NOVEL NEXT Chapter 16
Chapter 16: National Debt
Coastal Road is the most prosperous commercial center in Ludao City, surrounded by new high-rise buildings, shops and office buildings, and it is an absolute central area.
Wanbang Securities is located in the center of Yanjiang Avenue, which is also Zhao Jiangchuan’s destination this time.
The billboards with four big blue characters made Zhao Jiangchuan’s eyes very complicated. These four characters once witnessed the historical changes of the domestic financial market.
Even Zhao Jiangchuan could not comment on Wanbang’s subsequent ending.
After all, it is easy to know what is right or wrong when looking at the development of events in the known history, but when standing at the moment, no one knows what the consequences of a decision will be.
Founded in early 1988, Wanbang Securities has always been the largest securities company in China. Its primary market underwriting business accounts for 60% of Huaguo’s total share, and its secondary market brokerage business also accounts for 40% of the country’s total.
Authoritative financial institutions in the United States and the United Kingdom unanimously rated Wanbang Securities as the largest securities company in China.
Guan Pingsheng, the person in charge of Wanbang, even played the banner of “Wanbang Securities, the Kingdom of Securities”, claiming to make Wanbang the Nomura and Merrill of China.
At the end of 1992, Wanbang Securities cooperated with Li Chengcheng to acquire Heungkong Volkswagen, a listed company in Heungkong in one fell swoop, completing the first acquisition of an overseas company by a mainland securities company and becoming the controlling shareholder.
Repeated feats have made Wanbang continue to grow. If there are no accidents, maybe Wanbang may really become the Merrill Lynch of China.
It’s a pity there are unforeseen circumstances…
Unpredictable!
As the largest securities company in the country today, Wanbang’s business office in Ludao is very luxurious. The entire four floors upstairs and downstairs are the site of the Wanbang family.
However, when Zhao Jiangchuan walked into the sales department, he was immediately dumbfounded by the scene inside.
“Shenma Industry News Third Hand…”
“Oriental Pearl sold ten lots…”
“Help me pay for the third-hand New World…”
“Quick, get out all the Lechuan electricity in my hand…”
“I heard that Aijian shares has recently received a big business. I guess it will definitely rise. Old Zhang, if you buy some with me, you will definitely be able to make money…”
“Old Li, the Chinese New Year is approaching. People must be preparing for the New Year, right? Didn’t you go to the Fulian shopping mall to buy things a few days ago, so ah, the Fulian shopping mall will definitely go up recently…”
“Damn, how could the permanent stock price fall? How could the stock price of such a good company still fall? I even bought a bicycle two days ago…”
“…”
In the business hall of Wanbang Securities, the quotation clerk in the red vest kept writing the market information on the blackboard, and the caller kept yelling at the quotation given by the customer, so that the operator could buy and sell the red vest in the exchange.
A group of uncles and aunts in their 40s and 50s gathered in groups of three or five, chatting about their views on the stock market from time to time.
There are also many people who are leaning on each other and whispering, telling some inside information that they know, hoping that they and their friends can take the opportunity to make a fortune.
The customer service staff at the counter were also busy, constantly taking the filled out quotations from customers, and calling the red vest of the exchange to buy and sell while approving them.
Most of them are standing in front of the big screen provided by the securities company, watching the stock prices that keep flashing.
In the entire business hall, there are noisy shouts and voices everywhere, and even people will scold a few words from time to time because of the rise and fall of the stock. Even the largest vegetable market or amusement park is probably not as lively as the securities business hall.
After being stunned for a whole minute, Zhao Jiangchuan realized that in 1994, domestic securities exchanges were still making manual declarations, and things like computers could only be used directly by the red vests of exchanges.
It was not until after the return of Hong Kong in 1997 that some high-tech things began to gradually enter the mainland. Even then, only people in the major offices of securities companies could use computers to operate them.
Zhao Jiangchuan couldn’t help frowning. Earlier, he ignored the influence of the background of the times on the transaction. With the current transaction method, which can only be filled out in the sales department, it is difficult for him to hide his roots.
There are so many people in the business hall, as long as he fills in the quotation, someone will definitely know.
Once he has made a huge amount of capital in the market, it will definitely spread out in minutes that there will be a **** of the stock market here, which is not the result he wants.
Making a fortune in silence is the kingly way.
A title like a stock god, in addition to attracting trouble, is also easy to be targeted by people who are interested in it or regulators.
However, in this situation, Zhao Jiangchuan is helpless. Even if he finds a way to get a computer from Xiangjiang or other places, it may be a problem whether he can access the market online.
What’s more, he also knows that the current computer is more than 30,000, and it’s still the kind of configuration that he finds annoying. With the current amount of money in his hand, he really can’t use it like that.
Since entering Wanbang’s sales department, Mao Xiaowu has not spoken. He has long been attracted by the environment in the sales department. In normal times, he would never have the opportunity to come to such a place.
You know, everyone who can come to buy stocks is rich, not to mention their students, even many adults can’t afford to play stocks.
In the sales department, everyone’s faces were filled with excitement, depression, excitement and nervousness.
Mao Xiaowu was deeply curious, he didn’t understand why these colorful numbers, these adults seemed to be more exciting than playing games. UU reading www.uukanshu. com
It was not until Zhao Jiangchuan stopped that Mao Xiaowu realized why Zhao Jiangchuan told him that he would find out later.
“Brother Chuan, do you want to buy stocks? I heard from my mother that this is all a lie…”
Liar?
Zhao Jiangchuan couldn’t help but laugh at Mao Xiaowu’s words. He wanted to say that the accumulation and dispersion of wealth is a scam. The pyramid structure of society that has remained unchanged for thousands of years has already explained everything.
But after seeing Mao Xiaowu’s concerned eyes, Zhao Jiangchuan couldn’t bear to let him know too much now. As a past person, he understands it better than too many people.
The preciousness of youth lies in ignorance and purity.
Zhao Jiangchuan smiled and said, “No, let’s buy government bonds.”
The word “National Debt” made Mao Xiaowu’s cautious expression relaxed, because the word “National Debt” carried the word “National Debt”.
Does the state still lie?
National debt, as Mao Xiaowu guessed, is a bond issued by the state, which is based on the credibility of the central government.
General treasury bonds include treasury bonds, national key construction bonds, fiscal bonds, special bonds, directional bonds, value-protected bonds, convertible bonds, etc.
With the country and the government as the basis for credit, the issuance of treasury bonds is often difficult to get a single vote. In the 1990s, if you wanted to buy treasury bonds with higher interest rates than banks, it was not at all related, but it was difficult to buy.
It can be said that treasury bonds are a kind of investment that can make a profit without losing money.
Mao Xiaowu usually listened to his mother’s nagging at home, hoping that the Mao Ai Party would find a relationship to buy some treasury bills or other national debt.
But Mao Xiaowu didn’t know that the treasury bonds Zhao Jiangchuan said he wanted to buy were not the treasury bonds he had heard of.
It is a financial derivative instrument, Treasury bond futures.