Chapter 53 Alienation and Fortune
At around 8 o'clock in the evening, Lin Dawei sent Lin Jinyan back, then packed some personal belongings and put them in a suitcase.
While he was cleaning up, Du Chunhua stood at the door of the second bedroom and said, "Dawei, you and I have a similar smell. I don't object to joining together to invest or do other businesses, and I'm very happy. But Jinyu is more than 3 months pregnant now, and it's time to feel uncomfortable. Don't let her run around with her."
Lin Dawei was stunned for a moment. Seeing Du Qiu making a gesture behind him, he smiled and said, "Jinyu is in good health. It only takes five or six hours to go to Pujiang. We will take a soft lie down and it's okay."
"Is money or people important?" Du Chunhua snorted coldly and said hard: "What if there is anything wrong with it, do you think Jinyu dumped you before she got married?"
Seeing that Lin Dawei was busy packing things and was not good at it, she said straightforwardly: "Although I'm having sex with you and I don't have any jealousy or something, others don't know that if something goes wrong during her pregnancy, my younger brother and I can't take the responsibility. If Jinyu goes to Pujiang, I won't go. If I go, she won't go!"
Lin Dawei stopped the movements in his hand, remained silent for a moment with a embarrassed expression, and nodded and said, "I understand. I will let her take care of raising her baby at home."
"This is the best. This is not the first time you have become a father. Please take more snacks and don't take it seriously. Women have a baby very hard." Du Chunhua slowed down and explained: "Tell Jinyu that I am not targeting her, but just a plum tree in the melon field. I have to be careful. After the child is born, I will take Jinyan to see her."
"OK."
Before Lin Dawei left, he left the key to the house. Du Qiu was a little sad about it. His mother did it right. She was embarrassed. She should indeed avoid suspicion. However, doing so exposes the remaining close relationship with her father. From then on, the two of them have become ordinary friends. They even say hello to the door to get something.
Lee Zongsheng sang well, but he only saw those who had been together for a long time, but never saw those who had been together for a long time. Since he had been separated, his relationship will only become more and more distant and will never be close again as before...
Du Chunhua's resignation was very firm. He was unmoved by his boss's retention or his colleague's persuasion. He was quickly approved. Although the procedures had not been completed, he no longer had to go to work anymore. He devoted all his energy to notepad production. Every morning, he sent Lin Jinyan to kindergarten, and went straight to Yunda's printing factory to study how to improve the production process.
Before Du Qiu was about to go to Pujiang at noon on February 21, she called home and ordered: "Huihui has prepared all the information and procedures, and it is only the 40,000 yuan for you and me. I asked her to register a company again on February 24. After you are done, you will rush back immediately. Don't mess around again!"
"Sister, don't worry, I'll be back that night after finishing my work."
"Also, you have the title of design and marketing manager and you can't do anything, otherwise I can't manage other people. You can think of one for me these days for the concept of company print advertisements."
"I understand, General Manager."
In 2016, it only took about three hours to go from Yuncheng to Pujiang. In 1995, it took more than six hours and set off at around 1 noon. It was already past 7 o'clock when it arrived. Du Qiu, Lin Dawei and Wang Changan had no intention of going out shopping. After having dinner in the booked hotel, they stayed in the suite watching TV and chatting.
Among the three, Du Qiu was fearless because his laptop stored an e-book about the "327 Treasury Debt Incident". He knew the cause and effect of the incident and was not afraid of losing money. Lin Dawei was calm. He borrowed 100,000 yuan to Du Qiu and 80,000 yuan to Wang Changan. He only brought 120,000 yuan from Liang Jinyu's last speculation of the Nikkei Index. He came to Pujiang with the intention of making a little profit, and Wang Changan was the most nervous and brought the most money, with a full 500,000 yuan. Although he promised to have no public funds, he looked restless and was afraid that this guarantee was not very reliable.
I was full of confidence before coming, but as soon as I got off the train...
My godfather seems to be really unreliable in terms of money. If you don’t take him to play with him in the future, just be a middle class honestly...
"Du Qiu, the news just now said that inflation has dropped in recent months. Are you sure that the country will significantly increase the value preservation rate of 327 treasury bonds?"
"What the news cannot be heard is what it means. Some are true and some are fake. The subsidy retention rate has been steadily rising in recent months, from 4.27% in August 1994 to 10.38% this month. The subsidy retention rate in March announced on February 10 was as high as 11.87%, which has increased by nearly three times in eight months. Since the inflation rate has fallen, why should the country repeatedly raise the subsidy retention rate?"
"But the retention rate of treasury bonds in the past few years was only about 7% to 8%. If this is the case, the final price of 327 bonds may be only 144 yuan. If it is not increased, we will buy at a price of more than 148, and we will lose even our pants!"
Du Chunhua is actually right. There is no business in the world that can make a profit without losing money. Treasury bond futures trading is no less risky than stock trading.
When Du Qiu was fooling his mother at home, he confused Treasury bonds and Treasury bond futures, but in fact these are two different things. 327 of the 327 treasury bonds do not refer to time, but the code name of the Treasury bond futures contract, namely F92306, the 3-year Treasury bond financial derivatives issued in 1992, expired in June 1995. The transaction amount at delivery mainly depends on the country's subsidy and retention rate.
During the meal that day, Du Qiu took the idea out of context and specially cut a financial news that subsidy reserved was 20 yuan for Du Chunhua to see. However, the 20 yuan was estimated by the author for two years of subsidy, and the subsidy reserved rate was 10%. The country never announced that it would subsidize at a subsidy of 10%. So some people were bullish and believed that the country would subsidize at a subsidy rate higher than 10%, while others were bearish and believed that the country would subsidize at a subsidy rate lower than 10%. The longs and shorts each built positions on a large scale, and began to fight after the Spring Festival, waiting for the decisive battle on February 23, because the Ministry of Finance will announce the final subsidy reserved rate on this day.
This kind of speculation is actually no different from the size of the bet. If it weren't for the time travel party, Du Qiu wouldn't dare to come to Pujiang to do it, because the people who played this game were giant crocodiles worth millions, which were not something that little fish and shrimp could interfere with. The reason why he stored an e-book about 327 treasury bonds in his laptop was because the financial war was not only full of drama, but also cruel. Whether the big winner or the big loser, they were in trouble in the end. Some committed suicide, some were killed, some were sentenced, and some were absconded, and almost none had a good ending.
Guan Jinsheng, formerly the godfather of China's finance, the founder and general manager of Wanguo Securities, was sentenced to 17 years in prison...
Wei Dong, the helmator of the "Yongjin Group" who was once famous in the Chinese stock market, jumped off a building and committed suicide...
Zhou Zhengyi, the former richest man in Pujiang, was sentenced to 16 years in prison...
Liu Han, a super rich man who once had a net worth of more than 40 billion, was sentenced to death...
It is said that there were more than 2,700 investors involved in the 327 treasury bond incident in 1995. Most of them became rich overnight later. Du Qiu was confident that he would not have any problems. However, seeing Wang Changan wandering around the room like an ant on a hot pan, he was worried that his mentality would be unbalanced after making money, so he persuaded: "Brother Wang, the stock market is like a battlefield. If you don't have confidence, don't end. It's still time to withdraw now."
"Du Qiu, you are joking. You are here, how can you not have confidence?"
"Since that's the case, you go and take a shower, have a good sleep, and accumulate energy. We will bet tomorrow and have a big bet!"
Near the Bund of Pujiang River, there is an old hotel built in 1846. It was originally named Licha Hotel. It is the first Western-style hotel in China. It has received famous historical figures such as Russell, Einstein, and Chaplin. It was renamed as Pujiang Hotel in 1959. When China re-founded the securities market in 1990, it placed the Pujiang Stock Exchange in this hotel.
As soon as you enter the hotel lobby, you can see through the floor-to-ceiling glass that there is a huge electronic market display hanging in the hall. The center of the venue is filled with computer trading desks, and there are many traders wearing red vests sitting next to it. Although it is far less spectacular and orderly than the new stock exchange after 1997, the decoration and buildings full of the atmosphere of the old era have a unique style, giving people a sense of vicissitudes of dancing pavilions and singing platforms, and the romantic style is always blown away by the rain and wind, because before liberation, it was the most famous dance hall in the ten-mile foreign market.
Because Liang Jinyu, a professional, Du Qiu was too lazy to make trouble. With the intention of sitting firmly on Diaoyutai, he found a securities company to open an account and did not even observe the market. He directly threw all the principal of 300,000 yuan into it and bought it for a long time. Lin Dawei followed him automatically and did the same. Only Wang Changan was confused and stayed in the business hall and was reluctant to leave. He was worried about the change of a few cents.
There seems to be no difference between a technical stock trading party and a tangled stock trading party...
Sometimes ignorance is also a kind of happiness...
Du Qiu left his godfather in the business hall. He and his father visited some famous attractions in Pujiang, bought some gifts to take them home, and waited until after 8 pm to return to the hotel. He was startled when he entered the door and saw Wang Changan. Because he was not dressed, his eyes were red, and he was drinking in the room with a bottle of wine. He had already drunk about half of the bottle of white wine. It seemed that if he came back later, this guy would be drunk.
"Chang'an, why are you drinking so much wine?"
"Du Qiu, save me!" When Wang Changan saw Du Qiu, he immediately threw away the wine bottle, half-kneeled and half-sitted and slumped on the ground and said, "I took all my money and shorted it."
Damn it! Didn’t you agree to do more?
Why did you change your mind in just one day?
"Chang'an, don't do this. It's nothing to short. Maybe it will fall tomorrow."
"It can't fall, it can't fall, Dawei!" Wang Changan was almost broken and said in a crying voice: "When I was having lunch, I heard that Wanguo Securities was shorting. Guan Jinsheng personally said that the value preservation rate would definitely be lower than 10%. So I was dizzy and went to change the long order to short order, but I didn't expect..."
He raised his hand and rubbed his nose, then pointed to the TV and said, "Just just now, the "News Broadcast" announced the interest rate of newly issued treasury bonds in March this year. Do you know how high it is? 14%! 14%! Such a high interest rate means that the preservation discount rate of treasury bonds of 327 will definitely exceed 10%. My 500,000 may be lost as soon as the market opens in the morning."
Oh, godfather, you really have no fortune...
Chapter completed!