Chapter 401 Hidden Position

"Cross-hold corresponding fund shares." Shan Zhenjiang has great expectations.

The so-called mutual holding of fund shares is a way of cooperation within the financial circle. Of course, the flow of funds will not be on the table, but through a series of means, agreement terms are made on the shares of several funds. Because It has been detoured several times and it is involved in private equity funds, so it is difficult for the regulatory authorities to find it.

"Mr. Lei can close the position and make a profit when the time comes." Gu Changzheng showed his sincerity at the side.

The so-called first-in, first-out means that the fund you manage can get the most returns with the same risk. Although the actual money earned will not increase, the performance will be very good. Many star funds in the financial circle have similar operations.

Are there any benefits to accepting this partnership offer? Of course, Xinfeng's various resources such as funds, personnel, platforms, channels, etc. are all advantages. When your position reaches the current scale, you can no longer consider the factors of the securities market alone. Other aspects are also important.

But this cooperation is difficult to succeed. If the share exchange is successful, Xinfeng, who is also an industry insider, will definitely be able to see the clues to Lei Hao's capital operations. If we think about the recent market anomalies, won't they be able to guess it? Lei Hao didn't want Xinfeng to know about these things for the time being.

Furthermore, Lei Hao's current book profit is much higher than that of Xinfeng. When the industry calculates the net value of fund shares, book profits are not included. This is also a nonsense.

The most important thing is that Lei Hao's income and compensation are definitely unacceptable to Xinfeng.

Why? If you take so much, won’t others take less?

Then... Lei Hao will definitely not accept the conditions that reduce his profits. His position is not 50,000 lots, but 170,000 lots. There is more than 10 to 20 million in it.

To sum up, Lei Hao knew very well that it was impossible for him to achieve this kind of cooperation with Xinfeng. What everyone could do was to communicate with each other and make some empty promises.

There is no sincerity in the financial circle.

In the business box, there were five sofas with a total of eleven seats. There were only five people left. Lei Hao and his girlfriend were sitting on the right side. He could feel everyone's eyes focused on him.

"We have no basis for cooperation." Lei Hao spread his hands and said, "Even Qingyu and Lei Ting do not have a cooperation method of exchanging fund shares. Besides, the income and remuneration stipulated in the contract between the two parties are different."

"This time is different." Shan Zhenjiang thought about it and said: "The principle of the market is that there are as many put contracts as there are bullish contracts. The short positions are now close to 370,000 lots. Don't Mr. Lei think this is a dangerous signal?"

"The truth is more dangerous than you imagine." Lei Hao glanced at Shan Zhenjiang but did not say these words.

When calculating positions in the Chinese futures market, one is long and one is short, so the total position is two lots, and this number is always an even number.

Currently, the total holdings of cotton futures contracts are close to 740,000 lots. In other words, there are nearly 370,000 long and short lots each. Lei Hao knows that he has 170,000 lots. If Xinfeng also has 130,000 lots, what is the concept?

Excluding them, other market participants only have a total position of 440,000 lots, of which short positions hold 370,000 lots. In other words, in the cotton futures market that has increased by more than 8% in a short period of time, the main bulls are actually Thunder and Xinfeng. and Qingyu.

Lei Hao felt a little frightened when he was operating. Seeing that Gu Changzheng and Shan Zhenjiang had miscalculated the risks, he actually had a headache.

tell them? What a joke, all Lei Hao would say is the 50,000-lot open position. What he wants is for Xinfeng to continue to be at the front.

"Qingyu and Leiting, there are 50,000 contracts in total. When Xinfeng starts operations, we will do what we should do." Lei Hao lied without blinking.

Shan Zhenjiang and Gu Changzheng exchanged glances, and immediately lied: "Xinfeng does have a position of 80,000 lots, but when we add the spot market, we need to invest a lot of money, but the profits are not equivalent."

"The risk is also small! There is no profit in the spot market. Will those people follow suit?" Lei Hao did not think that those people in the real economy were conscientious merchants. "And the Thunder's advantage was gained by us, so there is no reason for us to give up."

The sincerity is gone, and what is left is their own calculations. What Lei Hao wants to say to Shan Zhenjiang and Gu Changzheng is actually this. He can guarantee that there will be cooperation to a certain extent, further? forget it.

Now the Thunder are not only facing short sellers, they are also scheming against their teammates who are bull sellers.

When it came to benefits and rewards, Shan Zhenjiang and Gu Changzheng stopped talking. After everyone dispersed, they silently sorted out today's experience and sorted out some things.

"It seems that Lei Lei is a little content to follow us and make profits." Gu Changzheng smiled bitterly and said, "I thought this tiger would be a little aggressive."

"Maybe they are like us, with some hidden positions." Shan Zhenjiang whispered: "We have 110,000 hands, Lei Ting and Qingyu add up to 50,000 hands, the longs total 370,000 hands, and the rest are 210,000, at this price, it shouldn’t be.”

"Okay, the total of the two Thunder funds is only 500 million, holding 50,000 positions, plus the early profits, it is very similar to their previous operation methods." Gu Changzheng spoke with data.

Shan Zhenjiang nodded. Lei Hao's style is to move in quickly and exit quickly when profits are made. Xinfeng used this place to set up a trap and "lowered" Lei Hao's position. Now they can still coax Lei Hao to agree. Making corresponding contributions is already a good ending.

"He has a vision, so it is only natural for him to follow and make money." Shan Zhenjiang thought with a smile.

Lei Hao walked out of the hotel and got into the car. Next to him was his girlfriend Qiu Yuting, and Qin Yu sat in the passenger seat.

"Sure enough, Xinfeng miscalculated the risks, and now it's more troublesome." Lei Hao felt a little irritated, but soon regained his confidence: "This month, good things for enterprises will come out, supply and demand, supply and demand, Cheng Ye policy, Defeat is the policy.”

Thoughts flashed through his mind one by one. Of course Lei Hao didn't know that Gu Changzheng and Shan Zhenjiang were looking down on him, but he could feel Qiu Yuting's worry and Qin Yu's hesitation.

"Does Mr. Qin have channels in the spot market?" Lei Hao asked with a smile, "We may need to make some preparations."

"With Xinfeng here, it's enough." Qin Yu was a little confused and persuaded: "Actually, there is still a lot of room for cooperation between the two of us."

"Qingyu has it, but Lei Hao doesn't." Lei Hao shook his head. It's not time to unveil it yet.

Qin Yu doesn't care, he has already made a lot of profit with 200 million, and now Xinfeng is in front, the risk is not too high at all, and he has always given the greatest support to Lei Hao's requirements.

"Qingyu has channels with some warehousing groups. I will give you the information when I get back." Qin Yu said simply.

Lei Hao nodded, but no one knew that his operation this time and the short force he faced next were no small matter.