Investment Life

It is said to be rejuvenating energy, but Chen Yuanming's heart is not as calm as it appears on the surface.After returning home, he opened all the windows in the living room, allowing the cold wind to blow into the room, while he sat quietly on the sofa, closing his eyes and sorting out those chaotic thoughts.

What kind of mystery is hidden behind this incident that led to the permanent closure of the government bond futures market?The backstage of CEEC 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-edged bond with extremely low risk, issued by the government to guarantee the repayment of principal and interest. The current three-year treasury bond has a coupon rate of 9.5%, and the payment of principal and interest in three years is 3 yuan. A clear value, there is no room for floating.However, due to the huge inflation in China in the early 128.5s, the Ministry of Finance announced at the end of 90 that treasury bills would be subsidized by reference to the central bank’s value-preservation subsidy rate to ensure that buyers would not suffer losses due to the depreciation of the renminbi.

Regardless of the original intention of this policy, as soon as the value preservation subsidy plan was introduced, it immediately cast an attractive veil on the transparent treasury bond futures market.A change in the value-preservation subsidy rate means a change in the face price. When the face price changes, it is feasible to go short and long in the futures market. In addition, the value-preservation subsidy rate began to change monthly in 1994, which increased the imagination. Stir-fry is possible.The stock market was depressed, 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 about by this change may not be great.But the fact is just the opposite. The various parties represented by the China Economic Development Corporation have bribed officials of the Ministry of Finance, encouraged interest discounts, manipulated insider information, and even violated the national conditions to directly promote the birth of benefits.

Although the short-selling Wanguo Securities was based on market forecasts, his operation also violated the normal futures trading. Not only did the number of futures contracts he held far exceed the national regulations, but he also had a huge overdraft on the day of the incident. The number of single orders that exceeded the actual number by a hundred times turned the entire futures market upside down in an instant.

As for Liao Guofa, who shorted after Wan Guo and temporarily went long, he was even a despicable and shameless private speculator.After the incident of the 327 case, the people involved in the case fled, leaving behind a debt of 16 billion, which caused losses to many institutions and individuals.

A huge deal, 70 billion yuan won or lost, the final result is that Wanguo collapsed, Liao Guofa's director fled, and even the real winner, China Economic Development Corporation, only had an extra 1 million yuan on the books after the battle. In the end, the person in charge of the incident was stabbed on the streets of Beijing, and finally disappeared.

Financial derivatives are supposed to be a zero-sum game. Zero-sum means that someone should win as much as someone loses.But the outcome of this gamble?

In the previous life, after reading each piece of interpretation and interview section after section, you may be filled with righteous indignation at first, but in the end it can only be shocking and a sad smile.So in this life, he never thought of going into this muddy water at all. The situation was too big to be solved by himself.But things went wrong like this. Instead of leaving their sight, those people wanted to drag him into this quagmire full of malice.

After shock comes anger, and after anger?Silently opened his eyes, Chen Yuanming looked at the dark room in front of him. The traffic in the Asian Games Village is not well-developed at present, and there are not many ancillary buildings around. The imperial capital of Beijing is the same as any leisure resort in later generations.There was a slight smile on his lips, yes, after being angry, the only thing left was the clear and cold calm like the cold wind in November.

After deliberating and pondering over and over again, in the face of such a situation, the last sentence is still the same: it is not a problem that can be solved by one's own efforts, and it is not even like protecting VCD patent rights. It can be solved by public opinion, people's hearts, and enterprises. The win-win between the subtle influences.This is a real upper-level war, and only by relying on the upper-level to gradually clarify this pool of sewage, supervise the market, regulate the law, and finally embark on a virtuous circle.

So, what can he do by himself?

Single-handedly pick out Zhongjingkai?Risking the world's displeasure with the Ministry of Finance?Zheng Yi took action to save Wanguo Securities from the fire?Actually neither, nor should it be.No rational investor would put all his money on a business that is sure to lose, and there are some abscesses. If they don't let them burst, they will attack people's hearts with poison and kill people.

Therefore, fundamentally speaking, what he wants to do is not a savior, nor can he become a scavenger. He must break through the dragon's den and tiger's lair, but it is not to fight the dragons and tigers to the death, but to do his best to save them. Take your eyes off those good people, and clean and remove those leeches and blood-sucking mosquitoes hiding in the shadows.

With a strong approach, apply a slow needle.

Slowly, Chen Yuanming's eyes lit up, the cold wind blowing outside the window, the lonely light flickering in the distance, and the darkness inside the house seemed to be moving away from him.Fingers tapped the sofa rhythmically, an idea slowly condensed in the bottom of my heart, gradually taking shape, is it feasible?Maybe it works, maybe it doesn't work, but he has to try.

Standing up from the sofa, Chen Yuanming strolled towards the study next door.Since he got a permanent home, the newspapers he has accumulated over the years, various periodicals he subscribed to, as well as materials and books in Chinese and English finally have a place to put them.Standing in front of a bookcase that was as high as the entire wall, he pulled out a hardcover notebook and two magazines from the pile of books.Gently brushing the cover with his fingertips, he sighed, what he couldn't finish in his previous life, let's do it all over again now.

Turning on the desk lamp on the desk, and flattening the densely packed notebook, Chen Yuanming began to write slowly. What he wrote was a paper on the US bond market this year, and the US bond situation in 1994. The precursor and microcosm of the mainland China.

In order to curb inflation, the Federal Reserve raised interest rates by 0.25%, and the bond markets of Europe and the United States collapsed, and trillions of assets were wiped out.And China in the near future 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 for futures?

It's been a long time since I wrote a thesis, so the writing should be rusty and the words can't form a sentence, but Chen Yuanming wrote surprisingly smoothly. The materials of later generations and the personal experience of this life seem to gradually merge into one, pouring down the barrel of the pen.Unknowingly, he finally crossed the barrier between mediocrity and genius, began to truly digest the extra knowledge in his body, and understood the deep meaning of the words...

It took only two days to write a first draft.With a long sigh of relief, Chen Yuanming rubbed his sore eyes and looked at the phone beside him.Now that the first bullet is ready, he can't fight alone like this. In such a war, there must be some allies.

However, after counting his list of relationships, the wheel still circled back to that name in the end.

Xiao Yun.In other words, the Xiao family.

Although he has long since emerged from the muddy 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 gotten The news that subscription certificates are going to be hot, it is impossible to spend all their wealth to hype this new thing.

Therefore, no matter where this line goes, he should have a good touch and use it for his own use.Unlike those maggots and hyenas guessed, his relationship with the Xiao family has never been that of a military adviser's abandoned son, or a servant.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 bluffs, and later they made real wealth, and when his VCD empire was established, he has slowly walked away from each other. The shadow began to delineate its own sphere of influence.

In the future, when his Golden Stone company really develops and grows, what he will have will be a huge network of relationships, an interest group covering many levels and many people.At that time, not to mention the Xiao family, even some powerful forces with malicious intentions will not be able to touch him easily, because the network of interests is too involved, and it will affect the overall situation.This is the miracle brought about by the win-win law.Although money is not everything, but in many cases, in many places, it is a good enough thing.

But now, let him use the benefits to open up a new path, and use the money to get a god.

Dial a number at random, and after a while, a familiar voice came from the receiver.

"Why did you remember to call me today?" Xiao Yun's voice was high-spirited enough, "I heard from Xiaoyi that our PHS is going to open up the Beijing market?"

"I didn't expect this..." Chen Yuanming was taken aback for a moment, and then laughed, yes, it's about time, the network in the three eastern provinces has been laid, and it's time to roll it out to the whole country.When PHS develops to a certain scale, it will not be necessary for them to come to ask for help, but for others to come to ask for him. "It's good news, but I really didn't come to you for this today."

"Oh? Is there any new way to get rich?" Chen Yuanming is a typical kid who never goes to the Three Treasures Hall for nothing. Now it is too rare to take the initiative to make a phone call, so Xiao Yun couldn't help feeling a little curious.

"It can be said to be wealth, or it can be right or wrong, it depends on how to deal with it." Although the words were cloudy, Chen Yuanming's voice was unexpectedly firm, "I have encountered something recently. There was a car accident..."

A simple description of what happened recently, without exaggeration or exaggeration, not even anger.However, Xiao Yun became more and more silent as he listened, until Chen Yuanming finished speaking, and then he snorted coldly.

"This group of bastards are so brave!" A sharp and sharp curse came from the microphone, "What kind of thing is the Guo Department? Playing such a low-end trick, did the dog’s eyes grow on the butt?! Tell me, how do you want to punish them!”

"It's not such a trick..." Chen Yuanming laughed, "What I want to do is not to bring down one or two deputy directors, or to kill their lackeys, but to have some ideas about the serious development and financial departments, some Things related to the overall situation of China's securities development..."

Listening quietly to Chen Yuanming's narration, the phone gradually died down. After a long time, Xiao Yun smiled wryly, "Yuanming, you can't..."

This idea is really unique and strange, but it is just a few moths, need to be pulled to the beams and rebuild the building?However, the seriousness in Chen Yuanming's voice caused Xiao Yun to have some doubts.After thinking for a long time, he finally sighed, "So, do you want to pull the upper line? If so, you should find someone who understands these things better. I really don't understand finance, and I can't help you much. .”

Chen Yuanming didn't answer, because Xiao Yun hadn't finished speaking, he didn't understand, so someone should understand.

As expected, Xiao Yun just paused, and then continued, "As for the candidate... Hehe~~ You should have met that kid Jun Yi recently, go find him, he can show you The person who the Xiao family really understands."

"What?" Chen Yuanming couldn't help being slightly taken aback, Xiao Junyi?He never seemed to show the slightest interest in stocks or securities?

"Hey, because that kid's mother, my sister-in-law is the one who really understands politics and economy in the Xiao family."