My 1999

With money in his pocket, Old Tang could no longer suppress his ambition to "become bigger and stronger and create more glory".

After returning to his hometown to call friends and friends, he brought his eldest brother Tang Wanli, second brother Tang Wanping, and third brother Tang Wanchuan together to register and establish the predecessor of Delong Group - 'XJ Delong Industrial Company'.

In the same year, that is, 1992, the Hainan real estate market was in full swing and popular across the country.

Old Tang was also jealous.

The first thing Delong did after its establishment was to take out 5 million and register and establish the Urumqi Delong Real Estate Development Company.

Develop the real estate industry in Urumqi.

However, after building several communities and accumulating certain experience, when Old Tang was ready to show his skills in the real estate industry, the fanatical Hainan real estate collapsed.

Overnight, the national real estate industry entered a low ebb.

Old Tang was not stubborn.

He quickly retracted his tentacles, turned around, and took his brothers to acquire a large number of state-owned enterprise stocks in the northwestern provinces such as Xiyu and Shaanxi.

After getting the stocks, they either immediately look for the next buyer to resell them.

Or they hold them and wait for the company to go public, then cash out and leave.

After a few transactions, Tang Wanxin and his people became rich overnight.

Just by repurchasing the corporate shares of "Northwest Bearing", they made a net profit of 30 million.

If stock reselling gave Old Tang a glimpse of the capital market.

Then, his trial in the treasury bond market allowed Delong, a giant beast, to complete the original accumulation in the true sense.

Since the early 1990s, the Ministry of Finance has introduced a policy of treasury bond purchase and underwriting. In many years, most treasury bonds were underwritten by dozens of securities intermediaries.

After years of accumulation, an unofficial treasury bond circulation market has gradually formed, and the Wuchang treasury bond over-the-counter exchange was the largest and most active platform in China at that time.

In 1994, Old Tang raised 300 million yuan from Nanhai Huayin International Trust and Huaxia Rural Development Trust through treasury bond repurchase.

This money laid the foundation for Delong's subsequent development.

Just like how Old Tang expanded restlessly after earning millions of dollars from color photo printing business in 1986.

After Delong earned hundreds of millions of dollars from the stock market, Old Tang's restless heart was stirred again.

After the failures in his early years, he has become much more cautious now.

And he jumped out of the Western Regions and came to Beijing to look for business opportunities.

As an old hunter who has been in the business world for many years, Old Tang has a natural keenness for making money.

Soon he found that young people in the city would call their friends to go to a place called "disco" at night.

Old Tang followed him in and took a look at the men and women twisting excitedly under the exciting music, as well as the expensive drinks and alcohol. His natural business instinct made him understand instantly.

This thing can make a lot of money.

Strong execution has always been his advantage.

Soon, Old Tang opened the first disco in Xinjiekou, Beijing - JJ Disco.

Old Tang has always done things differently from others.

He looked down on those stereotyped small disco halls that can only accommodate dozens or hundreds of people.

If you want to play, play big.

He thought so and did so.

The final result proved that he succeeded!

The JJ disco, which covers an area of ​​nearly 2,000 square meters and can accommodate thousands of people at the same time, soon became a holy place for young men and women in Beijing.

The crazy influx of young men and women made Lao Tang feel the pleasure of making money in Beijing for the first time.

In the first year, JJ disco earned Lao Tang nearly 30 million cash flow.

Many large factories can't make so much money in a year.

Unfortunately, Lao Tang, a big scum, soon fell in love with someone else after enjoying it in the "disco".

The agriculture and animal husbandry in the Western Regions became a favorite.

In 1994, Delong Agriculture and Animal Husbandry Company was established with a registered capital of 100 million yuan.

In the following years, they invested more than 200 million Chinese yuan, built 4 large modern farms in various parts of the Western Regions, and developed 100,000 acres of land.

On this 100,000 mu of land, Delong used the Austrian government loan to purchase more than 15 million US dollars of various agricultural machinery and equipment, and successfully planted wheat, oilseeds, tomatoes and other crops.

This laid a solid foundation for Tunhe's later entry into agriculture and animal husbandry.

In fact, whether it is JJ Disco or Delong Agriculture and Animal Husbandry, they are all Lao Tang's idle sons.

At this time, Delong's business center is still the financial market where money comes quickly.

Whether it is the primary market (issuance market);

or the primary and semi-primary market (private trading of stocks or equity certificates that have not yet been listed on the exchange, and internal employee shares of listed companies that are listed and traded).

As long as you can make money, do it boldly.

With more and more money in hand, Delong's ambition is getting bigger and bigger.

In 1995, Xiyu Delong International Business Corporation was established with a registered capital of 200 million.

In the same year, a North American liaison office was established to expand overseas business.

From this, we can also see Lao Tang's ambition.

He naturally has a stronger strategic layout ability than ordinary people.

After four years of development, Delong has become a well-known big player in the stock market, and his wild ways are well-known in the world.

Whether buying or selling stocks, they were aggressive. As long as there was a rumor that Delong was going to buy or sell some stocks, the big investors in the stock market would quickly follow up.

It seemed that it had already become a "famous bank of the generation".

In 1996, the central bank issued an announcement to stop new value-preserving savings business.

The higher authorities also proposed the policy of "steady development and appropriate acceleration".

Against this backdrop, Shanghai and Shenzhen were all in the green.

But Old Tang, an old hunter who had been in the business world for ten years, smelled the smell of "change".

He decisively ordered that all the stocks and bonds in Delong's hands be sold out.

Sure enough.

After October, the higher authorities issued "12 gold medals" in succession, determined to rectify the stock market.

When the news spread, Shanghai and Shenzhen were a bright green.

A word echoed throughout the country.

Sell.

From this moment on, Huaxia opened the eight-year bear market in the A-share market.

Because Delong retreated quickly, there was almost no loss.

It was also because of Old Tang's operation this time that Delong won universal praise.

It laid the foundation for their later maneuvers in the financial market.

Because of the retreat of the stock market, Delong had to turn its attention to industry.

At that time, because of the gap between the East and the West in business and technology, both the political and business circles generally liked to go abroad for inspection.

Delong is no exception.

After a round of inspection with his brothers, Lao Tang came to the conclusion:

For China, the industry with the most advantages and opportunities is still the traditional industry, that is, manufacturing.

First, China's labor force is cheap.

Second, after the technical transformation of the 'Seventh Five-Year Plan', 'Eighth Five-Year Plan' and 'Ninth Five-Year Plan', it has a high level of technology.

On the one hand, it has production capacity, and on the other hand, it faces the global market. This is a historic opportunity for China.

Once you have a conclusion, you must act.

But where to work hard is a problem.

It happened that at this time, Lao Tang met his benefactor.

He was He Guipin, the chairman of Tunhe in Xiyu at that time.

Lao He was the director of Tunhe Cement Factory, a local state-owned enterprise in Changji Prefecture, Xiyu in the early days. He had rich personal connections in the local area.

And he was 27 years older than Tang Wanxin. On one side was a young man who had just started his career, and on the other side was a local boss who was strategizing.

The relationship between the two is really a bit like Gao Qiqiang and Taishu in the Storm.

It is rumored that Tang Wanxin privately calls He Guipin "old man".

With this relationship, Delong's attention naturally shifted to Xiyu Tunhe.

Coincidentally.

In 1996, Xiyu Tunhe was successfully listed on the Shanghai Stock Exchange.

If it is to run a business, Delong is really not good.

But when it comes to the stock market, Old Tang has it all.

Three months later, Delong acquired 7.13 million corporate shares of Xiyu Tunhe at a low price of 2.51/share, while the closing price at that time was as high as 13.35.

All in all, it is equivalent to He Guipin giving Tang Wanxin's acquisition plan a 1.88 discount.

This is no longer a broken bone, this is a complete break in the head.

It is completely the treatment of a biological son.

After obtaining the equity, Delong's shareholding ratio reached 10.185%, becoming the actual third largest shareholder of Xiyu Tunhe.

In order to cover up and quell the rumors caused by the low-price acquisition of Xiyu Tunhe's equity.

Old Tang diluted his direct shareholding in Xiyu Tunhe to 7.36% through allotment and agreement transfer.

But secretly he continued to increase his holdings in Tunhe Group, the largest shareholder of Xiyu Tunhe, and took 90% of the shares.

After the equity penetration, he held 21% of the shares of Xiyu Tunhe, completely controlling the company's voice.

In the following two years, he followed suit and completed the mergers and acquisitions of Shenyang Alloy and Xiang Torch.

The three old shares are all alive.

As the company grew bigger, there were more differences.

The biggest disagreement within Delong was the disagreement on the company's development strategy.

The eldest brother Tang Wanli believed that Delong should focus on industry and finance as a supplement.

Tang Wanxin, on the other hand, focused on finance and industry as a supplement.

Within Delong, they were jokingly called the "Tang Da Line" and the "Tang Si Line".

But the development of industry takes time, and it is far less profitable than the financial market.

In addition, Tang Da stayed in Beijing to coordinate the relationship between Delong and the government, away from Delong's base in the Magic City.

Therefore, gradually, the entire Delong Group has embarked on a financial-based strategy led by Tang Wanxin.

First, develop industrial assets and release good news to raise stock prices;

Second, be a banker in the stock market, buy low and sell high to reap profits.

When the three old stocks were almost harvested, they acquired Chongqing Industrial, Zhongyan Shares and Tianshan Shares to continue harvesting profits.

At its peak, Delong had 24,705 shareholder accounts, making it the world's largest banker.

But without the support of industry, it will not last long.

If you walk too much at night, you will always encounter ghosts.

Delong finally played himself to death.

"A gambler who soberly creates crises, a madman who dreams of turning volcanoes into gold mines."

Xu Liang silently recited the final summary of Tang Wanxin by Caijing magazine, feeling a little melancholy.

Tang Wanxin and his Delong are almost another version of him and Hongyan.

They span finance and industry, and multiple industries.