Rebirth 76: Industrial Internet Empire

After Qian Ning introduced the past and present life of the City of London in a somewhat pretentious manner, Yang Mo asked confused: "Where is the London foreign exchange market? Why didn't you see it? Isn't it here?"

Lin Xi looked at Yang Mo like a fool and said disdainfully: "The hundreds of local clearing banks and designated foreign exchange banks here are the London foreign exchange market. There is no fixed trading place!"

Qian Ning also patiently explained: "Mr. Yang, the London foreign exchange market is different from other European foreign exchange markets with fixed trading venues. Approved foreign exchange brokers have very complete telecommunications network equipment and can handle various immediate transactions quickly and flexibly." Six years ago, after the British government completely lifted foreign exchange controls, you didn’t even need a foreign exchange broker. You could directly open a foreign exchange trading account at a designated foreign exchange trading bank and conduct transactions directly!”

"Doesn't it mean that every transaction we make is exposed under the eyes of the bank? How do they facilitate the foreign exchange forward sales contract?" Yang Mo asked with a frown.

"According to the Foreign Exchange Transaction Law, banks that accept foreign exchange entrusted transactions are not allowed to disclose any transaction information of customers. Designated trading banks will summarize customers' forward sales contracts and facilitate transactions in the opposite direction. They generally choose to accept contracts that cannot be facilitated. Then seek risk hedging from other trading banks!" Lin Xi explained.

"It is better to believe in the integrity of the Anglo-Saxons than to believe in the loyalty of the brothel woman..." Yang Mo said disdainfully.

"We also have such concerns, so we have prepared a lot of accounts..." Chan Ning said.

Canada Place, City of London.

The UK headquarters of HSBC Bank is located here.

After George Summer welcomed Yang Mo and others into the VIP room with a smile on his face, he introduced himself: "I am George Summer, Executive President of the London Branch of HSBC Bank. Welcome to London. HSBC will wholeheartedly provide you with all the services it can." Serve!"

Yang Mo also introduced himself in fluent English: "Dear Mr. George Summer, I am Yang Mo, manager of the investment department of Qianhai Asset Management Company. Nice to meet you!"

After the greetings, George Summer asked the staff to complete the procedures for Yang Mo to accept the funds, and then asked with a smile: "Mr. Yang, I wonder which industries your company plans to invest this batch of funds in? HSBC has business outlets all over Europe and With deep human resources, we can provide Qianhai Asset Management with the best service..."

Yang Mo pondered for a moment and then said: "Mr. George Satsuma, the focus of Qianhai's asset management business has always been industrial, and this time is no exception. We will inspect some European and American manufacturing companies. Of course, as an asset management company, we are also very qualified. Interested in testing the London stock market..."

George Summer was waiting for Yang Mo's words!He quickly introduced: "HSBC is not only a commercial bank, but also a foreign exchange transaction bank designated by the Bank of England. It is also engaged in foreign exchange transactions, stocks, and commodity futures commissioned transactions."

After Yang Mo thought for a while, he said cheerfully: "Okay! Then please trouble Mr. George Summer to open a foreign exchange and stock entrustment trading account for me, leave 2 million US dollars, and transfer the remaining funds to other accounts for me!"

After completing the transfer, Yang Mo listened to the staff patiently explain the trading rules of the London stock market and foreign exchange market before saying goodbye and leaving.

Yang Mo divided the remaining US$8 million into more than a dozen accounts and transferred them to accounts opened by Citibank, UBS, Mitsubishi Bank and other multinational banks, and opened stock, bond and foreign exchange entrusted trading accounts one by one.

For several days in a row, Yang Mo would appear on time at HSBC before the daily foreign exchange market opened, and listen to bank staff repeatedly explain to him trading rules, analysis of exchange rate trends, the differences between spot and forward foreign exchange contracts, as well as opening and closing positions. Lin Xi also has a thorough understanding of these trading rules from a legal perspective...

The receptionist's name is John Laird. His favorite person to receive is rookies like Yang Mo who have a lot of money and are stupid. These rookies have one thing in common, that is, newborn calves are not afraid of tigers, and they do not leave any for themselves during operation. The only way out is to get rich overnight or lose everything!

He can get the largest commission from such a customer. Of course, this is a customer that Mr. George Summer receives personally, and he can only follow him to drink a little soup.

As expected by John Laird, Yang Mo, who had just learned the rules for a few days, started to try trading: spot buying - 100 lots of 10 base currency (USD), quote currency (JPY), buying price 1: 248.5, fluctuation unit (0.001).

Without any investment analysis or investment logic, I place orders based on my own preferences.

After receiving the news, George Summer shook his head and said to himself: Jonathan praised Qianhai Asset Management as the god of investment, but I think it is nothing more than that!

It’s really no wonder that George Summer and John Laird looked down on Yang Mo. It’s okay to say that a few of them were so young. There was no technical team behind such a large investment. It all relied on the investors’ intuitive judgment. If such people could If you make money in the stock market and foreign exchange market, the bank should have collapsed long ago...

After testing the waters several times, Yang Mo, who had lost a few hundred dollars, pretended to be confused, looked at John Laird and said: "Mr. John, with such a small increase or decrease, there is not much room for profit or loss, right?" ?”

John Laird said with a smile: "Mr. Yang, the foreign exchange market is different from the stock market. It is leveraged trading. You are just trying to trade now. For real trading players, basically everyone will magnify their funds to 100 times or even higher to conduct transactions." , at this time, if there is not enough margin in the account, investors can liquidate their positions every time there is a fluctuation..."

Yang Mo nodded pretending to understand. Over the next month or so, Yang Mo bought Japanese yen, pounds, and German marks almost irregularly...

What surprised John Laird was that Yang Mo's illogical purchases could still make a profit on his books.

What is even more incredible is that Yang Mo also left such a large investment in the foreign exchange market directly to his staff, and took the company's legal affairs to inspect European manufacturing companies.

He used this method of pretending to be a pig and eating the tiger to distract George Summer, making him really feel that Qianhai Asset Management's series of irregular operations in the foreign exchange market were just to hedge the risk of exchange rate changes. .

Yang Mo didn't really go sightseeing, but took Lin Xi back to Xiangjiang. Reinforcements arrived. The game in the financial market is often like a battle. Who is more prepared and has more ammunition? You will have the last laugh!

During this period in London, although he dispersed his funds to more than a dozen accounts and began to build positions slowly and unnoticed, and the positions were relatively light, he had already felt the cruelty of the foreign exchange market. Many people's life savings were wiped out, and he didn't want Zhiyuan to fall into the darkness before dawn...