Reborn as a tycoon in Hong Kong

Chapter 511 Vivien Kelly’s generosity (two-in-one)

On Sunday, Vivien Kelly's plane arrived in Hong Kong.

Vivien Kelly had told Lin Baicheng before she came here. She said she had something to report to Lin Baicheng and hoped to have a face-to-face meeting. Lin Baicheng had no reason to refuse.

Lin Baicheng was the boss. Vivien Kelly reported something to Lin Baicheng. Since the two were not in the same place, it was naturally Vivien Kelly who went to Lin Baicheng.

Because Vivien Kelly's plane landed in the evening, Lin Baicheng simply asked Vivien Kelly to have dinner at the villa in Repulse Bay.

After dinner, the two went to the study to chat.

The two of them had a superior-subordinate relationship, so there was no courtesy. Lin Baicheng said directly: "Vivien, tell me what you have to report."

"Chairman, first of all, the part of the funds you gave us to operate that are long gold futures."

Vivien Kelly said: "At the beginning, we used 50 million U.S. dollars in principal to go long at around 250 U.S. dollars per ounce and used 5 times leverage. Now the gold price is fluctuating at 300 U.S. dollars per ounce, with an increase of exactly 20%. The 50 million U.S. dollars Profit. We decided to close our long orders first and wait for the gold price to adjust before going long gold futures with US$50 million, still using 5 times leverage."

Lin Baicheng asked Vivien Kelly to tell him when he decided to close out the long orders, so he didn't say anything when he heard this, but said: "What are you going to do with the $50 million in profits?"

"I want to use it to do long oil futures. I think there is still a lot of room for oil prices to rise. However, Doug and Brown also want more funds to operate the part they trade, so I only get 20 million. USD funds, I hope to get more support from you, Mr. Lin.”

Vivien Kelly and other managements have their own operating funds, which after all are related to their performance commissions. Everyone wants to have more funds for their own operations. In this way, the higher the results, the greater the commissions they will get. many.

It was jointly proposed by everyone to use 50 million U.S. dollars to go long gold futures, so the profits should be distributed according to their contributions. It is impossible to say that Vivien Kelly thinks that there is still room for oil prices to rise, so all the operations will be left to Vivien Kelly. G. Gordon and Sun Yiyang also said that the area they were operating had better opportunities. Could it be possible to give them all the funds?

Lin Baicheng asked aloud: "I remember at the beginning of the year, you used your funds to do oil futures. What is the situation now?" He only had a rough understanding of this matter.

“When the oil price was still US$10, I used a principal of US$100 million and used 3 times leverage to go long. The average cost price was US$10.1. Later, I closed the long order at an average price of US$13.22, deducting the leverage interest and handling fees. , with profits as high as US$90 million.”

"Afterwards, oil prices showed a short-term correction as I predicted, and I bought a long order of US$100 million at an average price of US$12.5 without using any leverage."

"Now the oil price has returned to $13, and the total funds I can operate include the $20 million profit from gold futures, which is a total of $230 million. After deducting the $100 million I have already made in long oil futures, the funds I can operate now are only There’s $130 million left.”

Vivien Kelly heard this and told her all the funds she could operate. Her profit in oil futures was as high as 90 million US dollars. She said this mainly because she wanted Lin Baicheng to know her ability.

"So, can you go long oil futures with $230 million?"

Lin Baicheng couldn't help but raise his eyebrows after hearing this. He remembered that after selling part of Hutchison Whampoa's shares, Golden Fleece Company had US$372 million, of which Vivien Kelly received as much as US$170 million. This was mainly because she was the first After joining Golden Fleece, Doug Golden and Sun Yiyang split the remaining $202 million equally.

However, later Lin Baicheng recruited two more outstanding talents, so he allocated US$40 million from Vivien Kelly, and the other two allocated US$20 million each, for a total of US$80 million evenly divided between the two talents.

The two later people have less funds to operate. After all, they are latecomers. Unless they make better results, or one of Vivien Kelly, Doug Gordon, and Sun Yiyang is eliminated, Otherwise, they will definitely be crushed.

In total, Vivien Kelly's $170 million at the beginning of the year, deducting the $40 million set aside, equals an operation of $130 million, which becomes $230 million. The long orders in gold futures have not yet been closed, and the profits have not yet been recorded, but the US$50 million in long investments includes US$20 million in principal of her operating funds, so in total, her current principal should be 250 million. U.S. dollars are the right thing.

The principal amount was US$130 million, which turned into US$250 million, with a profit of nearly 100%. Among them, long oil futures made the largest profit contribution.

Vivien Kelly said: "Chairman, oil prices have changed again. I think oil prices are very likely to continue to rise. There was a revolution in Iran last year, and oil operations were suspended at the beginning of this year. Based on the situation there, it is likely to happen again." Capital is forward-looking about events that affect oil prices, and I think this is an important reason for supporting oil prices to continue to rise."

"Therefore, I hope that the chairman can give me more support and provide me with more funds for operations. I am confident that I can bring more returns to the company."

"What kind of support do you need from me?"

Lin Baicheng was silent for a moment after hearing this. The long-term trend of oil prices is definitely bullish. If there are short-term fluctuations, if Lin Baicheng remembers correctly, oil prices rose to a peak of nearly 40 US dollars per barrel in the early 1980s. In other words, if you are long oil futures now, even if you buy just before the adjustment, you will not lose money as long as you can hold on to losses.

"I hope to have 2 billion US dollars in operating funds, whether it is increasing my permission to use leverage or giving me more financial support. But if possible, I hope to have more funds. If the leverage is too high, the risk will Relatively speaking, it will be larger.”

Although Vivien Kelly didn't know the saying, "If you bid all the time, you'll pay back when you get there," she understood a similar principle. In fact, she felt satisfied if she had an operating capital of US$1.5 billion.

"The operating capital of 2 billion U.S. dollars, based on your current principal of 230 million U.S. dollars, is almost 10 times the leverage, which is indeed quite high."

Lin Baicheng couldn't help but think deeply as he spoke, but did not make a decision immediately.

Seeing this, Vivien Kelly did not disturb Lin Baicheng's thinking.

After a while, Lin Baicheng said: "I can't give you too much money now, but I am still optimistic about your judgment, so I decided to support you. Doesn't Golden Fleece Company still have 10.7 million shares of Hutchison? Whampoa stocks? You sell these stocks slowly. After a while, Hutchison Whampoa will be profitable. It should be able to sell at an average price higher than 60 Hong Kong dollars, which means it can be sold for more than 600 million Hong Kong dollars, that is It’s $150 million.”

"150 million U.S. dollars, plus the 230 million U.S. dollars you operated, the total is 380 million U.S. dollars. The capital of operating 2 billion U.S. dollars is only more than five times the leverage, and the risk is not too great."

Lin Baicheng knew that Hutchison Whampoa would definitely rise sharply in the future, but the profit from oil futures would not be low, but would be higher, because oil futures would use leverage.

Furthermore, Lin Baicheng's Hutchison Whampoa shares held by him will also be reduced by then. Selling the Hutchison Whampoa shares in the offshore company now can alleviate Lin Baicheng's pressure to reduce his holdings by then.

"Chairman, thank you for your trust and support. I will not let you down."

Vivien Kelly couldn't help but be overjoyed when she heard this. She didn't expect that Lin Baicheng actually gave her US$2 billion in operating funds, which was an authority that she could never obtain when she was at Merrill Lynch.

"Um!"

Lin Baicheng nodded and reminded: "Two billion US dollars is not a small amount of funds. Remember to invest separately, keep it hidden, and don't let other funds target you."

"I will do the relevant work well, don't worry."

Vivien Kelly nodded to express her understanding. She knew how to do this without Lin Baicheng's explanation.

Looking at Vivien Kelly, Lin Baicheng continued: "Vivien, I have to tell you one thing first. If this fund makes a lot of profit by going long in oil futures, no matter if I withdraw part of the funds from the Golden Fleece Company, , or divide some of the profit-making funds for other people to operate. The funds you can operate later will not be all profits plus principal, you must be mentally prepared for this."

"Chairman, I understand what you mean."

Vivien Kelly herself had never thought about such a beautiful thing, but she did not forget to fight for her own interests and said: "But if I make huge profits for the company, I hope the chairman can give me more operating funds. Since my ability is stronger than others, I should have more funds to operate than them."

"Well, I will consider this."

Lin Baicheng nodded slightly and said with a smile: "You mentioned to me the establishment of the fund at the beginning of May. If your results this time satisfy me, then I will approve your establishment of the fund and will establish the first fund." Entrusting you with the management of the fund is my reward for you."

"Thank you, Chairman, for your trust."

Vivien Kelly was overjoyed when she heard this. Managing a fund is not only related to the amount of rights, but also related to performance commissions. Anyway, there are many benefits.

"Chairman, since you have agreed to the company's establishment of a fund, our company's performance on the surface cannot be bad, so this time we are long oil futures, and the company's public account uses a principal of 50 million U.S. dollars. What do you think? "

"Can."

Lin Baicheng nodded without objection, and said: "The prerequisite for establishing the fund is that your performance this time satisfies me, so I will not discuss the specific matters related to the fund now, and we will talk about it later."

Vivien Kelly had no objection after hearing this. It is indeed a bit too early to say this now.

Lin Baicheng reminded: "Regarding the sale of Hutchison Whampoa's shares, you can do it as you please, but do it in a secretive way, so that no one knows that it is related to me."

"I will leave this matter to others."

Vivien Kelly nodded in understanding.

After that, the two chatted for a while, and Vivien Kelly left the villa in Repulse Bay and went to the hotel where she was staying.

At around eleven o'clock in the evening, Lin Baicheng contacted Haruko Maori in Los Angeles.

In today's conversation with Vivien Kelly, Lin Baicheng probably told Haruko Maori to remember to supervise the funds for long oil futures. This has nothing to do with Lin Baicheng's distrust of Vivien Kelly. What's more, Lin Baicheng and Vivien Kelly have known each other for only a short time, with a capital of nearly 400 million US dollars. If he unconditionally trusts Vivien Kelly Kelly, then he is a fool.

After Maori Haruko agreed, she mentioned one thing.

This matter is related to Pioneer Technology Venture Capital Company. Lin Baicheng invested US$10 million in this company. This company previously participated in Apple’s financing, spending US$2.5 million for 1% of its shares, and now it also participates in the financing of New Century Software Company. , the same 1% shareholding is not less than 5 million US dollars, which adds up to about 8 million US dollars.

As a result, the remaining funds of Pioneer Technology Venture Capital Company are only about 2 million US dollars, not to mention that the manager Aig Dema has already spent nearly 1 million US dollars to invest in several start-up companies. After the financing of New Century Software Company is completed, , the remaining funds in the company's account were only about US$1 million.

Maori Haruko just asked Lin Baicheng if he wanted to invest another sum of money in Pioneer Technology Venture Capital Company.

"In a few days, I will give another US$5 million to Pioneer Technology Venture Capital Company to let Aig Dema continue to invest in companies with potential."

Lin Baicheng thought for a while and said, it's only 5 million US dollars, just treat it as training for Aige Dema. Maybe the blind cat will catch a few potential companies and get rich returns when it encounters dead mice.

Maori Haruko responded: "Okay, I will talk to Aige Dema about this, and at the same time I will not let him spend money randomly."

Lin Baicheng said: "Well, Qingzi, in addition to doing the final review of the investment, you also need to be optimistic about the shares of the companies that the company invests in, especially the part that I lead. You can't put it into the company without me knowing anything." Shares in a certain company were sold.”

After hearing this, Maori Haruko immediately said: "Chairman, don't worry, this kind of thing is impossible to happen, not only because I am watching, but also because Aige Dema does not dare to do such a thing."

"I also believe that he doesn't dare to do this, and I also believe that you can take good care of it. I'm just giving you a warning."

Lin Baicheng was just giving a warning to be prepared.

The two chatted for a few more words, and Maori Haruko suddenly changed her voice and said softly: "Baicheng, when will you come to Los Angeles?"

"If nothing else, I will go over when New Century Software Company's financing is officially finalized."

New Century Software Company is valued at hundreds of millions of dollars, so Lin Baicheng has no reason not to pay a visit.

"You won't be here for long, right?"

"Um."

"Then you should come and see me then."

"I will, don't worry, Haruko."

"I'm waiting for you, Baicheng."

"..."

After another ten minutes, Lin Baicheng and Maori Haruko ended the call.

After ending the call, it was almost twelve o'clock in the evening. Lin Baicheng did not contact anyone else or do anything else, and went to the bedroom to rest.