Chapter 329: Shorting Greencoin Japanese Yen
Lu Jiaxin opened foreign exchange accounts at HSBC, Standard Chartered and Citibank. She originally wanted to diversify the risk, but later she thought it was unnecessary with her own capital.
After selling all the stocks, Lu Jiaxin exchanged all the money into Greencoins, a total of 30 million. She had the best impression of HSBC's managers, so she deposited all the money into this account.
After the bulk of the money was deposited into the HSBC foreign exchange account, Lu Jiaxin only had 1.6 million Hong Kong dollars left in her daily account. However, her biggest monthly expense is rent, which has been paid for a year, and the rest is living expenses and bodyguards' wages, which can last for more than half a year.
Wu Ziyue was shocked when he heard her request: "30 times short Greencoin/Japanese yen, Miss Lu, you short 30 times, as long as the exchange rate rises by 3%, you will be liquidated, and you will lose all your money."
In the past six months, Lu Jiaxin also asked him to help trade foreign exchange, but there were only 600,000 Greencoins in the account. There were losses and gains, and it was basically flat after more than half a year. He was really a bit overwhelmed to suddenly use such a large amount of money to speculate in foreign exchange with such a high leverage.
Lu Jiaxin said: "Foreign exchange speculation is gambling, so let's gamble bigger. Manager Wu, can this business be done? If not, I will go to another bank."
Wu Ziyue still persuaded her earnestly that even if she wanted to speculate in green currency/yen, she couldn't use such a high leverage. Ten times was already very high, but no matter how he persuaded Lu Jiaxin, she was unmoved.
Lu Jiaxin knew that he was kind, and thought for a while and said: "Manager Wu, I know you do this for my own good. But since I dare to buy like this, I have my reasons. Please help me open an order!"
She actually wanted to speculate with a leverage of 50 times, but the bank would not approve such a high leverage. She could only retreat to 30 times leverage.
Wu Ziyue looked at her in confusion: "Ms. Lu, did you get the news and judge that the green currency/yen will fall?"
Lu Jiaxin smiled, and then said: "Manager Wu, I remember that you have a confidentiality agreement, I need to sign a copy. This matter cannot be known to a third party except you and me."
Wu Ziyue said that there was indeed a confidentiality agreement: "Ms. Lu, no matter whether you make a profit or a loss in this business, I have to apply to the boss for such a high leverage. But don't worry, we at HSBC have never leaked the information of customers for so many years."
"Then go ask your general manager!"
More than ten minutes later, Wu Ziyue came back and said that the boss had agreed to lend her a loan. But when Lu Jiaxin signed, Wu Ziyue stopped her again: "Ms. Lu, you have to think it over. If you blow up your position with 30 million green coins, you will not have a penny left."
Lu Jiaxin smiled and said: "I studied finance and know the consequences of doing this."
After that, she signed the contract without hesitation. After racking her brains, she finally remembered that a friend had mentioned the Plaza Accord, and joked that the agreement was signed on Sunday, and she didn't know whether she would be paid overtime.
Lu Jiaxin checked and found that the Plaza Accord was signed on the 22nd, and the market was closed on weekends. After thinking about it, she chose the 23rd to start. From this day on, the greenback/yen fell, and it fell nearly three times until the mid-1990s. America achieved its goal and changed its trade deficit; the island country, however, had an economic bubble due to a large amount of foreign capital, and after the bubble burst, the economy stagnated for a long time or even declined.
After signing the contract, Lu Jiaxin left the bank with a smile on her face.
The more Wu Zi looked at her relaxed attitude, the more certain she was that she had inside information. After hesitating again and again, he still reported the matter to the boss, but the HSBC boss thought that Lu Jiaxin was too stupid to bet her life on the news from unknown sources.
The weather was getting colder, and Lu Jiaxin also had to buy clothes, shoes and socks. Unexpectedly, I ran into He Mingzhu while shopping. She looked the same as before.
Lu Jiaxin took the initiative to greet her: "Sister Mingzhu."
Before, when He Mingzhu took away the video and written documents, she thought she would take some action, but she didn't expect that she would remain silent. I don't know if she didn't have the courage to resist or the time was not right.
He Mingzhu found that Lu Jiaxin had become more beautiful after not seeing her for a while. I don't know if it was because of the nourishment of love: "Why are you shopping alone? Isn't Nie Shao accompanying you?"
Lu Jiaxin smiled and said: "He has work to do and can't always accompany me. I also need my own private time."
She has rented a house next to the school and hired three professional teachers to teach her. She can keep up with the progress of the school courses, so she wants to speed up the progress and finish the next semester's courses in advance. It's not easy to get in. If you don't ask for the honor list, at least you can't fail.
He Mingzhu felt that she was very insightful, but unfortunately she had not noticed it before because she had not had much contact with her: "How is Fourth Aunt recently? Is she healthy?"
Lu Jiaxin politely said that she was in good health: "She just suddenly said that she wanted to go back to Shanghai to see her, and no matter how I persuaded her, she would not go. I had no choice but to agree to her."
She felt that this matter would eventually come to nothing.
He Mingzhu said with some concern: "A lot of things happened at home these days and she couldn't leave. Can her body handle going to the mainland?"
Lu Jiaxin sneered at her reason. It's not thousands of miles away. It's less than an hour's drive from Hong Kong City. No matter how busy she is, she can't save this little time. It's just that she didn't take the aunt seriously and didn't really take her to heart. The aunt said that she was good, but she was just a tall one among the short ones.
Disdain in the heart, not on the face.
Lu Jiaxin pretended to be helpless and said: "The doctor naturally didn't recommend going to Shanghai, but she kept making a fuss. Alas, old child, old child, she is really like a child when she is old."
He Mingzhu said: "I'll go see my fourth aunt later."
After shopping until twelve o'clock, Lu Jiaxin went to the hotel she had made an appointment with. Unexpectedly, the person who arrived was Wang Yadan. Seeing her, Lu Jiaxin knew that this date was ruined again.
Wang Yadan came here specifically to find her: "Miss Lu, Laozhai called the boss ten minutes ago and said that the chairman had fallen. The boss was worried and rushed over."
Mr. Nie is now over seventy years old. Rich people in Hong Kong generally live long lives. Many people at this age are still walking fast. I don't know why he is in such poor health.
Lu Jiaxin nodded and asked, "Sister Dan, haven't you had lunch yet? Sit down and eat together. If you have nothing to do in the afternoon, let's go shopping together after dinner."
"Okay." Wang Yadan agreed readily.
While waiting for the dishes, Wang Yadan said with a smile: "When my boss came back from vacation, many people came to ask me if my boss was dating? They also asked me which lady I was. How could I tell them? The boss even took photos secretly taken by the paparazzi. I bought it because I don’t want to affect you.”
Lu Jiaxin had long guessed that Nie Zhan suppressed the news. Otherwise, Nie Zhan was photographed in gossip magazines when he went to pick her up from school. Now that the two of them are dating and meeting more and more often, there is no way that there will be no movement from those paparazzi. But Nie Zhan didn't say anything, so she pretended not to know.