Chapter 326: Speculators are overflowing
The weather in Hong Kong in the early morning at the end of June, the wind and the sun are beautiful, and people feel very comfortable. Pen & Fun & Pavilion www.biquge.info
Located inside and outside Fuyin Plaza in Central, there are many high-rise buildings, famous cars shuttle, and white-collar workers who work in the morning are in a hurry, and some are smiling with a relaxed smile.
"Now that the Sengkang business district is also prosperous, it seems that we have bought three buildings, which has a certain alleviating effect on the capital chain of Sengkang Department Store." Ye Qian and Zheng Fan sat on the bench in the square and said with a faint smile.
"Hong Kong is indeed very prosperous, looking at these white-collar workers who work all morning, they don't feel the intensification of the Asian financial turmoil at all." Zheng Fan sighed a little.
"I heard that Thailand has become in chaos, the Thai baht has become very gross under the condition of continuous depreciation, bank runs and rush to buy basic daily necessities, many companies have gone bankrupt, and people have reached the point where they can't afford to live!" Ye Qian took a deep breath and said.
"After all, people have to eat, and when money becomes worthless, and the prices of firewood, rice, oil and salt soar, there will naturally be turmoil, and those international speculators have completely squeezed out the Thai economy this time." Zheng Fan shook his head and said.
"Now Thailand is already the worst situation, it is estimated that the situation will develop again, there is no oil and water, now the huge amount of money of international speculators, has been transferred to Indonesia and Malaysia, the operation method is the same as Thailand, in order to stabilize the exchange rate, the foreign exchange reserves of the two countries are consumed very quickly, but even if the gold reserves are released, in the face of the surging impact of international travel funds, it is also a drop in the bucket!" Ye Qian only felt that the destructive power of this financial storm had exceeded imagination.
"The governments of Indonesia and Malaysia can't stand it, and letting the exchange rate float freely is the final and only way out. Zheng Fan opened the water bottle he was carrying and took a sip.
"There are many criticisms inside and outside the market about our Century Holdings' speculation of international gold spots, but President Ji Er has discussed with Minister Ruan Yuan to prohibit the dissemination of news from outside media." Ye Qian reminded with a positive color.
"It doesn't matter, that is, to coax for a while, after this limelight, no one will mention it too much, did your Century Holdings' operation of international gold spot just represent our interests?" Zheng Fan smiled calmly.
"Is the boss referring to the private wealth management funds of Tatfook Bank? Although I don't know exactly, I have heard President Ji'er mention that the $30 billion in private wealth management funds involved in the investment of many dignitaries in the United States and the United Kingdom. Ye Qian somewhat understood what Zheng Fan meant.
"The reason why Tatfook Bank opened a private wealth management business, out of the main considerations is secondary, mainly because it allows us to better integrate into the Western capital market and get close ties with the political and business circles. Zheng Fan said with a playful smile.
"Yesterday, President Ji'er, it seems that he sent some phased investment letters to investors in private wealth management funds, and it is estimated that many people will be surprised by the huge investment returns when they receive investment letters!" Most of the time, Ye Qian will not participate in the specific operation of Tatfook Bank.
"How is the relocation of the headquarters of Tatfook Bank?" Zheng Fan seemed to point out.
"The underground vault where the gold reserves has been built in full force and will be put to the final safety test tonight." Ye Qian said with confidence.
"It's only been ten days, and it's already finished?"
Although Zheng Fan said this, the smile on his face did not have the slightest surprise.
"In the past, when we took over the 12-storey building of Fuyin Plaza from Sengkang Department Store, we had already considered the bank's reserve vault and invested in the construction, but now it is just an expansion and strengthening on the original basis, and as long as the funds can support, there is no problem with the construction at all, and the time of more than ten days is to work overtime in 24 hours." Ye Qian explained with a smile.
"I just hope that there will be no problems, if I am not there in the future, you must be more careful, now the amount of funds of Century Holdings is getting bigger and bigger, and the importance of the Minister of Finance is self-evident." Speaking of which, Zheng Fan reminded solemnly.
"Now that the Asian financial turmoil has not yet reached the most violent time, does the boss want to let go at this time?" Ye Qian couldn't see through what Zheng Fan was thinking.
"It's not okay to let go, but you may have to make some changes, Century Holdings' own funds, you have to draw out, I've always been a little uneasy recently, I suspect that I'm being targeted, if I don't have some insurance, I'm afraid that I worked hard before, and I will work for nothing." Zheng Fan's light words surprised Ye Qian.
"What is the boss referring to, now that the government has acquiesced, the operation of Century Holdings in the international gold spot, even if the outside world criticizes, the problem is not big." Ye Qian thought of other possible threats.
"In this life, how can it be unusually smooth, now we have a good relationship with the political leaders of the United States and Britain, but it does not mean that it can be maintained for a long time, there is a way to be cunning rabbits and dead lackeys, and birds are good to hide, especially with the increasing amount of funds in Century Holdings, once there is a problem, it will not be connected to the pot." Zheng Fan wiped his eyelids and smiled.
"Isn't the boss already planning to convert all the big funds of Century Holdings into gold reserves?" Ye Qian does not think that there will be any problems in the interests of Century Holdings, or even Zheng Fan, and European and American politicians.
"Even after converting it into gold reserves, you have to make some more preparations." Zheng Fan smiled meaningfully, but did not elaborate on anything.
"I haven't mentioned the matter of converting funds into gold reserves, but will the expansion and reinforcement of the reserve treasury of Tatfook Bank make people suspicious?" Ye Qian looked very cautious.
"Once it's operational, you can't keep it a secret, and you don't have to worry too much about it." Zheng Fan obviously had a plan in his heart.
"After more than seven trading days of operation, the international gold spot has been pressed below $280, down nearly 20%, and now with the Asian financial crisis clouds getting heavier, even the Reserve Bank of India has begun to sell gold reserves, but the dollar is unique, can we do long backhand?" Ye Qian asked uncertainly.
Because Zheng Fan only said that the international gold spot would break through 300 US dollars, but now it has reached 280 US dollars, seeing that he still has no intention of letting go, Ye Qian does not dare to guess where the international gold spot will fall under the situation of the Asian financial crisis.
"Gold prices were relatively high before, and in the state of general pressure on international commodities, it is normal for panic selling, and the prices of non-ferrous metals have fallen sharply in the past two days, right?" Zheng Fan did not respond immediately.
"Indeed, copper and aluminum prices fell the most, and other precious metals fell very sharply, and the overall should be mutually influential, and Liu Mingxuan made an analysis report, saying that with the arrival of the financial crisis, after the collapse of the real estate bubble in Asia, it will increase the pressure on non-ferrous metals, and the market for a period of time in the future is not optimistic." Ye Qian looked at the high-rise buildings in Central.
"Hong Kong's real estate bubble is very big, two days ago I also got a report from Citibank, pointing out that Hong Kong's local middle-income nuclear families, generally have two to three houses for the phenomenon, but the second-hand housing market transactions are declining, new real estate sales, on the contrary, there is a hot situation, the market price of real estate continues to hit new highs, but transactions are becoming scarce, transaction prices and transaction volume have begun to diverge, which is the key signal that the property market has peaked." Zheng Fan faced the sun and put his outstretched arms on the bench.
"Now Hong Kong's economy is becoming more and more incomprehensible, it stands to reason that in Thailand, Malaysia, Singapore, Indonesia financial turmoil is getting bigger and bigger, Hong Kong should be significantly affected, but the reality is that the stock market is hitting new highs, real estate prices are also rising at the same time, especially now that the Japanese economy is also falling, isn't this too weird?" Ye Qian said with a puzzled expression.
"The reason why Hong Kong's stock market and real estate remain strong is the result of the flood of speculators, and it will be July 1 in another day, after all, the capital market has the expectation of return, and it is not incomprehensible that Hong Kong's capital market can hold up under the clouds of financial turmoil under the condition that the mainland's foreign exchange reserves can be relied on." Zheng Fan couldn't help but smile faintly when he saw that many high-rise buildings were hanging red national flags.
"Now it seems that there will be no problems with a smooth return, and many of the work of the Hong Kong government has been handed over ahead of schedule, but what does the boss mean by the flood of speculators?" Ye Qian has no worries about Hong Kong's return.
"In fact, as early as some time ago, I have found that there are many international speculators in the layout of the Hong Kong capital market, if you want to short, you must accumulate sufficient ammunition, it is very necessary to buy and control some heavyweight stocks, and it is precisely because of these highly purposeful international speculators to buy stocks, there is the last wave of Hong Kong stocks this fierce upward offensive, and with the help of Hong Kong's return, it is also good news, even some inaccurate news, but also regarded as a positive factor, which is for the stock market and the real estate market, It is estimated that even if it can survive a stable return in July, the economy will definitely collapse completely by August at the latest. Zheng Fan smiled very strongly.
"Miss Qin Yan, they traveled around the world, they already set off from the rich house on Long Island, New York yesterday, and they will arrive in Hong Kong this afternoon, do you want to meet them?" Ye Qian glanced at Zheng Fan and asked.
"Forget it, I don't want to go to the Hongmen banquet, if the international gold spot falls again today, we will begin to gradually close a large number of short positions in our hands, but don't show the intention of going long on the backhand." Zheng Fan said with a smile.
"I believe that today must be a good day, the international gold spot selling volume in the past two days is huge, coupled with the sale of gold reserves by the Central Bank of India, the market panic caused can be imagined, and our short profits, has reached an astronomical amount, but even if the overall environment is extremely favorable to us, a day is still flat." Ye Qian got up with a little excitement and said.
(The second update will be sent.) )