I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 304 Official Announcement of the Canal Project
The world was shocked when it saw the announcement from Sihai Investment.
A Chinese netizen commented: "Huh? I don't understand Mr. Yang's actions at all. Shouldn't he be retaliating against Singapore with a vengeance, given his temperament? Why is he going against Wall Street and going long on Singapore?"
A Japanese netizen commented: "What does Yang Chen mean by this? This isn't his usual style! Shouldn't he be following Wall Street in shorting Singapore? Is he trying to profit at Wall Street's expense again?"
A netizen named "White-headed Eagle" commented: "It's over. I feel Wall Street made a wrong judgment. They thought Yang Chen would definitely short Singapore, so they shorted Singapore in advance, waiting for Yang Chen to short it so they could cash out and leave. Obviously, Yang Chen doesn't want to be used as a tool by them; he's going to harvest them instead."
A German netizen commented: "Sometimes I feel sorry for those investment banks on Wall Street. Yang Chen must have reaped all the profits they've made in the last decade. Everyone in the world thought Yang Chen would short Singapore, but he did the opposite. I think Yang Chen's plan was probably to first profit from Wall Street, then drive up the Singapore stock market, and then short it at a high price, making even more money that way."
A netizen from the Sand Kingdom commented: "I'm experiencing the embarrassing embarrassment of those Wall Street people's self-righteousness right here. Yang Chen did intend to short Singapore, but he didn't necessarily have to short it directly. He could have first driven up the price to make a profit, and then shorted it again at a higher price to make even more. It's ridiculous that Wall Street is rushing to give Yang Chen money."
At this point, the presidents of Wall Street investment banks were in complete chaos, so Pacquiao quickly contacted everyone to hold a meeting to discuss countermeasures.
“I said back then it might not be a safe bet, but some of you presidents insisted that Yang Chen would definitely retaliate against Singapore. We planned to short sell in advance and then close our positions when he shorted. Now look what happened! Yang Chen is going to go long to make a quick profit, then short sell after the price goes up, making even more money. What are we going to do? What are we going to do?” Pacquiao said angrily.
Last time, it was Goldman Sachs CEO Winterkorn who spearheaded this viewpoint, and he quickly retorted, "In that situation, it wouldn't have been a problem for me to say that. Didn't everyone ultimately agree on this viewpoint before taking action to short the market? What's the point of you saying this now?"
JPMorgan Chase President Pinto said, "Winter is right. It's pointless to blame anyone now. The important thing is to find a solution. I think we should immediately switch from short to long and buy to close our short positions. Every little bit helps. Otherwise, Yang Chen will wipe out our short positions, and we will lose more than 500 billion Eagle Dollars."
Tiger Fund President Kerman said, "Why don't you have a talk with Mr. Pacquiao and tell Yang Chen to stop doing too much and quickly switch to shorting?"
Pacquiao shook his head and said, "You don't understand Yang Chen at all. He resents me for not stepping up to help him resolve the issue of his cargo ships being banned from the Strait of Malacca. He's definitely trying to take this opportunity to retaliate against us. It's no use talking to him now; he won't let us off the hook unless we give him enough benefits. But in that case, it's better for us to buy in now, close out our positions, and accept the loss. Maybe we'll lose less."
The CEOs remained silent, each assessing which approach would result in less damage.
At this moment, Vanguard President Barkley said, "Pacquiao, why don't we talk to Yang Chen first? What if his conditions aren't so harsh?"
Others immediately echoed Barkley's words, saying it wouldn't be too late to talk it over before making a decision.
Pacquiao nodded and quickly contacted Yang Chen to request a video conference.
Yang Chen was inspecting the canal route at that moment, so he didn't have time to have a video conference with the two of them.
"Just say what you need to say. I'm busy right now and don't have time for video conferences," Yang Chen said directly.
Pacquiao said awkwardly, "Fine, I'll get straight to the point. I know Mr. Yang resents me for not helping you, and I won't make excuses. I just want to ask Mr. Yang not to push the price too high. Let's hold on until you switch to shorting. Is that alright?"
Yang Chen said with a smile, "If I don't pump and dump your stocks, who am I going to make money off? I'll stop pumping and dumping when you all get liquidated or sell everything."
“Mr. Yang, we could have had a very good relationship, why did we have to make it like this?” Pacquiao said.
Yang Chen laughed and said, "You're absolutely right. I was genuinely sincere about cooperating with you from the very beginning. And what happened? You were either two-faced, gloating, or even kicking me when I was down. Now you're asking me why things turned out this way! I should be asking you why things turned out this way! You keep saying 'Mr. Yang, we're good friends, we're different from the politicians back home.' But in reality? Are you any different from those politicians? And you still expect me to remember your kindness? Bah! Disgusting! Absolutely disgusting!"
Pacquiao was speechless after being scolded by Yang Chen, so he simply hung up the phone.
“I told him he wouldn’t stop, and he yelled at me for it. He said either we pump the price up or we close our positions and leave the market, otherwise he’d keep pumping it up until he wiped out our short positions. Don’t hesitate, buy in and close your positions immediately. The sooner we close them, the less we’ll lose,” Pacquiao said angrily.
Since Yang Chen had already made it clear, the other presidents no longer harbored any illusions and immediately agreed to close their short positions and temporarily leave the market to observe.
As a result, Wall Street funds immediately poured into the Singapore stock market, buying like crazy and even ending short selling by brokerages.
Anyone who trades stocks knows that buying in large quantities in a short period of time can cause a rapid rise in stock prices. Stocks that were shorted by Wall Street all surged. Sihai Investment had already been lying in wait and took advantage of this wave of Wall Street's rise to cash out and leave the market.
Ultimately, Wall Street lost over 150 billion Eagle Dollars on this short-selling attempt, while Four Seas Investments made 165 billion Eagle Dollars by going long.
Zhang Shi, president of Gaoling Capital, is well-informed and immediately posted a message on Weibo.
"The battle report is out! According to data from industry brokerages, Wall Street couldn't beat Yang Chen and has already closed out its short positions, suffering a huge loss of 153 billion Eagle Dollars. Sihai Investment has also closed out its positions, making a total profit of 165 billion Eagle Dollars. It's still Boss Yang who's the best; Wall Street can only be harvested in front of Yang Chen."
Soon, netizens left comments.
"Mr. Yang is really awesome. Wall Street has become a laughing stock."
"This isn't the first time Wall Street has been fleeced by Mr. Yang; they're probably used to it by now."
"Mr. Yang's investment skills are truly remarkable, having made so much money in just a few days."
"Wall Street made such a high-profile announcement of shorting Singapore and even lied to reporters, only to be scared off by Mr. Yang's long position and leave early. They've truly embarrassed themselves on a global scale. Haha..."
……
Sihai Investments was a great help, and Lee Youlong, the head of Singapore's financial sector, personally called Yang Chen to express his gratitude.
“Mr. Yang, thank you for helping us deal with Wall Street’s short selling despite past grievances. We express our sincerest apologies for the previous cargo ship incident and hope you can forgive us,” Li Youlong said very politely.
Yang Chen smiled and said, "No need to thank me, we've made money by going long too."
Li Youlong laughed heartily and said, “Mr. Yang, you’re too kind. We are truly grateful to you. You could have joined Wall Street in shorting us and making money, but you didn’t. Your magnanimity is admirable. On behalf of Singapore, I must express my gratitude to you and formally apologize for the cargo ship incident. I assure you that such an incident will never happen again. Please trust us and give us a chance to prove ourselves.”
Li Youlong's politeness made Yang Chen feel a little embarrassed. "I believe you definitely won't do such a thing again. I have some things to do here, so I won't continue talking to Mr. Li," Yang Chen said.
That's not the case!
With the canal construction starting soon and sufficient funding guaranteed, it could be officially opened to navigation in six months at most. After that, the Strait of Malacca would be rendered useless, and cargo ships from China would no longer pass through the Strait of Malacca. So Yang Chen said they would definitely not do such a thing again, not because Yang Chen really believed Li Youlong's nonsense.
Li Youlong laughed heartily and quickly said, "Okay, okay, Mr. Yang, you're busy. I won't bother you any longer."
Li Youlong hung up the phone and immediately went to report to his superior, who smiled happily after hearing the report.
"That's good, that puts my mind at ease. I was particularly worried that Yang Chen would retaliate against us, but now it seems my worries were completely unnecessary," the leader said.
Li Youlong smiled and said, "The leader is right, our worries are unnecessary. After all, we have a very good relationship with China, and many wealthy Chinese have immigrated here. The last incident was just a minor episode and it's impossible for it to really affect our relationship with China. As long as there are no problems in our bilateral relations, Yang Chen would never do anything to damage them."
The leader nodded in strong agreement, and I finally felt relieved.
It can only be said that they don't understand Yang Chen's temperament at all, and it's ridiculous that they have such unrealistic fantasies.
If Yang Chen doesn't retaliate when someone bullies him, is he still Yang Chen?
What's the point of all the money he's earned, the status and position he's gained?
Zhao Jing, president of Sihai Investment, called Yang Chen and reported: "Chairman Yang, Wall Street has liquidated its positions, and we have also cleared our positions. We have made a total profit of a little over 152 billion Eagle Dollars, while Wall Street is expected to lose around 150 billion Eagle Dollars."
Yang Chen laughed and said, "Haha...Great! Let's withdraw some funds first, and then immediately short sell. We'll short sell as much as we can. Besides the stock market, we can short sell the futures market, foreign exchange, bonds, etc. Stocks and foreign exchange are all falling. I'm going to make sure Singapore never forgets this lesson."
Zhao Jing quickly replied, "Understood! I'll take care of it right away!"
Yang Chen hung up the phone and said with a smile to Hong Kun and Su Mingcha, who were accompanying him, "Do you two generals play the stock market?"
Hong Kun immediately said, "Let's play a little. What, Mr. Yang, do you want to take us to play the stock market? I heard you're an investment guru, we're sure to make a lot of money if we follow you."
Su Mingcha quickly added, "Mr. Yang, please guide us in playing the stock market. I also want to earn some extra money to support my family."
Yang Chen laughed heartily and said, "Then you should short the Singapore stock market. Be quick, you must get it done before the market closes today."
Hong Kun said, "Oh? So urgent! Okay, I'll have someone arrange it right away."
Su Mingcha quickly added, "I'll have someone take care of it right away."
The two generals had a professional financial team, and they quickly succeeded in shorting Singapore National Port Transport Group, New Sea Shipping Group, and others.
All the short-selling work is done; it's time to announce the main event.
At this moment, Yang Chen was inspecting the Taiguo Bay Canal route. The unmanned combat battalion base within Jianpuzhai has been selected and construction has begun.
The unmanned combat battalion bases on both sides of the Taiguo Bay Canal have been finalized and will soon be under construction.
Xingchen Military Industry Group has already prepared more than half of the required unmanned equipment, and the remaining half is being produced urgently, which is expected to be completed within half a month.
The preparations are complete; it's time to move on to the next step.
"Xiao Jing, it's time to move!"
Zhao Jing quickly replied, "Understood!"
Sihai Investment immediately began shorting Singapore's stock market, futures market, foreign exchange, and bonds, determined to make them truly feel the pain and despair of the market.
Once Sihai Investment had completed its short-selling strategy, Yang Chen ordered Guo Hu, president of Xingchen Military Industry, to announce the canal project and simultaneously contact Jianpuzhai and Taiguo for confirmation.
Xingchen Military Industry was the first to issue an announcement.
"Mr. Yang Chen pursues the principle of mutual benefit and win-win when dealing with partners around the world. As long as the other party does things in accordance with the rules, even if they defeat Mr. Yang Chen, he will applaud the opponent. Mr. Yang Chen particularly dislikes people and countries that do not abide by the rules, and he will definitely retaliate severely when he encounters such people and countries."
"Sihai Mobile, Xingchen Auto, and Xingchen Energy operate legally worldwide. However, in order to raise Sihai Grain & Oil prices and protect Golden Dragon Fish's market share in China, Singapore has resorted to the despicable tactic of preventing these companies' cargo ships from passing through the Strait of Malacca. Furthermore, in an attempt to force Mr. Yang Chen to comply, they have also banned cargo ships from companies such as Biyadi, China National Petroleum Corporation, and China Petrochemical Corporation from passing through the Strait of Malacca. We resolutely oppose such rule-breaking and despicable behavior and will definitely take strong retaliation."
“When a maritime passage is controlled by a few countries, who arbitrarily break the rules and prohibit legitimate merchant ships from other countries from passing through, then that passage becomes unnecessary. Xingchen Military Industry is willing to take the lead in creating a safer, more reliable, cheaper, and more convenient maritime passage for all countries in East and South Asia. Xingchen Military Industry will invest no less than 400 billion US dollars to build the Jianpuzhai Canal and the Thai Gulf Canal, opening up a canal connecting the Lancang-Mekong River through Phnom Penh Port to Kep Port, and simultaneously opening up the Thai Gulf and the Indian Ocean through the Thai Gulf Canal.”
"From now on, cargo ships from East Asia and parts of South Asia will no longer need to pass through the Strait of Malacca. They can enter the Gulf of Thailand via the Thai Gulf Canal and then travel north, saving thousands of kilometers. Cargo ships from China can enter Baima Port via the Thai Gulf Canal and travel north to Guanlei Port in southern Yunnan, saving thousands of kilometers of voyage. From now on, Yunnan, Guizhou, Sichuan, Shaanxi, Gansu, Ningxia, Qinghai and Tibet will have access to the sea. These regions can build enterprises to produce products and export them to Europe and other regions via the canal."
"This may harm the interests of a few countries, but it is entirely legal, and we will not stop the project because of the opposition of a few countries. It benefits the present and future generations!"
Both the village of Jianpu and the Thai government immediately held a press conference to confirm the news.
Following that, Sihai Investment also issued an announcement.
"When the Jianpuzhai Canal and the Taiguowan Canal are completed, the traffic volume in the Strait of Malacca will decrease by more than 90%, and Singapore's good days relying on tolls and entrepot trade will be over. Without these revenues, an island nation's economy will inevitably fall into difficulties. Therefore, from a professional perspective, we predict that Singapore's stock market, futures market, bonds, and foreign exchange will all collapse. So, we must short Singapore!"
The announcements from Xingchen Military Industry and Sihai Investment were like two Tsar Bomba hydrogen bombs exploding, instantly shaking the world. (End of Chapter)
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