Going back three generations, there is no one in the Chen family who eats imperial grain, and among the relatives who are related to the deceased, the biggest official is the brother Chen Laoqi of the family who is the village party secretary, and there is no other relationship.

Chen Qiaoshan knew that there should be some misunderstanding here, but he didn't explain it to James.

Although he only stayed for a few days, he already had a general understanding of the basic situation of investment banks.

Investment banking is similar to the wealth pyramid, and the top of the food chain will always be those MDs.

MD is a non-managerial title second only to partner, which originated in the United Kingdom, and the top decision-makers of financial companies are called Managing and Director.

When New York replaced London as the new world financial center, the MD system was inherited by the American investment banks and later in Asia, where these people were called managing directors.

MD is the ultimate goal of every investment banker, but this is an extremely long process, it is possible in ten or twenty years, and the elimination rate is not ordinarily high.

Unlike ordinary interns, Chen Qiaoshan is not here.

He originally wanted to take the opportunity to expand his network and familiarize himself with the financial environment in Hong Kong, but after he arrived, he realized that the only thing he could do as a trainee analyst at PM was to stay in the office and do the work that a clerk could do.

Wang Feng is an intern recruited through normal channels, his daily work is to check the information, sort out the information, check the information, or make charts, modify the charts, and continue to modify the charts, as for other work, it is not his turn to intervene at all, even Gao Yunfei and the Indians are doing auxiliary work.

The customer resources are in the hands of the MD, James can't interfere, and as for the low-level analysts, they have become financial migrant workers, and the reality is far from the treatment of bankers, so it is no wonder that financial migrant workers laugh at themselves.

"Well, what did James say?"

Seeing Chen Qiaoshan coming out of the boss's office, Wang Feng hurriedly asked, as an alumnus and as an intern, he also paid extra attention to Chen Qiaoshan's movements.

Chen Qiaoshan's expression was very relaxed, and he couldn't see any other emotions, "Don't worry, you have passed the assessment." ”

Wang Feng was very happy for him, "That's good, when I was taking the assessment, I couldn't sleep the night before." ”

Chen Qiaoshan smiled, even if it is a financial dog, in CICC or Goldman Sachs, the development is different.

A high starting point means more opportunities than others, go to CICC for an internship, at most add a sum to your resume, and before the internship assessment at Goldman Sachs, you can also get the final face of other big banks, and the gap is obvious.

……

The assessment has been completed, and Chen Qiaoshan's treatment has also changed somewhat.

His work did not increase, and on the contrary, James gave him few assignments from then on.

Although he has to be Gao Yunfei and Indian's assistant from time to time, Chen Qiaoshan has more time left, but he is not much easier, and in his free time, he is checking valuable information in Goldman Sachs' internal database.

Goldman Sachs has an intranet platform with a variety of information, including financial analysis reports for various industries and macroeconomic trend judgments.

Taking advantage of this opportunity, Chen Qiaoshan made a lot of discoveries.

No matter how successful a financier is, he may not be able to accurately predict every financial trend.

Macroeconomists and fortune tellers are actually in the same vein, the only difference is that an accurate judgment can make an economist famous, but on the contrary, the accuracy rate will become lower and lower in the future.

This is a fate that no one can escape, but Chen Qiaoshan is obviously an exception.

After looking through a large amount of information, Chen Qiaoshan found that the economists at Goldman Sachs had made a serious mistake, they were collectively shorting oil prices.

Due to the outbreak of the Iraq war, the international oil price, which had been stable for 20 years, finally broke the stability, and the third oil crisis broke out.

Last year, before the United States invaded Iraq, international oil prices hovered around $20 all year round, but as soon as the war began, oil prices quickly exceeded $30 and never looked back.

Chen Qiaoshan has never done international crude oil futures in his life, so he will not care about the specific trend of international oil prices.

But he knew a piece of news, it was a sensational financial event across the country, the Singapore branch of China Aviation Oil because of the short of international oil prices, as a result of which the price of crude oil skyrocketed, resulting in a cumulative loss of 550 million US dollars.

When Chen Qiaoshan saw Goldman Sachs' forecast of international oil prices, he immediately remembered the bankruptcy of China Aviation Oil.

According to the judgment given by Goldman Sachs analysts, the international situation tends to be stable, trapped in the last round of economic crisis, Asian crude oil demand has not recovered, OPEC ministerial meeting failed to reach any production agreement, based on this, international oil prices may fall sharply in the future.

But Chen Qiaoshan knows that international oil prices will rise in the next two months, and they will skyrocket.

It is still hovering around $30, breaking through $40 at the end of August, reaching an all-time high of $55.67 on September 5, and then plummeting to below $40.

It is precisely because of this round of strange market that China Aviation Oil suffered heavy losses, and finally became insolvent and could only go bankrupt.

Chen Qiaoshan still remembers every detail of this news, the chairman of China Aviation Oil is still a senior of Peking University, and finally ended up in prison and spent four years in prison in Singapore.

Thinking of this, Chen Qiaoshan's heart jumped uncontrollably.

Compared to investments such as stocks and funds, futures are definitely the riskiest investment.

For PMs, equity funds can be secured for financing, and the interest rate is extremely low, generally between 1% and 2%, but futures are not included.

High risk has high reward, for Chen Qiaoshan, this is undoubtedly an opportunity, a once-in-a-lifetime opportunity.

He is now in Hong Kong, which is a well-deserved financial center in Asia, and he has the right time and place, and he really can't be moved.

Chen Qiaoshan was not in a hurry, he opened the webpage and inquired about the relevant information.

China Aviation Oil is a Singapore-listed aviation fuel supplier and the Singapore branch of China Aviation Oil Group.

Looking at the relevant situation, Chen Qiaoshan couldn't help but sigh a little.

The total market value of China Aviation Oil is less than 150 million US dollars, but it has lost 550 million US dollars in crude oil futures, and the risk of this futures can be imagined.

What's even funnier is that just a few days ago, China Aviation Oil was named the most transparent listed company in '04 by the Singapore Stock Exchange.

Who would have thought that such a star company with a deep background would be planted in a futures trade, and in just two months, it would fade all its halo and become a bankrupt enterprise from a well-known listed company.

Chen Qiaoshan is very entangled in his heart, the opportunity should not be missed, but the market is changing rapidly.

He is a newcomer to futures, and he doesn't make any money, and there are no bones left.

Futures not only have market risks and liquidity risks, but more importantly, there are operational risks, even if the order maker makes an error or knocks on the wrong trading order, it can make people lose their money.

Chen Qiaoshan didn't dwell on it for too long, there are two sides to the coin, and the risk of doing futures is a little higher, but compared with the income, it is really nothing, if he really accompanies his family, it is a big deal to start all over again, he still doesn't believe it, China Aviation Oil lost billions of dollars, how can he make a little money from it.