MTL - The Son of Finance of the Great Age-Chapter 8 Who is Ray Dalio

  Chapter 8 Who is Ray Delio

One day in 1984, at Yanjing International Airport, in Terminal 1, which had not been put into use for a long time, several middle-aged people in suits and leather shoes looked anxiously at the immigration passage, and one of them, who looked like a leader, kept looking at it. Watch, although the temperature in the airport is not high, there are still a little sweat on the tip of his nose.

   "Why aren't you here yet?" After looking at his watch again, he couldn't help complaining to the young man beside him holding up the pick-up sign.

   The young man who was being questioned shook his head and took the opportunity to put down the pick-up sign that he had held up for a long time. He thumped his sore shoulder and replied with a little teasing in his mouth:

   "Department Lu, the radio hasn't said that the flight is coming yet. Let's find a place to rest for a while. I've been lifting for a long time, and my waist is almost broken!"

"Hey! What are you talking about, kid? This is it? It's only a few minutes, and you are tired! I think that when I went to the countryside, I had to carry hundreds of catties of dry firewood a day! I didn't cry, but you first I'm screaming, alas, I said you..." The leader surnamed Lu rolled his eyes, his mouth was like a machine gun, and began to teach the young people a lesson.

  The young man lowered his head, pretending to be modest and receptive. But in his heart, he began to refute the oily, pot-bellied leader in front of him word by word.

"Tell me what kind of a good man you used to be? If you have the ability, now you can carry hundreds of catties of dry firewood! Look at your fat head! You are just a fool. When you see foreign guests like grandsons, you know that you are majestic in front of your own people. !I bother!"

   He must never say these words, he can only flirt in his heart.

The fat-headed and big-eared leader spit and talked for a long time. Seeing the young man drooping his head and looking dejected, he thought that the lesson was almost done, and he happened to talk dry, so he said proudly. Pointing to the half reclining chair in the rest area, he said in an unquestionable tone:

   "Attention everyone, go over there and rest for half an hour. Xiao Zhong, go and buy some bottles of water!"

  As soon as he finished speaking, several other pious people breathed a sigh of relief, and walked towards the rest area regardless of their appearance. One of them was walking while untying the tie around his neck, as if it was not a tie but a life-threatening rope.

  As soon as they sat down, they couldn't wait to take out cigarettes from their arms, and started to puff like no one else was there.

  Passengers sitting near them covered their noses one after another and got up one after another to escape from their surroundings. They didn't care when they saw them, but instead exhaled smoke from their noses.

  The leader surnamed Lu was still standing there, taking a panoramic view of their behavior, and humming dissatisfiedly: "It's really mud that can't support the wall, how can you receive foreign guests with this virtue!"

  He looked away, only to find that a hand was stretched out in front of him, and it was the little clock that he had called to buy water earlier.

   "What are you doing? Begging for food?" He knocked off the palm lying in front of him, and said displeasedly.

"Director, I really need money! You don't know how expensive things are at the airport, even a bottle of water costs five yuan. I'm a poor student, how can I have so much money, and I don't know if I can be reimbursed!" Xiao Zhong Hehe smiled and said embarrassedly.

"Huh! Take it!" The leader surnamed Lu took out his wallet from his pocket, counted four "steel workers" (5 yuan), and handed them to Xiao Zhongdao. At the end, he did not forget to remind: "Don't forget to develop/ ticket!"

  20 yuan is not a small sum these years, and even Director Lu at Huaxia International Trust and Investment Company is heartbroken.

  Huaxia International Trust and Investment Company was founded five years ago by Mr. Rong Renyi, who is known as a "red capitalist" under the advocacy and support of the then Huaxia executives. In the early days of its establishment, it was regarded by the highest level as a window enterprise for opening up to the outside world.

  The registered capital of Huaxia International Trust and Investment Company is 200 million yuan. The board of directors includes a large number of capitalists who survived the industrial and commercial transformation, and some patriotic entrepreneurs who are becoming famous in Hong Kong and Macau.

  In 1980, Huaxia Trust and RB Dongfang Leasing jointly formed Huaxia Dongfang Leasing Company, which opened the field of financial leasing to foreign capital.

  In 1982, Huaxia Trust hired RB's largest brokerage firm "Nomura Securities" to successfully issue a 12-year Samurai Bond with an annual interest rate of 8.7%, raising a capital of 10 billion yen. This is the first time Huaxia has issued overseas bonds.

  The so-called samurai bonds are foreign bonds issued in the RB bond market, with Japanese yen as the transaction currency. For the same reason, foreign bonds denominated in U.S. dollars in the U.S. bond market are called Yankee Bonds, while those in the U.K. market are called Bulldog Bonds.

   "Samurai", "Yankee" and "Bulldog" respectively represent the three most developed countries.

   It was not until 2005 that for the first time, a financial institution in Huaxia State was approved to issue bonds in the inter-bank bond market, trying to open the bond market to foreign institutions. Bonds issued by foreign-funded institutions in the Huaxia Capital Market and denominated in RMB are called panda bonds.

  Back to the topic, when the little Zhong who was assigned everywhere hurried to the crowd with four bottles of mineral water, they had already smoked several rounds of cigarettes, and knuckle-length filters were thrown all over the floor.

  They smoke imported cigarettes, and domestic cigarettes don’t have many filters. These days, it is quite a face-saving thing to be able to smoke at the front door, but these people are smoking "good friends" and "Hilton".

In this kind of company that often deals with foreigners, there is naturally a way to get rare foreign cigarettes, and when food stamps and oil stamps are still used in most parts of the country, the middle and high-level managers of Huaxia Trust can already frequent in a foreign restaurant.

At this time, it has not been a few years since the reform and opening up, and the senior management of Huaxia Trust has begun to frequently contact the international financial community. They often invite some famous financial figures in the capital markets of some Western countries to come to Huaxia to give lectures on the international financial market. Knowledge.

  The whole country opened its doors and eagerly learned the advanced things of Western capitalism.

Four years ago, Yenching University, the first university in China, had the honor to invite Theodore Schultz, the Nobel Prize winner in economics the previous year, to Yanyuan to explain the economics of the Chicago School, which was flourishing in the West. Ertz himself has long focused on the research of agricultural economy and economic development based on agriculture, and has been called the "father of the concept of human capital" by the Western School of Economics.

What is embarrassing is that it was very difficult for Yenching University to find a person who was proficient in Western economics and a good English interpreter. In desperation, a student surnamed Lin who absconded from across the Taiwan Strait could only be Shure. Ci's translation.

  Who would have thought that Schultz actually took a fancy to this student and accepted him as his disciple. Two years later, the student surnamed Lin graduated from Yenching University, successfully obtained a master's degree, and then traveled across the ocean to study for a Ph.D. at the University of Chicago, the holy land of economics.

   Several years later, the student returned from the United States and established the Huaxia Economic Research Center at Yenching University, making great contributions to the research and teaching, personnel training, academic exchanges, and policy formulation of Huaxia Economics.

  In addition to Yenching University, other institutions of higher learning have also invited a large number of international elites to give lectures and lectures in China, and some of the Chinese elites even recommended themselves as recommenders, introducing a large number of domestic students to study for degrees in prestigious foreign schools.

   Among them are the famous Chinese economist Zou Zhizhuang, and the Chinese Nobel Prize winner Li Zhengdao.

  Through their recommendation and sponsorship, a large number of mainland students were able to study abroad, most of them successfully obtained a degree, and some returned to the mainland, and in turn nurtured another group of students.

   This is the best era!

Xiao Zhong is a student of Yenching University. He is just a sophomore this year. Because he is fluent in English and very familiar with financial knowledge, he was sent by the school office to Huaxia Trust to receive an American named Raymond Delio. financier.

  As soon as he walked in front of everyone, the water in his hand was immediately snatched away. Seeing several cadres gulping water, he swallowed hard, pointed to Mr. Ray Dalio on the pick-up board and asked:

   "Director, who is this Ray Delio?"

"Who cares about him! Let's go back quickly after picking him up. This **** job is really not done by humans!" The big belly drank the mineral water in the plastic bottle in one breath, and burped comfortably. He replied slowly.

  He was the only one who was at the right level among the people present, so Xiao Zhong's "Director" was exactly what he was calling him, and the others did not dare to answer casually.

  Xiao Zhong didn't ask any more questions, and sat down on the armchair to doze off.

  There is a strange phenomenon in Huaxia, that is, the leaders of state-owned enterprises also have administrative levels, and the typical government and enterprises are not separated. Some cadres may change from administrative positions to become the top leaders of enterprises, and there are also leaders of enterprises, and finally step into the officialdom.

It has not been a few years since the reform and opening up, the country has just abolished the commune system in the countryside, implemented the household contract system, farmers' income has increased greatly, and private enterprises are still in the ascendant state, the famous "fool melon seeds" just obtained The national registered trademark right didn't take long.

  Why did you mention "Fool's Melon Seeds", because in this snack brand, you can see the impact of the policies at that time on private enterprises. "Fool's Melon Seeds" and its founder, Nian Guangjiu, are a bellwether.

  At this time, the Huaxia financial market in mainland China has just been established, and the opening of the first securities trading business will take two years. Before that, only some state-owned enterprises could carry out some financial business in the international market.

"Everyone who welcomes passengers, please pay attention. The US ×××× flight from New York to BJ will arrive in 15 minutes. Thank you. Ladies and Gentlemen, May I have your attention please." Just when everyone seemed to be asleep, the airport prompt sounded appropriately It sounded, awakening everyone from their slumber. The five people tidied up in a hurry, with smiles on their faces, waiting motionlessly in front of the entry channel.

   Not long after, a tall, middle-aged white man with brown eyes came out pushing a suitcase. He was wearing a white shirt and chinos, walked straight in front of several people, and stretched out his hand.

   "Hi, I'mRayDalio, Thanksforcoming." (Hi, I'm Ray Dalio, thank you for coming...)

  (end of this chapter)