Unconsciously, Gao Xian made another innovation in finance and planned to launch ETF. The gold content of this innovation should be praised by Wall Street, including Morgan Stanley and Goldman Sachs. Xiangjiang capital market can also play financial derivatives, especially when dealing with the stock disaster and the default risk of Hang Seng Index Futures, Come up with an idea.
So, what is the operability of taking the lead in launching ETF in Xiangjiang?
First of all, it must be pointed out that the positive attributes of ETF are indeed worth a try, and there are some signs in the American market with the most active financial innovation, but it is not as good as Gao Xian's ability to control the Xiangjiang financial market through the Xiangjiang financial authority, as well as holding so many low-priced stocks all at once, so he can only lag behind in the launch speed.
Gaoxian brewing ETF is not only to arrange a proper scheme to return to the stock market for a large number of stocks held by Xiangjiang development investment fund, but also to have deeper consideration.
For example, it can be extended in terms of operation and make capital guidance in emerging industries such as semiconductor, computer, Internet, new media and video games.
However, the significance of launching ETF for the current layout is Xiangjiang securities industry.
Hang Seng Index Futures series products are traded on the Xiangjiang futures exchange, while ETFs are traded on the Xiangjiang stock exchange. Thanks to the efforts of the Xiangjiang financial authority to rescue the market, sir Gao, President of the Xiangjiang financial authority, stretched out his hand longer to grasp the Xiangjiang securities industry, and there is a reason for water to channel success.
Today, the English media made headlines with an article entitled "cancer is eating into the financial heart of Xiangjiang", severely criticizing Li Fuzhao's decision to suspend the market. In other words, they finally fired on Li Fuzhao, calling him cancer, and believing that this cancer has seriously damaged the reputation of Xiangjiang's international financial center.
This dynamic falls into the eyes of Sir Gao who always pays attention to relevant information, so he can't hide the purpose behind it. The Xiangjiang United stock exchange headed by Li Fuzhao is about to start liquidation.
The Black Monday global stock market crash started from the New York stock market and fell one after another like dominoes. Looking at it from another angle, it is not a closed loop for the free operation of international capital. As a result, Li Fuzhao shut down the Xiangjiang stock market for four days, forming a short circuit, which is likely to delay the grand plan of harvesting a book in the future. How can wall street give up, Whether you are aware of the seriousness or not, Li Fuzhao is bound to kill the chicken and frighten the monkey and make the Xiangjiang securities industry the most ideal position.
Gao Xian also acknowledges that there are big problems in Xiangjiang securities industry at this stage and need to be rectified, but this does not mean that he is willing to see that Xiangjiang securities industry is completely at the mercy of outsiders, and then loses the dominant power. We are not without the wisdom to solve the problem.
Anyway, the general situation of the cold war is still there. A book is the first harvest target. Take advantage of this gap, we should try our best to play a game.
Of course, these considerations can only be implemented after the huge default risk on the last settlement day of Hang Seng index futures can survive tomorrow.
For the huge default risk on the final settlement day of Hang Seng Index Futures, Gaoxian's response idea is to dismantle those clustered futures contracts as much as possible and disperse the risks together to November or even December; At the same time, the Xiangjiang financial authority will provide the Xiangjiang Futures Guarantee Company with reserve fund support.
That's why we say that the Xiangjiang stock market can't keep falling, and even the Hang Seng index will lose 2000 points. Otherwise, if we let freedom go, November and December will still be a painful period, and the idea that long pain is better than short pain is too wishful thinking.
When the Xiangjiang development investment fund has finished its liquidation and achieved the effect of stabilizing the Hang Seng Index, it will properly deal with these stocks from bottom reading, so that they will eventually return to the stock market, but will not have a new impact on the stock market. The Xiangjiang stock market in November and December has the expectation of stability.
It is not difficult to see that Gao Xian's innovative proposal of ETF is not an expedient measure that can fool for a while. It has a very heavy formal role.
Therefore, when introducing the ETF strategy in detail at the press conference, sir Gao, President of Xiangjiang monetary authority, spared no effort, a bit like a product salesman.
Soon, the reporters received the ETF materials distributed by the staff, and the name of TraHK fund came into sight.
Even the name of haocaitou has been given. It seems that Xiangjiang financial authority is not acting in a hurry.
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The awesome press conference of the Hong Kong Monetary Authority has opened the market for the forenoon of the Hong Kong Monetary Authority, which has continued the morning trend. The buying is quite powerful. Obviously, the pessimism has been further dispersed under the leading effect of the Xiangjiang development investment fund and the Xiangjiang Jockey Club.
The Hang Seng index futures market on the other side is a little quiet. You know, this is the last trading day of the Hang Seng index futures market this month. It can be said that we are racing against time.
Are these players in a daze?
The answer is obviously No. they are digesting the information at the press conference of Xiangjiang financial authority at full speed, especially analyzing every sentence of Sir Gao, President of Xiangjiang financial authority.
The Xiangjiang monetary authority under the leadership of Sir Gao stretched out its hand a little long, so what?
The strength is there. If we push the situation to the present, what else can we do except accept it?
This is to build a new financial order in Xiangjiang from zero to one.
After the stock market started in the afternoon, the Hang Seng index continued to rebound and has returned to 2300 points in the warm atmosphere in the trading hall of Xiangjiang stock exchange.
If the rescue plan of Xiangjiang financial authority has such a strong effect on Xiangjiang stock market in November, the market of Hang Seng index futures market will certainly get better.
With the passage of time, a manager of an organization finally made a decision by biting his teeth. Mole ants are still greedy for life. Even if they can die later, it's good to transfer the warehouse!
With such leadership, the Hang Seng index futures market came to life again, and trading orders began to be issued intensively, which was a busy scene in an instant.
On the stock market side, when the market closed in the afternoon, the Hang Seng Index, which rose sharply all day, returned to 2351.
The press conference of Xiangjiang financial authority has also ended successfully, and Sir Gao greeted the media. Tonight, Xiangjiang financial authority will hold a meeting with Xiangjiang futures exchange overnight to evaluate the situation of the final settlement day of Hang Seng Index Futures tomorrow.