wild 1995

Chapter 65
On February 1995, 2, Sunday, at 19:10 in the morning, in the waiting room of Yuncheng Nanxi Airport.

"Xia Fangfei, an intern reporter for "People of the Business" magazine... Hey, Di Ye, is this certificate real?"

"You don't know if you are a reporter?"

Xia Fangfei waved the ID in front of Di Ye, and said with a smile: "You know I like acting very much. The name on it is real, and the photo is also real. Now I'm a little confused."

Di Ye was reading the newspaper, and added without looking up: "The magazine is also real, but it was ordered to stop publication just after two issues were published."

"Why was it suspended?"

"Because this magazine is an income-generating project run by my brother-in-law's publishing house, which collects money to write biographies of upstarts who want to be famous. Because the writing is too outrageous, it was reported by readers."

"it's a pity."

At this time, the broadcast announced that the flight to Pujiang started to check in. Di Ye threw the "Economic Daily" and "Pujiang Securities News" that he bought in the morning on the seat, dragged the suitcase and walked towards the ticket gate. Xia Fangfei followed him, chirping: "If I fail the interview in the capital next month, how about becoming a real reporter? It should be fun to run around the country and interview various celebrities."

"You follow my command this time. If you can collect enough information, let alone running around the country in the future, running around the world will be fine."

The straight-line distance from Yuncheng to Pujiang River is about 500 kilometers. In 2023, it will take more than two hours to get there by high-speed rail. However, in 2, the average speed of the train was only more than 1995 kilometers per hour.

When they arrived in Pujiang, Di Ye took Xia Fangfei to live in the Paramount Hotel opened in 1992. After lunch, he opened the suitcase, took out his camera and a miniature tape recorder, and said, "The 6th to 8th floors of this hotel are the trading headquarters of Wanguo Securities. Tomorrow, as an intern reporter, you will go and get close to people from Wanguo Securities."

Xia Fangfei didn't know much about the financial world, and didn't know the status of Wanguo Securities in the arena. She just thought it was fun and asked, "And then?"

"Then you look for an opportunity to see if you can do a simple interview with Guan Jinsheng, the president of Wanguo Securities, and ask which questions I have already written, and you can memorize them."

Di Ye picked up a notepad, took out a group photo cut from a newspaper, pointed to the person in the middle of the photo wearing a long gray trench coat and said, "This is Guan Jinsheng, don't mistake him, if you don't have a chance to interview him, just snap a few photos of him, it will be useful in the future."

Xia Fangfei took a closer look, memorized his features, and asked, "I'm going to interview him, what are you doing?"

Di Ye moved his finger a few centimeters to the left, pointed at a person in a black suit, and said, "I'm going to contact this person, Tang Renrong, chairman of Haitong Securities."

Xia Fangfei was a little puzzled, and asked curiously, "You came to Pujiang to speculate in treasury bonds this time, why do you want to contact these people?"

"It's not treasury bills, it's treasury bond futures. If my calculation is correct, in three days' time, Pujiang Stock Exchange will usher in a big fight. If you can record the whole process, not only can you sell it for money, but you can also use it as a qualification to become a reporter for any domestic newspaper."

Xia Fangfei immediately felt a sense of excitement to participate in historical events, and asked, "What kind of chaos?"

Di Ye was amused by Xia Fangfei's eager expression, picked her round chin with his index finger, and said, "I can't tell you, because you have to maintain this ignorant state so that you can get close to people from Wanguo Securities. No one likes to express themselves in front of beautiful women."

Xia Fangfei was delighted by his praise, but dissatisfied with his concealment, she pouted and said coquettishly: "You don't like to show off in front of me, no matter what you do, you are always mysterious."

"If you perform well this time, no matter what I do next time, I will discuss it with you in advance."

"Really?"

"Really, although I hide many things from you, I never lie to you."

The securities company was closed on Sunday. Di Ye and Xia Fangfei wandered around and enjoyed a romantic time. The next morning, they split up. One went to Wanguo Securities to inquire about information, and the other went to Haitong Securities to handle major client business.

In the 90s, the domestic securities market was still relatively small. The 1500 million funds belonged to super-large households, most of which were enterprises, and there were very few private players. Therefore, Di Ye attracted the attention of Haitong Securities and arranged for him an independent operating room, which was equipped with sofas, desks, and even a bed for naps.

After the key account manager arranged everything properly, he immediately went to the chairman's office to report to Tang Renrong. After hearing this, Tang Renrong asked doubtfully, "Is this person a college student in his early 20s?"

"Yes, he said he was going to write a graduation thesis and asked me if I could buy some books on computers. I have already sent someone to Xinhua Bookstore to look for them."

"Writing papers in a securities company, this person is really unique. What kind of business does he do?"

"Treasury bond futures."

Tang Renrong's heart skipped a beat, and he immediately decided to meet Di Ye. After knocking on the big operator's operating room, he found that Di Ye was typing on a laptop computer, without even looking at the desktop computer displaying market prices on the desk.

Such a young and weird customer left a deep first impression on Tang Renrong. After he introduced himself, he asked, "Which university is Mr. Di a top student?"

"I'm from Yuncheng University. During the winter vacation, I studied the national bond market and found that it is profitable to be long on 327 national bond futures. I made some money to play, and I have to go back to school in a few days."

Among the key universities, Yuncheng University belongs to the tail of the crane. Its reputation is not obvious. Tang Renrong has never heard of it. Seeing Di Ye's calm face, he took the initiative to tell the variety and direction of his operation, and he seemed to be sure of winning.

"Thank you Mr. Tang for your guidance, I won't do it in the future."

At this time, the secretary came to inform Tang Renrong that Mr. Gao of Liao Guofa had an urgent matter with him. Tang Renrong left the operating room and went back to his office. He met Gao Ling, the chairman of Liao Guofa (Group) Co., Ltd., and learned that he wanted to use Haitong Securities’ position to short 327 treasury bond futures.

According to the regulations of the Pujiang Stock Exchange, each securities company has a limited position in treasury bond futures, so mutual borrowing of positions between peers is a routine operation. However, when Tang Renrong heard that Gao Ling was going to short 327 treasury bond futures, he thought of Di Ye's steady winning, and suddenly felt an inexplicable sense of crisis.

"Before I came, I knew that you were eager to close the empty order at 316. I happen to have a long order at 316. I can help you close the position, and then you can help me open an empty order at 327."

Haitong Securities had about 40 short positions on 316 and was eager to close them. Gao Ling offered such a condition, and Tang Renrong couldn't refuse it, so he had to agree.

At about 11:316 the next morning, after Tang Renrong finished handling the empty order for 327, he did not immediately help Gao Ling open the empty order for [-]. Instead, he approached the key account manager to inquire about Di Ye's situation.

"Mr. Di transferred another 500 million funds over today, all of which were used to go long on 327 treasury bond futures."

"Is he still the same, not looking at the market, just writing papers on a laptop in the operating room?"

"Yes."

When Tang Renrong heard this, the sense of crisis in his heart became even stronger. When Gao Ling brought a check of 5000 million to borrow a position to open a 327 short order in the afternoon, he acted like a rogue and firmly refused to borrow a self-operated position. He only agreed to let Gao Ling open a short order with a customer's position.

The margin for self-operated positions is 1%, and the margin for client positions is 2.5%, which is more secure, but the return will be much lower. In desperation, Gao Ling had to use 5000 million to open a client position, and then left in a hurry.

Seeing this, the secretary was a little puzzled, and said, "Mr. Tang, the daily trading volume of treasury bond futures is hundreds of billions. Mr. Di's 2000 million seems like a lot, but it's actually just a drop in the bucket. There's no need to worry, right?"

"If even an ordinary school student knows that buying 327 government bonds can make a profit without losing money, what does it mean? It means that the market's bullish trend of 327 government bonds has taken shape. Mr. Gao wants to go against the trend, and the risk is very high."

"But how can an ordinary school student have a huge sum of 2000 million yuan?"

"Then you need to worry even more. It means that this person is not ordinary. How much energy must his parents have if he can take out 2000 million yuan casually? The rise and fall of the 327 national debt depends entirely on whether the Ministry of Finance subsidizes the interest rate. Maybe his family has already learned the accurate news of the interest rate discount in advance."

When Tang Renrong said this, he ordered: "Go and ask Manager Deng to make arrangements. I will treat Mr. Di to dinner tonight."

In the evening, Di Ye took Xia Fangfei to the restaurant where Tang Renrong was treating guests. Xia Fangfei had interviewed Wanguo Securities all over the past two days by acting cute and pretending to be stupid.

However, Tang Renrong gained very little, and he didn't find out anything. He still didn't know anything about Di Ye's background, except that he transferred another 300 million in funds.

When Tang Renrong learned from the "News Network" on the next night that the Ministry of Finance announced the issuance of 3 three-year certificate-style government bonds starting from March 1, with an annual interest rate of 1995% and a value-preserving subsidy, he asked his subordinates, "What is the closing price of the 3 government bonds today?"

"148.21 dollars."

"According to the Ministry of Finance's announcement, calculated at an interest rate of 14%, the value preservation subsidy for the 327 national debt will be frighteningly high, and the price will soar to at least 152 yuan tomorrow..."

Tang Renrong picked up the calculator, clicked it a few times, and then sighed: "Wanguo Securities and Liaoguofa are all over, that Di Ye is going to make money like crazy!"

(End of this chapter)