Reborn as a tycoon in Hong Kong

"Yum Fund's long gold futures order has been closed. Is Hutchison Whampoa's US$200 million investment really a long position? And can't it be a long position using leverage?"

Yum Fund's gold futures long orders are financed from HSBC, so when the long orders here are sold, HSBC will naturally know that Shen Zhou, who has specially arranged for people to keep an eye on it, will also be reported immediately.

Shen Chou didn't think much about it at first, but now Hutchison Whampoa's stock price has risen sharply in a short period of time, and a large amount of funds have entered the market to do long positions. Shen Chow has reason to suspect that these funds are related to Lin Baicheng.

Although Xiangjiang's stock market stipulates that the largest individual shareholder's shareholding ratio in a listed company cannot reach 50% and can only be lower than 50%, but if you really want to exceed it, you can do it through some means. Shen Zou believes that Lin Baicheng can do it This, and it won't be exposed.

If the long Hutchison Whampoa funds are really related to Lin Baicheng, then HSBC's previous behavior of selling stocks is wrong. Only when Hutchison Whampoa's investment makes huge profits, Lin Baicheng will spend a large amount of money to buy Hutchison Whampoa. stock.

At present, these are just speculations. Whether this is the case requires inquiry.

That night, Shen Zhou arranged for someone to inquire with Hutchison Whampoa's executives. Many of Hutchison Whampoa's senior executives are British. As long as you are willing to spend money, you can get some information.

Unfortunately, the next morning, Shen Porridge learned that PR Wei Li had failed, and other management did not find out the relevant information. It could be said that they found nothing.

On this day, Hutchison Whampoa's stock price rose amid shocks. The stock price increase that day was not very high, but it was still 2.77%. The closing price was HK$63.45. The company's total market value exceeded HK$25 billion.

Hutchison Whampoa's stock price did not rise very much today, but the turnover rate was very high. The higher the stock price went up, the more people sold the stock.

On this day, the funds cooperated by Lin Baicheng, Bao Yugang and others completed the opening of a large number of positions. Adding in the amount purchased yesterday, a position of about 700 million Hong Kong dollars was opened in two days.

On the same day, in the middle of the night, there was a call from New York, saying that today the international gold price had risen sharply and fell back. It rose to a maximum of 423.85 US dollars per ounce, but closed at 412.6 US dollars per ounce, creating a negative line with a long upper shadow. , the trend is very ugly.

Vivien Kelly and others judged that the international gold price will have a long-short game on Thursday, New York time. Once the shorts become strong, the gold price will fall below US$400 per ounce. If the bulls are strong, they will fluctuate and rise, but they will not rise too high. And if there is no good news after the rise, the price of gold will inevitably adjust and fall back. The recent increase has been too high.

Lin Baicheng asked Vivien Kelly to operate according to the plan. As long as the gold price is above 400 US dollars per ounce, he can close as many long orders as he can. The operation will stop when the gold price is below 400 US dollars per ounce.

On Thursday, Hutchison Whampoa's stock price continued to rise sharply.

However, when Hutchison Whampoa's stock price started to rise today, some short orders appeared in the futures market. The higher the stock price went, the more short orders appeared.

What the futures market does is counterparty trading. There are those who are short on Hutchison Whampoa's stock price, and naturally there are those who are bullish on Hutchison Whampoa's stock price. Therefore, institutions will naturally take over the corresponding short orders, and who of the long and short sides in the futures market is strong against Hutchison Whampoa's stock price? The stock price has no impact.

Only when the short side borrows stocks from banks and sells them can the stock price be suppressed, because that is a real sale of stocks.

Today is already Thursday. Tomorrow Lin Baicheng will ask Hutchison Whampoa to announce its investment profits. Therefore, it is best to complete all positions of the remaining 500 million Hong Kong dollars today, so the traders responsible for trading today are buying more aggressively. .

As long as Hutchison Whampoa's stock price is below HK$70, the remaining HK$500 million can be bought at any cost. Yesterday, Hutchison Whampoa's closing price was HK$63.45, which was a little more than 10% higher than the price of HK$70.

With only 500 million Hong Kong dollars in capital, it is not that easy to increase the stock price by 10% in a market with a market capitalization of 25 billion Hong Kong dollars. What's more, there has been a considerable increase in the past, and there is a great pressure level at HK$70. There will be huge selling pressure, and it will be even less possible to raise the stock price by 10%.

At noon, Police Commissioner Henry contacted Lin Baicheng and asked Lin Baicheng to have afternoon tea. Lin Baicheng agreed, but the place for tea was not at the Peninsula Hotel, but in the chairman's office of Hutchison Whampoa.

"Lin Sheng!" "Henry!"

When Henry walked into the office, Lin Baicheng asked the secretary not to come in and disturb him for a while.

Henry is British, and Lin Baicheng didn't make things difficult for him. The two of them drank black tea.

"Henry, it's rare for you to ask me for afternoon tea, but what's the matter?"

After drinking tea, Lin Baicheng asked with a smile. As the saying goes, he would go to the Three Treasures Palace for nothing. Henry, who had rarely contacted him, suddenly asked him to have afternoon tea. Of course, he thought that the other party had something to do with him.

"Lin Sheng, you are a busy man, and I don't want to disturb your work."

Henry explained, and then said: "That's it, the funds we invested in Yum Fund, Lin Sheng, you used to do long gold futures, but yesterday the price of gold shot up and fell back, and everyone was worried that it would fall again, so let me come and ask Lin May I ask, Lin Sheng, if our long orders have been closed? If not, what are your plans, Lin Sheng?"

In fact, Henry now knows that the long orders of Yum Fund have been closed, and he knows how much profit Yum Fund has made, and he is ecstatic. The reason why he knows this is because Shen Porridge told him this, and Shen Porridge told him that he wanted this. Do a favor, and he agreed.

Henry certainly couldn't show that he already knew everything. He could only choose to ask Lin Baicheng, and then find an opportunity to do what Shen Zhou asked him to do.

“I have already closed my long position. When the gold price exceeded 400 US dollars per ounce, although the price was not sold at the highest level, it had risen a lot compared to our purchase price, so I chose to close the position. "

Lin Baicheng didn't hide anything after hearing this. Anyway, when Hutchison Whampoa's investment profits are announced tomorrow, he will definitely be asked about this by Yum Fund investors. Now he is just saying it in advance.

"Already sold?"

Henry immediately said: "It's normal not to sell at the highest point, but it's good to be able to sell at a relatively high point. Lin Sheng, can I ask how much the money invested by us people has increased now?" In fact, he already knew this. Yes, I'm just pretending not to know.

"The fund has repaid bank interest and is currently paying taxes. However, the current balance of the fund has been calculated. It totals HK$750 million. If calculated on average, the principal of all investors has increased by about 8 times."

"Of course, Yum Fund's investment is divided into two times. The return rate of the first investment will be higher than the second investment. The first investment should have a return rate of more than ten times. The return on the second investment is only about five times.”

Lin Baicheng never thought about asking for money from Rye Hao, Henry and others. He also wanted to use their relationships to establish a foothold in Hong Kong and do some things. The money earned for them was regarded as protection money.

This is just like Lin Baicheng doing business in the United States and befriending the Elephant Party (Republican Party). He donates political donations to Elephant Party congressmen, senators and other important officials, and spends money to befriend them. Isn't it just another disguised form of protection money.

"Even if it's only five times, that's still very high!"

Henry's eyes glowed, releasing the pent-up ecstasy. He invested a total of 3 million Hong Kong dollars, but he invested it in two installments, the first investment was 1 million Hong Kong dollars, and the second investment was 2 million Hong Kong dollars. In total, his assets will become more than 20 million Hong Kong dollars.

Today, the Hong Kong dollar is not pegged to the pound, but floats freely. The pound has been falling against the US dollar over the years, from 1 pound to 1.3 US dollars in 1975 to 1 pound to 1.3 US dollars today, which is nearly halved.

Today, 1 pound is equivalent to nearly 5.5 Hong Kong dollars, and more than 20 million Hong Kong dollars is equivalent to about 4 million pounds. This money will be enough for Henry to live a rich life and become a rich man when he retires and returns to England.

At this moment, Henry was so grateful that he had spent a large sum of money to take care of Lin Baicheng. When he first invested, he never thought that Lin Baicheng could earn him seven or eight times the profit, with a return rate of 50% to 100%. He was very satisfied. He never thought that Lin Baicheng would be so powerful.

"Lin Sheng, you are so amazing! You are the God of Investment and God's messenger in the world!"

Faced with Henry's praise, Lin Baicheng was not modest. He smiled and said: "I dare not say anything else. I still have some experience in investment. Henry, since you entrust me with your money, then I won't Let you down."

Henry said immediately: "We have always believed that Lin Sheng, your investment will make money!"

"Thanks."

Smiling, Lin Baicheng took the initiative and said: "I'm going to find a time to call the investors together, but I know everyone is very busy, especially our Hong Kong Governor, so Henry, please find someone to discuss the arrangements. , I will tell you about the arrangements for the fund funds at that time, which is related to everyone’s interests.”

"I'm sure everyone will find the time."

Henry nodded. He knew that the Hong Kong Governor invested US$5 million and HK$21 million, which was the largest investment among all investors. Even if the Governor of Hong Kong invests for the second time and only has a five-fold return, that is still US$25 million, a profit of US$20 million, and more than 15 million pounds. In the UK, he is definitely a wealthy and upper-class person.

Henry was sure that the Hong Kong Governor must have felt the same as him when he learned about it. Although the Hong Kong Governor has handled a lot of money, including hundreds of millions and billions of Hong Kong dollars, the money does not belong to him. It belongs to the Hong Kong government and London, and is not of the same nature as the profit of 20 million US dollars.

Lin Baicheng said: "That's good. I'll leave it to Henry to handle this matter."

"You're welcome, Lin Sheng. This is what I should do."

After waving his hand, Henry asked curiously: "Lin Sheng, Hutchison Whampoa's US$200 million in funds should also be long gold futures, right? It must be profitable this time as well, right?"

"Why do you care about this?"

Lin Baicheng looked at Henry with some confusion. Hutchison Whampoa should have nothing to do with Henry.

Henry explained: "Hutchison Whampoa is Lin Sheng's company. I was inevitably a little curious, so I asked casually."

"You will know this tomorrow, when Hutchison Whampoa will announce it to the public."

Lin Baicheng smiled secretly. He didn't think too much about it, he was just trying to keep it a secret.

"Tomorrow? Then I'll wait and see."

Henry didn't ask again after hearing this. He was just asking for help for Shen Porridge. It would be best if he could find out. If he couldn't find out, it had nothing to do with him. He didn't want to affect his relationship with Lin Baicheng, and he wanted to continue holding on. Lin Baicheng's thighs allowed his wealth to continue to grow.

Lin Baicheng and Henry chatted for a while, then Henry said goodbye and left, and Lin Baicheng sent Henry out of the office.

After Henry left, he returned to the police station and contacted Shen Chou by phone and told Shen Chow what he had learned.

Shen Zhou was a little disappointed after hearing this. He wanted to know in advance whether Hutchison Whampoa's investment had made money, and if so, how much money he had made, instead of waiting for everyone to know at the same time when Hutchison Whampoa announced it tomorrow.

However, Shen Zhou tried every method he could think of and had no choice but to give up. He was not going to ask Lin Baicheng in person, because he knew that Lin Baicheng would probably not tell him the answer, and he would not lose face.

Hutchison Whampoa's stock experienced huge fluctuations, and Shen Chou, who had no way to get inside information, had to let the investment department decide whether to participate. It was also up to the investment department to decide whether to go long or short.

At about three o'clock, Shen Zou, who was paying attention to the stock price trend of Hutchison Whampoa, learned from his subordinates that an institution had borrowed Hutchison Whampoa shares from HSBC, obviously for the purpose of shorting. When the institution borrowed the stock, Hutchison Whampoa's stock price was HK$66.35. .

This institution borrowed HK$500 million of stocks with a principal of HK$50 million and used ten times leverage. It was obviously betting that Hutchison Whampoa's stock price would not exceed the previous high of HK$70.

Securities lending is a bank's business, and HSBC will definitely lend out stocks. As long as the interest rate is appropriate, it will not refuse door-to-door business.

As of the close of trading, HSBC had lent a total of HK$850 million in Hutchison Whampoa shares, but Hutchison Whampoa's stock price closed at HK$66.97 and did not fall due to the large number of stock sales.

Some people are short Hutchison Whampoa, and naturally some are long. Each institution has its own reasons for being bullish and bearish.

No one dares to say that their judgment is correct until the last moment.

Because a lot of funds chose to sell stocks short Hutchison Whampoa, the remaining HK$500 million from the cooperation funds of Lin Baicheng, Bao Yugang and others completed the position building today, and the HK$1.2 billion raised on Monday was spent in these three days. Buy all Hutchison Whampoa shares.

However, although the position was completed, the price was not small. The cost of the remaining 1.2 billion Hong Kong dollars was around 63 Hong Kong dollars. Unlike the 1.2 billion Hong Kong dollars that were bought at the bottom, the cost price is only over 50 Hong Kong dollars, less than 50.5 Hong Kong dollars, which is quite different.

Fortunately, although the cost price is not low, once Hutchison Whampoa's huge benefits are announced, the stock price will inevitably rise sharply. When Hutchison Whampoa's stock price breaks through the 70 Hong Kong dollar price, the subsequent 1.2 billion Hong Kong dollars can also make a big profit. Not to mention HKD 100 million.

Lin Baicheng, who learned that all the funds had been completed, decided to announce the good news tomorrow. By tomorrow, all the funds belonging to Hutchison Whampoa would be transferred to Hutchison Whampoa's accounts in several banks.