Reborn as a Hong Kong Tycoon

Chapter 142 Arrangements After Years
The new year passed without knowing it.

Lin Baicheng's aunt Lin Yan's family stayed in Xiangjiang for a few days before returning to the United States.

Lin Yan's family is used to staying in the United States, so they are more willing to work in the United States when they have a choice, so the arrangement for them will have to wait for Lin Baicheng to go to the United States.

Lin Yan's family did not refuse the good job that Lin Baicheng wanted to arrange for them. They already knew that Lin Baicheng was a billionaire. With their relatives well-off, no one would be unwilling to be rich and let their family live a better life.

This New Year, Lin Baicheng is very busy, mainly because many managements below come to his house to pay him New Year's greetings.

Not to mention Cheng Yufeng, An Yuan, Liu Yihui and other Chinese, even Wei Li and other white people came to pay New Year's greetings to Lin Baicheng.Although Wei Li and others don't celebrate the Chinese New Year, they have been in Xiangjiang for many years and they know that the Chinese New Year is these days. Now their big boss is replaced by Lin Baicheng. For so many years.

Although he was very busy, Lin Baicheng still warmly entertained the visiting management and found time to chat with them.Fortunately, it was the management who came to visit, and the number was limited, otherwise Lin Baicheng would really not be able to entertain them.

February 2th, the seventh day of the lunar month, happened to be Monday, and most companies in Xiangjiang went to work on this day.

The companies under Lin Baicheng's name also started to work officially on this day.

On the first day of work, Lin Baicheng went to HSBC to look for Shen Congee.

Lin Baicheng is not a small person now, he only contacted Shen Congee before he went, and Shen Congee said he had time.

The two met in Shen Cong's office, and they chatted for a few words before getting to the point. Lin Baicheng revealed the purpose of coming to HSBC this time.

"Shen Dapan, that's it. I want to invest in gold futures, and I want to use financing leverage. HSBC should have this business, right?"

For Lin Baicheng, all his investments in the past few years have been investing in gold futures. Only after the price of gold reached its peak and collapsed in 80s would he invest the funds in other investments.With such an investment direction that can be sure to make money, why would he choose to invest in other things?

"There is no gold futures trading here in Xiangjiang, but London does, and HSBC also has this business. How much money is Lin Sheng planning to use for futures trading? How much leverage is he going to use?"

For this kind of door-to-door business, Shen Porridge certainly welcomes it. He couldn't help but think that the last time he sold the shares of Hutchison Whampoa to Lin Baicheng, he really did not make a mistake. Otherwise, HSBC would definitely not be able to get the business this time. Lin Baicheng did not have any cooperation.

"I am going to use 1.5 million US dollars as the principal to trade gold futures, using five times the leverage."

The money that Lin Baicheng himself can use is 2 million US dollars. After Hutchison Whampoa borrowed 5 million Hong Kong dollars from HSBC, plus the funds recovered from the sale of short-term investments, he can use 1.5 million US dollars to invest, so Lin Baicheng can invest in gold futures in total Funding is $3.5 million.

Lin Baicheng channeled all of Hutchison Whampoa's US$1.5 million investment through HSBC. After all, HSBC is the largest bank in Hong Kong. Now that he does not have his own bank, Lin Baicheng is of course willing to cooperate with HSBC.

The reason why he only used 1.5 million U.S. dollars to invest through HSBC's channels is because Lin Baicheng still needs to take care of Standard Chartered Bank and Mitsubishi Bank, and to get closer to these two banks.What's more, all the funds are invested through one bank, which is not suitable from the perspective of risk and safety. It is divided into three banks for investment, which can share the risk.

"so much?!"

Shen Congee couldn't help being surprised when he heard the words. Although he handled a lot of funds, a one-off US$1.5 million was no small amount. Converted into Hong Kong dollars, it would be more than 6 million Hong Kong dollars. times leverage, which means that Lin Baicheng will use more than 6 million US dollars to trade gold futures.

"Lin Sheng, this amount of money is not a small amount. Are you sure you want to use this much money to trade gold futures? The futures market is changing, and no one can predict it. If you trade with five times the leverage, a loss of one point is equivalent to Yu lost 5% of the principal, which is 750 million U.S. dollars, which is more than 3000 million Hong Kong dollars."

Shen Congee tried to persuade him that since Lin Baicheng had the sincerity to cooperate with HSBC and take care of HSBC's business, he certainly wanted to cooperate with Lin Baicheng for a long time, and he didn't want Lin Baicheng's assets to shrink severely.

"Thank you, Taiban Shen, for reminding me, I know it well."

Lin Baicheng nodded with a smile. Of course, he would not change his mind about this kind of investment that is sure to make money.

"Lin Sheng, as long as you know what's in your mind."

After Shen Congee heard the words, he didn't want to persuade him any more. He had nothing to do with whether Lin Baicheng listened to him or not. After all, the money belonged to Lin Baicheng, and he couldn't make decisions for Lin Baicheng.

"There is no problem with the five times leverage. Lin Sheng takes care of HSBC's business. HSBC will give a certain discount on the interest of financing leverage."

"Then I am here to thank Taiban Shen."

Lin Baicheng thanked him, and then said: "I plan to use this leveraged financing for one year, so HSBC will give me a lower interest rate. Specifically, I will ask Wei Li to send someone to HSBC to talk about it. What do you think, Dapan Shen? "

"So long? No problem!"

Shen Congee was a little surprised when he heard the words. Lin Baicheng co-authored the futures market as a long-term investment. Does Lin Baicheng understand the trading rules of the futures market?Generally speaking, the futures market is mainly for short-term transactions, and there are also long-term transactions, but leverage will never be used, because interest is a big expense.

After leaving HSBC, Lin Baicheng went to Standard Chartered Bank again, had an interview with Huo Yaohua, the head of Standard Chartered, and negotiated a leveraged financing of million US dollars, using the same five times leverage.

Afterwards, Lin Baicheng returned to Hutchison Whampoa and informed Wei Li of his investment plan.After hearing this, Wei Li objected very much, because in his opinion, it is too risky to invest funds in the futures market, especially Lin Baicheng also used five times the leverage, which increased the risk.

The principal is 1.5 million U.S. dollars. If Hutchison Whampoa loses all the money, then Hutchison Whampoa is basically over and it will be difficult to turn around.Even if it is only a part of the loss, it will be a heavy pressure on Hutchison Whampoa. After all, Hutchison Whampoa itself owes more than one billion Hong Kong dollars in debt.

It's a pity that Wei Li's objection was useless at all. Lin Baicheng's attitude was firm, and Wei Li had to send someone to HSBC to discuss financing interest.

Standard Chartered Bank used Lin Baicheng's own funds, so he asked Anyuan to bring someone to talk.

Because it was only about interest, it was settled on the same day, five times leverage financing, financing time of one year, annual interest rate of 9%, the same as the bank's external small loan interest rate.

HSBC and Standard Chartered gave Lin Baicheng a loan with an interest rate of only 8%. This is because Lin Baicheng has a lot of loan funds and the loan is for three years, so the two banks gave him a little discount.

Not only for Lin Baicheng, but for any large loan, the bank has the same attitude.

　(Thanks to 'Old Yijimo' for the 3000-point reward and support!)

　　
　
(End of this chapter)