Of course, it is not that the other party loses a mess, because many institutions that buy short are simply to hedge their profits.

The use of futures to hedge risk is designed to mitigate the risk arising from price fluctuations in the underlying cash market.

This is what every financial company with underlying stocks in hand will do, reducing market risk.

For example, a financial company, or simply a listed company holds a constituent stock of the Hang Seng Index.

He sells a moderate amount of futures in the futures market, and once the stock price falls, although his stock holdings in the spot market lose money, because he sells the futures, the profit he makes in the futures market can make up for the loss in the stock market.

The opposite is the same, the futures index rises, and a part of the stock is shorted according to the proportion of the stock, although it reduces the profit, but it is more secure.

Therefore, this is also the reason why Zhao Shanhe must ask Dah Sing Bank to help them arrange a hedging finance company to sign a contract.

No matter how much money he earns from the other party here, the other party only loses a small head and makes a big profit.

If he signs a contract with a speculator, he may end up with no money at all.

Pulling Xu Chen Aifen is equivalent to double insurance.

However, Zhao Shanhe did not choose the highest leverage ratio, not because he had no confidence in the market, but because he could not resist the risk of volatility.

If the maximum leverage ratio is used, as long as it falls by three percent on the day, Zhao Shanhe and they will be liquidated.

At that time, he was collecting the main information for decades, and there was no basic change from day to day, so it was better to be on the safe side.

Hang Seng Index Futures are 50 constituent stocks, and the base amount of each contract is the index multiplied by 50 for that day.

is equal to the minimum one is 40,000 Hong Kong dollars, Zhao Shanhe and Xu Chen Aifen each invested 1 million Hong Kong dollars, a total of 2 million, using 20 times the leverage, you can sign a contract of 40 million.

In addition, one of them also took out 200,000 yuan, a total of 400,000 yuan as margin for margin call.

They invested the same amount of funds, but Zhao Shanhe accounted for seventy percent, while Xu Chen Aifen only accounted for thirty percent.

After investing this money, Zhao Shanhe is almost dry now.

However, Hang Seng Index futures are delivered once a month. The settlement date is the penultimate trading day of each month, and the settlement date is the last trading day of the month.

The contract is divided into four months, namely the current month, the next month, and the next two quarter months, the current is May, then the contract is divided into May HSI, June HSI, July HSI, and October HSI.

After the cash delivery of the May contract, the contract changes to the June, July, October, and December contracts, and then repeats the cycle.

So as long as the market does not change dramatically, at the end of the month, Zhao Shanhe will be able to see the money back.

Coming out of the trading center, they returned to a lounge upstairs at Dah Sing Bank, which was Mr. Xu's personal room, where he sometimes rested when he didn't go home at noon.

However, this place has been occupied by Xu Chen Aifen and has become the registered place of their company.

Dah Sing Bank is already planning to build a new 33-storey headquarters building in Wan Chai, which will be relocated in a few years.

"How's the place?"

"Very good." Zhao Shanhe said sincerely. Standing on the top of the 30th floor and looking at the scenery of the Xiangjiang River, I have a special feeling.

Xu Chen Aifen said: "Since there is already a prototype of the company, the financial staff should also arrange one. ”

Zhao Shanhe shook his head and said, "Aunt Chen, the purpose of establishing a company is just to sign contracts conveniently and distribute dividends in an orderly manner. In my opinion, at least for three years, there is no need for any filling. ”

Xu Chen Aifen asked, "You mean to say that you only use the company as a tool?" ”

"That's right. I have to go to school, attend classes, and compete now, and I don't have much time. And you're not a professional either. If it's just the two of us who trust each other, why bother to find an outsider to come in? Anyway, it should be the money of the two of us, and not a penny is missing. ”

"Well, I'll listen to you. When you go to college and have time, we will consider the need to expand. ”

Even if he doesn't have the heart to defend against people, Zhao Shanhe will not let an outsider in the company when he can't control the situation.

He doesn't necessarily come once in ten days and half a month, and if he puts a person he doesn't trust in the company, that is to recruit thieves.

Downstairs at the same time, Xu Dong was also listening to the reports of several subordinates.

Knowing that Zhao Shanhe was almost desperate and invested all his funds in the long Hang Seng Index, he couldn't help muttering. "It seems that this kid is very optimistic about the economy of Xiangjiang......"

When the subordinate left, he picked up the phone, and the secretary outside picked it up.

He calmly said on the phone: "Inform the directors that I will invite them to play in the afternoon to discuss the strategic adjustment for the next period of time. ”

"Okay."

Zhao Shanhe upstairs didn't know about it, and he wouldn't care if he knew.

A bank has a financial investment company, an investment guarantee company, and an insurance agency, but they are more in control of the financial balance of the market.

Even if they know their investment plan, they don't want to be so aggressive.

At most, they follow behind to take a sip of soup, and this is unavoidable.

No matter which institution he opens a position in, he can't avoid his own operations being imitated.

Riding Xu Chen Aifen's car back to school, she looked at the official seal and registration information in Zhao Shanhe's hand, hesitated and reminded: "Ahe, it's best not to keep these documents at home, go to the bank and rent a safe to put them away." ”

"Okay, I'll do it when I have time"

Saying goodbye to Xu Chen Aifen, Zhao Shanhe entered the school and walked into the corridor where his family lived temporarily.

As soon as the mind moves, these things enter the personal space.

This space is your own, but it is much safer than a bank safe.

When he sat in the classroom in the afternoon, Zhao Shanhe felt very strange.

In the morning, he was still operating tens of millions of investments, but in the afternoon, he was studying mathematics in the classroom and listening to the teacher explain the history of the Ming Dynasty.

The surrounding classmates are still children who are not familiar with the world, and at most talk about some celebrities and discuss their yearning for women.

He now knew why they had to drop out, and he felt the magnificence of the business sea, and the calm classroom was really a little unbearable.

Moreover, he has already mastered all this knowledge, and it is really better to learn it by himself in the future.

The third period was a music lesson, and he was a little interested.

It is said that this afternoon to teach the performance of traditional musical instruments, the school invited an old-school artist in his forties to play the bamboo flute.

But when he was about to go to class, he met Zhou Guowei and found the school.

When he came to the parking lot on the north side of the school, Zhou Guowei greeted him into the car with a friendly attitude. The two of them sat in the back row, and he handed over two file bags.

"This afternoon, I sent Miss Nguyen's condition to several hospitals and listened to their detailed analysis. Miss Nguyen's heart was born with valvular insufficiency, which was a terminal illness 20 years ago.

However, since the development of artificial heart valves at the Cleveland Institute of Medicine in the sixties, this condition has been able to be used as a great treatment.

Today, there are three hospitals in the United States that have unique skills in this condition: Cleveland Hospital, Harvard Hospital, Massachusetts General Hospital, and Mayo Hospital.

However, after analyzing Miss Nguyen's condition, several experts unanimously recommended going to Higashiei Sakakihara Memorial Hospital for treatment. ”

Zhao Shanhe didn't go to read the information, and he couldn't understand it. "Is there anything special about this Sakakibara Memorial Hospital you are talking about?"

This Sakakibara hospital is small, but they are professional. Especially in the shaping of heart valves, they have the most advanced technology and patents.

In traditional heart valve surgery, most hospitals use replacement, that is, replacing the valve with an artificial valve. Although this technology is advanced and safe, it is a big drawback, that is, patients need to take medication to maintain the state of the artificial valve for the rest of their lives.

The plasty at Sakakibara Hospital is technically difficult and takes a long time to prepare, but it has the advantage that there is no rejection. As long as the surgery is successful, you only need to take the medicine for three to four months to recover your health.

At the same time, it is also possible to prepare for the replacement surgery at this hospital, and if the plasty fails, the replacement surgery can be changed. ”

Zhao Shanhe looked at the bag in his hand, and he said, "Here are the detailed information of several hospitals, including the ability assessment of the main doctors in each hospital. I spent a little extra money and got these. ”

Zhao Shanhe nodded and said: "All my funds are now invested in the futures market, and the remuneration will be given to you as soon as next month." ”

Zhou Guowei said with a smile: "These are all public information, and they cost a little money." Just let me serve for free. Being able to establish a long-term and stable relationship with Ahe is what I value. ”

As a lawyer, Zhou Guowei has seen too many geniuses, but none of them can be as comprehensive as Zhao Shanhe.

Some geniuses are just a flash in the pan if they have expertise in a certain field.

But Zhao Shanhe is not only outstanding in sports and investment, but more importantly, he seems to be open in terms of life experience.

A sixteen-year-old boy who does everything step by step and unswervingly moves towards a goal.

The Xu family has now been conquered by him, as long as there is no problem with this investment, at the end of the year at most, he will be able to hold a huge amount of money, and at the same time step into the level of the upper family.

For such a genius, Zhou Guowei has only one thought, and that is to hug his thighs tightly.

Zhao Shanhe nodded and said: "Then when I owe you a favor, at most this year, you prepare a fund, and I will help you operate it."

In the future, I hope that you will establish a law firm, the law firm does not need to be too big, in addition to you, a capital property lawyer, I hope that there is also a patent lawyer, a criminal case lawyer, it is enough. ”

Zhou Guowei's heart was overjoyed, and he controlled his emotions and said: "This requires a lot of money." ”

"A year ago, I was just a teenager living in a housing estate, and a year later, I was able to work with a banking family like the Xu family." Zhao Shanhe smiled and said, "For me, money has never been a problem. ”