Future chat group

November 6, Monday, noon.

The stock market has stopped, and the impact of victory or defeat will take time to ferment. Lei Hao thought that he could retreat when Thailand opened up the situation, but another thing slowly unfolded.

"If nothing unexpected happens, the ASEAN National Exchange will be renamed the ASEAN Stock Exchange early next year, and the ten ASEAN countries will integrate the securities market. By then, the Thai securities market should be a market connected to the ASEAN Stock Exchange platform." Lei Hao's office Here, Kunyu is open and honest.

Even the Central Bank of China has not confirmed whether the news is true for some of the words in it, but Kunyu said it, "Can Mr. Lei understand the political stance of the ten ASEAN countries? Starting from the alliance, we can only adopt a big power balancing strategy."

Lei Hao felt that all kinds of information were flowing rapidly in his mind.

The ten ASEAN countries have a very good geographical location and can almost be said to be the heart of the Asia-Pacific. However, ASEAN is a weak chicken in the military. Any major country in the world can defeat it. Therefore, the balance strategy of major powers is a principled political stance.

Lei Hao can understand this. Thailand is now close to China, but that does not mean that it will completely kneel down and call "Chinese Dad". They must also stick to their own interests.

The ASEAN Stock Exchange is just like China's financial marketization. It has been called for many years, but there has been no way to finalize it. Generally speaking, reality does not allow it.

The most contradictory clause is the free flow of capital. In other words, if Thunder holds bonds in Thailand and sells them directly, the funds can be injected into the securities markets of other ASEAN countries.

This is of course ecstatic for Singapore, but difficult for Thailand to accept. Singapore’s capital market is so smoothly connected to the outside world that it is almost as smooth as having no restrictions. As for Brunei, Myanmar, Laos and Cambodia, they said It doesn't matter, there are less than ten listed stocks in the four countries combined.

Singapore, Malaysia, and Thailand have different opinions. India, the Philippines, and Vietnam said that they need to discuss it. The matter has been dragged on until now, and there has been no trace of it. Various forces involved have taken action one after another. The flash of swords and the intensity of the debate are not enough for outsiders to understand.

"No, it's November now. If the ASEAN Stock Exchange is to be established, I should be able to receive the news. Why is there no sign?" Lei Hao's doubts suddenly appeared in his heart, "It may be possible for the ten countries to keep strict confidentiality, but ... I have not received any information, which means that something will happen to this matter."

"But from a strategic perspective, it's no wonder that President Wang is rushing to let Chinese-funded institutions go out." A smile appeared on Lei Hao's lips.

The ASEAN group dares to establish an alliance-type stock exchange. Although they don’t know what the specific rules will be, they are really brave.

If it is done well, of course it will be the work of a thousand years. If it is not done well, then you will suffer. But no matter which party it is, this is a matter of both opportunities and challenges.

"We intend to connect with more markets, including China and India." Kunyu dropped another big bomb.

Lei Hao immediately knew why this matter had to be delayed. If he took too big a step, he would get hurt.

"My personal opinion is that this matter needs to be discussed. India's capital market...you should know that their index is not healthy. It is definitely a dynamite barrel." Lei Hao analyzed: "As for China, I can only My motherland is very rich, and the capital markets of South Korea and Japan are larger than those of ASEAN."

"But this is an opportunity." Kun Yu looked at Lei Hao and finally regained some confidence.

No matter how powerful you are, you are only the leader of a financial institution. I, Kunyu, am the one who can influence the financial order of ASEAN. We even have the intention to peek into the world financial market.

Lei Hao was a little silent, but he had no intention of laughing at the other party for overestimating his capabilities.

"In the financial world, no one can underestimate anyone." Thinking of this, Lei Hao felt a little swollen in his head.

Global economic integration and regional economic integration are objective directions of development. The collapse of the Bretton Woods system took the U.S. dollar no longer having the obligation to exchange for gold as a historical node. After that, economists began to throw out various hypotheses.

Currently, the most promising approach is a blend of Chicago and Keynesian economics.

The Chicago School of Economics believes that a market with complete free competition should be established, while the Keynesian School believes that there should be complete government intervention. The combination of the two is to establish an economic system that is both full of competition and allows the government to have the right to intervene.

The idea of ​​establishing a world financial exchange was raised, that is to say, establishing an exchange that includes stocks, options, futures, foreign exchange, gold, oil and other things from all over the world to be traded on this exchange.

I sold stocks in the Chinese section, and within the scope allowed by China, I directly exchanged the RMB into Thai baht. Then, within the scope allowed by Thailand, I went to the Thai section to buy stocks, and even used them to buy and sell any financial products from any country. See Getting up is quite a beautiful thing.

But Lei Hao knows very well that establishing a "financial United Nations" means that any country will hand over some of its rights to supervise financial activities in exchange for an organization for world financial integration. Is it cost-effective? Many people think it is not cost-effective, so there is basically no possibility of success.

When Lei Hao saw Kun Yu's shining eyes, he knew that the other party might be eyeing this impossible goal.

"It is impossible for any country or economy to do this." Lei Hao knew this very well.

The United States can't do it, China can't do it, and Europe can't do it. Why can ASEAN do it? Is it because of your great power balancing strategy?

The World Monetary Fund, the World Bank, and any international financial organization can’t do it. Your ASEAN Stock Exchange, which has not yet been established, can? Only because of your combination can you be ranked eighth in the world in terms of total market capitalization?

People without dreams are no different from salted fish, but dreams are like twin brothers. Gao Zhuanyuan is a twin brother. Lei Hao admires people like Kun Yu, but he doesn’t think that he has the possibility of success, or... he has not succeeded in dozens or hundreds of years. possibility.

A global alliance is impossible. What about a regional alliance? Lei Hao thought about many things, from the establishment of the Thunder, to the rise of the Thunder, to the asset layout, to the strategic requirements of his superiors, and then remembered why the resistance to entering the Thai securities market was so huge.

"Why does Kunyu want to talk to me about this matter?" Lei Hao continued to think divergently: "From Thunder's perspective, I definitely support global financial integration. Even if it is just a regional exchange, it is a great opportunity for me. , so I definitely support this.”

"So..." Lei Hao focused his eyes on Kun Yu: "He encountered difficulties and wanted to ask me for help!"

Lei Hao suddenly realized that what he might be involved in next would be a very important event in the financial history of Asia, Asia-Pacific and even the world.