Rebirth: The Era of Hong Kong Tycoon

Chapter 150 [Gold]

Galaxy Securities moved into a property owned by Evergrande Real Estate, and the office building has more than doubled in size. After a month of rectification, it is now much larger than the original Yip's Securities.

In order for Galaxy Securities to grow gradually, Lin Rongheng made a special trip to Citicorp Bank and used a credit loan to borrow 100 million US dollars (500 million Hong Kong dollars) in his own name for the operation and stock speculation of Galaxy Securities.

At this time, Lin Rongheng personally owed Citigroup Bank US$2100 million, of which US$1000 million was used for Evergrande Holding Group, US$1000 million was used for stock investment (with leverage), and US$100 million was used for the operation and stock of Galaxy Securities. invest.

Of course, this amount of money is nothing at all, drizzle!
Lin Rongheng didn't take it seriously. Although Lin Rongheng has no cash flow at all, his face is cash flow, and he can use credit loans from any bank he goes for.

Calling Ye Tianhe, general manager of Galaxy Securities, Lin Rongheng said: "I will inject 500 million Hong Kong dollars in capital for the stock speculation of Galaxy Securities; and, you need to buy another brokerage license from the Gold and Silver Society."

Ye Tianhe immediately felt that he was being reused, because he knew that Lin Rongheng himself could speculate in stocks, and the injection of several million Hong Kong dollars is just a test for himself.

In addition to helping people buy stocks and collecting commissions, securities companies will also use their own funds to speculate in stocks; not only that, they can also attract members, set up funds, and help clients speculate in stocks to collect more commissions.

To set up a fund, one must have sufficient reputation, which is not enough for Galaxy Securities; of course, if Lin Rongheng is allowed to advertise himself, he will definitely be able to attract many members and funds.

However, Lin Rongheng will definitely not do this kind of thing. If his career is affected because of too much money, wouldn't the gain outweigh the loss.

Therefore, Lin Rongheng himself will not participate in the business of Galaxy Securities, and he will not help others to speculate in stocks for a small commission.

Ye Tianhe said carefully: "Does the boss have any opinions on the company's stock investment?"

Lin Rongheng waved his hand and said, "This money is used to train the company's team. My stock investment has already been ambushed in May and June."

Ye Tianhe's heart suddenly fluctuated. The boss is indeed a master. Since he said that it was an ambush in May and June, it means that the correction did not enter the market in the first few months, and the subsequent increase is very large.

"The boss is doing long-term?"

"What I do is value investing. If I am satisfied with the profit, I will close the position!"

Although Ye Tianhe was very curious about the boss's investment, he knew it was not appropriate to ask, so he stopped there.

As for how Ye Tianhe planned to operate the 500 million Hong Kong dollars, Lin Rongheng did not interfere. Anyway, from now until March 1973, no matter how you buy it, you will not lose money; what's more, Ye Tianhe is still a capable person, but died of rash advancement .

In addition to stock trading with its own funds, the next step is the brokerage business. Ye Tianhe has dozens of stock trading clients, and naturally transferred to Galaxy Securities Company; after all, the brokerage license belongs to Galaxy Securities Company.

Regarding the brokerage business, Lin Rongheng said: "The company implements a commission system. Salesmen attract commissions to open accounts, brokerage commissions have commissions, and each team also has commissions, so as to increase everyone's enthusiasm. Regarding these, you recently sorted out the plan. Submit it to me, and I'll make sure in the end!"

Ye Tianhe immediately said: "Yes, boss! This plan is really good. If the business improves, we can continue to purchase brokerage licenses."

After some exchanges, Lin Rongheng left Galaxy Securities. After all, this company is still in its infancy and does not need to spend too much energy.

After Lin Rongheng left, Ye Tianhe pondered. He always believed that Xiangjiang's stock market would have a big market. From the analysis of the boss's words just now, it was the same.

Regarding the boss's ability to speculate in stocks, although Ye Tianhe has not seen it before, he has heard of some deeds, so it is very worth learning.

"Although I have been reduced to a part-time job, I can still create my own wealth! I have a salary of more than 3000 Hong Kong dollars a month, no matter how poor I am, I can't go anywhere. Since the boss is also optimistic about the stock market, it means that there must be another wave in the Hong Kong stock market. A big increase. In this case, I can sell a set of properties and some gold and silver jewelry, and I can make up 20 Hong Kong dollars, and I can definitely double or triple within a year or two."

As soon as Ye Tianhe's eyes lit up, he decided to act. After Ye Tianhe became rich, he bought two high-end houses, one for his parents and one for himself and his wife and children.

Now, although he receives a high salary every month, he is still not satisfied with this wealth, so he plans to collect enough 20 Hong Kong dollars before entering the stock market for a try.

"Let our parents live with us, and when we earn money later, we can just buy them another set!"

"I will follow this young boss in the future, and the salary will only get higher and higher, and the future will get bigger and bigger! It's just a house, and I will buy it back later."

In fact, Ye Tianhe saw confidence in Lin Rongheng's eyes, so he decided to sell his own apartment and enter the stock market.

In early August, spot gold fell slightly from $8 per ounce in July to $7 per ounce.

Lin Rongheng knew that Evergrande Real Estate could do it. According to history, it could rise to 68 US dollars in July next year, which is close to [-]% of the profit.

As for why not use personal funds to buy, there are actually two reasons:
First, Lin Rongheng has no money. Although he can use Evergrande stock as collateral, it is not necessary.

Second, this wave of market prices has only increased by 65%, which is a bit pessimistic; gold will fall below [-] Hong Kong dollars in the second half of next year, and it will last for more than half a year. That is the time for Lin Rongheng to buy gold aggressively.

Call the Three Musketeers to his office.

Lin Rongheng said: "I plan to seek a half-year short-term loan from the bank, the amount is 5000 million Hong Kong dollars."

The three were taken aback, and Zhang Ruohuai quickly said, "The company's net profit this year is expected to be only 3000 million Hong Kong dollars. After the loan expires, we will either use the loan to support the loan, or issue new shares!"

Lin Rongheng nodded. In fact, this year's net profit should be more than 3500 million Hong Kong dollars, but these people will not consider the property appreciation in the next few months. After all, this is an uncertain factor.

"Then use the loan to support the loan!"

He Rui asked curiously, "What project does the boss plan to invest in?"

In the past six months, Evergrande Real Estate has neither issued new shares nor borrowed heavily. It is just that loans for some projects cannot be avoided. Up to about 7 million Hong Kong dollars (including land appreciation), the loan has also increased slightly, at 2.8 million Hong Kong dollars; but the loan rate has dropped from a peak of 4% to [-]%.

Lin Rongheng said: "Investing in spot gold is Evergrande's first non-real estate business and the first step in diversification."

The three of them had been with Lin Rongheng for so long, so they naturally knew that the boss had just found a reason, but since the boss had already made plans, the three naturally had no reason to object.

Because the soul of Evergrande Real Estate is the boss, even if the boss is not a major shareholder, the management of the whole company will only obey the boss; after all, it is the boss who created this legend, and everyone naturally only obeys the orders of the boss.

Therefore, although Evergrande Real Estate has a board of directors, it is actually just a display. Even the directors understand this truth and never disagree with the boss.

Next, Lin Rongheng arranged for He Rui to be in charge of this matter, and went to the gold merchants in Xiangjiang to negotiate first; and he planned to go to HSBC for a loan, and I believe HSBC would not refuse, even if it needed to mortgage the stock, it didn't matter. Can be untied.

Hong Kong’s gold speculation has a long history. Even after World War II, the Hong Kong government controlled the import and export of gold for a period of time, but from 1947 to 1949, Hong Kong’s gold speculation was still hot, mainly because mainland businessmen brought a large amount of gold to Hong Kong, and Re-import trade from Macau.

Many gold shops, jewelry stores, and gold merchants in Xiangjiang are engaged in the speculative gold business. Even if it is spot gold, there is no need to move it home; as long as these merchants issue a certificate, they can trade. This is called paper gold trading.

As for whether these merchants will buy gold and put it in their hands after receiving the money, that is their business, and the loss is also their business.

Some gold shops, jewelers, and gold merchants just want to earn a commission; but there are also greedy merchants who gamble with their customers, and don’t buy gold immediately with the customer’s money. If the price of gold drops, they will buy it again, so that they can earn The price difference; or don't buy directly, and directly carry out delivery.

In his previous life in 1982, Xie Liyuan Gold Shop died on paper gold:

Xie Liyuan Gold Shop was founded in the sixth year of Tongzhi in the Qing Dynasty (1867). In the 70s, the price of gold rose sharply. Xie Liyuan Gold Shop launched the "Thousand Foot Gold Accumulation Plan": citizens can open gold accounts and buy and sell gold according to the gold price of the day.After it was launched, it was very popular among Hong Kong citizens. Industry insiders estimated that Xie Liyuan Gold Store took this opportunity to absorb more than 2000 million yuan of funds.

However, the paper gold launched by Xie Liyuan Gold Shop did not buy and sell gold in the market according to the needs of customers, nor did it have a large amount of gold reserves. In August 1982, the international gold price rose sharply, nearly 8 yuan per tael.Xie Liyuan Gold Shop was forced to cover its positions in the market, resulting in poor capital turnover, and had to close down on September 1500.

(End of this chapter)