Western Electricity was one of the first companies in the Chinese stock market. In 1998, it had put an end to its private sales and begun to split stock rights.
The original price of two yuan had amounted to more than 280 yuan after a series of rises and falls. Finally, it had fallen down to about 5 yuan. Countless holders had made a great fortune overnight during those years.
The stocks in Qin Guan's hand would soar in the following years, and no one would be prepared for it. The performance of Western Electricity had increased by 50% every year, which had shocked the stock market.
n.o.body but Qin Guan knew that this performance had been forged though. The company leaders had bought plenty of stocks and undersold them gradually through 44 fake individual accounts.
The company had also invested 700,000,000 on the stocks through 69 fake individual accounts and cashed in most of the profits as company income.
After several months, the prices would fall steeply, and countless common investors wouldn't get their original capital back.
Y city citizens were hoping that the government would step forward to help them.
Qin Guan had a general idea of the timing, so he knew that this would be his best chance to cash in his money.
He called his parents to emphasize the importance of underselling the stocks and reminding his uncle.
His parents had nearly forgotten about the stocks, which they’d bought as a joke. They hung up and called Qin Guan's uncle, who told them their current price. Qin's parents realized they were millionaires!
Luckily, they were easy to satisfy. They were really happy with the price. Qin Guan took after them after all.
Both families dumped the stocks and became millionaires. They went out of the stock exchange in a daze. The sum in their account felt like a dream. Qin Guan received a call from his mother and breathed a sigh of relief at the vast sum in his account.