Reborn Capital Madman

The second update is presented.

Dinner is actually a simple working meal. Gao Xian and Ma Shiheng, chairman of the Xiangjiang Futures Exchange, and exchanged some situations separately. It is considered to be a preparation for the meeting between the Xiangjiang Financial Administration and the Xiangjiang Futures Exchange later. .

Today is the last trading day of the Hang Seng Index Futures series products in October. It has now closed. The market is the basis for tomorrow's final settlement day.

"The HKMA's rescue effect is very significant. In the afternoon, when the index futures market approached the closing, a large number of positions were transferred. "It was similar to Gao Xian, and Ma Shiheng's voice was also a little hoarse because of his busyness. "However, the risk of default is still not good. grasp."

Gao Xian did not blame Ma Shiheng for his poor work because the reality was very complicated. Not to mention Ma Shiheng, Sir Gao had to make some compromises in order to keep moving forward.

Today's Xiangjiang United Exchange was formed through the "Four Associations Mergers". The game process has lasted for more than ten years, and the difficulty of moving forward can be imagined.

The Xiangjiang Futures Exchange founded by Gao Xian seems to be smooth sailing. Indeed, there is no such thing as the "Four Associations Mergers" in power and profit, but it is also full of countless games.

Looking at the current structure of the Xiangjiang Futures Exchange, one or two should be disclosed as simply as possible.

The structure of the Xiangjiang Futures Exchange is roughly divided into three parts, namely the Xiangjiang Futures Exchange, the Xiangjiang Futures Guarantee Company, and the Xiangjiang Futures Settlement Company. Their functions can be guessed only by the name, and the impact of the high string on them. The force weakens in turn.

To put it bluntly, Gao Xian really can't achieve the level of settlement.

The world of financial clearing and settlement has always been deep, and is as small as Switzerland. Why does a country that seems a bit special in the financial world? One reason is that the headquarters of the Bank for International Settlements is in Switzerland. You should know that in terms of the history of the Bank for International Settlements, it is better than the second world. The IMF and the World Bank of the Bretton Woods system are still long.

In Xiangjiang, the financial clearing and settlement industry is also deep, such as the special status of the old overlords first come first served, mutual checks and balances, etc. Without an official central settlement mechanism, Xiangjiang Futures Settlement Company is a typical example, which is also established by Sir Gao. An important key research direction after the Xiangjiang Financial Administration.

The negative impact caused by the current situation of Xiangjiang Futures Settlement Company can be described in an unlikely manner.

The total amount of chicken farts in the two economies A and B is close, but B’s currency can complete a cycle once a year in the economic system, while A’s currency is largely deposited in real estate and zombie enterprises, so that the currency in the economic system The cycle in the process cannot achieve the efficiency of once a year. Who is more proactive in the economy of A and B when dealing with crises?

For the Xiangjiang Futures Exchange, if there is an efficient central settlement mechanism - at least to centralize the trading settlement of futures and stocks into one system, then at least in higher-level predictions, you should take the initiative.

Unfortunately, now, if you can only be if, you can only overcome the difficulties in front of you first, and then use these disadvantages as reasons to discuss other things.

"The Futures Exchange is a company, and it also has the origin of my founding. In front of the outside world, I can only express my opinion, starting from the overall situation, supporting futures guaranteeing a company of one billion, and collecting interest, but in fact, I must do my best to do my best. "The Preservation Period Exchange." Sir Gao slowly encouraged Ma Shiheng.

"In the end, the futures exchange and the Stock Exchange should be merged together to be the best trading structure of the Xiangjiang securities industry. After you deal with the current difficulties, you can establish a larger prestige and serve as more important things.

Position.”

With Sir Gao pointed out the road ahead, Ma Shiheng was naturally excited, "In fact, after tomorrow's final settlement of index futures, those defaulters may be able to recover losses. The futures exchange can still handle debts as if they were dealing with debts.

, conduct negotiations and make some concessions to minimize losses as much as possible, and put pragmatism first."

Gao Xian thought for a while, then nodded, "After tomorrow, you can organize a list of debts as soon as possible, and I'll see if I can put pressure on it."

...

At 7:30 pm, the meeting began. In addition to the Xiangjiang Financial Administration and relevant personnel from the Xiangjiang Futures Exchange, there were also participants invited by Sir Gao, the president of the Xiangjiang Financial Administration, such as the Bank of China.

It is not difficult to understand the mystery behind this after careful consideration. The status and prestige of the world can also be improved in crisis. The human feelings can be said to be indescribable. As the meeting proceeds, they are reflected.

At this time, the work needs to be more efficient, so Sir Gao went straight to the first topic.

The Xiangjiang Futures Exchange will definitely not be able to deal with the default risk of tomorrow's final settlement date of Hang Seng Index Futures on Monday night, October 26, the Xiangjiang Financial Administration urgently issued the

One of the market rescue plans is that the Xiangjiang Foreign Exchange Fund supports Xiangjiang Futures Guarantee Company for 1 billion yuan.

Then, Sir Gao asked Ma Shiheng, the chairman of the Xiangjiang Futures Exchange, to raise money.

The shareholders of Xiangjiang Futures Exchange have major brokers. In the face of crisis, it is impossible for them to stand by and watch. When we get to this level, we should understand that gains and losses are not a city or a pool. The gains and losses at a moment and a moment must be followed.

At this time, we will make a final confirmation, how is this way of raising money?

The representatives of each school are quite sensible.

For example, in terms of shareholders of the Xiangjiang Futures Exchange, Huifeng raised 100 million, Gao Yi raised 100 million, Standard Chartered sold 100 million, London Settlement Company raised 100 million, Chase Bank raised 50 million, etc.; Xiangjiang Futures Trading

The main brokers have raised 500 million yuan.

The money raised by this method finally reached one billion, which is equal to the amount of support from the foreign exchange fund.

Sir Gao was quite satisfied with this and turned to the second agenda, "From the results of the current market rescue operation, the 2 billion support for the futures guarantee company should be almost enough to help deal with tomorrow's default risk, but it still

It's necessary just in case."

"I suggest raising another 2 billion as a reserve fund for the reserve fund, and the foreign exchange fund will pay one billion. I hope that local institutions in Xiangjiang can have greater responsibility!"

Ye Licheng responded without hesitation, "Gao Yi paid 250 million."

The representative of the Bank of China immediately made a statement and also paid 250 million.

Seeing this, Huifeng and Standard Chartered still don’t understand. They have to follow us, and each paid 250 million.

So, in a few words, the 2 billion reserved for the reserved gold was finalized.