"We're rich now! We're rich now!"
Stepping out of the VIP room, Ma Guoliang could no longer contain his excitement, his face beaming like a chrysanthemum.
As a client manager at a private bank, you may look respectable, but that's just a facade.
How much they earn depends entirely on the client's investment preferences.
If they encounter clients who are cautious about investing, their take-home pay may be less than that of an average bank employee.
The stock index futures that Chen Dong chose to invest in are high-risk investments.
Bonds, funds, stocks... are nothing compared to stock index futures.
Ma Guoliang comes and goes like the wind; he's racing against time.
He even forgot the proper etiquette towards his clients.
Chen Dong didn't care about any of that.
He values the other party's professional level more.
Chen Dong was quite satisfied with Ma Guoliang's answer to the question.
A private banking client manager is essentially a personal butler.
It is a service launched by every major bank in order to retain its high-end customer base.
Behind them, there are professional teams on standby at any time.
Ma Guoliang serves as the link between customers and the bank.
The more comprehensive your knowledge, the better you can help your clients.
It's like you tell the housekeeper you want to eat Chinese cuisine, and he finds you a Sichuan chef.
As it turns out, you're a native of Guangdong province and can't eat spicy food at all.
How embarrassing!
From the housekeeper's perspective, it's just a Chinese chef, so what's wrong with hiring a Sichuan chef?
It seems correct on the surface, but you don't need it.
certainly!
This is just a metaphor.
The financial sector is much more rigorous.
For Chen Dong, a suitable trader is far more important than a good trader.
In terms of judging the situation and controlling the future, even the best trader can't compare to a reborn individual.
Ma Guoliang's answer wasn't wrong, but it did show that he lacked a sense of the situation.
On September 3, 1986, the Singapore Exchange launched the Nikkei 225 index, which diverted some of the trading volume from the island nation's stock market.
In response to this situation, the Osaka Stock Exchange officially launched Nikkei 225 index futures in September 1988.
Due to strong market demand, the Nikkei 225 index futures market became active quickly after its launch, and at one point became the world's largest stock index futures market in terms of trading volume.
There is only one reason for this situation.
That's the opposing side!
Essentially, this is a zero-sum game.
Whether you're bullish or bearish, without any competitors, the money you earn is just paper wealth.
The main bullish force on the Nikkei 255 index comes from island nation conglomerates, while the main bearish force comes from Western capital.
Most of the funds of the major bullish and bearish forces are being fought on the Osaka Stock Exchange.
Meanwhile, the Nikkei 255 stock index futures launched in Singapore have a daily trading volume of less than 5,000 contracts.
When it fully matured and its trading volume began to increase, that was after 1993.
However, Chen Dong's funds are the same no matter where he put them; they won't even make a ripple.
I was thinking about these things.
Ma Guoliang led a foreigner in.
"Chen Sheng, his name is Henry, is a professional trader who worked in investment banking on Wall Street for 5 years and has rich practical experience."
As Ma Guoliang introduced the trader, Chen Dong's eyes were also scanning him.
Henry possessed prominent Western features: tall stature, a high-bridged nose, large eyes with blue pupils, and a muscular physique with thick body hair...
At this moment, he looked serious and focused.
But the moment he opened his mouth, his goofy nature was revealed.
Henry said in very broken Chinese.
"Hello boss, I'm Henry, you can also call me by my Chinese name 'Wangcai'. I believe that with me on board, you'll definitely have abundant wealth and boundless energy..."
"......"
Chen Dong almost laughed at his words.
Prosperity?
The spirit of a dragon and a horse?
It's amazing that this foreigner could come up with such an idea.
If he knew that Wangcai was named after a dog, I wonder what he would think?
"Manager Ma, how about I speak with Wangcai alone?"
"Okay, Mr. Chen, please feel free to contact me anytime if you need anything."
Ma Guoliang was very sensible.
Upon hearing Chen Dong's order to leave, he immediately took out a business card from his card holder and handed it to Chen Dong.
Then, without looking back, they quickly left, showing no intention of staying.
"Wangcai, I have HK$15 million in funds and plan to short the Nikkei 255 index. I wonder how long it will take you to complete the position?"
Upon hearing this, Henry answered without hesitation.
"Boss, the Nikkei 255 stock index futures are settled in Japanese yen."
"One standard lot is a contract, and the current market price is..."
“Each standard lot fluctuates by 5 points, which is equivalent to 50,000 yen or 325.7 US dollars.”
"To trade one standard lot, at the current exchange rate of 1 US dollar to 153.52 Japanese yen, the margin required for each lot is US dollars."
Professionals are indeed extraordinary.
Hearing this answer, Chen Dong nodded in satisfaction.
At the current exchange rate, HK$15 million is approximately equal to US$1.9252 million.
This money is only enough to buy an 89 standard hand.
In addition, Chen Dong has another $400,000, bringing his total funds to $2,325,200.
After buying 100 standard lots, the remaining funds are US$162,700, equivalent to HK$1,267,000.
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