The world's richest man: I am a stock god

Li Jin also saw Huang Feng's expression, his expression was still the same as before, with a slight smile on his face.

"go on."

Li Jin's voice was full of encouragement.

He also saw that Huang Feng must have guessed something, so his expression was weird.

So now he is very curious as to which step Huang Feng has guessed.

This directly determines how much industry he can safely invest in Huang Feng in the future.

Huang Feng got encouragement from Li Jin and had no choice but to bite the bullet and continue speaking slowly.

He had a vague feeling that this was Li Jin's test for him, and his originally calm heart couldn't help but become nervous.

“It’s not that no one sees the importance of the securities market, but no one has really tried to make this industry the only one.”

"In addition to the fact that securities are too unprofitable compared to oil and the like, and they have little incentive to join, there is another important reason, which is the issue of fund settlement!"

"You must know that the reason why these companies invest in securities companies is to solve the problem of cash flow, and these cash flows have to be spent. They must need this cash to be used directly without going through many conversion channels."

"So, they chose to settle in rice dollars. Even though they knew there might be a risk of being intercepted, they still had this choice!"

"In any case, this is domestic financing, and the risk of cutting off the money in the middle is much smaller than that of overseas activities. However, this also restricts the development of the securities industry, because once the middle dollar suddenly cannot be settled, the entire industry will be in trouble."

"Especially as an exchange as a securities trading center, it will be subject to simultaneous claims from all customers. No one can afford this amount of money."

"It is precisely for this reason that the exchanges in Iraq have always been scattered and established, mainly small and refined. No one has ever tried to build a large exchange that unifies all scattered and small institutions that resemble workshops!"

"Not to mention, establishing a securities regulatory commission like ours in China...because there is no clear inspection at all. You can't even monitor the source of fund settlement, how can you supervise the issuance and operation of securities?"

"In addition to these two points, there is one last reason why the securities industry has not taken off in Iraq. This reason is somewhat similar to the basic national conditions..."

"That is……"

Having said this, Huang Feng suddenly raised his head, his eyes gleaming with excitement.

"Brother Jin, I know why you said the situation is different now!"

"Because the final problem is that several major forces in the oil-related industrial chain in Iraq have been in a situation where they are fighting each other and are taboo against each other. They simply cannot trust each other."

"So based on this consideration, they are simply unwilling to put their stocks on the same exchange, because they don't know whether they will be targeted by the other party!"

"After all, many of these exchanges were built by themselves, and the relationships among them are very complicated. It is impossible to determine the real holders of these exchanges without spending a lot of effort."

"If you casually place stocks on an exchange where you don't know where they came from, who knows if your opponent is behind it? When will another manual thunderstorm happen, then... let alone solve their own cash flow problems, they will just hold on to their own money." All assets must be disgorged."

"At the end of the day, it's all about trust, and they're not going to trust each other."

"But... things are different now... they have the possibility to trust each other and unite!"

"because……"

"They finally have the same enemy."