Break out of the courtyard
Chapter 721: Selling magnesium and buying Japanese yen
The second wife, Chen Shuting, was pregnant with a big belly and was being supported by the first wife, Tang Xin, as she walked outside the door to help digest her food.
Seeing Zhang Heping coming back, Chen Shuting couldn't help but ask anxiously, "Husband, affected by the plunge in magnesium stocks, Hong Kong stocks and Eagle stocks have also fallen sharply. What should we do next?"
Zhang Heping walked over with a smile, "Wait for them to fall for a few more days, and then have someone buy the dips and make long-term investments. But before that, use the magnesium dollars in the Stepmother Investment Company account to buy Japanese yen, and then convert the yen in the Peace Investment Company account into magnesium dollars."
Chen Shuting was stunned for a moment. She didn't know if it was because of her pregnancy, but she forgot how much money was left in the Stepmother Investment and Heping Investment accounts. Because her husband had been handling that matter before, she and Tang Xin only needed to sign the documents.
By the way, the funds they signed and authorized each time were often hundreds of millions or even billions. If they were sold out by Zhang Heping, they would probably have to help Zhang Heping count the money in the end.
"Stepmother Investment will use 450 billion magnesium dollars to exchange for Japanese yen, and try to exchange the remaining 5.5 trillion yen from Peace Investment, and by the way, let the magnesium dollar depreciate a little, exacerbating the plunge in magnesium stocks!" After Zhang Heping explained the purpose of the currency exchange, he smiled and rubbed his concubine Chen Shuting's head, and said:
"I'll write down the steps and amounts on paper, and you can just arrange people to execute them. You can take your time to buy the bottom of Hong Kong stocks and Eagle stocks. You can also buy some stocks from China, but forget about stocks from other countries."
"Oh!" Chen Shuting smiled and said, "Don't worry, husband, I will definitely get this done!"
The current exchange rate of the Japanese yen is 138 yen to 1 magnesium dollar.
Theoretically, 450 billion magnesium dollars can be exchanged for 6.21 trillion yen, but such a large purchase of magnesium dollars will inevitably lead to an appreciation of the yen exchange rate and a corresponding depreciation of magnesium dollars.
Therefore, the final exchange rate is between 138:1 and 130:1. The specific exchange rate depends on market reaction and whether Japan's Ministry of Finance will intervene in exchange rate changes.
Zhang Heping exchanged so many magnesium dollars into Japanese yen, which not only exchanged the Japanese yen in the account of Heping Investment Company, but also caused the magnesium dollar to depreciate, exacerbating the decline of magnesium stocks.
Another consideration is to use the Japanese yen funds in the stepmother investment company's account to boost the confidence of Japanese stock investors in stock trading and prevent Japan's economic bubble from bursting prematurely.
After all, this is the second time Japanese stocks have plummeted.
As long as the Japanese stock market can rebound quickly after this crash, Zhang Heping will not have to intervene during the next crash. Japanese companies and investors will blindly believe that the Japanese stock market will rebound strongly after a fall!
The result is that after the Japanese economic bubble burst, Japanese companies and investors were trapped at high levels and have been waiting for Japanese stocks to rebound again!
The steps for exchanging currency are very simple. Zhang Heping even wrote to his concubine Chen Shuting which listed companies' stocks can be bought at the bottom, so as to avoid worrying about it.
...
After Zhang Heping entered the laboratory in the afternoon, the exchange rate market in Japan began to fluctuate.
In the second half of the previous year, when the Japanese yen appreciated, not many Japanese paid attention to the exchange rate, let alone speculated in currency.
It was not until last year, when the Japanese yen appreciated by more than 40 percent, that the currency speculation gene of the Japanese was activated, attracting many Japanese to speculate in foreign exchange.
然后,日元汇率就从前年的最高点230:1,升到了去年的160:1,再升到今年的138:1.
Today, following the high-profile official announcement by the Peace Group that it would invest to stabilize Hong Kong stocks, Eagle stocks, and Japanese stocks, the yen exchange rate soared again, attracting foreign capital that had fled the stock market to rush into the invisible Dongdu foreign exchange market.
Why is the Dongdu foreign exchange market an invisible market? That is because it is not a truly international financial market like the London and New York foreign exchange markets.
It is just a loose foreign exchange trading market formed by a number of Japanese banks and foreign banks in Touto after the Japanese government relaxed regulations and allowed all banks to conduct foreign exchange business in Japan.
The reason why it is named Dongdu Foreign Exchange Market is simply because Dongdu has the largest and most complete number of foreign banks.
Another key reason why Zhang Heping chose to use magnesium dollars to buy yen is that the types of currencies traded in the Dongdu foreign exchange market are relatively single, and most of them are swaps between yen and magnesium dollars!
This is because Japan-Island trade is settled in magnesium dollars, and Japanese people like to use magnesium dollars to shop in Magnesium!
With a large amount of foreign capital pouring into Japan, Japanese people's plans to short magnesium stocks and buy the bottom of magnesium listed companies' stocks have a lot of magnesium yuan to support them.
Just as the Peace Group was making a high-profile show and completely ignoring Magnesium's tariff restrictions and import commodity standard inspections, Magnesium's Forbes magazine launched this year's global rich list.
What’s funny is that among the 9 billionaires from Hong Kong, Macau and Taiwan on the list, only one has the surname Zhang, and it’s not Zhang Heping!
This kind of unrealistic magazine is like this every year and no one is interested in it in Hong Kong Island!
In East Asia, everyone knows the strength of the Peace Group. Even the Chinese in Hong Kong Island have to give in.
Haven’t you seen that the magnesium embassy in Hong Kong has been cut off from water, electricity and gas for three months?
When a large amount of foreign capital was flowing into the eastern part of Japan, Zhang Heping was just in the laboratory, directing a few experiments, and time inadvertently came to dinner time.
The Nikkei index fell 12.6%, while the Hong Kong stock index only fell 5.3%. Compared with the 20% plunge in the Dow Jones Index of magnesium stocks, it can only be regarded as a drop in the bucket.
After the Japanese stock market closed, Dongdu's foreign exchange market continued because the bank's electronic trading system never closed.
As long as the bank's electronic trading server does not crash, it will not be able to prevent foreign capital from buying the yen, nor will it be able to prevent Japanese people from rushing into the magnesium stock market with magnesium dollars.
Stocks are a tool for speculation.
Especially, in the country of Magnesium, which claims to have freedom every day, people and institutions can make money regardless of whether the stock price rises or falls.
Therefore, the magnesium dollar that rushed into the magnesium stock market tonight was not to buy at the bottom, but to add leverage to short magnesium stocks, hoping to cause another collective circuit breaker for magnesium stocks, with three suspensions in one day!
Director Wang next door, like many people, did not initially understand the motives of the Peace Group to stabilize Hong Kong stocks, Eagle stocks, and Japanese stocks, nor did he understand why Stepmother Investment bought a large amount of Japanese yen.
It was not until the magnesium stock market plummeted for two consecutive days, the market value of magnesium listed companies collectively shrank by 40%, and the magnesium dollar depreciated to 1 magnesium dollar to 122 yen, that the magnesium people panicked!
Zhang Heping didn't know that the Taiwanese in the capital had gone to the gate of the Ministry of Foreign Affairs and blocked it at 5 a.m.
That morning, no one disturbed Zhang Heping in the laboratory, not even during his lunch.
It was not until Zhang Heping left the laboratory in the afternoon and returned home to find four strangers sitting in the living room that he felt a little bit of the anxiety of the magnesium countrymen.
"Mom, you're here. What is my dad going to eat at home?" Zhang Heping greeted his mother Ma Xiuzhen with a smile, then looked at the four people who stood up beside the sofa.
Zhuang Lin, who had originally returned to the capital to complete his mission, brought his team here again this time.
"Your Aunt Chen is helping with the cooking at home, so your dad won't go hungry!" Ma Xiuzhen, who was picking vegetables with a few nannies in the restaurant, said casually, "I figured Shu Ting was going to give birth, and your Grandma Yang happened to call and said Zhuang Lin was coming to Shenzhen, so I came over with them."
"Please sit anywhere. There are fruits on the table. Don't be polite." Zhang Heping nodded to Zhuang Lin and the others, then walked towards Chen Shuting, the pregnant woman sitting on the sofa, and felt her pulse.
"My mother's calculations are really accurate. She may give birth in the next few days. I was so busy that I forgot about it." Zhang Heping said, and took out his mobile phone to call the Peace Hospital outside to ask about the duty status of the obstetrics and gynecology medical staff, and confirmed that the obstetrics and gynecology medical staff had not been sent to the Hong Kong Island Peace Hospital for exchange and study. "Teacher Zhang, don't worry, we have been paying attention to your wife's due date. I have personally reviewed the recent obstetrics schedule, and I guarantee that there will be no mistakes!" The acting dean Lu Weihua sounded the sonorous assurance on the other end of the phone.
Zhang Heping smiled and said, "Thank you, Dean Lu, for your concern. If nothing unexpected happens, my wife is expected to give birth next week. I will have to trouble the obstetricians to take care of her then."
"It's my duty! It's my duty!" Lu Weihua said a few polite words and talked about the recovery of Jiang Xiaomeng's mother Peng Qin in the capital before hanging up the phone.
Zhang Heping put away his phone, then sat down next to Chen Shuting and said slowly, "Don't go too far recently, just walk around the doorstep."
"Yes!" When Chen Shuting heard that she was going to give birth next week, she felt happy and expectant, but also a little afraid to face it, fearing that she would give birth to another girl.
Although Chen Shuting knew that her husband would not favor boys over girls, she still wanted a boy.
Because deep down in her heart, she was not sure whether Zhang Heping would let her have a third child.
Zhuang Lin, Tong Huizhen and the other three who had been left out for a while by Zhang Heping finally found an opportunity to explain their purpose when they saw Zhang Heping picking up his teacup to drink water.
Zhang Heping listened silently for a while, then said calmly: "The Chinese are willing to lower tariffs and lower the inspection standards for imported goods. What does it have to do with me?"
Zhuang Lin said seriously, "Advisor Zhang, the tariffs and inspection standards of the Magnesium Country directly affect the export of your company's products, and also affect the export of many domestic commodities."
"Director Zhuang, you may not have understood one thing." Zhang Heping crossed his legs, leaned back on the sofa, and said indifferently: "The products of the Heping Group are only sold in Hong Kong Island. Foreigners can buy them if they want. It doesn't matter if we don't sell them. Anyway, I don't lack that little money."
"So, how the tariffs and inspection standards are set by the country has nothing to do with me. They can do whatever they want."
"Advisor Zhang!" Zhuang Lin frowned and said, "Even if you don't consider the profits of your company, you should consider the export of domestic goods! There is a lot of inventory in the country now..."
Zhang Heping raised his left hand and interrupted, "Stop using moral blackmail on me!"
"The fact that domestic products cannot be sold only shows that they lack competitiveness!" Zhang Heping put away his crossed legs and said in a cold voice:
"For the sake of your grandpa and grandma, I'll tell Director Zhuang again, if the guy from Mexico doesn't apologize to me, don't even think about making me back down!"
Zhuang Lin said anxiously: "How can Magnesium, a country as big as it is, apologize to a businessman like you!"
"Humph!" Zhang Heping sneered, "Then why did you come to see me today?"
"We..." Zhuang Lin wanted to say, ask you not to continue to deal with the magnesium stock market.
But then I thought, the person who came to their Ministry of Foreign Affairs and said this was from the Magnesium Embassy!
And those Chinese people blocked the gate of the Ministry of Foreign Affairs early this morning, which shows how anxious they are.
Even if those Magnesians entered the Ministry of Foreign Affairs and made all kinds of threatening remarks in a timid manner, their ultimate goal was just to make a Hong Kong businessman stop targeting the Magnesium stock market!
How could a Hong Kong businessman possibly handle a stock market as big as that of Magnesium?
It even forced the people from the Magnesium Embassy to come to the Ministry of Foreign Affairs early in the morning to negotiate the matter!
Zhuang Lin couldn't understand how Zhang Heping did it.
But seeing Zhang Heping's confident look, Zhuang Lin couldn't help but believe it a little more.
Zhuang Lin collected his thoughts, considered his tone, and tried his best to remain calm and composed in dealing with the richest man in Hong Kong who was both familiar and unfamiliar to him.
"According to the guard at our Foreign Affairs Department, people from the Magnesium Embassy came to the entrance of our Foreign Affairs Department at 5 a.m. this morning." Zhuang Lin slowed down his tone and said:
"We received a notice from our superiors at 10:20 to come to Shenzhen to find you and relay the conditions and requirements of the Magnesium people."
"The condition is what I just said, that the Magnesium country is willing to lower tariffs and lower the inspection standards for imported goods."
"Their request is that you stop shorting the magnesium stock market immediately, otherwise they will take necessary measures to intervene!"
"If you have something to say, just say it. Don't bring in your own subjective opinions!" Zhang Heping leaned back on the sofa, crossed his legs and said, "First of all, I didn't short the magnesium stock market."
"Secondly, according to the laws of the country, short selling stocks is a normal trading behavior, and the government of the country has no right to interfere!"
"Finally, it's time for dinner. Do you want to stay for dinner?"
Zhuang Lin opened her mouth, wanting to say that it must have been you who did it, otherwise why would the American people go to the Ministry of Foreign Affairs to block the door so early in the morning.
However, Zhuang Lin thought of what Zhang Heping said "secondly". According to her understanding of the magnesium stock trading rules, short selling magnesium stocks is indeed allowed!
In other words, Zhang Heping has the legal basis not to lie.
So, if it wasn't him who was shorting the magnesium stock market, then who would it be?
"Sister Lin!" Tong Huizhen, who came with her, pulled on the corner of Zhuang Lin's clothes, motioned her to look in the direction of the restaurant, and whispered, "They're going to have dinner, what should we do?"
"Director Zhuang, come over for dinner!" Ma Xiuzhen came to the living room and greeted him, "You can chat after dinner."
"No, Aunt Ma!" Zhuang Lin stood up hurriedly and said, "We still have to go to Aunt Wang to find out more about the situation, and then we have to rush to Hong Kong Island."
Ma Xiuzhen tried to persuade them to stay, “Director Wang may not have prepared meals for you. You can eat here before going over. It won’t take much time.”
Seeing that Zhang Heping had already helped his concubine to the restaurant, Zhuang Lin knew that he didn't really want to keep them for dinner, so he led them away while saying, "Thank you, Aunt Ma. It's really not necessary!"
After Ma Xiuzhen sent the four people away, she returned to the dining table and said to Zhang Heping, "Your grandmother Yang called me this morning and said that Zhuang Lin has been spoiled since she was a child, so she asked you to bear with her more!"
Zhang Heping thought about the scene when he first met Zhuang Lin in the hospital. Her arrogant attitude made Zhang Heping shake his head now, "She is just a bully at home!"
Although Zhang Heping had never seen Zhuang Lin's attitude towards foreigners, he could infer that this woman, who had dressed fashionably and loved dressing up since childhood, was a person who despised the poor and loved the rich in her heart!
The reason why she dared to speak confidently in front of Zhang Heping was not because she relied on the relationship between her grandparents and Zhang Heping, but because subconsciously, she still regarded Zhang Heping as the country-dressed boy she first met.
This is the first impression of people!
Even though Zhang Heping is now the richest man in Hong Kong Island and a specially hired consultant, in Zhuang Lin's subconscious mind, she still feels that she is superior to Zhang Heping.
It was not until just now that Zhang Heping's cold answer and the mention of Zhuang Lin's grandfather and grandmother made Zhuang Lin regain some of her sanity and think clearly about Zhang Heping's current identity and what the Magnesium man asked of her... (End of this chapter)
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