Chapter 952: 952
Chapter 952 – Dividing the loot
When Feng Yu and his allies cooperated with Soros again, the South Korean government cannot hold them back . Feng Yu released news that their funds are running low and need to raise funds . He cannot continue to buy the Won dumped by Soros, and the South Korean Government will have to buy it themselves .
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One billion USD worth of Won was bought by the South Korean Government, but the next day, 2 billion USD worth of Won is dumped into the market!
Where did Soros borrow such a big amount of Won? Which bank had issued this loan to Soros, despite government orders?
Closely after the appearance of the 2 billion USD worth of Won, the South Korean Government noticed many short positions future contracts on Won appearing in the market . These contracts did not belong to Soros and were scattered among many accounts, including one Hong Kong fund company, which had been helping them defense against Soros .
The Hong Kong tycoons are working with Soros?
At this time, Soros also threw his trump card, and start to dump Korean Won he borrowed from other markets . Korean Won fell by 5% that day!
The South Korean government immediately asked the International Monetary Fund for assistance . But it will take some time before help arrives .
The South Korean government does not have time to wait!
Korean Won was forced to switch to the Floating Rate system, and the market will decide its value . At least, this will lower the inflation rates in South Korea .
After the switching of the currency rate system was announced, Korean Won dropped another 8% . Feng Yu and Soros had a landslide victory!
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This time, Feng Yu and his allies had used high leverage and increased the amount they shorted . Naturally, their returns will be higher and gotten high profits even after including their losses previously .
Soros had also recovered his losses and made a small profit . But his profit is nothing when compared to Feng Yu .
Before Christmas, Feng Yu and his allies settled their remaining future contracts and gotten back all their funds .
“Let’s have a toast . We had made a killing this time!” Fu Rongqi laughed . Not only he and the Fu Family had made high profits, but he had also still earned from those tycoons’ commission .
“Hahaha… Soros is getting all the blame in front, but no one will know that we are the ones who had gotten the most profits . ” Fu Guangzheng laughed . His assets had increased a lot, and is now the second wealthiest in the family, behind his eldest uncle .
Fu Guangwei doesn’t dare to think of exceeding his Eldest Uncle in terms of personal wealth, but he is proud to have exceeded his other uncles .
Among Hong Kong’s second generations, maybe only Superman Li’s eldest son, Li Zeju can be Fu Guangzheng’s equivalent . But Li Zeju’s assets are inherited from Superman Li, and not earned by him .
No one knows who the next Hong Kong wealthiest man among the Second Generations will be .
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“Thanks to everyone’s help, we can achieve this victory, especially Professor Liang . Without your help, we will not achieve this result . ” Feng Yu raised his glass towards Professor Liang .
“I had only made some suggestions, and you all are the ones deciding whether if you all want to use it . ” Professor Liang is in a good mood . He hates those incapable people who ignored advice from others . But in this room, he felt highly respected and is pleased with it .
Kirilenko said a lot in Russian, and everyone looked at Feng Yu . Feng Yu had a helpless look on his face . Damn! I still got to be a translator!
“Brother Ki said you all are all his friends and all of you must give him a call if anyone of you goes to Russia . If not, he will be pissed!”
“Hahaha… Kirilenko is so straight forward with his words . Don’t worry . I will be going to Russia for a short holiday soon, and I believe he will be a good host . ” Fu Guangwei said with a mischievous smile . He should be looking forward to Kirilenko hosting him .
“Alright . There will be a celebration at the Peninsula Hotel tomorrow . ” Fu Rongqi announced .
“Uncle, let’s talk about the celebration tomorrow . We should split our loot first . I promised to buy a sapphire necklace for my mother . ” Fu Guangwei shouted .
Fu Rongbing laughed as he looked at his son . His son had grown up and knew how to buy gifts for his parents . Someone said that surrounded by good friends will make one grow up faster . Seems like Feng Yu is a good friend, and you can see it through the changes in Guangwei and Guangzheng .
Fu Rongqi laughed and shook his head . “You should learn how to invest from Nephew Feng if you got the money, and not be spending unnecessarily . These are the documents . Come and take a look . After you all sign it, I will transfer the profits . ”
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“So much?!” Fu Guangwei exclaimed . He did not expect his investments to be doubled .
Fu Guangzheng raised his brows . Do you call that much? I had made much more than you .
Fu Guangzheng was grinning from ear to ear and did not say anything, as he signs the document . But he . He had invested with his Eldest Uncle and Feng Yu .
“How come I am included?” Professor Liang looked at the document in front of him and asked .
“You had helped us a lot, and this is what you deserved . If you think it is too little, just tell me how much you want . We are going to be one big family, anyway . ” Fu Rongqi laughed .
“If I still think this amount is too little, I will be too greedy . As for other matters, just let the children resolve it themselves . ” Professor Liang said and looked at Fu Guangzheng .
Fu Guangzheng smiled and did not say anything . Liang Yin had agreed to dine with him, and Fu Guangzheng knows that she will agree to be his girlfriend sooner or later!
Feng Yu also signed a document . The agreement between them includes profit sharing, and Feng Yu must also split his profits with Fu Rongqi . Feng Yu also took out a stack of documents for Kirilenko, Fu Rongqi, and the rest .
Kirilenko saw the numbers in the document and quickly signs it .
Fu Guangwei looked over Fu Guangzheng’s shoulders to looked at the document he was signing . How come it’s so much? He was about to exclaim, but Fu Guangzheng gave him a stare .
Feng Yu had also given Professor Liang a share of his profits, and he did not reject it . Compared to the rest, Professor Liang’s returns are the highest in terms of percentage . He had invested 10 billion HKD in Guangzheng Fund . But he had helped Fu Rongqi and Feng Yu and had gotten four shares of the total profits . Each share is higher than what he had invested .
With the money he has gotten, Professor Liang can officially retire . But he will most likely continue to teach or manage Guangzheng Fund . A retirement life does not suit him .
“Brother Feng, are you going to invest your money again? What are you going to invest in? Can you bring me along?” Fu Guangwei asked .
Look at Brother Guangzheng . He had invested with Brother Feng, and his assets had increased by several folds .
“Sure . I need some time to think about what to invest next . If you are interested, you can join me . ”
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