Chapter 648 Invincible Wealth

Yang Jingshan thought he was going to stay in London for a period of time. Anyway, this is also one of the best futures actions in recent years. Not to mention how long it will take to prepare in the early stage, it is not surprising that the long and short sides will compete for a month or two.

So, when Su Cheng said that there was a "big play" not long ago, Yang Jingshan was skeptical.

As for now, he really believes it.

Tens of billions of capital flows and thousands of companies fight against each other. In the eyes of Yang Jingshan, who has been in contact with finance all his life, he seemed to be in a rain of bullets, and what kept roaring in his ears was the bombing of money and intelligence... Moreover, when the intensity of this bombing increased and the time increased, There is only money.

Intelligence and so on are only useful before the war, and after that, this will always be a world where firepower is supremacy.

In the trading pool, people leave the market gloomy every moment, and people cheer every moment.

Citibank claimed compensation and left the market, with a huge loss of more than 30 million US dollars.

Industrial Bank claimed compensation and left the market, with a huge loss of more than 50 million US dollars.

Enron Energy claimed compensation and left the market, with a huge loss of more than 100 million US dollars.

Lehman Brothers claimed to leave the market, with a huge loss of more than $150 million.

......

At the end of the manual bid at 19:30, at least more than half of the multi-party positions were closed, while the short pan-Asian fund reduced the position by two-thirds.

Sumitomo Trading Co., Ltd. is still bleeding and closing its positions, with a direct loss of more than 3 billion US dollars. They failed to sell heavy positions in the manual bidding stage, so they continued to sell in the electronic disk stage. Unlike the manual bidding period, there is communication and control between traders. The electronic disk is a more cruel battlefield. It doesn't care whether the price of crude oil is normal or people's psychological expectations. It only focuses on the balance of funds.

The new price was quickly discovered.

$14.20.

$14.10

......

$13.92 appeared at 20 p.m., officially announcing that crude oil fell below $13, a new low in several years.

This is a situation that Su Cheng didn't expect. But it is also reasonable.

The oil price below $14 is not so much an overreaction of the market, but rather that losses exist in the futures market all the time.

There are more people chasing ups and downs than those who insist on value. For profit, even for the "spilling" transaction with a price difference of 1 cent, there are special economic companies doing it, not to mention the bad market that flies down 3,000 feet.

At 21 o'clock in the evening, Hidetomo Hirano couldn't bear to see it, and Michio Matsumoto was also pale.

However, no one can quit.

Sucheng's Pan-Asian Fund is unwilling to withdraw. They are vested interests.

Sumitomo Trading Co., Ltd. and its pseudo-ally are also unwilling to quit. They insist that closing the position can at least control the loss, and no one can bear the risk of waiting another night.

It's tomorrow. The price of crude oil may rise. It may fall, but for most people like Sumitomo Trading Co., Ltd., Michio Matsumoto clearly knows that as long as he is still in a heavy position, he is not qualified to wait.

The occasional rise is not enough for them to clean up the remaining tens of billions of dollars of heavy positions and occasionally fall. It will cause inevitable losses.

Even if the blood flows into a river, it can only be tolerated silently.

Pain is the main theme of the futures market.

Happiness can only be temporary.

However, for cultivators like Sucheng. As long as he can see autumn, that's enough.

The season of harvest. The faces of the winners were covered with golden aura, and the losers were splashing blood under their feet.

There is no more lethal battlefield than here.

For the capitalist world, there is no fairer battlefield than here.

Citibank is one of the four giants of crude oil in New York, and Industrial Bank is a European hegemonic financial company in the 1990s. Sumitomo Trading Co., Ltd. represents the highest financial strength of Japan's comprehensive trading company. Enron and Lehman Brothers are the banners of new financial companies in this era... However, there are No.

In Su Cheng's eyes, this seems to be normal. The news that Citigroup and Sumitomo have lost money can be received from time to time, and Lehman Brothers and Enron have closed down. Bear Stearns, which has not yet been completely cleared, has the same fate.

It will take less than a few years to destroy the so-called century-old foundation.

However, Su Cheng's calmness failed to infect Yang Jingshan.

This second-generation official who is familiar with the Bank of China system, understands China's import and export business, and has studied in France for a long time. Even in his dream, he does not think that the traders of Societe Generale Bank of France will not be able to play with private companies in China. As for Citibank and Lehman 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 all kinds of slogans and believed in all kinds of theories, but neither in the classroom nor in society, he provided him with comprehensive information. When he first contacted 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 still believed in the power of European and American banks.

Until this moment.

An unreal moment.

At 22 o'clock in the evening, Su Cheng rang the bell and whispered, "We have entered the pure profit period."

Yang Jingshan was not only stunned, but also at a loss.

The Pan-Asian Fund's remaining tens of billions of dollars of crude oil futures contracts have not been sold. Even so, the profits have been generated, and the crude oil futures contracts sold are all pure profits.

This situation is rare.

Yang Jingshan did not know the specific scale of the Pan-Asian Fund or how much Su Cheng had earned. However, looking at the jumping figures on the electronic screen and thinking that a Chinese company dominated all this, Yang Jingshan was suddenly moved inexplicably.

Deeply moved.

It seems to be back to junior high school.

What you know is the whole world. Your own world affects you, and your pride affects the world...

Before the end of the electronic disk. The Pan-Asian Fund finally closed all its positions and took all the profits into its arms.

At the same time, Sumitomo Trading Co., Ltd., Ito Trading Co., Ltd., Bear Stearns, bp, Total and many other financial institutions have also completed "risk control" and lost all of them.

Sumitomo Trading Co., Ltd., which lost the most money, controlled the "risk" at $5.2 billion, Ito Trading Co., Ltd. The "risk" has been controlled at $1.4 billion, and both bp and Total have reduced the "risk" to $1 billion, all of which have created the highest losses in recent years.

Su Cheng, Qi Xiao and Qin Yun squeezed in front of the computer and began to watch the 11-digit dollar account.

Tens of billions of dollars in cash accounts are not common. Except for large banks and ordinary industrial companies, even if they are tens of millions of dollars, they may not be able to find billions of dollars in cash. As for $10 billion in cash, to be precise, it is a $75.8 billion cash account. In the financial accounts of many countries. It can't be seen.

During the same period, China's foreign exchange reserves were 51.62 billion US dollars, and by next year, its foreign exchange reserves will be only 73.59 billion US dollars. Of course, domestic banknote printing machines can print as much money as they want, but the boss of the State Council wants to spend money internationally. That's all. If you want it, you have to issue bonds. In 1994, China did issue US dollar bonds internationally, with a total amount of 1 billion US dollars, which is pitiful.

And out of the $75.8 billion received by the Pan-Asian Fund. $17.5 billion is the principal and $51.3 billion is the profit. Profit alone exceeds the domestic foreign exchange reserves at this time.

At a certain moment, the amount of funding of the Pan-Asian Fund exceeds that of most economies in the world.

Of course, Dahua Industry has obtained 25% of it, with a total of 12.8 billion US dollars. In addition to the profits of its independently operated spread contracts, the total amount has reached 17 billion US dollars, which is equivalent to its own scale reaching the size of the Pan-Asian Fund.

And the total amount of cash of Dahua Industry has to be included in its own $4 billion.

In other words, after months of planning and weeks of implementation, Dahua Industry has become a giant with a total cash of 21 billion US dollars.

Such scale and speed, before the emergence of the new rich in the Internet era, can not be said to be unique and rarely seen.

The most talkable Qin Yun looked at the string of extremely simple numbers and began to be in a daze.

In fact, the more people who deeply understand finance, the more they can understand the size of this set of numbers. As an ordinary person, the welfare lottery bonus of 5 million yuan may be a big figure. The 17 billion US dollars obtained by Dahua is as high as 142.8 billion yuan, which is equivalent to 285.6 million yuan. If we consider the inflation from 1994 to 2004 and then to 14 years, this It is a complete astronomical figure. For an alien who has crossed the earth for 400 years of accumulation, it may not be so much that can survive.

Moreover, the full assets of Dahua Industry are not just cash.

"I didn't expect it." Even Su Cheng himself was so shocked that there was only a sigh.

Qi Xiao muttered to himself, "I don't believe it. You must have expected it all."

Su Cheng shook his head and then, slowly relieved his emotions and said, "I thought the first third of the position was the most profitable part. Unexpectedly, the last third was the most profitable part. Isn't it scientific?"

Qin Yun's eyes were bulging like a goldfish, and his head seemed to be sucked in by the monitor. He said, "You pull out a hair and let the laboratory do a project. You will definitely find the scientific part."

Yang Jingshan listened to their words, looked at their expressions, scratched his ears and cheeks in a hurry, regardless of his face, and asked, "How much?"

"It's quite a lot." Su Cheng glanced at him and didn't say the number.

Yang Jingshan has no choice but to guess in his heart: Pan Asia is estimated to have made more than 10 billion US dollars, and Dahua Industry should have more than 1 billion. Maybe it's a little more. Even if it's less than this, it's not much less, at least 800 million US dollars... That' Yes...

Xiao Pang was not ** to the number, and was infected by the atmosphere of celebration around him, so he chose the measurement he was familiar with and asked, "If you buy Maotai, you can buy it for the old and the young."

"If you pull out the roots, it may be enough to buy Maotai Distillery." Qin Yun decided to keep his hair flowing to the end.

Speakably, if it is used for personal consumption, even if it is a luxurious product, it is estimated that it only needs a hair to be done now - if buying a winery is also a personal consumption.

Qin Yun even involuntarily calculated: If more than 20 billion US dollars are converted into RMB and deposited in the bank, it will be deposited into a current account... The current interest rate is 3%, with an interest of 5 billion yuan a year, 400 million yuan a month and more than 13 million yuan a day. It is absolutely difficult to spend it on time every Of.

"Ddong--"

The closing bell rang.

The multi-day crude oil futures war seems to have come to an end.

More than ten seconds later.

"Papa!"

"Papa!"

"Papa!"

But there were countless applause 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, no matter to individuals, no matter companies... Here, only the winners and rolling gold coins can get the purest respect.

Yang Jingshan lay quietly by the window, hungry and thirsty, breathing the respectful air from the West, but in his eyes, the image of Su Cheng has become extremely tall.

"Maybe, I should resign and join a private company, for example, Dahua Industry..." The idea popped out of his head, and Yang Jingshan could no longer stuff it back.

......

......RU