I have a debt of 3 trillion, and my creditors are begging me not to die.

Glencore was eager to get Yang Chen and Qingshan Group to compensate them with mineral resources. The next day, they transferred 392 billion Eagle Dollars into the exchange account and demanded that Sihai Investment and Qingshan Group deliver 40 tons of standard-compliant electrolytic nickel to the exchange warehouse for acceptance.

The exchange immediately sent delivery notices to Sihai Investment and Qingshan Group. Both Sihai Investment and Qingshan Group replied that they would complete the preparation of goods within 36-48 hours and accept the acceptance.

No further action is needed for nickel futures; simply wait patiently for all the goods to arrive and then accept the delivery.

However, Glencore's share price still has considerable room for manipulation.

Before Yang Chen shorted Glencore, its share price was 310 pence, or £3.1, and its total market capitalization was 3.6859 trillion pence, or £368.59 billion.

Glencore's current share price is £1.56, and its market capitalization is £185.484 billion.

Yang Chen had Sihai Investment release another short-selling report, which accelerated Glencore's stock price decline.

This short-selling report is quite simple, mainly divided into six parts.

First, Sihai Investment has purchased 20 tons of nickel from Xingchen Mining at a price of 8000 Eagle Dollars per ton, which meets the delivery requirements.

Secondly, through purchasing and self-processing, Qingshan Group also raised 20 tons of nickel that met delivery requirements at an average price of 7800 Eagle Dollars per ton.

Third, Xingchen Mining discovered a super-large nickel mine in Er Mao Jia and purchased several nickel mines in Indonesia from Qingshan Group at extremely low prices.

Star Mining currently controls enough nickel mines to supply all of humanity for 30 years. In order to promote the healthy development of new energy-related industries, Star Mining will do its best to maintain the price of nickel at 8000-10000 Eagle Dollars per ton.

Fourth, Glencore purchased 9.8 tons of nickel at a price of 40 pesos per ton, while the spot market price was only 8000 pesos per ton. The company expects to lose more than 360 billion pesos, while Glencore's net profit last year was 170 billion pesos. This means that the company lost two years' worth of net profit in this futures operation.

Fifth, this futures transaction reveals that Glencore's management has very limited capabilities and is unable to make timely adjustments based on market changes. We have serious doubts about the company's future operations and profitability.

Sixth, since the company claims it doesn't care about the stock price falling, our company will continue to short Glencore's stock. We advise all shareholders of the company to flee as quickly as possible. The faster you flee, the smaller your losses will be; the slower you flee, the greater your losses will be.

After the announcement was released, Glencore's stock price plummeted rapidly, falling below £1 in just half an hour.

Anyone who plays the stock market knows that the worst thing for stocks is a crash that triggers a sell-off, where retail investors sell at any price. Even if institutions want to push the price up, they can't withstand the selling pressure, and in the end, they can only turn to short selling.

At this point, Glencore's stock experienced a stampede effect, with retail and institutional investors fleeing at any cost, terrified by the short-selling report from Sihai Investment.

Glencore's major shareholders previously believed they could acquire nickel mines from Qingshan Group, so they were willing to accept losses in the share price, and naturally, more profits would lead to higher dividends.

However, both Sihai Investment and Qingshan Group have prepared nickel that can be delivered. Glencore will lose more than 360 billion Eagle Dollars in this operation. Even if it maintains its current performance, it will take two years of net profit to make up for these losses, so forget about dividends.

If dividends disappear and the stock price drops to zero, shareholders won't be able to handle it.

As a result, some major shareholders have urged Glencore CEO Lopez to immediately contact the stock exchange and demand that Sihai Investment and Qingshan Group settle the transaction in cash.

Lopez immediately reassured everyone, "Don't be scared by their false report. It's impossible for them to have 40 tons of electrolytic nickel. I've contacted Er Mao's side, and they said there's no such large quantity of nickel ore. Yang Chen is just trying to play a final psychological game with us, inducing us to choose cash settlement. You should trust our investigation results and not be easily intimidated by him. This time, we must control the global nickel market and stop China's new energy vehicle industry from continuing to develop so rapidly."

Although many shareholders still felt that cash settlement was a safer option, more shareholders supported continuing to have Sihai Investment and Qingshan Group settle in kind.

Therefore, they still chose to inspect the goods.

Er Mao's family head called Yang Chen.

"Mr. Yang, what's going on? You've discovered nickel ore again at the mine we gave you?"

"Yes! We originally wanted to determine roughly how much gold and other minerals were still exploitable so we could make a budget. But unexpectedly, we discovered nickel deposits around and below the gold mine."

"Mr. Yang, you're incredibly lucky. We're not so fortunate; we didn't even discover any nickel ore."

"We found out it's the same way, so we'll give you a big red envelope at the end of the year. You know what I mean."

"Haha... I understand, I understand. Alright then, I won't bother Mr. Yang any longer. Congratulations on your successful counterattack against Glencore."

"Happy together, rejoice together."

"Ha ha……"

Just as Yang Chen expected, he could get away with it by giving him a little money.

Two days later, all the nickel arrived.

The inspection team sent by the exchange conducted a thorough inspection of the nickel provided by Sihai Investment and Qingshan Group early in the morning, and the inspection team sent by Glencore also conducted an inspection.

As expected, the nickel supplied by Sihai Investment and Qingshan Group passed the acceptance test.

When Glencore CEO Lopez received the notification, he felt as if he had been struck by lightning.

It took him a while to come to his senses, and then he called Er Mao's boss.

"Didn't you say you didn't sell them that much nickel ore? Why did they mine and process tens of thousands of tons of nickel from you? You lied to me!" Lopez said angrily.

Er Mao replied, "I'm not lying to you, the mine we sold to them didn't have that much nickel ore. But they discovered a large amount of nickel ore around those mines, which I didn't expect."

Lopez: "..."

Er Mao continued, "It's really not that I'm lying to you on purpose, it's just unexpected."

“I just don’t understand? If there are nickel mines around those mines, why didn’t you discover them when you were mining them?” Lopez questioned.

Er Mao immediately explained, "You asked me, and I also want to know why I didn't find it. If I had found it, I would definitely have sold it for a higher price. Forget it, you can't beat him, just admit defeat. Bye."

Lopez slammed the phone on the table in anger; he felt like the sky had fallen. Sihai Investment and Qingshan Group immediately applied to the London Stock Exchange to complete the transaction, transferring funds to their respective accounts and notifying Glencore to arrange delivery.

At this point, Glencore had already backed down. They immediately applied to the exchange to void their contracts with Sihai Investment and Qingshan Group. As compensation, Glencore could compensate Sihai Investment and Qingshan Group 10 billion Eagle Dollars each.

The exchange immediately notified Four Seas Investment and Qingshan Group of Glencore's request, and both companies explicitly rejected Glencore's request.

The nickel used for delivery has passed inspection, and the exchange should determine the completion of delivery in accordance with regulations. The funds should be transferred to Sihai Investment and Qingshan Group, and Glencore should be required to arrange for delivery.

Europeans will certainly side with Europeans, so the London Stock Exchange immediately organized negotiations among the three parties to find a solution acceptable to both sides.

This infuriated Yang Chen. "Damn it, are you kidding me?"

Glencore's money has entered the escrow account, and the nickel prepared by Sihai Investment and Qingshan Group has passed inspection. Now they say they need to find a mutually acceptable solution for the transaction. A makeshift team can't play like this.

Sihai Investment and Qingshan Group issued announcements at the same time, with identical content, only differing in their official seals and headers.

There are two main points.

First, Glencore's funds entered the regulatory account, and the nickel prepared by Sihai Investment and Qingshan Group passed the inspection. The London Stock Exchange must unconditionally complete the delivery of the long and short contracts.

Second, Sihai Investment and Qingshan Group will not agree to negotiate other delivery methods, so Glencore must take on these 40 tons of nickel.

The announcements from Sihai Investment and Qingshan Group have sparked heated discussions among netizens from various countries.

A Chinese netizen commented: "With Mr. Yang around, there are no surprises. No matter how things start or go, Mr. Yang will definitely win. Wasn't Glencore very arrogant before? They didn't care about the stock price falling and demanded physical delivery from Qingshan Group. Now that the physical delivery is ready, why are they reneging? Are all foreigners so unreliable? Swiss guys, come out and talk. Weren't you very arrogant before? The beacon of the Western world, is this all you've got?"
A German netizen commented: "I knew Yang Chen's seemingly outrageous actions had a reason. Now I finally understand what happened. Turns out he had a trump card, just waiting for Glencore to fall for it. The capital market is so cruel. Just a few days ago he was confident he could control his opponent, and now he's resorting to trickery, begging for mercy. Don't be like Glencore."

A netizen from the "Sand Kingdom" commented: "When Glencore was confident of winning, Qingshan Group applied for cash settlement, but they absolutely refused, insisting on physical delivery or compensation with Indonesian nickel ore. Now that they've lost, they want Yang Chen to discuss alternative settlement methods with them. How can they have the nerve to do that? Is this the character of 'Western Light'? It's ridiculous. I support Mr. Yang's stance of not negotiating alternative settlement methods; Glencore must be forced to acquire these 40 tons of nickel at a high price."

Netizen "Er Mao" commented: "Yang Chen must thank us. If it weren't for the discovery of a super nickel mine we provided, how could he have turned defeat into victory? Hopefully, he can give us a raise, or even a bonus. He earned 180 billion Eagle Dollars; it's not unreasonable for him to give out 10 billion Eagle Dollars as a bonus, right?"

A netizen from Bald Eagle commented: "They're hopeless. The entire Western world pinned their hopes on Glencore, hoping they could beat Yang Chen once. They had such a good start, yet they still lost in the end, and the worst part is they tried to cheat after losing. It's truly ridiculous. I just don't understand, why does Yang Chen always win? Does God have to descend to earth to beat him even once?"
Despite the world's ridicule of the London Stock Exchange for its unprofessionalism and Glencore's alleged cheating after losing, the London Stock Exchange insisted on convening a four-way meeting with Glencore, Four Seas Investment, and Qingshan Group.

This really angered Yang Chen. Damn it, they're so ungrateful!

Yang Chen immediately called Yu Fujia, the person in charge of Xiangjiang Stock Exchange Co., Ltd.

When the call connected, Yang Chen introduced himself, and the two exchanged pleasantries before getting down to business.

"I'd like to acquire a stake in the Hong Kong Stock Exchange and then use it to acquire the London Stock Exchange. I wonder if Mr. Yu could help me with that?"

"Huh? Chairman Yang wants to acquire the London Stock Exchange? That's an incredibly audacious idea, a bit scary. They might not agree to sell!"

“Capitalist countries don’t have any ideals or ambitions. As long as you give them enough money, they will definitely succeed. If I were to acquire it directly as an individual, they definitely wouldn’t agree. So, I’ll acquire it through the Hong Kong Stock Exchange, which will increase my chances of success. You help me negotiate, and once we’ve reached an agreement, I’ll invest in the Hong Kong Stock Exchange and use my investment to buy the London Stock Exchange.”

"Chairman Yang was angry that they insisted you settle with Glencore, so he acquired the company so we could have the final say. Is that right?"

"Yes! That's exactly what I'm thinking! If you can't make the decision, I'll talk to the Securities and Futures Commission. In short, I'm determined to acquire the London Stock Exchange, and nobody can stop me."

Yu Fujia remained silent for a moment, then said, "Here's what we'll do, Chairman Yang. Could you contact the China Securities Regulatory Commission and ask them to call me to confirm if it's feasible? Then I'll communicate with the London Stock Exchange. If the London Stock Exchange is willing to sell, I'll convene a meeting with the shareholders to discuss it further."

Yang Chen replied, "Okay! Then wait for my call."

Yang Chen couldn't stand this nonsense and didn't want to waste a second. He immediately called the China Securities Regulatory Commission to explain his thoughts.

As one of the world's leading exchanges, it would certainly be a good thing if the London Stock Exchange could be controlled by Chinese people, so the Securities and Futures Commission will definitely give it its full support.

Soon after, Yu Fujia received a call from the China Securities Regulatory Commission (CSRC), asking him to do everything in his power to facilitate the acquisition of the London Stock Exchange.

The London Stock Exchange Group is not an English company; its chairman, Donnie Roberts, and CEO, David Smith, are both British.

The largest shareholder is Qatar Investment Corporation, the second largest shareholder is BlackRock, the third largest shareholder is Bald Eagle Asset Management, and the fourth largest shareholder is English Asset Management.

Therefore, judging from the management and shareholder situation, London Stock Exchange Group is more like a bald eagle company.

While it remains to be seen whether the deal will succeed, it is foreseeable that Wall Street's approval will be necessary to bring this merger to fruition.

Therefore, in the end, it is highly likely that Yang Chen himself will need to step in and negotiate with BlackRock and other companies to have a chance to make this deal happen.

Yu Fujia called Donnie Robert, chairman of the London Stock Exchange Group.

After some pleasantries, Yu Fu got down to business.

"We want to acquire the London Stock Exchange Group and hope Mr. Robert can help us make it happen. We will reward you handsomely if it is successful."

Robert's reaction was the same as Yu Fujia's when he heard Yang Chen say he wanted to acquire the London Stock Exchange. He said in shock, "Are you kidding me? You want to acquire the London Stock Exchange? Why would you have such an idea?"

Yu Fujia said with a smile, "We want to further internationalize and better integrate the Hong Kong Stock Exchange with the world. As long as things go smoothly, funding is negotiable."

Donnie Robert replied, "I'm a little stunned. Let me calm down. Haha... You guys actually want to acquire the London Stock Exchange? It's true what they say, fortunes change every thirty years."

"Haha... Times are changing. We all need to face reality," Yu Fujia said with a smile.

Donnie Roberts laughed heartily and said, "You're right, we all have to face reality. Here's what we'll do: I'll call a shareholders' meeting to discuss this, and I'll let you know when the results are in."

"No problem! I'll wait for your call. Thank you." Yu Fujia replied with a smile. (End of Chapter)