my life reset

Chapter 197 Decisive Battle in October
Chapter 197 Decisive Battle in October

In October, the Hang Seng Index opened at 1533.27 points, slightly higher than the closing point at the end of September.

The manager sitting in front of the computer was clearly in the air-conditioned room, but beads of sweat oozed from his forehead.

He turned back, glanced at Populus euphratica sitting on the sofa, and said in a low voice, "Thank God, it finally stopped falling. It seems that there will be a rebound this month."

Hu Yang didn't say anything, he couldn't see the numbers on the computer screen clearly from his angle, but there was a big screen on the wall, which allowed him to grasp the changes of the index.

To be honest, he doesn't have much research on Hong Kong stocks, and he doesn't have much memory in his mind.But the index is different. You don't need to memorize hundreds of individual stocks, you only need to know one number is enough.

Half an hour after the market opened, the fluctuation of the index was very small, and there was almost no change.

"Up. Up"

Half an hour later, the index began to rise slowly, and the broker habitually let out a low cry.

Hu Yang looked at the big screen on the wall, the index rose all the way, and finally reached 15242.65 points.

"Huh? Why didn't it move sideways? Is the rise weak?"

When the broker is watching the tape, he has a bad habit of talking to himself.But Hu Yang doesn't care, he has seen many traders with bigger problems, and he doesn't have many traders surnamed Yu.

"Listen, immediately open a short position at 15100 points, with a quantity of 26000 lots."

Hu Yang did not hesitate, and at the moment when the index rose weakly, he issued a trading order.In other words, Populus euphratica is bearish on the market outlook and is also shorting the Hang Seng Index.

"OK!"

At this time, the agent showed a high professionalism.He didn't say a word of nonsense, his hands were like flying fingers, and he started to enter the transaction content almost as soon as Hu Yang's voice fell.

In less than 1 minute, the order is completed.The index soon turned around and fell to 15100 points.

"Okay, Mr. Yu, please worry more recently. If I do well this month, I will definitely show something."

Hu Yang immediately got up and left East Asia Securities.

This time, Hu Yang originally planned to convert all the U.S. dollars in Huijia's trade account into Hong Kong dollars, and then transfer them into the margin account.

However, he communicated with East Asia Securities, and the other party promised that financing within [-] million Hong Kong dollars can be provided at any time, but Hu Yang needs to provide guarantee or two-way financing.

Hu Yang did the math, the financing cost of the securities company was about the same as the interest on ultra-short-term bank loans, so he didn't bother to exchange back and forth, and directly lent the US dollars in his hand to East Asia Securities as short-term financing.

After all, the business of East Asia Securities is not limited to Hong Kong stocks, they also have external market business, which also needs to be settled in US dollars.

26000 HSI futures contracts, with a total value of 196.3 billion Hong Kong dollars, based on a 10% margin, is 19.63 billion Hong Kong dollars.

Currently, in Hu Yang's margin account, his own funds are 19.39 billion Hong Kong dollars, and the gap is only a mere 2400 million Hong Kong dollars.

"Fortunately, I borrowed [-] million Hong Kong dollars before. If there is too much financing, it is really useless."

The short-term financing cost of 500 million Hong Kong dollars is about 5 Hong Kong dollars, that is, the monthly interest rate is 4000%.At the same time, East Asia Securities raised 3.25 million US dollars from Hu Yang, with a monthly interest rate of 130%, which means that Hu Yang has a monthly interest income of [-] million US dollars.

130 million U.S. dollars, which can be exchanged for about 1006 million Hong Kong dollars.So speaking of it, Populus euphratica did not suffer much in terms of interest.

As for the interest rate difference, there will definitely be, otherwise, what kind of money will other securities companies make, right?
Also in October, the Hang Seng Index began to fluctuate violently, making people start to worry whether the stock market will experience a major crash like in the 80s.

The Hang Seng Index quickly fell below 15000 points, and then fell below 14000 points amidst everyone's panic.

"Mr. Hu, hello. Now the Hang Seng Index continues to fall, and some analysts believe that there will be a retaliatory rebound after the index falls below 13000 points. Excuse me, do you need to clear your positions near 13000 points?"

The securities broker thought about it for a long time before carefully calling Hu Yang.In the past few months, he still made an operation suggestion to Populus Hu Yang once.

Of course, he was also kind. If Hu Yang hadn't earned him a considerable commission, he wouldn't have bothered to meddle in this business.

"Well, thank you, Mr. Yu. You should continue to wait and see, waiting for my operating instructions."

Populus euphratica has a well-thought-out plan. The October 1997 Hang Seng Index contract is a very famous classic case in history.He believes that it will not be long before the trend of the Hang Seng Index will definitely refresh the three views of all investors!

"12000 points."

"11000 points."

"My God, the Hang Seng Index is about to fall below the [-] mark."

In the following days, the trend of the Hang Seng Index in October did not know how many long positions were blown up.All the way down, there was almost no decent rebound on the way, and it directly approached the [-]-point mark.

"Mr. Huhu, do you want to clear the warehouse and sell it now?"

The manager only felt his mouth was parched. He felt that at this point, it should be almost the same, right?If you are greedy again, what if the index starts to rebound?
"Well, let's continue to wait and see."

Hu Yang's instructions were the same as before, and even his tone didn't fluctuate.

The agent's mind became a little numb, and it was difficult for him to understand what Boss Hu was thinking.

The broader market really "lived up to expectations", and the Hang Seng Index fell below the [-]-point mark like a bamboo shoot.

The market is wailing, and at this time, it is unknown how many people are on the verge of collapse.

"Listen, Mr. Yu, clear the position at 9000 points. Remember, after finishing this order, you have to keep your mouth shut and don't leak any information about me, understand? Of course, I won't treat you badly. Yes, when this matter is over, you come to me."

When the Hang Seng Index fell below [-] points, Populus euphratica came to Xiangjiang again.During this period, he came to build a warehouse, and then stayed in Yangcheng.

Now that he appeared in Xiangjiang again, it meant that it was time to finish.

The Hang Seng Index continued to plummet, not only fell below 9000 points, but soon fell below 8775.88 points, and fell all the way to 10623.78 points before it stopped the decline and started a small wave of rebound.In the end, the Hang Seng Index closed at [-] points in October. The market was like a roller coaster, which made many people sleepless at night, and years of investment wealth were wiped out.

Populus euphratica's Hang Seng Index futures contract was completely cleared at 9000 points, achieving a crucial victory.

Counting from opening a short position at 15100 points of the Hang Seng Index to selling all of them at 9000 points, Hu Yang actually earned 6100 points in the index.

每一点指数是50港币，胡杨买了26000手指数期货合约，6100*26000*50港币=79.3亿港币。

In the most critical battle in October, Populus euphratica won a complete victory, with a profit of 79.3 billion Hong Kong dollars.

After the settlement, Hu Yang returned the 500 million Hong Kong dollars of East Asia Securities and the interest of 98.49 million Hong Kong dollars.After deducting commissions and handling fees, the final fund balance of his margin account was [-] billion Hong Kong dollars.

"Mr. Hu, why don't you continue? It's a pity."

Manager Niu went out to keep Populus Hu Yang in person, but the other party had already made up his mind to go, but he still couldn't keep him.

Hu Yang transferred all the funds back to the bank account, and at the same time recovered the USD 4000 million financing to East Asia Securities and the interest income of USD 130 million.

At present, the funds in the US dollar account of Huijia Trade are 4630 million US dollars, and the funds in the Hong Kong dollar account are 98.49 billion Hong Kong dollars.

Without any hesitation, Hu Yang converted almost all Hong Kong dollars into US dollars.The current exchange rate is 7.73, that is, 1 U.S. dollar to 7.73 Hong Kong dollars, so the Hong Kong dollars in his hand were exchanged for 12.74 billion U.S. dollars, and the remaining 98 Hong Kong dollars were transferred to his bank card.

Well, the boss also needs to pay wages, and let the accountant do the accounting later.

The total cash in the U.S. dollar account was 13.203 billion U.S. dollars, and Hu Yang’s yen loan also expired. Hu Yang thought about it and did not intend to extend it, so he began to exchange yen again.

目前日元兑美元的汇率是130，兑换54亿日元用了4153.85万美元，账上余额变成了12.78亿又76.15万美元。

In fact, during this year, the yen has depreciated a lot against the US dollar, and the exchange surplus of Populus euphratica is still left after repaying the loan interest.

Borrowing yen to repay the yen, Populus euphratica took advantage of the depreciation of the yen, not only did not pay a penny of interest, but also made a small profit.This loan is really a bargain.

As for Sumitomo Mitsui Bank, they have nothing to lose.Both the loan and the interest have been recovered. The exchange rate issue is another matter and has nothing to do with the loan itself.

"Mr. Yu, thank you for your hard work in the past few months. Here is a check for [-] Hong Kong dollars and a non-disclosure agreement. I hope you can keep your mouth shut, and this money will be your reward."

Sure enough, the manager surnamed Yu came to find Hu Yang, and Hu Yang was not stingy to sell 10 Hong Kong dollars, but asked the other party to sign a non-disclosure agreement.

The broker signed it with little hesitation, and pocketed the check.

"Mr. Hu, won't you do it again?"

Before going out, the manager asked a question without giving up.

"I won't do it in the short term. As for the future, I will talk about it at that time."

Hu Yang smiled, but did not give the other party a positive answer, and then asked Han Wen to send the guest out.

At this point in time, a large amount of arbitrage funds have poured into Xiangjiang.Just like this October, the reason why the Hang Seng Index fluctuated so violently was not only the poor economic situation in Southeast Asia, but also a large number of foreign hedge funds, which had an impact on the foreign exchange market and the stock market.

"Hehe, at this stage, these arbitrage funds are officially the most active and craziest. However, the defense of the Hang Seng Index is not a joke. At most until next year, everything will be decided. These various funds are destined to be in Xiangjiang. This place, the halberd sinks into the sand."

At present, the Hong Kong Monetary Authority has not made a move.But Hu Yang knows that the authorities will not allow various funds to ravage Xiangjiang, and one day they will be taught a profound lesson.

Therefore, Hu Yang decided to accept as soon as it was good, and had no intention of repeated arbitrage in the Hang Seng Index futures market.

It's just that Populus euphratica cannot directly transfer the large sum of money in Huijia's trade account to the mainland.After all, on the surface, Huijia Holdings has nothing to do with Xiangjiang Huijia Trading.To transfer this money, you have to find a name, otherwise, if the name is not right, someone will suspect that you are laundering money.

(End of this chapter)