The Great Sage Returns from Ten Years of Imprisonment

Seeing Rong Dong's flushed face, Ling Yun smiled calmly.

But once the arrow is released, there's no turning back. Instead of showing any restraint, he became even more ruthless.

"There's an even more critical issue here, which I don't quite understand: why did Mr. Zhang, the finance director of CITIC Pacific, dare to overstep his authority in this transaction? Who gave him the audacity?"

"Without the approval of Chairman Rong, this Chairman Zhang dared to personally lead this transaction, directly bypassing the core decision-making level!"

"It's truly baffling that something like this happened. This clearly shows a major problem with CITIC Pacific's risk control system; the authorization is practically non-existent!"

"Furthermore, I discovered that CITIC Pacific does not have a risk committee, and has not conducted stress tests or implemented stop-loss plans for the core risks of this contract, such as unlimited losses, high leverage, and long duration."

"Furthermore, there was the concealment. CITIC Pacific had already discovered the risks last month, but kept delaying until mid-to-late October when the huge losses actually occurred, and only then was it forced to report them..."

"hiss!"

Deputy Director Zhang and the others gasped again, feeling a chill run down their spines.

For the first time, Vice President Wang, whose face was always beaming with smiles, lost his smile and became serious!

Looking at Chairman Rong again, his face was as black as the bottom of a pot.

Anyone would lose face if they were slapped in the face in front of others. If you don't flip the table and explode on the spot, you are definitely a person with exceptional self-control!

Moreover, it was Chairman Rong who was humiliated on the spot, and everyone knows what kind of family he comes from.

The one who slapped him in the face was a guy who was only twenty-seven years old, and it wouldn't be an exaggeration to say that he was still wet behind the ears!

Who could have imagined such a scene?

Looking at Ling Yun again, he didn't seem to see Chairman Rong's dark face. He seemed to have a "what's the use" attitude and wanted to have some fun talking, so he continued to talk eloquently!

"Thirdly, their ignorance of financial derivatives allowed them to be secretly exploited by numerous international investment banks, resulting in a devastating profit-taking exploit."

"I can confirm that CITIC Pacific's management completely misunderstands the trap clauses of KODA, such as capped returns, unlimited losses, and double-down orders."

"They were probably deceived by the rhetoric of HSBC and other international investment banks, who promised 'buy Australian dollars at a discount and guaranteed profits,' which led them to excitedly sign the options contract and jump into the trap without hesitation."

"There's a fourth point: misjudging the trends in the global economy and financial markets, buying more shares against the trend in an attempt to average down the cost and buy at the bottom, only to end up filling bigger and bigger holes..."

Next, he listed a fifth error.

That is, blindly increasing leverage and then adding derivative leverage, which causes the risk to be magnified exponentially, eventually leading to a concentrated outbreak!

To this day, for every 0.01 US dollar drop in the Australian dollar exchange rate, CITIC Pacific's losses increase by HK$9400 million!

Once a critical point is crossed, the losses will multiply!

Which company could withstand such staggering losses? CITIC Pacific is no exception!

After listing the mistakes made by CITIC Pacific, Ling Yun went on to point out the many pitfalls of this Australian dollar cumulative option contract.

He was afraid that if he hesitated even slightly, Chairman Rong would flip the table and turn on him!

In that case, he wouldn't have had the chance to say those words.

The best way to handle this now is to completely expose the truth and force Chairman Rong and Chairman Wang to confront these issues head-on, leaving them no chance to escape!

As a result, every time Ling Yun mentioned a point or listed a trap, Rong Dong's face would darken even more!

Later on, Chairman Wang and Chairman Kong's faces grew increasingly dark!

Especially the hot-tempered Chairman Wang, who glared at Ling Yun with wide eyes, was clearly about to lose his temper!

Fortunately, Ling Yun finally finished speaking, and the scene immediately fell silent!

Whether intentionally or unintentionally, everyone looked at Chairman Rong, whose face was extremely ugly, to see how he would react.

But surprisingly, it was Chairman Wang who launched the first attack!

"Excellent, Lingyun. We never expected your research on the CITIC Pacific crisis to be so in-depth and professional. It completely exceeded our expectations and is truly admirable."

"But the purpose of today's meeting is to solve problems, not to dredge up old grievances. CITIC Pacific does have many problems, and we will address them in the future."

"The most urgent task right now is to resolve the CITIC Pacific crisis. You've been pointing out problems, and we'd love to hear your solutions..."

"brush!"

Everyone turned their heads at once and looked at Ling Yun.

The difference was that Vice President Wang and Deputy Director Zhang chuckled again, instantly relaxing.

Clearly, they were quite certain that Lingyun had a near-perfect solution.

Otherwise, he would never have repeatedly tested Chairman Rong and Chairman Wang's patience, nor would he have kept provoking them!

Given Chairman Wang and Chairman Rong's magnanimity, as long as he can come up with an effective solution, it doesn't matter how recklessly he reopened old wounds before!

Unlike Vice President Wang and Deputy Director Zhang, Chairman Rong and Chairman Kong were filled with resentment, clenching their teeth, but more so with curiosity and anticipation.

Ling Yun looked directly into Chairman Wang's eyes with a confident smile.

Without the slightest hesitation, he immediately responded.

"Chairman Wang, I know what I said just now was a bit harsh, but I have to say that these issues need to be laid out on the table before we can discuss how to solve them."

"Now I'll talk about how to resolve the crisis facing CITIC Pacific. There's a huge problem here: this Australian dollar cumulative option contract is irrevocable."

"In other words, until October 2010, CITIC Pacific was forced to continue fulfilling the contract despite knowing that the losses were continuing to widen, unless the knock-out clause was triggered."

"In this situation, there is only one way to resolve this crisis: to compensate for losses both inside and outside the dike. CITIC Pacific must take the initiative and make money to make up for the losses."

"If it were me, I would launch a vicious attack on those international investment banks that set traps for me, making them return many times over the money they swindled from me and voluntarily terminate their contracts."

"They want to eat me alive for two years with a trap-filled Australian dollar cumulative options contract? Grandma, in just a few months, I'll turn that contract into the noose that hangs them..."

These words caused an uproar!

"Haha, kid, watch your manners. Don't casually insult those senior figures at international investment banks."

Vice President Wang made a few jokes with a smile.

"hiss!"

Chairman Wang and Chairman Rong gasped in shock, staring at Ling Yun in astonishment.

This was the first time they had witnessed Ling Yun's ruthlessness, and they were all somewhat shocked!

The next moment, Chairman Rong suddenly jumped up from his chair.

"The idea of ​​'compensating for losses inside the dike with losses outside' is quite novel, but putting it into practice would be incredibly difficult!"

"What are you planning to do about those international investment banks? Ling Yun, those bastards are all scumbags, not a single one of them is a good person."

His words were met with another burst of laughter from the audience.

Before we knew it, it was already around four o'clock in the afternoon.

Lingyun slowly drove into the garage of the Houhai courtyard house, heading home to visit his grandparents.

He only turned on his phone after leaving Haizi.

As soon as I turned on my phone, I received a series of text messages and missed calls.

Several of the unread text messages and missed calls were from Leilei, Dameiyuan, and Yanzi.

They have left Leilei's large courtyard house and gone to Houhai with Lingyun's parents to visit their grandparents!

Having confirmed this, Lingyun naturally drove straight to Houhai, instead of going to Dongsi.

When he entered his own large courtyard house, he immediately noticed that the atmosphere was somewhat strange and heavy.

This feeling is especially overwhelming when you enter the second courtyard!