The Rebirth of the Financial Hegemon
Chapter 120 Supplementary Free Chapter
In the trading department.
Fang Zhongyuan is directing traders to conduct market operations.
The market is as expected.
Under the super bad news of the Bank of Thailand's sharp increase in deposit and loan interest rates, the securities market jumped sharply downwards as soon as it opened.
Even if it opens more than 10% lower, it still cannot stop the market from continuing to decline.
Therefore, the short-selling contracts held by Jushi Asset Management were closed very smoothly.
It means closing a short contract.
Fang Zhongyuan and Robert had also wondered about this problem before.
Why is it that when the super bearish market is bound to fall, orders are issued from above to close positions.
But then the two of them understood why.
With the current position size held by Jushi Asset Management, only large-scale short selling can buy SET at a low price to hedge and close the position.
Under this super negative situation from the Bank of Thailand, a large number of selling orders are bound to emerge in the market.
In this case, Jushi Asset Management was able to buy a sufficient amount of contracts amid the huge selling.
Otherwise, with the size of Jushi Asset Management's position, it would have been difficult to exit smoothly in the previous market.
The most important thing is that the company's big strategic goal has never been the Thai baht.
"279 points, buy 5,000 lots of SET500..."
"289 points, buy 3,000 lots of SET100..."
Only positions are closed, not opened.
At the close of trading that morning, the Thailand Composite Index traded 150,000 contracts.
Hong Kong, Jushi Capital headquarters.
Zhao Jiangchuan sat in the office seriously.
Opposite him is Zhang Xiaolei, the executive director of Standard Chartered.
Zhang Xiaolei had a look of fear and nervousness on her face.
The way she looked at Zhao Jiangchuan was like looking at a devil in human skin.
It's not that Zhao Jiangchuan had any irregular behavior.
Since Zhao Jiangchuan wantonly explored Zhang Xiaolei's most secret inner thigh a long time ago, Zhao Jiangchuan has not done anything transgressive towards Zhang Xiaolei ever since.
But Zhang Xiaolei's fear of Zhao Jiangchuan was even more serious than then.
Even though the two of them were one meter apart now, Zhang Xiaolei still had the urge to run away.
Because Zhao Jiangchuan threw a product design plan to Zhang Xiaolei.
It was that plan that made Zhang Xiaolei feel that the man in front of her was simply a devil.
This is a financial product sold in the name of a bank.
Since the Federal Reserve cut interest rates, the Hong Kong Monetary Authority has also cut interest rates again.
Currently, the interest rate implemented in Hong Kong has dropped to an annualized rate of 2.8%.
If investors purchase this financial product issued by the bank, they can achieve an annual rate of return of 13%.
If compared with this rate of return, it is a financial product with great investment value.
The name is also very nice.
Xinglong No.1.
The funds purchased for financial management will be used to invest in emerging market countries around the world.
Including the BRIC countries.
Investors' income will be paid annually.
If it is redeemed in the middle, a 2% handling fee will be deducted.
But this is not something that scares Zhang Xiaolei.
The real reason is.
In front of the 13% rate of return, there is a very subtle reminder.
If you can sum it up in one sentence.
It can be interpreted as the theoretical highest return.
As for the various details at the bottom, additional legal documents are required.
The same can be summed up in one sentence.
Based on the principle of voluntary purchase by customers, the risk is borne by the customer himself.
That's why Zhang Xiaolei felt that the guy in front of him was simply a devil in human skin.
She already roughly understood what kind of financial product this was.
The most embarrassing thing is that the improvement of this product requires her, the administrative director, to perfect all the details.
Zhang Xiaolei held the initial design plan in her hand and secretly clenched her fists.
After a long time, she finally plucked up the courage to speak.
"Boss, will this..."
Before Zhang Xiaolei could finish speaking,
Zhao Jiangchuan, who was sitting on the sofa, said.
"Too boring?"
"..."
Zhang Xiaolei remained silent, acquiescing to Zhao Jiangchuan's statement.
Zhao Jiangchuan didn't mind either. He stood up, took a step and sat next to Zhang Xiaolei.
This sudden movement scared Zhang Xiaolei to the point of shaking involuntarily.
Under Zhao Jiangchuan's long-term wanton power, Zhang Xiaolei was afraid of this capitalist to the core.
Fortunately.
This time, Zhao Jiangchuan was very honest and didn't do anything wrong with his mean hand.
Only then did Zhang Xiaolei's heart feel at ease in her stomach.
However, before Zhang Xiaolei's heart returned to its original place, she almost jumped out of her throat again in fright.
"Xiao Lei, you know, I have never been interested in airports, but in fact, there is still hope at the airport. Do you want me to help you treat it?"
threaten.
A naked threat.
How can the airport treat me? As a woman, I don’t know.
So Zhang Xiaolei said quickly.
"No, no, I'll do it right away."
"Very well. I hope you can satisfy me."
Zhang Xiaolei didn't dare to stay here any longer. She stood up in a panic and kept a safe distance from Zhao Jiangchuan.
Only after confirming a certain safety range did he speak.
"Then...I'll go back first."
After saying that, Zhang Xiaolei turned around and ran away without waiting for Zhao Jiangchuan to answer.
That nervous look almost made Zhao Jiangchuan laugh.
"Hey, you forgot to pick up the design plan. "
Zhang Xiaolei, who had already reached the door of the office, was suddenly stunned.
After discovering that the design plan was still thrown on the previous table, he quickly turned around and ran over again.
She didn't dare to look into Zhao Jiangchuan's eyes, so she grabbed the design plan on the table and ran away without saying a word.
"ah!"
Outside, Zhang Xiaolei suddenly screamed as soon as she went out.
Nine times out of ten, it was because I was too nervous and my high heels twisted my foot.
Zhao Jiangchuan looked innocent.
He really wanted to ask Zhang Xiaolei, am I that terrible?
"Ring ring ring..."
The office phone rang.
Zhao Jiangchuan glanced at the number and pressed the speakerphone.
"Boss, good afternoon. According to your instructions, we closed 50,000 positions this morning."
Fifty thousand hands.
According to Thailand SET’s margin, it is US$250 million.
A drop in the bucket.
But Zhao Jiangchuan also knows that Thailand has tried its best.
Based on the liquidity of the Thai market, the maximum transaction volume in a day is hovering around 300,000 contracts.
If it weren't for the Bank of Thailand's desperate efforts, it would be a dream to close 50,000 contracts in one morning.
After thinking for a few seconds, Zhao Jiangchuan spoke.
"The original plan was carried out."
After hanging up the phone, Zhao Jiangchuan prayed seriously for Thailand and its people.
Because in his memory, the Thai stock market later fell to about 200 points, so that twenty years later, the Thai market could never return to its peak in 1798.
But that's still the original trajectory.
Now that Jushi Asset Management is involved, who knows how far the Thai stock market will fall.
I hope Buddha will protect you from too much misfortune this time.
Rice tofu.
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