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Chapter 424 Ten Billions in Cash

Other traders are also confused as to why the Hang Seng Index fell.

However, the drop in the Hang Seng Index finally eased their tense nerves.

So everyone is staring at the data screen without taking any other action.

This morning, after Yang Chen arrived at the trading room, he informed them that trading was temporarily suspended.

There will be no trading today and the next two days to give large investors and stock investors some buffer time.

If the Hang Seng Index has just fallen and he dumps his orders, it will inevitably cause a herd effect. He does not want the small drop in the Hang Seng Index to turn into a sharp drop all at once.

If that were the case, the little leeks in the base layer might not even have any roots left in the end.

As for whether there will be people buying when the Hang Seng Index falls, he is not worried at all. During the 1973 stock market crash, when the market fell, there were still people who were desperate to sweep the market.

This time the downward trend of the Hang Seng Index was so small that someone would definitely enter the market waving banknotes in the next two days.

The Hang Seng Index must not plummet at the beginning, otherwise, his short-selling plan will fail.

His 10 billion funds have only now reached 3 billion. If there is so much left, it will be wasted if he cannot get rid of it.

His game console is about to undergo the next step of production. In order to prevent the game console from being sold out, he is rushing to store 200 million game consoles.

With such a large amount, the cost alone can exhaust his current funds.

Next, he is planning to borrow several billion more from HSBC and Standard Chartered. He now has nearly 10 billion in cash, and he is not afraid that the two banks will not lend him money.

During his trip to France, he earned one billion U.S. dollars, which is equivalent to 5 billion in Hong Kong dollars. He had previously been long the Hang Seng Index and earned another 4.3 billion. In addition to an initial loan of 2 billion from HSBC, he used it to expand Carrefour and acquire Kowloon.

Outside the bus.

Only the US$200 million loan from Standard Chartered Bank for short selling in France has not been repaid, and it was all used to acquire Standard Chartered's Xiangjiang retail supermarkets and Standard Chartered Bank's retail stores in other parts of Asia.

HSBC's short-selling loan of US$100 million was repaid directly after he returned from France. After all, the US$100 million was a loan he had used Xue's Manufacturing shares, so it was not enough.

In other words, the total loans he has are only 3 billion, and the cash, 5 billion plus 4.3 billion, plus the 1 billion he shorted the Hang Seng Index, has reached 10.3 billion Hong Kong dollars.

10.3 billion Hong Kong dollars, converted into US dollars, is about 2 billion US dollars. According to the average cost of a game console hardware, it is about 15 US dollars, and the reserve of 200 million units is close to 3 billion US dollars.

With the little money he has, if he doesn't get a loan, it won't be enough if he spends it all.

Even if part of the cost can be owed first, the money he has is just enough. If he uses up all the cash on hand, he will be in trouble.

If you are not careful or handle it improperly, it may overturn.

Therefore, loans are inevitable, and he is also prepared to borrow as much as he can to make himself have enough cash on hand.

Use the money borrowed from the bank to advance the cost of the game console, while his own money continues to be deposited in the bank for emergencies.

As for the previous investment in grain and oil processing plants with Inland and Huo Daheng, it is not something that can be invested immediately.

This will have to wait until Huo Daheng has completed his inspection in the interior and everything is ready before it is his turn to pay.

As for Ship King Zhao, he had already set the time during the discussion. Even if the fleet and the Asian business were handed over, the money would not be settled until the end of the year.

One billion funds is not a small sum. No matter how anxious Captain Zhao is, he can only wait.

Of course, after divesting its Asian business and fleet, Huaguang will not only be under debt pressure, but also its expenses will be greatly reduced. In this way, Ship Wang Zhao will be under much less pressure.

Moreover, even if such a large company is split up, it will still take time to integrate. A few months is really not a long time.

There was a dull pain in his arm, which pulled Yang Chen out of his thoughts.

Looking down, he saw He Chaoqiong beside him holding his arms tightly with both hands, and her nails dug into his flesh with excitement.

Yang Chen suddenly felt speechless.

Without saying anything, I looked up at the data screen and saw that the Hang Seng Index was wandering back and forth slightly upward at 1,800 points, which made people anxious.

In front of him to the right, He Hongtao clenched his hands into fists, and veins popped out on his arms, showing how excited the other person was.

Affected by the drop in the Hang Seng Index, all traders were extremely excited. They all stared at the trend of the Hang Seng with wide eyes. Even a rise or fall in a small index could affect their nerves.

‘These people really can’t hold their breath.’ Yang Chen shook his head and secretly sighed for these middle-aged people, some old and some young.

Of course, this means that he knows the trend of the Hang Seng Index, otherwise he would be no better than others in this situation.

Different from the tension in the trading room, Taipan Wang finally started his busy work day after receiving the news of the decline of the Hang Seng Index.

The drop in the Hang Seng Index was not an accident.

The Banking Association's interest rate hike is bound to have a certain impact on Hong Kong's economy, and a fall in the Hang Seng Index is inevitable. As for how big the impact will be and how far it will fall, no one knows.

It may recover within a few days, or it may continue to have an impact. As for the plunge, no one has thought about it.

Judging from the current Hong Kong economy, the market is stable and nothing can affect the Hang Seng Index plunge.

Of course, things like the economy, especially the free market in Hong Kong, have never been able to control the economic direction.

Sometimes political influence is much greater than external economic pressure, especially at this critical juncture when the two countries are preparing to negotiate on the Hong Kong issue.

Politics affects the economy, even in capitalist countries.

In later generations, he read many novels about how awesome and powerful the capitalists were, and how capitalist countries were controlled by capitalists. He began to believe this too.

But after our extremely reliable brother, Comrade Chuan Jianguo, played a series of lotus cards, Yang Chen finally understood that having a big fist is the last word.

No matter how powerful the capitalists are, as long as the superiors are determined to punish you, no matter how rich you are, it will be in vain. Look at Putin the Great, what if the financial predators inside the polar bear control the economy?

If you don’t obey a government order, in the words of Emperor Putin, ‘If you don’t implement it, you will die’.

The richer the person, the more low-key they are.

The richest man in later generations, Li, also began to hide bit by bit after his business empire was stabilized.

The four major grain merchants of later generations, each and every one of them, silently buried themselves in the soil, covering themselves up tightly.

Therefore, politics is really not something that capitalists can play around with. They just follow behind and make money, and don’t want to interfere with others.

As long as his strength reaches a certain level, the country will naturally step in to protect him.
Chapter completed!
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