Chapter 329: Shorting Greencoin Japanese Yen



After selling all the stocks, Lu Jiaxin exchanged all the money for green currency, a total of 30 million. She had the best impression of the managers of HSBC, so she deposited all the money into this account.

After the bulk of the money was deposited into the HSBC foreign exchange account, Lu Jiaxin only had 1.6 million Hong Kong dollars left in her daily account. However, her biggest monthly expense was rent, which she had already paid for a year. The rest was living expenses and the salary of the bodyguards, which could last for more than half a year.

Wu Ziyue was shocked when he heard her request: "Short Greencoin/Japanese Yen 30 times, Miss Lu, if you short 30 times, as long as the exchange rate rises by 3%, your position will be liquidated, and you will lose all your money."

In the past six months, Lu Jiaxin also asked him to help with foreign exchange trading, but there were only 600,000 green coins in the account. There were losses and gains, and it was basically flat over the past six months. He was really a bit overwhelmed to suddenly use such a large amount of money to trade foreign exchange with such a high leverage.

Lu Jiaxin said, "Foreign exchange speculation is gambling, so let's gamble bigger. Manager Wu, can this deal be done? If not, I'll go to another bank."

Wu Ziyue still tried to persuade her earnestly that even if she wanted to trade Greencoin/Japanese yen, she could not use such a high leverage. Ten times was already very high. However, no matter how he persuaded her, Lu Jiaxin remained unmoved.

Lu Jiaxin knew that he was kind-hearted, so she thought for a moment and said, "Manager Wu, I know you are doing this for my own good. But since I dare to buy this, I have my reasons. Please help me open the order!"

She actually wanted to use 50 times leverage, but the bank would not approve such a high leverage. She could only settle for 30 times leverage.

Wu Ziyue looked at her in confusion: "Ms. Lu, did you get the news and judge that the Greencoin/Japanese Yen will fall?"

Lu Jiaxin smiled and said, "Manager Wu, I remember you have a confidentiality agreement, and I need to sign one. No one else can know about this except you and me."

Wu Ziyue said that there was indeed a confidentiality agreement: "Ms. Lu, no matter whether you make a profit or a loss on this business, I have to apply to the boss for such a high leverage. But don't worry, we at HSBC have never leaked any information about our customers over the years."

"Then go ask your general manager!"

More than ten minutes later, Wu Ziyue came back and said that the boss had agreed to lend her the money. But when Lu Jiaxin signed, Wu Ziyue stopped her again: "Ms. Lu, you have to think carefully. If the account is liquidated, you will not have a penny left."

Lu Jiaxin smiled and said, "I studied finance and I know the consequences of doing this."

After that, she signed the contract without hesitation. After racking her brains, she finally remembered that a friend once mentioned the Plaza Accord, jokingly saying that the agreement was signed on Sunday and she didn't know whether she would be paid overtime.

Lu Jiaxin checked and found that the Plaza Accord was signed on the 22nd, and the market was closed on weekends. After thinking about it, she chose the 23rd. From that day on, the greenback/yen fell, and it fell nearly three times until the mid-1990s. America achieved its goal and changed its trade deficit; however, the island country had an economic bubble due to a large amount of foreign capital. After the bubble burst, the economy stagnated for a long time and even declined.

After signing the contract, Lu Jiaxin left the bank with a smile on her face.

The more Wu Zi watched her relaxed attitude, the more certain he was that she had inside information. After much hesitation, he reported the matter to the boss, but the HSBC boss thought it was foolish for Lu Jiaxin to risk her fortune just by believing in information from an unknown source.

The weather is getting colder, and Lu Jiaxin needs to buy some new clothes and shoes. Unexpectedly, she runs into He Mingzhu while shopping, and she looks the same as before.

Lu Jiaxin took the initiative to greet her: "Sister Mingzhu."

When He Mingzhu took away the video and written documents, she thought that they would take action, but they remained silent. She didn't know whether they didn't have the courage to resist or the time had not come yet.

Lu Jiaxin smiled and said, "He has work to do and can't always be with me. I also need my own private time."

She has rented a house near the school and hired three professional teachers to teach her. She can keep up with the school's curriculum, so she wants to speed up and finish the next semester's courses in advance. It's hard to get in, and she doesn't ask for a place on the honor roll, but at least she can't fail.

He Mingzhu thought she was very insightful, but unfortunately she had not noticed it because she had not met her before: "How is Fourth Aunt recently? Is she healthy?"

Lu Jiaxin politely said that she was in good health: "She just suddenly said she wanted to go back to Shanghai to have a look, and no matter how much I tried to persuade her, she wouldn't listen. I had no choice but to agree to her request."

She felt that this matter would eventually come to nothing.

He Mingzhu said with some worry: "A lot of things happened at home these days and she can't leave. Can her body handle going to the mainland?"

Lu Jiaxin scoffed at her reason. It's not like they are thousands of miles away. It takes less than an hour to drive to the port city. No matter how busy you are, it won't take you that much time. It's just that she didn't take her aunt seriously and didn't really care about her. Her aunt said she was good, but she was just trying to be the tallest among the short ones.

I feel disdain in my heart, but I don't show it on my face.

Lu Jiaxin pretended to be helpless and said, "The doctor naturally did not recommend going to the Magic City, but she kept making a fuss. Alas, she is just like a child when she is old."

He Mingzhu said, "I'll go see my fourth aunt later."

After shopping until twelve o'clock, Lu Jiaxin went to the restaurant where they had agreed to meet. Unexpectedly, it was Wang Yadan who showed up. When she saw her, Lu Jiaxin knew that this date was ruined again.

Wang Yadan came to see her on purpose: "Ms. Lu, Lao Zhai called the boss ten minutes ago and said that the chairman had fallen down, and the boss was worried so he rushed over."

Mr. Nie is now over 70 years old. Rich people in Hong Kong are generally long-lived. Many of them are still brisk at this age. I don’t know why he is in such poor health.

Lu Jiaxin nodded and asked, "Sister Dan, you haven't had lunch yet, right? Sit down and eat together. If you have nothing to do in the afternoon, let's go shopping together after lunch."

"Okay." Wang Yada agreed readily.

While waiting for the food, Wang Yadan smiled and said, "When the boss came back from vacation, many people came to ask me if he was dating someone. They also asked me who I was. How could I tell them? The boss even bought the photos taken by the paparazzi just because he didn't want to affect you."

Lu Jiaxin had long guessed that Nie Zhan had suppressed the news. Otherwise, Nie Zhan would have been photographed picking her up from school and appeared in gossip magazines. Now that the two of them were dating and seeing each other more often, it was impossible for the paparazzi to have no idea. But since Nie Zhan didn't say anything, she pretended not to know.

(End of this chapter)


Recommendation