Chapter 38 Article 14 Zhongke Entrepreneurship: The Age of Bankers Dancing

One day in the autumn of 1998, Zhu Dahu flew from Shenzhen to Beijing to meet the most important person in his life. Zhu Dahu's name is Zhu Huanliang, and he is a well-known stock market tycoon in the south.He doesn't have much education, and he drove a large loading and unloading truck on a construction site in his early years. Around the 1990s, he made a little fortune by subscribing to stock warrants, and has been in the stock market since then.He has a very poisonous vision in stock selection, and gradually made a lot of money, becoming one of the earliest billionaires in the Shanghai and Shenzhen stock markets. Around 1996, the trend of stock manipulation gradually emerged, and some people made a fortune by buying stocks to build positions and manipulating stock prices. Zhu Dahu also had such an idea.He took a fancy to a stock in Shenzhen called Kangdaer (stock code 0048).It was originally a chicken farming company in Bao'an District, Shenzhen. Most of the live chicken market in Hong Kong is supplied by it. Its business is stable and its profits are acceptable.

Zhu Dahu was acquainted with Bao'an District, and thought he had the possibility of becoming a banker, so he quietly bought Kangdaer's stock in the secondary market. After half a year, he actually hoarded tens of millions of shares, accounting for 90% of Kangdaer's tradable shares.Zhu Dahu spent 200 million yuan for this, more than half of which was all his belongings, and the other half was borrowed at high interest rates.Just when Zhu Dahu wanted to roll up his sleeves and speculate on Condal, in 1997, Hong Kong was suddenly attacked by "bird flu", and the whole island killed chickens and banned chickens. Condal's business shrank completely, and its stock price naturally took a slide. The peak price of 15.40 yuan per share suddenly fell to more than 7 yuan, a drop of more than 50%.Zhu Dahu’s 200 million yuan was all stuck in it and he couldn’t move. He said to people in frustration: “In 1997, except for those chickens that were killed, I was probably the most unfortunate person in Shenzhen.”

It was Zhu Dahu's last struggle to go to Beijing, and the person he was going to meet was Mr. K. Mr. K's name is Lvliang, and he often writes some stock review articles in securities media with this weird name.In fact, his real name is Lv Jianxin, and he is a devout lover of literature. He wrote novels and played with paintings in his early years, and his works were published on the website edited by Mr. Ba Jin, which shows that his level is not low. In 1992, Lv Liang went to Shenzhen to venture into the world. When he arrived there, he ran into the subscription certificate disturbance in August. Millions of stockholders crowded Shenzhen, but a collective riot broke out because of the fraud incident.During this turmoil, Zhu Dahu colluded with people inside and outside, grabbed tens of thousands of subscription lottery forms, and just dug up the first pot of gold; later, Tang Wanxin, who shocked the stock market, brought 5,000 fellow villagers with their own bedding and benches from Xinjiang. , and made a lot of money; only Lu Liang was still a curious bystander. He ran excitedly from one subscription point to another in those days, interviewed a lot of stockholders, and wrote a long documentary report "Millions of Shareholders" "Fried" Shenzhen".This was the most vivid description of the Shenzhen incident in China at that time. Dozens of domestic newspapers adopted this manuscript, and Lu Liang naturally earned a lot of manuscript fees.It was also during this stockholder riot that Luliang was baptized by the stock market.Since then, he has become a frequent visitor to the Shenzhen Stock Exchange, and his attention has never left since then.Living in Shenzhen made Lu Liang very excited every day, but he didn't make much money.

Soon after, he returned to Beijing, followed several big investors like Zhu Dahu to speculate in stocks, and also kept writing stock review articles.It seems that his luck in making money is not very good. At the beginning, he saved millions of yuan and switched to futures, but in the end he invested all of it. After two years of playing, he owed tens of millions of yuan in debt.However, in terms of stock reviews, he showed superhuman talent. His early literary creation helped him a lot. In stock review articles with poor writing and superficial concepts, he can always attract people's attention with passionate and speculative words.He saw through the gloom of the Chinese stock market very early on.He once wrote: "Due to the generally poor quality of listed companies, investors cannot choose truly valuable stocks at all, which has brought a lot of room for market operations. In a sense, the Chinese stock market is a 'story'. Yes'." Many of his views were recognized by many people in the securities investment circle, and gradually he gained a good reputation in this circle.Since 1996, he simply set up a Mr. K studio, while frequently writing stock reviews under the pseudonym of Mr. K, while also guiding others to speculate in stocks.As for why he chose such a strange name, he has two explanations: first, the stock market chart is also called K-line chart; second, K is the first letter of KING, implying that he is the "king of stock commentary".Immersed in this "story meeting" for many years, Mr. K has been waiting for a chance to show his skills.

When Zhu Dahu went north to find Mr. K, he was studying the stock "Bible" of Warren Buffett, the second richest man in the world.Buffett is the "stock god" of the world.He founded a private equity firm called Berkshire Hathaway, which started with tens of thousands of dollars and developed into a financial empire with 23 billion dollars.His stock has risen 2000 times in 30 years. Mr. K said to Zhu Dahu: "I want to learn from Buffett and become the first private equity fund company in China." Zhu Dahu, who has only a primary school education, has never heard of Buffett and private equity funds.He said: "I'll work with you, let's start with Condal."

In Mr. K's view, although Kang Daer is a "chicken stock", it has its own advantages: first, the market size of tradable shares is small, the acquisition cost is low, and it is easy to stir fry; The big household basically took control of the plate.Another point is that, according to Zhu Dahu, the company's business crisis is temporary, and as soon as the "bird flu" passes, the situation will improve immediately; what's more attractive is that the company holds a large piece of land, and if it is developed Can bring considerable benefits. Mr. K has heard about Zhu Dahu for a long time. He is a famous reckless man. He is bold, dares to bet against each other, is ruthless, and has a bad reputation. He has joined hands with institutions in Shenzhen several times to speculate in stocks. Always let go and withdraw first, never caring about the life or death of the partner.Although Mr. K, who has always been arrogant and considers himself a cultural person, looks down on this kind of person and has doubts about his character, but in the face of interests, he still decides to take a risk.

Mr. K signed an agreement with Zhu Dahu. He will organize funds to take over 50% of the tradable shares of Kangda in the hands of Zhu Dahu. Zhu Dahu must also help arrange the purchase of part of Kangda’s state-owned shares in conjunction with the long-term lockup, and finally realize the control of the company. control and restructuring.Zhu Dahu promised that no matter how the stock price rises in the future, he will transfer the stock in his hand to Luliang at an agreed price of 13 yuan.The cooperation goal of this strategic investment is 5 years. Zhu Dahu, who was in a dead situation, treated a dead chicken as a living chicken, and did not change a word of the agreement.In this way, in a dry and cold winter, Zhu Dahu, who had locked up 200 million yuan, and Mr. K, who owed 10 million yuan in debt, came together.No one would have expected that these two seemingly unlucky and down-and-out people would set off an unprecedented "blaze of blood" in the Chinese stock market.