Reborn Entrepreneurial Giant

The incident in Xiangjiang did not affect their plan. Qu Li set off for Silicon Valley the next day. When he left, the international crude oil price had already dropped below $70. This shows that his capital is much stronger. Assuming that he cashes out at this time, he will have a profit of 400 million US dollars.

Knowing that Qu Li had arrived in the United States, Wu Hongning came directly to his door. The subprime mortgage crisis in the United States raised the total amount of the bailout plan voted by the United States from the original 700 billion U.S. dollars to 850 billion U.S. dollars in early October. But at this time, all major financial giants are in a liquidity crisis, and domestic funds are limited. Who will pay? Of course, those countries with large foreign exchange reserves.

The foreign exchange reserves of a large country reached 1.53 trillion US dollars in 2007, nearly 2 trillion in 2008, and Japan has about 1 trillion. A big country is export-oriented and has a trade surplus. The United States is the world's largest consumer country. Once it falls, the lack of a market will hit the economy.

However, the size of the foreign debt of the United States has increased from 10 trillion in 2008 to 30 trillion in 22. They will probably never be able to pay back the money they owe to others.

"Morgan Stanley has a huge funding gap. We have money, but we can't control it, and it's even inconvenient to increase the shareholding ratio. Dongying Mitsubishi UFJ is lucky..." Wu Hongning complained, the rich is not the uncle.

"There are so many financial institutions in China, let them come out and look around, Morgan Stanley is such a good platform..."

"In China, we have seen that so many investments have suffered blood loss, and the overseas investment of enterprises is restricted. They will not be able to go overseas if they want to, and the United States may not agree."

"Sovereign funds can't do it, state-owned enterprises can't do it, what about private enterprises?"

"You want to invest?" Wu Hongning glanced at Qu Li

"Just kidding, kidding. I'd rather build cars with so much money. No matter how good Morgan Stanley is, I'm not on the same path as a company." It is harmful to him.

The two chatted for a while, Wu Hongning now has spare money, and is worried about where to invest it.

"Invest in Xiangjiang, isn't it normal to increase investment with such a high return?"

"Have you made any money?"

"Before we make a mistake in our judgment on the general trend, we should not lose money."

"Actually, I told others about your judgment on crude oil prices, but..."

"Could it be that someone lost money by trading according to our judgment?"

"That's not true. They believed half of it and made money and ran away."

"Oh, that's not bad. We still have it, but we dare to bet it. Do they dare now? They don't want us to provide a guarantee, do they?"

"Look at what you said, isn't this slapping me in the face?" Wu Hongning blushed slightly, he was a little dishonest, and he was already apologetic for leaking secrets to outsiders.

"Don't worry, it won't happen next time."

"How can there be a next time? You don't think that there are financial crises every year in the world, do you? You are not a good-looking person, but you think beautifully."

"..." Wu Hongning thought for a long time and finally didn't say anything, knowing that there was a gap between Qu Li and him, and there would be no more intimacy in the future.

"The Australian dollar has really depreciated. One US dollar can be exchanged for 1.5 Australian dollars. The exchange rate was one to one a few months ago."

"Australian dollar has depreciated, so fast?" Qu Li didn't pay attention, what about the yen and euro as the Australian dollar rises?

"Of course, the US base camp is about to collapse, and of course blood must be drawn from overseas."

Qu Li was not calm anymore, he remembered his foreign exchange investment.

"I heard that Xiangjiang has a fool. I don't know who signed the cumulative option contract with."

"What's wrong with buying options, the most you can lose is the principal, the risk is controllable."

"I'm talking about cumulative option contracts."

"Uh, what's the difference?"

"Didn't you buy options many times?"

"Of course, but I have a clear request every time. The biggest risk is losing the principal. This must be stated in the contract."

"Hey, some people can't figure out such a simple thing. This accumulative option contract is calibrated for a price range. If the price is higher than a certain price, it will be cancelled. If the price is lower than a certain price, the current price will be used to make up.

The company in Xiangjiang only needs 1.5 billion Australian dollars, but it has signed an agreement to exchange 1 Australian dollar for 0.87 US dollars, and purchase a certain amount of Australian dollars every month, with a total maximum of 9.05 billion Australian dollars. Even if 1 Australian dollar can be exchanged for 0.69 US dollars now, it must be exchanged for 0.87 US dollars. "

"..." Qu Li couldn't figure it out, and he didn't know if there was a fixed transaction amount every month. The losses could vary from high to low, so it's hard to calculate. The expiry date of Xiangjiang’s option contract was October 2010, the maximum profit was only US$51.5 million, and the loss was unlimited.

"They continue to hold these Australian dollars and wait for the appreciation of the Australian dollar. If they lose money now, they can earn it back?" Qu Li thought for a long time to come up with such a solution.

"What about the continued depreciation of the Australian dollar?"

"Is Australia going bankrupt?"

"..." This time it was Wu Hongning's turn to be silent. Yes, if the funds are sufficient and the investment cycle is long, as long as Australia's minerals are still valuable and Australia does not go bankrupt, it is true that time can be used to make up for losses.

"you say……"

At this point, both of them had their own concerns, and finally they couldn't take care of the meal, and went back to the hotel to turn on the computer and start working. Seeing this, Qu Li's heart felt cold, the euro had depreciated.

At the beginning, Qu Li exchanged 150 million US dollars for 105 million euros, and then the euro continued to appreciate. By July this year, it could be exchanged for up to 168 million US dollars. As a result, in just two or three months, it can only be exchanged for 140 million US dollars now.

Let’s look at the yen again. At the beginning, 200 million U.S. dollars was exchanged for 23 billion yen, and now it is worth 228 million U.S. dollars. Fortunately, the yen did not disappoint him. No wonder the yen is a safe-haven currency.

Qu Li urgently contacted the Vision Fund. It is now the weekend, and tomorrow is October 20th. The Japanese yen will be streamlined, and all euros will be exchanged for US dollars.

Qu Li went to Shopee the next day, but his mind was still on the euro. The yield on the ten-year-old German government bonds he bought had dropped a lot, and it seemed that he had lost money, but the people at the Vision Fund said they had made money, which is hard to understand. ah.

The result came out in the evening, holding a year of German 10-year government bonds, the yield at that time was 4.4%, and the principal and interest should be 109.6 million euros after one year, but now the yield of German government bonds has fallen to 3.8%, and after being converted into cash, it becomes 110 million euros, converted into U.S. dollars, that is 146 million U.S. dollars, and a net loss of 4 million U.S. dollars in one year. Fortunately, leverage has been added, and Xiangjiang has made a lot of money here.

"Are you interested in going to Australia with me?"

"What are you going to do in Australia?"

"The iron ore company called FMG that you were optimistic about before needs money. I don't have much else, only money."

"You only have US dollars, how can you have so many Australian dollars?"

"I don't have Australian dollars, but others do."

Australia's foreign exchange reserves are about 30 billion U.S. dollars. A Chinese state-owned company has signed a cumulative option contract of 9 billion Australian dollars. Is it possible for you to tell others not to worry?

"Then aren't you going to Xiangjiang?" What did Qu Li think of?

"Don't worry, someone is going."

"Australia..." There are lithium mines he needs