1982 Started from Hong Kong

Chapter 267 Gambler
As early as the beginning of the Hong Kong port in the 19th century, the Hong Kong stock market began to take shape.

Later, the Stock Economics Association and the Economic Association merged to form the Hong Kong Stock Exchange, which is now the famous Hong Kong Stock Exchange, commonly known as the Hong Kong Association.

During the economic take-off in the 1960s, three major exchanges were established in Hong Kong: the Far East Club, the Gold and Silver Club, and the Landlords Club.

Together with the so-called Hong Kong Club of the Hong Kong Stock Exchange, they become the four major clubs.

There are four exchanges in one city, which is rare in the world.

Every year, all the staff of the China Banking Regulatory Commission must be mobilized for supervision. Therefore, with the promotion of the Hong Kong government, the four major exchanges have begun to merge in recent years, allowing cross-exchange trading and changing their name to the Hong Kong Stock Exchange Union, from the Hong Kong Stock Exchange to the Hong Kong Stock Exchange, ushering in a new era for the Hong Kong stock market.

The person Zhai Yuan had an appointment to meet today was a stockbroker from the Hong Kong Stock Exchange.

At the downstairs of Kang Le Building, I saw Shen Wei who had just come from the Ngau Tau Kok Theater.

Zhai Yuan walked up to him and patted him: "Have you been waiting for a long time?"

Shen Wei smiled and said, "No! I know you are very busy, so I watched God of Gamblers 2 at the Ngau Tau Kok Cinema before leaving."

Zhai Yuan shrugged helplessly: "The little girl is too clingy, hurry up and finish your work, there is a movie to watch tonight."

With biweekly appointments during the day and having to deal with Ye Yuqing at night, Zhai Yuan felt that 24 hours in a day were not enough.

Shen Wei teased, "What a great boss!" Then the two of them walked into the building arm in arm and headed straight for the office floor of the Hong Kong Stock Exchange.

In the elevator.

Shen Wei introduced to Zhai Yuan the stock broker he was going to meet.

He said, "The broker I arranged for you this time is named Du, Du Jiancheng, also known by his nickname Shark Dancheng. He is well-known for his boldness in this industry. Clients pay him to provide investment guidance. He specifically buys some niche stocks with green lights, and he has also made a name for himself in the Hong Kong Stock Exchange."

Zhai Yuan asked curiously: "Has this kind of person not jumped off the building yet?"

Shen Wei said: "So this guy has good luck. He can win at least five out of ten times when buying niche stocks. In 80, when Wharf Holdings was competing for supremacy, the chartering king suddenly left Hong Kong. Everyone thought that the foreigner's Hong Kong Land Group would win and bought stocks. He did the opposite. Sure enough, the chartering king returned to Hong Kong soon after and declared war on Hong Kong Land. He used 22 billion in cash to defeat Hong Kong Land directly. In 82, the British defeated Argentina, morale soared, and the Hang Seng Index soared. He opened a position and shorted the Hang Seng Index. As a result, the Iron Lady went to Beijing in September and got a cold shoulder. The Hang Seng Index really plummeted..."

Shen Wei briefly recounted several of Du Jiancheng's glorious deeds.

Zhai Yuan frowned slightly after hearing this. Isn't this just a pure gambler?

In a separate office at the Stock Exchange.

Zhai Yuan met the Shark-Courage Man that Shen Wei mentioned.

"Manager Du, this is my boss, Zhai Yuan."

Shen Wei acted as a bridge between the two parties. Zhai Yuan and Du Jiancheng nodded and greeted each other, then looked at the unkempt middle-aged man in front of them. He was about forty years old and in the same mental state as Shen Wei at the beginning. His hair was a mess, his shirt was stained with stains of indeterminate color, and he was biting on a cigarette with a mouthful of yellow teeth. If he were not sitting in the luxuriously decorated independent office of the Hong Kong Stock Exchange, Shadancheng's appearance would be no different from an unemployed vagrant on the street outside.

"Please make do with him, Boss. He is the cheapest agent among all the well-known agents."

While Du Jiancheng was making tea for them, Shen Wei took the time to say something to Zhai Yuan.

At that time, the commission system for Hong Kong stock brokers was not clear yet. The minimum commission was set at 0.25%, but basically, the commissions of some famous brokers were all above 1%.

This is different from the situation in later generations when stock brokers launched the slogan "No commission for life" during internal competition.

At that time, the stock market had no central clearing system and no computer-operated registration, let alone real-time buying and selling with just a mobile phone.

Each stock needs to be physically registered. If the client lives in Yuen Long, the broker needs to run from the Central Exchange to the countryside of Yuen Long to take out the registration form and show it to the client in person every time he makes a transaction.

In this case, stockbrokers' commissions will naturally rise.

Simply put, a broker is a bridge between buyers and sellers. The boss decides which position to open, and the broker is responsible for executing the transaction and occasionally providing some investment advice.

Without a broker, you have to keep an eye on the market yourself, just like those gamblers who live on the exchange.

Zhai Yuan doesn't have so much free time.

Du Jiancheng’s commission was indeed cheap, only twice the minimum commission, about 0.5%.

"Mr. Zhai is young and promising. I saw on the news that you are bankrupt. If you think about it, you will know that it is impossible!"

Handing two cups of tea to Shen Wei and Zhai Yuan, Du Jiancheng bared his yellow teeth and smiled at Zhai Yuan, "But I didn't expect Mr. Zhai is also a high roller at the gambling table. He mortgaged his company to make a fortune in the stock market. He has courage!"

Du Jiancheng fiddled with the pile of handwritten notebooks on the table and continued, "Lawyer Shen should have told you about my commission price? In fact, like Mr. Zhai, I also like gambling, but gambling boats are too low-class. Coming to the financial market, clients provide chips for free. If you win, you will not only have fun but also get money. Where can you find such a perfect job?"

Zhai Yuan smiled and asked, "What if you lose?"

"I'm willing to admit defeat." Du Jiancheng laughed, "I earned 200 million in commissions last year, but I made mistakes in a few deals and lost 180 million to my clients. It's normal to win or lose at the gambling table. The key is to have faith. This year, even a big moneymaker like you, Mr. Zhai, came to me. Maybe next year, Li Jiacheng will come to invite me personally."

Zhai Yuan smiled noncommittally: "Do you have any good stock recommendations?"

Du Jiancheng's eyes lit up when he heard that, and he immediately said, "Of course it's the blue chip Hang Seng! After the 97 deal was reached, the Hang Seng Index was cut in half by 44%, but this year the merger of the four major exchanges will definitely push up the stock index. It may not be a big profit, but it will definitely be stable. I have many clients following up."

Zhai Yuan looked back at Shen Wei beside him and asked, "Does Zheng Shaoqiu have any new TV series coming out recently?"

Shen Wei was stunned for a moment, then thought for a moment and replied, "The news said that he just got married to Shen Dianxia at the beginning of the year. They should be on their honeymoon recently and have not filmed any new series."

Zhai Yuan said "oh" and looked at Du Jiancheng again: "Then I won't buy it."

Of course, to buy Hang Seng, you have to wait for Ding Hai, the weather vane, to appear. This is just like you have to stir-fry pickled cabbage with beef, it's a law!
Otherwise, what’s the difference between this and a blind man touching an elephant?
Zhai Yuan went on to say, "I have recently expanded some film business in Japan, so I am interested in Japanese yen and plan to invest in some foreign currencies for fun."

Du Jiancheng suddenly became excited again: "Great minds think alike!"

Zhai Yuan looked at him in surprise: "Manager Du also knows about foreign currencies?"

Du Jiancheng nodded and said, "I have observed the international situation for a long time. This kind of inside information has always been disclosed only to core customers. Since Mr. Zhai has similar views, just give me your money and I will make you double your money in minutes!"

Zhai Yuan felt deeply moved that there are many experts among the people. This brave brother Cheng Cheng can actually see the way just by analyzing the situation.

He asked curiously, "What are you going to do?" Du Jiancheng looked proud, "Short the Japanese yen!"

Zhai Yuan's smile suddenly froze on his face.

Du Jiancheng continued to analyze, "Looking at the current economy of Japan, it is definitely an unhealthy development. I have done a survey and found that the current real estate and housing prices are equivalent to 40 times the annual household income. The exchange rate of the Japanese yen against the US dollar has risen from 1970 yuan in 360 to 240 yuan now. It can be said that it has reached its peak. The excess currency has even caused companies to call for 'de-banking'. Once this money flows into the stock market, it will not take too long for it to grow bigger like a balloon. When the Japanese central bank takes corresponding measures, this balloon will be punctured, and then the yen will definitely plummet."

Zhai Yuan scratched his head and said nothing.

Judging from his analysis alone, what he said seems to be true. From the 1960s and 1970s to the present, Japan's GDP has been soaring, which is exaggerated and scary.

But Du Jiancheng obviously underestimated the total economic volume that a country in the East and a city in Hong Kong could absorb.

What's more, once the Plaza Accord was signed in the United States, Japan's excess currency grew like fuel to the fire.

If Du Jiancheng plays this hand again in five years, he will definitely win. It is too early to bet on the bursting of the Toyo Bubble now.

Zhai Yuan was silent for a moment, watching him take out a piece of data chart from the drawer and place it in front of him. Most of them were the average household asset status of Dongyang in the past ten years, the optimistic and pessimistic business climate index, the proportion of trust investment and currency deposits, etc.

The data is very detailed, and it can be seen that a lot of effort was put into it.

Zhai Yuan asked curiously, "Did anyone listen to your advice?"

Du Jiancheng shrugged and said, "It's half and half. Actually, before you, Mrs. Li Xiaohe also asked someone to find me, but she chose to go long on the yen, which was clearly throwing money into the pool. But there were also a few bosses who listened to my advice and shorted the yen. These people will definitely make a fortune this year!"

Zhai Yuan seemed to see the scene of Du Jiancheng being chased and killed this year.

He sighed silently and said, "In fact, my investment direction is the same as Mrs. Li Xiaohe's."

Du Jiancheng frowned and looked at him: "Mr. Zhai, you don't understand all my analysis? You took out a loan to enter the market this time. Even if you don't touch the Japanese yen, you can still make money by buying Hang Seng. Don't act on impulse! Or I can recommend a few more high-quality stocks to you?"

Zhai Yuan heard his persuasive tone and thought that this guy was not bad, but it was a pity that he was too addicted to gambling and chose the wrong path.

The best outcome for this kind of broker is to lose everything he has to pay for his clients' losses, and the worst outcome is to jump off a building, either voluntarily or involuntarily.

"I brought hundreds of millions of Hong Kong dollars with me this time. I will put one million in to open a position and use five times leverage to go long on the Japanese yen."

Zhai Yuan didn't waste any more time talking to him and said directly: "If someone tries to close my position, I will continue to place bets. If no one does, I will also increase my position. This process will continue until the end of the year. During this period, you need to communicate with my people every day without interruption. Can you do it?"

"Yes, we can do it! If someone bets on the banker, someone else will bet on the player!"

Du Jiancheng saw that persuasion was useless and immediately returned to his normal work: "That's futures! There are not many people in Hong Kong who dare to play such a long-term game with a five-fold leverage. I wish Mr. Zhai good fortune in advance~"

Zhai Yuan said with regret: "If the asset evaluation had not failed, I would have wanted to increase the leverage tenfold."

Leverage is also a common model in the trading market, with high risk and high returns. Zhai Yuan can control a position of 5 million by investing one million. Whether he loses or wins, the result will be magnified exponentially.

The leverage in the futures market in later generations has soared to an exaggerated level of 500 times, but at that time, the supervision in this regard in Hong Kong was still very strict. Ten times leverage was already the maximum, and a 7.5% margin had to be paid before being eligible to enter the market. Therefore, more people usually choose five times leverage, which is still different from the market in our impression.

Theoretically speaking, leverage is only suitable for short-term trading, and no one would want to use long-term leverage like Zhai Yuan does.

But Zhai Yuan has absolute confidence in the United States, and the appreciation of the yen is a foregone conclusion once the Plaza Accord is signed.

However, we also have to consider the risk of liquidation during this period. Throwing all our assets into it at once is tantamount to suicide. It is better to build a warehouse of 100 million and play the long-term game slowly. As for the rise and fall of the Japanese side, let the Eagle Sauce take care of it.

One-stop service for account opening and position building.

With Du Jiancheng's help, Zhai Yuan soon got his first futures registration book in his life, which was printed with the logos of the four major banks.

"Once computer systems are widely used in exchanges, these handwritten notes will soon be thrown into the trash."

Flipping through the blank registration book in his hand, Zhai Yuan looked at the group of salesmen in the exchange hall who were writing and drawing with pens and papers, and an idea came to his mind: "Now that we have received overseas computer orders, selling them in Hong Kong is also a way to make money."

It’s just that my business is gradually becoming complete, and I can integrate a chain soon, so I can only think about this time-consuming and labor-intensive task.

Du Jiancheng escorted the two out of the exchange. He looked at the pickup truck that drove away and sighed, "Young people are young people after all..."

…………

“I hope to see Manager Du again next year.”

Zhai Yuan muttered to himself while sitting in the car, and reminded Shen Wei beside him: "Remember to find two financial officers to reconcile with him every day. I'm afraid this guy will pretend to obey but actually disobey."

Shen Wei nodded and said he understood: "Mr. Zhai is optimistic about the Japanese market?"

Zhai Yuan hummed: "If you like it, buy a few and try it out, but don't play the long game like me."

There is nothing to hide about this matter. Judging from the current economic trend in Japan, investment in the Japanese yen is still very stable. Du Jiancheng's vision is too far-sighted. He noticed the bubble in the Japanese market in advance, but he misjudged the timing.

Shen Wei shook his head and smiled: "I have quit gambling for a long time."

After saying that, he added, as if to remind Zhai Yuan, "No one can win in gambling for a long time."

Zhai Yuan smiled and said, "I am a gambling saint!"

The figure that appears behind the curtain at the end of the easter egg in "God of Gamblers 2" is not someone else, but Zhai Yuan's friendly guest appearance, and the voice-over was done by someone else.

And that man is still playing supporting roles in TVB.

The gambling film universe has come to a temporary end this year, and Wang Jin can take a break after finishing filming the third-level film starring Xia Wenxi in May.

The sequel to the movie timeline, "God of Gamblers", has no release date this year for the time being, and audiences will be tired of the continuous release of gambling movies.

Zhai Yuan sat in the car, thinking about his next itinerary.

"It's about time to go to the mainland. After I finish filming Mr. Vampire and Once Upon a Time in China, the factory will be built..."

(End of this chapter)