The Fok family is the most powerful family in Hong Kong.
When the People's Republic of China was just founded and the motherland was in the most difficult time, Mr. Huo ignored the consequences of being suppressed by Britain and the United States and insisted on purchasing many scarce materials for our country.
This also meant that the Huo family's original status as the top family in Hong Kong Island was overtaken by the so-called four major families.
However, Mr. Fok never regretted it. Even though he was later investigated and suppressed by the British Hong Kong government and even forced to sell many buildings and companies in Central, Hong Kong Island, he always stood with the motherland.
Because, from the oldest to the youngest, the Huo family has a red heart and always remembers that they are descendants of the Chinese nation and the bloodline of Yan and Huang.
so……
Later, when Mr. Huo passed away, he was given a state funeral, which was enough to show his great contribution to the entire country.
Similarly, because of the Huo family’s contributions over the past few decades, the central government is full of trust in the Huo family.
The old man himself has a very good personal relationship with Mr. Huo. Because this futures transaction involves account issues in the Chicago Futures Trading Market in the United States, the relevant domestic departments do not have so many anonymous accounts that are not tracked by the US government.
Therefore, following the old man's instructions, comrades from the Foreign Exchange Administration Office contacted the Huo family in Hong Kong Island.
It is hoped that the Huo family will use this 10 million US dollars to diversify the accounts and invest in soybean futures trading in the Chicago Futures Exchange.
As for any request from the central government, Mr. Huo would agree to it first, no matter whether it could be done or not, no matter how difficult it was, and would complete it no matter how difficult it was.
Not to mention, just speculating in soybean futures on behalf of others is just a piece of cake for the Huo family, which owns many industries in Hong Kong Island.
Originally, Huo Zhenting, the eldest son of the Huo family, would not have paid attention to these soybean futures transactions. After all, they were arranged by Grandpa Huo himself, and not many people knew the inside story. Only the managers of the finance and investment departments of the head office knew about it.
Huo Zhenting was instigated by some other wealthy children to invest in international futures in recent days, so he checked the futures transactions and profits in his own Huo family account.
Only then did they discover that just this afternoon, hundreds of futures trading accounts that the Huo family had not used before all began to buy soybean futures on the Chicago Futures Exchange.
If it was just one or two accounts buying millions of dollars, Ho Chun-ting would not think it was anything strange. After all, the investment department of the head office employs a large number of economic experts and often conducts hedging transactions of raw materials in the futures market to reduce risks.
However, if the purchase is dispersed among hundreds of accounts, there must be something fishy going on.
First of all, they deliberately concealed this transaction from the outside world and tried not to attract other people's attention as much as possible.
Internally, as the eldest son, Peter Ho had not heard a word about the US$10 million investment, which meant that the old man had kept it a secret even from him.
This made Huo Zhenting even more interested. On the way back, he asked someone to check the overall trend of international soybean futures prices in the past six months.
You don't know until you check. Once you check, Huo Zhenting is shocked to find that the increase is almost 80% in half a year.
Such a high increase indicates that the soybean futures price is already at a high level.
According to common sense, it is difficult for soybean futures to rise further and they should fall back soon.
But why did his old man so recklessly invest 10 million US dollars to go long on soybean futures?
However, when he heard the old man say in person that this was an official operation commissioned by the mainland, most of Huo Zhenting's doubts were resolved.
Yes!
The Huo family generally does not participate in such high-risk investments, and the few futures transactions they have are all for hedging risks or for some political purposes.
But……
Huo Zhenting became even more confused. His own Huo family's investment strategy was considered conservative, so the mainland should be more conservative than that of the Huo family!
Why did the mainland officials take out a huge sum of 10 million US dollars and sneak into the Chicago futures market to speculate on soybean futures this time?
As if he could see his son's doubts, Huo Yingdong smiled and said to him: "Zhen Ting! When you are thinking about a problem and encounter a point of doubt, you should not think in the same direction, but think about it in the opposite direction."
"The other way around? Daddy, you mean.
I then thought, why would the mainland, with such a conservative investment strategy, take such a risk by investing in soybean futures which are already at a high level.
If you feel puzzled, you should think about it the other way around. The mainland government has such a conservative investment strategy, but they dare to invest such a large sum of money in soybean futures. This means... they have judged that this is not a big risk, but a good opportunity to make a lot of money? "
After being enlightened by the old man, Huo Zhenting suddenly became enlightened.
"Yes! The old man talked to me personally on the phone. According to the judgment of one of their experts, the soybean futures in the international market were hyped up by the Hunt family in the United States.
It has not yet reached its peak, so if you enter the market now, you can still get a share of the pie.”
Huo Yingdong did not hide the truth from his eldest son and spoke frankly.
Huo Zhenting's eyes widened, he took a deep breath, and said with emotion: "So that's how it is. The Hunt family in the United States has always been famous for making money through speculation, and is good at grasping and creating many opportunities for huge profits with small risks.
However, their actions are also very covert.
It is usually only after they have made profits and left the market that the whole story will be exposed.
My dear, there is more to this chapter. Please click on the next page to continue reading. It’s even more exciting later!
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