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- In European and American countries, the concept of the central bank is very clear. It has exclusive privileges to issue currency, formulate financial policies, act as an inter-bank clearing agency, etc., all of which are leading tasks in the financial field. They are known as "the issuing bank, the bank's bank" , the government's bank" is the central bank.
The Bank of England in the City of London is a typical and original central bank. The main difference between it and the Central Bank of China is that it is a private bank and the other is that it does not do what commercial banks do.
But on the most important financial attributes, the Bank of England and the Bank of China are consistent. Although China's foreign exchange reserves were not large in 1994, it had the privilege of issuing trillions of banknotes every year. It was truly the central bank of a big country. Anyone can imagine the tons of political and economic changes. assistance.
So, when Su Cheng brought the manager of the foreign exchange department of the Central Bank of China and introduced him to everyone as the contact person between the National Bank and Dahua Industrial, a group of foreigners who didn¡¯t know the truth looked at him with shock and envy.
After a while, the expressions of the foreigners slowly turned into a matter of course.
??In the eyes of Europeans who don¡¯t know the inside story, it seems normal that Far Eastern companies that can attract attention in the world¡¯s financial center are supported by the central banks of Far Eastern countries.
In the eyes of Europeans who know a little bit about the inside story, it seems normal that the Central Bank of China, which is still doing commercial business, has become the main bank for Chinese companies.
As for those Europeans who know China very well they may exist in a certain corner of the world, but they will never appear in the futures trading hall of the City of London.
After just a few seconds, the greetings to Su Cheng suddenly became enthusiastic.
"Director Su, our IFC still has remaining seats. If you want to use them, just let us know."
"Dr. Su, the price of coffee has also increased a lot. This is a good time to invest in coffee. The profit can be more than ten times. Please pay attention when you have time."
"Dr. Su, we are Lewis Financial Loan Company. We have strong funds and undertake guaranteed loans and credit loans"
Tian Dongliang also woke up from his confusion. He pulled Su Cheng in surprise and asked, "Dr. Su, what are you doing?"
"I would like to introduce you to the gentlemen of London City. Come and say hello." Su Cheng waved his hand forward.
Tian Dongliang waved his hand stupidly, attracting a friendly smile in front of him, which looked like a blooming human flower field.
Putting down his hand, Tian Dongliang woke up from his cute state, and said in shock and anger: "Dr. Su, you are so unreasonable. If the country knows about it, you will have to peel off my skin. No, no, no. , I have to introduce you.¡±
Su Cheng patted him gently on the shoulder and said with a smile: "You are the manager of the foreign exchange department of Bank of China, aren't you? You are also our contact person at Bank of China, aren't you? In other words, Dahua Industrial is not a customer of Bank of China?"
"You're talking about the central bank." Tian Dongliang was new here and was deceived by Su Cheng. It wasn't because he was not intelligent enough, he immediately grasped the key.
Su Cheng said indifferently: "The Bank of China is both commercial and central bank. This is determined by its own business model, not by me. If you want to explain it to everyone, then explain it."
¡°Just kidding, if Bank of China does not become a commercial bank, Dahua Industrial will not be a customer. Even foreigners know this.
However, even if the words are exactly the same, if said by different people on different occasions and at different times, the effects will be different.
If Dahua Industrial was just a weak manufacturing company, or a strong pure manufacturing company, no one would regard the central bank as its main bank. However, Dahua Industrial is an energy company, and it is a powerful energy company with a strong reputation. This is different.
Of the more than 200 countries and regions in the world, there are not many countries that have a pure central bank like the Bank of England. The total number is far less than 100. And there is no country that does not support large domestic energy companies.
Even if we put it another way, the number of large energy companies without state support is very rare.
Furthermore, if a large energy company can grow bigger and stronger without state support, the national government will naturally come to recruit it. Halliburton is an example. This American company with assets of hundreds of billions of dollars and branches in more than 180 countries around the world took the initiative to apply to move its headquarters to Dubai. Obviously, the expensive taxes and public relations costs are more important than bribery. The Arab sheikhs still need much more.
Tian Dongliang¡¯s English is acceptable and can win English awards in the banking system. However, standing in LondonIn the lobby of the International Petroleum Exchange, Tian Dongliang was at a loss for words.
Forget it, just pretend you don¡¯t know what¡¯s going on.
Tian Dongliang lowered his head and acted like an ostrich. He now understood that Su Cheng's delay in withdrawing the money for more than half a month was the hush money given to him.
Su Cheng was so happy that he walked around Tian Dongliang as if to show off, and finally stopped by the trading pool.
This is also the core and busiest place of the entire exchange.
In the trading pool surrounding the circular pillars, dozens of traders shouted loudly while stretching out their fingers and making various gestures, either with their fingers open and their palms facing outward, or with their palms facing inwards and hitting their faces, or with their thumbs Down, or thumb up, or making a fist, or pinching your fingertips
There are two people sitting on the high platform next to the trading pool. They are like hosts, monitoring the market and confirming transactions.
Traders have electronic monitors on their waists, from which they can receive various on-site or off-site instructions. Traders complete order transactions through gestures and shouts.
Generally speaking, a transaction only takes a few seconds to complete and confirm, which is slower than electronic transactions, but much faster than people think.
The traders on the floor are all craftsmen passed down from master to apprentice, and they are very particular about integrity. If someone breaks the contract at any time, there will no longer be anyone willing to trade with him, and the only result will be to be eliminated. .
Tian Dongliang was immediately impressed and couldn't help but said in Chinese: "Is this the public outcry of the London Stock Exchange?"
"Yes, have you seen it before?"
"There are also domestic ones. There are also domestic ones." Tian Dongliang repeated twice, staring down, as if he was afraid of disturbing them, and whispered: "The exchange in Suzhou, the exchange in Zhengzhou, and the metal futures exchange in Shanghai They all use manual bidding, but it¡¯s not so lively, not soprofessional.¡±
¡°It feels different to shout prices in English and to shout prices in Chinese, right?¡± Su Cheng was also surprised when he came here for the first time.
Even 20 years later, the manual outcry trading method is still common in major exchanges in the world, especially in financial news. Whenever there is a change in stock prices or crude oil prices, there will always be a group of people shouting on the TV screen. Also calling traders as background is simply childish and ridiculous to people who don¡¯t know what is going on.
However, in such trading pools of more than 100 square meters, groups of naive and ridiculous traders who shout and yell like children affect the cost of living of most people around the world. Grain prices, feed prices, coffee prices, coal prices, steel prices, non-ferrous metal prices, and commodity prices around the world are basically found in futures exchanges.
In the 21st century, even those who live in the mountains are not immune to the influence of the futures market. The first thing to consider is the price of grain. Whether it is rice, wheat or soybeans and peanuts, their prices are discovered in futures trading. All condiments have also been made into financial derivatives, not to mention bulk fertilizers and feeds. This is not the case with farm tools, cotton and wool textiles used to make clothes, and wood, channel steel, and screws used to build houses. Even locally produced cement and bricks are actually still affected by energy costs in production and transportation, and their transmission speed is often beyond people's imagination.
In Tian Dongliang¡¯s eyes, witnessing the operation of the world¡¯s economic bearings gives him some insights.
He quickly fell into memories, showed a smile and said: "The first time I saw manual bidding was when I was in school, watching the video. I remember the internal video was from Nasdaq in New York, USA. I didn't understand it at that time, and everyone laughed. Afterwards, I visited several domestic exchanges and immediately noticed the difference. Now that I am on site, I feel even more deeply.¡±
Tian Dongliang has studied finance all his life, and he was completely infected at this time. He couldn't help but said: "Look at the electronic screen above your head. The traders first reach an agreement on the transaction price and transaction volume, and then type the data into the electronic system. Then it was displayed on screens all over the world. I didn¡¯t expect that we could also witness the formation of these prices. It¡¯s great.¡±
Su Cheng changed from a tour guide to a guided tour, and then back again naturally. He pointed his hand forward and said: "Milton, the tall bald guy is our trader. He has been working for us since two months ago. We made a deal.¡±
"Dahua Industrial bought a seat?" To enter the trading pool to do transactions, you first need a seat.
"The Pan Asia Fund rented one." Su Cheng corrected slightly.
"How much?" As soon as the words came out, Tian Dongliang said a little embarrassedly: "You don't have to worry about my professional habits."
"This is not a secret. The rent is about US$10,000 a month."
Tian Dongliang was surprised and said: "It seems quite cheap. Domestic?A seat costs 10,000 to 20,000 yuan. What about buying one? "
"Crude oil seats are relatively expensive, more than 2 million U.S. dollars. Coffee futures are also very popular now. It is said that Brazil's coffee production is reduced. Seats are about 300,000 U.S. dollars, but renting them only costs 1,000 U.S. dollars a month. Metal and sugar are cheaper, 15 About 10,000 U.S. dollars. What about domestic prices?" Sioux City also asked about the price casually. Pan Asia Fund does not need to be stationed on the exchange for a long time, and renting seats is more convenient than buying seats.
Tian Dongliang works at the Bank of China and interacts with people in the industry every day. He casually said: "You cannot buy or sell seats on domestic futures exchanges. You can only apply for them. The fee is about 600,000. It cannot be done by individuals. You must be from a futures company or a large company." Spot merchants, by the way, copper futures are very popular this year, the price of copper has risen from more than 20,000 to more than 30,000, and the seat price seems to have reached more than 10 million yuan."
"The price of copper." Su Cheng touched his forehead. He had no idea about this kind of information. If he could predict the news, the price would rise by 50%, which would make him ten times the profit. For a businessman with a relatively small business, he could reach the sky in one step. It¡¯s not an exaggeration.
However, at the scale of Dahua Industrial, a few trading pools such as crude oil can accommodate it.
Tian Dongliang quickly focused his attention on the tall, bald Milton.
There was a group of traders around this guy, and his hands were flying in the air, from left to right, and then from right to left to respond to other traders. Whenever the other traders hesitated, they would quickly jump over. Start by trading with another trader.
That action reminded Tian Dongliang of a one-to-many chess match - masters paraded around the field, and every time they came to a chessboard, they would move without thinking. On the other side of the chessboard, there was another chess player who was thinking hard. Make background.
"He's selling short all the time?" Tian Dongliang could clearly see the movements of his hands.
Su Cheng nodded and said, "The money we prepared is used here."
"This guy is like a whale. There are at least 20 people across from him. That's dozens of companies?"
¡°There are still customers behind the company.¡± Su Cheng nodded again.
Tian Dongliang took a breath of cold air: "You are going against half of the market."
"You already know that, right?" Su Cheng said with a smile and said, "However, you can still see it clearly in the manual bidding market, right? There are more than 20 traders opposite one trader, and there are more than 20 other traders. A trader was playing soy sauce, and the support rate of both the long and short sides was immediately reflected."
Tian Dongliang looked blankly at the crowd in the trading pool. Milton was as energetic as a vulture. He kept selling crude oil in August, September, and October. People could not see the point. After just concentrating for five minutes, he would feel exhausted. It was hard for Tian Dongliang to imagine how these traders persisted over time.
He tilted his head, just in time to see Su Cheng¡¯s focused gaze, and couldn¡¯t help but ask, ¡°Why did you bring me here?¡±
"The country must also want to know this information. I originally wanted to write a report myself, but I happened to meet Manager Tian. With your academic qualifications and work background, it seems more appropriate than mine." Su Cheng rubbed his chin. He said with a smile: "I will not ask to see your report, nor will I ask you to write anything, as long as it includes our work in London."
After a pause, Su Cheng looked at Tian Dongliang's eyes and said: "If there is no accident, not only the ministries and commissions, but also the State Council will be interested in this news. How about it? If you are willing, I will send someone to accompany you. You do the research."
"I can write it any way?"
"As long as the facts are true, you can write whatever you want." Su Cheng has no plans to change nationality, and his company will not change nationality. As a Chinese and a Chinese company, the biggest constant is imperfect laws and the best dividends. It is also an imperfect law. For Dahua Industrial, insider trading in the international futures market has absolutely nothing to do with illegality, and if foreign courts want to prosecute, the success rate is extremely low.
Tian Dongliang¡¯s heart was pounding.
¡(To be continued. Please search Piaotian Literature, the novels will be better and updated faster!) - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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