It is said to be recharged, but Chen Yuanming's heart is not as calm as the surface. After returning home, he opened all the windows in the living room and let the cold wind blow into the room, while he sat quietly on the sofa and began to close his eyes to sort out those chaotic thoughts.
What kind of mystery is hidden behind this incident that led to the permanent closure of the treasury bond futures market? The backstage of China Economic Development is the Ministry of Finance. This sentence has already defined the beginning and end of the entire 327 national debt incident.
According to the inherent nature of treasury bond futures, it should be a gilt-edge bond with extremely low risk, which is issued by the government to guarantee the repayment of principal and interest. A value that is clear and clear, and there is no floating space. However, due to the huge inflation in China in the early 1990s, at the end of 1993, the Ministry of Finance announced the decision to give treasury bills with reference to the central bank's value preservation subsidy rate to ensure that buyers would not suffer losses due to the devaluation of the renminbi.
Regardless of the original intention of this policy, the introduction of the value-preserving subsidy program immediately cast an attractive veil on the transparent government bond futures market. Changes in the value-preserving subsidy rate mean a change in the par price. With the par price changing, it is feasible to go short and long in the futures market. In addition, in 1994, the value-preserving subsidy rate began to change from month to month, which increases the room for imagination. Stir fry is possible. The stock market was sluggish and other bulk futures were closed one after another, and hot money began to blindly break into the treasury bond futures market, triggering a chain reaction in an instant.
If the Chinese securities market at this time is an orderly market with good order and strict supervision, then the hidden dangers brought by such changes may not be large. But the fact is just the opposite. The various parties represented by the China Economic Development Corporation have adopted bribes of officials of the Ministry of Finance, instigated interest discounts, and manipulated j□j, and even violated the national conditions and directly contributed to the birth of good news.
The short-selling Wanguo Securities refers to the forecast of the market, but his operation also violated normal futures trading. Not only did the number of futures ports held far exceed the national regulations, but he also overdrafted on the day of the incident and sold far. A hundred times more than the actual number of singles, the entire futures market was turned upside down in an instant.
As for Liao Guofa, who was short behind Wanguo and temporarily went long against the water, he was a despicable and shameless private speculator who rose from his position and maliciously borrowed and financed, and the amount involved reached tens of billions. Until the last 327 cases, the people involved fled, leaving behind a debt of as much as 1.6 billion, causing losses to many institutions and individuals.
A smashing business, winning and losing 7 billion yuan, the final result is that Wanguo collapsed, the director of Liao Guofa fled, and even the real winner, Jingkai, only had an extra 100 million yuan on the book after this battle. In the end, the person in charge was stabbed on the streets of Beijing, and finally disappeared.
Financial derivative futures are supposed to be close to a zero-sum game, which means that no matter how much someone loses, someone should win the corresponding amount of money. But what about the outcome of this big gamble
In the past life, one after another interpretation, paragraph after interview, carefully read, may be filled with righteous indignation at first, but in the end it can only be shocking, is a sad smile. So in this life, he never wanted to go to this muddy water. The situation is too big, and it is not a problem that can be solved by himself. But things were so wrong, those people not only didn't leave their sight, but maliciously wanted to drag him into this quagmire.
Shock followed by anger, and after anger? Silently opened his eyes, Chen Yuanming looked at the dark room in front of him. At present, the traffic in the Asian Games Village is not developed, and there are not many annexes around. Looking down from a height, everything is silent and the lights are dim, as if he is not Beijing, the imperial capital, is the same as any leisure resort in later generations. A slight smile appeared on his lips, yes, after the anger, the only thing left is the same as the cold wind in November, which is clear and cold, but calm.
After all kinds of deliberation and repeated speculation, in the face of such a situation, the final sentence is still the same: it is not a problem that can be solved by oneself, and it is not even like the protection of VCD patent rights. A win-win situation between the two to imperceptibly. This is a real upper-level war, and only by relying on the upper-level to slowly clarify this pool of sewage, regulate the market, regulate the law, and finally embark on a virtuous circle.
So what can he do by himself
Trying to get rid of Zhongjingkai? Fighting with the Ministry of Finance at the risk of the world? Righteousness to save Wanguo Securities from fire and water? Not really, nor should it be. No rational investor would put their capital on a stable losing business, and there are some abscesses. If they don't let it break out, they will attack the heart and kill people.
So, fundamentally speaking, what he wants to do is not a savior, nor can he become a scavenger. Longtan and tigers must be broken into, but not for the sake of fighting against the dragons and tigers, but to do his best to kill them. Look away from the good, sweeping away the leeches and blood-sucking mosquitoes that hide in the shadows.
Use a tough technique to apply a slow needle.
Slowly, Chen Yuanming's eyes lit up, the cold wind blowing outside the window, the solitary lamp flickering in the distance, and the darkness in the house seemed to be moving away from him. The fingers tapped the sofa rhythmically, an idea slowly condensed in the bottom of my heart, and it took shape little by little. Is it feasible? Maybe, maybe not, but he always had to try it.
Standing up from the sofa, Chen Yuanming walked to the study next door. Since he has a fixed home, the newspapers he has accumulated over the years, the various periodicals he subscribes to, and the materials and books in Chinese and English finally have a place to put them. Standing in front of the wall-high bookcase, he pulled out a hardcover notebook and two magazines from the stack. Gently brushing the cover with his fingertips, he sighed, what he couldn't accomplish in his last life, let's do it all over again.
Turning on the lamp on the desk and flattening the notebook with dense content, Chen Yuanming started to write slowly. What he wrote was a paper on the US bond market this year, and the situation of US bonds in 1994, why not The precursor and microcosm of the Chinese mainland.
In order to curb inflation, the Federal Reserve raised interest rates by 0.25%, the bond markets in Europe and the United States collapsed, and trillions of assets were wiped out. In the near future, China will announce a 5% interest rate hike on treasury bills... This kind of subsidy is indeed a good thing for curbing inflation, but what about the secondary market of futures
I haven't written a thesis for a long time, so my writing should be unfamiliar and I can't say a sentence, but Chen Yuanming wrote it surprisingly smoothly. Before he knew it, he finally crossed the barrier that separated mediocrity and genius, and began to digest the extra knowledge in his body, and understand the deep meaning of the words...
It only took two days to complete a first draft. After a long sigh of relief, Chen Yuanming rubbed his sour eyes and looked at the phone beside him. Now the first bullet has been shot, but he can't fight alone like this. In such a war, there must be some allies.
However, after counting his relationship list, the wheel still went back to that name in the end.
Xiao Yun. In other words, the Xiao family.
Although it has long since emerged from the mud pit of stocks and securities and turned to an industry that truly benefits the country and the people, the Xiao family really should have some connections in the financial and financial systems, otherwise Xiao Yun would not have obtained it. The news that the subscription certificate will be hot, it is impossible to spend all the money to hype this new thing.
Therefore, no matter where this line can go, he should make good contact with it and use it for his own use. It must be known that his relationship with the Xiao family is by no means what the little people guessed. From the very beginning, he and the Xiao family have been a mutually beneficial and win-win cooperation model, but at first they relied on bluffing, and later they made real wealth, and when his VCD empire was established, he has slowly walked out of the other side. The shadow of , began to demarcate his sphere of influence.
In the future, when his Touchstone company really develops and grows, what he has will be a huge network of relationships, an interest group covering many levels and many characters. At that time, not to mention the Xiao family, even some people with bad intentions would not be able to easily touch him, because the net of interests involved too much. This is the miracle of the win-win rule. Although money is not a panacea, in many cases, in many places, it is a good enough thing.
And now, let him use the interests to open up new paths and use the money to get through the magic.
He dialed a number, and after a while, a familiar voice came from the receiver.
"Why did you remember to call me today?" Xiao Yun's voice was full of high spirits, "I heard from Xiao Yi that we are going to open up the Beijing market?"
"I didn't expect this..." Chen Yuanming was stunned for a moment, and then he laughed, yes, it's about time, when PHS develops to a certain scale, they don't need to come to ask for help, but others need to come to ask him. "It's good news, but I'm not looking for you today for this."
"Oh? That's another way to make a fortune?" Chen Yuanming is a typical kid who goes to the Three Treasures Palace without incident. Now it's too rare to take the initiative to make phone calls, and Xiao Yun can't help but feel a little curious.
"It can be said to be wealth, and it can also be said to be right and wrong, it depends on how to deal with it." Although what he said was cloudy, but Chen Yuanming's voice was unexpectedly firm, "I have encountered something here recently. A car accident happened…”
A brief description of what happened recently, without rendering or exaggeration, or even anger. However, Xiao Yun became more and more silent until Chen Yuanming finished speaking, before he snorted coldly.
"These bastards are so brave!" A neat scolding came from the microphone, "Guo Xie is nothing but a deputy director, that Jiang Tao is probably not as good as Guo Xie's troops, how dare he Playing such a low-end trick, is the dog's eyes long and buttocks?! Tell me, how do you want to fix them!"
"It's not like this..." Chen Yuanming laughed, "What I want to do is not to get rid of one or two deputy directors, or kill their lackeys, but to focus on some ideas of the serious business and the financial department, some related to Something about the overall situation of China’s securities development…”
Listening quietly to Chen Yuanming's remarks, the phone gradually disappeared. After a long time, Xiao Yun gave a wry smile, "Yuanming, don't you think so..."
This idea is too unique and too rare, but it is just a few worms. Do you need to pull it to the beam and rebuild the building? However, the things in Chen Yuanming's voice were too serious, and Xiao Yun couldn't help but have some doubts. After thinking for a long time, he finally sighed, "So, do you want to take the upper-level route? If so, you should change to someone who understands this better. I really don't know anything about finance, and I can't help you much. ."
Chen Yuanming didn't answer, because Xiao Yun didn't finish speaking, he didn't understand, so someone should understand.
As expected, Xiao Yun just paused, then continued, "As for the candidate... Hehe~~ You should have seen that kid Jun Yi recently, go find him, he can show you that Xiao. People who really understand."
"What?" Chen Yuanming couldn't help but stunned, Xiao Junyi? Has this kid never shown any interest in stocks or securities
"Hehe." The voice on the phone was a little smug, "Because that kid's mother, my sister-in-law is the one who really understands politics and economy the most in the Xiao family."
The author has something to say: write a dead nest QAQ and then proofread it tomorrow...
It means that some of the content about futures at this stage is probably unfamiliar to many people. Cough~~ I understand it too well. After reading the data of the mother, I deeply feel that the tragedies of early death and early death happened together! ! ! !
The details are not clear. Anyway, it is good to know the two concepts of "long" and "short". In fact, it is a prediction of the spot price. Going long means predicting that the price will rise, and going short means predicting that the price will fall. Similarly, futures have a margin system. For example, if the margin is 5%, the actual 100 yuan thing can enter the transaction at 5 yuan, and the profit is indeed the actual rise and fall, so if you win, you can make double the money. Well, it's probably like this anyway QAQ
Regarding the 327 national debt, the information is too complicated, there are both positive and negative, and the nest is taken from both... →_→ If you are interested in the specific situation, you can Baidu, but the text should not be bold XD