We are all reborn, who wants to be the richest man?
Chapter 547 Making Money in the Financial Market
The New Year of 1990 was a late year. It was already February of 1991, and there was still half a month left before the traditional Spring Festival.
However, in Hong Kong Island, the Spring Festival atmosphere is already very strong at this time. Along the way, many places have begun to decorate with lights and many buildings are hung with big red lanterns.
Hong Kong Exchange Square is a financial symbol in the hearts of Hong Kong people.
Not only are there major banks stationed in Central and the rooftop is covered with plaques of major financial institutions, but this Hong Kong landmark is also the home of the Far East Bank, which performs the duties of Hong Kong's central bank, and the Stock Exchange.
Luo Nianzhong and Robert had just arrived at Far East Bank and walked into Du Huilian's office when Liang Botao followed closely.
"Please sit down. I'm looking for you."
Luo Nianzhong waved his hand, motioning Liang Botao to sit down quickly. After the secretary left, Luo Nianzhong asked about Du Huilian.
"How about it, are you satisfied with the deputy I arranged for you?"
"Very good. Mr. Li is a rare expert in administration and has relieved me of a lot of burden."
Li Huimin is the wife of Yuan Tianfan, president of Far East Communications Group.
In 1988, Li Huimin was promoted to Chief Executive Officer of Hang Seng Bank. After more than two years of experience, she was transferred by Luo Nianzhong to Far Eastern Bank as Vice President in charge of administration.
Even though the title has changed from president to vice president, there is a world of difference in rank.
The Far East Financial Department implements a 24-level administrative system. Although the salary and benefits of the previous Hang Seng Bank are much better than those of similar positions in Asian banks of the same level, there is still a certain gap between it and the Far East Bank and major Wall Street investment banks.
Moreover, joining Far East Bank means truly becoming a confidant of the Luo family. In many matters, her words as the vice president of Far East Bank carry more weight than those of her husband, the president of Far East Communications Group. Don't forget that Far East Bank is also one of the major shareholders of Far East Communications.
"Then you have to thank me very much and find a chance to treat me to a meal."
"No problem, I haven't thanked my brother for what he did last time."
"It's all a small matter." Luo Nianzhong shook his head and waved his hands. "It's my own business, what does it matter?"
Du Huilian's success brought his entire family to Southeast Asia. Because of Du Huilian's position, his family began to cooperate with Far Eastern Bank and Hang Seng Bank to set up a credit card agency company.
Especially the business in Europe, which made the Du Huilian family flourish.
"I still have to thank you. I'll host the party, and I hope Mr. Luo won't mind.
Come on everyone, we haven’t gathered together for a long time.”
As Luo Nianzhong has less and less management over major groups, titles like boss and Boss have become less common. Now the senior executives of the Far East Group all call him Mr. Luo or Mr. Luo.
In fact, this was also what Luo Nianzhong intentionally guided. Welch and others all called him Luo Sheng, so the people below naturally followed suit and called him that.
The decline is not just the business, but the entire Luo family is declining.
The final result will be that the Luo family's family office will act as an agent for the Luo family to manage and monitor all businesses. The Luo family will just enjoy life, grasp the general direction, and turn their attention to higher-dimensional games.
"If Du Huilian wants to treat me to a meal, I will definitely go, but just don't take me to eat fried crab at Typhoon Shelter."
Liang Botao didn't give his boss any face at all. After he finished speaking, Luo Nianzhong and Robert both burst into laughter.
Among the core executives of the Far East Department, Du Huilian and Robert are famous for being stingy. I don't know if it has something to do with the fact that their jobs require careful calculations.
Once, a meeting of Far Eastern Bank lasted until very late. Du Huilian rarely offered to treat everyone to a meal, but he took everyone directly to a roadside stall and treated Luo Nianzhong and other senior executives to fried crab and fried rice noodles on the street.
Luo Nianzhong has teased the other party about this matter more than once, but Du Huilian does not feel ashamed of it at all. Instead, he is proud of it.
"That definitely won't happen this time. Luo Sheng, you will choose the place yourself then."
Oh, the miser has been plucked out of his feathers. There must be something wrong when things are abnormal.
Under the gaze of Luo Nianzhong and Liang Botao, Du Huilian did not look embarrassed at all.
"Du Juncai is treating us this time."
Everyone suddenly realized what was going on.
Du Juncai is his younger brother. He gave himself this name after coming to Hong Kong. I don’t know if he hopes to be handsome and talented.
"I was wondering why he suddenly changed his personality today."
"You should pay some money too."
"that is".
It was fine for Luo Nianzhong and Liang Botao to say this, but Robert's agreement made Du Huilian quit directly.
"You have no right to say that to me."
"I'm not qualified? At least I treat others to a meal instead of going to a street stall."
"Uh..." Du Huilian was speechless. Robert was stingy, but he was also generous when it came to paying.
The three of them teased Du Huilian again for being stingy, and then Luo Nianzhong asked about the real business.
"What did we gain this time?"
This is mainly a question for Du Huilian. Robert controls the family office and reports everything directly to Luo Nianzhong. Outsiders do not need to know and cannot know.
"We are cashing out in the futures market. No matter how long this war lasts, the futures prices will not rise too much, and may even fall. There is no huge profit in the futures market anymore.
As for crude oil, there are now many buyers for the crude oil we stored before. It is still unknown how much profit we will make in the end, but it will still be several hundred million dollars.
If we add in the profits from the futures market, it would be no problem to reach more than a billion dollars, which is the most conservative estimate."
It is said that a cannon shot is worth a fortune, but the wealth from war is not all on the battlefield; the financial market is the main force.
Knowing in advance that Shadamu was going to invade the oil kingdom, Far East Bank bought a lot of crude oil not only in the futures market but also in the spot market.
Just this morning, Shadam announced the results of the Battle of Khafji to the world through NBC, and also showed the world the captured American soldiers.
This not only caused the stock price of Disney NBC Group to surge, but also caused the oil price, which had been falling, to rise a lot.
After the war started, the U.S. military did teach the whole world a lesson during this period, and everyone thought that the war would be over soon.
But now it’s different. Shadam has occupied Khafji and captured nearly two hundred American soldiers. The situation is obviously at a stalemate.
The stalemate means that the fleets in the Persian Gulf and the Suez Canal will not be evacuated in a short period of time. The supply of oil from this oil depot in the Middle East is limited, and no one knows how long this situation will last.
And the worries and troubles of the United States and the West are not limited to this. The rise in oil prices has brought about a small financial crisis in the United States and the West. Although it was quickly overcome, the country entered a period of stagflation again.
As long as the war is not over, high oil prices will not lead to economic recovery.
Then there are the polar bears. The high oil prices have given them a temporary respite, and now the remaining member states are likely to remain quiet and continue to wait and see.
If oil prices can continue like this for a year or more, it is likely that the polar bears will make a big profit.
But it's useless to get this blood back. The ending is inevitable, it's just a matter of time.
“How much money can we mobilize now?”
"In the short term, thirty to fifty billion US dollars is no problem."
Luo Nianzhong nodded and instructed, "You don't have to worry if you have money in your hands. The Sixth Middle East War is likely to break out, and the global economy will be hit hard and shrink by then.
The United States will definitely increase investment and development in its highway plan. The old cowboy needs this new industry to help him stabilize the domestic economy.
As for other regions, this is our opportunity."
The more chaotic the situation is, the more opportunities there are to fish in troubled waters. The help to Shadamu is not just for his money, the real big money is outside.
Once the sixth Middle East war breaks out, the stock markets of Middle Eastern countries will become ATMs.
Now the world's financial giants are increasing their investments in the Middle East and preparing to reap the rewards. To put it bluntly, if Wall Street loses money, they will have to fight six wars.
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