Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 559: Oolong Finger

"Since that's the case, we are not in a hurry, rent a place to live first."

Dai Zhikang had an idea, but he didn't meet Chen Qiaoshan. After all, the two of them were entrepreneurial partners. He believed in each other's character and could still be entrusted with some things. "Dashan, you are familiar with people in Hong Kong. Go back and help buy one more, and calculate the house price and agency fees together with you."

"This is fine, but you have to make your own decisions about the location and price. I'll help you contact me in the center." Chen Qiaoshan didn't mind helping this, but his brothers settled the score clearly, let alone friends, so some things still have to be said in front.

"Okay, Xiaoyu is in Hong Kong, just let her make an idea." Dai Zhikang didn't take it seriously. His career is in Yanjing, so it is impossible to live in Hong Kong for a long time. Buying a house is more about investment, and there is not much attention. Thinking of the purpose of this visit, he said again: "Dashan, Xiaoyu is looking for an office location. The agency has provided several office buildings. Do you want to go and take a look and help give your opinions?"

Since we decided to fade out of management, there is no need to make trouble, let alone interfere in the affairs of the branch, which is not to mention that it is disgusting, and there are many disadvantages. It would be fine if it were others. In front of Xu Xiaoyu, Chen Qiaoshan would not join in the fun.

Now that the Hong Kong property market is in a downturn, the Hong Kong branch does not involve research and development, I think Xu Xiaoyu will not be too outrageous. As long as you set a complete quantitative performance assessment and do necessary audits, there will be no big trouble.

Chen Qiaoshan said: "I won't read it anymore, just let Miss Xiaoyu make the decision. I have said a long time ago that I will not participate in Kangsheng's operation in the future. If the branch has any questions, I don't need to ask my opinion."

After hearing this answer, Xu Xiaoyu breathed a sigh of relief. Chen Qiaoshan seemed to be really not planning to continue to interfere in the company. In this way, she undoubtedly lost many concerns.

…………

When I saw Chen Qiaoshan again, Elliot's smile could not be hidden, "Chen, you finally came to Hong Kong. I couldn't sleep all night because I miss you."

As he said that, in full view of everyone, Elliot wanted to give him a warm hug, but unfortunately, Chen Qiaoshan refused mercilessly. Just kidding, there were not many men in the investment bank, especially these foreigners, who did not want people to misunderstand.

Chen Qiaoshan knew Elliot's thoughts. As a private financial advisor, this option transaction can also receive a large bonus commission in addition to a fixed commission. This part of the income alone is enough to offset Elliot's annual salary.

The financial industry is very realistic. Only with performance can there be customers. This is the only truth.

This option transaction is conservatively estimated to have a yield of more than five times, which is definitely more exciting than the bonus. This is also the fundamental reason why Elliot has been constantly persuading Chen Qiaoshan to exercise his rights during this period. After all, no one can say the market. It is money to get it, otherwise it is just a few pieces of paper.

Last year, the new female stock god in Hong Kong invested more than 10 million US dollars in B shares and H shares, with a yield of 100%, setting a huge name and gaining the reputation of a female version of Buffett. However, in comparison, it is not even as much as Chen Qiaoshan earned. It can be imagined that once the transaction is successful, Eliot, as the financial advisor and actual dealer, will definitely be famous in Xiangjiang.

Chen Qiaoshan would not care about this. Money is the hard currency. He didn't mind letting Elliot take away his reputation. He said, "Don't be busy and happy. Have you contacted Sumitomo Mitsui? They won't be able to lose money, right?"

"How is it possible? With UBS endorsement, the Japanese dare not use tricks." Elliot was quite disdainful, "Boss, you can rest assured that as long as you get your signature and authorization, the funds will be received within three days."

Elliot was also a little happy. When he was negotiating a contract with Mitsui Bank, the group of people were very arrogant and almost treated him as a sucker. Now, the reality gave them a loud slap. Perhaps now, the guy who sold this option might have been opened long ago.

Chen Qiaoshan nodded, there is no need to doubt this. After all, he is backed by UBS. Even if the Japanese guys spit out all the money he earned from AVIC, he can only admit his compensation, "By the way, are you a trader I want?"

Elliot hesitated for a moment, "Chen, UBS is the most professional private investment bank in Hong Kong. Whether it is stocks, futures, bonds or bulk brokerage business, we can provide related services. There is no need to find additional traders."

Chen Qiaoshan knew the other party’s concerns, and was nothing more than fear that he would find another way. He put more than 10 million US dollars in cash in his pocket, and even Goldman Sachs IMD’s door could still be knocked open.

"Don't worry, I don't have any other ideas." Chen Qiaoshan was hesitant to tell the subsequent investment. After thinking about it, he said: "Eliot, except for deducting those trust funds, the rest of this income will be placed on the account and invested again. You can rest assured."

Elliot was very surprised. UBS has many high net worth customers, but Chen Qiaoshan is definitely the fastest-growing asset. Such customers must not be let go. In order to keep people, even relaxing conditions is feasible. In the Qingshan Forum transaction, UBS only received one million US dollars from Yan Xiaoqin, and only passed the formalities. He quickly transferred to the account of Yanjing Branch, which did not disappoint him this time.

"Chen, I will help you contact the most professional investment research team immediately. Also, what kind of trader do you need?"

Traders are also divided into categories. Not a single trader can handle all transactions, stocks, futures, bonds, options... There are as many types of traders as there are. The same crude oil futures market, a large order is built or closed, and ten people have ten results. How to stabilize the position or closed position to maximize profits is not only about trading experience and vision, but also psychological quality and professional spirit.

In 1998, UBS sold 100,000 futures contracts on the French derivatives exchange, but lost millions of dollars. Later, the audit found that this was a mistake. The reason was very helpless. It was just that the trader accidentally touched the shortcut key on the keyboard to quickly sell it.

This is an execution error. There is a professional term called Wulongzhi. There are many similar cases in the financial industry.

In 2005, Japan's Mizuho Securities sold a large number of short orders in a stock due to a misunderstanding, directly hitting the stock price to the limit, which caused panic in the market and a large number of retail investors followed suit and sold.

The strange market cannot be hidden from everyone. Some institutions speculated that it should be a miserable sign, so they bought it. The result was very sad. Ruisui found that something went wrong and the transaction could not be withdrawn. In order to reduce losses, he had to buy back a large amount. Although he snatched back most of the sell orders, he eventually lost 40 billion yen.

Even if the yen was not valuable, at that time, 40 billion was converted into RMB and 2.6 billion. This incident also triggered a lawsuit that lasted for ten years, with a great impact.

According to the final investigation, UBS, Morgan Stanley, Lehman, Credit Suisse and Nomura Securities became the biggest beneficiaries of the Mizuho Oolong Index, earning more than 100 million US dollars. Although they were accused of immorality, morality has no place to survive in the capital market, and chasing profits is the fundamental thing.

There are such things abroad and many in China. The most famous one is Everbright Oolong Finger.

On August 16, 2013, Everbright Securities made a missed index, causing 59 heavyweight stocks to hit the daily limit instantly. Among them, there were domestic petrochemical two-strong stock. The Shanghai Composite Index suddenly soared by 100 points, and the ending was very heavy. Everbright Securities suffered direct economic losses of nearly 200 million yuan, and its market value evaporated by 20% within a week. It also received a fine of 500 million yuan, with a cumulative loss of more than 8 billion yuan.

The lesson was painful. Chen Qiaoshan knew very well that he did not have the ability to trade in person, so he could only find a qualified trader. After all, it was a contract worth tens of millions of dollars. If he came back with a missed point, he would lose a lot.

"Eliot, I want two traders who are familiar with crude oil futures. Remember, if you want a senior trader, you also need a risk control. Money is not a problem. You can openly discuss commissions, but the personnel must be reliable."

"Crude oil futures?" The surprise on Elliot's face flashed.

Betting on options is enough to be worried. Chen Qiaoshan is now going to do crude oil futures again. Elliot is a bit guilty. This person is too aggressive.

UBS is a risk-averse bank, especially its private asset management department, which has banned most of the high-risk businesses. Although it provides various asset allocations, it is carried out on the premise of ensuring the safety of customer funds, and the proportion of medium and high risks is controlled very low.
Chapter completed!
Prev Index    Favorite Next