"The key point of conflict is the disagreement on the perception of Qingyuan Securities' stock credit trading, using stocks as collateral to issue special corporate bonds, each country has its own regulations, and the Korean judicial and financial circles are somewhat cautious about this matter. Pen "Fun" Pavilion www.biquge.info"

Sitting in the office, Lei Hao listened to Ye Liu's analysis, he knew how the South Korean Qingyuan Securities case would be judged and which way he would go in the end, but he wanted to know more about the current situation.

Whether the credit transaction of stocks is compliant or not depends entirely on the laws of the country.

Financial institutions use stocks as collateral to issue corporate bonds, and then use these bonds as wealth management products to sell to investors, but with 100 yuan of collateral, you can't issue 100 yuan bonds, and moreover, there are also regulations on the debt ratio of enterprises, so the risk does not seem to be large.

My company's assets are 100 million, the debt ratio is very low, I hold a total of 30 million shares of some large enterprises that have been stable for several years, and I use them all to make quasi-mortgage loans, and it is difficult to bear a debt of 20 million, but it should not be difficult to borrow 10 million.

However, the self-operated behavior of Qingyuan Securities' securities holding is to take the path of asset management in issuing bonds, turning loans into bonds and bonds into wealth management products, which are not included in the balance sheet, and just like shadow banking, the debts disappear.

And then...... The prosecutor of South Korea's Niu Detian said no, and directly filed a lawsuit against Qingyuan Securities, requiring them to hand over the documents and stand trial.

If you don't have any debts on the balance sheet, wouldn't it mean that if you use 10 million stocks to borrow a few million, you can use those millions to make another amount of money, and after a few times, you will find that the money has been put into the stock market.

If everyone plays like this, then it will be worth it, how high the leverage of the securities market is.

So the disciplined South Korean prosecutors insisted that Qingwon Securities violated the law, demanded that they stop such behavior, and asked the court to convict them.

But everyone knows that this is a confrontation between the financial and judicial circles, and as long as this model works, how much money can the Korean financial community make?

A Cheongwon Securities can only get 18 billion won (almost less than 100 million US dollars) at most, and a financial circle can get 18 billion US dollars casually.

Moreover, borrowing money from stocks to buy stocks, isn't this financing? What's too much?

Financial institutions take stocks to lend money out and invest in the securities market again, which will promote the rise in securities prices, and the price of securities will rise, which means that bonds are completely risk-free, and the original 100 yuan of stocks will be lent 50 yuan, and when the system continues, the stocks will rise to 110 yuan or 120 yuan, and the risk will be reduced.

Even if it is not used to invest in the securities market and put it to the industry, it is still to support economic development, and stocks will still rise.

However, smart people know that this is going to send inflation soaring, and if you go on the issue, you see, hey, the South Korean government said last month that it was going to try to get inflation to 2% this year.

"South Korea's prosecutors have some insightful people, and they dare to impeach even the president, and the financial circle may not be able to suppress it." Ye Liu said his opinion.

"But the South Korean stock market has risen amid controversy during this time." Lei Hao said with a smile.

Yes, as long as there is a chance, the stock market will respond to the corresponding variables, and the variables are reflected in the stock market, that is, the price, and when the results come out, then the rise will rise, and the fall will fall, which is the financial market.

"Speaking of which, the stick is also being pressed." Lei Hao showed another smile on his face.

The demand for the appreciation of the US dollar is high, China is promoting financial marketization, and the Japanese side is about to come out...... A series of financial events, coupled with conflicts between South Korea and China, Russia and other neighboring countries, led to economic sluggishness, and they are very worried about the rapid outflow of funds, so an appropriate inflation rate must be guaranteed.

Lei Hao doesn't need to think much about it to know how injured a South Korean stock market with a foreign capital holding ratio of nearly 35% will be when funds flow out.

In this case, people in South Korea's financial circles say that they want to play with fire, they want to exploit the people, and if they succeed in controlling the situation, they can make the economy run healthily, and there is a glimmer of success.

"But the financial market is a complicated thing, and the acquittal of Cheongwon Securities will not necessarily cause the stock market to rise, and some people may liquidate their positions and turn around to invest in areas such as fixed assets, and besides, if the value of the won rises more than the expected investment returns, this is another point to consider......

Lei Hao has various variables in his mind, the foreign exchange reserves of the entire South Korea are less than 400 billion US dollars, and he has 20 billion in his hands, plus the amount of capital driven, it is difficult to move.

Margin financing and securities lending have always existed, capital allocation and shadow banking have always existed, and the Korean financial circle is currently only revealing a possible direction, and those who stupidly rush into it will either make a lot of money or will be eaten to the point that there are no bones left, which is a normal financial market.

"It's a pity, I have to make it fluctuate!" A strong light flashed in Lei Hao's eyes.

At the current level, Lei Hao not only sees whether to make money or not, but also takes into account the overall situation, South Korea, Japan and the United States wear a pair of pants, and China can only let private institutions stretch out their tentacles first when the Asian BRICS Bank is struggling.

Lei Hao is well aware that as long as the Asian Investment Bank, which is similar to the Asian BRICS Bank, makes a move, he will be greeted by a series of financial market encounters, and he is on the defensive.

However, must it be defended? Archimedes said that if I give me a fulcrum, I will pry the whole earth, Lei Hao dared to say, give me a chance, I can take South Korea down first! Take the profits, turn the gun, and aim at the challenges that are about to collide.

"The most important thing," Lei Hao thought silently: "It's a bastard to have money and not make money, the financial market, as long as you keep winning, it's right!" ”

"The funds in the international market will be exchanged for won one after another, and the accounts in the Korean market will be entered."

"Tell Leo that I don't want to see my money depreciate due to exchange rate fluctuations, and I should hedge my risk with the exchange rate."

"The money is kept for the time being, I still need to look at it for a few more days to inform Hanlong, Qingyu, as well as HSBC and Keda, which are interested in participating in the Asian Financial Investment Bank project...... Before we set up, we might be able to take a walk around the Korean market. ”

"As long as the Koreans dare to die, I dare to bury them!"

Lei Hao instructed Ye Liu and Li Yingfeng continuously, although he was not 100% sure that he would enter the Korean market, the preliminary preparations must be made.

Throughout the history of finance, which major financial event was not caused by the self-inflicted death of those economies? But if you look at it from the other side's point of view, you will find that they are just trying to fight for the possibility of further development, they are just confident that they can control the situation.

Huge capital flows to the Korean market......