After Sun Dahai explained the next plan, he walked into Qiao Wanting's office and discussed the fund allocation plan and the bonus distribution plan for the trading team with Qiao Wanting, Qiao Hongwei, Wu Dawei and Cao Yong.
After summarizing all the accounts of the trading team, they currently hold a total of more than 7 billion US dollars worth of long yen contracts, deducting more than 700 million US dollars in margin.
For the cash part and floating profit part, after two profit transfers at the beginning of the year and in the past few days, a total of US$2.9 billion in early profits was transferred. Currently, US$600 million in cash is maintained in the account, which is used as a backup margin to prevent short positions when the market fluctuates violently.
In addition, Sun Dahai has allocated a total of US$250 million twice for the trading team to operate freely. This part of the money is calculated separately and is not included in the company's profit and loss.
The current investment has made a total profit of US$540 million. According to Sun Dahai's instructions a few days ago, Qiao Wanting has fully discounted this part of the investment and left the market. The current balance in the account is US$790 million.
Sun Dahai has promised everyone that Sun Dahai will use 20% of this profit as a bonus for the trading team.
Sun Dahai kept his promise and told Qiao Hongwei that tomorrow he would arrange for Zhou Haibing to keep accounts and transfer the US$110 million bonus to the independent current account of the trading team.
The trading team has many trading accounts, which can be controlled by the trading team for buying and selling transactions. However, the trading team does not have the right to transfer or withdraw cash. This right is only available to the financial department of the Future Investment Company.
The money that Sun Dahai provided solely to the trading team for investment was transferred from Sun Dahai's personal account, which is usually managed by Zhou Haibing.
Therefore, Zhou Haibing needs to transfer the money in the trading account back to Sun Dahai's personal account, and then transfer it from his personal account to the trading team's current account, so that Qiao Wanting can use it as a bonus and distribute it to individuals.
It seems complicated, but this is a necessary measure to control the security of funds. If there were no such protection measures, the world would really be in chaos.
After arranging the bonuses for the trading team, Wu Dawei raised two questions. First, the trading team currently has two groups, but they are still a little weak in controlling such a large business. It is recommended to add another group.
Another question is that Sun Dahai asked him about iron ore before. He has done research and found that the three largest iron ore suppliers in the world are Australia's BHP Billiton, Rio Tinto and Brazil's Vale.
The current international market for primary mineral products is not good. Sun Dahai neither has a steel plant nor plans to develop into the heavy industry. Therefore, Wu Dawei does not think that now is a good time to get involved in iron ore trading.
In addition, the mainland currently produces a lot of iron ore. Although the quality is low, the quantity is large and the capacity is sufficient. It is not the ore that restricts domestic production capacity, but the production plan formulated by the government.
Therefore, Wu Dawei took this opportunity to propose to Sun Dahai that he should give up this idea first and wait until the time is right before entering again.
Sun Dahai thought for a while, and there was no problem with this. Even if Sun Dahai obtained iron ore, who could he sell it to now?
The country is certainly not willing to spend precious foreign exchange on purchases at this time. Even if it is purchased, it is still unclear whether domestic steel plants have enough technology and equipment to produce high-quality steel.
Sun Dahai sighed, forget it, let's not worry about it for now. However, Sun Dahai thought that the trading team was going to transfer the money back to his account, and he had a new idea in his mind.
"Let's do this. I'll spend 300 million US dollars and find two anonymous accounts for me. Sister Wanting, help me buy no more than 1% of the shares of each company. I'll treat it as a long-term investment."
The three major iron ore exporters have all been listed, but one is listed in Brazil and two are listed in Melbourne, Australia. Among them, Rio Tinto is also listed in Britten.
To collect chips from listed companies, if it is not a hostile takeover, you need to place small-amount payments one by one, which takes a long time, so as not to attract attention and increase your own acquisition costs.
Since Sun Dahai was in China, it was difficult for him to operate remotely through the phone at any time, but this was a trivial matter to Qiao Wanting, so she agreed casually. This was just Sun Dahai's personal business, not the company's normal work.
After two capital allocations this year, the project investment department currently setting up the future holding company and investment company has very abundant cash flow, and the trading team will continue to make money from the Japanese yen in the next six months or so.
At present, several companies have achieved development that relies entirely on their own accumulation, and there are no major investment projects in a short period of time. Sun Dahai asked them to make financial investments with their surplus funds and invest them diversified in international bank bills and stock markets for a period of one year.
In 1986, the world economy was in a period of rapid development after recovery. Western economic powers and the Four Asian Tigers were the leaders of this round of economic development.
In view of the rapid development in the early stage, Sun Dahai was determined to make his subordinate companies work hard and lay a solid foundation. Therefore, the company's need for funds in a short period of time was not very urgent.
Therefore, Sun Dahai now proposes that the company make financial investment and take advantage of the current good situation to make money from money.
The financial investment matters will be presided over by Zhou Haibing and Martha, and Peng Jiayi will handle the specific operations.
Among them, Zhou Haibing has overall control over the company's financial situation and can reasonably coordinate the positions of various companies. Martha has rich financial investment experience in her previous company, and Peng Jiayi has a background as a trader. The combination of these three people is truly a perfect match.
The trading team is not responsible for the company's financial investment. Their main focus is still on the Japanese yen futures contract. Sun Dahai left them 200 million in funds and arranged for them to be long in the US market, which also gave them some extra work.
Earn a little money for themselves by the way.
This part totals 790 million U.S. dollars, with 110 million U.S. dollars divided among the bonuses, an additional 200 million remaining for the trading team, and 300 million ready to invest in the iron ore company, leaving 180 million U.S. dollars.
Sun Dahai planned to transfer the money back to his own account. In addition to preparing 10 million US dollars to donate to the Talent Education Fund at the end of the year, the remaining money was left to Jiahua Investment Company.
Yesterday, I received a call from Chen Feng. The matter of buying a stake in Ente Flight Service Company has been negotiated with Ente. The full set of qualification certificates of Ente Flight Service Company, together with the airport and the two existing aircraft, are priced at US$20 million.
Jiahua Investment Company will spend US$8 million to acquire 40% of the shares of Ent Flight Services, and will inject US$10 million to acquire 33% of the shares.
As a result, Ente Flight Service Company has actually changed owners, but Ente didn't care at all. Because the two have different priorities. Sun Dahai mainly focuses on airport control, while Ente cares more about it.
Freedom of flight service.
Therefore, both people get what they need, achieving a win-win situation.
