Outsider: The Fifth Young Master of the Kang Family

Chapter 70 Stock Trading
In the next few days, everyone in the Kang family used their off-get off work time to tutor Cousin Bing. Cousin Bing performed as steadily as ever, which made everyone very angry. When the eldest brother was tutoring him in geography, Cousin Bing uttered the famous classic and clever remark "Dongguan in the Eastern Hemisphere, Xiqiao in the Western Hemisphere, Nanhai in the Southern Hemisphere, and Beijiao in the Northern Hemisphere".

When his father taught him history, he mistook the TV series for real history and laughed at his father's poor history knowledge, which made his father so angry that he almost drove his cousin Bing away. Today is the day when Kang Qirui tutors his cousin Bing in Chinese. In order to find out his Chinese foundation, Kang Qirui assigned him a composition topic and asked his cousin Bing to write an essay first.

"Cousin, have you finished your composition?" Kang Qirui poured a glass of water and found his cousin Bing scratching his head.

When cousin Bing saw Kang Qirui coming in, he excitedly said as if he had grasped a life-saving straw: "Teacher Rui, how do you write the word bitter in bitter melon when you are writing?"

"A grass flower head with a cross and a hole." Kang Qirui shook his head and smiled bitterly.

"Okay, finish writing." Cousin Bing filled in the missing words. Kang Qirui motioned for him to read the composition, and cousin Bing read: "Today my wife and I went to the vegetable garden. The weather was really good. The shit water reflected the morning sun."

"Wait a minute." Kang Qirui was disgusted and said, "What is this about shit water reflecting the morning sun?"

"You said that articles should be realistic. I went to apply fertilizer, but the vegetable garden was filled with nothing but vegetables and manure." Cousin Bing also had something to say. Isn't it wrong to write according to the requirement?

Kang Qirui said helplessly: "That's right, writing an article must be truthful, but the truthfulness should not be exaggerated. It should be beautiful. You can't write about shit reflecting the morning sun. Do you understand?" This time, Kang Qirui didn't let his cousin Bing read it. He took it and read it himself.

He pointed to a word on the paper and said, "Nowadays, people say cucumber, and there is no such thing as seedling melon." Cousin Bing stretched his head and looked, "Wrong, wrong, this is bitter melon."

"Bitter melon? How do you write the word bitter?" Kang Qirui didn't understand. Didn't he just ask himself how to write the word bitter?

Cousin Bing turned the composition paper to a clean page and demonstrated with a pen, "The grass flower head, a ten, and a mouth." Kang Qirui stroked his forehead and said impatiently, "Cousin, the cross is above the mouth, not inside the mouth."

"Why don't you explain it clearly?" Cousin Bing complained instead.

Cousin Bing also likes to use minimalist characters, such as "九才" and "早夕". He also talked a lot with him, and the Chinese class ended unhappily. Kang Qirui felt that everyone should not waste time with cousin Bing like this, so he discussed with everyone to give cousin Bing a mock test to let him know his level.

The result is obvious, Cousin Bing scored 0 points in all the exams. When Cousin Bing was disappointed, Big Brother Guang encouraged him to go back to primary school. In this year, many farmers felt that their cultural level was not enough after washing their feet and going to the fields, so they all started to study from primary school again. There were many such people in the countryside. Cousin Bing thought about it and agreed, but he said he would come out to take the college entrance examination next year.

Facts have proved that my cousin Bing's enthusiasm for studying is only short-lived. After two days of classes in primary school, he started to complain about this and that. He played skipping school and came out of the Kang family again, saying that he would not go to university and wanted to learn a skill in Cantonese, where making money is the most practical.

In sharp contrast to his cousin Bing is Kang Qirui, who passed the doctoral examination of Professor Huang last year. This year, he has already met all the conditions for graduation and successfully defended his thesis, becoming a doctoral graduate at the age of 23. Even so, Kang Qirui is not the youngest doctoral graduate in their school. It can only be said that it is worthy of being the first-class in the country, with many talents.

To celebrate his successful doctoral degree, Kang Qirui planned to treat his family to a meal at a restaurant. But his cousin Bing said that he had just attended a pastry training course and finished the course early, so he wanted to show everyone Lanzhou ramen and report on his learning results.

"I tell you, I'm going to use my hands to stretch this ball of dough into hundreds of noodles as thin as hair." Cousin Bing, who was dressed neatly, pointed at the dough he had just kneaded and started blowing it before he even started.

The second brother didn't believe it, "That's too exaggerated."

"You can also use it as a rope for jumping." Cousin Bing said more and more exaggeratedly. However, when he just started to pull it, the noodles broke. Everyone laughed so hard that their mouths cramped.

"That's it?" Kang Qirui asked.

Cousin Bing failed in his performance, but he was not embarrassed at all. "Haha, this noodle is a little soft. How about this, I will make knife-cut noodles instead."

"You can even make knife-cut noodles?" The second brother expressed surprise.

"Of course, come with me to the kitchen and show you what I can do." Cousin Bing led everyone into the kitchen. While introducing the knife-cut noodles, he boiled water.

"To show how good I am, I cut it on my head."

"A Bing, forget it. It's dangerous to put it on your head." When my uncle saw that my cousin Bing was going to perform with his head, he quickly pulled him back. "It's okay, uncle. I tell you, I just want to open everyone's eyes and see what a stunt is."

Everyone looked at each other, thinking that Cousin Bing was exaggerating so much that they didn't know whether he was telling the truth or not.

"Zong, bring me a knife." Cousin Bing was holding the dough on his head. Er Lao carefully handed him a kitchen knife and reminded him: "It doesn't matter if you can't cut the dough, but don't cut your head."

"Don't worry, you don't have to worry about my ability at all." Cousin Bing was very confident. Kang Qirui thought to himself: I am worried because I know your character.

At this time, Cousin Bing felt that one knife was not enough, and said, "Bring another knife and open everyone's eyes. I'll show you how to cut noodles with two knives." Everyone looked at Cousin Bing in shock. Even Kang Qirui was really shocked this time. Cousin Bing was so confident, could he really do it?
Of course, Kang Qirui was overthinking. Cousin Bing missed the target with his first attempt, and the dough landed on the ground with his second attempt. The entire dough fell directly into the boiling water with his third attempt, and the splashing water hit Cousin Bing's face. "Ah, my face." Old Dou's mother quickly took him to see a doctor.

This time, Kang Qirui was really enlightened. This cousin Bing is a talent. He boasted so much that he believed it. This cousin Bing is definitely a sales talent. If he didn't look so shabby, he would definitely be the sales champion if he was put in a clothing store. What a pity.

Then it was the weekend again, and Kang Qirui took Sachiko on a business trip. They went to the headquarters of Metersbonwe. Having just taken over the agency rights in Guangdong and Guangxi, they naturally had to come to the dock to pay their respects. How could they deal with people in the future if they didn't even know them?
They returned to Guangzhou on Sunday afternoon. The two-day business trip was very fruitful. The Guangzhou branch headquarters holds a 60% stake, and coupled with the personal friendships they made this time, they will consider this side more in the future both in public and private matters. Sachiko will be under a lot less pressure and there won't be too many problems.

When Kang Qirui returned to Guangzhou, he heard from Zhu Wanling that his cousin Bing had gone back. This weekend he tinkered with fashion design and beauty salon, and made the hair of his nanny and sister-in-law Yumei a mess. He also caused a quarrel between his uncle and nanny, and they are still angry and have not even had dinner.

Kang Qirui went to the room of the old lady Dou and his wife to persuade them, but when he entered the room, no one answered and he left. The five brothers of the Kang family held a small meeting in the living room. "Have you noticed that the old lady Dou and her husband have been arguing a lot this year?" The second brother whispered, "Will there be any problems?"

"What could go wrong?" A Yao asked.

"It's about relationship issues." The second brother took out a newspaper from the coffee table and said, "This newspaper says that an 80-year-old man is keeping an 18-year-old girl."

"How is that possible, second brother. Don't talk nonsense. Dad is not that kind of person." Kang Qirui said unhappily.

"That's right, A Zong, don't talk nonsense. If the mother and the others hear it, they will quarrel again." The big boss analyzed the problem: "I think it's because my father retired this year, and the two of them have nothing to do at home. You look at me and I look at you. After a long time, you will get tired of it, and when you get tired of it, you will get annoyed, and when you are annoyed, you will quarrel."

Kang Qirui was a little surprised that such a wonderful thing was actually thought of by the boss, "Wow, boss, that's amazing."

"You're right, when we were kids, we often quarreled and fought at home during holidays." A-Zu also agreed with what the boss said and used himself as an example.

"How about this, find them something to do, then they won't quarrel anymore." Big Brother Guang suggested.

The second brother agreed immediately, "Well, this is a good idea. Let's ask them to play mahjong."

"Mahjong isn't a good idea. Wouldn't it be easier for them to quarrel? Besides, they are so old. If they win a big hand, they will be so excited that their blood vessels will burst." A Yao was against letting the two elders play mahjong.

"How about this, the five of us brothers pool together 10,000 yuan to help the two elders invest in stocks?" Big Brother Guang made another key suggestion. Since it concerned the two elders, Big Brother Guang suddenly became much smarter.

"Ten thousand yuan?" A-Zu felt sick after hearing this.

“Now the minimum amount required for opening a new account is this amount.” Big Brother Guang explained.

The second brother was already a stock trader, so he knew it best. "The eldest brother is right. Ten thousand yuan is not a lot. It is the minimum expenditure to enter the stock market. At least the two old guys should buy one share each."

"If ten thousand yuan is divided by five, then each person will get two thousand yuan, which is not much. I have no problem with it." A Yao was the first to express his opinion. When A Zu heard that they had started to pay, he looked even more unnatural.

"That's fine with me." Kang Qirui immediately expressed his opinion, then glanced at the eldest and second eldest brothers and said, "The eldest has worked in the second eldest brother's hardware store for so long, so the second eldest brother should pay as well as the eldest brother's share, just think of it as a bonus." The second eldest brother had no objection to hearing this, but the eldest disagreed.

"No, no, no, how can I be one? The old man belongs to everyone, you have to give him what you deserve." What Lao Guang meant was that everyone has a share in the old man, giving money is a way of showing filial piety, and you can't delegate it to others.

When everyone nodded in agreement, A-Zu wanted to run away first. "Hey, little brother, how are you?" The big brother caught A-Zu who was about to run away at a glance.

"Ahem, I really want to contribute to my mother, but you know I'm a poverty alleviation target." A Zu started to cry miserably. "Then what do you want to do?" Er Lao asked with a smile.

"How about this, if you see anything valuable on me, you can just sell it?" A-Zu said directly.

Da Lao Guang said with a look of contempt: "You poor guy, whatever little money you have, you give it all to the girls outside." Everyone laughed when they heard what Da Lao Guang said.

"Fourth brother, does your company make money? Otherwise, why don't you quit and come to work in our company?" Kang Qirui said that as A-Zu is a college graduate, there will be no problem for him to come to work in the company.

A Zu's eyes were bright at first, but they dimmed immediately and he said, "Forget it. Be it Third Sister-in-law, Zhang Yongfang, or even Second Brother and Second Sister-in-law, they are all workaholics. They work hard to make money. They are not suitable for me." A Zu was afraid of being too hard. In his current company, although Miss Tang was strict, Miss Tang liked A Zu, so A Zu was still very relaxed and free most of the time.

A'zu was unwilling, and Kang Qirui did not force him, "How about this, I'll pay you the two thousand yuan first, and you can pay me back slowly when you have money." A'zu was naturally overjoyed to hear that he didn't have to pay for it now, and kept thanking Kang Qirui.

Kang Qirui ignored him and said to everyone, "Speaking of stock trading, everyone can prepare some Hong Kong dollars recently. B shares will be fully open next month."

"Really?" The second brother immediately became excited.

"Yes, we didn't catch up when B shares were opened in February, but it was decided at that time that B shares would be fully opened from June 2st," Kang Qirui explained.

On February 2 this year, the China Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued a notice on domestic residents' individual investment in domestic listed foreign-invested stocks. According to the notice, B shares were officially open to domestic residents. However, in order to curb speculation, the notice also stipulated that before June 22, only foreign exchange deposits and foreign currency cash deposits that had been deposited in domestic commercial banks on February 6 (including February 1) were allowed, and foreign currency cash and other foreign exchange funds were not allowed; this restriction was lifted on June 2.

The second brother and A Yao were both speculating in stocks, especially A Yao, who had been speculating in currencies. They all had ways to get Hong Kong dollars, and they were very happy to hear this. Only the eldest brother didn't understand, "Why are you so happy? Is speculating in B shares very profitable?"

"Of course, A shares and B shares will be merged soon. The price of A shares will be four or five times higher than that of B shares, so buying B shares is like picking up money." Although A Zu has never traded stocks, he still knows a little about it.

Kang Qirui nodded and shook his head, saying, "When the market was first opened, there was an explosive surge in the supply of funds, and the price should have risen by the daily limit for several days in a row. However, after the price rises, many people will definitely sell their shares, and the trading volume will naturally plummet. So I think if you are trading B shares, you should liquidate them immediately when you see the price start to fall."

Er Lao and A Yao looked at each other and nodded. Of course, you have to listen to the experts when investing in stocks.

(End of this chapter)