Reborn Capital Madman

It is not difficult to guess at all that the thing that makes the dignified Huifeng Daban Pu Weishi restless must be something wrong with Huifeng.

To put it simply, due to Gao Xian’s intrusion, the emergence of the Hong Kong Exchange Fund Authority, the scale of the Hong Kong Exchange Fund reached 30 billion US dollars, the Hong Kong Exchange Fund Authority was upgraded to the Hong Kong Monetary Authority, and the Hong Kong Japanese Yen Offshore Finance

center, xiangjiang international digital center, xiangjiang

Jiang Digital Expressway, the rise and competition of Gaoyi, etc., etc., the "variables" cannot be ignored either explicitly or implicitly, making Huifeng more and more radical in this cycle, so that it was suddenly affected by this

The global stock market crash was so severe that we had to spend our money to save our lives.

It is true that Huifeng has a history of more than 100 years. In the semi-colonial era of old China, it was an industry overlord, handling the old China's salt tax, customs duties, etc.; after the business center was moved to Xiangjiang, it became the industry leader, in various fields.

Even in banking crises and stock market crashes, we have been able to survive. We are very familiar with the cycle, but the cycle will move back and forth, and in the end we cannot stop the new "general trend".

Take the most typical Hang Seng Index futures, Hui Feng and Gaoyi have become two major rivals. They have been short on Gaoyi in the second half of the year and have been miscalculating for several months. Huifeng, who is bullish, is so excited that he can’t wait to buy it.

Before the expected correction of the Hong Kong stock market early next year, drain the blood of Gaoyi.

As a result, Huifeng is now in trouble.

The current situation of Hang Seng Index futures is very dangerous. You can get a glimpse of the tip of the iceberg through a number.

Under the guidance of Gao Xian, the design of Hang Seng Index futures, such as margin, trading suspension, settlement, etc., has been perfected to be as consistent as possible with international standards. It is only said that the value of the standard contract is equal to the number of Hang Seng Index points multiplied by fifty Hong Kong dollars.

The combined trading volume of current month and forward contracts has exceeded 2 million contracts.

This trading scale is far from the tens of millions of S&P index futures contracts traded, but its current ranking is already the second in the world.

In this case, every time the Hang Seng Index fluctuates a little, the Hang Seng Index futures market will make a profit or loss of 100 million.

On Monday, October 19, the Hang Seng Index fell by nearly 500 points. The spot month contract of the Hang Seng Index futures was often over 100 points high, and the forward contract was 200 points high. The Hang Seng Index futures market followed suit.

How big the impact will be is up to you.

As for how involved Huifeng is, perhaps only Huifeng himself knows best.

Therefore, Puweishi was a little distracted from Li Bancheng and was busy studying the situation with his subordinates, such as the dynamics of the meeting held by the Xiangjiang Futures Exchange.

As the chairman of the Hong Kong Futures Exchange, Ma Shiheng is walking on thin ice. The Hong Kong stock market has been closed for four days. It would be great if he can really stabilize the decline. Otherwise, he will face a huge impact. You know, it is October now.

In the second half of the month, and futures settlement is on the last working day at the end of the month, if the loser is unable to perform the contract by then, Xiangjiang Futures Guarantee Company will be in trouble.

Therefore, Ma Shiheng held a meeting with the management, shareholders, and members of the Xiangjiang Futures Exchange to discuss what situations they might face when the Xiangjiang stock market reopens next Monday.

It is not difficult to imagine that those institutions with international background are as anxious as ants on a hot pot, gnashing their teeth with hatred. Other stock markets around the world are still falling. They want to stop their losses, but they can't do anything. Some people can't help but roar.

, this is a breach of contract, is Hong Kong still an international financial center?

For this kind of sound, Ma Shiheng's left ear goes in and the right ear goes out. It is not constructive, and there is no value in listening to the heart. Anyway, the stock market has stopped, and my stock index futures have also stopped following the rules.

Otherwise, if something goes wrong again, he will really get stabbed.

Although the opposition to the suspension of the Hong Kong stock market has the upper hand, the support side, which mainly comes from the energy of international institutions and hopes that the suspension of the Hong Kong stock market can effectively stabilize the situation, is quite sincere.

…

As time went on, Federal Reserve Chairman Greenspan took action to rescue the market. The Federal Reserve bought government bonds from the market, which was equivalent to adding US$12 billion in reserves to the banking industry, and lowered the federal funds rate to 0.7

five.

After the floodgates are opened, the effect of rescuing the market will definitely take place, but a process is indispensable. The U.S. stock market can be described as "improving." What does it mean? It means that the overall situation has not fallen so hard, and there is hope for the situation to improve.

In any case, Greenspan gained huge popularity through this move.

By the way, I would like to point out that this is actually groundbreaking. In so-called free markets like the United States, when stock market crashes occurred before, the government would not "intervene" like this. This is why Gao Xian needs to wait patiently for someone like Greenspan.

Set a precedent so that others can be silenced when he takes action.

The global stock market crash spread from the American stock market, and the response in the United States was as if the sky was falling. Even the Federal Reserve took an unprecedented step to rescue the market. But the reaction in West Germany was even more interesting.

On October 22, West Germany's central bank, the Deutsche Bundesbank, had a regular meeting. As a result, President Karl Bohr was the first to express his opinion as if nothing had happened, "Baker got into trouble, we are just dealing with it."

Baker refers to U.S. Treasury Secretary James Baker, and the implication of this is that the stock market crash has nothing to do with us. After this adjustment was settled, the officials of the Deutsche Bundesbank slowly analyzed the domestic situation in West Germany.

economic situation.

After this information was gradually collected into Sir Gao's hands, Gao Xian's judgment was that the long-term and short-term interest rate strategies of various countries were still being torn apart, which was good and convenient for him.

Arrangements for returning to Xiangjiang have been finalized. We can arrive in Xiangjiang on Monday, October 26th. It will be difficult to explain if we delay it any longer. Returning early will easily make our ears dirty. Choosing this point is a great deal.

…

On Monday, October 26, the Hong Kong stock market, which had attracted much attention due to its four-day suspension, reopened. As a result, the good wishes of stabilizing the situation through the suspension were shattered, and the Hang Seng Index fell out of control.

When Gao Xian's leather shoes touched the ground at the airport, he heard the report that the Hang Seng Index had fallen by more than a thousand points, and that the single-day decline would set a record for global stock markets. It was not a tragedy.

Wen Zhiqiang continued in a low voice: "Ma Sheng asked me to tell you that Xiangjiang Futures Guarantee Company's margin and reserves, added together, may still be insufficient and require rescue."

Gao Xian nodded calmly. He looked at the financial reporters crowded outside the gate and said lightly, "It's time to clean up the mess."