Time flies, and two weeks have passed in the blink of an eye.
Wednesday, September 23rd.
Lin Zuhui came to Hengjin Investment early. The USD/JPY closed at 121 points yesterday, plummeting 2.2% throughout the day, once falling to 120.5 points, which made him overjoyed.
After all, in his memory - the lowest was 120 points in 1992, 100 points in 1993, and 80 points in 1995. Now that it has reached the lowest index this year, what reason does he have not to close his position?
After all, there are still three months left, and it may rise to about 125 points. He can make a difference and withdraw a large amount of funds. Even if it does not rise to 125 points in December, no matter what index it is, he will use funds to sell again.
Otherwise, next year will be another year of appreciation for the yen.
"Have you notified George to close the foreign exchange position?" Lin Zuhui asked as soon as he saw Wu Guoming.
This drop is considered sudden, falling directly from 124 points to 121 points, so George is still sitting in the United States.
Wu Guoming said: "I informed the president that all positions below 122 points will be closed."
Lin Zuhui nodded. If the position is successfully closed, he will obtain a profit of more than 4 billion and withdraw more than 5.5 billion. Adding the 3.5 billion cash flow in hand, there will be a cash flow of 9 billion. Of course, Hengjin Investment also has a cash flow of 9 billion.
There are 3.5 billion loans.
This money is spent very quickly. Financial investments such as gold futures and foreign exchange must continue, and the New Era Group's share-convertible bonds must be purchased (to avoid being diluted).
The New Era Group needs to issue 3 billion bonds at the end of the year to maintain cash flow above 6 to 7 billion to ensure that it can immediately win the "land king" in Hong Kong next year (every time the real estate peak season comes, the Hong Kong government will launch the land king to speculate on the future)
Land prices and property prices), and also ensure that we can make great progress in the mainland and overseas next year.
Because Lin Zuhui knows the development of real estate in Xiangjiang, he estimates that New Era Group's profit next year may be more than 14 billion. In addition to the growth of real estate development, rent-collecting properties will be the second largest growth point. It can be said that New Era Group's profit next year will be more than 14 billion.
The group's life is better.
Lin Zuhui continued: "Inform George that we will enter the gold futures market at the end of the year and ask him to arrange for the company to prepare. The capital amount is 1 billion, the leverage is 20 times, and the influence must be reduced and confidentiality must be reduced."
Wu Guoming nodded and said: "Okay, I will arrange the business in Xiangjiang and then go on a business trip to the United States to tell him."
The assets of Hengjin Investment are already quite large, holding 2% of Microsoft (with a total market value of approximately US$25 billion), 3.9% of Nike (with a market value of approximately US$4 billion), and 7.5% of Starbucks (with a market value of approximately US$600 million). It also owns Hengjin
If you buy a house, the value of the property may be more than 20 billion.
Including cash, the asset value of Hengjin Investment is more than 40 billion, second only to Lin Zuhui's company equity wealth; while the wealth of family offices is only more than 30 billion, which cannot be compared.
Lin Zuhui is more worried about one thing. Next year, the United States will officially rank on the world wealth list. There is absolutely no doubt that he will be the world's richest man.
Because the market value of New Era Group is estimated at 120 billion by the end of the year, ATV has a market value of 15 billion, Wanhui Media has a market value of 10 billion, and Leit Group has a market value of 12 billion (35% of the shares).
His shares in these four companies alone were worth about $10 billion at the end of the year.
And he remembered that the world's richest man in 1993 was either Buffett with about 8.5 billion US dollars, or Japanese Yoshiaki Tsutsumi whose company was not listed on the stock market with about 9 billion US dollars.
In short, Lin Zuhui has almost no suspense.
In fact, it is estimated that it will take at least several consecutive terms for him to lose the title of the world's richest man until Microsoft truly grows, probably after 1996.
This is difficult. Lin Zuhui no longer wants to be in the limelight, but the share price of New Era Group has soared too fast, causing his book wealth to expand dramatically.
However, this has two sides. One is that it can bring more channels and convenience for Lin Zuhui to do business, and the other is that being too famous can easily make people jealous.
There is no use thinking about it, I can only let it take its course.
.........
Ma Sha Street, Sheung Wan, in front of the Heung Kong Gold and Silver Trade Center.
"Boss, this is Zhang Renqiang of Hannian Gold Co., Ltd. Zhang Sheng, this is my boss!" Lukfook Jewelry President Huang Weichang introduced.
Zhang Renqiang said quickly: "Hello, Mr. Lin, I have long admired your name!"
Lin Zuhui said politely: "You're welcome, Mr. Zhang. Please show me the most unique places in Xiangjiang this time!"
After some polite greetings.
"Lin Sheng, please come this way!" Zhang Renqiang pointed to the door.
All along, Lin Zuhui only knew that the Hong Kong Gold and Silver Trading Office was very important. It is said that if you come to Hong Kong without taking a look at the gold exchange, it is difficult to feel the pulse of Hong Kong's economy beating day and night, and it is difficult to understand why Hong Kong has become a world-famous city.
The third largest financial center.
At the entrance of the gold and silver trading center, the building's appearance was very inconspicuous. Two tall, well-armed British Indians JC stood at the entrance. They were slightly startled when they saw Zhang Renqiang, Lin Zuhui and Huang Changnian. They obviously knew Lin Zuhui.
.
However, the two of them still approached Zhang Renqiang and asked about the situation in fluent and accurate Cantonese Mandarin. The exchange generally refused outsiders to visit, which was why Lin Zuhui had to ask someone to sneak in if he wanted to visit.
Wouldn't it be a shame if one's reputation doesn't go well?
"Excuse me, Mr. Lin!" The British-Indian jc made a gesture of invitation and said politely.
"It doesn't matter, this is your responsibility, we should cooperate!" Lin Zuhui said with a smile.
In fact, I just asked a few questions casually. Zhang Renqiang has been working in the gold and silver trading center for so many years, so there is no problem in bringing someone with him.
As soon as you enter the door, the noise of "gold speculation" in the hall is like a heat wave blowing from the desert. For those who often work quietly in offices, their nerves will inevitably tremble.
The gold speculators looked at Lin Zuhui curiously and smiled, but soon concentrated on speculating in gold. It can be seen that no one wanted to miss the opportunity to make a fortune, even if they were curious about what Lin Zuhui was doing.
"Lin Sheng, let's go to the second floor so we can see the grand scene here better!"
"good"
Second floor.
Looking down through the railing, there is a patio of more than 2,000 square feet. More than a hundred gold traders wearing dark yellow waistcoat uniforms, like Spanish matadors, are wandering in the center of the hall, searching for their prey.
There are "hotline" numbers lined up all around the wall.
After Zhang Renqiang's introduction, Lin Zuhui understood that each telephone operator held a message board and constantly reported the rise and fall of the gold price on site to the bank's boss. At the same time, he constantly gestured to the traders on the floor to convey the boss's instructions in a timely manner.
The other end of the "hotline" call was directly connected to the office building of the boss of the bank. The closed-circuit loudspeaker kept transmitting the quotation voice of the quoter. The boss stared at the screen of the TV next to the table, weighing Reuters.
The rise and fall of London gold prices are sent via satellite 24 hours a day.
"Mr. Lin, there is a saying here that 'information' is life to the boss of Jinhang. If there is a slight omission, the consequences will be disastrous. The boss of Jinhang is exhausted every day in order to inquire about various relevant information and analyze the market." Zhang Renqiang.
Said with sigh.
He knew that Lin Zuhui was known as the stock god and his financial abilities should not be underestimated.
Lin Zuhui nodded and said, "Are they all spot transactions?"
Suddenly, a trader standing in the middle of the patio raised his right hand. He saw several of his fingers bent outward and made a few gestures. A dozen traders immediately rushed towards him and grabbed him tightly.
The discerning hand quickly patted five of them on the shoulders, and the crowd quickly dispersed.
Intense shots like this would appear every one or two minutes like a revolving lantern, which was dizzying and nerve-wracking.
Zhang Renqiang said:
"It's considered spot goods, but it doesn't need to be spot goods. Don't underestimate the fact that the trader just tapped someone on the shoulder. They may have completed transactions worth hundreds of thousands or even millions of dollars."
"When speculating on gold in the trade market, one hundred taels is used as a calculation unit, commonly known as 'one lot'. There is a set of knowledge of hand gestures for traders. Curling the fingers outward means selling, and bending the fingers inward means buying. The price also depends on gestures, only
The two digits after the gold price are marked. The seller taps the buyer on the shoulder and the deal is concluded (either the seller or the buyer has the right to choose the partner). Then both parties write down the transaction amount in their notebooks. They do not use Arabic numerals for counting, but Chinese numerals.
, this is a customary usage that has been used for many years. When the morning market ends at 12:30, both parties go to the accounting department of the trading center to post the accounts through the computer."
"After the deal is concluded, the money is not given to the gold immediately, but there are three days. During these three days, it is the time to make the price difference! A buys B's gold, and then A sells the gold at a high price within three days, which is a profit.
, B’s purchase at a low price within three days can be considered a profit..."
"Such transactions go on and on, never-ending. The rise and fall of the gold market price does not entirely depend on the relationship between supply and demand. Human factors, changes in the international situation, and even the words and deeds of any major country's head of state may cause the gold price to rise and fall.
Fluctuations. Gold speculation involves taking great risks at any time. Some people become upstarts in the morning market, while others go bankrupt. It’s true that some people are happy and some are sad!”
After listening to the commentary, look at the leeks off the court!
No, it’s a gold speculator.
Lin Zuhui couldn't help but shook his head and counted the ball.
Working from 9 to 5, they hope to get rich in one move, but unfortunately they never know who the winner is.
Lin Zuhui did not visit the gold and silver trading center on a whim, but planned to purchase a large amount of gold spot here. Moreover, he asked Octopus Bank to reserve gold (speculate in gold).
Without using leverage, Lin Zuhui feels that a 20% profit (currently US$340 per ounce) is more cost-effective than lending. What's more, the loan money is not considered cash flow, but if there are gold reserves in the hands of HSBC, it will be more cost-effective.
You can lend money when there is a run. Of course, this is just in case. Lin Zuhui's credibility is still very high.
Also, for example, the loan-to-deposit ratio is only about 48%, but if you buy spot gold, the loan-to-deposit ratio can be increased to 80% without much risk.
Of course, it is also because Octopus Bank currently has only one shareholder, so as the sole shareholder, it can do this.
The reason why Lin Zuhui asked Octopus Bank to participate in gold speculation is to smooth out the losses before going public. In this way, the market value of Octopus Bank may be tens of billions when it is listed, and the money raised from the listing can be used as a spin-off.
The funds raised are allocated to Octopus Financial Group, which is equivalent to Lin Zuhui cashing out.
After bidding farewell to Zhang Renqiang, Lin Zuhui said to Huang Weichang in the car: "If I want to buy a large amount of gold spot, how many tons can Lukfook Jewelry contribute in a month?"
Gold in Xiangjiang is subject to free trade. The government doesn't care how much you import or sell, and the tax is very low and barely counts.
Huang Weichang said: "Xiangjiang imports 300 tons of gold a year, and if we import 30 tons a month, it will not cause much fluctuation in the market." He guessed that Lin Zuhui's investment easily amounted to several billions.
One ton of gold costs about HKD 90 million, and gold imports for the whole year are only over HKD 27 billion. However, if you keep buying spot goods for a few months, you can still buy gold bars worth more than HKD 5 billion.
Similarly, the gold futures market is far from being comparable to the US dollar/yen, and Lin Zuhui became distracted for a while.
After a long time, he said: "Gold in the mainland is 20% more expensive than ours, and it is impossible to open it up in the next few years. But when mainland tourists come to Hong Kong, gold jewelry must be bought, and it may account for more than 50% of the gold sold in Hong Kong. This is also
The reason why I let you expand in the past two years!"
Huang Weichang said with admiration: "The boss has a keen eye. Currently we have 12 stores, surpassing Jingfu Jewelry and becoming the fourth jeweler with the most stores in Xiangjiang."
Lin Zuhui nodded and said: "Don't bother with the mainland market. Although I can ask Lukfook Jewelry to open a display store in Guangdong Province, the effect is limited and it is a waste of favors. As for opening a processing factory in the mainland, forget it.
Well, firing employees is not what I want to see."
He knew that if the mainland wanted to develop the gold market, it would have to join the WTO in 2003. By then, preparations would have to be made a few years in advance.
The main reason is that he doesn't want to run afoul of connections, just to open a display store (not for sale) and a joint venture processing factory (not allowed to be sold in the mainland). There is no need to make a fuss.
Huang Weichang nodded and said: "Okay, then I will concentrate on managing the Xiangjiang market and then choose the opportunity to develop overseas."
"Well, maybe in another ten years, the mainland will open up its gold market, so we don't have to worry. Jewelry brands still need to settle down."
In fact, Lin Zuhui doesn't value it very much. After all, he will definitely not be able to compete with Chow Tai Fook and Chow Tai Sang.
During this inspection, Lin Zuhui roughly determined his strategy for investing in gold:
Let Octopus Bank start hoarding about 100 tons of gold at the end of the year and store part of it in HSBC for cash that needs to be dismantled.
Lin Zuhui personally invested another 1 billion Hong Kong dollars to buy gold futures with 20 times leverage.
At the same time, Hengjin Investment still short-sold USD/JPY 1.5 billion at the end of the year, also with a leverage of 20 times.
In this way, he can have a large amount of funds left (excluding the 1.5 billion to buy bonds, at least 5 billion is left), which can be used as a supplementary guarantee, and can also be used as a "support fund" for Octopus Bank.
Lin Zuhui now invests in financial products very casually and has a very good mentality. Because he has more than 10 times the industrial assets to support him, it is impossible for him to go bankrupt.