My life skills in Daming Liver

After Ren Fu and Lin An paid a large amount of stamp duty on their futures trading, the futures trading was supervised by the Securities Center, and both the issuer and the purchaser were required to provide corresponding financial guarantees.

Pang Xinyue of the Securities Center believes after research that unguaranteed futures trading will cause huge bubble risks. At that time, some people will completely separate themselves from the goods themselves and directly speculate on the documents. Then the price of the goods will completely lose its value attributes and become It has become a scam that spreads rumors.

Pang Xinyue directly requires the factory that sells the documents to deposit a deposit with the government center. This part of the deposit is a guarantee of delivery. If the delivery cannot be completed, this part of the deposit will be paid to the buyer as a fine and compensation.

This is to prevent factories from issuing indiscriminate bills of lading and issuing bills even if there is no production capacity.

The party purchasing futures also needs to submit sufficient margin to the securities center.

These deposits are called capital verification guarantees. This money is used to prevent buyers from evading orders and to prevent buyers and sellers from joining forces to drive up futures prices.

Sure enough, after Pang Xinyue's move, futures prices immediately cooled down.

Among those who speculate in futures, some are people like Ren Fu, who are practitioners in the upstream and downstream industries of commodities. For example, Ren Fu's special steel futures are raised because Ren Fu really needs these steels to produce steam engines.

Just like when he went to a steel mill to buy a bill of lading, Ren Fu's original intention to engage in futures was to obtain special steel at a stable price.

As people like Ren Fu made money in futures trading, another group of buyers appeared in the futures market.

This category is speculators. They are not satisfied with the yields on stocks and government bonds, and begin to speculate in futures contracts with Ren Fu.

These people don't need steel themselves. Even if they buy the bill of lading, they basically won't actually pick up the goods. They speculate in futures just to make money.

These people are the targets of Pang Xinyue’s new policies.

As someone who has been in contact with money for a long time, Pang Xinyue knows more about money than most officials in the Ministry of Household Affairs.

Money has a cost.

When a large amount of money is pledged in the securities center, the money is equivalent to being frozen in the securities center.

Then the risk of speculation will increase exponentially, and the returns will also decrease.

If you really hold a large amount of money, there are many opportunities for investment and wealth in the southeast. Many industries have stable returns, and industries such as ocean trade, spices, and cotton and wool textiles have considerable returns.

And some new industries, such as Renfu's steam engines, precision clocks, and various new machines, have higher and more stable investment returns.

If it is borrowed money, then borrowing money will have costs, and borrowing money will also generate interest, which will also reduce the returns from speculation.

Sure enough, after this combination, futures trading immediately cooled down a lot.

Ren Fu and Lin An cleared all steel futures bill of lading at the request of Young Master Yu, just after the stamp duty policy was introduced and before the securities margin policy was introduced.

Two policies targeting futures trading caused the price of special steel futures to plummet, falling by half within a week!

Ren Fu and Lin An looked at the astonishing decline and felt sincerely that Mr. Yu was indeed the "God of Investment", able to accurately sell at high levels and keep the money they earned safe in their pockets.

Seeing that Ren Fu and Lin An were so capable, Yu Zongyuan was completely frightened. He simply wanted to take all the dividends and withdraw all the funds. He must not leave these two guys to continue to make money.

Even so, Ren Fu and Lin An have already made a lot of money, and Yu Zongyuan, who holds the majority of the shares, has made even more money.

Faced with this unexpected income, Yu Zongyuan had no choice but to grit his teeth and continue spending it. When he saw the telegraph company in his hand, he decided to repair the telegraph directly from Songjiang to Xuzhou!

From Songjiang to Xuzhou, the mileage of wired telegraphs has more than tripled, and the cities in the north of the Yangtze River are not as prosperous as the cities in the south of the Yangtze River. There is no hope of recovering the cost in the short term when building power grid lines like this.

However, Yu Zongyuan made money anyway, so he simply expanded the plan and even threatened to repair the telegraph directly from Nanjing to the capital when the Southeast New Army captured the capital!

Yu Zongyuan made lofty ideals, which also made some people who were not optimistic about the telegram start to wait and see.

Can telegraph really make money?

You must know that the second son's record in the investment field can be said to be victorious in every battle and never defeated!

Ever since the Investment Governor Su Ze launched his army, Yu Zongyuan, the Second Young Master, has become the pillar of the Southeast investment industry. He has never lost money on the projects he has chosen!

After that, news spread quickly that Yu Zongyuan's men were reselling special steel futures in Shanghai and made ten times the profit.

Now no one doubts Yu Zongyuan's investment vision.

Seeing Yu Zongyuan investing so hard in the telegraph business, some wealthy businessmen also hesitated.

Telegraphs are similar to railways. As long as there is one route, they are also scarce.

But the telegraph is different from the railway. The railway is something that can only be played by big capital. The Songjiang Railway was built after the richest businessmen in the entire Jiangnan united and received strong support from the southeastern government.

But the telegraph was different. Although the construction of the telegraph also required local coordination, it only needed to lay the lines, which was much easier than railway construction.

Moreover, telegraph lines do not need to be laid too long at once. Telegraph lines can be built between several counties first and then connect these counties.

Some businessmen also saw business opportunities. For example, some business groups in Zhejiang and Fujian began to prepare to lay telegraph lines in their hometowns.

After Ren Fu made a lot of money, he was planning to go back and continue to expand the production capacity of steam engines, but Lin An stopped him.

"Old Ren, last time you said that the price of special steel would continue to fall?"

Ren Fu nodded and said: "Because of the surge in futures trading, major steel mills have expanded the iron furnaces of special steel mills, but in fact the demand for special steel is not that high at all."

"Coupled with the bills of lading we resold before, a large amount of steel has been squeezed into the warehouse, and the price of steel will definitely continue to drop."

"That's why Mr. Yu took away our funds and stopped us from continuing to trade futures."

"I only figured it out after Mr. Yu took away the money. Mr. Yu is indeed the god of investment!"

"Master Yu also asked me not to continue to hoard special steel and not to keep inventory. This was all in anticipation of a fall in steel prices."

Lin An said: "Master Yu is reminding us of the opportunity to make money!"

"ah?"

"Old Ren, do you think we can make money by going to someone to borrow a batch of steel and wait a few months before returning it to them?"