my life reset

Chapter 194 Testing the Waters of HSI Futures
Chapter 194 Testing the Waters of HSI Futures

After breakfast, I hailed a taxi at the entrance of the Grand Hyatt Hotel.

"Go to East Asia Securities"

Through the window of the car, Hu Yang felt the busyness of people rushing to work in the morning rush hour.

"Today is a turning point, for me and everyone else."

For some reason, he suddenly had such an idea in his mind.

Arriving at East Asia Securities Company, Han Wen paid the fare, and Hu Yang and others got out of the car.

This securities brokerage company was introduced to Hu Yang by Chen Jialin.Walked in, asked the front desk staff, and the chubby Niu manager came out quickly.

"It's Mr. Hu. It's a pleasure to meet you. Young Master Chen called me. I arrived at the company early today just to wait for you. Everyone, please come inside."

Hu Yang stepped forward and exchanged greetings with Manager Niu, the two exchanged business cards, and Manager Niu took Hu Yang to open an account.

Although Hu Yang has no resident status in Xiangjiang, he has a legal company in Xiangjiang, and opening an account went smoothly.

"Mr. Hu, you said you want to do Hang Seng Index futures trading? Originally, doing this requires capital verification in advance, but with the introduction of Mr. Chen, this is exempted. I don't know what kind of broker you need. help you arrange."

Brokers are definitely needed, but the types are different.

One type is discretionary trading, that is, whether buying or selling, the broker has the final say, and the broker helps the client to make the transaction.

The second category is partial entrusted transactions. Buying and selling are judged by the broker, but in actual operation, the customer's opinion must be asked in advance, and the operation can only be performed if the customer agrees.

The third category is the customer's own transaction. Buying and selling are judged by the customer himself, and the customer conducts the transaction by himself or calls the broker to make the transaction on his behalf.

"Manager Niu, I know a little bit about securities and index futures, so I'll trade on my own."

It is impossible for Hu Yang to entrust the agent with carte blanche, so he chose the third type.

"That's it, that's fine."

Manager Niu has been in this industry for many years, and he didn't hesitate to introduce a senior agent to Hu Yang.

"Let's do it today, thank you Manager Niu for your care."

Hu Yang also took a look with his agent just now. The Hang Seng Index is at 15345.99 at the opening of this month, and the direction is currently unknown.

The broker's surname is Yu, and his suggestion to Hu Yang is that he can consider opening a long position. He believes that there is still a lot of room for growth in the market outlook.

Hu Yang didn't make a statement, and soon left East Asia Securities with Liang Shuqi and Han Wen.

"I'm going to go to Sumitomo Mitsui Bank next time, Qiqi, if you have something to do, you can go and do it first, and we'll have dinner together in the evening."

Hu Yang was going to negotiate a business with the bank later, he was afraid that Liang Shuqi would wait too long, so he told her not to go with him.

"Well, that's fine, then I won't delay your business. I'll call you in the afternoon, and I'll arrive at the hotel before get off work time."

Liang Shuqi also felt that it was inappropriate for her to go to the bank with Hu Yang, so she took a taxi and walked first.

Hu Yang came to the bank with Han Wen.

"Sir, what can I do for you?"

Hu Yang is a VIP customer of this bank, and he can enjoy one-on-one service in the VIP room for all business, and does not need to wait in line in the lobby.

"I need to sell some US dollars and buy some Hong Kong dollars, no problem?"

Hu Yang intends to do Hang Seng Index futures, of course he needs Hong Kong dollars.

"No problem, let me check it for you. Well, today's exchange rate is 7.415. I don't know how much you plan to exchange, sir?"

The customer service officer of the bank has a gentle and polite attitude, which makes people feel very comfortable.

Before, Huijia Trade had US$1.06 million in its account, and after deducting some daily expenses and taxes, there was still US$1.05 million left.

Hu Yang decided to exchange 6000 million U.S. dollars first, and soon he got 4.449 million Hong Kong dollars.

These Populus euphratica in Hong Kong dollars were all transferred to the margin account of the securities company, and then waited for the opportunity.

"Brother Hu, do you really want to speculate in HSI futures? That stuff is very risky. My old man has already issued a strict order to me, never allowing me to touch it."

At noon, Chen Jialin and Hu Yang had dinner together.In fact, when Hu Yang asked him to help introduce a securities brokerage company, his heart was already pounding.

In a sense, Chen Jialin's words are not without reason.

Not to mention ordinary people, even the elites in the industry dare not say that they will definitely win if they are involved in index futures.As for the futures index, it is more of a means used by large institutions for hedging, rather than simple luck.

For stocks, index futures, futures, etc., Hu Yang has dabbled in his previous life, and he has also studied this knowledge for a long time.The financial turmoil that swept across Asia that year was regarded as a classic case and appeared in many textbooks.

Hu Yang is no stranger to this period of history, especially the historical events before and after the Hang Seng Index Defense War, as well as several key points of the Hang Seng Index, he has a deep memory.

For example, July 1997, 7 is generally regarded as the starting point of the Asian financial turmoil. Hu Yang still remembers the Hang Seng Index this month. He remembers that the Hang Seng Index hit a new record high this month.

"Don't worry, I'm just playing for fun, and I won't put all my wealth in it. Besides, Young Master Chen, have you forgotten what I do? I'm an investor, and I'm no stranger to stocks and index futures."

Hu Yang's explanation was not convincing at all, but after Chen Jialin persuaded him a few words, seeing Hu Yang's firm attitude, he stopped talking.

Hey, I don't know if Populus euphratica is swollen, he dares to play with anything, and he is not afraid of playing himself badly?
"I plan to go back to the deep sea tomorrow, Brother Hu, how about you?"

There are still a lot of things waiting for Chen Jialin at the Obsidian Technology, he is really not as free as Populus euphratica.

"I'll stay for a few more days, you go first." Hu Yang needs to familiarize himself with the trend of the Hang Seng Index in the past few days, and there are other things at the same time. "Young Master Chen, Huijia Trade needs to set up a shelf. I want to rent an office building and hire a few more employees by the way."

Huijia Trading now has a lot of funds in its account and also has business activities. For example, it sold Sony's "VCD core components" to domestic manufacturers at the beginning of the year.

This company should be used, so he rented a small office building in Xihuan, hired two part-time financial staff, a business manager, and also found a long-term cooperation lawyer.

During most of the time, Hu Yang was staring at the Hang Seng Index.However, the index did not advance all the way as most people expected, but it seemed to be going back.

"Mr. Hu, the Hang Seng Index has fallen below 14700 points. Previously bullish institutions have indicated that the correction may take some time."

Hu Yang's securities broker called and reported a new situation.

"Mr. Yu, I authorize you to operate now. You help me open a long position at 14600 points, the quantity is 5000 lots."

Hu Yang immediately realized that the opportunity he was waiting for had come, and without the slightest hesitation, he gave a trading order to the securities broker.

"Okay, I'll do it right away."

The manager surnamed Yu felt that he was hit by a huge Easter egg, so it was beautiful.With such a large transaction volume, this month's performance is complete!
5000 HSI futures contracts may not sound like much, but the wealth actually represented is scary.

According to the trading rules, each point of the Hang Seng Index is 50 Hong Kong dollars.So, how much is one Hang Seng Index futures contract?It is the number obtained by multiplying the current index by HK$50.

For example, Hu Yang opened a long position at 14600 on the Hang Seng Index, so his first contract is 14600 multiplied by 50 Hong Kong dollars = 730000 Hong Kong dollars.

One contract is 73 Hong Kong dollars, and 5000 lots is 36.5 billion Hong Kong dollars.

However, index futures trading is carried out on margin.At present, to do HSI futures, you only need to pay a 10% margin, that is, Populus euphratica needs to invest 3.65 million Hong Kong dollars.

Or Chen Jialin said that the risk is high, this is a typical one-for-one gamble.

"Mr. Yu, please tell me when the Hang Seng Index breaks through 16000 points."

After buying more than 14600 lots at 5000 points, Hu Yang left Xiangjiang.It is impossible for him to stay here all the time, and there is no need for him.

This time, Han Wen did not go back with Hu Yang. In name, he is now an employee of Xiangjiang Huijia Trading. His task is to get a local driver's license in Xiangjiang and buy a car.

In the future, Populus euphratica will travel to and from the mainland and Xiangjiang a lot, so we can't bother Chen Jialin every time, it will be inconvenient without a car.

At the end of July, Hu Yang received a call from a securities broker in Yangcheng, and the Hang Seng Index really broke through 16000 points.

Throughout July, the trend of the Hang Seng Index was still good. At the end of the month, the price also hit a new monthly high, and the index closed at 16365.71 points.

Hu Yang did not wait until the July contract settlement date, and sold all the HSI futures contracts in his hands when the index was 7 points.

This order was originally an act of testing the waters of Populus euphratica, but the effect was very satisfactory.He opened a long position at 14600 points of the Hang Seng Index. When he sold it, the index rose by exactly 1600 points.

Open a long position, the index rises, of course, is profitable.

The calculation of profit is also very simple. He earned 1600 HSI points and owns 5000 futures contracts, which means his profit = 1600*5000*50 Hong Kong dollars, and the resulting figure is 4 million Hong Kong dollars.

In almost a month, Populus euphratica made a profit of 4 million Hong Kong dollars, which simply made Chen Jialin unbelievable.

"No, brother Hu, what kind of company do you have this ability? With the speed at which you make money, you can kill a lot of rich people in seconds. Cough cough, why don't you bring me to play with you?"

Chen Jialin came to Hu Yang's office today for this purpose.

This month, Chen Jialin has also been asking Populus Hu Yang about the HSI futures.It's not that he is gossip, but that he is worried that Hu Yang will lose everything.

Unexpectedly, Hu Yang earned hundreds of millions in a month.

"It's no problem to take you to play, but do you have any cash? First let's say yes, the funds of Wanshi Technology cannot be embezzled. If you dare to embezzle it without me, your father can discount your legs."

Hu Yang knew that Chen Jialin just said that. In fact, doing index futures is really risky.If it weren't for these special timings, Hu Yang would have given the amount of money he invested in for nothing.

(End of this chapter)