National Tide 1980.

At present, compared with the roaring and raging Japanese economy in the late stage of the bubble period, the economy of the entire Republic is a slow-moving giant.

Even because of the many problems such as price barriers, shortage of building materials, rampant triangular debts, and the general poor management of state-owned enterprises, the products of a large number of companies no longer meet market demand. The steps of this giant are becoming increasingly unsteady, as if it is stuck in a quagmire.

However, this does not mean that the Republic's capital market is stagnant and there is no opportunity to make money.

On the contrary, because the domestic economic development was facing an important time juncture, this became a good opportunity for some people to get rich overnight, creating the first batch of truly wealthy people in the country.

Everyone who has experienced this era basically knows that the Treasury bonds issued since 1981 were very unpopular due to lack of liquidity.

Because of the lack of demand, many places have forced employees of enterprises and institutions to subscribe to the product.

Some companies also use treasury bonds to reduce prices in disguise to sell their overstocked products.

In this case, price distortion of this kind of thing is inevitable.

People who are in urgent need of money are willing to sell at low prices, some as low as 50% to 60% off.

Many smart people are also willing to buy at a low price and wait for maturity to make a profit.

This gave rise to an underground black market.

As the state’s efforts to stop it were ineffective, in March 1988 it was forced to formulate the “Pilot Implementation Plan for Opening the Treasury Bond Transfer Market”, allowing treasury bonds to be listed, circulated and traded.

Seven cities including Shanghai, Shenzhen and Wuhan were the first to open up on a pilot basis, and soon another 54 cities were opened up.

Not only did Shanghai give birth to the first domestic securities firm with a registered capital of 35 million yuan - Wanguo Securities.

There also emerged two representatives who rode on the crest of the wave: Guan Jinsheng, the first general manager of Wan Guo Securities, and Yang Huaiding, a retail investor who was later called "Yang Baiwan" by the capital market.

At that time, banks across the country were not connected to the Internet, so the prices of treasury bonds varied greatly from place to place, which created considerable profit margins.

Guan Jinsheng was the first institutional securities firm to smell business opportunities in the circulation of treasury bonds.

Yang Huaiding is an ordinary worker with only a junior high school education who resigned from the factory.

Although there is a huge gap between their capital scale, market participation status, and knowledge, what they have in common is that they all made their first pot of gold from buying and selling treasury bonds in other places.

Of course, they are definitely not the only two who have made a fortune from this thing.

In fact, from this point on, nearly 100,000 people across the country joined the army of treasury bond speculation.

And in the capital, there was also a small group that saw this opportunity.

That is the "iron triangle" of Jiang Hao, Jiang Hui and Nian Jing.

This plan was first proposed by Jiang Hao. He took the initiative to go to his sister's house for this matter. He did not hide his feelings at all and made shocking remarks as soon as he opened his mouth.

"I came to you for no other reason than that I think the business we are doing now is too boring. Compared to others in the circle of Beijing, we are just small shrimps. Others are big sharks. Without connections, we can only eat the leftovers of others. Without a strong backer, even if we are lucky enough to get the approval document, if someone with a powerful background takes notice, we will inevitably have to give it up. If we offend someone, we may be plotted against behind the scenes. So I think we may have to find another way to make money..."

Jiang Hui is a woman, especially since she just gave birth to a daughter for Nian Jing last year and became a mother.

She had long been worried about her brother and husband's business dealings that were on the edge of policy.

At this time, they naturally supported Jiang Hao and hoped that their two relatives could quickly do something without having to worry about legal risks.

"Brother is right. In China, people flock to whatever can make money. There are more and more people doing this now, and those who have the approval documents are not as easy to talk to as they used to be. To put it bluntly, the cost and risk of obtaining approval documents are increasing, while the profit is decreasing accordingly. Although this business can still make money, it is becoming increasingly difficult. I also think that you should withdraw from it in time. This kind of business cannot last long..."

However, Nian Jing was quite worried and was reluctant to give up his current life.

"What you said is all right, but the problem is, how much money can we make doing this? If we don't do this, what else can we do? Now my company needs several thousand yuan in salary every month. And I have to pay the interest to Jiang Hui. It's all money. I dare not live off my savings like I did in the past..."

So Jiang Hao took the opportunity to come up with the idea he had thought of a long time ago.

"We can make money from treasury bonds. I have inside information. By next month at the latest, several cities across the country will be able to list and circulate treasury bonds. Otherwise, how can the country complete its annual treasury bond task? You all know that the two most difficult things in the world - family planning and promoting treasury bonds - were both forced down as tasks. But now it's different. As long as treasury bonds can be traded, this thing will immediately become a hot commodity. I have found out that treasury bonds are now available at 50% to 60% off. So think about it, is there any risk in this business? Once you buy it, as long as you trade it on the market and make a profit from the difference, that's money. Do you want to do it?"

After he said this, Jiang Hui was moved again.

After all, she is a practitioner in the financial industry and is more familiar with the relevant policies on treasury bonds.

I immediately agreed. "Is there such a good thing? Of course we can do it. After so long, almost everyone has treasury bonds, so there must be no problem with the supply. And not everyone can wait until maturity to be redeemed. Some people are in urgent need of money and will rush to sell their treasury bonds. If we can really buy treasury bonds at this price, it doesn't matter if we can't sell them immediately to make a profit. At worst, we can just keep them in our hands and wait for them to mature and be redeemed. At worst, we can double our profits in two or three years. Then I can cash them out for you."

After hearing what his wife said, Nian Jing was a little moved, but he was not as optimistic as the Jiang brothers and sisters.

"Jiang Hao, I believe your information channel. But don't expect it too much. Think about it, although we have a head start now, it's just a one-time deal. If this matter is reported in the newspaper, won't everyone do it? Will we still be able to make money by then? That may not be the case. I think we should do both sides well, not give up the approval document, and also do treasury bonds. That way it is safer."

Jiang Hao actually had no objection and just nodded in agreement.

However, this time Jiang Hui, who just wanted to live a peaceful life, refused to compromise and directly confronted Nian Jing.

"My brother, this is such a good idea. Hey, why don't you appreciate it? Do you have to suffer a big setback in the approval business before you are satisfied? I tell you, you are not allowed to touch the approval business, otherwise don't blame me for taking back the loan I gave you."

But her threat made Nian Jing feel a little embarrassed, and he couldn't help but fight back.

"What if the treasury bonds don't make any money? If I can't repay your credit union's loan on time, don't blame me..."

"impossible!"

But Jiang Hui really didn't believe it, and the reasons she put forward were convincing.

"Your worries are totally groundless. Not everyone can make treasury bonds. Funds and manpower are both barriers. If you don't have enough money, it's not worth it. If you have too much money, running back and forth between places will be a safety risk. Do you think ordinary people have the courage or ability to do this? Moreover, the country will definitely not publicize this news. At most, it will be published in the form of a press release. Otherwise, if the people of the whole country knew that money can be made so easily, who would still have the heart to go to work? Then everyone would rush to buy and sell treasury bonds..."

You know what, Jiang Hui is really a woman who is as capable as any man, and her knowledge is indeed better than Nian Jing's.

In fact, what she had predicted was right. What happened next happened exactly as she had said.

Although the "Implementation Plan for the Pilot Program of Opening the Treasury Bond Transfer Market" was published in the newspaper, it was only a fleeting moment.

All major news media only mentioned this briefly, and no one dared to interpret it in detail.

And there are not many people who can see the market opportunities in it, very few, even fewer than those who speculate in foreign exchange.

Of course, perhaps it is because of the high thresholds in terms of funding and manpower that not many people participate.

Anyway, this business was made for their gang, and it made them very rich. The first deal was when Jiang Hao and Nian Jing led their men to sell the 850,000 yuan of treasury bonds that they had collected in advance at the Shanghai trading market on the first day of the Shanghai treasury bond trading.

I sold them all on the same day, and easily made a profit of 34,400 yuan in price difference. After deducting the travel expenses and food and accommodation, the net profit was 33,000 yuan.

Jiang Hao and Nian Jing each received 15,000, and 3,000 was left for Jiang Hui.

From then on, they continued to grow in this way, and their business became bigger and bigger, with more and more capital.

I have to say, this small group of theirs is called the Iron Triangle, and it really lives up to its name.

This is not only because they are relatives and can trust each other and cooperate tacitly.

It is also because they each play their own unique role in this business and everyone is an indispensable and important member.

Jiang Hao's sharp mind and information channels were his advantages, allowing him to realize this opportunity to make a fortune before most people in Beijing.

Without him, there would be no such business. He has made an indelible contribution to this matter alone.

Moreover, his connections are quite "strong", and his friends are all leaders and thinkers everywhere.

So it is easiest for him to collect treasury bonds.

As long as those small leaders give the order on his behalf, he will give the next order.

Often, the "treasury bond resources" of dozens or even hundreds of people fall into his pocket.

His sister Jiang Hui, as the director of the credit department of a credit union, plays an even more obvious role.

Everyone knows that in this business, capital is the most important core competitiveness, and Jiang Hui can provide the greatest financial support to her husband and brother's company.

With such a God of Wealth around, making money becomes a very simple matter. It is hard for them not to get rich.

In fact, other smart people who also saw this opportunity to make money were still buying treasury bonds at a price of tens of thousands of yuan and then reselling them to make a thousand or two thousand yuan.

They have already expanded the scale of their acquisition business to hundreds of thousands or millions, and they make tens of thousands of dollars each time.

This speed comparison is like that of a Maybach sports car versus a human-powered tricycle. It's so cool, isn't it?

As for Nian Jing, don't underestimate him. His network of connections is not strong but extensive.

Compared with Jiang Hao, he doesn't know many people who can take charge of things, but his advantage is that he has acquaintances in all walks of life.

He could even talk to the friends that the Jiang brothers and sisters had brought with them, or the friends of those friends.

Therefore, he mobilized all the people he knew, offering others a 20% discount to help collect the money, and the remaining part would be counted as the profit of the middlemen.

As a result, more and more people came to him or asked others to ask him to exchange treasury bonds. Every day, many people came to his company and took the initiative to give him treasury bonds.

Among them was Hardeman, who, knowing that he could also make money from this business, became a customer he relied on.

It can be said that he can collect the goods just by sitting there, and what he gets is no less than what Jiang Hao gets.

In addition, he has access to both railways and airports for unimpeded travel.

This will also help their transportation safety, making it easy for them to buy tickets and board the vehicle as well as to get the transported treasury bonds through security checks.

All in all, with everyone doing their own job and working together sincerely, it took less than two months for their small group to become big players in this industry and completely mastered the tricks of the trade.

Even the operating model has been upgraded, from taking a train to trade treasury bonds to forming a group to take a plane to Shanghai to trade.

There were usually five or six people on a mission at a time, and each person carried a large travel bag filled with five-yuan and ten-yuan treasury bills.

After such a trip, the transaction amount is at least around 1.2 to 1.3 million, and I can make at least 30,000 to 50,000 yuan.

You can easily earn hundreds of thousands a month.

It is no exaggeration to say that their appetites are also expanding rapidly.

Today's goal of making money has increased from the initial hundreds of thousands to one million.

Millionaire!

These four words were still a very scary title in mainland China in the 1980s. Most people would not even dare to imagine having so much wealth.

As a result, they are about to realize their goal by simply trading treasury bonds, and accumulate this wealth faster than "Yang Baiwan".

It had never been easy money for any of them.

There is no need to ask for help from others, no need to curry favor and give gifts, and no need to worry about the risk of price fluctuations.

As long as they continue to buy up the treasury bonds that no one is willing to hold and send them to the trading market in Shanghai, they can exchange them for more banknotes.

They have never lived such a comfortable life in their lives and have truly tasted the sweetness of the nascent capital market in mainland China.

Unknowingly, they have easily completed their capital accumulation and joined the ranks of the first batch of wealthy people since the reform and opening up of the Republic like a carp leaping over the dragon gate.

Frankly speaking, having so much money in their hands also made Jiang Hao and Nian Jing more arrogant.

Although they all knew that their wealth was still not as much as Ning Weimin's, they did not feel in their hearts that Ning Weimin was worthy of their admiration.

After all, they all thought that Ning Weimin had risen to the top only by living off his wife.

In private, they sometimes discussed and speculated how big a gap there was between Ning Weimin's current life and theirs.

It seems to be just the difference of an imported luxury car.

They all believed that as long as they bought an imported Mercedes-Benz or BMW car, they would completely catch up with Ning Weimin.

As for this matter, only Jiang Hui, a wise person, knew that it was definitely not the case. (End of this chapter)