wild 1995

Chapter 69 Urban Legends
“狄野，报纸上说昨天327国债期货成交量为4820亿元，其中86.6%属于万国证券休市前7分47秒抛出的空单…4820亿乘0.866等于多少？”

"4174.12 billion."

Standing outside the Pujiang Workers' Cultural Palace, Di Ye said to Xia Fangfei while taking photos of the Huangpu District Sales Department of Wanguo Securities, "Now do you know how big a historical event you witnessed yesterday?"

Xia Fangfei became a fake reporter for a few days, and became a little obsessed. She sighed with the attitude of an insider in the financial circle: "Wei Wenyuan dared to cancel more than 4000 billion transactions, how courageous!"

"The short orders that Guan Jinsheng smashed were fabricated indiscriminately by taking advantage of the loopholes of the Pujiang Stock Exchange's daily mark-to-market. They exceeded the limited positions and could not provide the corresponding margin. They must be cancelled."

"But in the last 8 minutes, not only Wanguo Securities was operating, there must be other people, and now they are all cancelled, they are very wronged."

"Think about those who are long. They originally made millions or even tens of millions, but within a few minutes they were cheated by Guan Jinsheng and turned from a big profit to a big loss, or even went bankrupt. Wouldn't it be more unjust? The stock exchange closed at 4:11 p.m., and the announcement came out at 6 a.m. In the middle of more than [-] hours, some people might have committed suicide by jumping off the building."

Xia Fangfei thought about it, so she stopped worrying about the cancellation of the transaction, closed the newspaper, and said dissatisfiedly: "The market is closed this morning, and there is no one in the sales department. Why are you here to take pictures?"

"This business department is one of the landmarks in the history of Chinese stocks. It has created many records. Now Wanguo Securities is doomed. It will either go bankrupt or be acquired and reorganized. The plaque here will definitely be changed in the future. Take a few photos as a souvenir."

After taking the photos, Di Ye completed the feeling of witnessing history, hung the camera around his neck, and said, "Let's go shopping and buy gifts."

Xia Fangfei threw the newspaper into the trash can by the side of the road, and Shi Shiran left.

A few minutes later, a passing office worker threw a paper cup with a little soy milk in it into the trash can, and just hit it on the newspaper, making the words "Wanguo Securities" and "China Economic Development" in black and white sticky, as if heralding the final outcome of the 327 national debt incident.

At 12:[-] noon, Secretary Wang drove Di Ye and Xia Fangfei to Hongqiao Airport, then returned to the headquarters of Haitong Securities, and reported to Tang Renrong the family history that Di Ye voluntarily disclosed.

Tang Renrong held a meeting at the stock exchange until 11 o'clock last night. He didn't go home to rest until the announcement of the cancellation of the last 7 minutes and 47 seconds of trading was released.

When Secretary Wang was giving the report, he was having a working meal with a few subordinates in the self-operated trading room. After listening to it, his already numb nerves were stimulated again, and he exclaimed: "Good guy! I thought Guan Jinsheng was crazy enough, but I didn't expect this kid to be even crazier. He actually raised more than 2000 million yuan in a single winter vacation."

"Mr. Tang, raising funds is not crazy. What is crazy is that you dare to speculate in the 327 national debt with the raised funds."

"It's crazy to lose the speculation, and wise to win the speculation. As long as this guy returns to Yuncheng to cancel the company and return the funds raised to the users, no one can pursue his responsibility. He earned more than 2000 million in vain."

"It's a great trick to play with chicken and eggs! Mr. Tang, this guy is definitely a financial genius, and he must be recruited from Haitong immediately."

"Absolutely can't be recruited, this person looks like the next Guan Jinsheng..."

Tang Renrong ignored the comments and teasing of his subordinates, and asked Secretary Wang, "What else did Di Ye tell you?"

"He said that Wanguo Securities is similar to his disc rental company. A large number of customers have deposited a large amount of funds in the company's account. This morning, major newspapers reported the news of Wanguo's huge loss. The stock exchange not only did not hold a press conference to appease public opinion, but closed the market instead. There will definitely be a lot of rumors. Rumors will stimulate customers and lead to a run. Mr. Tang reminded the city government to handle it carefully to avoid financial risks that spread across the country."

Tang Renrong was terrified. He couldn't care less about eating. He got up and ran back to his office. He made several calls in a row. After about 20 minutes, he returned to the trading room and told him, "I'm going to the stock exchange for a meeting later. Please don't mess around in the afternoon. Safety is the top priority."

"Mr. Tang, isn't that Di Ye too alarmist? Wanguo is not a bank, and even if it is a huge loss, it will only lose more than a billion yuan at most. It is not a big deal for the financial system."

"You know what! Rumors are flying all over the sky now that Wanguo is the leader in the securities market, and even it can make a huge loss. Are other securities companies losing money? If they can't even withdraw the deposits stored in Wanguo, who can say that they will be able to withdraw the deposits of other securities companies? When the time comes, there will be a run on us, and even we will be ruined."

After Tang Renrong finished cursing, he asked Secretary Wang, "When will Di Ye's plane arrive at Yuncheng?"

"About 1:50."

"When the time comes, you call him and ask his girlfriend not to publish the contents of the interview in the past few days in the magazine."

Secretary Wang couldn't help laughing, and said, "Mr. Tang, Ms. Xia is not a reporter at all, but a student of the English Department of the School of Foreign Languages ​​of Yunda University. The so-called "Man of the Business" actually stopped publishing as early as 1993."

Tang Renrong was dumbfounded, and after a moment of stupefaction, he asked, "Why did she pretend to be a reporter?"

"Di Ye said that finance is a game of numbers and psychology, so he looked at the K-line chart here, and Ms. Xia pretended to be a reporter to collect information on the employees of Wanguo Securities, and then combined them to speculate how strong their intention to short 327 was."

"Damn! These two are absolutely perfect."

"That Ms. Xia interviewed me, she asked questions very professionally, she looked exactly like a real reporter."

"Nonsense, you have never been interviewed by a reporter before, why do you think she is exactly the same as a real reporter?"

"Just because she is beautiful!"

Tang Renrong still had some disbelief and questioned: "Wanguo is Guan Jinsheng's voice. The information of ordinary employees is not important at all. His girlfriend just chatted with Guan Jinsheng at the dinner table. It is impossible to deduce how firm Wanguo's intention to short is."

Secretary Wang pushed the black-framed glasses, suppressed the shock in his heart, and reported in detail: "Mr. Tang, Ms. Xia said that she didn't gossip, but asked Mr. Guan three questions. First: Does he think the futures market is based on strength? Second, does he recognize the business philosophy of tit for tat and never compromise? Third, who is the person he trusts most in the company?"

Tang Renrong and Guan Jinsheng have known each other for many years and are very familiar with his character. During the meeting at the stock exchange last night, he also witnessed his extremely tough attitude. Hearing this, he said thoughtfully, "The answers to the first two questions are self-evident. How did Guan Jinsheng answer the third question?"

"Miss Xia said Mr. Guan mentioned several names, among which Zhang Lei, the deputy general manager of the brokerage headquarters, was the number one."

As soon as Secretary Wang finished speaking, one of his subordinates exclaimed, "Zhang Lei? I heard that yesterday he was solely in charge of trading decisions for Wanguo 327 treasury bond futures."

Another subordinate knew Zhang Lei, and said with hindsight: "Zhang Lei has never participated in the trading of treasury bond futures before. Guan Jinsheng actually asked him to make decisions. He really played the piano. No wonder he lost so much."

Tang Renrong also knew Zhang Lei, and he didn't have a good opinion of him. He felt that his character was weak and that he was just a rubber stamp of Guan Jinsheng. So he reviewed the three questions and found that as long as he knew the answer, he could immediately deduce the trading strategy of Wanguo Securities.

"Mr. Tang, Miss Xia said that Di Ye asked her to ask these three questions."

Tang Renrong was stunned again, wanted to say something, but didn't know what to say, so he kept silent, hurried to the stock exchange for a meeting, and then went to the city government with Wei Wenyuan for a meeting. After 2 o'clock in the afternoon, the meeting of the city government had just ended, and there was news outside that several sales offices of Wanguo Securities had a run.

"This Di Ye is really a fairy-like character. As long as he doesn't go astray in the future, his future is limitless!"

(End of this chapter)