v3 Chapter 1119： Hands on the futures market (1/2)
Chapter 1119
When it comes to the question of activation, Liu Tianci dare not answer indiscriminately.
He fell into thinking. According to the company’s internal plan, the combination is the actual situation. After thinking for a long time, he said: “Chairman, you have your previous strategic guidance, and then refer to other large stock exchanges in the world, the Xiangjiang Stock Exchange. The construction of the system is very fast. The complete system draft has been completed last month, and is currently being checked for deficiencies. The complete system can be released within four months at most.”
”In terms of hardware, the Hong Kong Stock Exchange will completely abandon the remaining manual transactions and fully adopt a computer-assisted trading system for securities trading. The machines are all in place, and the commissioning of all machines can be completed in two months at most, until it waits for activation... ”
”I personally expect that it should be possible to complete all the work in October at the earliest, close the four major exchanges, and open the United Stock Exchange.”
”Even the most conservative situation can be activated before December this year!”
According to Liu Tianci, it would take another five to seven months!
This time is not long!
Once the United Stock Exchange is launched, Xia Yu can let go of his hands and say that Xiangjiang will become the financial center of Asia and the world!
He smiled and nodded and said to Liu Tianci, ”God gift, it's enough to be activated this year.”
”After I meet Peter Monroe, your work should be better.”
”Which areas still lack resources, you can tell me directly, I will arrange for people to deploy, and we must ensure that the United Stock Exchange can be activated quickly and steadily.”
”Ok!”
...
Later, Xia Yu explained something to Liu Tianci. After he went out, Xia Yu called Wang Qi and went to a place with him.
At first, Wang Qi was still confused, but when the car stopped and he got out of the car and saw a sign not far away, a shocking guess appeared in his mind.
”Wang Qi, let's go!”
Glancing at Wang Qi's shocked appearance, Xia Yu smiled faintly, greeted him, and walked straight to Xiangjiang Commodity Exchange Co., Ltd.
Wang Qi suddenly came back to his senses, catching up with Xia Yu's pace in three and two steps, and followed Xia Yu towards the Xiangjiang Commodity Exchange.
After walking in, the Xiangjiang Commodity Exchange was very deserted. Although many people could be seen trading, it could not be compared with any of the four major stock exchanges in Hong Kong.
Although the Hong Kong Commodity Exchange is currently the only futures exchange in Hong Kong, its operations are indeed not optimistic.
The Hong Kong Commodity Exchange was established in February 1977, and it has been five years now.
However, in five years, the Xiangjiang Commodity Exchange has developed six futures varieties, namely the raw sugar and cotton trading at the beginning, the soybean trading launched in 1979, the gold futures trading launched in 1980, and the silver trading launched last year. Futures and corn trading!
Last year, the total trading volume of the Hong Kong Commodity Exchange was only 2.6 billion Hong Kong dollars, which is equivalent to an average monthly trading volume of more than 210 million Hong Kong dollars. Not worthy!
Consider the trading scale of the Hong Kong Stock Market of more than 100 billion Hong Kong dollars a year. The trading volume of the Hong Kong Commodity Exchange is only less than one-fifth of the stock market. The gap is like a gap!
As one of the three major markets, the potential of the futures market is far more than that, and it does not conform to Xiangjiang's plan to build a financial center.
Without a huge and mature futures market, the prosperous stock market alone cannot support Xiangjiang as the world's financial center!
In Xia Yu's view, the Xiangjiang Commodity Exchange is a typical failure!
In February of this year, the Xiangjiang Commodity Exchange also conducted its first internal review in five years. The internal review also concluded that its own operations were not successful, and facing the current sluggish and chaotic financial market of Xiangjiang, shareholders and management are both Sorrowful white head.