On Monday, September 7, the open interest of CSI 3oo stock index futures rose by 10,000 lots, and Nikkei 225 index futures soared by 8ooo lots.
On Tuesday, September 8, the open interest of CSI 3oo stock index futures soared by 20,000 contracts, and Nikkei 225 index futures soared by 15,000 contracts.
On Wednesday, September 9, the open interest of CSI 3oo stock index futures soared by 30,000 contracts, and Nikkei 225 index futures soared by 20,000 contracts.
Regardless of the futures market, the increase in total open interest represents one meaning: the divergence between long and short increases.
This is a very easy to understand thing, the more positions, the more funds entered, and it is a bilateral capital entry, which means that everyone has a different view of the spot market.
The futures contracts that expire in January are all up to the futures contract, which is only a little over a month away from the delivery date, and the long and short sides will definitely not be able to wait too long.
The most frustrating thing is that almost all financial markets are in a period of median shock, even if there are some relatively large up and down fluctuations, but they also offset the long and short impact on the two stock markets.
To sum it up: both sides are hedging with funds.
Billions of dollars of hedging is not uncommon in the financial market, which side is the most favorable in this state, and the answer is to wait and see the funds.
No more, no less, not too big, not too small, the funds are so hedged, and the wait-and-see funds to join which side is exerting their own pricing influence on the underlying spot, and the price is the factor that determines the outcome of the game.
However, there is a risk in entering the market, pending orders need to be cautious, and in the case of the price remaining unchanged temporarily, early entry can be smoothly absorbed, but there is a lot less room for turnaround.
Wait-and-see, continue to wait-and-see, continue to wait-and-see, whether it is Thunder, or Taihe, Mizusui, there are optimistic and not optimistic about their funds, this is the market that rises and falls, under the premise that there is no large gap in funds, in fact, everyone's probability of winning or losing is between the two.
The key lies in third-party funds, any third-party funds, for the sake of risk and return, most wait-and-see funds are not stupid, just sit and wait for any party to come to negotiate, and then they can use the least risk to obtain the maximum return.
"CSI 3oo has 20,000 hands."
"Nikkei 225 is about the same."
At Wednesday's regular meeting, as Xiang Yongze and Leo's words landed, everyone turned their eyes to Lei Hao.
According to common sense, it's time to find funds to enter the market, not only to share the risk, but also to increase the winning rate, Lei Hao used this method in the first few operations.
"A and B fight, A can find C to help, B can find D, then it will become C to fight BD, and then ace and BDF, the more people who enter the market, the more we need to pay."
Lei Hao opened his mouth and explained: "Now we have a tacit understanding with Taihe and Mizuho, don't we?"
There was silence in the conference room for a while, everyone understands the reason, in fact, everyone doesn't want Lei Hao to agree to the conditions of Keda and HSBC now, but after all, they have to contact it first.
Human beings are such creatures, Lei Hao is because he has future information, others don't know, in the eyes of Leo, Xiang Yongze, and Yu Rong, maybe the conditions of other institutions are not harsh, maybe others trust Lei Hao's vision, and they already feel that Lei Hao's vision is enough to crush the realistic probability and the trend of things There is always hope, people have no dreams, what is the difference between them and salted fish "I'll have news later."
Fortunately, after being in charge of Thunder for so long, Lei Hao also knew that even if he knew the result, the process needed to be carried out as usual, for example, he had already asked Xia Yibei to keep in touch with outside institutions.
As the head of the fixed income department, Xia Yibei is the person who has the most frequent contact with other institutions in the thunder, and sometimes, his connections are even more useful than Su Yiwen, and he is a senior executive who knows the investment plan, so the matter of liaising with external institutions is naturally on his shoulders.
With Thunder's results, Xia Yibei can also eat well in most institutions, and many institutions with high-quality bonds will even exchange bonds for some fund shares managed by Thunder.
There are also cases where people don't like it, like this one When he walked into the conference room, Xia Yibei's face was heavy, and his expression was a little helpless, and the people who had been waiting for him to arrive couldn't help but sigh in their hearts.
I thought it was another battle like the foreign exchange market, but everyone noticed that something was wrong with the situation from the four foreign-funded institutions that entered a wait-and-see state a few days ago.
By now, the situation has begun to become clear, in China, Thunder and Taihe fight for funds, in foreign countries, Thunder and Mizuho fight for funds, both places need help, of course, the opponent also needs, and then everyone is in the negotiation stage with institutions with a good foundation for cooperation.
"They relented, but" Xia Yibei first said something that everyone expected, but the turn was also expected by everyone.
Keda asked if EI had a strategic presence in Europe.
"HSBC is asking for a merger or cross-shareholding of Island Thunder and several of their investment companies."
"Prudential is interested in EI's bancassurance business."
"Standard Chartered is willing to cooperate with EI's Yuhua to open business in the U.S. market."
"On top of that, they are asking for a cross-shareholding between the holding company of KH International Bank and Thunder."
As the saying goes, the sky-high price is repaid on the spot, these conditions seem to be nothing, and one clause after another is even sending money and resources to Thunder and EI.
The problem is that what Lei Hao lacks now is not these, his intention to cooperate is a bargaining chip, everyone knows that cooperating with Lei Hao is profitable.
And this involves cross-shareholding, but everyone here knows very well that Lei Hao is more generous in terms of salary and benefits, and even dividends on dry shares, but equity is his reverse scale.
Driving away Qingyu is a clear proof that Lei Laohu, who was born at the grassroots, regarded Thunder and EI as his own property, and he could give dry shares, but he didn't release much of the shares with voting rights.
Now the four institutions are ready to let Lei Hao loosen his mouth, everyone knows very well that everything has a first time, when you give these four institutions equity, when there are other things in the future, others also want equity, so do you give it or not Besides, the holding company of KH International Bank and the cross-shareholding of Thunder are simply a big joke.
If Hong Kong Island Thunder, EI, Yuhua and other companies still have a chance to release their equity, the mainland Thunder absolutely not, except for Lei Hao and Qiu Yuting, Luo Ziyang and other veterans hold sporadic shares in their hands, which is still based on their original money and efforts.
What is KH International Bank, it is just a Keda, HSBC and other institutions and Thunder and Chinese-funded experimental banking institutions, that is, the one headquartered in the Shanghai Free Trade Zone.
This is a financial institution that has been congenitally defective since its inception, and its shareholders are all, but everyone just uses it as a platform.
To put it in layman's terms, KH International Bank is everyone's godson, but everyone has a son, and there is more than one, so the problem is, you use this thing to exchange equity with Thunder, thinking a little too much.
"Outrageous" "Dreaming" "This pack of maned dogs":