Chen Rong: Earning More Than 1 Billion Capital Masters In 38 Days

In the early 1990s, when China's securities market was just beginning, many of the "people who dared to eat the first crab" were born, and Chen Rong, known as the "capital manipulator", is one of the more representative ones.

Today, Chen Rong is China's largest bowling equipment manufacturer, the largest owner of Shanghai Zhong Lu Group, holding 76.14% of the middle road group directly and holding 96.48% of the total.

Forbes magazine was selected as the eighty-ninth of the 100 richest people in mainland China, with a personal assets of about $90 million. 2002.

Chen Rong has a big pile on his head: the Standing Committee of the Shanghai Municipal Committee of CPPCC, vice president of Shanghai Federation of industry and commerce, vice president of Shanghai private enterprise association, vice chairman of China Bowling Association, etc., but whether it is self-report or media interview, Chen Rong's feeling is somewhat low-key and mysterious, but in Shanghai, especially in Shanghai stock market, Chen Rong always has "capital operation master".

From the first day of entering the stock market, Chen Rong became an indissoluble bond with the stock market.

Therefore, although some media call Chen Rong "the securities industry and the industrial circles", but the old stock speculator's view is that Chen Rong has never left the stock market.

Over the past 15 years, its capital has grown by an average annual growth rate of 100%.

Both macroeconomic regulation and the Asian financial crisis provide an even higher opportunity for them.

Chen Rong was born in a peasant family and worked as a worker.

In 1984, he set up a clothing workshop in his hometown by spending more than 2000 yuan in his own savings for 10 years.

In the summer of 1989, Chen Rong, who was only 31 years old, was a small businessman in Nanhui County of Shanghai, who came to Shanghai in the middle of 100 li with 120 thousand yuan.

Until December 19, 1990, the day before the opening of the Shanghai stock exchange, Chen Rong was holding treasury bonds and cash.

At that time, many old speculators including Yang million believed that the historic opportunity to make big money was over when the Shanghai Stock Exchange opened.

But Chen Rong thought it was just beginning.

Because he once read and impressed an article saying that it will take 20 years to regulate China's securities market, and in Hongkong and Taiwan, people who make big fortune mainly use two channels, one is real estate, the other two is stock.

So he started to devote himself to it without hesitation.

Chen Rong started to write his own stock market myths from Fenghuang stock, electric vacuum and Xiaofei.

When the stock market plummeted in 1992, Chen Rong lost half of his investment in a week, but then made up for it.

Even in the big bear market from February 1993 to July 1994, Chen Rong earned money.

When the stock market slumped in July 1994, it was well done by Chen Rong, who went into the market at the bottom of the stock market. In 38 days, he succeeded in turning $1 million 200 thousand into $12 million, earning more than 1 billion yuan.

Chen Rong's position in the Shanghai stock market has been established since then.

Chen Rong, who has been baptized by the stock market for several years, is now determined to find a low risk way to make money and hope to set up an industry.

In 1995, bowling became fashionable in China.

Chen Rong took the opportunity and set up the bowling alley, the first bowling alley in Asia, which was a favorite bowling equipment supplier in China.

Chen Rong is also becoming a shining star in the private sector.

During his visit to China, Chen Rong, chairman of Zhong Lu Industrial Group, had lunch with Clinton as one of the 12 entrepreneurs selected by the Shanghai municipal government.

When he was asked what message he had to the prominent entrepreneurs, Chen Rongqiang said, "the road is at your feet."

In this regard, Chen Rong's reputation in Shanghai is far from the stock market.

At this time, Chen Rong began to develop the middle road group into a diversified group.

At the end of 2000, Chen Rong bought the 13 storeyed floor of Shanghai Stock Exchange Building and set up Shanghai Zhong Lu Investment Co., Ltd. (now renamed Shanghai corse Investment Co., Ltd.), with 300 million capital.

In addition to a series of buzzwords such as property rights pactions, mergers and acquisitions, asset restructuring and so on, stock speculation is also one of the main businesses.

After that, he successively established Shanghai Zhong Lu permanent Limited by Share Ltd, Shanghai Zhong Lu Industrial Co., Ltd., Shanghai Zhong Lu Medical Technology Co., Ltd., Shanghai Zhong Lu Business Management Consulting Co., Ltd. and Shanghai Zhong Lu Jiyu Sports Agency Co., Ltd.

In addition, Chen Rong also worked with famous director Xie Jin to set up Shanghai road film and Television Limited and Shanghai road film and television art school, initially hoping to turn it into China's largest film and television enterprise.

However, because the Middle Road Group has made money in the first place, the scripts are all TV shows which are full of Hong Kong and Taiwan, which eventually lead to dissolution.

In the capital market, Chen Rong is still waiting for the opportunity.

It has participated in Shanghai jiron biological engineering Limited by Share Ltd, Datong securities Limited by Share Ltd, Shanghai Pujiang cable Limited by Share Ltd, Shanghai seagull digital image Limited by Share Ltd and Shanghai Heron seafood seafood restaurant Co., Ltd.

However, in all the capital operation, the most widely known was in July 2001, the middle road group bought 143 million 640 thousand shares of PT permanent shares held by Shanghai light industry at 10 million floor price, and became the actual controlling party of the listed company by 54.07% stake.

At that time, PT was always regarded as an old state-owned enterprise of walking bicycle industry, which has long been listed as "Shanghai restructuring No. 1" enterprise.

More than 20 major groups have been contacted, and nothing has happened.

In 1998, the China Daily began its first loss, and then became more defeated than ever before. In 1999, the loss reached 350 million yuan, wearing ST's hat and becoming the first enterprise in Shanghai to take part in the street parade.

2000 annual report again reported losses, PT said it is doomed.

It was suspended from listing in May 2000.

Therefore, the emergence of Chen Rong and Zhong Lu Group will be a great success for PT forever.

However, it is interesting to note that at the end of May 2002, less than a year after Chen Rong's accession to ST, Chen Rong chose "invisibility".

At the permanent shareholders' meeting, Chen Rong resigned from the permanent board of directors, according to himself: "I am an investor, not an operator.

I want to introduce a good management team to run the permanent company well.

I only operate as an investor regardless of the specific operation. "