Chapter 241 Before I knew it, my net worth was nearly million?
"I heard that you were buying a lot in the gold market? People have heard about me and are here!"

Zhou Qibang asked curiously while smoking a cigar.

Wang Yuanchao didn't take it seriously. These things couldn't be hidden from others.

"I told you I want to do something big. Brother Qibang, do you want to join us?"

Zhou Qibang bought properties worth about 20 million Hong Kong dollars. He had about 2 million in his own capital (part of which was asked from his wife and family), and the rest was borrowed and loaned to him by his father Zhou Xinian and Chinese Bank.

Even with this scale of shopping spree, Wang Yuanchao could not match it.

It's November now and Hong Kong has basically quieted down, otherwise the Governor would not have been able to show up in public during the previous "Hong Kong Week".

Property prices have not risen much. It can only be said that compared to the lowest point in midsummer, they have barely outperformed the interest rates and have avoided losing money.

It's like not moving.

There is still a surplus of supply in the market now.

Wang Yuanchao also purchased two factory buildings and two plots of land, but he did not even pay a deposit, and only agreed to complete the transaction within three months. If nothing unexpected happened, it would be the end of November, and the depreciation of the pound should have ended.

The buyer's market is so capricious.

In addition, there are about 20 storefronts in various places, some large and some small, with the smallest being to square meters and the largest being to square meters.

These costs of more than one million need to be taken in time to lay out the market for the sale, installation and maintenance of electric fans. In the future, toys or other things can naturally be sold. This is a sales service network.

Currently, he has:

Gold, 7000 taels, worth about HK$140 million;
US dollars, 98, about 560 million Hong Kong dollars;
1 residential building with 8 units; can be mortgaged for 20 yuan;
The Shenlan factory building and two supporting small factories can be mortgaged for 200 million yuan. The factory building is not valuable, but the main thing is the cooperation agreement with Horton Foreign Trade Company. The business flow is amazing!
ZA Building; we are already able to make dolls, and have small toy dealers contacting us for business, but we have not yet made contact with the United States; this is a loan, and we cannot get a loan out.

The storefront can be mortgaged for 100 million yuan.

72% of the shares of Commercial Radio; can be mortgaged for 150 million;
91% of the shares of Phoenix Daily; can be mortgaged for 50.

Lotte's total is 40;
Wang Danfeng, Shi Hui, and Chen Sisi, totaling 70;
A total of HK$1330 million.

He didn't borrow money from Lou Xiao'e.

Lou Xiao'e only has one house. When she bought it last year, it cost more than 65 yuan (it has dropped a lot compared to ), but now it is only worth or yuan. She is still in school and has no source of income. Wang Yuanchao also doesn't want her to borrow money from her family to avoid trouble.

Although the Lou family has been broke again and again, they are still rich people with millions of assets in Hong Kong. The salary of a senior police officer is only 300 yuan! This is considered a high-paying job among ordinary people! If it weren't for the recent drop in housing prices, the amount of assets would be even higher.

So what if such a family is divorced and has children? How could they agree to let their daughter have an affair?
Even though Wang Yuanchao's assets are slightly more than the Lou family's, overall, they are still at the same level.

Unless Wang Yuanchao's wealth rises a few more times, the Lou family will have to rely on Wang Yuanchao for food.

However, Wang Yuanchao just took the mother and daughter to the amusement park to make up for the lost time in the past.

Whether it was the Liyuan Amusement Park or the Kai Tak Amusement Park, he didn't accompany Liu Qijin to play! Naturally, he didn't accompany Lotte and her daughter to play!
After a few rounds of playing, Silly Ezi became obedient and let him control her.

I've strayed off topic. To put it another way, many loans cannot be lent out so much money without Zhou Qibang's help. Mr. Zhou has said hello, so naturally, within the risk range, the loan can be made up to the upper limit, but that's all.

Now, the gold price in Hong Kong (or the British pound) is allowed to fluctuate within 2 points, and if you want to speculate in gold futures, which are the kind of discount holiday futures on the gold exchange, the leverage is generally 5-50 times, so the profit from the rise and fall is only about 10-100 points. It can't be higher, if it is higher, the principal may be liquidated and all gone!

Buy and leave, then wait for the gold price in John Country to come out, and determine whether it goes up or down, and determine the delivery and profit or loss.

There are people who spend millions or tens of millions of Hong Kong dollars to speculate, but they mainly do so to demonstrate their strength and play psychological tactics.

For such a large amount of money, the leverage used is generally relatively low. In fact, it is no different from the full leverage used for transactions of tens of thousands or hundreds of thousands.

The funds Wang Yuanchao had on hand were actually more than enough. After all, in the gold trading market, the daily trading volume was generally around 18 million at most, and as low as 1.8 million at most.

On the one hand, he needs to use his strong financial strength to attract more people to bet with him. He bets that gold will rise sharply (the depreciation of the pound is equivalent to the increase in the price of gold). If no one takes up the bet, how can he make money?
This is not the Internet age, nor is it London or New York, where long and short orders worth hundreds of millions are easily digested. This is Hong Kong, where the daily market sometimes has less than 18 million, so he has to buy in advance frequently.

On the other hand, if one wants to buy a lot of stocks in the market, he cannot use leverage to the extreme and must leave sufficient margin, because there will definitely be people who come to bet against him, and he may not be able to hold on during the process and his position will be liquidated.

The depreciation of the pound is by no means just the 14% officially announced.

The moment the pound depreciates, gold will privately soar. After all, who knows if your pound will continue to depreciate?
Not to mention the leverage, the multiples are amazing. This is also the basis for him to give 15% return to those around him. Since you trust me, I will help you make a little fortune.

As a staunch bull, his big moves have already attracted some big gamblers who think they have sharp eyes, leading to a long-short showdown.

This is also the reason why some people came to Zhou Qibang to ask about his background.

Wang Yuanchao certainly welcomed this, the more the better. How much hard-earned money can you earn from buying stocks? Or you can earn more from futures trading!
Since John intends to devalue the pound, he will naturally not let the price of gold continue to rise. He will let the price of gold go up and down, and even release some news to cool down the price of gold.

During these days, Wang Yuanchao had both gains and losses. He did not make much money, but he did earn a lot of commissions from the gold market.

He is a Pi Xiu who only takes in and never gives out, which is a headache for people.

As long as the pound does not appreciate significantly, his position will not be liquidated. If the pound appreciates too much, he only needs to replenish the margin.

How can the pound appreciate significantly under these conditions? The volatility is already very high.

Zhou Qibang let the cigar moisten his lips and tongue, and slowly asked the question in his mind:
"Brother, you are firmly bullish on Hong Kong, but at the same time you are firmly bullish on gold. Doesn't this mean you are not optimistic about the British pound? I think this is a bit contradictory."

Yes, Zhou Qibang felt that this was contradictory.

Seeing how Hong Kong is governed under John's rule shows that John's country is highly recognized.

But being bullish on gold doesn’t mean being bearish on the British pound? This is another sign of disapproval of John.

It's so contradictory, how can he ask his family for money?
He couldn't even convince himself, so he could only be uninterested.

Wang Yuanchao smiled and said:
"Brother Qibang, the British pound is the British pound, John Country is John Country, and Hong Kong is Hong Kong. It doesn't matter. Just like the Chinese Bank is the Chinese Bank, the Zhou family is the Zhou family, and Brother Qibang is Brother Qibang, right?"

Zhou Qibang’s brain raced, and he roughly understood the meaning of this sentence - there is a difference.

It’s too brain-burning!

He thought it was better not to touch something he couldn't understand. So he shook his head and said:

"Futures are just a game played by big countries. They know everything and are the dealers. How can we play with them?

Even in Hong Kong, do you know how many people they have arranged in London and New York to collect intelligence, analyze the market, and follow the market closely? They make money from confident people like you!"

He studied law in John's country and also knew something about futures. This is just a disguised form of gambling by international financial giants. They are the dealers and can get all kinds of information they want. How can an ordinary person play with them?

Even those who deal in gold and silver in Hong Kong are not fools. They have teams to do research and are no match for Wang Yuanchao, a reckless man who rushed in alone.

Moreover, in the gold and silver market, there are many transactions with demand, such as gold and silver jewelry stores, banks, etc.

There are not many people who speculate purely on futures. The stakes are huge, and money comes in quickly, but it also goes away quickly.

He agreed with Wang Yuanchao's analysis of the general trend and was willing to take a gamble, but when it came to futures, he felt that his vision was low and he had gotten stuck in it.

All I can say is that this young man has had smooth sailing. In just half a year, the size of his assets has expanded rapidly. No matter how much you try to persuade him, it will be useless. You can only give him a brief talk.

Just let my little brother suffer a loss. After all, young people will not turn back until they hit the wall.

If he loses everything, it would be nice to let this young man come back and work honestly in the industry and help him for two years.

By then, he can buy more shares in the radio station and newspaper that his younger brother has mortgaged. After all, it seems that his younger brother is running the radio station and newspaper very well, and the income and influence are much higher than if he simply bought buildings and land.

Wang Yuanchao didn't say anything more. Of course, he knew how ordinary people could play finance with international giants. He was just looking at the answers and cheating!

Even if he has the books that he brought with him, once his assets increase, some futures trading will probably change, because he has become a variable that must be considered and affects futures trading.

But now, he is still a small shrimp and fearless.

He came to see Zhou Qibang for another purpose.

(End of this chapter)