In the evening, Fu Guangzheng drove over to pick up Feng Yu, and they returned to Fu Rongjing's mansion. Although it was called a mansion, it was not very big. It was a 2 storey villa, less than 300 square meters. There was a small greenhouse, a garage, but there was no swimming pool.
It was not even half the size of Song Laosi's villa. But in Hong Kong, where every inch of land was worth its weight in gold, anyone below the billionaire level could not afford to live here.
Upon entering, Feng Yu handed him a bottle of red wine. This was the common social etiquette of Hong Kong's upper class.
When Fu Rongjing heard that Feng Yu wanted to sell him some information, he felt that Feng Yu was useless. When he saw Feng Yu bringing red wine with him, he felt even more disdainful. Feng Yu was just like any other Hong Kong businessman's junior. He still needs to be respectful to him.
Without the Fu family, the profits from the humidifiers would be halved. Feng Yu would not dare to go against the Fu family!
"Xiao Feng, I heard from Guangzheng that you want to speculate in Forex and you have a piece of good news to sell to me?" Fu Rongjing was very arrogant.
"That's right, Uncle Jin. This news will let the Fu family make a fortune within 2 months. The profits will be at least 50%. 50% in 2 months. Do you think this news is valuable? "Feng Yu said confidently.
Fu Rongjing narrowed his eyes. 50% profits in 2 months? Could it be that Feng Yu had some information that a country's currency was going to rise or depreciate?
"You are talking about the appreciation of Yen?" Fu Rongjing felt that the most volatile currency in the market was Yen. But he also knew that Yen will continue to rise, and this news was worthless.
Feng Yu shook his head: "I had mentioned to your son about Yen. Although there will be profits, there might not be 50% profits in 2 months. There are still fluctuations, and you might not be able to make any profits. What I am talking about will increase greatly within 2 months! "
Fu Guangzheng suddenly remembered what Feng Yu told him in the afternoon. Feng Yu had exchanged a large sum of Rubles from the Soviet Union. Could it be that Rubles will appreciate?
Feng Yu continued: "Rubles, Rubles is going to rise! Since last year, the Soviet Union had announced that they will change from fixed exchange rates to dual exchange rates. Rubles had been fluctuating in the Forex market, and during this period, it had even fallen slightly. But I just came back from the Soviet Union, and I received a piece of important news. The Soviet government wants to increase the value of the Ruble to prevent inflation. In the Forex market, Ruble's exchange rate against USD had fallen to 0.8: 1. This is the lowest in the past two years. The Soviet Union Government is prepared to pull the exchange rate back to last year's rate of 0.6: 1, or even 0.5: 1. How much profit do you think there will be? "
Fu Rongjing took a puff from his pipe and started to think.
Feng Yu knew about the depreciation of Rubles as the Fu Family had businesses in Europe. But now, Feng Yu said that the Soviet Union wanted to increase the value of Rubles. It should not be difficult for the Soviet Union to do so. Ruble's value will recover as long as the dual exchange rate system is abolished.
Fu Rongjing suddenly remembered that his elder brother, Fu Rongqi, had been going to Europe recently. He said that he was doing investments. Could it be that he was investing in Rubles?
His elder brother likes to speculate on Forex, and every time he did so, he would make a lot of money. But he seldom brought the three of them along. Fu Rongjing had been complaining about his elder brother for a long time, but his elder brother was the head of the Fu Family. His assets were a few times more than the three of them combined.
Could it be that his elder brother was going to check on the Ruble market and was preparing to speculate on Rubles? That must be the case, and his elder brother did not bring the three of them along!
Humph! Grandpa Fu liked me the most in the past. If it wasn't for you being the eldest, how could you inherit the family's assets? If Grandpa Fu had passed most of his assets to me, the Fu Family would be Hong Kong's number one family now!
Didn't you always tell me that I am not suitable to be in the financial market, especially not the Forex market? This time, I will show you that I, Fu Rongjing, am not any worse than you in the Forex market!
"Xiao Feng, my family already knows about this. You should know that my elder brother likes to speculate on Forex. He has a team of a few dozen financial analysts. But since you are telling me about this out of goodwill, I should give you something in return. How about this? I will give you 1 million USD to buy this information. What do you think? "
Fu Rongjing was laughing in his heart. Feng Yu was still young. Since he had already told him about this, then it was not worth much.
Fu Guangzheng looked at his father in shock. Rubles prices were going to rise, and when did his father know about this? How come he did not know that Eldest Uncle was speculating on Rubles? Feng Yu wanted 100 million USD as dividends, and his father was only willing to give him 1 million USD. The difference was too big, and Feng Yu would not agree.
"Uncle Jin, instead of giving me 1 million USD, why don't you sell your Aiwa shares to me? I can pay you 5 million USD." Feng Yu expressed his thoughts.
Fu Guangzheng was thinking in his heart. Feng Yu still wanted Aiwa shares. This price was considered very high, but he did not know how his father would respond.
Fu Rongjing raised his eyebrows: "Ah, I had given that Aiwa shares to Guangzheng's elder brother. As a father, I cannot snatch my son's things. Guangzheng, accompany Xiao Feng around Hong Kong for the next few days. Xiao Feng is taking care of your business in China. "
Fu Rongjing was implying that the Fu family was taking care of Feng Yu's overseas businesses.
Feng Yu sneered. I had given you all a chance, but you don't know how to grasp it. Don't blame me if you get cheated!
"Forget it. Uncle Jin, since the Fu family already know about this, then why should I collect money from them? Aiya, I can smell the aroma of food. Is it time to eat? "
"Hahaha, fine. Let's eat first. We can talk about other things later." Fu Rongjing was satisfied with Feng Yu's "tactfulness".
After dinner, Fu Rongjing arranged for his driver to send Feng Yu back to the hotel. This time, even Fu Guangzheng was not allowed to send him back. This second brother of his does not know how to do business. Which is more important? Loyalty or making money? When you make enough money, the friends you lost will come back to you.
Fu Rongjing entered his study room and made a few calls to his broker. He asked about the current Rubles exchange rate and then asked if the Soviet Union's government will pull up the Rubles exchange rate.
That broker thought for a while and replied yes. A starving camel is still bigger than a horse. Even if the Soviet Union's economy was not doing well, it was still possible for them to control their currency exchange rate. Furthermore, the Soviet Union had exported a lot of gold this year, and gold prices were rising. The Soviet Union could still make a lot of money.
That poor broker only told Fu Rongjing that if the Soviet Union government pulled up the Rubles exchange rate, the Rubles exchange rate might rise. But he did not say that the Rubles exchange rate would definitely rise.
Fu Rongjing's greed had made him forget about the risks involved. He was satisfied with the broker's reply. Feng Yu was telling the truth. The Rubles exchange rate was going to rise. This time, Fu Rongjing wanted to play big. He will invest all his liquid funds and use futures as leverage to make a huge profit!
Feng Yu was a Chinese and did not know anything about Forex trading. He did not even know about leverage. 50% profits? There will be at least 500% profits and even 1000% profits!
It was time for me, Fu Rongjing, to make a lot of money!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
