Rise up Hong Kong! Build a super wealthy Zhuang family
Chapter 7 Go to Wall Street to make a fortune
The next morning.
Hong Kong Kai Tak Airport.
In 1979, the only airport in Hong Kong was in the old town of Kowloon. The airport was built in a dense urban area, and the difficulty of landing and taking off aircraft was very high.
Since the early 1970s, Kai Tak has become a fully civilian airport. The Royal Air Force no longer uses Kai Tak Airport, which is also the only international airport in Hong Kong.
In the same year, the runway of Kai Tak Airport was expanded to 2,541 meters to meet the needs of the new generation of large jet aircraft. On April 11, the first scheduled Boeing 747 flight landed at Kai Tak Airport, operated by Pan American Airways.
It was not until early 1974 that Kai Tak Airport began to introduce advanced equipment and install an approach instrument navigation system, which allowed aircraft to land on runway 13 in bad weather, and the airport usage increased significantly.
In 1975, it was reclaimed and the runway was expanded to 3,390 meters, which fully met the standards of becoming a large airport. Coupled with the advantages of Xiangjiang's location, the economy developed rapidly. In 1975, 31 airlines were attracted to operate in Xiangjiang.
Although Kai Tak Airport has been expanded and renovated many times, its geographical location is greatly limited because it is built in a busy city and surrounded by mountains. This makes Kai Tak Airport known as one of the "Top Ten Dangerous Airports in the World".
Many airlines usually only send experienced pilots to fly to Hong Kong for the sake of safety. Therefore, since the operation of Kai Tak Airport, there have been very few major air crashes.
Around 6.30am.
Zhuang Rongxu took a car to the airport to meet Zhang Fuhua. This time it was just the two of them going to New York. When they got there, HSBC would apply for a brokerage certificate for Zhang Fuhua and let him operate.
This is what Zhuang Rongxu requested. He only trusts Zhang Fuhua, and he doesn't need other traders to follow him.
Moreover, Zhang Fuhua's investment purpose this time is very clear. He only needs to purchase a large amount of crude oil futures and does not need many brokers to serve him.
"Good morning, Mr. Zhuang. The plane will take off in an hour. Do you want to have breakfast first?" Zhang Fuhua had already bought breakfast for Zhuang Rongxu when he came over early.
Zhuang Rongxu was not polite and reached out to take his breakfast: "Thank you, Manager Zhang."
"Sheng Zhuang, you're welcome."
Soon, they boarded the plane at 7:30. After about 16 hours, Zhuang Rongxu and others finally arrived at New York International Airport.
Xiangjiang is 12 hours ahead of the time in New York. This means that when Zhuang Rongxu and the others boarded the plane at 7.30 a.m. on October 1, the time in New York was the last day of September.
Now after 16 hours of flight, the normal time in Hong Kong is close to 12 o'clock in the morning.
In New York, it's only about 12 noon.
"Sheng Zhuang, should we go to the hotel to rest first or open an account at the exchange?" Zhang Fuhua asked.
"Go directly to the exchange and start stocking up as soon as possible." Zhuang Rongxu responded.
The New York Stock Exchange is different from other places. A normal working day starts from the opening in the morning and ends in the afternoon, with no lunch break during this period.
So now they go to the exchange at 12 noon and it is still during normal working hours.
The opening hours of the New York stock market are also different, divided into summer time and winter time.
Daylight saving time is from April to November, and the opening time is from 9.30 am to 16.30 pm.
Winter time is from the first Monday in November to the end of March next year, and the opening time is adjusted to 10.30 am to close at 17.30 pm.
Today is already October 1st, just a few days before the start of the Iran-Iraq war. He must buy crude oil futures as soon as possible and wait for the price of oil to rise.
Since mid-September this year, Iraq has launched attacks on Iran. However, due to the intervention of other regions, the two countries have not yet entered into a full-scale conflict and have entered a period of negotiation.
But Zhuang Rongxu knew that this negotiation was just a decoration. Iran, which had been bombed, would definitely not resolve peacefully with Iraq. In a few days, he would take the initiative and start a war, leading to a complete oil blockade between the two places.
After the two major oil countries stopped supplying oil, 3/1 of the world's oil output was directly reduced. As a result, oil supply also decreased, and prices naturally rose.
Moreover, during this period, there were disagreements within the Alliance of Middle East Oil Countries, with most member states advocating following the market trend and raising oil prices in line with this general trend.
Although Saudi Arabia advocated freezing oil prices at the time, and even significantly increased production to lower prices, it could not change the facts.
After all, if multiple oil countries do not export their output, it is impossible to meet the oil demand of countries around the world with the supply of a single region, and it cannot solve the problem at all.
Therefore, Zhuang Rongxu must complete the entire purchase of crude oil within these few days.
"Okay Mr. Zhuang, please wait a moment while I arrange for a driver to drive us to the exchange."
Zhuang Rongxu nodded slowly.
Soon, under Zhang Fuhua's arrangement, after about 40 minutes' drive, we arrived at the Wall Street Exchange Center in New York.
Wall Street, the global financial center, is where almost all financial industries are aligned. If any financial crisis breaks out here, it will affect the global economic recession.
Historically, financial crises have broken out here many times, and each time they have affected the global financial market, which shows how big the impact is.
It's a little better now. But a few years later, on Black Monday of 1987, the financial crisis broke out in New York, instantly affecting the global financial stock market and causing varying degrees of losses.
The 1987 crisis, also known as the global financial disaster, had the greatest impact on New York, followed by Tokyo, which was developing rapidly, and then Europe.
These are all things for later, so I won’t go into details again.
Entering the New York Trading Center, Zhuang Rongxu finally saw what a paradise scene is.
The exchange in a huge venue is crowded with people, and there is no end in sight at a glance.
Rows of grids were filled with people, and staff in work clothes were walking back and forth. It was obvious that they were very busy.
There were also many people standing in front of several large electronic screens. The products displayed on the electronic screens were different, including the US Dow Jones Index, industrial index, and stock price trading information of major listed companies.
There are also various futures display boards. The display boards in the entire trading hall dazzled Zhuang Rongxu, but they are so clear at a glance.
The situation at the New York Trading Center is incomparable to the excitement of the Hong Kong Exchange.
This can be described as crazy.
"Sheng Zhuang, let's find a seat first. I'll open an account first, but it may take some time. After all, it's my first time to deal with things on the New York Stock Exchange. After I handle it, I can start trading." Zhang Fuhua said.
Zhuang Rongxu shook his head when he heard this: "Go and open a VIP room, an ordinary one will do."
He will not crowd into the trading floor like ordinary investors. He knows that there will be VIP rooms in any exchange. It is just a matter of whether the price is more or less.
But the cost of opening a VIP room is nothing compared to his subsequent trading. He won't save this money, and there is no secret in working on the trading floor. He doesn't want anyone to know that he purchased a large amount of crude oil. matter.
Although he has been investing more and more principal, with leverage, it is an investment of over ten million US dollars. In 1979, even if it was placed on an exchange in a super financial area like New York, it was not a small amount.
Furthermore, in the future, according to historical development, the capital he invested will earn a lot. If such a large amount of income were known, it would definitely attract the jealousy of others and cause him a lot of trouble.
Therefore, Zhuang Rongxu will definitely not choose to work in the lobby. He does not lack the money to open a VIP room.
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