Chapter 8: Soros
In early September, finance ministers and central bank officials from the 12 countries gathered in Bath, a beautiful town in the United Kingdom, to discuss future economic policy implementation.
Due to the urgent need to create space for the UK to lower interest rates, the UK's Chancellor of the Exchequer Norman . Lamont frequently demanded that Germany ease its monetary policy, as did his Italian and French counterparts. Lamont met with the President of the Bundesbank, Helmut. Schlesinger slapped the table and shouted: "There are twelve finance ministers sitting here, all asking you to lower interest rates, why don't you lower them?" ”
Schlesinger was annoyed, but he couldn't be like the British finance minister, who was the target of public criticism. Zuihou he could only carefully give an answer that was not the answer: "Although I don't plan to cut interest rates, he won't raise them either." ”
This statement was quickly presented to the media by Lamont as a signal that Germany was about to make concessions, although no one would have expected Germany to raise interest rates.
This somewhat ridiculous statement did not dispel the market's doubts, and the pressure on the British government remains.
In the days that followed, Lamont and his counterparts continued to ask for the Bundesbank, much to the anger of Schlesinger. The man, who has dedicated his life to maintaining the central bank's policy independence, felt the need to reiterate the point, so he held a press conference on September 8.
"I can't guarantee where interest rates will go in the future, and the German monetary government won't easily change it to cheapen other countries' economic ......."
"The Italian lira is very weak on its footing and may be outside the normal range of the market, which shows that the European exchange rate system is not as it seems, and I am personally cautiously optimistic." zuihou, he warned.
In the hall, there were a group of business leaders, bank presidents and fund managers, who were particularly interested in the meeting in Bath in the past few days, and rushed from all over Shijie to wait for a clear conclusion on German interest rates in the next few days.
In this group of groups with western faces as the main group, Zhong Shi's slightly green eastern face is particularly eye-catching, but several reporters present have been inquiring about it for a long time, and they have not found out the details of this oriental.
"Zhong Sheng, what are we doing here?" While Schlesinger was spitting, Andrew in the audience asked quietly. He didn't have a good impression of the German on the stage, and after talking in the clouds for a long time, he still didn't understand what he meant.
However, he did know that it was a big man above, because he saw several big people who often appeared in financial magazines, and some of them were even nobles who had been awarded by the Queen of England herself, all sitting respectfully below, listening attentively with serious expressions.
Their seats were arranged by HSBC in the UK. After transferring most of the capital to HSBC's brokerage channel, Zhong Shi immediately became one of their valued customers around the world, and basically for any request that could be fulfilled, HSBC would spare no effort to help Zhong Shi do it.
"Shh......h Listen carefully! Zhong Shi frowned, interrupting Andrew's questioning, he heard a clue, the Bundesbank president's words reeked of refusal to cut interest rates.
This is not a formal statement, after all, the negotiations between the finance ministers and governors of the participating countries have not yet ended, but there is such a flavor between the lines.
"Mr. Schlesinger, please stay." At the end of the meeting, Schlesinger was about to leave the venue when two people suddenly stood up from the crowd below and shouted in unison.
One of the voices was Zhong Shi, and the other was an old man in his sixties, with gray hair, a wrinkled face, and a figure not very tall, but in good spirits, and a wise light in his turquoise pupils.
"May I ask you......" Schlesinger was stunned, he had never encountered such a strange combination called at the same time, he first glanced at the old man, nodded politely, and then looked at the youthful Zhong Shi, a smile appeared on his face.
"Hello, I'm Zhong Shi from Hong Kong, Mr. Schlesinger." Zhong Shi took two quick steps, rushed to Schlesinger, and stretched out his right hand.
"I don't know if Mr. Zhong has any advice?" Schlesinger had a smile on his face, a stark contrast to the toughness he had just shown on the table, perhaps because of Jongshi's younger age, or because he had just finished getting down to business.
"Hello, Mr. Soros!" While Zhong Shi and Schlesinger were greeting, the gray-haired old man also came over, and as soon as he came, he saw Zhong Shi's outstretched right hand.
"Do we know each other?" Soros was stunned, and Zhong Shi mechanically shook his hand, with a puzzled look on his face.
"I am an investor in your fund and am from Hong Kong." Zhong Shi nodded slightly, for this encounter, he did not know that he would meet Soros, in fact, this hedge fund manager who later became famous all over the world, and now his fame is limited to the capital market in the United States and some investors who invested in his fund.
"You are Mr. Chung? Hello, hello. Soros was quick to react. His hedge fund is an offshore fund, registered in a tax haven, and the funds are investors from outside the United States, because this can circumvent the supervision of the US authorities, so when raising funds, there are not many customers, but all of them are people with great backgrounds.
As soon as Zhong Shi reminded him, Soros quickly remembered that two or three years ago, there was indeed a large amount of money from Hong Kong, and he was a wealthy businessman surnamed Zhong. Since the money entered the fund, I have basically not seen how this customer has appeared, and there has been no request for redemption.
After Soros and Schlesinger greeted him, the smile on Schlesinger's face became even stronger, and he looked at the old and young in front of him with interest: "I don't know what happened to the two of you?" ”
Such a conversation is very skillful, because an official like Schlesinger is basically equivalent to the president of the European Central Bank, and to try to extract a fraction of such a fraction of the population would mean thousands of monetary benefits.
And this high-ranking and powerful figure naturally understands his own weight, so he must be careful and careful when talking in private, and try his best to avoid the leakage of important news.
"Actually, it's not a big deal, I just want you to talk about your views on the European Currency Unit (ECU), Mr. Schlesinger." Zhong Shi smiled slightly, with a relaxed expression on his face, and he didn't have the slightest intention of inquiring about the news.
Schlesinger is not resistant to talking about the European monetary unit, and as the head of the Bundesbank, which occupies a major position in the European monetary system, he can naturally talk about such issues.
Schlesinger looked at Soros beside him again, and seeing that he had no other opinions, he began to talk about a lot of official statements. On the surface, these diplomatic-stricken-minded rhetoric carries a lot of content, but in reality, when analyzed, it is basically equivalent to saying nothing.
"Actually, I personally like the concept of Eurocurrency, but I don't like the name ECU, and personally, I prefer to call it Mark."
After a lot of nonsense, Schlesinger ended up with a meaningful sentence. After speaking, he nodded slightly to the two of them and left the venue.
"What the hell did he say?" After Schlesinger left, Andrew quietly appeared behind Zhong Shi, with a puzzled look on his face, and this level of dialogue was basically equivalent to not saying anything to him.
"He's revealing a lot of information!" Zhong Shi looked at Schlesinger's distant back and sighed casually.
"Oh, Mr. Zhong, I don't know what information he revealed, I wonder if you can share it with me?" This sentence immediately attracted the attention of Soros, who was next to him, and he immediately asked a question.
In fact, the shrewd fund manager also heard a lot of voice-over from Schlesinger's words, but what he didn't expect was that this young man who looked very young could actually hear it.
Bell Stone's question may seem grandiose, but in essence it is a test of the Germans' determination to maintain European harmony. Schlesinger's answer is also very interesting, it seems to be an official phrase, but Zuihou makes his position unmistakably clear: the Bundesbank will continue to be the first consideration of the German economy for some time to come.
Now that he can reveal this information privately, Schlesinger will certainly make this position clear and unambiguous to the media in the coming days.
Germany will not cut interest rates!
This is what Zhongshi and Soros think in their hearts.
"Mr. Soros, what you think now is what I think, are you right?" Regarding Soros's temptation, Zhong Shi made a haha and unveiled this topic.
"Mr. Zhong, I still have something to do, so I'll leave first. Once again, I would like to reiterate that our fund will operate in a strategy that maximizes client returns, and this will never change. Seeing that he couldn't find anything, Soros took a deep look at Zhong Shi, imprinted this face deeply in his heart, said a few more high-sounding words, and left.
"Don't worry, we'll be on different battlefields!" Looking at Soros's back, Zhong Shi said silently. After Soros walked away, Zhong Shi said to Andrew, who was still confused beside him: "Guess what, this gentleman is in such a hurry to leave, what will he do first?" ”
"Who is he? Should I go to dinner? Andrew followed Zhong Shi's gaze, looked at the old man who didn't know how to appear and didn't know how to leave, and replied a little uncertainly.
"You're wrong! Couldn't be more wrong! This old man is going to make money, make a lot of money! Zhong Shi retracted his gaze and looked at Andrew, who was touching his stomach, "Hungry, let's eat." With that, he followed the crowd and walked out.
"Just him?" Andrew touched his head, a little confused again, "Can he make as much money as you do?" Seeing that no one answered his question, he turned his head, only to find that Zhong Shi had gone away. Don't go so fast, wait for me......"
Soon, by the end of ninety-two, he knew what the old man who had just appeared in front of him was about to do. (Thank you for the book friend 0763 Fat Dragon, waterproof tip!) I hope more friends will support this book, ask for Sanjiang votes~ Everyone takes a small step, which is a big step forward for this book, I hope everyone actively votes, xiexie~)