The Son of Finance of the Great Age

  Chapter 316 Soros who is long

  The depreciation of the Korean won is essentially a good thing, because in the current general environment, regional currencies are weak, and if the Korean won strengthens due to the intervention of the Bank of Korea, it will easily become a target of public criticism. At least from this point of view, the depreciation of the Korean won will make the performance of the Korean won less prominent in the currency market, and it may escape the attention of international hot money.

  Of course, these are just Park Hee Lai's wishful thinking. Although he is the governor of a country's central bank, he didn't know that there were already international hot money eyeing South Korea, and there were quite a few of them.

   Just when Park Hee Lai was about to spend some time explaining to Luo Xuan what the essence of the exchange rate was, an inexplicable visit happened at Zhong Shi's home.

"Zhong Sheng, this is Mr. Lin Legeng, Director of HSBC's Asia Pacific Capital Market Department. Mr. Lin is in charge of the Indonesian market. This time, he is here to discuss a deal with you about the Indonesian rupiah." When Andrew will After Lin Legeng introduced him to Zhong Shi, he called in the butler Lin Kaixuan without any hesitation, and asked him to prepare supper or something.

  Although Andrew has been here several times, Lin Kaixuan also recognizes him, but this kind of order still depends on the owner's eyes. Seeing Zhong Shi nodded slightly, Lin Kaixuan went away with confidence.

After lighting a cigarette, Zhong Shi sat down in the middle of the sofa in the living room, crossed his legs, kept shaking, without even looking at Lin Legeng, casually exhaled a puff of green smoke, squinted his eyes and enjoyed the After a long time, he said, "Lin Sheng, I heard that HSBC lent a large amount of Hong Kong dollars to international speculators. Is this true?"

Lin Legeng, who was originally restless, just sat down at this time, but after hearing Zhong Shi's words, he immediately jumped up like a spring on his buttocks, and his face changed suddenly. It was as white as snow. After laughing twice, seeing that Zhong Shi was still looking relaxed, Lin Legeng wiped the sweat from his forehead and said, "Zhong Sheng really knows how to joke, we are the three major hairdressers designated by the Hong Kong government. One of the banknote banks, how can you tear down your backstage business?"

Before the Hong Kong dollar was attacked, various "rumors" circulated in the market, including rumors about HSBC's large-scale lending of Hong Kong dollars to international speculators. Sell ​​Hong Kong dollars.

The reason why Lin Legeng’s reaction was so intense was because he was not sure what Zhong Shi’s purpose was. If Zhong Shi was a member of the international speculators but did not borrow enough funds from HSBC when attacking the Hong Kong dollar before, then At that time, he is very likely to vent his anger on HSBC, and then the deal he wanted to negotiate will be completely over.

On the other hand, the news that HSBC lent a large amount of funds to international speculators spread a lot, and there was even news that the Hong Kong Monetary Authority would impose punitive interest rates on several banks including HSBC. HSBC really went crazy internally, but fortunately, through emergency public relations, the rumors stopped.

   It doesn’t matter if you offend small citizens, but if you offend a super client like Zhong Shi, if Zhong Shi withdraws funds from HSBC and sells the brokerage channel in a fit of anger, it will definitely be a huge loss for HSBC. You know, Zhong Shi's Hong Kong dollar deposits in HSBC have reached billions.

  Although it is not clear what position Zhong Shi holds, Lin Legeng chose the official statement after a sudden change of mind. After all, this statement holds great significance. After finishing speaking, Lin Legeng glanced secretly at Zhong Shi, and found that the expression on his face did not fluctuate at all, as if he hadn't heard what he said, Lin Legeng secretly breathed a sigh of relief, thinking that he had made the right bet.

While Lin Legeng was secretly rejoicing, Zhong Shi also confirmed one thing through his fierce performance, that is, HSBC really participated in the process of attacking the Hong Kong dollar, but they not only got into trouble, but even The company's stock price also plummeted by more than half in just two weeks, and its market value was directly cut in half.

   It’s just that Zhong Shi is not a moral gentleman, and he doesn’t work for the regulators. Naturally, he will not be so boring as to comment on HSBC’s practice of secretly destroying the cornerstone of Hong Kong. The reason why he asks this question is from the memory of his previous life. At that time, there was a lot of public opinion in Hong Kong about the issue of HSBC, but HSBC always denied the relevant accusations.

As an industry insider, Zhong Shi naturally knows that there are jaw-dropping shady scenes in the financial industry. Not to mention other crimes, just talk about money laundering. fined up to $2 billion.

This life finally confirmed the doubts in his heart. Zhong Shi was in a good mood and made a rare joke: "Lin Sheng, don't be so sensitive. I just asked casually. You must know that I am also a cooperative relationship with you HSBC. A minority shareholder!"

When the stock price of HSBC fell, Zhong Shi took the opportunity to acquire some shares of HSBC Holdings, accounting for about 0.02% of HSBC’s total share capital. up.

Lin Legeng obviously didn't know about this inside story, but he wiped the sweat from his forehead cooperatively, and said with a wry smile: "Zhong Sheng, you are a big shot, please don't have this kind of business with us wage earners in the future. Just kidding, my old man has a bad heart, and I’m afraid that after being stimulated by you again and again, I might die one day. My death is a small matter, but it would be a serious crime if you were charged with scaring people to death.”

"All right!"

Zhong Shi waved his hand, gently uncovered the stubble, then squinted his eyes, looked straight at Lin Legeng and said: "The gossip is over, should Lin Sheng talk about something serious? Go to the Three Treasures Hall if you have nothing to do. And everyone's time is precious."

Finally getting to the point, Lin Legeng also put away his hippie smile and said seriously: "Zhong Sheng, you once entrusted us to buy a sum of Indonesian rupiah worth 2 billion U.S. dollars. I wonder if you let it go? Yes. In this way, now there is a seller who wants to buy Indonesian rupiah, the amount is relatively large, because the liquidity of the Indonesian rupiah in the market is not very good, so we want to discuss with you to see if we can match this transaction.”

   HSBC is well aware of Zhongshi’s purpose of buying Indonesian rupiah, and it is nothing more than taking advantage of the opportunity of currency depreciation to make a fortune. Obviously, this small young man in front of him is one of the international speculators who have turned Hong Kong's face. There is a general consensus among the senior management of HSBC on this point, because most of Zhongshi's trading channels are through banks such as HSBC and Standard Chartered. To be done.

As early as July, Zhongshi bought 2 billion US dollars of Indonesian rupiah through HSBC channels, and he has not yet sold it. Thinking about the current depreciation of this part of the Indonesian rupiah, it also means that Zhongshi has lost more than 2 billion dollars out of thin air. million dollars in profits. However, Zhongshi is not in a hurry to release them. In fact, these are just ordinary short-term loans, and the final repayment is still in the form of Indonesian rupiah. From this aspect, Zhongshi only lost some interest.

  However, Zhong Shi was a little surprised to hear that someone was interested in Indonesian rupiah, and he still bought it, and he inevitably became interested in the other party. After thinking about it, Zhong Shi said straightforwardly: "No problem, since someone wants to buy the Indonesian rupiah in my hand, I can sell it to him. But there is one condition, Lin Sheng, can you tell me who the other party is? , To know that in the current environment, there are still people who dare to hold weak regional currencies, I am really very interested.”

  If Zhong Shi knows who the other party is, he can naturally contact the other party in private, bypassing the relationship with HSBC, and HSBC will not receive commissions from both parties. Lin Legeng is well aware of this. But now that Zhong Shi has agreed, he doesn't have to keep the identity of the other party secret. After thinking for a while, Lin Legeng said hesitantly: "The other party... is quite famous, Zhong Sheng, Soros, you should know, yes, the other party is the Quantum Fund."

   "What?" Andrew, who was fighting with the steak at the side, was taken aback and almost spit out the red wine in his mouth. He chewed a few mouthfuls quickly, swallowed the food in his mouth with difficulty, and immediately persuaded: "Zhong Sheng, the opponent is the Quantum Fund, and Soros is well-known. If we fight against them, will it be..."

   "Overreaching?"

  Zhong Shi turned his head suddenly, and gave Andrew an unkind look. Even a blind man could see the unkind look in his eyes clearly. Andrew was no exception, he shrunk his neck subconsciously, and saw Zhong Shi pointing out again, so he walked out of the living room with a plate and red wine in an embarrassing manner.

Lin Legeng next to him was naturally overjoyed when he saw this scene. He originally thought that Zhong Shi would regret hearing Soros' name, so he even put a tape recorder on his body, and threatened Zhong Shi when he changed his mind. Shi had no intention of regretting it at all, and even drove out Andrew, who was kind and persuasive.

  Young man, you are so angry that you don’t know the heights of the heavens and the depths of the earth! Lin Legeng thought gloatingly in his heart, but he didn't dare to show half of it on his face.

Sure enough, just after Andrew's figure disappeared outside the living room door, Zhong Shi turned his face, slammed the table suddenly, and shouted loudly: "Damn you, isn't it Soros? I bet with him!" .”

Lin Legeng was ecstatic, thinking that the senior management of HSBC kept secret about this kid, and he didn't look very good today. Thinking of this, he pretended to persuade him: "Zhong Sheng, you have to think carefully, after all, Soros is A famous person, you have to think twice before going against someone like him."

  Rather than inviting generals, it is better to provoke generals. This is exactly Lin Legeng's attitude.

Unexpectedly, Zhong Shi rolled his eyes, looked at Lin Legeng suspiciously for a while, and suddenly laughed loudly, and said while laughing: "Lin Sheng, it's really thanks to your reminder, otherwise I really made up my mind to fight Soros It's on the plate. Come, come, I really want to thank you." After finishing speaking, he poured a glass of red wine and brought it to Lin Legeng himself.

At this time, the regret in Lin Legeng's heart, he wished to slap himself a hundred big slaps, thinking why he was so cheap, he insisted on adding superfluous words, now it's all right, even if the tape recorder in his arms slaps everything After the conversation was recorded, Zhong Shi could no longer be forced to do anything.

Holding the wine glass, Lin Legeng's mouse eyes kept rolling, thinking quickly about how to reverse the current unfavorable situation. At this time, the fragrant and mellow red wine drank into his mouth, as if it had nothing to do with plain water The difference, I didn't taste it at all.

   "It's such a pity that my 90-year-old Valendreux red wine!" Zhong Shi watched Lin Legeng's performance jokingly, while lamenting silently from the bottom of his heart. Although Zhong Shi doesn't like red wine, he can't see others spoiling his collection like this. Uh...if it counts as a treasure.

   How famous is Soros at this time? It is definitely not an exaggeration to describe it as thunderous. What is particularly prominent is that in the past few days, the Hong Kong media has reported a lot of news about the attack on the Hong Kong dollar and the sharp drop in Hong Kong stocks, and all of these are attributed to Soros.

In fact, due to the extreme lack of knowledge about the inner workings of hedge funds and the fact that there are basically no sources of information, once a currency crisis occurs, almost everyone’s first reaction is that Soros did it. is the most famous!

PS: It is true that Soros went long on the Indonesian rupiah during the Asian currency turmoil. In fact, most of the plots in the novel are true. It is not true that the Monetary Authority raised the lending rate. The bureau can adjust this interest rate level through certain means (tightening monetary policy). Finally, thanks to book friends kissmedio and Ga Geli for voting for the monthly ticket! Thanks to book friend Xiaowu's father for rewarding this book!

  (end of this chapter)