Chapter 25 Officially Entering New York Gold Futures
On the afternoon of the second day after returning to Hong Kong, Andrew went to the office on the top floor of the Pan Asia Building and found the work report sent back by the investigators who had left for the Bahamas in advance.
A large stack of island expedition report information:
The first was to consult with the Government of The Bahamas on its attitude and policy towards the private purchase of freehold islands. The report shows that the Government of the Bahamas has been enthusiastic and positive about the private purchase of freehold islands. As a matter of policy, private purchases of islands with freehold property rights have legal effect.
The second is the catalogue and price list of the islands issued by the Government of The Bahamas that allow for the sale of freehold.
The third item is the basic information of the 19 islands with freehold property rights that the investigators selected according to the island information provided by the Bahamas government.
1. Description of the island's topography and surrounding situation and photos.
2. Introduce and take photos of the vegetation and animals growing on the island.
3. Preliminary hydrological introduction and sketch map of the island periphery.
After going through the report of the expedition, Andrew went back to find the island atlas and price list of the 19 islands he focused on. According to the introduction of these island atlases, the largest of the 19 islands to be examined is 150 acres, and the smallest is 20 acres.
The sale price of 19 islands, the largest is Musa Island, which covers 150 acres and sells for $9 million. The smallest island, Naiga, is 20 acres and sells for $1.5 million.
Andrew counted the total sale price of the 19 islands he searched, totaling $73 million.
Although Andrew would love to buy all 19 islands together. But now investing in gold futures in New York is imminent, and the capital turnover is tight. I had to take a step back, among the 19 islands, investigate and screen again, select a few islands with the best conditions, buy them, and keep the investigation materials for later.
After the purchase strategy of the islands was decided, Andrew informed the originally planned second group of island expeditions. In accordance with Andrew's purchase strategy, he rushed to the Bahamas to focus on the 19 islands listed.
The second batch of island investigation strategies and personnel were arranged and explained, and the company's end time was approaching. Andrew read the materials for a long time and felt a little tired, so he went back to rest first.
The next morning, Andrew came to Mr. Henry to learn about the progress of the fundraising he had arranged before his last departure.
Mr. Henry, who had been prepared for a long time, reported to Andrew on the progress of fundraising in the past week, and the specific fundraising statistics are as follows:
The stock funds of each subsidiary company were raised, totaling 60 million Hong Kong dollars. Among them, the customers of financial deposit companies deposited 29 million Hong Kong dollars last month and withdrew 13 million Hong Kong dollars from the stock market. Chenggong Securities' own funds were 6 million Hong Kong dollars, and it withdrew 12 million Hong Kong dollars from the stock market. It is expected that by the end of this month, the funds raised will be around 80 million Hong Kong dollars.
The mortgage loan of HK$800 million applied to HSBC has entered the final review and is expected to be funded in three more days by the end of this month.
Andrew's stock account withdrew HK$30 million from the stock market. By the end of this month, it was able to withdraw 50 million Hong Kong dollars.
At the end of this month, a total of 930 million Hong Kong dollars can be used, of which 100 million Hong Kong dollars will be remitted to HSBC Successful Investment Fund Company.
Andrew learned from Henry's fundraising statistics that at the beginning of next month, he could use 830 million Hong Kong dollars, about 150 million US dollars, to invest in New York gold futures.
Andrew has some ideas about how to invest the money. The $150 million will be divided into two parts, and the funds that will be withdrawn from the Hong Kong stock market in the future will also be distributed in this proportion.
The main consideration is that the trading method of gold futures contracts is different from the trading method of the real gold market, but it is a bit similar to the trading method of stocks. It is still very necessary to prepare both light and dark.
$100 million will be invested in gold futures in New York in the name of Success Investments.
Another $50 million will be diversified into the gold futures exchange in New York through different futures companies in the name of offshore shadow investment companies registered in tax havens.
This time to do gold futures, Andrew's plan is to go short first and buy short orders. The short deadline is set at the end of June next year.
On October 30, HSBC's one-year mortgage loan of HK$800 million, funds were in place, and HK$100 million was transferred to HSBC Success Investment Fund Company. Shen Bi's HK$100 million investment assessment funds were also in place at the same time.
HSBC successfully invested in the first business of the fund company, a self-operated closed-end investment fund, and the preliminary preparation was completed. Next, from November 1, it will move to New York and officially invest in gold futures in New York with the fund account of HSBC Successful Investment Fund.
As for another open-ended investment fund set up by HSBC Success Investment Fund, it will also be officially operated from November 1, and the scale of the open-end investment fund is tentatively set at HK$200 million.
In the final meeting, Shen Bi talked about the investment trends of rival Charlie, and he and Hongkong Land's Niu Bijian were discussing joint investment. As for the investment trend of Shen Bi's rival Charlie, Andrew did not care at the time. I didn't expect that in the future gold futures trading, I would be strongly sniped by them.
It was Shen Bi who talked about Senior Sister Catherine, which attracted Andrew's attention. Catherine resigned from her position as a lecturer at the University of Hong Kong last week to start a weekly news weekly. The weekly magazine is called "Lookout".
Shen Bi noticed that when talking about Catherine, Andrew was obviously a little strange. But thinking of Andrew and Catherine's last contact with the sea, and then contacting Andrew's strangeness now, there seems to be a bit of a story in this!
Shen Bi couldn't help but start gossiping, remembering some rumors about the ambiguous relationship between Andrew and Catherine. jokingly said to Andrew: "Catherine's decision to resign and start a business in the sea has something to do with you, don't you know?"
Andrew was shocked and said, "How is it possible, since the last time I came back from the sea, I went to New York, went back to Hong Kong for a day, and then went back to London. We have not been in touch at all during this time. She resigned to start a business in the sea, how could it have anything to do with me?
Seeing Andrew's shocked expression and words, Shen Bi let go of his gossip heart. Say: The rumors outside are not credible, so you don't have to care. But Catherine is a good girl, she's just started a weekly, and if we can help, we're all alumni, after all.
Andrew: Help, of course. However, I'm flying to New York tomorrow, and I won't be able to separate myself anytime soon. Catherine's situation, you should pay more attention to the trouble, and if there is anything difficult to do, let me know at that time.
Shen Bi: Okay, in the near future, you should concentrate on the affairs of gold futures. I'll keep an eye on Hong Kong's affairs.
Although Andrew's heart was a little worried about hearing about Catherine's recent situation from Shen Bi, Andrew still didn't think about the decision to deal with his feelings, so he had to just drag it out and deal with it coldly.
The next afternoon, Andrew arranged for Henry to take care of the transfer of funds. He flew to New York and officially launched the plan to invest in gold futures.
On November 1, Andrew arrived in New York.
In the afternoon, at the New York New Company Residency, a successful investment company, Andrew summoned all the operating and trading personnel of the company involved in the gold futures market.
First, Andrew declared the discipline of the people involved in the gold futures and signed a confidentiality agreement.
After that, the general direction of this gold futures was clarified: it was bearish, and the short order was purchased. The time period is until June next year. Mainly on the medium and long lines.
Then, Andrew arranged for the allocation of personnel, a group responsible for the successful investment companies and fund houses in the operation of gold futures transactions. The second group is responsible for the operation and trading of gold futures of 10 offshore companies designated by Andrew.
Before the formal operation of the transaction, Andrew asked the two groups of personnel to formulate a corresponding operation plan in the morning according to the direction and deadline he gave him. Submit it to him for review. In the afternoon, Andrew separately looked at the operation plan provided by the two groups of people, and it was generally feasible.
However, when the first formal operation of the transaction plan is formulated, it is inevitable that there will be details that cannot be considered.
Recruiting a group of operators, Andrew pointed out that a set of operating plans, in terms of the price selection of hanging orders, was too idealistic, and only set the price of the best hanging order. There is no consideration for the price shock when the trading is intense, when the large funds are operating.
If only one file is set up, a big single is smashed, and the original best hanging price is immediately overwhelmed, and the transaction will not be completed. At the very least, it is necessary to take into account the price of the three listed files, and then decide on the price of several files depending on the market trading situation to ensure the transaction rate.
確認完一組操作計劃方案。 Andrew recruits the second group of operators to be staff, and the operational strategy in the second group of the operation plan is a problem, and the finger point is out.
The second group is the secret hand of Andrew's arrangement, and the operational strategy should be concealed as much as possible and cannot be exaggerated. It is necessary to open a futures account at a different futures company, and the entry listing order should be based on small orders. 10 accounts are operated in turns.
安排完善了兩組操作計劃方案。 Let each of them be ready according to their plans, and from tomorrow onwards, they will officially enter the gold futures trade.
After that, Andrew contacted Edward, the manager of Citi's gold futures business, and asked them to make the corresponding preparations and enter the transaction tomorrow.
PS: Dear book friends, please collect, ask for recommendations!