Rebirth 1991: My Financial Era

"Thank you Sun Sheng for your consideration. I wonder how the salary will be determined?" Li Minhong said calmly.

"What is your annual salary at Tiger Fund? How much profit do you create?" Sun Chen asked.

"It's about 60 US dollars, and the profit is 1 million US dollars." Li Minhong said.

"OK, do you want the annual salary to be fixed, or linked to trading performance?" Sun Chen looked into his eyes, trying to see desire in them.

"I choose a floating annual salary." Li Minhong is very confident.

"A fixed salary of US$30, and the rest will be a dividend of one thousand and five cents of your management team's income." Sun Chen said.

According to Sun Chen's algorithm, Li Minhong can get US$80 for his performance at Tiger Fund.

"Thank you Sun Sheng, I agree." Li Minhong stood up and held Sun Chen's hand.

"Okay, welcome Director Li. Come to work tomorrow and interview your team." Sun Chen said directly.

"Sarah, thank you for your recommendation. Please give me the bill later. Compared with Director Li, I still need two team leaders." Sun Chen said to Wu Huizhen.

"Okay, Sun Sheng, don't worry." Seeing that Sun Chen could recognize the person he recommended, Wu Huizhen was very satisfied.

Next, Li Minhong spent three days interviewing his team.

Sun Chen and He Linshi also selected the heads of the Hong Kong stock team and commodity team.

Lin Hui, the head of the Hong Kong stocks team, is the original head of Peregrine’s self-operated team, and Wu Qixiong, the head of the commodity team, is the chief investment manager of Goldman Sachs in Hong Kong.

At the same time, He Linshi also poached people from Huifeng and formed a small team to invest in the Hong Kong stock market.

Since then, Sun Chen’s investment team has been established.

Sun Chen picked up the phone and called Mou Zhongzhong's eldest brother.

"Brother Mou, long time no see, how are you?"

"Good boy, it took you so long to call me. What do you want?" Mou Zhongzhong knew that he would not go to the Three Treasures Hall for anything.

"Don't I miss you?"

"If you have anything to say, tell me quickly. I'm very busy with the delivery." Mou Qizhong said that you are enjoying yourself in Hong Kong, while I am working hard.

"I have something to discuss with you. My investment team is in place and ready to operate in the capital market. I want to borrow a sum of money from you. Do you think it's okay?" Sun Chen explained his intention.

"Then how can I guarantee my interests?" Mou Zhongzhi was no novice either.

"I still have undistributed profits in the Mainland. Using that money as collateral, you can lend me Hong Kong funds for one year at an interest rate of 25%." Sun Chen explained the conditions clearly.

"Okay, you can fax the contract to Chong Wei."

"Okay, thank you, Brother Mou. I'm going to see you during the Spring Festival!"

Sun Chen was very happy that the operable funds increased to 1.4 million Hong Kong dollars.

Huaxing Holdings held its first investment strategy meeting.

"Everyone, the company's team preparations have been completed. Now is the time for us to expand our ambitions. I will announce the requirements and basic strategies of the company's investment sector."

Sun Chen presided over the meeting. Now he has intermediate securities knowledge and can talk about business in a clear and logical manner.

"The first is to allocate investment funds. Director Li is responsible for the Japanese stock market sector, which allocates 7000 million; Director Lin is responsible for the Hong Kong stock sector, which is 4000 million; Director Wu is responsible for the commodity sector, 2000 million, and Director He is 1000 million. Do you have any objections?" Sun Sun Chen glanced around.

"Second, the strategy of the Japanese stock market is to go short. Carry out the short position to the end without hedging. You can borrow securities, short the stock index futures, and buy put options. Director Li knows the specific transaction details himself. If we have any questions, we can communicate privately." Sun Chen said without any doubt.

"Third, for the Hong Kong stock sector, the strategy is to go long without hedging. You can buy stocks with financing, go long stock index futures, buy call options, etc. Do Director Lin and Director He have any questions? We will communicate privately." Sun Chen continued explain.

"Fourth, for commodity futures, the main product from now to the first half of next year is oil, and the strategy is short. The foreign exchange business will be arranged later."

"After everyone gets the basic strategy, everyone will write an investment plan to me. The meeting is over."

Sun Chen announced the adjournment of the meeting and waited in the conference room for the investment directors to come.

Li Minhong was the first to knock on the door and come in.

Sun Chen signaled him to wait a moment and asked He Linshi to come in and take notes.

"Sunsheng, I am also bearish on the Japanese stock market, but without hedging, is it too risky?" Li Minhong expressed his concerns.

Hedging is the basic operating mode of hedge funds. Buying options to hedge is spending a small amount of money to do big things.

"Director Li, do you know Chairman Mao's poem? It is better to chase down the poor bandits with courage than to use the reputation of being an academic overlord."

"I understand, but Japanese people are changeable in nature and do things under the surface. I am worried that something will happen." Li Minhong said.

"No, Japan's economic failure is certain. During the bull market, stock prices, land prices, and housing prices spiral upward, which increases residents' confidence in the economy and the country; conversely, once the bear market is confirmed, the three will fall together, which will trigger a collapse of confidence and increase the Those who join the Bank of Japan are from Wall Street, and the stock market cannot be saved. Do you understand?"

"I need to think about this again." Li Minhong was somewhat moved.

"The trend will eventually be perfect. Look at the K-line of the Nikkei. It fell in one wave, rebounded in the second wave, and now it has fallen in the third wave." Sun Chen continued.

Sun Chen is actually not a technical person, but he just knows the answer. The Nikkei Index began to fall in 1990 and rebounded in 1991. Now it has reached 24000 points. It has no motivation to rise anymore. It will fall to 1992 points in March 3 and 20000 points in August 1992, a drop of 8%.

The Nikkei has fallen. If such a big piece of wool is not harvested, wouldn’t it be unjust? !

"Technically, this is indeed the case. Then, Sun Sheng, if there are any problems in the transaction, I will report to you." After Li Minhong finished speaking, he went out.

Li Minhong went out, Lin Hui came in, and He Linshi continued to record.

"Sun Sheng, I agree that you are a good friend of the Hang Seng Index, but if you don't do hedging, what is your basis?" Lin Hui asked.

"Director Lin, you live in Hong Kong, so you may not have much idea of ​​the poverty in the Mainland. You may not have any experience of the thorny entrepreneurship in the Mainland in a land of poverty and poverty. But I know and can understand that poverty has suppressed us for decades. Once the power is released, what a huge impact it will have!" Sun Chen said excitedly.

"The Hong Kong city is the window to the mainland. Now that the overall situation has been decided, the explosion in the mainland is an opportunity for Hong Kong stocks." Sun Chen continued.

In fact, the Hong Kong stock market is currently at 3800 points and could reach 92 points in May 5, an increase of 5500%.

"I understand, but what about the individual stock sectors?" Lin Huixu made up his mind.

"Mainland investment will explode, bringing about shortages of various materials. You can seize the opportunity yourself." Sun Chen took a sip of tea and continued, "The land supply in the port city can no longer meet the needs of economic development. Real estate will take off."

"I advise you personally to hurry up and buy a house. The price of the house will rise to a level that you cannot understand." Sun Chen continued to preach.

He told He Chaoqiong about his judgment on the rise in housing prices in Hong Kong, and repeated it here to make it easier for He Linshi to record it.

"I don't know whether the rise in land and house prices is good or bad, but if you look at the Japanese market after 85, you will find the answer." Sun Chen concluded.

"Thank you, Sun Sheng, for clarifying my doubts. I've learned a lesson." Lin Hui said respectfully.