At the Jiagu headquarters, everything is busy and orderly.

The interior decoration style of Jiagu is completely different from the style of ordinary domestic enterprises, which is simple and full of human touch. In the individual work areas, the employees maintain a moderate level of tension in a relaxed atmosphere.

Until he was brought to Qi Zheng, Chen Jianping was still a little confused, so he joined Jiagu?

Facing Qi Zheng, who was said to be the general in person, Chen Jianping blurted out the question he had been holding back: "Why is Mr. Qi so optimistic about me?"

Qi Zheng smiled: "Probably because, I saw your potential!"

Chen Jianping looked confused.

Qi Zheng said with a smile: "I know that you predicted the price of sugar in the coming year in British Sugar, although it is inconsistent with the public forecast, but I think you are right." ”

Chen Jianping, who lacked confidence, was recognized by Boss Qi, and his eyes lit up instantly, not to mention "the death of a confidant", but he did have a sense of gratitude.

After Qi Zheng encouraged Chen Jianping again, he asked people to take him to the Financial Risk Department.

Looking at Chen Jianping's back, a smile appeared on the corner of Qi Zheng's mouth.

In my memory, Chen Jianping's name really became loud in the circle because he accurately predicted the price of sugar in British Sugar this time.

The actual exact output of sugarcane in Gui province was revealed in May of the following year, and it ended up at 7.64 million tonnes – not far from Chen Jianping's forecast.

After becoming famous in World War I, the national grain extended an olive branch to him. Subsequently, he made a name for himself in the sugar futures market.

The reason why Qi Zheng has heard of his deeds is because in his previous life, he had a friend Tou Tie who wanted to change his career to futures, so take Chen Jianping's deeds as an example - on the counterattack of laymen in the futures market!

In any case, Chen Jianping's talent in white sugar futures is obvious, and he is also the best talent that Qi Zheng can find in China to meet the needs of Jiagu's white sugar futures business.

......

In the financial risk area on the third floor of the office building on the west side of Jiagu's headquarters, Zhou Mi took Chen Jianping to learn about Jiagu's soybean futures risk department.

Zhou Mi was very curious about Chen Jianping, and he didn't look like a brilliant person, and he also admitted that he had no experience in futures trading.

But think about the eyes of **oss, known as "discerning eyes", and dare not underestimate Chen Jianping, probably there are some advantages that he hasn't noticed, right?

Because Chen Jianping is likely to be responsible for the establishment of the sugar futures risk department, Zhou Mi introduced the soybean futures risk department to him in detail.

"In the past, it was a common way for soybean spot companies to go long on dips, and this business model continued until 2004, when it suffered a major setback. At that time, a soybean crisis broke out in China: the market price of soybeans rose all the way in the early stage, and a large number of companies stockpiled goods, and then the market plummeted, and almost all related companies lost a lot of money. Since then, enterprises have gradually begun to pay attention to the use of financial instruments and the cultivation of futures talents. ”

"That's when I joined the Jiagu Group. After several years of rapid development, I have witnessed the growth of Jiagu's position in the domestic futures market to more than 30 times the initial size, and the trading volume to increase by hundreds of times. ”

"A company like our Jiagu has a large investment scale, and we will never treat such a large fixed asset investment in an aggressive way because we are not a fund. Our role is to obtain stable income through hedging. Zhou Mi said with some pride.

Chen Jianping nodded in understanding.

Although he has no practical operation, he is no stranger to futures hedging.

To put it simply, futures hedging is to sell (or buy) the same number of futures trading contracts on a futures exchange as a hedging at the same time as buying (or selling) spot. When a price change causes a profit or loss on spot trading, it can be offset or compensated by a profit or loss on futures trading.

Of course, the actual hedging strategy will be so complex that it will make the average person doubt life, but everything will not deviate.

"Our Jiagu can withstand the test and maintain profitability in the wind and waves of this year's financial crisis, which is inseparable from the support of the domestic futures market, especially DCE. "In the face of newcomers, of course, we have to get off first.

To what extent has the changes in the commodity market been exaggerated this year? In a few months, it has almost fallen from the top to the bottom, with crude oil falling from 147 to 32, soybeans falling from 1,660 to 770, and soybean oil falling from 14,700 to 5,560 in China......

It can be said that if the commodity trader does not hedge, it is simply too late to die.

Of course, "the biggest speculation is that companies do not do futures" has become the voice of people in the domestic oil market, especially soybeans that need long-distance transportation and long trading time - oil processors who do not have this cognition do not know which day will be finished, and Zhou Mi feels that it is a waste of time to even take a look.

Jiagu is the first batch of entities in the industry to participate in soybean futures and play the most slippery.

Zhou Mi smiled: "This year, the capacity hedging volume we carried out on the Dalian Commodity Exchange has reached 1 million tons, which is already a large amount in terms of the proportion of domestic market holdings. Combined with overseas hedging, our soybean-related investments not only did not lose money, but instead achieved stable profits. ”

Chen Jianping arched his hand in admiration to show respect.

Zhou Mi smiled and pushed open the door: "Welcome to the Soybean Futures Risk Department!"

Chen Jianping's eyes widened.

There is no hoarse shouting, no tapping on the keyboard like a wild bee dancing, most traders turn on the computer, stare at the screen, ponder, judge, wait...... It's completely different from what he imagined the financial trading department.

Zhou Mi didn't know what Chen Jianping was imagining, he said softly: "In my experience, there are two misunderstandings in the participation of domestic enterprises in the futures market, one is too speculative, and the other is too dogmatic and rigid, both of which are not advisable. ”

"We in Jiagu tend to have three parts in financial transactions: the research department, the trading department, and the risk control department, which are responsible for objective understanding of the market, subjective decision-making and independent supervision. ”

"Domestically, the research and trading departments of similar companies are often combined. The disadvantages are obvious, traders and researchers are burdened with performance indicators, and it is easy to have a strong tendency to study and interpret the market......"

Chen Jianping seems to have been opened a new door.

Zhou Mi took one last look at Chen Jianping, and said with a somewhat mysterious smile: "Usually when I interview young people who come to apply, I never ask about their profitability, but ask about the experience of the biggest loss. Do you know why?"

Chen Jianping thought for a while: "Because of risk awareness?"

Zhou Mi praised: "People who have suffered a lot will have a neurotic sensitivity to risks. Because he's been through that pain. This is also a core point of our risk management philosophy. ”

Chen Jianping suddenly had a bad premonition.

Sure enough, "You don't have much experience in futures operations? It doesn't matter, you will always experience and experience all this in the later exercises!"

“...... How do you exercise?"

Zhou Mi didn't answer and asked, "Do you know the Assassin Fund?"

Chen Jianping instantly became excited: "Of course!"

Zhou Mi said with a smile: "Although we mainly focus on hedging, we also need to absorb the trading logic and thinking of some funds. Arbitrage, in particular, is very unique in their trading patterns, ways of thinking, and understanding of the game. And the Assassin Fund under our group is a good object of learning and exchange. Next, you will be assigned to study there, how about it, are you surprised?"

Chen Jianping was trembling with excitement: "So, I have the opportunity to discuss with the 'Chinese Financial Twin Stars' face-to-face?

...... If you want to talk about "Super Agricultural Power" with more like-minded people, pay attention to "excellent reading literature" on WeChat, talk about life, and find confidants~