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Chapter 560 Who can¡¯t play with this capital?

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    ¡°The bond market?¡±

    Hearing this word, Liszt¡¯s first reaction was confusion. When did China have a bond market?  This land doesn¡¯t even understand what a market economy is, the financial system has not yet been opened up, and capital is not even a bud, so there is a bond market?

    How come I, who is involved in capital and specializes in studying China, don¡¯t know this?

    So he changed the phone and asked: "When will China's domestic bond market be established? Will Ascendas Group issue corporate bonds?"

    Corporate bonds are very common in the United States. If Ascendas Group issues such bonds, Liszt really wouldn¡¯t worry. Speculating in corporate bonds is entry-level in the eyes of capital traders. If Ascendas Group really wants to do this, Liszt  Te can become the largest creditor of companies such as Ascendas Group with his backhand, and it will be easier to put a noose directly around the necks of these companies.

    But while he was thinking about it, the person on the phone said a word that made him even more confused: "It's not corporate bonds, but national bonds"

    ¡°National debt?¡±

    "Yes, have you heard of Treasury bills?"

    ¡­¡­

    Liszt has only been in China for a short period of time, but in a short period of time he has established good relationships with China¡¯s business, economic, intellectual and even political circles, accumulated a lot of contacts, and made several deals including McDonnell Douglas Investment.  Big Business calls himself an expert on Chinese economics in the American business community.

    But Liszt¡¯s understanding of China was only superficial, and after being fooled by a few like-minded public figures, he felt that China was nothing more than that, and he could apply American business logic to his thinking.

    But he doesn¡¯t know the complexity of Chinese society, the internal logic of the unified gene in China¡¯s two thousand years of history, and of course he doesn¡¯t know what treasury bills are.

    "However, Liszt didn't know it, but Zhuang Jianye knew that there were two major problems at the grassroots level in the 1980s. The first was family planning, and the second was the underwriting of treasury bills.

    ??Tengfei Group has really not been very good at implementing family planning in recent years. It has been at the back of the list of ministries and commissions in this field almost every year, so that every year Zhuang Jianye has to make a review at the ministries and commissions' family planning special meeting.

    "There is no way. Ascendas Group's implementation in this regard is too poor. It doesn't matter that the front-line employees are poor in eugenics and eugenics. The same is true for the group leadership. It would be strange if the leaders of the ministries and commissions in charge of this aspect don't get angry.

    As for who it is, there is no need to ask, except for the sports-loving Peng Chuan, there is no one else. Yes, at the beginning of this year, this guy finally gave birth to his third child. Fortunately, this time it was a baby.  Otherwise, Zhuang Jianye estimated that with Peng Chuan's urine properties, he could continue the great cause of creating humans.

    But the mess left behind is not small. The ministries and commissions have not been able to obtain an advanced family planning unit for several years. They could have tried to get it this year, but this time it was good. Peng Chuan committed the crime against the wind, and one can imagine the fury of the thunder.

    ????Removed from party positions, given a serious warning, and punished according to the highest standards

    After the stern departure notice came out, Peng Chuan just smiled slightly. Despite the seriousness of what it said, it actually didn't have much impact on Peng Chuan because his position as deputy general manager of Ascendas Group and chief engineer of professional equipment was still there.  , this is Pengchuan's greatest capital.

    As for fines and so on, this guy has achieved financial freedom according to the distribution mechanism of Ascendas Group for so many years. Not to mention the tens of thousands of dollars at the top, even if multiplied by two, this guy will not frown. Compared with it, he is still at home.  My precious son is loved by others.

    The ministries and commissions have no choice but to impose no punishment. Where are the other companies and units watching? What should I do if others just take the medicine according to the prescription?  It¡¯s hard to lead a team.

    It doesn't matter if the fine is too heavy, because Peng Chuan is now a well-known expert in the development of professional aerospace equipment in China. The professional equipment in his hands has always been a good thing that the aerospace department and some high-end aviation factories are rushing to buy.  , is also a young academic leader who has high hopes from the ministry and commission, and is also counting on complete equipment import substitution in the future. How can the fine be too heavy?

    Therefore, we can only lift the board high and drop it gently based on Pengchuan's actual situation.

    "But Guozhuang Jianye still has to bear the burden. After all, poor implementation cannot be escaped, and leaders must take responsibility. Therefore, this year's family planning summary meeting will not allow this review to go away.

    However, compared with the messy implementation of family planning, Ascendas Group is a different story when it comes to underwriting treasury bonds. You must know that before the treasury bond reform, this thing cannot be circulated or transferred. In other words, if you take the treasury bonds, you can only wait in peace.  Upon maturity, principal and interest will be collected.

    Generally speaking, it is an alternative time passbook.

    ???????????????????????????????????????????????????????????????????????????????????????????? It would be okay if the family¡¯s spare money was saved on a regular basis, but in the 1980s, the personal salary was only 30 to 50 yuan.??The whole family doesn't even have enough to eat, where can they find spare money?

    ?????????????????????????????????????????????????????????????????? The government has to underwrite treasury bills, and they have to add five or ten yuan to the salary. The salary recipients feel like crying. This thing is not spent as money, and it cannot be traded, so what is the use of keeping it at home?  And a stall costs only five or ten yuan. You must know that in many cases, these five or ten yuan can feed a large family several times.

    So underwriting treasury bonds has become something more difficult to implement than family planning, because if you want to get rich, build roads first, have fewer children and plant more trees. People will understand it. If you directly deduct money, big guys will not be able to understand it.

    Even if the higher-level ministries and commissions set up a super committee covering more than ten functional departments to implement this matter, the effect would be very poor.

    So that in some places, being able to complete the underwriting of treasury bonds for the year will be regarded as a political achievement. Not only will it be reported to the superiors, it will also be praised by the media.

    Ascendas Group has enjoyed this treatment every year since the 23rd Factory period, because the treasury bills amortized to them every year are over-fulfilled. Not only that, even if the superiors amortize more, Ascendas Group still swallows it without frowning.  , there is a general attitude of eating as much as you come.

    Are the employees of Ascendas Group patriotic?

    Of course not, in contrast, they prefer cash, and Ascendas Group has always paid advanced wages to its cadres and employees, and has never amortized a treasury bill in so many years.

    Where have all these treasury bills gone?

    Of course, it was treated as an asset by Ascendas Group.

    Not only that, if Tengfei Group has the ability in recent years, it will also help other companies or places where factories are located to collect treasury bonds through funding.

    But this part cannot be purchased at the original price, and is generally purchased at 30% to 20% off the paper price.

    But even so, companies and localities are still happy to take these bills that are not money, wouldn't it be nice to exchange them for real money?

    As for the shortfall in the books, it is nothing to these state-owned enterprises and local governments. They can quickly fill it up by piecing together here and there.

    In this way, the face value of the treasury bills accumulated by Ascendas Group over the years reached 460 million yuan, and the actual cost was only 320 million yuan. However, in 1988, after the country promulgated new treasury bill management regulations, the price of treasury bills allowed to be traded soared. According to Shanghai  According to the latest prices in the treasury bill trading markets in Shanghai and Panyu, the value of the treasury bills held by Ascendas Group has soared to 680 million yuan.

    And this is only the first batch. The treasury bills purchased by various supporting factories are still being raised rapidly, and the scale is at least 400 million.

    By superimposing the two items, a cash flow of one billion will come out.

    So Zhuang Jianye waved his hand, and the treasury bond trading of the Ascension Department was officially opened. Looking at the soaring figures in the book, Zhuang Jianye could only sigh helplessly. Who can't play with this capital?

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