Chapter 220: The Whole Family Barrel of Oil
Fan Liancheng's face is not enough for people to risk making mistakes and force him to clear the threshold in the approval activities.
Strictly speaking, it's not that he can't, but the nature of such a thing has changed, Lao Fan has only come out for a few months, Fan Liancheng doesn't want to go to school in this kind of thing, he has been in there a few times, how can he be chic outside.
After getting a negative answer after asking by phone, Fan Liancheng didn't bother to go over to ask for advice in person, and most of the money to buy a house had been taken back from the stock markets in the United States and Hong Kong to comfort himself, not to mention that after the renovation was completed, it was not impossible to take it out to collect rent, and it would make money as well as operating well.
I regret a little that I promised too much when I took over the project and acquired bankrupt peers before, but now I think that I should actually be stronger and use the power at hand to seek some benefits for myself, such as using the approval documents in exchange for Longcheng Group's support for peers and stabilizing real estate.
In this way, the other party has an excuse to help, and he can also sell the Banyan Tree One project to the outside world, so far Fan Liancheng still can't see through the follow-up, what he didn't expect is that due to the sudden change in the wind direction of the real estate industry, this big trouble that gives him a headache will soon take a turn......
As the Olympics approach day by day, Longcheng has already taken more tickets to distribute to the outstanding employees, a few tickets with excellent locations from Wu Anyun's hands, and now they are still lying in Fan Liancheng's desk drawer, and they have already made an appointment with Han Xiaowen to watch the opening ceremony that is said to be extremely grand.
At the end of May, Fan Liancheng made a special trip to participate in the torch relay at the Magic Capital Station, and there are still photos circulating all over the Internet with various texts.
It was just a run with the torch for a while, the symbolic meaning was greater than the feeling at the time, and I ran for a while, mainly to cater to the surrounding reporters to take pictures, and then it was over.
The debate over how much money will cost is still ongoing, but a lot of the money has actually been spent on infrastructure greening and street renovation, the Olympic Village has been made clear that it will be sold to the public after the event, and many other expenses are equivalent to investment to boost the economy and increase employment.
Some companies have made it clear that they want to "recycle the Bird's Nest" after the event, that is, buy it with a total cost of about 3.4 billion yuan, which will be used to collect tickets, hold concerts, hold exhibitions, etc., but it seems that there is no follow-up, and it may just be a gimmick.
However, if a cultural tourism city is built relying on the Bird's Nest, considering its landmark effect is likely to have a market, it is a pity that there is not much available land around, and it is estimated that such projects will not be passed.
Fan Liancheng's thinking is quite independent, standing high and looking far, naturally not like others, and began to prepare to develop the land not far from the Olympic Village in early June, planning to sell the first phase of the project before the heat has dissipated.
A large piece of land, in today's market with limited profits, is similar to other projects, but also with the idea of hoarding land while developing, while recovering funds to reduce risks, in addition to avoiding the promised time limit when acquiring land.
......
Soon after Boss Zheng left, Fan Liancheng took a car to the Houtan Riverside Apartment Project to understand the situation after a short stay in his Fans Holdings, mainly to ask and see, the second phase of the revised plan is under construction, and the entire construction period is expected to last for more than a year.
Only in 2008, most of the residents' houses are still old, the aesthetics have not gone up, the ability to afford the cost of buying a house, the people who move into the new house are a minority after all, from this point of view, the interior decoration is good, enough to satisfy most consumers, it is considered to be in the trendy field - hardcover delivery.
The problem is that in order to pass the approval, the promise will be the new house rented out during the World Expo, a little worried that the floor will be scratched, the furniture will be damaged, there are always some people who can't go up, it's too early to consider these problems, Fan Liancheng can't get the certificate to sell now, the two projects before and after can not return the funds, if not there is a lot of liquidity on hand, it is estimated that it should be as difficult as other developers.
I received a call from Song Fuxiang again, he told him that an evaluation and analysis report had been sent to Fan Liancheng's mailbox, and after a short communication to understand the situation, he finally decided to take out one billion Hong Kong dollars, that is, almost more than 128 million US dollars to short crude oil futures.
The margin is set at 10 percent, which means that the futures position of more than 1 billion US dollars is raised with 10 times leverage, and the starting price of each barrel is about 143 US dollars to 145 US dollars, and the stop loss line is set in advance at 80 million US dollars, so as not to run when I get it, and I still owe Goldman Sachs debts.
After hanging up the phone, Fan Liancheng thought that after all, the money was too easy, and even a business of this scale dared to impulsively enter the market to bet, considering the previous crude oil price, even compared with the beginning of May, when he helped his old classmate Ibn to facilitate the transaction, the increase has been as high as about 30%, it can only be said that the chance of winning the bet is relatively large, but if it rises according to the previous mad bull market, it is likely to break through the stop loss line he set in just a few days.
It is no wonder that people often say that those who dare to speculate in futures are crazy, once they earn extremely high income, once they lose money, they are far more crazy than going to the casino to gamble, at least there are still a number of sitting at the gambling table, some time ago, countless "air forces" thought that the price of crude oil rose to the end, and it was impossible to continue to rise, but the result was that they collapsed one after another, and those bears who dared to raise and try to recover their losses died even worse.
At noon, he made the decision to invest, and soon began to build positions one after another, and when Fan Liancheng looked back in the evening, he felt that it was too risky, and took out another 50 million US dollars to open another hedging position, trying to reduce the risk of huge losses to a certain extent, including airlines, oil giants, and new energy industries into the "oil family bucket", relying on Goldman Sachs as a platform to hastily establish a hedge fund.
In addition, he also made the decision to close 50% of the stock market and cash out and hedge with the oil industry, Fan Liancheng feels that if the oil price really falls, the stock market is likely to recover slightly because of this, and these linkages can be found in the market.
And Fan Liancheng has money to invest, and he does not lack the courage to take risks with money, and after a long absence, he regained the nervousness when he invested in the subprime mortgage family bucket last year, and stayed up until late at night before falling asleep......