Chapter 145: Growth (8

Tang Yi heard Huang Xuan's voice, turned around with a smile, and said, "Huang Xuan, can't you sleep at night?" Have you eaten? He liked the boy very much, he was young, quite accomplished, and seemed to have a great talent for language. It will not be like many young and ambitious children, stubborn self-righteousness.

"They brought me a steak and two bottles of Coke." Huang Xuan said with a smile: "It's just that the amount is a little small, I heard that there is a bathing sauna on the 7th floor, and I want to try it."

Naturally, the sauna in Langham will not look like some small streets in China, but Tang Yi smiled and waved his hand, and said in Greek: "I can't do it anymore, I'm old, and the sauna is too tired." Well, I would like to introduce you to a friend of mine, Mr. Klimeinos from Greece, who is now in charge of Onassis' property, but will be handed over to someone else. He had apparently heard from Huang Xuan's parents that Huang Xuan knew Greek.

The last sentence obviously has a hint of ridicule, just like Tang Yi's usual style.

Huang Xuan knew that Onassis was the legendary Greek ship king, but he had been dead for thirty years, and since he had no heirs, his property was under the supervision of four Greek merchants, waiting for his granddaughter to come of age. Recalling the rumors he had heard in the family, he shook hands with Klimeinos with a smile and said in Greek: "Hello Mr. Klimeinos, I am Huang Xuan. He looked at Klimeinos suspiciously, and said, "Have we met somewhere?" ”

"That unforgettable lumber mill in Brazil." Klimenos chuckled.

Huang Xuan suddenly remembered that this slightly fat-looking Greek merchant was none other than Galadia's uncle, the timber merchant from Greece, but due to the attack from the travelers, he left without even leaving his contact information. After that, I was always busy, and I never had a chance again.

He "touched" and "touched" his head, and smiled embarrassedly: "At that time, it was too chaotic, and the impression was blurred." ”

It's a clumsy lie, but it's easy to use, Tang Yi smiled and put his hand on the shoulders of the two of them, and said, "It's good that you all know each other, Xiao Huang, I didn't expect you to have a wide range of friends." ”

His last sentence is said in Chinese, this "little yellow" not only corresponds to Huang's father's "old yellow", but also similar to the Chinese's eyes, those village heads and alleys, "human friends", such a statement made Huang Xuan scratch his head for a while, changed the topic: "Where is Uncle Tang going to go?" ”

Klimeinos was not at all displeased because they spoke in Chinese, and when he heard Huang Xuan's question, he naturally replied: "Do you know the Dorchester Hotel, the Chinese restaurant there has a very good reputation, I have been famous for a long time, this time I heard that Tang Yi came, I wanted to invite him to try it, and by the way, help me order." He patted Huang Xuan on the shoulder, like an elder, and said, "How about it, come with us?" ”

"It's fine." Huang Xuan smiled in response, he suddenly missed Galadia very much, although this longing was no longer as strong as the initial emotion, but the pounding heartbeat told him that the fashionable blonde was still secretly "seducing" him.

The owner of China Tang is David Tang of Shanghai Tang Chinese Restaurant, who has worked hard for many years to build this Tang Tang Restaurant into the most famous and expensive Chinese restaurant in London, and on the way, Tang Yi said in his characteristic upward 1.5 degree tone: "If it weren't for Klimeinos for a treat, I would never have come here, Peking duck is 280 pounds each, even if I spend it with public funds, I can't afford it." ”

Huang Xuan almost squirted the tea out of his mouth before he took the menu from the waiter, and the Mar-Boh Tofu was £35, the Pot Sticker was £22, and the Yang Cho Fried Rice was £79. In the simplest way he can think of eating, it costs 100 pounds to ask for a Yangzhou fried rice and something like seaweed soup, and another 50 pounds to wait for a cup of oolong tea, which is a problem solved in 10 minutes in a small Chinese restaurant, and it costs more than 1,000 yuan here.

Grinning and returning the menu to the waiter, Huang Xuan still smiled in Greek: "Fortunately, I am used to being slaughtered, but I didn't expect our slaughtering technology to develop all over the world." ”

"It's a good thing." Tang Yi said while looking at the menu: "A French person can eat a set meal in China for 5 francs, and we still need thousands of yuan to eat French food. He laughed as he spoke.

Huang Xuan is not too open, after all, everyone here is elders, so he only smiled in his heart: This Uncle Tang is really from the State Council, and he doesn't forget the Price Bureau when he eats.

The night of the foggy capital is full of empty streets and unbreathed air.

Huang Xuan is eating a 500 yuan cup of oolong tea, eating a soup bag of 200 yuan, and his heart is quite satisfied - even at home, it is rare to spend more than 1,000 yuan on a meal, Huang's mother is a good housekeeper, she can always remember the dishes that her husband and son like, back and forth, but will not deliberately waste, whether it is in the Huang family or the Zhang family, the extravagant atmosphere is far less common than the foreign families of the nobles.

Clemenos and Tang Yi chatted casually, sometimes in Greek and more often in English. Tang Yi's Greek can only be used for everyday conversation, but in terms of the domestic environment, it is also very good. Compared to the professors who studied the history of ancient Rome and made grammatical mistakes in their papers, he was still in tune with the world.

Huang Xuan's Greek is no better than Tang Yi's, these days, he occasionally learns some English, mainly because of Cai Wenji's encouragement, this genius beautiful girl, without the assistance of the base, was stunned to memorize a concise English-Chinese dictionary, Huang Xuan almost thought that he had met a fairy.

Of course, memorizing a dictionary does not prove a person's language ability, but it can prove ability. For a stunning woman like Cai Wenji, it takes a week to memorize 5,000 words, but she has been trained since she was a child and can memorize two articles a day.

Eating hard at 289 pounds a plate of honey sauce barbecued pork (B.B.Q. Pork), Huang Xuan cocked his thumb and said, "This barbecued pork is very authentic, Mr. Kremenos try it." "I slandered in my heart: If you buy it in Nanjing, about 40 yuan is enough.

Klimeinos smiled and chose a piece with a fork, turned his gaze to Huang Xuan, and said: "Many people tell me that your Hexin Industry is operating very well, but I don't understand a little, why do you want to buy an energy company, as far as it seems that the profits of the power sector are declining year by year, and Brazil is even more prominent, what is your future direction?" ”

The so-called "a lot of people tell me" is naturally the mantra of Klimenos, and when he said this, Huang Xuan, who was focusing on barbecued pork, was stunned and blurted out: "Agriculture." ”

"Agriculture?" Klimenos thought for a moment and asked, "You want to focus on Shengfeng?" ”

"Yes." Huang Xuan put down the chopsticks, supported the table with his hand and said: "I personally think that the application of bioenergy, as well as the increase in the population in underdeveloped areas, requires a lot of food, but now many regions are trying to improve the quality of agricultural products, and at the same time there is a price, I think this will not necessarily bring high profits, especially in the case of intensive production, and." He looked at Tang Yi and said, "This is not good for people's livelihood." ”

Tang Yi nodded with a smile and said, "At such a young age, being able to say the word people's livelihood is much better than my son." ”

Huang Xuan prayed in his heart: I didn't do the increase in international grain prices, I only transported tens of thousands of tons of grain.

Klimeinos nodded in agreement and said, "Brazil is a good place to develop agriculture, perhaps the best place on the planet, with 'government' support, large farms, and countless land to be cultivated, which is very good. ”

Huang Xuan listened carefully, and continued: "You know, I'm still young now, so I want to get in touch with various companies, and buying Furnas is just a try, although the current business situation is not good, but there is always a profit." He laughed and said, "I also think that Brazil's strength is agriculture and animal husbandry, and I recently bought thousands of horses and want to develop in this area." ”

"Animal husbandry is a systems project. A lot of people tell me that it's much harder to get a horse than it is to run a factory, and that's how I sometimes feel. "But as far as I can see, you have too many kinds of companies, warehousing companies, power companies, agricultural companies, and there is almost no overlap between them, which will make the operating and management costs go up, and you also put them in a group." ”

The so-called ginger is still old and spicy, Huang Xuan knows that what he does intentionally or unintentionally is nonsense in the eyes of many operators, but the actual profits he gets from these nonsense are far beyond what people in this era think. But now, he still made a gesture of shame, nodded, and said, "I was a little anxious at that time. ”

Klimenos smiled as if understanding, and said, "When I say this, I actually just want to introduce you to a few management talents. He said and looked at Tang Yi, and said: "You know, in the past few years, many well-known companies have gone bankrupt, and at that time I recruited many people to my company, but in another six months to a year, I will also hand over the regulatory responsibilities in my hands, and many very good talents may be difficult to stay in Onassis's company, and you are the youngest and most promising one among the people I know, so I want you to promote them." ”

"I do need some professional managers." Huang Xuan thought of several subsidiaries whose operations were getting worse and worse, rubbed his lips and said, "That's it, let's talk about it when I return to China." ”

“OK。” Klimeinos smiled and shook hands with Huang Xuan, who pretended to be relaxed and said, "The last time we met together, how is your niece, Galadia now?" I didn't leave her contact details. ”

"She's been busy lately." Klimeinos smiled strangely and said, "She has a lot to deal with, and I will convey your greetings to her." ”

Huang Xuan shrugged his shoulders and said that he knew, but he didn't want to say anything more.

……

The following day was a compact and busy day, Huang Xuan did not go to Christie's auctions, he stayed in the British Securities Building all day, playing with McLeiwether in a heartbeat. This kind of posture made Tang Yi very impressed, and he mistakenly thought that Huang Xuan had handed over all the rights to him, and naturally expressed this affection in his heart.

Anonymous auctions and then bidding on their own is a simple and commonly used method of money laundering, and the obstacles that Interpol usually encounters in the investigation of such cases lie in the identification of the auctioneer and the bidder, and Tang Yi, as an intermediary, is almost impossible to detect.

Because it is a set of auctions, the speed of the auction is very fast, Tang Yi used more than 3,000 yuan in cash in his hands, plus 300 million US dollars handed over to him by Huang Xuan, to get 80% of the auction items, and most of the rest are not of high value, or too many duplicate bamboo slips.

At the moment when Tang Yi was besieged by many media, Huang Xuan's eyes were glued to the screen until he became sour and sleepy.

Because Fusheng Securities could not come up with more funds, Leslie, who was reluctant to give up, was forced to continue to expand his financial leverage, from 20 times to 30 times, and while he was long, Mailyweather and many Wall Street groups lurked behind him, slowly estimating these bonds.

Buying and selling bonds is very unfamiliar to many people, but in fact, in the international market, most hedge funds come to buy and sell bonds.

Bonds include "government" bonds, corporate bonds, etc., such as China's government bonds, which are a type of "government" bonds. The way to make profits, for example, is that the U.S. government issues bonds every six months with a maturity of 30 years, and because it is generally believed that U.S. government bonds are the least risky investment vehicles - the Chinese "government" is also buying such bonds - so after 6 months or more of bond issuance, investors will put these bonds in a safe deposit box and hold them for a long time, and as the circulation of 30-year bonds becomes less and less, it becomes more difficult to trade. Therefore, on Wall Street, the old bonds that are 29 years and 1/2 away from the maturity date are called "non-current bonds", while the newly issued bonds are called "current bonds", and the market generally believes that the value of non-current bonds is relatively low.

This raises the question that you can buy non-current bonds at a lower price, so you get a higher yield, but in reality, the US 'government' doesn't pay even a penny more for those six months, so the market is actually skewed.

When this deviation is large enough, those arbitrage agencies will come in, and for them, 10 basis points will be enough. Although according to most people, 1‰ of profit, $1,000 can only earn $1, but for institutions that use financial leverage, $1 billion can be gambled to $1 million.

It's not just U.S. "government" bonds that have this problem, but many corporate bonds, or other "government" bonds, such as Chinese government bonds, which are traded at more than $170 billion a day in all kinds of bonds around the world.

Leslie also chose a few less liquid bonds, but Fusheng Securities is not a hedge fund - theoretically, buying $1 billion of current bonds and $1 billion of non-current bonds is only 1/25 of the risk of buying only one of them - so when Leslie made the decision of 30 times financial leverage, his risk was virtually expanded by more than 1.5 times.

He bought a total of $4 billion in bonds, and from a financial point of view, Leslie's choice was not wrong, and these bonds would inevitably return to normal track, but before that, he would lose one-ten-thousandth of a basis point for every one basis point of non-current bonds, or $400,000. Again, as long as he can survive until these bonds return to normal, he can earn $400,000 for every basis point of rise.

For ordinary corporate bonds, 10‰ is a cut-off point, and now the price has floated to 16‰, Leslie is holding back a lot of energy and wants to make a big profit.

And the role of Lorraine is to choose the right time to cut in, and then exit at the right time, and then enter and exit, always interfering with these bonds, delaying them back to 10 per thousand. time.

Huang Xuan's funds are not enough to fight against the market, but Leslie's money is even less, Fusheng Securities has 200 million US dollars, and now there is 140 million left, which is already its limit, just 1 month ago, McLeiweser's JM only had a principal of 150 million US dollars.

"Pull these bonds up by two thousand points." Huang Xuan silently calculated in his heart that Leslie entered the market at almost 12 ‰, and under 20 times the financial leverage, he lost 2‰, that is, 4 million US dollars, and then he increased his financial leverage - this is because the soybean oil bill sent by Huang Xuan consumed funds, and under 30 times the financial leverage, he lost another 2‰, of course, since the loss rate is calculated according to the total amount of bonds, he also lost 4 million US dollars, so that his loss has exceeded 8 million US dollars, But because Leslie bought an array of bonds, the margin for a single bond, such as the current Volt's Company, has bottomed out.

The so-called margin, simply put, is the money that the investor guarantees that the bank will not lose when borrowing from the bank, in other words, when you make a profit, there is no problem, but the money you lose must not exceed the money you really have, and once the bottom line is reached, the bank will recover its money. Therefore, the margin system is a system in which profits and losses are magnified.

McLiwether didn't understand why Huang Xuan always knew Leslie's bottom line, but he would never ask this question, on Wall Street, everyone has their own unknown way. He arranged the time period for the funds to enter, walked to Huang Xuan's side and said: "If he is forcibly liquidated this time, the bank will definitely ask him to add margin." ”

"What if he can't?" Huang Xuan asked knowingly.

"Either he will have to force out a few of these positions and fill them in the others, or he will withdraw them all now, and according to the current situation, he will lose $15 million, but the loss is manageable."

Huang Xuan smiled and said, "If he were the boss, he might do this, but he is not." ”

Mary Weatherer nodded silently, this is a game that every trader will encounter, you know that it is extremely risky to continue to do it, but you have to continue to do it, because the current loss is intolerable to the boss, which is equivalent to saying, continue to do it, it is possible to keep your current position and salary, the only thing that can stop this crazy move is the record in the industry.

Leslie obviously chose to continue to do it, he is a senior partner of Fusheng Securities, if he fails, without this partner status, it is difficult for him to become a partner or employee of other companies, his choice is more direct than that of ordinary traders.

"Quickly pull up the remaining few bonds." When Lorraine heard McLiweser's call, Huang Xuan immediately ordered.

The large amount of short money seriously affected the trend of these bonds, they rose by 3‰ in just a few minutes, these are not US "government" bonds, 10 billion US dollars is enough to pull them to a high of 20‰.

No matter how stupid Leslie is this time, he also knows that someone is sniping him, in fact, any securities company may encounter sniping, sometimes intentionally, sometimes unintentionally, you can't force a position because someone is doing the same bond with you, so he didn't care very much in the first place.

And now, the bank's ultimatum has been issued, and one of them has been forcibly liquidated, and Huang Zhengsheng has been a little furious.

$140 million in assets is nothing to the Huang Fund, but $140 million in cash is very important. What's more, Fusheng Securities is very likely to go bankrupt because of this, and the panicked investors will withdraw their funds frantically, which will bring about a chain reaction that will destroy the funds that are operating in the long run, if such a thing happens, Huang Sugui's assets will lose more than 400 million US dollars, and he will not only be able to transfer funds in violation of regulations, but also fall into a state of anxiety because of past records.

For the operation of its overall capital chain, such a thing is disastrous.

Leslie had already lost his face, he pushed Huang Zhengsheng away with one hand, and said, "I am Fusheng's senior partner, so I have the right to decide what to do." He said and ordered: "Close the positions of No. 776 and No. 921, and the remaining money will be added to other positions." ”

"You're crazy." Huang Zhengsheng almost roared: "What if these bonds continue to rise?" This is an increase in losses. ”

"We've lost 25 million, 20%, sir, what's the difference between a loss of 10 million more for this company?" Leslie didn't even look at Huang Zhengsheng.

The latter was speechless.

……

21st Floor.

Huang Xuan shook hands with McLiwether and said with a smile: "I'm going to Brazil in the afternoon, and I'll leave the rest to you." ”

In the investment world, there are many ways to withdraw the funds that have been trapped, and the one he is most skilled in using is naturally the gradual shorting method proposed in Merton's "risk-free arbitrage model". For example, starting from 30 blocks, and constantly gradually shorting at 29 and 3/4, 29 and 1/2, etc., can minimize losses.

As a trader, McLeiwether also admires Huang Xuan very much, there are many Wall Street people who can get inside information, and those who can use this kind of news to lose $50 million without changing their faces, just to make others lose $100 million, such a rich man is a financial giant who is really suitable for Wall Street.

He didn't understand that Huang Xuan's foundation was in the Huang family after all, and Fusheng Securities was equivalent to Huang Sugui's personal bank, this "bank" collapsed, and Huang Sugui's capital chain would be tightened, and this was the first step to tear it off.

……

When Huang Xuan said goodbye to the two, Professor Tang squinted and said, "Now go to Brazil, don't skip school?" ”

Huang Xuan smiled awkwardly and said, "Company business, company business." ”

Lorraine directly shook his ear drum and said: "Dian Wei will arrive in São Paulo at 9 o'clock tomorrow morning, our arrival time is 1 o'clock in the afternoon, there are currently 12,000 tons of various grains in the Cabraith warehouse, including various commodities from wheat, corn to soybeans, in addition, your favorite weapons are in the base." ”

"You should like weapons." Huang Xuan smiled and waved his hand to Tang Yi, turned around and got into the car, and said, "The weapon is to protect oneself and is necessary for dimensional travel. ”

"If it's a biological weapon, I'm not against it, but in fact, the metal weapon you carry has no advantage other than that it doesn't consume energy to hit."

"That's the advantage." Huang Xuan smiled and said, "A little bit of an advantage is also an advantage, and when we get to the airport, we will talk about this issue." ”