Northern United Capital Headquarters.
The boss Dong Qinglai personally went to the company door to greet an important guest.
"Boss Dong, how dare I trouble you? Huang is really guilty." Huang Jinguo, who got off the car, saw Dong Qinglai standing at the door, hurried over and cupped his hands with a smile.
"Director Huang, you are a distinguished guest. It's a great honor to have you here today, and the humble house is so beautiful. Please come in!" Boss Dong also greeted me with a smile.
As for the financial director next to Gao Jianwu, all of them, the large-scale investors, don't know that as long as they can get a little bit of information early, they will make a lot of investment profits. Usually they are noble people who can't even be invited.
"Boss Dong, you're welcome. Huang came here uninvited today. Please forgive me for disturbing you." El Dorado was polite as he and Boss Dong entered the building of Northern United Capital side by side.
A company that can invest tens of millions in bonds is already a quite powerful capital group in this time and space. What's more, Northern United Capital's main investment target is not bonds, but stocks.
Now they have invested more than 200 million yuan in various company stocks.
Behind Northern United Capital, there is a group of older generation coal mine bosses. Gao Jianwu is carrying out large-scale construction and infrastructure construction. It is not just public investment that invests heavily in energy and infrastructure.
At the same time, private capital has been opened up to enter coal, iron ore and other fields. In fact, nearly 40% of the investment in recent years has come from private capital investment, which has allowed Gao Jianwu's construction plan to be completed significantly ahead of schedule.
Even if he suffered huge war trauma. But once the power of the private sector was activated, Gao Jianwu never imagined that they could use so much real money to develop energy and mine construction.
The real gold and silver mentioned here. After the policy was issued, the old and fat folk really came up with hard currencies such as gold bars, oceans and even silver ingots. Only thirty or fifty people who pooled millions of yuan in capital were qualified to open large-scale mines. .
These investments immediately generate a large amount of water after the mine's production capacity is released. For some bosses who are well-informed and active in thinking, the trading opportunities in the northern financial market are quickly seized by them.
The stocks of companies under the chairmanship of Gao Jianwu are certainly the object of their competition. Even construction bonds are a good place to make money in the eyes of these mine bosses with abundant cash flow.
However, they soon discovered that it would be difficult to obtain the maximum benefits in this financial trading market if they worked alone, so some of them joined forces and established Northern United Capital to hire professionals to conduct professional operations for their capital.
"Boss Dong, I am here with a mission." After the two parties exchanged greetings, Golden State went straight to the topic.
"You should know that there is something abnormal in the bond market right now. The drop in bond prices has made the bond market turbulent and chaotic. It has deviated from the normal track. Our Financial Department will not sit idly by and ignore this abnormality."
"Director Huang, talking about this, we also find it very strange. Why did the bonds suddenly fall so much? Our shareholders are also panicking now. Director Huang, who is specifically making trouble? What are the current transactions? With such a large amount, this batch of capital should be of considerable origin," Dong Qinglai said. As soon as he heard the words of the Golden Kingdom, he understood that the Golden Kingdom would not go to the Three Treasures Palace for anything.
However, as participants, they are still a little confused about the changes in the bond market.
Although the details of bond transactions are announced every day, they do not have the ability of El Dorado to get the capital investors behind each transaction object, so they have not yet figured out each of the latest large trading players. The bottom line, so they haven't dared to act rashly recently.
Anyway, for them, the biggest thing about buying bonds is to accumulate funds and wait to cash out to earn interest. Being able to trade high and sell low to absorb some price differences is all unexpected surprises.
"Because recently our bond market has welcomed a group of overseas speculative capital. Their goal is to suppress the bond market, obtain low-priced bond chips, and then raise and sell them to make profits, thereby harvesting our investors in the bond market." Gold The country did not hide this issue, "So now we need to fight back against these speculative capital orientations."
"But at present, these overseas speculative capitals are using our existing rules. From an investment perspective, we have no way of catching them, and there is no way to punish them from a regulatory perspective."
"So that's it. I asked where such a large amount of capital in China comes from to make trouble. If it comes from overseas capital, then everything makes sense. They don't care about the life and death of our trading market. As long as they get profits, no matter what. Everything can be done." After listening to Golden Kingdom's words, Dong Qinglai nodded and said.
"It's just that we don't restrict the participation of overseas capital now. If we can't restrict them from a regulatory perspective, how can we fight back if they are so strong?"
"A single institution cannot really solve this situation, but our mainland capital can unite to fight against them." Golden State said.
"Director Huang, frankly speaking, we don't have such capabilities yet. We, Northern United Capital, are already relatively strong in the capital industry, but our investment in bonds is only 20 million, and we have no cash in hand. No more than 10 million yuan. With the amount of funds we have, we simply cannot exert much influence on the bond market, which now easily reaches hundreds of millions of yuan."
"As far as I know, the situation of other institutional investors is similar to ours. Few have invested more than 10 million in bonds. Our main investment is still in stocks and bond markets. In fact, most participants invest in the thousands. Retail investors with tens of thousands of yuan use this as a way to manage their finances and treat it as a bank deposit."
Dong Qinglai said.
The situations he mentioned are actually the mainstream of the current bond market. Before overseas speculative capital came in, institutions actually regarded bonds as a relatively flexible cash management method. After all, bonds could be sold quickly, and the bonds themselves also had interest as a backing. Relatively speaking, this is a very solid and low-risk investment.
"Boss Dong, what you said is absolutely correct. Merely combining institutions and relying on their own capital cannot compete with these overseas speculative capitals. So we hope that leading capital institutions like you can unite a group of capital and establish a Bond funds specialize in raising funds to carry out bond trading,” El Dorado said.
"For this bond fund, on the one hand, we provide policies that allow private retail capital to enter, and 300/500 yuan is also eligible to participate in bond market transactions to make profits. On the other hand, we can also provide support for low-interest funds. Each of you A company only needs to use stocks and bonds as collateral, and we will provide low-interest funds with an annual interest rate of 2% to cope with this decisive battle between Chinese and foreign capital in the bond market.
Boss Dong, do you think Northern United Capital can take the lead in establishing one in this way? "
Dong Qinglai didn't expect such a good thing to happen.
In order to save the market, the Financial Department put the cake directly on his head.
You need to know the current price in the bond market. Not to mention giving such a low interest, even if it can be given at normal interest, he will still make a profit. It’s just that there is no such thing as 1:1 for stock mortgage loans. Usually there is a discount of 30% or 20% off.
Stocks are 30% off and bonds are 20% off. Banks attach great importance to risk prevention.
Of course, there is no leverage operation method such as futures in the current trading market. Therefore, if the stock market and bond market want to carry out leveraged operations, they need to use mortgage loans to amplify.
Of course, amplifying transactions is a privilege that only million-dollar investment institutions have. Ordinary retail investors do not have this qualification. To obtain a loan, ordinary retail investors need to mortgage other fixed assets to obtain it in disguise. Most people simply do not dare to do this. operate.
Such restrictions are actually a protective measure for ordinary retail investors. After all, both the stock market and the bond market are high-risk trading markets.
People who are incompetent are better off not getting involved.
"Director Huang, what proportion of these low-interest funds and loans can you achieve?" Dong Qinglai's heart was beating fast. If this thing was done well, his Northern United Capital would seize a rare profit in one fell swoop. Big money opportunity.
"Initially, we have decided internally that at the current stage we can provide you with low-interest loan support of 1:2.5. For Northern United Capital, you have more than 180 million stocks in hand, plus 20 million bonds, we can provide you with 400 million yuan in low-interest loan support!
It's just that this kind of loan is for an extraordinary period, so Boss Dong must not only keep it confidential. Moreover, the bond fund must continue to operate according to normal operations in the future, focusing on holdings and trading profits as a supplement. The capital advantage in hand must not be used to interfere with the market conditions. Can Boss Dong meet these two major requirements? "El Dorado said.
If the news leaks out and proves that it was the Ministry of Industry itself that brought the consequences, the situation will be too ugly. The impact on the trading market is very serious. But if such a problem is solved through the hands of private capital.
All this ceases to exist.
Therefore, Gao Jianwu's proposal to gather civilian forces is a prerequisite, and the method of gathering must be skillful and not allow the official color to show. It is obviously impossible to go to a house alone to talk. People talk too much, and it is easy for the news to leak out.
But now it is much easier to find two or three leading companies to establish a capital alliance fund.
"There is no problem on my side. Don't worry, Director Huang. Not to mention that the plan given by Director Huang is guaranteed to make us a profit. Even if we suffer some losses, we must cut off the clutches of overseas capital and protect what we have come here to do." Not easy financial trading market.
Northern United Capital guarantees to unite at least 30 capital institutions and large investors, and we will jointly set up a large bond fund. Our capital will be at least 1 billion yuan in stocks and bonds. If we are given 1 billion yuan in financing, we will be able to fight against overseas speculative capital. I feel very confident. "Dong Qinglai said with confidence.
The situation in the bond market is actually very clear to Dong Qinglai. That is, overseas speculative capital is overwhelming. They rely on their strong capital to first attract funds and then sell in large quantities. There is no domestic capital in the market to bear the selling pressure. Ability, this allows them to continue to suppress prices with their left-right trading method.
The fact that the recent trading volume in the market is almost concentrated on a dozen accounts has already explained everything.
But Dong Qinglai and other domestic capital institutions can only watch. Their only choice is to keep their positions unchanged and wait for the repayment of principal and interest when due. Anyway, this method is only a matter of time. The financial management of these professional institutions is originally The biggest goal is to repay principal and interest, and profits from mid-market transactions are secondary.
Therefore, in the bond market, before overseas speculative capital came in, the transaction prices of construction bonds of the same face value and interest rates remained relatively consistent, with only a few percentage points discount in between.
"Okay, Boss Dong, the first bond fund is your Northern United Capital. You can work hard to establish this fund as soon as possible and file it with our financial department. In addition, I have to find two companies to diversify it to prevent the market from reacting to it." The reaction is over." The Golden Kingdom finished talking about the business and left in a dusty state.
Now that the time is imminent, Golden Kingdom does not dare to waste any time and starts lobbying for the next company without stopping.
With almost free benefits, there is obviously no problem with El Dorado’s lobbying. No one is blind and cannot see that this is a good opportunity to make good friends with the financial department and obtain tangible benefits. Three major bond funds were born at the speed of light, and then based on the funds The financial assets of the financial backers were pledged, and a total of 1.5 billion special rescue funds from the three companies were transferred to the accounts of the three major fund companies.
With abundant cash support, strong buying orders immediately appeared in the bond market. Martin and others suppressed the bond market. With the unilateral acquisition of bonds by the three major funds, the bond market immediately began to reverse.
Overseas speculative capital complex.
Faced with the sudden strong buying, everyone started a heated argument.
"Everyone, our situation is not good. Today we sold nearly 30 million yuan in net bonds. Our suppression is no longer enough. The bond market is showing signs of reversal. Will we continue to sell and suppress tomorrow?" Although William said it was not clear. Express a position, but the tendency is already obvious.
"I suggest that we try to suppress it for another day. The capital here is not capable of undertaking such a large amount of selling. We have learned before that Northern United Capital, the strongest company in the market, only has a bond position of about 20 million. Their Although there is no information on cash flow, judging from the total scale of the transaction, it should not exceed 5%-10% of the cash holdings, which would be about 20 million in cash at most.
This should not be able to stir up trouble. Why did it suddenly take over our 30 million selling volume? "Martin was puzzled, but still wanted to persist.
Asking for a monthly ticket.
(End of chapter)
