Chapter 285: Short Selling the Japanese Stock Market
"The Silver Hand" has not yet been released in the United States, but "Edge of Tomorrow" has already been written. After mailing the manuscript to Yang Xiao, Liu Hongmin finally had time to go to Tomorrow Film Company.
As a result, none of the three giants were there. Xu Xiaoming was filming "Source Code 2" on the sea and had been drifting on the sea for half a month.
Wang Yaowei went to Beijing to discuss cinema chain matters with China Film Corporation. He wanted to cooperate with China Film Corporation to establish a new cinema chain in major cities.
Zou Shifang went to the agency to get his salary and was buying the bottom of the Japs.
Liu Hongmin was bored staying in the company, so he went to the agency to find Zou Shifang.
Zou Shifang was surprised to see Liu Hongmin, "Why are you here? Have you finished writing the novel?"
"I have finished writing four books." Liu Hongmin looked at him speechlessly, "If you count them, I have already finished two."
Zou Shifang didn't care. "With your speed, I wouldn't be surprised if you finish ten books. I'm not saying anything bad about you, but the Japanese market is so turbulent right now, and you still have the energy to write novels."
Liu Hongmin couldn't help but frown when he heard this, "Are you shorting the Japanese stock market?"
"Yeah! Didn't you see the memo?" Zou Shifang asked back with a frown.
This shouldn't be the case! He had already submitted the memorandum, how could Liu Hongmin not have seen it?
Liu Hongmin thought for a moment and said, "Yes, it has been more than ten days. I forgot about it."
Liu Hongmin did think about shorting the Japanese, but because the risk was a bit high, he gave up.
However, Zou Shifang thought that this matter had great potential. Since all the major investors were shorting, they just had to follow suit. After all, it was only a little over a billion dollars, so even if they lost everything, it wouldn't hurt them. Therefore, Zou Shifang and the people from the intermediary company evaluated the risks and decided to take a gamble.
Short selling the stock market means first lending shares to a bank or company, and then selling the shares. As long as the stock price drops within the repayment period, the investor can buy back the same amount of shares and return them to the bank or company. The profit is the difference between selling high and buying low.
Liu Hongmin only remembered that the Japanese would have a stock market crash in 90, but he didn't know when it would happen. If the stock repayment deadline came and the stock market crash hadn't happened yet, he would lose money.
"How is the situation now?"
Zou Shifang took him to the agency and said, "We were late. On January 1, many Japanese stocks plummeted. Many people noticed something was wrong. We could only find those Japanese who still wanted to boost the stock market and use 10 times leverage to lend them $ billion in stocks for a period of one year. Now those stocks have fallen a lot. So far, we have made about $ million."
Liu Hongmin nodded and said, "You made the right bet this time. I will give you a share of the profits when the time comes."
Zou Shifang laughed, "I'll remember what you said."
Liu Hongmin smiled and said, "How can I treat you unfairly?"
The two chatted and laughed as they walked into the agency's operation room. After looking around for a while, Liu Hongmin asked, "How much money do we have?"
Zou Shifang: "I used $1 billion to borrow the stock margin, and there are still more than $60 million left."
Liu Hongmin thought for a moment, "Can this money support the plan of buying a factory at the bottom?"
Zou Shifang shook his head. "It's paused. We just cashed out the money we had. I was afraid of problems, so I didn't dare to move."
Liu Hongmin: "Don't worry. According to the current trend, the Japanese stock market will continue to decline. Don't stop market research. Once you find a suitable factory, start acquiring it."
Zou Shifang asked: "Aren't you afraid of stock market turmoil? What if the money is moved and the stock price goes up again? It's important to keep some money for backup, right?"
"Then keep half. Even if it's short, I can make up for it from other places later." "Okay, I'll keep an eye on this matter."
There was nothing interesting in the operation room, so we just needed to assign someone to keep an eye on those stocks. Liu Hongmin looked at it for a while, but felt uninterested. He gestured to Zou Shifang and took him to the lounge.
After sitting down, Liu Hongmin asked Zou Shifang: "When investigating the factory, we must pay attention to the fact that it must have the technology we need. I have already informed the Beijing side about this matter, and they will send technical personnel over soon."
Zou Shifang nodded. "It would be great if we had technicians to help. Otherwise, we really wouldn't know which technologies are important."
The two knew nothing about industrial technology. They also didn't trust people from outside. When they did factory research before, they only temporarily transferred technicians from the toy factory.
"The technical choices can be left to the people in Beijing. What we need to do is to ensure that the equipment of those factories is brought to the mainland. Otherwise, everything we do will be in vain."
Zou Shifang nodded. "I've already found someone to help with the relationship. The Japanese are also moving their light industry. The Japanese economy has been booming over the past two years, and people are very impatient. Not many people are willing to work. Over the years, they have moved a lot of unimportant factories to the Northeast."
"As long as we do it secretly, there shouldn't be any problems."
Liu Hongmin nodded, "We must pay more attention to this matter, so that things like Wang Qingyang don't happen again."
Zou Shifang smiled and shook his head, "We are not doing anything illegal. Even if we are discovered, the most we will lose is some money."
Liu Hongmin felt relieved: "That's good."
Zou Shifang knew that he was suspicious again, "You just like to overthink. We are still in the honeymoon period with the Americans, and they won't touch our people."
Liu Hongmin looked at him coldly, "Honeymoon period? How long do you think this honeymoon period can last?"
Zou Shifang couldn't help but frown, "You said the honeymoon period is over?"
"Isn't this a matter of time?" Liu Hongmin sneered, "When Old Su is no longer able to do it, our honeymoon period will be over."
Zou Shifang asked: "How long can it last? Will it affect our plan?"
Liu Hongmin shook his head. "I don't know. It depends on how long Lao Su can hold on."
Zou Shifang: "It seems we have to be prepared for both scenarios."
Liu Hongmin nodded: "Indeed."
The two chatted for a while, and Zou Shifang suddenly asked: "By the way, we just mentioned Wang Qingyang, how is he now?"
Liu Hongmin thought for a moment and said, "It should be coming out soon!"
Zou Shifang smiled and said, "You said this guy is quite interesting. When you were in school, he looked at you as if he saw an enemy. I didn't expect that after graduation, he would make a 180-degree turn."
Liu Hongmin: "I didn't expect that either. But I am glad that he came to his senses."
Zou Shifang sighed twice, still lamenting about life in his heart.
Liu Hongmin returned to the villa and called Richard.
"Richard, how long will it take for Wang Qingyang to be released?"
(End of this chapter)
