Rebirth 2004: I can make money by writing

Huang Shichang did not say anything more and immediately called the relevant departments to request statistical data within two days.

Seeing Huang Shichang being so tactful, Hao Qiang smiled secretly in his heart.

It was really hard for Hao Qiang to trust some people to do things.

He thought to himself that if they were allowed to discuss slowly, he didn’t know how long it would take.

Hao Qiang believed that after this incident, his reputation would reach an unprecedented height.

At that time, there would definitely be people who speculated whether he was a reborn person or could predict it.

But these were easy to explain: he always attached importance to education, and happened to come to Chengdu for tourism. On the way, he saw the dilapidated primary school teaching building, so he suddenly decided to donate.

In order to reduce speculation, he planned to donate to other regions in addition to western Sichuan.

In fact, at Hao Qiang’s social level, he would not care about how others speculated, and the people above him would not believe it.

Even if they really believed that he was reborn, how could they force him to confess anything?

(This matter cannot be written, nor should it be discussed more, so far)

A week later,

Hao Qiang left Chengdu with satisfaction and returned to Yuecheng.

He noticed that the share price of Tengxun had fallen to HK$67, and was glad that he cashed out in time.

The share price of Moutai is still strong at around 830 yuan, and the highest has reached 865 yuan.

However, these have nothing to do with Hao Qiang.

He immediately communicated with Guosen Securities Hong Kong City Branch to explore the possibility of entrusting the operation of US stock short selling.

There are few domestic stock short selling businesses, while the US stock short selling market is huge and trading is active.

Subsequently, Hao Qiang also consulted about the leverage of US stock short selling.

It was learned that there is no fixed ratio for short selling leverage. It is usually agreed upon when opening an account based on the credit status of the customer, or an unconventional short selling leverage ratio is temporarily provided under specific circumstances. At the same time, for customers who provide leveraged short selling, brokers will conduct strict risk control management, set warning ratios, liquidation lines and other measures to prevent uncontrollable risks caused by excessive leverage.

The actual situation is that in history, before the subprime mortgage crisis, the short selling leverage of US stocks was large and the short selling cost was low, which led to the market being one-sided short selling when some negative news occasionally occurred, and the stock price continued to plummet.

In 2009, Citibank was shorted by institutions for a month, and it almost delisted after falling below $1.

To prevent Citibank from going bankrupt, the government injected a total of $45 billion twice in October and November 2008.

In February 2009, the government took action again and converted preferred shares into common shares.

After the subprime mortgage crisis, the government noticed this problem and successively introduced many policies to restrict short selling, including stipulating that the maximum leverage of securities lending should not exceed 200% and that short selling is not allowed during the downtick trend of stocks.

In other words, securities lending leverage is now possible.

Of course, the risk is also high. If the leverage is high, it is easy to blow up the position.

But the leverage ratio is also limited, and it is impossible to open more than dozens of times. This is not futures.

If it is futures, how can you play without high leverage!

It is impossible for Hao Qiang himself to go to the ugly country and lend securities in his own identity. He is also afraid that he will not be able to come back after going, especially after shorting other people’s stocks for profit.

Therefore, given his current situation and capital, it is best to cooperate with domestic securities companies and entrust them to operate.

Securities companies have a wide range of business, and they also do entrusted securities lending.

December 6, Thursday.

Hao Qiang went to Gangcheng in person, and was personally greeted by Huang Qi, general manager of Guosen Securities Gangcheng Branch.

Today, Hao Qiang has tens of billions of funds, which is even larger than the capital assets of ordinary securities companies.

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Of course, the customer assets managed by securities companies are very large, and it is not difficult to operate more than one billion US dollars of foreign exchange for Hao Qiang.

“Welcome Mr. Hao to Gangcheng,” Huang Qi said with emotion, “Mr. Hao has a unique vision and has made a lot of money in the past year.”

Hao Qiang’s purchase and cashing of Moutai and Tengxun stocks were all entrusted to their securities company team. Huang Qi knew Hao Qiang’s profit situation very well.

When the two first met in November last year, Hao Qiang was worth only tens of billions of yuan, which was a far cry from today.

It was also at that time that Hao Qiang raised 2.5 billion yuan from their company with an annual interest rate of 8.8%.

Guosen Securities thus earned nearly 200 million yuan in interest income. After deducting the interest cost of customer funds, the company made a lot of profit.

“It’s just luck.” Hao Qiang smiled calmly, “This trip is mainly to discuss cooperation with Mr. Huang.”

“Are you planning to short sell U.S. stocks, Mr. Hao?” Huang Qi asked, recalling Hao Qiang’s previous consultation.

“That’s right!” Hao Qiang nodded, “The plan will start in June next year and last until June 2009, for a period of one year.

I plan to allocate 10 billion yuan of funds to carry out short selling leverage operations in the name of your company.”

“Of course, no problem, thank you Mr. Hao for choosing our company.”

Then, the twoThe relevant details were discussed in depth.

Hao Qiang will not disclose the specific stocks for short selling for the time being, and plans to execute it in June next year.

Considering the huge amount of funds, it takes time to plan to convert 10 billion yuan into more than 10 billion US dollars.

The preliminary arrangement is that before the end of May next year, Hao Qiang will transfer 10 billion yuan to Guosen Securities, and his company will be responsible for the exchange.

Guosen Securities will conduct leveraged short selling with overseas financial institutions in the name of the company according to the stocks, price range and time points specified by Hao Qiang.

The company only charges handling fees and management fees, and does not bear investment risks.

Of course, the interest on short selling is also paid from this fund.

10 billion yuan is about 1.38 billion US dollars. For example, if you plan to take out 1 billion US dollars as margin and 380 million US dollars as risk capital, if you short sell stocks worth 5 billion US dollars.

Generally speaking, the annual interest rate for short selling of US stocks is between 6% and 10%.

If you short sell for half a year, the interest will be about 200 million US dollars, calculated at an average of 8%, which will be paid to overseas financial institutions, not Guosen Securities.

Of course, Guosen Securities can also join other securities companies to raise part of the funds for Hao Qiang and charge this interest fee, but the leverage ratio must reach what Hao Qiang wants.

He raised only 2 billion US dollars with 1.38 billion US dollars, which Hao Qiang must think is too little.

In fact, the leverage of regular securities companies is two-way financing, which is only twice, which cannot reach what Hao Qiang wants.

If the operation is illegal, Huang Qi will be punished.

Assuming that the stock is eventually repurchased for 2 billion US dollars, the profit margin will be about 3 billion US dollars.

After deducting interest and transaction fees, the net profit is expected to be about 2.7 billion US dollars.

In view of the long operation cycle and complex process, based on the scale of 10 billion yuan, the basic management fee is set at 100 million yuan, which is within the acceptable range of Hao Qiang.

In addition to the basic management fee, there is also a performance commission, which is the big head. Hao Qiang and Huang Qi negotiated 5%.

If it is more, Hao Qiang will not be willing, after all, his capital scale is not small.

If the fund scale is larger, Hao Qiang will simply set up a financial company, which is more cost-effective, but the performance commission will still be given to employees, just not as much.

However, to conduct international securities lending business, the company needs to have a certain international reputation and credibility, and be able to conduct securities lending with overseas financial institutions, otherwise it is just a mess.

Hao Qiang’s investment this time is also a gamble, even if he loses money, he will not lose much.

These are the main contents and expenses he discussed with Huang Qi, and there are actually many details.

After Hao Qiang confirmed this matter, he left Gangcheng, and the group still had a lot of things to deal with.

In Rongcheng, construction has already started, and he donated 200 million yuan in the name of the group.