wild 1995

Chapter 68
"Mr. Di, Miss Xia, how about going to the Red House to eat western food tonight?"

"Thank you Mr. Tang for your kind invitation, but let's eat something casually here. You are the director of the stock exchange, and you will be very busy tonight, so you don't have time for western food."

Di Ye stood up from the sofa in the lobby, made an invitation gesture, and took Tang Renrong to the attached restaurant of the Paramount Hotel. While ordering food, he said, "Guan Jinsheng just went to the Pujiang Stock Exchange. After he and Wei Wenyuan finished their quarrel, Mr. Tang will probably receive a meeting notice."

Tang Renrong was shocked by his good news and asked, "How do you know that Guan Jinsheng went to the stock exchange?"

"Just now Secretary Wang and I saw Guan Jinsheng rushing out in the lobby. At this moment, he can only go to the stock exchange."

Tang Renrong looked at Secretary Wang, saw that he nodded in confirmation, and then continued to ask: "Why did Guan Jinsheng quarrel with Wei Wenyuan?"

"Because they had already had a quarrel at noon."

Xia Fangfei took out the miniature tape recorder from her handbag and said ostentatiously, "Mr. Guan said it himself. He went to Mr. Wei at noon to apply to cancel the 200 million illegal transactions when the market just opened in the morning, and then closed the market in the afternoon to let the market calm down. Mr. Wei didn't agree, so he was suffocated."

When the market just opened this morning, Xicheng Guotai Futures Company sold 148.5 million empty orders at a price of 200 in one go, but it did not stop the bulls' offensive, and the 200 million empty orders were digested in less than a minute.

After Tang Renrong witnessed the attack in his own trading room, he told his subordinates that it must have violated the rules, because Xicheng Guotai is a small futures company, and it can only hold a position of 15 lots at most, and 200 million lots is far more than he should have.

At that time, Tang Renrong guessed that Wanguo Securities was behind it. Now that Xia Fangfei said this, he realized that his guess was wrong, so he asked, "Miss Xia, when did Guan Jinsheng say these things?"

"At around 3 o'clock this afternoon, in the self-operated trading room of Wanguo Securities."

"You secretly recorded the conversation between Guan Jinsheng and the staff in the trading room of Wanguo Securities?"

Di Ye took the tape recorder in Xia Fangfei's hand, took out the tape from it, and said, "Fang Fei forgot to turn off the tape recorder when she visited Wanguo Securities, and accidentally recorded it. If Tang always thinks there is something wrong, you can give this tape to Guan Jinsheng. We promise that there will be no rumors."

Tang Renrong stared at the tape, his expression changed, and after hesitating for a moment, he said, "Keep it for yourself, as long as you don't spread it. Xiao Wang, we have never seen this tape before, do you remember it?"

Secretary Wang quickly assured: "I know, Mr. Tang can rest assured."

Di Ye laughed, put the tape back into Xia Fangfei's bag, and said, "Boss Tang and Secretary Wang don't need to be nervous, there is nothing sensitive in the tape, it's just some Wanguo Securities employees talking nonsense and anger in panic."

Tang Renrong shook his head and smiled wryly, and said, "Wan Guo's behavior of smashing the market just now has caused heavy losses to the bulls. Let alone angry words, even good words will be caught by people."

Di Ye handed the menu to Tang Renrong and Secretary Wang. Seeing that neither of them was in the mood to order, he ordered the waiter to serve the dishes as soon as possible. As a result, after two dishes were served, Tang Renrong received a call from Wei Wenyuan, asking him to go to the stock exchange for a meeting to discuss how to solve the mess caused by Guan Jinsheng's smashing of the market.

"Mr. Di, you quit the market shortly after the market opened this afternoon. Did you expect that Guan Jinsheng would use this method to destroy the market?"

"If there is one, there are two. Since the illegal operation in the morning has not been dealt with, the same thing may happen in the afternoon. I am just a small shrimp and cannot withstand such a big storm, so I chose to walk as the best plan."

Tang Renrong appreciated his sharpness, put the big brother in the briefcase, stood up and prepared to leave, and asked, "Mr. Di, do you have any ideas on how to deal with this matter?"

Di Ye got up to see him off, and said, "I don't have any ideas, just a thought."

"How do you feel?"

"Weakness and ignorance are not obstacles to survival, arrogance is."

Di Ye plagiarized this famous quote from "The Three-Body Problem", not for the sake of pretense, but because he really felt it.

At the beginning of 1995, the state announced that curbing inflation would be a key task of the government. Based on this, Guan Jinsheng judged that when the 6 national debt expired in June, the monthly subsidy rate should not exceed 327%. Based on the two-year subsidy calculation, the cashing price should be around 8 yuan, while the futures price in early January was above 144 yuan, so he decided to open a position and sell short.

At the end of January 1995, Wanguo Securities had already held 1 short orders of 40 treasury bond futures. However, on February 327, the People’s Bank of China announced that the value preservation subsidy rate was 2%.

At this time, if Guan Jinsheng could recognize the reality and close the position quickly, he would only lose a few million at most. However, driven by his arrogance, he insisted on the concept of "Wanguo Securities never admit defeat", believing that strength is overwhelming, as long as all the long positions are liquidated, he can win. So he went all the way to the dark, and the position did not decrease but increased. By February 2, he held a total of 23 million empty orders.

The cost of opening a position in Wanguo Securities is around 148.1. For every 327 yuan increase in 1 treasury bond futures, the loss will be about 2 million. On the morning of the 23rd, if Guan Jinsheng can put down his arrogance and close the position in time, the loss will not exceed 4 million at most. Although it will hurt his muscles and bones, he will not go bankrupt.

However, Guan Jinsheng continued to open more than 40 empty orders with the invincible thinking of Wanguo Securities, trying to suppress the long positions. As a result, as soon as the market opened in the afternoon, his ally Liao Guo reversed and closed all 50 empty orders.

At 4:20 p.m., the price of the 327 treasury bond fell back slightly to 151.3. Based on this price, Wanguo Securities would lose about 7 million yuan and face the risk of bankruptcy. If Guan Jinsheng gave up his son and gave up at this time, the Pujiang Municipal Government would definitely take action in order to maintain the stability of the financial market. There may not be no chance of a comeback in the future.

However, it is a pity that Guan Jinsheng, under the influence of arrogance, was unwilling to fail, and in an extremely crazy way, in less than 8 minutes, he sold 2070 million empty orders, blowing up all the long positions, directly destroying the entire treasury bond futures market, ruining his own career, and finally being imprisoned.

In addition to Guan Jinsheng, Dai Xuemin, Wei Dong, Liu Han, Dai Zhikang, Zhou Zhengyi, Yuan Baojing, Chen Shulong and other people related to 327 treasury bond futures will all have more or less arrogance in their future endings.

Before Di Ye disappeared, he reminded Di Ye to always remember that he was just an ordinary person. Since then, Di Ye has always taken this famous quote from "Three-Body Problem" as his motto. Therefore, when he went to Pujiang to buy 327 treasury bond futures, he brought Xia Fangfei over and asked her to collect various information about the parties involved.

With Huang Ya's help, Di Ye obtained a total of 2300 million funds. Calculated with a 2.5% margin, he can leverage 9 million funds. Although it is not eye-catching in the treasury bond futures market with a daily turnover of tens of billions, it should not be underestimated. If there are undue fluctuations, he will suffer heavy losses.

So during the two days of February 2th and February 20st, Di Ye did not operate much, and kept a large amount of funds for backup. It was not until Xia Fangfei interviewed Guan Jinsheng and confirmed that his mentality and trading strategy had not changed. Then he invested all the funds in the afternoon of February 2nd.

After dinner, Xia Fangfei returned to the hotel suite, and while sorting out hundreds of photos that had already been developed, she asked Di Ye, "You said these photos can be sold for money, but who are you selling them to?"

"Today's incident has a far-reaching impact, and the aftermath will last for a long time. Selling now is easy to cause trouble. Just wait, someone will come to buy it on their own initiative in the future."

"How long is it in the future?"

Di Ye was half lying on the bed, looking at Xia Fangfei's enchanting figure, and said with a smile: "If you don't want to wait, sell these photos to me, and I will pay a high price."

"How tall is it?"

"How about a car of the same model as Wen Jing's family?"

Xia Fangfei has a driver's license and wanted to buy a car a long time ago. Hearing this, she was overjoyed and threw the photos into the suitcase. She flew onto the bed, lay beside Di Ye, and said with a smile, "It's exciting, fun and profitable things like today, and I will often take me to play in the future."

"Okay, next time I will show you something more exciting."

"What kind of stimulation method?"

Di Ye leaned into Xia Fangfei's ear and whispered a few words. After hearing this, Xia Fangfei's face changed drastically, she turned over, pressed Di Ye under her body, and said through gritted teeth, "Let me check if you have that ability first!"

(End of this chapter)