After the fifteenth day of the first lunar month, the New Year has passed.

During the Spring Festival, the international market was not affected in the slightest, but Chen Qiaoshan had a lot of things delayed, he couldn't stay in Hong Kong for too long, and he definitely had to finish the whole meal before leaving.

The next morning, Chen Qiaoshan went to the IFC again.

There was a communication last night, and when they entered Elliot's office, the first thing the two discussed was asset allocation.

"LME copper has news, there are indeed a large number of short options in the market, you take a look first, if there is no problem, we will follow up immediately. With that, Elliot handed over a stack of papers.

Chen Qiaoshan didn't say much, and signed the authorization agreement casually.

It has been less than ten months since the National Reserve Center suffered a huge loss on the London Gold Exchange, and now it seems that history cannot be changed after all.

This transaction is obviously suspected of digging the corner of the country, if it spreads, it will definitely not be a good reputation, but Chen Qiaoshan does not have any psychological burden, he knows that in addition to the empty orders on the surface, there must be a large number of rat warehouses in the market, and huge losses are inevitable.

Elliot retrieved the signed document and glanced at it carefully.

This is a short-term European-style option in the last three quarters of this year, expiring at the end of the year, involving more than 20 million funds.

In Hong Kong Island, which is full of rich people, dare not do any risk hedging, and take 20 million US dollars to make a unilateral gamble, I am afraid it will be difficult to find out the second, Elliot knows the risk in this transaction, but he also knows Chen Qiaoshan's investment style, once the decision is made, he will never change, but as a private financial adviser, the risk warning obligation must always be fulfilled, he reconfirmed: "Chen, futures copper fell 8% in January, and it is still fluctuating downward in February, you have to consider the transaction risk clearly, is it too late to cancel the order?"

For the option contract of Lme copper, the two have already discussed it, today is just a routine procedure, of course Chen Qiaoshan will not change his mind, he said very easily: "There is nothing to consider, you can do it with confidence." ”

Elliott expected this to be the result, so he only smiled bitterly, took out the next piece of information, and said: "As for the foreign exchange market, the yuan is still strong, and although the United States continues to exert pressure, the Chinese government does not seem to have any intention of liberalizing the exchange rate." ”

In international trade, the exchange rate is an integral part of product pricing, or it can be directly called the adjustment tax on foreign trade transactions, the rise in the exchange rate is in disguise to weaken the market competitiveness of domestic goods, and now the great power game, due to the growing trade deficit, the United States has begun to fight back, the way is very simple and rude, forcing China's currency to upgrade, which is almost a weakened version of the Plaza Accord 20 years ago, of course, China is not Japan.

The game has not yet been decided, which has also brought too much uncertainty to the financial market, such as when Chen Qiaoshan and Ed Norton negotiated the share of QFII, the exchange rate issue is an unavoidable issue.

The foreign exchange market is an existence that is not inferior to the stock market.

Even in 05, the daily foreign exchange turnover in the international market has reached 2 trillion US dollars, which has exceeded China's total GDP for the whole year.

However, due to the fact that free convertibility has not been liberalized, the RMB has not yet been included in several mainstream currency pairs in the market, in other words, the RMB is still the non-mainstream of the foreign exchange market, and this situation will not change in the short term.

It is still some years before it becomes an offshore RMB market, but Hong Kong has already carried out RMB exchange business, although it is impossible to speculate on foreign exchange normally, but it is not impossible to think.

In this era when hedging can cause huge losses to state-owned enterprises, harvesting a wave of IQ tax from time to time is something that many Western financial predators often do, and it is not very difficult to speculate in the foreign exchange market.

Chen Qiaoshan was very cautious about this exchange rate speculation, but fortunately, there was still plenty of time, and there was still a period of time before the appreciation of the RMB, which was enough for him to prepare.

"By the way, what's going on with Sina?" Chen Qiaoshan finally cared about the most urgent thing at the moment.

"Sina's board of directors officially responded yesterday, making it clear that Shanda's entry is not welcome and plans to respond at the right time, which stimulated the stock price to rise all the way, soaring 10% last night alone......"

At this point, Elliot finally relaxed.

In his place, other customers are making investment portfolios, but Chen Qiaoshan has an obvious high-risk preference, whether it is options or futures, they are simple and rude, and if you don't do it, once he is targeted, it is to bet heavily on it, and it is undoubtedly extremely unwise to invest in this way, it is easy to die alone, fortunately, Chen Qiaoshan is lucky, and it is safe for the time being.

But good luck can't last forever, but Elliot doesn't think he can convince Chen Qiaoshan, so he does his duty as a financial advisor as much as possible.

"The M&A war between Sina and Shanda is likely to continue, there are too many uncertainties, should we start reducing our holdings now?"

"Wait, there's no hurry. Chen Qiaoshan was still always calm, and after thinking about it, he asked again: "Do you think it is possible to release the wind in the name of Tsingshan Capital and release our position?"

Elliot asked, "Are you trying to sell to Shanda?"

Chen Qiaoshan said with a smile: "I want to sell it to them, it depends on whether they dare to buy it." ”

Eliot understood what he meant, and now that Shanda and Sina are in a stalemate, no matter which side reacts, it will inevitably cause significant market volatility.

Chen Qiaoshan's doing this is undoubtedly adding fuel to the fire, but it is meaningless, except for allowing Tsingshan Capital to show its muscles a little, it is more likely to make the market react to stress.

"You said that if I flew back to Shanghai, went to Shanda's headquarters, and then put the news on the Internet, will Sina's stock price rise again?" Chen Qiaoshan started to think crookedly.

"Chen, we only have 2% of the shares, Shanda has become the largest shareholder of Sina, unless Sifang Holdings comes forward, it is difficult to attract the attention of investors. Elliot showed no mercy and directly punctured Chen Qiaoshan's plan, Sina is a listed company with a market value of more than one billion US dollars after all, and not everyone is qualified to enter the game.

It was originally a joke, Chen Qiaoshan didn't care too much, but he always had some ideas in his heart, Shanda won one-fifth of Sina's equity for only 200 million US dollars, and his capital was still slightly insufficient in comparison.

If Chen Qiaoshan is a little stronger, even if he can't win Sina's board of directors, he can take advantage of the situation to become a major shareholder, and it will still be profitable in the middle.

……

After processing a few contracts, the two did not delay and drove directly to Gofu Mountain.

There are many hills in Hong Kong, and the Goufu Hill is only a five-kilometer drive from Central, the mountain is not high, and the Ling Xiao Pavilion in the distance is almost flush with it, just blocking the Taiping Mountain.

When he arrived at the place, Chen Qiaoshan understood why Elliot would try his best to recommend this mansion.

The house is located at the top of Mount Gefu, built next to the cliff, not far from Lamma Island and the South China Sea.

At just one glance, Chen Qiaoshan was a little distracted, facing the sea and blooming in spring, which was exactly what he couldn't ask for in his previous life.

Looking at the scene in front of him, he finally had a realization in his heart, no wonder everyone likes money, even if it is a literary and artistic youth, a poetic life also needs money to pile up, just this house, not half a billion, absolutely can't talk about it.

Noticing Chen Qiaoshan's expression, Elliot knew it, and he didn't urge it, but let Chen Qiaoshan look at the sea there.

After a long time, Elliot asked, "Chen, are you still satisfied?"

"Not bad. Chen Qiaoshan does not hide his true intentions, although he has not seen the layout of the house, but with this excellent geographical location, he will not let it go, as for money, it is now secondary.

Half a billion is almost equivalent to one-tenth of Chen Qiaoshan's net worth, and investing a large amount of money in real estate is obviously a bit cost-effective, but he still decided to buy it, and the money he earns is used to spend it, and it is not a problem to occasionally arbitrarily do both.