Future chat group - Chapter 853

c844 Foreign Reserve Structure and Opportunities

In the box, the general manager of the auction house and Qiu Youfan were completely stunned. They knew Lei Hao’s identity and had learned about Lei Hao’s deeds in the financial circle.

These are works of art and antiques. Does Lei Hao know the price? In other words, he can know the price from public information, but what about other people’s psychological prices… Thinking of this, everyone seemed to suddenly understand.

Yes, when it comes to psychological price, who is better than Lei Hao? He is a financial genius who destroys established financial institutions. He is a financial genius who comes out once in a hundred years in China. Are you competing with him for funding? Never died.

What is shocking is that Lei Hao rolled up his sleeves and just did it. Is he really not afraid of falling into trouble in this small auction? His fame is nothing compared to this matter.

Or looking at the problem from another angle, Lei Hao is really confident.

I just shout out the price for every item. I can shout out the most extreme number under your psychological price. Just give up. If you feel it is a pity, just buy it. There is no profit. This is simply the most competent entrustment.

“Mr. Lei.” Qiu Youfan somewhat understood why Lei Hao made money so quickly. There are too many things that need to be priced in this world. As long as you are price-sensitive, you can easily find opportunities to make money.

With Lei Hao’s ability, he might be able to get rich by selling vegetables.

The person in charge of the auction house also quietly breathed a sigh of relief, and then he was secretly happy. This could be regarded as a bad thing turning into a good thing. Lei Hao vented his anger, and the auction house also made money.

Having a financial giant help you raise the price of your auction is something you can’t get even with money.

But it was not their turn to intervene. As one of the major shareholders, Qin Yu happened to take advantage of this matter to meet with Lei Hao.

As the night progressed, Qin Yu rushed to the scene. While receiving Lei Hao and Qiu Yuting, he first apologized, but with a hint of inexplicable envy in his tone: “Tiger, I don’t accept anything but your vision and ability.”

If you help Peng Rui, you can gain the friendship of Lin Anxi, who has saved the day. If you participate in an auction, Lei Hao can also cause some trouble, and he will have an overall advantage. In order to apologize to him, the auction house will buy everything he buys tonight. The account was wiped out in order to make amends, but the organizer did not suffer a loss. Instead, they made a little more money by selling the items at a high price.

Thinking about Lei Hao’s achievements in the financial field, Qin Yu could only admire him with admiration. He had never seen anyone so sensitive to prices.

It was also because he valued his relationship with Lei Hao that Qin Yu eagerly came over to treat him to a midnight snack and apologize.

Lei Hao was relatively leisurely during this period, and he didn’t mind spending the evening with Qin Yu. However, there was no major event in the investment field, but the other party brought another piece of information.

“The central bank intends to hand over a batch of maturing monetary assets to Chinese private financial institutions for operation. The specific method should be bond forward transactions.” The place where Qin Yu entertained Lei Hao and Qiu Yuting was his villa in Shanghai. After finishing his opening remarks, he dropped the matter.

Lei Hao immediately became serious, and Qiu Yuting beside him also focused his attention.

China’s foreign exchange reserves currently exceed 3 trillion U.S. dollars, but not all of these 3 trillion U.S. dollars are U.S. dollars. Only fools would let 3 trillion U.S. dollars be placed in their accounts.

The foreign exchange reserves of every country are not just a currency or monetary asset. Taking China as an example, the foreign exchange reserves of 3 trillion US dollars include various currencies, checks, promissory notes, bonds, foreign currency bills, and even stocks. , gold, fixed assets and other things.

In short, foreign exchange reserves also need to be invested and managed, and the structure of China’s foreign exchange reserves of 3 trillion US dollars is currently a national financial secret. It is impossible for ordinary people to know how many U.S. dollars, Japanese yen, euros and other assets are in it. of.

It can only be said that the structural change process of China’s foreign exchange reserves is a huge influencing factor on the world financial market, and it even includes the country’s overall development direction.

Then, in what form will these foreign exchange reserves be invested and managed? The answer is in all forms.

The current deputy governor of the central bank, Yuan Jigong, has been a trader for the state reserve. If the central bank wants to convert foreign exchange reserves into an investment target, it is rare for the central bank to do so personally.

From a formal point of view, the central bank is sorting out the size and structure of foreign exchange reserves all the time. If a batch of bonds in the foreign exchange reserves are about to expire, which means there is more currency, then the central bank may consider exchanging these currencies. into other forms of assets, such as bonds.

The structure of foreign exchange reserves is a country’s financial secret. If the central bank uses itself as the main body to participate in the market, what secrets can it have? So what they did was let other institutions come forward to help convert the asset form.

Bond forward trading is one of the methods. I have 5 billion US dollars in assets that are about to be converted into currency, so I choose a financial institution and sign a financial forward contract.

For example, if it matures in 3 months, then after the contract is signed, the financial institution will hand over the corresponding bonds to the central bank in 3 months, and the central bank will give the money. Then these bonds can be deposited in the institution’s account, or they can be The central bank takes it away.

In this way, as long as the financial institutions that signed the contract do not collectively betray the Central Bank of China, then who knows the specific data on the structure of China’s foreign exchange reserves?

Qin Yu mentioned this matter because it is indeed very important. Basically, state-owned financial institutions were responsible for these matters in the past, and private financial institutions had almost no involvement.

First of all, state-owned financial institutions are trustworthy, and secondly, they can ignore things like profits.

If the central government wants to buy something, I will give you the money first. As for whether you will give the money later, when and in what form, you are the central government and you have the final say. This is a political achievement.

After financial marketization, this signal was sent by the central bank to further support Chinese private financial institutions.

“Are the four major banks, Huijin, and Huitou willing?” Lei Hao thought for a moment and then asked immediately.

If the central bank is the emperor of China’s financial circle, then the state-owned financial institutions are the princes or sons. They have decided to stick to the circle of state-owned capital. Now the central bank wants to allocate some of what originally belonged to state-owned financial institutions to institutions like Thunderbolt. There is resistance. Definitely not small.

“So competition is needed.” Qin Yu said helplessly: “It would be good to be given a chance to compete.”

“Yes, it would be great to have the opportunity.” Lei Hao sighed and began to think.

There is no doubt that you may not make money if you win this business, but sometimes large institutions not only look at profits. If you have these businesses, you can support a group of people. Secondly, you will also get a channel, a direct channel to the central bank. , furthermore, your information sources are wider.

The actions of the central bank will always be revealed through these businesses. For private financial institutions like Thunder, the first reaction in this matter is not whether to make money, but how to retain the opportunity.

If you do it well, it may happen one after another in the future. If you don’t even have to do it, then don’t think about anything.