My Realistic Simulation Game

Chapter 107 The Century-Old Fraud Case: Peng Jiandong Cries

Qin Yuan once read a report that said that in 1992, the number of new shares issued by the Shenzhen Stock Exchange increased from 1.5 million in 1991 to 5 million. After a nine-month slump, the market rebounded and showed a prosperous scene, ushering in a super bull market.

The Shenzhen Commercial Daily’s front page featured an announcement of the 1992 IPO lottery results.

The announcement stipulates that investors can obtain the right to subscribe for new shares by queuing at 303 sales points to purchase a lottery form.

This is the origin of the "92 Fortune Certificate".

Although many stories take place in Shanghai, Shenzhen is no less remarkable.

After all, the core of the fervor in the capital market remains the same regardless of the era.

Blindly pursuing wealth and ignoring risks.

In 1992, after that announcement was released, the Shenzhen Stock Exchange planned to issue new shares. This news quickly spread throughout the country, and investors from all over the country began to flock to Shenzhen.

In just a few days, the price of a train ticket from Guangzhou to Shenzhen jumped from 30 yuan to 300 yuan in the hands of scalpers.

The cost of chartering the car reached 3000 yuan.

Hotels, guesthouses, and hostels of all sizes in Shenzhen are fully booked.

Originally, the lottery tickets were to be issued starting August 9th, but by August 7th, many people had already started queuing at the outlets. The market's focus was entirely on the 5 million stock lottery tickets.

Such a fervent scene remains a memory of an era, marking the peak of the stock market boom in the 1990s.

However, in Qin Yuan's view, the bustling scene in the crowded 1990s was no less impressive than it is now.

He held a copy of the "Militia Military Training Manual" that he had just bought from the bookstore, followed by the equally excited Ma Gan'er and the indifferent-looking Makf.

He looked at the entrance of the Shenzhen Stock Exchange, where more and more people were gathering.

Today is November 29th, and there are still two days before the Shenzhen Stock Exchange begins its trial operation, but people are already queuing up to see it open.

While waiting in line, these people didn't forget to chat about the stock market.

"Have you heard? A couple of days ago, some idiot, I don't know where he came from, dumped a huge amount of Yuanye shares on Hongli Road! Tsk tsk, more than three million yuan!"

"Really? Selling now? Are you out of your mind? Jianlibao is about to go public, the market will definitely soar! Yuanye is a long-established leader!"

"Exactly! You can't buy them even if you want to! You can only wait for the stock exchange to open or try your luck on the black market! I queued all night yesterday and only managed to snag a little bit of Vanke stock..."

There was this guy whose girlfriend brought him food. While eating, he couldn't help but complain: "Sigh, I'm too late. I missed the good time when that idiot was selling stocks! Now I can only come here early to line up and wait for the opening on December 1st to grab Jianlibao! I heard the odds of winning this time are even lower than buying lottery tickets, but what if I win? Then I'll be rich!"

"Absolutely! Buying is making money! Stocks only go up, they never go down! Shenzhen Development Bank has risen almost 30 times since the beginning of the year! Have you ever seen anyone lose money?"

As Qin Yuan listened to these confident remarks, a barely perceptible chill crept onto his lips.

Is buying it a guaranteed profit? Will prices only go up and never down?

Do financial products that offer stable profits and are risk-free truly exist in this world?
Wall Street's centuries-long history of blood and tears proves: No!
However, on this land in the East, in Shenzhen at the end of 1990, countless people firmly believed in this.

Because it was noon, all the people in line were eating lunch that their friends, family, girlfriends, wives, or even children had brought them, and no one dared to leave their spot.

suddenly!

A young man sitting against the wall in the crowd, flipping through a Hong Kong newspaper, suddenly let out a scream:
"This...this...this...is impossible?!"

His face turned deathly pale instantly, his hand holding the newspaper trembled violently, and his eyes widened as if he had seen something extremely terrifying!

The people around him were startled by his scream and cast curious and disapproving glances their way.

"Hey! Zhang, what are you yelling about? What did you see?"

"Yes! They were so jumpy, it was terrifying!"

"Is there some big news in Hong Kong? Is Jianlibao going to go public ahead of schedule?"

"Quickly read it aloud to cheer everyone up!"

The young man named Xiao Zhang's lips trembled, but he couldn't utter a single word; he just stared at the newspaper in terror.

A middle-aged man wearing glasses, who looked like an intellectual, frowned and took the newspaper from Xiao Zhang's hand: "Let me see."

He adjusted his glasses, his gaze falling on the shocking headline on the front page of the newspaper, his pupils suddenly contracting!
Numbly reading the traditional Chinese characters above:

Main Title: Deep Wilderness: A Fraudulent Empire Beneath a Glamorous Mask – A Warning to All Investors

Subtitle: Eight Ironclad Pieces of Evidence! Dissecting the Shocking Fraudulent Scheme of "Shenzhen Stock King" Shenyuanye!

The sound wasn't loud, but it was like a thunderclap from a clear sky!

The noisy crowd instantly fell silent!
All eyes were immediately drawn to the bespectacled man and the newspaper in his hand!

The air seemed to freeze!
"Deep...deep wilderness? Fraud empire? Forgery scam?"

"Eight ironclad pieces of evidence? What eight ironclad pieces of evidence?"

"Hurry! Keep reading!"

The bespectacled man swallowed hard, suppressing the turmoil in his heart, and continued reading:

"Ironclad Evidence 1: Fake Foreign Investment, Real Control—Runtuo Company's 'Painted Skin'..."

"Ironclad Evidence Two: Fake Capital Injection, Making Money Without Investment..." "Ironclad Evidence Seven: Cashing Out at High Prices, Frenziedly Seizing the People's Wealth..."

"Ironclad Evidence Eight: Regulatory Warnings – Rome wasn't built in a day..."

As one piece of irrefutable evidence after another was clearly read aloud, the atmosphere in the crowd quickly shifted from initial shock and doubt to terror, anger, and disbelief!

"Fake? Runtuo Company is a shell company? They didn't invest a single penny, it's just money being transferred from one pocket to another?"

"Are all assets created through accounting adjustments? Are unfinished houses considered assets?"

"Did Peng Jiandong swindle all the state-owned shares? And then cashed out tens of millions to buy a luxury house in Hong Kong Island?"

"He...he immigrated to Australia a long time ago?!"

"Bang!" An enamel bowl containing a lunchbox fell to the ground, spilling food all over the floor.

Its owner, however, was completely oblivious, only muttering to himself, his face deathly pale: "It's over...it's over...my money...all my money is in Yuanye Stock..."

Panic spread rapidly among the people like a plague!
"My God! I just bought some Wilderness Stocks on the black market at a high price yesterday!"

"Liar! Peng Jiandong is a liar! Shen Yuanye is a liar!"

"Give me my money back! I want my money back!"

"What about the stock exchange? What about the government? Aren't they going to do anything about it?!"

Even faster than these ordinary stock investors received this daily newspaper from Hong Kong Island, were major securities companies, the Shenzhen Stock Exchange preparatory group, and the Shenzhen municipal leadership team in Shenzhen...

And Peng Jiandong himself, at the center of the storm!
The General Manager's Office of Shenzhen International Trust & Investment Corporation (SZITIC Securities).

"Thump!" A newspaper was slammed onto the desk!

"Damn it! Peng Jiandong, that bastard!" The general manager's face was ashen, veins bulging on his forehead. "He... he dares to do this, he's so audacious! He's going to drag the entire Shenzhen stock market down with him!"

He grabbed the phone, his voice hoarse: "Quickly, immediately notify all branches to suspend all trading of Shenzhen Yuanye stock and freeze all related accounts, now!"

Temporary office of the Shenzhen Stock Exchange preparatory group.

A deathly silence fell! Everyone was stunned by the contents of the newspaper!
“It’s over…it’s all over…” one of the managers muttered, his face ashen. “Jianlibao…the Shenzhen Stock Exchange…it’s all over…how…how can we open for business now?”

"Immediately, report to the Municipal Party Committee and request emergency action!" The team leader stood up abruptly, his voice filled with unprecedented solemnity and a hint of despair.

Shenzhen City Local Conference Room.

The atmosphere was as heavy as lead.

The main leader's face was ashen as he quickly flipped through the newspaper photocopies.

"Investigate! Investigate this thoroughly!"

"Industry and Commerce Bureau, Police, Banks, and Securities Bureau, a joint operation!"

"Immediately shut down Shenyuanye Company, detain all personnel involved, freeze all assets, and spare no effort to recover losses and stabilize the market!"

Everyone's eyes widened in disbelief. If the news in the newspapers was true, then Yuan Ye had told a colossal lie. His market value of over 100 million yuan—how big of a bubble must that be?
Everyone was shocked; the entire city of Shenzhen was stunned.

But could these messages be false?

The eight charges included photos taken by the Daily News during its visit to luxury homes on Hong Kong Island, Peng Jiandong's signature, and his application to immigrate to Australia.

Could this be fake?

Anger, unprecedented anger, filled the four major securities firms, the capital market team, and "Shangshan Ruo Huo," who was preparing to use the stock market to complete its plan of swallowing a whale. At this moment, they were all beyond furious.

The hillside mansion, Peng Jiandong's residence.

"Bang!" A beautiful crystal ashtray was smashed to the ground, shards flying everywhere!
Peng Jiandong's face was ashen, and his whole body was trembling uncontrollably. He clutched the "Tiantian Daily" newspaper tightly in his hand, crumpling it into a ball.

"It's all fake, it's all fake, it's slander, it's slander!"

He screamed hysterically, but his voice was filled with undisguised fear and despair.

He saw photos in the newspaper of him buying a luxury house on Hong Kong Island, and he saw blurry photocopies of his immigration application documents to Australia...

“It’s over…it’s all over…” His legs went weak, and he collapsed onto the expensive carpet, covering his face with his hands.

He knew that his carefully constructed empire had completely collapsed at this moment!
All his wealth, status, and dreams will vanish into nothingness!

What awaits him is the severe punishment of the law and an abyss of no return!

"Who is it? Who is trying to harm me?"

Peng Jiandong raised his head, his face contorted with anger and fear.

He knew that such detailed reports couldn't have been fabricated out of thin air; someone must be investigating him, someone wanted him dead.

In an instant, he thought of the secretary's report from two days ago.

"Black market dumping?"

(Bonus chapter 3 for consumer knowledge. Note: I just checked the information in the previous chapter and changed the borrowing from three million to six million.)

(End of this chapter)