splendid star

Chapter 12 Xiaoju's Company
After Xiaoju graduated from university, she successfully joined a small trading company in sales. This company was established recently and mainly exported various small commodities.
In recent years, due to the proliferation of US dollars, the world's economy has overheated. Foreign trade companies have caught up with the global economic boom, accumulated a lot of wealth, and earned a lot of foreign exchange.
"The country's current exchange rate policy is compulsory exchange. Enterprises are not allowed to retain foreign exchange and must convert it into RMB." Mr. Wu from the company where Xiaoju worked looked at the large amount of funds lying quietly sleeping in the company's account and fell into deep thought. You must find a way to maintain and increase the value of your funds.
Nowadays, the expansion of China's foreign trade surplus is accelerating, there are strong expectations for the external appreciation of the RMB, and there are relatively large expectations for the decline of the US dollar. If this continues, the balance of foreign orders that have not been received will depreciate, and the company's wealth will shrink faster.
Since the beginning of this year, domestic prices of metals, plastics, etc. have soared, and the company's material costs have continued to increase.From a foreign perspective, the economy is far less popular than in China. By 2007, the economies of developed countries that were still growing at a moderate pace had already begun to decline. This was especially felt in foreign trade. More and more foreign dealers were in arrears with their final payments!Thinking of this, Mr. Wu became very worried.
Seeing the increasing pressure and worries in the company's future, she thought of the company's partner, Mr. Bao, and might as well find out what methods he had to protect and cope with it.
So, Mr. Wu picked up the phone and dialed Mr. Bao's mobile phone: "Hey, Mr. Bao, what have you been busy with recently? ... Are you doing stocks? Isn't that very risky? What if you lose money? ... ...Yes, I'm worried, and I don't have any good solutions. I want to learn from you..."
After hanging up the phone, Mr. Wu learned from Mr. Bao that many of their foreign trade bosses were using idle funds in their company accounts to speculate in stocks.She has personally invested some funds in the market before. She knows that the stock market has been really hot this year and has increased a lot. However, subconsciously, she thinks that it is very risky to do stocks. She would never dare to invest the money in her company account. This is all the family property she has accumulated through hard work day and night over the past few years. If she loses money, she cannot afford the consequences. The company still has so many employees to support. She is not like Mr. Bao and his company who have a big business. , As the saying goes, a skinny camel is bigger than a horse. Even if you lose money, it will not damage the foundation.
However, are there other ways to maintain and increase value?Although banks have raised interest rates several times this year, compared with the stock market, they are too unattractive.The rapid development of China's economy has accumulated a large amount of wealth for the society, but the lack of financial management channels has left the funds with nowhere to go. They have to gather wherever there are hot spots, which is highly speculative.How about allocating some funds? Professional matters must be left to professionals. She decided to take a gamble.Mr. Wu finally handed over the financial management matters to Zheng Juan, the financial director.
Zheng Juan and Xiao Ju are from the same hometown, and they are also doing stocks themselves, catching up with the bull market and making a little money.In a casual chat, Zheng Juan revealed to Xiao Ju that the company had purchased a fund.She also asked Xiaoju if she wanted to follow suit and do some stock trading.
Xiaoju had a very difficult time going to college and had to work part-time to successfully complete her studies.In her opinion, she doesn't really care whether money can generate money. The safety of money is more important than anything else.
"I don't know anything about stocks. As long as our company can pay me my salary on time, that's all. My family is still waiting for me to pay back the money!"
"You are so stupid. Buying stocks is investment and a second career. It will make you make money faster. Look at our Mr. Wu, we have all invested our money in the stock market." Zheng Juan felt that Xiao Ju was too much. keep.
"Didn't Mr. Wu buy a fund?" Xiao Ju asked puzzledly.
"Now that the stock market is so hot, will all the money from funds be used to buy bonds and bills, which are extremely low-risk products? I heard that funds have a red line and cannot fall below a certain position, so they will definitely buy stocks. ." Zheng Juan knew a little about finance and continued to give Xiao Ju some guidance.
"Oh." Xiaoju replied indifferently.
She doesn't care where the company's money is invested!As long as she works hard to do a good job, place more trade orders, and earn more wages, she will be satisfied.In her opinion, nothing is more important than stability.
Seeing that the fund he bought continued to make profits, Mr. Wu became bolder and thought about adding more fund assets.In her impression, the fund is professional and safe, and she can trust them to take care of her assets.
"Hey, Lao Feng, do you think you can pay me part of the outstanding balance in advance? You also know that it is only a matter of time that the RMB continues to appreciate. If I sell you goods, I might have to lose money. Ah..." Mr. Wu was calling her overseas dealer.Because the economic downturn abroad has become more apparent, Lao Feng has been in arrears with the final payment for some time.
"Let me think of another way, and I will call you back as soon as possible." Dealer Lao Feng was a little tight now, so he asked Mr. Wu to give him a few more days.
A few days later, Mr. Wu received a call from Lao Feng. The call made her overjoyed.It turns out that the European countries where Lao Feng lives have been experiencing economic weakness recently, while China's economy continues to grow, and the stock market is rising steadily.Lao Feng said that many people there are buying Chinese stocks through various channels. Some of his friends also want to exchange RMB through Mr. Wu and enter the Chinese stock market to make money.Mr. Wu can earn a certain fee in the process, and Lao Feng can also drink soup as an introducer, so that the balance owed can be paid back as soon as possible.Mr. Wu thinks this is a good idea and she is happy to be a broker.
With the economies of developed countries slowing down, my country's economy continuing to grow, the US dollar continuing to depreciate, and the RMB appreciation remaining unchanged, a huge amount of international capital is accelerating its influx into China in search of safe havens.
"Hey, Mr. Zhang? I'll add another 100 lots of Chalco." Mr. Wu called Mr. Zhang of the securities company's sales department and asked to continue adding stocks. This is her personal stock account.Since metal prices have increased significantly this year, the cost of raw materials continues to increase, which makes Mr. Wu a little breathless.Mr. Wu thought: Since the cost of metal is increasing, it is better to buy more metal-related stocks as a hedge.
Xiaoju knew nothing about the current situation of the company. She still came to the company early every day and started a busy day of work.She desperately searched for interested dealers online, hoping to get more sales and earn more commissions.
She didn't know that the economic situation abroad was getting worse and worse at this time. No matter how hard she tried, the company's orders would be difficult to grow and the business would be increasingly difficult to do. At this time, the company's prospects had become confusing.
　In 2007, not only the whole population was speculating in stocks, but also all enterprises were speculating in stocks. Strong expectations for RMB appreciation accelerated the influx of international hot money, and the flood of currency liquidity in the capital market further promoted the rise of the stock market.
　
(End of this chapter)