In the Internet age, the exchange of information is undoubtedly extremely rapid.

The editor of Sohu Finance saw Chen Qiaoshan's new article for the first time.

Yan Xiaoqin couldn't understand the content inside, but people in the financial industry could easily see through the intention of the article.

""A-shares are a vanity fair", the title is very curious, but the content is a bit sensitive!" Chen Jie, editor-in-chief of Sina Finance, muttered to himself.

"I don't see it that way. Fang Gang, the chief financial officer, put forward the opposite argument, "I don't care if there is a problem in the stock market. ”

After a pause, he continued: "Now that Li Su accuses Peking University Qiao Shan of shorting the stock market, and Peking University Qiao Shan accuses Li Su of not understanding economic laws, their scolding war is very interesting. ”

The on-duty editor who was waiting on the side to get an idea was helpless, he was the first to see this article, and he couldn't pay attention to it for a while, so he could only ask the two big bosses to decide.

can see what this means, and the two bigwigs also have different opinions.

He slandered in his heart, and he didn't know what was going on recently, everything was pinched, and he didn't stop.

Editor-in-chief Chen Jie thought about it a little and said: "I think so, the content will not be changed, and the title will be slightly modified." ”

Fang Gang nodded and did not speak.

The editor on duty asked, "Editor-in-chief, how do you think the title is appropriate?"

Chen Jie pondered for a while and said: "We can't have a clear bias, so let's let the audience choose the answer and change it to "Is the Stock Market Vanity Fair?"

"I think it's feasible, so let's do it!" Fang Gang made a final decision.

The on-duty editor left, but the topic didn't end there.

"You say, didn't these two people get into trouble because of Delong's matter, why did they quarrel and quarrel and get involved in the stock market?"

"Who knows, I was still waiting to see Beida Qiaoshan bombard Delong, but it seems that there is no play. ”

……

When the manuscript was sent, Chen Qiaoshan did not delay and left the school directly.

He has been very honest lately and never skips class, much to the surprise of many people who know him well.

Although Chen Qiaoshan is here, his mind may not stay in the classroom.

Things were soon clear in Delong's system, the opportunity for speculation was fleeting, and he knew that he had to pick up the pace.

Chen Qiaoshan came out this time, dressed up deliberately, wore a very old-fashioned shirt, and even trousers and leather shoes were specially prepared, not to mention, the effect was really good, such a stumbling effort, I couldn't see the appearance of a student in the mirror.

"Dashan, why are you dressed so weirdly today?" Liu Yang asked curiously.

Although it is not a major, but it lives in a dormitory, and it can be met sooner or later, Liu Yang is naturally clear about his usual preferences, and it feels strange to see him like this today.

"It's okay, let's change my look today. Chen Qiaoshan smiled and said perfunctorily.

Liu Yang pursed his lips, obviously not convinced.

Chen Qiaoshan didn't pay attention to it, took care of it again, and left the dormitory in a hurry.

He didn't stare at the bike this time, there was no way, the destination was too far, and it was not suitable again.

There are a lot of taxis in Yanjing these years, and there are various models.

At the beginning of 03, the new policy of Yanjing taxi was introduced, stipulating that local self-produced models must be used, and the previous ones were gradually eliminated.

Now on the market, the most common are Elantra and Sonata, and there are also a large number of Jetta and Beverly.

This is the first time Chen Qiaoshan has taken a taxi in Yanjing, which is a bit novel.

The ending is a bit tragic, from the east gate of Peking University to the financial street, but the car inexplicably detoured from Zhongqingzheng to Baiyun Temple, and went around a big circle to reach the destination.

When paying, Chen Qiaoshan's eyes were full of resentment, this driver looked very honest, and he was very good along the way, but he didn't expect to be ruthless at all.

Chen Qiaoshan has no ink, and he has not been cured in ten years, and now he is not serious.

Today's destination is Tianyi Securities, a brokerage company that started in the south and only went out of Zhejiang last year to obtain the business qualification of a comprehensive brokerage.

Chen Qiaoshan knew that Tianyi Securities was a tragedy.

02 began to expand, and in 04 it got into big trouble.

Tianyi Securities was directly targeted by the China Securities Regulatory Commission for misappropriating customer deposits and providing funds for stock speculation in violation of regulations, and was finally custodial.

Chen Qiaoshan came to Yanjing Financial Street for the first time, and he was a little emotional.

Today's Financial Street has not yet been fully completed, and the landmark building, the sculptor Hao Chonghai's "Financial Street" sculpture has not yet been erected.

When he entered Tianyi Securities, Chen Qiaoshan felt a little strange, it was naturally not bad to be able to set up outlets near Financial Street, but this business hall was a little small.

He also muttered a few words in private, and in this year, the business hall still has a little role, and it can basically be ignored in the future generations.

The place is not big, but the service is very good, Chen Qiaoshan just entered the door, there is a special reception.

He didn't delay much, he contacted him before leaving, and directly found Sun Fatzi's account manager.

The account manager is a tall, lean man named Wang Zhan, with a slight southern accent in Mandarin.

"Mr. Chen, I don't know what business you want to do today?"

Chen Qiaoshan said: "Speculate on stocks!"

Wang Zhan was stunned for a moment and said: "If you want to speculate in stocks, you don't need to come over, just call us, and I can help you do it." ”

Chen Qiaoshan said with a smile: "The key is that I want to get the matching capital!"

Wang Zhan hesitated a little, but quickly returned to normal and said, "Mr. Chen, I'm sorry, we don't have this business here. ”

Hearing this answer, Chen Qiaoshan was not surprised at all. In recent years, leveraged stock speculation is called capital allocation, which is illegal, but it has been repeatedly prohibited.

The so-called capital allocation is the so-called leveraged stock speculation in later generations.

In financial theory, leverage means amplification, which is equivalent to multiplication in mathematics.

Financial leverage is common, but it is not yet popular, or there is no clear concept of leverage.

In fact, financial leverage is very common in residents' lives, and housing loans are actually a kind of financial leverage, but in recent years, housing loans have not become popular on a large scale.

In China, mortgages have been around since the beginning of your year, but they have not been accepted by the public.

This is also related to domestic consumption habits, in order to promote housing loans, there is now a popular saying:

An old American lady said, "I worked hard for 30 years and finally paid off all the housing loans."

An old Chinese lady said: "I have worked hard for 30 years, and finally I have saved enough money to buy a new house".

Chen Qiaoshan knows that this is actually a bank mortgage advertisement, but it also shows the superiority and necessity of financial leverage.

Of course, financial leverage is not always good, and there are unknown risks lurking in it.

……

"Manager Wang, you can take a look at this. Chen Qiaoshan handed over a small folded note and a bank card.

Wang Zhan took it and found that it was an ATM voucher, with the card number on it being the same as the bank card, showing that it was 100,000 yuan.

He was a little surprised, although Chen Qiaoshan was dressed very old, he should not be very old.

Wang Zhan couldn't pay attention for a while, Tianyi Securities naturally has capital allocation services, but the general targets are old customers.

Chen Qiaoshan is a new face, but for the sake of money, he is a little hesitant.

"Wait a minute, I'll help you ask. Wang Zhan still couldn't hold back, returned the card in his hand to Chen Qiaoshan, and left in a hurry.

It is no wonder that the market has been sluggish in recent years, retail investors have run away, and the entire business hall is empty.

The business is not easy to do, the money is not easy to earn, and seeing that there is a big retail investor, Wang Zhan naturally does not want to let it go.

Soon, Wang Zhan accompanied a middle-aged man over.

"Mr. Chen, this is our Director Wang, you can talk to him about things. Wang Zhan introduced.

A few people greeted each other, and Chen Qiaoshan had an extra business card in his hand, Wang Wei, the account director of the financial street business department of Tianyi Securities.

Seeing this name, Chen Qiaoshan was startled, and he subconsciously asked, "Director Wang, are you from Ningbo?"

Wang Wei was stunned for a moment, and asked very strangely, "How do you know?"

This time it was Chen Qiaoshan's turn to be stunned, he couldn't say, I see that your Yintang is black, and you will be imprisoned in more than ten years, right?

After thinking about it, he smiled and said, "I heard that you have a southern accent, and it's Tianyi again, so I tried to ask." ”

Wang Wei was relieved that Tianyi Securities originally started in Ningbo, and only moved its headquarters to Shanghai last year, and people who are a little familiar with it know.

"Mr. Chen, I heard that you want to allocate capital, can I ask, how much are you going to contribute, and how much are you going to match?"

Chen Qiaoshan was stunned, he didn't expect this Wang Wei to be so direct, he pretended to be casual and said, "I'm going to take 100,000 yuan to try first." ”

What he said is not true, Chen Qiaoshan has just a little money, but he can't show his bottom, and he often needs to add margin to speculate in stocks.

Wang Wei smiled, noncommittal, and then asked, "Then how much are you going to match?"

Chen Qiaoshan thought for a while and asked, "1:5!"

This is Chen Qiaoshan's expectation, but he knows that this goal is difficult to achieve.

Don't look at the usual, I often see 1:10, 1:20, it is possible to raise funds, and it is to speculate on stocks.

China's stock market implements T+1, that is, stocks bought on the same day cannot be sold until the next trading day.

Moreover, there is a 10% limit on the rise and fall, and the allocation provider, in order to ensure the safety of the principal, can theoretically provide a maximum of 1:10 allocation ratio.

Of course, there are extreme cases, but they are all institutional investors or large customers with guaranteed reputation, and Chen Qiaoshan naturally does not have extravagant expectations.

In fact, one to five is also a luxury, and the general brokerage will increase the liquidation line in order to ensure the safety of the principal.

For example, 100 yuan is 1:5, and the margin is 600 yuan in total.

In order to ensure the safety of the 500 principal, the brokerage will set the minimum closing line of 10%.

That is to say, when the stock falls to $550, the broker will ask you to add margin, otherwise the position will be closed.

At this time, although the position is closed and 550 yuan is returned, the principal is removed, and interest, transaction commissions, stamp duty, and garbled calculations are also calculated, and the customer is likely to lose money.

Wang Wei said, "Mr. Chen, can I take a look at your ID card?"

Chen Qiaoshan was stunned, but still took out his ID card and handed it over.

Wang Wei took it and looked at it carefully, and said, "Mr. Chen is very young and promising!"

Chen Qiaoshan understood that this was not a compliment, he smiled slightly, and said: "Director Wang, the captain of the Ningbo Limit Board Death Squad, is not a few years older than me, right?"

Chen Qiaoshan is talking about Xu Xiang, a native of Ningbo, who entered the stock market with tens of thousands of yuan at the age of fifteen and made a great reputation.

Wang Wei was stunned for a moment, but his expression immediately relaxed, and said with a smile: "I can't see it, the little brother is also an insider, I know this." ”

Chen Qiaoshan didn't show it on his face, but he was relieved in his heart, he was lucky today, and it seemed that he could still get a good price.

He couldn't help but sigh in his heart, coincidences are really everywhere, Xu Xiang's follower is now in Tianyi Securities.

But it's no wonder that Xu Xiang is still nesting in Ningbo now, and he is a complete small retail investor.

Chen Qiaoshan felt a sigh in his heart, why shouldn't he be.

In today's world, making a fortune depends on stock speculation, and there is still some basis.