Chapter 560

"Bond market?"

When he heard this word, Liszt's first reaction was that he was confused. When did China have a bond market? This piece of land is not even clear about what the market economy is, the financial system has not been opened, and capital is not even a sprout. Is there a bond market?

Why don't those who devote themselves to capital and study China?

So he changed the phone and asked, "when will the bond market be established in China? Did Tengfei group issue corporate bonds? "

Corporate bonds are very common in the United States. If Tengfei group's hairstyle is this kind of bond, Liszt really doesn't worry. Speculation on corporate bonds is at the entry level in the eyes of capital operators. If Tengfei group really wants to do this, Liszt will become the biggest creditor of Tengfei group and other enterprises. At that time, he will put a noose around the neck of these enterprises and fight back It's easier.

But as he was thinking about it, the person on the phone said a more puzzling word: "it's not corporate debt, it's national debt..."

"National debt?"

"Yes, have you ever heard of treasury bills?"

……

Liszt has only been in China for a long time. Although he has established a good relationship with the business, economic, intellectual and even political circles in China in a short time, he has accumulated a lot of contacts and made several big businesses including McDonnell Douglas investment. He claims to be a Chinese economic expert in American business.

But Liszt's understanding of China is only superficial, and then he is fooled by a few common people with similar tastes. He thinks that China is just like this, and he can fully apply the business logic of the United States.

But he didn't know the complexity of Chinese society and the inherent logic of the unified gene in China's two thousand years of history. Of course, he didn't know what treasury bonds were.

However, Liszt is not clear, but Zhuang Jianye knows that there are two major problems at the grassroots level in the 1980s. The first is family planning, and the second is the underwriting of treasury bonds.

Tengfei group's implementation of family planning in recent years is really not very good. Almost every year, it is the tail of the Ministry in this field, so that every year Zhuang Jianye has to review it at the Ministry's family planning special meeting.

There's no way. Tengfei group's implementation in this aspect is too poor. Even if the frontline staff's eugenics and eugenics are poor, so is the group's leadership. It's strange that the leaders in charge of ministries and commissions don't get angry.

As for who it is, there is no one else except Peng Chuan, who loves sports. Yes, at the beginning of this year, the third child of this product was finally born. Fortunately, this time, he was a leader. Otherwise, Zhuang Jianye estimated that Peng Chuan's urination could continue his great career of making people.

But the mess left behind is not small. The ministries and commissions have not won the advanced unit of family planning for several years. Originally, they could fight for it this year. This is good. Peng Chuan committed the crime against the wind, and his anger can be imagined.

Remove party posts, give serious warnings, and punish them according to the highest standard

After the stern departure notice came down, Peng Chuan just gave a little smile. Although it was very serious, it didn't have much impact on Peng Chuan, because his position as deputy general manager and chief engineer of professional equipment of Tengfei group is still there, which is Peng Chuan's biggest capital.

As for fines, over the years, according to the distribution mechanism of Tengfei group, the goods have achieved financial freedom, not to mention the tens of thousands of dollars in the top grid, which is multiplied by two. The goods will not frown. Compared with it, it is still the baby son of the family.

Ministries and commissions also have no way, no punishment, where other enterprises look, gently exposed the past, others also follow the prescription, how to do? The team is not easy to bring.

But the penalty is too heavy, because Peng Chuan is now a well-known expert in the development of professional aerospace equipment in China. His professional equipment has always been a good thing for the Aerospace Department and some high-end aviation factories to rush to buy. He is also a young academic leader with high expectations from the Ministry. He also hopes to achieve complete import substitution of equipment in the future. How can we Maybe it's too heavy.

Therefore, according to Peng Chuan's actual situation, the board can only be raised and dropped gently.

However, the Guozhuang construction still needs to be carried out. After all, if the implementation is not effective, it can not escape and it is responsible for leadership. Therefore, at this year's family planning summary meeting, this review can not run away.

However, compared with the mess of implementing family planning, the take-off group in underwriting treasury bonds is a different look. You should know that before the reform of treasury bonds, this thing can not be circulated and transferred. In other words, you can only wait for the maturity of treasury bonds and collect the principal and interest.

Generally speaking, it is an alternative time deposit book.

If it's OK after decades, it doesn't matter if the family's spare money is saved on a regular basis. But in the 1980s, the personal salary was only 30 or 50 yuan. The whole family didn't even have enough to eat. Where could they have spare money.

As a result, when it comes to underwriting Treasury bills, it's hard to spread five or ten yuan on the salary. The wage earners have the heart to cry. It's not money to spend and it can't be traded. What's the use of putting it at home? And a stall costs five yuan, ten yuan. You know, in many cases, these five yuan, ten yuan can make a large family eat several full meals.

So underwriting treasury bonds has become something even more difficult to implement than family planning, because if you want to get rich, you need to build roads first, have fewer children, and grow many kinds of trees. People understand that if you directly deduct money, you can't understand it.Even if the higher ministries and commissions set up a super Committee covering more than ten functional departments to implement this matter, the effect is very bad.

So that in some places, it will be regarded as a political achievement to complete the underwriting of treasury bonds in that year, which can not only be reported to the higher authorities for commendation, but also be widely praised in the media.

As early as the 23rd branch, Tengfei group enjoyed this treatment every year, because the Treasury bonds that were amortized to them every year were all over fulfilled. Moreover, even if the higher authorities amortized more, Tengfei group still swallowed them without frowning, and there was a big fight to eat as much as they came.

Is it the employee of Tengfei group?

Of course not. By contrast, they prefer cash, and the salary paid by Tengfei group to cadres and workers from beginning to end is advanced. For so many years, they have never amortized a treasury bill.

Where are all these Treasury bills?

Of course, it was taken as an asset by Tengfei group.

Moreover, if Tengfei group has the ability in these years, it will help other enterprises or the place where the factory is located to collect treasury bonds in the form of subsidies.

It's just that this part can't be bought at the original price. It's usually returned at 70% to 20% of the paper price.

But even so, enterprises and places are still happy to take these improper money bills in exchange for real money. Isn't it fragrant?

As for the deficit on the books, it is not a matter at all for these state-owned enterprises and local governments, and it can be filled up very quickly by patching up everything.

In this way, the face value of the Treasury bonds accumulated by Tengfei group in recent years has reached 460 million yuan, and the actual cost is only 320 million yuan. However, in 1988, after the introduction of the new Treasury bond management measures, the price of the Treasury bonds allowed to trade soared. According to the latest prices of the Treasury bond trading markets in Shanghai and Panyu, the value of the Treasury bonds in Tengfei group's hands has increased The value has soared to 680 million yuan.

And this is only the first batch. The Treasury bonds purchased wantonly by various supporting factories are still being raised rapidly, with a scale of 400 million at least.

If the two items are combined, a billion yuan of cash flow will come out.

Therefore, Zhuang Jianye waved his hand, and the Treasury bond transaction of the take-off Department officially opened. Looking at the soaring number of books, Zhuang Jianye could only sigh helplessly, who can't play with this capital.