Although he had a plan, Zhang Yiming did not go to Hunan immediately. After all, he still had a lot of company matters to deal with.
CL and Guangdong Home Textiles have both been on the right track, and Zhang Yiming doesn’t need to worry too much about daily affairs. Zhang Yiming mainly helps Yao Jing plan Lejing’s expansion and aids in the construction of 1,000 Hope Primary Schools.
Regarding the aid to build Hope Primary School, Yao Jing and the China Youth Development Foundation had a smooth communication in the early stage. Some people were willing to pay for such a big action, and the Youth Foundation was very willing to cooperate.
Zhang Yiming is preparing to hold a press conference to officially announce the establishment of the Taoli Hope Fund, and launch an action to assist in the construction of 1,000 Hope Primary Schools, and then plan a series of publicity offensives.
Through this momentum, Zhang Yiming's purpose was to promote the corporate popularity of Taoli Company and Lejing chain stores, and then take advantage of the opportunity to arrange the implementation of Lejing chain stores to recruit talents, find good helpers for Yao Jing, and ultimately establish an excellent management team.
Although there is a potential threat from Hong Sanbao, preventing and dealing with Hong Sanbao is important, it may not be the most important, nor is it the only thing.
Zhang Yiming always believes that making money is the first priority. If he delays his career development for Hong Sanbao due to choking, Zhang Yiming thinks that he is not only a coward, but also a fool.
The former Soviet Union was dragged down by the United States with a so-called Star Wars plan, and it still leaves a laughing stock in international political history. How could Zhang Yiming let Hong Sanbao use the vague news of revenge to curb his grand plan to establish an empire of wealth?
Moreover, earning huge amounts of wealth itself is the best way to enhance one's own strength. If there is no support for wealth, then no matter how good the defense is, it is empty talk. Even if Hong Sanbao doesn't take action immediately, isn't a pauper Zhang Yiming an ant that can be killed at any time for Hong Sanbao?
In this world, how powerful can the world without wealth support be?
Huanhuan said that Hong Sanbao is currently anxious to do a few big business orders instead of revengeing Zhang Yiming, which shows that Hong Sanbao also believes that money is more important than just a temporary aura?
Didn’t Fang Zhenghui, Hu Bingsong and Zhang Yiming join forces to see the help Zhang Yiming can provide in making money?
When it comes to strength in the world, how can Fang and Hu cooperate with Zhang Yiming?
2Amidst the stressful work, a week passed quickly. By Friday, Zhang Yiming's attention was dragged by the copper futures market.
This day was the last trading day for the batch of copper futures contracts of the National Reserve Bureau. The final countermeasures of the National Reserve Bureau were revealed on this day: the National Reserve Bureau had no plans to deliver in physical form at all. A total of nearly 500,000 tons of copper short positions were closed in the market, and the remaining three-quarters were extended, half was converted into contracts that expired in three months, and the other half was converted into contracts that expired in one year and three months.
Zhang Yiming doesn't need to pay attention to the various disturbances in the copper futures market now. Ji Feng has long become his voluntary assistant, staring at the market and various formal and informal news every day, and calling at least N times a day.
As soon as the news from the National Reserve Bureau came out, Ji Feng was shocked and immediately ran to Lejing, determined to ask Zhang Yiming for advice in person.
I told you to be right again, they did not have physical delivery, but they used the exhibition.
Ji Feng looked puzzled, but is this trick useful?In particular, half of them were extended for three months.Also, brother, how did you judge that they would not be able to deliver in person at that time?Isn’t there any news that they are sending containers to Singapore?
Zhang Yiming smiled faintly and said: It is not difficult to judge that they will not be able to deliver in physical goods. The reason is very simple. Judging from the comprehensive analysis of various data, in the context of the world's manufacturing industry shifting to China and the rapid development of China's economy, copper, as one of the most important and commonly used metal materials in the industry, has grown rapidly in my country's consumption in recent years, so the copper reserves of the National Reserve Bureau are definitely limited.
Even the delivery of 500,000 tons cannot be completed?
Ji Feng didn't believe it a little.
Zhang Yiming shook his head. It’s not that the National Reserve Bureau does not even have 500,000 tons of copper, but you have to know what the National Reserve Bureau does?Their responsibility is to maintain a certain amount of strategic copper reserves. How can they use the country's strategic copper for delivery because of investment mistakes in the futures market?What the National Reserve Bureau can use for delivery can only be the excess reserve part outside the strategic reserve.The problem is that on the one hand, the increase in copper consumption in recent years has caused no increase in the total reserve. On the contrary, with the increase in consumption, the strategic reserves we must maintain must be adjusted accordingly in order to adapt to the new situation.In this case, how much spot they can have for delivery?
Ji Feng nodded, understood and recognized Zhang Yiming's analysis, but he asked suspiciously: What you are saying is right, but this is just a qualitative analysis starting from the macro perspective.Do you have accurate data?I think you seemed very sure at that time.
Zhang Yiming laughed, "I don't have accurate data, the National Reserve Bureau has always kept its reserves strictly confidential."My analysis just now can draw a basic judgment.This judgment can be verified by combining some other information.The National Reserve Bureau should not have sold 50,000 tons of copper more than a month ago to stabilize the market price.Purely from the psychological analysis of the game, they can judge their guilt. If they really have the ability to deliver things in real life, they don’t need to do this extravagant move.Since they did not have enough reserves for physical delivery more than a month ago, it was impossible that after just one month, the reserves suddenly soared.So, the rumors you got later that they were going to transport copper to Singapore were just bluffing.
When Zhang Yiming said this, he couldn't help but sigh: However, this next move is much more clever compared to the previous auction of 50,000 tons of copper.
3
How to say it?
Ji Feng asked hurriedly.
The previous time, I spent 50,000 tons of real copper, which not only failed to reduce the copper price, but instead made the copper price rise faster.This time, a little bit of mystery was released and the copper price fell a lot, which reduced the quarter contract that closed this time.
Then what do you think will these contracts for extension be like?We will go long or short now?
Ji Feng had already connected himself and Zhang Yiming without realizing it, and his words belonged to us.
Zhang Yiming shook his head and said: I don’t know.As for the price of copper futures, if we make another move, I don’t know whether the copper price ratio will be high or low in three months, and I don’t know what the situation will be in one year and three months later.This is also the purpose of the National Reserve Bureau's extension. They exchange time for space, hoping that the price will fall to reduce losses.
Then how do you think we should do it?Did you keep staring at me?Or do you go in and have a gamble regardless of long or short?
Zhang Yiming shook his head slowly and said: Gambling is not possible. I have never seen anyone who wins money by gambling.But fat man, you might as well open up your mind. All financial markets are actually connected, which refers to similar markets in different places, such as London Copper City and Shanghai Copper City...
Before Zhang Yiming finished speaking, Ji Feng had already interrupted, I understand this.The National Reserve Bureau was actually sniped on London copper, but when the copper price on the London Metal Exchange is pushed up, the copper price in Shanghai will definitely rise simultaneously, so we can make money by long domestic copper contracts on the Shanghai Futures Exchange.
After Ji Feng finished speaking, he looked at Zhang Yiming happily. He felt a sense of accomplishment when he was able to have a professional conversation with Zhang Yiming.
Zhang Yiming smiled, nodded and continued: That's right.If the price of London copper rises but the price of Shanghai remains still or even falls, then when the price difference between the two places is enough to make up for the costs of transportation, transaction fees, etc., investors can buy in Shanghai and sell in London to earn the difference. This is what is often called arbitrage.However, in addition to this kind of market linkage, there is also a linkage between different types of markets, such as the stock market and the futures market, but the relationship between this linkage is more complicated.
Only then did Ji Feng realize that Zhang Yiming had some more words, so he quickly listened quietly.
4 The National Reserve Bureau extended the contract this time, hoping that the copper price will fall by then.Why do they think that the copper price may drop after the extension?Because a large part of these funds that push up copper prices internationally are borrowed through high-cost loans, and this part of the funds cannot last for too long.I don’t know how high the cost of such a capital is, and I don’t think the National Reserve Bureau does not know, so they want to try it.If the cost of such funds is very high, then they may not be able to hold on for three months. Once they leave, the copper price will always fall a part of it. As for how much it can be lost, it depends on how much of the funds they are in.If their costs aren't too high, then maybe they can drag it out a little longer and even continue to push up copper prices within three months.As for the rise and fall of copper prices one year and three months later, the rise and fall of copper prices will not only be affected by these two long and short forces, but also by changes in copper production and consumption in the real world, so the copper prices were even more unpredictable at that time.
Ji Feng's eyes couldn't help but feel a little confused. Didn't Zhang Yiming's words mean that he didn't say anything?He could not expect the price of copper in the future, which he had just admitted.
Although the impact of the contract extension of the National Reserve Bureau on copper prices is unpredictable, I think its other impact can be basically affirmed.As the National Reserve Bureau was sniped in the copper futures market, the copper prices in the world spot market, including my country's spot market, have also risen a lot.Originally, if the National Reserve Bureau had closed all positions this time, although the National Reserve Bureau itself would lose the opportunity to reduce losses, it would at least make the copper price in the international spot market no longer affected by distorted futures prices, and thus return to its track determined by supply and demand.However, in this period of the National Reserve Bureau, in any case, the copper price distortion and overvalued in the futures market will more or less certainly exist, and this distortion will definitely be transmitted to the spot market. The result is that as a large copper consumption country, my country's end consumers will pay an extra billion or even tens of billions of dollars in purchasing copper raw materials.
Speaking of this, Zhang Yiming paused unconsciously and sighed softly.Ji Feng also sighed and said: It seems that the National Reserve Bureau’s extension is to sacrifice the big one for the sake of the individual, which is too unauthoritable.
After saying that, Ji Feng sighed again seriously.
Zhang Yiming smiled, Fatty, I said this is not something you want to worry about the country and the people.
How do you say this?
Ji Feng gave a Peking Opera accent.
Where did the tens of billions of dollars spent on purchasing copper raw materials in our country?The answer is that it was earned by our copper production enterprises.This increase in copper prices in the futures began in the fourth quarter. Due to the lag effect, the corresponding copper prices in the spot market rose even later.Therefore, for copper manufacturers, rising copper prices have no longer had a big impact on their performance this year.Most of the additional income of tens of billions of dollars just now will be generated next year, so it can be expected that the performance of my country's copper production companies will have a significant increase next year.
Speaking of this, Zhang Yiming looked at Ji Feng with a smile and said: So, as an investor with comprehensive thinking, forward-looking vision and keen sense of smell, our decision is
Buy the stock of the copper company!
Ji Feng shouted out like the children in Colgate's advertisement, saying that there were no tooth decay.
CL and Guangdong Home Textiles have both been on the right track, and Zhang Yiming doesn’t need to worry too much about daily affairs. Zhang Yiming mainly helps Yao Jing plan Lejing’s expansion and aids in the construction of 1,000 Hope Primary Schools.
Regarding the aid to build Hope Primary School, Yao Jing and the China Youth Development Foundation had a smooth communication in the early stage. Some people were willing to pay for such a big action, and the Youth Foundation was very willing to cooperate.
Zhang Yiming is preparing to hold a press conference to officially announce the establishment of the Taoli Hope Fund, and launch an action to assist in the construction of 1,000 Hope Primary Schools, and then plan a series of publicity offensives.
Through this momentum, Zhang Yiming's purpose was to promote the corporate popularity of Taoli Company and Lejing chain stores, and then take advantage of the opportunity to arrange the implementation of Lejing chain stores to recruit talents, find good helpers for Yao Jing, and ultimately establish an excellent management team.
Although there is a potential threat from Hong Sanbao, preventing and dealing with Hong Sanbao is important, it may not be the most important, nor is it the only thing.
Zhang Yiming always believes that making money is the first priority. If he delays his career development for Hong Sanbao due to choking, Zhang Yiming thinks that he is not only a coward, but also a fool.
The former Soviet Union was dragged down by the United States with a so-called Star Wars plan, and it still leaves a laughing stock in international political history. How could Zhang Yiming let Hong Sanbao use the vague news of revenge to curb his grand plan to establish an empire of wealth?
Moreover, earning huge amounts of wealth itself is the best way to enhance one's own strength. If there is no support for wealth, then no matter how good the defense is, it is empty talk. Even if Hong Sanbao doesn't take action immediately, isn't a pauper Zhang Yiming an ant that can be killed at any time for Hong Sanbao?
In this world, how powerful can the world without wealth support be?
Huanhuan said that Hong Sanbao is currently anxious to do a few big business orders instead of revengeing Zhang Yiming, which shows that Hong Sanbao also believes that money is more important than just a temporary aura?
Didn’t Fang Zhenghui, Hu Bingsong and Zhang Yiming join forces to see the help Zhang Yiming can provide in making money?
When it comes to strength in the world, how can Fang and Hu cooperate with Zhang Yiming?
2Amidst the stressful work, a week passed quickly. By Friday, Zhang Yiming's attention was dragged by the copper futures market.
This day was the last trading day for the batch of copper futures contracts of the National Reserve Bureau. The final countermeasures of the National Reserve Bureau were revealed on this day: the National Reserve Bureau had no plans to deliver in physical form at all. A total of nearly 500,000 tons of copper short positions were closed in the market, and the remaining three-quarters were extended, half was converted into contracts that expired in three months, and the other half was converted into contracts that expired in one year and three months.
Zhang Yiming doesn't need to pay attention to the various disturbances in the copper futures market now. Ji Feng has long become his voluntary assistant, staring at the market and various formal and informal news every day, and calling at least N times a day.
As soon as the news from the National Reserve Bureau came out, Ji Feng was shocked and immediately ran to Lejing, determined to ask Zhang Yiming for advice in person.
I told you to be right again, they did not have physical delivery, but they used the exhibition.
Ji Feng looked puzzled, but is this trick useful?In particular, half of them were extended for three months.Also, brother, how did you judge that they would not be able to deliver in person at that time?Isn’t there any news that they are sending containers to Singapore?
Zhang Yiming smiled faintly and said: It is not difficult to judge that they will not be able to deliver in physical goods. The reason is very simple. Judging from the comprehensive analysis of various data, in the context of the world's manufacturing industry shifting to China and the rapid development of China's economy, copper, as one of the most important and commonly used metal materials in the industry, has grown rapidly in my country's consumption in recent years, so the copper reserves of the National Reserve Bureau are definitely limited.
Even the delivery of 500,000 tons cannot be completed?
Ji Feng didn't believe it a little.
Zhang Yiming shook his head. It’s not that the National Reserve Bureau does not even have 500,000 tons of copper, but you have to know what the National Reserve Bureau does?Their responsibility is to maintain a certain amount of strategic copper reserves. How can they use the country's strategic copper for delivery because of investment mistakes in the futures market?What the National Reserve Bureau can use for delivery can only be the excess reserve part outside the strategic reserve.The problem is that on the one hand, the increase in copper consumption in recent years has caused no increase in the total reserve. On the contrary, with the increase in consumption, the strategic reserves we must maintain must be adjusted accordingly in order to adapt to the new situation.In this case, how much spot they can have for delivery?
Ji Feng nodded, understood and recognized Zhang Yiming's analysis, but he asked suspiciously: What you are saying is right, but this is just a qualitative analysis starting from the macro perspective.Do you have accurate data?I think you seemed very sure at that time.
Zhang Yiming laughed, "I don't have accurate data, the National Reserve Bureau has always kept its reserves strictly confidential."My analysis just now can draw a basic judgment.This judgment can be verified by combining some other information.The National Reserve Bureau should not have sold 50,000 tons of copper more than a month ago to stabilize the market price.Purely from the psychological analysis of the game, they can judge their guilt. If they really have the ability to deliver things in real life, they don’t need to do this extravagant move.Since they did not have enough reserves for physical delivery more than a month ago, it was impossible that after just one month, the reserves suddenly soared.So, the rumors you got later that they were going to transport copper to Singapore were just bluffing.
When Zhang Yiming said this, he couldn't help but sigh: However, this next move is much more clever compared to the previous auction of 50,000 tons of copper.
3
How to say it?
Ji Feng asked hurriedly.
The previous time, I spent 50,000 tons of real copper, which not only failed to reduce the copper price, but instead made the copper price rise faster.This time, a little bit of mystery was released and the copper price fell a lot, which reduced the quarter contract that closed this time.
Then what do you think will these contracts for extension be like?We will go long or short now?
Ji Feng had already connected himself and Zhang Yiming without realizing it, and his words belonged to us.
Zhang Yiming shook his head and said: I don’t know.As for the price of copper futures, if we make another move, I don’t know whether the copper price ratio will be high or low in three months, and I don’t know what the situation will be in one year and three months later.This is also the purpose of the National Reserve Bureau's extension. They exchange time for space, hoping that the price will fall to reduce losses.
Then how do you think we should do it?Did you keep staring at me?Or do you go in and have a gamble regardless of long or short?
Zhang Yiming shook his head slowly and said: Gambling is not possible. I have never seen anyone who wins money by gambling.But fat man, you might as well open up your mind. All financial markets are actually connected, which refers to similar markets in different places, such as London Copper City and Shanghai Copper City...
Before Zhang Yiming finished speaking, Ji Feng had already interrupted, I understand this.The National Reserve Bureau was actually sniped on London copper, but when the copper price on the London Metal Exchange is pushed up, the copper price in Shanghai will definitely rise simultaneously, so we can make money by long domestic copper contracts on the Shanghai Futures Exchange.
After Ji Feng finished speaking, he looked at Zhang Yiming happily. He felt a sense of accomplishment when he was able to have a professional conversation with Zhang Yiming.
Zhang Yiming smiled, nodded and continued: That's right.If the price of London copper rises but the price of Shanghai remains still or even falls, then when the price difference between the two places is enough to make up for the costs of transportation, transaction fees, etc., investors can buy in Shanghai and sell in London to earn the difference. This is what is often called arbitrage.However, in addition to this kind of market linkage, there is also a linkage between different types of markets, such as the stock market and the futures market, but the relationship between this linkage is more complicated.
Only then did Ji Feng realize that Zhang Yiming had some more words, so he quickly listened quietly.
4 The National Reserve Bureau extended the contract this time, hoping that the copper price will fall by then.Why do they think that the copper price may drop after the extension?Because a large part of these funds that push up copper prices internationally are borrowed through high-cost loans, and this part of the funds cannot last for too long.I don’t know how high the cost of such a capital is, and I don’t think the National Reserve Bureau does not know, so they want to try it.If the cost of such funds is very high, then they may not be able to hold on for three months. Once they leave, the copper price will always fall a part of it. As for how much it can be lost, it depends on how much of the funds they are in.If their costs aren't too high, then maybe they can drag it out a little longer and even continue to push up copper prices within three months.As for the rise and fall of copper prices one year and three months later, the rise and fall of copper prices will not only be affected by these two long and short forces, but also by changes in copper production and consumption in the real world, so the copper prices were even more unpredictable at that time.
Ji Feng's eyes couldn't help but feel a little confused. Didn't Zhang Yiming's words mean that he didn't say anything?He could not expect the price of copper in the future, which he had just admitted.
Although the impact of the contract extension of the National Reserve Bureau on copper prices is unpredictable, I think its other impact can be basically affirmed.As the National Reserve Bureau was sniped in the copper futures market, the copper prices in the world spot market, including my country's spot market, have also risen a lot.Originally, if the National Reserve Bureau had closed all positions this time, although the National Reserve Bureau itself would lose the opportunity to reduce losses, it would at least make the copper price in the international spot market no longer affected by distorted futures prices, and thus return to its track determined by supply and demand.However, in this period of the National Reserve Bureau, in any case, the copper price distortion and overvalued in the futures market will more or less certainly exist, and this distortion will definitely be transmitted to the spot market. The result is that as a large copper consumption country, my country's end consumers will pay an extra billion or even tens of billions of dollars in purchasing copper raw materials.
Speaking of this, Zhang Yiming paused unconsciously and sighed softly.Ji Feng also sighed and said: It seems that the National Reserve Bureau’s extension is to sacrifice the big one for the sake of the individual, which is too unauthoritable.
After saying that, Ji Feng sighed again seriously.
Zhang Yiming smiled, Fatty, I said this is not something you want to worry about the country and the people.
How do you say this?
Ji Feng gave a Peking Opera accent.
Where did the tens of billions of dollars spent on purchasing copper raw materials in our country?The answer is that it was earned by our copper production enterprises.This increase in copper prices in the futures began in the fourth quarter. Due to the lag effect, the corresponding copper prices in the spot market rose even later.Therefore, for copper manufacturers, rising copper prices have no longer had a big impact on their performance this year.Most of the additional income of tens of billions of dollars just now will be generated next year, so it can be expected that the performance of my country's copper production companies will have a significant increase next year.
Speaking of this, Zhang Yiming looked at Ji Feng with a smile and said: So, as an investor with comprehensive thinking, forward-looking vision and keen sense of smell, our decision is
Buy the stock of the copper company!
Ji Feng shouted out like the children in Colgate's advertisement, saying that there were no tooth decay.
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