At Haikou Airport, Chen Chen went to pick up his classmates.
"Old classmate, long time no see." Chen Chen, wearing a black handmade casual suit, opened his hands, smiled and went over to hug Zhang Chen.
This is Chen Chen's old classmate. They have a very good relationship. He seemed to have come to Chen Mo for a family reunion the year before last.
The two looked at each other and smiled.
After leaving the airport, Chen Chen opened the rear door of a Bentley Mulsanne and pointed with a smile. Zhang Chen lifted the suitcase up in a daze: "Okay, I didn't believe you before when you said you were a billionaire.
Now I have some faith.”
Chen Chen scratched his head and smiled: "It's my brother who has become rich. Now I work with my brother. By the way, don't leave this time. Stay and help me."
"How much salary can you give me?" Zhang Chen chuckled.
"What salary do you want?"
"The monthly salary... should be at least 10,000 yuan. It cannot be much lower than my current salary. I also have to support my wife and the child who is about to be born."
"I'll give you a monthly salary of 100,000 yuan." Chen Chen invited Zhang Chen to sit in the passenger seat. He sat in the driver's seat and started the car.
"A monthly salary of 100,000 yuan is too high. I'm not worth the money..." Zhang Chen shook his head vigorously.
"It doesn't matter whether it's high or not. Maybe after a while you'll think the salary is too low and want to work alone."
Zhang Chen shook his head: "I don't do anything illegal. So given my ability, what kind of job can earn a monthly salary of 100,000?"
"You'll know after you get there."
When he arrived at Yunshan District and Yunshan Market, Chen Chen went directly to the trading area on the second floor. Yunshan Market had been closed before. It was also the first time for Chen Chen to come here. He didn’t understand the trading rules here very well...
There are many people like Chen Chen, standing in front of the big screen and looking at the various information scrolling on it...
‘Today’s guide price for woolly pigs is 22.65 yuan per kilogram…’
"The contract for raw pigs in June, the first-hand contract is 200,000 yuan." The first-hand pig contract is for 100 pigs. The contract is issued by the Yunshan Trading Market. With the contract, you can go to the farm that wants to have pigs for slaughter in Yunshan District to see which one is more important.
The pigs from the farm are gone, then choose...
The book value of the first-hand contract is 200,000 yuan, but the actual payment only requires 80,000 yuan to hold the first-hand contract.
The first-hand contract is for one hundred pigs, and physical delivery is required. If the total weight of one hundred pigs is 11,200 kilograms, and one kilogram is calculated as 22.65 yuan, the price of one hundred pigs should be 253,680 yuan. For physical delivery, according to the then
Trade at the market price, and you can withdraw the spot by making up the difference...
After all, the contract for sale at Yunshan Market is 80,000 yuan per lot. And one hundred pigs cannot be worth less than 80,000 yuan.
The price of pork in the market is always changing. For example, in May, you can buy contracts for pigs to be slaughtered in June, and you can also buy pigs for July, August, September... This year, there are pigs for every month.
For example, in June, the Yunshan Market has confirmed that it can facilitate the transaction of 2 million pigs, and one contract is for 100 pigs. However, the seller of the contract is not the Yunshan Market, but various breeding companies...
Yunshan Market is just an intermediary, responsible for facilitating physical delivery or contract transactions, and playing a supervisory role.
Yunshan Market functions like a futures trading market in some aspects, but it is not a futures trading market. However, the transactions involved in Yunshan Market are huge, and the government has sent financial institutions to supervise them and are stationed in the market.
The contract was generated by the breeding company, and the breeding company placed the contract on Yunshan Market for consignment.
Equivalently, the contracts issued from the Yunshan market are all "put" contracts. If someone comes to buy this contract, the person who buys the contract is "bullish".
Contracts sold from the Yunshan Market can be bought and sold on the Yunshan Market platform before the contract transaction date... How many contracts can be issued in the Yunshan Market mainly depends on how many contracts the breeding company can issue for sale.
contract.
In addition, the breeding company that sells the contract needs to pay a deposit to Yunshan Market to prevent the situation from being unable to deliver the goods in kind.
If you want to enter the Yunshan market, you must not only check whether the other party is qualified, but also pay a settlement fee. This settlement fee will be returned if you withdraw from the market...
No matter how the Yunshan market operates, it must ultimately ensure that there are enough goods for physical delivery. This is a requirement of the government management agency... For example, in June, theoretically only more than 20,000 contracts can be issued, but in actual operation
, the number of contracts that can be issued is far more than 20,000. The main function of Yunshan Market is to promote the simplification of mass procurement...
"This is...the livestock futures market?" Zhang Chen asked, looking at the information scrolling on the big screen.
"Almost." Chen Chen smiled and said, "Let's go and walk around first."
"The price of a pig is 22.65 yuan per catty?" Zhang Chen looked at the scrolling big screen. He remembered that the pork he bought in his hometown cost 19 yuan per catty.
"Kilograms, kilograms, look at the units clearly." Chen Chen put his arm on Zhang Chen's shoulders: "Seeing these, do you have any ideas?"
"This place... looks similar to futures trading." Zhang Chen shrugged: "We have to look again..."
After walking around for a long time, Zhang Chen shook his head: "This kind of trading market has too many loopholes."
"Tell me about it."
"The transactions in the market are contracts. One lot of contracts, and the subsequent units are all one hundred. But when it comes to physical delivery, the specific price is kilograms... But this market should not be big. If there is enough capital, does that mean it can be done?
Manage this market?" Zhang Chen and Chen Chen went to the same school, but had different majors. Zhang Chen majored in finance and now also works in the marketing department of a large supermarket chain.
"Enough capital...to operate the market...how to operate?"
"As for the June contract, a contract is fixed at 80,000 yuan. The contract price is not equal to the price of 100 pigs... But holding a contract, in some respects, is equivalent to holding
I bought a hundred pigs, and they were pigs weighing more than 100 kilograms."
"Ah?" Chen Chen looked at Zhang Chen.
Zhang Chen touched his chin: "You can buy or sell here. That is, individuals can borrow contracts from the market and sell them, as long as they buy the contracts back before the contract delivery date to close their positions..."
"Ah?" Chen Chen was confused by his old classmate.
"In this market, the number of live pigs that can be delivered for physical delivery every month should be limited."
"certainly."
"Buying a contract costs 80,000 yuan, and borrowing a contract from the market to sell also costs 80,000 yuan."
"The handling fee for buying a contract is 100 yuan. The handling fee for lending a contract is 300 yuan." Chen Chen smiled and said.
"Then if you have enough capital, does it mean you can monopolize the contract for a certain month..."
Chen Chen touched his chin: "You may be wrong about one thing. A contract is 80,000 yuan, but it is not a fixed 80,000 yuan... Leverage is used here. A pig contract is equal to 100 pigs.
This includes the deposit and security deposit.”
Zhang Chen interrupted: "I know, but a contract is 80,000 yuan, fixed, and there is nothing wrong with it." This is almost the same as spot gold... Zhang Chen continued: "If you have enough capital, then
You can monopolize the pigs of a certain month. The market is not big after all. After the monopoly contract, the price of pork will definitely rise..."
"How much do you think it would cost to monopolize the pigs for a month?"
There are many people in the market, but there are not many people in the trading area. After all, it is the first day of opening...
Besides, he had never even heard of this market before.
"How many tens of millions does it cost to monopolize a pig for a month? Within 500 million, it should be possible..."
Chen Chen was speechless. As far as he knew, the Yunshan market could facilitate the delivery of 2 million pigs in June. This is still the most conservative estimate... The companies entering the Yunshan market are not only companies in Yunshan District, but also the largest domestic ones.
Of the 10 pig breeding bases, 6 have settled in Yunshan Market.
If you want to form a monopoly, you must control at least one-third, or more. Then you need to invest at least 500 million... But what happens next?