Shanghai Stock Exchange, International Stock Exchange.
In February 1988, Guan Jinsheng, who had returned from studying at the Free University of Brussels, left the trust company where he worked and joined more than a dozen shareholders to establish the first securities company in the Shanghai stock market, Wanguo Securities.
In just seven years, Wanguo Securities has become the largest securities company in China, and Guan Jinsen is also known as the godfather of securities in China and has been hired as a part-time professor by many universities.
However, once a person is in a high position, his ambition will become more and more inflated.
Guan Jinsen has never been satisfied with the backward financial market in China. The stock market has only emerged a few years ago, and stock index futures products are even more out of reach.
It was not until 1992, after conducting many international inspections and investigating the international financial market, that the Shanghai Stock Exchange designed and issued twelve futures contracts for the first time.
This also allowed Guan Jinsen to see an opportunity to fight a big battle.
With his many years of understanding of treasury bonds, he has been secretly paying attention to the 327 treasury bond product as soon as it came out.
Therefore, predicting the final redemption price of 327 Treasury bonds is an important factor in choosing whether to go short or long.
132 yuan!
This is the answer given by Guan Jinsen based on his many years of experience.
The market opened this morning.
Guan Jinsen sat in front of the computer and looked at the K-line chart that was constantly refreshing on the screen.
As expected.
The price of 327 Treasury bonds began to rise significantly.
The market closed at 135 yuan yesterday, and as soon as the early trading opened today, it jumped straight to the 140 yuan mark.
"It seems that the people with high mesophysics can't sit still for the first time."
In the office, Guan Jinsen looked at the computer screen with a deep expression.
At this moment, the phone on his desk also rang.
"Mr. Guan, the price has risen to 140, and the 327 treasury bonds have been rising all the way. I asked people to find out the news in Beijing. The subsidy rate for 327 treasury bonds will not be low this time. How about we open a path with China Economic Cooperation and work together?
Go long!”
On the phone, Gao Ling, general manager of Guofa Group, said.
Obviously, the soaring price of 327 Treasury bonds, coupled with the news he heard from the capital, made Gao Ling suspicious of Guan Jinsen's short-selling plan.
If the 327 Treasury bonds are really bullish all the way, then once they choose to go short, they are clearly setting themselves up for trouble.
This loss is not something they can endure.
Seeing Gao Ling's lack of confidence, Guan Jinsen held the phone and explained:
"Can you believe the gossip?
If the higher-ups really wanted to increase the subsidy rate, the news would have been released a long time ago. You have to remember that the news in the financial market cannot be trusted entirely."
On the other end of the phone, Gao Ling was still a little hesitant.
Guan Jinsen's face darkened and he said coldly: "Those who achieve great things must be firm-minded. I have been studying 327 National Debt for a long time. Don't you even believe me?"
"No, no, no, whatever Mr. Guan said, we two brothers have been under Mr. Guan's care for a long time. How can we not trust Mr. Guan?"
Hearing Guan Jinsen's words, Gao Ling quickly smiled and said: "In that case, we will follow Mr. Guan's arrangement on this matter!"
After Gao Ling said these words, Guan Jinsen had a smile on his face.
This time he chose to short 327 treasury bonds. Even with forty times the leverage, the amount of funds required was not small. He, Wanguo Securities, could not afford so much money, so he had to recruit the Gao brothers as an ally.
After some explanation, Guan Jinsen hung up the phone.
And far away in Liao Province, in the office of Guofa Group.
When Gao Ling hung up the phone, his younger brother Gao Principle quickly came over.
"Brother, what did Jin Sen say?"
Gao Ling said expressionlessly: "You don't know Guan Jinsen yet?
This person thinks very highly of himself, how could he possibly listen to what we two brothers have to say?"
"Does he still want to insist on short selling?"
Gao Yuan was stunned for a moment, then said again: "Then what should we do?
Should I choose Guan Jinsen or China Economic Development Bank?
Director Wei personally called us yesterday and revealed the news about the 327 national debt."
Hearing what his younger brother Gao Yuan said, Gao Ling also showed a somewhat tangled look on his face.
"Although Jinsen is right, the news is false and true. We cannot guarantee that what Director Wei said is true."
After thinking for a moment, Gao Ling finally made a decision.
"First invest some funds to deal with Guan Jinsen. The news that Director Wei said should be confirmed within the next two days at the latest. Once the news is confirmed to be true, we will immediately turn around and follow China Economic Development and go long."
As the top leader of Guofa Group, although Gao Ling is not as resourceful as Guan Jinsen, Wei Dong and others, he is definitely not a fool for being able to reach his current status.
He would not wholeheartedly follow Guan Jinsen to sell short, so naturally he wanted to be prepared.
"Eggs cannot be put in the same basket. I agree with the elder brother's approach."
After hearing what Gao Ling said, Gao Yuan also nodded in agreement.
The two brothers have worked hard step by step to get to where they are today, all thanks to this caution.
…
Noon on February 22nd.
Outside the gate of the Shanghai Stock Exchange.
The morning market has ended, and all the investors who were watching the market have gone home in twos and threes, but many people are still gathering in the hall to discuss the situation of today's morning market.
"What did you bring me here for?"
At this time, after getting out of the taxi, Lu Qiuyu looked at the business hall with the stock exchange sign in front of him and asked Chu Tianyao with a puzzled look on his face.
As soon as Chu Tianyao got out of the car, he suddenly turned around and caught a glimpse of a black tiger-headed Mercedes-Benz not far from the gate.
The driver was leaning outside the car smoking a cigarette, obviously waiting for his boss.
These days, those who can afford to ride like a tiger are naturally either rich or noble.
Chu Tianyao withdrew his gaze and did not explain to Lu Qiuyu.
"Since you want to follow me, don't ask any more questions."
After saying that, Chu Tianyao stepped into the hall.
Looking at Chu Tianyao's back, Lu Qiuyu snorted coldly and could only pouted and followed this guy.
She was naturally curious, what exactly did Chu Tianyao want to do here?
In the hall.
Chu Tianyao skipped all the stock panels and walked directly to the futures panel.
On the electronic screen, the real-time price of 327 Treasury bonds was displayed.
140 yuan!
This is the price after the end of morning trading, which has surged by five yuan compared to yesterday's price of 135 yuan.
"Although the news has not been officially reported yet, it seems that someone has confirmed it in advance."
Standing in front of the electronic screen, Chu Tianyao murmured to himself.
These days, computers are not even popular yet. If you want to check the prices of stocks and futures products, the most real-time way is to check the prices on the phone or watch the market on the trading floor.
"There are still ten minutes until the market opens at noon. Guan Jinsen should already have a lot of short positions in his hands, and China Economic Development Bank will probably continue to do long positions in the future."
Chu Tianyao looked at the electronic screen in front of him, and while he was deep in thought, the lobby manager Liu Shuqiang, who was wearing a formal suit, suddenly appeared in front of him.
"Hey, isn't this Mr. Chu?"
Liu Shuqiang showed a passionate expression.
Although he only met Chu Tianyao once, Liu Shuqiang was able to serve as the lobby manager of the exchange, but Liu Shuqiang had no ability to speculate in stocks, so his ability to recognize people was considerable.
It was not that he had never seen distinguished guests from large households, but this was the first time he had seen such a young and generous guest like Chu Tianyao.
Chu Tianyao bought a large amount of 327 treasury bonds that day. Not long after, 327 treasury bonds started to rise sharply.
What does this mean?
It shows that such guests are truly humble.
"Manager Liu..."
Looking at Liu Shuqiang in front of him, Chu Tianyao was also a little surprised.
“The exchange doesn’t close at noon?”
Liu Shuqiang grinned and said: "There is a break at noon, but I have to take good care of you as a wealthy and distinguished guest like Mr. Chu."
On the side, Lu Qiuyu was also stunned when she heard Liu Shuqiang's words.
A distinguished guest in a large household?
Of course she was a little surprised. Chu Tianyao had only been in the Shanghai stock market for a few days, so how could he suddenly become a big player in the exchange?
"The market will open in a few minutes. Mr. Chu, why don't you go sit in the big room?
There is Lapsang Souchong black tea that just arrived in my office. Mr. Chu finally came here to try it."
In front of Chu Tianyao, Liu Shuqiang was completely flattering, and his attitude was so good that even Lu Qiuyu was a little surprised.