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Chapter 260 End

On October 10, at 111 Wall Street, Tan Huafei was reporting on progress at the Seed Fund Office.

Since September 26, when international oil prices rose to $33 per barrel, Tan Huafei's team has begun delivering oil futures.

All 131,200 oil futures were delivered, with an average price of US$33.5 per barrel per barrel.

"Boss, when we bought oil futures, we were still twenty dollars a barrel, and now there are still 4.395 million US dollars in each account."

"After deducting the 2.7 billion US dollars allocated by the bank, the margin of 120 million US dollars, and the bank's allocation expenses, and deducting the principal of 300 million US dollars of our team's profit in oil futures is a total of 1.212 million US dollars." Tan Huafei said.

"I did a good job, Huafei, when do you plan to close the Internet on the foreign exchange market?" Li Zhiwen asked. "Boss, I plan to clear all the foreign exchange in my hands in a few days after the new presidential election." Tan Huafei said.

"Okay, I have no objection. Just watch it yourself. In addition, each team member will get a reward of one million dollars, and you will get a reward of five million dollars." Li Zhiwen said.

Li Zhiwen is never stingy with the guys under his command who can make money. After all, he gives them a fraction of the money, but he takes a big one. Besides, he has worked hard for several months, shouldn’t he be rewarded?

"Okay boss, I will thank the boss on their behalf!" Tan Huafei said.

Tan Huafei knew that Li Zhiwen would never be stingy, so he didn't do anything. When he was trading gold futures, Tan Huafei bought a large flat floor when he returned to Hong Kong, so that his mother and wife could live in it. Now his former classmates envied him so much that they said that he had followed a good boss.

"It's all a trivial matter. In addition, the staff of your team will retreat to your home one after another. Just a few people can handle the foreign exchange market problems. After all, it's really eye-catching for a group of yellow-skinned people to stay here for a long time." Li Zhiwen said.

"Okay, boss, I understand!" Tan Huafei said.

Then Li Zhiwen came to Lou Yulie's team office, which was in sharp contrast with the quiet Tan Huafei's office. The sound was noisy and there were endless calls to call out, and the team members were all busy.

This has a lot to do with the team leader. Tan Huafei is a calm person who handles everything in an orderly manner, while Lou Yulie is indeed a person who is motivated but only focuses on the big picture and does not pay attention to small details.

Li Zhiwen walked straight into Lou Yulie's office. When Lou Yulie saw Li Zhiwen coming, he hurriedly got up and let Li Zhiwen into the office.

"Yulie, what's going on now? Have you finished dealing with oil futures?" Li Zhiwen asked.

Lou Yulie said with a puzzled look: "Boss, there are more than 50,000 hand oil futures that have not been processed?"

"What's going on? Didn't you start dealing with it when the international oil price reaches 33 US dollars per barrel?" Li Zhiwen asked with a frown.

Lou Yulie said: "Boss, I have my own difficulties!"

"Tell me, can you convince me?" Li Zhiwen raised his eyebrows and said.

"On the one hand, Tan Huafei's shipments have been too large these days. If we also ship on a large scale, although the daily trading volume of oil futures on the New York Mercantile Exchange has reached 80,000 lots, but we, Tan Huafei's daily shipments will reach 30,000 lots, which is more than one-third of the daily trading volume. I am afraid that safety cannot be guaranteed." Lou Yulie said.

"The second aspect I think there is still room for oil prices to rise again, so" said Lou Yulie.

"So you are going to cover it in your hands?" Li Zhiwen asked directly by cutting off Lou Yulie's words.

"There are indeed considerations in this regard." Lou Yulie whispered.

"I think you are afraid of losing the competition." Li Zhiwen said with regret.

Lou Yulie didn't say anything, it was obviously because Li Zhiwen said that he was right.

"You, why don't you understand? We are getting more and more financially. If you lose the competition, as long as I think you are doing well, why can't I put you in another market to manage it?"

"The world is so big and there are so many opportunities. You can do whatever you want, as long as you can make money."

"Because of your selfishness, it may cause losses to this investment, who will be responsible for this?" Li Zhiwen said.

When Lou Yulie heard Li Zhiwen's words, he remained silent and obviously realized the seriousness of the matter.

Li Zhiwen looked at Lou Yulie's entangled look and then continued: "Cleaning out the oil futures in his hand as quickly as possible, but don't cause major market sway, do you understand?"

"I understand, boss!" After Lou Yulie said that, he walked out of the office and went to make arrangements.

Li Zhiwen sighed. It seemed that Lou Yulie still needed to be trained again.

In the next five days, Li Zhiwen stayed here to supervise Lou Yulie without going anywhere else. Lou Yulie finally completed the delivery of the 50,000 oil futures in his hand. At this time, the international oil price reached 33.7 US dollars per barrel.

"Boss, all the 155,310 oil futures in our team have been delivered, with an average price of US$33.6 per barrel. Currently, there are US$5.21841 million in the account."

"When we purchased oil futures, it was $19.5 per barrel. After deducting the 3 billion US dollars allocated by the bank, the margin of $150 million, and the bank's allocation expenses, and deducting the principal of $500 million, our team's profit in oil futures was $1.56841 million." Lou Yulie said.

After listening to Lou Yulie's words, Li Zhiwen calculated and added the profit of oil futures from Tan Huafei's team of oil futures. The profit of oil futures this time was US$2.78841 million.

"Good job, thank you for your hard work. Each staff member in the team will be rewarded with one million dollars, and you will be rewarded with five million dollars." Li Zhiwen said.

"Okay, boss, I'll go down and arrange it later." Lou Yulie said.

Afterwards, Li Zhiwen saw that Lou Yulie did not leave, looked up at Lou Yulie, looked at Lou Yulie's desire to speak but stopped, and asked, "Yulie, is there anything else?"

"Boss, did I lose this competition?" Lou Yulie said in a low voice.

"What do you mean?" Li Zhiwen asked with interest.

"I heard that Tan Huafei's team generated $1.2 billion in profits in oil futures alone. This has not counted the profits in the foreign exchange market. So if I counted like this, wouldn't I have lost?" Lou Yulie said.

Li Zhiwen patted Lou Yulie on the shoulder and said, "Don't worry, go back to Hong Kong and have a good rest. You, I have something else to use."
Chapter completed!
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