Don’t think that twenty times leverage is too little, in fact, it is already a lot.
In the stock market, even a small fluctuation can cause investors to lose all their money. If the fluctuation is too fast, banks will not have time to forcibly liquidate their positions and will suffer heavy losses.
Therefore, banks generally only provide a maximum of ten times leverage.
Li Xu was sure that if it were him, the bank would have to carefully consider even five times, let alone twenty times.
There is no way. The principal is too large and the bank cannot afford the loss.
Li Xu gave Baochuanwang a thumbs-up and praised him sincerely, "Mr. Bao, you are really famous."
The charter king shook his head and said, "You overestimate me. This is conditional."
"What conditions?"
"The commission is three points."
Three points equals 3%. Trading in the Hong Kong stock market requires a transaction fee of 3.6%, of which the commission only accounts for 2.5%. This means that Shen Bi collected an additional 0.5% commission this time.
You have to know that this is a big deal worth billions of dollars. Let alone 0.5%, even if you add an extra zero after the decimal point, it is still an astronomical figure.
Although it was a bit much, the risk they took was not small, so Li Xu could still accept it.
"Three points is just three points. Just think of it as trading in Hong Kong stocks and save 0.6% in transaction fees."
When trading in the international market, you don’t have to pay all those miscellaneous fees, just commission.
The charter king suddenly burst into laughter.
After a few words, everyone walked towards HSBC Securities Investment Department.
HSBC Securities Investment Department can not only deal with the Hong Kong stock market, but also the international market.
Arriving at an office, the charter king asked his entourage to close the door and leave. He then pointed at the people sitting at the stock trading machines and said, "Mr. Li, they are the people involved in this transaction. I have signed a confidentiality agreement with them. If the transaction information is leaked before the transaction is completed, not only will they lose everything, but they will also lose the lives of their entire family."
Li Xu was a little confused. "Are they willing to sign this kind of agreement?"
"I promised them that I would give them an extra one million Hong Kong dollars after the transaction was completed."
Today, the price of housing in Hong Kong is roughly 810,000 square feet. The 1,000-square-foot luxury house that Hong Kong people often talk about is only 800,000, so one million is really a lot.
It is said that people die for money and birds die for food. With so much money in front of them, it is normal to sign such an agreement.
Li Xu counted and found that there were thirty-six traders in the room, each with one million, which added up to thirty-six million.
Compared with this time's profits, it is just a drop in the bucket.
"Baosheng, this money is mine."
"Don't fight me over this, Mr. Li. Yesterday I opened a trading account in your name with $150 million in it. They have the account now. You can come over and check it out."
The charter king was really generous. He deposited the US dollars in Li Xu's name without even seeing the Hong Kong dollars that Li Xu mentioned.
It's really hard not to like such a person.
Li Xu looked at him seriously and said, "Baosheng, the transaction is over. I will continue to help you make money."
"If you say so, I will take it seriously."
"You have to take it seriously." After saying this, Li Xu stepped forward to check the account in the hands of the trader.
After confirming the funds were correct, Li Xu asked, "What is the price of crude oil in the international market today?"
The traders quickly searched the stock trading machines and quickly came up with the answer, "Twenty-six dollars a barrel."
"Go long, 20x leverage, spend all your money."
"Go long?" the charterer asked anxiously, "Mr. Li, are you wrong?"
"That's right, go long."
After receiving a positive response, the shipping king steeled his resolve and shouted at the traders, "What are you all standing there for? Didn't you hear what Mr. Li said?"
The traders quickly took action.
There was a rest area in a corner of the room, with tea, drinks, fruits and snacks on the table. The charter king pulled Li Xu over and sat him down. While making tea, he whispered, "Mr. Li, do you think the price of crude oil will continue to rise?"
"right."
Crude oil is oil. Since the revolution in Iran, the world's second largest oil exporter, broke out in late 1978 and oil exports were stopped, international oil prices have been rising rapidly.
In just one year, the price has risen from $13 to $26 today.
The charter king owns many tankers, so naturally he deals with oil. He knows the fluctuations in oil prices very well. "Mr. Li, as far as I know, oil prices haven't changed much in the past month. It shouldn't be able to rise again, right?"
Li Xu looked over with amusement, "Then why did you invest money in it?"
The charter king placed the brewed tea in front of him and said, "I don't think the price will continue to rise, but that doesn't stop me from trusting your judgment."
Li Xu: ...
What I mean is, if I don’t help you make money in the future, I will have to slap myself twice.
"You're guaranteed to be born. From now on, just eat and drink as you please and wait patiently."
Seeing that he was unwilling to say more, the charterer stopped asking questions.
Li Xu stood up and said, "Mr. Bao, since I have nothing to do now, I will transfer the money to you. What is your account number?"
"I'll go with you. It'll save you a lot of trouble."
Li Xu asked Li Chen and Xu Xiangqian to stay in the house while he and the boat charter king went out to transfer the money.
After a while, the two came back.
Everyone sat in the house and chatted until the ship charter king's entourage brought in lunch.
These meals are also for the traders.
After dinner, they continued to work.
Li Xu saw Bao Chuan Wang yawning twice, with a hint of sleepiness on his face, and quickly said, "Mr. Bao, if you feel tired, go back and rest for a while. I'll just watch over you here."
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