Chapter 543： Create a world-class stock market index (1/2)

Xia Yu’s question was directly at the core of the Financial Times, and Clyde Albert had to answer solemnly.

When the Financial Times Group was in his hands, his idea was to continuously improve the quality of articles, so he focused on expanding the collection target, cooperating with economic and business experts and scholars from various universities, and elite practitioners in the financial industry.

The gradual increase in sales over the years has proved that his idea is correct.

In the past five years, the quality of the articles in the Financial Times has become higher and higher, and various analyses have been introduced. The reading value is extremely high, the reputation has naturally continued to ferment, and there are more and more loyal readers.

So Clyde Albert stated his practice and thoughts truthfully, and after speaking, he looked at Xia Yu quietly, waiting for Xia Yu's evaluation.

Although he thinks his approach and method are right, Xia Yu is now the boss, and the decision is in his hands.

Seeing Xia Yu nodded with a smile, and Clyde Albert had time to be happy in the future, he saw Xia Yu smiling and shaking his head again, his heart hanging slightly.

Then I heard Xia Yulang say: ”Clyde, your methods and practices have worked well. If you continue to develop like this, the Financial Times can remain the No. 1 position of the same category without accident, but his upper limit It is limited, and enough time is needed!”

”I ask you, according to what you said, do you think the ”Financial Times” can become a necessity for people in the financial industry? Can it create its own barriers to prevent other newspapers from surpassing it?”

After speaking, Xia Yu waited for his answer with interest.

Clyde Albert frowned, thought for a long time, and shook his head with a somewhat ugly expression: ”It can't be a necessity, and it may be replaced.”

Clyde Albert has an advantage, that is, he dares to look directly at his shortcomings and shortcomings. Because of this, he has been growing and his abilities have become stronger.

After listening to Xia Yu's words just now, he quietly analyzed and found that he really couldn't do what the boss said.

If he develops in this way, it will rely heavily on contributions from major experts and scholars. If a newspaper pays a high price to cut the paper, the advantage of the Financial Times will easily be lost.

Without those high-quality manuscripts, the quality of the ”Financial Times” will decline, and word-of-mouth will easily collapse.

Therefore, according to his method of development, the risk still exists, and the lifeblood is handed over to other people. This is not the behavior of a wise man. A media company that needs stability cannot do this!

But when there is no other way, his approach is indeed a good measure to increase sales. It can only be said that there are advantages and disadvantages!

”So it is necessary to create an irreplaceable advantage for the Financial Times and make it a necessity for people in the financial industry!”

Xia Yu raised the volume and said, with a firmness in his words.

Clyde Albert was shocked, feeling the determination of the boss, and wondering what the advantage the boss said.

”Boss, please point me!”

Clyde Albert lowered his posture and asked humbly.

”For example, let the Financial Times create an irreplaceable authoritative stock market index for the entire London stock market. If you name it, it can be called the London Financial Times Index. As long as the financial industry practitioners and investors want to study the stock market, they will give priority to London Finance. When the Times Index, the company is invincible!”

Xia Yu narrowed his eyes and said slowly.

”London Financial Times Index?”

Clyde Albert muttered, but frowned.

If you can really build the London Financial Times Index, there is no doubt that the ”Financial Times” will have a golden body, and any financial newspaper should not even think about surpassing the ”Financial Times”.

But nowadays, there are also a number of various financial indexes in London. Except for some compiled by financial service institutions, only a few are compiled by newspapers and have little influence.

Clyde Albert did not think about building a financial index, but because it was too difficult and risky, so far he just thought about it and didn't really implement it. After all, he did not have the confidence.

The stock market index is not easy to build. It requires a lot of research and analysis. The data is huge, the research is also difficult, and the data is still changing, so this work requires a lot of manpower.

A stock market index is an indicator number for reference that is compiled by a stock exchange or financial service institution to indicate changes in the stock market. Based on this, investors can test the effects of their own investments and use them to predict stock market trends.

At the same time, the press, company bosses and even political leaders also use this as a reference indicator to observe and predict social, political, and economic development.

Index calculation methods are generally divided into three types, one is the relative method, the second is the comprehensive method, and the third is the weighting method. Usually, the stock price in the reporting period is compared with the base period price and the ratio of the two is multiplied by the base period. The index value of is the stock index for the reporting period.

The world's well-known stock market indexes include the Dow Jones Index, the New York Stock Exchange Index, the Standard & Poor's Index, and the Nikkei 225 Index that uses the Dow Jones Index algorithm to evolve.

Of course, although the HSI is famous in Hong Kong, it is only a small name in the world because of the size of the Hong Kong stock market.