Rewards for merits, this is Ding Zhiyuan’s principle.

After hanging up the phone, he pointed out two stacks of 1,000 yuan each, put them in an envelope, and came to Gao Jianjun and Li Yong's room.

"Lao Gao, Lao Li, thank you for your hard work these days." Ding Zhiyuan put the money on the bed, "This is your bonus."

Gao Jianjun and Li Yong looked at each other and were at a loss.

Ding Zhiyuan asked with a smile: "What's wrong? I'm not happy to send you money?"

Gao Jianjun said: "We have only been working for less than a week..."

Ding Zhiyuan said: "This time is my private job. I will go back to Jinling tomorrow. I will pay the bonus for the private job first.

From now on, as I said last Sunday, the salary and bonus will be paid together at the beginning of each month.”

Gao Jianjun and Li Yong looked at each other, picked up the envelope at the same time, and were both stunned.

I quickly opened it and saw a thick stack of RMB with a denomination value of 10 yuan.

"Boss Ding, there are too many!"

"Yes, we haven't done anything these days..."

Ding Zhiyuan smiled and said, "Who said you did nothing? In my eyes, the messages you sent back are much more expensive than this thousand yuan.

OK, two brothers, don’t refuse, accept it.”

After coming out of Gao and Li's room, Ding Zhiyuan returned to the room and was about to take a shower and go to bed when he suddenly heard a knock on the door.

When I opened the door, I saw it was Hao Guoqing.

"What's going on so late?"

Hao Guoqing closed the door and said, "Brother Yuan, I have something to do and want to consult your opinion."

Ding Zhiyuan said: "You said."

Hao Guoqing said: "Brother Yuan, I have been to 5 trading counters in the past two days and found that the quotes on different counters on the same day are different."

Ding Zhiyuan asked with a smile: "What? Do you want to make a fuss between different counters?"

Hao Guoqing nodded, shook his head quickly, rubbed his hands and said, "I have this idea, but I am unsure, so I come over and ask if you can do it?"

Ding Zhiyuan said: "Although I have been staying in the hotel these two days, I can also guess that even if there is a interest rate gap between different counters, the interest rate gap is still very small."

I bought treasury bonds privately before, because the transfer market has not been opened yet, and there is no way to do it.

Now that the transfer market is liberalized, there is no need to purchase treasury bonds from door to door as before, but directly connect with securities companies, banks and other treasury bond intermediary institutions in various places.

This is convenient, efficient and safe.

Hao Guoqing's idea is essentially "off-site arbitrage", but he uses the quotation difference between different trading counters in Shanghai to arbitrage, which is considered a narrower version of "off-site arbitrage".

The key to off-site arbitrage is to take advantage of information asymmetry caused by distance and communication backwardness. Therefore, even if there is a temporary interest rate spread between different counters in Shanghai, it will quickly converge under the action of the invisible hand of the market until it is consistent.

Hao Guoqing said: "Yes, at most one or two yuan, some of them are only a few cents."

Ding Zhiyuan said without comment: "You are not the only smart person in this world. When more and more people use this method to arbitrage, the rate of return will become lower and lower.

High-frequency arbitrage like this has a yield of one thousand per day, and a yield of 30-40% per year is already very high.

If you have a capital of 300,000, you will have a daily yield of one thousandth, and it will only cost 300 yuan a day.

At least you have to have someone to lie on every counter, and you have to spend money on hiring people?

How can one person get 5 yuan a day?

Adding to the communication fee, the cost per day is nearly 200 yuan. How much do you have left?

What does this little money mean? It is capable but not worth it."

Hao Guoqing smiled bitterly and said, "Brother Yuan, your family has a great career, so naturally I don't like this little money."

I'm different. I'm a small business, I make 100 yuan a day, 30,000 yuan a month, 36,000 yuan a year!"

"No hope!" Ding Zhiyuan glared at him, "If you ask your brother-in-law about this, I will go back to Jinling tomorrow, and I will not get involved."

Not long after Hao Guoqing left, he came back with a slutty look on his face.

"What are you doing?" Ding Zhiyuan knew that he must have been scolded when he saw his bad looks.

"Brother Yuan..." Hao Guoqing cried with a sad face, "I called my brother-in-law, and he scolded me so much that I was so angry that I said I would go back and ask my sister to deal with me."

Ding Zhiyuan gloated and said, "It's okay, that's your real sister, at most you break your legs."

Hao Guoqing said dejectedly: "Brother Yuan, my brother-in-law said that I will give you all the money."

Ding Zhiyuan said earnestly: "It's National Day, I know you want to help your brother-in-law and want to prove it to them."

As young people, it is a good thing to be motivated, but treasury bills are not something you can play with."

Hao Guoqing sighed and said, "My brother-in-law also said that I am good..., why are you so stupid?"

"Li Ling Zhixin fainted." Ding Zhiyuan patted his shoulder, "If you have nothing to do, read more books. Okay, go back to sleep."

Hao Guoqing said pitifully: "Brother Yuan, even you laugh at me for being uneducated..."

Ding Zhiyuan said: "It is not scary to have no culture, but it is scary that it is not even laughable if you have no culture.

Get out of here, I'm going to go to bed!"

Hao Guoqing nodded and said, "Hey, I'll get out, I'll get out now!"

The next day was Sunday, and Ding Zhiyuan planned to visit the big Shanghai beach in the morning and buy some gifts for Ren Chong.

This time I left without saying goodbye, and only left her a note. During this period, I was so busy that I forgot to call her even the phone.

This little girl must have hated herself to death. In order to get less tired after she goes back, she can only work hard to get her wallet and use gifts to block her mouth.

Departing from Shanghai at noon and returning to Jinling in the evening.

Just as I arrived at the door with a big bag, the door opened by itself.

Ren Chong blocked the door with an apron around his waist and said with a smile: "Boss Ding is back? Welcome, please come in!"

When Ding Zhiyuan heard this, he felt a big deal and said with a thorn in his mouth: "I walked too fast that day..."

"Oh, is this the clothes I bought for me?" Ren Chong interrupted his explanation, took the bag from his hand, glanced in, his face turned red, and he quickly closed the bag and hid it behind him.

Ding Zhiyuan laughed and said, "Do you like it?"

"Can you have to have a good face?" Ren Chong gave him a blank look and whispered: "Don't touch me, my brother is in the yard."

There are two more dishes. You wash your face and rest. I will be fine right away."

Ding Zhiyuan finally put his heart back in his stomach. This girl pretended to be angry just now, but she actually felt sorry for me.

Alas, for the sake of this meal, I have to perform well tonight!

First, I moved the money from the trunk, washed my face and came to the balcony. I saw Ding Zhiwei sitting in the yard reading newspapers, walked over and sat down opposite him.

I picked up the teapot and poured a cup of tea. After drinking it, I didn't see the elder brother looking at him, and said dissatisfiedly: "I said brother, you don't even lift your butt when I'm back?"
Chapter completed!