Mature and stable enterprises are generally prepared for danger in times of peace, and do not blindly expand, but reserve a large amount of funds to calmly deal with the crisis when it comes.

There are also some companies that are blindly optimistic when the market is booming and continue to expand their operations. In the end, when the market suddenly enters a cold winter, it will lose a lot.

In 82~83 years, when Hong Kong's real estate and financial markets were in a depression, the myth of Jianing was shattered, and Hongkong Land Company suffered a huge loss of billions of Hong Kong dollars.

However, companies such as Cheung Kong and HSBC, which are more stable, are able to cheaply merge some troubled competitors.

Due to the large amount of cash resources at his disposal, Zhang Shaojie is also like HSBC and Cheung Kong Industrial, and when the crisis comes, he cheaply acquires some high-quality assets that are temporarily in trouble.

Merged Asia Television, invested in Sun Hung Kai Securities and other companies, and invested in Longteng Building and Longteng Film and Television City at a low price. These are full of Zhang Shaojie's investment style, and when it is very prosperous, it is not the best opportunity to make a move. Only when the industry encounters crises and difficulties is it time to look for opportunities to make a move.

Sun Hung Kai Securities Company headquarters, Shaojie Fund's trading room.

The manager of the fund, Chen Shaohe, has a stable surname and is not aggressive, which is exactly the investment manager that Zhang Shaojie admires very much. And there are 3 traders in the whole fund, most of whom are experienced.

At the beginning of its establishment, the Shaojie Fund had a scale of HK$800 million, of which HK$600 million was used for long-term holdings of blue-chip stocks such as Hutchison Whampoa and HSBC.

The capital of 200 million is to find a short-term investment direction - foreign exchange, securities, and futures are all within the scope of speculation.

Now that the Hong Kong dollar exchange rate is volatile, this is a good time for short-term speculation.

Shaojie Fund's traders, in accordance with Zhang Shaojie's instructions, are bullish on the Hong Kong dollar in the medium term, and the flexible thinking of short-term reverse trading, and constantly carry out swing trading of selling high and buying low.

Although, these foreign exchange investments are not all in the box, but most of the time, they are earned. Win more and lose less, so that Shaojie Fund continues to make profits!

In just a few months, it has earned more than 100 million Hong Kong dollars in profits by inverting Hong Kong dollar foreign exchange. Although the level has exceeded that of most investors in the market, it has not reached the level of windfall profits.

The huge twists and turns in the Hong Kong dollar exchange rate in 83 years actually contain mouth-watering profits!

Zhang Shaojie is also very greedy for huge profits.

After entering September, Zhang Shaojie said to Chen Shaohe: "If you are fully long Hong Kong dollars, there will be results soon!" ”

"Are you so sure that the Hong Kong dollar will rise sharply?"

"Speculators who are short the Hong Kong dollar have made almost a profit. If you continue to short without restrictions, there is a certain risk! I'm afraid the bears already have the idea of doing a lot of somersaults, it's just that they lack a catalyst! In my opinion, the catalyst is that the Hong Kong government will come up with means to save the Hong Kong dollar, and the only effective solution to save the Hong Kong dollar at present is to fix the exchange rate between the Hong Kong dollar and the US dollar, and implement a linked exchange rate system, either 7.5 Hong Kong dollars to 1 US dollar, or 8 US dollars to 1 US dollar! In short, at that time, the Hong Kong dollar will quickly have a wave of upward movement! Zhang Shaojie smiled confidently.

"Cut, the Hong Kong government sets the official exchange rate, and the merchant does not accept it, so it's not a vain?" Chen Shaohe raised the bar and said.

Zhang Shaojie said: "It is illegal for a merchant doing business in Hong Kong to refuse to accept Hong Kong dollars! ”

The content of the debate between Zhang Shaojie and Chen Shaohe came to an end a few days later.

In the face of the Hong Kong financial crisis, the Hong Kong dollar has fallen sharply. On September 25, the Hong Kong government announced that it would reform the existing Hong Kong dollar issuance mechanism, and the announcement also said that it would be illegal for anyone to accept Hong Kong dollars and only foreign currencies in Hong Kong transactions.

Standard Chartered Bank and HSBC, the two note-issuing banks, have also begun to announce that they will raise deposit rates by another 3% to support the stability of the Hong Kong dollar exchange rate.

On the evening of September 25, after the Hong Kong government completed negotiations with Hong Kong financial institutions, the Hong Kong government announced two clear policies.

First, the cessation of interest tax on onshore Hong Kong dollar deposits aims to increase the attractiveness of Hong Kong dollars to investors. Second, the floating exchange rate system, which had been in force since '74, was abolished and replaced with a linked exchange rate system pegged to the US dollar. The official exchange rate between the Hong Kong dollar and the US dollar will be announced on 17 October.

Under this series of aggressive policies, the next day, the exchange rate of the Hong Kong dollar rose sharply, and every 8.4 Hong Kong dollars could be exchanged for 1 US dollar. After that, many "inside information" continued to circulate in the market.

Some people say that in the future, the linked exchange rate system will be 5 Hong Kong dollars to 1 US dollar, and some people guess that 6 Hong Kong dollars are exchanged for 1 US dollar, and there are many people who guess 7 Hong Kong dollars and 8 Hong Kong dollars

After doing more than Hong Kong dollars, Shaojie Fund has recently made money and made crazy money. It is no longer a myth to earn three or five billion a day. All the traders looked at the forex account and giggled.

is so resolute to go long, and he has no skills, and he has made such huge profits. Such a simple and rude way to make money makes the traders think that Zhang Shaojie is the illegitimate son of the goddess of luck, otherwise how can luck not stop it?

"What will be the official exchange rate under this linked exchange rate system?" Chen Shaohe looked at Zhang Shaojie like a god.

"HK$7.8 to US$1!" Zhang Shaojie said casually.

"Why?"

"According to the usual purchasing power of the Hong Kong dollar, it should be about 8 Hong Kong dollars to 1 US dollar. However, I suspect that those bureaucrats and bankers will definitely think that 8 Hong Kong dollars to 1 US dollar is unscientific. In order to reflect the scientific surname, there will definitely be a fraction to show that this exchange rate is the result of a scientific calculation. The Chinese believe that 8 is an auspicious number, so 7.8 is a very likely official exchange rate"

"I don't believe it, you can guess right this time!"

Although he said so, Chen Shaohe recalled in his heart the 3 years he had known Zhang Shaojie, and every time Zhang Shaojie's guess was always right.

Once or twice, it can also be explained with shit luck.

But what has always been right is very unscientific.

"I'm guessing you're thinking — that's not scientific, is it?" Zhang Shaojie smiled.

"How did you guess it!" Chen Shaohe felt more and more that Zhang Shaojie was a god.

—————————————— time entered October 15, the day the Hong Kong government announced the implementation of the linked exchange rate, the Hong Kong dollar against the US dollar rose to 8.08 Hong Kong dollars to 1 US dollar.

On October 17, the day the linked exchange rate system was officially implemented, it rose to 8.02 Hong Kong dollars to 1 US dollar. In the following days, it gradually rose to 7.8 Hong Kong dollars to 1 US dollar.

Shaojie Fund is resolutely bullish on the Hong Kong dollar, so the benefits are amazing. In just over one month, it has made a big profit of 3 billion Hong Kong dollars, which makes the capital scale of Shaojie Fund reach 4 billion Hong Kong dollars.

You must know that at the beginning of the establishment of Shaojie Fund, it was only a capital of 800 million Hong Kong dollars. In less than 1 year, it has achieved a 5-fold profiteering.

With such a high capital and such speculative returns, it really makes the entire Hong Kong investors salivate with envy!

Because the foreign exchange market is to pay a small amount of margin, leverage. If the margin of 10% is 10 times the leverage, if the exchange rate of the currency rises and falls by 10%, then the investor of the exchange rate will make a profit or loss of 100%!

Theoretically, speculation in the foreign exchange market may be more profitable than the stock market. However, in reality, the rise and fall of most currencies is countless times more complicated than that of listed companies.

In addition, the exchange rate market is often hundreds of billions or trillions of large capitals moving in and out every day, and the real market makers are the political axe funds of various large countries. Ordinary investors, in the face of hundreds of billions or trillions of large capital confrontation, will undoubtedly be as small as ants.

Therefore, the probability of making money in the foreign exchange market for ordinary investors will be much lower than that in the stock market. Countless investment masters who have made a lot of money in the stock market in history have lost a lot of money in the foreign exchange market. It can be seen that the cruelty of the foreign exchange market surname!

Zhang Shaojie has earned a huge profit of 3 billion Hong Kong dollars in such a cruel foreign exchange market, which is surprising to those in the know!

"Congratulations, Shaojie, you have made a lot of money on foreign exchange investment!" Feng Jingxi couldn't help but congratulate Zhang Shaojie.

"It's just luck!" Zhang Shaojie said modestly.

"One life, two luck, three feng shui, four accumulations of yin and virtue, five reading! The achievements in life are nothing more than these points, life is given by my father and mother, and luck is unpredictable. Feng Shui issues are too mysterious, accumulating yin virtue, reading, I am more diligent. Feng Jingxi sighed, "Looking back on the past 60 years, I have worked harder than anyone else, but I may not be able to be richer than some people who are not as hard as me?" Why is that? A fortune teller once said that what I lack as a person is luck! Therefore, in my life, I admire people who are lucky! ”

"If you're lucky, you need to work hard. If you do it better than the average person, you can really succeed when you are lucky, otherwise you will let the opportunity come to naught again and again! Zhang Shaojie was moved.

Feng Jingxi agreed: "Haha, I think so too. Luck is an opportunity, and hard work is the foundation. Only with our own strength can we keep the success brought by the opportunity for a long time. Otherwise, if you are lucky for a while, it won't be long before you become a waste of wood again! ”

Of the 3 billion Hong Kong dollars from this investment, Zhang Shaojie is ready to take out 200 million Hong Kong dollars to buy the shares of Asia Television scattered in the hands of many small and medium-sized shareholders, increasing the equity to more than 95%, and the remaining 5% is in the hands of the management and employees of Asia Television, and Zhang Shaojie will not redeem these internally held shares. After increasing the equity of Asia Television to more than 95%, Zhang Shaojie is ready to inject 500 million Hong Kong dollars into Asia Television for Asia Television's debt repayment and strategic development.

In addition, it is necessary to prepare 1 billion Hong Kong dollars to continue to invest in the projects of Longteng Film and Television City and Longteng Building.

The $20 million borrowed from Xiaobawang to invest in "Jurassic Park" can also be repaid as soon as possible.

In the end, there is a profit of 1.2 billion, so that Shaojie Fund will continue to be used for equity investment in major high-quality enterprises. As for futures, foreign exchange and the like, although they will also invest, these projects that are too speculative are limited to 500 million Hong Kong dollars.

When the general trend comes, anyone who follows the trend can get a windfall. Zhang Shaojie made a big profit of 3 billion, this is speculation, this is a success that cannot be replicated.

The more unrepeatable, the more mythical!

(To be continued)