Chapter 1366: Liquidation, Time
On the evening of the 30th, the night was cold. In the office of Boyuan Fund on the 34th floor of Yee Yan Building, Kowloon, the atmosphere is very tense.
Liu Boyuan and a group of staff stared at the computer screen. At the close of trading in the early hours of this morning, Boyuan Fund had already liquidated its position and needed to pay a margin of about 100 million US dollars. With his connections in Hong Kong's financial community, Liu Boyuan raised $70 million in a single day.
At 22:45, the New York Stock Exchange opened.
"Mr. Liu, we were forced to close part of our positions...", a staff member couldn't help but swallow and said.
Liu Boyuan gritted his teeth and said, "Report a loss." ā
"$597 million."
Hearing this figure, Liu Heshun's heart beat violently, and he took all the property in his family and sold it for less than 600 million US dollars.
Liu Boyuan sat heavily behind the spacious desk, his hands propped on the table, and the huge pressure came to his face. He is now facing the dilemma of losing his family. Is there a solution? Liu Boyuan thought desperately.
At this time, a staff member interrupted Liu Boyuan's train of thought and said loudly: "Mr. Liu, oil prices are still falling. It has fallen below $43. Do we continue to hold, or do we cut the position and leave the market? ā
If you continue to hold it, the loss will only be a paper loss, but you have to worry about tomorrow's margin. The loss will be an actual loss, and the advantage is that you don't have to worry about oil prices continuing to fall and losing even more.
"Dad..., let's throw in the towel." Liu Heshun opened his mouth with difficulty, looked at his father and said seriously. The current competition with Hua at this level is really not qualified for Boyuan Fund to participate.
Liu Boyuan sighed abruptly, "We don't even have the qualifications to admit defeat now." He said. Leaning back on the black boss's chair in a dejected manner, he commanded, "Xiao Li." Two-thirds of the position is cut. ā
A tragic feeling suddenly rose in the office. Several staff members were stunned. Once the position is liquidated, the loss of Boyuan Fund is so strict. Will it survive?
Liu Heshun pursed his lips and shook his head. He knew that his father still wanted to take a chance, and the price of oil would rise in the future. However, will Boyuan Fund survive the current hurdle?
Time passed slowly, Liu Boyuan hesitated for a long time, and finally dialed Chen Xujiang's phone, and said with a knife: "Chen Dong, I want to transfer 8% of the shares of Xinye Bank, are you interested in taking over?" ā
ā¦
ā¦
In the wee hours of the morning, Singapore's central business district is a little quiet. A handful of buildings are brightly lit. There are few pedestrians.
The office of Mitsui & Co.'s Singapore office is brightly lit. Mitsui's oil futures team is working here.
In the luxurious office of 100 square meters, more than a dozen traders are busy operating in front of the computer. The atmosphere was tense.
WTI futures closed at $43.17 in the early hours of this morning, and quickly fell below $43 after opening the evening. is approaching $42.50.
Kosuke Nakamura, the chief trader of Mitsui Petroleum, frowned deeply, looked at the numbers beating on the computer screen, and felt deeply powerless.
So far, Sumitomo Mitsui Bank's $8 billion has been consumed. Something is not good.
Looking at the declining prices on the computer screen, Shizuka Nagai, who was sitting in the main seat of the office, was holding the wine glass, and the knuckles of her fingers turned a little white.
She never imagined that oil prices would fall for two days in a row. She heard Lu Jing say with her own ears that he was cheating on Xia Rulong. Admitting that the funds are insufficient, how can Hehua have such abundant funds? She spent a lot of effort for this game.
Fourth Petroleum Singapore is poised to acquire PetroSingapore, in an attempt to become an overseas Chinese oil company with a complete supply chain of upstream oil fields and refineries, as well as downstream warehousing and distribution networks.
This is contrary to the interests of the Mitsui consortium. Mitsui & Co.'s vice president, Shunzhao Muto, and Goldman Sachs' Jierun cooperated to set up the Singapore branch of Fourth Petroleum. If it weren't for Hehua's last-minute intervention. And they've succeeded.
Her layout is to induce Hehua to participate in the game of the international crude oil futures market by taking advantage of the situation. Hehua did invest heavily in the international crude oil futures market as she wished. To this end, she has prepared $8 billion. Also included are allies: Warren Consortium, JPMorgan Chase, Jetrun.
However, Hehua's funds are actually more than the four of them combined. The current situation. The amount of funds is not as good as that of Hehua, and it can only give full play to the advantages of public opinion to promote the participation of international funds. But it will take time.
Kosuke Nakamura takes a look at the charming Shizuka Nagai. He said in a low voice: "President Nagai, I propose that we immediately stop buying WTI futures and cut our positions and stop losses." ā
"Nope." Shizuka Nagai replied subconsciously.
Kosuke Nakamura frowned, he hated these laymen who didn't know how to pretend to understand the most, "President Nagai, it has fallen for four consecutive days, and the money-making effect has been produced. Oil prices have entered a downward channel. When we go long, we are giving money to our opponents. ā
Shizuka Nagai's eyebrows brooding.
Her assistant Ichiro Takeda said, "Nakamura-kun, is there no other way?" Goldman Sachs has made it clear that it is bullish in the early hours of this morning. Goldman Sachs has at least nearly $100 billion in influence in the financial markets. ā
Kosuke Nakamura said: "Takeda-kun, Goldman Sachs has a strong market appeal. However, small and medium-sized funds in the market are not fools, and now that it is obvious that oil prices are falling, they will naturally participate in making money. There is an inertial process in this. Hehua used at least $20 billion in this operation. ā
"So much..."Ichiro Takeda was shocked, he believed the judgment of a veteran trader like Kosuke Nakamura. In the early days, Mitsui's funding for China was estimated at around $12 billion. It's so much worse.
Seeing that Shizuka Nagai was still hesitating, Kosuke Nakamura's voice was raised a little and said, "President Nagai, if we don't cut our positions, our losses will reach $1.2 billion." If the price of oil falls below the $41.20 mark tonight, we will need to pay a margin. Please make your decision. I built yƬ to cut the position. Our actual loss was only about $300 million. ā
"Let's cut the position. I'll leave it to you. Nagai Shizuka's face turned iron-blue, and she stood up and walked out of the office suddenly.
Ichiro Takeda hurriedly chased him out, went downstairs and sat in the white BMW X7 in the parking lot, and asked cautiously, "Miss Nagai, what now?" ā
The best thing to do now is to hurry up and find funding.
"Wait, wait and Huali can't catch it." Nagai Shizuka said in a cold voice, now there is no charming beauty style at all.
Even if she can hold on, the loss of $300 million is not something she can hide. The loss will affect her prospects within the Mitsui consortium. She is marrying Matsusaka next year, and she has no plans to be a full-time Japanese housewife at home.
Ichiro Takeda shrunk his neck, didn't talk to Shizuka Nagai anymore, and whispered to the driver to send Shizuka Nagai back to the apartment.
ā¦
ā¦
Back in her apartment in downtown Singapore, Shizuka Nagai's messy mood was better, standing in front of the floor-to-ceiling window and contemplating. Modern high-rise buildings lit up in the distance correspond to the sea views.
She was not willing to throw in the towel.
Shizuka Nagai dialed Xia Rulong's number, "Mickey, how are you communicating with Morgan Stanley's headquarters?" ā
In the executive suite of The Peninsula Excelsior Singapore, Xia Rulong is comfortably leaning on the soft chair in front of the window, holding a mobile phone in one hand and tapping on a 12.1-inch Dell laptop keyboard with the other. It is showing the plummeting WTI futures price.
"I've communicated, don't worry. Shizuka. ā
Shizuka Nagai said: "Mickey, tomorrow Mitsui & Co. Futures will publish a strategic analysis report to endorse the view that oil prices are about to rise. If Hehua's funds are going to escape, I hope you can stop it. ā
"No problem." Xia Rulong agreed. Glancing at the price of WTI futures, which was already $42.46, I laughed in my heart. Shizuka Nagai is a layman after all. Is the futures market simply long and short?
Shizuka Nagai hung up Xia Rulong's phone and dialed Hardy Warren's mobile phone.
ā¦
ā¦
"Fu-ck, how can oil prices continue to fall?" In the special ward of Singapore General Hospital, Hardy Warren looked at the numbers on the projector and roared at his henchman Kavin Burke and female secretary Elena.
He simply can't stand the continued decline in oil prices. The losses are all his money, and he also needs to face the accountability of Standard Chartered Bank and Australian bankers and fund managers.
Elena shuddered and poured Hardy Warren a glass of water. The landline on the bedside table rang suddenly. Hardy Warren's phone was transferred to a landline.
Elena pressed the answer button. "President Nagai, what's the matter with you?" Hardy Warren's temper is exhausted. I don't care about any demeanor.
Shizuka Nagai's coquettish voice came from the phone, "President Warren, it seems that you are losing a lot of money?" ā
Hardy Warren snorted heavily.
The phone is hands-free, and a wry smile appeared on the corner of Kavin Burke's mouth, not very strict, but quite strict. The losses of Warren's Far East branch have reached $160 million. Moreover, they only entered the market last night.
Nagai Shizuka said coquettishly: "Mitsui's loss will also be strict." President Warren, I think it's necessary for us to talk to Lu Jing. ā
Hardy Warren said in a rough voice, "What are you talking about? I'm not going to negotiate with that-raised little bastard. Talk about it yourself. ā
"Mitsui can no longer win the trust of Hehua. The Warren consortium has a lot of influence in Singapore and should be able to find a middleman with enough weight. Nagai Shizuka said calmly, restraining her anger, her IQ quickly allowed her to find a way to deal with Lu Jing, "President Warren, if I'm not mistaken, one more trading day will be New Year's Day and weekend." ā
Calvin Burke instantly understood that this was to stall for time and wait for Goldman Sachs' statement to exert its power, and nodded to Hardy Warren, who was still hesitating.
"Good. I have some friendship with Singapore's Deputy Prime Minister Zhan. I'll ask him to come forward. ā
Shizuka Nagai laughed happily, "President Warren, there is still news to talk to you, Fu Yulong of Kaiyue Capital eats inside and out..." (To be continued......)