Kang Xuedong entrusted Chen Mo's investment to Jin Tianlin, and Jin Tianlin, as the commander in charge of the entire investment team, of course, could not handle it personally for Chen Mo's trivial matter. The monthly investment flow here in London exceeds hundreds of millions of dollars, and the investment of $20,000 is really a drop in the bucket. Therefore, he handed over the specific operation to Zhang Song to handle.

Chen Mo has not had the opportunity to get close to Zhang Song in the past two days, on the one hand, he is busy, and on the other hand, Zhang Song also has a girlfriend, and he has been to the two-person world of two people on the weekend.

Chen Mo gave his girlfriend a bottle of perfume purchased in France and a set of silverware purchased in Norway, which made him very satisfied. Therefore, on Monday, he also willingly took Chen Mo with him and began to go through the preliminary procedures for futures investment.

I took the company's bus to the inner city of London, which is usually known as the City of London. It is one of the thirty-two boroughs of Greater London, and from the east side of London's famous St Paul's Cathedral, there is a piece known as a square mile. Dense with buildings and narrow streets, it is not as dense as Manhattan in New York, but it has a steady, heavy architectural style and luxurious, atmospheric interior decoration.

It is home to hundreds of banks and other financial institutions, and is seen as a copy of Wall Street in London. Despite its small size, even smaller than Wall Street, the area is one of the largest economic centers in the world.

It is the world's largest foreign exchange market, the world's largest financial derivatives market, the world's largest clearing center, and the world's largest precious metals trading center. At the same time, it is also the world's second-largest oil trading market and the third-largest stock trading market, so it can be said that if the financial city sneezes, not only the UK will catch a cold, but the whole world will catch a cold.

Zhang Song took Chen Mo and an accountant to Credit Suisse, one of the investment guarantee banks of PetroChina, and transferred 25,000 US dollars to Chen Mo's personal account, and then entrusted Zhang Song to sign a guarantee agreement with Credit Suisse.

In the end, the company's commercial lawyer was called, and their agreement was notarized, and these formalities were completed.

It's very simple to say, but Lang Yufu didn't have this condition at the beginning, so he took a risk and cut off his life.

First of all, without Kang Xuedong's help, it would be difficult for Chen Mo to transfer the 200,000 yuan abroad. The entry and exit of more than 50,000 yuan must be supervised and approved by the State Administration of Foreign Exchange, and it is difficult for Chen Mo to obtain approval even if he invests.

Now, with the use of fund swaps, Chen Mo only needs to deposit 200,000 yuan into PetroChina's domestic account, and he can directly get the corresponding US dollars in PetroChina's overseas account, which can circumvent the supervision of the State Administration of Foreign Exchange. Although this kind of behavior is not so formal, it is only a trivial matter for the veterans of capital operation.

Secondly, by using the investment channels of PetroChina to invest, Chen Mo can avoid looking for a guarantee bank by himself, and a small customer like Chen Mo can only look for a smaller guarantee bank and accept more stringent conditions. Now, projects like Chen Mo, who open their own independent accounts and invest in their own projects, only need to pay a small part of the management fee to Credit Suisse.

The third convenience is the convenience of finding a gambling partner, a retail investor is easily ignored by other investors, because there is no credit history, Chen Mo has to pay a high guarantee, and the leverage ratio that can be obtained is also the lowest. But now, with a large guarantee bank, he doesn't even need to bother to build a position, because customers who belong to the same guarantee bank can meet Chen Mo's requirements.

At the same time, Chen Mo shares the channels of CNPC, and can even directly bet with CNPC. Because CNPC has always used the principle of hedging to regulate the futures market, so as to reduce the risk of operation.

CNPC always pays attention to the price fluctuations in the international market, when the price rises, they need to short, and when the price falls, they need to go long. And when its own operational risk increases, it will continue to intervene, so it may have to keep shorting, longing, and hedging in turn throughout the day.

Chen Mo's investment is a piece of cake for anyone, and he can even directly bet with PetroChina.

However, Chen Mo also knew that if his investment was a bet with PetroChina, it would be better to lose it, and if he won, it would bring a lot of trouble, so he insisted that Credit Suisse find a gambling customer other than PetroChina for him.

Another reason is that the term for self-investment is the options market, not the futures market. The options market is smaller than the futures market, because in the secondary market, it is mainly futures trading that occupies the lion's share.

Whether it is a large oil company, oil production and refining company, it needs physical transactions to meet its own needs. Therefore, their trading is also mainly based on futures. Like PetroChina, when the price of crude oil rises, they can make a profit in the process of rising crude oil, and reduce the cost increase in the refining process at one time. When the price of crude oil drops, they don't actually get too many discounts, and they get a little more in the refining process.

To put it simply, it is the rise of crude oil to make profits in the futures market, and the price of crude oil to make profits in the spot. So, what they need is futures operations.

But Chen Mo's request for spot is useless, and he will be really dumbfounded when he gets a crude oil from an oil tanker. Therefore, his trading is mainly based on options, which is commonly known as short buying and selling.

Therefore, although he used the channel of PetroChina to contact Credit Suisse, now he has to start to put aside PetroChina and go it alone, and he can't deal with PetroChina. However, his investment is too small, and Credit Suisse cannot arrange a trader for him for this transaction amount, so he still has to take his contract with PetroChina.

At this time, Zhang Song's role became important.

Zhang Song is just a very ordinary merchandiser, whose main role is to pay attention to the current affairs and price fluctuations of global crude oil at any time. He knows the market very well, but after all, he is a newcomer, so he is still very immature in decision-making. In other words, he is not yet qualified to make decisions, or even to participate in them.

Chen Mo's investment of 20,000 US dollars originally made him happy, thinking that it could give him a chance to prove his ability. But soon he was disappointed. Because Chen Mo's requirements are even stricter than those of the company, he not only did not hand over the investment rights to Credit Suisse, let alone to him, but firmly grasped the power in his own hands.

However, in terms of remuneration, Chen Mo is still very generous, he just helps him make a futures market price floating table every day, and notifies him of changes in time, and he gets a 3% profit reward.

It's just that Zhang Song didn't have much expectations for this, because he didn't believe at all that Chen Mo, a person who was not from a professional class at all, was not even a professional, how much money could he make, and even, Zhang Song was still suspicious, I am afraid that in a month, the money will be lost by him.

After completing all the formalities, Chen Mo quickly entered Credit Suisse's internal trading system. Credit Suisse, as a major broker, has hundreds of thousands of trading customers around the world, and Chen Mo established a three-month long warehouse receipt, through the internal computer system, quickly matched, and under the guarantee of Credit Suisse, the contract was signed.

With 20 times leverage, Chen Mo only needs to pay 5% of the margin to operate contracts up to $400,000. Of course, in order to be debt-free on the same day, he must also prepare a sum of money as a reserve.

The $25,000 was split into two accounts under Credit Suisse's supervision, a $20,000 account for trading and a $5,000 account for a reserve account.

Except for Chen Mo, who has the right to trade, Credit Suisse has the right to liquidate positions when the position is insufficient and Chen Mo has no follow-up funds coming in, and no one else has the right to operate.

Zhang Song's role should not be underestimated, although he does not have the right to trade, but he must always pay attention to market information, personal account capital information, and notify Chen Mo as soon as possible, it can be said that he is Chen Mo's personal investment consultant.

It's just that his role as an investment advisor was limited by Chen Mo, because Chen Mo wouldn't listen to him at all, but just regarded him as his eyes and ears in the UK.

Walking out of Credit Suisse's office in the financial city, Chen Mo let out a long sigh, he had already done everything he had to do, and now he was just waiting for the results. He is not the kind of investor with a lot of experience or keen talent, and all he can rely on is the memory that belongs to Lang Yufu.

Therefore, he will not deliver the contract indefinitely, but only needs to complete the performance of the contract at the most appropriate time. And this kind of investment, no matter how profitable, will only be considered a cause of luck, and will not be suspected of anything else.

If he keeps relying on his own memories to operate, anyone will be wary of him while marveling at his abilities. What's more, whether it is in stocks, foreign exchange or futures markets, there is no trader who wins every battle.

Warren Buffett, the king of investment, also has failed investments, the financial predator Soros has often lost the wheat city, and the short-term king Steinhardt has experienced countless investment failures, and they can become the top of the pyramid in their respective fields, relying not on more successes, but fewer failures.

Since he can't win in this industry all the time, then try to minimize the number of shots he makes, otherwise, it won't be long before no one becomes his opponent again. No one will sign a contract with themselves that they will lose, they can't find an opponent, and even if they want to make money in this industry, it is impossible.

(Today's second shift, I'm sorry, I overslept, so I kept everyone waiting.) Happy Holidays to all! ）