Chapter 1120 - The Four Pillars of the Futures Field (The First Vote)
After Wang Qi finished speaking, Xia Yu looked at Zhao Zhiyuan, and after seeing his expression of agreement, Xia Yu nodded secretly.
He looked at Wang Qi again and said: "Wang Qi, the trading system and management rules must be changed, you can talk about your views on trading commodities, if you are the chairman of the futures exchange, what will you do?"
"Don't be under pressure, just speak your mind. ”
Xia Yu's question is the key.
Suddenly, letting Wang Qi express his opinion did put huge psychological pressure on him.
Fortunately, Xia Yu's attitude was very kind and casual, which reduced Wang Qi's psychological burden.
Wang Qi also knew Xia Yu's character, and since the chairman said so, he calmed down and thought quietly.
Xia Yu smiled, and whispered to Zhao Zhiyuan: "Zhiyuan, you should also think about which direction our exchange can rebuild the market and let the exchange rise again." ”
"Good boss. ”
Zhao Zhiyuan answered in a whisper, and also fell into thought.
While the two were thinking, Xia Yu took a notebook and a pen from the table, combined with his own experience and memory, and wrote intermittently.
After a long time, Wang Qi's voice sounded, interrupting Xia Yu's train of thought.
"Boss, I have some ideas. ”
Xia Yu put down his pen, bowed slightly to Wang Qi, and said with a light smile: "Tell me." ”
Wang Qi took a deep breath and said: "Chairman, there are actually two types of futures on the Xiangjiang Commodity Exchange, namely agricultural futures and metal futures. ”
"Agricultural futures are only raw sugar, cotton, soybeans and corn, the turnover is cold, the market in Xiangjiang is small, can not accommodate large-scale capital stationing, this kind of futures is suitable for the later period to do the icing on the cake, not suitable as a pillar. ”
"The market capacity of gold futures in metal futures is sufficient, but the key is that it is not suitable for the current situation in Xiangjiang, which is a gold and silver trading field, with many banks and gold banks, and the competitive pressure is extremely high, and it is also subject to the competition of the local London gold market, and many companies in Xiangjiang sell London gold futures. ”
"Hong Kong's own bullion exchange and the local London gold market both allow for backorders, and they already have the characteristics and functions of the futures market, so our gold futures cannot be irreplaceable and difficult to compete. ”
"Silver futures are not much to say, the market has languished. ”
"After analysis, the Hong Kong Commodity Exchange does not have a pillar futures contract, which is the most deadly. ”
"In my opinion, pillar futures contracts need to have two characteristics, one is to have a large capital capacity, and the second is to have temporary irreplaceability, that is, exclusivity. ”
"Then let's look at the classification of futures, which can be divided into two categories: commodity futures and financial futures. ”
"Commodity futures can be divided into metal futures, agricultural futures, and energy futures. ”
"Financial futures can be divided into stock index futures, interest rate futures, foreign exchange futures, etc. ”
"Our company is called the Xiangjiang Commodity Exchange, positioning is commodity futures, but whether it is metal futures or agricultural futures, it is not easy to do for the time being, and crude oil futures in energy futures can be done, but because our local oil consumption is small, it is only a transit station, and there is no super-large-scale crude oil storage facilities, so it does not have the qualifications to build a highly competitive crude oil futures for the time being. ”
"But we have one thing here, that is, the Hang Seng Index, there is no Hang Seng Index futures in the world, if our exchange can no longer be limited to commodity futures trading, open the financial futures market, although the management difficulty, cost and risk will be a lot higher, but the market will also expand dozens of times or even hundreds of times, we have a unique advantage, the possibility of success is very high. ”
"My personal view is to restructure the Xiangjiang Commodity Exchange into a full-category futures exchange, starting with financial futures, building the Hang Seng Index futures into a pillar, and then further launching foreign exchange futures, interest rate futures, etc., we Xiangjiang as an international trade transit city, there are hundreds of bankers alone, the world's large banks have branches in our place, and we have a lot to do to launch foreign exchange futures and interest rate futures. ”
"When the financial futures market is successful, the market has a huge amount of funds, and then it is not too late to find the right time to launch agricultural futures, energy futures and metal futures. ”
"Chairman, the above is my humble opinion, please give me advice!"
"Bang Bang Bang ......"
After Wang Qi finished speaking, Xia Yu smiled and applauded, and praised: "It is very good, very intuitive and clear, and very operable." ”
After Wang Qi received Xia Yu's praise, his heart fell completely, and a smile appeared on his face, and he was humble again and again.
"Thank you, chairman, for the compliment!"
Xia Yu ignored Wang Qi's self-humility, turned his head to look at Zhao Zhiyuan, who looked deeply inspired, and said with a smile: "Zhiyuan, Wang Qi has expressed his opinion, what about you?"
Zhao Zhiyuan hurriedly recovered from the huge ideological shock.
He took a deep breath, tried his best to calm the shock in his heart, and said: "Boss, I very much agree with Mr. Wang's opinion, with your influence in the financial field, the financial futures market is the most suitable direction for the development of our exchange, and I have no other ideas." ”
It's not that Zhao Zhiyuan doesn't want to have a dazzling performance, but after listening to Wang Qi's opinions, he is also willing to bow down, compared with Wang Qi's proposal, his ideas can't be taken at all, since this is the case, just don't say it, just obey orders honestly.
Xia Yu smiled and didn't care.
His main purpose is to let Wang Qi behave and convince Zhao Zhiyuan, so that Wang Qi can press on Zhao Zhiyuan's head, and let Zhao Zhiyuan willingly cooperate with Wang Qi's work.
And Wang Qi really did not disappoint him, worthy of his left arm and right hand in the financial field.
He instructed Wang Qi and Zhao Zhiyuan: "Wang Qi, Zhiyuan, I will clarify the division of labor for you, Wang Qi will be the chairman of the exchange, and Zhiyuan you will be the vice chairman and executive president of the company." ”
"The first thing is to re-register the exchange, change it to the Heung Kong Futures Exchange, and expand the commodity business field to all categories, this matter is followed up by Zhiyuan, if there is any obstacle from the Hong Kong government, you can just tell me, and I will let people deal with it." ”
"The second thing is to rebuild the trading rules and management regulations of the exchange, this matter is led by Wang Qi, you have experienced the creation of the United Stock Exchange, you also have a lot of experience, I will give you some of my suggestions later, you can combine it. ”
"The third thing is to comprehensively rectify the staff of the exchange, create a new personnel system, remove those who are incompetent, and be sure to build an elite team. ”
"The fourth thing, in terms of hardware building, the current exchange site is not suitable, the exchange should be placed in the Central Plaza, and it must be built against the Xiangjiang United Stock Exchange, and the trading method is positioned as a full computer operation, abandoning all face-to-face transactions, site selection and construction and machine procurement work, Wang Qi, you have experience, and you are responsible. ”
"The fifth thing is about trading commodities, Hang Seng Index futures are promising, but this pillar alone is not enough, the current Hong Kong stock market is still sluggish, the Hang Seng Index futures market is not big enough, to launch the Nikkei 225 stock index futures, the British FTSE 100 stock index futures and natural rubber futures, these four commodities are listed together, and they can definitely hit the momentum of the Hong Kong Futures Exchange. ”
"Wang Qi is in charge of this matter, Nikkei 225 stock index futures, you can ask the company in the island country to assist you, the British FTSE 100 stock index futures, I will let the British FTSE index company send someone to assist you, you don't have to worry about natural rubber futures, I have reached an agreement with Kuala Lumpur's 'rubber king' Li Laisheng last year, I will communicate with him later, he will help contact large rubber companies in Southeast Asia to give us exchange support." ”
"For the time being, I hope that by the end of the year, our futures exchange will be able to keep up with the pace of the Stock Exchange, can we do it?"
Wang Qi and Zhao Zhiyuan immediately raised their heads and responded in unison: "Yes!"
Xia Yu bowed slightly, and asked again: "If there is anything else you don't understand, ask me now." ”
"Boss ......"
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n.