Chapter 753
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As its name derives from one of Charles bludorn's personality characteristics, bludorn company does not care what to do according to the plan promoted by Sir Gao. Just do what you want, not affected by the noise.
The ancient business of sugar, like the salt business, is close to people's daily life almost every day; At the same time, in the direction of market development, "patterns" are more, not limited to food; Moreover, sugar is also a commodity that can be traded on the futures market.
Therefore, there is still a lot of room for operation. Once there is a chance to get a considerable amount of participation, Gao Xian will not let go.
As a small episode in the layout of bludorn company, Gao Xian had an in-depth chat with Ma Shiheng alone, fulfilled his previous commitment and let him return to Xiangjiang and become the chairman of Xiangjiang futures exchange.
Ma Shiheng returned triumphantly. In the past two years, he not only trained himself, but also did a lot of things for Sir Gao, the boss of the Gulf western industrial company. Gao Xian was very satisfied with this. Therefore, in addition to the position agreed in advance, the chairman of Xiangjiang futures exchange, he also asked him to hang a director of bludorn company.
Salary and status, no one should dislike too much. Sir Gao has never treated his subordinates badly.
"The four stock exchanges in Xiangjiang, together with our futures exchange, are unified and the general trend is to further promote the construction of Xiangjiang's status as an international financial center, so as to meet our interests and ideal demands. We are happy to see its achievements." Gao Xian said earnestly: "However, people's greed and greed in the capital market have been magnified countless times. Many things were thought well at first, but in practice, they often took shape and changed."
"Therefore, we need to ensure our influence, so as not to be destroyed by the impact of risk."
Ma Shiheng nodded with understanding. "After I serve as chairman of the stock exchange, I will learn from the successful experience of sugar futures, further strengthen efforts and introduce the perfect mechanism here."
At this stage, the trading varieties of Xiangjiang futures exchange are very complete, but not every variety has been successful.
For example, because Xiangjiang already has two good gold markets, namely the gold and silver trading field and the local London gold market, the gold futures of Xiangjiang futures exchange have been fresh for a while.
For another example, cotton futures in Xiangjiang futures exchange are also going downhill due to the declining textile industry in Xiangjiang.
These situations belong to the general trend, but Gao Xian is also trying to make up for them. One of the ways is to rely on the mainland, where enterprises also have to do international trade, which is inseparable from risk hedging. Providing such financial services can not only ensure the trading volume of Xiangjiang futures exchange, but also help its operation, which can be regarded as the best of both worlds.
Of course, the Xiangjiang futures exchange certainly has successful futures varieties, which are represented by soybean futures and raw sugar futures, with an annual trading volume of about 800000 and 400000 hands, including 30000 kg of soybean futures and 112000 pounds of raw sugar futures.
However, compared with raw sugar futures, the active trading of soybean futures mainly benefits from the support of a futures trader. The reason is that people's economic strength and market demand are there, and Xiangjiang's freer trading environment has irreplaceable advantages at this stage.
It is undeniable that a futures trader's focus on this point is also the main selling point of Xiangjiang futures exchange. This year, no less than ten Xiangjiang local banks and foreign banks have made formal communication with Gao Xian on the development of financial index futures such as interest rate, currency and stock market index futures.
Gao Xian means that we should form a financial futures committee to promote this matter, especially with the support of the Hong Kong government. This is also a very important work after Ma Shiheng returns to serve as chairman of the Xiangjiang futures exchange.
However, although the financial index futures play very well, it is also prone to major trading risks, which has ruined the Xiangjiang futures exchange.
Why did Gao Xian and Ma Shiheng emphasize to ensure their influence and improve the mechanism of Xiangjiang futures exchange is to prevent Xiangjiang futures exchange from falling into the pit.
However, there is one thing. How to balance the attractive degree of freedom and the operation mechanism to ensure that it will not be damaged is quite a test of wisdom. One of the feasible solutions is to learn from the successful experience of the pioneers, so that others can't find major problems, and occasionally relax the operation mechanism to attract speculators.
Ma Shiheng pondered: "it seems that everyone is looking forward to hang seng index futures."
"After all, Xiangjiang stock market is well-known." Gao Xian poured red wine to Ma Shiheng, who was slightly bowed. "You can also take a look. It is possible for the Hong Kong dollar foreign exchange index to become a trading variety of the futures exchange. It is not mandatory, but you should do enough."
Seeing Ma Shiheng's puzzled face, Gao Xian smiled and added: "there are many things involved. If I can put more pressure on the Hong Kong government, I have achieved my goal."
The Hong Kong dollar foreign exchange index compiled by Gao Yi for many years is based on the economies with bilateral trade relations with Xiangjiang and their proportion in world trade. The top 15 are selected and the weight proportion is calculated through the exchange rate between their currencies and the Hong Kong dollar.
It is not difficult to see that the Hong Kong dollar foreign exchange index reflects the value of the Hong Kong dollar in the international foreign exchange market. In recent years, with the obvious weakness of the Hong Kong dollar, the Hong Kong dollar foreign exchange index is also declining.
If the Hong Kong dollar foreign exchange index wants to become a trading variety of the Xiangjiang futures exchange, it is not simple. At least it needs the support of the Hong Kong government. In fact, it has always been stuck at this level.
Gao Xian did not expect any breakthrough in this matter, but it is enough as long as he can put more pressure on the Hong Kong government to help him improve his influence on Xiangjiang's monetary policy.
After Ma Shiheng really understood this meaning, he promised: "I understand. We have an easy-going attitude in our hearts, and on the surface, we should show our enthusiasm for falling in love."
"It's a vivid metaphor. Most of the time, the Hong Kong government only listens to the words of the powerful faction with thicker arms than ours, which can arouse their interest and use their strength. It's better." Gao Xian was amused. "By the way, remember to urge the shareholders of Xiangjiang futures guarantee company to increase the registered capital of Xiangjiang Futures Guarantee Company."
Xiangjiang Futures Guarantee Co., Ltd. is a company that provides guarantee for the settlement of Xiangjiang futures exchange. It has many shareholders, reflecting the mystery that big business cannot be done without strong contacts. Among them, British funded London International Commodity clearing house accounts for 20%, Huifeng bank accounts for 20%, Standard Chartered bank accounts for 15% and Barclays Bank accounts for 10%; US funded Chase Bank accounted for 15% of the shares, and French funded credit Lyon bank accounted for 10%; Sir Gao's Gaoyi bank and favorable bank accounted for 10% of the shares.
Although the shareholders of Xiangjiang Futures Guarantee Company are extraordinary, now the registered capital of Xiangjiang Futures Guarantee Company is only HK $10 million, which is the characteristic of a special period. Fortunately, with Gao Xian's leadership, there has been no major event in Xiangjiang futures exchange in recent years. Xiangjiang Futures Guarantee Company more reflects the significance of joint guarantee by capital leaders.
But Xiangjiang futures exchange has been thriving for some years. It's time to be "regular". Gao Xian gave Ma Shiheng an easy opportunity to make achievements. First, Xiangjiang futures guaranteed that the registered capital of the company would double to HK $20 million. Similarly, the number is not important. The attitude of capital leaders is the most important.
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As its name derives from one of Charles bludorn's personality characteristics, bludorn company does not care what to do according to the plan promoted by Sir Gao. Just do what you want, not affected by the noise.
The ancient business of sugar, like the salt business, is close to people's daily life almost every day; At the same time, in the direction of market development, "patterns" are more, not limited to food; Moreover, sugar is also a commodity that can be traded on the futures market.
Therefore, there is still a lot of room for operation. Once there is a chance to get a considerable amount of participation, Gao Xian will not let go.
As a small episode in the layout of bludorn company, Gao Xian had an in-depth chat with Ma Shiheng alone, fulfilled his previous commitment and let him return to Xiangjiang and become the chairman of Xiangjiang futures exchange.
Ma Shiheng returned triumphantly. In the past two years, he not only trained himself, but also did a lot of things for Sir Gao, the boss of the Gulf western industrial company. Gao Xian was very satisfied with this. Therefore, in addition to the position agreed in advance, the chairman of Xiangjiang futures exchange, he also asked him to hang a director of bludorn company.
Salary and status, no one should dislike too much. Sir Gao has never treated his subordinates badly.
"The four stock exchanges in Xiangjiang, together with our futures exchange, are unified and the general trend is to further promote the construction of Xiangjiang's status as an international financial center, so as to meet our interests and ideal demands. We are happy to see its achievements." Gao Xian said earnestly: "However, people's greed and greed in the capital market have been magnified countless times. Many things were thought well at first, but in practice, they often took shape and changed."
"Therefore, we need to ensure our influence, so as not to be destroyed by the impact of risk."
Ma Shiheng nodded with understanding. "After I serve as chairman of the stock exchange, I will learn from the successful experience of sugar futures, further strengthen efforts and introduce the perfect mechanism here."
At this stage, the trading varieties of Xiangjiang futures exchange are very complete, but not every variety has been successful.
For example, because Xiangjiang already has two good gold markets, namely the gold and silver trading field and the local London gold market, the gold futures of Xiangjiang futures exchange have been fresh for a while.
For another example, cotton futures in Xiangjiang futures exchange are also going downhill due to the declining textile industry in Xiangjiang.
These situations belong to the general trend, but Gao Xian is also trying to make up for them. One of the ways is to rely on the mainland, where enterprises also have to do international trade, which is inseparable from risk hedging. Providing such financial services can not only ensure the trading volume of Xiangjiang futures exchange, but also help its operation, which can be regarded as the best of both worlds.
Of course, the Xiangjiang futures exchange certainly has successful futures varieties, which are represented by soybean futures and raw sugar futures, with an annual trading volume of about 800000 and 400000 hands, including 30000 kg of soybean futures and 112000 pounds of raw sugar futures.
However, compared with raw sugar futures, the active trading of soybean futures mainly benefits from the support of a futures trader. The reason is that people's economic strength and market demand are there, and Xiangjiang's freer trading environment has irreplaceable advantages at this stage.
It is undeniable that a futures trader's focus on this point is also the main selling point of Xiangjiang futures exchange. This year, no less than ten Xiangjiang local banks and foreign banks have made formal communication with Gao Xian on the development of financial index futures such as interest rate, currency and stock market index futures.
Gao Xian means that we should form a financial futures committee to promote this matter, especially with the support of the Hong Kong government. This is also a very important work after Ma Shiheng returns to serve as chairman of the Xiangjiang futures exchange.
However, although the financial index futures play very well, it is also prone to major trading risks, which has ruined the Xiangjiang futures exchange.
Why did Gao Xian and Ma Shiheng emphasize to ensure their influence and improve the mechanism of Xiangjiang futures exchange is to prevent Xiangjiang futures exchange from falling into the pit.
However, there is one thing. How to balance the attractive degree of freedom and the operation mechanism to ensure that it will not be damaged is quite a test of wisdom. One of the feasible solutions is to learn from the successful experience of the pioneers, so that others can't find major problems, and occasionally relax the operation mechanism to attract speculators.
Ma Shiheng pondered: "it seems that everyone is looking forward to hang seng index futures."
"After all, Xiangjiang stock market is well-known." Gao Xian poured red wine to Ma Shiheng, who was slightly bowed. "You can also take a look. It is possible for the Hong Kong dollar foreign exchange index to become a trading variety of the futures exchange. It is not mandatory, but you should do enough."
Seeing Ma Shiheng's puzzled face, Gao Xian smiled and added: "there are many things involved. If I can put more pressure on the Hong Kong government, I have achieved my goal."
The Hong Kong dollar foreign exchange index compiled by Gao Yi for many years is based on the economies with bilateral trade relations with Xiangjiang and their proportion in world trade. The top 15 are selected and the weight proportion is calculated through the exchange rate between their currencies and the Hong Kong dollar.
It is not difficult to see that the Hong Kong dollar foreign exchange index reflects the value of the Hong Kong dollar in the international foreign exchange market. In recent years, with the obvious weakness of the Hong Kong dollar, the Hong Kong dollar foreign exchange index is also declining.
If the Hong Kong dollar foreign exchange index wants to become a trading variety of the Xiangjiang futures exchange, it is not simple. At least it needs the support of the Hong Kong government. In fact, it has always been stuck at this level.
Gao Xian did not expect any breakthrough in this matter, but it is enough as long as he can put more pressure on the Hong Kong government to help him improve his influence on Xiangjiang's monetary policy.
After Ma Shiheng really understood this meaning, he promised: "I understand. We have an easy-going attitude in our hearts, and on the surface, we should show our enthusiasm for falling in love."
"It's a vivid metaphor. Most of the time, the Hong Kong government only listens to the words of the powerful faction with thicker arms than ours, which can arouse their interest and use their strength. It's better." Gao Xian was amused. "By the way, remember to urge the shareholders of Xiangjiang futures guarantee company to increase the registered capital of Xiangjiang Futures Guarantee Company."
Xiangjiang Futures Guarantee Co., Ltd. is a company that provides guarantee for the settlement of Xiangjiang futures exchange. It has many shareholders, reflecting the mystery that big business cannot be done without strong contacts. Among them, British funded London International Commodity clearing house accounts for 20%, Huifeng bank accounts for 20%, Standard Chartered bank accounts for 15% and Barclays Bank accounts for 10%; US funded Chase Bank accounted for 15% of the shares, and French funded credit Lyon bank accounted for 10%; Sir Gao's Gaoyi bank and favorable bank accounted for 10% of the shares.
Although the shareholders of Xiangjiang Futures Guarantee Company are extraordinary, now the registered capital of Xiangjiang Futures Guarantee Company is only HK $10 million, which is the characteristic of a special period. Fortunately, with Gao Xian's leadership, there has been no major event in Xiangjiang futures exchange in recent years. Xiangjiang Futures Guarantee Company more reflects the significance of joint guarantee by capital leaders.
But Xiangjiang futures exchange has been thriving for some years. It's time to be "regular". Gao Xian gave Ma Shiheng an easy opportunity to make achievements. First, Xiangjiang futures guaranteed that the registered capital of the company would double to HK $20 million. Similarly, the number is not important. The attitude of capital leaders is the most important.
As its name derives from one of Charles bludorn's personality characteristics, bludorn company does not care what to do according to the plan promoted by Sir Gao. Just do what you want, not affected by the noise.The ancient business of sugar, like the salt business, is close to people's daily life almost every day; At the same time, in the direction of market development, "patterns" are more, not limited to food; Moreover, sugar is also a commodity that can be traded on the futures market.Therefore, there is still a lot of room for operation. Once there is a chance to get a considerable amount of participation, Gao Xian will not let go.As a small episode in the layout of bludorn company, Gao Xian had an in-depth chat with Ma Shiheng alone, fulfilled his previous commitment and let him return to Xiangjiang and become the chairman of Xiangjiang futures exchange.Ma Shiheng returned triumphantly. In the past two years, he not only trained himself, but also did a lot of things for Sir Gao, the boss of the Gulf western industrial company. Gao Xian was very satisfied with this. Therefore, in addition to the position agreed in advance, the chairman of Xiangjiang futures exchange, he also asked him to hang a director of bludorn company.Salary and status, no one should dislike too much. Sir Gao has never treated his subordinates badly."The four stock exchanges in Xiangjiang, together with our futures exchange, are unified and the general trend is to further promote the construction of Xiangjiang's status as an international financial center, so as to meet our interests and ideal demands. We are happy to see its achievements." Gao Xian said earnestly: "However, people's greed and greed in the capital market have been magnified countless times. Many things were thought well at first, but in practice, they often took shape and changed.""Therefore, we need to ensure our influence, so as not to be destroyed by the impact of risk."Ma Shiheng nodded with understanding. "After I serve as chairman of the stock exchange, I will learn from the successful experience of sugar futures, further strengthen efforts and introduce the perfect mechanism here."At this stage, the trading varieties of Xiangjiang futures exchange are very complete, but not every variety has been successful.For example, because Xiangjiang already has two good gold markets, namely the gold and silver trading field and the local London gold market, the gold futures of Xiangjiang futures exchange have been fresh for a while.For another example, cotton futures in Xiangjiang futures exchange are also going downhill due to the declining textile industry in Xiangjiang.These situations belong to the general trend, but Gao Xian is also trying to make up for them. One of the ways is to rely on the mainland, where enterprises also have to do international trade, which is inseparable from risk hedging. Providing such financial services can not only ensure the trading volume of Xiangjiang futures exchange, but also help its operation, which can be regarded as the best of both worlds.Of course, the Xiangjiang futures exchange certainly has successful futures varieties, which are represented by soybean futures and raw sugar futures, with an annual trading volume of about 800000 and 400000 hands, including 30000 kg of soybean futures and 112000 pounds of raw sugar futures.However, compared with raw sugar futures, the active trading of soybean futures mainly benefits from the support of a futures trader. The reason is that people's economic strength and market demand are there, and Xiangjiang's freer trading environment has irreplaceable advantages at this stage.It is undeniable that a futures trader's focus on this point is also the main selling point of Xiangjiang futures exchange. This year, no less than ten Xiangjiang local banks and foreign banks have made formal communication with Gao Xian on the development of financial index futures such as interest rate, currency and stock market index futures.Gao Xian means that we should form a financial futures committee to promote this matter, especially with the support of the Hong Kong government. This is also a very important work after Ma Shiheng returns to serve as chairman of the Xiangjiang futures exchange.However, although the financial index futures play very well, it is also prone to major trading risks, which has ruined the Xiangjiang futures exchange.Why did Gao Xian and Ma Shiheng emphasize to ensure their influence and improve the mechanism of Xiangjiang futures exchange is to prevent Xiangjiang futures exchange from falling into the pit.However, there is one thing. How to balance the attractive degree of freedom and the operation mechanism to ensure that it will not be damaged is quite a test of wisdom. One of the feasible solutions is to learn from the successful experience of the pioneers, so that others can't find major problems, and occasionally relax the operation mechanism to attract speculators.Ma Shiheng pondered: "it seems that everyone is looking forward to hang seng index futures.""After all, Xiangjiang stock market is well-known." Gao Xian poured red wine to Ma Shiheng, who was slightly bowed. "You can also take a look. It is possible for the Hong Kong dollar foreign exchange index to become a trading variety of the futures exchange. It is not mandatory, but you should do enough."Seeing Ma Shiheng's puzzled face, Gao Xian smiled and added: "there are many things involved. If I can put more pressure on the Hong Kong government, I have achieved my goal."The Hong Kong dollar foreign exchange index compiled by Gao Yi for many years is based on the economies with bilateral trade relations with Xiangjiang and their proportion in world trade. The top 15 are selected and the weight proportion is calculated through the exchange rate between their currencies and the Hong Kong dollar.It is not difficult to see that the Hong Kong dollar foreign exchange index reflects the value of the Hong Kong dollar in the international foreign exchange market. In recent years, with the obvious weakness of the Hong Kong dollar, the Hong Kong dollar foreign exchange index is also declining.If the Hong Kong dollar foreign exchange index wants to become a trading variety of the Xiangjiang futures exchange, it is not simple. At least it needs the support of the Hong Kong government. In fact, it has always been stuck at this level.Gao Xian did not expect any breakthrough in this matter, but it is enough as long as he can put more pressure on the Hong Kong government to help him improve his influence on Xiangjiang's monetary policy.After Ma Shiheng really understood this meaning, he promised: "I understand. We have an easy-going attitude in our hearts, and on the surface, we should show our enthusiasm for falling in love.""It's a vivid metaphor. Most of the time, the Hong Kong government only listens to the words of the powerful faction with thicker arms than ours, which can arouse their interest and use their strength. It's better." Gao Xian was amused. "By the way, remember to urge the shareholders of Xiangjiang futures guarantee company to increase the registered capital of Xiangjiang Futures Guarantee Company."Xiangjiang Futures Guarantee Co., Ltd. is a company that provides guarantee for the settlement of Xiangjiang futures exchange. It has many shareholders, reflecting the mystery that big business cannot be done without strong contacts. Among them, British funded London International Commodity clearing house accounts for 20%, Huifeng bank accounts for 20%, Standard Chartered bank accounts for 15% and Barclays Bank accounts for 10%; US funded Chase Bank accounted for 15% of the shares, and French funded credit Lyon bank accounted for 10%; Sir Gao's Gaoyi bank and favorable bank accounted for 10% of the shares.Although the shareholders of Xiangjiang Futures Guarantee Company are extraordinary, now the registered capital of Xiangjiang Futures Guarantee Company is only HK $10 million, which is the characteristic of a special period. Fortunately, with Gao Xian's leadership, there has been no major event in Xiangjiang futures exchange in recent years. Xiangjiang Futures Guarantee Company more reflects the significance of joint guarantee by capital leaders.But Xiangjiang futures exchange has been thriving for some years. It's time to be "regular". Gao Xian gave Ma Shiheng an easy opportunity to make achievements. First, Xiangjiang futures guaranteed that the registered capital of the company would double to HK $20 million. Similarly, the number is not important. The attitude of capital leaders is the most important.
