Rebirth: The Era of Hong Kong Tycoon

Chapter 178 [Europe]

Wednesday, April 11.

After a two-day rebound, the market has recovered all of Monday's losses.

Lin Rongheng instructed HSBC Securities and Sun Hung Kai Securities to clear all their stocks within this week.

And Lin Rongheng also started planning a trip to Europe, but before going to London and Zurich, Lin Rongheng naturally needed an introducer; Xiangjiang is the financial center of Asia, and the three major Swiss banks and the British local banks all have offices in Xiangjiang.

Therefore, the best way for Lin Rongheng is to contact the person in charge of their Xiangjiang office first, lest he go to London and Zurich and not receive the respect he deserves.

Those in charge of the offices in Xiangjiang naturally knew about Lin Rongheng, and they also knew that Lin Rongheng was a tycoon in Xiangjiang.

In the end, Lin Rongheng chose Union Bank of Switzerland and Credit Suisse among the three major banks in Switzerland, and planned to let them help him invest 20 billion Hong Kong dollars in gold (of which 10 billion Hong Kong dollars was a loan), and Barclays Bank in London helped him invest 10 billion Hong Kong dollars. Gold in Hong Kong dollars (of which HK$5 million is a loan).

In addition to the 10 billion Hong Kong dollars (loan of 5 million Hong Kong dollars) of gold invested by HSBC in Hong Kong for Lin Rongheng, Lin Rongheng just invested 40 billion Hong Kong dollars in gold.

If the cost price is US$66 per ounce and the cash price is US$188 per ounce, Lin Rongheng will have a cash flow of about 1974 billion Hong Kong dollars by the end of 110, which will be enough for Lin Rongheng to run wild in Xiangjiang.

Although Lin Rongheng put out 20 billion Hong Kong dollars in cash to invest in gold, he still has a cash flow of 4.5 million Hong Kong dollars in his hands, which can be used for personal real estate and stock market bottom-hunting activities.

Lin Rongheng didn't care about the battle between Hongkong Land and Milk, anyway, the result was already doomed, and Hongkong Land won the final victory.

In the next period of time, Lin Rongheng asked Galaxy Securities to help him cash out the shares of Evergrande Real Estate, and at the same time contacted the two Xiangjiang offices of Union Bank of Switzerland and Credit Suisse in Zurich, as well as the Hong Kong office of Barclays Bank in London.

Soon, the headquarters of the three banks strongly invited Lin Rongheng, the God of Wealth, to visit the headquarters and discuss cooperation matters.

Therefore, on the 20th, Lin Rongheng took his personal lawyer, accountant and other team members and boarded the flight to London.

This is the first time that Lin Rongheng has left Hong Kong. Before leaving, he went to a lawyer's office to make a will to prevent accidental release.

Wealthy people will establish a family early on, and of course this family can be changed at any time; Lin Rongheng has his own law firm, and no outsiders know about the family, only a few lawyers.

As for the accidents I am worried about, it is natural to worry about flight safety and unpredictable factors overseas.

It was the first time for Lin Rongheng to go overseas. When he had no son, he never considered leaving Hong Kong.

The investment was huge this time, so Lin Rongheng naturally wanted to go there in person.

London Airport.

As soon as Lin Rongheng and his party got off the plane, they saw the person sent by Barclays holding a sign to take the opportunity.

After some introductions, Michael Kelly, the investment manager of Barclays Bank, said: "We have prepared a hotel for Mr. Lin. Mr. Lin can rest for one night, and then go to Barclays headquarters tomorrow to formally discuss cooperation matters."

Lin Rongheng nodded, he was really annoyed after sitting on the plane for more than ten hours.

"Thank you for your hospitality!"

When he came to the hotel, Lin Rongheng was quite satisfied. He lived in a high-end hotel. After all, he was handing over a business with a profit of hundreds of millions of Hong Kong dollars to Barclays Bank. They didn't have to take any risks. After all, their gold was in their vaults.

Of course, Lin Rongheng's status in Xiangjiang also played a certain role!

After a night of rest, the next day a group of people came to the conference room of Barclays Bank to negotiate matters about investing in gold.

Barclays sent Richard, a vice president in charge of investment business, and Yuri, a manager of banking business, together with several managements, to negotiate together.

First of all, Lin Rongheng negotiated the loan interest rate of 8800 million US dollars. After all, if he followed the normal loan interest rate, he would need to pay 3%, which would undoubtedly greatly reduce his profit.

"The US-funded consortium that I cooperate with only gives me 10% interest! So I hope your bank will consider a discount of 11%. If the cooperation is reached, we will have more business contacts in the future!"

"Mr. Lin, we are willing to lend you a loan at an interest rate of 12%!"

"Manager Yuri, the market value of my property is US$10 billion, and it only takes me three years to build such a business empire. Does your bank think that I am not a worthy long-term partner?"

Even if it is 1%, it is a full interest of tens of millions of Hong Kong dollars, so Lin Rongheng naturally wants to fight for it.

After everyone at Barclays bowed their heads to discuss, Yuri nodded and agreed: "Of course we hope to gain Mr. Lin's friendship and trust, and we will calculate it at 11%."

Then Richard asked: "When will Mr. Lin's funds arrive?"

Lin Rongheng said: "I will pay in batches. It is estimated that by the end of December, I will pay the investment of 12 million Hong Kong dollars in full."

Richard asked again: "Does Mr. Lin have any restrictions on the trading period of spot gold?"

Lin Rongheng shook his head and said: "There is no time limit, but you need to hurry up. After all, since I invest in gold, I must have predicted that gold will rise in the next year!"

Richard smiled confidently: "Don't worry about this, Mr. Lin. The daily trading volume of London Gold is about 40 tons. As long as the funds are in place, we can help you complete the transaction soon!"

Lin Rongheng nodded. The trading volume of London gold and Zurich is still higher than that of the New York market in this era, especially London gold has a history of 300 years.

Of course, in spot gold trading in this era, most investors do not take physical gold, but trade through gold accounts opened by banks; generally banks will carry out physical delivery of gold according to customers' trading needs.

If the bank does not carry out physical delivery of gold, the loss will naturally be conceited!

However, Lin Rongheng specifically explained to Barclays Bank that he needs to rent a vault to store the gold he bought. After the transaction is completed, Lin Rongheng will come to visit his gold.

It's not that he's worried about Barclays' repudiation, but that Lin Rongheng needs to be confident. After all, the investment has lasted for two years and he hasn't seen the real gold, so it's more or less unreliable.

Lawyers and accountants from both parties participated in the negotiation between the two parties, and Lin Rongheng was not worried about any problems.

After Barclays reached an agreement here, Lin Rongheng didn't have time to travel to London, but rushed to Zurich.

Compared with Barclays Bank, Lin Rongheng naturally trusted the two big Swiss banks more, so half of Lin Rongheng's 40 billion Hong Kong dollars gold investment was handed over to Swiss banks.

It is still the same condition, and the Swiss bank agreed much more openly.

Lin Rongheng promised to complete the payment of 1973 billion Hong Kong dollars before January 1; the two Swiss banks also stated that the transaction would be completed before January, and Lin Rongheng was welcome to inspect his treasury at any time.

(End of this chapter)