Feng Yu and his sister had lunch together. In the afternoon, they went to the bank to check the price of Treasury bonds in Bing city. The price of Treasury bonds is still selling at face value. 100 RMB for a 100 RMB bond!
After dinner, Feng Yu and Li Shiqiang boarded the train.
Their bags are full of treasury bonds.
Feng Yu lets Li Shiqiang sleep first while he stand guard.
When Feng Yu can’t endure his sleepiness, he woke Li Shiqiang up and went to
sleep.
As a result, Feng Yu slept till daybreak. Li Shiqiang, on
the other hand, smoked for seven hours and didn’t even drink a drop of water
did not even go to the toilet.
“Brother Li, why don’t you wake me up?” Feng Yu asked.
“Never mind. You can sleep a while more. Anyway, I can’t
sleep too.” Li Shiqiang said with his two red eyes. There is 200,000 RMB worth
of Treasury bonds in his bags. How can he fall asleep?
At eight o’clock in the morning, these two appear at ICBC
(Industrial and Commercial Bank of China) main entrance. Seeing both of them
are carrying a backpack each, the security guard kept looking at them.
“Comrade, do you buy treasury bonds here?” Feng Yu asked.
The bank staff look at Feng Yu surprised. Shen city is the
country’s first city to allow secondary trading of Treasury bonds. The banks
have been informed in advance and are prepared for Treasury Bonds trading.
However, they did not expect that their first customer is someone in his teens.
“Of course, we have received instruction to allow the
trading of Treasury bonds.” The bank staff replied.
“How much is the 100 RMB bond?” Feng Yu hastily asked.
The staff replied with a puzzled face: “100 RMB treasury
bonds is of course 100 RMB.”
Crash ~ ~ ~
Feng Yu seems to hear the sound of his own heartbreaking.
How is this possible? The price of Treasury bonds has not
risen? Is it because this is the first city to allow trading of bonds so the price
had not gone up yet?
“What about the 500, 1000 and 5,000?” The Feng Yu asked
again.
“500 RMB for 500 RMB bonds, 1000 RMB for 1000 RMB bonds and
we do not have 5,000 RMB bonds as of now.” The bank staff replied.
Feng Yu felt that the bank staff is looking at his as if he
is an idiot. Feng Yu sat down on the chair dejectedly. Did he remember wrongly?
Or, is it because of his appearance and history has deviated from its original
path?
“Xiao Yu, it’s fine. Even if we can’t make from selling to
the bank, we can still earn from the interest. I had checked. Most of the bonds
are maturing in two to three years’ time.” Li Shiqiang patted Feng Yu on his
back, trying to comfort him.
“Brother Li, write down the telephone of this bank. Let’s go
to CCB (China Construction Bank)!” Feng Yu said.
Feng Yu is not willing to accept this. There must difference
in the prices between banks. He does not believe that the prices are also so
low at other banks.
But after going to China Construction Bank, the answer they
got is exactly the same.
After taking down the bank’s telephone number, they went to
the next bank.
This year, China had begun to focus on the development of
commercial banks. In addition to the “big four” banks (Industrial and
Commercial Bank of China, Bank of China, China Construction Bank and
Agricultural Bank of China), other banks, such as Bank of Communications, China
Merchants Bank, Everbright Bank, etc. had open branches in many cities.
Feng Yu went personally to every bank to find out how much
is the price of the Treasury bonds.
But the price of bonds at the banks are the same. The bonds
are trading at face value!
After coming out of the last bank, Feng Yu and Li Shiqiang
sat on the steps. They felt tired and powerless.
“Brother Li, give me a cigarette.” Feng Yu said.
“Forget it. Xiao Yu, let’s go back. We had spent quite a lot
on taxi today. Maybe the price will rise in future.” Li Shiqiang comfort Feng
Yu.
But Feng Yu seems zoned out. He kept thinking if he had
remembered wrongly or history had changed. He can’t remember when that guy in
his past life began making money from trading bonds. He only remembers it was
after all seven cities began trading.
Did he act too early? Is the demand for Treasury Bonds is
still too low and result in the price not rising?
Just then, several people drove over to the bank.
“I’m telling you, it’s better to buy Treasury bonds than
savings in the bank. It is the same as a fixed deposit but with higher
interest. Also, it is to support the nation-building.” One man said.
“But didn’t the Treasury bonds was sold out a few days ago?
Did the government release more bonds?” Another man asked.
“No. Have you forgotten where my son works? According to the
papers, Treasury bonds are allowed to trading. That is, if you are in need to
use the money, you can take the Treasury bonds to the bank and sell to them.
Very convenient. You think about this. Those that need money will come and sell
their bonds and we can buy those bonds. Most importantly, you don’t have to
wait long and you can get five years of interest in a year or two!” The first
man replied.
Feng Yu’s eyes were following these people. These are the
people who got the news and wants to buy treasury bills.
Since there are buyers, then the price of the bonds will
fluctuate. If there is oversupply, the price will not change. But what if there
is more demand?
“Brother Li, let’s have lunch first and then come back!”
Feng Yu said.
Li Shiqiang wanted to say something but sighed. “Why is he
so stubborn? It is also normal for the school teacher to be wrong. With the
lads he hired to collect the Treasury bills, they can still earn a lot in a
month.” Li Shiqiang thought to himself.
Li Shiqiang had no appetite but Feng Yu finished three big
bowls of rice.
Li Shiqiang thought Feng Yu was joking just now. After
lunch, Feng Yu really went back to the bank to inquire about the price. But the
bonds are still trading at face value.
This time there was not a hint of disappointment in Feng
Yu’s eyes. It seems that his self-confidence is back.
They found a small shop with phone and Feng Yu made calls to
several banks asking about the price of Treasury bonds.
“Xiao Yu, forget it. Let’s go back.” Li Shiqiang tried to
persuade Feng Yu.
“Just a while more.” Feng Yu replied.
Until the last one, Feng Yu still had not given up.
“Xiao Yu, we have gone to Bank of China twice today and the
price of the bonds will certainly still be at face value.” Li Shiqiang said.
Feng Yu shook his head and dialed the last number on the
paper. The bank will be closing in one hour. Please rise. Please go up!
“Is the Treasury bonds’ price up now?” How much is 100 RMB
bonds worth?” Feng Yu asked.
Li Shiqiang sighed, went aside and lit a cigarette. After
Feng Yu hangup, he will buy the tickets back to Bing city.
“How much? 100.2 RMB?” Feng Yu asked.
After hanging up the phone, Feng Yu pumped his fist in the
air.
The price had gone up! It really went up!
It turned out he was right. The Treasury bonds had risen by
several percentage points. It should be because it is the beginning now, so the
price did not rise. After some time, the price will be much higher.
“Brother Li, go back to Bank of China!” Feng Yu said
excitedly.
Bank of China is the first bank to adjust the price of Treasury bonds because there are many people buying and fewer people selling. The bank staff informed their higher management and they were told by their management to comply with the market. As such, they allow prices to rise up.
When Feng Yu took out his 200,000 RMB worth of the Treasury
bonds, the bank staffs were stunned. The little boy had so much treasury bonds!