May 29 is the penultimate trading day of May, on this day, Nantou Company, CLP Holdings, and New World Department Store settled the transactions for May.

CLP Holdings and New World Department Store are both basic constituents of the Hang Seng Index, and in order to stabilize the stock price and control the rise and fall within a certain range, they need to make a part of the hedging investment in the stock.

If the stock rises, it will lead to some losses if you invest in futures in reverse proportion, but if the stock rises, it will naturally be able to make up for this part of the loss.

By sacrificing some of your interests, you can make your basic industry more stable.

Therefore, this type of investment is indispensable.

If you don't hedge your investment, allowing stocks to rise or fall is more dangerous in the future.

Moreover, this is only the good side, if the stock falls, the reverse hedge investment, then this part of the loss, can be compensated by the gains in the futures market.

So, this money, they give willingly.

This is also the main reason why so many long opponents make a lot of money when the economy is good, but there is no opponent who hates it.

If you are short when the economy is in a downturn, don't say that the opponent will not give you money, kill people, or even sue the Securities Commission directly, and cancel the position opening contract is a common thing.

If you want to make money by shorting, it is simply impossible.

For example, in the 2008 financial crisis, countless people saw this possibility, but except for a few speculators who shorted individual stocks, did anyone dare to speculate on the broader market?

No!

Because you dare to go short, your money can be frozen by the U.S. government, and not a penny will be given to you, or even put you in jail for economic disruption.

Soros once attacked the pound and Southeast Asia, and he also used a lot of money to buy the bottom, and began to encircle and suppress foreign exchange reserves half a year or even a year in advance.

Governments have to spend money to ensure the financial stability of their own countries.

Just open a position alone, and there is no fool to bet on you.

Because the biggest difference between futures and stocks is that you have to find a counterparty to sign a contract first, instead of being like stocks, you can go directly to the window and buy in the market.

The Hang Seng Index futures in May fluctuated little, rising steadily, and the capital market of 40 million yuan, Zhao Shanhe and they reaped about 3.2 million yuan.

After paying 3% of the stamp duty, the actual income is 3.1 million.

This fund was taken out by Zhao Shanhe and Xu Chen Aifen 1.1 million, and the remaining 2 million was signed through Dah Sing Bank, and signed a VAM agreement with Sun Hung Kai and the investment department of Cheung Kong Industrial.

They're not fools, they're buying short mainly because their own stock is rising, and I'm now taking out about 30 percent of the share to do the opposite, whether the stock goes up or down, I make money.

It's nothing more than a little less.

At the beginning of May, Zhao Shanhe spent all the money and took out 1.1 million points, also to send Ruan Mei to Dongying for treatment.

He received almost 780,000 yuan, which was enough for medical expenses.

The development between him and Ruan Mei was very smooth and calm, and the two of them did not have much closeness, not that Zhao Shanhe didn't want to, but that she was seriously ill.

In case he was too excited and had a heart attack, Zhao Shanhe was reluctant.

Ruan Mei is the kind of girl who is very intellectual and indifferent, she has been suffering from heart disease since she was a child, and she has never considered love and marriage at all.

Now after being with Zhao Shanhe, it is she who devotes herself wholeheartedly to enjoying this beauty that may disappear at any time.

However, after leaving Zhao Shanhe's side, she will soon calm down again, and the threat of her life disappearing at any time will make her only thin in her own small world.

Zhou Guowei sent Ruan Mei and Granny Cai to Dongying on behalf of Zhao Shanhe, who is now lacking in skills and cannot leave Xiangjiang at all in order to prepare for the World Championships and the Asian Games.

In the summer of '86, there was a lot of sports everywhere, and the most eye-catching thing was not the World Championships and the Asian Games, but the World Cup.

Today's streets of Xiangjiang are full of World Cup sports star signboards.

Zhao Shanhe only secretly envied when he saw it, because football is a group sport, and Xiangjiang's foundation is too poor, even if he trains with first-class skills, it is impossible to get good results in the game.

All he can pursue is individual sports.

Now, in addition to freestyle, he has also improved his breaststroke results, and by the time the World Championships are held in August, he will compete in all of these events.

To train for endurance, he now spends more than two hours a day training on shore and more than four hours in the pool.

The original three-person team now has six people, the coach is still Wilson, the assistant is Xia Yunfan, and he has one more nutritionist, one more spokesperson, and one liaison officer.

The expenses of these six people were all borne by the Sports Association, and Zhao Shanhe was only responsible for training.

However, in the future, 20% of the prize money Zhao Shanhe received through the competition, including endorsement fees, belongs to this team, which is equivalent to their bonus.

This money is actually not much at all, and the sports association does not take a single one, and there is another reward.

In developed countries and regions, especially in developed economies, the sports foundation is still poor, and the benefits are far more than those in backward areas.

Of course, Zhao Shanhe is not a simple athlete, he competes just to improve his reputation.

Whether it is the upper class of Xiangjiang now, or the future active in the world, there are several world champions, which can help him find common topics with all walks of life and integrate into it.

Just a simple investment businessman, no matter how rich he is, he will also face barriers.

The training was hard, but it was all worth it.

Moreover, he is also ready to devote himself to physique and swimming skills without expanding the space first, and then having another skill point.

According to the time, plus the fixed frequency of getting along with the little stammer, at most July, he will be able to accumulate enough points.

After Nguyen Mai and Granny Chai arrived in Dongying, they rented an apartment next to Fuzhong City, where the hospital is located. Ruan Mei was admitted to the hospital, and Granny Cai could cook in the apartment and take care of Ruan Mei's life.

Ruan Mei underwent a comprehensive examination, and there were several indicators in her body that were super high, and she needed to condition her body first.

At this stage, it takes a minimum of one or two months, or even more than three months.

Zhou Guowei arranged the hospital and hired a translator for students who knew Chinese to take care of their lives.

At the end of June, Zhao Shanhe accumulated enough energy points, converted energy points into skill points, and increased 0.2 on endurance, speed, and strength respectively.

His physical skills are now temporarily enough, and the remaining 0.4 points are all added to his swimming skills.

This increase also plugged Zhao Shanhe's last shortcoming, that is, his body was not fully developed, and his endurance was somewhat lacking.

Now after he swims 1,500 meters, the consumption is still not very large.

At the same time, his 100-meter freestyle speed increased by more than 0.1 seconds.

Today's world record is no longer Matt Biondi's 48.95 seconds, but Zhao Shanhe's record of 48.60 seconds set in the qualifying round.

Now, Zhao Shanhe has improved the record by 0.1 seconds, which means that even if the state of the day is not very good, there is room for mistakes.

Zhao Shanhe doesn't have much memory of the swimming record, but he only remembers that in his previous life, when his coach chatted with him, he said that the world records of 50 meters and 100 meters were held by Brazil's Ciellofero. They were 20.91 seconds and 46.91 seconds, but that was in '09.

Zhao Shanhe's current results have been able to win the championship stably, and now, he only needs to adjust his state according to the intensity of the game.

At the end of June, Zhao Shanhe gained even more this month, and the four contracts established contributed a total of nearly nine million to him.

By this time, his company's funds had exceeded 13 million, and he could be a small banker.

In early July, Zhao Shanhe was busy building long positions and looking for counterparties, and it was not until mid-July that all the funds were turned into contracts.

And this month, he was still busy with one thing, that is, he found a girls' college for Xiao Stammer and continued to go to school.

Located in Central, Hong Kong Island, this school is an affiliate of a ladies club that specializes in teaching women in food, clothing, housing and transportation, including personal improvement.

She, a scumbag, Zhao Shanhe, doesn't expect her to succeed in her studies, she has no interest in learning, she is interested in learning these things, and she can apply what she has learned after learning.

Anyway, in the future, it will be to take care of Zhao Shanhe, and he is willing to spend as much as he wants.

At the end of July, the first batch of contracts was automatically converted to October contracts, and at the same time, Zhao Shanhe received more than 60 million yuan at one time.

At this time, he reached a new VAM with New World Department Store and CLP Holdings on the contract format.

This will reduce some of Zhao Shanhe's returns, but it will allow the other party to adjust the hedging funds more calmly.

Futures contracts can be negotiated and settled, and in many cases, they will not be delivered exactly according to the contract.

It's a bit like being at a table, where I can add a little more chips, or reduce a few chips, and as long as both parties agree, the new scheme can be settled.

With 60 million funds in hand, Zhao Shanhe didn't have time to enjoy the joy of money, so he took his mother and little stammer, as well as his team, and arrived in Madrid from Xiangjiang.

This year's World Championships will be held at the Media Aquatics Centre in the north of Madrid, starting on August 13 and ending on August 23.

Zhao Shanhe shocked the world when he was in the qualifying round, and after arriving this time, he was enthusiastically sought after by the media.

From getting off the plane to every time he undergoes a medical check-up, the news will be published in the media.

The World Cup has come to an end, and the Asian Games Europeans and Americans don't care, and now he can be regarded as an up-and-coming newcomer.

He broke the monopoly of Europeans and Americans (mainly whites) on swimming, so that his recent news has been very hot.

And these fame also made him very popular in the hotel arranged by the organizing committee.