Rebirth 2004: I can make money by writing.

The next day, Hao Qiang arrived at the Gangcheng Branch of Guosen Securities.

General Manager Huang Qi personally greeted them. After a brief exchange of greetings, they went into Huang Qi's office and got straight to the point.

"What is the current exchange rate of USD to RMB?" Hao Qiang asked straight to the point.

Huang Qi replied, "The central parity rate at Bank Y is 1 USD = 6.8376 RMB. We negotiated that for you, with a handling fee of 0.05%. The average exchange rate in May was 6.97. The RMB is appreciating really fast, which is good for you."

"As long as it's stable." Hao Qiang nodded.

He calculated that the handling fee alone for the 120 billion yuan he was going to exchange would be 600 million yuan, but it was still within an acceptable range.

The 20 billion yuan more than planned was what Hao Qiang recently earned from Tengxun shares, and he still had some shares left to sell.

After the greetings, Hao Qiang went to meet his financial team.

这支团队一直负责帮他处理国内股票业务，由15人组成：1名投资经理、1名运营经理、2名投资分析师、6名中高级交易员、1名高级风险分析师、1名资金管理专员、1名合规经理、1名法务专员和1名合规分析师。

Three of them were external recruits by Hao Qiang, and the remaining 12 were from Guosen Securities, supervising each other.

Everyone in this industry is very rich. Hao Qiang has a large amount of capital and high returns, so their bonuses are very generous.

Of course, this line of work is also risky.

If someone leaks secrets and causes serious consequences, they may face three to seven years in prison, a fine, and lose their professional qualifications for life.

To this end, before each operation, the investment manager and operations manager will solemnly reiterate the confidentiality regulations.

Guosen Securities Hong Kong City Branch allocated a temporary meeting room for Hao Qiang's team as an operations center.

No one except project team members, including General Manager Huang Qi, is allowed to enter.

After Hao Qiang arrived, the four accompanying bodyguards immediately took their positions outside the door, ready for action.

When Hao Qiang walked into the operating room, team members stood up to greet him.

"Mr. Hao, you're here!"

"Hello, Mr. Hao!"

After the greetings, Hao Qiang signaled everyone to gather.

After everyone lined up neatly, he looked around and spoke sternly:

"Hello everyone, before I say anything bad, I have to make it clear that I am very strict about confidentiality. If there is any leak, I will not be polite.

Of course, if the profit meets my expectations, I will also give everyone extra rewards.

I believe Manager Zhang has already explained the specific confidentiality regulations in detail.

I emphasize again: During the operation, it is strictly forbidden to contact the outside world, and no information should be disclosed to any organization or individual..."

"Understood, no problem!" everyone answered in unison.

In this industry, confidentiality is lifeline.

They know very well that during large-scale fund operations, they may have to eat and live in the operating room, completely isolated from the outside world.

But the generous rewards more than make up for these inconveniences.

If you are lucky, one project can bring you financial freedom.

After Hao Qiang sat down, Manager Zhang handed him a document. "Mr. Hao, we've already contacted more than a dozen US securities firms. Here's a list of large-scale listed companies eligible for margin trading, as well as US companies that are planning to offer margin trading."

"Well, let me take a look first."

Hao Qiang nodded, but he did not disclose the specific operation plan, including when to start short selling and which stocks to short sell.

In fact, he had limited knowledge of the U.S. stock market. He only knew that most stocks had suffered heavy losses, especially Fannie Mae and Freddie Mac, which triggered the subprime mortgage crisis. Their prices had fallen by nearly 100%, and their stocks were almost worthless.

In theory, shorting these two companies would be ideal.

But Hao Qiang decided to act cautiously and avoid over-concentrating operations.

Although he will not go to the United States in the future, he should still be careful to avoid attracting the attention of the US authorities and causing trouble for him.

In addition to Fannie Mae and Freddie Mac, Hao Qiang also guessed that bank stocks would plummet, such as Huaqi Group, Bank of America, Morgan Stanley, etc.

He scanned the data, which listed yesterday's closing prices for various stocks:

房利美46.5美元、房地美53.3美元、花棋集团21.5美元、米国银行23.6美元、摩跟士丹利35.6美元、平果167.5美元……

The market capitalization of these stocks generally exceeds US$100 billion, with extremely active trading and sufficient liquidity.

Hao Qiang holds US$17.5 billion and plans to use US$15 billion for leveraged securities lending, i.e. margin, and another US$2.5 million to cover positions at any time.

With $15 billion in leveraged securities lending, you can borrow up to $75 billion worth of stocks from U.S. securities firms.

There are still two months before the financial crisis, but we can take our time now.

The amount of funds is large, and the selling of stocks will depend on the situation. It is expected to take three to four weeks.

In addition, if those securities firms see that the situation is not good, they will definitely be unwilling to lend securities. Even if Hao Qiang has money, he will not be able to lend securities and will not be able to borrow.

Short selling is essentially a bet against the brokerage firm.

Hao Qiang is bearish, while securities firms are bullish.

It is worth mentioning that the term of margin trading is generally 6 months, and you can apply for an extension one week in advance after the expiration.

In other words, if you make the operation in June, you will have to extend the period (return the stocks) around December this year.

The time point of securities lending,

The specific use of funds from short selling may be subject to regulations and restrictions from the brokerage firm, and investors must comply with relevant regulations and procedures when using these funds. This means that even after Hao Qiang sold the stocks he shorted, the funds could not be withdrawn from the brokerage firm and were subject to controls.

Therefore, he was still a little worried. Even if he made money, if he couldn't get it back, he would lose hundreds of billions of yuan.

The money has not been transferred to the country and has not been received yet, so don’t be too happy too soon.

After reading the documents, Hao Qiang took a piece of paper and wrote down the Chinese and English names of Fannie Mae, Freddie Mac, Huaqi Group, Bank of America, Morgan Stanley, and Pingguo, and said solemnly to Manager Zhang:

"Short-sell these six stocks: $500 million for Pingguo, and $1 billion to $15 billion for the other five stocks. The term is six months. Try to complete the stock sell-off within a month, starting today."

Manager Zhang was stunned for a moment and a little surprised, but he didn't ask any more questions. Instead, he repeated it and asked Hao Qiang to confirm.

"Yes, that's right." Hao Qiang nodded in confirmation and reminded, "Securities lending companies can be any on the list, but try to avoid those with major ties to banks. Prefer reputable brokerages and diversify your securities lending. After all, we have a considerable amount of capital."

"Of course. Any brokerage firm on the list is reputable," Manager Zhang replied. "Mr. Hao, please try to complete the short selling within two weeks. If selling stocks, try to complete it within a month. What do you think?"

"Okay." Hao Qiang nodded in agreement. Short selling takes a long time.

He didn't know how to do it specifically, but as long as he could borrow it, it would be fine.

In this regard, it is difficult for individuals to borrow securities, and they rely on Guosen Securities.

Manager Zhang nodded solemnly and went to assign the task.

Hao Qiang watched how they operated on the spot. When he was really bored, he found a computer and read about US stocks.

The storm is coming!