章節 1522: Chapter 1522: Kirin Capital's huge profits
In Peter Wallenberg's analysis:
They have consumed more than 800 million pounds of the Bright Fund's capital, while the Silverada Group's liquidity has increased by 7 billion Swedish kronor.
With this increase and decrease, the liquidity of both sides has changed by more than 10 billion Swedish kronor.
However, the scene of the pressure on acquisitions decreasing, which he was expecting, did not occur.
The trading volume of the Swedish stock market continued to rise, and he still couldn't tell whether Bright Fund had lowered its acquisition intensity or whether the enemy was Bright Fund.
So in this situation of uncertainty, he could only grit his teeth and continue to hold out.
He disposed of some unimportant foreign assets at low prices to bring back funds to support the domestic market.
Peter Wallenberg endured this kind of suffering for three days.
In three days, more than 20 billion Swedish kronor of liquidity was once again consumed!
Some of this capital was even mortgaged by the Wallenberg family.
For Kirin Capital, these three days were also very stressful.
Finally.
Before the Swedish government and parliament passed the 'Implementation Measures on Temporary Restrictions on the Entry of Overseas Funds and Strengthening Foreign Exchange Management,' Kirin Capital completed the harvest in an orderly manner.
After the harvest, the huge amount of Swedish kronor was disposed of through multiple channels.
For example, it was exchanged for US dollars through a number of consortium banks or international ally banks.
Or directly accept it with the Swedish central bank and the foreign exchange administration, which have been under great pressure recently due to the sharp rise in foreign exchange in their hands.
Or directly purchase gold for hedging.
Gold is pegged to the British pound and the US dollar. No matter how much the Swedish krona appreciates, as long as it is converted into gold for hedging, it can avoid the risk of exchange rate fluctuations in the Swedish krona.
What's more, Xia Yu has long since opened a huge gap in the world's largest London gold market and occupies an important voice.
Among the five major pricing banks for London gold, HSBC and Scotiabank are both part of the Bright Fund.
And Xia Yu's several consortia are also in a dominant position in the gold mining industry.
From gold mining to futures pricing and trading, they firmly occupy the number one position. With such a huge channel, it is easy to handle some funds.
If it were any other force, it would be difficult to complete the conversion of more than 100 billion Swedish kronor within three days in Sweden!
After the harvest was complete, Kirin Capital temporarily withdrew from the market in a low-key manner, and most of the employees of the Swedish branch were directly given bonuses and sent on vacation.
Wang Qi, also very excited, reported the fruitful results to Xia Yu via a satellite encrypted phone.
The actual combined profit from the stock market, foreign exchange market and futures market was 12.111 billion US dollars!
The return on investment for the entire operation was as high as 127.48%!
...
Kirin Capital had completed its high-level harvest, and the pressure on the Wallenberg family had been greatly reduced.
As it happened, the Swedish government had introduced relevant policies, and the Wallenberg family's think tank naturally concluded that there had been changes within international capital.
Peter Wallenberg, whose pressure had been greatly reduced, could finally breathe a sigh of relief. Overjoyed, he sent an invitation directly to Ingvar Carlsson for a small family dinner.
The families that attended were Peter and André, the two brothers, and Ingvar Carlsson's family.
The prime minister certainly didn't want to miss such an opportunity to get to know the Wallenbergs better, and he arrived at the dinner with his wife and children in tow.
The evening was very informal, with the women and children mingling and laughing.
The three men, however, sat at the outdoor table with their wine glasses, raising their glasses in celebration under the stars.
'Let's drink to the improved situation!'
'Clink!'
The three clear glasses clinked together, and then each of them finished their glasses of red wine.
The waiter on the side refilled their glasses at the first opportunity.
Exhaling a light breath of wine, Peter Wallenberg said to Ingvar Carlsson next to him, 'Ingvar, in this regard, we in Sweden were the first in Europe to take practical measures, and as always, your Social Democratic Workers' Party has been highly effective.'
Such meaningful words made Ingvar Carlsson smile, but he was also humble: 'Peter, none of this would have been possible without the support of the Wallenberg family. I can only say that the cooperation between our Social Democratic Workers' Party and the Wallenberg family has always been very good!'
'Then I wish our cooperation will always be pleasant!'
André Wallenberg raised his glass again at the right time.
'Clink!'
'Pleasant cooperation!'
Another gulp of wine made Ingvar Carlsson even more enthusiastic.
He couldn't help but say to the Wallenberg brothers, 'Recently, in the face of the chaos in the capital markets caused by the onslaught of international capital, the European Community and European countries all want to introduce effective administrative measures as quickly as we did, but they face much more resistance than we did.'
'The good thing about Sweden is that the Wallenberg family's influence can tip the balance and quickly overwhelm the opposition.'
'And in the past few days, especially after the announcement today that the policy will be implemented, the situation has clearly reversed.'
'Just like currency exchange.'
'In the past three days, our country's foreign exchange bureau has exchanged 8.2 billion US dollars in foreign exchange! On the first day, it was even less, only about 1.5 billion US dollars, and today it exchanged 4.1 billion US dollars!'
'Under normal circumstances last year, our country's foreign exchange reserves were around 70 billion US dollars, but this year our foreign exchange reserves soared, reaching a peak of 26.7 billion US dollars!
'Now it has dropped to more than 10 billion U.S. dollars!'
'Inbound capital is beginning to withdraw!'
In most developed countries, in fact, the government does not regulate foreign exchange, and even if some do, it is indirect.
Capitalist countries essentially serve the interests of capital, and of course the fewer such things that are detrimental to capital, the better.
Like Sweden, for the banking industry and other commercial companies, it was previously enough to have the information, but they did not regulate their foreign exchange holdings and transactions.
Otherwise, with Sweden's high dependence on the export-oriented economy, an additional foreign exchange control would have a significant impact on business transactions. At the very least, the time and cost of trade settlements would increase significantly, which would reduce the competitiveness of domestic companies in the international market.
The government's lack of control over foreign exchange has both advantages and disadvantages. The key is still strength. If there is strength like that of the United States, then it doesn't matter whether there is control or not.
Of course, when it comes to foreign exchange, it is not the case that the more a country has in reserve, the better. It is also necessary to maintain a good balance and keep it within the limits that the national economy can bear, otherwise it is easy to exacerbate imbalances in the economic structure and increase inflationary pressures.
Ingvar Carlsson's words were indeed good news.
Peter Wallenberg couldn't help but smile and say, 'With a substantial outflow of international capital, the pressure on us will be less, but the government has to control it to a certain extent, otherwise we will also be in big trouble!'
When funds from the country quickly flow out to foreign markets, it will inevitably lead to a decline in foreign exchange reserves, which in turn will lead to a depreciation of the national currency.
During this period, the Swedish government was overwhelmed by the pressure of the appreciation of the local currency, and now it desperately wants the Swedish krona to depreciate.
So this is indeed a great thing.
However, as Peter Wallenberg said, it must be controlled to a certain extent.
Otherwise, with the current bubble level of the Swedish stock market, if international capital flees in a frenzy, the stock market will definitely experience an avalanche!
Inval Carlsson agrees with this warning.
'Don't worry, Peter. Right now, a lot of capital is still heavily long on the Swedish krona. Driving some of this international capital out will only have a positive effect. As long as they don't all run at the same time, it'll be fine.'
'Now, at the national think tank level, there are already discussions about how to take advantage of the situation to maintain the prosperity of the stock market.'
Andrè Wallenberg then said, 'For this matter, it would be best to arrange for someone to contact us and work together to find a solution.'
The Wallenberg family had invested so heavily in the market, and if the stock market were to collapse, they would be the first to object!
'Okay, I'll have someone contact you tomorrow...'
That night, the three of them had a great time drinking, and their fatigue from the past period of time was greatly relieved. They looked forward to the situation getting better and better from here on out.
But unfortunately!
Xia Yu just wouldn't let them have their way.
Kirin Capital's successful harvest marked the end of the first phase of the entire Swedish action plan.
The second phase was then opened by Guangming Fund.
George Berkeley said he was good at overturning tables!
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