Reborn as a Hong Kong Tycoon

Chapter 532 Smooth Shipment, Profit (Two in One)

Mitsubishi Bank, Investment Department.

"There was movement in the account code-named X, and it began to sell the long orders it held."

The funds for the long orders of gold futures of Bailong Commercial Association are financed by Mitsubishi Bank, so the bank will supervise the account. Once the funds in the account reach the loss line, they will immediately close the position to prevent the bank itself from causing joint losses. .

Therefore, when Bailong Commercial Club's account began to close out long orders, the staff in charge of supervision at Mitsubishi Bank immediately discovered the abnormality and reported it to his superior section chief.

After the section chief learned about this incident, he not only reported it to his superior, the deputy chief, but also reported it to the people of Mineryu Iwasaki.Mineryu Iwasaki also drew attention to the operation of funds in this account, and finally this task fell to the head of the section.

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.

How Mitsubishi Bank will operate is naturally judged by professionals, but after Iwasaki Mineryu learned about this from the report of his subordinates, he immediately ordered people to start shipping and liquidated the long gold futures orders in his hand.

Now that the price of gold has broken through 400 US dollars per ounce, the long orders held by Iwasaki Mineryu have increased greatly, 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 about this matter immediately, otherwise he would have told Lin Baicheng 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 letting gold futures in several places be liquidated, Lin Baicheng also contacted Qin Lan from Xiangjiang, and asked Qin Lan to implement the plan code-named H.

The so-called plan code-named H was agreed by Lin Baicheng and Qin Lan early in the morning. The main purpose of the plan is to let Yum Securities spend as much money as possible to buy Hutchison Whampoa 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. At present, Galaxy Bank and Yum Securities are handing over, and the financial group will be established soon.

On the 21st, Friday, the last trading day of this week.

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

"It looks like the price of gold will go up."

Seeing that the price of gold was still rising, Lin Baicheng couldn't help thinking after closing the long position.

Not long after, Lin Baicheng made a decision, which was to ask Vivien Kelly to be responsible for selling more gold futures that he was not going to sell.Don't smash the market, sell slowly, as much as you can sell when the gold price is rising.

The reason why the long position in gold futures was closed was because Lin Baicheng had other ideas.

After that, Lin Baicheng contacted all parties to calculate the harvest of the long orders that have been sold so far.

The first is the capital of Yum Fund. The total capital of all operations is 15.3 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 is naturally early and late.

Among them, 7.8 US dollars per ounce of 201.1 million Hong Kong dollars, the average selling price of Yum Fund this time was 403.6 US dollars per ounce, an increase of 100.7%, and a profit of 7.85 million Hong Kong dollars, but the interest on leverage, operating fees and tax deduction.Among them, the operating fee is not much, it can only be counted as a fraction, and the bulk is leverage interest and tax.

Of the 7.8 million Hong Kong dollars in operating funds, 5300 million Hong Kong dollars are needed for the interest alone. The main reason is that the leverage has been used for too long, as long as nearly a year.After deducting more than 7000 million Hong Kong dollars in taxes, only 6.6 million Hong Kong dollars will be left, which is the final profit of Yum Fund.

Yum Fund still has 7.5 million Hong Kong dollars in long orders. The cost of buying is 206.4 US dollars per ounce, and the average selling price is also 403.6 US dollars per ounce, an increase of 95.54%. The profit is 7.16 million Hong Kong dollars. More than 6000 million Hong Kong dollars is required, and the remaining profit is only 6000 million Hong Kong dollars.

In other words, Yum Fund's final profit from this wave of gold futures is 12.55 billion Hong Kong dollars.And this does not include its own principal of 1.53 million Hong Kong dollars. If these are included, there will be 14.08 billion Hong Kong dollars left in Yum Fund's account.

Of course, the funds in the current Yum Fund account are naturally more than 14.08 billion Hong Kong dollars, and the funds in the account will only be more, because the interest and taxes of the bank have not been paid, and the money is still in the account, but it is calculated It's time to deduct the money.

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

Lin Baicheng himself did not invest a penny, the money belonged to the client, but in the contract he signed with the client, once he created more than 100% of the profit for the client, then he could get 50% of the profit as his remuneration.

The principal in the Yum Fund account that really belongs to the client is only 9300 million Hong Kong dollars. Now the funds in the account have become 14.08 billion Hong Kong dollars, which means that Lin Baicheng has created a profit of 13.15 billion Hong Kong dollars, and he can share 6.575 million Hong Kong dollars.

Lin Baicheng earned a profit of 6.5 million Hong Kong dollars without paying a penny.But those customers did not lose money, and it can even be said that they made a fortune, because their principal of 9300 million Hong Kong dollars became 7.505 million Hong Kong dollars, and the principal more than eight times.

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

Then there is the 5 million US dollars of operating funds from Bailong Commercial Club. Here, it is also divided into two operations, and the time and interest of leverage use are also different, so they have to be calculated separately.

For the USD 2 million operation fund, the purchase cost price is USD 200.25 per ounce, the average selling price is USD 407.8 per ounce, an increase of 103.65%, and the profit is USD 2.073 million. The 11-month annual interest rate is 9%, and the interest is 1710. million, $1900 million in taxes, and only $1.71 million in profits left in the end.

For the $3 million long order, the average buying price was $203.55 per ounce, and the average selling price was also $407.8 per ounce, an increase of 100.34%, with a profit of $3.01 million and an annual interest rate of 10% for 8.9 months. $2200 million in interest, $2800 million in taxes, and only $2.51 million in profit.

The two waves add up to a profit of 4.22 million US dollars, less than 100% of the profit, mainly due to the deduction of a lot of interest and taxes.

Bailong Commercial Association has 1.065 million US dollars in the account of Mitsubishi Bank, and a total of 5.285 million US dollars belongs to Bailong Commercial Association. The rest of the funds will be deducted for interest and used to pay taxes.

Of the US$5.285 million in funds of the Bailong Commercial Association, only US$1000 million of the principal actually belonged to the Bailong Commercial Association, and the remaining US$5.185 million was all profit.

Finally, there is the big-headed Hutchison Whampoa’s US$20 billion operating capital. It started to build positions in February. Although it used leverage in multiple banks in multiple countries to do long gold futures, the average purchase price of the total funds It is 247.6 US dollars per ounce, and the average selling price is 405.39 US dollars per ounce.

An increase of about 63.73%, a profit of 12.75 billion US dollars.

In terms of interest, the interest varies 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 the funds, so it is necessary to calculate the leverage interest for eight months, which is 6.825% interest, and the interest of 20 billion US dollars is 1.365 million US dollars.

After deducting the handling fee, the profit is only 11.38 billion US dollars.

Different from Yum Fund and Bailong Commercial Club’s operating funds, Golden Fleece operates these funds through registered offshore companies, so the tax is not so high. It only needs to pay 4500 million U.S. dollars in taxes. Specifically Professional tax avoidance accountants are required to make accounts, but the up and down fluctuations will not be too large.

At the time of Yum Fund and Bailong Commercial Club, Lin Baicheng did not know how to use offshore companies to avoid taxes, so a lot of taxes would be deducted. This is what professionals are for, and there is a reason for people to get high salaries.

10.93 billion US dollars, this is the profit of the 20 billion US dollars of funds operated by Hutchison Whampoa, but this is not the final profit that Hutchison Whampoa can obtain.

At the beginning, Hutchison Whampoa’s US$2 million principal was entrusted to Wade Investment for operation. This company was an offshore company affiliated to the offshore company of the Golden Fleece Company. At that time, the entrustment fee was only a symbolic US$1. % profit commission.

That is to say, among the US$10.93 billion profit, US$1.093 million is the management fee of Wade Investment, which is equivalent to Lin Baicheng's. Lin Baicheng only needs to give a little to Vivien Kelly and others as bonuses. Everything is his.

9.837 million U.S. dollars, this is the profit that Hutchison Whampoa can get. Adding its own 2 million U.S. dollars in principal, the 11.837 billion U.S. dollars in the account belong to Hutchison Whampoa.

It takes time for settlement and transfer, so the relevant funds are still in 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 investment in oil futures. Now that the price of oil is below $15 a barrel and he decides not to sell it, Lin Baicheng naturally has no need to stay.Whether it is oil futures or gold futures, Haruko Mori 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 the other party that he had closed the gold futures long order, and Lin Baicheng had nothing to do with Phil Smith's operation.

The same is true for Iwasaki Mineryu, and Lin Baicheng also notified him. Although he knew that Iwasaki Mineryu should have known about it long ago, he still pretended not to know and notified Iwasaki Mineryu, and the two of them knew each other.

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

Lin Baicheng knew that the time for the plane to arrive at Xiangjiang was at this point, so he and Guan Zhilin had already fallen asleep. After the plane landed, they did not leave the plane, but spent the night in the plane.

It wasn't until around 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 driven by the bodyguards.

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 to sleep again after returning home.

"Brother, when did you come back?"

When it was almost eight o'clock, Lin Shufang who came down from upstairs saw Lin Baicheng who was watching TV.

"I just came back not long ago."

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

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

"Is that so?"

Lin Baicheng nodded. His parents were going to spend the Mid-Autumn Festival there, but he would not insist on letting them come back.At the same time, Lin Baicheng would not specially go there to celebrate the Mid-Autumn Festival, after all, the traffic is not very convenient, and he is very busy, especially during the recent period.

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

"Probably not."

Lin Baicheng can't guarantee that if a major event happens to the companies in the United States and Japan, let alone the Mid-Autumn Festival, even if it is the Chinese New Year, he will go there to deal with it.

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

Nodding her head, 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 spend the Mid-Autumn Festival in Xiangjiang this year."

Parents are not in Xiangjiang for the Mid-Autumn Festival, so it doesn't matter whether Lin Qin comes back to celebrate the Mid-Autumn Festival.

"That's true."

Lin Shufang didn't object when she heard the words.

Lin Baicheng reminded: "Sister, in the past few days, Hehuang, Yum Fund, and Bailong Chamber of Commerce have received a large amount of money from the society. You must supervise it well, and you must also keep an eye on the bank's interest and tax payment."

"Did you sell those gold futures investments?"

Lin Shufang immediately guessed what was going on when she heard the words. She helped Lin Baicheng manage the finances. Of course she knew what the relevant companies were investing in, otherwise how would she supervise.

Lin Baicheng must trust his sister Lin Shufang, it is impossible for his sister not to trust, but to trust outsiders, right?
"Well, the price of gold has soared recently, and I have closed some of my long orders."

"It's good to even out a little bit, your investment is so big, I'm worried about you to death."

Every time Lin Shufang thinks that Lin Baicheng has so much investment in gold futures, she is full of worries, worrying that Lin Baicheng will suffer huge losses, and she is not relieved until the price of gold rises above 300 US dollars per ounce.

The main reason is that Lin Baicheng asked her not to tell anyone about her financial situation, not even her parents, let alone Cheng Yufeng, and she did it.There is naturally a lot of pressure to bear it alone.

(End of this chapter)