Rebirth of the Strongest Tycoon

After Wang Qi finished speaking, Xia Yu looked at Zhao Zhiyuan, and after seeing his approval, Xia Yu nodded secretly.

He looked at Wang Qi again and said, "Wang Qi, the trading system and management rules will definitely need to be changed. Let's talk about your views on trading commodities. If you were the chairman of the futures exchange, what would you do?"

"Don't be under pressure, just say whatever you want."

Xia Yu's question is the key.

Suddenly asking Wang Qi to express his opinion did put a huge psychological pressure on him.

Fortunately, Xia Yu's attitude was very kind and casual, which relieved Wang Qi's psychological burden.

Wang Qi also knew Xia Yu's character. Since the chairman said so, he sank and thought quietly.

Xia Yu smiled, and then whispered to Zhao Zhiyuan: "Zhiyuan, think about it too, in which direction our exchange can rebuild the market and make the exchange rise again."

"Good boss."

Zhao Zhiyuan replied in a low voice, and was also lost in thought.

While the two were thinking, Xia Yu took a notebook and a pen from the desktop, combined his own experience and memory, and began to write intermittently.

After a long time, Wang Qi's voice sounded, interrupting Xia Yu's thoughts.

"Boss, I have some ideas."

Xia Yu put down his pen, nodded slightly to Wang Qi, and said with a light smile, "Tell me."

Wang Qi took a deep breath and said: "Chairman, there are actually two types of futures on the Hong Kong Commodity Exchange, agricultural futures and metal futures."

"There are only four agricultural futures: raw sugar, cotton, soybeans and corn. The turnover is cold, and the market in Xiangjiang is small and cannot accommodate large-scale capital. This kind of futures is suitable for use as icing on the cake in the later stage, not suitable as a pillar. "

"The market capacity of gold futures in metal futures is sufficient, but the key point is that it is not suitable for the current situation in Hong Kong. In itself, Hong Kong is a gold and silver trading field. There are many banks and gold dealers, and the competition pressure is extremely high. Due to the competition in the local London gold market, many companies in Heung Kong sell London gold futures on a consignment basis.”

"Xiangjiang's own gold and silver exchanges and the local London gold market both allow delayed delivery, and have already had the characteristics and functions of the gold futures market. Therefore, our gold futures cannot be irreplaceable, and it is difficult to compete."

"Not much to say about silver futures, the market has been sluggish."

"Analysed, the Hong Kong Commodity Exchange does not have a pillar-type futures contract, which is the most deadly."

"In my opinion, pillar-type futures contracts need to have two characteristics, one is that they have a large capital capacity, and the other is that they must be temporarily irreplaceable, that is, unique."

"Then we look at the classification of futures, which can be divided into commodity futures and financial futures."

"Commodity futures can be further divided into metal futures, agricultural product futures, and energy futures."

"Financial futures can be divided into stock index futures, interest rate futures, foreign exchange futures, etc."

"Our company is called Hong Kong Commodity Exchange, and its positioning is commodity futures, but whether it is metal futures or agricultural product futures, it is not easy to do temporarily. Crude oil futures in energy futures can be done, but because our local oil consumption is small, it is only a The transfer station does not have super-large crude oil storage facilities, so it is temporarily not qualified to create a highly competitive crude oil futures."

"But we have one thing here, that is the Hang Seng Index, and there is no Hang Seng Index futures in the world. If our exchange can no longer be limited to commodity futures trading and open up the financial futures market, although the management difficulty, cost and risk will be higher. But the market will expand dozens of times or even hundreds of times, we have unique advantages, and the possibility of success is very high.”

"My personal view is to restructure the Hong Kong Commodity Exchange into a full-fledged futures exchange, starting with financial futures, building Hang Seng Index futures into a pillar, and then further launching foreign exchange futures, interest rate futures, etc. International trade transit city,

There are hundreds of bankers alone, and the world's largest banks have branches here. We also have great potential to launch foreign exchange futures and interest rate futures. "

"When the financial futures market is successful and the market capital is huge, it will not be too late to find the right time to launch agricultural futures, energy futures and metal futures. Relying on the huge capital volume is enough to drive the commodity futures trading market of every small category."

"Chairman, the above is my humble opinion, please give me some advice!"

"Clap clap clap..."

After Wang Qi finished speaking, Xia Yu smiled and applauded, saying, "It's very well said, very intuitive and easy to operate."

After Wang Qi received Xia Yu's praise, his heart dropped completely, a smile appeared on his face, and he was humble again and again.

"Thank you for the compliment, Chairman!"

Xia Yu ignored Wang Qi's self-defeating behavior, turned his head to look at Zhao Zhiyuan, who looked deeply inspired, and said with a smile, "Zhiyuan, Wang Qi has expressed his opinion, how about you? What are your thoughts?"

Zhao Zhiyuan was busy recovering from the huge ideological shock.

He took a deep breath, tried his best to calm down the shock in his heart, and said, "Boss, I fully agree with Mr. Wang's opinion. With your influence in the financial field, the financial futures market is the most suitable direction for the development of our exchange, and I have no other options. I have an idea."

It's not that Zhao Zhiyuan doesn't want to have a dazzling performance, but after listening to Wang Qi's opinion, he is also willing to give up. Compared with Wang Qi's proposal, his idea can't come out at all. In this case, don't say it at all, be honest Just obey.

Xia Yu smiled and didn't care.

His main purpose is to let Wang Qi perform, to convince Zhao Zhiyuan, to let Wang Qi press on Zhao Zhiyuan's head, and to let Zhao Zhiyuan willingly cooperate with Wang Qi's work.

And Wang Qi did not disappoint him, as expected of him in the financial field.

He instructed Wang Qi and Zhao Zhiyuan: "Wang Qi, Zhiyuan, let me clarify the division of labor for you. Wang Qi will be the chairman of the exchange, and Zhiyuan, you will be the vice chairman and executive president of the company."

"The first thing is to re-register the exchange, change it to Hong Kong Futures Exchange, and expand the commodity business field to all categories. You will be responsible for follow-up on this matter. If there is any obstacle from the Hong Kong government, you can tell me. It's alright, I'll let someone handle it."

"The second thing is to re-create the trading rules and management regulations of the exchange. You are in charge of this matter, Wang Qi. You have experienced the creation of the United Stock Exchange. You also have a lot of experience. I will give you some of mine later. It is suggested that you combine it."

"The third thing is to comprehensively rectify the staff of the exchange, create a brand-new personnel system, remove those with insufficient ability, and make sure to build an elite team. You will take the lead in this matter, and I will let Korn Ferry International assist you. you."

"The fourth thing, in terms of hardware construction, the current exchange venue is not suitable. The exchange must be placed in the Central Plaza, and it must be built according to the standard of the Hong Kong United Stock Exchange. The transaction method is positioned as a full computer operation, and all face-to-face transactions are abandoned. For site selection, construction and machine procurement, Wang Qi, you have experience, and you are responsible for it.”

"The fifth thing is about trading commodities. Hang Seng Index futures have great potential, but this pillar alone is not enough. At present, the Hong Kong stock market is still sluggish, and the Hang Seng Index futures market is not large enough. It is necessary to launch Nikkei 225 stock index futures, UK FTSE 100 stock index futures and natural rubber futures, these four major commodities listed together, can definitely hit the momentum of the Hong Kong Futures Exchange."

"Wang Qi, you are in charge of this matter. Nikkei 225 stock index futures, you can ask the companies in the island country to assist you. In this regard, the British FTSE 100 stock index futures, I will let the British FTSE index company send someone to assist you. Natural rubber You don’t have to worry about futures, I have reached an agreement with the ‘rubber king’ Li Laisheng in Kuala Lumpur last year, and I will communicate with him later, and he will help contact the large rubber companies in Southeast Asia to support our exchange.”

"For the time being, these are the tasks. I hope that before the end of the year, our futures exchange can keep up with the pace of the stock exchange. Can it be done?"

Wang Qi and Zhao Zhiyuan immediately raised their chests and said in unison, "Yes!"

Xia Yu nodded slightly and asked again: "If there is anything else you don't understand, ask me now."

"boss……"

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