"Suzu~~~"

At 10 o'clock in the morning, the opening bell of the Hong Kong stock market rang on time in the proprietary department of Century Holdings. Pen & Fun & Pavilion www.biquge.info

"Yesterday's Hong Kong stock market closed at 16,290 points, and today it opened at 16,335, which is a significant high opening." After entering the trading session, Luo Hong was obviously nervous.

"It's somewhat unexpected, it seems that after yesterday's sharp fall, it has not caused continuous damage to the market." Zheng Fan lit a cigarette and said with a faint smile.

"Do you still sell futures?"

Zheng Fan was not pursued, Ye Qian operated with her own funds, and Luo Hong and Liu Mingxuan had already realized that this should have been instructed by him.

"Of course, we must continue to sell futures, and under the sweep of the Asian financial turmoil, the opportunity to short is very certain, and only the first person to eat crabs can eat the most." Zheng Fan did not hesitate at all.

"In the past three months, the Hang Seng Index contract should not be too large, and it is our goal to fully build a position on the futures index." Luo Hong quickly gave the operation instructions.

"Ye Qian's 10 billion US dollars, it is impossible to bury it in the air, you should be the operation of the holding company, and you must obtain as many benefits as possible." Zheng Fan smiled easily at the group of traders.

"Boss, you said before that the funds withdrawn from the equity of major investment banks should be used as backup funds for international commodity operations, is there going to be another wave of market?" As the minister of commodity trading, Liu Mingxuan is more concerned about international gold spot.

"International gold spot and futures, or different, want to use leveraged trading to hold positions for a long time, sitting on a wave of medium and long-term market is quite difficult, do you think that now the gold price has the basis to launch a wave, short and powerful blowout, and can allow us to fully build a position, and smoothly out?" Zheng Fan asked with a smile.

"Even if we do a short-term blowout market, there is a great opportunity, if the boss wants to, we can do the medium and long-term market, and we can roll the position operation." Liu Mingxuan replied very affirmatively, which made Zheng Fan a little surprised.

"Let's report the international gold spot price, I need to think about it." After a long while, Zheng Fan said thoughtfully.

"At present, the international gold spot price is $280 per ounce, which is lower than the cost of $284 for our gold reserves. Liu Mingxuan's offer seems to be very confident.

"Where did you get all this money? Could it be that the Asian financial crisis has stirred up the stock of funds that had been deposited in the world monetary system in the past? Zheng Fan pondered and muttered.

"Before the Century Holdings operated the international gold spot, it was a very terrifying amount of money from it, but the impact on the international gold spot market was only on the surface, especially in the case of our subsequent spot delivery, 2.5 million tons of gold reserves, which is only equivalent to the reserves of various economies, in fact, the foundation of this market is not as fragile as the boss imagined." Liu Mingxuan said with a straight face.

"When you were operating international gold before, you should know how difficult it is to close positions and cash in profits." Zheng Fan took a puff of his cigarette and observed Liu Mingxuan's expression.

"It is said that it is difficult to turn around, but I think that Century Holdings is long international gold spot, there is no need to turn around, you know, large funds have a certain operation cycle, the boss is too eager to cash in profits before, which will naturally cause difficulties in closing positions, and the market is difficult to bear, but as long as the time period of closing the position, from three days to three weeks, or even three months, we can cash in the state of profits, it can be much easier, with the trading volume of the international gold spot market, it can also fully carry the operation of our large funds." Liu Mingxuan pointed out Zheng Fan's problem, which made Luo Hong and others secretly admire.

It's just that Luo Hong and others don't understand that with Zheng Fan's own position, after all, he can't just focus on trading, and when the situation in all aspects is difficult to coordinate, he must make certain concessions, compromises and choices.

"Do you think the price of international gold spot will fall again?" Zheng Fan asked Liu Mingxuan with a smile.

"Just like the boss in the atmosphere of the Asian financial turmoil, not optimistic about Hong Kong stocks will rise, I think even if the international gold spot price falls, it is also limited, if you look at it from a medium and long-term perspective, below $300, may form a very solid bottom area, this is a very certain opportunity." Liu Mingxuan accentuated his tone and gave Zheng Fan's reply.

"Boss, now there is a financial crisis, the currencies of Asian countries are depreciating unstable, has given the international gold spot brewing the basis of the bull market, coupled with the gold price is at the bottom of the relative cycle, once we can make a clear medium and long-term upward trend, I believe that in this process, the buying will be very enthusiastic, enough to give us a rolling long, the formation of room for operation, and after the central banks sell gold reserves, once the gold price continues to rise, these central banks and economies will change their thinking, forming potential purchasing power." Seeing that Zheng Fan didn't speak, Liu Mingxuan couldn't help but show a rare opportunity.

"Since you are so confident, then try it, anyway, now Century Holdings has abundant liquidity." Under the gaze of Luo Hong and the others, Zheng Fan nodded and agreed to Liu Mingxuan's proposal.

"With 2.5 million tons of gold reserves, we don't need to bear so much pressure in the future, and we can have a lot of confidence in our hearts." Liu Mingxuan always felt that it was too dangerous for Century Holdings to carry out extreme speculation.

"You don't forget, the risk of leveraged trading, but will expand indefinitely, once the international gold spot, there can be no negligence, otherwise not only Century Holdings, even Dafu Bank will be dragged down, the previous gold reserves, no matter what, will not be used again, you have to be on the basis of existing funds and conditions, all or nothing." Zheng Fan reminded in a deep voice.

"The problem now is that the Hong Kong dollars we converted into before may have some obstacles when converted into US dollars, and the volume worth more than 800 billion US dollars is too much pressure on the Hong Kong capital market, I asked Minister Ye Qian before, the reason why we have converted from US dollars to Hong Kong dollars is relatively smooth, because the US dollar has been strong, coupled with the return of Hong Kong and the rise of the Asian financial turmoil, resulting in a lot of capital flight in Hong Kong, forming a very strong takeover." Liu Mingxuan is not worried at all.

"Yes, at present, Hong Kong's economy is in turmoil, and then want to convert Hong Kong dollars into US dollars, it seems to be a little difficult, but you don't forget the factors of those international speculators, Soros They want to short the Hong Kong financial market, and a large amount of funds will pour into Hong Kong in the early stage, and prepare for the layout, if we sell Hong Kong dollars now, I believe there are still many people who are willing to take over, and as you just said, rolling positions to operate international gold spot is not a hurry, plus the major investment banks will sell off their equity, It's not a day or two, we can take our time. Zheng Fan smiled with a little meaning.

"Boss, do you want to let those international speculators enter the customs in large numbers? Wouldn't Hong Kong's capital market be even more dangerous? Luo Hong, who was trading and selling Hang Seng Index futures, couldn't help but show surprise.

"Once the egg has cracks, the flies will find a way to get close to the ding, as long as Ye Qian's own funds can take the lead in shorting the Hong Kong stock market, even if those international speculators come in, it will be difficult to share anything, you don't think that the Hong Kong capital market is so good to short, with the mainland as the support, if you want to sink Hong Kong, the economic bridgehead, it must be a stalemate and cruel battle." Zheng Fan had a face that wanted to stay out of the matter.

"The mainland's foreign exchange reserves are simply not enough, and as the financial turmoil becomes more and more violent, it is estimated that even if it is opened up to support Hong Kong, it will not be enough to fill the hole, and now the tide of funds gathered by international speculators has reached an immeasurable level." Liu Mingxuan is clearly not optimistic about the situation in Hong Kong.

"If the capital market is dominated by policy, capital is not the key to determining success or failure, the mainland's financial market, has always been known for its policy market, this kind of policy regulation and control of the market interference, you who have not experienced it, is absolutely unimaginable, very has a set." Speaking of which, Zheng Fan sighed and said with a smile.

"Is the boss saying that at a critical moment, the mainland's decision-making may interfere with the free trading and balance of Hong Kong's capital market?" Luo Hong asked incredulously.

"Interference is a little drizzle, which is in Hong Kong, if it is placed in the mainland, shorting the financial market will be caught, in fact, the mainland's financial and policy system, and the state-owned are the same, very ancient and effective, if you underestimate this, those international speculators will suffer a lot." Zheng Fan's words made Luo Hong and the others twitch.

"If you can, you should start the international gold spot now and strive for more time to open a position." Liu Mingxuan is clearly a man of action.

"You ask Director Ye Qian to come over and adjust the account, because you want to go back to the United States, I can't supervise the whole process of the operation of the international gold spot, so you will lead the operation, you must not rush for quick success, you have to grasp the proportion, and try to control the mentality of you, the helmsman." Zheng Fan smiled and nodded, he had no intention of staying in the self-management department.

"Lao Liu, I didn't expect you to really be able to convince the boss, I thought that since the gold reserve, our self-operated department would be idle!" After Zheng Fan left the self-management department, Luo Hong praised Liu Mingxuan, who was expressionless.

"Gold reserves are equivalent to having security, and the boss's mentality should be a lot more relaxed." Although Liu Mingxuan said so, his expressionless expression was very cautious.

In Liu Mingxuan's view, this operation is not only very important to Century Holdings, but also to him personally, because this is the first time that Zheng Fan has let him take the lead.

(The first update will be delivered.) ）