Feng Yu rushed to the company and saw that everyone was very busy. When they saw Feng Yu, they stood up at the same time, waiting for Feng Yu's order.
"Nothing will be done today, Lao He. I asked you to pay attention before. If there is anything wrong, all the contracts will be delivered. Have you completed it?"
"It has been completed, but the profit is only 8%." He Zhaoji was a little embarrassed. There were too many orders. Although it was a computer transaction, there was a time difference, otherwise the maximum profit could be 20%.
"Well, that's good, don't worry about it." Soros made such a sudden move, and an eight percent profit was pretty good. Many people have lost money.
"Boss, are we going to read the market today?" someone asked.
"That's right, let's look at the market today. Each of you must carefully analyze when Soros suddenly delivered and bought the Korean won in the opposite direction. Also, analyze the rich people in Xiangjiang and their operational mistakes, and then today Let’s talk.”
Soros's reverse move to raise the Korean won may also be a trap, and Feng Yu will not rush in hastily. Anyway, he didn't lose anything. The Fu family, who was close to him, also reminded him. I believe they had already taken precautions.
Feng Yu and the Fu family both make hedging investments. No matter whether it goes up or down, they will not lose too much, and of course, they will not make too much. Otherwise, judging from the decline of the Korean won yesterday, his profit would not be so small.
But this is real investment. The kind that only buys whether the price rises or falls is speculation. It is very possible to make several times or even ten times the profit, but it is also possible to lose all your money in an instant!
This is the case for the wealthy people in Hong Kong who are short-selling the Korean won. Not only are they short-selling the Korean won, but they also use high leverage.
The Korean won suddenly rose, which none of them expected.
And because the leverage ratio is too high, they are in danger of liquidating their positions at any time, and they must immediately add margin to reduce the leverage ratio.
This is completely different from what they imagined before. Doesn’t it mean that if you invest with Soros, you will definitely make money? Didn’t Soros succeed in all his attacks on other countries’ currencies, except Hong Kong
…
"Old Liu, how are you doing there? Can you lend me 10 million? It's a bit difficult for me to have cash flow. Ah, are you trapped now?"
"Old Zhao, my money is trapped. You can lend me some money to help me make a living. You only have one million, or Hong Kong dollars? Then forget it."
"Lao Ma, what? Are you asking me to borrow money? I am also calling someone to borrow money. If there is no more money, my futures orders will be liquidated. The Korean won you bought also fell?"
Hong Kong tycoon Niu Deming walked around in his office. This time he invested US$100 million, using 15 times leverage, to short-sell the Korean won. At first, he was overjoyed to see the Korean won fall. If it falls by 10%, his 100 million US dollars will make a profit of 1.5 billion US dollars!
Yesterday it fell by 3%. Many people said that the Korean won could no longer hold on and would inevitably fall even more today. He thought so too. Didn't he hear that Soros had raised a large amount of funds again? Then the Korean won would definitely not be able to hold on!
Treasure Island is no match for Soros, so how can South Korea be a rival? How much foreign exchange reserves does South Korea have? It is not as large as Hong Kong.
What's more, with the participation of people like them, there will be more funds to suppress the Korean won. The Korean won should be defeated soon!
But today, the Korean won suddenly appreciated abnormally. Not only did it recover from yesterday's decline, it also increased by 2%.
The most pitiful thing is that because they were too superstitious about the power of Soros, they had a tendency to gamble. As a result, they all encountered financial difficulties.
If one or two of them have financial difficulties, it is not difficult to find someone to help them with their relationship.
But when most people have financial difficulties, who will help them
At this time, they all thought of Fu Rongqi and others. When Fu Rongqi asked them to come together, they were very disdainful, thinking that Fu Rongqi's investment was too conservative. And now it has been proven that although being conservative will reduce profits, it will also reduce risks.
If time could go back again, they would all choose to listen to Fu Rongqi's persuasion, at least they would not suffer such a big loss!
Niu Deming hesitated for a long time and finally called Fu Rongqi.
"Mr. Niu, why are you calling me?" Fu Rongqi already knew about the abnormal appreciation of the Korean won, and even knew that Niu Deming was looking for someone to borrow money.
He knew exactly why Niu Deming was calling. He must have wanted to borrow money. He asked this on purpose.
"Mr. Fu, I'm in some trouble and I'd like to borrow some money from you to help me make some money." Niu Deming said bravely.
When everyone disagreed with Fu Rongqi's investment strategy, he was not the most popular, but he was also one of the first to object.
"Borrow money, no problem. We are all friends. If you are in trouble, if I can help, I will give you a hand." Fu Rongqi said with a smile.
Niu Deming was overjoyed. He didn't expect Fu Rongqi to be so easy to talk to. If he had known it, he would have called Fu Rongqi a long time ago. Why should he be worried for so long.
"Thank you, Mr. Fu. How much interest will Mr. Fu need? When can you lend me the money?"
"How much did you use?"
"Fifty million dollars, okay?"
"It's just fifty million U.S. dollars, it's a small matter. As for the interest, you can pay it as you see fit. I just want to ask, how do you plan to use this money?"
how to use? Of course, it is used to increase the margin and reduce the leverage ratio. What else can be done
"What do you mean, Mr. Fu?" Niu Deming asked tentatively.
"How about you entrust me with your original funds and I will help you operate it? I can't say how much you will make, but at least you won't lose."
Only then did Niu Deming understand why Fu Rongqi was so happy. It turned out that Fu Rongqi still wanted to control their funds.
But speaking of it, this was also a way. He didn't need to borrow money, and even according to Fu Rongqi's wishes, Fu Rongqi had to bear the risk.
After this time, Niu Deming also understood that there was still a big gap between him and Fu Rongqi, a financial industry giant.
"Mr. Fu, has anyone else entrusted you with funds?"
"What do you think?" Fu Rongqi did not answer directly, but it seemed that he had already given the answer.
Yes, many people have no funds, but Fu Rongqi still has them. As long as Fu Rongqi is willing to help, he may be able to suppress the Korean won, and they don't need to make a margin call. If you are lucky, you can still make money.
"Mr. Fu, I will go to your company in a moment, and I have decided to entrust the funds to you."
When Niu Deming arrived at Fu Rongqi's company, he found many acquaintances. They were all well-known wealthy people in Xiangjiang. From the looks of them, just like me, they all came to Fu Rongqi to borrow money, but in the end they chose to entrust the funds to Fu Rongqi.
After everyone looked at each other, they all smiled awkwardly. If they had known about this, why did they do it in the first place? (To be continued.)