On June 27 last year, htIc's registered capital increased from HK$1 billion to HK$5 billion. It has strict regulations and systems for investing in stocks, bonds, exchange rates and commodity futures, and always puts risk control first.
Wang Dongming, Chen Huamin, and Li Dong led a group of traders. After nearly ten years of hard work in the market, they have seen the ups and downs of the Hong Kong stock market and futures market, experienced bloody storms, and have long been mature.
Chen Huamin After the Asian financial crisis broke out, Sun Jian began to short the stock index futures of major Asian countries. He sensitively predicted that world oil prices would enter a downward channel. Wang Dongming agreed to the futures investment department's investment plan and invested US$10 million to short-sell New York Commercial Trading. The October oil futures contract of the Exchange was leveraged 5 times, and now it has made a profit of more than 20 million US dollars.
The price of New York light crude oil has dropped from its highest point of US$22.50/barrel in January 1997 to today's US$11.20/barrel, a drop of more than 50%, and is still in a downward trend.
This will be the largest commodity futures investment income gained by htIc Futures Investment Department since its establishment.
Wang Dongming, Chen Huamin and members of the futures department will receive a bonus of 10% of investment income.
When the financial crisis comes and market demand decreases, oil prices will fall; when the economy gradually recovers and demand increases, oil prices will rise. When the Asian financial turmoil and the Asian financial crisis come, oil prices will definitely fall. This is basic financial common sense, but In his previous life, Sun Jian didn't know how much oil futures prices would fall due to the Asian financial crisis. How long does it last?
If you don't know clearly, don't get involved, and don't interfere with Wang Dongming and Chen Huamin's investment in oil futures. Just follow the system.
After Chen Huamin and the others invest in the New York light crude oil futures October contract, will Sun Jian decide whether to enter the oil futures market?
There are more and more investment funds in stock index futures in the account. Hang Seng Index futures, Nikkei stock index futures, Dow Jones stock index futures and Nasdaq stock index futures can no longer meet the demand. Some funds can only be left in the account to earn interest. This is why Sun One of the main reasons why Jian took advantage of the great opportunity provided by the Hong Kong government's support to buy a large number of stocks of 33 constituent companies.
To avoid attracting undue attention from local commodity futures regulators, Sun Jian needs to expand commodity futures investment varieties.
The scale of oil futures is not comparable to that of stock index futures. Today, more than 180,000 lots of oil, gasoline and natural gas futures are traded on the New York Mercantile Exchange on every trading day, and more than 50 million lots are traded annually. With an investment of US$500 million, it is impossible to start the business. Make waves.
The oil futures market is also a zero-sum transaction. With the help of leverage, the returns are high and the risks are high. Uncontrolled investors will lose all their money in the end.
Wang Dongming and Li Dong also used Sun Jian's experience of operating Hang Seng Index futures to buy blue-chip stocks and escaped three Hong Kong stock market crashes. They won more and lost less, with an average annual income of about 30%.
Wang Dongming, Chen Huamin and Li Dong are all multi-millionaires now. As long as Sun Jian gives them an investment target, they can use skilled stock and futures operating techniques to buy low and sell high, step by step, luring the enemy deeper and leveraging their strength. , it was successfully completed and even exceeded Sun Jian’s expectations.
The progress of history has not changed significantly. A large amount of funds from Quantum Fund, Tiger Fund and Ltcm were still trapped in Russia on August 17, becoming fresh leeks under pJ's sickle. The average leverage ratio of the three private equity funds reached 28 times!
The most outrageous thing is that LTCm, led by a group of Nobel economists and led by Meriwether, the "Father of Wall Street Arbitrage", operates with a leverage ratio of up to 60 times all year round!
Sun Jian, who knows the ups and downs of the stock market, always uses 10% of the capital first and never uses more than 10 times leverage every time he invests in stock index futures. He is careful.
Don’t be afraid of 10,000, just be afraid of the worst!
In the past life, this group of self-righteous financial geniuses made mistakes in judging trends many times and did not want to repent. They went down a dark road. Ltcm finally suffered losses and was on the verge of bankruptcy and liquidation. To avoid affecting Wall Street, the U.S. government had to step in and make arrangements for Ltcm, which was on the verge of bankruptcy and liquidation. Acquire institutions, otherwise fund investors who are on the verge of liquidation will become angry and send people to harvest the lives of these financial lunatics!
On August 17, due to the sudden default of Russia's national debt, major European and American international banks suffered heavy losses. In order to meet the regulatory capital requirements of domestic banks, they had to quickly sell assets for cash. An emergency meeting was held overnight. The most convenient assets to sell were the seven major industrial countries. of bonds.
On August 21, major European and American international banks began to sell bonds of seven major industrial countries on a large scale, causing the largest fluctuations in the world's major bond prices in history. Amid the rush for short selling, Ltcm lost almost all of its holdings in one day. The bonds of the seven major industrial countries account for 90% to 95% of the capital.
The total assets of Quantum Fund, Tiger Fund and Ltcm are only US$30 billion. Tiger Fund, known as the world's largest private equity fund, has US$22 billion. It is said that the three funds have more than US$17 billion in assets trapped in Russia, most of which are already in violation of regulations. Russian national debt.
Quantum Fund, Tiger Fund and Ltdm, which are all-powerful in the global financial market and dominate the world, are just a bunch of young boys in front of American public funds such as Vanguard Fund!
Public funds in the United States, also known as mutual funds, do not allow short selling! The rate of return is far less high than private equity funds such as Quantum Fund, Tiger Fund and Ltcm, but the long-term income is stable, making it the first choice for large funds such as pensions and corporate annuities.
In a previous life, some Internet articles attributed Soros's failure in the financial defense war in Hong Kong mainly to the sudden default of Russia's national debt. This is only one of the influencing factors. The main reason is that Soros underestimated the maintenance of financial stability in Hong Kong by the mainland and the Hong Kong Special Administrative Region government. determination and actions, ignoring the US$250 billion in foreign exchange reserves between the two places.
At the end of 1997, Japan, the world's largest foreign exchange reserve country, only had 219.6 billion US dollars.
There is no suspense about the outcome of the decisive battle. Although the Hang Seng Index fell by more than 120 points due to heavy volume, it was still within the control of the main bulls. It took time and space to consume the funds and stock chips of the main short sides.
"Mr. Wang, I'm busy with you, leave me alone, I'll take a rest."
"Okay, Mr. Sun!"
Sun Jian would not sit around and tell people what to do. He would just tell a group of big bosses when he went to the scene. He would go to the front line in person, forget all sleep and food, and work hard. He would lean on the sofa and have no interest in the local newspaper on the coffee table. The local newspaper and the Hong Kong news on TV It's the same as Taiwanese dramas. Watching too much will lower your IQ. If you have nothing to do, close your eyes, recite the six-character Z in silence, practice calligraphy with your "heart", and enter an ethereal state.
Wang Dongming and others thought that Mr. Sun had fallen asleep, so they spoke in a low voice, feeling admiration in their hearts. At the last moment of the decisive battle in Xiangjiang Financial, everyone was extremely nervous, but Mr. Sun did not take it seriously and actually fell asleep.
