Monday, November 6th, noon. Pen % fun % Pavilion www.biquge.info

The securities market is cloudy and rainy, and the impact of victory and defeat needs time to ferment, Lei Hao thinks that the Thai side has opened up the situation, and he can withdraw from it, but another thing is to slowly unveil the curtain.

"If there is no accident, the ASEAN exchanges will be renamed the ASEAN Stock Exchange at the beginning of next year, and the 10 ASEAN countries will integrate the securities market, and the Thai securities market should be a market that connects to the platform of the ASEAN Stock Exchange." In Lei Hao's office, Kun Yu is open and honest.

Even the People's Bank of China (PBOC) has not been sure whether the news is true or not, but Kun Yu said, "Can Mr. Lei understand the political stance of the 10 ASEAN countries?" Proceeding from the alliance, we can only adopt a strategy of balancing the great powers. ”

Lei Hao felt that all kinds of information in his mind were flowing rapidly.

The geographical location of the 10 ASEAN countries is very good, and it can almost be said to be the heart of the Asia-Pacific region, but ASEAN is a weak chicken militarily, and any major country in the world can win in a war, so the strategy of balancing the major powers is a principled political position.

Lei Hao can understand this, Thailand is now close to China, but it does not mean that they completely kneel down and shout "Chinese Dad", they also have to insist on their own interests.

The ASEAN stock exchange, just like China's financial marketization, has been shouted for many years, but it has not been able to make a final decision.

The most paradoxical clause is the free flow of capital, that is, if Thunder holds bonds in Thailand, after selling them directly, the funds can be injected into the securities markets of other ASEAN countries.

This is of course ecstatic for Singapore, but it is difficult for Thailand to accept, Singapore's capital market and the outside world are too smooth, smooth to the same as no restrictions, as for Brunei, Myanmar, Laos and Cambodia, it does not matter, the four countries together are less than ten listed stocks.

Singapore, Malaysia and Thailand have different opinions, and the more India and the Philippines say that they need to be discussed, and the matter has dragged on until now, and there has been no shadow, and various forces have taken action one after another, and the swords and swords and swords and the fierceness of the debate are not enough for outsiders.

"No, it's November, if the ASEAN Stock Exchange is going to be established, I should be able to get the news, why isn't there a shadow?" Lei Hao was puzzled in his heart, "It may be possible for the G10 to keep it strictly secret, but ...... I didn't get a message, which means that something is going to change. ”

"But from a strategic point of view, it's no wonder that Governor Wang is rushing to let Chinese-funded institutions go global." A smile appeared at the corner of Lei Hao's mouth.

Although we don't know what the specific rules will be, this group of ASEAN companies dares to set up a federation-type stock exchange, but they really have a lot of courage.

If you do it well, of course, it will be a thousand years of work, and if you don't do it well, you will be guilty, but no matter which side it is, this is a matter of both opportunities and challenges.

"We are interested in connecting with more markets, including China and India." Kunyu dropped another big bomb.

Lei Hao immediately knew why this matter was delayed, if he took too big a step, he would pull the egg.

"My personal opinion is that this matter needs to be discussed a little bit, and the capital market in India is ...... You should know that their index is unhealthy, and that is definitely a barrel of dynamite. Lei Hao analyzed: "If you say about China, I can only say that my motherland is very rich, and the capital markets of South Korea and Japan also exceed those of ASEAN." ”

"But it's an opportunity." Kun Yu looked at Lei Hao and finally regained some self-confidence.

No matter how powerful you are, you are only a leader of a financial institution, and I Kunyu am a person who can influence the financial order of ASEAN, and we even have the intention of peeking into the world's financial markets.

Lei Hao was a little silent, but he didn't have the idea of laughing at the other party's incompetence in his heart.

"In the financial circle, no one can underestimate anyone." Thinking of this with self-deprecation, Lei Hao felt his brain swell a little.

Global economic integration and regional economic integration are objective development directions, and after the collapse of the Bretton Woods system, the dollar no longer has the obligation to exchange for gold, economists began to throw out various assumptions.

At present, the most promising one is a combination of the theories of the Chicago School of Economics and the theory of the Keynesian School of Economics.

The Chicago School of Economics believes that there should be a market of complete free competition, and the Keynesians believe that the government should intervene completely, and the combination of the two is to create an economic system that is full of competition and allows the government to intervene.

The idea of establishing a world financial exchange was raised, that is, to establish an exchange in which stocks, options, futures, foreign exchange, gold, oil, and other things from all over the world were traded.

I sell stocks in the China section, and within the scope of China's permission, I directly exchange the RMB I get into Thai baht, and then I go to the Thailand section to buy stocks, and even use them to buy and sell any financial products in any country, which seems to be quite a beautiful thing.

But Lei Hao knows very well that the establishment of a "financial United Nations" is a cost-effective way for any country to hand over part of the right to supervise financial activities in exchange for an organization of world financial integration? A lot of people don't think it's a good deal, so there's basically no chance of things going through.

When Lei Hao saw Kun Yu's shining eyes, he understood that the other party might be eyeing this impossible goal.

"No country, no economy, can do that." Lei Hao knew this very well.

The United States can't do it, China can't do it, Europe can't, why can't you, ASEAN? Just because of your great power balancing strategy?

Not the World Monetary Fund, not the World Bank, not any international financial organization, your ASEAN stock exchange, which has not yet been established? Together, you can be the eighth largest market capitalization in the world?

There is no difference between a person who has no dreams and a salted fish, but dreams are far from twin brothers, Lei Hao admires people like Kunyu, but he doesn't think that the other party has the possibility of success, or ...... There is no possibility of success for tens or hundreds of years.

A grand alliance of a global nature is impossible, but what about a regional one? Lei Hao thought of many things, from the establishment of Thunder, to the rise of Thunder, to the layout of assets, to the strategic requirements of superiors, and then to why the resistance to entering the Thai securities market is so huge.

"Why did Kunyu talk to me about this?" Lei Hao continued to diverge his thinking: "From the perspective of Thunder, I definitely support global financial integration, even if it is only a regional exchange, it is a great opportunity for me, so I definitely support this matter." ”

"So ......" Lei Hao stopped his eyes on Kun Yu: "He is in trouble and wants to ask me for help!" ”

Lei Hao suddenly realized that what he might be involved in next was a very important event in the financial history of Asia, the Asia-Pacific region, and even the world.