James was just a middleman, and he didn't mean to intervene too much. As soon as the lunch ended, he was about to leave.

"Chan, there is a cocktail party tonight, you must attend."

"I have to attend what kind of cocktail party?" Chen Qiaoshan was a little puzzled. He was about to leave, so what cocktail party he still attended.

James smiled and said, "You can't refuse. Mr. Yu specifically told me that you must be there."

Obviously, it should be that Yu Xiaowan's father has arrived in Hong Kong.

Chen Qiaoshan knew in his heart that the cocktail party was definitely not held for him.

He doesn't have that much face. The reason why he received the invitation was more by the way. If he really wanted to express his gratitude, he would be more sincere in the hospitality alone.

Chen Qiaoshan is very self-aware. In the eyes of these people, he is really insignificant, but he did not refuse. Anyway, if he has time, it would be good to see the world.

After all, the other party is a private client of Goldman Sachs. The guests who are invited must be either rich or noble. He also wants to see where the surname Yu came from.

"James, you're so indifferent. I'm right in front of you. I don't know if I'm calling me when I have a drink?" Elliot complained slightly exaggeratedly. Obviously, his personal friendship with James should be very good.

James asked with a smile: "Are you sure you want to participate?"

"Why not?" Elliot shrugged, "Even if you can't attract customers, you can get to know more beauties."

"As long as you are not afraid of being troubled by the compliance department, I will send you an invitation when I turn back." James replied with a smile, and Elliot had to shake his head helplessly. It would be better not to cause trouble for yourself.

Chen Qiaoshan couldn't help laughing. Among the major investment banks, the Investment Banking Department (IBD) and the Investment Banking Trading Department (S&T) are two completely different departments.

Even for the same investment bank, there are strict physical boundaries between IBD and S&T. Even if there is work involvement between each other, communication needs to be approved, otherwise there will be internal control departments causing trouble.

S&T people must not be able to enter the IBD office area. In the internal system, S&T, IBD, and ER cannot communicate directly. Even in order to communicate with customers, there is a record of work communication.

This is also one of the regulatory measures, but its effect is limited.

There are no stupid people who can enter this industry. Even if they want to engage in insider trading, no one will leave any handles.

...

James left first, but Chen Qiaoshan still had to stay. The matter had just begun to talk and it would definitely not be over in a while.

Chen Qiaoshan would not rashly invest money just because UBS is famous.

Deutsche Bank is famous enough that it still caused the famous ex-wife of the famous director Chen Kaige to suffer heavy losses, so she started scolding on Weibo: Deutsche Bank's private wealth management is the most pitiful in the world.

Only those who are cheated know how much Deutsche Bank is.

I don’t know how much money I lost, but it’s definitely inevitable. People need shame. They can make the so-called descendants of famous families come out to curse. I think it’s a big bleeding.

There are countless such things. In 2008, a large number of mainland rich people were killed by the Hong Kong financial industry, and their losses could not be counted. These people were trapped in the accumulated equity warrants launched by private banks.

Among them, the one who suffered the most losses was that of CITIC Pacific's boss Rong, who lost 18.6 billion Hong Kong dollars, and finally lost the management rights of the company. On average, he lost more than 100 million yuan a day. It was a luxury to think about it.

The profit behind the scenes are five or six foreign banks led by Citibank, DBS Bank and Bank of the Netherlands.

There is no moral integrity in the financial market, and it is not distinguished between China and foreign countries.

With the front of the pearls and jade, Chen Qiaoshan could not help but deal with it accidentally, not to mention that his money was borrowed. Once there was a problem, no one would help him with the bottom line. That would be certain.

"Mr. Chen, should I go to my office or find another place?" Elliot asked politely.

He has more than a dozen customers, including the second-generation third-generation young people in Hong Kong and Macao. Chen Qiaoshan is not the one with the most funds, but the youngest one. Especially from the mainland, he is even more concerned.

With the gradual opening of the mainland capital market, all financial people know that the focus of Asian finance will inevitably shift to China.

Not to mention anything else, it is obvious to all senior officials of the US Treasury Department to China one after another. Even if the purpose is not pure, either arguing or putting pressure on it, China's economic status is increasingly strengthening.

Elliot is very clear that the mainland market is the main battlefield of the future, and there will be more and more customers like Chen Qiaoshan.

I have to attend a cocktail party in the evening, and Chen Qiaoshan doesn’t want to make a fuss. “There is a good cafe next door, so let’s go there to sit.”

...

In the Costa Café on Lane Caffe on the third floor of Guojin Center, the two chose a umbrella at the end of the terrace.

Sitting here, you can see the unobstructed Victoria Harbour. Due to the remote location, few people will come here, which is a good place to talk.

"Eliot, you are James' friend. I trust you and don't want you to hide anything from me."

"Chen, please rest assured of this. As a professional financial consultant, I have strict professional ethics."

There is no evidence for the empty talker and white teeth. Chen Qiaoshan will not believe it easily, but time is tight, so he can only go straight to it. "I need to complete the account opening process before the 15th. Can this be done?"

Elliot was a little embarrassed. Within two weeks of conspiracy, time was indeed a little tight. After thinking about it, he asked, "Chen, do you want to be a full-rights entrustment or choose a consultant entrustment?"

The so-called full authority can entrust asset management to financial advisors, to UBS's portfolio management team, or even to a third-party investment manager, who only provides risk warning services for authorized accounts.

"Of course it's full authority." Chen Qiaoshan couldn't stay in Hong Kong all the time, and he had no transaction experience, so he could only find an agent to deal with it.

Elliot smiled and said, "If so, there will be no problem."

UBS accounts do not even require real-name registration. As long as the money is received, no other problem is a problem.

"Chan, what types of investments are you used to and risk preferences, so let me say that we can customize investment plans for you."

"I don't have any preferences, as long as I can make money," Chen Qiaoshan said the truth rarely. Of course, most of the jokes are involved.

Elliot smiled. After all, he was a young man, so that he could meet his expectations. Before he could speak, Chen Qiaoshan said again: "I am going to do futures."

"Futures?" Elliot was a little surprised. Most of the customers' personal financial management business aims to outperform inflation.

No matter which investment portfolio it is, wealth preservation is always the first priority, and high-risk asset allocation must account for the smallest proportion.

Elliot hesitated a little, "Chan, do you mean to only do futures?"

"Yes, international crude oil futures." Chen Qiaoshan directly revealed the bottom, "but only derivatives can be considered for the time being."

Before the crude oil price reached its peak, Chen Qiaoshan did not dare to rush to this muddy water, and he was relatively long.

During the period of violent market fluctuations, even if you already know the historical high, there is a risk of long positions. Of course, taking the opportunity to enter the market and short positions will definitely be sure to win.

Before this, Chen Qiaoshan would not be idle. China AVIC lost billions because of selling call options, so he didn't mind getting a piece of the pie.

Similarly, when knowing the future historical highs, the risk of buying a call option is infinitely close to zero.

Elliot frowned. How could he not understand? Chen Qiaoshan was the rhythm of making heavy bets.

He vaguely knew Chen Qiaoshan's intentions. In today's market, Japan's Mitsui Bank, Societe Generale, Barclays Bank and Singapore Development Bank jointly signed a betting agreement with China AVIC Singapore Branch outside the crude oil futures trading market, worth nearly 2 billion US dollars.

Obviously, Chen Qiaoshan should be making the idea of ​​trading this crude oil option.

Elliot thought in his mind that although Chen Qiaoshan did not have much money, if he entered the market with full leverage, he could still leverage a large order of nearly 60 million US dollars.

Of course, this is just the theoretical value.

Due to the particularity of option trading, especially the international crude oil futures market, it is second only to the foreign exchange market, and the trading volume and performance price are guaranteed.

When buying call options, Chen Qiaoshan can only accompany the principal. If he wins the bet, the theoretical returns can be infinitely amplified.

But Elliott felt crazy when he thought about it.

Since the US military attacked Iraq, oil has soared by nearly 50% in one year. Now OPEC has not expressed its opinion and demand has continued to decline. Bearish is the mainstream of the market. Major investment banks are also looking down on the market. When they enter at this time, they obviously think that they are too much money to burn their hands.

Elliot did not interrupt Chen Qiaoshan, and waited for him to finish his speech before saying: "Chen, this year's crude oil futures continue to fluctuate. IMHO, it is unwise to enter this period."

If it weren't for the violent fluctuations, where would Chen Qiaoshan have the opportunity to make money?

"Don't worry, this money is just used to practice, and it doesn't matter if you lose it all." Chen Qiaoshan has never pretended to be a big-tail wolf like this in his two lives. He even felt that he was a bit too much.

However, seeing Elliot's constipated expression, Chen Qiaoshan suddenly felt a turtle-like energy filling his chest, and everything from the sky to the soles of his feet was comfortable. Even the private yacht in Victoria Harbor was much more pleasing to the eyes. Perhaps it won't take long before Chen Lao Er could become famous in one battle and become a rich generation who can afford luxury yachts.

"This, Mr. Chen, or you think about it again." Elliot felt like he was raving in his heart. At first he was quite grateful to James. After all, he brought in a big customer, but now it seems that this is a financial idiot, and a typical person is stupid and has more money.

If you have money, it doesn't matter if you are willing to pay for it, but he still has to stay in this industry. If the news comes back, who can trust him? Thinking of this, Elliot is one and two big brothers, he regrets it very much. Why don't you ask James clearly?

"No need to think about it." Chen Qiaoshan was full of energy at this moment.

The buyer of an option has the right to exercise or not to exercise the right, and does not have to bear the obligation to perform the contract. The income changes with the fluctuations of the market, at most it will be a loss of premiums. According to his understanding of this period at Goldman Sachs, this transaction alone is conservatively estimated that he can make a profit of nearly 10 million US dollars.

Chen Qiaoshan couldn't help but feel a little sorry. China AVIC Oil lost more than 4 billion yuan in this order. If it weren't for the limited funds, how could these capitalists take advantage?

This is how people engage in finance. Capital is the king, and the dealer is the big deal, and the remaining soup will be shared.

Chen Qiaoshan was not depressed either. There were opportunities in the future. You should know that China Eastern Airlines lost 6.5 billion yuan in crude oil options in 2008.

Of course, Air China is better than miserable. When it comes to the ability to waste money, those big men will always exceed people's imagination.

Chen Qiaoshan said: "Several banks in Hong Kong have taken over large calls sold by AVIC. I know that this transaction was matched by Goldman Sachs. This matter should have spread, right?"

Elliot's face was a little stiff. It was no secret, but no one dared to gamble that the price of oil rose.

I think it is clear that those banks are happy to share risks with others.

"That's true, but Mr. Chen, buying call options has a great risk of losing money."

Chen Qiaoshan was unmoved, "Eliot, I know what I am doing. Don't worry, I will be responsible for the decisions I have made."

Elliot was helpless, and wanted to persuade him but couldn't speak. He couldn't help but feel very upset. He said it to death at the beginning, but now he couldn't even accept the order. If any bad news comes out, it would be a sign-up.

Anyway, he had fulfilled his obligation to inform the risk, even if Chen Qiaoshan could lose his money, the commission would be a cent. After thinking about it, Elliot had to grit his teeth and take over this option economy order that was sure to lose to the end.
Chapter completed!