Chapter Five Hundred and Thirty-Three
Chen Qiaoshan was staring at AVIC Oil for the first time, but he did not realize that there were additional opportunities for speculation, but it was not too late to know now.
If you want to hedge risks, the correct operation should be to buy and sell the right, with limited losses, but you can maintain your value, at most you can lose the premium. However, AVIC Oil's approach is to sell the right to buy. Although they are bearish, the latter has limited profits and no upper limit of losses. As oil prices continue to rise, there is obviously no possibility of unwinding.
In overseas securities markets, short selling is a normal market behavior, especially in the United States, non-malicious short selling is regarded as a regulatory measure outside the China Securities Regulatory Commission, and its effect is comparable to class action litigation.
The situation in Singapore is a bit special. Although it is not opposed to short selling, the stock market is small and only adopts a decentralized credit model. So far, no stock options, warrants, and bull and bear warrant transactions have been launched.
Since Singapore lacks special institutions to control the scale of margin trading, Chen Qiaoshan wants to take the AVIC Oilfield and can obtain a large amount of chips from brokers through lending, which avoids the hassle of supervision. As long as there is sufficient margin, you can definitely make a fortune.
Chen Qiaoshan was confident, but Elliot complained, "Buying Air Aviation Oil" is simply a fantasy.
"Chan, do you know any inside information?" After thinking about countless possibilities, Elliot finally figured out a reason. Thinking about it carefully, there is really such a possibility.
When James was the introduction, he was very secretive about Chen Qiaoshan's background. In fact, the real reason was that James was not clear about it. However, according to the industry's practice, young people who can rely on relationships to enter large investment banks are generally either rich or noble, and Chen Qiaoshan obviously meets this standard very well.
Especially the two trips to Yanjing made Elliot more convinced that Chen Qiaoshan must be the child of a red family. At least he has a net worth of billions and doesn’t even have a car when he goes out. His life is so low-key, but he is almost a big gamble when he invests. No matter how he looks at it, he has nothing to do with ordinary people.
Chen Qiaoshan is just wearing a hat for nothing. So far, he doesn't even know why he got the internship opportunity at Goldman Sachs. Although he had speculation in his heart, he could never confirm it.
As for life being low-key, it is due to habits.
Chen Qiaoshan is also a poor man who is a little rich. Apart from buying a car and a house, he really can't think of a place to spend money. So far, he has a lot of assets under his name, but his funds are limited. If you want to buy a courtyard house, you have to make plans, not to mention other large expenses.
Of course, this was also his intentional work.
Chen Qiaoshan lived for two lives and he knew very well what kind of life he wanted.
Nowadays, he is a cultural person at least, and he has to restrain himself. If he is classified as a nouveau riche, he will really make himself a joke.
As for the inside story, Chen Qiaoshan must have known it.
Apart from the senior management of AVIC Oil, Chen Qiaoshan is probably the only person who knows the truth, but these things cannot be put on the surface. He was also a little curious about Elliot's questions, "What's the question like?"
"Apart from insider information, I can't think of any reason to do Air Aviation Oil." Elliot told the truth that as Chen Qiaoshan's financial adviser, he has an obligation to warn of risks.
In the Singapore stock market, AVIC Oil ranked fourth in market value, monopolizing the import channels and product supply of domestic aviation fuel. It is Asia's largest aviation fuel supplier. This overseas listed company with state-owned assets is unwilling to easily provoke old short funds, let alone a young man.
Chen Qiaoshan was a little helpless, and he didn't know how to explain it. After thinking for a long time, he said: "There is no insider trading, which is an investment and short selling. I personally think that the stock price of AVIC is relatively high, and there are too many bubbles in it."
As a senior financial advisor at UBS, Elliot naturally would not believe the reason given by Chen Qiaoshan. If there is a bubble, the stock price will decline, and the global financial sector should not exist at all. Moreover, no matter whether it is speculative or investment short selling, there is essentially no difference, but the latter is passive and the risk is higher.
After hesitating for a while, Elliot confirmed: "Chen, are you sure you want to borrow AVIC Oil's stock?"
Chen Qiaoshan nodded and said seriously: "I'm not kidding. You should contact the brokerage firm as soon as possible to confirm the margin amount and lending interest rate of each company. We will contact us by phone for the specific situation."
"You have to think clearly that AVIC is a heavyweight stock and a high-growth enterprise. Major investment banks should be happy to lend stocks, but the risk in the middle is also extremely high. Short selling is a high-leverage transaction. If your prediction is wrong, it is very likely to be forced to close the position. In the meantime, you must not only focus on AVIC, but also beware of investment banks. If you invest too much, they may also become your opponent..."
Elliot knew Chen Qiaoshan's unspoken personality. Seeing that the other party had made up his mind, he could only remind him of the risks as much as possible.
Chen Qiaoshan was not very worried about these situations. As long as he controlled the leverage ratio, it would be quite difficult to make him lose his position.
After the discussion was made, Chen Qiaoshan returned to the company.
As soon as he sat in the office, Tuo Xiaoxue walked in and said, "Mr. Chen, Qingshan Capital's office area has begun to be renovated. Mr. Liu asked me to tell you that if time is convenient, you'd better go and see it yourself. If there are unsatisfactory areas, it's still time to change them."
"Let's talk about it in a few days, you can help me with something."
Qingshan Capital's office area is upstairs, and Liu Chang has always been responsible for everything. Since she went to Jinhua, the matter has been handed over to Tuo Xiaoxue.
"Collection of information from China AVIC Singapore Branch and give me a briefing." After saying that, Chen Qiaoshan reminded again: "It should be as soon as possible."
Tuo Xiaoxue was a little helpless. She was a professional microelectronics. Now, Chen Qiaoshan really treated her as a financial person. Not to mention giving a briefing, she had never even heard of the name of AVIC Oil. Where can I find information?
Seeing that she had no reply, Chen Qiaoshan looked up at Tuo Xiaoxue and asked, "What, is there any problem?"
Tuo Xiaoxue said with some embarrassment: "I have never given a briefing and I don't know much about AVIC."
Chen Qiaoshan has no temper anymore. This is not good for newcomers. Everything has to be learned from scratch.
However, he is not prepared to change his assistant. He can get into Peking University. Tuo Xiaoxue's IQ must be above the level. He is from Dengzhou. He knows the bottom line. He will definitely be much better than finding an old man.
"It's the Internet era. I don't need to teach you how to write a briefing. As for information, go to the library to search. AVIC is a Chinese stock listed in Singapore and has a great influence in the entire Asian market. If you go to the school's financial foreign journal library to check, you should have more detailed information."
With someone else's job and his salary is not low, Tuo Xiaoxue had to agree. She was about to leave, but was stopped by Chen Qiaoshan, "By the way, National Day is coming soon, you go and book a few tickets to Dengzhou, it will be the 30th night."
Tuo Xiaoxue asked, "How many photos are selected?"
Chen Qiaoshan thought for a while and said, "Ba Zhang, you need a soft sleeper, it is best to have two separate private rooms."
As the National Day was approaching, Chen Qiaoshan had to start preparing. Every one or two days, his family would always call to ask about the situation. Even the old lady was alarmed and he had to pay attention.
Tuo Xiaoxue secretly said that it was really luxurious to just go home and book two soft sleeper rooms. However, thinking about Chen Qiaoshan's wealth, she had nothing to say. It seemed that those who were engaged in finance were different. She couldn't help thinking that maybe it was time to consider Chen Qiaoshan's suggestions.
Chapter completed!