Republic of China game

Like the stock exchanges of later generations, the staff of the exchanges in this era also wore the iconic yellow vests.The traders, on the other hand, were wearing red vests with serial numbers on the back of the red vests.Zhang Naiqi was wearing a red vest numbered 519 today. He followed Pan Fu, the chief steward of the Feng Dynasty, and Chen Jiongming, the leader of the Zhigong Party, into the currency trading hall.Since the national government has announced the implementation of foreign exchange controls, there is no need to stage a run on legal currency today.In fact, people don't allow exchange at all, and the reputation of legal currency in North China has been discredited!Of course, the matter of exchanging silver dollar certificates for legal currency by the Feng and Anhui departments is not in a hurry. After all, no one knows how the legal currency will fall right now?Therefore, the United Reserve Bank of China does not intend to immediately exchange the strong silver dollar certificates for the legal currency that seems to be becoming waste paper.

"Get out of the KMT! Get out of the French currency!" Slogans were faintly heard on Victoria Avenue, as if angry crowds were marching and demonstrating.Hearing this sound, the pro-KMT bank managers, Wu Zhong, Bai Siwen and others in the trading hall all looked livid, lowered their heads, and just sighed...

"Brother Gongwei... Can we get through this hurdle this time?" Bai Siwen quietly leaned into Wu Chong's ear and whispered a few words.Right now, the two of them are the backbone of the pro-KMT bank managers in Tianjin. If they are all discouraged by the current situation...

Wu Zhong gave a wry smile, and replied in a low voice: "We have tried our best. Whether we can pass this level depends on whether Shanghai can repel the Japanese attack? This is just a small battlefield. It is Shanghai that will decide the outcome of the war." !"

"Then... Shall we entrust legal currency when the market opens?" Bai Siwen hesitated for a moment, then asked again.

Wu Zhong shook his head: "Wait until it falls below [-] yuan before you buy it... If you buy it early, you will run out of ammunition." The French currency is [-]:[-] to the US dollar, which is also the price issued to them by the Military Intelligence Bureau. It is said that the other side in Shanghai is also today. Stick to the six and a half line.Therefore, Tianjin should stick to it to avoid a linkage effect between the two markets.

"Six yuan?" Bai Siwen shook his head with a wry smile.His salary as a colonel is only 100 French currency!Even with various allowances and a subsidy received from the Pacific Trading Company, the total income is only 300 yuan.This income will make his Whampoa classmates envious, and every time they meet, they will pull him to ask him to treat him.But now that the legal currency has fallen, his income will immediately drop by half!And those National Revolutionary Army officers and soldiers who don't have as much oil and water as him will suffer even more...

"Brother Gongwei, I heard that the civil servants of the central government in Beijing are protesting in front of the Zhongnanhai Presidential Palace today, demanding... the president to give them a raise. Is this true?" Bai Siwen He asked again in a low voice.

A trace of coldness slipped across Wu Zhong's face: "A bunch of parasites, what else can they do other than make trouble for the President? What time is it now? They are still thinking about their own salary. Besides...they are civil servants of the central government Isn’t our party paying for them? If we really collapse, let’s see who can pay them!”

Bai Siwen also sighed deeply: "It's really hard for our president. This central government is really a thankless job. How can it be as happy as when we were in Wuhan? By the way, the gold, US dollars, and silver dollars in our hands How much can you scan?"

Wu Zhong smiled wryly: "Our Pacific Trading Company was originally a joint venture with the Feng family, but they just withdrew their capital a month ago and took more than 800 million from our account! Hmph, they didn't invest a penny back then! Now we They only have 100 million US dollars on hand, so they can get 600 million French currency. They have 1000 million in their hands at most... At most, they can get 7000 million French currency at most? I guess, Feng, Anhui and Bei The capitalists of Sixing have at most [-] million French currency in their hands. Today's battle is a bit hanging."

Bai Siwen's face darkened, he looked up at the triumphant Pan Fu, Chen Jiongming and the others, and murmured: "If we can't hold on, what will we do on the other side of Shanghai?"

……

Luo Yaoguo now feels as if he has time-traveled again!Traveling to Hong Kong in the 70s and 001s, he became a "stock god" who called the wind and rain in the Hong Kong stock market.Uh, it looks a bit like the "stock god" in Hong Kong TV series.He was wearing an expensive black suit and a red vest numbered [-].Beside him was a blond beauty with a curvaceous figure in a well-tailored Chinese-style cheongsam.Followed by a group of financial elites of different heights, fat and thin, all wearing red vests.

A group of people swaggered into the stock trading hall of the Shanghai Stock Exchange on the Bund.However, it was different from the Hong Kong TV series, Luo Yaoguo just showed off in the trading floor very flamboyantly, and then walked up to a VIP room on the second floor accompanied by Du Yuesheng, the general manager of the United Exchange.Chen Guangfu, General Manager of Commercial Bank of China, and Bei Zuyi, General Manager of Bank of China, were in charge of directing the transaction today. Kong Xiangxi, Governor of the Central Bank, was in charge of providing ammunition for them, and Song Ziwen, Minister of Finance, was in charge of contacting foreign banks in Shanghai.Wu Ziliang, the spy leader, did not follow. His task today is to sit in the secret headquarters of the Shanghai Station of the Military Intelligence Bureau and direct the spies to "maintain order in the financial market." elite.Uh, in short, all rogue methods can be used as long as they are effective!

"Yuesheng, why didn't I see the Japanese when I came in just now? They wouldn't dare to come today, would they?" Luo Yaoguo asked about the Japanese as soon as he entered the VIP room.It seems that when the positive characters in TV dramas appear very attractive, should they also be set off by equally arrogant villains?Where did they go today?Aren't you a positive person?

Du Yuesheng was still wearing his iconic white silk gown, with a gentle look.In this time and space, he couldn't do the opium business, so he had to change his job and become the general manager of the Shanghai United Stock Exchange!It's usually just a name.Who made this place still a concession right now?Serious high-ranking Kuomintang officials sometimes may not have such a big... Hearing people works.

Du Yuesheng smiled lightly, and replied: "Assistant Hui, they are in the HSBC building opposite today. There are former Mitsubishi chaebol president Iwasaki Hisaya, Yasuda Bank deputy general manager Yuuki Toyotaro, Mitsui Bank chief executive Ikeda Chengbin, Sumitomo Sadaji Iba, deputy general manager of the bank, Keisaburo Kato, president of the Bank of Korea, Shigeru Shimada, president of the Bank of Taiwan, and others. In addition, Zhang Zongxiang, general manager of our Bank of Communications in China, was also there.”

Luo Yaoguo just nodded, found a large sofa and sat down. Japan's four major chaebols, Mitsubishi, Mitsui, Fuji (Yasuda), and Sumitomo, were all present, as well as two of Japan's eight major special banks.It seems that the real behind-the-scenes force behind this fiat currency crisis is the Japanese!

"The British HSBC Bank..." Soong Meiling couldn't help being surprised when she heard that the Japanese had camped in the HSBC Bank building.

Du Yuesheng hurriedly explained: "I just had a phone call with Mr. MacLexon, and he said that this time the Japanese traded through HSBC and Citigroup. They are just agents, purely commercial, and nothing else is involved."

"Hehe, it's purely commercial? The Japanese seem to be doing business today, right?" Feng Tian who spoke, after thinking behind closed doors for a while, finally separated himself from Xiong Kewu and returned to his position as the spy chief. up.Speaking of it, this person is really a bit tricky character.This time, he was Hu Hanmin's representative and came to supervise the battle.

Luo Yaoguo's expression was also slightly gloomy: "These British guys are naturally not very good birds, they are still not sure whether we and the Japanese will win... Once the winner is decided, they will probably follow suit and come in to fight the dog in the water right?"

"...But it doesn't matter, we are sure to win this battle! Even if the British are now on the side of the Japanese, they can only lose money along with them. The trouble is that the British national power is strong, and their government may intervene afterwards The big deal is that we just give them back the share of winning against the British. It is purely delusional for the Japanese to use the power of Britain and the United States to make us shy away from them! Based on this, they have already lost."

In Luo Yaoguo's view, behind the "financial war" is purely a contest of national power.In later generations, it is the hedge funds of the United States that make troubles all over the world and create one crisis after another.Doing this business is not only about having money, but if you want to replace it with Temasek or Abu Dhabi Investment Authority, would you dare to do such a thing?It is estimated that these Japanese are still affected by the inertial thinking of the past, and regard China or the National Government as a soft persimmon.But when I came to Shanghai and saw the scary group of fortresses at Wusongkou, I was a little scared, worried that I would lose my life to make money or spend it.That's why the British and Americans are allowed to earn commissions for nothing, so it should be regarded as protection fees, right?

"How much money did they bring, have you checked it out?" Feng Tian suddenly interjected, his face was still gloomy, pale and blue, and he looked a little scary.

Du Yuesheng still had a smile on his face: "Mr. Huifeng, this time the Japanese brought a total of 12 billion yen, and bet on all industries in Shanghai, and borrowed a total of 10 billion yuan from British and American banks such as HSBC and Citigroup. In addition , Bank of Communications also has about 5 million French currency in liquidity. A total of 15 billion French currency, of course, this is only an approximation, we can’t find out how much it is.”

"Then how many stocks and bonds do they have?" Feng Tian asked again.

Du Yuesheng smiled and shook his head: "Basically not, we know this better than anyone else. The Japanese didn't buy stocks and bonds listed here in the past, and neither did the Bank of Communications."

Chapter 0404 The Darkest Day in World Financial History ([-])

"So what if they don't have stocks or bonds..." Feng Tian shook his head, as if he didn't quite understand the trading rules in Shanghai's financial market.

Du Yuesheng smiled and explained: "Mr. Feng didn't know that, the rules of our joint exchange allow short selling. They don't need to have stocks or bonds in their hands to short our market, they only need to have legal currency. They can Direct short selling with fiat currency as margin, but you need to open an account with a real powerful broker. For example, HSBC, Macquarie Bank, Citibank, and Agricole Bank, all of our top ten banks except Bank of Communications are also eligible to accept Margin short selling by clients. The Japanese Bank of Japan and the Yokohama Specie Bank can also operate this business.”

"Oh, why do you have to be an agent with a strong businessman? Could it be that there is some big risk in it?" Feng Tian frowned slightly and asked again.

Du Yuesheng said with a smile: "Of course there are risks. According to the rules of the exchange, we settle the day's short selling, short buying, futures and other margin transactions after the daily close. If the trader's account has insufficient margin , we want them to make it up immediately. Otherwise... our exchange will suffer. That's why we only deal with big and powerful banks seriously. Of course, these banks are not stupid, their brokers will always Always pay attention to the market trend, calculate the customer's profit and loss, if the customer's margin is insufficient, they will immediately ask the customer to make up the margin or directly close the customer's position..."

Although this Du Yuesheng has not read any books, he is really a smart person.These financial methods and rules have been thoroughly understood by him, and it is clear and logical at the moment, and it is estimated that Song Ziwen and Kong Xiangxi can only talk about it.

"...Mr. Feng, to put it bluntly, the rules of our exchange are that big fish eat small fish, and small fish eat dried shrimps. It is about financial strength. If there is a large-scale long-short confrontation, it depends on the financial strength of that side Strong! As long as the opponent is pushed to the limit, we can win. So... Today, we are not afraid of the Japanese coming, but we are afraid that no one will come to play with us. If they are coming, this financial strength must be inferior to President Kong of!"

These words are too blatant, as long as people with a little bit of brains can hear the doorway!The Kuomintang reactionaries are going to play tricks.

Luo Yaoguo laughed at this moment, and took Du Yuesheng's words: "This is the advantage of using French currency as the settlement currency of the Shanghai Stock Exchange! These Japanese people have [-] billion in their hands, and Kong Yongzhi has as much as he wants! Hehe... I feel a little sympathetic to these Japanese devils, they are all the financial elites of a country, if we really want to play our cards according to the rules, we are really no match for them."

Surprise suddenly flashed across Feng Tian's face: "Brother Fuwen, what do you mean...we're not following the rules this time? We're doing..."

"We are robbing them legally!" Luo Yaoguo's face was almost contorted into a ball of laughter. If the battlefield was on Wall Street this time, everyone would gamble in a fair, open and just way. With Luo Yaoguo's bargaining chip With his financial level, he will definitely lose.The current situation is like a gamble. The Japanese and the Northern Consortium hold a big card, while the Kuomintang holds a rotten card that is doomed... But the Kuomintang itself is in charge of judging the winner!This thing seems to have never been heard of in the world's financial history?

Feng Tian's complexion has already darkened: "Fu Wen, will the Japanese be convinced after being robbed by you in Shanghai? Will it cause international negotiations, or even... war?"

"Go to war?" Luo Yaoguo frowned slightly, pondered for a while, and then slowly shook his head: "Should...not be! Oh, I'm not saying that the Japanese won't invade us, I mean the Japanese The target of aggression will not be the southern region we rule, but only Manchuria! There are iron ore, coal, food, etc. that the Japanese military wants to make Japan a first-class power. And there is no strong force The military force is providing protection, unlike our hundreds of thousands of troops with equipment and training that are no less than the Japanese army, and coastal defense batteries that are enough to resist the Japanese navy. Besides, Japan is not yet ready for war, especially It is because the oil reserves are too small, and once they are sanctioned by Europe and the United States, they will not last long."

"Will it happen internationally?" Feng Tian took a deep breath and asked again.

"Internationally?" Luo Yaoguo smiled deeply: "I heard that axiom is only within the range of cannons! And there are forty of our cannons with a diameter of more than [-]mm around Shanghai, so this time international axiom is within our range. Right side!"

"Assistant Marshal, Mr. Feng, the market will open soon." Du Yuesheng's voice was trembling at this time, as if he was overexcited.

He made a solemn gesture, and invited Luo Yaoguo, Feng Tian and others to the huge curtain on one side of the VIP room.Then several yellow vests of the exchange swiftly opened the curtain. Behind the curtain was a huge transparent glass through which the entire trading floor could be seen.At this moment, the trading hall was crowded with people, and brokers in red vests were dancing and making various gestures.Staff members in yellow vests kept writing and drawing on huge blackboards, writing out a series of symbols representing money, stocks, and bonds.The trading hall is surrounded by hundreds of desks separated by wooden boards. There are so-called "trading seats", and each seat is worth hundreds of thousands of French currency!These trading seats today are the battlegrounds of this financial war.The banks on the Kuomintang side occupy hundreds of trading seats in a row. At this moment, Song Ziwen, Kong Xiangxi, Chen Guangfu, Bei Zuyi and others have put on red vests and stood there!

March [-], [-], nine thirty in the morning.With Zhang Jingjiang, chairman of the Shanghai Stock Exchange, ringing the opening gong in person, the darkest trading day in the world's financial history has finally begun!

Luo Yaoguo witnessed a financial market collapse with his own eyes today!Seen from the telescope, a dozen huge blackboards are a shocking red (green means rising, red means falling)!It seems like everything is collapsing except commodities like flour, coal, oil, etc. are all going up.Stocks are falling, bonds are falling, and fiat currencies are falling!As soon as the market opened, the price of fiat currency fell below six fiat currencies to one dollar, and the selling was still surging.Stocks are also plummeting, all more than 100 stocks are falling without exception!In just a few minutes, the Shanghai Stock Exchange's 180-stock index has fallen from [-] points to [-] points, which is almost a [-]% drop!However, considering that the legal currency has depreciated by tens of percent, the actual decline is still very alarming.Most of the bonds are also falling, including the bonds issued by the Beijing government and the national government, as well as various bonds issued by large enterprises and banks, with a total value of about billions of legal currency!

At present, most bonds are also plummeting, except for the three-year national government bond code-named 2, which barely maintains above and below the flat line.This issue of bonds is the largest public bond issued by the national government, with a total amount of about [-] million yuan in legal currency. The targets of the issuance are mainly the top ten banks supported by the national government... It is estimated that the current situation should be that those big banks are working together to protect plate?

In addition to these spot products, there are also a large number of futures varieties listed on the joint exchange.At this moment, the trading volume of futures contracts is also increasing significantly.Among them, the three-month and six-month government bond futures corresponding to the [-] government bonds have become a hot spot in all futures!The reason is very simple, because this is the only position that today's bulls are sticking to!So bears can also find opponents here.Futures and short selling are actually "gambling", and gambling cannot be played alone... there must always be an opponent, right?Therefore, the variety that the bulls are sticking to has naturally become the main target for shorting.

……

"President! Our KMT is about to die!"

Liao Zhongkai also got on the plane going north early this morning, and now he rushed to Zhongnanhai Jurentang to ask to see the President Sun Yat-sen.

"What's the matter?" Sun Yat-sen was leaning on a large sofa, his face was livid and black, and he looked a little frightened: "Zhong Kai, why is our country like an iron barrel of the Kuomintang coming to an end?"

"This..." Liao Zhongkai raised his head and looked at President Sun, who was sitting on the sofa with a murderous look on his face, and his heart sank: "President, humble job... I made a slip of the tongue. It's not our Kuomintang, but them." The rightists of the Kuomintang are about to end. These rightists..."

With a slap, Sun Yat-sen picked up the teacup and threw it hard, stood up abruptly, and roared: "You bastard! I have done my best to them. Even the money-issuing market in the north has been given up, and they still want to make more progress. I Now I’m ready to go back to Wuhan. Are you going to follow me, or stay here? Maybe they will choose you to be the president!”

"President... calm down, president, calm down..." Seeing Sun Yat-sen furious, Liao Zhongkai was also taken aback in his heart.Listening to Sun Yat-sen's words, it means that war is really going to start!

"President! You are the president of our Republic of China, not the president of the right wing of the Kuomintang!" Seeing that Sun Yat-sen was about to leave, Liao Zhongkai hurriedly took two steps forward, knelt down in front of Sun Yat-sen with a plop, blocking his movement Going to the road, crying: "The economy in the south is about to collapse. What will we use to maintain the army? What will we use to fight them! President, now we only have to completely reform the Kuomintang, reorganize the national government, and implement democratic constitutionalism. Only by punishing the pro-American faction can the people's hearts be restored, so..."

"Hehe, Liao Zhongkai, do you think Luo Fuwen will really lose?" Sun Yat-sen looked at Liao Zhongkai who was kneeling in front of him with a strange expression.

Liao Zhongkai nodded in a daze.