Friday, October 30, is the final settlement day of Hang Seng Index futures. For the stock market, it is the last trading day of this week and the last trading day of this month.

The Heung Kong Development Investment Fund's final stock purchase was not halted or timid due to a heated argument over whether it was stretching its hand too far.

The reason is very simple. Everything has been done, but how can it end in a tailspin? Precisely because today is the last trading day of this week and the last trading day of this month, it is even more important to run the data well to stabilize the stock market for the upcoming month.

The situation will be stabilized, and the situation in the Hang Seng Index futures market will also be stabilized.

In short, confidence is very important in this game!

Of course, Heung Kong Development Investment Fund's stock buying actions have changed somewhat compared to before. For example, the moves are no longer so bold and show a sense of selectivity.

Affected by this sustained and stable strong rescue, the performance of the Hong Kong stock market is at least on par with other stock markets around the world in terms of the recovery process from the stock market crash!

As for the Hang Seng Index futures market, which is shrouded in huge default risks, it is not so turbulent because of the dangerous situation. After all, the behind-the-scenes links such as payment, clearing, and settlement are not as complicated as the scolding Fang Qiu on the trading floor.

Much more eye-catching, even boring.

As of the closing time of the Hong Kong stock market at noon, the Xiangjiang Futures Exchange has not been overwhelmed by defaults, nor has any heavyweight investment institution with close ties gone bankrupt.

When Ma Shiheng, chairman of the Hong Kong Futures Exchange, gave a concise report on the phone, his confidence was obviously further strengthened. "Judging from the situation in the morning, the strategy of dividing and dismantling default risks is quite effective."

There are more than two million standard contracts in the Hang Seng Index futures market. There are spot month contracts, which means the final settlement date is today; there are forward contracts, which means the final settlement date is next month or December, etc.; because of the Hong Kong Monetary Authority’s rescue of the market

The positive impact of the results was that the Hang Seng Index not only retained 2,000 points, but also returned steadily to above 2,300 points. Feeling that there was still hope, a position rollover operation was made; there were also those who could not afford to lose, no matter how they flashed.

I feel that I have suffered a huge loss no matter how much I do, so I don’t even need the margin and pretend to be dead. In this case, only Xiangjiang Futures Guarantee Company will compensate.

After such differentiation and disintegration, some of the concentrated default risks will naturally be dispersed.

Gao Xian was also very happy that there was no danger in the morning. He reminded Ma Shiheng, "Don't forget to compile a list of defaulters as soon as possible, especially the typical ones. The more detailed the relevant information, the better. Let's see if it can be done."

Mechanisms such as credit assessment and negative lists can be used to target malicious breaches of companies that have the ability to perform but are liquidated."

Ma Shiheng was already prepared, "At dinner, I will send you a list of typical malicious breach of contract."

After putting down the phone, Gao Xian's nerves relaxed a lot. According to the trend in the morning, the Xiangjiang Futures Exchange should be able to get through the crisis of being overwhelmed by defaults without any danger.

Gao Xian began to think about the "famous" cards that could be used next, such as the settlement link, which greatly hindered the performance of the Hong Kong Futures Exchange, and the first ETF launch on the Hong Kong Stock Exchange, Tracker Fund.

By the way, the number of Huifeng shares purchased by Heung Kong Development Investment Fund has clearly exceeded 1%, which violates the provisions of the "Huifeng Regulations". Do you want to make a fuss about it?

With Gao Xian free, his thoughts began to wander to Gao Yi's bargain-hunting bank stocks in London and New York.

In the second half of this year, Forbes magazine carefully compiled a list of the world's billionaires who stole the show. Gao Xian was dismissive of the $20 billion person at the top of the list. With his real confidence, Sir Gao no longer needed With such a false reputation, one even has to deliberately keep a low profile.

An obvious benefit of being on the list of global billionaires is that financing is a little easier.

Gao Xian has Gaoyi who is mature enough. Especially Gaoyi has survived the global stock market crash and has been further tempered. To put it bluntly, his ability to use money has been further improved. In his eyes, money is really It’s a number, and the core is how much money can be spent to reasonably achieve one goal after another.

However, in terms of the ability to use money, Gaoyi is still not as good as the Heung Kong Monetary Authority.

For example, Gaoyi and the Hong Kong Monetary Authority both have US$30 billion, but within a safe range, Gaoyi's US$30 billion may only have the power of US$100 billion, while the Xiangjiang Monetary Authority's US$30 billion The U.S. dollar may have the power of 300 billion U.S. dollars.

This gap is determined by the difference in mechanisms between the two.

The Hong Kong Monetary Authority can amplify the effect through the Hong Kong Exchange Fund Bills, Hong Kong Exchange Fund Bonds, banking credit, insurance industry, etc. and add stronger leverage; if the Hong Kong Securities Industry and Central Clearing and Clearing Authority are included in the territory, it will be even more powerful; In Hong Kong, Gaoyi is just a part of the financial system supervised by the Hong Kong Monetary Authority.

As Gaoyi continues to grow to a world-class level, acquisitions and mergers are definitely a shortcut. For example, it is bargain hunting during the current global stock market crash. In addition, the UK has fully liberalized its financial market last year, which can be described as a God-given opportunity.

However, the acquisitions and mergers of international banks have always been extremely complex. In addition to the hard restrictions of financial policies, difficult problems such as corporate structure, corporate culture, operating mechanisms, and power distribution all test wisdom.

For example, at Standard Chartered Bank, Sir Bao and Qiu Deba are still fighting openly and covertly with the original top management of Gui Lao. It is not yet certain how much help this global stock market crash will bring.

In Gao Xian's eyes, the same acquisition and merger can also be done in different ways. In addition to the conventional direct acquisition and merger method, it seems that depriving some resources from Huifeng as a stepping stone in a roundabout way can save a lot of effort.

"Sir Gao, the internal news just came from the government, a review of the serious problems of the Stock Exchange during the stock market crash has been put on the table." The assistant came over in a hurry to report, "It seems that the stock market has stabilized. There will be no major problems at the Futures Exchange, allowing officials to take a breather and speed up the liquidation of Li Fuzhao's faction."

Gao Xian sighed softly, "Let's see how the Hong Kong government plays its cards. Let's wait until the Futures Exchange is sure to get rid of the risk of default."

It has to be said that no wonder the Hong Kong government ghost guy, who had previously agreed to suspend the market for four days, now has time to clear up the relationship. Sir Gao's rescue plan is indeed convincing. When the capital market closed after a busy day, except for the Hong Kong futures guarantee In addition to the company counting money and compensating the counterparties of defaulters in the Hang Seng Index futures market, the Heung Kong Futures Exchange is still standing well.

The huge default risk has been resolved!
Chapter completed!