"Chairman, the person recruited in the business conference room downstairs has been waiting for a while." The glass door of the self-operated department was opened by Chen Min.

"I hope you can call me boss more than the chairman." Zheng Fan looked at it with a smile, and Chang Xu, who was sitting in front of the computer, sent a few people.

"Are you going to call Wang Lin in?"

Because the self-operated center is a glass partition, Qin Yan can naturally see Wang Lin standing outside.

"You can go down the curls, and if you can't wait, just let them go." Zheng Fan nodded slightly and explained to the woman in charge of manpower.

"When is the boss going down?"

Regarding Zheng Fan's thoughts, Chen Min was a little unsure.

"When the market closes at noon, I'll go down again, and a group of people will be eliminated at that time." Zheng Fan smiled faintly, as if he had already made up his mind a long time ago.

Chen Min got a reply, and when he left the self-operated center, Wang Lin had already been led in by Qin Yan.

"If you don't leave, don't look at it, just help out." For the aggrieved Wang Lin, Zheng Fan was somewhat helpless.

"Do you really want to operate?"

Wang Lin's beautiful eyes lit up, as if she keenly smelled an opportunity.

Unlike Chang Lao, Qin Yan is very clear about Wang Lin's wealth fans.

Time passed slowly, because of the communication between Zheng Fan and Chang Xufa, half an hour had passed since the opening of the Hang Seng Index.

"If you want to enter the market to operate, ten minutes after the opening of the market, it should be the best time, and now it's half past ten, he won't still want to enter the market, right?" Luo Hong, a thick-lipped woman, couldn't help but have some doubts about Zheng Fan's entry into the scene.

"Why did the offer stop?"

Zheng Fan smoked his cigar slowly, and the whole person seemed to fall silent.

"It's coming."

Unlike others, Wang Lin felt the change in Zheng Fan's mood and seemed very nervous.

When it comes to making plates, I'm afraid Qin Yan doesn't know Zheng Fan as well as Wang Lin.

"After the Hang Seng Index fell after the opening, most of the first half hour of the market maintained a low-level consolidation trend, and is now at 11,250 points, a decline of more than 1% from the previous trading day." Ji Keying's voice was slightly amplified.

"What do you want to do?"

Finding that Zheng Fan's speed of wiping his eyelids was unusually slow, Wang Lin couldn't help but ask.

"Chang Lao, let's talk about the situation of the period."

Zheng Fan smiled deeply, the five fingers of his right hand kept fluctuating, and he gestured to the old man.

"The Hang Seng Index is an indicator of changes in Hong Kong's blue-chip stocks, and the index is calculated using the weighted capital market value method, and the index has a total of 33 constituent stocks......" Before the old man could finish speaking, he was interrupted by Zheng Fan shaking his head.

"If you don't understand, it's useless for you to introduce so much, I'm asking you to talk about the situation of futures trading." Zheng Fan's expression was blank and unsmiling.

"The current month's futures index, that is, the September futures index, is currently at 11,180 points, according to the Hang Seng Index spot discount of 70 points, long and short positions of about 250,000 pieces, October, December futures index is also showing a discount trend, of which the October futures index is the largest, reaching about 500,000 pieces, as for the March index next year, it is too far away, at least the short-term operation value is not large." Chang Lao even doubted whether Zheng Fan, who came from the mainland, understood the basic situation of stock index futures.

"It should belong to the category of futures, but this kind of index futures seems to be very different from commodity futures." Not only Qin Yan and Ye Qian, but even Wang Lin doesn't know much about futures trading.

"Now that the four-month futures index, Chang Lao thinks it's better to do which month." Zheng Fan's smile was very deep.

"It depends on whether it is long or short, if it is a long entry, in contrast, I think it is more stable to enter the October futures index, although the position is large, but the discount is also the most, even more than 100 points, and now it is the middle of the month, if you do the current month futures index contract, it is easy to be pressured from the end of the month delivery date." The old man hesitated slightly, worried that Zheng Fan would not understand the risks.

Because of the relationship between the previous Hang Seng Index investment report, Chang Xufa faintly had the speculation that Zheng Fan wanted to be long the Hang Seng Futures Index.

"Now the amount of funds in the proprietary department of Tatfook Bank is 523 million Hong Kong dollars, if you do the maximum opening position of Hang Seng Index futures, how much can it reach?" Zheng Fan asked with a smile, more like letting Qin Yan and the three daughters know in their hearts.

"We have a market seat in the Stock Exchange, if you operate the Hang Seng Index futures, the leverage can be expanded to 16 times, but if the amount of open positions is large, it is best to do 10 times the leverage at the moment, the fluctuation of each point of the Hang Seng Index futures, equivalent to 50 Hong Kong dollars, if we use the amount of 523 million funds in our proprietary department, do the Hang Seng Index 10 times the leverage of the opening position, almost can do about 9,300." The old man was quite conservative.

"It's not interesting to go small, if you want to do 16 times leverage, with our 523 million funds, if you expand with 16 times the leverage of stock index futures, you can even leverage more than 8 billion funds, divided by 50 Hong Kong dollars of the relative cash value of the point and each point, we can open positions on the futures index limit, almost 15,000 contracts." Zheng Fan said with a smile.

"It's too dangerous, once the margin of a single contract drops below eighty percent, it will be notified by the Stock Exchange to cover the position." The old man said with a look of surprise.

"September, October, and December futures contracts are all in a state of discount, and it seems that some of the main institutions in the futures index have strong expectations for the future decline of the Hang Seng Index!" Zheng Fan smiled playfully and did not discuss the risks of speculation.

"After all, the index has risen for more than a year, from 6900 to 11180 points now, the cumulative increase is not small, and there has been no deep adjustment, which will make short sellers expect a sharp decline one day." Luo Hong couldn't help but speak up.

"Will it really go down?"

Zheng Fan touched his chin and spoke, as if he was constantly speculating about something.

"Chairman, the time-sharing trend of the Hang Seng Index spot is about to go down." Ji Keying reminded Zheng Fan at the right time, as if she wanted to overturn his thoughts.

From Zheng Fan's words and expression, Wang Lin could see that if he operated, he would definitely have a basis.

"Last Friday night's U.S. stocks and European stocks, are doing well, it stands to reason that the Hang Seng Index should not be so weak today, not only is there no bad news in the market, but also announced the forecast for the third quarter of bank deposit and loan data, after the morning opened low, even resisted and did not resist." Zheng Fan squinted his eyes and smiled.

"The U.S. side reported an economic slowdown, in fact, it is bearish, it is estimated that the market is afraid that the U.S. stock market will open under pressure tonight, and today's Hong Kong bank deposit and loan data in the third quarter is good, but it is only a prediction, not enough to form a substantial bull." Although the old man reminded Zheng Fan, he was very concerned about the impact of the situation on the Hang Seng Index.

"I took a look at the news before, the report of the slowdown in the U.S. economy was probably in the middle of the night last Friday Hong Kong time, and there is still a long time before the U.S. stock market closes. Zheng Fan smiled with a deep smile in his eyes.

"This monster is staring at the Hong Kong stock market, it shouldn't be a day or two, and it seems to be a coincidence, but it is likely to have been carefully calculated and scrutinized." Wang Lin was a little excited in her heart, but she wasn't sure if Zheng Fan could give her another chance.

"Boss~~~ What do you mean ......"

Luo Hong seemed a little uncomfortable with the rustic title of the boss.

"First of all, let's talk about the current U.S. stock market, as the U.S. stock market continues to rise, but the interest rate of the U.S. dollar has not been raised, which will play a very obvious supporting role in the Hang Seng Index, and the appreciation of the U.S. dollar is also a factor that cannot be ignored, maybe you Hong Kong people can't feel it, but I came from the mainland, and now the exchange ratio between the U.S. dollar and the renminbi has even reached 1 to 8.3, and even 8.6, Hong Kong assets linked to the U.S. dollar, because of the appreciation of the U.S. dollar, will be chased by overseas funds." Zheng Fan's laughter touched Luo Hong's sensitive nerves.

"Is that why you're bullish on the future of the Hang Seng Index?" The thick-lipped woman glanced at Zheng Fan deeply.

"It's just part of the factor, with the mainland exercising sovereignty over Hong Kong next year, if investors do not have full confidence, the rise of the Hang Seng Index will not continue until now, Hong Kong as one of the international financial centers, the status and role of mainland capital fund-raising, will gradually emerge, especially in the context of the continuous integration of the economy of China and Hong Kong, Hong Kong as the mainland capital market offshore fund-raising center The trend is becoming more and more obvious, and this attraction is almost irresistible." While Zheng Fan observed the large electronic screen, he said lightly.

"The capital side of Hong Kong's capital market is indeed changing, and it is much looser than before." Although Luo Hong does not fully agree with Zheng Fan's statement, she has to admit that it is supported by data.

"If the dollar appreciates, interest rates remain unchanged, and the U.S. economic growth is slowing down, a lot of funds in the Western market, in the absence of investment opportunities, will pour into places with good economic conditions, with the mainland's reform and opening up to achieve results, Hong Kong, a rising financial center, will definitely become the vanguard of development, look at it, the inflow of hot money, now is just the beginning, at least can support the follow-up of the Hang Seng Index bull market." Zheng Fan is obviously positioning the Hang Seng Index and the trend in the future.

"In the matter of Hong Kong's return, it still takes time to verify, and the current decline of the Hang Seng Index, if it is not because of the impact of the economic slowdown reported by the United States, it is also very likely that the cumulative increase is too large, and a drastic adjustment is needed." Different from the Hang Seng Index investment report written, for the sake of Zheng Fan's interests, Chang Lao seemed very conservative at this time.

"Having said that, in my impression, mainlanders don't seem to know much about the capital market, except for those state-owned enterprises with a lot of stupid money, as individual investors, this is the first time that they have come out to Hong Kong to buy privatized banks." Luo Hong thought secretly.

(The second update will be sent.) ）