In Professor Yan's heart, he still attaches great importance to Chen Qiaoshan.

Even though he knew that the student had a net worth of tens of millions, he still felt that Chen Qiaoshan should do academics rather than become a financial person.

Because so far, except for Zhang Peigang, Yang Xiaokai and a few others, China has not yet emerged as an economist with truly international academic influence, and Chen Qiaoshan is undoubtedly extremely potential.

If you are not in the situation, you will never understand the bitterness in it.

If you want to truly align with the international community, you must master the Western economic theory. To put it inappropriately, taking the current financial environment in China, it is like being toddler at the starting line and it is so difficult to catch up.

Not to mention financial chaos such as "fund shady" and "stock market and casino theory", just talking about talent training. In the past few years, almost all domestic economics courses and English textbooks came from Wuhan University.

Thanks to a professor named Zou, the Department of Economics of Wuhan University has almost become the center of piracy for Western economics theory. It took nearly ten years and indirectly trained a large number of new economists. It can be said that it has made indelible contributions to the development of domestic economics.

What Professor Yan didn't know was that because of Chen Qiaoshan's intervention, Vice President Zhang had been sent to Pengcheng, and the dispute between Zhang and Zou had been extinguished in advance. No matter what, Professor Zou would not end up too miserable in the future.

Professor Yan felt it was still necessary to do Chen Qiaoshan's ideological work. There were only two masters and apprentices left in the room. He asked Chen Qiaoshan about his movements during this period, "What are you busy with recently? There is no one in the school, why can't you even dial the phone?"

Chen Qiaoshan didn't know what the old man was looking for him. "I have been in Hong Kong since National Day and just came back a few days ago. If you can't contact me next time, just look for Yan Xiaoqin."

He intended to teach the old man to use computers, but he gave up thinking about it. He was in his sixties, so it was a bit difficult to learn computers, so it would be easier to find an assistant.

"Aren't you doing the Internet? What are you doing in Hong Kong?" Professor Yan is still very concerned about Chen Qiaoshan's movements.

He has learned from people that several companies under Chen Qiaoshan’s name are Internet companies and have nothing to do with finance. Moreover, the industries are concentrated in China. It should not be for the company to go to Hong Kong at this time.

"I am investing in international futures derivatives. The crude oil has fluctuated a lot recently. I am worried that there will be problems in the middle and can only watch it in Hong Kong." Regarding Professor Yan, Chen Qiaoshan has nothing to hide. Even if he explains his position clearly, he doesn't have to worry about it being leaked.

Professor Yan asked: "Aren't you doing the Internet? Why are you starting financial investment again?"

"I am optimistic about the development of the domestic Internet in the next decade, but I will not participate in it personally. No matter which industry it is, it is still a game of capital."

Facing Professor Yan, Chen Qiaoshan said the truth rare.

"Compared with entrepreneurs, I feel that I am more suitable to be an investor. Over the past year, I have withdrawn from the management of several companies and my focus has gradually shifted to the financial market and venture capital sectors."

"Are you talking about Qingshan Capital?" Professor Yan obviously knew it specifically.

Venture capital is indeed niche now, but it is not new to Professor Yan. In fact, venture capital funds began to appear in China more than ten years ago.

Chen Qiaoshan said: "Yes."

"Then where do you come from?" Professor Yan is not an outsider. He knows that most venture capital funds have overseas backgrounds and cannot be done by themselves.

"I made some money in the capital market, and the first phase of funds is enough. As for subsequent investment, it is mainly financial investment. If Qingshan Capital makes certain achievements, it will be relatively easy to raise funds, and it should not be difficult to stick to it."

Professor Yan could see that this student had long-term considerations for career planning, and he was a little disappointed. If he used all his talents in this regard, there would be no room for academics.

Seeing that the old man was silent, Chen Qiaoshan could probably guess what he thought, so he said, "Professor Yan, I have something else to do."

"If you have something to do, who can stop you?" Hearing it, Professor Yan's tone was very uncomfortable.

It is rare to meet a good seedling, but I didn't put my mind on the right path, but I couldn't force others to do so. The old man was also depressed.

Chen Qiaoshan smiled, "Professor Yan, I haven't rested these days in Hong Kong. I'm also sorting out some information in my spare time, which has made me discover some problems."

"Oh?" Professor Yan's face cleared a little. After chatting for a long time, he finally heard some good news. "Tell me, what have you discovered."

Seeing the old man changing his face, Chen Qiaoshan was a little amused. As the saying goes, the old children are almost the same.

After all, he was an elder, so he didn't say it out loud, and then explained: "The financial environment in China and abroad is very different. There are many financial innovations in the West. I am more interested in these. Credit default swaps (CDS) is one of them, and there is also currency swaps. This time I have more free time in Hong Kong, so I have collected some information on this."

If it were placed a few years later, CDS would have become famous all over the world because it was this financial derivative that triggered the subprime mortgage crisis in the United States in 2008.

But nowadays, CDS is indeed a financial innovation, but currency swaps are obviously not like this.

Although it has been more than ten years of birth, until the beginning of this century, transactions were limited to a few countries in Europe and the United States, and it is probably necessary to wait for more than ten years to be introduced into the country.

Chen Qiaoshan knew that not all innovations are beneficial, especially financial innovation, but in this day and age, I'm afraid not many people will agree with his views.

CDS can hedge default risks, which is equivalent to credit insurance. In just a few years, it has become the world's second largest credit derivative and the most important credit relief tool for over-the-counter trading.

But risks are everywhere, and financial tools are just means, and they cannot hide the truth.

It was from this point that Chen Qiaoshan finally figured out some early contexts of Greece's debt crisis.

After Professor Yan retired from the position of Dean of the School of Economics, he led a course on financial derivatives. Since he was only a undergraduate student, he involved not many types, that is, basic financial products. Moreover, he did not conduct empirical finance research, so he knew only about it.

Chen Qiaoshan briefly explained the basic concepts. Professor Yan listened to it, thought for a while, and then asked again: "What did you find?"

Chen Qiaoshan calmed down and said, "Professor Yan, I suspect Greece has concealed the government's fiscal deficit."

Professor Yan was a little hesitant. Those who have studied finance know that fiscal deficits and issuing bonds will not cause inflation, otherwise the United States would have gone bankrupt long ago.

He couldn't understand that even in order to maintain the country's credit, the Greek government should have a better way.

After pondering for a moment, Professor Yan asked again: "How could you study these things?"

Chen Qiaoshan was waiting for this sentence. If nothing unexpected happens, Western scholars will soon reveal the truth about Greece's fiscal deficit.

To put it bluntly, the truth is just a layer of window paper, which is worthless, but there are many clues and loopholes that are not easy to discover.

Chen Qiaoshan has already pierced a lot of window paper, so he naturally doesn't mind adding another thing, "Professor Yan, Greece's fraud happened three years ago."

"Oh?" Professor Yan was also stunned. He understood what this meant.

According to the EU Treaty, member states must keep their fiscal deficits within 3%. In 2001, just before the legalization and full circulation of the euro. The euro faced pressure of depreciation from the first day of its birth. Greece had debt fraud at this time, and the purpose should not be that simple.

If this incident broke out, it would definitely be a scandal. Its influence on European finance would probably not be weaker than breaking the fault of Southern Securities in China.

Professor Yan looked at the student in front of him deeply, and the worries in his eyes became deeper. Chen Qiaoshan was undoubtedly a good seedling, but his mind was a little mixed.
Chapter completed!