Rebirth 1980: Marrying my sister’s best friend at the beginning
Chapter 451 Crazy!Short the Hang Seng Index!
Chapter 451 Crazy!Short the Hang Seng Index!
Hong Kong Island. Far East Club!
When Li Yi and others arrived at the Far East Club, Zhang Qiusheng, Lan Xinyi and others were already waiting for them at the door.
Without much greeting, Li Yi led people directly to follow Zhang Qiusheng to the interior of the Far East Club.
This Far Eastern Society is not a gang, but a stock exchange, its full name is Far Eastern Stock Exchange Co., Ltd.!
It is the first stock exchange founded by Chinese and is currently one of the four major stock exchanges on Hong Kong Island.
When they came to the company's internal conference room, the two parties directly had a full exchange on the cooperation content, and then directly signed the contract.
After signing the contract, Li Yi did not rush to inject funds into the account, but met with members of Lan Xinyi's team first.
What surprised Li Yi was that 8 of the 7 people on Lan Xinyi's team were women, and the only male was Lan Xinyi's brother, named Lan Xinming.
Li Yi once again reiterated the disciplinary requirements during work with all members of the team. He knew very well that people like them who are engaged in financial services can easily leak your investment plan without supervision.
What's better is that these people follow the trend and invest on their own. Li Yi doesn't object to this. I eat meat and you drink soup. It's no big deal.
The biggest fear is that when these people see you killing everyone in the stock market and secretly reveal your plan to your boss, it will be a big deal.
Therefore, when signing a contract with these people, a confidentiality agreement must be signed.
But just relying on a piece of paper agreement is not enough to sit back and relax, their communication tools must be confiscated, and people must be sent to keep an eye on them at all times.
They can't go anywhere until the mission is over.
Obviously these people also knew the situation and said that they were professionals and would never disclose their clients' investment plans.
After processing this, it was almost twelve o'clock.
Li Yi immediately took everyone away from the Far East Exchange to have dinner, and started working after dinner.
Since work was about to start in the afternoon, Li Yi took Lan Xinyi, Lan Xinming and others to have a quick bite near the exchange, and then returned to the exchange.
After returning to Lan Xinyi and others' VIP room at the exchange, Li Yi immediately called all the traders over and talked about his investment plan.
However, when Lan Xinyi and others heard Li Yi's plan, everyone was confused!
"Li Sheng, do you mean to short the Hang Seng Index and use five times leverage?" Lan Xinyi asked with a look of shock.
"Yes, is there a problem?"
Hearing Li Yi's rhetorical question, Lan Xinyi looked at him not only in shock, but also as if she were looking at a fool.
It’s not that Hong Kong stocks cannot be shorted, but the problem is that shorting with 5 times leverage is simply crazy.
Before Lan Xinyi could speak, Lan Xinming on the side couldn't help but said: "Li Sheng, have you ever traded in stocks before? Do you know what short selling and long selling are?"
"Are you questioning my words?" Li Yi said coldly.
"No, as the trader you invited, I have the obligation to remind you that this is not how you play with stocks!" Lan Xinming said with a serious expression.
He really didn't expect that his employer would be so crazy. This was not an investment at all, but he was treating himself as a super leek.
You must know that short selling is a contract transaction, and contract transactions are the most difficult to control, especially leveraged contract transactions. One mistake can lead to abyss.
"Thank you for the reminder, but I won't do it next time!"
Then Li Yi turned to Lan Xinyi and said: "Ms. Lan, I said before that no one is allowed to question my decision during the whole process. I hope you and your people will always remember it!"
"Yes, Li Sheng, this is the last time!" Obviously, Lan Xinyi knew her position far better than her brother.
The employer is an adult and invests his own money, so he naturally needs to take responsibility for his own decisions.
On the contrary, they are just tool people and there is no need to step over and make decisions for their employers.
Even so, like her brother, she also felt that Li Yi's investment plan was a huge gamble, and the probability of winning was very low, and the tens of millions invested were likely to be lost.
Short selling requires an extremely high level of investor judgment. When you judge that the stock price will fall, you need to borrow the corresponding stocks from an institution in advance and sell them. When the stock really falls as you expected, you can buy it at a lower price. Return it to the institution, and the remaining price difference is your profit.
Leverage means that if you don't have enough funds, or if you want to make a big profit with a small amount, you have to borrow money from an institution.
5 times leverage means that you have a principal of 20 yuan, the exchange lends you 80 yuan, and you use 100 yuan to trade to obtain 5 times the profit you could have made.
Of course, the institution is not a charitable organization. When your loss exceeds 20 yuan (margin), all your positions will be forced to be sold (liquidated) and no penny will be left.
Many people entered the market with full confidence, but ended up plunging into the abyss. Li Yi is obviously such a person.
Li Yi saw the thoughts of Lan Xinyi and others, but he didn't care.
"Since there is no problem, let's start work!" Li Yi said lightly.
"Yes, Li Sheng!"
Then Lan Xinyi immediately said to the rest of the team: "Everyone change clothes immediately and get ready to start work!"
After hearing Lan Xinyi's order, the remaining people quickly put on uniform vests and entered work mode.
At present, Hong Kong Island still uses the blackboard quotation model because there are not many listed companies.
The bid transaction is announced in chalk on the blackboard by the market representative. When the transaction is confirmed, the seller crosses it out. This crossed-out number is the seat number of the bidder, which is what we see on the red vests worn by these people in the venue. number.
The reason why the red vest is used is to make it bright and eye-catching, so that the recordkeeper below can record the process of each transaction, and finally realize the transaction and delivery.
Because of this manual accounting model, it is stipulated that all transactions can be completed within 48 hours, which is different from the financing and securities lending that are relatively standardized in our current stock transactions.
When trading is booming, you will see them queuing up to write orders and hand over notes. This is why Li Yi specially invited these people over.
He simply cannot win such a large amount of transactions by himself!
As Lan Xinyi and others entered work, Li Yi immediately asked Huang Lixing to hand over all 4200 million in funds to the Far East Club behind Lan Xinyi, and then began this shocking hunt.
After Lan Xinyi and others confirmed that the funds were in place, they immediately followed Li Yi's instructions and "borrowed" a large amount of Hang Seng Index futures from the accounts under their names.
The total price of a first-hand Hang Seng Index futures contract is the latest quoted point number of the Hang Seng Index futures x the contract multiplier of 50. The Hang Seng Index is currently quoted at 1810.2 points, so the total price of a Hang Seng Index futures contract is 1810.2x50, or 90510 Hong Kong dollars.
Since futures trading implements a margin trading system, investors do not need to pay in full, but only need to pay a 20% margin, which is HK$18102.
Li Yi’s investment capital is 4200 million, and under 5 times leverage, the operable funds are HK$2.1 million.
Soon, under the operation of Lan Xinyi and others, orders for 11600 Hang Seng Index contracts were placed.
But what happened next made Lan Xinyi and others feel frightened, and everyone's expressions became extremely solemn!
(End of this chapter)
Hong Kong Island. Far East Club!
When Li Yi and others arrived at the Far East Club, Zhang Qiusheng, Lan Xinyi and others were already waiting for them at the door.
Without much greeting, Li Yi led people directly to follow Zhang Qiusheng to the interior of the Far East Club.
This Far Eastern Society is not a gang, but a stock exchange, its full name is Far Eastern Stock Exchange Co., Ltd.!
It is the first stock exchange founded by Chinese and is currently one of the four major stock exchanges on Hong Kong Island.
When they came to the company's internal conference room, the two parties directly had a full exchange on the cooperation content, and then directly signed the contract.
After signing the contract, Li Yi did not rush to inject funds into the account, but met with members of Lan Xinyi's team first.
What surprised Li Yi was that 8 of the 7 people on Lan Xinyi's team were women, and the only male was Lan Xinyi's brother, named Lan Xinming.
Li Yi once again reiterated the disciplinary requirements during work with all members of the team. He knew very well that people like them who are engaged in financial services can easily leak your investment plan without supervision.
What's better is that these people follow the trend and invest on their own. Li Yi doesn't object to this. I eat meat and you drink soup. It's no big deal.
The biggest fear is that when these people see you killing everyone in the stock market and secretly reveal your plan to your boss, it will be a big deal.
Therefore, when signing a contract with these people, a confidentiality agreement must be signed.
But just relying on a piece of paper agreement is not enough to sit back and relax, their communication tools must be confiscated, and people must be sent to keep an eye on them at all times.
They can't go anywhere until the mission is over.
Obviously these people also knew the situation and said that they were professionals and would never disclose their clients' investment plans.
After processing this, it was almost twelve o'clock.
Li Yi immediately took everyone away from the Far East Exchange to have dinner, and started working after dinner.
Since work was about to start in the afternoon, Li Yi took Lan Xinyi, Lan Xinming and others to have a quick bite near the exchange, and then returned to the exchange.
After returning to Lan Xinyi and others' VIP room at the exchange, Li Yi immediately called all the traders over and talked about his investment plan.
However, when Lan Xinyi and others heard Li Yi's plan, everyone was confused!
"Li Sheng, do you mean to short the Hang Seng Index and use five times leverage?" Lan Xinyi asked with a look of shock.
"Yes, is there a problem?"
Hearing Li Yi's rhetorical question, Lan Xinyi looked at him not only in shock, but also as if she were looking at a fool.
It’s not that Hong Kong stocks cannot be shorted, but the problem is that shorting with 5 times leverage is simply crazy.
Before Lan Xinyi could speak, Lan Xinming on the side couldn't help but said: "Li Sheng, have you ever traded in stocks before? Do you know what short selling and long selling are?"
"Are you questioning my words?" Li Yi said coldly.
"No, as the trader you invited, I have the obligation to remind you that this is not how you play with stocks!" Lan Xinming said with a serious expression.
He really didn't expect that his employer would be so crazy. This was not an investment at all, but he was treating himself as a super leek.
You must know that short selling is a contract transaction, and contract transactions are the most difficult to control, especially leveraged contract transactions. One mistake can lead to abyss.
"Thank you for the reminder, but I won't do it next time!"
Then Li Yi turned to Lan Xinyi and said: "Ms. Lan, I said before that no one is allowed to question my decision during the whole process. I hope you and your people will always remember it!"
"Yes, Li Sheng, this is the last time!" Obviously, Lan Xinyi knew her position far better than her brother.
The employer is an adult and invests his own money, so he naturally needs to take responsibility for his own decisions.
On the contrary, they are just tool people and there is no need to step over and make decisions for their employers.
Even so, like her brother, she also felt that Li Yi's investment plan was a huge gamble, and the probability of winning was very low, and the tens of millions invested were likely to be lost.
Short selling requires an extremely high level of investor judgment. When you judge that the stock price will fall, you need to borrow the corresponding stocks from an institution in advance and sell them. When the stock really falls as you expected, you can buy it at a lower price. Return it to the institution, and the remaining price difference is your profit.
Leverage means that if you don't have enough funds, or if you want to make a big profit with a small amount, you have to borrow money from an institution.
5 times leverage means that you have a principal of 20 yuan, the exchange lends you 80 yuan, and you use 100 yuan to trade to obtain 5 times the profit you could have made.
Of course, the institution is not a charitable organization. When your loss exceeds 20 yuan (margin), all your positions will be forced to be sold (liquidated) and no penny will be left.
Many people entered the market with full confidence, but ended up plunging into the abyss. Li Yi is obviously such a person.
Li Yi saw the thoughts of Lan Xinyi and others, but he didn't care.
"Since there is no problem, let's start work!" Li Yi said lightly.
"Yes, Li Sheng!"
Then Lan Xinyi immediately said to the rest of the team: "Everyone change clothes immediately and get ready to start work!"
After hearing Lan Xinyi's order, the remaining people quickly put on uniform vests and entered work mode.
At present, Hong Kong Island still uses the blackboard quotation model because there are not many listed companies.
The bid transaction is announced in chalk on the blackboard by the market representative. When the transaction is confirmed, the seller crosses it out. This crossed-out number is the seat number of the bidder, which is what we see on the red vests worn by these people in the venue. number.
The reason why the red vest is used is to make it bright and eye-catching, so that the recordkeeper below can record the process of each transaction, and finally realize the transaction and delivery.
Because of this manual accounting model, it is stipulated that all transactions can be completed within 48 hours, which is different from the financing and securities lending that are relatively standardized in our current stock transactions.
When trading is booming, you will see them queuing up to write orders and hand over notes. This is why Li Yi specially invited these people over.
He simply cannot win such a large amount of transactions by himself!
As Lan Xinyi and others entered work, Li Yi immediately asked Huang Lixing to hand over all 4200 million in funds to the Far East Club behind Lan Xinyi, and then began this shocking hunt.
After Lan Xinyi and others confirmed that the funds were in place, they immediately followed Li Yi's instructions and "borrowed" a large amount of Hang Seng Index futures from the accounts under their names.
The total price of a first-hand Hang Seng Index futures contract is the latest quoted point number of the Hang Seng Index futures x the contract multiplier of 50. The Hang Seng Index is currently quoted at 1810.2 points, so the total price of a Hang Seng Index futures contract is 1810.2x50, or 90510 Hong Kong dollars.
Since futures trading implements a margin trading system, investors do not need to pay in full, but only need to pay a 20% margin, which is HK$18102.
Li Yi’s investment capital is 4200 million, and under 5 times leverage, the operable funds are HK$2.1 million.
Soon, under the operation of Lan Xinyi and others, orders for 11600 Hang Seng Index contracts were placed.
But what happened next made Lan Xinyi and others feel frightened, and everyone's expressions became extremely solemn!
(End of this chapter)
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