A foray into fintech; a breakdown of the latest and greatest innovations in financial technology.
In early September 2026, a Goldman Sachs research report on the renminbi (RMB) attracted widespread market attention. The report forecasts that the RMB will appreciate in an orderly manner, at an annual pace of about 3–5%, reaching 6.0 per USD by end‑2028 and 5.5 per USD by end‑2031. That implies a total appreciation of roughly 22% over five years.
By Jin28 days ago in Trader
In 2012, I paid eight yuan at a street stall behind my university for a copy of Rich Dad Poor Dad with a folded corner on the cover. I skipped my elective that afternoon and sat on my dorm bunk bed. When I got to the page that said "a house is not an asset," I closed the book and stared at the mildew stains on the ceiling for a long time. I had 4,300 yuan saved up. Three thousand was for next quarter's rent. The rest would buy me forty meals in the cafeteria. The book said the difference between the poor and the rich is the difference in thinking. I thought about my situation and figured he was right. I didn't have the nerve.
By Jinabout a month ago in Trader
The Jackson Hole Formula: Talk Tough, Do Little August 28, Jackson Hole. Kevin Warsh’s 100th day as Fed Chair. During his speech, gold dropped $80 in ten minutes, breaking below $4,530. The dollar index jumped nearly 40 points. The 2‑year Treasury yield climbed past 4.28%, a high not seen since July. All three major U.S. stock indexes turned red.
The Truth Behind the $1 Trillion Treasury "Bailout" On August 24, 2026, trading desks in Washington and New York simultaneously received a piece of news. CNBC, citing two senior U.S. Treasury officials, reported that Treasury Secretary Scott Bessent might tap the Treasury General Account (TGA), which holds nearly $1 trillion, to fund his expanded buyback program.
At New York midday on August 24, the COMEX gold futures front-month contract touched $4,713.8 an ounce. A rates trader at an asset manager saw the candle print on his terminal and did three things: covered the 30-year Treasury short he had built the previous week, bought an August-expiry gold call with a $4,750 strike, and fired off an instant message to risk control—"stop-loss moved up to 4,680."
Opening: One Question During continuous trading on the A‑share market, a stock has no resting orders—bid and ask are both zero.
I. Two Days On August 19, 2026, Unitree Technology ( 688836.SH ) listed on Shanghai's STAR Market. Offer price: RMB 150.80. The opening auction printed RMB 1,100 — up 629% — and the company touched RMB 444.9 billion in market cap. One lot (500 shares) showed a paper profit north of RMB 470,000.
I’ll never forget the first time I sold a put option. My hands were shaking over the keyboard. Literally shaking. I’d spent three weeks reading forum threads where every other post screamed about "blow‑ups" and "losing everything." One guy had written a step‑by‑step account of how he'd wiped out his entire account in a single week. I closed the browser, took a walk, and told myself I was an idiot for even considering this.
By Jin2 months ago in Trader
Introduction: The Real‑World Turn of Game Theory Identifying a new employer’s genuine growth prospects during a job switch, estimating an opponent’s reservation price in a negotiation, or assessing the survival rate of an emerging investment sector—these decisions share a structural tension: classical game theory begins with assumptions of complete information and hyper‑rationality, whereas real‑world settings are marked by information asymmetry, private types, and bounded cognition. This tension has not invalidated game theory; rather, it has pushed a shift—from computing optimal responses under given rules to designing worst‑case survival architectures that still hold when information is incomplete.
He opened his trading account for the first time at twenty-six. That afternoon, he bought two lots of stock. They went up three percent. His hand was shaking on the mouse.
The single most asked question, boiled down to one sentence: "I looked at the IV percentile – it was 81% for STAR 50. The textbook says sell when it's high. So why did I get crushed selling OTM calls this week?"
In August 2026, financial research firm bestbrokers published a ranking based on Forbes‘ real‑time billionaire list. As of July 27, 2026, DeepSeek founder Liang Wenfeng had a net worth of $39.5 billion, up 3,850% from $1 billion a year earlier. That growth rate was the highest among global billionaires in that period.
