The Rebirth of a Genius
Chapter 20 – Price rises

Feng Yu and his sister had lunch together. In the afternoon, they went to the bank to check the price of Treasury bonds in the city of Bing. Treasury bonds are still sold at face value. 100 RMB for a bond of 100 RMB!

After dinner, Feng Yu and Li Shiqiang boarded the carriage. Their bags are full of state bonds.

Feng Yu let Li Shiqiang sleep first while he stood guard. When Feng Yu could not bear his sleepiness, he woke Li Shiqiang up and went to sleep.

As a result, Feng Yu slept until dawn. Li Shiqiang, on the other hand, smoked for seven hours and did not even drink a drop of water not even go to the toilet.

"Brother Li, why don't you wake me up?" Feng Yu asked.

"Easy . You can sleep longer. Anyway, I can't sleep either. "Li Shiqiang said with her two red eyes. There are 200,000 RMB of bond bonds in his bag. How did he fall asleep?

At eight in the morning, the two appeared at the main entrance of ICBC (Industrial and Commercial Bank of China). Seeing the two of them each carrying backpacks, the security guard continued to stare at them.

"Camerad, did you buy treasury bonds here?" Ask Feng Yu.

The bank staff looked at Feng Yu in surprise. Shen City was the first city in the country to allow the secondary trading of Treasury bonds. The banks have been informed in advance and are prepared to trade in State Bonds. However, they do not expect that their first customer is someone in their teens.

“Of course, we have received instructions to allow trading of Treasury bonds. ”The bank staff replied.

"How much is a 100 RMB bond?" Feng Yu hurriedly asked.

The staff replied with a confused face: “Obligation treasury 100 RMB of course 100 RMB. ”

Accident ~ ~ ~

Feng Yu seemed to hear a heartbreaking voice.

How is this possible? Treasury bond prices have not gone up? Is it because this is the first city to allow bond trading so that the price has not gone up?

"What about 500, 1000 and 5,000?" 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 were looking at him as if he was an idiot. Feng Yu sat on the chair sadly. Does he remember wrong? Or, was it because his appearance and history had strayed from his original path?

“Xiao Yu, it's okay. Even if we cannot earn from selling to the bank, we can still earn from interest. I've checked it out. Most bonds will mature within two to three years. "Li Shiqiang patted Feng Yu on his back, trying to comfort him.

“Brother Li, write this bank phone. Let's go to CCB (China Construction Bank)! ”Say Feng Yu.

Feng Yu was unwilling to accept this. There must be a difference in prices between banks. He did not believe that prices were also very low at other banks.

But after going to China Construction Bank, the answers they got were exactly the same.

After recording the bank's phone number, they went to the next bank.

This year, China has started to focus on developing commercial banks. In addition to the "big four" banks (China Industrial and Commercial Bank, China Bank, China Construction Bank and China Agricultural Bank), other banks, such as Communication Bank, China Merchant Bank, Everbright Bank, etc. it has open branches in many cities.

Feng Yu went personally to each bank to find out what the price of Treasury bonds was.

But the bond prices in banks are the same. Bonds are traded at face value!

After exiting the last bank, Feng Yu and Li Shiqiang sat on the stairs. They feel tired and helpless.

"Sister Li, give me a cigarette. "Said Feng Yu.

"Forget . Xiao Yu, let's go back. We spent a lot of money on taxis today. The price will probably go up in the future. "Li Shiqiang comforted Feng Yu.

Is he acting too early? Is the demand for State Bonds still too low and result in prices not rising?

At that moment, several people drove into the bank.

"I told you, it's better to buy state bonds than savings in a bank. It is the same as fixed deposits but with higher interest. Also, this is to support nation building. "Say of a man.

“But weren't Treasury bonds sold a few days ago? Is the government releasing more bonds? ”Another man asked.

"No . Have you forgotten where my son works? According to the newspaper, Treasury bonds were allowed to trade. That is, if you need to use that money, you can take Treasury bonds to the bank and sell them to them. Very easy . You think about this. Those in need of money will come and sell their bonds and we can buy those bonds. Most importantly, you do not have to wait long and you can get five-year flowers in a year or two! ”The first man's answer.

Feng Yu's eyes followed these people. These are the people who get the news and want to buy debt securities.

Because there are buyers, the bond price will fluctuate. If there is an oversupply, the price will not change. But what if there are more requests?

"Brother Li, let's have lunch first and then come back!" Said Feng Yu.

Li Shiqiang wanted to say something but sighed. “Why is he so stubborn? It is normal for a school teacher to be wrong. With the young man he hired to charge the Treasury bills, they could still earn a lot in a month. "Li Shiqiang thought to herself.

Li Shiqiang did not eat, but Feng Yu finished off three large bowls of rice.

Li Shiqiang thought Feng Yu was joking right now. After lunch, Feng Yu actually went back to the bank to ask for the price. But bonds are still traded at face value.

This time there was not the slightest bit of disappointment in Feng Yu's eyes. It seems like his confidence is back.

They found a small shop with a phone and Feng Yu made a call to some bank asking about the price of Treasury bonds.

“Xiao Yu, forget it. Come back . "Li Shiqiang tried to persuade Feng Yu.

"Just a few more moments. '' Feng Yu replied.

Until the latter, Feng Yu still had not given up.

Until the latter, Feng Yu still had not given up.

“Xiao Yu, we have gone to Bank of China twice today and the bond price is definitely still at face value. "Li Shiqiang said.

Feng Yu shook his head and turned the last number on the paper. The bank will be closed in an hour. Please rise. Please ride!

"Is the price of Treasury bonds rising now?" What is the value of RMB 100 bonds? "Ask Feng Yu.

Li Shiqiang sighed, went to the side and lit a cigarette. After Feng Yu hangup, he would buy a ticket back to Bing city.

"How much? 100. 2 RMB? "Ask Feng Yu.

After hanging up the phone, Feng Yu pumped his fist into the air.

The price has gone up! It really went up!

Turns out he was right. State bonds have risen by several percentage points. It should be because it is the beginning now, so the price does not go up. After some time, the price will be much higher.

"Brother Li, return to the Bank of China!" Said Feng Yu excitedly.

The Bank of China was the first bank to adjust the price of state bonds because there were many people buying and fewer people selling. Bank staff inform their higher management and they are told by their management to comply with the market. Thus, they allow prices to rise.

When Feng Yu issued a Treasury bond worth 200,000 RMB, the bank staff were stunned. That boy has so many treasury ties!