Chapter 1119 Hands-On with the Futures Market
Chapter 1119 Hands on the Futures Market
When it comes to the question of enabling, Liu Tianci did not dare to answer indiscriminately.
He was lost in thought, according to the company's internal planning, combined with the actual situation, after thinking for a long time, he said: "Chairman, with your previous strategic guidance, and then refer to other large stock exchanges in the world, the Hong Kong Stock Exchange. The construction of the system is very fast, the complete draft of the system has been completed last month, and the gaps are now being checked and filled, and 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 use the computer-assisted trading system for securities trading. The machines are all in place, and the debugging of all machines can be completed within two months at most, until it is waiting to be activated... "
"I personally expect that all the work should be completely completed by October at the earliest, closing the four major exchanges and opening the United Stock Exchange."
"Even the most conservative scenario could be enabled by December of this year!"
According to Liu Tianci, that means it will take five to seven months!
This time is not long!
Once the United Stock Exchange is launched, then Xia Yu can let go of his hands and feet and talk about building Hong Kong into a financial center in Asia and even the world!
He smiled and nodded to Liu Tianci and said, "God, it's fine if it can be activated this year."
"After I meet Peter Monroe, your job should be better."
"What other areas are lacking in resources, tell me directly, I will arrange for people to deploy, and make sure that the United Stock Exchange can be launched quickly and steadily."
"OK!"
...
After that, Xia Yu explained some things to Liu Tianci. After he went out, Xia Yu called Wang Qi and went to a place with him.
Wang Qi was confused at first, 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 lightly, greeted him, and walked straight to Heung Kong Commodity Exchange Co., Ltd.
Wang Qi suddenly came back to his senses, caught up with Xia Yu in three steps and took two steps, and followed Xia Yu towards the Hong Kong Commodity Exchange.
After walking in, the Heungkong Commodity Exchange was very deserted. Although many people could be seen trading, it was not comparable to any of the four major stock exchanges in Heungkong.
Although the Hong Kong Commodity Exchange is the only futures exchange in Hong Kong at present, its operation is indeed not optimistic.
Heung Kong Commodity Exchange was established in February 1977, and it has been five years now.
But within five years, the Hong Kong Commodity Exchange has developed six futures varieties, namely, the original sugar and cotton trading, the soybean trading launched in 1979, the gold futures trading launched in 1980, and the silver launched last year. Futures and Corn Trading!
Last year, the total trading volume of 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!
Considering the transaction scale of the Hong Kong stock market of more than 100 billion Hong Kong dollars a year, the transaction volume of the Hong Kong Commodity Exchange is only less than one-fifth of the securities market. This gap is like a gulf!
As one of the three major markets, the futures market has more potential than this, and it does not conform to Heung Kong's plan to build a financial center.
Without a huge and mature futures market, the bustling stock market alone cannot support Hong Kong to become a world financial center!
In Xia Yu's view, Heung Kong Commodity Exchange is a typical example of failure!
In February of this year, the Hong Kong Commodity Exchange also conducted its first internal review in five years. The internal review also concluded that its own operation had not been successful, and in the face of the current sluggish and chaotic financial market in Hong Kong, shareholders and management Worry white head.
That is, in this case,
Xia Yu controlled it remotely when he was in Paris, and quietly, let Galaxy Fund complete the wholly-owned acquisition of Heung Kong Commodity Exchange.
So now, Heung Kong Commodity Exchange is already Xia Yu's industry.
Now he brought Wang Qi here, the meaning is obvious, he is going to start the Xiangjiang futures market!
After entering the company, the acting president Zhao Zhiyuan, who was informed by the employees, came to Xia Yu in a hurry.
Because the company was acquired by Galaxy Fund, Zhao Zhiyuan had never met Xia Yu before, he just had several phone calls with Xia Yu.
In the face of Xia Yu's unannounced inspection, Zhao Zhiyuan felt a little apprehensive, for fear that he would not be able to turn his back on what he did not do well.
"Boss, you are welcome!"
"Zhiyuan, this is Wang Qi, the president of Jiuding Securities Company, do you know me!"
"He is Zhao Zhiyuan, temporarily acting as the president of the company."
As the intermediary, Xia Yu said a few words briefly, and let the two of them get to know each other.
After the two chatted, Xia Yu instructed Zhao Zhiyuan, "Zhiyuan, take me to the office."
"Okay, boss, please come with me!"
After finishing speaking, Zhao Zhiyuan took Xia Yu and Wang Qi to the boss's office that had been prepared for Xia Yu but never used.
After entering the office, he was satisfied with the interior decoration. He was not polite and sat directly on the leather back seat in front of the desk, and then instructed Zhao Zhiyuan, who wanted to make tea, "Zhiyuan, let others make it. Just tea, you go and get all the company's information."
"OK!"
Zhao Zhiyuan immediately put down the tea set, responded respectfully, and 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 rummaged through the information.
It didn't take long for him to return to Xia Yu's office with the company development report and other materials that had been sorted out. Under Xia Yu's suggestion, he first gave half of it to Wang Qi.
"Wang Qi, take a good look and understand the situation of the exchange. Later, you need to work 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, and both of them had a clear understanding of the situation of the Hong Kong Commodity Exchange.
"Wang Qi, after you have read the information, you can express your opinion and explain why the Heung Kong Commodity Exchange failed to operate successfully."
As soon as Xia Yu finished speaking, Zhao Zhiyuan stared at Wang Qi with 12% attention.
After pondering for a while, Wang Qi said slowly, "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, which need to be overhauled and improved in all aspects."
"Second, there are too few trading categories, only raw sugar, cotton, soybeans, gold, silver and corn have been launched in the past five years; except for gold and silver, the trading volume of the other four commodities is not large, and Xiangjiang is also It's not a production area, it's just a transit station, and there is no advantage in trading. And the exchange is still unlucky, and neither gold nor silver futures have been easy to do in recent years."
"Second, there are too few trading categories, only raw sugar, cotton, soybeans, gold, silver and corn have been launched in the past five years; except for gold and silver, the trading volume of the other four commodities is not large, and Xiangjiang is also It's not a production area, it's just a transit station, and there is no advantage in trading. And the exchange is still unlucky, and neither gold nor silver futures have been easy to do in recent years."
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