Treasury bills were invented in 1877 by the British economist and writer Walter Bazot and were first issued in the United Kingdom. Because the debtor of the treasury bill is the state, and its repayment guarantee is the state's fiscal revenue, it has almost no credit default risk and is the least risky credit instrument in the financial market.

Moreover, treasury bills have interest, although its interest rate is generally lower than that of bank deposits or other bonds, because the interest on treasury bills can be exempted from income tax, so the income from investing in treasury bills is the most direct.

If the interest rate is low, it will be low, and the volume wins!

Another point is that Treasury bills are different from stocks, they do not have the problem of lock-in, they are extremely convenient to change hands, and they can be cashed out at any time. It has a close relationship with commercial papers, certificates of deposit, etc., and can provide hedging for other certificates when the income fluctuates.

Do you think it's good?

If it weren't for the temporary financial constraints of the state, they would not have bothered to distribute it at all, and the common people would still regard it as dross, and the economists at the central level would probably vomit blood with anger.

This is indeed the case, since 1998, China has introduced a new economic model from Singapore to leverage private capital, and the trial operation in Yulin has been successful, and the fiscal revenue and expenditure have gradually tended to be balanced.

There is a saying...... Oh yes. If you don't manage your money, your money won't care about you. So that you don't love it, so it leaves you.

"So, if I take the treasury bills to the bank to exchange, I can also exchange the equivalent denomination of RMB, and there is interest?"

Li Yadong gave the Zhou family a few detailed science popularization for more than half an hour, and after listening to it, several people looked at each other - it turned out that the things they didn't like were so good. In particular, it was Zhao Wuyi and Zhou Guoqiang, one with a painful face - because when there was insufficient cash in the past, they used a lot of treasury bills to go out, and they were all discounted, and they were calculated little by little, and they really lost a lot. The other asked, staring.

"That's right. Li Yadong nodded with a smile, "The debtor is the state, how dare the bank rely on the debt, as long as the deadline is over, it can be redeemed at will, which is better than a passbook." ”

This is a true statement, because Treasury bills are issued in an anonymous manner and can be circulated and transferred without endorsement, and it is easy for anyone to hold them in their hands. And the passbook also needs an ID card to withdraw money.

"Damn!" Zhou Guoqiang was a teacher, and he just burst into foul language, which shows how depressed he is in his heart.

"It's such a simple thing, why didn't we think to go to the bank to try it?" Zhao Wuyi glanced at her husband and shook her head with a wry smile.

"That's it!" Zhou Guoqiang patted his head and sighed.

Treasury bills were suspended for a period of time under the influence of the "Great Leap Forward" and "pompous winds" in 1958, and then resumed in 1981.

However, I can't blame them for this, it's just that the information is blocked, and the above just sends it, and doesn't explain it at all, or it is widely advertised, and it is not popularized at all.

There is another one, all of whom are poor and troublesome.

Life is not rich these days, how many people can have spare money to save in the bank?

"Okay, Brother Qiang, you and your cousin-in-law's salary can't lose a few dollars. Zhao Chunlei spoke directly, and it was also because the relationship was good to a certain extent, and he said with a smile: "Otherwise, you don't think so, you are familiar with your cousin and sister-in-law in the capital, and there are the most government agencies here, and the supply of goods is also the most, you and your cousin-in-law will walk around, introduce me to the seller, I will count you as a share after I make money, and I will specify to make up for all the losses you have lost over the years and have a surplus, which I can absolutely guarantee." If you are willing to work hard, it is not a dream to really be able to get through the organs and units in the capital and become the second Yang Million!"

"Yang Million, who is it?" asked Zhou Guoqiang, touching his head.

"This ......" Zhao Chunlei smiled, "Actually, I don't know who it is, there is also a circle of people who do our business, outsiders are not good to come in, I am also a brother who used to pour small commodities together and slept in the bridge hole together, this person I heard him say, it is said that he was the first to do this business, as soon as the policy was implemented in eight or eight years, he began to do it, and he earned more than 100,000 yuan that year, and then it was even more unbelievable, he was already a million net worth, and the circle was sealed with the name of Yang million, and he knew that the surname was Yang." ”

"His name is Yang Huaiding, a person from the Demon Capital, who used to be a warehouse manager, and he was sent by doing the job of selling treasury bills. Li Yadong said it casually, the main thing is that he is too familiar with Yang Million, it can be said that he is like thunder, and he knows his family history well.

Not only him, but also Chinese stockholders who were active in the 90s and 2000s, and even people living in this era, probably have not heard of Yang Million. He was not only the first person to resell treasury bills in China, but also the first individual to consult securities with the People's Bank of China, the first to take the initiative to consult the tax department on tax payment policies, the first to hire a private lawyer, the first to go to court with a securities company, and the first person to be hired as a professor by a university as an individual investor.

He is an indispensable figure in the history of Chinese securities and is known as "China's No. 1 shareholder", and his story has been widely reported by media around the world, including Time Magazine and Newsweek. And in 1998, he was selected by CCTV as "Twenty Years of Reform and Opening-up".

"You...... Why do you know everything?" Zhao Chunlei looked at him with a confused expression and said, "Don't tell me, you know Yang Million?"

It seems that in his heart, it is a great thing to know Wang Million.

"I don't know that, but I've heard of it. Li Yadong smiled and waved his hand.

"Oh. Zhao Chunlei nodded subconsciously and muttered, "Then your ears are really smart." ”

After saying this, he suddenly thought of something, and hurriedly added, "I said little brother, you won't be doing this business too, right?"

Li Yadong smiled and was about to shake his head, but Zhou Guoqiang on the side opened his mouth first, and said with a smile: "Okay, Chunlei, this kind of small business, how can Xiaodong look down on it, and what else is Yang Million, if he knows that Xiaodong has paid attention to him, he has to hide in the bed and steal the fun." ”

"What's that?" Zhao Chunlei stared at him like the same age with a pair of eyes, and said in his heart: "Old watch, you didn't take the wrong medicine, that is Yang Million!

How could Zhou Guoqiang not know what he was thinking, pointed at Li Yadong and said: "Na, just this person, you look at it, don't be a Yang million who will be made like an idol by you." If you really want to look for a cult of personality, worship him. ”

"Huh?" Zhao Chunlei looked Li Yadong up and down: the clothes without a brand fit quite well, and he still made it himself - of course he didn't understand the concept of "tailor-made". The whole body seems to be worth the watch with English letters in his hand, but unfortunately it is not gold, and it can't match the big wrench in his hand. is such a person, can he be compared with Yang million?

"Why?"

"Why? Because a hundred Yang millions can't top up to one Li Yadong. Zhou Guoqiang said with a straight face: "I don't know Yang Million, it's not good to evaluate, but among the businessmen I know, I only admire my Xiaodong brother, because he is not only rich, but also willing!"

He paused when he said this, looked at Zhao Chunlei and asked, "You wander outside every day, your ears and eyes should be sensitive, I don't know if you have heard of Peking University getting a huge donation?"

"Of course I've heard it, such a big thing has been reported in the newspaper. Zhao Chunlei nodded and said, "It is said that it is a secret donation, 10 million!"

"What 10 million. Zhou Guoqiang smiled, raised a finger, and said, "It's 100 million, 100 million yuan!"

"I'll ...... No, it's so ruthless!" Zhao Chunlei swallowed and foamed hard.

"What do you think, otherwise why do I say willing? Xiaodong used to be a Peking University student. Zhou Guoqiang smiled and nodded.

"What's that?" Zhao Chunlei was already a little confused when he heard this, his mind was blank, he turned his head mechanically, pointed at Li Yadong and asked, "Brother Qiang, you mean, he donated the 100 million?"

"Yes. But you have to keep this matter secret, don't say it when you go out, my little brother is afraid of trouble. ”

"I'm ......" Zhao Chunlei's eyes lit up, and he felt like his heart was about to jump out.

I thought that there was a player of the same level sitting next to him, and he must be rich if he was rich, but he should be about the same, so he suddenly realized that the dog was originally a great god.

Gotta hurry up and say goodbye!

His lifelong ambition is to be a big boss, and he admires those characters who dominate shopping malls and spend money the most.

"I said small...... Oh no, Boss Li, there was a lot of slacking just now, come, you come and sit up, that can make you sit down......"

Can you still play happily? Li Yadong glanced at Zhou Guoqiang with some complaint.

sent Zhao Chunlei, who admired him, to send An Sheng, but it really took Li Yadong a lot of effort.