The Rebirth of the Financial Hegemon

"Donglai, you gave birth to a good son!"

Zhao Donghan's words were full of emotion, and Zhao Donglai raised his head involuntarily. The corners of his eyes and the tips of his brows were filled with joy and pride from the bottom of his heart.

"Uncle, so just accept the fifty thousand dollars. Don't worry about a small amount. By the way, I told Jiang Nan that I hope he will apply to the University of Finance and Economics and graduate in the future..."

Zhao Jiangchuan didn't finish what he said, but everyone could understand the meaning of his words.

"Okay, okay, okay."

Zhao Donghan said three good words in a row, maybe he was talking about accepting the tens of thousands of dollars, maybe he was agreeing with Zhao Jiangnan to change his application to the University of Finance and Economics, maybe it was both.

outside the house.

Zhao Jiangchuan's mother Huang Yajuan and Zhao Jiangnan's mother Lan Ziju were pulling something together.

"Sister-in-law, look at you. You stuff us so many things every year when you come back. How embarrassing is that?"

"They are all grown at home, and they are not worth even three cents or two cents..."

At this scene, when Zhao Jiangchuan walked out of the house, he suddenly felt dumbfounded.

Indeed, as Lan Ziju said, they are all worthless things.

Snakeskin bags of all sizes were filled with all kinds of vegetables and radishes. Not only was the trunk packed to the brim, but there was also a pile on the back seats.

In addition to these, there were several kilograms of salt-oiled bacon. The oil, because it was not wrapped properly, stained the entire back seat of the car with oil.

Maybe all the things put together are not as valuable as the quilt and chair cover that I will replace when I go back.

However, Zhao Jiangchuan didn't say anything. Instead, he helped Lan Ziju speak up, because he once disliked these things and wanted to throw them away.

It’s all full of family affection!

"Xiaochuan, look at you, asking your aunt to stuff us so much food, we may not be able to finish it even if we eat it badly."

On the way back, Huang Yajuan couldn't help but complain.

The back seat of the car was filled with snakeskin bags of various sizes. Sitting in the back seat, she was so squeezed that she could only cross her legs and bend over. It was okay at first, but after walking hundreds of miles, the feeling became unbearable. How uncomfortable.

Zhao Jiangchuan bared his teeth and joked: "That won't work. I'll park the car in front. There's a ditch over there, and it's all over?"

"Little bastard, what are you talking about? Is it easy for your aunt to grow these vegetables?"

"Haha, let's eat slowly."

…

The Spring Festival of 1995 was a very different Spring Festival for Zhao Jiangchuan. The different family affection he had never felt before made him feel that the Spring Festival passed too quickly.

It’s just the same Spring Festival. For millions of other families in China, every second is so long.

On February 12, which is New Year’s Eve, several news began to circulate in the market.

Some people say that after the New Year, the government will cancel the pilot stock market, and the stock market that has been on trial for two years may close down.

Some people also say that the stock market will change the current trading model from T+0, which can be bought and sold at any time, to T+1 trading model with various restrictions.

For a time, many relevant people were talking about it.

In addition, the news in the government bond market makes some people happy and others sad.

There are rumors that the Ministry of Finance has set the subsidy rate for 323 Treasury bonds, and the value-preserving discount rate will be set at 148.5 yuan after calculation.

This means that the price of government bond futures in the secondary market will still have a lot of room to rise.

But everything has two sides.

This news has excited people who hold treasury bonds in the primary market. The price of 148.5 yuan has far exceeded the bank's annual interest rate of 6%.

The extra income is undoubtedly a good thing like pie in the sky.

Speculators holding long positions in Treasury bond futures were even more excited and could not sleep all night.

If this news is true, it means that there may be multiple profits waiting for them. The margin system of treasury bond futures will undoubtedly make them rich overnight.

But for those who are short on Treasury futures, this is very bad news.

Once the news comes true, it means that their speculation is in the wrong direction. For national debt with a margin ratio of only 2.5%, it will make them bankrupt in minutes.

Many short-selling retail speculators and even large-scale speculators are sighing in the joyful New Year.

During the seven-day annual holiday, anyone would have thought of the impact such important news would have on the market. According to market practice, I am afraid that all their wealth will be wiped out in an instant when the market opens after the holiday.

Amid the excitement and tension of countless people, everyone is waiting for the upcoming seventh day of the Lunar New Year.

Monday, the seventh day of the first lunar month, is the time to open the market.

Affected by the holiday news, on the first trading day after the New Year in the securities market, the Treasury Bond 323 contract directly jumped short and opened higher.

In an instant, countless short speculators were killed until their positions were liquidated. Those accounts that held long-term short positions were all liquidated and in debt at the moment the market opened.

Because the margin for a single contract is 20,000, and the price of Treasury Bond 323 jumped a full three points.

Each point is 10,000 yuan, which means that the profit and loss of each contract due to short jump is 30,000 yuan.

So this also means that speculators who held long orders before the year will make profits as high as 1.5 times from a single contract when the market opens after the year.

Countless funds are strangulating each other in this market full of crazy profits. Greed and desire drive everyone involved to go crazy.

With this kind of geometric profit, it is impossible not to make people crazy.

The market jumped short and opened higher, seeming to confirm the correctness of the news during the holiday. For a time, the short side was killed until it completely collapsed, while the long side made a mad dash upward.

Just like the two sides fighting in a battle, the morale of one side has been affected by the news that has been spreading for three days and has already reached the lowest point, while the other sides began to buy in large quantities under the stimulation of the news.

The dramatic reversal in military strength between the two opposing sides caused a shocking reversal in the forces that were originally considered equal.

By the time the market closed at 4:30 p.m., the price of the Treasury Bond 323 contract had been pushed to a sky-high price of 132 yuan.

However, not everyone will be affected by the news, even if the news has already spread to everyone.

Being able to single-handedly build Wanbang into the largest securities kingdom in China, Guan Shengsheng truly deserves his title as the ‘Godfather of Securities’.

Having seen more than a hundred years of foreign financial history, he knew very well that in the face of huge interests, no news could truly influence the market trend.

Many times, those so-called news are likely to be rumors deliberately released by someone with the intention of interfering with the enemy's judgment.

Just like in a war, the generals on both sides of the enemy and ours are often useless. It is normal to create chaos and affect the enemy's morale.