Chapter 91 The National Debt

As for how to make money and what new projects there are, Su Jingzhen actually has ideas.

His money reached 7 million US dollars after investing in the Nikkei index, although he hurried back to the United States imperialism and did not have time to wait for the settlement to be completed, but there is also an HSBC branch in New York, as long as the money arrives, he will set aside part of it and hand it to Yuan Guanghua, so that he can find a way to borrow money from people in Hong Kong, temporarily exchange it for soft sister currency, and he will kill the financial market in China.

In late February of '95, an incident occurred that was called the darkest day in the history of domestic securities, that is, the "327 treasury bonds" incident, in '92, the Shanghai Stock Exchange designed and launched 12 varieties of futures contracts for the first time, of which Chinese treasury bonds were one of them.

What is a national debt? In the second half of '93, the Ministry of Finance promulgated the "Announcement on Adjusting the Conditions for the Issuance of Treasury Bills," which said that now inflation is high, and the interest rate at the time of the introduction of treasury bills was too low to keep up with the situation.

The promulgation of this announcement has caused uncertainty in the yield of forward treasury bonds, the economy is gradually rising, and in the long-term perspective, in the foreseeable future and foreign practices have proved that this subsidy will be canceled sooner or later, in the short term, the interest on the subsidy will gradually decrease, and there are many uncertain factors, so the speculation space in the treasury bond futures market has expanded.

On February 23, the Ministry of Finance announced at what price the "327 Treasury Bonds" would be exchanged, and it was precisely because some brokers miscalculated the price that the fierce long and short strangulation caused a bloody storm in the futures market.

The emergence of this incident directly led to the closure of the treasury bond futures market, and the main person in charge of the incident and the incident has also been repeatedly whipped out by reporters and editors in the domestic financial sector, from the nineties to Su Jingzhen's rebirth, he has also seen such reports, as long as the stock market is turbulent, this matter will be taken out and beaten.

So Su Jingzhen can't remember it if he wants to, this is the same as brainwashing, more than ten or twenty years of frequent reports, so that all those who pay attention to domestic finance will know about this matter, especially those who pay attention to the stock market and futures, it is even more familiar.

The last time he made money in the domestic stock market, Su Jingzhen thought about whether to go to the futures market to toss, but then he thought about it, he was going to study abroad, and his parents were busy building a new factory.

You must know that futures are different from the stock market, after the stock market can be bought, when a forward investment is viewed, even if it falls a few cents, it is also possible to turn over, but futures are different, once it falls below the insurance line, it will be forcibly liquidated, and all investments will come to naught, so Su Jingzhen did not dare, because he couldn't remember what the previous futures market was.

But in February, he was sure that this matter had been repeated over and over for more than ten or twenty years, and he was forcibly instilled, and he couldn't remember it if he wanted to.

After class, Su Jingzhen, who said goodbye to Michelle and other classmates, came to the school's phone booth, and he wanted to say hello to Yuan Guanghua in advance, because Su Jingzhen's money was all US dollars, and when he returned to the domestic market, he used soft sister coins, and it was good to say that US dollars entered the country, after all, the country welcomed foreign investment back to China in recent years, and he could find an offshore company to dock with the Bank of China.

But when the time comes, if you want to withdraw the money, it will be difficult, it is more difficult than ascending to the sky, the state is very strict in controlling the outflow of funds, and in the nineties it is slightly relaxed, if it is in the early to mid-eighties, in China, even the use of foreign exchange in foreign hotels and shops has strict procedures.

"Cousin, are you up?" At this time, it was evening in the United States, but it was early morning in Hong Kong, and Su Jingzhen was not afraid to wake up Yuan Guanghua, because it could wake him up for morning luck.

"Yes, that's what I want to say, tomorrow or the day after tomorrow, HSBC's money will be in the account, and then I can ask the bank to issue a credit certificate, and you can use the credit certificate to help me borrow some funds." Su Jingzhen can't just hand over the money to Yuan Guanghua, although Yuan Guanghua is really good to him, but he can't lure others to commit crimes, and Su Jingzhen can't let his cousin sign any agreement or something, which will turn his face.

If the money is given directly to Yuan Guanghua, Yuan Guanghua himself is worried, what if the money is cheated? There is no way to explain to the nephew, so using bank vouchers and then borrowing from others is the best way, safe and painless.

Su Jingzhen has thought about exchanging it directly with HSBC, but it is still the same old problem, the dollar is easy to say against the soft sister coin, and when the soft sister currency wants to be converted into the US dollar, then hehe.

Not to mention the loss of the exchange rate, but also the loss of handling fees, as soon as it enters and exits, it disappears by ten percentage points, which is more exaggerated than usury.

And Yuan Guanghua is different, he knows a lot of people who have opened factories in China, these people have a lot of cash in their hands, and it is not a problem to borrow a little for the time being, not to mention that there is no Yuan Guangzong, just by virtue of Guangzong's father's name, he can split 10 million at will, and he doesn't even have to pay interest, just have a mortgage.

Hearing the cousin on the other side of the phone patting his chest to ensure that this matter went well, Su Jingzhen was relieved, in fact, this was also because he was worried too much, Yuan Guanghua watched his nephew make money in Mexico, and then made a lot of money in Japan.

Now I heard that I want to exchange soft sister coins and enter the domestic market, so I don't need him to urge at all, I will contact a good person as soon as possible, as long as the credit certificate arrives, you can directly use it as collateral.

Then there is no need to post accounts in Hong Kong, and go back to the mainland directly, so many people and so many factories, one person can make up 100 million yuan.

"Well, I know, I already opened an account during the Chinese New Year, but I just put the money in, it's okay, after the money is in place, you have to go back to the mainland, it's best to go to the magic capital, find a broker, we enter the market early, leave the market early, don't dwell in it for too long." Su Jingzhen himself is abroad, and he can't do it himself, so he can only hand over the matter to his cousin, maybe let his father go with him when the time comes, and it will be safer for the two of them to go.

"Oh, that's okay, you can find a trader in Hong Kong, but don't hand it over to him to operate, listen to me, the domestic market is completely different from abroad, if we are not careful, we will fall into it, we will operate it ourselves, and we deserve to be trapped, if it is trapped by someone else's hands, it will be very wronged."

Su Jingzhen repeatedly told him that he was afraid that Yuan Guanghua would take matters into his own hands, you must know that this incident is not ordinarily serious, if you fall into it, it will be a small matter of bankruptcy, and if you don't get it right, you will be imprisoned.

Author: You people, you just like to tease the author, and you're starting to play with the change again, isn't it, I'll kill you!!

Don't laugh, did you vote for Sanjiang? Vote for me! Kneel and beg!

Momoda......