The Great Sage Returns from Ten Years of Imprisonment
Chapter 170 No Mercy
At 5:30 p.m., Ling Yun drove out of Haizi and headed straight for the headquarters of China Investment Corporation.
About ten minutes later, several instructions came out of the lake and soon appeared on the desks of the heads of several state-owned financial institutions and departments.
These instructions all target the continuously plummeting international financial markets and offer different response strategies.
As for the specific details of these coping strategies and who came up with them, it is not something that can be revealed to outsiders; only a very few people know the details!
Upon arriving at the CIC headquarters, Ling Yun went first into the office area of the United Securities investment team and immediately called several investment directors and senior analysts into the office.
Once everyone was seated on the sofa, he immediately got straight to the point.
"Let's talk about the situation in the international financial markets. All the major European stock markets are open now. Are they going up or down?"
"Especially the financial sector; just like the previous few days, it will definitely lead the market today. And what about market sentiment?"
Several investment directors and senior analysts exchanged quick glances, their eyes shining with excitement.
The next moment, the investment director of CIC began to report the situation with great enthusiasm.
"Just as you predicted, the US Treasury's move to effectively nationalize AIG has only exacerbated panic in international financial markets!"
"After European stock markets opened in the afternoon, the sharp decline from yesterday continued, giving the market no chance to recover."
"The biggest decliners are naturally in the financial sector; currently, the financial sector in European stock markets has fallen by more than 5%..."
Next, he gave a brief introduction to the situation of the European financial market.
What he said can be summarized in just a few sentences.
Financial stocks continued to plummet, panic intensified, expectations of an economic recession deepened, and investors frantically sold off risky assets.
After he finished his introduction, Ling Yun smiled and nodded.
"As expected, the most exciting part is yet to come. The real climax will arrive when the US stock market opens tonight!"
"Based on the current trend, US stocks are bound to plummet tonight, especially the financial sector, which could see a drop of more than 10%!"
"Once the US financial sector falls by more than 10%, it's time for us to reap the profits. Don't hesitate then!"
Before he could finish speaking, everyone burst into laughter.
"Haha, don't worry, we won't hold back!"
"These days, everyone's been fleecing the international financial markets like moths to a flame; they've long since hardened their hearts to iron!"
While responding with smiles, everyone was eager to see what was happening.
Fifteen minutes later, the impromptu meeting ended, and the investment directors and senior analysts left the office together to go about their respective tasks.
Ten minutes later, Ling Yun came out of the office and went upstairs to the joint investment team's office area.
Upon entering his office upstairs, he casually pulled out his encrypted phone and made a call to Chairman Zhao of Yuanda Group, who was far away in Shanghai.
After the call connected and we exchanged greetings, he immediately asked:
"Chairman Zhao, what is the total amount of funds that the Yuanda team has invested in going long on international crude oil futures? What is the average cost of establishing the position?"
When asked about this, Chairman Zhao quickly gave an answer.
"After more than ten hours of continuous buying, our investment in this round of long positions has exceeded one hundred million US dollars, which is the largest investment to date."
"With 150x leverage and an average cost basis of $90.1, the investment has already generated over $460 million in profit. That's a bit frightening..."
After he finished explaining the situation, Ling Yun did not give an immediate response.
He glanced at the latest international oil price chart and the financial situation before smiling and saying:
"Well done, Chairman Zhao. International oil prices are very likely to surge by more than 5% tonight. You're going to make a fortune this time."
"Close half of your positions before 5 a.m. tomorrow, leaving only the other half to reap huge profits from the subsequent surge!"
"Please remember, tomorrow morning at 6:00 AM, after the New York Mercantile Exchange completes its settlement, you must immediately transfer all idle funds in these accounts back to China."
"If Goldman Sachs were to act as our counterparty this time, they could very well lose a fortune. Asking you to withdraw all your idle funds in advance is just to be safe..."
"hiss!"
Chairman Zhao gasped, then became so excited he was practically flying.
"Wow! That means we have to withdraw all idle funds in advance, lest those bastards at Goldman Sachs try to sabotage us off-market!"
"There's a good chance Goldman Sachs will collude with the NYSE to freeze funds in several of our accounts, and then find an excuse to confiscate them to make up for their losses."
"That's exactly what I mean. We must be wary of Goldman Sachs resorting to underhanded tactics."
Ling Yun nodded with a smile.
After finishing his call with Chairman Zhao, he quickly checked the international crude oil futures market and a number of newly released international financial news items.
Today's international oil price trend can be divided into two distinct phases.
Before 4 p.m., international oil prices hovered below $90, during which time there were signs of increased capital flight.
Judging from the market, international oil prices seem to be setting the stage for another sharp drop.
After 4 p.m., a series of positive news suddenly emerged from the international financial market.
First, the US dollar continued to weaken against the euro, followed by the release of international crude oil inventory data, which showed that the actual inventory gap was much larger than expected.
Coupled with other positive news, international oil prices finally began to rebound.
By 6 p.m., London Brent crude oil had broken through $93, and New York WTI crude oil futures prices quickly followed suit, with bullish funds entering the market at an accelerated pace.
Seeing this, Ling Yun laughed even more heartily.
Moreover, he knew in his heart that the real surge in international oil prices would begin after the US stock market opened tonight.
The price will continue to rise in the next two days, reaching its peak next Monday.
While we were busy, Director Fang and two investment directors from China Eastern Airlines and Shanghai Airlines knocked on the door and came into the office to report on the situation.
Upon seeing them, Lingyun pointed to a few chairs opposite the desk.
"Seeing your beaming faces, something good must have happened. Judging from the current trend of international oil prices, the investment departments of Shanghai Airlines and China Eastern Airlines should have made a lot of money!"
"Perhaps your two airlines can avenge the betrayal by Goldman Sachs without paying much, and even make a fortune in the process!"
Director Fang and the others exchanged smiles and nodded in unison.
"Judging from the market performance, our two airlines made a huge bet as bait this time, and who would have thought we'd be so lucky and actually made a lot of money!"
"I just don't know if they've lured Goldman Sachs into this mess. If we can really screw them over, we'd be happy even if we don't make a single penny!"
Upon hearing this, Ling Yun burst into laughter.
Immediately afterwards, he reassured Director Fang and his team.
"According to my information, Goldman Sachs' crude oil futures trading division has likely entered the fray, and is making significant moves."
"International oil prices have risen by more than $4 today. If Goldman Sachs dares to short the market on a large scale, this will be enough to make them feel the pinch for a while..."
Just then, Director Fang's phone rang.
Director Fang took out his phone, glanced at the caller ID, then got up, walked to the window, and answered the call.
In a short while, he finished the call and turned back to his desk.
Before he had even stood still, he excitedly said:
"It was Director Li's call. Just now, the CEO of Goldman Sachs' Shanghai branch contacted the negotiation team, hoping to start the second round of negotiations tomorrow morning."
"It's almost certain that Goldman Sachs is inclined to accept our termination terms, agreeing to terminate that treacherous fuel hedging agreement with a penalty of less than half the original amount!..."
Upon hearing this, Ling Yun immediately beamed with joy.
"Great! It's best to terminate this fuel hedging agreement as soon as possible. That way, I won't have so many reservations when dealing with Goldman Sachs!"
"Pfft!"
Director Fang and the others couldn't help but burst into laughter.
During this period of time, you have been relentlessly and frantically reaping profits in all sorts of ways. Who have you ever cared about?
Is this still not enough? Isn't it a bit too harsh and cruel?
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