Chapter 639 Domestic

It takes nearly 20 hours from Heathrow Airport to Capital Airport. Tian Dongliang's British Airways plane in the early morning was in the evening when he got off the plane. Even if he was in first class, his feet were still too weak.

However, Tian Dongliang's spirit was so excited that he had no intention of rest at all.

"Manager Tian, please follow me." The person waiting at the airport is not the bank, but the officer sent by the Dahua Industrial Public Relations Department, who looks like a young man who has just graduated.

Tian Dongliang looked left and right and found no other pick-up people. He couldn't help asking, "When can my report be submitted?"

"We will go to the Information Bureau now. After reviewing it, we will find a way to send your report." The young man got into the driver's seat and started driving.

Tian Dongliang's face changed slightly: "Do you still need to review? I told you, Su Dong, that my article must be completed by me independently, otherwise I would rather not publish it.

"We will not modify your article, but since it is submitted by us, we must know the content of it."

Tian Dongliang curled his lips and said, "What if you are not satisfied with the review?"

"We hope you can modify it. If you can't change it, we can only not submit it up." The young man in the driver's seat looked at the rearview mirror and said.

If it had been Tian Dongliang two days ago, he would have been at a loss at this moment, but his time in London was too much training. Even an honest husky would become a cunning wolf. He also looked at the rearview mirror and smiled for a while, "It's impossible. Even if you can't change it, you can't have to submit it up. This is your chairman's plan. If it weren't for the urgency of time, he wouldn't have sent me back to China overnight. Don't you think so?

The young man's smile seemed to have been frozen. After a moment, he was relieved and said, "Li Bu said that if you are not convinced, just let me know. In a word, the review still needs to be reviewed, and what is the result? The people above decided.

After saying that, he focused on becoming a driver.

Tian Dongliang stared for a while and had no choice but to accept the result. With his position, he is not qualified to deliver the report to the State Council, and this is undoubtedly a shortcut to the end of the south, a golden road with countless examples of experience, from a vulgar point of view. Tian Dongliang expects his name to appear. Being able to break the rising ceiling in the bank, and from a less vulgar point of view, Tian Dongliang also hopes that one day he can really become a beam and not live a life chasing the footsteps of loan merchants every day.

Dahua Information Bureau.

An analyst trained by Dahua himself, a recently retired former department-level political worker cadre, and a retired media reporter formed a three-person review team. They will follow their own scope of review. Give a score to Tian Dongliang's report.

In addition, the Ministry of Strategy also sent two people. Be ready to rewrite the report at any time.

It is obvious that another person is not as appropriate as Tian Dongliang, but it is not powerless. If the content of Tian Dongliang's report really fails to pass, and he refuses to modify it, there must be a backup plan.

Only then did Tian Dongliang realize the full preparation of Dahua Industry and quietly wiped his sweat. Fortunately, he focused on the financial process, not anything else.

"It's okay." After reading the last one, the political work cadre handed over the review results to Dong Feng.

"The score is good." Dong Feng looked at Tian Dongliang outside the window in surprise.

The political work cadre smiled: "Anyway, they are people in the system. If you pay a little attention, there will be no big problem, but I don't understand finance."

"As long as there are no political issues." Dong Fengshi also read the copy of the report. At this time, there are retired old cadres to check, so he is much more relieved.

Retired foreign politicians and senior government officials often consult enterprises, but in China, this trend is not popular, and Dahua Industry does not want to take the lead, or grab the tricks of state-owned enterprises. They use the usual means of Japanese consortia to pay salaries with overseas companies, and then provide serious project analysis. Although many people felt that it was unnecessary, Su Cheng insisted, and Dahua Industry persisted.

After nearly 8 years of indoctrination, Su Cheng's will is fully indoctrinated in Dahua Industry. Such a long time is enough to win the Anti-Japanese War. Naturally, it is enough for Dahua to build its own system.

"Congratulations, Manager Tian." Dong Feng went out and shook Tian Dongliang's hand and sent Tian Dongliang, who was peeking at the political cadres through the glass, out of the door.

Tian Dongliang doesn't know what he is in now. It's a little strange and a little excited.

......

Midday.

Su Zhenguo finished a 30-minute short nap, sat by the bedside and drank today's amount of water. He took a breath and was ready to walk in the yard for two laps under the protection of the nurse.

When he passed through the side door, he saw his secretary waiting there with his notebook in his hand.

"What's the matter?" Su Zhenguo is full of vitality. Compared with senior leaders of the same age, his health is good. At this position, living for a long time and good health are the biggest trump card, and the secret of the prosperity of the Su family seems to be all here.

The secretary nodded and whispered, "You said that the futures trading of the TransAsia Fund in London will tell you if there is anything new."

"Is there a new situation?"

"London's crude oil futures reached $15, and New York began to rebound to more than $16."

"What is the change?"

"On the surface, there seems to be no big change, but I asked a few people and guessed a little." The secretary of the Su Ban is definitely the top secretary of the best choice. It is more important to prepare more information for Su Zhenguo's work.

Su Zhenguo slowly walked under the grape shelf, sat firmly, and asked, "What guess?"

The secretary opened the notebook, took a look at it as if to be sure, and said, "We guess that the Pan Asia Fund or Sioux City itself may have invested in the price difference contract between New York and London."

"Oh?" Su Zhenguo obviously doesn't know what this is.

The secretary briefly introduced: "The spread contract is to bet on the price difference between New York and London. If you guess the right direction, a small spread can also make a lot of profits."

"Su Cheng guessed right?"

"We guess it is." The secretary whispered, "I compared the futures contracts between London and New York and asked several banks. They should have invested a lot of money, and the profit is considerable.

The exchanges in London and New York are relatively transparent, and most of the investments of financial companies are traceable. As long as you know some relevant information, it is not difficult to find clues.

Su Zhenguo pulled down a little vine, chewed it in his mouth, and asked, "Tay about it, how much money does this boy make? If he doesn't make much money, you won't report, will you?

"At present, it is estimated that at least $2 billion." After the secretary spit out this number. No more words.

Su Zhenguo bit off the vine: "2 billion dollars?"

"There should be so many." The secretary did not dare to make a resolute guarantee. In fact, when this number came out. He was much more frightened than Su Zhenguo.

And the real profit is much more than what he told Su Zhenguo.

At this moment, London has already opened, and oil prices are still fluctuating. But New York thinks it has got rid of OPEC's cage...

The price difference between the two places. It has expanded from 50 cents at the opening of London to 80 cents.

If the profit of Sucheng is accurately estimated, it will increase by at least 60% and exceed $3.5 billion.

But with such a large number, Su Ban's secretary will not use "at least" to describe it, that is, with a very stable "2 billion dollars", he feels frightened.

If the timeliness of futures is not so strong, the secretary will definitely wait for a more accurate result. I just reported to Su Zhenguo.

Su Zhenguo also knew the code of conduct of the secretaries, so he added a little to this number in his heart. Then he asked, "How many barrels of crude oil is it equivalent to?"

"The oil price in London is currently 15 dollars per barrel, which is 133.33 million barrels. If it is priced at 18 dollars a few days ago, it will be almost 111 million barrels." The secretary quickly calculated the result.

"It's equivalent to earning a year's output from Shengli Oilfield." Su Zhenguo said loudly, "This financial speculation is really powerful."

"Yes, and the cost is very low. The cost of crude oil exported by Shengli Oilfield accounts for almost half of the cost." The quality of China's crude oil is generally poor, Daqing's is slightly better, and Shengli Oilfield's crude oil is much worse. Moreover, the less light oil is extracted, the more heavy oil there is, all costs are rising, and all kinds of prices are falling.

Su Zhenguo put his hand on a crossbar of the grape trellis, stood up and asked, "If Su Cheng made a mistake in gambling, will he have to lose so much money?"

"If he keeps increasing the deposit, he will have to accompany so much. If he doesn't increase it, it is to stop paying all the margin. Let's guess, it's about 200 million US dollars."

Su Zhenguo nodded "um" and said, "You are so bold..."

paused for a while, just as the secretary left quietly, Su Zhenguo said to himself, "Just like me."

......

More and more people are paying attention to price difference contracts.

As a contract variety developed in the 1970s, price difference contracts are also early financial derivatives. However, financial derivatives before 2000 are not popular. Whether it is customers or traders, they prefer real futures.

Yes, compared with financial derivatives, futures are more real. Take crude oil as an example. If the long futures contract fails, you can also choose to deliver. If the short futures contract fails, you can also choose to buy it in the spot market and then ship it to the delivery warehouse. After the copper reserves suffered a great loss in that year, the Chinese A large amount of spot copper was used for delivery to reduce losses.

In contrast, financial derivatives are more like futures futures. There is nothing to be delivered at all, and the leverage is generally high. Once you lose, it is easy to lose. For example, gambling on financial derivatives with good or bad weather includes all kinds of agricultural futures, and perhaps stocks of logistics companies. Once you bet in the wrong direction, it is almost impossible to reduce losses from other directions.

In the era when investment banks were not rampant in the 1990s, there were very few crude oil futures traders who touched spread contracts, but when they found that Sucheng was making money and made a lot of money, more people began to follow up.

This makes the situation more chaotic, making money, losing money, not making money...

When the number of participants increased, financial institutions that were out of the way first also began to get involved in the period one after another. Lehman Brothers of the United States, Industrial Bank of France, Aruba Investment Company and other companies that are not optimistic about Pan-Asian funds feel that the time is ripe to enter with green money.

Even Enron in the United States, which has closed its positions and claims, has re-send traders and began intermittent testing the water.

... (To be continued...) RT