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Chapter 270 State Reserve Bureau

At 9 o'clock in the evening, a black car passed through the dim Chang'an Street, and the portraits on the city tower were looming, and the red walls of the Forbidden City were calm and solemn.

Hou Haiqing is Su Dongyuan's son-in-law and it is hard to see Su Zhenguo himself on weekdays. Thinking of the next scene, he couldn't calm down for a long time and his body twisted around in the back seat.

He turned slightly, but saw Su Cheng's face calm and he said unconsciously: "Old Su asked about the oil trend, probably as a reference for policy. Do you want to prepare anything? For example, I can ask someone to bring it to you."

Su Cheng moved his neck, as if he was a little dissatisfied with the safety of his breaking the car, and his voice sank slightly: "The trend is nothing more than rise and fall. Do you have to predict the specific number?"

"It must be well-founded." Hou Haiqing's mood was actually more excited than Su Cheng.

Su Cheng smiled and said, "There is a basis for forecasting prices regardless of the rise and fall, and there is sufficient reason. But there can only be one possibility that it is correct."

Hou Haiqing lowered his head and thought. Indeed, a person who doesn't know much about the oil economy can also come up with several reasons for the price increase of oil and several reasons for the price decrease of oil. If we look at it from the other side, it will be considered sufficient.

However, if he had to say the rise and fall of oil, Hou Haiqing could not say. Especially when it rose and when it fell, it was simply a disgrace.

Although the domestic policy research institutions are calling Huan, they are all buying lottery tickets. If they are asked to pay for their own money to decide the rise and fall, they will pretend to be mute.

In the 190s, China had a very lack of experience in business and finance in the Western world. After 30 years of baptism of planned economy, local decision makers were either the sons of poor and lower-middle peasants or the sons of heroes. In addition to the top leaders who had gone abroad, went abroad, and witnessed the Western world, Chinese people under thirties and forties had really seen prototypes of the market economy, and even books were lacking, and there were many twists. Chinese people back then often found a biography of famous business people and read them as management textbooks, which was very sympathetic of Mei Chaofeng studying the Nine Yin scriptures.

Facts have proved that there are not a few business geniuses who have learned through celebrity biographies, but most of them are the Nine Yin White Bone Claws. Not to mention learning the complete Nine Yin Sutra, it is difficult to get in touch with them.

Doing oil business, refining refined oil, and setting up chemical plants. Using the tricks of the Nine Yin White Bone Claw is enough. However, to predict the rise and fall of oil prices, you must have a complete set of Nine Yin scriptures or predict the future.

People say that when the war begins, oil prices will rise. But the Gulf War in 1991 was not the case. And it was the opposite way. During the crisis, oil prices jumped three times a day, and during the war, oil prices fell three times a day.

Financial institutions that made predictions before the war, especially those in developing countries, lost to blood. This is not surprising. Before the beginning of the Gulf War, military intelligence agencies around the world had various omissions on the process and results of the war. What were the mistakes of commercial intelligence agencies?

Su Cheng was confident in the answer and didn't care about the reasons why scholars were talking nonsense.

Hou Haiqing couldn't do this, and he specifically mentioned: "Today, besides Mr. Su, there will be comrades from other departments attending. Some comrades' opinions may be contrary to yours, so they must have theoretical support."

Seeing that he was indeed considering himself, Sucheng thanked him with mercy and said: "In addition to the hedging part, I bought tens of millions of dollars of oil futures in the London market. Is there any better theoretical support than this?"

Hou Haiqing was stunned.

Su Cheng said lightly: "Why do you think everyone believes in my judgment? Because I bet with my capital. In the casino, all theoretical masters are liars, and only the gamblers on the field are the most credible."

Hou Haiqing coughed heavily and said, "How come this is a gambler? This is the judgment of the capital market and the foresight of the market."

"Your theory is good."

"I studied philosophy in school." Hou Haiqing said shyly and proudly.

"It seems you didn't graduate from undergraduate?"

"I studied at Renmin University's graduate school. Major in Science and Technology Philosophy." Hou Haiqing said nostalgically: "It's really difficult to learn logic, Western philosophy, natural philosophy, science and technology Philosophy...."

Su Cheng thought leisurely: This guy is so lucky. If he is a few years later, he can only go to college to teach ideological and moral education and Ma Zhe...

The convoy bypassed the square and stopped in front of a side door of the Great Hall of the People on time. Arriving here, it was a formal meeting. Su Cheng put away all kinds of ideas, put on a whole cashmere coat, and followed Hou Haiqing.

There are four people in a small living room.

Sitting was Su Zhenguo, next to Su Dongyuan, and then Director Mao that Su Cheng had just met. A man in his thirties stood to greet him. Su Cheng began to think that he was someone's secretary, but after the introduction, he realized that he was a cadre of the National Reserve Bureau.

Needless to say, this is a professional today. Strictly speaking, the cadres of the National Reserve Bureau are also professionals in the futures industry. They are also one of the few units in China that are allowed to participate in foreign futures trading.

The national material reserves can often be hundreds of thousands or even millions of tons. Using the hedging method of futures markets, they can lock in prices. Although they will not make money due to the rise in the futures market, they will not lose money due to the decline in the international market. From the perspective of national reserves, it is most suitable.

Among the most expensive "tuition fees" since China's reform and opening up, the training fees of the National Reserve Bureau were included.

Su Cheng's mind was very fast, and he suddenly hit him, sitting on the side of Su Zhenguo, completely ignoring Su Dongyuan's beard-blowing stare.

As a father, Su Dongyuan's mood was probably complicated. After Su Xing was expelled from both sides, he had no way out in his career and could only resell notes in business. In order to avoid being implicated, Su Dongyuan stopped Su Xing's business attempt and raised him like a pet. Now he is almost ruined.

Su City's rise was beyond Su Dongyuan's expectations, and it even reached a point that could not be ignored. However, the relationship between the two was extremely stiff, and it was probably difficult to bridge it in their lifetime.

Su Zhenguo did not give them too much room for emotional fermentation. Seeing Su Cheng sitting firmly, he leaned against the sofa and asked: "Su Cheng, Dahua Industrial Group, have you purchased a lot of short orders for oil?"

"yes."

“What about the specific quantity?”

"It's $87 million now, and the price is concentrated between $35 and $40." Su Cheng didn't expect Su Zhenguo to ask so directly, so he answered the question in a straightforward manner. This is not a shameful thing, and future profits cannot be hidden.

"Do you think oil prices will fall?"

"Sooner or later, can you ask, why does the NDRC care about this?" Su Cheng looked at Director Mao and Zhu Enbo of the National Reserve Bureau.

The thirty-year-old man moved his body and said, "We think oil prices will rise, to $45 to $50 in a short period of time, and to $30 in the medium and long term. Therefore, for all considerations, it is necessary to make corresponding adjustments..."

"You mean long orders?" Su Cheng looked over.

Director Mao smiled and said, "The National Reserve Bureau has made a report, and Director Su believes that it is worth discussing."

This is a discussion of hundreds of millions or even billions of dollars.
Chapter completed!
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