v3 Chapter 886： Asset surge (1/2)

When the Bank of Barings was taken down, on the US side, Philip Brothers was acquired first.

The brand-new Phillips Brothers has only two shareholders, the Galaxy Fund and the New York Chemical Bank.

The Galaxy Fund holds 67.7% of the shares, the New York Chemical Bank holds 32.3%, and the Galaxy Fund still holds absolute controlling rights.

The ability to retain absolute controlling rights is due to the fact that Philip Brothers’ losses in the futures market are too large. After the New York Chemical Bank replaced Coca-Cola’s equity with a value of US$407 million, the replacement futures contract also Only accounted for 31.2%.

Then combined with the original equity acquired by the two parties, after the asset integration equity is re-divided, it becomes the current result.

Of course, it is worth mentioning that the equity of Phillip Brothers held by Galaxy Fund was acquired by Jiuding Securities Co., Ltd. except for the capital injection of futures contracts.

Although the two companies are both Xia Yu’s private companies, the employee bonuses of different companies are linked to the company’s performance, so brothers must also settle accounts. After the Galaxy Fund paid a portion of the handling fee to Jiuding Securities, Toby · Morton certainly had no objections.

Relying on short-selling Philip Brothers, Jiuding Securities Co., Ltd. has come down to US$827 million in the entire process. Now Toby Morton is thinking about how to make reasonable use of this money to invest.

After the work of Jiuding Securities Co., Ltd. ended, Xia Yu focused on the Galaxy Fund.

Time passed slowly, and it was the end of August before I knew it.

Throughout August, apart from the US election and the clearance of futures and spot contracts that could affect Xia Yu's mind, the only thing worthy of his attention was the mainland meeting on August 26.

That meeting can be said to be another important node in the reform of the mainland, which confirmed the establishment of special economic zones in four cities including Pengcheng.

On the same day, Xia Yu also specially gave some instructions to his think tank in Xiangjiang.

August 31st.

Xia Yu's company finally emptied all copper and aluminum futures and spot contracts. Combined with the transcripts submitted by various companies and teams, Xia Yu finally knew all the results of the futures battle.

Among them, the copper market gained a total of US$2.311 billion, the futures market had even higher returns, reaching US$1.287 billion, and the spot market gained US$1.024 million.

The aluminum market far exceeded the copper market, with a total of 3.637 billion US dollars, of which the aluminum futures market gained 1.462 billion US dollars and the spot market book income was 2.175 billion US dollars. Dollar.

The book income of the copper and aluminum markets totaled 5.948 billion US dollars, which is about to exceed 6 billion US dollars.

But these are only book gains, in fact, there is not so much liquidity.

The reason is that a large number of futures contracts are used to hedge against Philip Brothers and Bank of Bahrain, which have essentially become the equity and assets of these two companies, and of course some have been replaced with equity in Coca-Cola.

The circulating funds that really remained in Xia Yu's hands were US$4.1 billion.

Only Xia Yu knows these data. Each group and each company only knows their own data.

And not all of this money is in the United States. Except for less than one billion U.S. dollars in the United States, other funds have long been in the process of trading with the next company and entered the international account, either in a Swiss bank or already transferred. Among Jiuding Bank or Chiba Bank.

Xia Yu's assets surged again.

After reading all the data in the office, Xia Yu locked the transcripts in the safe, and then convened a meeting with the senior management of the Galaxy Fund.

Five minutes later, in the conference room.

Xia Yu's face was Hexi's smile, and his eyes swept across everyone's faces. They saw Song Yang, Xue He and others smiling and full of energy. Everyone looked at Xia Yu's eyes full of admiration from time to time.

Xia Yu knows that this global futures war has given these subordinates a transformation, and their overall outlook and resistance to pressure have been greatly improved.