Chapter Twenty-Five: The Beginning of Madness
Central, Hong Kong.
Central is home to the highest concentration of skyscrapers in Hong Kong, with the Hong Kong government, the Court of Final Appeal, the Legislative Council Building and the Governor's House all located here, as well as many major banks, multinational financial institutions and foreign consulates, making it the political and commercial center of Hong Kong.
Standing on the top floor of the Far East Financial Center, Zhong Shi couldn't help but sigh as he looked at the headquarters of HSBC not far away and the Bank of China International Building, which was under construction in full swing, through the golden glass curtain wall.
At this time, the three-sided sharp knife of the Bank of China International has not yet been built, the fort on the top floor of HSBC has not been erected, and the Cheung Kong Industrial Building between the two can not even see the shadow, in fact, it was not until 99 years that the Cheung Kong Group Center was completed.
Buildings such as the Central Centre, the International Finance Centre, Pacific Place, the Hong Kong Police Headquarters, and the Queensway Government Offices have not yet appeared. The few skyscrapers that Zhong Shi can recognise are HSBC, Bank of China, and the Lippo Center (under construction), known as the koala.
Now Hong Kong has a bit of a Shijie financial center, but it has not become one of the three major financial centers as it has been in later generations. In '78 and '82 respectively, the Hong Kong government relaxed the restrictions on banking licenses and abolished the interest tax on foreign currency deposits, resulting in a large inflow of international banks and international funds into Hong Kong. By the mid-to-late 80s, Hong Kong had become an important financial centre in the Far East.
In fact, the only place in the Far East that can be called an international financial center is Tokyo, and Hong Kong has just left Singapore a little behind.
Andrew, a futures broker focused on the U.S. capital market, received an arrangement from his manager two days ago to receive a large client today, who is said to have a net worth of tens of millions. Andrew took this meeting very seriously, and made all the preparations early, not only wearing a specially made suit, but also learning a few words of Cantonese on the spot.
As soon as Liao Chengde and Zhong Shi appeared at the door of the futures company, Andrew politely opened the glass door and greeted him respectfully.
In Andrew's surprised gaze, Zhong Shi walked in front of Liao Chengde and walked into the futures company that had all seats on the Chicago Board of Trade. Liao Chengde, who was walking behind him, looked calm, as if he didn't realize the encroachment between the main and the secondary.
After the group sat down, Andrew took out a thick stack of documents and explained in English: "Mr. Liao, we have already studied the question you asked before. Here is the relevant information, I can assure you that when you open an account with our company, the commission is definitely the lowest among the peers in Hong Kong. ”
What shocked him again was that the ten-year-old child unceremoniously took the information and looked down to read it. Liao Chengde, who he considered an important target this time, widened his eyes and shook his head mockingly, indicating that he could not understand English.
Andrew realized this time that the protagonist this time might be someone else, maybe it was this little friend!
"The initial margin is 6 percent, and the maintenance margin is 5 percent. It's much better than I thought, just open an account with your company! ”
Zhong Shi looked at the stack of materials as if he were looking at them, and then nodded to Liao Chengde.
"Can you give us a few minutes?"
Liao Chengde was stunned when he heard this, and then he said to Andrew. He said this sentence in English, and after coming to Hong Kong for so many years, he still knows a few words of general English.
Andrew shrugged his shoulders in understanding. After he went out, he decided that the kid was the key. How do you please that kid and make the deal settled? He thought to himself.
"Zhong Shi, have you really thought about it?"
Seeing that there was no one in the reception room, Liao Chengde couldn't wait to ask. It is no wonder that he was in a hurry, this time Zhong Shi not only polished and cashed out all the shares of "Cheung Kong Industrial", but also borrowed 5 million Hong Kong dollars from him, gathering a total of 10 million Hong Kong dollars. This amount of money is also a lot of money compared to Liao Chengde's net worth now.
Since the last time Zhong Shi ordered him to inquire about futures, Liao Chengde has studied some knowledge about futures. I don't know if it's okay, as soon as Liao Chengde figured it out, he was scared into a cold sweat. Futures are too scary, and the risks in them are dozens or hundreds of times greater than stocks.
Liao Chengde doesn't want to lose his hard-earned net worth like this, he also wants to see what kind of ability Zhong Shi has to get out of the dangerous futures market?
"Hmm."
Zhong Shi smiled, a disapproving expression on his face. Joke, this once-in-a-century opportunity for several major powers to join forces to intervene in the foreign exchange market, if you let it go in vain, I am afraid that it will be thundered by the sky!
Of course, these are things that can't be said to Liao Chengde, and as for Liao Chengde not following him, it is his loss. Zhong Shi is also very considerate, but in his heart, he is faintly a little disdainful.
Seeing that the persuasion was ineffective, Liao Chengde no longer insisted, picked up the water cup and drank the water by himself.
"Two gentlemen, is there a conclusion?"
Andrew was very discerning, and when he saw that the two of them were no longer talking outside, he knew that the conversation inside was over, and he waited another two minutes before knocking on the door and coming in.
"It's all done, I'm sorry for you, please buy yen call futures with all our money!"
Zhong Shi nodded and said with a blank face.
In these years, the computer network is not as developed as in later generations, and the general overseas entrustment still depends on the telephone to place an order, which adds a lot of variables as soon as it comes and goes, which is also the reason why Zhongshi Weishenme has to place an order a week in advance.
"What? 10 million to buy yen call futures? Andrew was dumbfounded, as if he couldn't believe what he had heard. This kind of cross position operation is a big taboo in the futures market, because in the futures market a slight direction of change, the balance in the account is insufficient will have a margin call, if not to call the margin, then the futures company or the exchange has the right to force the liquidation, until the balance in the account is enough to maintain the margin.
The so-called liquidation is the most extreme case, that is, even after the Zuihou contract is closed, the balance in the account does not even have the margin of the first contract. Even in some cases, the loss of the contract is still owed by the person who opened the account, which is the real sense of the loss.
In foreign exchange futures, the other underlying currency is generally the US dollar. For example, yen call futures refer to futures that are bullish on the yen against the dollar, and bullish means that the yen appreciates and the dollar depreciates.
Andrew wanted to say something, but Liao Chengde coughed lightly and said: "We are doing macroeconomic research, based on the research and forecasting of the international economy......"
He crackled and said a lot, so that the beads of sweat on Andrew's forehead couldn't help but bubble out, and the full air conditioning couldn't stop Andrew's anxiety in his heart.
Liao Chengde speaks Chinese, and Andrew does not know much Chinese, which is where he is deeply anxious, and it is undoubtedly a very unprofessional behavior to not understand what the customer says. Zuihou or Zhong Shi saw his embarrassment and explained in English: "Mr. Andrew, follow my instructions!" Also, if there is any major information to be released, please call me immediately! ”
The phone number he said naturally left Liao Chengde's phone number, and in fact, the account number opened was also in Liao Chengde's name.
Hearing Zhong Shi's words, Liao Chengde couldn't help but roll his eyes.
"Yen bullish futures, delivery month in December, cross buy! Immediately! Clear? Before leaving, Zhongshi shouted to Andrew, who was still in a petrified state, with a solemn face.
The reason why I want to buy the December contract is because it is already late September, and because the delivery deadline is approaching, most of the funds have been transferred to the November and December markets. Futures are called futures because most of the delivery deadlines are in the future, and most of the contracts that are active in the market are hedged rather than delivered.
"Yen, bullish ......" Andrew hurriedly repeated Zhongshi's words and nodded again and again. Zhong Shi relieved himself, took a sip of coffee, couldn't help frowning, and said, "Milk-free and sugar-free black coffee is suitable for me, I don't know if you can help me change a cup?" ”
Keeping the guests, Andrew was in a good mood and was busy going to change the coffee himself.
Waving his hand to stop Liao Chengde, who was about to say something, Zhong Shi walked to the floor-to-ceiling window and looked at the scenery of Central in the distance. This is very different from the Central he lived in in later life, but it is still the most prosperous place in Hong Kong.
"Cherish the Qin Emperor and Han Wu, slightly lose the literary talent, the Tang Dynasty and Song ancestors ......"
Looking at the tall buildings in the distance and the traffic under him, Zhong Shi suddenly became proud and couldn't help but chant this familiar word.
"Liao Sheng, do you think I can buy HSBC?"
Zhong Shi, who finished speaking, pointed to the HSBC headquarters in the distance, and said lightly in a tone that looked at all beings, his expression was indifferent, and his tone was flat, as if he was talking about a trivial matter.
"Crazy!"
Liao Chengde shouted in his heart. HSBC is of great significance to the hearts of Hong Kong people, and HSBC, which was founded in Hong Kong, has grown step by step into a giant in the Shijie financial industry. Hong Kong people have always regarded HSBC as a local bank, in fact, under British rule, HSBC is indeed a local banking giant, before 90 years, HSBC has always been registered in Hong Kong!
In the 80s, HSBC had already started its internationalization strategy. As early as the 70s, HSBC acquired SITC Bank in the United States to expand the North American market, and in 81 years to enter Canada, HSBC has gradually grown into a multinational bank based in Hong Kong and with business all over the world.
In Hong Kong, the only one who can compete with HSBC is BOC International. This is not only a grudge between the two banks, but also represents the two big countries behind them.
Such a pivotal bank, Zhong Shi actually said that he wanted to buy it? How can you not let Liao Chengde cry out ridiculous in his heart!
The day was September 17, 85. Soon, Liao Chengde will shake his thoughts at the moment!
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