The world is full of our generation, and the years are urging us as soon as we enter the world;
The royal map is in the conversation and laughter, and life is drunk.
A song by Li Bai's " Jianghu Travel " sings the heroic spirit. The hero sighs that there are rivers and lakes where there are rivers and lakes where there are endless legends. Capital market - this rivers and lakes of heaven and hell, many little-known historical legends that have appeared. Whether heroes, heroes, or grassroots write a series of bloody and heroic stories. Most of us are rushing to heaven. Later we know that heaven is in another sparsely populated place, and most speculators always quietly with a failed identity; learn from history, through these classic legends, we deeply analyze our own humanity, psychology, investment concepts and realm, which is worth pondering and inspiring!
Learning the advantages of successful masters can increase your chances of getting rich, which is just an introductory achievement for beginners; how to learn from the painful experiences of predecessors is a compulsory lesson for every mature investor!
One of the four kings of the Taiwan stock market, Viking Xiaoshen
In the 1980s, there were four such elites active in the Taiwan capital market. Every transaction of theirs could absolutely affect the trend of the stock market; the Taiwan authorities needed to get their support before entrusting the market; more than ten years later, whenever a classic market appeared, people still compared their situation back then. They were once named the "Four Heavenly Kings" of Taiwan's stock market and were well-known. How wonderful the storm and events of the "Four Heavenly Kings" back then? And where are the heroes from all walks of life now after the calmness? After ten years of unrest, who has better investment philosophy!
Taiwan stock market trend
In January 1998, a big news broke out in the financial circle of the Asia-Pacific region - Taiwan Jinghua Securities defeated many competitors and acquired the Hong Kong branch of Japan Yamaichi Securities. Since then, Shen Qingjing, the head of the Viking Group, nicknamed "Viking Xiaoshen", has become a well-known font in the financial circle of the Asia-Pacific region. Of course, there are many stories about Shen Qingjing. For example, he entered the Taipei stock market with NT$2.5 billion, and went to "hell" with a fierce style of never watching the market and never exploring and "forced buying and selling"; he also worked with other institutions to effectively rescue the market when the Taipei stock market fell to the bottom; his securities institutions were the first Taiwanese securities company to be approved to enter the mainland...
Shen Qingjing called himself "Vijing Xiaoshen" and has not changed for 30 years. He is both a successful person and an "economic warrior". In Taipei, if you want to ask about Shen Qingjing, it may not be known to everyone, but if you mention the name "Weijing Xiao Shen", then there will be many people who know it. When talking about the scene when he first entered the stock market with 2.5 billion yuan (NT$) of funds, he used "thrilling" to describe the dangers of the stock market.
enters the Taipei stock market
Shen Qingjing was born in Nanjing in 1947. Later, his family moved to Taiwan. His youth was extremely unruly, fighting, killing, gangs, and fighting, and was imprisoned for three years. After being released from prison, he changed his mind and became a new person and began his life as a crew member. In 1974, he started quota trading and stood out in just three years, becoming Taiwan’s famous “quota king”, and he also obtained the first pot of gold in his career.
In 1985, with billions of assets and wearing the title of "Taiwan Textile Quota King", Shen Qingjing withdrew from the customs declaration business and since then he transformed and established the first company of Viking Group, Viking Development Company. In March 1987, when the new company's business was not progressing much, in order to preserve the company's assets, he brought 2.5 billion yuan of funds to enter the door of the Taipei stock market for the first time. In fact, as early as July 1985, when the Taiwan stock market fell to more than 600 points, Shen Qingjing had used 200 million yuan to buy textile stocks, thus making tens of millions of profits. He said that that time didn't count, it was just a fun game, and this time it was the real entry into the market.
2.5 billion yuan invested in the stock market naturally has a lot of noise, and every time he entered and exited, he was between more than one billion yuan. At that time, the daily trading volume of the Taiwan stock market was only between 3 billion and 5 billion yuan. Such a large amount of funds immediately attracted the attention of the media and investors. In addition, the few stocks he bought could rise, and some people thought he could "call the wind and rain". A month later, the title of "big investor" spread like wildfire in the stock market, and the media called it the "Four Heavenly Kings" of the Taiwan stock market together with the other three.
Whether it is a "big member" or a "king of heaven", in his words, its purpose is to preserve the value of the company's property. Little did he know that this "king of the Taiwan stock market" never watches the market or trades, never greets listed companies, buys money when they get it, and sells money when they make it. His "dark horse" who is solo in the stock market has left a deep impression on investors of "strongness and strength", so that all the stocks he bought have been reported by media, which has caused small and medium-sized investors in the market to flock to follow. He said that the reason he did this was to hope that every amount of money would be open and honest, rather than killing retail investors. When he explained the reasons for not watching the market or not trading the market, he said that because he knew nothing about it, he was even more afraid of trouble. He was more likely to be "big players" like him who had no professional knowledge, which may be unprecedented in the Taiwan stock market.
recalled the scene at that time. In 1987, Taiwan had entered the stage of liberalized market economy. The general environment of economic openness was determined. Listed companies performed well and the potential for listed stocks was optimistic. He also felt the mentality of the business community being ready to move. Therefore, he believed that the Taiwan stock market must have room for growth. He said that entering the market at this time is a great opportunity for time, place and people. He also predicted at the time: "Stocks will become a national movement in Taiwan in the near future."
is deeply involved in Nangang Tire
Half a year after Shen Qingjing entered the market, due to the huge investment, not only his property was preserved and appreciated, but he also became a director of many listed companies, such as Guangbao Electronics, Taiwan Paper, Shilin Paper, etc., which was proud.
Shen Qingjing's first official intervening stock was Guangbao Electronics, which was invested in in March 1987. The capital amount of Lightbao Electronics was around 200 million at that time. When he learned that Guangbao's chairman Song Gongyuan was trapped in real estate and was eager to take off his stocks to solve the huge debt, Shen Qingjing quietly bought millions of Guangbao shares in the market. Soon the market was heard that "Xiao Shen is speculating on Guangbao".
At this time, Guangbao Electronics Company began to send people to deal with the acquisition. Shen Qingjing, who was not interested in taking over Guangbao, took advantage of the situation and continued to inhale in the stock market until he held more than 7 million shares and truly entered the board of directors. At this time, the stock price of Guangbao Electronics has already become prominent. Not long after, Shen Qingjing successfully shipped all the stocks in his hands. Then, the stocks such as Taiwan Paper, Shi Paper, and Nangang were prepared in the same way. The two stocks of Guangbao and Taiwan Paper alone brought nearly 2 billion yuan in profits to Xiao Shen.
But it is lost in the east corner, and it is lost in the east corner. The unpopular operation of Shizhi stocks has made Shen Qingjing shudder to this day. In October 1987, Shen Qingjing acquired 10 million shares (accounting for 10% of the total capital) of Shizhi shares for the first time outside the market for 850 million yuan due to a friend's introduction. After the news came out, Taxi Paper Co., Ltd., which has always been unpopular, immediately changed from cold to hot, and hit the daily limit to a high price of 115 yuan on the third day.
During Shen Qingjing's investment process, there were also Waterloo that was lost in the whole world due to his honest personality. Nangang Tire is an example. When he invested in Nangang Tire, it was because his subordinates owned a very investment-worthy piece of land. Shen Qingjing started to purchase the stock in 1988. At first, he only owned 3% of the shares, but the stocks fell all the way and had to buy them all the way. Half a year later, the stocks in Xiao Shen had reached 20 million shares, accounting for 33%. At this time, the stock price in his hands increased from 26 yuan to 38 yuan. Nangang Tire is a family-owned enterprise, because Xiao Shen's equity ratio is already 7 times that of the Xu family's capital.
In order to prevent being trapped, Xiao Shen announced that he would take over. As soon as this statement was made, the Xu family immediately came forward to negotiate and demanded that they be repurchased at a price of 27 yuan per share. This is far from Xiao Shen’s 60 yuan offer.After arduous negotiations, the Xu family was willing to let Xiao Shen resell the shares to Japan's Yokohama Coating Group at a price of 30 yuan per share, and at the same time, the land of Nangang Factory was sold to Xiao Shen at a price of more than 200,000 yuan per square meter.
Although the stock price is not enough to pay for financing interest, considering the long-term plan to enter the real estate industry in the future, I finally decided to make concessions. But later I found that one piece of land adjacent to Nangang is still the property of another company. If it is not purchased, the utilization value of Nangang land will be very small. When the land was obtained after repeated mediation, the redemption price had risen to 1.3 million per square meter. At that time, the market value of Nangang's stock had reached 60 yuan. In order to stick to his trust, Xiao Shen still replaced him at a price of 30 yuan per share. This is Xiao Shen’s worst setback in the stock market.
Guo Wanrong incident
However, in the seventh month after he entered the market, that is, on October 19, 1987, an unprecedented financial crisis occurred in the Wall Street stock market in the United States, causing the global stock market to experience the "domino effect", which is called the "Black Monday" in the history of global finance.
From 1987 to 1989, the stock market became the most lively place in Taiwan. The stock market was as powerful as a rainbow, almost crazy as the stock market was as powerful as a rainbow. Its stock index once became the second highest in the world, making the entire island crazy. More than a thousand people entered the market to open accounts almost every day. In order to control this situation. After the stock market closed on September 24, 1988, Guo Wanrong, who was then the "Treasury Minister" in Taiwan, announced a re-issue of "certificate tax" to control the stock market.
But things went against my expectations. The huge decline that was almost closed on the 19-day market has scared countless investors. In 19 days, Shen Qingjing lost 5% of the stocks with a market value of 4 billion yuan every day as soon as the market opened. In the end, he not only lost the original profit, but also lost 700 million to 800 million yuan in the same way.
The stock market fell from more than 8,800 points before the 24th to 5,500 points, and the authorities could no longer bear the pressure from all directions. Zhao Xiaofeng, general manager of the stock exchange, called Shen Qingjing, hoping that he could help the authorities save the market together with other big players in the stock market. Although he has lost confidence in the stock market, Shen Qingjing still cheered up and joined other big players to rectify the stock market. It took four months to recover. In August 1989, the stock market not only crossed the 8,800 points before the "Guo Wanrong Incident", but also broke through the 10,000 point mark. By February 1990, its stock index rose to a peak of 12,600 points.
Saving the stock market has made Shen Qingjing's popularity soar. The "Four Heavenly Kings" who were already famous on the island are even more famous at this time. Even Hong Kong knows that Taiwan has a "Viking Xiao Shen". Logically, Xiao Shen should have taken this opportunity to earn back the original losses, but Xiao Shen clearly saw that the stock market recovery caused by the intervention of the authorities was an abnormal state and would definitely fall soon.
. The intervention of some non-professional officials in the authorities made them feel heartbroken about the stock market, so they decided to retreat and exit the stock market. By March 1990, when the stock market fell from 12,000 points to 8,000 points one after another, Shen Qingjing had already shorted all the stocks in his hands.
acquires Japan Yamaichi Securities
In the 1980s, there were only 14 securities companies in Taiwan. During the stock market boom, having a securities company license was like owning a money printing machine. Therefore, the public's call for opening securities licenses is higher than the other day. In 1988, the authorities had no choice but to open up a batch of securities business licenses, and Shen Qingjing also took the bus and established Jinghua Securities in September 1988.
With the rapid development of its business, Jinghua Securities became a comprehensive securities firm that can develop multiple businesses in the second year after its establishment, and at the same time it is developing towards islandization and internationalization. In April 1989, Taichung "Kyoto Securities" was established; in May, Hsinchu "Beijing Securities" was established; in 1991, Kaohsiung branch was established; in 1992, Jinghua Securities Investment Trust Company was established; in February 1993, Hong Kong Jinghua Securities International Company was established... Soon, Jinghua Securities had become one of the four major securities companies in Taiwan.
After the establishment of Jinghua Securities, it happened to catch up with the Taiwan authorities to adjust the economic structure and intend to privatize many official enterprises. Therefore, underwriting official stocks became the target of many securities companies on the island at that time. In 1993, Jinghua Securities obtained the underwriting rights of Yangming Shipping, which belonged to the Ministry of Transportation, and achieved success in one fell swoop, consolidating the young Jinghua Securities' position among the island's securities firms. Jinghua Securities was successful in the following several official stock underwriting cases, thus setting a brilliant record for official stock underwriting on the island.
By 1995, Jinghua Securities had jumped to Taiwan's largest underwriter and was also the best-performing official stock privatization underwriter. Since then, Hong Kong Jinghua Securities International Company, which belongs to Viking Group, has obtained the qualification of B-share brokerage on the Shanghai Stock Exchange, becoming the first Taiwanese brokerage firm to open a business link between Taiwan securities companies and the mainland. In June 1997, Jinghua Securities obtained a license to be approved by the authorities for the entrusted purchase and sale of foreign securities, becoming the first comprehensive brokerage firm in Taiwan to be allowed to operate this business.
In the second half of 1997, the Asian financial crisis swept across Southeast Asian countries, and even Japan, an economic powerhouse, was not spared. Among them, Yamaichi Securities, a famous century-old store and the fourth largest securities company in Japan, also declared bankruptcy at the end of the year. At that time, Viking Group, which had just emerged from the financial crisis, completed the merger and acquisition of Japan Yamaichi Securities' Hong Kong Branch in less than a month after fierce competition. This move caused a sensation in the Asian financial industry, and Jinghua Securities also led Viking Group to take its first internationalization step.
On January 19, 1998, Shen Qingjing led a group of people from Taipei and Hong Kong Jinghua Securities to Japan. It was already the eve of the Spring Festival, but Tokyo was shrouded in a sluggish air pressure, because in the bitter cold wind, Japan's economy also fell to an unprecedented bottom. At this time, Shen Qingjing was excited because he was about to become the first Chinese to acquire a Japanese multinational company. With excitement, he led his colleagues to the headquarters of Shanichi Securities in Tokyo.
Now, Viking Group is firmly firm on the island of Taiwan, Hong Kong and Southeast Asia with 4 listed companies, more than a dozen related companies, and strong assets. Its securities institutions have set up offices in Beijing and Shanghai... In the process of gradually withdrawing from the stock market, Shen Qingjing began to turn his investment attention to the primary financial market and industries such as real estate, chemicals, and construction, and has since expanded another world and become the most successful representative of the investment transformation among the "Four Heavenly Kings".
When the dust settled, Shen Qingjing recalled: "The stock market is not my stage, so he decided to retreat bravely and bid farewell to the speculative years. The result of walking for three years was that he did not make a profit from the stock market. The only one was the ban of the 'Stock King'. For me, both good and bad are half, and I don't like this ban."
The next issue is exciting: The second of the four kings of the Taiwan stock market - Albura
@Financial @Huang Sheng watch the finance @Toutiao Finance
