The Great Sage Returns from Ten Years of Imprisonment
Chapter 256 Preparations for a Protracted Struggle
Just as Leilei said, after leaving the villa, Lingyun took a car and went straight to Fuyou Street.
As the convoy was moving, Chairman Zhao called and briefly explained the first round of negotiations with Goldman Sachs and Barclays.
The negotiation resulted in no outcome.
Things unfolded almost exactly as Ling Yun had predicted.
Goldman Sachs and Barclays claimed that their respective headquarters were analyzing the entire process of this stock index options betting and carefully studying the betting agreement, but made no mention of compensation.
However, their attitude is basically clear: they are prepared to default on their debt and not pay this huge sum of compensation.
Even if you can't deny everything, you should at least deny most of it.
Unfortunately, with the HKMA Chief Executive and the SFC Chairman present, it wouldn't be so easy for Goldman Sachs and Barclays to renege on their debts.
Director Ren and Chairman Fang made it clear that Goldman Sachs and Barclays must abide by the betting agreement and pay all amounts in full!
Otherwise, the Hong Kong Monetary Authority and the Securities and Futures Commission will perform their supervisory duties in accordance with the supplementary agreement.
Seeing the clear stance of the Hong Kong Monetary Authority and the Securities and Futures Commission, Irwin and the Barclays branch manager had no choice but to adjust their response strategy, saying they needed to go back and report to headquarters.
The first negotiation ended in this way, with the three parties parting on bad terms!
After listening to Chairman Zhao's introduction, Ling Yun smiled calmly and did not take the negotiation result seriously.
"This is to be expected. This is the usual style of Goldman Sachs and Barclays. They don't want their stock to crash, or even the company to go bankrupt, so they have no choice but to do this!"
"As I said before, winning the bet is only the first step. The debt collection process that follows is even more exciting. This battle is going to be long and could last for several years."
"We must develop a practical debt collection plan, prepare for a long-term struggle, and fight a protracted war with Goldman Sachs and Barclays."
"Let's try diplomacy first, then force. We'll negotiate with Goldman Sachs and Barclays. If they're determined to default, we'll launch a surprise attack on the financial markets until we subdue them!"
Hearing his confident and resolute tone, Chairman Zhao felt much more at ease.
"Hahaha, that's so inspiring! If Goldman Sachs and Barclays completely abandon their pretense of civility, we'll teach those damn foreign devils a lesson!"
"To be honest, I actually kind of hope that Goldman Sachs and Barclays will default on their debts, so that we can have a legitimate reason to retaliate!"
"Under your brilliant command, we dare to challenge even top financial institutions like Goldman Sachs and Barclays!"
They chatted for a while before ending the call.
Before long, the convoy arrived smoothly at Fuyou Street.
After verifying his identity and passing through security smoothly, Lingyun's car slowly drove into the west gate of Haizi.
At this moment, Deputy Director Zhang had arrived inside the West Gate.
After exchanging greetings, Ling Yun moved into his car and drove towards the depths of the lake.
As they walked, Deputy Director Zhang said in a low voice:
"This market crash, triggered by a super black swan event, has severely damaged the entire international financial market, resulting in a market capitalization loss of over $3.5 trillion."
"If the financial markets in Europe and the United States continue to plummet, the losses will continue to expand, and could very well exceed five trillion US dollars. This loss is staggering."
Ling Yun turned to look at Deputy Director Zhang and nodded with a smile.
"The plunge in European and American financial markets will continue from now until early tomorrow morning, especially in the US stock market, where the decline is likely to be even more dramatic than yesterday!"
"The losses caused by this round of crashes globally will certainly exceed five trillion US dollars, and it will also destroy many financial institutions."
"hiss!"
Deputy Director Zhang gasped and couldn't help but utter a few words of reflection.
"This kind of financial game is not for ordinary people; it can easily lead to financial ruin."
"Your previous reminder was correct. In our country, we must put a stop to financial investment; we absolutely cannot allow it to grow unchecked!"
Ling Yun nodded firmly and chimed in with a few words of agreement.
"That's right, especially high-risk financial derivatives, which must be strictly controlled, otherwise they will inevitably create a financial bubble."
"For example, the stock index options betting we played this time could have losses magnified to an unlimited extent. And the catalyst that triggered this global financial crisis was the CDS contract!"
"Given the maturity and size of our country's financial market, we are not yet ready to develop or introduce these types of financial derivatives..."
After chatting for a few more minutes, Deputy Director Zhang took the initiative to change the subject.
"It's now certain that Lewis has been abandoned by Goldman Sachs CEO Lloyd; to be more precise, he's been made a scapegoat!"
"Because of his involvement in stock index options betting, this guy lost everything overnight and owes JPMorgan Chase over $400 million. Returning to New York means certain death!"
"And those industrial spies that Goldman Sachs has recruited in China—relevant departments have identified them and collected enough evidence to make their move at any time!"
Ling Yun nodded slightly and gave a disdainful sneer.
"This is what they call reaping what you sow. That scumbag Lewis tried to make a fortune, but ended up losing his life!"
"As for those short-sighted corporate spies, it's not too late to take them down when the negotiations between Yuanda Group and Goldman Sachs and Barclays reach a critical stage!"
As they were talking, their car arrived near the small conference room by the lake.
After the car came to a stop, Ling Yun and Deputy Director Zhang got out one after the other and walked into the familiar conference room together.
At this moment, Director Li from the State-owned Assets Supervision and Administration Commission and his colleagues had arrived and were chatting enthusiastically while drinking tea.
The topic of conversation was the current sharp decline in the international financial markets.
The main person in this small meeting, Vice President Wang, hasn't arrived yet, so the meeting hasn't started!
As Ling Yun entered the conference room, everyone looked over.
Because of the series of events that happened yesterday and today, people are looking at him with more admiration, as well as undisguised curiosity and amazement.
Director Li and Chairman Lou, who were most familiar with him, raised their hands to greet him without prior arrangement.
"Xiao Ling, come sit here. Let me tell you about the Yuanda Group's bet on stock index options with Goldman Sachs and Barclays."
"Everyone is talking about this; no one knows more about this high-stakes bet that has rocked the international financial markets than you."
Ling Yun smiled and nodded, responding politely:
"Okay, I'll be right there."
After saying that, he walked straight toward Director Li and the others.
The other people in the conference room also stood up from their seats and followed.
Those who participated in today's meeting were mostly from the economic and financial system.
Everyone is very interested in this crazy bet that has shocked the entire international financial market and wants to know more about it.
Now that such an opportunity is available, everyone naturally doesn't want to miss it.
In just a few steps, Ling Yun arrived at the location of Director Li and the others.
He first politely greeted everyone, then pulled out a chair and sat down.
As soon as they sat down, the director of the Financial and Economic Affairs Committee of the National People's Congress spoke first.
"Xiao Ling, I just heard from Director Li that you were the one who planned and orchestrated this incredible bet between Yuanda Group and Goldman Sachs and Barclays. It's truly astonishing!"
"Tell me, why did you orchestrate this extremely risky stock index options bet? And what makes you so certain that the US stock market will crash after the government's bailout plan is passed?"
Ling Yun looked at this big shot and nodded politely.
"Hello, Director Shi, since everyone is interested in this matter, let me give you a brief overview."
"My initial plan to launch this stock index options betting scheme was based on two factors: changes in the fundamentals of the international financial market and market sentiment..."
Next, he delivered the prepared speech he had already prepared.
The topic of today's meeting is to discuss and formulate a plan to recover debts from Goldman Sachs and Barclays.
Everyone who participated in the meeting had a general understanding of the stock index options betting situation.
In this situation, there is naturally no issue of confidentiality or leakage.
Even so, as Ling Yun explained, everyone felt their eyes were opened and they were full of amazement.
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