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Chapter 27 National debt 327

"Who first saw the moon by the river? When did the moon shine on the first time?" Wang Yunqi sat on his rosewood chair and chewed on this sentence. His two assistants next to him stood up and did not mean to disturb him. One of them was Wang Jianguo, who they had met, and the other one with bronze skin and handsome face was Tang Hai.

Wang is a family business. Wang Yunqi is the youngest son of Wang Yimin, the founding elder of the Republic. After Wang Yimin was founded, he served as a senior national leader for a long time. He retired from the Central Advisory Committee a few years ago. He had three sons and three daughters. In addition to Wang Yunqi, the two sons worked in state organs. The other two daughters also married an officialdom, and one daughter went abroad and now settled in a foreign country. Wang Yunqi started a company called "Yunhai Industry" in Shanghai with his father's tribute to the "Four Masters of Shanghai" with his business. His business is all-encompassing and he is still very prosperous. He is collectively known as Wei Shaodong, general manager of Shanghai Stock Exchange, Guo Kaicheng, boss of Shanghai Star Industry, and Rong Xinmin, general manager of the Shanghai Branch of China Chang Group, collectively known as the "Four Masters of Shanghai Beach".

Wang Jianguo is the son of his distant uncle and is smart. Tang Hai is his second brother-in-law. He was very young and served as an executive in the famous "Giant Group" at that time. Wang Yunqi hired him for a lot of money. Both of them disagree with Wang Yunqi's attention to this young young man named Yang Xing, but Wang Jianguo was cautious. He just reminded him indirectly and went to greet Yang Xing and the others in person as Wang Yunqi's instructions. Tang Hai put his dissatisfaction directly on his face. As a young man, Tang Hai can be said to be a leading figure in his peers. Suddenly he found another younger guy flying past him like a cannon, leaving himself far behind. You can imagine the loss in his heart.

Now the boss has to think about a greeting to him for a long time, and his heart is as angry as if he is on fire. "You ask you to read more traditional books, and you like to keep the words in foreign business books all day long. As soon as someone took off the book bag just now, I think none of you can pick it up." Wang Yunqi looked at Tang Hai's face and decided to give this assistant too smoothly and had not encountered any big bumps.

Tang Hai curled his lips disdainfully: "It's just a poem in the 'Spring River Moon Night', I haven't heard it!" Wang Yunqi shook his head and said, "Today is our first meeting. He can almost determine my preferences from my clothes and dress, and can immediately think of poems that meet the situation. You can't catch up with this ability to observe words and expressions. His poem is of particular importance, 'The river and sky are all color without dust, and the lonely moon in the bright sky'. It is a praising me clearly. The following sentence "Whoever sees the moon on the river first? When did the moon in the river shine?' is a test. He already knows that we have something to ask for him, and wants us to tell him the intention as soon as possible and ask us to take care of his business. Although he is a round smaller than me, he has to admit that there are indeed geniuses in this world who are very kind."

Since we all understood the hints of both sides, the evening dinner became the place for negotiation. Anyway, Chinese people like to discuss business at the dining table the most, so everyone is familiar with it. In the private room specially arranged in the Peace Hall, nearly twenty people from both sides were sitting in one go, and three tables of tables were the most authentic Shanghai dishes, but everyone was not thinking about the exquisite meals. The dishes were hot twice, and they talked from eight o'clock to ten o'clock, and there were still many differences.

Only the main leaders of both sides, Yang Xing and Wang Yunqi, were still eating food slowly. Their subordinates couldn't help but admire their ability to cultivate their energy, especially Yang Xing, a half-baby boy, and Wang Yunqi, a veteran in the shopping mall, which made Yang Xing's subordinates convinced him.

In the end, Yang Xing took the initiative to stop the chopsticks. After all, this was respect for the owner. He said to Wang Yunqi: "I see that we have already discussed this details. Let me talk about the main content. Your company wants to make a fortune in the Shanghai Stock Exchange and ask us investment consultants for help. We want to open an account at the Shanghai Stock Exchange to cooperate with your company to trade futures. In fact, everyone's main differences are nothing more than who decides and the supervision and distribution of profits. I have a suggestion, let's sign a bet agreement."

"Gambling Agreement?" This somewhat unfamiliar noun made most people confused, and only those who have gone abroad frowned. The betting agreement is to make an agreement between the investor and the financing party for uncertain future situations when reaching a financing agreement. If the agreed conditions appear, the investor can exercise a right; if the agreed conditions do not appear, the financing party will exercise a right. Therefore, the betting agreement is actually a form of options. Therefore, this agreement is the most common in corporate mergers and acquisitions, and there are occasionally similar treaties in investment.

"We both took out a sum of money and I would like to operate it on the Shanghai Stock Exchange. Profits should be distributed according to the amount taken out, and the highest distribution ratio should be set to control the risk ratio of either party. At the same time, we should agree that if I fail to meet the profit indicator agreed by both parties within the specified period, we will compensate for the losses. If this indicator is met, we will also ask for corresponding rewards." Yang Xing talked happily. Everyone was silent. On the surface of this agreement, Yang Xing treated both parties very fairly and even had some concessions. After all, Yang Xing had to bear greater risks. If he wins, he would have to share Wang Yunqi with the capital contribution ratio. If he loses, he would bear the losses with Wang Yunqi, and even lose money if he wins less. Wang Yunqi only needs to contribute funds and wait for the money to collect the money, and the conditions are generous.

Wang Yunqi buckled the table and asked, "Why?" Yang Xing smiled and said, "I have to show some skills for you to see when I first arrived in the land. If I lose, it means that I am not good at learning skills. I have to go home and practice hard again. Naturally, I don't dare to rely on Mr. Wang, the big tree. If I unfortunately win again this time, of course I want to increase my confidence in us by the partner, and it will be more pleasant for everyone to cooperate in the future."

Tang Hai was dissatisfied and said, "If you really lose, I'm afraid you won't be able to leave Shanghai." Wang Yunqi glared at Tang Hai, interrupted his words, and said, "Brother Yang is really so confident in himself? You must know that in the past two years, many big players in the Shanghai Stock Exchange have lost their underwear. No one dared to pat their chests like you before to ensure that they will make money." Yang Xing said, "Without diamonds, I dare not take on porcelain work. Anyway, our conditions have reached this point, and we have to stay here for a while. You can think carefully, hoping not to think about it for too long. We can start our preparations first. If you are interested, you can take a look first. We have some small problems. We also have to help you." Wang Yunqi nodded in agreement. Although the two parties did not sign an agreement immediately, they also had the intention to cooperate. Finally, the host and the guests were happy.

Back at the guest room, Yang Xing asked Wang Yiren to inform Fang Kai and the others to come to Shanghai to meet as soon as possible, and quickly asked a local lawyer to draw up a bet agreement according to his intentions. Wang Yiren asked him in confusion: "Don't the other party still consider it?" Yang Xing replied confidently: "Lao Wu is right, he is attentive to nothing, either a traitor or a thief. The other party puts such a big scene, in addition to putting pressure on us, he also told us a very important thing. The other party needs to make a lot of money in the shortest time, and we are his best choice. News will come in the next two days, and we must be prepared first."

It was quite a tedious task for private enterprises to mobilize tens of millions of funds across provinces in 1995. Yang Xing and his friends asked Wang Yunqi's people to come forward, and it took three days to transfer 20 million to their account opened in the Shanghai Stock Exchange. On the afternoon of the day when the money was settled, Wang Yunqi brought a group of lawyers and subordinates to hand over the 30 million check to Yang Xing.

The next day, Yang Xing and Fang Kai and Fang Le, who had just arrived, set up a "war room" in the VIP room on the top floor of the Peace Hotel. Tang Hai, who was sent by Wang Yunqi to monitor, saw this form of stock futures trading for the first time, and also participated enthusiastically, forgetting his hatred for Yang Xing two days ago. With the experience of the last time, everything went step by step. After two days of simulation, on February 8, Xingfu Investment Company began to open the first page of its Shanghai Financial Legend.

Yang Xing’s goal is very simple - the stock market in the treasury bonds of 327, 94, and 95 years was in a slump. Although it bloomed brilliantly in August 1994, it was more like a fireworks, and after it was splendid, it returned to calm. A large amount of hot money flowed to the futures market that was younger than the stock market. The most exciting thing was the long-short battle between treasury bonds and futures.

China's Treasury bond futures trading began on December 28, 1992. In theory, treasury bond futures have a top spot. However, after October 1994, the People's Bank of China raised the interest rate of savings deposits for more than three years and restored deposit value preservation subsidy, and the treasury bond interest rate was also subsidy. The uncertainty of the value preservation subsidy rate provided room for speculation of treasury bond futures. The treasury bond futures market became increasingly popular, in sharp contrast to the sluggish stock market at that time.

327 is the code name of the treasury bond futures contract, corresponding to the 3-year treasury bond issued in 1992 that expired in June 1995. The total issuance of the bond is RMB 24 billion. In the treasury bond market of the Shanghai Stock Exchange, the main short side of the 327 treasury bond is Shanghai Wanguo Securities Company, and the majority of small and medium-sized retail investors are China Economic Development and the vast majority. Yang Xing's order is very concise - try to increase the multi-party contract of 327, using a gradual and small accumulation method. In front of Tang Hai, he deliberately said a lot of unintelligible terms and gestures that he couldn't understand, which made him somewhat put aside his underestimation, thinking that Yang Xing really had two tricks, and he secretly imitated Yang Xing's actions below. He just waited for Tang Hai to leave every day, and was laughing in the war room.

Wang Yunqi is also a hero of a generation. Since he has entrusted his full power to Yang Xing, he has ignored him for more than ten days. He just listened to Tang Hai's report every day and secretly understood the movements of the Ministry of Finance through the upper-level relationship. On February 20, he made an appointment with Yang Xing for the first time after reaching an agreement.
Chapter completed!
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