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- Yang Jingshan thought he would stay in London for a while. After all, this is one of the best futures actions in recent years. Not to mention how long the preliminary preparations take, it is not surprising that the long and short parties will compete for a month or two.
Therefore, when Su Cheng said there was a "big drama" not long ago, Yang Jingshan was dubious.
As for now, he really believes it.
Tens of billions of funds are flowing, and thousands of companies are fighting against each other. In the eyes of Yang Jingshan, who has been exposed to finance all his life, he feels like he is in a hail of bullets, and the bombardment of money and intelligence is constantly roaring in his ears And , when the intensity of this bombing increases and the time increases, money will probably be the only thing left.
Intelligence and other things are only useful before a war occurs. After that, this will always be a world where firepower is paramount.
In the trading pool, people are leaving sadly every moment, and people are cheering every moment.
Citibank took the loss and left the market with a huge loss of more than US$30 million.
Industrial Bank accepted the loss and left the market with a huge loss of more than US$50 million.
Enron Energy resigned from the market with a huge loss of more than US$100 million.
Lehman Brothers resigned from the market with a huge loss of more than US$150 million.
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By the end of the manual bidding at 19:30, at least half of the long positions have been closed, while the short Pan Asia Fund has reduced its positions by two-thirds.
Sumitomo Trading Co. is still bleeding and liquidating positions, with direct losses exceeding US$3 billion. They failed to sell off their heavy positions during the manual bidding stage, so they continued to sell during the electronic trading stage. Unlike during the manual bidding period, there were traders For communication and control, electronic trading is a more cruel battlefield. It does not care whether the price of crude oil is normal or not, nor does it care about people's psychological expectations. It only focuses on the balance of funds.
New prices are discovered quickly.
$14.20.
$14.10
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US$13.92 appeared at 20:00 in the evening, officially announcing that crude oil fell below US$13, setting a new low in several years.
This is a situation that Su Cheng did not expect, but it is also reasonable.
Rather than saying that the oil price below $14 is an overreaction of the market, it is better to say that collateral losses exist in the futures market at all times.
There are more people who chase the rise and fall of crude oil than those who stick to the value. For the sake of profit, there are specialized economic companies doing even "scalping" transactions with a price difference of 1 cent, not to mention the bad market that is flying down three thousand feet. .
By 21 o'clock in the evening, Hidetomo Hirano couldn't bear to look at it, and Michio Matsumoto also looked pale.
However, no one can quit.
The Pan-Asia Fund in Sioux City is unwilling to withdraw. They are vested interests.
Sumitomo Trading Company and his pseudo-allies are also unwilling to withdraw. They insist that closing positions can at least control losses. No one can bear the risk of waiting another night.
Tomorrow, the price of crude oil may rise or fall, but for a big bull like Sumitomo Trading Co., Michio Matsumoto clearly knows that as long as he still has a heavy position, he is not qualified to wait.
Occasional rises are not enough for them to clear out the remaining tens of billions of dollars in heavy positions, while occasional falls will cause inevitable losses.
Even if the blood flows like a river, we can only endure it silently.
Pain is the main theme of the futures market.
Happiness can only be temporary.
"However, for a cultivator like Su Cheng, as long as he can see autumn, it is enough.
During the harvest season, the faces of the victors are glowing with a golden halo, while the losers¡¯ feet are gurgling with blood.
There is no battlefield more lethal than here.
For the capitalist world, there is no fairer battlefield than here.
Citibank is one of the four major crude oil giants in New York, Industrial Bank is the dominant financial company in Europe in the 1990s, Sumitomo Corporation represents the highest financial strength of Japanese general trading companies, and Enron and Lehman Brothers are the new financial companies of this era. Flag However, there is no one who deserves to lose or compensate.
In Sioux City¡¯s eyes, this seems to be normal. News of Citigroup and Sumitomo losing money can be received from time to time, and Lehman Brothers and Enron have ¡°already¡± closed down. Bear Stearns, which has not yet completely cleared its stock, suffered the same fate.
The so-called century-old foundation needs to be destroyed, but it only takes a few years.
However, Su Cheng's calmness failed to spread to Yang Jingshan.
This second-generation official who is familiar with China¡¯s banking system, understands China¡¯s import and export business, and has studied in France for a long time, even in his dreams, does not think that FranceTraders from commercial banks would not be able to defeat Chinese private companies. As for creatures at the top of the Wall Street food chain such as Citibank and Lehman Brothers, it would be difficult for them to leave a direct impression on him.
Even in the middle of the European continent, they are too far away.
Born in China in the 1960s, Yang Jingshan shouted various slogans and believed in various theories, but neither the classroom nor society provided him with comprehensive information. When he first came into contact with European banks and American financial institutions, he was in the mood of a pilgrim. He had seen the ugliness of European and American bankers, but he still believed in the power of European and American banks.
Until this moment.
An unreal moment.
At 22:00 in the evening, Su Cheng rang the bell and whispered: "We have entered a period of pure profit."
Yang Jingshan was not only stunned, but also at a loss.
Pan Asia Fund still has tens of billions of dollars in crude oil futures contracts that have not yet been sold. Even so, profits have been generated, and all crude oil futures contracts sold are pure profits.
This situation is rare.
Yang Jingshan didn¡¯t know the specific size of the Pan-Asia Fund, nor how much money Su Cheng earned. However, looking at the numbers jumping on the electronic screen, Yang Jingshan suddenly felt inexplicably moved when he thought that a Chinese company was leading all of this.
Deeply moved.
It seems like I am back in junior high school.
What you know is the entire world. Your own world affects you, and your own pride affects the world
Before the end of the electronic trading, Pan Asia Fund finally closed all its positions and took all the profits into its arms.
At the same time, many financial institutions such as Sumitomo Trading Co., Ltd., Ito Trading Co., Ltd., Bear Stearns, BP, Total, etc. also completed "risk control" and left with all losses.
Sumitomo Trading Company, which suffered the most losses, controlled the "risk" to US$5.2 billion, Ito Trading Company controlled the "risk" to US$1.4 billion, and BP and Total both reduced the "risk" to less than US$1 billion, and all of them created The biggest losses in recent years.
Su Cheng, Qi Xiao and Qin Yun crowded in front of the computer and began to look at the 11-digit US dollar account.
Tens of billions of dollars in cash accounts are not common. Except for large banks, ordinary industrial companies, even if they have tens of billions of dollars in scale, may not be able to find one billion dollars in cash. As for tens of billions of dollars in cash, accurately It is said that the cash account is US$75.8 billion, which cannot be seen in the financial accounts of many countries.
During the same period, China¡¯s foreign exchange reserves were US$51.62 billion. By next year, they will only be US$73.59 billion. Of course, the domestic money printing presses can print as much money as they want, but if the boss of the State Department wants to spend money internationally, there is only so much, and if he wants to spend more money, he has to issue bonds. In 1994, China did issue US dollar bonds internationally, with a total amount of US$1 billion, which was pitifully small.
Of the US$75.8 billion received by the Pan-Asia Fund, US$17.5 billion was principal and US$51.3 billion was profit. The profit alone exceeded the domestic foreign exchange reserves at this time.
At a certain moment, the amount of funds in the Pan-Asia Fund exceeds that of most economies in the world.
Of course, Dahua Industrial received 25% of it, totaling 12.8 billion U.S. dollars. Coupled with the profits from its independently operated CFD contracts, the total amount reached 17 billion U.S. dollars, which is equivalent to the size of the Pan-Asia Fund.
And Dahua Industrial¡¯s total cash has to include the US$4 billion of funds it owns.
In other words, after months of planning and weeks of execution, Dahua Industrial has transformed into a behemoth with a total cash amount of US$21 billion.
Such scale and speed cannot be said to be unique and rarely seen before the emergence of new wealthy people in the Internet era.
Qin Yun, who was the most eloquent, looked at the series of extremely simple numbers and began to be in a daze.
In fact, the more deeply a person understands finance, the more he can understand the hugeness of this set of numbers. As an ordinary person, a welfare lottery prize of 5 million yuan may be a big number. The 17 billion US dollars received by Dahua, converted into RMB, is as high as 142.8 billion RMB, which is equivalent to 28,560 5 million yuan. If we consider the 1994 By 2004, and then 14 years of inflation, this is an astronomical figure in a completely sense. If an alien who travels to the earth has accumulated 400 years, he may not be able to save so much.
Furthermore, Dahua Industrial¡¯s total assets are not just in cash.
¡°I didn¡¯t expect that.¡± Even Su Cheng himself was so shocked that he could only sigh.
Qi Xiao murmured to himself: "I don't believe it, you must have expected it all."
Su Cheng shook his head again and again, calming down his emotions and said, "I thought the first three points wereThe position of ?? is the most profitable part. Unexpectedly, the last third is the most profitable part. Isn't this unscientific? "
Qin Yun¡¯s eyes bulged like a goldfish, and his head seemed to be sucked in by the monitor. He said, ¡°Pull out a hair and let the laboratory do a project. You will definitely find the scientific part.¡±
Yang Jingshan listened to their words and looked at their expressions. He scratched his head anxiously and asked, without caring about his face, "How much?"
"That's quite a lot." Su Cheng glanced at him but did not tell the number.
Yang Jingshan had no choice but to make a wild guess in his mind: Pan Asia estimated to earn more than 10 billion US dollars, Dahua Industrial should have more than 1 billion, maybe more, even if it was less than this, it would not be much less, at least 800 million US dollars That is More than 7 billion yuan, I'm afraid no way
Xiaopang was not sensitive to numbers and was infected by the atmosphere of celebration around him, so he chose the weights and measures he was familiar with and asked: "If I want to buy Moutai, can I buy it for both young and old?"
¡°If you pull out all the hair, maybe it will be enough to buy the Maotai Distillery.¡± Qin Yun decided to continue the hair flow to the end.
Speaking of which, if it is used for personal consumption, even if it is a luxurious product, it is estimated that only one sweat will be done -if it is a personal consumption to buy a winery.
Qin Yun even calculated involuntarily: If more than 20 billion U.S. dollars are converted into RMB and deposited in the bank, it will be deposited as demand The current interest rate is 3, which is 5 billion RMB interest per year, 400 million RMB per month, and one day It¡¯s more than 13 million. It¡¯s definitely difficult to spend it on time every day.
"Boom¡ª¡ª"
The closing bell rang.
The crude oil futures war that lasted for many days seems to have come to an end.
Ten seconds later.
"Bah!"
"Bah!"
¡°Bah bang bang!¡±
But there were countless applauses ringing in every corner of the crude oil futures exchange.
Traders from Europe, the United States, and Asia commemorate the birth of the legend in their own way.
It has nothing to do with nationality, individuals, or companieshere, only winners and rolling gold coins can get the purest respect.
Yang Jingshan lay quietly by the window, breathing the air of respect from the West hungrily, but in his eyes, Su Cheng's image became unusually tall.
"Perhaps, I should resign and join a private company, such as Dahua Industrial" This thought popped into his head, and Yang Jingshan could no longer put it back.
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