Chapter 194 Testing the Waters of HSI Futures

After breakfast, hailed a taxi in front of the Grand Hyatt.

"Go to BEA Securities"

Through the car window, poplar felt the busyness of people in the morning rush hour.

"Today is a turning day, for me and for everyone else. ”

For some reason, such a thought suddenly popped into his mind.

When they came to East Asia Securities, Han Wen paid the fare, and Hu Yang and others got out of the car.

This securities brokerage company was introduced to Hu Yang by Chen Jialin. walked in and asked the front desk staff, and the chubby manager Niu quickly greeted him.

"It's Mr. Hu, I'm glad to meet you. Chen Shao called me, I arrived at the company early today just to wait for you. A few people, inside please. ”

Hu Yang stepped forward to greet the Niu manager, the two exchanged business cards, and the Niu manager took Hu Yang to open an account.

Although Hu Yang does not have the status of a resident of Xiangjiang, he has a legal company in Xiangjiang, and the account opening is very smooth.

"Mr. Hu, you said that you want to do Hang Seng Index futures trading? Originally, you need to verify the capital in advance to do this, but with Chen Shao's introduction, this article is exempted. I don't know what kind of broker you need, I'll arrange it for you. ”

Brokers are definitely there to have, but the types are different.

One is discretionary trading, that is, whether buying or selling, the broker has the final say, and the broker helps the customer to make transactions.

The second type is partial entrusted trading, where the buying and selling are judged by the broker, but in the actual operation, the customer's opinion should be asked in advance, and the operation can only be carried out if the customer agrees.

The third type is the customer's independent trading, buying and selling by the customer's own judgment, by the customer to trade or call the broker to trade on behalf of the customer.

"Manager Niu, I know a little bit about securities and futures, so I'll trade independently. ”

Populus euphratica could not have been entrusted carte blanche to an economic man, so he chose the third type.

"That's fine. ”

Manager Niu has been in this industry for many years, and he is not verbose at the moment, and introduced a senior agent to Hu Yang.

"Let's do this today, thank you Manager Niu for your care. ”

Hu Yang also followed the broker just now, and at the opening of this month, the Hang Seng Index was 1534599 points, and the direction is currently unknown.

The broker's surname is Yu, and his advice to Hu Yang is to consider opening a long position, and he believes that there is still a lot of room for the market to rise in the future.

Hu Yang did not say anything, and soon left East Asia Securities with Liang Shuqi and Han Wen.

"I'm going to go to Sumitomo Mitsui Banking Corporation next, Kiki, if you have something to do, you can go and work with you first, and we'll have dinner together in the evening." ”

Hu Yang and the others were going to negotiate a business with the bank, but he was afraid that Liang Shuqi would wait too long, so she didn't have to go with her.

"Well, that's fine, then I won't delay you from getting down to business. I'll call you in the afternoon and I'll be there before the end of the day. ”

Liang Shuqi also felt that it was inappropriate for her to follow Hu Yang to the bank, so she took a taxi alone and took the first step.

Hu Yang then came to the bank with Hangul.

"Sir, how can I help you?"

Hu Yang is a VIP customer of the bank, and all business can enjoy one-on-one service in the VIP lounge, and there is no need to wait in line in the lobby.

"I need to sell some dollars and buy some Hong Kong dollars, okay?"

Hu Yang plans to do Hang Seng Index futures, of course, he needs Hong Kong dollars.

"No problem, I'll help you take a look, well, today's exchange rate is 7415, I don't know how much you are going to exchange, sir?"

The bank's customer officer, who is gentle and polite, makes people feel very comfortable.

Previously, Walkers Trading had $10.6 billion on its books, and after deducting some daily expenses and taxes, there was still $10.5 billion left.

Hu Yang decided to exchange $60 million first, and he soon got 444.9 billion Hong Kong dollars.

All these Hong Kong dollars poplars were transferred to the margin account of the securities company, and then waited for the opportunity.

"Brother Hu, do you really want to speculate on HSI futures? That thing is very risky. My old man had already given me a strict order not to touch it. ”

At noon, Chen Jialin and Hu Yang had dinner together. In fact, when Hu Yang asked him to help introduce the securities brokerage company, his heart was already beating a drum.

In a sense, Chen Jialin's words are not unreasonable.

Not to mention ordinary people, even the elites in the industry, they dare not say that they will win if they do futures indexes. As for the futures index, it is more of a means used by large institutions to hedge, rather than a simple game of luck.

For stocks, futures indexes, futures, etc., Populus euphratica has been involved in his previous life, and he has also studied this knowledge for a long time. The financial turmoil that swept across Asia was regarded as a classic case and appeared in many textbooks.

Hu Yang is no stranger to this period of history, especially the historical events involved before and after the Hang Seng Index Defense War, as well as several key points of the Hang Seng Index, and has deep memories.

For example, July 2, 1997 is generally regarded as the starting point of the Asian financial crisis, and Hu Yang still remembers the Hang Seng Index this month, and he remembers that the Hang Seng Index also hit the current all-time high in this month.

"Don't worry, I'm just playing, and I'm not going to put all my net worth in. Besides, Chen Shao, have you forgotten what I do? As an investor, I am no stranger to stocks and futures indices. ”

Hu Yang's explanation was not convincing at all, but after Chen Jialin persuaded a few words, he saw that Hu Yang's attitude was very resolute, so he stopped talking.

Hey, I don't know if it's because the poplar is inflated, and he dares to play anything, and he is not afraid of playing himself badly?

"I plan to go back to the deep sea tomorrow, Brother Hu, what about you?"

There are still a lot of things waiting for Chen Jialin on the side of Stubborn Stone Technology, and he really doesn't have Hu Yang to be idle.

"I'll stay a little longer, you go first. "Populus Hu needs to familiarize himself with the trend of the Hang Seng Index these days, and at the same time there are other things. "Chen Shao, Huijia Trade needs to build a shelf, I want to rent an office building, and hire a few more employees by the way. ”

Huijia Trading now has a lot of money in its account, and at the same time has business activities, such as selling Sony's "core components" to domestic manufacturers at the beginning of the year.

The company was supposed to be exploited, so he rented a small office building in Sai Wan, hired two part-time financial staff, a business manager, and a long-term lawyer.

For most of the time, Populus euphratica was staring at the Hang Seng Index. However, the index did not soar all the way as most people expected, but rather a bit like it was about to pull back.

"Mr. Hu, the Hang Seng Index has fallen below 14,700 points, and the previous bullish institutions have said that the pullback may be carried out for a while. ”

Hu Yang's stockbroker called and reported a new situation.

"Mr. Yu, I now authorize you to operate. You help me open a long position at 14,600 points, and the amount is 5,000 lots. ”

Hu Yang immediately realized that the opportunity he was waiting for had come, and without the slightest hesitation, he gave the broker a trading order.

"Okay, I'll do it right away. ”

The agent surnamed Yu felt that the huge easter egg hit him, and he didn't want the beauty. With such a large transaction volume, this month's performance, it's okay!

5,000 lots of HSI futures contracts, which may not sound like much, actually represent a lot of wealth.

According to the trading rules, each point of the Hang Seng Index is HK$50. So, what is one lot of Hang Seng Index futures contract? It is the current index multiplied by 50 Hong Kong dollars, and then the figure is obtained.

For example, if Hu Yang opened a long position at 14,600 in the Hang Seng Index, then his contract is 14,600 times 50 Hong Kong dollars and 730,000 Hong Kong dollars.

One contract is HK$730,000, and 5,000 lots is HK$36.5 billion.

However, index futures trading is done on margin. At present, to do HSI futures, you only need to pay a margin of 10, that is, Populus euphratica needs to invest 36.5 billion Hong Kong dollars.

Otherwise, Chen Jialin said that the risk is high, this is a typical one-fight ten.

"Mr. Yu, please tell me when the Hang Seng Index breaks through 16,000 points. ”

After buying a long position of 5,000 lots at 14,600 points, Populus Hu left Xiangjiang. He couldn't have stayed here all the time, and there was no need.

This time, Han Wen did not go back with Hu Yang, nominally he is now a clerk of Xiangjiang Huijia Trading, and his task is to get a local driver's license and buy a car recently.

In the future, Populus euphratica will travel back and forth between the mainland and Xiangjiang many times, and Chen Jialin cannot be troubled every time, and it will be very inconvenient if there is no car.

At the end of July, Hu Yang received a call from a securities broker in Yangcheng, and the Hang Seng Index broke through 16,000 points.

Throughout July, the Hang Seng Index was doing well, and at the end of the month, the price hit a new monthly high, and the index closed at 1636571 points.

Hu Yang did not wait for the July contract settlement date and sold all the HSI futures contracts at the index point of 16,200.

This was originally a test of the water of Populus euphratica, but the effect was ideal. He opened a long position in the Hang Seng Index at 14,600 points, and by the time he sold it, the index had risen by exactly 1,600 points.

When you open a long position, the index rises and of course it is profitable.

The calculation of profit is also very simple, he made 1,600 points of the Hang Seng Index and has 5,000 futures contracts, which means that his profit is 1600500050 Hong Kong dollars, and the figure is 400 million Hong Kong dollars.

In almost a month, Hu Yang made a profit of 400 million Hong Kong dollars, which made Chen Jialin unbelievable.

"No, Brother Hu, what kind of company do you have the ability to do? With your speed of making money, you can kill a lot of rich people in seconds. Ahem, why don't you take me along too?"

Chen Jialin came to Hu Yang's office today for this purpose.

This month, Chen Jialin has also been asking about Hu Yang's Hang Seng Index futures. It's not that he has a lot of gossip, but he is worried that Hu Yang will lose everything.

Unexpectedly, poplar Hu earned hundreds of millions of dollars in a month.

"It's okay to take you to play, but do you have any cash? Let's say okay first, the funds of Stubborn Stone Technology can't be misappropriated, if you dare to embezzle, your father can discount your legs without my help." ”

Hu Yang knew that Chen Jialin said the same, in fact, it is really risky to do index futures. If it weren't for these special time points, how much money Hu Yang threw into it would have been for nothing.