Chapter 340 Tractor Account and HOTMAIL

lAfter Li Xiaofan and Sun Zhengyi finished talking on the phone, the company's financial director Zhou Xiaoqing came into Li Xiaofan's office and reported that the first equity pledge loan the company had applied for from Oversea-Chinese Banking Corporation of Singapore ob had been received, totaling US$10,000. The loan interest rate has been given a 10% discount. The current benchmark loan interest rate in the market is the one offered by Overseas Chinese Bank of Singapore to Yifan Company.

The loan pledged 10,000 Yahoo shares held by Yifan Holdings Pte. Ltd. in Singapore. Zhou Xiaoqing had already sent the relevant information to the secretary in charge of securities affairs at Yahoo in the United States in accordance with Li Xiaofan's instructions, and they were responsible for the relevant filing work.

Later, Li Xiaofan asked Zhou Xiaoqing to call in Wang Danrong, the assistant in charge of investment affairs.

"Dan Rong, during this period, in addition to preparing the first phase of the venture capital fund, you used our company's account to buy a semiconductor equipment stock from the Netherlands called Asmaier listed on the NASDAQ in the United States. "

Then Li Xiaofan told Zhou Xiaoqing, "Xiaoqing, first transfer 10,000 US dollars from your account to the US stock account set up by the company, and let Dan Rong be responsible for the buying operation!"

Half an hour later, Wang Danrong came to Li Xiaofan's office to report, "Director Li, I just went to the computer to research the Dutch Asmail stock you just mentioned. The stock price has been fluctuating around the US dollar recently, and the company's market value is not large. If we buy 10,000 US dollars, we will suddenly become a shareholder. Isn’t it too much?”

Li Xiaofan smiled and said, "Danrong, it's okay. You can open a position on this stock when it's low. You can sell high and buy low if you have time. My only requirement is to buy it and hold it for a long time!"

"Okay, Director Li, I understand!"

When Wang Danrong came out of Li Xiaofan's office, although she said it clearly, she still muttered secretly in her heart, why did the boss let her buy such a little-known stock...

In the evening, after Li Xiaofan finished socializing with guests from Malaysia, he returned to the terraced house dormitory. In the living room, Liu Mengchen, wearing pajamas, was happily surfing the Internet with a laptop in his hand.

Before going to the United States to ring the bell, Li Xiaofan asked the company office to apply for a network for his dormitory. Last Sunday, Singtel staff came to help them officially activate the Internet function.

Seeing Li Xiaofan coming back, Liu Mengchen quickly stood up and came over to take the briefcase from Li Xiaofan's hand, and thoughtfully handed over the sandals.

Guo Hanyue took leave this morning and went back to China to visit her seriously ill father.

Now the job of taking care of Li Xiaofan has been handed over to Liu Mengchen.

In fact, Liu Mengchen was also capable of the detailed tasks that Liu Mengchen took care of Li Xiaofan in the past, but she was more careless and not as careful as Guo Hanyue. And after seeing that Guo Hanyue was more proactive, she took the initiative to give in.

Today, Yueyue is not here, so it is her duty to take care of the boss's trivial matters.

"Boss, take off your coat. I'll wash it off for you. You're so sweaty, go take a shower! The shirt and trousers I brought in for you just now have been ironed and put over there. On top of the cabinet.”

"Boss, have you had dinner? Do you want to help you make a bowl of Chongqing noodles or something?"

Li Xiaofan was amused by her words: "Mengchen, thank you, I'm full! I want to give you a suggestion, can you still call me the same as before?"

"Oh, you are our big boss now. It is definitely not appropriate to call you Afan. How about you call me Brother Fan?"

"Well, this title sounds much more comfortable!"

After Liu Mengchen thoughtfully helped Li Xiaofan take off his shirt, he handed Li Xiaofan a clean T-shirt and a pair of underwear, "Brother Fan, these are the underwear I collected for you earlier. You can take a shower with them."

"Oh, okay, thank you!"

After Li Xiaofan came out of the shower, Liu Mengchen followed Guo Hanyue's example and took the T-shirt and underwear he had changed out of to wash.

Taking a can of iced Coke from the refrigerator, Li Xiaofan sat on the sofa and watched the U.S. market for a while on the laptop Liu Mengchen had just used.

After the U.S. opened tonight, Yahoo's stock continued its upward momentum last night and broke through the U.S. dollar. However, it subsequently encountered heavy selling pressure and fell back to fluctuate around the U.S. dollar. Asmail's stock price remains calm, with the dollar fluctuating up and down.

Currently, the focus of speculation among Wall Street speculators is Internet technology stocks listed on Nasdaq.

Looking at the market conditions in the United States, Li Xiaofan suddenly thought of domestic A-shares.

Domestic interest rates were cut twice in a row in January and February this year. Under the guidance of policies, the channels passed on to market macro-control have been loosened.

In his previous life, in the first half of the year to next year, there was also a big wave of technology stocks in domestic A-shares. What impressed him was that the biggest gains in that wave were high-quality stocks represented by Shenzhen Technology, Sichuan Changhong, and Shenzhen Development Bank. These stocks performed very well back then, but later, except for Shenzhen Development Bank, the other two became junk stocks.

Among the most impressive ones that Li Xiaofan has some impression of is Shenzhen Technology, which increased by more than 20 times in that year!

It's only the second half of the month, so it's the best opportunity to buy a&bsp&bsp stocks!

Thinking of this, he immediately took out his mobile phone and dialed Wu Xiumei, general manager of Mingzhou Yifan Industry and Trade Company.

"Director Li, good evening, why are you so late?"

"Xiumei, the stock account I asked you to help me handle last time I returned to China should have been opened and can be used, right?"

"Yes, it has been opened. Director Li, do you plan to trade in stocks?"

"Xiumei, you go to Mingzhou National Trust Company tomorrow to find a classmate of mine named Zhu Junda, and ask Zhu Junda to introduce you to the person in charge of their company's securities business department. This means that our company will have a sum of tens of millions of yuan the day after tomorrow. If funds are to come in for stock trading, ask the sales department to provide us with some tractor accounts!”

"Tractor account, what do you mean?" Monk Wu Xiumei on the other end of the phone was confused.

"To put it simply, there are multiple shareholder accounts under one capital account, commonly known as tractor accounts in the industry. The person in charge of their sales department will definitely understand. As long as our scale is large enough, they will definitely cooperate!"

At that time, the domestic “tractor account” had a very special background.

In the 1990s, the requirements for opening securities accounts in China were very loose. As long as the customer's documents were complete and the original ID card was available, anyone could open an account at a securities company regardless of whether they came in person or not.

In this way, in order to subscribe for new shares, some investors at that time brought the ID cards of relatives and friends, opened a bunch of accounts and linked them under their own capital accounts, so as to increase the winning rate of new shares.

Bankers also used "tractor accounts" to manipulate stock prices. There were many examples of this at that time. For example, at that time, Dapeng Securities used individual shareholder accounts linked to individual capital accounts to speculate on "Minmetals Development", and Southern Securities was operating "Hafei". In the process of buying shares, you can use a capital account and link a shareholder account to participate in the sub-position trading of "Hafei Shares"...

At that time, in order to achieve performance, the securities business department competed with other business departments. If it encountered large-capital customers, it would proactively provide some "tractor accounts" to large customers to speculate in stocks.

Many of the ID cards they use are purchased from farmers in remote mountainous villages for one to two hundred yuan each. Those poor farmers may never understand what stocks are...

In the industry in the 1990s, "tractor accounts" were an open secret.

Later, it was not until the real-name system was adopted for the opening of securities accounts starting from January 1, 2018 that the illegality of the "tractor account" was determined.

After finishing the phone call with Wu Xiumei, Li Xiaofan browsed various BS forums on the Internet.

Suddenly he discovered that a website called Hotail had been established on the day of last month. The founders, Saber Bhatia and Jak Smith, were working in a university at Stanford University.

s forum discusses how to access email service technology through the web...

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