The Rebirth of the Financial Hegemon
Chapter 46 Glib Talk
Hongkong.
Jushi Capital Headquarters.
Li Xiaoyue frowned slightly and raised and put down the phone in her hand.
Repeatedly.
As early as when various departments of the company were being improved, Zhao Jiangchuan established a rule in the company.
The company's capital usage ratio has reached the highest alert, and the person in charge of the risk control department has the right to limit the company's position size.
Specific considerations will be based on the risk control department’s judgment on specific circumstances.
If it is ultimately determined that the risk exceeds the highest level of controllable risk, the Risk Control Department has the authority to forcibly stop the establishment of a position.
This rule can override the decisions of anyone in the company.
Including the top person in charge, Zhao Jiangchuan.
The purpose is to avoid human uncertainty.
In trading, systemic risks come from the unknown and uncertainty of the market.
But the real risk never comes from the market and the unknown.
With Zhao Jiangchuan's vision and experience, he knows very well that the real problem always lies in people's own instability.
For example, when the results of market movements are inconsistent with judgment, people will always subconsciously fantasize that maybe they can get back their money by holding on.
When profits exceed expectations, people may be blinded by greed and reject the earliest profit expectations.
All of this is caused by the unstable fluctuations in people's hearts like the K-line.
No one is exempt.
Even if Jiang Chuan is on his side, he cannot guarantee that every decision he makes is correct, nor can he guarantee that he can overcome his greed and fear every time.
In history, countless speculators have failed in the end.
Being right a hundred times can go down in history, but being wrong once can be doomed.
The larger the capital, the smaller the chance of error tolerance.
small sampan,
When you see an iceberg, you can go around it. Once the giant ship loses its direction while sailing at high speed, it will only hit the iceberg when it sees it, destroying the ship and killing everyone.
Of course, Zhao Jiangchuan made such a rule mainly to facilitate his future job as a hands-off shopkeeper.
As a boss, developing strategic plans is tiring.
If you have to look to him for everything, then you won't have time to wander around.
What he wants to do is that when the company grows, his presence or absence will not affect the company's normal operations.
As Zhao Jiangchuan's woman, Li Xiaoyue also knew this.
That's why she keeps hesitating.
Some time ago, Zhao Jiangchuan ordered the Hong Kong Trading Department to open a forward long position of US$50 million in Thai baht.
But during execution, problems were encountered.
He Changtian, the risk control department, locked the first-level authority of the company’s capital account.
The trading department cannot open a position.
The reason given by He Changtian is.
The company's current holdings of Thai baht assets are too large. If it establishes a long position in the Thai baht, it will not comply with the company's risk management plan.
Currency exchange rates have the possibility of uncontrollable appreciation or depreciation.
Based on the current proportion of Thai baht assets held by the company, the correct approach is to sell Thai baht forward contracts.
If the Thai baht exchange rate rises, the company's Thai baht assets will rise. If the Thai baht price depreciates, the company's short contracts can make a profit.
He Changtian had good reasons for locking up his authority.
But good reasons never mean that the results are correct, just like good intentions may not necessarily lead to good things.
One week after Zhao Jiangchuan issued a long order on the Thai baht, the Thai baht in the forward foreign exchange market experienced abnormal fluctuations.
The USD/THB exchange rate increased from 1:25 to 1:24.
With the leverage of foreign exchange and the $50 million position ordered by Zhao Jiangchuan, the company could have made tens of millions of dollars in profits.
However, under He Changtian's rigid position limit, the profit that should have been obtained disappeared into nothing.
As the current top person in charge of Jushi Capital’s Hong Kong headquarters.
Li Xiaoyue has the responsibility to report the results of the matter to Zhao Jiangchuan.
But what Li Xiaoyue struggled with was that she was worried that Zhao Jiangchuan thought she was pampering her, both in public and private matters.
He Changtian's operation complies with the company's highest principles and terms.
If she said something behind the scenes on the phone, it would feel a bit like snitching.
What worries Li Xiaoyue even more is that Zhao Jiangchuan is never unreasonable.
Because He Changtian's rigidity caused the company to miss tens of millions of dollars in losses, it would be strange for Zhao Jiangchuan not to announce it.
In the end, Li Xiaoyue made the call.
Regardless of being Zhao Jiangchuan's woman or the work she is currently responsible for in the company, she has an obligation to tell Zhao Jiangchuan about this matter.
"Dudu..."
After a few rings, the phone was connected.
Then, Zhao Jiangchuan's shameless and obscene voice came from the receiver.
"Baby, why are you still up so late? Have you missed me all night long?"
"Yeah, I kind of think about it."
"How much do you think?"
"A little bit."
"I'm so sad. I miss you so much that I can't eat or sleep. You just miss me a little. It's not fair."
"Glib tongue."
"Oh, I see. It turns out you miss my slippery tongue. Which one is better, slippery tongue, or my younger brother?"
"Rogue, dirty bastard."
“…..”
"Jiang Chuan, don't be angry if you hear something."
"Huh? What's the matter?"
"Didn't you ask the trading department to open a Thai baht forward position before? He Changtian's side..."
After some flirting, Li Xiaoyue carefully said what she really wanted to say.
Then…..
There was just a silent silence.
Even through the phone, Li Xiaoyue could feel Zhao Jiangchuan's anger.
Zhao Jiangchuan felt like he was blown away.
As the person who set the company's rules, he certainly knew that what He Changtian did was right.
But after knowing that tens of millions of dollars had just slipped away from my hands, I was still so angry that I almost exploded.
No matter how clear the truth is, it cannot overcome the anger caused by the actual loss.
It would be fine if it were normal.
Now the company is short of money in all aspects.
He finally tried to get some money by cheating to save money, but He Changtian got into trouble.
Zhao Jiangchuan had the urge to beat up He Changtian.
This He Changtian, why on earth would he create trouble for me like this?
After hanging up the phone on Li Xiaoyue, Zhao Jiangchuan immediately called He Changtian.
It's already two o'clock in the evening, Hong Kong time.
But He Changtian did not fall asleep.
In the past few days, he has been on tenterhooks.
No matter what his original intention is, the results speak for themselves.
Because of his inability to adapt, the company missed tens of millions of dollars in profits.
Disobeying the boss's orders also caused the company to suffer such huge losses.
He Changtian replaced himself in Zhao Jiangchuan's position countless times, but he always felt that he had done something wrong.
With a loss of tens of millions of dollars, Zhao Jiangchuan might be tempted to kill him.
Every day, He Changtian would wait until very late to go to bed.
He is waiting.
Waiting for the dismissal call that he least expected and feared.
"Ring ring ring..."
After the phone rang, He Changtian quickly picked up the phone.
Then he gave a wry smile.
Calling me at this time made it clear that the boss was furious.
What was supposed to come came.
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