Chapter 50 Financing Cooperation

From the Bank of China, there was no delay in midnight of the week, and he went directly to the Hong Kong branch of UBS in Central, deposited the funds in UBS, and opened entrusted investment accounts, guarantee accounts, and personal accounts. UBS's service was very attentive, because it was time for lunch before the business was completed, and they invited Zhou Midnight to eat their work meal.

The fluent German of Zhou Midnight also made several staff members feel extremely intimate. The service was really considerate and enjoyed by the VIP guests. As soon as the investment account was opened, UBS was entrusted to search for London Gold's short futures contracts in their internal system, but the existing contracts did not satisfy Zhou Ziye, because most of the time was the next month's contract, which did not exceed three months. of.

However, the price of gold did not drop briefly until it appreciated to 420 US dollars in May 2003. Even by the end of the year, it reached more than three hundred and fifty dollars, so in order to maximize profits, UBS also needs to find out from its customers who bet against it.

Zhou Ziye drew his own standard line

. "The current market price of London gold is 322 US dollars per ounce. I need to help me establish a long position. As long as the transaction price does not exceed 2% of this price, three-month and half-year contracts can be opened."

Zhou Ziye counted the time. It is now the end of July, which means that for ten months, the price of gold has been rising and has never fallen. Then after this long position is established, it is equivalent to having been making money. . So there is no need to worry about liquidation.

He went on to say: "I will put 5.5 million in the investment account and open a position at a leverage of five-thousandths. But I have a requirement that the share of the contract should not be too large. The longer the date, the better. The latest deadline It can go to May next year, because then I will have a big investment."

Heyman, the head of UBS's investment guarantee department, said with some worry: "This risk is relatively large, don't you think about it anymore?"

Zhou Ziye smiled and said: "Big risks can have big income."

According to Zhou Ziye's statement, his total position can reach two hundred times the US$5.5 million, which is US$1.1 billion. The total contract value of nearly 3.4 million ounces of gold only needs to be 30%. Profit, that is, hundreds of millions of dollars.

Zhou Ziye ordered them to open more small contracts, which of course was in line with UBS's profit. Hyman readily agreed and said: "If you calculate according to the total amount of the contract, each ounce of gold requires a margin of four dollars and a transaction cost of 0.5 dollars. The transaction cost can be ignored, but I can do the margin here. The master gives you a minimum of two dollars and a deposit of six million yuan. Mr. Zhou needs to solve this problem, otherwise it will be difficult for us to act according to your intentions."

Zhou Ziye nodded and said, "I can understand this. Then I will open a contract based on the funds in the account first, and I will find a way for the subsequent funds."

Heyman nodded and said: "There is one more thing we need to get your confirmation. Mr. Zhou must only invest through these contracts, rather than want to really own the gold, right?"

"Of course, all the contracts I mentioned are option contracts. At this point, your bank needs to guarantee the subject matter of my contract. Even if the physical contract expires, your bank needs to withdraw at the market price. I think your bank is at this point. There is nothing wrong with the above one, right? And when the contract is about to expire, I accept the bargaining negotiation."

Heyman smiled and said: "Since this, we have all understood. Our guild will strictly follow your requirements.

. All detailed terms and conditions will be completed within two working days, and then the contract will be formally signed. "

Zhou Ziye stood up and shook hands with several staff members and waved goodbye.

Although Zhou Ziye was dizzy after a day at the bank, he was still considering where to get another six million US dollars. According to the fund limit of the account, the total amount of the market that Zhou Ziye could control would be reduced by three. Two-of-a-kind, this won't work.

But his family's coal mine's profits this year have almost been spent by him. He bought tens of millions of houses in Beijing, tens of millions in Hong Kong, and set up a real estate company of 20 million. His father still borrowed more than 100 million from the bank. Millions of interest will be repaid every month. Even though coal mines earn tens of millions of dollars a month, the money has not yet come in.

As long as Zhou Ziye opens his mouth, his father will definitely give the money, and he can find any bank. But if you want to use it in Hong Kong, you need to apply and approve it. Instead of this, it is better to ask Zhang Jun and his company for guarantee.

After making up his mind, Zhou Ziye called Zhang Jun. Zhang Jun understood what he meant and said: "Anyway, I'm getting off work soon. I will call Mr. Zhou and Mr. Gao in a while. Please eat."

Zhou Ziye smiled and said: "No problem, Mandarin Oriental's French food is good..."

"Don't tell me, we are all big bosses. I can't enjoy that. It's like eating a meal to keep up with Xing. The Cantonese cuisine in Wenhua is also good. It's cheaper and more affordable."

Zhou Ziye laughed and said: "Don't look at me asking you about working capital now, I can still afford this little money."

Zhang Jun replied, "Knowing that you are rich, do you have Li Ka-shing and rich?"

Zhou Ziye had a pain in his lungs and couldn't speak, so Zhang Jun hung up the phone triumphantly. Zhou Ziye took a deep breath and secretly said, now I don't have one, but I will soon be richer than him.

When we met for the second time, everyone was a lot more casual. Zhou Xiaohua sighed when they met, "My family, you really let me see that six million dollars was spent in a day?"

Zhou Ziye laughed and said: "You made Uncle Zhou a joke, isn't investment just a decision?! You know, I have money in my family, but moving to Hong Kong is very troublesome. I borrowed Zhang Jun's last time. Face-saving was done smoothly. Rather than trouble Zhang Jun this time, it is better for us to cooperate directly. Sit down, just a few of us, you are welcome."

Zhou Xiaohua sat in the seat, and then said: "Today we have been fighting for a day here, and in the end there is no result.

. Everyone has no opinion on investing in crude oil futures. Everyone knows that oil will definitely rise. Even if it loses, we can also transfer oil to CNOOC. But for this gold, the market is really puzzled. If you are investing in crude oil, let us pay 6 million as a margin. I can promise you without saying a word. Now I will listen to your ideas. If it is not successful, I will not promise you tomorrow. As you know, our funds are still in Chinese banks, and now they are transferred to foreign capital. Don't the banks scold us to death? "

Zhou Ziye nodded and said, "I mean, it's not that you just use your funds for free. Even if I borrow, I will borrow at twice the bank's interest rate here."

Zhou Xiaohua asked: "How about cooperation?"

Zhou Ziye smiled and said: "This is really a bit difficult to calculate the way of cooperation, and I don't know how to calculate the shares. Since you mentioned the crude oil futures matter just now, I think we can cooperate in this aspect."

"Tell me."

Zhou Ziye organized a language and said: "The paper gold market is much smaller than the paper oil market, but the leverage ratio is much higher. The general handling rate of gold is only two hundred times, and too much capital will inevitably flow in. This has caused the market to fluctuate too much. There is no such worry about crude oil. From mining to sale, the average pass rate of a barrel of crude oil has reached more than 500. In our words, it is a barrel of 30 US dollars of crude oil. The second pass produced $15,000 worth of chicken drips. This market is big, and you are not afraid of more funds coming in. If your company is willing, I can persuade my dad to use the coal mine's two-month output as collateral

, Raised 15 million U.S. dollars to enter this market with you. "

Zhou Xiaohua was stunned, "Your coal mine can now produce 8 million U.S. dollars of coal a month?"

"It's just a lot more. My family now has an average of 150,000 tons of high-quality coking coal every month. The export price is now 80 US dollars per ton. Of course, I will give you all the coal produced, including all taxes. We will bear the cost."

Zhou Xiaohua sighed: "It turns out that you are also a real rich man. Since this is the case, then I can initially agree to your terms."

Zhou Ziye smiled and said: "I hope your speed can be faster here. The day after tomorrow, you may sign a contract with UBS."

Zhou Xiaohua thought for a while and asked, "Is your coal really high-calorie coking coal?"

Zhou Ziye nodded, "Except for some coal seams whose heat is around 5,000 calories, most of them are above 6,000 calories. Nowadays, our coal is very popular.

. "

Zhou Xiaohua said: "Xiao Zhou, do you know our company? Our company involves six major sectors: real estate, commerce, automobiles, energy, mining, and finance. We can talk about the business of exporting coal."

Zhou Ziye said, "Uncle Zhou, what do you think of today's energy market?"

"how do I say this?"

"Nowadays, the market for high-quality coking coal is very good, but domestic demand is also increasing. We are now selling for $80 a ton, are we not afraid to buy it back for $160 a ton in the future?! Although we are a big coal country, we have never We are all following the market, why not let the market follow us? We used to export 11,000 tons of copper, but starting this year, our country has started to spend 15,000 tons of copper importing. It won't be long before I can determine the price of copper. It will more than double. These are all lessons, but our people are still sacrificing big interests in the future for the small interests at hand."

Zhou Xiaohua was not a lonely mediocre, and he understood Zhou Ziye's meaning as soon as he heard it. After pondering for a while, he said: "I really haven't thought about this problem before. The price of iron ore, copper, and aluminum are all higher than in previous years. Domestic demand has promoted the prosperity of the market. , But when we have no pricing power, these losses will definitely be eaten."

Zhou Ziye nodded and said, "If we export, our family will get 80 dollars per ton of coal. Our family can get about half of that, which is forty dollars. This is more profitable than selling in China, but I talked to my dad. This matter. According to our current output, our annual income is about 500 million yuan. Anyway, there is no shortage of money. Why do we want to export?! When foreign demand exceeds supply, then we will only increase prices. Can follow our steps. So, this matter must be considered carefully."

Gao Kaibo couldn't help saying: "Xiao Zhou, you have such a mentality for the country and the people. It's really worth learning."

Zhou Ziye couldn't help laughing. "Brother Gao, please don't say that to me. I'm just a selfish conspirator. I love the beauty of the car and be free. However, I can bring a little benefit to the country while I develop. When it comes to selfless dedication or something, I don't have that good style."

Zhou Ziye was telling the truth, but everyone laughed when he joked. But with this level of understanding, the distance between the two sides has also narrowed. At the wine table, the three of them did not resist Zhou Ziye's offensive alone, and the two were dizzy. Gao Kaibo, a southerner, was directly drunk.

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