Rebirth 1991: My Financial Era

He Linshi came to report the next day with a very upright attitude.

The first task Sun Chen gave her was to contact Qian Cheng and contact the human resources company, which was a headhunting company.

The headhunting company inquired about the needs and immediately arranged for managers with corresponding expertise to come over for interviews.

Sun Chen took this opportunity to give He Linshi face-to-face instructions.

"The focus of our financial business this year is trading. We now need three teams, one for the Hong Kong stock market, one for the Japanese stock market, and one for the commodities team. What we need is people with rich trading experience and strong execution capabilities, not mavericks. , is it clear?" Sun Chen said looking at He Linshi's pretty face.

He Linshi's face tightened and she looked serious. This is her first mission and it is very challenging.

"Okay, Sun Sheng." He Linshi said.

"How is the historical performance of Huifeng's self-operated team?" Sun Chen asked.

"It's quite satisfactory. After all, we are a bank and there are many restrictions." He Linshi's answer was also satisfactory. She didn't know her boss well yet.

"Ask the people in the team who have strong business capabilities but have been marginalized for various reasons if they would like to join my team." Sun Chen asked the people he had just hired to wave a hoe to his old club.

"Okay, let me ask." He Linshi replied.

At this time, the girl at the front desk knocked on the door and informed that the headhunting company had sent someone.

The person from the headhunting company was a human resources manager in her thirties named Wu Huizhen, whose English name was Sarah.

Hong Kong is an international city, and English names are a common practice. He Linshi's English name is Caroline, and Sun Chen's name is Richard.

"Sarah, welcome, I am Caroline from Huaxing Holdings, and this is my boss, Sun Sheng." He Linshi spoke gracefully in front of the guests.

"Sunsheng, Caroline, what is the positioning of your company? We will formulate a human resources plan suitable for your company based on the company's strategy." Wu Huizhen is very professional and goes straight to the point.

"Our company is committed to investing in the global capital market. We currently need teams from three directions: port city, Japan and commodities. Please introduce Caroline to the details." Sun Chen spoke concisely and comprehensively.

He Linshi repeated Sun Chen's previous request.

"First of all, we need to formulate a plan, including human resources strategic goals, job responsibilities, job requirements, promotion mechanism, salary system, etc." Wu Shuzhen said.

"Okay, Caroline will refine this plan under your guidance. Let's talk about recruitment first." Sun Chen didn't want to work step by step and needed to race against time.

"Start-up companies have not yet established a complete human resources training mechanism, so it is recommended to recruit mature people who are proficient in business, and then select new people later." Wu Shuzhen said.

"Yes, the three teams need three directors to lead the team, and each team has five mature traders. Caroline will communicate with you about specific needs." After Sun Chen made more detailed requirements, he returned to his office to think about the next step.

The Hang Seng Index is on an upward trend, representing a new economic growth pole, and the risk of long selling is relatively small; the Nikkei 225 is on a downward trend, representing Japan's temporary recession, and historical short selling is more enjoyable. Which one to choose?

Only children make choices, adults do too! Sun Chen gritted his teeth and made up his mind.

That afternoon, Wu Shuzhen faxed more than a dozen resumes, one of which aroused Sun Chen's interest.

Li Minhong, 38 years old, is from Hong Kong. He graduated from the Department of Mathematics at Stanford University. He has studied bonds and stocks for many years and has a flexible trading style. He left Tiger Fund and returned to Hong Kong for development. He has previously participated in Tiger Fund’s transactions in Japan and is currently in Hong Kong.

"Director He, please invite Wu Shuzhen to ask Li Minhong for coffee." Sun Chen shouted excitedly to He Linshi outside.

"Okay, Sun Sheng, does anyone else want to be notified?" He Linshi asked.

"Take it easy first," Sun Chen said.

The next day, Sun Chen took He Linshi to the agreed coffee shop.

Wu Shuzhen has arrived. When she sees Sun Chen, she stands up and introduces him.

"This is Sun Sheng from Huaxing Holdings, and this is Li Minhong, a former Tiger Fund trader. Please take a seat."

"Mr. Li, what is your business scope at Tiger Fund?" Sun Chen asked.

"Japanese investment is a topic that I have been studying. Since 87, I have been doing research on the Japanese market." Li Minhong briefly summarized his resume.

"I discovered the investment value of this emerging market, and then the fund began to invest money and form a team, and I became a member of the team." Li Minhong introduced his role in the team.

"How is the income of Tiger Fund?" Sun Chen asked.

"Since 87, the annual income has exceeded 100%, but last year it was a loss." Li Minhong said that Tiger Fund announced its performance to investors, and public information can be found.

"What's the reason? Can you tell me?" Sun Chen asked.

"Yes, this is the reason for my resignation. I know Japan's thinking and their policy trends very well. I think they will introduce strong policies to deal with domestic and foreign short-selling, and the stock market will rebound. However, the fund executives believe that the Japanese have already If you are unable to resist, it will fall directly." Li Minhong explained.

"In other words, the Japanese policies and funds penetrated their positions, and the closing of short positions led to this year's big rebound?" Sun Chen wanted to confirm.

"It can be said that from a transaction perspective, there are also some policy factors." Li Minhong is very honest.

"I understand, so which markets do you operate in? Is it convenient to disclose it?" Sun Chen asked.

"Trading was possible in the past and was a common practice for hedge funds. Before 90, we adopted a long strategy and basically only went long in the stock market and futures market." Li Minhong introduced.

Sun Chen motioned for him to continue.

"In 90, after we confirmed the trend, we sold short on stocks, short on futures, and bought certain call options to hedge." Li Minhong continued.

"Very clever. How did you confirm the turn of events?" Sun Chen was very curious.

"The emotional enthusiasm of the Japanese stock market, the valuation level, the potential of financial resources, and the key to Wall Street politics are all unanimously agreed that it can be shorted, and have developed hedging tools for the Japanese consortium to hedge against the stock market decline." Li Minhong revealed.

"Put option? It wasn't bought by American investors, but by a Japanese consortium? Did someone within them join forces with you?" Sun Chen said doubtfully.

"Yes, Wall Street has this influence. There is a faction in Japan that believes that we should hide our capabilities and bide our time, crack down on real estate, the stock market, and develop manufacturing." Li Minhong's answer exceeded Sun Chen's expectations.

"If you were to lead a team, which market would you choose for futures trading? Osaka, Japan or Singapore?" Sun Chen continued to ask.

“1986年9月3日，新加坡交易所抢先推出了日经225指数期货；1988年9月，大阪交易所正式上市了日经225指数期货。由于市场需求旺盛，日经225指数期货推出后迅速活跃，一度成为全球交易量最大的股指期货。”

“Would you choose the Osaka Exchange?”

"No, many media in Japan blame stock index futures for the stock decline. Since August 1990, the Osaka Exchange has continued to increase various restrictions, and stock index futures are close to stopping. The Singapore Exchange has no restrictions, and big funds have moved to Singapore." Li Minhong explained.

"Director Li, welcome to join Huaxing Holdings." Sun Chen extended a hand of friendship.