Let’s analyze the plan provided by Lin Huowang right away…”
"Okay! I'll notify them right away."
Since the old man praised Lin Huowang's plan, Secretary Liu didn't need to explain or clarify anything further.
He turned and walked quickly out of the office, his footsteps echoing in the corridor.
Next, and most importantly, is to get the advice and approval of these economic experts.
At that time, there was no special foreign exchange management bureau in the country. All foreign exchange funds were centrally managed by the People's Bank of China, which had a Foreign Exchange Administration Office under it.
Half an hour later, a director and two deputy directors from the Foreign Exchange Administration Office came, along with three domestic economics experts.
Most of my country's futures transactions in the international market are carried out under the guidance of these economic experts and funded by the Foreign Exchange Administration.
The three directors are Director Liu Hongru, Deputy Director Zhang Desheng and Deputy Director Cao Dahua.
The three economics experts are Professor Li, Professor Chang and Professor Wu.
The six people walked into the conference room, which had a long table surrounded by chairs.
There is a world map hanging on the wall, with some important economic regions marked on it.
All six of them seemed a little reserved.
However, the old man looked very kind and waved his hand, asking everyone to sit down.
Then, he handed the plan to the six of them and asked them to take turns reading it first.
The first person to look at it was Director Liu Hongru, who uttered a series of surprised and doubtful cries when he looked at it.
His expression changed as he read, sometimes surprised, sometimes excited.
This immediately made the others scratch their heads, and they couldn't wait to see what kind of plan it was that was so amazing.
When the other two deputy directors saw it, they frowned slightly, with an expression of both joy and surprise.
Their eyes moved quickly over the documents, occasionally stopping to think for a moment.
When the three economists looked at it, their brows furrowed even deeper.
Their expressions were serious and they were writing something on paper from time to time.
After everyone had finished reading, the old man knocked on the table and asked them:
"How about it?
Do you think this soybean futures investment plan is feasible? "
Beforehand, neither the old man nor Secretary Liu, who called the six people, told them who came up with this investment plan.
Therefore, the six people all agreed that such an investment plan must have been put forward by a professional unit in the country.
Director Liu Hongru spoke first and said affirmatively: "Commander, I think this investment plan is very feasible.
What worries me now is how much foreign exchange capital we should invest to buy soybean futures."
The other two deputy directors also nodded. They were always worried about not having enough money. Most of the time, they only spent money and had no income. They wanted to earn some foreign exchange, but it was too difficult.
They finally have such an opportunity to take advantage of capitalism, how could they miss it?
However, the three economists all opposed it.
Professor Li shook his head and said, "Commander, first of all, I have to admit that this plan is very well put forward.
At least I have no way to summarize such an investment opportunity from all the miscellaneous reports.
But it must be said that the international futures market is changing rapidly.
As for the margin, if the price fluctuates slightly, you will lose all your money immediately.
At a time when our domestic foreign exchange is so valuable, I don’t agree with taking risks based on such a speculative plan.”
Another professor, Professor Wu, also nodded in agreement and said, “In fact, we have also paid attention to the recent soybean futures prices in the international market.
It is now US dollars per bushel, which has actually increased by more than US dollars per bushel compared to the beginning of the year.
I think even if it is true as stated in this report, this is a futures arbitrage operated by the Hunt family of the United States.
The price of soybean futures is already at a high level, and there will not be much room for further increases.
Instead, we should be wary of a possible crash at any time. I don't know how the author of this report dares to conclude that the peak price of soybean futures will be around US dollars per bushel.
But this is a gamble. If we enter the market now, there is a high probability that we will become the part harvested by the Hunter family..."
The last expert, Professor Chang, also expressed his concerns and said: "In the futures market, the market conditions are changing rapidly.
What we are currently working on are only some products with relatively stable fluctuations. The recent increase in soybean prices has attracted the attention of international speculators, and many speculators have even begun to short the soybean price.
Therefore, I also think that it is very unwise for us to enter the market now and invest heavily to bet that soybean prices will continue to soar. "
As soon as the three experts finished speaking, the three directors of the Foreign Exchange Administration Office could no longer sit still.
They think about it every day, how to break a dollar into two pieces to spend!
Finally, there is an opportunity here to try. How could we let it go just because of the analysis by several experts?
Director Liu Hongru immediately retorted: "Three professors, I think what you just said is correct.
It is precisely because soybean prices have skyrocketed compared to the beginning of the year that the authenticity of the Hunt family's manipulation of the soybean market in this report is fully confirmed.
If that is the case, then have they gone to such great lengths and mobilized such a huge amount of funds just to earn this tiny bit of profit margin?
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