Chapter 156 Divestment
I have to say that Soros's influence at this time is very large, to the point that he can't even imagine it. In the two weeks following his press conference, the Seoul stock market rose by 25 percent, and the South Korean won had risen quite a bit, much to the surprise of Kim Dae-jung and his staff.
The new president's first move in terms of economic stimulus got off to a flying start, leaving many South Koreans, including the big chaebols, glad that they had made the right choice.
Due to the strong rise of the Korean stock market, it has also led to the rise of the stock market in the rest of Asia, although basically there is not much correlation between these capital markets, but the Korean market has been the focus of the market in recent months, and it is not an exaggeration to say that it is a weather vane. Now that Soros, one of the biggest international speculators, has spoken, no one thinks that he is making wild remarks and making a statement, so the market generally believes that South Korea's financial crisis is nearing the end.
There is even a more optimistic conclusion that the Asian currency crisis is nearing its end. Of course, the financial and economic crises caused by the currency crisis are far from over.
On January 2, the Hang Seng Index fell 42 points to close at 10,680 points, down 0.39%, and retreated slightly after a slight increase in previous days. However, after Soros's speech on January 3, the market generally believed that the Hang Seng Index would see a larger increase at the opening of the market on Monday on the 5th.
Naturally, after getting the news in advance that Soros would visit South Korea, Zhong Shi began to intensively plan to short the Hong Kong stock futures index. Since Ma Jiarui's team did not take a vacation, Zhongshi had sufficient manpower. After temporarily transferring these traders, he frantically opened positions in the Hang Seng Index futures in the past few days, including 3,000 short orders on December 31 and January 2, which made the traders stunned and dragged the market down slightly.
Although Ma Jiarui listened to Zhong Shi's explanation, he was still a little unimpressed in his heart, at least in his opinion, there is not much bad news about Hong Kong stocks at present, on the contrary, there is a lot of positive news, but since the funds are Zhong Shi's own, he naturally doesn't have much to say.
But on January 4th. X-Spatial Fund has welcomed a guest. This investor of Tianyu Fund has only appeared here for the second time in a few years, and he can be regarded as the investor who cares least about his investment.
Zheng Xi, the agent of the Zheng family in eastern Guangdong, is the same as the last time he appeared in the Liao family. First, the bodyguards opened the way. After confirming that it is safe, you will enter the office area of Tianyu Fund.
"Zhong Sheng. It's been a long time, but business is still thriving? As soon as they met, Zheng Xi greeted Zhong Shi with a smile.
Zhong Shi smiled in return. He shook his hand and said, "Thanks to your Hongfu, I've been okay recently." Although the currency crisis spread throughout Southeast Asia, we were lucky not to get too much of it, so the losses were not very large. ”
Having said that, Zhong Shi kept muttering in his heart: how could this person be here now, and what did he want.
I have to say that the energy of this son-in-law surnamed Zheng is too big, so big that even today's Zhongshi has to be afraid of three points. The last time they met, in order to show his strength, this Zheng Gongzi simply killed an underworld boss who dominated Xiangjiang, and the police have not solved the case until now, and it is estimated that it will always become an unsolved case.
Although Zhong Shi's money is dignified, it is also necessary to have enough underground power to protect Hong Kong in these years, especially in the case of frequent kidnapping cases of wealthy people on Hong Kong Island.
Now, the security company founded by Land Rover has also begun to take shape, although it is also taking the road of fairness, but it is often involved in the gray area in private, after several years of development, Zhongshi also has the ability to protect itself.
As soon as he thought of this, Zhong Shi's confidence was a little stronger.
However, to Zhong Shi's surprise, this time this Zheng Xi's posture was very low, and after a little greeting, he said: "Zhong Sheng, I am really a little embarrassed to come to visit this time. I want to redeem all the shares I invested in your fund before, I don't know if it's convenient or not. ”
"Redemption?" After hearing these words, Zhong Shi was stunned, and was slightly stunned for a long time before he asked with a confused face, "Zheng Gongzi, what is this for?" Are you not satisfied with our investment performance? ”
In his subconscious, he thought that this part of Zheng Xi's investment was in the flagship fund, and he knew that the return on investment had increased more than ten times in less than four years, and he could hardly find a second one in this world.
Zheng Xi's expression was very embarrassed, and after touching the tip of his nose, he said tentatively: "It stands to reason that the redemption should be reserved for you for at least a month, but this time it is really urgent, and it happened suddenly, if Zhong Sheng is inconvenient, we can redeem half of it first, and it is not too late to wait for the rest after a week." ”
After a pause, he continued: "To be honest, I don't agree to redeem these shares now, the return rate of doubling in three years is already very high. But please also ask Zhong Sheng to understand my suffering, I really have no choice, the big boss above has given an order, and I, an errand runner, can only obey the order. ”
Although he didn't run here often, Zheng Xi still had enough information to know what the performance of his investment was. Among other things, the fund is obliged to disclose the current investment situation and net value to investors every month, which is one of the minimum requirements.
He had long known that Zheng Xi was just a pawn, but he was able to say it so frankly, and Zhong Shi naturally didn't want to say anything. However, after hearing the rate of return of "doubling in three years", Zhong Shi still asked a little strangely: "The rate of return of doubling in three years?" Belch...... I stow it! ”
Fortunately, he reacted in time that Zheng Xi's funds were not placed in the flagship fund, otherwise he accidentally leaked his words, and I believe that no matter how much pressure the other party is under, it is absolutely impossible to redeem this fund easily.
Zheng Xi signed a fund management contract with Tianyu Fund for a total of 50 million US dollars, in addition to the necessary management fees and excess returns. It also stipulates that in the event of a loss, the X-Spatial Fund will make up for the unequal treaty in full. However, the situation was stronger than people at that time, and Zhong Shi finally pinched his nose and signed this contract, who made the other party really strong.
However, Zhong Shi is not easy to follow, so naturally he will not put this part of the funds into the flagship fund with the strongest growth, he divides this part of the funds into two, one part into the Tianyu Japan Fund, and the other part into the Tianyu China Growth. Although the fund manager has changed frequently in recent years, the performance is quite stable, because Maxim, who was at the helm of China Growth some time ago, made a lot of money on the Hong Kong stock futures index. As a result, the funds were successfully increased to a net value of $100 million.
After a quick study of the investment performance report. Zhong Shi discussed with Maxim for a moment, and with a stroke of his pen, he allocated $100 million from the cash pool and transferred it to the other party's account. Although this means a loss of at least $1 million in management fees for the year. Plus variable amounts of excess returns. But there is one less investor. Zhong Shi is naturally very happy.
At a time when many hedge funds, including the Quantum Fund, are still trying to curry favor with investors in every possible way, Tianyu Fund is already trying to find a way to refund the shares of these investors, which has to be said to be a strange phenomenon. There is no other reason. In the past few years of growth, Tianyu Fund itself has grown to the level of a behemoth, and naturally it will no longer think about relying on other investors.
Seeing that he got his funds so happily, Zheng Xi was naturally in a good mood, and after repeatedly confirming the receipt of the account with the bank, he complimented Zhong Shi with a smile, and said warmly that he would invite Zhong Shi to dinner.
"We don't have to eat, after all, it's our obligation. Luckily, this time you came, and our cash pool was just the right amount of money, so we wouldn't have to sell off assets in the short term. But I'm curious, why did your big boss want to recoup his investment at this time? Zhong Shi naturally wouldn't go to his banquet, in fact, he wished that this Zheng Xi would leave soon, but before leaving, Zhong Shi still had to ask what the reason was.
"Hey......"
Zheng Xi let out a long sigh and glanced left and right, and when everyone who came with him saw this, they all left Zhong Shi's office with interest, and it didn't take long for Zhong Shi and Zheng Xi to be left in the entire office.
"It's hard to put into words. But since Zhong Sheng is so refreshing, I don't hide it anymore. Zheng Xi saw that it was quiet here, so he shook his head and said, "In recent years, the situation in eastern Guangdong has gradually formed, and the central government is very dissatisfied with this, and it is taking advantage of this opportunity to adjust the high-level of eastern Guangdong." Although our faction and the Yangyue Gang fought fiercely, everyone has always been a native faction in eastern Guangdong, and we don't want the central government to intervene here, but this time we can't resist it. ”
He didn't hide the fact that he had an official background, and the other party must have known it, otherwise he wouldn't have agreed so happily to help them take care of their funds.
After sighing for a long time, he continued: "If it's just a foreigner to be the leader, that's it." Due to the Asian financial turmoil, certain leaders have used excuses to find trouble, saying that they will rectify the financial order in eastern Guangdong, ban underground banks, and audit state-owned assets. You also know that the eastern part of Guangdong is in line with Hong Kong, the economy is the most liberalized, and the currency circulation is quite convenient. Even our big boss had to protect himself in this situation, and first transfer some of the funds back to fill the loopholes. ”
Zhong Shi was stunned when he heard this, and thought to himself, good guy, it turns out that the funds I take care of are not their own funds, but borrowed from state-owned funds, no wonder if there is a loss, I will have to bear it personally. These guys are taking out state-owned assets for investment in a big way, and how fat are they bold.
However, although he was resentful, Zhong Shi could not do anything about it, and the state-owned funds were still worth their value, right?
Looking at Zhong Shi's uncertain face, Zheng Xi thought he was scared, and after chuckling, he comforted Zhong Shi and said, "Zhong Sheng, don't worry." I promise that I won't find out about you, in fact, as soon as the funds are in place, all the loopholes will be filled, even if someone wants to make trouble, they won't come to you. ”
After chatting for a while, Zheng Xi got up to say goodbye, and walked away with his entourage proudly, and left a sentence before leaving: "Zhong Sheng, I hope we have the opportunity to cooperate again." ”
"Cooperation? Cooperate with your mother! Zhong Shi cursed in his heart, he was so angry at this kind of rat behavior that he didn't know what to say.
……
Zheng Xi, who left the Tianyu Fund, did not stay much, and a convoy rushed to the east of Guangdong through the cross-sea tunnel. Walking to a junction in the New Territories, I saw a long line of trucks parked in the middle of the road through the brown glass, and there were two cars rear-end at the front of the traffic.
"These people really don't have a sense of morality, and I don't know how to call a trailer first, but fortunately I didn't block my side." Although this scene was only fleeting, Zheng Xi, who was in a good mood, still saw it clearly, and after feeling a lot of emotion in his heart, he hummed a little song and drove into the mountain road, all the way north. (To be continued......)
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