Chapter XVI National Debt
Coastal Road is the most prosperous commercial center of Ludao City, surrounded by a group of newly built high-rise buildings, shops and office buildings, and is the absolute central area.
Wanbang Securities, which is located in the center of Yanjiang Avenue, is also Zhao Jiangchuan's destination this time.
The four big blue billboards made Zhao Jiangchuan's eyes very complicated, and these four words once witnessed the historical changes of the domestic financial market.
Even Zhao Jiangchuan couldn't make an evaluation of Wanbang's later ending.
After all, it's easy to know right from right or wrong when you look at what you already know about history, but when you stand in the present, no one knows what the consequences of a decision will be.
Founded in early 1988, Wanbang Securities has been the largest securities company in China, accounting for 60% of China's total share in the primary market and 40% of the country's total share in the secondary market.
Authoritative financial institutions in the United States and the United Kingdom have unanimously rated Wanbang Securities as the largest securities company in China.
The person in charge of Wanbang, Guan Pingsheng, even raised the banner of "Wanbang Securities, the Kingdom of Securities", and claimed to make Wanbang the Nomura and Merrill Lynch of Huaguo.
At the end of 1992, IMC cooperated with Li Chengcheng to acquire Heung Kong Volkswagen, a listed company in Heung Kong, and completed the first acquisition of an overseas enterprise by a mainland securities company and became the controlling shareholder.
Feats again and again have made Wanbang continue to grow, and if there are no accidents, maybe Wanbang may really become the Merrill Lynch of Huaguo.
It's a pity that there are unforeseen circumstances.....
The heart of heaven is unpredictable!
As the largest securities company in the country today, Wanbang's business department in Ludao is very luxurious, with four floors upstairs and downstairs, all of which are the territory of the Wanbang family.
However, when Zhao Jiangchuan walked into the sales department, he was immediately dumbfounded by the scene inside.
"Shenma Industrial News Three Hands...."
"Oriental Pearl sells ten lots of ....."
"Help me pay for the new world of third-hand...."
"Quick, hurry up and get all the Lechuan power in my hand out..."
"I heard that Aijian shares recently received a big business, I estimate that it will definitely rise sharply, Lao Zhang, you buy some with me, you will definitely be able to make money.....
"Lao Li, seeing that the New Year is coming, people must be going to prepare for the New Year, aren't you, didn't you also go to Fulian Shopping Mall to buy things a few days ago, so ah, this Fulian Shopping Mall is definitely going to rise recently....."
"Damn, how can the permanent stock price fall, how can the stock price of such a good company still fall, I went to buy a bicycle two days ago...."
“……”
In the business hall of Wanbang Securities, the quotation clerk wearing the red vest kept writing the market on the blackboard, and the shouter kept shouting the quotation explained by the customer, so that the operator could buy and sell the red vest in the exchange.
A group of uncles and aunts in their forties and fifties gathered in groups of three or five, chatting about their views on the stock market from time to time.
There are also many people who lean on each other and talk about some insider information they know, hoping that they and their friends can take the opportunity to make a fortune.
The customer service staff at the counter is also busy, constantly taking the filled out quotation from the customer, and calling the exchange's red vest to buy and sell while approving.
More often than not, they gathered in front of the big screen provided by the securities company, watching the stock prices that kept flashing.
In the whole business hall, there are noisy shouts and talking everywhere, and even from time to time someone will scold a few words because of the rise and fall of stocks, even if it is the largest vegetable market or amusement park, I am afraid that it is not as lively as the securities business hall.
After being stunned for a whole minute, Zhao Jiangchuan realized that in 1994, domestic securities trading was still carrying out manual declarations, and things like computers could only be directly used by the red vests of the exchange.
It was not until 1997 that some high-tech things began to gradually enter the mainland, and even then, only people in large securities companies could use computers to operate.
Zhao Jiangchuan couldn't help frowning, earlier he ignored the impact of the background of the times on the transaction, with the current transaction method of only filling in the quotation in the sales department, it is difficult for him to hide his roots.
There are so many people in the business hall, as long as he fills out the quotation, someone will definitely know.
Once he makes a huge amount of capital in the market, it will definitely spread out in minutes, and there will be a god of stock here, which is not the result he wants.
Making a fortune in a muffled voice is the king.
What kind of title such as the god of stocks, in addition to attracting trouble, is also easy to be targeted by people with intentions or regulators.
However, Zhao Jiangchuan is helpless in this situation, even if he finds a way to get a computer from Xiangjiang or other places, whether he can connect to the Internet and access the market may become a problem.
What's more, he also knows that the current computer is more than 30,000 units, and it is still the kind of configuration that he doesn't think is an eyesore when he sees it, and the current funds in his hand really can't be used like that.
Since entering Wanbang's sales department, Mao Xiaowu has not spoken, he has long been attracted by the environment in the sales department, in normal times, how can he have the opportunity to come to this kind of place.
You must know that everyone who can buy stocks is rich, not to mention their group of students, even many adults can't afford to play with stocks.
In the sales department, everyone's faces were excited, depressed, excited, and nervous.
Mao Xiaowu was deeply curious, he didn't understand why these adults seemed to be more exciting than playing games with those colorful numbers.
It wasn't until Zhao Jiangchuan stopped that Mao Xiaowu realized why Zhao Jiangchuan told him to wait and know.
"Brother Chuan, do you want to buy stocks? I heard my mother say that this is all a lie..."
Deceitful?
Mao Xiaowu's words made Zhao Jiangchuan couldn't help but be happy, he wanted to say that the accumulation and dispersion of wealth was originally a scam, and the pyramid structure of society that has remained unchanged for thousands of years has already explained everything.
But after seeing Mao Xiaowu's concerned eyes, Zhao Jiangchuan couldn't bear to let him know too much now, as a person who came over, he understood better than too many people.
The preciousness of youth lies in ignorance and purity.
Zhao Jiangchuan smiled and said, "No, let's buy treasury bonds." ”
The word national debt made Mao Xiaowu's cautious expression relaxed, because the national debt brought a national character.
Does the state still deceive?
Treasury bonds, as Mao Xiaowu guessed, are bonds with a state haircut, and their basis is the credibility of the central government.
General treasury bonds include treasury bills, national key construction bonds, fiscal bonds, special bonds, directional bonds, hedging bonds, conversion bonds, etc.
With the state and the government as the credit base, the issuance of treasury bonds is often hard to find, and in the 90s, it was difficult to buy treasury bonds that were higher than the bank interest rate.
It can be said that treasury bonds are an investment that is sure to make money without losing money.
Mao Xiaowu usually listens to his mother's nagging at home, hoping that Mao Ai's party will find a relationship to buy some treasury bills or other treasury bonds, and often complains that Mao Ai's party wants to save face, and he doesn't know how to buy things that are sure to make money and lose money.
But Mao Xiaowu didn't know that the treasury bonds that Zhao Jiangchuan said he wanted to buy were not the treasury bonds he had heard of.
Rather, it is a financial derivative instrument, Treasury bond futures.