Yang Huaiding, known as "Yang Baiwan" and "the first investor in China", was an employee of Shanghai Ferroalloy Factory. 1988 became famous by buying and selling treasury bills ignored by the market, and then became the first batch of large securities investors in Shanghai. He is a hot figure in the stock market. At that time, only Yang Baiwan was still active in the stock market. Yang Baiwan has the unique shrewdness and financial consciousness of Jiangsu, Zhejiang and Shanghai people, which makes him an indispensable figure in the history of China securities. Later, his story was widely reported by the media all over the world, including Time magazine and Newsweek. And in 1998, it was rated as "the man of the hour in China in 20 years of reform and opening up" by CCTV. "As early as the 1980s, New China gradually opened its securities trading. 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. On April 2 1 this year, that is, the first day of public trading of treasury bills, Yang Huaiding scraped together 20,000 yuan and won the "first bucket of gold"-800 yuan. " 1 As the earliest participant, practitioner and witness in China's securities market, Yang Baiwan has a number of firsts in the securities market: the first individual engaged in long-distance trading of large 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, the first individual who filed a lawsuit with a securities company, and the first individual.