Chapter 434 Uncontrolled Appreciation(2/2)
Even if you are bolder, it is not impossible for Beidu Bank to grow into a very large financial group.
Of course, it would be great if the Ministry of Finance is willing to lend a helping hand to Hokuto Bank at some point.
There is still a long way to go before Beidu Bank can truly become a metropolitan bank across the country.
The fastest way is to merge with other banks to quickly expand in scale.
Although the leverage ratio is not high, it is definitely higher than the manufacturing profits of Shirakawa Holdings.
In addition, Beidu Bank has accepted operation entrustments from many retail investors. The number of people speculating in foreign exchange here in Neon has not only not decreased but has increased.
So despite the sudden brakes from the neon government, the yen is still rising.
For example, if you want the yen to continue to appreciate, sell the U.S. dollar; if you want the yen to cool down, keep it unchanged.
Because it is already another class that is insulated from ordinary people, ordinary people may not be able to obtain the entrance ticket in their lifetime.
In addition, in terms of principal, the total amount under multiple accounts does not exceed US$5 billion, which is the bottom line."
There are thousands of these overseas accounts, and they are not within the scope of Neon's supervision.
After all, money can't just sit there, money begets money.
If you think about it carefully, it's no wonder that most companies are busy speculating in stocks instead of investing in technology research and development.
As long as it's not illegal, everything is fine.
Second, regarding the income gained by Baichuan Holdings from the foreign exchange market through Hokuto Bank, it is a legitimate income.
But there is a slight fluctuation range, and 100 times leverage cannot withstand a 1% drop, and he will have to liquidate his position.
Now that the Ministry of Finance has expressed its intention in this regard, Shirakawa Kaede has no reason to refuse.
Shirakawa Holdings' $4.2 billion has remained unchanged, which means it is losing money.
Financial markets have always been like this, and ruthlessness is the norm.
The domestic currencies of these countries have not appreciated much. The British, German and French francs have generally appreciated by about 7% to 8%.
Because most people are even secretly happy when they see such a strong performance of the yen.
Sure enough, the goal of "Strong Japan, Strong Yen!" is really exciting.
The scene of the foreign exchange market's crazy pursuit of the Japanese yen makes all Neon people feel proud.
Lo and behold, Japan's time has come.
Chapter completed!