Unlike the situation at the beginning of the operation of the Hong Kong Stock Exchange, the trading volume of the Hong Kong Futures Exchange is increasing day by day.

After the daily trading volume reached more than 1.263 billion Hong Kong dollars on the first day, it exceeded 1.4 billion Hong Kong dollars on the second day.

When the market closed on Friday, the total daily trading volume of the day had reached more than HK$1.87 billion.

According to the handling fee of 5/10,000, the handling fee of the day alone is close to 1 million Hong Kong dollars.

The prosperity of the Hong Kong futures market is about to catch up with the Hong Kong stock market, with a gap of only more than 540 million Hong Kong dollars.

That's right, under the sting of the Heung Kong futures market, the daily trading volume of the Heung Kong stock market is getting higher day by day, and it reached the scale of 2.4 billion Hong Kong dollars again on Friday.

The Hang Seng Index has soared to a height of 1,621.

The fact that the Hong Kong stock market has been able to reach this level is inextricably related to the launch of the Hang Seng Index.

After the emergence of Hang Seng Index futures trading, the size and liquidity of the stock market will be greatly improved due to the attraction of a large number of arbitrageurs and hedgers.

Because the trading volume of the stock market and the futures market is a two-way driving trend, it is a typical complementary market.

After the launch of stock index futures, not only will it not divert funds from the spot market, resulting in thin stock spot trading and sluggish market, but will increase the scale of the stock spot market and increase market liquidity, which is an effective means to better prosper and promote the development of the stock spot market.

In the medium and long term, stock index futures will have an attractive effect on over-the-counter funds, resulting in a significant increase in the trading volume of both the stock market and the futures market.

Just like in 1986, after the launch of Hang Seng Index Futures, the trading volume of Hong Kong stocks increased by 60% that year.

In this life, Xiangjiang not only appeared Hang Seng Index futures four years in advance, but also added Nikkei 225 stock index futures and FTSE 100 stock index futures, which are more well-known, more influential and more traded, which will have a stronger effect on the Xiangjiang stock market.

However, Xia Yu estimates that the Xiangjiang futures market will surpass the Xiangjiang stock market at the end of this year, and then gradually leave the Xiangjiang stock market behind, even if he pushes the eight major companies to the market, it will not be able to change this general trend.

No way, this is determined by the size of the market and the trading mechanism, and this is the case on a global scale.

The trading size of the futures market is to be larger than that of the stock market.

Who makes the futures market equivalent to natural leverage, unlike the stock market, many institutions and retail investors are the principal of stock speculation.

Of course, if the total volume of transactions is calculated simply according to the margin of the futures market, it may not be able to exceed the size of the stock market.

But no matter what, as long as the financial industry of Xiangjiang can be stimulated, so as to drive the economy of Xiangjiang to be active in all aspects, Xia Yu's goal has been achieved.

Sunday, November 21.

The stock market and futures market have cooled down temporarily, but Tiangong Electronics has made a big move again after more than two months.

This time, the same four places held the global launch in New York, London, Hong Kong and Tokyo.

At each press conference, the heads of major record companies and their singers were invited to stand on the platform, and the scene was full of stars, just like a super-large concert.

The sound quality of the songs played by Tiangong CD records is not inferior to the level of live singing by singers, which makes fans who come to participate in the Tiangong CD-P1 Walkman conference crazy.

Although the retail price of each CD-P1 Walkman is as high as $760, which is more than three times that of the world's best-selling Tiangong SP-S2 Walkman, it still can't stop enthusiasts from frantically chasing and buying.

After all, the Tiangong CD-P1 Walkman is the world's first CD Walkman, and the price is very high.

Therefore, although the brand awareness of Tiangong Electronics is very high, and there is just more than two months after the launch, the SP-S2 Walkman is still selling well all over the world, but in the face of the unknown market, the global distributors of Tiangong Electronics also dare not purchase on a large scale.

Therefore, although Huo Jianning first summoned dealers from all over the world to participate in the exhibition in Hong Kong and let them see the products with their own eyes, before the global launch conference on November 21, the orders for the Tiangong CD-P1 Walkman were only 112,000 units.

Less than a quarter of the Tiangong SP-S2 Walkman!

However, after the global conference of Tiangong Electronics was held, the major distributors around the world realized that the market for CD Walkman not only exists, but also is very broad, so they have placed urgent orders to Tiangong Electronics.

This time, unlike the vinyl record Walkman, there is only one CD Walkman in the world, and Tiangong Electronics temporarily monopolizes the market.

Moreover, it is already the end of November, and Christmas is only a month away.

The Christmas holiday is also the biggest consumer holiday in Europe and the United States in a year.

Major dealers take into account the production and then transportation and distribution after placing an order, a month has been very tight, and even if the production of Tiangong electronic order is slow, there may be Christmas has not completed the distribution.

Therefore, after the major dealers did not have the courage to place more orders before regretting, they rushed to place new orders, and they all increased the amount of orders, for fear that there would be a shortage of goods later.

A week after the release, Tiangong Electronics received orders of up to 495,000 units again.

In addition, the order for 112,000 units was placed before the press conference.

The total number of orders for the Tiangong CD-P1 Walkman reached 607,000 units.

More than half of the sales of the Tiangong SP-S2 Walkman in the same period.

However, because the wholesale price of the Tiangong CD-P1 Walkman is $575, the total order value reached $349 million.

Coupled with the fact that it took a few more months to reduce costs from more than six months, the manufacturing cost of the Tiangong CD-P1 Walkman was reduced from $162 to $141, making the gross profit of these orders as high as $250 million, with a gross profit margin of 75.5 percent.

The previous Tiangong SP-S2 Walkman, because of the low price of a single product, although the order volume in the same period was as high as 1.053 million units, the total order value was only more than 187 million US dollars, and the gross profit was 141.1 million US dollars.

While the gross profit margins are all comparable, the exclusive market makes more money.

However, the exclusive business can only be done by the end of this year, and it is estimated that starting next year, the members who have joined the CD-ROM Technical Standards Alliance will be able to launch their own CD Walkmans.

At that time, Tiangong Electronics will have to rack its brains to maintain market dominance.

Therefore, in the next month or two, Tiangong Electronics will use all aspects of resources to increase its popularity, stabilize its market position, and eat the cake as much as possible.

......

As we move towards the end of November, governments of various countries, debtor countries such as Latin America, the Federal Reserve, the International Monetary Fund, and commercial banks of various countries have reached a relatively consistent solution to the sovereign debt crisis of Latin America and other countries.

More than 3,000 commercial banks around the world that have been mired in the quagmire have been suffering for several months after being caught up in the crisis, and their original hardline attitude has gradually softened.

Latin America and other countries wanted to completely get rid of their debts at the beginning, and the typical mentality of the barefoot broke the jar and broke it, and dragged the whole world into the water to be unlucky.

The commercial banks of all countries in the world do not want to suffer losses, and not only intend to return the principal, but also get back the interest, and Latin America and other countries can not repay their debts in a short period of time, then they can be extended, but the interest must continue to increase.

However, after negotiations between all parties, even large conglomerates such as Rockefeller, Citigroup, Morgan, and Rothschild realized the difficulties, and then compromised step by step, and more and more banks agreed to cut interest rates and discount debt.

To put it bluntly, even if you don't want the original interest, you don't pray to get back all the principal, and if you can get back a part of it, you will burn high incense.

Although the loss will be great, it is better than not getting a penny back.

Of course, with the current situation in Latin America and other countries, even if major banks want to get back some of the principal, don't think about it in recent years.

Because the fundamental economic problems of Latin America and other countries are not properly resolved, this economic bomb has always existed, and once it explodes twice, the impact will be even more serious, and the global economy will be dragged into the water again.

Therefore, not only have they not been able to get back part of the principal in recent years, but the major commercial banks that have been tied up have to jointly contribute money and continue to lend money to Latin America and other countries to restore economic order.

As for the amount of money disbursed, it has risen from $66 billion proposed by the International Monetary Fund in October to $100 billion in November!

This is equivalent to about one-third of the sovereign debt defaulted by Latin America and other countries!

This is a huge pressure on many commercial banks!

However, fortunately, the plan has come out, and the attitude of Latin American and other countries is relatively positive.

As a result, the growth rate of the eight major teams of bank funds began to decline.

The high-speed floating profit period has begun to pass.

Xia Yu gave an order, and the eight teams began to harvest the returned funds.

PS: I have to go to work during the day, I can only write at night, this is the first update, and there is still at night.

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