Who is Yang Baiwan, a gangster in Xinglin, Xiamen?

On the evening of June 14, the client of Xinhua News Agency reported that Yang Huaiding, known as "Yang Baiwan" and "the first person to invest in China", passed away at the age of 7 1. The legend of "Yang Baiwan" in the history of new China securities came to an end.

A few months ago, Yang Huaiding, who suffered from diabetes for a long time, was admitted to hospital for emergency treatment due to complications and died in the early morning of June 13. "He said before his death that he had a wonderful life and didn't want to disturb everyone when he left." His son Yang Yuqi said in an interview that as a junior, he also hoped to follow his father's wishes and let him leave quietly.

A hero is known in the time of misfortune. The capital market has been created many times in the past 30 years. Yang Baiwan is one of them. From a little-known warehouse keeper to a super-large household in the A-share market. Yang Baiwan is regarded as one of the most striking legends in China stock market. In the late 1980 s, he made a fortune by buying and selling government bonds, and later moved to A shares to become a "stock god". He is known as the first retail investor in China, and has experienced all the joys and sorrows of the first generation of investors after the reform and opening up.

Image source: video interview screenshot

Known as "the first person to invest in China"

Yang Huaiding was born in 1950. My ancestral home is Zhenjiang, Jiangsu. He used to be an employee of Shanghai Ferroalloy Factory. 1in the spring of 1988, the transfer of national debt began to be piloted in seven cities, and gradually increased to 6 1 city, and there was also a price difference in different places. He got the "first bucket of gold" in his life by buying and selling national debt. Since then, Yang Huaiding has become the first batch of large-scale securities investors in Shanghai, and he is a hot figure in the stock market. He was called "Yang Baiwan" and even called "the first stockholder in China" by some media because he made more than one million profits in stock trading. According to china securities journal, he calls himself "the leader of the retail trade union".

As the earliest witness, practitioner and witness in China's securities market, "Yang Baiwan" has many firsts in the securities market: the first individual engaged in the off-site transaction of bulk treasury bills, the first individual who consulted the People's Bank of China for securities, the first individual who hired bodyguards from securities companies, the first individual who actively consulted the tax authorities for tax policy, the first individual who hired a private lawyer, and the first individual.