I'm back in 1990

Chapter 224: The Financial Gene in Their Bones

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Zeng Jiahua did not stay for dinner; he went straight home after leaving the old house.

Huang Xiaochuan checked the time and saw that it was still early, so he decided to take Yu Xiang to see the house he had bought in Shanghai.

Huang Xiaochuan had mentioned the house to Yu Xiang before, but he had never taken her to see it. Until today, when she saw the renovated Li Family Garden, Yu Xiang was just as shocked as her uncle.

These houses exude an inherent sense of elegance. Although they may appear somewhat dated compared to modern buildings, their inherent historical significance speaks for itself; each villa has countless stories to tell.

Moreover, although this old villa is located in a bustling area of ​​Shanghai, the surrounding environment is very quiet, which is exactly the kind of dream residence that people pursue in later generations: "bustling outside, tranquil inside".

Yu Xiang fell in love with a house at first sight. After Huang Xiaochuan took her to see several other houses, Yu Xiang was speechless. Hearing about it was one thing, but seeing it with her own eyes was another.

Huang Xiaochuan also told Yu Xiang, "I recently saw an old villa on Yuyuan Road and I'm negotiating the price with the landlord. However, the landlord wants US dollars. I'll contact the landlord in a bit and take you to see it first. If you like it, I'll buy it as soon as possible."

"Why buy so many houses? We already have so many, how can we possibly live in them all?" Yu Xiang was puzzled by Huang Xiaochuan's habit of buying houses.

Huang Xiaochuan understood Yu Xiang's thoughts. After all, the welfare housing allocation system had not been abolished yet, and the real marketization of housing would not be until after 2000. Before that, most units of all sizes in most parts of the country still implemented the welfare housing allocation system.

However, starting in 94, the welfare housing originally allocated by the work unit could be sold to the unit's cadres and employees at a very favorable price. The specific price paid to the cadres and employees living there also involved factors such as the cadres' and employees' length of service, job rank, and housing grade.

Therefore, people are very eager for houses, especially in cities like Shanghai, where the average living space per person is only four square meters. Yu Xiang has never lived in such a house before. In her memory, her family's house was quite spacious.

Moreover, she lived in a school dormitory while studying in Shanghai, and had never seen what it was like for a family of five or six to be crammed into a room of less than twelve square meters.

Huang Xiaochuan said to Yu Xiang, "There will be plenty of houses in the future, but there won't be many houses like old villas. There are only a few in the whole of Shanghai. Buying one now will not only preserve and increase its value, but it will also be comfortable to live in. As you just saw, the old villas also have their own independent gardens. When we have children in the future, we can let them run around in the garden without any worries."

Upon hearing Huang Xiaochuan mention having children, Yu Xiang couldn't help but pinch Huang Xiaochuan's waist lightly in embarrassment and annoyance.

While the iron was hot, Huang Xiaochuan made an appointment with the landlord in advance, and then drove Yu Xiang to Yuyuan Road.

When the two of them arrived, the landlord had already opened the gate and was waiting for them. The car drove straight into the yard.

After getting off the bus, Yu Xiang immediately fell in love with the house. Although it was old and somewhat dilapidated, none of that mattered. The yard was huge! Clothes could be dried anywhere. Yu Xiang usually liked washing and cleaning, and she loved the smell of sunshine on clothes that had been dried in the sun.

While Huang Xiaochuan was chatting with the landlord, Yu Xiang carefully looked around the house inside and out by herself, and liked it more and more the more she looked at it.

Huang Xiaochuan, meanwhile, was discussing the price and payment details with the landlord.

Having been together for so long, if Yu Xiang didn't like it, she wouldn't be wandering around looking at things. Huang Xiaochuan had already seen from Yu Xiang's eyes that she really liked this villa, so if that's the case, then let's buy it!

"Mr. Wen, $160,000, I'll buy this house. How should I pay you? Cash or bank transfer, that's fine!"

"Cash, please! I feel more secure having cash in my hand." Mr. Wen, the landlord, still decided to take the cash.

"Okay! I'll pay you a deposit today, then we'll sign an agreement and schedule a time next week to complete the formalities!"

"Great! That's perfect!"

Huang Xiaochuan immediately contacted Lao Kan and asked him to come over to help draft the agreement, since he was the one who helped arrange the purchase of the villa.

Huang Xiaochuan paid 50,000 yuan as a deposit, which would be fully refunded to Huang Xiaochuan when the two parties handed over 160,000 US dollars.

By the time all the formalities were completed, it was almost 6 p.m.

Landlord Mr. Wen even asked Old Kan, "Old Master, who is Mr. Huang? He's so young!"

Old Kan spoke frankly: "Mr. Wen, to be honest, I really didn't know. I guess Mr. Huang has a lot of money in his family."

Yu Xiang felt like she was dreaming. She asked, "You bought it already?"

"Yes! I see you really like it, and the price is right. I can afford it, so why not buy it? If I miss this opportunity, it will be difficult to buy one later!" Huang Xiaochuan was telling the truth; this kind of house is a rare commodity now and in the future.

Tuesday, November 10.

To secure his uncle's 1,000 subscription certificates, Huang Xiaochuan took some time to visit the stock exchange and converted all the winning certificates into stocks. This time, he was familiar with the process and had contacted Yuan Chen of Shenyin Securities beforehand. Upon arrival, he went directly to the VIP room to complete the necessary procedures. Since the number of certificates was much smaller than last time, the processing time was relatively quick.

Soon after, one of the two newly purchased stocks, "Huhai Light Machinery," was officially listed on the Shanghai Stock Exchange on March 17. The opening price on the first day reached 55 yuan per share. It should be noted that the issue price that Huang Xiaochuan and his friends bought at was 23 yuan per share.

This one has already doubled in value, and this feast of wealth has only just begun.

Following closely behind, "Huhai Lianfang" also opened with a share price of 78 on the first day of trading. However, since the opening, these two new stocks, like the previous eight old stocks, have been rising every day.

This attracted a large number of investors to the stock market, and a large amount of funds poured into the market, causing the prices of more than a dozen stocks to continue to rise.

The stock exchange was bustling with noise, even more so than the stamp market in 91. After all, the two were different in scale; one was spontaneously organized by the public, while the other was officially led.

Throughout March, the students in room 222 either bought new stocks or read the daily stock market updates in the newspaper in their dorm room, each of them estimating how much money they had made.

Because he frequently visits the stock exchange, Huang Xiaochuan noticed an interesting phenomenon: more and more people are using mobile phones. Inside and outside the stock exchange, you can see stock investors holding their mobile phones to their ears to make calls.

The phone calls were all about stocks, bonds, and treasury bills; it seemed like everyone in Shanghai was involved in this game.

In reality, this is indeed the case. The uncles, aunties, and women with permed hair in the alleyways are all talking about the stock market and want to make a fortune in it.

Before liberation, Shanghai was the trading place of Huaxia Securities. With the booming stock market, the financial genes in the hearts of Shanghai people were stimulated, and the whole nation fell into a stock market frenzy.