After successfully acquiring Huade Real Estate, Zhongshi retained most of the management and promised to give the management 20% profit dividends, which stabilized the fluctuating Huade Real Estate. However, he still transferred the financial power to the professionals found from the Liao side, after all, this is the foundation of a group company.

As for the debt, it may be astronomical for others, but Zhong Shi only paid two or three hundred million dollars to successfully revitalize Huade Real Estate, and the company's various businesses began to operate again after a period of stagnation.

So far, Zhongshi has spent less than 5 billion Hong Kong dollars to successfully control a group with a market value of more than 10 billion yuan, and successfully delisted it. Although it is difficult to say whether this is a profit or a loss, but with a little operation, wait for a few years to repackage the listing, and then the market value will definitely be more than the current amount.

In the months following the acquisition, Zhong continued his studies in Chicago until the end of September, after the end of his first year, when he moved to New York, the capital of Shijie.

As soon as he left the JFK airport, Zhong Shi saw Andrew and Liao Xiaohua waving vigorously at the exit, the two of whom Zhong Shi had specially recruited from Hong Kong to make a big splash in the NYMEX crude oil market.

Like the LME, NYMEX is also an important crude oil exchange and has more say in global crude oil pricing power, and the light sweet crude oil futures contract they launched is the most liquid crude oil trading contract on shijie, and it is also the most traded commodity futures variety on shijie. West Texas Light Crude Oil, codenamed WTI (West Texas Intermediate CrudeOil), is one of the more commonly used crude oils in North America. Most of this crude oil is imported from Canada and the Gulf of Mexico and then refined in the Midwest of the United States, which has little to do with the oil produced in the Middle East, but strangely enough, the oil-producing countries in the Middle East have to comply with the prices here, which is financial hegemony.

The WTI futures contract is designed to be 1,000 barrels of crude oil in one lot, and the trading of the next month's contract is stopped a few days before the 25th of each month, generally set for a few days such as the 19th, 20th, and 21st, and then delivered in the remaining ten days or so. For hedging purposes, WTI contracts are designed to be long-term contracts that can be held for up to 18 months. (Now up to nine years)

Except for Andrew and Liao Xiaohua. There was another person in front of Zhong Shi's eyes. This person is Zhang Jiaqiang, who used to make waves in the stock market of Standard Chartered Investment Bank, and his actions in the stock market left a deep impression on Zhong Shi, and this time he was seconded from Standard Chartered.

As for funding, Zhong Shi has transferred two billion US dollars. The funds have gradually moved into HSBC's NYMEX account.

HSBC's seat on NYMEX is just an ordinary class. When this amount of money is credited to their account. The North American employees were a little nervous, but more excited, knowing that such a fund would work a little. The commissions they can get are sky-high.

There are two kinds of seats in NYMEX: ordinary members and clearing members, ordinary members only need to purchase one level of seats, and clearing members need to purchase two level of seats, and there are relevant guarantees for their own funds, after all, customers put funds in the account of the futures company, which is equivalent to depositing a demand deposit, so the futures company must keep enough margin in accordance with the rules of supervision, after all, the futures company can use the funds to do interbank lending to earn short-term profits.

At the end of August and the beginning of September, the crude oil market was experiencing a drastic change, first the bulls in the spot market and the futures market at the same time, Pushing the price of oil to a two-month high of $19.22 per barrel, but at this level it suffered a strong sniping from the bears, and under the influence of the bulls' profit-taking exit and the spot market's downward consolidation, the price of crude oil has plummeted, from the highest point of $19.22 all the way to the lowest price of $17.19, which is already the lowest price in the Shijie crude oil market in two years.

In this case, the hedging oil companies and spot traders could not sit still, they originally used the futures market to avoid risks, but soon deviated from their original intentions driven by huge profits, and eventually became the main force in the futures market. Seeing that the price of oil fell to this point, they increased their positions one after another, which made the trading volume instantly enlarge, and on September 10, the trading volume even increased by 100,000 contracts compared with the previous day.

At this time, there are still about ten days before the delivery of the October contract, and the long and short heads have a lot of time to fight on the main contract in October. In the next 11 days, the bulls and bears fought fiercely in the oil futures market, and finally the bulls who made huge profits on the September contract prevailed, pegging the settlement price of the October contract to $18.40 per barrel on the 21st of Zuihou's delivery day, an increase of 7% from the lowest price.

After the month change, the two sides will mainly enter the November contract. It was at this time that Zhongshi's funds quietly entered the market.

"Zhang Sheng, what is the expected situation of today's market?" In the face of the sharp rise in the October contract, Zhong Shi was a little puzzled. Although he knew that the long and short sides were fiercely contesting, he couldn't read the numbers that kept flashing on the screen.

"The bears are closing their previous profitable positions, and they are also afraid of the bulls forcing their positions." Zhang Jiaqiang said calmly. "If the bulls sweep the spot market and the bears don't have as much crude oil to deliver, then they will have to close their current positions at a higher price, which will be more difficult for them."

Now the total number of positions on the entire market is more than 300,000 hands, and the long and short sides hold half of each hand, even if they close half of the positions, the bears still have to sell close to 100 million barrels of crude oil. While oil production is spread out to hundreds of millions of barrels per month, there are not necessarily that many of the crude oil that are eligible for NYMEX delivery.

"So there's such a thing! The futures market is really interesting, so do other trading instruments have similar problems? Zhong Shi listened to Zhang Jiaqiang's explanation. Immediately understood, and then he thought of other trading instruments.

"So to speak! However, it is not absolute, and trading varieties such as cotton, soybeans, and sugar are easy to get from other places, so the bears are not too panicked in the case of long shorts. But in the case of gold and silver, the bears are extremely cautious before delivery, and will move the contract to other months early. ”

"Gold? Belch...... That's just as well. However, the gold trading volume here is not very large, and London is the main battlefield for gold trading, right? ”

"You're right, most of the trading in precious metals takes place in London. How, Mr. Chung. Do you want to go to London after this deal? ”

"Huh. I'm just talking about it casually. Zhong Shi snorted and changed the subject. You must know that the price of gold is outrageously low now, and in fact, until the end of the nineties, the price of gold could not be boosted. Only after the XXI century. With the indiscriminate issuance of currency. The function of gold as a store of value has been re-emphasized.

"Mr. Zhong, how do we operate, are there any specific regulations on positions and prices?" Seeing that Zhong Shi was a little distracted. Zhang Jiaqiang asked cautiously on the side. "If we can set a range in advance, and then do some hedging on fuel, diesel and other contracts, then we can also lock in profits in a timely manner."

"I really don't know much about the crude oil market. Tell me first, what role can our funds play in the market? Zhong Shi asked without answering.

Zhang Jiaqiang didn't say anything, and after bowing his head and calculating for a while, he said to Zhong Shi with some frustration: "Zhong Sheng, with all due respect, our little capital is really nothing in the market. You must know that the average daily position on NYMEX is more than 300,000 lots, even if it is calculated based on the margin of clearing members, it is more than 300 million US dollars. In fact, this market holds more than 500 million dollars of funds every day, and the change of the price of one dollar involves the conversion of three or four billion dollars, so that the daily flow of funds in this market is as much as one billion. ”

Except for Zhong Shi, Zhong Yi and Andrew, others do not know how much money Zhong Shi used this time, Zhang Jiaqiang knows that Zhong Shi will mobilize 100 million US dollars into the crude oil market. Even this 100 million yuan made Zhang Jiaqiang embarrassed, and within a few days of arriving in New York, a group of traders were mobilized from Hong Kong again.

"I don't have a specific manager, but there is a general direction, and I need you and your team to achieve my goal." Zhong Shi's face did not change, and he said in a flat tone, "Specifically, it is to short crude oil and its related contracts in the past few months and establish a huge position. Of course, there will be no physical delivery, and you and your team will need to avoid being forced to take positions in terms of monthly swaps, and in addition to that, these positions will all be closed in December. After a pause, Zhong Shi continued: "The amount of funds is a bit small now, but you don't have to worry, the follow-up funds will arrive later to ensure the maintenance of the position." ”

For clearing members, crude oil futures are about 20 times leverage, which is 5% margin. For ordinary members, the leverage is lower, plus the margin added by the brokerage company, each contract needs about $1,500, and the leverage ratio is about 14 times.

"......" Zhang Jiaqiang was a little confused, he really didn't know what to say to this maverick employer. Does he want to manipulate the market? Are you not afraid of SEC penalties? Knowing that the United States has a special law on futures manipulation, and the crime is equivalent to the criminal offense, Zhang Jiaqiang felt that he needed to remind Zhong Shi of this.

"Don't worry, the exchange and the regulatory committee will leave it to me, and I promise that you will not be implicated!" Regarding the concerns of Zhang Jiaqiang and others, Zhong Shi just waved his hand slightly and skipped this topic. (To be continued......)

PS: Thank you very much for the wind of the lonely moon and the lonely ...... Well、Wandering North America's wolf、Twilight cold wind、yu85802yu's monthly pass support! Thank you for my affectionate drinking water, habituality, etc.~~, Shen Zhongche, and seemingly pure reward! For Shen Zhongche to give such a special gift as a birthday red envelope, the author expressed special gratitude~~ I received so much support today, the author was surprised by the surprise, there are only two days left in this month, even if the author stays up late in these two days, he has to code a few more chapters, two more days a day after tomorrow, I hope you will support more, if you can, I hope to vote for a few more monthly tickets, the author is grateful, xiexie~~