Chapter 320 Entering the French Stock Market
The Paris Stock Exchange is the largest stock exchange in France.
It was founded in 1724. French securities are listed on the exchange through banks. There are bank representatives on the exchange to serve customers, but securities sales must be conducted through securities brokers.
Brokers are designated by the Ministry of Finance and Economy. Securities brokers accept clients' entrustment to buy and sell securities, grasp the supply and demand quantities and required price ranges of buyers and sellers, conduct transactions on behalf of clients, and collect commissions from them.
The price of securities is determined by supply and demand, and the official price is announced by the exchange business committee after listening to the opinions of the brokers association.
Starting in 1961, France implemented "single price" on all exchanges.
The Paris Stock Exchange operates national, international and foreign securities, and seven provincial exchanges operate regional securities trading and divide their respective jurisdictions.
But sometimes a security is traded on several exchanges at the same time, with a unified price.
In other words, Yang Chen can trade on any exchange in France through the channels of Standard Chartered Bank.
The Brokers Association is composed of brokers from seven French exchanges and is a private organization.
Today, the Paris Stock Exchange ranks fourth among the world's major exchanges, after New York, Tokyo and London.
After having breakfast with Laura at the hotel, Yang Chen came to the branch headquarters of Standard Chartered in France.
This time Yang Chen borrowed US$300 million and used 20 times leverage, which meant that Standard Chartered required an advance payment of US$6 billion.
With so much money, the branch of Standard Chartered Bank in Paris would definitely not be able to spend so much money at once. Fortunately, Yang Chen had communicated with the president of Standard Chartered Bank of Hong Kong in advance.
Now, the funds are in place and he can withdraw them at any time.
The Paris Stock Exchange opens at around nine-thirty, and now the funds Yang Chen needs have entered his personal account at Standard Chartered Bank.
This time Yang Chen brought eight traders from Xiangjiang, and Standard Chartered Bank also provided him with eight traders.
This is a one-shot deal, unlike the one in Xiangjiang which drags on for months and ends in a few days.
Although six billion is a lot, if you throw it into a big pond like France, you will only hear a little noise at most.
Paris, France, at 9:30 local time, the Paris Stock Exchange opened on time.
The second round of the French general election will be held on May 7 and end on May 10.
In other words, he only has seven days, or only six days to complete this transaction.
If six billion US dollars entered the stock market, under normal circumstances, someone would definitely trace it.
But at this time, the Paris presidential election attracted the attention of countless people, and also gathered countless financial giants, some of whom had quietly entered the market long before.
At this time, people enter the market every day. Faced with these financial giants from all over the world, it is obviously impossible for the stock exchange to find out the backgrounds of these people.
With so many big crocodiles coming, who is in the mood to investigate these things? It is better to wait quietly for the election to be over.
Although he said this, Yang Chen was still very careful and did not invest the money all at once, but let the traders proceed carefully.
Don't let the shooters enter the village secretly.
Anyway, there is still time. The stock exchange opens from 9:30 to 11:30 in the morning and from 1 to 3 in the afternoon.
One billion per day, done in stages so as to minimize attention from others.
End of trading in the morning
Yang Chen looked at Laura next to him and asked: "Laura, do you know where there is a Chinese restaurant nearby?"
"Ah, what?" Laura was in a daze, obviously not hearing clearly what Yang Chen just said.
"Chinese restaurant" Yang Chen repeated.
Laura immediately understood and said quickly: "Yes, yes, there is Chinatown in the 13th arrondissement. There are many Chinese restaurants there."
It seems that she has been to that place frequently, and she may have even tried every Chinese restaurant there.
Chinatown in the 13th arrondissement of Paris is considered the largest Chinese gathering place in Europe. It is located in the center of Paris, not far from Standard Chartered Bank, only a few minutes' drive away.
There are not only many Chinese shops there, but also eye-catching Chinese characters and red lanterns symbolizing Chinese tradition can be seen everywhere.
Around the Spring Festival, Chinatown in Paris is decorated with lights and colorful decorations, making it a festive and peaceful place with a strong festive atmosphere.
In Paris Chinatown, you can not only buy all kinds of food that Chinese people like, but also all kinds of traditional Chinese buildings.
Of course, there are not only Chinese people in Chinatown, but also residents from many other Asian countries. Not only are there Chinese restaurants, but you can also find traditional food from other countries.
In his previous life, Yang Chen had never been abroad, so naturally he had never seen the legendary Chinatown.
When he heard that there was a Chinatown in Paris, Yang Chen couldn't help but feel a little moved, but then he hesitated.
The main reason why Yang Chen hesitated was because Laura recognized him at a glance. Even a Frenchman recognized him at a glance, let alone the Chinese.
However, Yang Chen, who was itching and couldn't bear it, finally decided to go and have a look after several struggles.
Of course, this is not the case now. The Paris Stock Exchange will continue to open at 1 p.m., with a difference of just over an hour.
It is obviously impossible to go shopping in this short time except for eating.
Moreover, at noon, even if he wears sunglasses, he is easily recognized by others. It is better to wait until he has time in the evening to go shopping.
Yang Chen has never had the habit of doing as the locals do. When abroad, as long as conditions permit, he will basically choose to eat Chinese food.
Because of Laura and other French traders, Wu Yaoxin deliberately chose two portions of Chinese and Western food when packing the meals.
However, when the food arrived, a group of French traders were all interested in Chinese food, and even Laura unceremoniously reached into his lunch box with a fork.
After spending a day together, Laura seemed to have figured out that Yang Chen was particularly easy to talk to, so she didn't take it into consideration.
Seeing Yang Chen looking at her, Laura stuck out her tongue in embarrassment, but her movements did not stop.
It is naturally very pleasant to have a meal with a beautiful woman, not to mention that the person in front of you is a rare beauty.
Although Wu Yaoxin packed a lot of things for him, the two foodies couldn't help but fight for it.
At that scene, everyone looked at each other in shock.
At the same time, several traders at Standard Chartered Bank seemed to have their potential greatly aroused. The goddess of their company was attracted by a foreigner. This was definitely a very shocking thing for them.
Facing Yang Chen, a wealthy man who spent billions of dollars, several French traders did not dare to have other ideas.
So, they focused their attention on several Chinese traders like themselves, and each of them worked hard to grab each other's food.
The behavior of the French trader left Wu Yaoxin and others speechless. Although our Chinese people are warm and hospitable, don't really think of yourself as outsiders!
Do you understand what ‘being polite’ means?
Well, the French don’t understand this?
In response, Wu Yaoxin and others could only touch their noses, eat faster, and race against time with their opponents.
Chapter completed!