Coquettish Rebirth

Wang Hai made a surprising discovery when he was helping Adele to crack down on counterfeiting. This discovery seemed to be that he thought too much about the other party. "Please familiarize yourself with the domain name." Originally, his arrangement was that four or five old police officers and himself would go together to pretend to be the merchants who wanted to buy fake goods, so as to get a clearer picture of the situation of those counterfeit dens.In his opinion, the appearance of such a team is easier to win the trust of the other party, but in fact, after they got to know the largest fake sales den in Shanghai, they were surprised to find that the other party didn't seem to have any sense of defense at all!

It turns out that whether it is selling pirated discs in Zhongguancun, the capital, or selling pirated video tapes or pirated audio tapes in cities at all levels in China these days, they are all selling them openly, and even the counterfeit dens are real. I regarded it as a normal business wholesale store, so I didn't have any sense of defense at all.Seeing such a scene, Wang Hai and others suddenly realized that it seems that there is no need for a few people to be together, and everyone can be dispersed. Each person is responsible for a city, and the speed is very fast, maybe three or four days. In a day or two, you can record the counterfeit dens in five or six cities!

After sending all kinds of information about the first counterfeit sales den in the Shanghai area to Adele, the boss of Adele immediately felt that he hadn't woken up.After all, they have invested more than 300 million yuan and failed to get things done, so if they try to find the Hung Chien Research Institute, there will be results immediately?Although it's just selling fake dens instead of counterfeiting dens, but the boss wants to open it now, what cares about the symptoms and the root cause, as long as it can be cured!

At this time, the boss was in admiration of Wang Hai and his boss Jia Hongjian, who was cracking down on counterfeiting. , declare that this is an extra bonus!

At this time, according to Wang Hai's reminder, the boss carefully put away all the information they sent, while waiting for more information from Wang Hai, while preparing to report to the industrial and commercial bureaus of various places to sweep up these counterfeit dens after the investigation is completed.When the boss was waiting at this time, his heart was agitated.That's called a side bump. Although he knew he couldn't say too much about it, so as not to let the insider leak the news, but the boss still made all kinds of compliments to his friends to crack down on fakes.

After the boss praised him so reservedly, some of his friends became interested in Hung-chien's research.The Tobacco Monopoly Bureau of Yangcheng in south of the Five Ridges began to contact Wang Hai, looking for the experts from the Hung Chien Research Institute to help clean up various counterfeit tobacco dens near Yangcheng.And the Lingnan Technical Supervision Bureau also approached Wang Hai, wanting Wang Hai to help investigate the fake valve case in Lingnan...

After Wang Hai received these calls, his first feeling was that he was not developed.But definitely thanks to Jia Hongjian.At that time, he felt that it was absolutely right that he chose to follow Jia Hongjian!If he had followed Jia Hongjian's example and worked on his own, he might still be buying fake brand names worth tens of dollars in the mall, but now, he had just entered Jia Hongjian's banner.This big business is coming one by one!What fake cigarettes and fake valve men? If all these cases are cleared up, the bonuses and various compensations that Hung Chien's firm can get will be millions, and Wang Hai won hundreds of thousands!One hundred thousand!This is enough to buy several houses in Shanghai!Isn't this more expensive than buying a fake brand name worth tens of dollars?And it's better for the people of the national team!

While Wang Hai was cracking down on counterfeiting in high spirits, Zhang Guoqiang, Jia Hongjian’s younger brother’s old rival, was still thinking about slowly starting an MBO to take Jun’an Securities, the “No. Another one of the three godfathers of China's stock market - Guan Jinsheng of Wanguo Securities, the "Mother of South China", is thinking about fighting against the powerful men!

It turns out that Guan Jinsheng is now thinking about directing a huge disaster, a catastrophe no less than next year's 95 Hanshin Earthquake that led to the bankruptcy of the British Barings Bank.Now Guan Jinsheng naturally doesn't know that he is directing a catastrophe, according to foreign jokes.That is "every bad idea sounds like a good idea until it turns out to be a bad idea".Guan Jinshengchun is very proud of this. Under his management, Wanguo Securities started from a small office with 4 people and half a office. Now it has grown to have 250 employees, cooperate with more than 200 financial institutions at home and abroad, and have total assets of more than 12. [-] billion star company!

As the general manager of such a large company, as a mother of such a southern China, Guan Jinsheng is now optimistic about the national bond market.Starting from June of this year.Under the leadership of Guan Jinsheng, Wanguo Securities began to enter the national debt field strongly.Compared with the low MI of the stock market, after Wanguo Securities entered the treasury bond futures market, it happened to catch up with a big boom!

Guan Jinsheng, who started by reselling treasury bonds back then, now sees that the trading volume of the entire treasury bond market continues to increase, and the price of each treasury bond futures continues to rise, he really feels envious!After some selection, Guan Jinsheng paid more attention to the three-year treasury bonds issued in 327 code-named 1992.The bond will mature one year later in June 1995.And now the biggest suspense in the market is whether the national debt will raise interest rates!The coupon rate of this national bond is 6%, plus the value-preserving subsidy to combat inflation, the final 9.5-yuan national bond will be redeemed at 132 yuan, but at this time, the 148-yuan national bond is in seconds. The price circulating in the treasury bond futures market is [-] yuan!

The current circulating price is higher than the price that will be redeemed at that time, what does this mean?On the one hand, it may be that the interest rate of national debt is too low, or inflation is too fast and other factors.But on the other hand, it also proves that there are too many speculators under the 327 national debt!These speculators are playing drumming to pass the flower, no, drumming to pass the bomb, just to see who takes the last hand, to see who is the biggest fool!

At this time, the three-year bank deposit interest rate is much higher than the coupon rate of 3 treasury bonds, so the market generally believes that the coupon rate of 327 is too low. interest rate!

For this kind of gossip, Guan Jinsheng felt that it was a fool!Yes, it is fooling!In his opinion, it must be that speculators in the market are spreading news, fearing that they will be the last fools, so they deliberately fooled speculators to come in and take over immediately!And in Guan Jinsheng's view, under the current situation, because of the high inflation rate, the macroeconomic situation is somewhat overheated, and even the whole of China is a bit hunluan in terms of financial order.Especially last year there was a fund-raising case involving Shen Taifu, no matter how you look at it, Zhong Yang is unlikely to take aggressive measures on sensitive decisions such as raising interest rates!

If this raises the interest rate of the national debt, then the subsequent diffusion effect may be a hard landing for the entire country's economy, directly changing from inflation to deflation!Therefore, Guan Jinsheng began to choose to short the 327 national debt.This so-called short selling means that the country is optimistic that it is impossible to raise interest rates, so after the speculators can't help but be fooled, they will face a situation where the transaction price of 327 treasury bonds plummets!

But Guan Jinsheng was wrong in his judgment.He is shorting, but the opponent who is long is the National Economic Development Corporation, which is an enterprise directly under Zhongyang!While Guan Jinsheng was shorting, the Economic Development Corporation was long.After the positions of both parties were almost full, Zhong Yang announced a few days later that the 327 national debt would be repaid after maturity.This means that the interest on the face value of the 5-yuan national bond has been increased by 327%!This is tantamount to directly sentence Guan Jinsheng to death!If calculated according to the current price, as soon as the central government announces that the national debt will raise interest rates, the 327 national debt will definitely skyrocket. As long as it rises by one yuan, it will cause a loss of 10 billion yuan for Wanguo, which has bought a large amount of [-] national debt!

Seeing that Guan Jinsheng, who was forced to a dead end, began to turn red-eyed, no country or government could stop him!He began to fight back the price of the 327 national debt at all costs, and directly fought against the country!Wanguo began to place orders continuously in the market, that is, to continuously sell the futures of 327 treasury bonds.Crack down on prices that are starting to rise!Originally, after the country announced the interest rate, the price of 327 treasury bonds rose from 148 yuan that morning alone. After a crazy order placement all afternoon, Guan Jinsheng forced the price down to 7 yuan in the last 149 minutes before the market closed!

You must know that he is not playing alone in the market at this time. When he is selling, others are because of various good news.That's all eaten like crazy!Watching the last 7 minutes, Guan Jinsheng went crazy, he put all his eggs in one basket, and sold 2112 billion yuan in an instant!That's right, it's a sale order of 110 billion. This huge sale order directly knocked down the price to

But wait a minute, isn't Guan Jinsheng's Wanguo Securities' assets only 12 billion yuan?Where did he get the 110 billion yuan to pay for the bill?This has to mention the financial leverage of the futures market!China's futures market is not as crazy as foreign countries, but it also provides 10 times leverage.This means even if you only have one yuan.You can also borrow 9 yuan from a securities firm to make up 10 yuan to copy futures.If the futures price rises by 10%, that is, you only earn one yuan if you buy 1 yuan, but for the principal of only 100 yuan, that is [-]% profit!Of course, the interest that needs to be paid to securities firms is excluded here.

But again, if the drop is more than 10%.If the loss exceeds 1 yuan, the securities firm will never lose their own money. They will directly close the position forcibly and sell the futures for you to keep their own capital.So such a leverage is to provide a crazier gamble, which is to make the benefits and risks greater!

However, according to the 10 times leverage of China's futures market, let's not talk about how many people have taken over the 2000 billion-plus buy orders. Just saying that the madness of this day has been suppressed, Guan Jinsheng really has almost 1000 billion sell orders. Someone took over. In this case, the 1000 billion yuan transaction needs to have at least 100 billion yuan in principal?This principal is also the so-called security deposit, but Wanguo can't have this money even if it sells iron!

Obviously, this is an obvious illegal operation, and it can even be said to be a reckless illegal operation.One hour after the close, the Shanghai Exchange held a press conference to announce that all transactions after 16:22:13 of the day were invalid and belonged to abnormal transactions.It was found that Wanguo Securities deliberately violated the regulations in order to affect the settlement price of the day... and this timing is very mysterious, because the time when Wanguo Securities placed a 2000 billion sell order was just one second later!If calculated based on the original closing price of 147 yuan, you can earn more than one billion yuan if you play the game that day, but if the transaction is cancelled, according to the decision of the Shanghai Stock Exchange, Wanguo will lose several billion yuan!But Wanguo itself only has a capital of more than one billion yuan!