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

Chapter 518 A Third-Rate Family, a Lying Habitual Third-Rate Tabloid: The True News Published

"I've heard of him. He's a futures trading expert who's emerged in mainland China in the last two years. I've heard he's never made a mistake in his trades," Hang Silang said.

"Yes. So I want to ask you, where did you get this information from?" Ouyang Shaoqiang pressed again.

World News Weekly

Seeing Hang Silang solemnly recite the newspaper's name, Ouyang Shaoqiang couldn't help but blurt out another vulgar curse.

"Grass!"

Despite its prestigious name, World News Weekly is actually a third-rate American tabloid. Founded in 1979, it is known for reporting fabricated fake news.

The content is mostly supernatural or political satire, such as fiction, outlandish stories like Hillary Clinton adopting an alien or Obama having contact with aliens.

But this time, Hang Silang changed his playful and joking demeanor and became very serious.

"The newspaper's online edition published a conversation between Bernanke and Lloyd Blankfein during afternoon tea at a Wall Street coffee shop, during which Bernanke said this."

Who is Lloyd Blankfee?
The current Chairman and CEO of Goldman Sachs!

It's nothing new for this financial tycoon to have afternoon tea with the Federal Reserve Chairman.

But did Bernanke really say that?
And how did this news get found out by a reporter from a third-rate newspaper?
Ouyang Shaoqiang looked at Hang Silang with suspicion.

"Don't look at me like that." Hang Silang shrugged habitually. "I've said it before, the news in the financial and securities market is a mix of truth and falsehood. Maybe even the World News Weekly, which is full of lies, will tell the truth once?"

Hang Silang's words were meaningful, and Ouyang Shaoqiang fell into deep thought once again.

While Ouyang Shaoqiang was having afternoon tea with his colleagues, Fang Qingye and Shi Guangrong were also there, but instead of having tea, they were fishing by the Ruhai River.

Shi Guangrong arrived yesterday.

Every now and then, he would come to Nanxin to have tea and go fishing with Fang Qingye. Fang Qingye would laugh and say, "Since you like our county so much, why don't you just buy a house here? We still have a few townhouses left in the second phase of Lakeside Elegance, and we'll give you a discount."

Fang Qingye was just joking, but Shi Guangrong immediately bought a set.

That's fine, it'll help me get my funds back.

The weather wasn't too hot today; it was a cloudy day. The two sat on small stools, watching the movement of the fishing floats on the lake, chatting idly.

Not far away were two men, one smoking and the other playing on his phone; they were their driver and bodyguard.

"Hey, Glory, aren't you going to work with me this time? Are you afraid of losing money?" Fang Qingye asked him, half-jokingly and half-seriously.

"When have you ever lost money trading stocks and futures, Fang Qingye?" Shi Guangrong replied, then added, "I've made three or four billion yuan trading futures with you in the past two years, that's enough."

“I’m not like you, investing everywhere and spending all your money. Having so much cash in hand now might not be a good thing.”

Fang Qingye smiled and didn't say anything.

"You know what, I even donated 300 million yuan in my personal capacity when our hometown in Shandong Province was renovating the Confucius Temple a while ago," Shi Guangrong said.

"Huh? Are you interested in traditional Chinese culture, or do you want to bless your precious son to become a top scholar in the imperial examination?" Fang Qingye joked.

"Haha. No, that's not it. My family back home said everyone was donating, so I donated some too, just to put my mind at ease. Also, I donated 2000 million yuan to the Spring Bud Project to improve the education of girls in impoverished areas."

"Pretty good."

"I'd also like to invest some money, spend some cash, and still get a return," Shi Guangrong concluded. "You have a project?"

"Not yet, but new energy sources, including photovoltaics and wind power, are quite popular right now, and I'd like to invest in that area."

“Great, it would be best if the production base were located in our Nanxin.”

"Are you already attracting investment for your hometown?"

"Haha, of course."

In the afternoon, Shi Guangrong took a car directly back to Shanghai. In the evening, Fang Qingye brewed some tea and sat in her bedroom on the second floor of the nursery, opening her laptop.

A few days ago, he had instructed Li Li to convert all of his approximately US$1.1 million in Hang Seng Bank account into Japanese yen, just for tonight's operation.

The yen has depreciated significantly. At the beginning of the year, it was 86 yen to the dollar, but now it is 98.5 billion yen to the dollar.

This nearly 98.5 billion yen will all be invested in the Japanese futures market, with the target being the TOPIX index futures.

Fang Qingye opened the futures platform of Hong Kong Guotai Ping An and carefully observed the TOPIX index futures.

Today's daily candlestick chart shows a medium-sized positive candle, currently at 1194.5 points. Night trading is now underway.

TOPIX指数期货交易规则：每个合约单位代表TOPIX指数的10000倍。例如现在指数点位是1194.5点，那么如果要买一手合约总价值就是1194.5的1万倍，也就是1194.5万日元！
The margin requirement is 8%, meaning that purchasing one lot of TOPIX index futures requires 95.56 yen.

However, Fang Qingye did not intend to go long but rather short!

Without hesitation, I sold the TOPIX July 2013 main contract at 1190 points, and after deducting transaction fees, I sold a total of 10,000 lots!

Ignoring the warnings about the 20% futures position limit, Fang Qingye went all in!
OK!
The entire transaction took less than three minutes.

After finishing all this, Fang Qingye turned off the computer and left the small building, taking Wangcai out for a walk whenever she had free time.

The next morning, after Fang Qingye finished washing up, Yue Kai drove him to work at the bank. They didn't even eat breakfast at home; they went straight to the bank's cafeteria.

It's down-to-earth.

Just as Fang Qingye was leisurely driving to the Jinghai Bank headquarters building, thousands of miles away in Hong Kong, Ouyang Shaoqiang also set off from his bachelor apartment, driving his Crown car to the Guotai Junan Securities building.

In the car, he habitually tuned the car radio to FM 106.8 MHz, which is the TVB Financial News Channel, Hong Kong's only 24-hour financial news platform.

Ouyang Shaoqiang has a habit of listening to the latest financial news while driving to get first-hand information.

On the night of May 22, New York time, Federal Reserve Chairman Ben Bernanke appeared on Bloomberg Finance television to discuss the current state of the U.S. economy. He believes that as U.S. inflation continues and employment improves, it is possible to gradually reduce the scale of quantitative easing (QE) and taper its controversial large-scale asset purchase program.

"When asked for specific figures, Bernanke may reduce monthly bond purchases by $1200 billion."

Ouyang Shaoqiang was stunned when he heard the news on the radio.

Just like what Hang Silang said yesterday!
The World News Weekly, notorious for lying, actually reported the truth this time!

Ouyang Shaoqiang suddenly thought of Fang Qingye in the small county town in the interior. He wondered if Fang Qingye had heard the news.
Will they take any action?

Thinking about all this, he lost all interest in listening to the radio and sped up, eager to get to the stock exchange as soon as possible.

(End of this chapter)