A century-old wealthy family that rose from Shanghai

Chapter 193: Short Selling Government Bonds

Later, between 1927 and 1936, the domestic debt issued by the Nanjing government was equal to four times the old debt issued by the Peking government in the previous 15 years.

Therefore, the buying and selling of bonds and stocks became the main project of speculation.

In addition to serving civil and military officials, those speculating on the stock exchange also included many frustrated warlords and politicians. At the same time, the Nationalist government's excessive issuance of government bonds and the massive release of various stocks led to the general public, including businessmen, teachers, shop assistants, factory workers, housewives, and the unemployed, becoming holders of securities. Some of these individuals would flock to the various securities firms daily. Although their desires varied, they all shared the same quest for wealth.

Some wealthy and powerful people would hide on their opium couches at home and handle their buying and selling matters over the phone.

After a few transactions, some people became rich, while others became paupers. It was in this situation where the big fish eat the small fish that the exchanges in old China prospered step by step.

It was already July 1930, and trading in government bonds and stocks in Shanghai was already quite active.

Two days later.

Chen Guangliang arrived at the Shanghai Securities and Commodities Exchange on Chuanshu Road and found that there were indeed crowds of people both inside and outside the venue.

"Boss, we have contacted three brokers and are short-selling five types of government bonds in the market: 'Seven Years', 'Six Years', '25 Treasury Bonds', 'Post-Warfare Bonds', and 'Continued 25 Treasury Bonds'." Hu Jinshun said with a hint of excitement.

Speculation is a gene that everyone has, and he feels that being able to participate in his boss's speculative activities is even more exciting.

Chen Guangliang remained quite calm and asked, "Are these five bonds all due for delivery at the end of August? What is their total value?"

Hu Jinshun immediately replied, "The delivery is at the end of August. The total value of the five bonds is 8 million. So, given that the market currently allows for 'no physical delivery,' our short selling shouldn't be a problem."

In fact, once this wave of decline is over, the 'Bond Maintenance Committee' will immediately formulate the rule that 'sales must be paid in cash to limit short-selling speculation'.

Chen Guangliang nodded, and then he and Hu Jinshun walked into the exchange.

There were 85 brokers in the Shanghai Securities and Commodities Exchange. It was too late for Changjiang Money House to obtain a license, so it simply found three brokers to cooperate with.

When I walked into the exchange, I saw that the hall was also crowded with people. Of course, this was not a trading hall, but an information release hall.

There were many blackboards with the current government bond and stock prices written on them.

The price of 'Six Whole Years' is 80.5 and the price of 'Seven Years' is 78.8
After looking at these market trends, Chen Guangliang already had an idea in his mind.

Taking the "whole six" government bonds as an example, they once reached as high as 84~85, about 25 yuan higher than the face value; now they have fallen by a few yuan, which is obviously due to the sluggish market and has already fallen a little.

You have to know that the rise and fall of government bonds, even if it is less than 5 yuan, is already a large fluctuation; after all, it took three full years from 1927 to increase by more than yuan.

The current market conditions have shown that this year's government bonds have fallen instead of risen, and have shown a sluggish trend.

However, the big drop has not officially started yet.

Chen Guangliang analyzed that there was a huge drop of about 7 yuan from July to August.

So he arranged for his broker to sell about $800 million in bonds for them.

After staying at the scene for a while, Chen Guangliang left quietly.

He is a big shot in the gold market, but he is just an unknown figure in the securities and government bond markets. Moreover, this time he plans to short sell in a low-key manner and make a fortune by following the market.

July 7 (Sunday).

In the morning, Chen Guangliang appeared at the Yan family residence. He first visited Yan Zhiduo and Xu Qingwan, and then proposed to take Yan Renmei out for a trip.

Before Yan Zhiduo could say anything, Xu Qingwan smiled and said, "It's a good thing for young people to interact more. It just so happens that Renmei also needs to go out and relax recently."

Because she knew that Yan Zhiduo's feudal ideas could not be changed for the time being, she immediately took the initiative to take over the conversation.

After hearing this, Yan Zhiduo chose not to meddle in other people's business. After all, he believed in interests first and Chen Guangliang's character second.

When it comes to profit, Yan Zhiduo is quite snobbish; otherwise, in his previous life, he wouldn't have married his second daughter, Yan Renyun, to Du Yuesheng's eldest son (through adoption). After all, many truly wealthy businessmen would still stay away from the "three gangsters."

Afterwards, Chen Guangliang found Yan Renmei and led her out of the house.

"Hey, do you usually take a rickshaw when you go out?" As Yan Renmei walked out of her house, she felt a little happier for some reason. She teased Chen Guangliang in a playful tone.

Chen Guangliang smiled and said, "Rickshaws have their own advantages. We prepared one specially for today. Please come in!"

Yan Renmei deliberately stayed still, raised her head and said, "Tell me the benefits first, otherwise I won't get on the bus."

Good guy, he has a rather stubborn personality!
But Chen Guangliang likes it. It's like a "first love" feeling. Falling in love with a little girl is such a precious memory from his previous life.

Now that he finally has the opportunity, he naturally knows how to cherish it.

"The advantage is of course - romance. The fireworks in the foreign concessions, the lively Shanghai, these things are hard to experience if you stay in a room or an iron box." Chen Guangliang said gracefully, with the demeanor of a master, pointing to the Yan's mansion behind him and the car not far away.

When Yan Renmei heard this, a hint of shyness appeared on her face. She then said, "It's a car, not an iron box," and turned to walk towards the three-wheeled rickshaw.

Little girl, love has come for the first time!
Yan Renmei has now grown into a graceful and elegant lady with graceful manners, like an outstanding young lady.

Today she is wearing a blue and white porcelain style cheongsam and high heels. Her twisting posture shows her family upbringing and is the embodiment of the softness of a Jiangnan beauty.

She is about 1.62 meters tall, which is considered tall and outstanding in this era, with a good figure.

The cuffs of the cheongsam reveal her fair arms, which look soft and tender at first glance, indicating that she has very good skin.

"Brother Liang, why don't you get in the car?" Yan Renmei deliberately reminded Chen Guangliang and said with a smile after getting in the car.

A smile when she looks back makes all the makeup pale in comparison.

Willow-shaped eyebrows, phoenix eyes, and a high nose bridge make her beauty amazing.

At this moment, Chen Guangliang finally realized the meaning of "worth it". After waiting for so long, he finally got a wife of his dreams.

"I forgot something. I brought my camera today and planned to take some pictures as a souvenir!"

As Chen Guangliang spoke, he signaled his bodyguard to hand him the equipment.

There were a total of six three-wheeled rickshaws for today's trip, and four bodyguards also sat in the rickshaws, keeping a certain distance.

Afterwards, Chen Guangliang got the latest German "Rollei twin-lens reflex camera".

Yan Renmei immediately said happily: "Can you take photos?"

Chen Guangliang said: "Of course, don't forget, I am the founder of Oriental Daily, and I am also good at news photography. Come, let's take a few photos first, and you listen to my instructions!" Yan Renmei readily agreed. Everything was so interesting to her, and her mood soared.

"The fan is blocking the sun, and the face is looking at me. Yes, it's so elegant, nice!"

Chen Guangliang was not only professional in taking photos, but he was also able to mobilize Yan Renmei's emotions and quickly completed several photos.

Then everyone got on the car and drove away.

Although it's summer, it wasn't too hot today, and the sun wasn't that strong. The three-wheeled rickshaws all had roofs, so they weren't exposed to the sun and the breeze was refreshing.

We stopped to take pictures along the way and even prepared oil-paper umbrellas produced in Hangzhou.

When we arrived at Nanjing East Road, we happened to see an advertisement for "Beauty Brand" ice cream, so we took Yan Renmei to buy some ice cream.

"My family doesn't allow me to eat ice, saying that my stomach is not healthy!" Yan Renmei said with anticipation and hesitation.

Chen Guangliang looked sideways at Yan Renmei and said, "Occasionally it's okay. Besides, from a scientific point of view, cold food is no longer as cold by the time it reaches the stomach after passing through the mouth and esophagus. Especially when you hold it in your mouth and eat it slowly or in small amounts, it generally won't harm your stomach."

Yan Renmei immediately said happily: "Really? Then let's go and take a look!"

Wow, it turns out that things are different when you have someone backing you up.

After a while, two people came out, each holding a "Beauty Brand" ice cream.

Taking advantage of the opportunity, Chen Guangliang took another photo and called the bodyguard to take a photo of the two of them together.

Only photos can capture time!
On that day, Yan Renmei had the happiest day ever. Chen Guangliang took her to many places, ate ice cream together, watched movies together, and attended a party together.

The relationship between the two naturally grew rapidly, and there was no longer that strange feeling.

Ten days later.

The Changjiang Bank has already completed its "position building" in government bond futures and has sold five types of government bonds for a total of 800 million yuan.

At the same time, news of the Changjiang Money House's "short selling" of government bonds spread like wildfire, causing further panic in the market.

Chinese Securities Exchange.

"Have you heard that 'Bid King' Chen Guangliang has switched to government bonds and is said to have shorted a large amount of them?"

"Hey, isn't 'Bid King' Cheng Linsheng?"

"Cheng Linsheng? That landlord's idiot son doesn't deserve that title. It's said Cheng Linsheng lost tens of millions of dollars in the gold-bearing market. How can he be called the 'Gold-bearing King'? Everyone in Shanghai knows that Chen Guangliang is the real Gold-bearing King. He used public opinion and the power of the Ningbo Gang and the bureaucrats to take away a lot of Cheng Linsheng's wealth."

"I see. However, this sudden short selling of government bonds by Chen Guangliang might be related to the recent decline in government bond prices!"

"That's right. During the 'Central Plains War,' the Nanjing government won victory on the southern front, but the situation in the north became stalemate. Furthermore, the Tianjin Customs was forcibly taken over by Yan Xishan. Everyone suspected that the treasury bonds backed by tariffs would be affected."

"Why don't you sell off the government bonds now? What are you waiting for?"

With the influx of various negative news, government bonds began to fall continuously.

At this time, the Changjiang Bank was clearly sitting on the Diaoyutai, and their "short selling" chips were only two or three yuan lower than when they entered the market. Based on the current situation, there was at least another drop of eight yuan.

Shanghai Securities and Commodities Exchange.

As the chairman of the board, Yu Qiaqing has also paid attention to the market conditions of the government bond market.

After learning that Chen Guangliang was "short selling", he was even more shocked.

You know, last time at his house, Chen Guangliang was very "active" in the face of Song Zaiwen's showdown over the government bonds, and he readily took up the one million quota.

Because of this, after Song Zaiwen released the news, many banks also subscribed to the remaining two million quota.

"This young man is truly remarkable. To avoid offending the Southern Whale government, he calmly accepted government bonds. Later, he aggressively shorted the bond market, clearly aiming for a huge profit."

Faced with the current situation, Yu Qiaqing naturally understands that the government bond market has reached a "turning point" this year.

At this time, the overall 'short side' was greater than the 'long side', and Chen Guangliang was the first to 'sell at a high price'.

In the conference room of the Oriental Newspaper, a meeting related to the "Oriental Football Team" was being held. Those attending the meeting included "Chairman of the Board" Chen Guangliang, Honorary President Song Ziliang, Honorary President Du Yuesheng, Director Wang Boyuan, Director Cheng Zikang, Director Hong Yanbin, Director Xie Hengchuang, Director Fang Jiaobo, General Manager Li Chao and others.

Among these people, Song Ziliang is the director of the Ministry of Foreign Affairs, Song Zaiwen's younger brother, and also the representative of the Nanjing government supporting the "sports power"; as for Du Yuesheng, he is a local tyrant in Shanghai who was lured over to carry the banner.

The rest of the directors were wealthy people, who were used to win over sponsors.

Only General Manager Li Chao is the person Chen Guangliang trusts the most.

Li Chao was originally the deputy chief of the Transportation Department, but after reaching the top of his career, he naturally wanted to try his hand in the business world. So when he had this idea, he immediately communicated with his good friend Chen Guangliang, expressing his intention to join him.

Three months ago, Chen Guangliang had known about his intentions, and his first thought was to have him manage the football team first, to gain some experience. Things like raising funds, organizing games, and finding training grounds were all a science.

At the meeting, Chen Guangliang was the first to speak: "I, Chen, am deeply honored to have all the distinguished guests and friends here today. The original intention of establishing the 'Oriental Football Team' is to practice the concept that 'sports can strengthen the body, defend the country, and arouse a sense of unity.' We should regard sports as a common practice to strengthen the body and mind, and we should regard sports as the right path to revitalize the nation. Thank you all!"

Then, everyone applauded out of respect!

Song Ziliang and Du Yuesheng also spoke afterwards, one representing the Nanjing government and the other representing the local forces in Shanghai.

Next, General Manager Li Chao introduced the situation of the Oriental Football Team:

"The initial sponsorship of the Oriental Football Team includes 15 yuan from Changjiang Real Estate and 5 yuan from Oriental Daily, totaling 20 yuan. The team's initial roster includes 'captain' Dai Linjing, Feng Yunyou, Tan Gangbai, Li Yao, Han Longhai, and Jia Youliang, totaling 11 players. More players will be added in the future."

"In addition, the Oriental Football Club is committed to developing professional football teams. The main task is to play football and get paid. Only in special circumstances will we consider arranging for individual players to work part-time at the Oriental Daily."

"The Eastern Football Team will also hire nutritionists, team doctors and other professionals to ensure the team's performance."

As soon as the words fell, everyone looked at Chen Guangliang in disbelief, and in their hearts they also sighed at the financial resources of this young man. It seemed that the rumors were true. Chen Guangliang's financial resources had already reached the tens of millions of yuan, making him a wealthy man in Shanghai.

Chen Guangliang smiled and said, "So, the Eastern Football Team will not only compete in Shanghai but also strive to win the International Cup and Scottish Cup tournaments hosted by the Western Association. After achieving success, they will also visit other Asian countries and strive for the Olympics."

Watching Chen Guangliang talk so freely, everyone couldn't help but suspect that he was thinking things were too simple.

Fortunately, some of the players of the 'Oriental Football Team' are from the former Lehua team and are quite strong.

(End of this chapter)