"Other ASEAN partners have asked Thailand to be more open to the capital market, and we also have the intention to make the capital market more active."
Kun Yu explained: "I have been preparing to promote the exhibition of futures and futures. ” "The trading volume of SET2O and SET5O is too small to play a role in diverting funds and balancing the risk of the stock market."
"The gradual opening up of the financial derivatives market is the trend of the times, but our control over the underlying market is too weak, which is a limitation."
"Originally, the solution was to issue sovereign bonds and divide the market share, but now, we can try another way."
Kun Yu has been talking, Lei Hao has been listening, the meaning of these words, laymen will only be confused when they hear it, but insiders can easily understand it.
Quite simply, the competition in the market is not fierce enough, resulting in an open market becoming a luxury, just like China's implementation of financial marketization, without the premise of sufficient capital participation, enough freedom is too excessive exploitation, the original top of the food chain of large capital will over-devour small and medium-sized capital and retail investors, resulting in the market showing a status quo of either not moving or dying.
Before listening to Kunyu's explanation, Lei Hao knew that Thailand had always had the intention of gradually activating the financial derivatives market, but they were too badly pitted by the Asian financial turmoil, resulting in this matter has been on paper.
Thunder concluded that Thailand is ready to increase the proportion of small and medium-sized institutions and retail investors in securities, activating the market with a large number of market participants.
Starting from industry, using the real economy to stimulate the capital market and gradually liberalizing the financial derivatives market is a good move.
However, international financial institutions, including Thunder, are distrustful of Thailand's plans, because European and American institutions have long controlled the country's financial markets.
With a bond holding ratio of more than 35, a trading volume contribution of more than 25, and a financial currency of more than 4o in their hands, the Thai authorities can only use policy power to slowly adjust.
"You're going to end up" Lei Hao asked, "Isn't that just a left hand hitting a right hand?"
European and American financial institutions control a large amount of capital in Thailand, but in fact, a large part of this capital is owned by Thais, but they entrust these institutions to operate, so the end of Kunyu is to fight with the left hand and the right hand.
"The financial market has always been left hand and right hand, isn't it" Kun Yu replied with a smile: "Europe and North America are in a state of both division and cooperation, Thailand has introduced Chinese red capital, and it is better for the three countries to compete for hegemony than to play with the pearls." ” Because of the establishment of the ASEAN Stock Exchange, Thailand must gradually open up the financial derivatives market, and then they will become politically pro-China, introduce Chinese capital, lay out industries, stimulate the financial industry, and activate the market Lei Hao felt that everything was connected.
"No wonder they prevented Thunder from using their own money to enter the securities market in a big way, because Thunder can go on debt and build funds, but the investors must be Thai."
Lei Hao figured it out.
The establishment and development of the ASEAN Stock Exchange is a long-term goal, but the Thai People's Exhibition of the local capital market is something that is being promoted all the time.
"I need more information."
Lei Hao's eyes lit up.
Thunder's entry into Thailand is to be optimistic about the economic exhibition here, to be precise, optimistic about China's ability to protect Thunder and obtain corresponding benefits.
Otherwise, the Indian stock market has risen by 23 so far this year, and Lei Hao will participate in it is also educated by the third brother in collaboration with European and American institutions, and the short-term fluctuations in the stock markets of China, Japan and South Korea contain enough benefits, so Lei Hao has no heart to run to fight wits and courage with Ah San.
Now it seems that Thailand should have come to the right place, first layout here, if the ASEAN stock exchange is established, Thunder's layout in the Asia-Pacific region will be a big step forward.
"Mr.
Lei, you must promise me one thing first," Kun Yu took a moment and said, "I ask Thai Thunder to be listed in China. ” "This is impossible," Lei Hao refused directly.
"It's just an independent subsidiary, not the whole group," Kun Yu added.
"That's impossible, we are a financial institution with a new rise in financial institutions" Lei Hao's words are enough to explain everything.
For those financial institutions that focus on channel business, brokerage business, fixed income business and other fields, listing is a good choice.
For a financial institution like Thunder, which mainly makes speculative profits, listing is to seek death, which is equivalent to handing over the lifeblood to the regulator.
What's more, Lei Hao was stupid to go public, he made money so fast, he had to divide at least 3O tradable shares to go public, plus some people in Thailand also had to take a part of it, what else did he play "I'm sure Mr.
Ray will agree."
Kun Yu showed a smile, he said so much, it means that the matter has entered the final negotiation stage, and if you don't fight for some benefits, it will be too late.
"I don't think there's anything to talk about about it."
Lei Hao shrugged his shoulders and said it didn't matter.
Although he said that, Lei Hao was still a little depressed in his heart, and it was unexpected for Kun Yu to suddenly push the negotiations here.
According to the hints of future information, Lei Hao should enjoy the fruits of victory today, waiting for Kun Yu and others to settle Thunder's illegal operation.
Now it seems that there are more chips thrown on the opposite side, but there are also more things to ask for, and things will definitely change.
Sure enough, before Kun Yu left, Lei Hao's office door was knocked.
At this time, it will definitely not be a trivial matter to dare to disturb the meeting between yourself and Kunyu.
"Senior brother, Mark was asked by the Bank of Thailand to assist in the investigation, and the news from HSBC was delivered."
It was Li Yingfeng who walked in, and he leaned into Lei Hao's ear and whispered: "Account problem, I don't know to what extent it will be investigated for the time being." ” Lei Hao was speechless, according to Thai law, foreign-funded institutions are not qualified for margin financing and securities lending without being licensed, and even if they do, they are also providing brokerage services, and in addition, Thailand has also made a lot of restrictions on options, accounts, and securities holding ratios.
For example, if you hold enough shares in a listed company, you have to make a report, and you will exit after you enter the market, and after the capital reaches a certain level, you still have to make a report, and you will almost have to report when you go to the bathroom.
Of course, financial institutions said that they would sell batches, so everyone would do some side-kick operations, and HSBC Holdings was no exception, and the Thunder option contracts were even more clearly violated.
However, Thailand's financial supervision model is between centralized and self-disciplined intermediate supervision, HSBC Holdings is a bank, and Thailand has a "universal bank" system, and the Bank of Thailand and the Securities Regulatory Commission of Thailand want to find out these things, and they face many problems.
"HSBC Holdings is suspected of illegal operations, suspected to be related to the strange rise in the stock market" The Securities Regulatory Commission arrived after Li Yingfeng, and the headline was also hung on the official website
.
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