Chapter 570: A Huge Deficit (Seeking Completeness)
(Confused for a while, the name of the last chapter was written incorrectly, the president of Hang Lung Bank is Zhuang Rongkun, which has been modified, please forgive me)
After Lu Yuesong left, Zhuang Rongkun, who was in a bad mood, always felt that something was wrong, he thought for a moment with his hands behind his back, and suddenly asked: "How many holes are there in gold futures now?"
Zhao Quanhao's expression froze, and the number that kept him awake all night for months came to mind, and he replied truthfully: "There are still 178,000 ounces of holes that have not been filled." ”
"Our bank has sold a total of 354,000 ounces of gold futures contracts, and now it has purchased 176,000 ounces, and if Lu Yuesong's 10,000-ounce contract is delivered, there will only be 166,000 ounces of contracts left in hand. ”
"178,000 ounces of holes?"
This figure made Zhuang Rongkun's face very ugly, and he also knew what the reason was in the past two months, that is, he had embezzled the money from customers to buy gold futures contracts, and did not buy the same amount of London gold contracts in time.
Originally, the money was in the hands of their bank, how to operate was their business, and there were generally no problems, and similar things were not done before, and many banks had this situation, as long as they went back to the back.
What's more, Hang Lung Bank, their dealer holds 80% of the shares, and other shareholders can't interfere with them at all.
It's just that who knows that the sudden change in the international situation led to a sharp rise in the international gold price, because the loan of 500 million yuan was given to Jiuding Real Estate Group, which caused the bank to be tight, so it did not have time to make up the London gold contract in time.
After that, the international gold price soared, and he squeezed out 190 million Hong Kong dollars again to make up the London gold contract, but only bought 115,000 ounces.
If the 190 million Hong Kong dollars were to buy the London gold contract replenishment at the beginning, it would be enough for 169,000 ounces.
However, the international gold price rose higher and higher, and Zhuang Rongkun couldn't take out so much money to replenish the stock, even if he took it out, he was resistant to replenish the stock, but instead held a fluke mentality and looked forward to the international gold price plummeting at that time, and then replenished at a low price.
Anyway, Hang Lung Bank already has more than 100,000 ounces of gold futures contracts, and has bought more than half of the total sales volume, and he doesn't believe that more than half of its customers will deliver gold futures at the same time period.
Just thinking that a large number of gold futures contracts came out in a close time period, Zhuang Rongkun was very uneasy in his heart, he had been worried before, but he slowly ignored it when he didn't see any movement, but he didn't expect someone to suddenly come out and deliver it today.
Just hope it's just an accident!
He was apprehensive and asked Zhao Quanhao: "What is the international gold price now? How much does a hole of less than 178,000 ounces cost?"
Zhao Quanhao replied with a trembling voice: "Yesterday, the price of gold in London was about 512 US dollars per ounce, and it will cost 91 million US dollars, that is, about 420 million Hong Kong dollars. ”
"How much?"
"420 million?!"
After Zhuang Rongkun was shocked, he fell silent, and after calculating the original payment of gold futures, his face became very ugly.
"So we have lost 300 million yuan in the gold futures business?"
Facing Zhuang Rongkun's questioning, Zhao Quanhao sweated like rain but hung his head and didn't dare to say anything.
Although the source of this reason is Zhuang Rongkun's misappropriation of funds, Zhuang Rongkun is the president, and as a subordinate, if he refutes it, it is his own fault no matter what.
Anyway, the bank is not his, he better bow his head and remain silent, the big deal will be scolded, and the patience will pass.
The more Zhuang Rongkun thought about it, the more his heart trembled, a loss of 300 million! How should this hole be filled!
And if the international gold price continues to rise, this pit will be more than 300 million, it will be higher and higher!
As the president of the bank, he is very aware of the current situation of Hang Lung Bank, not to mention 300 million Hong Kong dollars, after paying Lu Yuesong's 23.35 million, the liquidity is now only 120 million Hong Kong dollars, which is not enough to fill the loss hole of 300 million.
As for the current gap of 420 million in gold futures, it is impossible to fill it!
If all the gold futures contracts of Hang Lung Bank are to be delivered, Hang Lung Bank will sell the 176,000 ounces of contracts it holds, and then give another 420 million to customers, and he will not be able to take it out!
What a big thunder!
No way!
This news must not be allowed to leak out, otherwise it will definitely make customers who buy gold futures rush to deliver, then Hang Lung Bank will be unlucky!
The most important thing now is time, there is enough time for him to raise funds, increase his ability to resist risks, and then do the accounting step by step, and finally fill the hole and eliminate the turmoil silently.
Zhuang Rongkun thought about it and thought of a way.
But this has to shut up one person.
Thinking of this, Zhuang Rongkun looked at Zhao Quanhao with a faint gaze, and saw that the latter's heart was furious.
"Xiao Zhao, keep your mouth tight, this matter must not be known to others anymore, do you understand?"
Zhuang Rongkun's eyes were like knives, and he said sternly.
Zhao Quanhao nodded like pounding garlic and promised: "President, I promise to keep my mouth shut!"
"Hmm!"
"Keep busy, report to me as soon as you have any situation!"
Zhuang Rongkun bowed slightly.
"Yes!"
Zhao Quanhao raised his head and answered loudly, secretly relieved in his heart, this pass has finally passed.
It's just that Zhuang Rongkun and Zhao Quanhao are still too lucky, or self-deception.
Not long after Lu Yuesong left, Zhao Quanhao reported that the office had not finished a cup of tea, and another major customer came to deliver gold futures, this time with a larger volume, reaching 12,000 ounces and the current price of more than 28 million Hong Kong dollars.
Zhao Quanhao panicked suddenly, and immediately reported to Zhuang Rongkun after stabilizing the comer.
Zhuang Rongkun was also shocked after getting the news, and a dark cloud quickly formed in his heart, and his intuition told him that it was going to be bad!
But he still had a fluke mentality, trying to cover the lid of the pot first, to buy time to raise funds, so in the face of the demand of a large customer to deliver the gold, although it delayed the time, but finally agreed to deliver.
On the other hand, he immediately asked Zhao Quanhao to arrange to find a seller for the 176,000 ounces of London gold futures contract that he held, now worth 414.5 million.
Raising HK$414.5 million first, and then being able to cope with half of the gold futures contracts will definitely be able to dispel the doubts of gold customers, and then operate slowly.
Of course, there is another possibility that Zhuang Rongkun didn't dare to think about it, and he didn't want to think about it, so he could only pray secretly.
It's a pity that the nightmare is coming, and in the next two days, Zhuang Rongkun experienced the thrill of riding a roller coaster.
One by one, the customers who came to deliver gold futures were emptied of Hang Lung's $120 million in cash.
Just when he was anxious, the 176,000-ounce London gold futures contract he held was eaten, and Hang Lung Bank received more than 400 million in cash, and he was finally able to breathe a sigh of relief.
However, in the face of a steady stream of large customers holding large gold futures orders and contracts for delivery, Zhuang Rongkun could only bear huge pressure while smiling and persuading each other, trying to dispel the delivery ideas of large customers.
But without exception, they all failed, and in the end they could only grit their teeth and give money.
Liu Tianci made a move, so naturally it was impossible to target Hang Lung Bank, and K. Wah Bank, which is not far from the headquarters of Hang Lung Bank, was also facing the same situation.
With the fall of one son, two well-known banks in Xiangjiang fell into an embarrassment.
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