An investor road: from gamblers to a market facilitator of the highlights _ _ _ Sina Sina Financial Network

— A gold investors and brokers or investment Way

Jiangnan

When gold futures, gold ETFs, gold comprehensive financial products come out, the gold market will lead to a flourishing stage of development, investors will find that the original gold stocks can become a real estate wealth after the third means

"I have no investment in gold glory,>The non-ferrous metals futures markets across from the gold market investors and brokers, talked about the history of gold investment, the most emotion of the gold market is the rules of the game and the main game continues to evolve and this evolution to let him vaguely aware of this special gold to the Chinese financial market will bring new changes .

His story, and more from the "327 bonds storm" terrifying. This time he will be willing to invest this story with the gold linked mainly to express their identity evolution, and the earnest concern of gold futures.

Chen Chin-hua "gamblers" and "drive" to describe their previous investment experience, "the market facilitator" and "fees" to describe the role of the work now.

In 1995, difficult to forget the "327 bond backlash", Chen Chin-hua and his company served a painful experience "Waterloo." Chen Chin-hua sighed, then the bond futures market is virtually a "casino" at the time of their investment psychology and "gamblers" the same.

At that time, Treasury bond futures in the standard to 2.5%, which is paid 2.5 million yuan to 100 million yuan bond market can trade more than 20% of the increase means that in just three months, have already bought a principal amount equivalent to more than 10 times the profits! If successful speculative luck, investment institutions, Progressive 10 million, wild with joy.

When such an episode: a morning call>"It was a look of the past, today it is very difficult in this situation happen again." Chen Chin-hua sighs.

After experiencing the bond futures after the storm, Chen Chin-hua into the metals futures market, in 2004 with the financial attributes of gold has become more apparent to begin formal entry into the gold market. He said that over the past few years due to investment in physical gold transactions mainly involved in small scale, market liquidity is not strong, it is more of an analysis, tracking and set prices, market services.

Chen Chin-hua said that now regulate the domestic futures market has a variety of risk-control system, to be listed gold futures provided a golden period of development, although there is still a lot to do, but the advent of gold futures are bound by long-term gold price discovery mechanism for the improvement of promoting interest rates, The market thus opening up the domestic financial product innovation space, to provide investors with more investment in rich variety.

"A few years ago, I like the gold market in a 'drivers', now gradually become' fees are '." Chen Chin-hua.

Due to the lack of domestic long-term gold price formation mechanisms, overseas investors to gold derivative products to manage risks and speculative transactions. This let Chen Chin-hua mainly concentrate>And now, with various domestic investment channels for the rich gold, Chen Chin-hua more willing to serve as a quality service, providing access transactions.

"I hope> products enable investors to choose. "Chen Chin-hua.

Chen Chin-hua, "gamblers" trading mentality can no longer belong to the gold market, investment institutions should play a more market facilitator, a rational investor. When gold futures, gold ETFs, gold comprehensive financial products come out, the gold market will lead to a flourishing stage of development, investors will find that the original gold can become a stock, real estate after the third enrichment means. Our photographer / Wang Xiaodong

Others Related

Not identified "Paint goods" and "futures" and futures markets were established early to know little

In the early birth of the domestic futures market, "futures" the term for most people is very strange. Not>Chengdu investors to a reporter about a story. In 1992, he began in the futures, and a gathering of friends, people asked him what the recent peak, he said that the futures investment.

His friend was surprised and looked at him and said: "you have not done the hotel? How will now begin selling paint? "

After listening to him was very surprised how the answer to their friends in their own understanding into selling paint and asked to know his friends to "futures" to understand a "Paint goods."

Mercantile Exchange thin from 50-3

China's commodity futures market after birth, there were blindly development period, the domestic futures exchanges scale harvest in 1993 reached as many as 50, then started the exchange of "downsizing movement", in 1995, to reduce the size of Exchange 15, 1999 further reduced to three, that the current the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange. Through downsizing, the Commodity Futures Trading regulate the operation of more varieties substantial increase in research and development capacity, the risk control are becoming increasingly enhanced.

strengthening domestic enterprises preserve and increase awareness

From 2003 to 2004, international and domestic soybean prices fluctuated wildly and domestic soybean futures prices from 3,000 yuan / ton rapid rise to 4,200 yuan / ton and above, the Chinese soybean crushing enterprises recover high import soybean, when these enterprises after the end of the procurement, soybean prices have fallen from 2004 3 until July 2004, soybean prices to 3,000 yuan / ton below. Domestic soybean crushing enterprises substantial losses, many enterprises or even close down.

This was known as the soybean market earthquake, the "earthquake" Although domestic soybean crushing industry to "reshuffle", but also domestic enterprises aware of the importance of maintaining and increasing the futures market, rose as soybean fell in the course of those companies suffered, no basic hedge against inflation.

"Futures farmers," Fu Chuan-yi

In 2004, the Dalian Commodity Exchange under the active promotion of a small number of farmers began contacts Northeast futures, even in the futures. Fu Chuan-yi in the futures market is>From 2004>Later, he gradually participate in the futures market, soybean planting in time, if soybean futures prices higher, and he tried to sell soybeans, for their own species to preserve and increase the soybean.

In 2004/2005, he sold through the futures market hedge against inflation and achieve a high yield and harvest.

Copper reverse arbitrage

2002-2006 metal bull market, many unilateral do more investors earned pots runneth over, and the other investors are equally lucrative. It is engaged in cross-market arbitrage traders. These transactions, through years of research and found that copper in the Shanghai Futures Exchange and London Metal Exchange copper between fluctuations in the value of a space, both from the spread of this value range, arbitrage opportunities will appear.

In this cross-market arbitrage, "reverse arbitrage" most investors are familiar with, namely, domestic copper buy, sell copper in London, from 2003 to 2004, reverse arbitrage equivalent to the size of 200,000 tons of copper.

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