I'm in the county town, and you say I'm a big shot?

Chapter 228 Check your messages in two days.
Sure enough, after fishing for a while, Shi Guangrong asked, "Have you seen the interview report about my classmate Zhao Yanjing from a few days ago?"

"I read it, and it's well said."

"Good?"

"Yes, doesn't it look like the 'News Broadcast' at 7 pm every night?"

Shi Guangrong listened and laughed helplessly. This guy could still be humorous now.

"As of yesterday, I had already suffered a 40% paper loss; 4000 million yuan is gone," Shi Guangrong said.

"Pretty much." Fang Qingye looked at the calm river and sighed, "I have to say, your classmate is ruthless enough to just throw money down the river."

"Regret it? Closing the position now can reduce your losses," Shi Guangrong said.

"Wrong." Fang Qingye shook her head: "I'll buy more."

"Buying more shares?"

"Yes, I've already replenished my positions, adding 3,000 lots of each."

"Holy crap! You're insane!" Shi Guangrong exclaimed. "You only have about 200 million yuan in funds, right? And you've bet 70% of it!"

"You can't live without being crazy or eccentric. Wasn't your classmate Zhao Yanjing crazy too?" Fang Qingye turned her head and glanced at him indifferently.
"What are the current prices of the two main cotton futures contracts? 15000 yuan per ton, but what is the actual cotton trading price? 16500 yuan per ton! Compared to the beginning of the month, it has risen instead of fallen! And when have you ever seen such a large divergence between the two?!"

“It is indeed rare, but some people in the market say that the actual price of cotton will drop soon,” Shi Guangrong said.

"Glory, you personally went to the cotton-growing areas to investigate last year. The cotton planting area has been declining, while the demand from cotton textile enterprises is strong. Why do you think cotton prices will fall?! I dare say, your classmate Zhao Yanjing is already panicking!"

Zhao Yanjing was indeed flustered.

He has invested nearly 20 billion yuan, but still has not been able to bring cotton futures prices down to the initially expected 14500 yuan.

He never expected the bulls' firepower to be so strong.

In his office in Lujiazui, Shanghai, Zhao Yanjing stared at the candlestick chart on his computer screen, his brows furrowed.

Zhao Yanjing never expected the situation to have developed to this point.

Feeling somewhat irritated, he loosened his tie, turned around, and asked the young man next to him who was staring at another computer screen.

"Wang Li, have any of them replied?"

Wang Li, his assistant and a graduate of the School of Finance at Renmin University, immediately replied respectfully upon hearing this: "President Zhao, they have all responded. Ye Qingjun did not interfere with the speculation of these two contracts from the beginning. Lin Guangmao, Ge Weidong, and Fu Haitang have all indicated that they will close their positions and withdraw."

Zhao Yanjing breathed a slight sigh of relief.

These people are all seasoned experts in the futures market, and almost all of them participated in this Zhengzhou cotton futures speculation! Moreover, they all went long.

"Is there anyone willing to short sell?" Zhao Yanjing pressed.

Wang Li hesitated for a moment, then shook his head.

"Damn it!" Zhao Yanjing couldn't help but curse.

Although he used his background and connections to force these people to withdraw from the cotton futures speculation and reduce his own pressure, he was powerless to change their minds.

"Mr. Zhao, it seems that your classmate, Shi Guangrong, is holding back." Wang Li added in a low voice.

"With his meager funds, he's just a small fry; there's no need to pay him any attention," Zhao Yanjing said dismissively.

"How are things going with Morgan Stanley and Citibank?"

"Their attitude was very firm."

"Has the China Securities Regulatory Commission not responded?" Zhao Yanjing asked again.

“They replied that they are monitoring the actions of investment banks like Citigroup and Morgan Stanley, but their transactions strictly comply with domestic laws, and they cannot openly stop them.”

"Damn! So outdated!"

He had miscalculated. He originally thought his opponents were experts in hype like Lin Guangmao, Ge Weidong, and Fu Haitang, and that he could defeat them with his own abilities, or resort to unconventional methods if necessary. But he never expected that foreign banks would also get involved this time.

"What about Huijin and CICC?" Zhao Yanjing asked again.

"They said they weren't interested."

"Damn it!" Zhao Yanjing couldn't help but curse again.

This is the third time he has said this word.

"That bastard is laughing at me." Zhao Yanjing suddenly stood up: "Wang Li, order the trader to invest another 1 billion!"

"President Zhao, this violates company regulations. Not only will President Liu disagree, but the Beijing headquarters will also hold you accountable!" Wang Li hurriedly advised.

"I have no way out!" Zhao Yanjing, losing his usual composure, roared almost frantically, "I must win this round! Otherwise, the 20 billion I've invested will be wasted! And I'll be finished! Listen to me, keep increasing the short selling pressure!"

Wang Li glanced at Zhao Yanjing silently, then hurriedly walked out.

Fang Qingye and Shi Guangrong also left Wujiazhuang and prepared to return to the county town.

Although it's only 3 PM, the sky has turned a hazy yellow at some point.

Fang Qingye saw the poplar trees by the riverbank, their withered yellow leaves beginning to sway slightly, and couldn't help but laugh and say, "What bad luck today, the wind's picking up."

"Yes, the wind is picking up," Shi Guangrong replied.

"The market's closed. I've already lost 7000 million. If I keep losing, I'll be wiped out and ruined," Shi Guangrong said.

"Who do you think you are? I've already lost almost a hundred million, so should I jump into this Jiao River?" Fang Qingye retorted.

Shi Guangrong burst into laughter upon hearing this.

"Are you willing?"

"Of course I'm reluctant. I'm still young, I haven't lived enough yet." After saying that, Fang Qingye patted Shi Guangrong on the shoulder: "What are you worried about? Didn't you look at the market? The battle between the bulls and bears has reached a stalemate. The choice between going up or down will be decided in the next couple of days!"

"Then why do you think it will rise?" Shi Guangrong pressed.

"Is the weather changing even though there's no wind? Check the news in a couple of days."

"What news?" Shi Guangrong pressed.

"Shocking news. Let's go back to the city." Fang Qingye said, getting into his Mercedes.

Shi Guangrong returned to Nanxin County, ate a meal, and immediately went back to Shanghai. Before leaving, he said he would also replenish the grain reserves when he got back.

"If we're going to die, we'll die together. I, Shi Guangrong, may not be very capable, but I keep my word."

Fang Qingye smiled and said nothing.

The next two days were the weekend, during which futures trading was closed, but anxiety still permeated the cotton futures market.

On Sunday noon, Fang Qingye was helping to clear weeds in the nursery when her QQ phone suddenly rang, indicating that someone had invited her to a voice chat.

He took it out and saw that it was an invitation from a girl from Dongguan.

I usually chat with Huang Tao from Dongguan, mostly using text. What happened today? She used voice messages.
Fang Qingye washed her hands before pressing the answer button, and heard Huang Tao's anxious voice: "Husband, Zhao Yanjing has gone mad. I called him this morning, but he wouldn't listen at all. He even said he would raise funds to continue shorting the market and wouldn't give up until he achieved his goal."

"I reckon he's in a bind now," Fang Qingye said with a smile.

“Yes, if he loses too much money, he will definitely be dismissed,” Huang Tao said.

"It's definitely better to have a permanent position. If they lose money, at most they'll be dismissed. Anyway, it's not their own money they're losing. But if we lose money, we'll jump into the river!" Fang Qingye said calmly.

"Wow?! You can really dance!"

"How could that be? Don't worry, we'll hear from you tomorrow!" Fang Qingye said.

(End of this chapter)