Chapter 606 Fulfilling the Promise



As the chairman of HSBC, Shen Bi stabbed one of its branches. If this were to get out, his reputation within HSBC would suffer a huge blow.

But the problem is that he has already agreed to charter the ship, and there is no way to go back on his word now.

Because the consequences of regret are something he cannot bear.

We all know that big shots sometimes talk like farts. In fact, the key point of this sentence lies in who they are talking to.

If the target is ordinary people, of course they can do so, because you can't do anything to them anyway.

But if the target is someone of the same level, they would not dare to do so.

There's nothing else to do, they really can't do anything to him.

Let me put it this way, if Shen Bi dared to go back on his word, relying on his status as the ship charter king in Hong Kong Island, as long as he spread the word that Shen Bi was a dishonest person, the entire HSBC would be affected.

Everyone knows that Bao Chuan Wang and Shen Bi have a close relationship. He said so, so can you still doubt the truth of the matter?

If things really develop to that point, Shen Bi will have no choice but to resign.

To put it another way, even if the charter king did not do things so drastically, he would still draw a clear line between himself and Shen Bi.

Ever since Li Suhua acquired Hutchison Whampoa and the shipping king took over Wharf Holdings, the emptiness of the British financial consortium in Hong Kong has been fully exposed.

Faced with this situation, if banks want to achieve good development, they must establish good relations with the increasingly powerful Chinese businessmen.

The ship charter king is a leading figure in the Chinese business community in Hong Kong Island. He only needs to give a slight signal and countless Chinese businessmen will follow suit.

Don't think that this kind of thing is impossible to happen. You should know that there are hundreds of banks, big and small, in Hong Kong Island. They don't have to rely on HSBC alone.

How can HSBC develop if it loses this large group of Chinese businessmen?

Besides, if Shen Bi changes his mind, can't Baochuanwang borrow money from other banks?

By then, the chartering kings will still be able to earn the money they should have earned, and HSBC UK will still have to suffer the losses it should have suffered, but HSBC Hong Kong will lose a lot of interest. When you add it up, they will lose everything.

So no matter what the reason is, there is only one way for Shen Bi, and that is to stand on the side of Baochuan Wang and others.

Shen Bi is a smart man and knows how to choose. Besides, it is not certain that the charter king and others can make a lot of money.

If he loses money or earns less, it will be good for him.

Because he can't avoid the large amount of interest he has to collect.

What Shen Bi has to do now is to ensure that the identities of Li Xu and the other two are not leaked.

He really did his best to achieve this.

When he heard Li Xu say that the transaction speed was too slow and asked him if he could open a line at the London Gold Exchange, he immediately said that it was no problem and he would arrange people right away.

Not only did Shen Bi quickly arrange the people, he was also very considerate and allowed people to use Baochuanwang's account to trade on the London Gold Exchange.

There was no other way. If one wanted to trade in London, one had to go through the five major gold merchants. Even though Shen Bi was the chairman of HSBC, he could not get around HSBC UK.

So that's all he could do.

In this way, once HSBC UK conducts an investigation, the only person they will find is Charter King.

This time, Li Xu left more than 120 million US dollars in his hand and invested all the 3.4 billion he earned from oil.

Xu Xiangqian left more than 10 million and invested 260 million.

The charter king invested 600 million.

The three companies invested a total of 4.26 billion yuan.

Adding the 5 billion borrowed, the total is 9.26 billion.

Nowadays, gold prices are volatile and trading volume has increased significantly, with daily spot gold trading volume reaching hundreds of billions of US dollars.

London is now the world's largest gold trading market. If you put your funds into both London and Hong Kong at the same time, they will all be digested in no time.

In fact, Li Xu wanted to conduct transactions simultaneously in London not entirely because the entry speed was too slow, but more for concealment, to prevent being discovered when entering the market in the early stages.

Leverage can also be used in London gold trading, and the leverage ratio can be up to one hundred times. That is to say, you spend one dollar to buy one ounce of gold, but you can get the trading right of one hundred ounces of gold.

With so much capital like Li Xu's, the scale they can leverage is huge.

Even though London gold has a margin system, they still have a lot of funds available.

If their funds were discovered before much of it was deposited, they would be in trouble.

You must know that the five major gold traders and three major banks behind the Hong Kong Gold Exchange are capable of manipulating gold prices at this time.

Although it can only be controlled for a short time, it is enough to cause Li Xu and his men to suffer heavy losses.

It should be noted that the manipulation mentioned here does not refer to illegal manipulation through orders as in later generations, but manipulation through the use of financial relationships.

Of course, even if he entered the market quietly, Li Xu had to guard against this, so he did not plan to take out much money, and would only use 20% of the total funds for operations.

A small portion of the remaining funds is used as margin, and a large portion is kept as a reserve to be used desperately at critical moments.

You know what, Li Xu was right to be on guard.

More than half a month after entering the market, just when Li Xu was about to use up the required funds, the price of gold suddenly rose.

The gold market prices in London, New York and Hong Kong influence each other.

If the gold market price in one place changes, the gold market prices in the other two places will change accordingly.

This is how the gold price rose this time. First, the gold price in London rose, and then the gold prices in New York and Hong Kong followed suit.

This chapter is not over yet, please click on the next page to continue reading!

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