Before being reborn, Zhang Chen had watched an interview with a wealthy man. The rich man said that he didn't know how much money he had, and Zhang Chen also followed a group of netizens to maliciously mock the rich man for pretending.

And in this life, all the way to the present, Zhang Chen found that he really didn't know how much money he had!

On the one hand, the value of the companies you invest in is constantly fluctuating and may change differently from day to day. On the other hand, the complex shareholding structure brought about by offshore companies also makes accounting for specific assets a headache.

There is also the diversification of asset allocation, which also adds a lot of difficulty to the statistics of personal assets.

However, the benefits brought by Xiangjiang and Rakshasa are still easy to count.

Generally speaking, how much international speculators have lost, Zhang Chen has basically earned.

The reason is very simple, whether in the foreign exchange market or the stock market, the single volume of the long and short sides must be equal, and someone is short, which means that someone is long.

Unlike history, because the Hong Kong government did not participate in the bailout, the bet against international speculators has become Huaan and Tinder.

Due to Huaan's state-owned background, due to risk control factors, the main battlefield between itself and international speculators is placed on the stock market, while in the stock index futures market, the source of fire has become the absolute main force when gambling with international speculators.

此役，国际炒家共沽出45万张空单，平均成本7132点，每张空单平均亏掉了43800港币，仅仅只是股指期货，就亏掉了26亿美元。

Druckenmiller's double-headed snake tactics further magnified losses in the foreign exchange market. As the Hong Kong government solved the liquidity problem of the Hong Kong dollar, the exchange rate successfully stabilized at around 7.85, making their forward foreign exchange futures also suffer huge losses. Although the liquidation was timely, it also lost more than $2 billion.

Seventy percent of the money lost by international speculators went into Zhang Chen's pocket.

Of course, Khodorkovsky's dividends are 800 million, and this money, together with Khodorkovsky's original $1.5 billion, has entered Coys's newly established No. 7 fund through different channels.

Excluding the cost of circulation, Zhang Chen's actual profit from Xiangjiang's order is as much as 1.9 billion US dollars.

Including the $1.2 billion raised by the Cowys Fund and the $2.3 billion Khodorkovsky, Cowys' core assets are close to $5 billion.

If this data is released, it will be enough to make Wall Street look sideways.

Although LTCM controls trillions of dollars in assets, its core assets are only $5 billion.

Of course, the LTCM is a special case, a product of Wall Street's god-making movement, but even so, Cowyce is big enough to squeeze into the top 50 hedge funds in the country.

If you add the benefits of Rakshasa to it, I'm afraid that the ranking will be even higher.

Although the income of Rakshasa is not as good as that of Xiangjiang, it also exceeds 1.2 billion US dollars.

On the one hand, although Rakshasa is a big country, its economic strength is not strong, the total market value of the stock market is less than one-fifth of that of Xiangjiang, and the interests of shorting are limited, and the main interests are still in the foreign exchange market.

Kouys shorted about 12 billion rubles beforehand, and after the Rakshasa government announced that it had defaulted on its debts, the Rakshasa exchange rate plummeted from 6.2 to 9.6 in just one trading day.

The depreciation has already surpassed that of Thailand in the midst of the financial turmoil.

And that's not the bottom.

Some investors are still waiting to be lucky.

Because the United States did not take a position.

In the world of capital, the attitude of the United States is crucial. Especially for a big country like Rakshasas, only the United States can force them to continue to fulfill their debts.

Crichton's vigorous televised speech reassured Wall Street and many Rakshasa speculators.

But just as they waited for the U.S. sanctions to be taken, a storm affecting Credton's lower body swept the whole world, leaving Crichton, who insisted on sanctions, anxious.

As for sanctions, the focus of the bigwigs of both parties was instantly drawn to the "zipper door". Starr, the independent prosecutor in charge of investigating Paula Jones' sexual assault case, was firing on fire, and Congress held two hearings in three days to discuss whether to impeach Crichton.

This is a major event that has the potential to affect the change of president in the United States, and Rakshasa is nothing to this matter.

Investors waited for two days without seeing any action from the U.S. government, and finally, the final crash began.

9.6、12.3、15.9、18.5、20.2。。。。。。

In two days, the Rakshasa exchange rate leaked sharply, falling below the 20 mark with lightning speed, and it continues to fall.

No one knows exactly where the bottom is.

Zhang Chen was not greedy, and let Michael Barry deliver all the short orders at the 19.6 position, and after removing operating costs, he successfully arbitraged $1.3 billion.

This is Zhang Chen's private money.

"Professor, you said the BS formula wouldn't fail, and now it's over! we're all finished!" Merweyser's eyes were red, and his hair was already messy.

Myrlens Scholes' face turned pale, and after Rakshasa announced a debt default, the bonds in LTCM's hands instantly lost liquidity, and the original arbitrage model was completely locked.

LTCM's profit comes from uninterrupted arbitrage between different markets, and by discovering the interest rate difference between different markets, buying low and selling high, to obtain huge profits.

Therefore, the bonds in the hands of LTCM are constantly flowing, although the amount of holdings remains the same, but the type of bonds and the holding time are very short, and it is possible to buy a bond, but it will be resold in a minute. Bond liquidity is the lifeblood of LTCM, and once it loses liquidity, the risk of LTCM will increase exponentially until the liquidation is carried out.

Originally, this kind of thing would not have happened, no matter whether the bond price rose or fell, LTCM only did arbitrage, and there was no risk of loss. But now, the Rakshasa government has suddenly announced a one-year ban on bond trading, and at the moment of the announcement, all the bonds that are in circulation are backlogged in the LTCM warehouse.

Moreover, it has become a warehouse of waste paper.

"It has nothing to do with the BS formula. Morton, of course, has to defend his research, "The basis of BS is mobility, which is basic knowledge, don't you even have this bit of common sense?"

"Hahaha!" Merrywether laughed maniacally, "what kind of common sense are you still telling me? Professor Morton, we're done, we're done, you know?"

"No, it's not over yet. Myron Scholes looked up, his face pale, "John, immediately call an investor meeting and report the loss." ”

Merry Weather screamed: "Whistleblower, are you crazy? Are you trying to get all the investors to withdraw their money from LTCM? Do you think you haven't lost enough?"

"That's enough!" Myrlens snorted, "You idiot! The only way now is to drag everyone into the water, understand?"

LTCM controls more than a trillion dollars of capital through financial derivatives, but this capital is like an inverted pyramid built entirely on the profitability of LTCM's core assets.

And now, LTCM's $4 billion short-term bond investment in Rakshasa has become waste paper, as if the foundation of this inverted pyramid has collapsed, and it is only a matter of time before the whole collapses.

This is also the most terrifying place, trillions of dollars of financial turmoil is enough to set off a financial storm no less than the Asian financial crisis, and no one in the world can be immune.

What Myrman Scholes has to do now is to pull all the investors into the water and make everyone realize that if LTCM is not saved, it will be the end of the whole thing!

Even if LTCM still can't avoid the fate of bankruptcy, it is much better to go into liquidation than to lose all your money.

Myron Scholes' reprimand brought Meriwether back to his senses temporarily, and Merrywether took a deep breath and calmed down: "If that's the case, then I understand, Tina, immediately write an email and call all investors over $10 million, and tell them to attend the investor meeting at ten o'clock tomorrow morning." ”

Rongcheng, Giant Panda Breeding Research Base.

"Can you touch it? it won't bite me, will it?" Natalie tentatively reached out her hand, a little excited and a little scared, but more excited.

Panda, panda, black and white round, black and white round, black circles round, eating bamboo round, how can there be people in the world who don't like roundness.

If someone really doesn't like it, then he must have antisocial tendencies.

The dad who is responsible for taking care of "Nana" is a young man in his early twenties, and it is not uncommon for big people to be common, whether it is a political dignitary or a popular star in other countries, as long as they have been to Rongcheng, they have all come to see the giant pandas, and many of them have also adopted some rolls, but most of them are celebrities in their forties and fifties and sixties, and young and beautiful girls like Natalie have really not seen much.

"Nana has a good personality and doesn't bite. "Dad is a little shy, most of these breeders are bachelor's degree graduates, and their English is quite good.

Natalie carefully touched the roll of her daddy's leg without claws, "It's so cute, so soft." Can I hug her?"

"Now Nana is still young, so her hair is still soft, and when she is an adult, her hair will become harder, and maybe a little prickly. Daddy picked up Nana, who was holding his legs, and put her into Natalie's arms, "She likes to be held, but be careful, it's a little heavy." ”

Natalie's mouth couldn't close when she smiled, the panda's lethality was too strong.

Zhang Chen took a bamboo shoot to tease another adopted panda "Kangkang", Kang Kang didn't get the bamboo shoot several times in a row, and was a little anxious, and slapped Zhang Chen on the arm, Zhang Chen didn't hold it, the bamboo shoot fell into Kangkang's arms, and the panda hugged the bamboo shoot and gnawed.

"Hahaha. Natalie laughed when she saw this, and her father couldn't help laughing, "Now they are not adults, and their strength is small, if it is another two years, they may really be injured this time." ”

Zhang Chen donated so much money to the panda base, and he is a well-known rich man in China, the panda base naturally attaches great importance to it, in addition to close contact with the giant pandas, Chen Zhiyou, the deputy director of the research base, personally took Zhang Chen and Natalie around the entire base, including the breeding center.

"It's a pity that I can't take it home and raise it. After saying goodbye from the panda base, Natalie hugged a huge panda doll and said regretfully, "Now that I think about it, the pandas in the zoo are so pitiful, they are not as cheerful as the pandas here." I used to hear that Huaxia didn't care about the life or death of pandas and relied on pandas to make profits, but after seeing it with my own eyes, it wasn't like that at all. ”

Zhang Chen smiled: "The giant panda is a national treasure of China, and of course the treatment enjoyed is different. But no matter whether the conditions are good or bad, being raised by a giant panda is not necessarily a happy thing. The fundamental purpose of the panda base is to protect and expand the wild panda population, and nature is their proper destination. ”

Natalie nodded, this was her first time in Huaxia, and on the first day of her arrival, she found that many aspects of Huaxia were different from what the media reported.

"Where are we going next? You just told the director that there is something else, what is it?" asked Natalie casually, looking at the receding scenery outside the car window.

Zhang Chen smiled: "Go to a temple." ”

Rongcheng Shuangliu International Airport.

"What a dirty and noisy country. As soon as Jobs stepped off the plane, he frowned. "Bill, I still think it's useless, and I won't compromise or forgive your betrayal. ”

Bill Campbell plucked out his ears, he also felt that the voices around him were too noisy, and the arrival hall of the airport with hundreds of people was like a thousand ducks calling at the same time, could it be that the Chinese people were talking so loudly?

"Well, Steve, whether you forgive me or not, you're still here, aren't you?" Bill Campbell laughed, "but you're really mature, and if it were you before, you wouldn't compromise with Microsoft, let alone negotiate with Zack." Ah, that's the guy who picked us up. Hey, boy, here!" Bill Campbell waved to a young Chinese man holding a sign with his name.

Because they did not apply for the airway in advance, they did not take a private jet to Chengdu, but took a general civil aviation, and neither of them brought an assistant, and walked out of the arrival hall like ordinary foreign tourists.

With a gloomy face, Jobs followed Bill Campbell into a black Mercedes sedan.

"Where are we going?" After Mercedes-Benz drove out of the airport, he drove for more than an hour, but he didn't mean to stop at all, and Jobs saw that the surroundings were becoming more and more desolate, and he inevitably had some doubts and uneasiness in his heart.

Could it be that this Chinese kid wants to be bad for himself in his country?

"Mr. Steve, it's about an hour and a half away. The young man in the co-pilot looked back and smiled, "Sichuan and Shu are one of the largest provinces in China, and the destination we went to is in the mountains, the distance is relatively far, two hundred kilometers, you can take a break, or look at the scenery outside the window." ”

Jobs snorted coldly and stopped talking.

The view from the window was indeed beautiful, and gradually, Jobs discovered that the country was not what he imagined in some places. For example, the road conditions, although not highways, are not bad, and are probably smoother than most free highways in the United States.

For example, the clothing and hygiene of the pedestrians on the road seem to be much better than in India where they have been for a year, and there is no crime to be seen. Before he came to Huaxia, he even learned a few life-saving Chinese sentences, but now it seems that these preparations are not necessary.

The winding mountain road, the looming fog, the fresher and fresher air, the dense vegetation, and the scenery outside the window made Jobs's boredom slightly dissipated.

After driving for another hour and a half, and after a few mountains, Mercedes-Benz slowly stopped in front of an archway.

"Mr. Steve, it's here. The Chinese young man opened the car door.