Lei Hao asked how much money was available, of course, it was not that he was not clear about the distribution of his assets, but that his subordinates needed to give a figure after measuring. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

Financial investment is leveraged, and the distribution of funds is more complicated, such as Tao Liyu and Xiang Yongze, when they reported to Lei Hao, they could no longer specifically tell the capital occupation of each underlying security, although there was a statement, Lei Hao would not look at it.

Therefore, the detailed situation is only clear to the person in charge of the specific project, and Lei Hao can know it at any time, but he doesn't need to know, point out the direction and ask questions, and naturally his subordinates will answer them for him.

"Renminbi?" Among the funds of the Thunder Group, there are several currencies alone, and Xiang Yongze, the vice president, is relatively clear about the data, but he can only ask first: "Mainland or Asia-Pacific?" There are also some differences between the head office and the branch office. ”

"In the mainland, the Shibor Asia-Pacific group of people don't hedge against us." Lei Hao said with a smile.

Last night he asked the people in the research and analysis department to work on the situation of shibor, and it doesn't matter if he points it out now, anyway, everyone is a little mentally prepared.

"If it doesn't affect the original project, 1 billion, if you raise the leverage of the project and withdraw funds, 2 billion is not difficult, and if it is more, the risk control department will ......" looked at Luo Ziyang, who had not spoken, and fell silent.

Luo Ziyang sat in his position, his temples were jumping and jumping, was he satisfied with Lei Hao? Of course satisfied.

Although Lei Hao was in conflict with the risk control department when he invested, he won every time, Luo Ziyang often experienced the steps of being reprimanded by the regulatory department, and then slapped back in the face after the results appeared, and performed a drama of falling in love and killing each other.

As a subordinate, Luo Ziyang can only say that this kind of life is too exciting.

Luo Ziyang is not only Lei Hao's subordinate, he is also Lei Hao's "father-in-law", and Qiu Yuting was raised by him as a daughter.

Lei Hao has achievements, Luo Ziyang is of course happy, that is, ...... It's not good to play with a snack every time.

"Case-by-case analysis." Luo Ziyang said sullenly, not showing any attitude, but he didn't object, in fact, he agreed.

The participants couldn't help laughing, the father-in-law was in charge of risk control, and the son-in-law was the boss, one was as stable as Mount Tai and the other was like a tiger down the mountain, but the latter was not at fault, which was very embarrassing.

Fortunately, everyone is also accustomed to the invisible "confrontation" between these two people, and they will expose this matter with a smile, and Lei Hao raised the topic of discussing the investment direction, Su Yiwen and others heard the strings and knew the elegant meaning, and directly asked the matter clearly, leaving room for Lei Hao and other people in the investment department to talk.

When everyone was almost gone, Lei Hao looked at the few people sitting in the conference room, a little in a trance.

Yu Rong, Zhou Junyun, Xiang Yongze, Tao Liyu, Xia Yibei, Zhao Lichen...... The old employees of Yishui are only in the early years of the year, but everyone seems to have experienced half a century, and the foundation of Thunder is the help of this group of people.

"How many people saw the message I sent last night?" The small conference room was more casual, Lei Hao spoke more casually, and Yu Rong's group did not dare to slack off.

Every email from Lei Hao is a holy decree to the people of the Thunder Group, especially to the people in the investment department of the Thunder Group, and the old subordinates who have experienced many projects attach more importance to it.

Why do big guys stare at dark circles? It's not because I read the documents too late last night.

After hearing Lei Hao's inquiry, in Yu Rong's unrighteous chatter, everyone projected their eyes on the research and analysis department.

"Ahem, I'll say a few words." Yu Rong was speechless, but he was in charge of the research and analysis department, and he didn't take the lead? Who's on?

"At present, the one-month SHIBOR is 4.7530%, and the 3-month, 6-month, 9-month and one-year SHIBOR is relatively normal, above 3%, but the overnight call rate is 2.0140%, 2.280% for 1 week, and 2.985% for 2 weeks......

"The 3-month, 6-month, 9-month and one-year SHIBOR is lower than the 3-week to 5-week SHIBOR and the inversion is obvious, suggesting that banks are all pricing in a cash shortage between the third and fifth weeks."

"The phenomenon of mis-payment of funds is obvious, but what we must know is that at this time, the central bank will take action, and the market estimates that after the central bank releases hundreds to 100 billion temporary liquidity, SHIBOR will be slightly lower than the current value, counting the risk variable that the central bank does not inject liquidity, this data seems normal."

Yu Rong is not a mediocre person, although he has the help of Lei Hao in the Thunder Management Research and Analysis Department, he also has two brushes, and all kinds of data and various situations come when he opens his mouth.

The data of Shibor, the so-called 2%, 3%, and 4%, are all annual interest rates, and there are two data, lending and borrowing, generally lending is slightly lower than borrowing, and the published data is the arithmetic average interest rate of the interbank offered rate.

For example, if you take out 1 million overnight, it is equivalent to earning 20,000 yuan a year, but you only borrow one day, so 20,000 divided by 365 days is your income.

If it is 2.5% a week, you will lend 1 million, which is equivalent to an annual interest rate of 20,005, divided by 365 and multiplied by 7, which is your income.

It seems that the number is very small, 1 million only earns a few dollars a day, the problem is that the base is large.

What was the volume of transactions in China's interbank market last year? The answer is more than 50 trillion!

Yes, 50 trillion! 50 trillion! 50 trillion!

Why so many? Because basically as long as the money flows once, it contributes to this number once.

The China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center, basically contributes to the total trading volume as long as it is a renminbi transaction.

Quite simply, banks of all sizes have to comply with the requirements of the reserve requirement ratio, 15%, which means that no matter how much deposit you take, you have to keep 15%, and the central bank pays interest on bank deposits, and the Fed does the same.

But do banks absorb deposits and keep money at a loss? Of course not, everyone should take out a loan or a loan, and the customer should use the card to consume or something, or as usual.

This leads to the question of what to do if the bank's funding position is insufficient, or exceeds 15%? In the interbank market, you have less than 10 billion? I have it, I'll lend it to you for a day or two, and in two days maybe my position will be in short supply.

At the end of each day, all banks must close their positions to ensure that your reserve requirement ratio (RRR) and other required data meet the requirements, otherwise...... Huh.

Therefore, the bank will not be passive because the 15% line is there, anyway, the market demand is like that, you get it, it means that there is a piece of meat missing, it means that other banks should have positions, and it means that you can flatten the position of the day in the interbank market.

The monetary issue is the final and most important financial issue, and the complexity is beyond imagination.

In short, SHIBOR data represents the liquidity and liquidity of China's financial market, and its ups and downs have a lot to do with it.

Yue Lang said

It is difficult to explain all of this kind of thing0.0 I am ready to say the main contradictions, try to write a plot that can be read, and the trillion units are not wrong, or not counting the trading volume of those bonds, otherwise, it will be even more exaggerated to talk about the interbank local currency market, hundreds of trillions...... The next chapter is later.