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Why is it called 327 in the national debt futures 327 incident?
"327" is the code name of the treasury bond futures contract, which corresponds to the 3-year treasury bond issued by 1992 and due in June 1995. The total amount of bonds issued is 24 billion yuan. On February 23rd 1995, Shanghai Wanguo Securities Company illegally traded the 327 contract, and smashed 65438+ in the last 8 minutes. Treasury futures therefore died.

Give you one more thing:

The Financial Times called it "the darkest day in the history of Chinese mainland securities". The specific situation is that the Shanghai Stock Exchange had the largest trading volume and was the most active. Among them, the long-short camp gathered the most important figures in the China securities market at that time, and the empty side was Guan Jinsheng, the president of Shanghai Wanguo Securities Company, who was then known as the "godfather of Shanghai Securities". There are also "Liao Guofa" plateau and Gaoling brothers. Many private enterprises in Shanghai and Jiangsu and Zhejiang provinces were headed by "Zhongjingkai" directly under the Ministry of Finance at that time, including Chen Shulong, who later founded Guoyuan Securities in Anhui, Xu Weiguo, chairman of Shenzhen Dapeng Securities, and other individual enterprises in Jiangsu and Zhejiang provinces. This is a luxurious feast of madly dividing up state-owned assets, laying a universal bond-creating a large number of billionaires!

Guan Jinsheng is "the most thoughtful group of market people in the early stage of China stock market", and they believe their own analysis. Many parties are purely a group of "shady people". It is illegal for them to speculate on "inside information", but in China, it is always "honest people and law-abiding people suffer". It is difficult to make big money in any field without illegally operating "edge ball".

The Shanghai Stock Exchange did not announce the name of Guan He, but it was doomed. If the delivery is due according to the closing price stipulated by the Shanghai Stock Exchange-IWC loses 6 billion yuan, if Guan Jinsheng acts on his own initiative-IWC gains 4.2 billion yuan, and if 30 yuan closes its position according to151-IWC loses1600 million yuan.

After reading this black eating incident, people can't help but feel lack of courage and full of emotion. Even the invincible Tiger and Wolf Division, the largest institution in China at that time, died in one day. I think we retail investors really need to reflect on our superficial understanding of the financial market and only consciously strengthen self-risk education!

After Zhongjing opened the world, he also went bankrupt. Dai, the vice president in charge of treasury bond futures, was assassinated by unknown people at the end of Beijing 1995. Dai has neither reported the case nor been hospitalized. After being hastily bandaged in the hospital, he left Beijing that day. This person had telephone contact with some acquaintances before 1997, and his whereabouts were unknown after 1997. ...

Later, China Economic Development Co., Ltd. did the same thing in Changhong's illegal listing, and made a fortune. Later, the growth and development of several major departments in China stock market, such as Weidong, Eastern Europe, Jin Xin and Hanlong of Jinyong Department, were all related to Changhong's illegal rights issue and listing for profiteering. This is the shady China stock market! !

Zhongjingkai, it is said that in the early 1990s, its employees lived a life that senior white-collar workers can't match now. The impression it gives is: mysterious. As for why it eventually went bankrupt, I think it is meaningless to open it again after he used it backstage to destroy all his opponents.