Chapter 264: Substitution

The atmosphere in the self-operated department of Dafu Bank was depressing, and seeing Zheng Fan spraying the blonde girl Ji'er, Luo Hong and the others didn't dare to breathe. Pen, fun, pavilion www. biquge。 info

"Hehe, Harry is gone, I'm really a little uncomfortable, and I didn't ask him how he is doing, there should be a connection between you, right?" Zheng Fan was like a king who changed his face, and asked with a smile to Luo Hong and the others.

"He seems to have gone to the Hong Kong branch of Citibank, and the president over there has also changed, the former president Cole was transferred to San Francisco, and now the person in charge of the Hong Kong branch of Citibank is no stranger to the boss." Ji'er's psychological quality is quite strong, and after being subjected to Zheng Fan's hair dryer, she acted like no one else in front of Luo Hong and others, and said what she had to say.

"Is the current president of the Hong Kong branch Di Liya?"

Regarding the embarrassment of Luo Hong and others, as well as Ji'er's gesture, Zheng Fan did not have the slightest surprise.

"Yes, it's her, I even suspect that our acquisition of New York Life, the rise in the shares of related groups, is also from her hand." Ji'er cleared up the relationship and wanted to confirm that she didn't do it.

"Speaking of which, Harry went to Citibank, which is a good place." Zheng Fan smiled, and did not mean to delve into it.

"If Harry hadn't jumped out of Tafook Bank, he would have been able to get into Citibank, and now that Delia is the new president, I don't know what to do with him." Ji'er said with a look of disdain.

"You're wrong, Harry is really visionary, it's just that his talents are not suitable for use in the Dafu Bank." Zheng Fan's statement surprised Luo Hong and others.

"Boss, in fact, investing in technology companies, now is indeed a better opportunity, with the rise of Microsoft and IBM and other traditional technology companies, the United States NASDAQ market technology companies, has been the focus of many venture capital institutions, I believe that the explosive growth of many technology companies, is not comparable to other industries at all, and according to some research data, even Microsoft has come out of the technology companies, the future still has a strong room for growth and expansion." Although Erica?? Evelyn is in charge of the general services department of the holding company, but she has a good understanding of the development trend of the international mainstream industry as a former manager of the Jaguar Fund.

"That's true, since I'm optimistic about the stocks of technology companies, I can use the provident fund situation to buy some shares of technology companies for your executives and employees, which can be regarded as a relatively generous benefit." Zheng Fan smiled at everyone.

"Will we keep Tafook Bank privatized and replace the options and benefits created by large international companies for employees with shares in other tech companies?" Ji Er looked a little surprised, and she couldn't tell whether she was happy or worried.

"Since the boss is also optimistic about technology-based listed companies, why doesn't Tatfook Bank invest in it?" Luo Hong's inquiry only made Zheng Fan shake his head.

"Okay, I'll do a provident fund investment plan when I go back, and I hope to rely on the boss's investment ability to help you invest in a technology stock with good returns." Seeing that Zheng Fan didn't say anything more, Ji'er nodded, agreeing with his idea.

"The boss came from the battalion today, is there any operation?" For Zheng Fan sitting in front of a computer in the corner, Luo Hong couldn't help but ask.

"The Hang Seng Index has maintained an upward trend these days and has gone quite strongly." Liu Mingxuan subconsciously felt that Zheng Fan summoned everyone to the self-management department during the day, which may be related to the Hang Seng Index.

Especially seeing that it has not been long since the opening of the Hang Seng Index at ten o'clock in the morning, Luo Hong and others dare not relax in the slightest.

"Does anyone think it's feasible to bury the Hang Seng Index futures contract?"

The computer where Zheng Fan was sitting, because his back was facing everyone's sight, even his expression was blocked.

"Two days ago, the major investment banks have released Asian economic reports, giving a high evaluation of economic growth, at this time, if you are shorting the Hong Kong stock market, it seems that it is not a good time, but the prospects of the European and American economies are not very optimistic." Luo Hong was a little hesitant to short the stock market.

"Is it so quick to get on the show? I believe in the research reports of major investment banks, I am afraid that I don't know how to die, saying that people are also it, saying that ghosts are also it, once the wind direction is wrong, these investment banks are afraid that they will change their faces faster than anyone else. Zheng Fan took a sip of the tea handed by Huixiang Yoshii and said with a smile.

"Since the United States released economic data is not ideal, even if the interest rate cut is subsequent, there is no sign of a strong reversal in the short term, and now many international investment funds have a tendency to shift to Asia, and the opening of Hong Kong's financial market is a very good investment channel for Western investment funds to share the high growth of the Asian economy." Ji'er also seems to be bullish on the Hong Kong stock market.

"When the time comes, we will investigate the movement of Western funds that have invested a large scale in the Hong Kong capital market. Zheng Fan smiled a little meaningfully.

"I don't think so, there are rumors in the capital market that the operation methods of our Dafu Bank are very similar to hedge funds, which are speculative models that make full use of the leverage of various financial derivatives and take high risks to pursue high returns." Ji Er smiled and revealed the gossip to Zheng Fan.

"That's really looking up to our Dafu Bank, it is undeniable that hedge funds have gradually lost their initial risk hedging connotation after decades of evolution, and some have become vain, but there is a little tradition, hedge funds have always adhered to, that is, their highly leveraged speculation, but also based on the latest investment theory, and very complex financial market operation skills, compared with the hedge fund arbitrage model, the operation of our Dafu Bank, or a lot rougher." Zheng Fan shook his head and smiled.

"Indeed, in recent years, the investment activities of the international financial market have become more and more complex, and all kinds of futures, options, swaps and other financial derivatives have gradually become the main operating tools of hedge funds, and these derivatives are designed to hedge risks, but because of their low-cost, high-risk, and high-return characteristics, they have been a powerful help for many modern hedge funds to speculate!" Liu Mingxuan thought for a while.

"Today's hedge funds are all equipped with complex portfolio design of these financial instruments, invest according to market forecasts, obtain excess returns when the forecast is accurate, or take advantage of short-term market fluctuations, and then generate unbalanced design strategies to earn the difference when the market returns to normal, and the formula returns are very stable, but I don't know whether the complex arbitrage model of hedge funds is worth our reference." Luo Hong also seemed very sensitive.

"Although the models of private placement of funds raised by Tatfook Bank and hedge funds are still different, they both have a high degree of concealment and flexibility in operation, as well as leverage effect, and it is not unreasonable to say that we are like hedge funds." Ji Er looked at Zheng Fan with a smile.

"We are a bank, and we can't engage in the complex arbitrage model of hedge funds, but when it comes to the model of hedge funds, it is worth our reference by repeatedly pledging securities assets, borrowing with extremely high leverage, and expanding the investment principal several times or even dozens of times on the basis of its original capital, so as to achieve the maximum return goal." Zheng Fan thought about it, and it seemed that the amount of operating funds of Dafu Bank at the moment could not satisfy his hunger and thirst.

"After the sale of New York Life's equity, there are only a few real estate properties in Tatfook Bank, and even if they are pledged to other banks, they can't get a few dollars." Liu Mingxuan said dryly.

"What does the boss mean?"

Only the blonde girl Ji'er seems to have realized something.

"If we take the route of borrowing leveraged equity pledges, it is a good opportunity to expand the strength of the bank, and when the opportunity is ripe, we can acquire some bank shares in the western capital market, which not only solves the problem of bank expansion, but also does not have any impact on the principal of capital operation." Zheng Fan replied with a smile.

"When is the boss's so-called opportunity ripe? And I don't quite understand why we focus on the Western capital market, as far as I know, even some well-known international investment banks are listed on the Hong Kong Stock Exchange, and we can make acquisitions in the Hong Kong capital market, which can be more convenient. Ji'er was slightly puzzled.

"Although Hong Kong can be regarded as one of the Asian financial centers, but compared with the European and American capital markets, there are still some gaps, and with the rapid growth of the Asian economy in recent years, the bubble of the Hong Kong stock market is gradually blowing bigger and bigger, and the prices of many stocks even exceed the European and American stock market listing targets. Although what Zheng Fan said was clear, it made everyone in the self-management department a little different.

"Bubbles?"

Luo Hong only felt that Zheng Fan had a strong sense of vigilance for the next economic development of Hong Kong and even Asia.

"As for the timing I said, it is estimated that it will not be too late after a few more capital operations, because now not only the Hong Kong stock market is rising, but also the European and American stock markets are also rising, the later we enter the acquisition, the higher our cost will be, and once the issue of equity pledge is involved, in the case of high-cost holdings, once the pledge stock price falls sharply, the pressure will be great." Zheng Fan's thinking is extremely clear.

"In the end, do you still invest in the equity of other banks instead of the construction and expansion of the main branches of Tatfook Bank? But even so, it can be regarded as a solid step, which is better than putting it off all the time, but I don't know which one he will target when it comes to the choice of bank equity. Ji'er finally breathed a sigh of relief.

"Suzu~~~"

At ten o'clock in the morning, the opening bell of the Hang Seng Index rang on time in the proprietary department of Dafu Bank, and everyone who couldn't guess Zheng Fan's true thoughts immediately looked at the electronic screen and tried to get as much information as possible about the opening of the Hang Seng Index.

(The second update will be sent.) )