Fight to the third generation

Assistant Zhuang Wei asked on the phone: "I checked and found a total loss of just over 640 million US dollars. If you really choose physical delivery, there will be no problem with capital. In addition, there will be some transportation, storage and other expenses. Boss, you What do you think should be done?"

Su Yehao had a headache, scratched his head and asked, "Where is this batch of copper now? Someone write a report to explain the whole matter clearly. I will see it before I get off work today."

"London Metal Exchange's warehouse receipts, the physical delivery volume of the exchange only accounts for a small part of the total trading volume, and most of them will not carry out physical transactions. The quantity of this batch is a bit large, mainly scattered in Singapore and the United States. In the warehouse, there are several companies such as C. Steinweg, Metro, and Henry bath, and I can send the documents to your mailbox right now."

Assistant Zhuang Wei thinks this matter is a bit serious, mainly due to the illegal operation of traders.

As for the loss itself, it is not too serious. Since the beginning of this year, the family office has assisted Su Yehao in financial management, with a total profit of more than [-] million US dollars. He has made a lot of money by being long on Nasdaq, long on the Hong Kong Stock Exchange, long on crude oil futures, etc. .

Since it is financial management, it is also a high-risk type, there are profitable projects, and of course there are also money-losing projects, so Assistant Zhuang Wei wondered what the trader was thinking, and chose physical delivery out of anger.

She hesitated for two or three seconds, then pressed:

"I checked the record of that trader. He came to our company for two years and three months. During this period, the rate of return was very good. He came from Morgan Stanley before. What do you plan to do with him, boss?"

Su Yehao was a little tangled up.

A disobedient guy like this should be fired directly, just to make an example of others.

However, since the other party is decisive enough to choose physical delivery, it seems to show that he has his own opinions and ideas, and he should have the ability, which may be a talent.

After being in a dilemma for a moment, he finally let go and said to Zhuang Wei:

"Well, let him write the report himself, it's a chance to explain sophistry. He will judge the case, and there will be a trial session. I want to know what he thinks about the whole thing."

Assistant Zhuang Wei's position is quite high, she is said to be Su Yehao's assistant in name, but in fact, she has the right to intervene in most matters of the family office.

After hearing Su Yehao's words.

Zhuang Wei guessed that there might be a turning point, it mainly depends on what he, the boss, thinks, and replied calmly:

"Okay, I understand. I think that guy has already packed his personal belongings and is about to leave. I asked his boss to call him back. Do you want to ship that batch of physical copper to the mainland? I just heard you mentioned that there is a huge demand in the mainland. "

10,000+ tons of things are not small cross-border express delivery.

Su Yehao didn't dare to make a decision lightly. He thought for a while and said, "Let's talk about it after I understand it clearly. Anyway, it won't be damaged. At worst, I have to pay some storage fees. How much is the price of copper per ton recently? Since the short-selling failed, how high is the increase this year?"

"...Boss, wait a moment. I'll ask you first, and I'll call you back later. This is not a project I'm personally responsible for."

"Oh, forget it, I'll look it up online now, so you don't have to ask for me."

After finishing speaking, add a few words.

After Su Yehao hung up the phone, he went straight to the study and turned on the computer.

It is already 2004, and the survey data is much more convenient than in previous years. The Athens Olympics is about to open, and there are only four years left before the BJ Olympics. The world is not so... retro.

Especially in the Mainland, the changes are particularly large.

There are people who have been in prison and stayed in it for more than ten years before they came out. When they saw the Internet cafe, they were dumbfounded and asked them why they rented a TV set. It was out of touch with the times and made a lot of jokes.

There are also large differences in lifestyle among the elderly, middle-aged and young people.

Let the generation gap between different age groups far exceed other eras in history, and the development of the information age is particularly rapid.

After checking the financial data website, I found that the LME copper price is 2485 US dollars per ton, and the first-hand copper is 25 tons.

Finding the online calculator and pressing it, the total amount was only more than 300 million US dollars. This made Su Yehao heave a sigh of relief. No matter whether he temporarily borrowed from the bank or paid for it out of his own pocket, there was no pressure on him.

More than 3 million US dollars of copper.

With the speed of infrastructure construction in the Mainland, it won't take long to digest it, and it won't make much splash...

Chapter 978

Assistant Zhuang Wei was on the phone just now and didn't make it clear.

Su Yehao was also at a loss, thinking about how to speculate in the futures properly, how could he achieve the situation of physical delivery of 13 tons of spot copper.

Wait for him to read the documents in the mailbox.

One of the letters showed the trader's trading process, which made Su Yehao understand the real reason.

The trader did lose a lot of money along the way, almost $700 million in total.

Probably last month, which is mid-July.

He has gone from idling to long, and he has exhausted his former short allies, vividly demonstrating what it means to blindly follow the trend when the price rises.

With the traders in the family office under the name of Su Yehao, the competitors in the ring are mainly Japanese copper merchants. It is estimated that the increase in copper prices is coming to an end, so the copper merchants have built a huge short position in futures to hedge their physical spot on hand. risk.

They can make money from the spot market when the copper price rises, and they can make money from the futures market when the copper price falls, at least neither of them will lose too much.

Wait until before option settlement.

The traders under Su Yehao probably didn't expect those Japanese copper merchants to choose to deliver in kind.

It was probably because the copper merchants knew that Su Yehao didn't have a company that produced copper products, and they hoped to recover some losses through private negotiations.

Su Yehao is not yet clear about the specific process, and the detailed report has not been sent to him yet.

However, looking at the specific transaction, some clues could be found, which allowed him to guess the general situation.

At the highest point, more than 5000 million US dollars have been lost.

If the trader's boss didn't know anything about it, Su Yehao wouldn't believe it at all. His risk control department is not a decoration, and without the help of his boss to cover it, it is impossible to hide it from everyone's eyes.

Perhaps because he was afraid of being blamed, he simply broke the jar and went all the way to the dark.

And then prepare to make up for the loss by following the trend and doing more, and then cover up this loss-making transaction. As long as the accounts are smoothed out, there will be no major problems.

In the end, when I reported to Assistant Zhuang Wei, I lied a little more, saying that the passive acceptance of the goods was an active request for physical delivery, and I tried to make a big deal into a small one.

In case of big luck, the price of copper will rise further, and the 13 tons of spot copper in hand will still have a chance to continue to appreciate.

From the results.

In the two-week long process, it has indeed recovered about 2000 million US dollars of losses. If the Japanese copper merchants surrendered and did not choose physical delivery, it is likely to make up for some losses.

What was lost has already been lost, and the pursuit of responsibility is not the most important thing for the time being.

Su Yehao could vaguely guess that those copper merchants were betting that they didn't need these physical coppers, and that they couldn't afford to buy them, and they would break the contract in the end, which was definitely not within the scope of the other party's consideration.

After all, he is Su Yehao, who is worth tens of billions of dollars. Bet that he can't afford more than 3 million dollars... Isn't this a head-scratcher?

The problem is neither big nor small.

Su Yehao remembered that during the subprime mortgage crisis in 2008 in his previous life, a trader at Société Générale traded illegally without authorization, almost causing the entire bank to go bankrupt.

Although the incident that happened under his hands did not lead to such serious consequences, it must not be taken lightly. Otherwise, other traders will follow suit. Of course, it is possible to help Su Yehao earn a lot of money, and the risk of causing him heavy losses is also very high. high.

Capable traders inevitably need to have enough self-confidence. They earn money and get bonuses, but the losses are handed over to the company. This requires the formulation of rules and regulations to restrict their trading operations.

Compared with the trader himself, the boss who helped him cover up made Su Yehao feel that more punishment should be given, which has little to do with the loss itself.

Actually.

Even if someone told him before that he lost more than 5000 million US dollars in futures speculation, Su Yehao would probably laugh it off.

Others need success to prove themselves, while Su Yehao wants to use some investment failure cases to make his series of operations more authentic and credible.

All investment projects are [-]% successful. That is a miracle that can only be done by God of Wealth himself. He is too dazzling now, wishing to pour some dirty water on himself, copy the test papers according to the answers, and deliberately correct a few wrong questions Playing a cover belongs to the same principle.

Linda Yun has been fishing since morning.

Taking advantage of Su Yehao's lunch break, she also took a nap.

Sleepy-eyed chatted with Su Yehao for a while, and asked in surprise: "So much copper, why did you buy it back and put it in the yard to pile up pyramids and play with it?"

"I want you to read more, but you insist on letting pigs go. The Egyptian pyramid is a large tomb, which is of the same nature as our tomb. If this thing is placed in my home, I won't be scolded to death by my grandfather and father?"

After Su Yehao finished speaking, he laughed first.

The older generation in the family is more superstitious than the other, and there are many wealthy businessmen similar to them in the local area.

So much so that the last time Huang Daxian even called him and asked if the villas facing the sea in Kai Tak Cyberport were for sale, or he could also go to King Crab Island to get a villa. His tone was really not bad.

It depends on Feng Shui's ability, which is another matter, but Huang Daxian's own life must be prosperous.

Su Yehao has seen photos on the Internet, and it is said that he has driven a Rolls-Royce Phantom, and has even teased young models from the second and third tiers.

No wonder people always say that knowledge can change destiny. Mr. Feng Shui, who graduated from the University of Manchester and understands finance, is really different.

He continued: "Copper, like gold, is a hard currency. Keep it in your hand for a while. The market is so good, it is likely to continue to rise."

I don't have much research on copper prices, but Su Yehao vaguely remembers that doing cable and enameled wire business is very profitable these days, and there was a time when the richest man in their city was doing cable business.

Considering the huge demand for infrastructure in the Mainland this year, a rise in copper prices is a high probability event.

He still has idle funds in his hand, so it is no problem to store them for a period of time, but if he sells them immediately, the loss of more than 3000 million US dollars will be a loss, so it is better to wait and see for a while.

Mentioning copper reminded Su Yehao of iron ore.

He asked Linda Yun to go to the assistant's office and bring over the investment materials about Australian ore.

Previously, through 5S asset management, people invested in Forty Hill Metal stocks in Perth, Western Australia in advance. As for giants such as Rio Tinto and BHP Billiton, the market value is too high. Among them, BHP Billiton has a total market value of more than 500 billion US dollars, which is completely invisible Possibility of holding it.

And Fortihill Metal is not only short of funds, but its scale is not too large. When it is time to free up, Su Yehao might try to buy it directly and cultivate it as a cash cow...

Chapter 979

Linda Yun is so lazy, how could it be unnecessary.

Su Yehao asked her to go to the office to get the documents, and she called again and asked someone to find an intern to bring them over.

As the number one personal secretary, he only needs to do well what Su Yehao ordered. As for how it is done, or who does it, it doesn't matter.

After all, it is the most luxurious house in Hong Kong City, and the expansion of the garden will cost hundreds of millions.

Even if it is hot in midsummer, if you can come to Su Yehao's house in Big Wave Bay, this precious opportunity will allow a group of young people to grab their heads. After get off work, you can find a small bar, and you will have something to brag about with your friends up.

It is also true that as a wage earner, you also have to pay attention to who you work for.

Being able to squeeze into Su Yehao's family office means that there is no income gap, and the average salary is as close as that of the major financial companies on Wall Street. It is a shame to say it out.

It took some time to prepare the materials related to the iron ore project.

The person who came to deliver the documents was a young girl, less than 1.5 meters five, thin and tender, and people believed that she was a high school student.

When she was meeting with the sneaky Linda Yun, she was caught by Su Yehao.

I saw Su Yehao suddenly appearing at the door, chewing gum in his mouth, teasing Linda Yun and saying: "Okay, you just bully your subordinates like this, how long will it take to drive to Central by yourself, you are so lazy .”

The little secretary who came to deliver the documents was a little nervous, but Linda Yun had already become an old fritter, and she retorted with a smile:

"I'm not worried about your sudden order, so I dare not leave the post casually. The documents you asked for have been delivered. I'll help your son heat the breast milk first. It's almost time for afternoon tea."

Linda Yun flashed away in an instant, and she slipped so fast.

Don't look at her being so lazy all day long, the main reason is that the position of personal life secretary is already idle, and the specific work is handed over to Ms. Zhuang Wei, who is an administrative assistant. Linda Yun is just doing chores.

Su Yehao was left behind and looked at the little secretary in front of him. He felt that he should say something, to show his affinity as the boss, so he held back for a long time and said, "How old are you? Is it possible that our company still employs child labor?"

"..."

The little secretary in front of her was hit hard.

As a woman, who doesn't want to be charming and cute, and just walk around the street casually, and be able to fascinate a lot like Nong Qingying, Yin Liuli and the others.

She smiled awkwardly, straightened her back and replied:

"My name is Huang Li, and I work in the secretarial department of the family office. I am 22 years old this year. I just signed a contract with the school last fall, and I have only joined the job for more than a month. The school I graduated from is your alma mater, the Faculty of Arts of the University of Hong Kong, and my family lives at the foot of Jixiong Mountain... "

The corners of his mouth twitched, Su Yehao saw that she was nervous, and thought that he was not an account checker, so he took the documents and asked casually: "Oh, the Faculty of Arts, University of Hong Kong, what kind of work are you in charge of? Writing documents and speeches? "

"It's still in the internship period. Recently, the assistant office is preparing to expand its recruitment again and add a European office. I am in charge of the recruitment poster."

Huang Li thought that she should take the opportunity to show off, took out the design draft from her handbag, unfolded it and showed it to Su Yehao.

After Su Yehao looked at it, he found that the style was quite satisfactory, just some simple words.

He stroked his chin and considered for a while, then only said:

"The impact is not enough, and we haven't shown our true advantages. Let's do this. I just happen to be idle now. You can help me arrange a photographer. Recruitment is a big deal, and it is very important to attract talents to join."

Huang Li was a little confused, of course she didn't dare to pick Su Yehao's thorns in person, and asked curiously: "May I ask the boss, what are the real advantages you mentioned, such as large scale, abundant funds, high salary, high benefits, and comfortable office atmosphere, etc., I mentioned them all... ..."

Su Yehao didn't give a damn. He smiled and pointed to himself, and told him, "The biggest advantage of joining our company is that you are working for me. As long as you are good enough, you have great potential for growth and the ceiling is extremely high."

"..."

The little secretary, Huang Li, didn't know what to say for a while.

But when you think about it carefully, it seems reasonable. Many of the people who joined Su Yehao's family office first were transferred to serve as executives in their subsidiaries. Not to mention a million annual salary, there are several who have an annual salary of tens of millions of Hong Kong dollars.