Chapter 0159 - Shocking Operation

Hang Seng's HK$16 million loan was in place that afternoon, and Zhang Heng immediately sold the corresponding US dollar at 10 times the margin through Hang Seng's foreign exchange trading seat, with an exchange rate of 5.65 (Hong Kong dollar against US dollar).

This equates to a short sale of $28 million.

He Shanheng and Li Guowei were not optimistic about Zhang Heng's short-term speculation that lasted for only one month, and agreed that Xiao Zhang Sheng was too casual and confident.

This speculation is not a loss, but the transaction fees and commissions of the two transactions before and after are lost, which is also a small amount of 300,000 US dollars, which is by no means a small number.

The Hong Kong dollar was originally pegged to the British pound, but after the war, the British economic strength continued to weaken, and the pound continued to depreciate, which affected the stability of the Hong Kong dollar and thus the Hong Kong economy.

In June '72, the pound finally couldn't hold on to choose free floating, and the Hong Kong government took advantage of the situation to announce that the Hong Kong dollar was pegged to the US dollar, with a fixed exchange rate of 5.65.

It has been more than seven months since this exchange rate was implemented, is it possible for the Hong Kong government to suddenly adjust it within a month?

As one of the top 10 banks in Hong Kong, Hang Seng has not received any disturbances at least.

The two discussed for a long time in He Shanheng's chairman's office, and He Shanheng still dialed Shaya's phone, Zhang Heng was introduced to him by Shaya, and HSBC is a major shareholder of Hang Seng, whether it is public or private, it is necessary to make a report.

Unexpectedly, after listening to He Shanheng's detailed report, Shaya was silent for a while before telling him to wait and see what happened.

"Wait and see?" hung up the phone, He Shanheng muttered.

Li Guowei's face suddenly changed: "He Dong, we?"

He Shanheng pondered solemnly for a long time, shook his head and said: "Forget it, this kind of speculation is not suitable for us to do, it is easy to be caught by others, besides, it is still uncertain how it is, and we don't need to take this risk." ”

"I'm really curious how Xiao Zhang Sheng can make such a firm operation?" Li Guowei sighed.

"Maybe he got some news from his trip to the United States this time. He Shanheng thought for a while, and the two were silent.

Perhaps this trip to the United States gave him some inspiration. In the HSBC Taipan office, Shaya shook her head.

As the eldest of the three major note-issuing banks in Hong Kong, HSBC is in a position similar to the central bank of the British authorities in Hong Kong, and has been deeply involved in the formulation of financial and economic policies in Hong Kong, including the exchange rate.

The Deputy Chairman of the Advisory Board of the Financial Secretary of Hong Kong, which is basically a position that every HSBC senior will take on.

Just this morning, Shaya received a phone call from the current Financial Secretary, Mr Hart Ting Kei, informing him that the Financial Secretary would convene a high-level meeting next Monday, and asked him to take time to attend.

Xia Dingji did not disclose the theme of the meeting on the phone, and it can be seen that it is very sensitive and important, and Shaya faintly judged that the meeting was not about the stock market or the exchange rate, which has been a headache for Hong Kong Governor MacLehose since the second half of last year.

The depreciation of the dollar and the crazy stock market are not good things for the Hong Kong economy, perhaps MacLehose and Xia Dingji have already made a choice.

On Daheng's side, although the senior management was worried about Zhang Heng's speculative actions, Hang Seng also issued a letter of credit for Daheng with a maturity payment of one million US dollars, and the payment for the purchase of components from Intel was resolved, and everyone could only wait and see what happened.

A new batch of components soon arrived by air parcels, and the Daheng Technology Arcade Factory was fully operational.

On the morning of February 14, Zhang Heng walked into the office, and before he could look through the newspaper he bought, the phone rang urgently.

"Zhang Dong, have you read today's newspaper?" Li Guowei's voice trembled a little on the phone.

"I just got to the office, and I haven't yet. Zhang Heng raised his eyebrows, thinking of something.

"The Hong Kong government announced the adjustment of the exchange rate in the early morning!" The senior management of Hang Seng was notified in the early morning, Li Guowei did not know Zhang Heng's home phone, otherwise he would be notified overnight.

[The Financial Secretary raised the exchange rate overnight, pointing at the overheated stock market and housing market].

Zhang Heng happened to turn to the front page of "Industrial and Commercial Daily", scanned the article at random, and said with a smile: "Then I am making money?"

"Of course, you made a lot of money, the exchange rate when you sold the dollar was 5.65, and today's exchange rate is 5.085, deducting all expenses, you made about 2.8 million US dollars, and the principal has almost doubled!" Li Guowei sighed, "It only took ten days." ”

"It's a month. Zhang Heng glanced at the date and said with a smile, "By the way, after this contract expires, I want to do gold futures again, I don't know if Hang Seng will accept orders?"

More than an hour later, Li Guowei rushed to Daheng out of breath, and looked at Zhang Heng with a look of shock.

You have made a lot of money in this round of exchange rate futures, but you still want to get involved in the extremely risky gold futures, are you so confident that good luck will always be with you?

Thinking of He Shanheng's surprise before departure, and looking at Zhang Heng who was talking eloquently in front of him, Li Guowei was speechless in his heart.

Zhang Hengke doesn't care what the general manager of Hang Seng in front of him thinks, if it weren't for the fact that Hang Seng would supervise this fund, the Doirvin Investment Company in Los Angeles would be the best choice for this round of additional gold speculation, hidden and low-key.

He made a request to Hang Seng to design a gold speculation plan for three months with the principal and profits he was about to recover, and the requirement was to be able to withstand the market risk of a maximum decline of 5%.

After cautiously reminding, Li Guowei, a futures expert, quickly gave a plan: with a total amount of 30 million Hong Kong dollars, about 5.9 million US dollars, he took out 2.45 million US dollars to buy 3,500 COMEX gold futures expiring in June at ten times the margin market price.

Zhang Heng is actually not satisfied with this plan, Hang Seng only gives ten times leverage, resulting in a very low number of contracts purchased, you must know that last month in Los Angeles, he only invested 400,000 US dollars, and bought 1,000 of the same contract.

He understands Hang Seng's approach, which is actually for his good, the higher the investment amount, the higher the margin required to cope with sudden changes in the market, if the leverage is too high, once the gold price suddenly falls in the short term, it is easy to liquidate.

Futures investment is not to know a starting point, an end point, if there is a repetition in the middle, it is easy to turn over halfway.

Although he knows the general trend of gold, it is impossible to understand the daily trend, maybe one day there will be an inexplicable plunge, then he will cry without tears.

Putting away the entrustment contract signed by Zhang Heng, with a stomach full of shock and doubt, Li Guowei said goodbye, and Zhang Heng sent him back to the chair, breathing a long sigh of relief.

In this way, the acquisition of Mirohua and the participation in the filming of "Jaws" will not be a problem.

Of course, the oil crisis at the end of the year is also a major opportunity, but it is better not to know how to operate it for the time being, so let's plan carefully.

He flipped through the newspaper casually and was quickly attracted by another piece of news in the Industrial and Commercial Daily.

[Xiangjiang Antenna was officially delisted, and the Chen family was in turmoil]

"Here's the opportunity!" Zhang Heng squinted and smiled.

PS: Thank you to my friend [2018....0269] for the monthly pass, and thank you to a few friends for their concern for me, the long-term irregular work and rest and frequent supper have caused chronic ulcers, and I will pay attention to it in the future.

Set a small goal first, such as 1 second to remember: Book Keju mobile version reading website: