Chapter 422 Asia’s rising water
At this time Lu Hui came over.
“Mr. Xu, dinner is ready.”
Xu Liang nodded, “John, dinner is ready, let’s chat while we eat?”
"I happen to be hungry too."
John Humphrey stood up with a smile.
"Please."
"Please."
After dinner, the two chatted for a while before John Humphrey said goodbye and left.
Looking at the car silhouette in the distance, Xu Liang’s eyes became profound.
He returned to the study and took out his cell phone to call Xia Changsheng.
“Mr. Xu.”
“How much has been sold for the long oil contract in Singapore?”
“I have bought 1 billion US dollars, 10 times leverage, and hold There are 380,000 long positions in crude oil, and the holding price is 26.3 US dollars per barrel. As of now, the average price per barrel has increased by 0.4 US dollars before our investment," Xia Changsheng reported.
What needs to be mentioned is.
In the world of oil trading, there is a term called ‘Asian contango’.
According to statistics, from 1993 to 2001, the price of Saudi light crude oil sold to Northeast Asia was on average US$1.01 higher per barrel than the price sold to Europe. Compared with the price sold to the US market, The gap is wider, sometimes reaching more than $3.
There have even been cases where it is cheaper to buy oil directly from Saudi Arabia and transport it back to China than to transport it from Saudi Arabia to the United States and then transfer it from the United States to China. This phenomenon is known internationally as "Asian premium."
The reason why this situation occurs is mainly because the power of oil pricing is in the hands of the West.
There are two international benchmark crude oils: one is WTI, traded on the New York Mercantile Exchange in the United States; the other is Brent, traded on the International Petroleum Exchange in London.
Since there is currently no successful crude oil futures market in Asia, several local benchmark oils in Asia are ultimately determined by WTI and Brent prices, which cannot fully reflect the true market supply and demand in Northeast Asia.
As a result, the price of crude oil sold in the Middle East to Northeast Asia is generally high, and China, as a major energy importer, has also suffered greatly from this.
Listening to Xia Changsheng’s report, Xu Liangliang made silent calculations.
This time Hongyan Fund invested US$3.46 billion in oil futures.
Yahoo! Japan’s equity is mortgaged for US$2 billion.
The New Dream Real Estate project transaction received US$260 million, and the New Dream Education Group received a mortgage loan of US$1.2 billion.
Two bets have been made now.
The first US$1 billion was invested at the end of October last year.
The second transaction was in early January this year.
As of now, Red Rock Fund has US$1.46 billion left to invest in oil bulls.
In addition to the US$1.3 billion already invested by Kunpeng Fund, there is still US$1.5 billion left.
Together, Xu Liang still has US$3 billion in capital.
“I wonder how much Larry Ellison has prepared?” Xu Liang said.
“Don’t invest for now, let’s see which way the wind blows.”
“Understood.”
"By the way, is there any news from the commercial investigation company we are cooperating with?" Xu Liang asked.
“The other party reported back that the security around Larry Ellison was very tight. They followed him several times but were never able to find his party place in New York.
But they said Recently, Larry Ellison was in contact with the bank to seek a huge loan."
Xu Liang was shocked, "How much is the specific amount?"
"It's unclear at the moment. But there are many big banks participating, and it is definitely more than 5 billion US dollars. Moreover, Goldman Sachs came forward to help organize it.”
"It's Goldman Sachs again." A cold look flashed in Xu Liang's eyes.
"Mr. Xu, Larry Ellison has spent a lot of money, should we prepare some more funds?"
Xu Liang thought about it, he can now get a loan The best ones are Jianlibao and Hongmeng.
Hongmeng is his core and must not be involved.
As for Hongyan Fund’s equity and real estate, they basically use leverage.
If you want loans and financing, you need to pledge repeatedly, and if the leverage is too high, the interest rate will be higher, which is not cost-effective.
“You contact Standard Chartered and use Jianlibao’s equity as collateral to make a loan.”
“Okay.”
With Jianlibao’s current revenue and Net profit, a loan of US$2 billion is not difficult.
This is almost his last ammunition.
He didn't know if the money would match what Larry Ellison raised, but in addition to the actual money, he also had money he made from rising gas prices during his early entry.
If you include this money, the capital in his hands has exceeded tens of billions.
However, Xu Liang is the biggest guarantee for going long in oil this time.
It’s not how much money it is at all.
But it is the Chou Country that is already holding a gun and preparing to ravage Sa~Dam.
"Ellison, my enemy is only you, but your enemy is not just me." Xu Liang said.
Those who want to raise oil prices include the Federal Reserve, military industry giants and oil giants. Compared with these forces, Ellison is not enough.
——
“Brother, is this where you live in England?”
Xu Meng looked at the magnificent and gorgeous buildings in the distance and the lush lawns around them, His eyes widened involuntarily.
"Yeah."
Xu Liang smiled and nodded.
The Chinese New Year is coming soon.
After confirming that he would not go home, his parents also flew over from China with Xu Meng.
“It’s too big.” Xu Meng exclaimed. Xu Yongpei and Wang Lingxiang also looked at everything outside in shock.
The manor in front of them is larger than their village.
"Liangzi, this place is too big. It's such a waste for our family of four to live in such a big place." Xu's father couldn't help but said.
"This manor was rented by the company for its annual meeting. I happened to be busy with work here in the UK, so I rented it for a longer time."
After the car stopped, Xu Liang opened the door and got out.
"Mom and Dad, come down, we are here."
After Xu's father and others walked down, the manor housekeeper who had been waiting aside came over with his servants.
"Mr. Xu."
"Ke Rui, these are my family members. Please help arrange their rooms."
"Okay."
After nodding in greeting to Father Xu, Corey Phillips waved to the servant to carry the luggage inside.
"Mom and Dad, come in."
Xu Yongpei and Wang Lingxiang followed their son into the villa in a daze.
Now they are like Grandma Liu entering the Grand View Garden, their minds are confused.
After entering through the grand door that is three meters high and two meters wide, you are greeted by a room that is five meters high and more than 300 square meters, dotted with giant crystal lamps in the middle.
"Wow, brother, it's so big here! It's bigger than what you see in some Western movies." Xu Meng exclaimed.
"This is where the owner of the manor holds banquets and dances. It is also the largest room in the entire manor. Let's go and take you to the second floor to settle down first."
As he said that, he took The family walked through the hall and up the Turkish-rug-covered stairs to the second floor.
After settling in his parents and sister, he took them around the entire manor before settling down.
"Liangzi, this place is too big. Mr. Fang is too small to live in a home, so let's find a smaller place to live?" Wang Lingxiang asked worriedly.
"Mom, don't worry. Although this manor is large, there are many people living there. There are forty or fifty servants, gardeners, and bodyguards responsible for building it, which is not as few as you think." Xu Liang said with a smile.
“So many? Why didn’t I see this second floor?”
“The second floor is where we live, and they mainly live on the first floor.”
“Let Just stay there and don't worry about it all day long," Father Xu couldn't help but lectured.
“This is my son. If I don’t worry about it, who will? I expect you, a lazy guy like you who won’t even lift the soy sauce bottle when it’s crooked?”
"How come I'm a lazy guy? Don't I do all the work at home?" Xu's father said in dissatisfaction.
"Forget it. If you were responsible for the work at home, grass would have grown all over the fields long ago."
Xu Liang saw this and quickly interrupted their bickering.
"Dad, Mom, I haven't had time to prepare New Year's goods here. The New Year is coming soon. Can I ask Gangzi to take you to Chinatown in London to buy some?"
The two of them ordered. After nodding, Wang Lingxiang continued: "Liangzi, if you don't go back to celebrate the New Year now, Gangzi is here too. It would be too deserted to leave Uncle Huo alone at home to celebrate the New Year."
"Mom, don't worry. I've arranged for someone to pick you up. You'll definitely be able to come before New Year's Eve. After the New Year, when you've had enough of living here, you can go back together."
"That's good." ”
After chatting for a long time, Xu Liang returned to his study after dinner.
The next day.
Lu Hui came over.
"Mr. Xu, I just received a call from Mr. John Humphrey, inviting you to attend a charity gala at Apartment 1290, Hyde Park at six o'clock tonight."
"Charity gala?"
"Yes. Mr. Humphrey said that the organizer of this party is the sixth Duke of Westminster: Gerald Cavendish Grosvenor."
Xu Liang Clearly.
During his stay in the UK, he gradually learned about some of the conditions in the British business community.
The famous Grosvenor family is even more famous.
China often says that wealth cannot last more than three generations, but it has completely lost its effectiveness in the Grosvenor family.
Since being awarded the title of Duke of Westminster by Queen Victoria in 1874 and becoming the top nobleman under the royal family, the Grosvenor family has been wealthy for 129 years.
Since being named Baron Eton in 1622 and officially entering the ranks of hereditary nobles, the Grosvenor family has been wealthy for 380 years.
Since Gilbert La Grosvenor came to England with William the Conqueror, he received the entire Cheshire as a reward for his "service from the dragon". Until now, he has become rich for nearly 10 years. millennium.
At its peak, the Grosvenor family held more than half of the land in London and 0.22% of the land in the UK, totaling 133,100 acres, about 500 million square meters, seven times that of the Queen. Even the land under Buckingham Palace was Belonging to the Grosvenor family, it is also known as "The Queen's Landlord".
Even now, Gerald Cavendish Grosvenor is still the richest landowner in Britain, and as the London real estate market appreciates, his wealth has also increased.
Through his privately owned Grosvenor Group, the duke owns real estate properties on five continents.
Not only does it own 190 acres in London's most expensive residential area, Belgravia, the family also owns 96,000 acres in Scotland.
Owns 32,000 acres in Spain and thousands more elsewhere in England.
The famous Eton Manor is their ancestral property.
In addition to being rich, the Grosvenor family also has an excellent relationship with the British royal family.
The famous Queen Victoria once served as the godmother to the children of the Grosvenor family, and the mother of the next generation of the family, Hugh Grosvenor, was the godmother of Prince William.
In Britain, the Grosvenor family has the highest power and wealth.
Xu Liang had no intention of changing his original promise to John Humphrey to attend the banquet.
"Has the invitation letter been sent?"
"Mr. Humphrey said that his secretary will send the invitation letter around ten o'clock."
Xu Liang nodded, " Help me prepare a suitable suit."
"Okay."
(End of this chapter)