Northern United Capital Headquarters.

The boss Dong Qinglai personally greeted a heavyweight guest at the door of the company.

"Boss Dong, how dare you work hard? Huang is really guilty. The Golden Kingdom, who got out of the car, looked at Dong Qinglai standing at the door, and hurriedly walked over and smiled.

"Director Huang, you are a distinguished guest, you are here today, the humble house is shining, it's not an honor, please inside!" Boss Dong also smiled and greeted.

For the director of finance around Gao Jianwu, who doesn't know about these large-scale investors, but if they can get a little bit of information as soon as possible, they will make a lot of profits in investment, and they are usually nobles who can't be invited.

"Boss Dong is polite, Huang came uninvited today, please forgive me for the disturbance." While being polite, the Golden Kingdom entered the building of Northern United Capital side by side with Boss Dong.

A company that can invest tens of millions of dollars in bonds is already a powerful capital group in this time and space. What's more, the main target of their investment is not bonds, but stocks.

Now they have invested more than 200 million yuan in various company stocks.

Behind the Northern United Capital is a group of older generation of coal mine bosses, Gao Jianwu has built a lot of construction and infrastructure, not only public investment in energy and infrastructure.

At the same time, it has also opened up private capital into coal, iron ore and other fields, in fact, in recent years, nearly 40% of the investment has come from private silted capital investment, which has made the construction plan of Gao Jianwu greatly ahead of schedule.

Even if it was a huge war bruise. But once the power of the people is activated, Gao Jianwu can't imagine that they can come up with so much real money to open up energy and mine construction.

When the policy was issued, the people really took out hard currency such as gold bars, oceans and even silver ingots, and thirty or fifty people gathered millions of yuan in capital to be qualified to open large-scale mines.

These inputs generated a large amount of turnover immediately after the mine's capacity was released. For some well-informed and active-minded bosses, the opportunity to make a fortune in trading in the northern financial market was quickly seized by them.

The stocks of the companies under Gao Jianwu's auspices are certainly the objects of their scrambling, even if they are construction bonds, in the eyes of these cash-rich mine bosses, they are also a good place to make money.

It's just that they soon found it difficult to make the most of this financial trading market if they were alone, so some of them joined forces to form Northern United Capital, employing professionals to operate professionally for their capital.

"Boss Dong, I'm here this time with a mission." After the two sides exchanged pleasantries, El Dorado went straight to the point.

"You should know that the bond market is a little abnormal now, and the fall of bond prices has made the bond market become noisy and has deviated from the normal track, and our financial department will not sit idly by and ignore this abnormality."

"Director Huang, we also think it is very strange when we talk about this, why all of a sudden the bonds have fallen so much, and some of our shareholders are now worried. Director Huang, who is making waves? With such a large trading volume now, this batch of capital should come from a lot of money. Dong Qing said. As soon as he heard the words of the Golden Kingdom, he understood that the Golden Kingdom had nothing to do but ascend to the Three Treasures Palace.

However, as participants, they are still a little confused about the changes in the bond market.

Although the details of bond transactions are announced every day, they do not have the ability of the Golden State to get the capital contributors behind each transaction partner, so they have not yet figured out the details of the latest big dealers, so they have not dared to act rashly recently.

Anyway, for them, the biggest thing in buying bonds is to absorb chips and wait to cash out and eat interest, and to be able to trade high and low to absorb some price differences, which are all unexpected surprises.

"Because recently our bond market has ushered in a group of overseas speculative capital, their goal is to harvest our investors in the bond market by suppressing the bond market, obtaining low-priced bond chips and then pulling up the shipment to make profits." El Dorado does not hide this problem, "so now we need to fight back against these speculative capital orientations." ”

"But at the moment, these overseas speculative capital are using our existing rules. From an investment point of view, we can't catch them, and there is no way to punish them from the regulatory point of view. ”

"I see. I will say where such a big capital comes from in China to make waves, if it comes from overseas capital, then everything makes sense, they will not care about the life or death of our trading market, as long as they get profits, they can do anything. After listening to the words of the Golden Country, Dong Qinglai nodded and said.

"It's just that now we don't restrict the entry of overseas capital, and if we can't restrict them from a regulatory point of view, their strength is so strong, how can we fight back?"

"If a single institution really can't solve this situation, but our mainland capital can unite to confront them." El Dorado said.

"Director Huang, frankly speaking, we don't have that capability yet. Our Northern United Capital is already relatively strong in the capital world, but our investment in bonds is only 20 million, and the cash in hand is not more than 10 million. Our capital volume simply cannot exert much influence on the bond market, which is now worth hundreds of millions of yuan. ”

"As far as I know, the situation of other institutional investors is similar to ours, there are few who have invested more than 10 million in bonds, and everyone's main capital investment is still in stocks, bond market, in fact, most of the participants are tens of millions of yuan of retail investors, they regard this as a way of financial management, as a deposit bank."

Dong Qing said.

What he said is actually the mainstream of the current bond market. Before overseas speculative capital came in, institutions actually regarded bonds as a relatively flexible way of cash management, after all, bonds can be sold quickly, and the bonds themselves also have interest as a backing. Relatively speaking, this is a very solid and low-risk investment.

"Boss Dong, what you said is not wrong at all. Institutions alone cannot compete with overseas speculative capital with their own capital. Therefore, we hope that leading capital institutions like you can unite a group of capital and set up a bond fund to raise funds to carry out bond trading. El Dorado said.

"For this bond fund, on the one hand, we give the policy to allow private retail capital to enter, 300/500 yuan is also eligible to participate in the bond market transactions to make a profit, on the other hand, we can also give low-interest funds to support, each of you only needs to use stocks and bonds as collateral, we provide low-interest funds with an annual interest rate of 2% to deal with the bond market Chinese and foreign capital showdown.

Boss Dong, do you think this way, can Northern United Capital take the lead in setting up one first? ”

Dong Qinglai didn't expect such a good thing.

In order to save the market, the financial department gave the cake directly to his head.

You have to know the price of the current bond market. Not to mention giving such a low interest, even if he can give it at the normal interest, he will be profitable. It's just that there is no such thing as a 1:1 stock mortgage. Generally, there is a discount of seven or eight percent.

Stocks are 7% off, bonds are 8% off, but banks attach great importance to risk prevention.

Of course, there is no such leveraged operation method as futures in the current trading market. Therefore, if the stock market and the bond market want to increase leverage, they need to be enlarged by mortgage loans.

Of course, the road of enlarged transactions is also a privilege only for investment institutions with a scale of millions of yuan, and ordinary retail investors do not have this qualification, and ordinary retail investors need to mortgage other fixed assets to obtain loans in disguise, and ordinary people do not dare to operate in this way.

Such restrictions are actually a protective measure for ordinary retail investors. After all, whether it is the stock market or the bond market, it is a high-risk trading market.

People who are incompetent are better off not getting involved.

"Director Huang, what is the proportion of these low-interest capital loans you mentioned?" Dong Qinglai's heart was pounding, if this matter was handled well, his Northern United Capital would suddenly seize a rare opportunity to make a lot of money.

"Preliminary internal decision, at the current stage for you to achieve 1 to 2.5 low-interest loan support, for your Northern United Capital, with more than 180 million stocks in hand, plus 20 million bonds, we can provide 400 million yuan of low-interest loan support!

It's just that this kind of loan is very timely, and it is an extraordinary work, and Boss Dong must not only do a good job of confidentiality. Moreover, the bond fund must continue to operate in accordance with normal operation in the future, mainly to hold, supplemented by trading profits, and must not use the advantages of funds in hand to interfere with market conditions. For such two major requirements, can Boss Dong do it? El Dorado said.

If the news leaks out and proves that the Ministry of Industry itself has personally ended up, this appearance will be too ugly. The blow to the trading market is very severe. But if such a problem is solved through the hands of private capital.

None of this exists.

Therefore, Gao Jianwu's proposal to gather non-governmental forces is a premise, and the way of gathering must be skillful, and the official color cannot be revealed.

But now it is much easier to find two or three leading companies to set up a capital alliance fund.

"There's no problem on my side, Director Huang, please rest assured, don't say that the plan given by Director Huang will make a steady profit, even if we suffer a little loss, we will cut off the claws of overseas capital and protect our hard-won financial trading market.

Northern United Capital guarantees that at least 30 or more capital institutions and large investors will be united, and we will jointly set up a large bond fund, with a capital of at least 1 billion yuan of stocks and bonds, and if we are given 1 billion yuan of financing, we will be very confident in fighting overseas speculative capital. Dong Qinglai said confidently.

In fact, Dong Qinglai saw the situation of the bond market very clearly, that is, overseas speculative capital oppressed people with momentum, and they relied on their strong capital to absorb chips first, and then sold a large number of them, and the domestic capital in the market simply did not have the ability to undertake the selling pressure, which allowed them to continue to suppress prices in a left-and-right trading mode.

The recent concentration of trading volume in the market on almost a dozen accounts speaks for itself.

But Dong Qinglai, these domestic capital institutions can only watch, their only choice is to keep their positions still, honestly waiting for the maturity of the repayment of principal and interest, anyway, this way is only a matter of time, their financial management of these professional institutions is originally to repay the principal and interest as the biggest goal, and the profit from the middle market transaction is secondary.

Therefore, in the bond market, before overseas speculative capital came in, the trading price of construction bonds at the same par and interest rate remained relatively consistent, with only a few percentage points of discount in the middle.

"Okay, Boss Dong, the first bond fund is your Northern United Capital, you have worked hard to establish this fund as soon as possible and come to our financial department for the record, and I also have to find two families to disperse, so as not to cause the market to react to this transition." After the El Dorado finished talking about business, he left.

Now that it's time to burn the eyebrows, El Dorado doesn't dare to waste any time, and starts lobbying for the next one non-stop.

With the benefits of almost nothing, there is obviously no problem with the lobbying of the El Dorado, no one is blind and does not see that this is a good opportunity to hand over the financial department and obtain real benefits, the three major bond funds were born at the speed of light, and then according to the financial assets of the fund's financial assets mortgage, three special bailout funds totaling 1.5 billion yuan have been put on the accounts of the three major fund companies.

Backed by abundant cash, there was an immediate strong buying in the bond market, and with the three major funds unilaterally buying bonds, the bond market immediately began to reverse.

Overseas speculative capital consortium.

In the face of the sudden strong buying, everyone began a heated dispute.

"Ladies and gentlemen, our situation is not good, today we have sold nearly 30 million bonds, our suppression is no longer good, the bond market has shown signs of reversal, will we continue to sell and suppress tomorrow?" Although William said that he did not make a clear statement, the inclination was already obvious.

"I suggest another day of suppression, the capital here is supposed to be unable to undertake such a large sell-off volume for us, we have already seen before, the strongest Northern United Capital in the market is only about 20 million bond positions, although their cash flow can not get information, but in terms of the total size of the transaction, it should not exceed 5%-10% of the cash holdings, so that the maximum is about 20 million cash.

This shouldn't be able to stir up the wind and rain, why did it suddenly undertake our 30 million sell-off? Martin was puzzled, but still wanted to hold on.

Ask for a commuter pass.

(End of chapter)