Reborn in 2014: A One-Man Tycoon
Chapter 10 President Zhang (The competition has begun, let's go!)
On Thursday night, Meng Chuan confirmed that he had won the lottery.
Although he was mentally prepared, the news still caused a huge uproar in his heart, keeping him awake all night.
The next day, Friday, Meng Chuan asked Liu Qian for leave early in the morning.
The prize redemption is extremely urgent. If I don't go today, the prize redemption agency will be closed on Saturday and Sunday, and next Monday is the college entrance examination.
There was no time to think about it during the college entrance examination period, and the Iraqi civil war broke out the day after the exam.
This localized war caused a huge stir in the international crude oil market.
Meng Chuan is determined to reap the benefits from international crude oil, so today is the only window for claiming his prize.
Liu Qian was reluctant to approve Meng Chuan's leave request at this crucial moment.
However, Meng Chuan made it impossible for her to refuse, citing the need for a follow-up examination after the car accident.
With the college entrance exam just around the corner, she was worried that Meng Chuan's injury would affect his performance.
After leaving school, Meng Chuan hurriedly boarded a bus to the provincial capital.
Along the way, he watched the scenery rushing past the window, his heart filled with a mix of emotions.
They were filled with anticipation for the enormous wealth that was about to be theirs, but also with a sense of uncertainty about their future plans.
More than anything, it reflects the importance and concern people have for the college entrance examination.
Upon arriving in the provincial capital, Meng Chuan went straight to the prize redemption location.
It was a magnificent and somewhat solemn building, with people coming and going at the entrance.
There were lucky winners like him who came to claim their prizes, and there were also lottery players who came to buy tickets with high hopes.
Wearing a mask and hat, Meng Chuan took a deep breath and walked into the hall.
In the prize redemption hall, a series of strict information verifications were conducted.
The prize redemption staff looked at Meng Chuan's young face and the huge amount of money he had won, and couldn't help but show a look of shock.
Nearly three hours later, Meng Chuan finally received a check for 200 million yuan.
Strangely, he wasn't as excited as he had imagined.
It was already afternoon, and Meng Chuan rushed back to his small county town without stopping.
They then went to a bank in the county town to cash checks and transfer funds.
When the bank staff saw the huge check, they were so frightened that they immediately reported it to the bank manager.
Before long, a middle-aged man in a sharp suit, all smiles and bowing, welcomed Meng Chuan into the office.
"Congratulations, Mr. Meng. It is truly admirable that you have such good fortune at such a young age. My name is Zhang Jie, and I am the president of this bank. It is an honor to serve you, Mr. Meng."
Zhang Jie said in a fawning tone.
"Hello, Mr. Zhang, I would like to open an international futures account. Could you please help me with that?"
Meng Chuan stated his needs directly.
Although he was not very familiar with stock trading, he knew that Zhang Jie, as the bank president, must be very experienced.
He originally planned to come and handle the matter after the college entrance examination, but he didn't expect that President Zhang would personally come forward, so he could get it done in one go.
"Oh? Mr. Meng is planning to invest, that's great!"
Zhang Jie became increasingly respectful towards Meng Chuan.
As a bank president, I certainly like big bosses to deposit money, but I desire them to invest even more.
After all, money kept in a bank is just dead money.
“Opening an international futures account requires some procedures and review processes, but given your special circumstances, I will personally coordinate and handle it for you to ensure that it is opened as soon as possible.”
Zhang Jie was still racking his brains about how to persuade this newly rich young man to invest, but unexpectedly Meng Chuan brought it up first.
"I wonder which type of futures Mr. Meng would like to trade? I will definitely try to get you the lowest possible commission and handling fees."
Zhang Jie patted his chest and guaranteed it.
"I want to trade international crude oil futures. This 200 million yuan is my initial capital. I wonder how much leverage I can use?"
Meng Chuan asked.
Zhang Jie was stunned for a moment:
"Mr. Meng, are you saying you're going to invest all two hundred million? Not keeping a single penny?"
He had already learned from the check that Meng Chuan's two hundred million yuan was from winning the lottery.
I originally thought it would be good enough if I could persuade Meng Chuan to invest half of his investment.
That way, the bank could have exceeded its targets for the year. I never expected that Meng Chuan would have to use all the funds.
"Just two hundred million."
Meng Chuan nodded firmly in confirmation.
"In that case, within my bank's authority, I can get you a leverage of 20 times, with a commission of one percent."
Zhang Jie said this with great sincerity.
For the average person, the commission would be at least two percent.
But Meng Chuan just threw out two hundred million!
Even one percent is still a very considerable commission.
"Only 20 times?"
Meng Chuan frowned.
With a principal of 200 million and leveraged 20 times, he can only use 4 billion in principal.
40 billion seems like a lot, but in the international crude oil market, it's not even enough to make a ripple.
"Mr. Meng, 20 times is already the maximum leverage in China. If you want even higher leverage, while ensuring the safety of your funds, we can only help you open an overseas trading account through other means, with leverage up to 100 times. However, the commission will be 10%."
Zhang Jie lowered his voice and began to introduce Meng Chuan.
Using 200 million yuan with a 100x leverage means that Meng Chuan will have 20 billion yuan in available funds.
But the risks are also extremely high, and ordinary people simply don't have the courage to do it.
After all, a 10% commission is not low.
Ten percent of 20 billion is 2 billion.
With a principal of 200 million, it would be difficult to even pay commissions unless the price increases dramatically.
"Then help me open an overseas trading account! I want 100x leverage, I'm confident."
Meng Chuan said confidently.
Seeing Meng Chuan's insistence, Zhang Jie naturally wouldn't refuse.
Under Zhang Jie's arrangement, a dedicated person assisted Meng Chuan in preparing relevant materials, while he himself personally communicated and coordinated with various departments.
Thanks to the bank president's efficient management, the originally cumbersome process proceeded exceptionally smoothly.
Meng Chuan provided necessary information such as his ID card and contact information.
I filled out a series of account opening application forms and risk assessment questionnaires.
During the visit, the bank president patiently explained to Meng Chuan some basic rules and key risks of international futures trading.
Seeing that Meng Chuan didn't have a mobile phone or a computer, Zhang Jie immediately had his staff bring Meng Chuan a high-end mobile phone and a laptop.
This will make it easier for him to trade stocks later.
"President Zhang, thank you so much. Your help has saved me a lot of trouble."
Before parting, Meng Chuan said gratefully to Zhang Jie.
Zhang Jie quickly waved his hand:
"Brother Meng, you're too kind. If you have any financial needs in the future, feel free to contact me anytime."
Zhang Jie's ability to become a bank president demonstrates his exceptional shrewdness.
Within a few hours, the way people addressed Meng Chuan changed from "Mr. Meng" to "Brother Meng".
However, for Zhang Jie, Meng Chuan was like a god of wealth descending upon him.
As a bank manager in a small county, he's fortunate to have a major client like Meng Chuan; he's capable of exceeding all his targets this year.
Knowing that Meng Chuan needed to rush back to school, Zhang Jie even personally drove Meng Chuan back to school.
It was past nine o'clock in the evening when I got back to school.
For the next two days, Saturday and Sunday, Meng Chuan devoted himself entirely to reviewing.
The college entrance examination is his way of giving back to his parents, his teachers, and even himself after more than a decade of hard study.
He has to give it his all.
He tried hard to recall all the questions on the test paper, studying each of the difficult questions one by one.
For anything they didn't know, they actively sought help from teachers and classmates with excellent grades.
Time slowly passed as Meng Chuan studied day and night.
Monday arrived in the blink of an eye.
Today is the first day of Meng Chuan's college entrance examination. "Dear readers, for the sake of battle points, please collect, comment, and reward more! One extra chapter for every 100,000 battle points."
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