Seeing that Hu Yiting's intention had been decided, Liu Yuanbao, Ke Yawen, and Gu Minghui nodded at each other.

Liu Yuanbao turned on the computer on his desk.

Gu Minghui used the futures trading software of the Hong Kong Stock Exchange to demonstrate to Hu Yiting, "Mr. Hu, you see, now it is all electronic trading, and the speed is very fast. ”

Hu Yiting asked: "Did you use the red vest as an agent and trade over the counter in the market?"

Gu Minghui: "Yes, Mr. Hu is very knowledgeable, and now the red vest in the field is much easier than before, mainly playing a supervisory role, and is responsible for the normal transaction of the brokerage reports of their respective seats."

In the past, everyone saw stockbrokers in TV dramas wearing red vests and busily on the trading floor, but now with the advent of electronic trading, there is no advantage.

According to the report of the Hong Kong Stock Exchange, the number of applications for on-site trading counters has plummeted, although some people still feel that wearing red vests is vain, but many institutions have given up on-the-spot counter trading, although there are currently more than 290 counters on the floor, and the number of counter applications is decreasing year by year.

Mr. Hu, if you want to, we at Bank of China can help you apply for a counter of your own. ”

Hu Yiting looked at Gu Minghui with a smile: "Isn't there a Hong Kong TV series "The Great Era", and I think the red vest in it is very impressive." ”

Gu Minghui also smiled: "The Stock Exchange in Hong Kong dramas is the background of the 80s, and now that technology is developing rapidly, computers and networks are used everywhere, I estimate that maybe in another ten years, the number of counters on the Stock Exchange will be less than half." ”

Hu Yiting and Zhu Xiaoqiao nodded.

At this time, the secretary sent the documents for Hu Yiting to open an account, which Zhu Xiaoqiao read one by one and signed by Hu Yiting.

In order to welcome Hu Yiting, a super customer, the preliminary preparations of the Bank of China have been completed, and after the signing is completed, Liu Yuanbao will open the account immediately with a phone call.

Hu Yiting smiled and said to Gu Minghui: "You show me a demonstration, buy a thousand Hang Seng Index first." ”

Gu Minghui hurriedly said: "There are four varieties of the Hang Seng Index, which are divided into the current month, the next month, and the last two quarter months, for example, you see, it is April, and the contract is divided into four varieties: April, May, June and September. At the end of April, the April variety will expire, and the April futures index that is not cleared in the hand will be automatically settled in cash, and then the May variety will become the main contract of the current period. ”

Hu Yiting nodded.

Koo continued: "The value of each contract of HSI futures is the index point multiplied by HK$50, and the price of a contract is HK$632,000 based on the current HSI of 12,640 points. The SEHK sets a leverage ratio of 20 times for HSI Futures, which means that the amount of funds required to actually buy and sell each contract is one-twentieth of the actual price, that is, 5%, and this 5% of the funds is called margin.

But the higher the leverage, the higher the risk. Once the HSI futures fall by 5%, the margin loss of each long contract in the customer's hand will be magnified by 20 times, that is, 100%, which is equivalent to the loss of all the margin.

Conversely, if the HSI rises by 5%, the margin value of the long contract in the client's hand will be doubled.

In addition, HSI futures can be shorted, that is, reversed, for every 5% rise of the HSI. The short contract in the client's hand is lost, and the margin value of the short contract in the client's hand doubles when it falls by 5%. ”

Hu Yiting didn't wait to listen to Gu Minghui's continued rambling, he understood all of this in advance, and said: "How to calculate this Hong Kong dollar, my account is full of US dollars." ”

On the side, Ke Yawen hurriedly interjected: "Mr. Hu, the linked exchange rate system is used between the Hong Kong dollar and the US dollar, and the exchange rate between the US dollar and the Hong Kong dollar is fixed at 7.8 Hong Kong dollars.

Your HKD and USD can be exchanged at any time, and according to the contract you signed with BOCHK, your US$440 million will be converted into the equivalent of HKD, which is HK$3.432 billion. ”

Gu Minghui said solemnly: "Mr. Hu, your 3.432 billion margin, if you don't increase leverage, according to the current Hang Seng Index 12,640 points, a 632,000 Hong Kong dollars...... That's ......"

Gu Minghui did a little mental arithmetic, and rushed to report the answer: "You can buy or sell more than 5,400 Hang Seng Index futures contracts, if I'm not mistaken." ”

Ke Yawen said: "Mr. Hu, on the issue of leverage, we hope that you can carefully consider, as far as possible do not use leverage, we generally for new customers, especially important senior VIP customers like you, in the early stage of operation, it is not recommended to use leverage, the risk is too great, if you have been trading for a long time, familiar with the Hang Seng Index futures, it is not too late to use leverage." ”

Gu Minghui nodded heavily: "Mr. Hu, you must know that if you use 20 times leverage, you can buy or sell more than 100,000 HSI futures at most, but once the market fluctuates, you may face insufficient margin and be forced to liquidate, and you will not be able to get a penny back at that time, which is a very big financial risk." ”

Liu Yuanbao, the president and chairman of the board of directors, who has been holding hands and watching, also said at this time: "Mr. Hu, we are thinking about you, so we strongly recommend that you sign a leverage limit contract with us, for now, we recommend that you control the leverage ratio at about 2 to 5 times."

In this way, we have set the leverage limit of your account to less than five times, which can protect against a lot of risks. ”

Ke Yawen persuaded: "Mr. Hu, it's not that we don't worry about you, it's really because we have to be responsible for our customers, especially a well-known person with a high status in China like you, once something goes wrong, not only will you suffer losses, but our reputation of BOCHK will also be damaged." ”

Hu Yiting nodded kindly to the BOCHK trio and said with a smile: "I know you are good for me, after all, there is too much risk here, and I am too young and inexperienced."

Well, let's do it, according to what President Liu Yuanbao said, temporarily set the leverage ratio at the upper limit of 5 times. ”

The three top executives of the Bank of China exchanged glances, and Liu Yuanbao nodded lightly to the two, thinking that it was okay.

In Liu Yuanbao's view, the customer trading volume is naturally the larger the better, according to the futures index transaction fee of 300 Hong Kong dollars per order, Hu Yiting if he buys or sells 1000 Hang Seng Index futures, Bank of China can make a net profit of 300,000 Hong Kong dollars, if Hu Yiting such a large customer transactions frequently, it is simply the God of Wealth of the Bank of China's newly opened bank-securities custody business, because the cooperative brokerage is a 100% owned subsidiary of Bank of China Hong Kong Guangdong Hong Kong Securities, so Bank of China can pocket this part of the income.

"Then Mr. Hu, it's decided, five times leverage. Liu Yuanbao said.

"Hmm. Hu Yiting nodded, and said in his heart that I am not greedy, five times the leverage is enough, and the risk of twenty times the leverage is too great. Once you are full, a 5% inverse movement in the market can leave your account empty. Although I am here to grab money, the risk must be controlled.

So after signing the leverage contract, Gu Minghui finally said: "Mr. Hu, you said that you want to buy more than 1,000 lots, right?"

Hu Yiting smiled: "Well, you show me it." ”

Gu Minghui wiped his sweat, and said in his heart why do you need 1,000 hands to demonstrate, 1 hand is fine.

Thinking that this is only for himself, in case of loss, I am afraid that it will not be unlucky, and it will not be good to be hated by Hu Yiting, Gu Minghui said cautiously: "Mr. Hu, you want to buy a lot, 88 hands is good, auspicious." ”

Hu Yiting smiled: "It's okay, it's okay, hurry up." ”

Gu Minghui hurriedly placed an order, bought more than 88 lots, and immediately closed the deal.

Applause immediately erupted in the bright president's office, and Liu Yuanbao smiled and stretched out his hand to shake Hu Yiting: "Congratulations to Mr. Hu for becoming our bank-securities custodian customer of Bank of China Hong Kong." ”

Hu Yiting smiled and nodded, and shook hands with Liu Yuanbao, Ke Yawen, and Gu Minghui.

Sitting back on the president's chair, Hu Yiting looked at the current index, 12632, which was 8 points lower than his purchase price, so he filled in a list according to Gu Minghui's demonstration just now, but did not choose the April contract, but chose the next month, that is, the May contract.

The four people next to him watched Hu Yiting sit down and began to fill in the form, and suddenly held their breath and concentrated, only to see Hu Yiting first typed 5, and then typed 0, one, two, three.

5000 lots! Nearly full position operation without leverage, long order! buy price, 12640!

"Well, that's fine, right?"

Hu Yiting smiled, clicked buy with the mouse, and clicked to confirm.

At this time, I saw that in the market software on the computer screen, there was a huge amount of money to pay!

After more than 700 lots were traded, the remaining more than 4,000 lots were unfilled, and the eye-catching lifting was held at the 12640 point.

Hu Yiting frowned dissatisfiedly: "Why is no one selling it!"

The four onlookers all took a cool breath and had mixed feelings......