Reborn as a tycoon in Hong Kong
Chapter 446 Abacus
Since May 2, the international gold price has been in shock after exceeding US$250 per ounce. Counting that day, three days have passed.
After get off work on Friday night, Vivien Kelly came to Lin Baicheng's villa.
Because Vivien Kelly said she had something to report to Lin Baicheng, Lin Baicheng called her to the study to talk. Also there was Maori Haruko. After all, Maori Haruko was also an executive of the Golden Fleece Company.
Vivien Kelly said: "Chairman, the international gold price has been in shock after exceeding 250 US dollars per ounce in the past few days. Mr. Gordon, Mr. Sun and I convened everyone to discuss and agreed that the international gold price The possibility of subsequent strength is relatively high, and bulls are stronger.”
"Well, I remember you said that yesterday."
Lin Baicheng nodded when he heard this, with a puzzled look on his face.
Vivien Kelly said: "That's it. Mr. Gordon and Mr. Sun and I decided to use part of the funds we can operate to do long gold futures. Chairman, you already have a lot of funds to do long gold. futures, so I would like to ask you whether we can use the funds we can operate to do gold futures."
"Is that so?"
Lin Baicheng nodded slightly and did not give an answer immediately.
Upon seeing this, Vivien Kelly waited for Lin Baicheng to make a decision.
Haruko Mouri actually knew about this. Vivien Kelly did not avoid her when they discussed it, but her main task at Golden Fleece Company was to monitor the flow direction of funds, not to decide what to do with funds. She was very familiar with finance. Kuai can only be regarded as understanding, not proficient, so she cannot give advice on this kind of thing.
After the small meeting, Lin Baicheng said to Vivien Kelly: "You can use the funds operated by you to do gold futures. If you make a profit, you will definitely get the relevant commission, but if there is a large loss, you also need to be responsible. I I think you guys should understand this, right?"
"Chairman, please rest assured. Since it is our own decision, if the company suffers a large loss, the responsibility will definitely be on us. It is due to our lack of ability."
Vivien Kelly nodded heavily. This was different from the funds Lin Baicheng gave them to operate. They only needed to buy and sell according to Lin Baicheng's instructions. The profits and losses had nothing to do with them.
Lin Baicheng asked: "How much money are you going to use to go long? Are you going to use leverage?"
Vivien Kelly said: "We decided to spend 50 million US dollars to be long gold futures, and then use 5 times leverage."
"Since it does not exceed the authority I gave you, I won't say anything more."
Lin Baicheng gave Vivien Kelly and others the authority to use up to five times leverage in futures trading. If they wanted to use higher leverage, they had to apply to him in advance to avoid causing heavy losses to the company on their impulse.
"By the way, you can operate these 50 million US dollars long orders openly, and don't get into any dispute with my long orders, lest others notice it."
"Yes, we will do a good job in related work."
Vivien Kelly responded. She knew very well that her boss valued the concealment of those long orders. She would rather set up more shells, spread them out as much as possible, and spend more handling fees to do a good job of hiding them. It has nothing to do with the Golden Fleece Company, which shows caution.
"I won't say much else."
Lin Baicheng nodded and then asked: "By the way, when are you going to buy multiple orders?"
Vivien Kelly replied: "The market will be closed tomorrow and the day after tomorrow. We have decided to place an order to enter the market next Monday. The three-day shock is almost over."
"When you are ready to sell, remember to tell me. Don't worry, I will not interfere with your decision to sell. I said that I will leave these funds to you, so I will not interfere with your decision. Unless your operations are very risky."
Lin Baicheng said that although he knew that the international gold price would rise to the highest level and it would be a pity to sell it midway, the international gold price would only fluctuate like this. In the future, it would be Vivien Kelly and their abilities that would depend on them, so it was better to train them from the beginning. It is up to them to decide how the funds are operated and not to interfere at will.
The prerequisite for handing over funds to Vivien Kelly and others is that they do not cause a large loss, and even have to make a good profit. Otherwise, Lin Baicheng will either force them to follow his instructions and treat them as tools; or he will choose to let them get out and replace them with other capable talents to manage funds.
"OK!"
For Vivien Kelly and others, as long as their boss does not interfere with their operations at will, they can still accept a certain degree of restrictions. After all, the money belongs to the boss, and the boss will be worried that they will lose too much. This is normal, and it is the same for any company.
"Chairman, we want to set up a fund to raise funds from outside. Do you agree?"
"Establish a fund?"
Lin Baicheng was startled when he heard this: "What type of fund do you want to set up?"
"We want to set up a closed-end stock fund, mainly for stock trading, but if there are opportunities in markets such as bond currency futures, we will also operate."
Vivien Kelly said that this was something she had discussed with Doug Golden and Sun Yiyang. This time, she mainly wanted to test Lin Baicheng's ideas and see if her boss would agree with them to set up a fund and raise funds from outside.
Lin Baicheng pondered for a moment and said: "This matter is quite sudden, so I have to think about it carefully and cannot give you an answer for the time being."
"Chairman, the more funds we can operate, the higher the security and the easier it will be to bring profits to your funds. I hope you can seriously consider this matter. But no matter what your decision is, we will Comply.”
Vivien Kelly didn't say much. Their current situation did not allow them to leave the Golden Fleece Company platform. Their contracts also limited their possibility of leaving the Golden Fleece Company in the short term. High salaries were not easy to get.
"Don't worry, I will seriously consider this matter."
Lin Baicheng nodded. This was not a trivial matter after all. He really had to consider the pros and cons carefully.
Vivien Kelly said nothing more. After sitting for a while, she said goodbye and left.
The main reason why Vivien Kelly and the others want to set up a fund is that they hope to operate more funds, so that they can gain more commission income and at the same time become famous among investors and pave the way for the future.
This time it was just a trial. It would be best if Lin Baicheng allowed them to set up a fund. If they disagreed, they would not lose anything. At most, they would just look for opportunities in the future.
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