Chapter 582: The ambition is simply too big
As soon as Fan Wumian used the 20 billion Hong Kong dollars he had obtained from an unsecured loan, President Wei of Bank of China (Hong Kong) came to him.
on the phone.
President Wei asked politely with a smiling tone:
"Mr. Fan, have you made any big moves recently?"
"My staff told me that the funds seemed to have been used and all went to the United States. Normally it would not matter, but this time the situation is a bit special. When I loaned the money to you, I mentioned that the money had to be invested in the mainland in order to enjoy the interest reduction benefits."
"So I want to understand the situation a little bit, in case you ask me about it, I won't be able to explain it to you clearly."
Probably because he was worried that he might sound like he was blaming his important client and that would make him uncomfortable, President Wei's voice sounded so amiable.
Fan Wumian replied:
"Don't worry, I won't make it difficult for you. This money will probably stay in the United States for a month or two, and then it will be transferred back soon."
"Didn't I submit an application last time to register to bid for the shares of Boshi Fund? Now due to some legal issues, the auction has been postponed to early February. During this period, I can't just let the funds lie in the account and lose a lot of interest every month. So I'm just making some temporary moves to try to make some money to make up for the losses."
"I have already reserved the funds for your fund and securities business, and I can transfer them to you at any time. Also, since you are looking for me, I want to ask if I can replace this unsecured loan with a loan with a regular interest rate if I continue to use the shares of Penguin Group as additional collateral?"
President Wei was a little embarrassed. After all, the commission for facilitating the transaction had already been deposited into his account, totaling more than 100 million RMB after tax.
Out of self-interest, Governor Wei said:
"The contract stipulates that early repayment is not possible until at least six months later. It's not impossible for me to help you, Mr. Fan, but I don't think it's necessary. If you need funds elsewhere, you can just use the shares of Penguin Group as collateral for the loan. This unsecured loan is an additional cash flow. Business has been so good recently, so it's always a good idea to have some money on hand. If you want an unsecured loan in the future, the interest rate will probably be more than 10%."
Fan Wumian has been borrowing money crazily, using money from banks to make money for himself, thereby shortening the original accumulation period of capital.
He felt that Governor Wei's words made some sense, and added:
"I just want to understand it clearly. I don't have any plans in this regard for now. I need you to put me in touch with the loan. It will take one month at the fastest and two to three months at the slowest. As long as the money is still there, I will definitely invest it in the mainland."
“Okay, okay.”
After President Wei finished speaking, he came to his senses and asked:
"Wait, Mr. Fan, when you said 'as long as the money is still there', could you please tell me what exactly you meant by that?"
Fan Wumian replied:
"It's not inconvenient. The long position has been established. I just bought $1.5 million of call options last night. I am optimistic about the short-term stock price trend of Apple. Oh, no, this $1.5 million is the margin. The 10x leverage leverages the long position with a total value of $15 billion."
"."
President Wei was silent for a few seconds, not knowing what to say. Finally, he understood why Fan Wumian suddenly mentioned pledging Penguin shares.
Others may see opportunities, but for risk control reasons, Governor Wei only notices the huge dangers involved.
Fortunately, Fan Wumian was very rich, and this unsecured loan was used to speculate in stock options. Although there were certain risks, it was not to the extent that President Wei would consider withdrawing the loan. In the end, he just smiled awkwardly and said to Fan Wumian:
"Mr. Fan is really bold. Has Apple made any unusual moves recently? Why are you so optimistic about it that you are willing to leverage and build such a large long position?"
Fan Wumian said calmly:
"Nothing, just that they are going to hold a press conference soon. I am very interested in a new product they developed. It is not an exaggeration to say that it is epoch-making. If Wei Xing has some spare money, I suggest buying a little bit and holding it for a few more years. When you make money, you can treat me to a meal."
"Oh? Mr. Fan, can you please give me some advice? I don't know much about this company. Is it going to release a new computer?"
"Hehe, it's hard to describe their computers, but what they're going to release this time is a mobile phone." Fan Wumian built a long position, and it would be good for him if the news leaked out, so he had no intention of hiding it.
On the other end of the phone.
President Wei instantly became alert. He knew very well that after climbing to a certain height, he would be able to access a wide range of information and would often be able to be a few steps ahead of others and discover some money-making business opportunities.
Relying on the various gossips they come across on a daily basis, President Wei's family also made a lot of money by speculating in stocks.
Due to the close cooperation with the bank and frequent contacts on weekdays, Fan Wumian does not mind doing a favor. For example, even if he can only get a 0.1% or 0.2% discount on the loan interest rate, the total loan amount is so large that it can help him save a lot of money.
From another perspective, once the news gets out, the more people invest in Apple stocks, the easier it will be for the company to increase its growth. In order to reduce risks and increase the chances of winning, Fan Wumian does not intend to hide it this time.
After building his position last night, he contacted Ji Qiao, who is in charge of the public relations department, and asked him to quietly spread the rumor that he was long on Apple shares with a total amount of up to US$15 billion.
In addition to Asia, Fan Wumian is also very influential in the United States. When the time comes, he can ask Britney Spears, who is busy spending money everywhere, to help promote it. By cooperating with the two hedge funds at the same time, at least he can avoid being cheated by the short sellers.
The more investors who are optimistic about Apple stocks, the higher the short-selling risk. As long as these troublemakers don't get involved, Fan Wumian feels that the probability of Apple stocks falling by more than seven or eight points in the short term is not high. In this way, his long positions will be safer.
He is not yet able to influence the overall environment like Buffett, Soros, and the Chairman of the Federal Reserve, but it is not difficult for Fan Wumian to improve the investment environment on a small scale.
As a celebrity, creating hot topics through influence is what he is good at. As long as he can attract more investors in the near future to support the stock price until Apple successfully holds the press conference, his long positions will most likely be quite safe.
A mobile phone with novel functions that can be said to be epoch-making has been launched. If this can cause the stock price to plummet, then even if Fan Wumian loses, he will accept the defeat with conviction.
After understanding the situation, Governor Wei continued to say:
"Okay, that's it for now. I'll let you know about the funding, so it shouldn't be a big problem. I'd like to wish Mr. Fan a successful start and great success. There's one more thing. Our bank is planning to hold a forum soon, and we'd like to invite you to give a speech on January 1th. Are you free then?"
Fan Wumian decisively declined:
"Forget it. I'm too young and I won't look prestigious. If it gets out, people will point fingers at me. I'll wait until I'm worth hundreds of billions before going to these events. It's too early now."
Governor Wei originally wanted to ask, "Don't you already have tens of billions of assets?"
It was only later that he realized that Fan Wumian was referring to "hundreds of billions of dollars". This made him secretly sigh with emotion, and at the same time he felt that Fan Wumian's journey had been too smooth and his ambition was simply too big.
For example, this time he leveraged to build a long position of 15 billion US dollars. Governor Wei began to wonder if he would suddenly fall flat on his face one day. After all, his appetite was obviously growing.
It stands to reason that as the number of investments increases, the probability of making a mistake will indeed increase.
But Fan Wumian is not an ordinary person. It may not be so easy for the outside world to laugh at him.
I went online to check the latest news about Apple and, by the way, supported Liu Yifei by posting a Penguin Weibo post to support her.
Followed by.
Fan Wumian called Liu Yifei and asked her to meet at the Sapphire Blue Music Studio later. He wanted to try to record "The Love Drama of White Dove and Crow" first and put it on Penguin Music to attract traffic to the platform and warm up the new album in advance.
As for Fan Wumian's own album, it was quietly released before Christmas. New songs such as "Blowing Dreams to Xizhou" and "The Other Side of Wangchuan" were extremely popular. The total number of ringtone downloads for the entire album exceeded 10 million in just one week, which helped him earn nearly tens of millions of RMB.
I was a little disgusted by DreamNet's continuous profit squeezing, but then I thought about how these official enterprises are also competing for profits for the people, reallocating the wealth in society, and trying to prevent money from being concentrated in the hands of a few people, and ultimately avoiding a wealth distribution model similar to that of the United States.
Thinking about it this way, Fan Wumian was not so resistant. It was already quite good to get 30% of the ringback tone revenue. (End of this chapter)