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According to Daily Economic News, a case in Tiantai County, Taizhou City, Zhejiang Province, China, drew online discussion among Chinese netizens in late 2022.
In September 2008, a farmer surnamed Tran brought 10,000 yuan (about more than 35 million dong) to the Zheshang Securities branch to open an account. He used the entire amount to buy a share in a consumer goods sector company. Because his work required travel and frequent changes to his phone number, he gradually forgot about the investment.
The situation came to light at the end of 2022, when the China Securities Regulatory Commission asked securities firms to review customer identification information. System checks helped the branch’s client manager identify an account that had been placed in a “sleep” state due to the owner not updating ID information for many years.
With the old phone number unreachable, securities staff traveled to Tran’s village. After several rounds of discussions with the village head and relatives, they obtained updated contact information to reach the client.
When Tran received the call informing him that he owned a large asset, he initially suspected it might be a scam. After some time, he went to the trading counter with his ID to verify the information. Once the system was restored, he was astonished by the figures on the screen.
Over more than 15 years, the initial 10,000 yuan had grown to 500,000 yuan (about 1.75 billion dong), reflecting compounding effects and the company’s growth.
Tran’s 50-fold increase made him overjoyed. After calming down, he made a surprising decision: instead of selling to realize the gains, he chose to keep the account open to hold the stock.
After local media reported the story, it quickly rose to the top of trending searches on Weibo. Many investors expressed envy, while some comments used humor to suggest that the “secret” of value investing is buying good businesses and then “losing your password on purpose.”
(According to Daily Economic News)
