Looking back to the third generation, there was no one in the Chen family who ate imperial grain. Among the old relatives, the largest official, was the brother Chen Laoqi, who became the village party secretary. Apart from that, there was no other connection.

Chen Qiaoshan knew that there should be some misunderstandings here, but he did not explain it to James.

Although he only stayed for a few days, he already had a rough understanding of the basic situation of investment banks.

Investment banks are similar to the wealth pyramid, and the top of the food chain will always be those MDs.

MD is a non-management title second only to partners. It originated in the UK. Early London financiers called the highest decision-maker of financial companies Managing and Director.

When New York replaced London as the new world financial center, the MD system was inherited by American investment banks and later went to Asia, where these people were called managing directors.

MD is the ultimate goal of every investment banker, but this is an extremely long process, which can be possible in ten or twenty years, and the elimination rate is not generally high.

Unlike ordinary interns, Chen Qiaoshan is not here.

He originally wanted to take the opportunity to expand his connections and become familiar with the financial environment in Hong Kong. After he arrived, he realized that as an intern analyst at PWM, the only thing he could do was stay in the office and do a job that a basic clerk could do.

Wang Feng is an intern recruited through normal channels. His daily job is to check information, organize information, check information, or do charts, modify charts, and continue to modify charts. As for other tasks, it is not his turn to intervene. Even Gao Yunfei and the Indians are just doing auxiliary work.

James cannot intervene in the hands of MD's customer resources. As for the underlying analysts, they have become migrant financial workers. The reality is far from the treatment of bankers, so it is no wonder that migrant financial workers laugh at themselves.

"How is it, what do James say?"

Seeing Chen Qiaoshan come out of the boss's office, Wang Feng hurriedly asked, as an alumnus and as an intern, he also paid special attention to Chen Qiaoshan's movements.

Chen Qiaoshan looked very relaxed and could not see any other emotions. "Don't worry, I passed the assessment."

Wang Feng was very happy for him, "That's good. When I was in the assessment, I couldn't sleep the night before."

Chen Qiaoshan smiled. Even if he was a financial dog, his development was different in CICC or Goldman Sachs.

A high starting point means more opportunities than others. If you go to CICC for an internship, you can add a bonus to your resume. Before Goldman Sachs, you can still get the final of other multinational banks before the internship assessment. The gap here is obvious.

...

The assessment has been completed, and Chen Qiaoshan’s treatment has also changed a few times.

His work did not increase. On the contrary, James has rarely assigned him work since then.

Although he had to be the assistant of Gao Yunfei and the Indians from time to time, Chen Qiaoshan had more time left, but he did not relax much. In his spare time, he searched valuable information in Goldman Sachs' internal database.

Goldman Sachs has an internal network platform with various information, including financial analysis reports from various industries, and macroeconomic trend judgments.

Taking advantage of this opportunity, Chen Qiaoshan made many discoveries.

No matter how successful a financier is, he may not be able to accurately predict every financial trend.

Macroeconomicians and fortune tellers are actually passed down from generation to generation. The only difference is that one accurate judgment can make economists famous, but in contrast, the accuracy rate in the future will become lower and lower.

This is a fate that no one can escape, but Chen Qiaoshan is obviously an exception.

After looking through a lot of information, Chen Qiaoshan made a new discovery. Goldman Sachs economists made a serious mistake. They were collectively shorting the international crude oil price.

Due to the outbreak of the Iraq War, the international oil prices that had been stable for twenty years finally broke the stability, and the third oil crisis broke out.

Last year, before the United States invaded Iraq, international oil prices hovered around twenty dollars for many years, but as soon as the war began, oil prices quickly exceeded thirty dollars, and never looked back.

Chen Qiaoshan had never done international crude oil futures in his previous life, so he would not care about the specific trend of international oil prices.

But he knew a news story, which was a financial incident that caused a sensation across the country. The Singapore Branch of China AVIC Oil Corporation shorted international oil prices, and crude oil prices soared, resulting in a cumulative loss of 550 million US dollars, nearly 4.6 billion yuan.

When Chen Qiaoshan saw Goldman Sachs' prediction of international oil prices, he immediately remembered the bankruptcy of AVIC Oil.

According to the judgment given by Goldman Sachs analysts, the international situation has become stable. Due to the previous round of economic crisis, Asian crude oil demand has not recovered, and OPEC's ministerial meeting failed to reach any production agreement. This is another negative news. Based on this, international oil prices have a high probability of a sharp decline in the future.

But Chen Qiaoshan knew that in the next two months, international crude oil prices will suddenly rise and soar.

Oil prices are still hovering around thirty dollars, breaking through $40 at the end of August, reaching a historical high of $55.67 on September 5, and then it suddenly plummeted and quickly fell below $40.

It is precisely because of this strange market that AVIC suffered heavy losses and eventually became insolvent and had to go bankrupt.

Chen Qiaoshan still clearly remembers every detail of this news. The chairman of AVIC Oil was also a Peking University alumni and ended up in prison and stayed in Singapore for four years.

Thinking of this, Chen Qiaoshan's heart jumped wildly.

Compared with stocks, funds and other investments, futures are definitely the most risky investment.

For PWM, stock funds can be mortgaged for financing, and the interest rate is extremely low, generally between 1% and 2%, but futures are not listed here.

High risks have high returns. For Chen Qiaoshan, this is undoubtedly an opportunity, a once-in-a-lifetime opportunity.

He is now in Hong Kong and is still a well-deserved Asian financial center. He has the right time and place, so he really can't help but be moved.

Chen Qiaoshan was not in a hurry. He opened the web page and found relevant information.

AVIC is a Singapore-listed aviation fuel supplier and is a Singapore branch of AVIC Group.

After looking at the relevant situation, Chen Qiaoshan couldn't help but sigh.

The total market value of AVIC Oil is less than US$150 million, but it lost US$550 million in this transaction. The risks of futures can be imagined.

What’s even more funny is that just a few days ago, AVIC Oil was just rated as the most transparent listed company in 2004 by the Singapore Stock Exchange.

Who would have thought that such a star company with a deep background would fall into a futures trade and shed all its halo in just two months, and became a famous listed company to a bankrupt company.

Chen Qiaoshan was very confused. Opportunities should not be missed, but the market changed rapidly.

He is just a newcomer in futures. He may not make any money and he has no money left.

Futures not only have market risks and liquidity risks, but more importantly, there are operational risks. Even if the order placing an error or prints a wrong trading order, it can make people lose all their money.

Chen Qiaoshan didn't worry too long. There are two sides to the coins. The risk of futures trading is a little higher, but compared with returns, it's really nothing. If you really have nothing to do with your family, you can't start over from scratch.

He still doesn't believe it. If China AVIC has lost tens of billions of dollars, foreigners can make a big profit, Chen Qiaoshan may not be able to get a share of it.
Chapter completed!