944 clearance, terrifying idle funds
In the evening, a helicopter flew in Temasek Building, and soon a middle-aged man came out of the helicopter, and he hurriedly went to the chairman's office with a briefcase.
After seeing Chen Hui, he hurriedly said, "Chairman!"
Now the chairman of Standard Chartered suddenly ordered him to come back, and he didn't know what the arrangements were.
Chen Hui on the boss's chair slowly turned around and said lightly: "Well, sit down!"
This middle-aged man's name is Lian Wenhui, he is from the Lian family, and he is a distant cousin of Lian Zhongcheng of the Asia Foundation!
Previously, the Lien family sold 5% of UOB's shares to Chen Hui as soon as it opened, and took refuge in Chen Hui early, while Lien Chung Seng has stepped down from parliament and is currently in charge of the Asia Foundation!
Previously, Chen Hui personally invested 400 million US dollars as the initial operating capital of the Asia Foundation, and now Lian Zhongcheng has relied on his relationship in the charity enclosure to make the Asia Foundation prosperous!
Not only the wealthy in the Chen Hui consortium, but also the executives found Lian Zhongcheng, but also the wealthy people from all over Southeast Asia also found Lian Zhongcheng and joined the Asia Foundation to do charity, of course, most of the purpose is to avoid taxes.
The Lien family has also become one of the wealthy family members of the Chen Hui consortium, and now that Standard Chartered Bank has annexed UOB and become a bank holding company (Standard Chartered Group), it is time for the Lien family to reap the rewards.
Lian Wenhui hurriedly sat down respectfully, and then the two chatted slowly.
Chen Hui looked at Lian Wenhui a little restrained, so he said, "You don't have to be too restrained in front of me!" Chen Hui clapped his hands and asked people to serve tea.
After Lian Wenhui drank some tea, she also let go a lot!
Chen Hui also appreciates it.
In addition, Lian Wenhui's ability is also good, allowing UOB (Building) to further expand its business in the areas of corporate banking, commercial banking and personal financial services on the basis of the bank's original advantages, which Chen Hui is very satisfied with.
Lian Wenhui graduated from Nanyang Technological University in Singapore with a Master of Business Administration and a Bachelor of Engineering. He joined UOB on 1 July 2013 and was appointed President and Chief Executive Officer of UOB (Tower) Limited on 17 September 2013.
The former UOB has branches in nine cities in the building, and since the establishment of Standard Chartered, the former DBS Bank and the former UOB executives have been temporarily in charge of their own areas.
Therefore, Lian Wenhui is only in charge of the branches of Standard Chartered Group in the nine cities of the building.
This time, Chen Hui asked Lian Wenhui to come back, just to promote him!
Prior to joining UOB (Tower), Lien spent 18 years at Standard Chartered Bank, where she held senior management positions in business units and risk management. Lien started her banking career at UOB in 1989 and then spent a brief stint at Citibank before joining Standard Chartered Bank in 1995. Prior to leaving Standard Chartered Bank, Lien was the General Manager and Co-President of Corporate Banking, where he was responsible for developing the building's corporate and institutional client business and formulating customer relationship strategies. Prior to joining the building, Lian was also the Regional Head of Standard Chartered's Local Corporate Business for Southeast Asia.
In 2003, he was the Head of Credit Approval at Standard Chartered Bank in Singapore and subsequently promoted to Head of Credit Approval for South East Asia and Head of International Commercial Real Estate
At the beginning of 2007, Lian Wenhui was appointed as the Vice President and Executive Director in charge of corporate banking business of Building Bohai Bank.
It can be described as a rich resume!
The previous CEO of Standard Chartered Bank was Zhang Xiaolei, and Lian Wenhui·· and others' immediate boss, Chen Hui later let Zhang Xiaolei enter the board of directors of Standard Chartered Group as an executive director, and concurrently serve as the vice president of Standard Chartered Group Asia and the global vice president of Standard Chartered Group!
So the position of CEO of the Standard Chartered Bank Building District is vacant!
This time, Lian Wenhui of the Lian family was promoted to sit in this position!
When Lian Wenhui heard that he would be appointed as the CEO of Standard Chartered Bank, he was immediately excited and said gratefully: "Thank you Chairman for your trust!"
"I will not disappoint the chairman!"
It is really difficult for him to climb to the position of the president of the Standard Chartered Bank Building, and there are still many people waiting to sit on it, and this time he can be said to have skipped a grade and been promoted!
Chen Hui nodded and said, "Well, do a good job, I'm optimistic about you!"
···
So at 11 o'clock in the evening, Lian Wenhui officially took office as the chief executive officer of Standard Chartered Bank (Building), a subsidiary of Standard Chartered Group.
Mr Tan Kin Huat, former President and Chief Executive Officer of UOB (Tower), has been appointed by Standard Chartered to Seoul, Stick Country, to develop Standard Chartered's private banking business in the country.
···
On Saturday morning the next day, when Chen Hui got up, he checked the email sent by the Bitar team, and now the short positions of GBP/USD and the long positions of AUD/USD have all been closed!
The 3.5 million short positions on GBP/USD that were closed before were closed at an average of 1.6200, with a total profit of 500 points and a total of $17.5 billion!
The 1.5 million short positions of GBP/USD that were closed later, the average position was opened at 1.6700, and the average closing position was also at 1.6200, with a total profit of 500 points and a total of $7.5 billion, which was $1.5 billion less than the previous floating profit of $9 billion, and the GBP/USD pair had risen sharply in the past two days, and the GBP/USD finally closed at 1.6270 in the last Friday's trading day!
Counting this time, the Bitar team won a total of $25 billion on GBP/USD!
With $50 billion in account funds to short GBP/USD, the return on capital is 50%!
And the AUD/USD has been skyrocketing these days because of the news made by the RBA!
Today, Friday's close is at 0.9450!
And the Bitar group closed positions all the way during the AUD/USD surge!
The 3 million lots of AUD/USD long positions that were previously closed were closed at 0.9300 on average, gaining 340 points, for a total of $10.2 billion!
The average opening position of the last 2 million AUD/USD long positions is at 0.8960, a fluctuation of one point is a profit and loss of $200 million, and the average closing position is at 0.9410, with a total profit of 450 points, and a total of $9 billion!
All in all, the Bitar team earned $19.2 billion on AUD/USD this time!
$344 account funds long AUD/USD for a return on capital of about 56%
Overall, the Bitar trading team earned a total of $44.2 billion on GBP/USD and AUD/USD!
At the moment, the total funds in the hedge fund account in charge of the Bitar team have reached $128.6 billion!
Now the Limbo team is using $37.5 billion of account funds to short spot silver, and has established a short spot silver position of 4 million lots, with an average position of 21.50, and a fluctuation of one point is a profit and loss of $200 million!
Spot silver has fallen sharply for 3 consecutive days! At present, spot silver is at the 20.60 position, with a total profit of 90 points, and a total floating profit of 18 billion US dollars!
Liu Nengguang's trading team previously used $35 billion in account funds to earn $44.2 billion by long spot gold, and now the total account of the hedge fund in charge is $79.2 billion!
Now Liu Nengguang's trading team is currently using $49.2 billion in account funds to short spot gold, preparing to establish a short position of 5 million lots of spot gold!
Therefore, Liu Nengguang is responsible for the account funds that still have 30 billion US dollars of funds idle!
Chen Hui's total account of hedge funds is now as high as $263.3 billion! The idle funds in hedge funds are as high as $158.6 billion!
In addition, he now has $121.5 billion in private trading accounts with HSBC, $51 billion in trading accounts with US banks, and $20 billion in trading accounts with Standard Chartered Bank.
That's a total of $455.8 billion!
But the current idle funds are also ridiculously high, as high as 351.1 billion US dollars!
After thinking about it, Chen Hui replied to Bitar with an email, telling these traders to rest for a few days!
After all, in a few days, you will have to open a position to short the euro currency pair! And the short cycle time is very long, up to more than one and a half years!
This time to short the euro currency pair, Chen Hui temporarily plans to use the idle $158.6 billion account funds in the hedge fund!
In a few months, the ECB will start to implement a negative interest rate policy, and the euro will fall forever!
In the future, many hedge funds in the world, investment banks in various countries will short the euro all the way, and Chen Hui will go short the euro in advance when the euro is strong!