Reborn in Hong Kong: The Tycoon Grows Up
Chapter 197 Oil Futures Income 2
After all positions in the oil futures contracts were closed this time, Bao Zixuan couldn't calm down for a long time after seeing the report in his hand. No wonder some tycoons in the Middle East in later generations would be so tyrannical, and the lives of Wall Street financial tycoons would be so exciting. The income this time alone is already more than the total profit from all the products sold before.
Moreover, leverage can also be used to allocate capital, which is a typical example of using small amounts to make big gains. In fact, there are many people who have lost everything in the futures market. Although Bao Zixuan doesn't understand, he knows the general context of history. Know when the highest price is, and exit more than half a year in advance. This makes many institutions think that they are just speculative institutions that make a quick buck, and they don't take it to heart.
In the Blackstone Fund conference room, Clay Clark was reporting the oil futures earnings to Bao Zixuan.
Clay Clark said: "Boss, and colleagues sitting here. Our Blackstone Fund spent a total of 1 time on this oil futures, using ten times leverage to allocate funds."
"When we purchased crude oil futures, the price was US$13/barrel, and the average price when we closed the position was US$28.3/barrel. We made a total profit of US$5.8 billion, which can be said to be a complete victory. After deducting our handling fees and capital allocation Our actual profit from expenses was US$5.28 billion."
After Clay Clark finished speaking, cheers and applause came from the conference room. Everyone was so excited. Bao Zixuan was very calm. This was not the final benefit. They also had to deduct about 35%-40% of the tax. This is why many American companies are doing everything they can to reasonably avoid taxes. The U.S. taxes on high-income people are so high that many U.S. companies have registered their parent companies on islands in tax havens.
But Bao Zixuan didn't do this, he didn't have any foundation now. If you are engaging in tax evasion, it will be very troublesome if you are discovered. It makes people feel a little unkind. After all, Heiyun is developing very well now and he doesn't want to leave any stain.
Fortunately, there is no inheritance tax in Xiangjiang, otherwise we would really have to set up a family trust fund. Rich people here in the United States continue their family wealth by establishing family trust funds. Otherwise, if it is passed down for several generations like the Rockefeller and Morgan families, there will probably be nothing left.
Bao Zixuan said to everyone: "Everyone has worked hard recently. In this operation, everyone will receive an additional US$1 million bonus. As for Clay, Clay will receive US$3 million. This is what you deserve. No need to follow I'm polite, as long as you can complete the tasks I give you in Blackstone, you will receive corresponding rewards, and I will not be stingy in this regard."
"Regarding the reward of 500,000 U.S. dollars for all logistics support personnel, Yifei will get 2 million U.S. dollars. Everyone can also get 2 months of paid vacation. At the same time, I will reward you with a copy of all the electronic products of Heiyun Company."
"You can now install the Heiyun home theater in your room, listen to the Heiyun Walkman, use the Heiyun Vision 1200 laptop, and play the Heiyun game console. After choosing the product according to your family situation, tell Peng Yifei, Heiyun employees will deliver it to your home.”
"You have all signed the confidentiality code, and I don't want to repeat anything. But I hope you will forget about this operation, so that everyone can stay in the same team for a long time."
“Finally, I decided to appoint Clay Clark as the president of Blackstone Fund Company, responsible for the overall operation of Blackstone Fund. Today, two months later, I hope to see you return to the company in high spirits. We will make big moves in the second half of the year. "
When it came to whether to reward the traders heavily this time, Bao Zixuan was a little hesitant. After all, all the thoughts and ideas are based on your own memory and can be completed by any fund manager. It seems that there is no need to reward heavily, but considering the long-term stability of the team and preparation for the next operation, it was decided to give these traders rewards that they could not get at other fund companies.
Even Clay Clark, an old manager who has worked at Hawkins Fund for more than ten years, has never received such a high reward for a single transaction, and as far as he knows, there are very few managers on Wall Street who can earn more than 3 million in a single transaction. Dollar. It seems that this little boss is indeed as legendary as he is, very generous to his own people.
Clay Clark, who had been confused for a while after leaving Hawkins Fund, was now very clear-headed and knew that Bao Zixuan was a boss who liked to delegate power and was extremely generous at the same time. Isn’t this exactly the working environment of my dreams?
There are still some finishing touches to be done before bonuses can be distributed. The allocated funds were immediately transferred to Mellon Bank, and a high handling fee was paid.
At the same time, the US$300 million loan secured by the American Black Cloud Software Company was also repaid, although it has not expired. However, Bao Zixuan didn't like to owe money to others, and the Mellon family, who basically knew the entire transaction process, was shocked. The young man Bao Zixuan's status in their hearts has improved a lot, and he can now have direct dialogue with the Mellon family.
After accounting for employee rewards and consumption, Blackstone Fund paid US$1.5 billion in taxes excluding tax deductions, which directly made the U.S. Tax Administration feel incredible. Not only the U.S. Taxation Office, but also their staff said that they can wait until next year’s tax filing season. However, Bao Zixuan had his own idea. He wanted to transfer most of the money back to Xiangjiang. If the tax was not paid, the US financial management department would not agree to the large transfer of the Blackstone Fund.
Now that the design drawings of Yulin Institute of Technology are about to be completed, a lot of preliminary work must be prepared. Why should we give the Hong Kong government an explanation for acquiring the land so cheaply?
When Lin Polytechnic opened its account at Standard Chartered Bank in Hong Kong, the entire Hong Kong banking industry was shocked by Bao Zixuan's generosity. It has just been a few days since the exhibition ended, and many customers still have prepayments in their bank accounts! Without using the funds in the Heiyun account, it is estimated that only Bao Zixuan can do it in Xiangjiang, and even HSBC will have to work hard for a while.
Bao Zixuan watched as the money in his account came and went quickly. There is still US$2.5 billion in the Blackstone Fund account. This part of the funds is not of great use yet, but it cannot be allowed to grow moldy in the account.
He handed Clay Clark over to the office and said: "There is still 2.5 billion US dollars in the account. You use 500 million US dollars to buy General Dynamics shares; 500 million US dollars to buy Motorola shares; 500 million US dollars to buy Coca-Cola shares."
"I am very optimistic about these three companies. As for the others, you can take care of it! But I require US$1 billion in cash in the account in July. We still have a tough battle to fight."
Bao Zixuan knew that he would not lose money if he held stocks such as General Motors, Motorola and Coca-Cola for a lifetime. You can still buy in large quantities while the stock price is low now, but there won't be such a good opportunity in the future.
As a veteran fund manager, Clay Clark knows the U.S. stock market very well, and he is very familiar with the stocks chosen by his boss. I am also very optimistic about it. Now it seems that the boss does not know how to operate in the financial field, but he just doesn't like to be overly involved and wants to give his subordinates room to develop.
After handing over the purchased stocks, traders who did not leave the Blackstone Fund quickly absorbed a large amount of stocks of the three companies in the stock market, causing the stocks of General Motors, Motorola and Coca-Cola to rise to a certain extent. However, seeing that the acquisition purpose of Blackstone Fund was very clear, which was to hold it for a long time, the three companies were reassured, but they still arranged for dedicated personnel to pay attention to the situation of Blackstone Fund. After all, no one is stupid, and it is impossible to completely trust these financial investment institutions.
Bao Zixuan stayed in New York until the end of March before returning to Boston and MIT. I originally planned to go back to Xiangjiang to celebrate Li Yulin's birthday, but my mother didn't like publicity and told Bao Zixuan to keep a low profile. So I sent red envelopes of HKD 2,000 to all Heiyun employees in the name of my mother. For this expenditure alone, Heiyun Group spent nearly 200 million. After arranging all the work of Blackstone Fund and seeing all employees go on vacation, Bao Zixuan left.
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