Return to Singapore 1995

Zhou Haitao blew out a few smoke rings and said:

"Brother, if you really want to play futures, there is a product you can consider...but you guys don't understand that futures are just a piece of paper. The risk of futures is too great, and you can't afford it!"

"Brother Tao, tell me, you can give us some training!"

"Okay, in the past few days, I have called back to a few old brothers who have fought together in the trenches. They are ready to make a comeback and play a big game!"

"What big ticket?" everyone asked curiously.

Zhou Haitao shook his head proudly and said: "It's called 327 Treasury Bond Futures. Do you know what Treasury Bond Futures are?"

Everyone shook their heads.

Only Li Xiaofan was shocked when he heard this: In his previous life, when he was playing futures, he had heard about this 327 national debt incident from the mouths of old people and from EMBA textbooks. The 327 National Debt Incident had a far-reaching impact in history and was a landmark event in the history of mainland securities trading!

Zhou Haitao took the Luwan handed over by Li Xiaofan, took a sip and said: "327 is the code name of the treasury bond futures contract, which corresponds to the 3-year treasury bonds issued in 1992 due to be redeemed in June this year. In 1992, it was extremely difficult for us to issue treasury bonds. 1990 years ago, Treasury bonds have always been issued through administrative allocation. At the end of 1992, in order to activate the market, the Shanghai Stock Exchange designed and piloted 12 types of futures contracts for the first time. However, within two weeks of the trial, the trading of treasury bond futures was light, with only a dozen transactions. …”

"I said this, do you understand?" Zhou Haitao paused and said.

"Brother Tao, I understand, you continue!"

"Okay, so in July 1993, the Ministry of Finance promulgated the "Announcement on Adjusting the Conditions for the Issuance of Treasury Bills." The announcement stated that in the context of high inflation, the government decided to provide some types of treasury bonds with reference to the value preservation subsidy rate announced by the Central Bank. The so-called value preservation subsidy refers to the depreciation of the RMB due to inflation. In order to compensate for this loss of treasury bond holders, the actual wealth of treasury bond holders will be reduced. The Ministry of Finance will use part of the money as an increase in interest, which is called a value-preserving discount. In this way, the yield of treasury bonds begins to become uncertain. The space for speculation in the futures market has expanded. Several of my brothers are now playing with the 327 Treasury Bond futures contract..."

Halfway through, the other workers lost patience: "Brother Tao, we don't understand what you're saying. It's too complicated. Come on, come on, let's have a drink!"

Li Xiaofan remembers that the famous 327 Treasury Bond incident occurred on the 23rd of this month. The British Financial Times called February 23, 1995 the darkest day in the history of mainland securities.

February 23rd, now is the 12th, there are still 11 days left...

You still have a chance!

After eating until past ten o'clock, the dinner at Zui Ba Xian came to an end.

Liu Xiaoyue and other girls went back to the dormitory first.

Commander Wu waved his hand: "Brothers, let's go, let's all go to Geylang with Atan to see the world. We'll call two taxis. There will be exactly eight of us!"

"Brother, I have diarrhea. Can I take a day off?"

Zhou Haitao said in disgust: "Oh shit, it's real or fake, Afan, he slipped up at the critical moment!"

"Brother Tao, I really feel sick to my stomach. In a few days, how about I invite everyone to go have a drink at BamBooze Bar next door?"

Commander Wu said happily: "Oh shit, that's okay. Affan, you keep your word! We brothers have never been to a bar in Singapore!"

There is a row of bars in Orchid Flower Village near the beach, and BamBooze Bar Bistro is a relatively high-end bar there. Li Xiaofan and the others had just arrived in Singapore and were busy with work. They didn't know the popularity of local bars and had not even set foot in a bar.

"Everyone testify, if I cheat, my surname is not Li!"

"Oh, then we won't care about you. Let's go to Geylang to have fun first!"

"88, I wish you have a good time, remember to go to a regular store inside, and remember to wear a condom!"

"Oh shit, you know a lot about Afan, have you been there?"

"Haha, you have a master here, Atan. Let Atan teach you about whoring on the road!"

…

When the half-drunk Li Xiaofan returned to the market, the crowd there had become much less crowded.

The lights of Angolin's lottery shop are still on, and he usually doesn't close until eleven o'clock on weekends.

He was the only one in the shop, sitting at the counter watching TV and drinking coffee.

Li Xiaofan took the 10,000-word ticket, entered the door, and said straight to the point: "An Gelin, I won the first prize!"

Angolin stood up and patted his bald bright head, and suddenly realized: "Alama, it turns out he is your little brother! I have been struggling to remember just now, who among us bought 100 notes of 5212 from me! My family It’s been a long time since anyone won the first prize in this small shop!”

(Alama, alahmak, is a very common spoken language in Singapore. This sentence is a combination of Malay, Hokkien and English. Alahmak, which is the mother of Allah, should mean "my mother" at the beginning. "Yeah" or "Mom".)

"Well, I'm lucky. I didn't expect to win the first prize..." Li Xiaofan said calmly.

Angolin smiled and joked: "Oh, brother, with a bonus of 300,000 Singapore dollars, you can buy a plane ticket back to the mainland tomorrow, then get up from a high-rise building to find a wife, and live a happy life!"

"300,000, isn't it 200,000?" Li Xiaofan asked doubtfully.

"I remember that all you pressed were samll? Show me the 10,000-word ticket!"

"Well, here it is!"

Angolin took the lottery ticket and said: "That's right, little brother, you bet all on Small. If the 10,000-word ticket is Big, the prize is only 2,000 yuan. If you bet on Small, the prize is 3,000 yuan." Coin! Here is a 4D Prize Structure table, you can check it out!

4D Prize Structure is the Singapore 4D Prize Prize Structure Chart.

Li Xiaofan took it and took a look:

First Prize: Large, SGD 2,000; Small, SGD 3,000

Second Prize: Large, SGD 1,000; Small, SGD 2,000

Third Prize: Large, S$490; Small, S$800

…

Haha, it is indeed 3,000. In this case, my bonus is 300,000 Singapore dollars! Forget about it just now!

Li Xiaofan was overjoyed!

"Angolin, do you need to pay taxes on this bonus?"

"There is no need to pay tax. This lottery prize is called windfall gain in English. Windfall gain means a windfall or unexpected wealth. In our Singapore tax law, there is no need to pay tax, no matter how big the amount is! Singapore Pools has I have paid the tax for you. In fact, all lottery players in Singapore have paid the tax for you!”

"Oh shit, it feels so good?"

"Well, who makes you so lucky!"

"By the way, Angolin, how do you get this bonus?"

"You have to go to the gaming company's headquarters to get such a big bonus. Remember to bring your personal ID and this 10,000-word ticket. Just pick it up during work hours tomorrow. Come on, I'll give you a leave from us. The nearest Singapore Pools Bedok branch address!”

"Okay, thank you Angolin!"

"Brother, be sure to keep this 10,000-word ticket, don't lose it! Don't be so happy that you can't sleep at night. Next time you have time, come to Brother An to buy more 1,000-word tickets, so that everyone can enjoy your happiness!"

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