63.5 billion total of $48 billion in acquisition cash
After everything was done, Chen Hui left his special desk, and this time it was enough to use $50 billion to go long spot gold and spot silver.
If you have a lot of spot gold, every point fluctuation is $10, and every point fluctuation of spot silver is $50!
The daily trading volume of spot gold is much larger than that of spot silver, so Chen Hui used $35 billion to go long on it.
The plate of spot silver is much smaller than that of spot gold, and the daily trading volume is not as good as that of spot gold, so Chen Hui only used $15 billion to go long on it!
Chen Hui intends to establish millions of long positions in the spot gold and spot silver markets!
Now spot gold is at the 1260.0 position, which represents the price of 1260.0 US dollars / ounce, it fluctuates up and down 10 points, which is the change in the price of 1 US dollar, and the long position of 1 lot of spot gold (XAU/USD) fluctuates by one point is 10 US dollars, and 10 points is 100 US dollars! Chen Hui intends to establish a long position of millions of hands of gold until spot gold rises from the 1260.0 position to 1360.0 above the position and slowly closes the position! As long as the average position is below 1260.0, it will be cool, and then it will be a total profit of more than 1000 points!
Now spot silver is at the 19.50 position, which represents the price of 19.50 US dollars / ounce! 1 lot of spot silver (XAG/USD) long position, up and down fluctuations of 100 points, is the price change of 1 US dollar, a fluctuation of one point is 50 US dollars, a fluctuation of 100 points, is 5000 US dollars, Chen Hui also intends to establish a long position of 1 million hands on spot silver this time, until the spot silver rises above the 22.00 position and then slowly close the position. At least 250 pips of profit at that time!
At present, spot silver is still in a downward trend, Chen Hui plans to go against the trend to build a long position, because a lot of spot silver and spot gold have turned the trend up, but spot gold is one step ahead, and spot silver will follow!
It may be that the account used to operate spot silver will suffer a temporary loss, but Chen Hui is not worried, as long as the position of the account is well controlled!
Today, Chen Hui's private cash flow totals $164.7 billion, of which $100 billion is placed in 50 hedge funds around the world, he previously used $60 billion to short the world's major stock indexes, and now he uses $50 billion to long spot gold and spot silver.
This time he plans to make his money swell again!
At present, his 50 hedge funds have just spent $50 billion, and now he has $50 billion left at his disposal.
"Where is the remaining $50 billion going to go?"
Chen Hui flipped through various trend charts side after side!
At this time, Chen Hui's phone rang, and it was Bittar, who was in charge of the trading department of Standard Chartered Bank, called!
Bitar said excitedly: "Chairman, we have made a profit of $2 billion by shorting Malaysia's broad market index!"
He has a lot of autonomy in trading, and now he has closed his short positions and exited the market, but the Malaysian broader market index is still falling. He is no longer greedy. When he saw it, he took it and used $1 billion to get $2 billion, which is equivalent to a 200% return on this operation, and he used a very heavy position with the support and encouragement of Chen Hui!
"Very good! You did a great job!" Chen Hui praised: "In such a short period of time, you have also made a profit of 2 billion US dollars, and now you will hand over this 3 billion US dollars to Lotter in Malaysia!"
The $4.4 billion in cash that Standard Chartered had previously sold off a lot of Asian assets, plus the $3 billion now, plus the $10.6 billion in cash prepared by Standard Chartered, is now enough to buy banks in Malaysia.
At present, Standard Chartered Bank and the Heung Kong Consortium are not in a hurry to initiate the acquisition, they are in contact with the negotiation, waiting for Malaysia's assets to plummet to a certain point, and then make a move!
The $30 billion cash of the Heung Kong consortium plus the $18 billion cash of Standard Chartered Bank, a total of $48 billion in acquisition cash, belongs to the consortium strength of Chen Hui's side will be in Malaysia, a backward place, a one-time acquisition is enough!
The HSBC consortium and the California consortium will come up with how much, Chen Hui is not very clear at present.
After thinking about it, Chen Hui continued: "Bitar, you also go to Malaysia, and then gather all the traders of the Standard Chartered Bank branch in the world, including the newly trained traders, together with me! Get me a few large trading rooms in Kuala Lumpur!"
Bilta immediately said, "Okay, Chairman, I'll go to Malaysia now!"
Since Chen Hui plans to let Standard Chartered Bank completely entrench itself in Malaysia, it is natural for Standard Chartered Bank to have several large trading rooms in Kuala Lumpur in the future.
Chen Hui has already thought very well, when the assets of Standard Chartered Bank reach the trillion dollar level, Standard Chartered Holding Group will be formed!
Create an investment bank, insurance, mutual funds, securities trading... and many other financial services business in one of the financial groups.
Standard Chartered's main business includes retail banking services such as mortgages, investment services, credit cards and personal loans, etc., and commercial banking services include cash management, trade finance, treasury and custody services. These guys are far from the same thing, and most of them are only in Asia, the Middle East, Africa!
·· Not long after hanging up the phone, the phone in Chen Hui's office rang, it was the manager of the personnel department, and after it was connected.
"Chairman, Mr. Mike Reese is back!"
Chen Hui listened for a while, and immediately said, "Let him come to my office!"
Mike Rees, now the chief executive of commercial banking, used to report directly to the former chief executive of Standard Chartered Bank, Sin Bode, who was ousted from Standard Chartered and prosecuted after the bank changed ownership.
And Mike Rees was originally promoted by Wash Bird, Chen Hui saw that he was very capable, and in the re-election of the board of directors, he let him go, let him continue to be stationed in the London headquarters, but in charge of the European business of Standard Chartered Bank, and the original position remained unchanged.
He has held this position since November 2002 and is also a Director of Standard Chartered Bank.
Like Bill Winters, Chief Executive Officer of Asia, he held various finance positions at Morganel Chase before joining Standard Chartered Bank in 1999 as Global Treasury Chief Financial Officer and Singapore Regional Treasurer, specialising in Southeast Asia Treasury business. Subsequently, he was appointed Head of Global Markets and Chief Executive Officer of Corporate Banking, responsible for all commercial banking products in addition to Global Markets products.
A few minutes later, Mike Reese hurriedly came to Chen Hui's office, calmed his mood, and then said calmly: "Chairman!"
Chen Hui smiled and said, "Mike, sit!"
Mike Rees sat in front of Chen Hui, a little confused, uncomfortable, and guessing Chen Hui's intentions in his heart.
The chairman in front of him was furious on the spot at the shareholders' meeting, and then beat up the major shareholder, and he was shocked at that time.