v3 Chapter 1119： Hands on the futures market

Chapter 1119

When it comes to the question of activation, Liu Tianci dare not answer indiscriminately.

He fell into thinking. According to the company’s internal plan, the combination is the actual situation. After thinking for a long time, he said: “Chairman, you have your previous strategic guidance, and then refer to other large stock exchanges in the world, the Xiangjiang Stock Exchange. The construction of the system is very fast. The complete system draft has been completed last month, and is currently being checked for deficiencies. The complete system can be released within four months at most."

"In terms of hardware, the Hong Kong Stock Exchange will completely abandon the remaining manual transactions and fully adopt a computer-assisted trading system for securities trading. The machines are all in place, and the commissioning of all machines can be completed in two months at most, until it waits for activation... "

"I personally expect that it should be possible to complete all the work in October at the earliest, close the four major exchanges, and open the United Stock Exchange."

"Even the most conservative situation can be activated before December this year!"

According to Liu Tianci, it would take another five to seven months!

This time is not long!

Once the United Stock Exchange is launched, Xia Yu can let go of his hands and say that Xiangjiang will become the financial center of Asia and the world!

He smiled and nodded and said to Liu Tianci, "God gift, it's enough to be activated this year."

"After I meet Peter Monroe, your work should be better."

"Which areas still lack resources, you can tell me directly, I will arrange for people to deploy, and we must ensure that the United Stock Exchange can be activated quickly and steadily."

"Ok!"

...

Later, Xia Yu explained something to Liu Tianci. After he went out, Xia Yu called Wang Qi and went to a place with him.

At first, Wang Qi was still confused, but when the car stopped and he got out of the car and saw a sign not far away, a shocking guess appeared in his mind.

"Wang Qi, let's go!"

Glancing at Wang Qi's shocked appearance, Xia Yu smiled faintly, greeted him, and walked straight to Xiangjiang Commodity Exchange Co., Ltd.

Wang Qi suddenly came back to his senses, catching up with Xia Yu's pace in three and two steps, and followed Xia Yu towards the Xiangjiang Commodity Exchange.

After walking in, the Xiangjiang Commodity Exchange was very deserted. Although many people could be seen trading, it could not be compared with any of the four major stock exchanges in Hong Kong.

Although the Hong Kong Commodity Exchange is currently the only futures exchange in Hong Kong, its operations are indeed not optimistic.

The Hong Kong Commodity Exchange was established in February 1977, and it has been five years now.

However, in five years, the Xiangjiang Commodity Exchange has developed six futures varieties, namely the raw sugar and cotton trading at the beginning, the soybean trading launched in 1979, the gold futures trading launched in 1980, and the silver trading launched last year. Futures and corn trading!

Last year, the total trading volume of the Hong Kong Commodity Exchange was only 2.6 billion Hong Kong dollars, which is equivalent to an average monthly trading volume of more than 210 million Hong Kong dollars. Not worthy!

Consider the trading scale of the Hong Kong Stock Market of more than 100 billion Hong Kong dollars a year. The trading volume of the Hong Kong Commodity Exchange is only less than one-fifth of the stock market. The gap is like a gap!

As one of the three major markets, the potential of the futures market is far more than that, and it does not conform to Xiangjiang's plan to build a financial center.

Without a huge and mature futures market, the prosperous stock market alone cannot support Xiangjiang as the world's financial center!

In Xia Yu's view, the Xiangjiang Commodity Exchange is a typical failure!

In February of this year, the Xiangjiang Commodity Exchange also conducted its first internal review in five years. The internal review also concluded that its own operations were not successful, and facing the current sluggish and chaotic financial market of Xiangjiang, shareholders and management are both Sorrowful white head.

That is to say, under this situation, Xia Yu was remotely controlled when he was in Paris, and quietly, let the Galaxy Fund complete the wholly-owned acquisition of the Xiangjiang Commodity Exchange.

So now, the Xiangjiang Commodity Exchange is Xia Yu's industry.

Now that he brings Wang Qi here, the meaning is very obvious, he is going to start with the Xiangjiang Futures Market!

After entering the company, Zhao Zhiyuan, the acting president who was notified by the employees, hurriedly came to Xia Yu.

Because the company was acquired by Yinhe Fund, Zhao Zhiyuan had never met Xia Yu before. He only had a few phone calls with Xia Yu.

In the face of Xia Yu's unannounced inspection, Zhao Zhiyuan felt a little worried, for fear that he would not be able to correct himself if he did not do well.

"Boss, you are welcome!"

"Zhiyuan, this is Wang Qi, the president of Jiuding Securities Co., Ltd., do you know me!"

"He is Zhao Zhiyuan, temporarily acting as president of the company."

As a middleman, Xia Yu simply said a few words and asked them to get acquainted with each other.

After the two exchanged greetings, Xia Yu told Zhao Zhiyuan: "Zhiyuan, take me to the office."

"Okay, please follow me, boss!"

After that, Zhao Zhiyuan took Xia Yu and Wang Qi to the boss's office that had been prepared for Xia Yu but had never been used.

After entering the office, he was satisfied with the interior decoration. He was not polite, and directly sat on the leather back seat in front of the desk, and then told Zhao Zhiyuan who wanted to make tea: "Zhiyuan, you let others make it. Tea will do. Go and get all the company information."

"Ok!"

Zhao Zhiyuan immediately put down the tea set, and after a respectful response, he walked out of the office quickly. He asked his secretary to go to the boss's office to make tea for Xia Yu, while he searched for the information.

Before long, he returned to Xia Yu’s office with the compiled company development report and other materials. Under Xia Yu’s sign, he first divided half of them to Wang QiWang Qi, take a look To understand the situation of the exchange clearly, you will need to cooperate with Zhiyuan to build the exchange. "

"Ok!"

After Wang Qi responded, he picked up the information and read it carefully.

Before I knew it, nearly an hour passed.

Xia Yu and Wang Qi exchanged information halfway through, and both have a clear understanding of the situation in the Xiangjiang Commodity Exchange.

"Wang Qi, after reading the information, you can express your opinion and talk about why the operation of the Xiangjiang Commodity Exchange is not successful."

As soon as Xia Yu's voice fell, Zhao Zhiyuan focused his attention on Wang Qi.

After Wang Qi pondered for a moment, he slowly said: "Chairman, I personally think that the exchange failed because of two factors."

"First, there are problems with the exchange's trading rules and management regulations. This requires major changes and improvements in all aspects."

"Secondly, there are too few trading categories. Only raw sugar, cotton, soybeans, gold, silver and corn have been launched in five years. Except for gold and silver, the trading volume of the other four commodities is not large, and Xiangjiang also It's not a production area, it's just a transit station. Naturally, there is no advantage in trading. And the exchanges are still out of luck. In the past few years, neither gold nor silver futures have been good."

"Secondly, there are too few trading categories. Only raw sugar, cotton, soybeans, gold, silver and corn have been launched in five years. Except for gold and silver, the trading volume of the other four commodities is not large, and Xiangjiang also It's not a production area, it's just a transit station. Naturally, there is no advantage in trading. And the exchanges are still out of luck. In the past few years, neither gold nor silver futures have been good."

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