Zhong Shi was finally convinced, but not because of any national righteousness and patriotic feelings, but because of Li Jiacheng's final words, everyone has his ultimate responsibility in the world. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

Since its rebirth, Zhongshi has been bent on making money with advanced information while carefully avoiding the butterfly effect, and Tianyu has grown into the world's largest hedge fund giant. But except for him and the team that followed him, the contribution of other aspects is basically negligible.

To put it simply, Bell Stone has become a money-making machine.

But after earning a huge amount of money, no amount of money can stimulate him, which is why he is involved in the open and secret struggle between the United States and Europe, because this is an opportunity to challenge himself, and Zhong Shi can get a sense of accomplishment from it.

Despite the perilous process, Bell Stone survived the struggle between two of the most powerful institutions on the planet, earning a huge profit of his own. But it also created a very serious problem, that is, there is nothing in this world that allows Bell Stone to challenge himself, at least in this field.

Li Jiacheng's words woke him up.

People live in this world not only to challenge their own limits, but also to invisibly shoulder the responsibility to their families, society, country and even all mankind.

With great power comes great responsibility.

So when Gao Dongfang officially threw out the olive branch, Zhong Shi agreed without hesitation for a second. He finally realized where his abilities and responsibilities should be used, and he realized that he should take that responsibility decisively.

It was only later that he realized that things were a little different from what he thought: he was not the protagonist.

……

"So I'm just a consultant?"

A day later, Zhong Shi flew to Yanjing with Gao Dongfang, and on the way to the office, Gao Dongfang hesitated for a long time, but finally announced such a news to Zhong Shi.

Zhong Shi was quite surprised, and was silent for a long time before asking, "What is the specific job of this consultant?" Since you don't plan to let me make a move, why do you want to use someone like Li Sheng to convince me? To be honest, I don't really understand what the hell is going on. ”

He was faintly angry.

"Actually, it's like this......"

Gao Dongfang's eyes flickered, his face was embarrassed, and he sighed for a long time before he replied, "There are some things I've only heard about. It is rumored that when the chief decided to save the market, people from all walks of life put forward their own candidates, and they competed with each other, after all, in their opinion, this is a good opportunity to pick peaches, and they must not miss it. ”

"Originally, the chief intended to let you operate the whole thing, but because of your status as a Hong Kong citizen and the nature of the Tianyu Foundation, many people raised objections. Of course, you don't have to worry about that, it's all excuses. You also know that even the chief can't do what he wants. In the end, it was agreed that all parties should form a working group to rescue the market, which would be fully responsible for the rescue of the market. And if you are nominated by yourself as the chief, you will join the group as an advisor. Nominally, you're just an advisor and don't have any decision-making power, but I'm completely on your side in this group, so you still have some influence. ”

"It is precisely for this reason that the chief is afraid that he has wronged you, so he did not call you personally, but passed the message through Mr. Li, hoping that you can understand the hardships he is facing. Hey, the pressure on the chief is also very high right now......"

He pursed his lips tightly, barely squeezing out a smile that was uglier than crying, and finally put away the smile and shook his head helplessly.

"That's ...... so"

After this explanation, Zhong Shi suddenly realized what was going on, "I really didn't expect that there were so many twists and turns, and it seems that everything is not smooth sailing." By the way, tell me about your internal view of the performance of the capital market? ”

Zhong Shi is very clear about his position, since he has decided to take his due responsibility, even if it is a supporting role, he must continue with all his dedication.

"You don't mind?"

Gao Dongfang originally wanted to comfort Zhong Shi, after all, he knew very well how strong this guy's ability was and how strong his personality was, which could be seen from the incident when he overthrew the real estate group in Shenzhen and Hong Kong. But when he looked up at Zhong Shi, he found that the other party had a calm face, not showing any discomfort or dissatisfaction, which was very different from what he expected, and also made him feel confused, but the next moment he realized that now was not the time to pursue these, and the most important thing in front of him was to answer Zhong Shi's question, "In fact, our internal views on the capital market are not unified." ”

"Some people say that the current situation is that the stock market is adjusting itself, and it can stabilize after expelling some highly leveraged funds from the market, and only a little bit of the funds in the name of the government can achieve the effect of bailing out the market. However, some people said that this is an out-and-out conspiracy, and foreign economic forces have taken advantage of the current capital market to carry out a comprehensive suppression of China's economy, in an attempt to destroy the opportunities for China's economic transformation and structural adjustment, so as to achieve the goal of curbing the rise of our country. ”

Some people said that the above two statements are not very reliable, which is the basic law of China's capital market. They believe that China's capital market has never had much to do with the economy, because it is flooded with too many speculators, unlike those foreign markets where value investors are dominant. So when the market rises, everyone rushes into the market; When the market falls, these people flee in droves, so this kind of market is a typical 'herd effect'. ”

"Either way, the consensus is that a bailout is inevitable in this situation. But the jury is still out on how much money will be raised and where the stock market will be stabilized. However, this difference of opinion will have to be resolved within this week, as time is running out. ”

Synthesizing the opinions of several parties at present, Gao Dongfang finally said, "To be honest, I don't know what the reason is, but there must be a conspiracy in this, I can be sure of this." ”

"You're right, there must be a conspiracy in this!"

Regarding Gao Dongfang's judgment, Zhong Shi nodded approvingly, "It's not a secret, I have also been observing the capital market of Huaxia during this time, after all, the performance of last year has made the entire capital market of Huaxia the most dazzling market in the world, and it is difficult not to pay attention to it." But after entering March and April, the market fell into a state of irrational madness, and at that time the root of today's bane was buried. I think if it were me, it would have been a good choice to enter at that time. ”

"Why was it that time, not in December of last year, when it was the beginning of madness."

Gao Dongfang was a little surprised, and couldn't help but ask, "If it were me, if it was me at that time, if I laid out at that time, I threw out the chips in my hand around 5,000 points, and then used the function of securities lending to short, which should be able to multiply the assets several times, right?" ”

He was puzzled by Zhongshi's choice of time.

"Stock index futures!"

Zhong Shi pointed out the crux of the problem, "In the past, there were only IF contracts in the market, although this contract can hedge part of the risk, that is, there is some room for speculation, but relatively speaking, their targets are mainly blue chips and weighted stocks, and the rise and fall are most related to the index." But at that time, everything was different after the IC contract came out, the contract of this index fluctuated greatly, the value of each contract was comparable to the IF contract, and the underlying stocks were all small and medium-sized market capitalization stocks, relatively speaking, the maneuverable space was much greater than the IF contract, which is why the IC contract was launched for a few months, and the trading volume far exceeded the IF contract that has been around for several years. ”

"With this tool, even the function of securities lending can be abandoned, and the linkage between spot and futures can be used to carry out short arbitrage operations unscrupulously."

Zhong Shi's face was very solemn, "At present, the disclosure of positions on the exchange is very problematic, although the growth and decrease of contracts are disclosed on a daily basis, as well as the total holdings of each brokerage. However, as long as the positions are held separately, it is easy to avoid the disclosure of the position. Therefore, these short-selling forces have already established corresponding positions in the market, and the main battlefield of the entire bailout is there. ”

"The main battlefield is the futures market?"

Although Zhong Shi only said a few words, Gao Dongfang was shocked to hear it, because all this was different from what he expected, "You mean that they made a lot of profits in the futures market by selling spot?" ”

"Yes, and there is a corresponding action in the exchange rate market."

Zhong Shi nodded silently, "The trick is exactly the same as the trick used to attack Hong Kong back then." However, unlike Hong Kong, stock market fluctuations and exchange rate markets are not as closely linked as Hong Kong's, after all, the mainland has the world's largest foreign exchange reserves and is fully equipped to deal with any kind of currency crisis. And according to my observations, in the past few months, the central bank has intervened several times to crack down on the bears on the offshore renminbi exchange rate, making them useless. ”

"So unlike Hong Kong, we only need to deal with the shorts in the stock market and the futures market."

Zhong Shi finally stated his strategy, "The connection between the two is continuous, and they also have the meaning of hedging risks in doing so." But if we let them lose more on one side than make a profit on the other, I believe it won't be long before they collapse. ”

"But ......"

Gao Dongfang was quite smart and quickly understood what Zhong Shi meant, but although the principle was clear, there were still a lot of problems in the actual operation, "If the chips in the hands of these people are absorbed at a very low price, and at the same time, the opening price of the short futures index is set at a very high level, then if we follow this strategy, won't it be inevitable that they will have one side to make money?" ”

"Then it's up to you to calculate their average price accurately."

Zhong Shi smiled, "Now that I've finally figured out such a thing, it's not a bad thing for me to be this consultant." At least for the current market, it is far from reaching the ideal price of these bears. This means that the previous efforts to rescue the market may not be successful. That way, the responsibility for the whole thing doesn't need to fall on me. ”

“……”

Gao Dongfang was dumbfounded, his face changed sharply, and he was silent for a long time before he squeezed out a sentence with a bitter face, "Isn't that going to fall on me?" ”

"What?"

This time it was Zhong Shi's turn to be surprised, only to see him look at Gao Dongfang in disbelief, with a puzzled look on his face, "Why does this matter have anything to do with you again?" Oh yes, I forgot that you were also a member of this group. ”

"It's not a member, it's a team leader, who is responsible for the overall work and the finalization of the final investment strategy!"

Gao Dongfang gasped and grinned, "Is this for me to fight a battle with no chance of winning, and then carry this big black cauldron on my back?" (To be continued.) )