Wearing delicate round-rimmed gold-rimmed glasses, Mitarai carefully sorted out the fax contents in order and knocked on the door of the manager's office.

"Manager, Nickel Lison of the Bank of Bahrain has bought another Nikkei 225 stock index futures, should we follow up?"

The manager looked through the information he brought in, hesitated, gritted his teeth and said, "Follow up, notify the people outside to buy another 10 million yen of stock index futures." ”

"It's good." Mitarai nodded, turned and walked out.

After he finished conveying the manager's request, he suddenly heard a crisp voice stop him: "This is Mitarai Senpai, right?" ”

Mitarai turned around and saw a woman, two men and three people standing behind him. Hesitated: "You are?" ”

Honami said respectfully, "I'm Honami Suzuki, I met you at the farewell game of the baseball club last year, and I am the new manager of the baseball club. ”

"Oh, it's Hona Beauty." Mitarai Hisaku lightly lifted his glasses and asked, "What are you doing here?" ”

"That's right, this is my uncle's guest—" Honami Suzuki introduced him, "Zhou Shuojun, they are from China, and they hope to find a financial institution in Japan to act as an agent for guaranteed futures trading." ”

Mitarai Hisaku shook his head when he heard this, and said, "We, Sawada Co., Ltd., are a large financial institution and do not accept small investments. I think you might as well go to Nerima and find an agency brokerage company, although they are not very qualified, but they are not picky about customers. ”

"But ......" Honami Suzuki hesitated a little in front of the authority of her senior.

"I'm so sorry, but allow me to interject." Zhou Shuo suddenly stood up and said in Japanese: "May I ask what is your company's account opening line?" How many times can you offer margin trading? ”

Mitarai put away the faint coldness towards Honami Suzuki, raised a finger seriously and said, "At least 10 million yen, we offer 50%, 30% and 10% margin trading." ”

"Can't you offer 1% margin trading?" Zhou Shuo asked.

The so-called margin trading refers to a transaction in which the funds in the customer's account are used as margin and the financial institution provides financing. That is to say, when the customer buys and sells futures, it only pays a certain amount of margin to the financial institution, and when the price to be paid and the securities to be delivered are insufficient, the financial institution will advance the payment and act as an agent for the futures trading transaction.

However, this kind of margin trading itself is very risky, if the market fluctuations exceed the percentage of the margin, the financial institution will immediately liquidate the customer, the margin is used to cover the loss, and the customer will lose all his money.

In other words, this trading method will greatly reduce investors' ability to resist market risks.

Mitarai Jiu looked Zhou Shuo up and down, nodded and said, "Then it depends on Zhou Jun's investment amount." ”

"150 million yen."

Mitarai was stunned for a while, but he didn't expect that the Chinese on the other side could come up with such a large sum of money. This was 1995, when the yen exchange rate was at its highest, but it was not the Japan that the United States had sheared several stubbles of wool 20 years later.

"I'm afraid I can't decide on this matter. Zhou Jun, please sit inside, and I'll ask the manager to come and see you. ”

Mitarai first let Zhou Shuo and his party into the reception room, and then brought tea over, and then bowed respectfully and went out.

Not long after, the manager Abe Kuan rushed over.

Abe Kan is a rare tall man in Japan, with a height of more than 1.85 meters. A faint stubble was left on his resolute face, which, combined with his deep facial features, made him look quite energetic.

"Hello Zhou Jun, hello Wu Jun!" As soon as Abe Kuan came in, he first bowed to the two of them. Then he instructed Mitarai to replace the two with new tea, and put fresh fruit bowls and cigarettes on the table.

"Let me introduce myself, contemptible Abe Kan, manager of the Tokyo branch of Sawada Corporation. Does Zhou Jun want to invest in the Japanese futures market? We are more than happy to provide you with the best quality service! ”

Zhou Shuo said with a smile: "Manager Abe Kuan is too polite, I hope to be able to get the support of 1% margin trading in your company, I wonder if it is okay?" ”

Abe said cautiously: "Please allow me to confirm, can Zhou Jun's margin reach 150 million yen?" ”

Zhou Shuo nodded and affirmed: "Yes, one hundred and fifty million." ”

"This-" Abe Kuan groaned and nodded in response, "Okay, I can call the shots and provide you with 1% margin financing services." ”

Zhou Shuo stretched out his hand, nodded and said, "Then I wish us a happy cooperation." ”

"Don't worry!" Abe Kan shook his hand and said, "Sawada Co., Ltd. will definitely be your best partner." ”

"So, shall we sign the contract now?" Abe asked tentatively.

Zhou Shuo was noncommittal to his question, but asked, "By the way, what time is it today?" ”

Abe Kuan looked at his watch and hurriedly replied, "The 16th, January 16th, Monday!" ”

"Then we'd better hurry." Zhou Shuo took out the checkbook and said, "I hope to be able to enter the market today." ”

This time, Zhou Shuo came to Japan and gambled all the funds he could raise, including the payment from Microsoft for the goods in December last year, and then the dividends from Xinke Company, plus the remaining some in his hand, he finally made up two million US dollars.

At a yen exchange rate of 1:79, the money became 150 million yen when it entered the Japanese branch of Citibank in the United States. If this is used as a margin, calculated with a leverage of 1%, Zhou Shuo will be able to leverage a huge amount of 15 billion yen.

Equivalent to $200 million in 1995 dollars.

In the face of money, the speed of formalities has always been used to break through. The deposit of two million US dollars is not a lot in Japan, where the economy is still very prosperous. However, financial institutions have never relied on margin to make money, margin is only a means for them to avoid risks, and the funds leveraged by margin are the source of their wealth.

When an investor entrusts a financial institution to invest on its behalf, the financial institution will use margin as collateral for financing and purchase futures with financing. When futures are bought, financial institutions pledge these futures to banks. In this way, the difference between the interest paid by the bank for futures and the interest paid by the financial institution for financing is their income.

If someone dares to take 10,000 yuan and trade with 0.0001% margin, it is the profit of the difference between the interest of 100 million yuan......

Of course, there will be no fool to make this transaction, because of the 1/10,000th margin, which can't even pay the handling fee.

Mitarai sat in front of the computer in the trading room, crackling on the keyboard. After the screen interface switched for a while, he said with satisfaction: "Zhou Jun, your funds have arrived and you can operate." ”

"Well, wait." Zhou Shuo looked at the curve of the Nikkei index on the screen and said with a deep groan.

Mr. Abe walked in from the other side, and Sawada Co., Ltd.'s trading room was large, and the island-style office area dotted around looked quite stylish. Traders are either talking on the phone, pressing calculators with their fingers, or staring intently at the trading curve......

"Japan's economy is gradually recovering, and it is a good idea for Zhou Sang to invest in the Nikkei now." Abe Kuan walked over and said unexpectedly.

Zhou Sang shook his head and said categorically: "Buy it, 15 billion yuan, and go all out to short sell Nikkei stock index futures." ”

"What a shame, huh? Short selling? "Mitarai has been in the road for a long time.

"Sell short with all your might, quick!" Zhou Shuo patted him on the shoulder and said.

"Uh, hi!" The customer's request is an order, and Mitarai is quickly operated.

The purchase of 15 billion yen was not achieved overnight, and Mitarai had to assign tasks to other colleagues who had time. In the spacious trading room, there was a muffled sound of each other.

Seeing that Zhou Shuo actually went against his suggestion, Abe Kuan hurriedly lowered his head to check the price of the Nikkei.

At 19225 points, Abe breathed a sigh of relief. The 15 billion yen was like a bill thrown into the water, and it didn't even pop up in the market, and it was as calm as if nothing had happened. Even, more than ten minutes later, it was still slowly rising.

It's 19231, Abe laughs. Shaking his head, he said: "Zhou Sang, the Nikkei index has no effect, I advise you to adjust your thinking." ”

Zhou Shuo smiled warmly, and said unaffected: "Don't worry, take a look." ”

15 billion yen is being consumed at a rapid pace, and the number of accounts is decreasing sharply, and the red number in the loss column is rising.

"Manager, Nick Lisson of the Bank of Bahrain has shot again, a billion yen." A trader suddenly ran over and shouted at Abe. After this person finished shouting, he also glanced at Zhou Shuo demonstratively.

Of course, the Bank of Bahrain is a long-established brand with a history of more than 200 years, at least nominally a formal commercial financial institution, and it is impossible for them to trade their investments with 1% margin. The funds that can be leveraged by one billion yen are not much different from what Zhou Shuo can use. But this is only a wave of investment by the Bank of Bahrain, which shows the strength of its capital.

Abe Kuan casually found a place to sit down, looked at the computer, and then stood up and gave orders: "We will also follow up, 100 million yen, 10% margin, hurry!" ”

"Oh, hi! Manager onboard! The enthusiastic response from the traders was not unlike the whispers of Zhou Shuo when he sold the Nikkei stock index.

Time passed little by little, the closing time was approaching, and the trading room was filled with celebratory sounds. The Nikkei stock index climbed slowly and finally stuck at the figure of 19,241, that is, they invested and generated at least 500,000 yen.

It's not a small number, but it's solid evidence that Japan's economy is recovering.