People in Hong Kong create super chaebols

Chapter 94 You now have 100 billion funds!
After finishing all this, it was already getting late, so Su Cheng asked the driver to take them back.

On the way, Su Cheng dropped the company's legal advisor near Tianyuan Company because he lived nearby.

When we returned to the Barker Road Villa, it was already past 7 o'clock in the evening, and the servants at home had already prepared meals.

Accompanied by Zhong Chuhong, Su Cheng had a warm dinner.

After eating and drinking, he returned to the room. Su Cheng asked Xiao Ai directly in his mind: "Xiao Ai, I have 5 million pounds and 50 billion Hong Kong dollars in my hands now. Is there any way to earn 5 million Hong Kong dollars in a few days? Let me The available funds directly reach HK$100 billion?"

"Master, after my analysis, you don't need to do anything, there are 100 billion funds available now!" Xiao Ai replied in his mind.

"Are you kidding?" Su Cheng was speechless.

When did Xiao Ai learn to joke?
How can you increase your capital by just sitting and doing nothing?

Didn’t little Elmo start to become mentally retarded during this time?

"Master, I'm not joking. Please listen to me first. The exchange rate of pound to Hong Kong dollar has been rising from 5 pound to 1 Hong Kong dollars since May. By the time you went to the UK in June, it had risen to 8.5 pound to 6. Hong Kong dollars, and by the end of this month, the exchange rate between pounds and Hong Kong dollars will exceed 1:9, which is why I told you not to do anything, because now you already have almost 1 billion Hong Kong dollars." Xiao Ai detailed explained.

At the same time, an exchange rate chart appeared in Su Cheng's head. This was a K-line chart of the exchange rate between the British pound and the Hong Kong dollar throughout the 70s.

From the chart, you can clearly see the exchange rate changes between the British pound and the Hong Kong dollar.

1978年1月，英镑与港元的汇率在1比8.4左右，之后一路跌到3月份的1比8.2，从4月份开始，英镑的走势一路高涨，短短的4个月时间，已经由1比8.2上涨到了1比10，之后的8月份到12月份，英镑与港元的汇率一直在10的上下徘徊。

This was not the highest peak yet. Starting from the beginning of 1979, the pound sterling rose strongly again. By July 1979, the exchange rate between the two would reach a terrifying 7:1.

No wonder Xiao Ai said that he already has 100 billion, which is based on this.

Speculating in foreign exchange seems to be a good idea.

Su Cheng's heart moved, and he immediately decided that it would be better to convert all the funds in his hands into pounds. If he held all the funds in Hong Kong dollars, wouldn't it be devaluing all the time?
It seems that it is imperative to establish a bank in the UK.

If nothing else, the payment transactions between Sioux City and crude oil producers will be conducted in August/September. During this period, the exchange rate between the pound and the Hong Kong dollar is basically stable at 8:9, so Xiao Ai is not wrong. He does have it. HK$1 billion.

However, now that the money is in place, it’s time to find a crude oil dealer.

Oil fields are generally controlled by the state, so rather than finding a crude oil dealer, it is better to choose a crude oil producing country.

But you have to think carefully about which country to talk to.

Sioux City began to analyze the current situation of oil-producing countries.

Among the top ten oil-producing countries this year, the United States and the Soviet Union ranked in the top two. They are definitely not considered. With the strength of these two countries, it is not a good thing to deal with their governments. Needless to say, we know that we cannot defeat them.

The remaining countries are Saudi Arabia, Maple Leaf Country, Iran, Algeria, Venezuela, Germany, the United Kingdom and France, ranking 3rd to 10th respectively.

It is particularly important to note that this ranking is the ranking of oil-producing countries this year, not the ranking of oil storage capacity. This is also the reason why Middle Eastern countries such as Iraq and Kuwait have large storage capacity but are not on the list.

Except for Saudi Arabia and Iran, to be honest, Sioux City doesn’t want to choose any other country because they are too far away.

Although Saudi Arabia is far away from Iran, at least it is the closest to Xiangjiang among these countries, and the speed of transporting crude oil can also be much faster.

Saudi Arabia and Iran are two countries that Saudi Arabia can consider.

As for Iran, there is no need to choose, because in three months, there will be internal fighting. If the crude oil has not been traded by then, it will be a loss.

In addition to Saudi Arabia, Kuwait, the United Arab Emirates and Iraq can also be considered.These four countries are all in one pile, so the distances are about the same.

However, I don’t know which of the four countries can provide greater preferential treatment?

For such a large deal, Sioux City will naturally not calculate it based on international oil prices.

Therefore, negotiation is particularly important.

It's best if they take the initiative to contact you.

Before that, what Sioux City wanted was to quietly release news to let these four countries know that it was going to purchase a batch of crude oil worth tens of billions of Hong Kong dollars.

Su Cheng believed that it was impossible for them not to be tempted by such a big deal.

In fact, it would be most appropriate to ask Governor MacLehose to spread the news, because these countries all have consulates or offices in Hong Kong. As Governor MacLehose, he can naturally easily spread the news to their countries. On leaders.

However, Su Cheng passed Mailihao directly. Although he wanted to maintain a good relationship with him, it did not mean that Su Cheng was willing to owe him a favor.

The request made by Jiayi TV was just a small condition in exchange for investing in an oil base, and it did not mean that Sioux City owed a favor to the governor.

So, who should I turn to to spread the news?
Su Cheng suddenly had an idea.

Isn’t the Charter King the best candidate?

With his current status as the number one shipping king in the world, his business can be said to be spread across four oceans and five continents, and there must be very close connections with the Middle East.

Moreover, after he contacted the leaders of the four countries, and then handed him the task of pulling crude oil, it could be regarded as mutual cooperation rather than a favor owed to him.

Global Shipping Group has quite a few oil tankers.

In the mid-1960s, Universal Shipping Group entered the tanker market and purchased a second-hand tanker with a BP charter attached.

In 1964, at the insistence of the charter king, Global Shipping Group acquired nine more oil tankers from the oil company.

In 1969, Global Shipping Group's first Very Large Crude Carrier (VLCC) was built and named "World Leader".

Between 1970 and 1974, Universal Shipping Lines purchased an additional 42 VLCCs.

It is conceivable how powerful the Global Shipping Group is in the tanker market today.

Working with him is the best choice.

Although the charter boat king is currently selling his own ships to reduce the number of ships he owns, Sioux City has no plans to buy them for the time being.

First of all, even if the ship chartering king sells it at a discount, the funds for the ship are still very expensive, and Su City cannot spare so much funds for the time being.

Moreover, in the next few years, the economy of the shipping industry will also be sluggish. Even if Sioux City buys a ship, it will not buy too many ships. If you buy too many ships, you will only lose money.

I haven’t seen the world’s number one shipping king continue to reduce his assets!
Moreover, this is also an indirect way of selling face to the charter king. After all, this is considered a big deal.

Thinking of this, Su Cheng decided to visit the Charter King the next day.

Compared with foreigners, Su Cheng is more willing to deal with charter kings who are also Chinese.

(End of this chapter)