Chapter 1173 Ambition(1/2)
Central Ring Road in Hong Kong Island in Hong Kong is a place where every inch of land is valuable.
In the 1970s, Xiangjiang developed greatly and began to build construction everywhere, and the development speed of Central was changing with each passing day.
The rich man HSBC bought the Chinese Bank in Central.
The Chinese Walk is a building built in the early 20th century. This building once witnessed the rise of Chinese businessmen in Hong Kong, so it is called the Chinese Walk.
The first stock in Xiangjiang, the famous Far East Stock Exchange, was born in the Chinese Channel.
After HSBC bought the Chinese Train, it planned to demolish and rebuild the building because the building was too old.
At that time, many real estate companies participated in the bidding.
After all, being able to join HSBC is the dream of every wealthy man in Xiangjiang.
In this city, this bank is the central bank.
In fact, Bao Yugang, the richest Chinese in this era, has changed from nothing to the world's ship king in just 20 years with the help of HSBC.
HSBC provides an unlimited loan of more than ten degrees to Bao Yugang.
In the reconstruction work of the Chinese People's Bank of China, the final winner was Li Huangcui.
Because the plan submitted by Li Huangcucumber is almost unprofitable.
If you have a advantage, you won’t take advantage. As a result, HSBC General Manager Chen Cao naturally handed over the business of rebuilding the Chinese Bank to Li Huanggua.
Since then, Li Huanggua has taken on the battlefield of HSBC, from an intermediate rich man to almost one of the most popular big shots.
The new Chinese pedestrian has a total height of 22 floors and a total area of 240,000 square feet.
The exterior walls used the most advanced technology at that time. In addition, the building's lighting and fire protection systems are controlled by computers.
During the gap period when building HSBC's new headquarters, HSBC Bank temporarily moved its headquarters here.
Now, Qin Fan also has a small office here.
On the 21st floor, HSBC Securities Department transferred a large house and handed it over to Qin Fan as the workplace for his financial trader.
This day is August 4th.
The Feifan Investment (HSBC) branch, more than 40 people are busy in more than 1,000 offices.
Each of these staff members had 4 or 5 phone calls and a small blackboard in front of them.
In the middle of the front of these people, there is a large blackboard filled with numbers and time.
Qin Fan and Zhang Jingye are now standing in front of the blackboard.
".The Hong Kong dollar exchange rate continues to depreciate. As of today, the exchange rate ratio between major banks is only 8.856 Hong Kong dollars per US dollar. Compared with the same time last year, the depreciation rate exceeded 27%. Compared with 1981, the depreciation rate even exceeded 100 million yuan. 65%!"
".And this exchange rate ratio is only the value of banks and regular financial companies. In the black market, it is said that it has to be used for HK$10 before it can be exchanged for one US dollar."
". The Sino-British negotiations are not decided, and the Dayin Empire is ambiguous. Foreign capital is in despair, and a large number of citizens want to immigrate. In this case, the Hong Kong dollar will definitely continue to depreciate!"
Zhang Jingye whispered to report on the situation of the Hong Kong financial market during Qin Fan's absence.
During this period, the biggest situation in the Hong Kong financial market is the depreciation of the Hong Kong dollar.
The Hong Kong dollar was originally pegged to the pound.
However, after World War II, the economic strength of Yin Kingdom weakened and it once depreciated significantly.
This has affected the economy of Xiangjiang.
So in June 1972, after the British pound was freely floating, the Hong Kong dollar was pegged to the US dollar.
The initial exchange rate was HK$5.65 to 1 USD.
In February 1973, it was changed to HK$5.085 to 1 USD.
Since November 1974, it has been changed to free floating.
When the exchange rate was at its highest, it used to only need to exchange for one US dollar for about HK$4.5.
It was not until 1982 that the Sino-UK negotiations failed.
Due to the future problems of Hong Kong Jiang, the confidence crisis caused has caused the Hong Kong dollar exchange rate to begin to drop sharply.
At the end of last year, the Hong Kong dollar fell below 8 yuan for the first time.
It has developed to this point, and it has fallen to around HK$8.8.
But Qin Fan knew that HK$8.8 is not the bottom line!
In his memory, the lowest exchange rate of the Hong Kong dollar should be next month.
At that time, it will take almost HK$10 to be able to counter 1 USD.
In parallel space and time, it will last until October 17 this year.
Forced by helplessness, the Hong Kong government came forward to announce that the Hong Kong dollar exchange rate was pegged to the US dollar and set it to HK$7.80 to 1 US dollar, which lasted until later generations.
"We have very sufficient ammunition." Qin Fan said calmly: "Just be prepared! I believe that HK$8.8 will definitely not be the bottom line! The bottom line I am optimistic about is that the exchange rate of HK$ is about one dollar."
Zhang Jingye nodded, he was very excited.
He felt that he was following the right boss.
Last month, the boss just completed the feat of acquiring two listed companies at the same time.
This month, the boss's goal is even bigger.
He actually wants to go long against the trend of the Hong Kong dollar!
As Qin Fan’s chief financial officer, he is the one who knows the boss’s financial resources the most!
4.2 billion US dollars!
When Zhang Jingye thought of this number, he felt a little dizzy.
What a great fortune!
You should know that the entire year of last year, the GDP of the entire Xiangjiang River was only 32.2 billion US dollars!
The funds that the boss can operate are actually 1/4 of Xiangjiang’s GDP in the whole year!
Zhang Jingye felt that even the giant crocodiles on Wall Street and those colleagues he once admired.
There is a high probability that in this life, there will be no chance to operate such a large amount of funds!
For Zhang Jingye, a financial practitioner, he can control such an exaggerated amount of funds, just like a general who can control millions of troops.
"BOSS, when do you think we should enter the market?" Zhang Jingye has unconditionally trusted his boss' ability to make money in the stock market and financial markets.
This former Wall Street staff member who once considered himself very high is now willing to be a professional trader for Qin Fan.
When Qin Fan was in charge of work, Zhang Jingye chose to empty his head and completely obey his command.
"It's now 8.8. We can start to enter the market step by step. First take out some of the funds, strive to get leverage in the bank, and bet on options with others first!"
This approach is the most choice for retail investors and institutions with relatively low funds when investing in foreign exchange markets.
You don’t need to buy foreign exchange when betting on options, you just need to bet on whether the currency exchange rate will rise or fall.
For example, if I am optimistic that the US dollar will appreciate in exchange for pounds, I will bet that the US dollar will be more.
If the US dollar really appreciates, it is profit. If the US dollar depreciates, it is loss.
Most of the small players in later generations, and some institutions with great gambling, talk about foreign exchange speculation in this way.
"Understand. But the situation in Hong Kong is unclear now, and there are very few objects we can bet on options." Zhang Jingye waved his hand helplessly and said
"Everyone is not optimistic about the Hong Kong dollar now, and I don't know when it will depreciate. Large institutions will not end, while small institutions will be too small for the betting market."
Since it is a futures bet, of course, you must have an opponent.
If you bet on the Hong Kong dollar, it will appreciate, and someone must bet on you that the Hong Kong dollar will depreciate.
If the Hong Kong dollar appreciates, those who bet on the Hong Kong dollar will lose money to you.
And if the Hong Kong dollar depreciates, then your money will lose to the other party.
Simply put, it is like buying big and buying small in gambling.
Since it's gambling, if no one bets with you, this model will not work.
Then you can only buy foreign exchange by yourself, and then choose the time to sell it, and make a profit by borrowing the difference.
Qin Fan’s operation in the Neon Foreign Exchange Market is this betting model, that is, currency options betting.
Only this model of betting on options can have leverage multiples of fifty times, hundred times, or even more than a thousand times.
Qin Fan can get five hundred times leverage in Neon, this is the model.
He could operate this in Neon, but after returning to Xiangjiang, he found it difficult to do this.
The main reason is that there are not enough players to bet on the Hong Kong dollar plate and the amount of funds is not large enough.
Compared with the daily transaction volume of the Neon Exchange Market that is as high as 10 billion US dollars, the daily transaction volume of the Hong Kong Island market is only a few hundred million Hong Kong dollars.
The difference in plate size in the entire market was so big that it made him helpless and desperate.
On the Hong Kong Island side, even if Qin Fan wants to play leveraged futures bets, he still can't find an opponent here.
To be continued...