Located on the 15th floor of the Citi Building in Central, Hong Kong, Di Liya, who was wearing a professional skirt, looked at the big screen of the investment department, and shook her head with a slightly solemn expression. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

"Miss, following yesterday's Bank of Japan and the Bank of the Netherlands sold off gold reserves, today's international gold spot trading in Hong Kong hours is also quite weak, and the intraday buying power is not very strong, and the number of long positions opened by Century Holdings seems to have little follow-up momentum." The woman who followed Di Liya also looked extremely uncertain when she watched the time-sharing operation of the international gold spot.

"President, the latest news, Century Holdings applied to the Hong Kong Gold Exchange for the delivery of the 2.5 million tons of long positions it held." One of Citibank's information chiefs almost ran up to Delia and said loudly.

"Spot delivery?"

For Century Holdings, which is mainly speculative and speculative, Di Liya never thought that this time it would enter the market and conduct spot trading.

"Yes, it took less than five minutes for Century Holdings to submit an application for spot delivery, and the Hong Kong Gold Exchange also attached great importance to it, and completed the specific spot delivery details within 15 trading days of the reply." The middle-aged information director spoke quite quickly, as if he was afraid of delaying Di Liya's decision.

"The volume of spot delivery in this wave of Century Holdings is not small, should we chase it?" The woman looked at the hesitant Delia and asked for her opinion.

"If the central banks of Japan and the Netherlands do not sell gold reserves, Century Holdings submitted an application for international gold spot delivery, which will certainly promote a round of gold prices, but the current disk, but only just beginning to rise, and not very sharp, with the Asian financial turmoil intensifying, the trend of international commodities, is becoming more and more chaotic and unclear, in the case of it is difficult to predict the accurate trend of international gold spot to enter the market, there is no doubt that some uncertain risks will be increased." While Delia muttered to herself, she seemed to flinch a little.

"But what I don't understand is that since the super amount of funds of Century Holdings has dominated the international gold spot market, coupled with the relationship between the central banks of Japan and the Netherlands selling off gold reserves, it is not a problem to open a large number of long positions, why does Century Holdings choose to carry out spot delivery, if the use of leverage to greatly expand the efficiency of capital use, the gold price will not be more ideal?" The woman was somewhat puzzled.

"According to uncertain conservative estimates, Century Holdings chose to make a profit on the international gold spot when the clouds of the Asian financial crisis appeared, almost 30 trillion US dollars, such a terrible profit scale, but it is quite hot, no wonder Zheng Fan has some different ideas." Delia smiled shrewdly.

"However, for the terrifying profits of Century Holdings, the reactions of all parties are relatively calm, this huge profit incident seems to have become a tacit secret in the world capital market, and there is not even a group of international speculators from the Quantum Fund, which has hit the financial markets of Southeast Asian countries and has caused frequent turmoil, and when Century Holdings was doing the market, the United Kingdom and the United States government did not intervene, and I believe that there will be no excessive reaction in the future, even if Zheng Fan is worried, he will not do this part." The woman felt that with the submission of the gold spot delivery application by Century Holdings, it would definitely have an impact on the major capital markets, but she was not sure whether the market's reaction in the future would be positive or negative.

"President, the price of international gold spot began to rise during the Hong Kong trading session, from $286 to $294, but the trading volume has not been able to effectively amplify." A trader shouted to Delia.

"Of course, the transaction can not be released, Century Holdings in the international gold spot circle away astronomical profits, has been in a short period of time, caused damage to the foundation of the transaction, especially after the absolute main force of Century Holdings, after giving up the follow-up operation of the disk, the volume will inevitably show a sharp contraction, I believe that not only now, in the future for a period of time, the international gold spot market will appear rigid consolidation, in order to recuperate." Di Liya's eyes narrowed slightly.

"The spot trading volume of 2.5 million tons, which is equivalent to most of the spot gold reserves sold by the central banks of Japan and the Netherlands, was taken over by Century Holdings, but there were previous RBAs and RBIs, and then other central banks sold gold reserves. Even though Century Holdings submitted an application for spot delivery, the woman still had doubts about the trend of international gold spots.

"It's almost time to come to an end, this time Century Holdings submitted an application for gold spot delivery, which should make the central banks of various countries with the consideration and demand for selling gold reserves produce a certain amount of caution...... "Before Di Liya finished speaking, I saw that the price of international gold spot began to accelerate up.

"President, there is a central bank official on the mainland side who has made a speech saying that he will not follow Europe and Australia to dump gold, because the mainland is a developing country, so it must maintain stable gold reserves for emergency use, as well as maintain a balance of international payments at the right time." A female informant didn't even miss the phone, so she hurriedly shouted to Delia.

"It is reasonable that if the mainland central bank has a connection with Century Holdings, it should join the battle group as early as the decisive battle with the main force of the Japanese group." There weren't many surprises in Delia.

"The exchange rate of the yen has risen to a certain extent, and even the Thai baht and the currencies of some Southeast Asian countries have begun to rebound." All of a sudden, Citibank's investment department was bursting with offers.

"Some days ago, the market was worried that Century Holdings' astronomical dollar profits in the international gold market were locked, which made the liquidity of the dollar tighter, and now Century Holdings submitted an application for gold spot delivery, this huge amount of dollars, will be returned to the market, it is estimated that the rebound of Asian currencies is because of the fear of tightening dollar liquidity, which has receded slightly." Delia is constantly analysing the situation in the market.

"What does Miss mean is that Century Holdings is making a huge physical gold delivery for the sake of stabilizing the Asian economy?" The woman only feels that the current international capital market is quite complicated.

"Maybe, after all, with the return of Hong Kong, the mainland should have a certain amount of contact with Century Holdings, but I'm not sure if the follow-up Century Holdings will operate on the basis of gold spot delivery, Zheng Fan's mind is already incomprehensible, and under his control, the behemoth of Century Holdings is also very slippery." Di Liya does not think that Zheng Fan will really retire this time and leave the capital market completely.

"Even if the future trend of international gold spot is uncertain, what about the rebound in the exchange rates of Asian countries?" The woman is actively looking for opportunities.

"It is estimated that the rebound of national currencies against the US dollar is just a flash in the pan, the current financial turmoil is just beginning, coupled with the main funds of Century Holdings, will be invested in international gold spot delivery, which will make the flock to the international capital, more fearless, it can be said that the weakness of the entire Asian economy has been fully exposed to the scope of the international capital, and the chaos is still to come." Delia said with a faint smile.

"If Century Holdings does not hold a large amount of US dollars and can no longer support the stability of the Hong Kong dollar, once the Hong Kong financial market is shocked, Century Holdings will not be able to sell a large number of US dollars and maintain the linked exchange rate of the Hong Kong dollar against the US dollar." The woman also thinks far-reaching.

At the same time as Di Li Ya was thinking about the Asian financial crisis, the self-operated department of Century Holdings was also full of surprise.

Because of the relationship between Luo Hong and others who were taken away by Zheng Fan yesterday, no one thought that Century Holdings' long-handed longing of international gold spot this time would be a result of a tiger's tail, not to mention the use of long positions to submit an application for spot delivery of gold.

"Boss, because of the relationship between the central banks of Japan and the Netherlands selling off gold reserves, our position opening this time, as well as the submission of spot delivery applications, can be described as very smooth, and the detailed information has been counted." Ye Qian laughed quietly and handed Zheng Fan a folder.

"This time, the cost of opening our long position is $284 per ounce, and according to the calculation that 1 ton of gold is equal to 35,273 ounces, we applied for 2.5 million tons of spot delivery, with a total cost of nearly $25.0439 trillion, and the number of lots is 881.825 million lots. As Zheng Fan flipped through the folder, Ye Qian explained in a low voice.

"The total amount of funds before was 26.318 trillion US dollars, if you throw away the 25.0439 trillion US dollars of international gold spot delivery, the remaining liquidity, there are still 1.2741 trillion US dollars, which also includes our outstanding 400 billion US dollars of borrowing, as well as the interest rate that needs to be paid, overall, the actual amount of remaining funds should be more than 800 billion US dollars." Ye Qian continued.

"The interest on our equity asset pledge loan for a quarter should be 5%, right?" Zheng Fan pondered and muttered.

"Well, but the pledge loans we signed with major financial institutions indicate that they will be repaid in less than a month, and they are still calculated according to 2% interest, and they have to pay the established interest anyway, so it is better to use it for a longer period of time." Ye Qian, out of the consideration of maximizing interests, was obviously unwilling to repay the money immediately.

"It's 2% in less than a month, it's not too much, otherwise no financial institution would be willing to take such a big risk, you and Ji'er will repay the loan, and tomorrow we will return the funds and interest borrowed from major financial institutions." Zheng Fan wiped his eyelids and looked extremely resolute.

"Are you thinking about the liquidity of the dollar?"

Ji Er frowned, as if she had objections to Zheng Fan's arrangement.

"It's just one aspect, I don't have the habit of owing people money for a long time, and I was forced to borrow equity pledges for operational reasons, and now that I have abundant funds, there is no need to press it." Zheng Fan made no secret of what he thought.

"Boss, you don't really plan to retire, do you?"

At present, during the Asian financial crisis, when there are many opportunities, Ji'er can't help but start thinking about the remaining more than 800 billion US dollars of Century Holdings.

"What do you say?"

Zheng Fan smiled playfully, his eyes were full of thieves, and he didn't give Ji'er a positive answer.

(The first update will be delivered.) ）