Chapter 393
Vol 3 Chapter 120: Make Up For Free
in the trading department.
Fang Zhongyuan is instructing traders to conduct market operations.
The market is as expected.
Under the super negative situation of the Bank of Thailand’s sharp increase in deposit and loan interest rates, the securities market gapped down sharply as soon as the market opened.
Even if it opened more than 10% lower, it still could not stop the market from continuing to drop.
Therefore, the short-selling contracts held by Jushi Asset Management were closed very smoothly.
It is a short-selling contract to close a position.
Fang Zhongyuan and Robert had also wondered about this issue before.
Why is there an order to close the position when the super bearish market is bound to fall?
But then the two of them understood why.
With the current position size held by Jushi Asset Management, only large-scale short selling can buy SET at a low price to hedge and close the position.
With this super bearishness from the Bank of Thailand, there is bound to be a lot of selling in the market.
In this case, only Jushi Asset Management can buy a sufficient amount of contracts in a huge sell-off.
Otherwise, with the position size of Jushi Asset Management, it has been difficult to get out smoothly in the previous market.
Most importantly, the company’s big strategic goal has never been the Thai baht.
“279 points, buy 5,000 lots of SET500…”
“289 points, buy 3,000 lots of SET100…”
Only close positions, not open positions.
At the close of the morning, 150,000 contracts were traded on the Thailand Composite Index.
Hong Kong, Boulder Capital Headquarters.
Zhao Jiangchuan sat in the office seriously.
Opposite him is Zhang Xiaolei, the executive director of Standard Chartered.
Zhang Xiaolei had a look of fear and nervousness on her face.
She looked at Zhao Jiangchuan as if she was looking at a devil in human skin.
It’s not that Zhao Jiangchuan has any irregular behavior.
Since Zhao Jiangchuan arbitrarily probed into Zhang Xiaolei’s most secret inner thigh a long time ago, and later, Zhao Jiangchuan has not made any overstepping behavior towards Zhang Xiaolei.
But Zhang Xiaolei’s fear of Zhao Jiangchuan was more serious than that.
Even though the two are now separated by a distance of one meter, Zhang Xiaolei still has the urge to run away.
Because Zhao Jiangchuan threw a product design plan to Zhang Xiaolei.
It was that plan that made Zhang Xiaolei feel that the man in front of him was simply a devil.
This is a wealth management product peddled in the name of a bank.
Since the Fed cut interest rates, the Hong Kong Monetary Authority has followed suit with another rate cut.
Currently, the interest rate implemented in Hong Kong has dropped to an annualized 2.8 percent.
If investors buy this wealth management product issued by the bank, they can achieve an annualized rate of return of 13%.
If compared with this rate of return, it is a wealth management product with great investment value.
The name is also nice.
Xinglong One.
The funds purchased for wealth management will be used to invest in emerging market countries around the world.
Including the BRIC countries.
Investors’ income will be paid annually.
If redeemed in the middle, a 2% handling fee will be deducted.
But this is not something that Zhang Xiaolei is afraid of.
The real reason is.
In front of the 13% rate of return, there is a very subtle reminder.
If you can sum it up in one sentence.
It can be interpreted as the theoretical maximum return.
In the bottom of the various rules, you need to have additional legal documents.
The same can be summed up in one sentence.
In line with the principle of voluntary purchase by customers, the risks are borne by the customers themselves.
That’s why Zhang Xiaolei only felt that the guy in front of him was simply a devil in human skin.
She has roughly understood what kind of financial product this is.
The most pitiful thing is that the perfection of this product requires her, the executive director, to perfect all the details.
Zhang Xiaolei held the initial design plan in her hand and clenched her fist secretly.
After a long time, she finally mustered up the courage to speak.
“Boss, will this…”
Before Zhang Xiaolei could finish speaking, Zhao Jiangchuan, who was sitting on the sofa, spoke up.
“Too pit?”
“…”
Zhang Xiaolei didn’t say a word, which was regarded as the default of Zhao Jiangchuan’s statement.
Zhao Jiangchuan didn’t mind either, he got up, took a step, and sat beside Zhang Xiaolei.
This sudden movement made Zhang Xiaolei tremble involuntarily.
Under Zhao Jiangchuan’s long-term wanton arrogance, Zhang Xiaolei was already fearful of this capitalist to the core.
Fortunately.
This time Zhao Jiangchuan was very honest, and that **** didn’t do anything wrong.
Only then did Zhang Xiaolei’s heart rest in her stomach.
However, before Zhang Xiaolei’s heart returned to its original place, she almost jumped out of her throat in fright.
“Xiao Lei, you know, I’ve never been interested in airports, but there’s still a rescue at the airport, do you want me to help you?”
threaten.
Outright threat.
How can the airport be treated, and as a woman, how can I not know.
So Zhang Xiaolei said quickly.
“No, I’ll do it right now.”
“Very well. I hope you can satisfy me.”
Zhang Xiaolei didn’t dare to stay here any longer, she got up in a panic and kept a safe distance from Zhao Jiangchuan.
It was not until a certain safety range was confirmed that he spoke.
“Then…then I’ll go back first.”
After speaking, Zhang Xiaolei didn’t wait for Zhao Jiangchuan to answer, she turned around and ran.
That nervous look made Zhao Jiangchuan almost laugh out loud.
“Hey, you forgot to take your design plan. UU Reading www.uukanshu.com”
Zhang Xiaolei, who had already walked to the door of the office, was suddenly stunned.
After finding that the design plan was still thrown on the previous table, he quickly turned around and ran over.
She didn’t dare to look Zhao Jiangchuan in the eyes, she grabbed the design plan on the table and ran away without saying a word.
“what!”
Outside, Zhang Xiaolei suddenly screamed as soon as she went out.
Nine times out of ten, the high heels twisted their feet because of too much panic.
Zhao Jiangchuan looked innocent.
He wanted to ask Zhang Xiaolei, am I that scary?
“Ring bell bell…”
The office phone rang.
After Zhao Jiangchuan glanced at the number, he pressed the speakerphone.
“Good afternoon, boss. According to your instructions, we closed 50,000 positions in the morning.”
Fifty thousand hands.
According to Thailand’s SET margin, it is 250 million US dollars.
A drop in the bucket.
However, Zhao Jiangchuan also knows that Thailand has done its best.
With the circulation in the Thai market, the largest transaction in one day is hovering at 300,000 contracts.
If it weren’t for the Bank of Thailand’s desperate efforts, it would be a dream to close 50,000 contracts in one morning.
After thinking for a few seconds, Zhao Jiangchuan said.
“The original plan was implemented.”
After hanging up the phone, Zhao Jiangchuan sincerely prayed for Thailand and the people of Thailand.
Because in his memory, the Thai stock market later fell to about 200 points, so that the Thai market could never return to the peak of 1798 after 20 years.
But that’s still the same trajectory.
Now with the participation of Jushi Asset Management, the ghost knows how much the Thai stock market will fall.
I hope the Buddha bless you not to be too miserable this time.
Rice tofu.
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