Chapter 513: $1.73 Billion (Third Update)
"Xiao Liu, Dashan, what do you think of this plan proposed by Zhang Chen?" Yang Zhuping tapped his fingers lightly on the table, staring at the two generals in front of him.
Liu Yunkai and Shang Dashan secretly glanced at each other, and Liu Yunkai coughed lightly: "Leader, I'll talk about it first." β
Yang Zhuping nodded slightly, and Liu Yunkai said cautiously: "Whether to transform Hua'an into a sovereign wealth fund, this director of the commercial bureau has more right to speak, and I only consider this issue from the perspective of the possible attack on Xiangjiang." From the perspective of the scheme, I think this scheme is indeed operable, and I also asked several experts and scholars from the National People's Congress and Peking University to verify the model design in the scheme. If this plan is implemented, the probability of beating international speculators is greater than 90 percent, and the risk is indeed controllable,"
"But I also have certain concerns, that is, whether to give Zhang Chen full authority to command this battle. After all, he has just come of age now, not yet nineteen years old, too young. If there is a problem, the pressure on the decision-making level will be greater. β
Yang Zhu was expressionless, "Dashan, what do you think?"
Shang Dashan is the leader of the State Administration of Foreign Exchange, but also the Department of Tsinghua University, although he is an engineering student, but also engaged in financial work for more than 10 years, can be regarded as a doer, since he is the title of vice president of the RM Bank and the head of the State Administration of Foreign Exchange, Huaxia's foreign exchange reserve management level has reached a new level.
Not only that, Shang Dashan is also responsible for the disposal of non-performing assets of enterprises and the supervision and disposal of non-performing loans of various banks in the RM banking system, which has achieved remarkable results.
Shang Dashan heard Yang Zhuping's inquiry and thought for a while: "In fact, when the State Administration of Foreign Exchange established Hua'an, it did have preparations in this regard, but it was just that it planned to come step by step, hoping to go more solidly. But now that the Hong Kong form is in danger, it is not impossible to take this opportunity to get the sovereign fund up. β
Yang Zhuping nodded slightly: "In other words, you also agree to this plan?"
Shang Dashan nodded and shook his head: "Yes and no, I agree with part of this plan, but I still think that no matter how experienced Zhang Chen is and what kind of genius he is, it is too reckless to hand over tens of billions of dollars of foreign exchange reserves to him for full operation." Although according to current estimates, even if it loses, it may only lose about one billion dollars. But $1 billion is already a lot of money, and our national investment in basic education last year was only a little more than that. β
Yang Zhuping leaned forward slightly: "In other words, you don't agree with Zhang Chen's trading?"
Shang Dashan is stable: "If the State Administration of Foreign Exchange finds someone to operate, if there is a problem, at least someone can be found, and let Zhang Chen operate, although I admit that the chance of winning is greater, but the market is changing rapidly, in case of loss, who will take responsibility? This is a question." As for the position of director he wants, he can give it to him, after all, it is not easy to come up with this plan. β
Yang Zhuping knows that as a subordinate institution of RM Bank, it is normal for the State Administration of Foreign Exchange to not want others to reach out to their own territory. But now the situation is special, and it can even be said that it is a critical moment for survival, and at such a time, if the State Administration of Foreign Exchange still adheres to the view of the door and does not actively cooperate, it is really too ignorant.
Besides, if the State Administration of Foreign Exchange can come up with a better plan and find someone more suitable for trading, it will be fine, but now Shang Dashan has admitted that the probability of Zhang Chen's operation is greater than that of the State Administration of Foreign Exchange, and it is too unreasonable to insist on this idea.
Yang Zhuping smiled: "You may not know, Zhang Chen once told me that he was willing to sign a contract with Huaan, and two months later, that is, on September 30, if Huaan has no profit or loss, as long as it is within one billion dollars, all losses will be borne by him personally." β
Shang Dashan didn't know the details of Zhang Chen's situation, and was stunned when he heard this: "He bears the loss of the limit of one billion dollars? How can he bear it? This is one billion dollars! When it is converted into Huaxia currency, it is close to 10 billion, what guarantee does he have?"
Yang Zhuping said with a smile: "Don't say it, he really took it out, you can find Xiao Liu to understand it later." β
After this meeting, which was not a meeting, Liu Yunkai and Shang Dashan left Yang Zhuping's office one after the other, and Liu Yunkai suddenly slapped his head: "Look at my memory, I originally had to report some work to Mr. Yang, the president of the commercial bank, you go first, I'll go back and say." β
Liu Yunkai hurriedly returned to Yang Zhuping's office, "Leader, there is something about Zhang Chen that I don't know if I should report to you." β
Yang Zhuping had just put on his clothes and wanted to go downstairs to eat in the cafeteria, when he saw Liu Yunkai walk in, and told him to report some of Zhang Chen's situation, and sat down again.
"Hmmm... Zhang Chen's girlfriend's surname is Tang, and her name is Tang Miaomiao. I checked, her mother is Song Yuxiang, and her father is Tang Liansong. And Song Yuxiang is the daughter of Song Zhaoming and Song Lao. β
Xiangjiang, 12 Baijia Road on the Peak.
"OK, you can close the position below 1600, pay attention to the speed of shipment, and reduce the impact on the market. Zhang Chen typed such a line on the internal communication software.
On July 17, 1997, Zhang Chen officially issued an order to close the position and settle the settlement, and not surprisingly, Zhang Chen would buy 4 trillion won with US dollars at an exchange rate of less than 1,600:1 and return it to major Korean banks and financial institutions.
Some of these banks and financial institutions have failed...
If the transaction can be made at this price, Zhang Chen will make a net profit of $1.73 billion!
Since it is a net profit, it has already removed the $87 million bonus and $36 million in operating costs to be given to the team, and if these are also counted, the profit of Tinder Source is close to $2 billion!
As for whether it can be traded at this priceγγγγγγ
With the current economic situation of Goryeo, I am afraid that Zhang Chen's 4 trillion won payment will stop falling for a day or two at most, and it will not play a big role.
The exchange rate of 1600 has reached the price in Zhang Chen's heart, although it may fall again after waiting for a while, and it can be more profitable, but after all, there are many dreams at night, there is no need to take this risk, and it is the king to close the position and transfer the front as soon as possible.
$1.73 billion, the people of Korea are so hospitable and generous.
In the previous stage, Ebay was listed, and Tinder did not cash out, and now it still holds 12% of Ebay's shares, according to the current market value of Ebay of 2.7 billion US dollars, ebay can contribute more than 300 million US dollars to Zhang Chen's net worth.
The same as ebay is Amazon, these two e-commerce stocks have risen crazy in the past two months, ebay is okay, it has just been listed, and Amazon, in just three months, has risen from a market value of $700 million to $3.2 billion, which is 500 million higher than eBay, and similarly, Amazon also contributed $500 million to Zhang Chen's net worth.
This is not counting double click, which has begun to do roadshows on the NASDAQ, and Starcom, which is doing issuance bidding, of which Starcom's current valuation has reached $800 million, and if it is 10 times PE, the market value of Starcom after listing is close to $8 billion, and if the performance is better, it is not surprising to break through $10 billion.
I have to say that Starcom's valuation is much higher than that of the PHS professional in the previous life, which is also because under the influence of Zhang Chen, Starcom has also invested a lot in the field of switches and other communication equipment, and has successfully entered the two major markets of Huaxia program-controlled exchange and data exchange, with a performance growth rate leading the whole industry, and faintly has the momentum of Huaxia's domestic communication equipment boss.
In this way, coupled with the $1.73 billion in cash that Zhang Chen currently has, Zhang Chen's net worth has exceeded $7 billion! If someone ranks Zhang Chen on the world's richest list, Zhang Chen's current assets can also rank in the top 50.
The real super-rich!
(End of chapter)