"We're getting ready for dinner, let's talk as we go. "Sioux City is still quite curious about the two Morgans, especially Morgan Stanley, nicknamed Big Morgan, which has a lot of business in China and is an unusually smart and brutal company.

They have a lot of money and a lot of talent, but they never rest on their laurels, forever chasing money, and they don't care about politics and morality - if they show politics and morality carelessly, then they don't hesitate to do it, it's definitely for money.

Whether it is China's socialist market economy, South Africa's racial conditions, or India's caste conditions, Da Mo has adapted quickly and well. Compared with Goldman Sachs, which invested in pig breeding in China, Morgan Stanley did not hesitate to enter China's real estate industry, raising as much as 4.5 billion US dollars, which was about 40 billion yuan in that year.

In addition, Morgan Stanley is also actively involved in the acquisition of China's non-performing assets, in 2003 alone, they took over 4 billion and 2.85 billion non-performing asset packages from China Construction Bank twice, 97% of which are real estate assets.

What's more, as an American company, Morgan has never been stingy with commercial bribery and insider trading -- it's not that American companies don't know how to engage in commercial bribery and insider trading, but because the cost of commercial bribery and insider trading is relatively high, which is not something that ordinary companies can play.

Time magazine once exposed the bribery door of Da Mo China Peterson, and replaced it with an ordinary American company, such a blow can destroy the company's foundation. can be put on Morgan Stanley, as if nothing happened, the so-called heritage and strength. Exactly.

Such an unruly American investment bank is exactly what foreigners like Sioux City are welcome, and his expression is much more enthusiastic than usual.

The trader of Da Mo had a strange expression and asked in surprise, "Are you going out to eat now?"

"Can't you eat?" Su Cheng looked at Qi Xiao, thinking that there was some special rule.

The other party pointed to the big screen and said, "It's an important time." If Chairman Sioux City doesn't command, is it okay?"

"Oh, I'm not directly involved in the operation...... Mr. Jones. Sioux City looked at the sign on his chest.

"Just call me Joan. "The dealer of Da Mo hit the snake with the stick. looked familiar, and said with a smile: "Chairman Su Cheng has no financial background, but he can do ......"

"What kind of cooperation are you looking for me to talk about?" Su Cheng interrupted his compliment.

Jones followed him closely and whispered, "Just say it here?"

"Then go to the car and say. ”

Between words. It is also out of the futures exchange.

Sioux City got into the car on his own. Jones sorted out his thoughts and asked, "I have an idea about the operation of Dahua Industrial. ”

"Oh. ”

"We guess that Dahua Industrial will end its short selling shortly after. ”

"Why, Da Mo doesn't believe that crude oil will return to low prices?" Su Cheng tilted his head comfortably.

Jones smiled and said, "In the short term, it may be possible to increase supply, but in the long term. Crude oil is growing in demand more than it is supplied. ”

"Hmm, what do you want?"

Jones also wanted to discuss theory with Sioux City. This is also what traders in American investment banks do best. However, Su Cheng was simple and straightforward, and he had no choice but to say: "We hope that when Dahua Industrial is long, we can cooperate with Damo." ”

"Pan Asia Fund. Sioux corrected again.

Jones smiled wryly and nodded: "Yes, Pan Asia Fund." ”

"Is it Da Mo who wants to cooperate with the Pan Asia Fund?" asked Su Cheng repeatedly.

Jones thought for a while, and then understood that Su Cheng was talking about who would be in charge, he hesitated for a moment, and said: "Da Mo has prepared 3 billion US dollars, and if the Pan Asia Fund invests more funds, Da Mo will cooperate with the Pan Asia Fund." ”

For example, this kind of enterprise is very risk-oriented, and it is impossible for Da Mo's 300 billion assets to be invested in a certain direction, especially for pure speculation, 3 billion US dollars is not less.

The Pan-Asia Fund naturally has a lot of funds, however, after the end of the short state, it is difficult to say whether others are still willing to follow, after all, the seven oil production enterprises can not completely ignore the government, repeatedly short and long, the risk is naturally doubled, on the other hand, the Pan Asia Fund can make money through shorting, does not mean that the long can also make money, especially when the funds are very large, the focus is not only the right time to enter, but the right time to exit, not the more funds the better.

Su Cheng said noncommittally: "If there is such an opportunity, I will consider you, well, when you get to the place, what to eat together?"

Jones turned his head to see that it was a hamburger fast food restaurant, and couldn't help touching his stomach, shaking his head and saying, "No, today is juice day." ”

"That can't be helped. Su Cheng smiled and got out of the car to buy food.

Yang Jingshan came over in the car behind, lined up behind Su Cheng, and said with a smile: "Su Dong has just made so much money, at least he should have a French meal to celebrate." ”

He pronounced "French Dinner" in Hong Kong-style Mandarin, which was quite Western.

Su Cheng touched the coin and came out, and said with a smile: "There is not much time, after eating, I have to go back quickly." ”

"Is there a big drama at night?" Yang Jingshan's eyes jumped.

"It's still a while before the market closes, so it's hard to say. Su Cheng smiled.

……

Back to the futures exchange, Su Cheng focused on letting Qi Xiao look at the situation of the American investment bank, and there was not much increase in funds, so he didn't care about it.

After all, the City of London is not the territory of the Americans, and they don't invest much here in order to concentrate their money. And for now, whether it's short or long, there is little point in joining later.

It's more a question of how the gentlemen who entered the venue will return with a full load, or go away with reduced injuries.

"14.40, how about the power of multiple parties?" Su Cheng was in front of a dazzling electronic screen.

Qi Xiaole said: "Sumitomo is estimated to be no, probably there will be a slight downward trend." ”

"Hmm. Sioux City watched in silence for 20 minutes. Seeing that the price of oil had reached 14.30, he ordered: "Call Aliyev and see if he can send a message now." ”

Qi Xiao went without hesitation.

Aliyev's family has $1 billion in the Pan-Asian Fund. Although there is no position as a director, the profit is not a lot. In terms of current oil prices, he has earned at least one and a half dollars of $1 billion, which is comparable to the income of Azerbaijan's treasury in previous years.

With so much money, and a situation where you can increase your profits, Aliyev really doesn't care about a couple of press conferences.

In fact, he didn't just go to the press conference himself. He also tied up Saudi Arabia's oil minister and asked him to announce what OPEC knew about the state of global supply.

OPEC has a tradition of focus and control over crude oil production, especially when they speak in terms of production. The relationship between actual and nominal production is very important.

In OPEC reports, the issue of the percentage of responsibility to be fulfilled is often raised, which is actually the percentage of actual production relative to nominal production. For example, OPEC decided to cut production by 1 million barrels, and Iran received 150,000 barrels. Only 100,000 barrels were actually executed. Iraq has only reduced its share of 200,000 barrels by 100,000 barrels, and OPEC has only 85 percent of its responsibilities when other countries are 100 percent responsible.

And for the most part, with the exception of Saudi Arabia, which has never minded reducing production, other countries have always delayed their responsibilities to reduce production capacity and have always exceeded their production increase functions.

100,000 barrels of crude oil is at least $1.5 million in revenue, let alone an Arab country that lives entirely on crude oil. Throwing it to a certain department of the Chinese government does not mean that it can be reduced. The same is to be discounted, to be delayed.

However, unlike other revenues, crude oil revenues are very easy to measure. The first is its sheer volume.

100,000 barrels is nothing in the futures market, and it is nothing in the government report, but in reality, this is the transportation volume of an oil tanker larger than an aircraft carrier, which can carry 2,000 wagons.

There are only so many ports that can berth ships of more than 100,000 tons, and a ship the size of an aircraft carrier sails back and forth every day, plus the incoming volume of 2,000 tanker trucks, as long as you have a good record, how can you not know. The same is true for crude oil pipelines, send two engineers with similar IQ and technical level to know how much crude oil passes through the pipeline. In the era when pipelines were insufficient, every ton of oil here was queued out, and it was difficult to hide the problem of smuggling.

In addition, the sales records or delivery records of the international crude oil market, and even the storage of oil-producing countries, are also very easy to check.

It may be easy to hide 10 tons of gold, but it is too difficult to hide hundreds of thousands of tons and millions of tons of liquid crude oil.

Therefore, OPEC oil producers who do not fulfill their responsibilities are actually stubbornly refined, and OPEC is not a centralized agency, and their regular inspections are, to a certain extent, a kind of urging.

Due to the characteristics of crude oil trading, OPEC monitors the world crude oil spot market, which accounts for about 8% of the world's crude oil spot market, and monitors the delivery warehouses of several crude oil futures exchanges, so it is almost possible to know the recent export crude oil production, as for the non-export crude oil production, they are not particularly concerned, such as China's Shengli Oilfield and Daqing Oilfield, the crude oil sold is only in OPEC's consideration, and the domestic consumption is not managed, and OPEC does not want to care.

The seven oil companies participating in the Pan Asia Fund are all international oil companies, and most of their oil fields are used for export, and many of them are in OPEC countries, and their production capacity increases or decreases are all filed with OPEC's permanent offices.

For example, Dahua Industrial's Setan oil field has to explain its production from time to time, otherwise, the UAE will use its own infrastructure to block the export of oil companies.

For an oil field, if the oil pipeline is not connected and the oil tanker does not come, no matter how much oil is produced, it is useless.

In the midst of volatile oil prices, OPEC announced that the global supply situation as it knew it was normal. But this time, because of Aliyev's factors, Naimi was forced to participate in an inappropriate press conference at an inappropriate time.

And when he said that "the world is oversupplied", oil prices fell in response.

"Collect the Internet café. Su Cheng's surface was calm, and the green tendons in his fist were about to jump out.

The catch of this net was completely beyond his imagination.

Of course, it is also beyond the imagination of Sumitomo and other fish.

…… (To be continued......)