Reborn as a tycoon in Hong Kong

Friday night, Peninsula Hotel.

Hutchison Whampoa holds a celebration party here, inviting business owners who have business dealings with Hutchison Whampoa, as well as people from relevant Hong Kong government departments who often deal with it.

Lin Baicheng also invited some people, but many of them had only met a few times, so he couldn't guarantee whether they would come.

As the organizer, Lin Baicheng came to the Peninsula Hotel early and entertained the guests with Wei Li and other Hutchison Whampoa management. Many business owners or politicians who had business dealings with Hutchison Whampoa were introduced to Lin Baicheng through Wei Li's introduction.

Although Lin Baicheng is now worth billions of Hong Kong dollars, he lacks personal connections. However, this is not a problem. With his rich net worth, of course there are many people who want to know him. If you meet him a few times, everyone will gradually become familiar with him, and your connections will be established.

Of course, Lin Baicheng didn't accept everyone, and Hutchison Whampoa's management Xia Boyin and others accepted people who didn't meet a certain level.

"Huo Daban, you are welcome to come."

Another acquaintance arrived, and Lin Baicheng greeted him.

Huo Yaohua and Lin Baicheng shook hands and said with a smile: "Lin Sheng, congratulations on becoming the new richest man in Xiangjiang."

"Huo Daban, you are making fun of me."

Lin Baicheng couldn't help but smile bitterly after hearing this. Hutchison Whampoa's share price exceeded 30 Hong Kong dollars at yesterday's closing. This morning, some newspapers exaggeratedly reported that Lin Baicheng's wealth surpassed Bao Yugang and became the new richest man in Hong Kong.

"Not to mention that the current stock price of Hutchison Whampoa is obviously exaggerated due to speculation. Even if it is calculated based on today's closing price of HK$33.6, my total wealth is less than HK$10 billion. At the beginning of the year, Bao Sheng's wealth According to outside reports, it is only HK$7 billion, but that is obviously because Global Shipping Group has not been listed, so the calculation is very small. Once listed, Bao Sheng's wealth will not be HK$10 billion, even if it exceeds HK$20 billion, there will be no problem. "

"It's a pity that Mr. Bao is unwilling to list Global Shipping, otherwise his wealth would be unimaginable. But now is not the best time to go public. Since the oil crisis, the development of the shipping industry has obviously declined."

Huo Yaohua said out loud that if the shipping industry is declining, listing at this time will definitely not have a high price-to-earnings ratio, and the stock price will be difficult to rise. It is obviously not cost-effective to go public at this time.

Lin Baicheng smiled and said, "Just listen to the new richest man. If you take it seriously, it will make people laugh."

"Lin Sheng can see clearly."

Huo Yaohua was a little surprised. He originally thought that Lin Baicheng was still young and after being touted by the media as the richest man in Hong Kong, he would get lost in vanity and become proud, complacent and arrogant. However, Lin Baicheng saw clearly and was not affected at all.

"Who told this to be a fact?"

Lin Baicheng shrugged. Sooner or later, he will become the richest man in Hong Kong, and he will be the kind that cannot be hidden, so it doesn't matter whether he does it now. Once his wealth reaches a certain level, no matter how much he hides it, the wealth that is revealed will definitely be a huge amount. Sooner or later, the title of the richest man in Hong Kong will fall on him.

Huo Yaohua turned around and looked around. After making sure that no one was around, he whispered to Lin Baicheng: "Lin Sheng, you have a long position in gold futures at Standard Chartered. Now the loss has exceeded 10%. The price of gold will continue to fall." , after a loss of 20%, your $100 million principal will be liquidated."

"I know what Huo Daban means. Don't worry, I know it well."

Lin Baicheng said with a smile that the gold price has now fallen below 170 US dollars per ounce and is now around 167 US dollars per ounce. The cost of Lin Baicheng's long gold futures orders at Standard Chartered and Mitsubishi is around 189 US dollars per ounce, with both prices falling by almost 12%. .

However, despite losing so much, Lin Baicheng was not prepared to operate. Anyway, he insisted on being bullish, and the more it fell, the more he bought, rather than shorting or cutting. Before the gold price falls below 160 US dollars per ounce, Lin Baicheng's principal is safe. Once it falls below, he will start to prepare funds and be ready to increase the margin at any time.

Fortunately, Lin Baicheng did not use 10 times leverage, otherwise he would have been preparing to increase the margin a long time ago. The reason why he only used 5 times leverage was because he was afraid of encountering adjustments. He did not want to encounter it, but fortunately he did not take risks. .

Nowadays, Lin Baicheng not only ignores the long orders, but also starts to slowly buy long orders with the funds he had previously realized. By buying near the current price, Lin Baicheng is no longer worried about liquidating his position.

"As long as Lin Sheng has an idea."

Huo Yaohua nodded and said nothing more. He just reminded him aloud.

Lin Baicheng and Huo Yaohua chatted for a while and then separated. When other guests with a certain social status arrived, he would go with Wei Li and others to meet each other and get to know each other.

After a while, Iwasaki Mineryu arrived, and Lin Baicheng went to chat with him for a while until Bao Yugang arrived.

"Bao Sheng!"

Lin Baicheng went over and shook hands with Bao Yugang.

Bao Yugang smiled and said: "Lin Sheng. No, I should call you Lin the richest man now."

"Sheng Bao is making fun of me."

Lin Baicheng smiled helplessly and continued: "But in order to call you the richest man in Lin, Bao Sheng, I have to make more money and try my best to make my wealth surpass you. Otherwise, Bao Sheng, you will be called the richest man in Lin." called."

"Lin Sheng, you have achieved what you have achieved at such a young age. I believe you will be able to truly achieve this soon."

Bao Yugang said seriously that he did not dare to underestimate the young man in front of him who was not yet twenty years old. A few people in Hong Kong, including Bao Yugang, now know that Li Jiacheng and Feng Jinxi teamed up with Bob and Jardine's Nuo Bijian to short Hutchison Whampoa, while Lin Baicheng, together with Japan's Iwasaki Mineryu, went long Hutchison Whampoa. He made a lot of money in the futures and stock markets, which made Li Jiacheng and others miserable.

Especially the Qi Dezun family, Yihe, and Bob who originally held shares, their stocks were sold at the floor price. Compared with the current stock price of more than 30 Hong Kong dollars in Hutchison Whampoa, there is a huge difference.

Although Lin Baicheng said that in order to protect the safety of investment funds, he kept investment information secret from the outside world. This statement makes sense, but it is also true that he and others teamed up to make huge profits. If there is nothing in it, who would believe it?

He has such a method at such a young age and has to be looked down upon.

"The contractor is very lucky to you."

Lin Baicheng smiled. He was not talking big words just now, but he was confident. He was confident that his wealth would surpass Bao Yugang's in a few years.

Lin Baicheng chatted with Bao Yugang for a while. After Shen Congee arrived, he ended his chat with Bao Yugang and went to Shen Congee's side.