Just a week before China Aviation Oil revealed its losses, Chen Qiaoshan had entered the market in advance.

With UBS's channels and Chen Qiaoshan's financial resources, he will definitely be able to raise more chips if necessary, but Elliot is still quite cautious.

According to the earlier plan, Elliott borrowed a total of 18 million shares, or about 0.9% of the outstanding shares, from eight market makers in Singapore and Hong Kong.

According to Singapore's market regulation regulations, more than 1% need to be declared as a short position, and Elliot controls the size of the transaction, thereby avoiding mandatory disclosure of the transaction process and relatively reducing the risk of short selling.

If it is exposed too early, major shareholders will inevitably fight back, especially for high-performing stocks such as China Aviation Oil, and the possibility of short squeeze will be infinitely magnified.

As the fourth largest state-owned oil company after PetroChina, Sinopec and CNOOC, China Aviation Oil is still very influential today.

Elliott didn't think it was a good idea to go short, and he didn't know the basis for Chen Qiaoshan's insistence on shorting, especially in the absence of news support, the risk would undoubtedly be magnified, but he didn't say anything against it.

Recently, oil prices have skyrocketed and plummeted, and Chen Qiaoshan chose to start at this time, which may not be without the possibility of success.

And he has successfully predicted the trend of crude oil twice in a row, and Elliot has to admit that this big customer in his hands still has some ways to do crude oil derivatives trading.

…………

The large-scale sell-off will inevitably bring market shocks, even through eight middlemen, the fluctuation of China Aviation Oil's stock price is still not immune.

Even so, Elliot seized the opportunity to keep the selling price around S$2.

After the loss of China Aviation Oil was exposed, all the worries in his heart finally dissipated.

On Monday alone, Chen Qiaoshan has achieved a large amount of floating profits, and before things are clear, anyone with a discerning eye can see clearly that there is room for the stock price to fall further, and the profit may not stop there.

Elliot can only sigh at Chen Qiaoshan's good luck, this is the third time he has accurately grasped the node of the market, in addition to attributing it to luck, Elliot doesn't know how to describe it.

In response to the self-detonation loss of China Aviation Oil, the market's reaction was mixed.

China Aviation Oil is not a futures derivatives speculator, according to the industry norms, hedging is a risk hedging, even if there is a loss in the futures market, the yield of the spot is enough to make up for the loss.

According to the market's speculation, China Aviation Oil's past performance is outstanding, even if there is a loss, it will not hurt the bones, after all, there is a huge domestic market to support, the market generally believes that the decline in the share price of China Aviation Oil is limited, but the development of things is completely beyond everyone's expectations.

On November 22, the market broke the news that Mitsui Energy suddenly issued a default letter to China Aviation Oil to call for the payment of the deposit.

As the main opponent of China Aviation Oil in the crude oil derivatives trade, the sudden action of the Japanese people has made the situation more uncertain.

The market reacted immediately, and the stock price of China Aviation Oil fell in response, falling by more than 17% at one point.

Although the Singapore stock market has no limit on the rise and fall, it has fallen sharply for two consecutive days, which is the first time it has encountered a heavyweight stock like China Aviation Oil.

On the 23rd, Société Générale also issued a letter of default to recover the margin of crude oil futures, followed by Barclays Capital and Standard Bank of London to force positions.

A plunge was no longer inevitable, and the market was in turmoil.

In the first three quarters of this year, the stock price of China Aviation Oil rose by more than 80%, and it did not fall to the title of Asia's most growing company, but it rose sharply and fell even faster, and it took less than five trading days before and after the one-year gain was erased.

The market's reaction caught everyone off guard, and even if no accurate information was released, the crisis of China Aviation Oil was already revealed.

The market will always react before expectations, and reacting before the market is the most successful speculation.

There is no doubt that Chen Qiaoshan once again grasped the node.

Elliot was also skeptical, if the first two were due to luck, but this short sale is different from the former, it is not just luck can do it.

After pondering it repeatedly, he felt that there were only two possibilities, either Chen Qiaoshan had unknown news channels, or he had an extraordinary vision, and Elliot was more inclined to believe the latter.

Regarding the outbreak of the huge loss crisis of China Aviation Oil, Chen Qiaoshan is more concerned about the development of the situation as a bystander.

As of Friday, the share price of China Aviation Oil has been cut in half, and even fell below one Singapore dollar at one point.

Although there were speculative funds in the middle, and the stock price once showed a slight pullback, it was still difficult to hide the defeat, and a large amount of speculative funds were buried together with the funds that followed the trend.

Chen Qiaoshan feels that this situation is familiar, which is almost similar to the routine of A-share rocker funds.

It's a pity that most of the routines are played into traps.

In the whole process, unlike Eliot's worries, Chen Qiaoshan was very indifferent, no matter how he looked at it, he looked like an outsider, but no matter what the process was, the profits were real.

As of Friday's market break, Chen Qiaoshan's book profit has approached S$18 million, equivalent to more than 90 million yuan, and this is not the end, it seems that it is still too early to say how much he can get in the end.

Chen Qiaoshan is not worried about this, he remembers very well that it will take four trading days next week before China Aviation Oil will be forced to announce the fact of a loss of 500 million US dollars, and then urgently suspend trading.

If you want to get out of the way, it doesn't seem to be a problem at all at present.

…………

Jia Yinan was still very efficient, and it only took a week to communicate with Peking University about the donation.

The stock of air aviation fuel has achieved initial results, and Chen Qiaoshan's mood is naturally not much worse, and he doesn't pay attention to one million US dollars, and he is very happy to pick up the money.

In Jia Yinan's words, Chen Qiaoshan is really a bit of a nouveau riche now, and he is not weak at all when he spends money, of course, the main reason may be that he can't find a place to spend money for the time being.

After all, there is a difference between men and women, at least Yan Xiaoqin does not have this worry.

Since knowing that Chen Qiaoshan will attend the donation ceremony and officially accept an exclusive interview with the media, Yan Xiaoqin has an extra job, and she has begun to take care of Qiaoshan's personal image.

"Here, try these two. Yan Xiaoqin took two sets of suit jackets and asked Chen Qiaoshan to try them on.

The donation ceremony will be held tomorrow, with the participation of not only the leaders of the school and the college, but also the students of Guanghua and the Academy.

This will be the first time that Chen Qiaoshan has shown himself as an investor, and he is still doing public welfare, especially when it comes to Peking University, Yan Xiaoqin attaches great importance to it, and he can't tolerate the slightest sloppiness.

She is not worried that Chen Qiaoshan will have stage fright, and she can gag at the opening ceremony, so it is natural to deal with this scene, but Yan Xiaoqin really doesn't dare to agree with Chen Qiaoshan's aesthetics.

It's not that Chen Qiaoshan likes to be maverick and has lived two lifetimes, he really can't appreciate today's trend.

Just look at the cover of the fashion magazine, Shuangdan Shuangbing is killing Matt on his head, this is the current fashion trend, put it ten years later, it is completely the existence of spicy eyes, and he can appreciate it to be called a ghost.

Chen Qiaoshan glanced at it casually and said, "Isn't this the same color, just pick one piece." ”

"One navy blue, one navy blue, how can it be the same?" Yan Xiaoqin was dissatisfied with Chen Qiaoshan's perfunctory, and pulled him to try both sets of combinations.

"Navy blue looks a bit old-fashioned, suitable for an old cadre like my dad, you should wear that one, it just goes well with the shirt. Yan Xiaoqin expressed her opinion to herself, but her words made Chen Qiaoshan smile.

"If I'm not mistaken, your father is only in his forties, and he is in the prime of life, how can he become an old cadre?"

Yan Xiaoqin said with a smile: "According to my mother, my father's unit is a pension department, I heard that the number one leader is going through the retirement procedures, and my father is about to take over, what is this not an old cadre?"

Chen Qiaoshan knew that Yan Wengang worked in the city's political research office, and he was also a deputy department, and he had nothing to do with the old cadres.

The rank has gone up, but it is really hard to say how far he can go if he stays in a department with a post but no power, after all, he is a reserve cadre, and it is not for nothing that he has been in reserve until retirement.

To say that Yan Wengang is an old cadre is indeed a bit exaggerated, if he can climb to the deputy department, he must have the ability, and what is lacking is only opportunities.

Thinking about Yan Wengang, Chen Qiaoshan couldn't help but have some thoughts in his heart.

In recent years, attracting investment has been the top priority for officials in various localities.

5173 is about to move to Dengzhou, and before that, it is inevitable to finalize the financing, after all, Li Xiaojun is still waiting.

According to Chen Qiaoshan's plan, the first round of financing of 5173 will be controlled at 10 million US dollars, which is just a repeat of the trajectory of the previous life, and there is almost no difficulty.

Even if IDG Capital can't get along, Chen Qiaoshan doesn't mind injecting capital alone.

For any city at present, the entry of an Internet company with a capital of more than 100 million yuan is a political achievement, and no one can refuse.

Chen Qiaoshan had an idea in his heart, instead of cheapening outsiders, it was better to let Yan Wengang match him.

After all, he is not an outsider, and he should also be given a push against Yan Wengang.

Chen Qiaoshan calculated that with the future volume of 5173, Yan Wengang's future career may enter the fast lane, which I am afraid the Yan family could never have imagined.