Reborn as a tycoon in Hong Kong

Mitsubishi Bank, Investment Department.

"The account code-named X made some noise and began to sell the long orders it held."

The funds for Bailong Commercial Club's gold futures long orders are financed by Mitsubishi Bank. Therefore, the bank will supervise the account. Once the funds in the account reach the loss line, it will immediately perform liquidation operations to prevent the bank itself from causing joint losses. .

Therefore, when Bailong Commercial Club's account began to close out long orders, Mitsubishi Bank's supervisory staff immediately discovered the anomaly and reported the matter to his superior section chief.

After the section chief learned of the incident, in addition to reporting to his superior, the deputy chief, he also reported the incident to Iwasaki Mineryu's people. Iwasaki Mineryu also drew attention to the operation of funds on this account, and in the end this task fell to the section chief.

Mitsubishi Bank itself also invests in the gold futures market, so the bank knows that a large amount of funds are being shipped, which has great reference significance for the bank's operations.

Naturally, there are professionals to judge how Mitsubishi Bank will operate. However, after Iwasaki Mineryu learned about this incident from the report of his subordinates, he immediately asked people to start shipping, closing the long gold futures orders in his hand.

Now that the price of gold has exceeded 400 US dollars per ounce, the long orders held by Iwasaki Mineryu have increased significantly, and it is time to settle down. In addition, he trusts Lin Baicheng's judgment, at least Lin Baicheng Haven't missed it so far.

Although Iwasaki Mineryu began to close the long orders in his hand, he did not contact Lin Baicheng immediately about this matter, otherwise he would have told Lin Baicheng clearly that the account information of Bailong Commercial Club was being monitored by him. Although Lin Baicheng should be able to guess this kind of thing, there are some things that can be done but cannot be said.

In addition to liquidating the long gold futures orders in several places, Lin Baicheng also contacted Qin Lan in Xiangjiang and asked Qin Lan to implement the plan code-named H.

The so-called plan code-named H was what Lin Baicheng had agreed with Qin Lan early on. The purpose of the plan was to have Yum Securities spend as much money as possible to buy Hutchison Whampoa's stocks. Yum Securities can go to Galaxy Bank to use leverage, so that Yum Securities has more funds to operate, and Galaxy Bank can also earn interest from it.

Lin Baicheng will form a financial group with Galaxy Bank as the core, and Yum Securities will be included in the financial group. Galaxy Bank is currently taking over with Yum Securities, and the financial group will be established soon.

Friday the 21st is the last trading day of the week.

In the afternoon of that day, Hutchison Whampoa's long orders completed the last transaction, and all the long gold futures orders arranged by Lin Baicheng were closed. At this time, the price of gold rose to 411.38 US dollars per ounce, indicating that the trend was still in an upward trend.

"It looks like the price of gold will continue to rise."

After closing the long order, Lin Baicheng couldn't help but think deeply as the price of gold continued to rise.

Soon after, Lin Baicheng made the decision to let Vivien Kelly be responsible for selling more gold futures orders that he had not planned to sell. There is no need to smash the market, sell slowly, and sell as much as you can when the gold price is rising.

The reason why he closed his long gold futures order was because Lin Baicheng had other ideas.

After that, Lin Baicheng contacted all parties and calculated the gains from the long orders that had been sold so far.

The first is the funds of Yum Fund. The total funds for all operations are 1.53 billion Hong Kong dollars, but it is divided into two operations. The main reason is that the funds of fund investors come early and late, so the operation time naturally also comes early and late.

Among them, 780 million Hong Kong dollars were 201.1 US dollars per ounce. The average selling price of the Yum Fund this time was 403.6 US dollars per ounce, an increase of 100.7%, and a profit of 785 million Hong Kong dollars. However, the interest on the use of leverage, operating fees and Tax deduction. Among them, the operating fees are not much, they can only be counted as a fraction, and the majority are leverage interest and taxes.

The operating capital is HK$780 million, of which the interest alone is HK$53 million. The main reason is that the leverage was used for too long, for nearly a year. After deducting more than 70 million Hong Kong dollars in taxes, only 660 million Hong Kong dollars are left. This is the final profit of Yum Fund.

Yum Fund still has 750 million Hong Kong dollars in long orders. The buying cost price is 206.4 US dollars per ounce. The average selling price is also 403.6 US dollars per ounce, an increase of 95.54%. The profit is 716 million Hong Kong dollars. The leverage interest is exactly 60 million Hong Kong dollars. Taxes More than 60 million Hong Kong dollars were needed, and the remaining profit was only 595 million Hong Kong dollars.

In other words, Yum Fund’s final profit from this wave of long gold futures is HK$1.255 billion. And this does not include its own principal of 153 million Hong Kong dollars. If these are included, Yum Fund will have 1.408 billion Hong Kong dollars left in its account.

Of course, the current funds in Yum Fund's account are naturally not as small as 1.408 billion Hong Kong dollars. The funds in the account will only be more, because the bank's interest and taxes have not been paid, and the money is still in the account, but it is being calculated. That money was just deducted at that time.

When calculating the funds in the Yum Fund account, we must also calculate how much money here belongs to Lin Baicheng.

Lin Baicheng himself did not invest a penny, all the money belonged to the client, but in the contract he signed with the client, once the profit he created for the client exceeded 100%, he would receive 50% of the profit as his remuneration.

The principal in the Yum Fund account that actually belongs to the client is only HK$93 million. Now the funds in the account have become HK$1.408 billion. This means that Lin Baicheng created a profit of HK$1.315 billion, and he can receive HK$657.5 million.

Lin Baicheng made a profit of HK$650 million without spending a penny. However, those customers did not lose money. It can even be said that they made a lot of money, because their principal of 93 million Hong Kong dollars became 750.5 million Hong Kong dollars, which was more than eight times the principal.

An investment that has more than eight times the principal, even if it lasts ten years, is still a very profitable investment, not to mention that the investment time is only about one year.

Then there is the US$500 million operating capital of Bailong Commercial Club. This is also divided into two operations, and the time and interest used for leverage are also different, so they must be calculated separately.

For an operating capital of US$200 million, the buying cost price was US$200.25 per ounce, and the average selling price was US$407.8 per ounce, an increase of 103.65%, with a profit of US$207.3 million, an annual interest rate of 9% for 11 months, and an interest of 1,710 US dollars. Ten thousand US dollars, US$19 million in taxes, and the final remaining profit was only US$171 million.

For the long order of US$300 million, the average buying price was US$203.55 per ounce, and the average selling price was also US$407.8 per ounce, an increase of 100.34%, with a profit of US$301 million, and an annual interest rate of 8.9% for 10 months. With interest of US$22 million and taxes of US$28 million, the profit is only US$251 million.

The total profit of the two waves was US$422 million, less than 100% of the profit, mainly because a lot of interest and taxes were deducted.

Bailong Commercial Co., Ltd. has 106.5 million U.S. dollars in funds in Mitsubishi Bank's account. A total of 528.5 million U.S. dollars belongs to Bailong Commercial Co., Ltd., and interest will be deducted from the remaining funds and used to pay taxes.

Among the US$528.5 million in funds of Bailong Commercial Association, only US$10 million in principal truly belongs to Bailong Commercial Association, and the remaining US$518.5 million is all profits.

Finally, there is the US$2 billion operating capital of Hutchison Whampoa. It started to build positions in February. Although it was long gold futures with multiple banks in multiple countries using leverage, the average buying price of this total capital was It is US$247.6 per ounce, and the average selling price is US$405.39 per ounce.

An increase of about 63.73% and a profit of US$1.275 billion.

In terms of interest, interest rates vary from country to country. After calculation, the annual interest rate is 9.1%.

It is now mid-to-late September, and it takes time to transfer funds, so we need to calculate eight months of leverage interest, which is 6.825% interest. The interest on US$2 billion is US$136.5 million.

After deducting the handling fees, the profit is only US$1.138 billion.

Unlike Yum Fund and Bailong Commercial Co., Ltd.’s operating funds, Golden Fleece Company operates these funds by registering offshore companies, so the tax is not that high. It only needs to pay taxes of about US$45 million. Specifically It requires a professional tax avoidance accountant to do the accounting, but the fluctuations will not be too big.

At the time of Yum Fund and Bailong Commercial Club, Lin Baicheng didn't know how to use offshore companies to avoid taxes, so a lot of taxes were deducted. This is what professionals are for. There is a reason for people to get high salaries.

US$1.093 billion is the profit of US$2 billion of funds operated by Hutchison Whampoa, but this is not the final profit that Hutchison Whampoa can obtain.

Hutchison Whampoa's US$200 million principal was originally entrusted to Wade Investments. This company was an offshore company affiliated with the Golden Fleece Company. The entrustment fee at that time was only a symbolic US$1, and the real amount was US$10. % profit commission.

In other words, of the US$1.093 billion in profits, US$109.3 million is the management fee of Wade Investment, which is actually equivalent to Lin Baicheng. Lin Baicheng only needs to give a little bit to Vivien Kelly and others as bonuses, and the rest Everything that falls belongs to him.

US$983.7 million is the profit that Hutchison Whampoa can get. Adding its own principal of US$200 million, the US$1.1837 billion in the account belongs to Hutchison Whampoa.

Both settlement and transfer take time, so the relevant funds are still with the bank using leverage, and the funds will be transferred to the corresponding account one after another.

That night, Lin Baicheng took a private plane back to Xiangjiang, and Guan Zhilin naturally went back with him.

This visit to the United States is related to the investment in oil futures. Now that he has decided not to sell oil if the price is lower than 15 US dollars per barrel, Lin Baicheng naturally has no need to stay. Whether it is oil futures or gold futures, Maori Haruko will help Lin Baicheng keep an eye on them.

However, before leaving, Lin Baicheng also did one more thing, which was to contact Phil Smith and tell him that he had closed his long gold futures order. How Phil Smith operated had nothing to do with Lin Baicheng.

The same was true for Iwasaki Mineryu, Lin Baicheng also notified him. Although he knew that Iwasaki Mineryu should have known about this for a long time, he still pretended not to know and informed Iwasaki Mineryu, and the two of them had a tacit understanding.

The private plane landed in Xiangjiang at around two o'clock in the morning on Sunday. The time difference plus the flight time took more than a day in total.

Lin Baicheng knew that the plane would arrive in Xiangjiang at this time, so he and Guan Zhilin had already gone to bed. After the plane landed, they did not leave the plane, but stayed in the plane overnight.

It wasn't until about seven o'clock in the morning that Lin Baicheng woke up, took people out of the airport, and left the airport in the extended Lincoln that the bodyguards drove.

Lin Baicheng did not take Guan Zhilin back. He asked a female bodyguard to drive Guan Zhilin back.

From the bodyguard, Lin Baicheng learned that his parents were still in the mainland, but Lin Shufang had returned to Xiangjiang a few days ago.

Lin Baicheng, who had already slept on the private plane, did not go back to sleep after returning home.

"Brother, when did you come back?"

At almost eight o'clock, Lin Shufang came down from upstairs and saw Lin Baicheng watching TV.

"I just came back not long ago."

Lin Baicheng replied, and then asked: "My parents are still there, are they planning to come back during the Mid-Autumn Festival?"

Lin Shufang said: "They said they were planning to come back after the Mid-Autumn Festival. Mom specifically told me so that we don't have to go there specially for the Mid-Autumn Festival."

"Is that so?"

Lin Baicheng nodded. His parents wanted to spend the Mid-Autumn Festival there, so he wouldn't insist on their coming back. At the same time, Lin Baicheng would not go there specially to celebrate the Mid-Autumn Festival. After all, the transportation was not very convenient, and he was very busy, especially during this period of time.

Lin Shufang asked: "The Mid-Autumn Festival will be celebrated in about ten days. Are you still ready to leave Xiangjiang?"

"Probably not."

Lin Baicheng couldn't guarantee that if a major incident happened to companies in the United States and Japan, let alone the Mid-Autumn Festival, even if it was the Chinese New Year, he would go there to deal with it.

"Where's my little sister? Will she come back for the Mid-Autumn Festival?"

Nodding, Lin Shufang suddenly remembered Lin Qin who was studying in the United States.

"Let's see if she wants to come back. Anyway, my parents won't be celebrating the Mid-Autumn Festival in Hong Kong this year."

If her parents are not in Xiangjiang to celebrate the Mid-Autumn Festival, it doesn't matter whether Lin Qin comes back to celebrate the Mid-Autumn Festival.

"That's true."

Lin Shufang did not object when she heard this.

Lin Baicheng reminded: "Sister, in the past few days, Hutchison Whampoa, Yum! Fund, and Bailong Commercial Association have received large amounts of money. You must supervise them and keep an eye on the bank's interest and taxes."

"Did you sell those gold futures investments?"

Lin Shufang immediately guessed what was going on when she heard this. She helped Lin Baicheng manage his finances. Of course she knew what investments the relevant companies were making, otherwise how would they supervise them.

Lin Baicheng definitely trusts his sister Lin Shufang. It's impossible for his sister to distrust him and instead trust outsiders, right?

"Well, the price of gold has risen sharply recently, so I closed some of my long orders."

"It's okay to flatten some of it, your investment is so big, I'm worried about you to death."

Lin Shufang was always worried when she thought about Lin Baicheng's huge investment in gold futures. She was worried that Lin Baicheng would suffer huge losses. It was not until the price of gold rose above US$300 per ounce that she felt relieved.

Mainly because Lin Baicheng asked her not to tell anyone about her financial situation, not even her parents, let alone Cheng Yufeng, and she did it. It's naturally a lot of pressure to bear it alone.