Chapter 11: The Noodle Party (3)
Chen Zhihua and Li Xiaosheng were chatting in a harmonious atmosphere, but in Chen Zhihua's heart, he was still thinking about the previous question, so at the end he couldn't help asking: "Mr. Li, please allow me to be abrupt. Have you received any news about what would lead to a sharp drop in copper futures?"
Li Xiaosheng thought about it, then looked at Chen Zhihua and said, "I can't tell you about this matter, but since you want to know so much, it doesn't matter if you say it." After a slight pause, he continued, "Actually, our Qiji Group has opened a branch in mainland China. This time, the branch manager sent a message that the Bank of China will introduce a measure to relax the connection between RMB and foreign exchange, so we will determine that this time the London copper futures market will have a considerable oscillation."
Although this news was just a few words, Chen Zhihua knew how difficult it was to get such a piece of information, especially in a country like China where the economic system was not perfect. The market commodities such as stocks, futures, foreign exchange, and grain all have their own specific value, but this value will fluctuate up and down due to changes in various supply and demand markets. If you want to be tenable in the financial field, you must first have the usual channels to obtain information. After obtaining the channels, you must sort out and analyze these clever information, and finally get more real and useful information.
Chen Zhihua analyzed the information provided by Li Xiaosheng in combination with the current market. His brain was like a computer running at that moment. After a while, he said again: "Mr. Li, I don't know how you got this information, and I won't say whether it is true or false. But I think even if the Chinese government appropriately relaxes the control of RMB and foreign exchange, the copper price will not fall."
"Why do you say that?" Li Xiaosheng frowned slightly, "The appreciation of the RMB will definitely affect the decline in copper prices, which is unquestionable."
While sorting out his thoughts, Chen Zhihua said in an orderly manner: "If the price of copper prices is indeed undervalued compared to the prices of precious metals such as silver and gold, there is no doubt that the rise in copper prices has become an inevitable trend in the past or two years. However, I think this wave of copper futures rise did not occur at the level of copper value, but caused by multi-faceted speculation from international funds." After a slightly paused, Chen Zhihua continued: "The appreciation of the RMB does indeed have a lot of pressure, but the Chinese government has always been relatively conservative in this regard. They will not let the RMB fluctuate at a large level, but follow the principle of gradual operation. This process may be ten years or twenty years, but it is certain that it will definitely not be now. So, I think the copper futures market continues to be long in the past month, and there is still a lot of profit margins."
These words were originally in Chen Zhihua's heart, and he was not very confident, but after he sorted out this time, he was even convinced by these words, and the hesitation that had been buried in his heart was thrown out of the sky.
"No one can tell clearly about this kind of thing now. We can only wait two weeks to see the result!" Obviously, Li Xiaosheng continued to stick to his own opinions. Because of the differences in opinions, the two quickly ended the discussion on this topic and talked about other things. Although there was a debate before, the two did not become jammed because of this, but became closer.
After a while, Mrs. Li pulled Li Wenwen back and said, "Have you two men finished talking? If you finish talking, we can go to have a meal!"
Li Xiaosheng stood up and said, "I am really happy to chat with Andy Lau today. It seems that I need to chat with young people like Andy Lau more in the future. Their ideas will always be full of motivation and innovation."
When Li Wenwen heard Li Xiaosheng say this, he quickly smiled and said, "Mr. Li is actually very young, why does it sound like he is very old? Do you want to rely on his seniority?" While speaking, she gently pulled Mrs. Li's hand and said, "When I was picking things in the house just now, I had already 'ethousanded' with Sister Zhilan. From now on, Sister Zhilan will be my Sister Qi."
"Yes, after accepting this little sister Wenwen, I feel that I am much younger!" Mrs. Li also looked very happy and loved Li Wenwen even more.
When Li Xiaosheng saw that his beloved wife was so happy, he could only pretend to be funny and said, "Okay, okay, you are all young people, I am the only one of the old people! Let's go, you can have dinner with me, the old people!"
Everyone immediately burst into laughter and then went into the house for a very pleasant dinner.
After returning to Helen that night, Chen Zhihua searched a lot of information about copper futures online in detail. He found that the copper futures market has been full of war recently. I wonder if it is because everyone has seen this market that seeks more than supplies. Strong funds from all over the world have joined the battle between long and short, and the flags have clearly started to play.
In China, China's copper futures market is mainly in Shanghai, referred to as Shanghai copper. China is in the stage of industrial development and must consume a large amount of copper resources every year. Most of these copper resources rely on imports. Therefore, under the intentional macro-control of the government, some domestic main institutions have firmly shorted copper prices, hoping to curb copper prices. However, some international hot money has seen the imbalance of supply and demand of copper resources, so it is believed that copper prices will have a significant room for growth and buy in large quantities, causing London copper prices to soar, and one of the rare bull markets began to appear in 2003.
Under this situation, international speculators and some large-scale futures institutions in China have formed a very distinct hostile camp, and both sides have become two sides of long and short.
After reading these materials, Chen Zhihua thought about these things silently in his mind. He seemed to have seen something in the fog of this war. However, after all, the fog is too thick, and he still needs further careful observation to see the real direction of the market.
But at this time, he is certain that copper will rise in a short period of time, which is absolutely, without doubt!
Chapter completed!