Return to Singapore 1995

Li Xiaofan asked: "Brother, how is the market of 327 Treasury bonds these days?"

"I remember that the closing price yesterday seemed to be more than 147 yuan, and it has been fluctuating between 147 and 148 yuan recently. Brother, don't look at the current calm market of 327 Treasury bonds. On the last trading day, there will definitely be a bloody fight between the long and short sides. Until the last moment, everything is possible! You may become rich overnight and go to heaven, but you may also lose all your money and fall into hell in a few hours!" Zhu Junda replied.

Li Xiaofan calculated in his mind and said: "If I open a long order to buy 327 Treasury bonds at around 147 yuan now, if it falls by 2.5%, that is, it falls below 143 yuan, if I don't have subsequent margin, my previous margin will be forcibly closed, and the money will be wiped out, right?"

"Yes, that's the situation, 40 times high leverage, very risky! Brother, the water is too deep here, I advise you not to touch it! If you guys really have spare money, it's better to invest in some stocks with me!"

"Ah Da, I got it. Tell me your account number first. I will deposit the money into your account later. Then you can help me buy 327 treasury bonds. Remember to open a long order! "

"Afan, how much money do you plan to invest? This thing is too risky. I advise you to gamble a little for fun!"

"Let's talk about it later. I'm going to Bank of China now! Chat later. 88, I'm leaving first!"

Twenty minutes later, Li Xiaofan took a "Xia Li" taxi to the business department of Bank of China Mingzhou Branch located in Chenghuang Temple.

There are a lot of "scalpers" at the door of Bank of China.

Li Xiaofan first casually inquired about the market of the new currency.

Today, the buying price of the new currency in Bank of China is 5.52, and the selling price is 5.78.

Oh, damn, this bank is also ruthless at the moment, trying to make a difference of more than 0.2!

After asking the scalpers, their approximate buying price is 5.6 and the selling price is 5.7, which is more cost-effective than the bank. Scalpers survive in the cracks, and what they earn is the space between the bank's interest rate spread.

After half an hour of observation, Li Xiaofan found that the transactions between scalpers and big customers were also very scientific. In addition to small amounts of cash, large amounts were traded by both parties through bearer passbooks. The authenticity of the money was identified by the bank, which saved a lot of risks and made both parties feel relieved and easy.

Mingzhou is a major foreign trade city with frequent foreign exchanges. Li Xiaofan found that these scalpers had a good business, and the girls at the bank counter on the first floor seemed to be very cooperative. It seems that these scalpers usually put a lot of "public relations" effort.

So Li Xiaofan negotiated a deal with one of the scalpers named A Liu: the transaction exchange rate was 5.6, Li Xiaofan deposited a deposit certificate of 290,000 Singapore dollars at the Bank of China counter, and A Liu transferred a deposit certificate of 1.624 million RMB from his Bank of China account, and then the two parties exchanged the deposit certificates.

When Li Xiaofan excitedly took the new currency to the Bank of China business department to deposit the new currency, he was poured with a basin of cold water.

"Sir, I'm sorry, we don't allow individuals to open new currency accounts at the moment. You can only open a US dollar account. So you can only exchange new currency into US dollars first, and then we'll open a US dollar account for you!"

"Why?"

"No reason, it's stipulated above, maybe because new currency is a small currency!"

If you exchange new currency into US dollars, it's like being cut by the bank again, which is definitely not worth it.

When Li Xiaofan was hesitating, the "scalper" Ah Liu next to him said it didn't matter, as long as the bank confirmed that the new currency in your hand was real, you can let Li Xiaofan give him the new currency cash, and he will give Li Xiaofan the passbook.

"Xiao Fang, can you help me see if the new currency in his hand is real?" Ah Liu seemed to be very familiar with the girl at the counter, and even knew her last name.

"Bring the new currency here!"

"Here!"

Li Xiaofan handed over 29 new currency bills worth 10,000 yuan.

"Wow, a 10,000 yuan note, is it real? I've never seen such a large denomination of new currency! The largest denomination of new currency I've seen before was 1,000 yuan!" Xiao Fang exclaimed, "I can't handle the identification, let our manager come down to take a look!"

Two minutes later, a young manager came down from upstairs. He had been to the Bank of China branch in Singapore to study.

After touching it, he said, "It must be real! You can feel the precision of the craftsmanship of this 10,000 yuan note. I guess no one in the world can forge or imitate it!"

...

Ten minutes later, Li Xiaofan and A Liu completed the transaction. Twenty-nine 10,000 yuan notes were given to A Liu, and Li Xiaofan got a passbook of 1.624 million yuan. The other ten 1,000 yuan notes were kept first.

Coincidentally, Zhu Junda's futures margin account was also opened in the Bank of China. Li Xiaofan simply deposited 1.5 million yuan into Zhu Junda's futures account at the counter, and withdrew the other 124,000 yuan.

After finishing all this, it was almost lunch time.

At noon, Zhu Junda called a few of his best friends from technical secondary school to welcome Li Xiaofan.

The venue was arranged at the Baisha Wharf seafood food stall opposite their company.

Zhu Junda followed Li Xiaofan's request and also called Pan Zhenming, the old classmate who later founded Donghai Zhenming Optical Technology Company.

At that time, Pan Zhenming was working as a technician in a state-owned Donghai Automation Instrument Company. His father was a master in the largest state-owned Siming Watch and Glasses Store in Minnesota. He was a skilled technician and a model worker in the city. Perhaps due to his father's genes, Pan Zhenming was very smart when he was studying, had strong hands-on skills, liked to study, and had good grades.

In addition, Zhou Honghui and Yuan Bin, two old classmates, worked in a foreign-funded game console manufacturing company called Pegasus. Pegasus' products imitated Nintendo's home game consoles. The main chips were imported from Japan. The machines needed to be plugged in and connected to the TV at home to play. They could play classic games such as Super Mario, Contra, and Tank Wars. The company's business was very good at that time.

I haven't seen a few old classmates for a while, so I was particularly cordial. In addition, Li Xiaofan was the first among the classmates to go abroad. Listening to Li Xiaofan talk about the customs and customs of Singapore and recalling the embarrassing things in the dormitory back then, everyone had a good chat.

After half a round of drinks, Li Xiaofan asked Pan Zhenming: "Zhenming, what are you busy with recently? Is your company busy?"

"Anyway, state-owned enterprises are like that, and you can't be busy at all! I'm just messing around. I'm studying in a night university majoring in automatic control at night. I'll find a way out after graduation. Xiaofan, I think it's good for you to work abroad and see the world! But my parents don't agree. They'd better let me get married early so that they can have grandchildren!"

"I remember your father seemed to work in Siming Eye Watch Shop, right?"

Zhou Honghui interrupted, "Afan, Zhenming's father is a famous master in the glasses industry in the city, and a model worker in the city! The glasses that our old classmates wore were all made by his father himself!"

"Oh, don't mention it. My father saw that I was so free at work recently, and our factory director Ma is his childhood friend. Recently, he gave me a technical research task through our factory director! Do you know what it is?"

"What?"

"Let me study the automatic edge grinding machine technology in their glasses industry!"