Reborn Capital Madman

Chapter 0445 Introduced foreign exchange futures in Hong Kong

Out of concern for the Concorde, Gao Xian returned to Hong Kong from London and chose to transfer on the way, that is, first take a flight to Bahrain in the Middle East, and then either continue the transfer and go to Singapore first, or fly directly to Hong Kong.

As a result, Gao Xian was lucky, and the intermediate steps did not waste much time, and he returned to Xiangjiang almost twice as fast as usual.

"If the maintenance of the Concorde hadn't been so bad, I could have thought of a way to build one as my own private jet or as a business jet for my company." Gao Xian shook his head with emotion, and could only look forward to the Concorde's flight from London, England to the Far East.

Can the route really be operated?

Gao Xian returned to Xiangjiang this time, mainly to deal with the affairs of the Xiangjiang Futures Exchange.

Objectively speaking, the overall operating performance of the Xiangjiang Futures Exchange at this stage cannot be said to be very popular.

The reason is not that the entry threshold of the Heung Kong Futures Exchange is too high. In fact, as long as you are a resident of Heung Kong or a company registered in Heung Kong, you can apply to become a formal member or affiliated member of the Heung Kong Futures Exchange.

In terms of expenses, formal members must purchase one share of the Heung Kong Futures Exchange with a face value of NT$100,000, pay a compensation fund of NT$50,000, and pay a fee of NT$10,000 for the market right that can be directly traded on the Heung Kong Futures Exchange; and

Affiliated members who do not have the right to market only need to pay a membership fee of 5,000 yuan.

All in all, the entry threshold of the Xiangjiang Futures Exchange is lower than that of the four stock exchanges in Xiangjiang.

The reason why the overall performance of the Hong Kong Futures Exchange is slightly mediocre is inseparable from complex environmental factors.

Take gold trading products as an example, Xiangjiang already has a mature gold stock exchange and the local London gold market, so the Xiangjiang Futures Exchange will naturally be ranked lower.

As for the types of cotton trading, cotton merchants and textile manufacturers have no awareness of risk hedging. Although Gao Xian arranged for his subordinates to provide more thoughtful and specialized services, the Xiangjiang textile industry has been affected by the international environment and has shown a declining trend. For example, the boss of Nanfeng Industrial

Chen Tinghua has already prepared his escape plan to engage in real estate.

As for the two trading products of sugar and soybeans, their performance is remarkable, especially the latter, which is very popular among futures traders.

However, Gao Xian is not anxious about this. Anyway, his own group of companies can make good use of the local futures tools provided by the Xiangjiang Futures Exchange to hedge risks, which is enough.

Continuing to adhere to the principle of at least serving his own company, Gao Xian is ready to let the Xiangjiang Futures Exchange launch foreign exchange futures products.

From a self-interested perspective, for example, if the personal computers and electronic game consoles produced by Huanyu Electronics in Gaoxian Industrial Village are shipped to the American market for sale, they can make a foreign exchange swap with Ruixia of the United States to maximize their profits.

Avoid the Hong Kong dollar and the US dollar, which are in a state of free convertibility in this era, causing losses to the two companies due to abnormal exchange rate fluctuations.

In addition, judging from the vigorous development trend of the Hong Kong foreign exchange market since the Hong Kong government relaxed foreign exchange controls, the launch of foreign exchange futures by the Hong Kong Futures Exchange at this time should be regarded as the right time.

Gao Xian was in the office, waiting for Peter Shi, the British vice chairman of the Hong Kong Futures Exchange, while browsing the report data of the Hong Kong Futures Exchange.

It is already October 1977. With two months left, the performance of the Xiangjiang Futures Exchange this year can basically be sketched out.

For example, judging from the trading conditions of various commodity futures on the Xiangjiang Futures Exchange, cotton is expected to reach 10,000 lots; sugar should exceed 1,500 lots; soybeans, which are very favored by some futures traders, are basically certain to exceed 10,000 lots.

Although gold has fierce competition from the Gold Stock Exchange and the local London Gold Market, the trading volume is still very active, with about 15,000 lots.

Gao Xian put down the document and turned his gaze out the window, thinking to himself that it seemed that financial derivatives were still needed to stimulate investors' enthusiasm for the Xiangjiang Futures Exchange.

However, if the Hang Seng Index, which is expected to be the most promising, becomes a futures, it is not up to Gao Xian, who has been raised by Hengsheng Bank for many years.

Perhaps covered warrants are a relatively easy entry point.

At this time, Peter Shi walked in and said hello: "Sir Gao, you seem to have been tanned by the sun during this period."

Gao Xian laughed, "I guess I was running around outside for a long time and didn't pay attention to the protection."

Peter Shi complimented: "However, Sir Gao looks more masculine, and he probably has fascinated many women."

Sorry, it's an old question. There are still a few paragraphs that I haven't finished coding. I'll take a seat first and stay up very late to finish writing the update. It will take about an hour. Otherwise, this chapter will have to be postponed until daytime tomorrow.

In addition, judging from the vigorous development trend of the Hong Kong foreign exchange market since the Hong Kong government relaxed foreign exchange controls, the launch of foreign exchange futures by the Hong Kong Futures Exchange at this time should be regarded as the right time.

Gao Xian was in the office, waiting for Peter Shi, the British vice chairman of the Hong Kong Futures Exchange, while browsing the report data of the Hong Kong Futures Exchange.

It is already October 1977. With two months left, the performance of the Xiangjiang Futures Exchange this year can basically be sketched out.

For example, judging from the trading conditions of various commodity futures on the Xiangjiang Futures Exchange, cotton is expected to reach 10,000 lots; sugar should be able to exceed 1,500 lots; soybeans, which are very favored by some futures traders, are basically certain to exceed 10,000 lots.

Although gold has fierce competition from the Gold Stock Exchange and the local London Gold Market, the trading volume is still very active, with about 15,000 lots.

Gao Xian put down the document and turned his gaze out the window, thinking to himself that it seemed that financial derivatives were still needed to stimulate investors' enthusiasm for the Xiangjiang Futures Exchange.

However, if the Hang Seng Index, which is expected to be the most promising, becomes a futures, it is not up to Gao Xian, who has been raised by Hengsheng Bank for many years.

Perhaps covered warrants are a relatively easy entry point.

At this time, Peter Shi walked in and said hello: "Sir Gao, you seem to have been tanned by the sun during this period."

Gao Xian laughed, "I guess I was running around outside for a long time and didn't pay attention to the protection."

Peter Shi complimented: "However, Sir Gao looks more masculine, and he probably has fascinated many women."

Sorry, it's an old question. There are still a few paragraphs that I haven't finished coding. I'll take a seat first and stay up very late to finish writing the update. I think it will take an hour. Otherwise, this chapter will have to be postponed until daytime tomorrow.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like