Chapter 192: Sail

In the self-operated department of Dafu Bank, Ye Qian brought a middle-aged man wearing a short-sleeved shirt into it, and just nodded to Zheng Fan.

"Hurry up."

Seeing that it was already five o'clock in the afternoon, Zheng Fan couldn't take care of Wang Lin, who was not leaving, and arranged for Ye Qian and the middle-aged man in the short-sleeved shirt.

"Are you coming? But the stock market has closed, is there any good operation at this time? Wang Lin was afraid of being driven away by Zheng Fan, so she could only secretly guess in her heart.

"Since you're not leaving, I'll go over and help, I still lack a trader, so you'll be on later." Zheng Fan, who felt tired, said to Wang Lin with a pulled face.

"Finally willing to ask me to help? The two of us are the best partners. Wang Lin's beautiful eyes lit up and she looked extremely excited.

"Boss, the electronic disk docking with the London Metal Exchange has been tested, because our Dafu Bank also has a branch in London, and it is the relationship between the futures agents of the London Metal Exchange, and the leverage ratio of trading London gold can be 1:100." After a while, the short-sleeved middle-aged man completely debugged the trading system.

"Metals futures trading?"

What shocked Wang Lin the most was the leverage ratio mentioned by the investment minister of Tatfook Bank.

"The HK$1,122 million on the books of the proprietary department, and the US$143.84 million converted from the Hong Kong Monetary Authority, have not only been put in place, but also transferred to the London Metal Exchange, completing the preparation of futures trading margin, and can enter the market at any time." After Ye Qian and Ruan Yuan completed the fund allocation, they quickly reported to Zheng Fan.

"Yu Wei, as the investment director of Tatfook Bank, do you have any previous experience in operating international gold?" Zheng Fan asked the man in the short-sleeved shirt.

"Because Tatfook Bank is a futures agent of the London Metal Exchange, it mostly provides customers with a trading platform for London Gold, and the proprietary department has never operated by itself." The man in the short-sleeved shirt said with a deep breath.

"Ye Qian, with the help of Minister Yu and Minister Ruan this time, have you figured out the electronic disk access of the London Metal Exchange and the process of fund entry?" Zheng Fan asked with a lazy expression.

"Got it."

Ye Qian nodded solemnly, looking very confident in the uncomplicated operation process.

"Okay, Minister Yu, it's not too early, you can get off work first." Zheng Fan wiped his eyelids and no longer used short-sleeved middle-aged people.

"The three of you, who knows about international gold futures?"

After the middle-aged acquaintance said goodbye, Zheng Fan asked Ye Qian's three daughters with a smile.

"The so-called international gold futures refers to the futures contract with the gold price at a certain point in the international gold market in the future, and the profit and loss of investors buying and selling gold futures is measured by the difference between the gold price of the two times from entering the market to leaving the market, and the contract is physically delivered after expiration." Because of her in-depth contact with domestic futures, Wang Lin knows a little about international gold trading.

"As far as I know, international gold futures trading, is only a part of gold investment, spot gold is the main body of gold trading, taking the spot trading method, refers to the delivery after the transaction is completed, or delivery within a few days, compared with gold futures trading, spot gold daily trading volume is larger." As a lawyer, Ruan Yuan has a relatively good understanding of the contracts and methods of international gold delivery.

"Yes, international spot gold, also known as standard London gold, with a daily trading volume of about 20 trillion US dollars, unlike international gold futures, spot gold does not have any consortium and institution, can calmly control such a huge market, its spot price fluctuations, mostly rely on the market spontaneous adjustment." Zheng Fan smiled a little meaningfully.

"Is spot gold difficult to manipulate?"

Wang Lin couldn't help but speculate about Zheng Fan's intentions.

"Whether it is gold futures, or gold spot trading, is an international investment product, by the gold companies to establish a trading platform, in the form of leverage, to the market dealer for systematic trading transactions, but our Tatfook Bank is the agent of the London Metal Exchange, which is equivalent to the market trader, so you can directly face the London Metal Exchange, do not need to consider the problem of the market buyer." Ruan Yuan reminded quite carefully.

"At present, the international gold trading is the world's largest capital gathering place, and some people call the global gold trading the world's largest stock, not to mention the international gold spot market, even in the futures market, like our Tatfook Bank's proprietary 100 million US dollars, it is difficult to confront those overseas institutions." Zheng Fan crossed his hands together, and there was a faint glint of excitement in his eyes.

"Indeed, although the gold market, like other commodities, is also composed of the most basic supply and demand sides, but gold is different from other commodities, its market structure is very complex, the market has both gold suppliers and demand enterprises and individuals, as well as central banks, commercial banks, and various investment institutions, even if it is a professional gold dealer, and engaged in agency business brokers, it is not simple." Ruan Yuan confirmed Zheng Fan's statement.

"Getting involved in the international gold market, is the real battle, before entering the market, you have to be clear about one point, that is, the trading of international gold futures, and the trading rules of the domestic futures market are slightly different, London gold futures trading and New York gold futures are the same, are denominated in US dollars, and it is on ounces regardless of grams, one hand is equal to 100 ounces, the minimum price change is 0.1 US dollars, the maximum leverage of the margin, can be magnified to a hundred times." Zheng Fan reminded Wang Lin and Ye Qian.

"Leverage amplification also means that the risk is unbearable, how sure is the boss?" Even though she knew that the bank's proprietary department had won a big victory in the Hang Seng Index futures contract, Ruan Yuan couldn't help but be a little worried.

In the eyes of female lawyers, even though Zheng Fan may have a talent for financial capital, it is a fact that mainlanders have little involvement in the world's capital market.

At present, although the domestic reform and opening up has achieved obvious results, it is far from the status of the core of the world's capital.

In Hong Kong and even in the United States, Ruan Yuan can not often hear that how many large companies with Chinese characters want to go abroad and fight hard in the wave of overseas capital, but they all return with a feather, making people like a sweet apple, and finally gnawing only one apple core back, and the loss of hundreds of millions of dollars at every turn, and not even making waves in the international capital market, which cannot but be said to be a tragic thing.

"Let's try it, it's the first time I've done London gold futures, and I don't say it's very good, but today I tried to work on the Hang Seng Index futures contract, and my luck seems to be good, maybe I can make some gains in the evening." Zheng Fan's smile hides the thief's color, but on the surface, he looks like he wants to fight for great luck.

For people like Zheng Fan, who follow the law of survival of the law of survival in the world capital market, he only has a faint emotion when he sees that Huaxia cannot really touch the core of world capital, and he will never think of helping Huaxia stand at the top of the world, because that is something he cannot do personally, and it is unrealistic.

"Luck?"

Hearing Zheng Fan's statement, Ruan Yuan was really uneasy.

Ruan Yuan is not only a capable lawyer in Hong Kong, but also has the qualifications to practice law in several states in the United States.

Ruan Yuan, who has just joined Tatfook Bank, is more for the generous annual salary given by Zheng Fan, at least in terms of the current situation of Tatfook Bank, it will not be as easy as imagined to become a trendsetter in the international capital market.

In Ruan Yuan's cognition, especially Zheng Fan, the boss, represents the capital that came out of the mainland, compared with the Western consortium, there are already congenital weaknesses and disadvantages, and if you want to fight the tide of world capital, you will not only encounter many difficulties and obstacles, but also like a boat sailing alone in the ocean, and it will be overturned by the waves if you are not careful.

"From domestic plywood futures, to Hong Kong's stock index futures, this guy's ability to operate, is really amazing, it is attributed to luck This deceptive statement, I am afraid that only people who do not understand the situation will believe that the choice of international gold futures at this time, seems to be in a hurry, there must be an inevitable reason." Wang Lin secretly sneered.

According to Wang Lin's observation, Zheng Fan's operation of stock index futures since this morning seems to have been concerned about not a day or two.

"Even if the acquisition of Dafu Bank has just caused a shortage of funds, and it is necessary to make money everywhere, but it should not be in a hurry, there is a good saying, called the coming day, he is so non-stop to carry out capital operation, it is estimated that in a period of time, through careful analysis and research, captured the fleeting warplane, and now hurry up to take the opportunity to expand capital." Different from Ruan Yuan's worries, Wang Lin is more concerned about Zheng Fan's operation ideas.

"Taking this step, it can really be regarded as an overseas expansion, although compared with those international gold brokers, dealers, as well as central banks, commercial banks, and investment institutions, Dafu Bank is still quite small, but as long as we dare to try, we may not have the opportunity to gradually rise." Zheng Fan smiled and comforted Ruan Yuan's three daughters.

"With the existing funds of Tafook Bank, if you want to fight overseas, I am afraid that you are not even a baby who has just learned to walk." Ruan Yuan muttered silently in her heart, afraid that once Dafu Bank suffered an accident, she would face a situation of unemployment.

It was only then that Ruan Yuan realized that it was really not so easy to work for an aggressive investment institution.

Zheng Fan was already sitting in front of the computer and began to observe the trend of the London gold futures contract, with anticipation and excitement for the upcoming contact with many international capital predators.

"Pay attention to the price changes on the disk, as well as the order process, and once it starts to operate later, you three traders are the key leading force in the proprietary trading of Tatfook Bank." Zheng Fan was proficient in the account operation process, and even took the time to try the stability of the electronic disk and changed the account password.

(The second update will be sent.) )