The Son of Finance of the Great Age
Chapter 365: Divestment
Chapter 365 Divestment
It has to be said that Soros' influence at this time is very great, so great that he can't even imagine it. Within two weeks after he held a press conference, the Seoul stock market rose by a full 25%, and the Korean won exchange rate also experienced a considerable increase. This was completely beyond the expectations of Kim Dae-jung and his staff.
The new president's first move in terms of economic stimulus got off to a good start, which made many South Korean people, including the big chaebols, rejoice that their choice was not wrong.
Due to the strong rise of the South Korean stock market, it also led to the rise of stock markets in other Asian regions. Although basically there is not much correlation between these capital markets, the Korean market has been the focus of the market in recent months. It is not an exaggeration to be a weather vane. Now that Soros, one of the largest international speculators, speaks, no one thinks he is talking nonsense, so the market generally believes that the financial crisis in South Korea is coming to an end.
There is an even more optimistic conclusion that the Asian currency crisis is drawing to a close. Of course, the financial and economic crisis triggered by the currency crisis is far from over.
On January 2, the Hang Seng Index fell 42 points to close at 10680 points, down 0.39%, and fell slightly after rising slightly in the previous few days. However, after Soros's speech on January 3, the market generally believed that when the market opened on Monday, the 5th, the Hang Seng Index would experience a large-scale increase.
Naturally, after getting the news that Soros will visit South Korea in advance, Zhong Shi started his intensive plan to short the Hong Kong stock futures index. Since Ma Jiarui's team did not take a vacation, Zhong Shi had sufficient manpower. After temporarily mobilizing these traders, he built positions on the Hang Seng Index futures frantically in the past few days, including December 31 and January 2. The establishment of 3,000 empty orders made traders stunned and also dragged down the market slightly.
Although Ma Jiarui listened to Zhong Shi's explanation, he still didn't care about it. At least in his opinion, there is not much bad news about the Hong Kong stock market. On the contrary, there is a lot of good news. Shi's own, he naturally didn't have much to say.
However, on the day of January 4th, Tianyu Fund welcomed a guest. This investor of Tianyu Fund only appeared here for the second time in a few years. Invest in the investor who cares the least.
Zheng Xi, the agent of the Zheng family in eastern Guangdong, was the same as the last time he appeared at the Liao family. First, the bodyguards cleared the way, and then stepped into the Tianyu Fund's office area after confirming safety.
"Zhong Sheng, long time no see, business is still booming?" Zheng Xi greeted Zhong Shi with a smile as soon as they met.
Zhong Shi also smiled back, shook hands and greeted: "Thanks to your blessings, we have been able to get by recently. Although the currency crisis has spread to the entire Southeast Asian region, we are lucky not to get involved too much, so the loss is not too much."
Although he said so, Zhong Shi kept muttering in his heart: Why did this person appear here now, and what exactly does he want.
I have to say that this young master surnamed Zheng has too much energy, so big that even today's Zhong Shi is afraid of three points. The last time we met, in order to show his strength, this Mr. Zheng killed a mafia boss who dominated Xiangjiang. The police have not solved the case until now, and it is estimated that it will become an unsolved case forever.
Although the money Zhong Shi earns is upright, it is necessary to have enough protection from underground forces in Hong Kong these days, especially in the case of frequent kidnappings of rich people on Hong Kong Island.
Now, the security company founded by Land Rover has also begun to take shape. Although it is also taking an open and aboveboard path, it often dabbles in gray areas in private. After several years of development, Zhong Shi has also initially possessed the ability to protect himself.
As soon as he thought of this, Zhong Shi became more confident.
However, to Zhong Shi's surprise, this time, Zheng Xi's attitude was very low, and after a little greeting, he said: "Zhong Sheng, I am a little embarrassed to come to visit this time. I want to put I have redeemed all the shares I invested in your fund before, I don't know if it is convenient or not."
"Redemption?" Zhong Shi was stunned when he heard this word, and after a moment of astonishment, he asked in a daze, "Mr. Zheng, why is this? Are you dissatisfied with our investment performance?"
Subconsciously, he thought that this part of Zheng Xi's investment was in the flagship fund. You must know that the return on investment has doubled by more than ten times in less than four years. It is almost impossible to find a second one in this world. Mr. Zheng actually wanted to withdraw money, could it be that his brain was flooded?
Zheng Xi's expression was very embarrassing, and after touching the tip of his nose, he tentatively said: "It is reasonable to reserve at least one month for you to redeem, but this time it is really urgent. If Zhong Sheng is inconvenient, we can redeem half of it first, and it will not be too late to talk about the rest after a week."
After a pause, he went on to say: "To be honest, I don't agree to redeem these shares now. The return rate of doubling in three years is already very high. But please forgive me for my difficulties. There is no way, the big boss above gave orders, and I, an errand runner, can only obey orders."
Although he doesn't go here often, Zheng Xi still has enough information to know how his investment is performing. Among other things, the fund is obliged to disclose the current investment situation and net worth to investors every month, which is one of the minimum requirements.
It was already clear that Zheng Xi was just a pawn, but he was able to say it so frankly, Zhong Shi naturally couldn't say anything more. However, after hearing the rate of return "doubled in three years", Zhong Shi still asked in a strange way: "The rate of return doubled in three years? Uh...that's how it is!"
Fortunately, he realized in time that Zheng Xi's funds were not placed in the flagship fund. Otherwise, if he accidentally said something, he believed that no matter how much pressure the other party was under, it was absolutely impossible to redeem the funds easily. come out.
Zheng Xi signed a fund management contract with Tianyu Fund with a total amount of 50 million U.S. dollars. In addition to the necessary management fees and excess returns, it also stipulates that if there is a loss, Tianyu Fund will make up for it. treaty of equality. But at that time, the situation was stronger than others, and Zhong Shi finally signed the contract holding his nose, who made the other party really strong.
However, Zhong Shi is not easy to deal with. Naturally, he will not put this part of the funds into the flagship fund with the strongest growth. Put it into Tianyu Zhonghua's growth. Although the fund manager has changed frequently in recent years, the performance is still stable. Because Maxim, who was in charge of China Growth, made a fortune on the Hong Kong stock futures index, the fund successfully increased to a net value of 100 million US dollars. .
After hastily studying the investment performance report, Zhong Shi discussed with Maxim for a while, and with a swipe of a pen, allocated 100 million US dollars from the cash pool to the other party's account. Although this means a loss of at least 1 million US dollars in management fees this year, plus a variable amount of excess returns, Zhong Shi is naturally very happy to be able to lose one investor.
While many hedge funds, including Quantum Fund, were still trying to please investors in every possible way, Tianyu Fund was already trying to return the shares of these investors. This has to be said to be a strange phenomenon. Naturally, there is no other reason. In the past few years of growth, Tianyu Fund itself has grown to the level of a behemoth, and naturally it will no longer think about relying on other investors.
Seeing that he got his funds so happily, Zheng Xi was naturally in a good mood. After confirming the account with the bank again and again, he complimented Zhong Shi with a smile on his face, and said kindly that he would treat Zhong Shi to dinner as a reward.
"You don't need to eat, after all, these are our obligations. Fortunately, this time you come, our cash pool happens to have the corresponding funds, so we won't sell assets in the short term. But what I'm curious about is, your Why does the big boss want to recover the investment at this time?" Zhong Shi naturally wouldn't go to his banquet, in fact he now wished that Zheng Xi would leave early, but before leaving, Zhong Shi still wanted to ask what reason.
"Hey…"
Zheng Xi sighed, and winked to the left and right. The people who followed him saw this, and left Zhong Shi's office with interest. It didn't take long for Zhong Shi and Zheng Xi to be left in the entire office.
"It's hard to say. But since Zhong Sheng is so forthright, I won't hide it anymore." Zheng Xi shook his head when he saw that the place was quiet, and said, "In the past few years, eastern Guangdong has gradually formed a situation that cannot be lost. The central government is very concerned about this." Dissatisfied, I took advantage of the opportunity of this election to adjust the top management of Eastern Guangdong. Although our faction fought fiercely with the Yangyue Gang, everyone is always a local faction in Eastern Guangdong. We don’t want the central government to intervene here. We couldn't resist it."
He did not hide the fact that he had an official background, and the other party must have known it well, otherwise he would not have agreed to help them manage their funds so readily.
After sighing for a long time, he continued: "If it's just a foreigner as the leader, that's all. Because of the Asian financial turmoil, some leaders made excuses to rectify the financial order in eastern Guangdong. Banning underground banks, auditing state-owned assets, etc. As you know, the east of Guangdong is in line with Hong Kong, the economy is the most liberalized, and the currency circulation is quite convenient. If they start to act seriously and act in accordance with the law, I don’t know how many people will be killed Landing. Even our big boss has to play it safe in this situation, and move some of the funds back to make up for the loopholes."
Zhong Shi was stunned when he heard this, and thought to himself, good guy, it turns out that the funds I manage are not their own funds, but borrowed from state-owned funds. No wonder if there is a loss, I have to bear it myself. How dare these guys take state-owned assets to invest in a big way.
But although he was upset, Zhong Shi could do nothing about it. In the end, the value of the state-owned funds was preserved, right?
Looking at Zhong Shi's fluctuating expression, Zheng Xi thought he was scared, and after a chuckle, he comforted Zhong Shi and said, "Zhong Sheng, don't worry. I promise you won't be found. Once it is in place, all the loopholes will be filled, and even if someone with a heart wants to make trouble, they won't come for you."
After chatting for a while, Zheng Xi got up to say goodbye, and walked away with all his entourage proudly, before leaving, he said: "Zhong Sheng, I hope we have the opportunity to cooperate again. "
"Cooperate? Cooperate with your mother!" Zhong Shi cursed secretly in his heart. He was so angry that he didn't know what to say to this kind of behavior.
…
Zheng Xi, who left Tianyu Fund, didn't stay long, and a motorcade rushed to Guangdong East through the cross-sea tunnel. Walking to an intersection in the New Territories, through the brown glass, I saw a long row of trucks parked in the middle of the road. In the front of the traffic flow, there were two cars rear-ending. Two middle-aged people were arguing about something. Several trucks The driver was watching quietly, smoking a cigarette, and did not step forward to dissuade him.
"These people really don't have a sense of public morality, and they don't know how to call a tow truck first. Fortunately, they didn't block my side." Although the scene just passed by, Zheng Xi, who was in a good mood, still saw it clearly. After expressing a lot of emotion in my heart, I hummed a little song and drove into the mountain road, heading north all the way.
Thank you book friend Gambling Ghost, not me for voting for monthly support!
(end of this chapter)
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