The Birth of the Hong Kong Island Family.

Chapter 99 [Big Earnings] (Add 5000 more! Ask for a monthly pass!)
Monday, May 5.

"Up to 600 Hong Kong dollars per tael"

The gold and silver trading field was full of voices, overwhelmed, excited, and regretted by the rise in gold prices.

In just over a month, the price of gold climbed from more than 480 Hong Kong dollars per tael to 600 Hong Kong dollars, which can be described as hot speculation.

"Gold will go up! At least 700 Hong Kong dollars, 800 Hong Kong dollars is also possible!" Someone shouted a shocking slogan.

People are crazy about the rise of gold. The war to liberate the Shanghai stock market started last week, and the price of gold in Hong Kong naturally soared. Even jewelry stores are overcrowded.

Lin Zhichao was overjoyed when news of the gold and silver trade field reached Changjiang Bank.

Gold rose to the mark of 600 Hong Kong dollars per tael, which can be said to be at the right time:
First, the Jiefeng Shanghai stock market is in full swing, which will inevitably cause the external environment to push the price of gold to continue to rise;
Second, Hang Seng Bank just cashed out a batch of gold last week, estimated at 2 to 3 taels, and the follow-up gold is still at sea and has not yet arrived in Hong Kong.

"Arrange to cash out the 3000 taels of gold in your hand first, and cash out at a price above 600 Hong Kong dollars!"

Li Zhaoji said excitedly: "Okay, I will arrange it right away!"

He knew how much gold the boss had, which was more than 15000 taels.

Although Hang Seng Bank sold 3 to [-] taels recently, it is a partnership company after all, and it is the boss of the gold and silver trade field.

as the order is conveyed.

Ah Shan of the gold and silver trade field quickly stood in the middle of the patio, with his palms outward and his fingers bent, and a group of people immediately swarmed up.

Ah Shan quickly sold 6 lots of gold (600 taels) and traded them to three of them;
Afterwards, everyone walked down and took notes in their notebooks, and they will go to the registration department later.

Ah Shan did not continue to cash out immediately, but waited for the next operation instruction;
Ah Jin needs to pass the news from the venue to the headquarters on the second floor of Changjiang Bank.

"Boss, it seems that this week is very suitable for cashing out, and the price can be stabilized at more than 600 Hong Kong dollars per tael. If it is next week, Hang Seng Bank and other gold merchants may also cash out a lot. It's just that your remaining gold is still mortgaged at the Bank of East Asia .” Lee Shau Kee reminded.

Now that he decided to cash out, he guessed that the boss planned to cash out all of them.

After thinking about it, Lin Zhichao said, "I'll go to the Bank of East Asia later, and let Mrs. Jian make it convenient for me to withdraw gold at any time to cash out. I don't think there will be any problem with this."

The purpose of the mortgage is to be able to repay the loan. Now that Lin Zhichao's gold has risen so much, Jian Dongpu will naturally accommodate.What's more, in Jian Dongpu's mind, Cheung Kong is worth 500 million.

In the afternoon, Lin Zhichao came to the Bank of East Asia Building at No. 10 Des Voeux Road. This building was built in 1935. It is a landmark building in Central Hong Kong. It was rated as a "model of modern streamlined architecture" at that time.

Seeing these buildings, Lin Zhichao was very yearning. It may be that he likes to be a "landlord" and "rent collector" in his bones.

After arriving at the general manager's office, Jian Dongpu greeted him happily.

"I knew you were going to find me soon, gold has risen so much."

Lin Zhichao said with a smile: "Mr. Jian is in such a good mood, has all the assets in the Shanghai Stock Exchange been withdrawn?"

In order to befriend Jian Dongpu, Lin Zhichao analyzed the situation for him a lot to avoid the Bank of East Asia's losses.

Jian Dongpu patted Lin Zhichao on the shoulder, and said gratefully: "It's because of your vicious vision that we sold the property assets in Shanghai in time at the beginning of the year, avoiding a big loss."

After speaking, he invited Lin Zhichao to the sofa and made tea for him himself.

The building of the Bank of East Asia in the Shanghai stock market is very beautiful, and it has become a protective building in later generations.Originally, it was impossible for the Bank of East Asia to withdraw so cleanly and thoroughly, and Lin Zhichao was responsible for this.

Lin Zhichao rarely analyzed anything, and he was afraid that others would not believe him, but he only mentioned some things in front of Jian Dongpu and Li Zhaoji.Of course, he's not talking bad about anyone, it's always fair to say what everyone represents.

"That's great! But I admire Mr. Jian for making this decision."

This decision is not so easy, otherwise why would Jardine lose 3000 million pounds of assets.

"To be honest! This decision is really difficult. After all, the Bank of East Asia has a large business in the Shanghai stock market. But I am familiar with you. I think that there must be many outstanding people who can create such wealth in two or three years. So I overcame all opinions and decided to gradually withdraw from the mainland. The headquarters building in Shanghai alone brought the Bank of East Asia an income of 50 U.S. dollars.”

Jian Dongpu is still a veteran, he first sold his heavy assets, and it was not until March that he withdrew all Bank of East Asia's business from the Shanghai stock market.

"So cheap?" Lin Zhichao asked curiously.

You know, Du Yuesheng sold his mansion in Shanghai for 40 US dollars.The building of the Bank of East Asia is very huge, at the corner of Sichuan Middle Road.

"It's not cheap, how can anyone take over! Now it seems that even if it's one hundred thousand dollars, I'm afraid no one will dare to take over."

Lin Zhichao thought to himself, maybe not necessarily, there might still be bottom-buying properties in the Shanghai stock market now!

"By the way, who are you here this time?" Jian Dongpu asked now.

Gold has soared, and this young man's net worth has also soared, but he is in his early 20s, and his net worth is probably close to tens of millions of Hong Kong dollars, including Cheung Kong.

It's not easy, it's simply a business genius!
Lin Zhichao said seriously: "I want to cash out all the gold, which is expected to be within this week. Therefore, I want to get back the pledged gold first, and then repay the loan and interest from the Bank of East Asia."

Jian Dongpu thought for a while and said, "Go through the formalities, this is not a problem!"

After all, mortgages need to worry about risks.Now that others are cashing out to make a profit, there is naturally no risk.

Lin Zhichao quickly expressed his thanks!
Jian Dongpu asked curiously again: "After you cash out this time, will you continue to speculate in gold?"

Lin Zhichao said directly: "No, I won't have the slightest commemoration! Even if the price of gold rises to 1000 Hong Kong dollars per tael, I will not regret it. Of course, I think that behind the gold are those imported gold merchants who set up Shanghai stock market gold merchant's cash."

Jian Dongpu laughed and said, "It makes sense! But you also have a share, and you can cash it out."

Since this young man has already hooked up with He Xian, it makes no sense that he can't import gold at all. To be honest, the Bank of East Asia doesn't even have such a good treatment.Of course, this is also very small compared with the scale of the Bank of East Asia's gold speculation.

Lin Zhichao shook his head and said, "The profit is limited, and the risk is too high, why bother to commemorate it."

There are a lot of profitable businesses, so he won't be so stupid.

Jian Dongpu admired Lin Zhichao a little bit. If it was him, he would not stop immediately after making so much money.

Afterwards, Jian Dongpu led Lin Zhichao to start the formalities. After the procedures were completed, he could withdraw gold at any time.

Thursday.

Changjiang Yinhao sold 4 taels of gold in less than 15160 days, with an average price of 606.5 Hong Kong dollars per tael.Such a large-scale cash-out has more or less affected the rise in the price of gold, but it has not allowed the price of gold to fall below 600 Hong Kong dollars per tael.

Unexpectedly, Hang Seng Bank began to sell a large amount of money that day, which was much larger than Changjiang Bank. It sold a huge amount of 1 taels in one day, and the price of gold also began to fall, but it was still stable.

"I don't believe that gold will fall! The price of gold will rise sharply! Arrange for me immediately, and buy another 50 lots!" Huang Caifu, a gold merchant from Shanghai, roared on the phone.

After hanging up the phone, he was still not at ease, and decided to go to the gold and silver trade field to supervise the battle in person.

During this period of time, he has earned a full 50 Hong Kong dollars, and he thinks that gold will rise to 800 Hong Kong dollars per tael, so the more he speculates, the bigger it gets.

But just now, my subordinates called and said that the price of gold had fallen below 600 Hong Kong dollars per tael, and the selling demand was very large.

"Hold on! Hold on! The mainland is in Jiefeng Shanghai, and the war will cause the price of gold to skyrocket!"

"Those sell orders must be short sell orders. As long as gold goes up, they can only lose money! Or take out gold!"

The more he thought about it, the more excited he became. Huang Caifu decided to unite with his colleagues in the Shanghai stock market to show those "short selling orders" a good look.

There are many gold merchants and financiers from Shanghai who have this idea. First, they are optimistic about the gold market outlook. Second, they don’t know that Cantonese gold merchants can import a lot of gold from Omen. Third, they are not familiar with the local market.

at the same time.

The reason why Hang Seng Yinhao dared to sell a large amount of gold was because the radio waves of the gold transport ship had been transmitted back to Hong Kong and were about to arrive at Aomen Wharf.

As long as they smuggle to Hong Kong one after another next Monday, they can complete the physical gold delivery and cash out.

Other Cantonese gold merchants, seeing such a violent cash-out by Changjiang Bank, already noticed something abnormal. Looking at the more violent cash-out by Hang Seng Bank, they immediately realized that the price of gold was about to fall, and immediately joined the ranks of selling.

At this time, the general trend outside is no longer important, what matters is who can control the market.

Of course, there are very few people who dare to "short sell orders", and everyone has gold or receipts in their hands.

In the office of Hang Seng Bank.

He Shanheng said with a smile: "The more wealthy these Shanghai-based gold merchants are, the happier I am. This time we will cash out 2 taels of gold. As long as they eat it, it will rise to 700 Hong Kong dollars a tael, which is also their ability. I am happy." It's too late."

They are selling physical gold, so they are very happy that the Shanghai-based gold merchants won, and of course there are some Cantonese gold merchants among them.

He Tian said with satisfaction: "Even if the 2 taels sold earlier, Lin Zhichao will still seize the opportunity!"

He Shanheng nodded, not jealous of Lin Zhichao's ability, but said: "Maybe, his goal was very clear from the beginning, that is, to sell for more than 600 taels. I just don't know, will he still speculate in gold?"

After He Tian thought for a while, he said, "It should be possible! If he goes to Omen to import gold, my younger brother will not refuse to give it to him. Listen to his tone and intend to make this friend."

He Shanheng nodded. Although He'an Gold Company took care of Hang Seng Bank, it was impossible to exclusively supply gold to them.

After all, in this way, everyone (Cantonese gold merchants) will not be happy to raise the price.

Changjiang Bank.

Lin Zhichao is calculating his income from gold speculation:

15160 taels of gold, and the expected return of funds is 916 million Hong Kong dollars;
Coupled with the ultra-short-term speculation funds, it has risen to 35 Hong Kong dollars;
In addition, the assets of the retail store, gold and foreign currency add up to 22 Hong Kong dollars.

The assets of the entire Changjiang Bank are 973 million Hong Kong dollars.

He needs to pay dividends of 3 Hong Kong dollars to the Li brothers, and also needs to repay the Bank of East Asia's loan plus interest of 280 million Hong Kong dollars (principal of 250 million).

In other words, Changjiang Yinhao's net assets are 690 million Hong Kong dollars.

Among them, 300 million Hong Kong dollars is the capital (principal) of Changjiang Real Estate, which is equivalent to earning 390 million Hong Kong dollars in gold speculation.

Gold merchants and financiers in the Shanghai stock market took over the orders one after another, undertaking a large number of sell orders.

They soon discovered that their trading partners chose physical gold delivery, so they could only buy cash at a high price, or sell the gold receipts in their hands at a loss in advance.

Although the price of gold has only dropped to 585 Hong Kong dollars per tael, the Cantonese gold merchants are already laughing. They have cashed out a large amount of gold at a high price, and they bought it cheaply.

In fact, many Shanghai-based gold speculators have already speculated in leveraged gold. Whether the price of gold continues to rise or fall, they are all losers.

Because Cantonese gold merchants mainly make profits by cashing out gold imported from Omen.The higher the price, the less likely Cantonese gold merchants will choose to buy gold from the market, and they will find ways to import more physical gold from overseas, because African gold is much cheaper.

Once gold collapses that day, their net worth will be halved at least, and those speculators who borrowed money or leveraged will go bankrupt.

Lin Zhichao closed the account book and said to Li Zhaoji: "Cheung Kong Bank is expected to close at the end of August. In the remaining three months, except for retail business, I will leave you another 70 Hong Kong dollars as gold speculation funds. You will also speculate in gold anyway." , just do it for me for another three months, and it’s convenient to fry together.”

After repaying the debt, another 600 million funds were withdrawn, leaving Changjiang Bank with only 90 funds (including store assets).

As for why it was done by the end of August?

This is because - Lin Zhichao gradually converted all funds into US dollars to achieve the effect of preserving value.

Li Zhaoji said seriously: "Okay, I don't want to leave this year. By the way, Changjiang Yinhao can actually import gold from Aomen, which can make more money. After all, Mr. He Xian seems to be interested in making friends with you, the boss, compared to how much more Less gold will be supplied."

He'an Gold will indeed provide gold to Changjiang Yinhao. Although it is not much, it is estimated that there will be a quota of 3000 to [-] taels a month.This gold itself is nearly [-]% cheaper than the market, so it will almost make a profit.

Of course, if gold suddenly plummets, that means a loss.But it is clear that gold can still be stabilized before Guangdong Province solves F.

Lin Zhichao shook his head and said, "The risk at sea has increased now. Who knows if the G army's defeated army has joined the pirates. So, just buy and sell in the gold and silver trading market normally."

Li Zhaoji's heart tightened suddenly, and he felt that there was some truth, and he should not take risks in the future.He is also very wealthy now, with assets close to 20 Hong Kong dollars, so why take the risk of smuggling again.

"Ok, I see!"

After some arrangements, Changjiang Bank continued to operate, but the total capital became about 90 Hong Kong dollars.Of course, Changjiang Yinhao's funds in the gold and silver trading field will not be withdrawn all at once.

Assuming that when the delivery period is approaching, the buyer transfers out the contract in hand at a loss; then, a new contract has to be made again.

Of course, in this process, Changjiang Yinhao will obtain income such as price difference and interest.

At the same time, not all of them are transferred out. When the delivery period comes, many people fail to transfer out in time or want to transfer out, so they have to pay cash to reach this contract.

In any case, the Changjiang Bank account began to have more cash flow.

Lin Zhichao has already started preparations to enter the next business - shipping.

At present, he has entered three businesses in total—manufacturing, real estate, and gold speculation. Among them, real estate is waiting for an opportunity, and gold speculation is nearing completion; so he already has the energy and funds to enter the shipping industry.

The important thing is that Lin Zhichao has controlled the timing and made a careful plan.

The next day.

Hang Seng Bank once again sold more than 1 taels, coupled with the selling of other Chaozhou gold merchants, the price of gold fell again for a while. When the market closed in the afternoon, it was already around 565 Hong Kong dollars per tael.

It can be said that this week, Changjiang Yinhao and Hang Seng Yinhao dominated the gold and silver trading market in Hong Kong, and the settlement amount of the two companies reached more than 2000 million Hong Kong dollars.

Some Shanghai stock market speculators gathered in a high-end restaurant in the evening.

Huang Caifu, who speculated on gold with more than 2 times the leverage, was a little angry. He was in a state of anxiety all day long, because a loss of 35 Hong Kong dollars now means a loss of [-] Hong Kong dollars.So, he drank mulled wine and said nothing.

At this time, another gold merchant, Xu Shijie, said: "Recently, things have gone wrong. Many silver and gold merchants use physical gold for delivery. I thought they were going to transfer the order, but I didn't expect that when three days came, they would Deliver the gold."

Huang Caifu was taken aback and said, "Really?"

Others nodded, and someone said, "It must be. Some of them smuggled gold from Omen, and then shipped it to Hong Kong to cash out. So, Brother Huang, you have to prepare the funds for delivery next Monday."

These people are not familiar with the local market and do not know how huge the amount of gold smuggled in Omen is, which is a serious information jam.

Huang Caifu was stunned. He still expected that on Monday, because there was no physical gold in those sales orders, he could only buy 'gold' from the market to form a new contract.

In this way, there will be a large number of buying orders, and gold will naturally rise back.

Now, hit the nail on the head!
But he quickly cheered up again and said, "It's okay, if you buy gold, you can buy gold, and the price of gold will continue to rise. I am firmly optimistic that it can reach 800 Hong Kong dollars per tael."

In fact, I have a guilty conscience!

But his words immediately won everyone's approval.

Someone said: "That's for sure! Now everyone is scared. We people in Jiangsu, Zhejiang and Shanghai buy gold, and the locals in Guangdong and Hong Kong also buy gold. And the war will not stop for a while, so gold will definitely rise sharply."

This statement was echoed by everyone.

In fact, these people did not think of a key issue, that is, Cantonese gold merchants used a large number of Omen smuggled gold to cash out instead of buying gold from the market.

This has resulted in more and more gold in the market, which is accumulated in the hands of gold merchants in the Shanghai stock market. Once the war subsides and the supply of gold exceeds demand, their wealth will shrink; once the gold is purchased with leverage or borrowing, bankruptcy will naturally occur. No problem.

(End of this chapter)