Reborn in Hong Kong as a Tycoon

Chapter 295 The Great Harvest
After returning to the hotel, Lin Baicheng found time to contact London and Tokyo respectively.

In London and Tokyo, there are fewer funds for long gold futures, so they are sold faster, and they are all sold.

First of all, in London, Lin Baicheng raised US$5 million from Standard Chartered Bank at the end of February with a principal of US$188.5 million to buy long gold futures. The average cost of buying at that time was US$237.18 per ounce. The average price is $[-] per ounce.

The profit this time is not very large, only 1.25 million US dollars are left after deducting the handling fee.However, the 1.25 million US dollars will be deducted from the 8-month financing interest. The annual financing interest is 9%, and the 8-month financing interest is 6.75%, which is 3375 million US dollars.

In this way, the profit that really belongs to Lin Baicheng is 9125 million US dollars, which is less than [-] million.

Lin Baicheng decided to award 125 million US dollars as a bonus to the team, so that his profit was 9000 million US dollars. After the tax to be paid was deducted from these profits, it was the profit that really belonged to Lin Baicheng.

In addition to Lin Baicheng’s private investment in London, there is also Yum Fund’s principal investment of 1800 million Hong Kong dollars. The cost price of buying is 172.8 US dollars per ounce, and the selling cost price is 237.2 US dollars per ounce, an increase of about 37.27%.

Ten times leveraged financing, 1.8 million Hong Kong dollars to do long gold futures, after deducting handling fees, the final profit is nearly 6700 million Hong Kong dollars.

This investment was leveraged financing in May, and a total of 5 months of financing interest will be deducted, which is 675 million Hong Kong dollars, so the final remaining profit is 6000 million Hong Kong dollars.

This is the fund's profit. Lin Baicheng is not going to settle the settlement for the time being. The 1800 million Hong Kong dollars of profit plus principal are still placed in the HSBC account for the time being, so naturally there is no need to deduct taxes.

Then there is the Bank of Mitsubishi in Tokyo.

It was also at the end of February this year, with the same US$2 million principal financing of US$5 million to do long gold futures, the cost price of buying was US$189/oz, and the average selling price this time was US$237.4/oz, about 25.61% increase.

After calculation, the profit is 1.275 million US dollars, and there are also 8 months of financing interest to be deducted. The annual interest of financing is also 9%, and 8 months is 6.75% interest, which is 3375 million US dollars.

Yuan Tianfan's ability is obviously higher than An Yuan's, and the average selling price is higher. In addition, it is the team led by Haruko Mori, so Lin Baicheng decided that the team in Tokyo will get a higher bonus, with a total bonus of 175 million US dollars.

As a result, Lin Baicheng's profit was left at 9200 million US dollars, which was slightly higher than that of Standard Chartered.

Lin Baicheng also plans to take away the profits of Standard Chartered and Mitsubishi, but these profits will also be tax deducted, and the specific amount of tax deductions will also be handled by the following team.As for the principal of US$1 million in each of these two places, Lin Baicheng is not going to take it away for the time being, and put it in these two banks first.

In addition to Lin Baicheng's own private investment in Tokyo, there is also the gold futures investment of Bailong Commercial Club, which he cooperated with Mineryu Iwasaki, which was also sold this time.

佰龙商业会社一开始只用1000万美元做多黄金期货，后来赚了1850万美元, 林佰诚就以2850万美元的本金杠杆融资2亿美元做多黄金期货，买入成本价是164.3美元/盎司。

The average selling price this time was US$237.38 per ounce, an increase of about 44.48%. After deducting the handling fee, the profit was US$8850 million. The timing of the leveraged financing of US$2 million is different, of which US$2 million is at the end of February, and US$4 million is at the end of April. Calculated to the end of October today, the total interest paid is US$10 million.

After deducting the interest paid until the end of October, the original principal of 10 million US dollars of Bailong Commercial Association has become 1000 million US dollars today.The money is still placed in the account of Mitsubishi Bank, and there is no settlement, so naturally there is no need to deduct taxes.

After all the long gold futures were sold, Lin Baicheng did not plan to buy them back for the time being.This is so, of course, for a reason.

First of all, Lin Baicheng will continue to do more gold futures, but he will operate more funds through offshore companies, so that the security and confidentiality are higher. How much money did gold futures earn?

What's more, Lin Baicheng clearly remembers that the international gold price started to rise sharply in 79, and the highest point of gold price in 78 certainly did not exceed the price of 300 US dollars per ounce.Lin Baicheng does not know exactly which price will end at the end of 78.

In this case, Lin Baicheng can wait and see to see if the price of gold will pull back.Of course, it is best to have a pullback, and it’s okay if there is no pullback. At most, the price of gold will rise to a high point of 280 US dollars per ounce, and Lin Baicheng will make some money.

In the case of not shorting, if the price of gold rises, Lin Baicheng will make more money, so that he will not lose money. This is Lin Baicheng's confidence.

Lin Baicheng, who doesn't know how the gold price will go in the next few months, absolutely dare not short gold futures, because he knows very well that the overall international gold price is on the rise.If you go long, even if you buy at a high point for short-term adjustments, you will earn back later.

But if you are short, once the gold price continues to rise without a callback, it will be miserable.Unless you stop the loss and cut the meat in time, you will lose as much as you invest.

For the next two days, Lin Baicheng will stay in New York, waiting for his team to calculate the taxes that need to be paid, and then he can transfer the funds away.

In the past two days, the international gold price has continued to rise, and even broke through the price of 240 US dollars per ounce. It seems that the bulls are quite strong.

It can be said that Lin Baicheng's long gold futures were sold early, and it is impossible not to feel a pity. After all, if the shipment is above 240 US dollars per ounce, Lin Baicheng can earn more.

However, it's all sold, and it doesn't make any sense to feel sorry for it now. Lin Baicheng will definitely not buy it back at this time.

After two days of calculation, all the taxes that Lin Baicheng needs to pay have been calculated.

The United States and the United Kingdom are actually the same, and both have to pay 20% of the profit tax. However, according to the calculations of the team in the United States, 11.5% of the tax can be deducted through corresponding consumption and investment, and the other 8.5% of the tax is must be paid.

In the UK, of the 20% tax, 10% must be paid in real time, and 10% can be tax deducted through consumption and investment.

Japan, as the younger brother of the United States, if the capital of the United States makes profits in Japan, it only needs to pay 5% tax.It's a pity that Lin Baicheng is from Xiangjiang, so he doesn't have this kind of treatment. Of the 20% tax, 10% can be tax deducted through consumption and investment.

Lin Baicheng asked his team to calculate in the form of an offshore company, and concluded that if it is an offshore company, the tax to be paid in the UK and the United States only needs to be less than 5%. This is a policy made by those capital consortiums. He can Following the benefits, this made him more determined to invest through offshore companies.

　[Here, let me explain. I can’t find out how much tax was collected on profits such as futures investment in various countries at that time, so the tax on foreign funds is calculated as 20% of the profit, and about 10% of it can be used for legal tax avoidance.I know that these should be inaccurate, but it will not affect reading, I hope you can understand]

　　[Also, the tax of offshore companies will be lower. If it is written later, I will talk about how much tax to pay]

　　
　
(End of this chapter)