This scene happened to fall in the eyes of the doorman who opened the door for Zhong Shi, and the corners of his eyes twitched twice rapidly, and he looked away as if nothing happened.

"Rich people really know how to play!" He sighed silently in his heart.

"What are you going to do?"

Ivana's delicate body was obviously shocked, and she subconsciously planned to use an over-the-shoulder fall to put down Zhong Shi, but the next moment she realized that it was not suitable here, and immediately turned around without a trace, getting rid of Zhong Shi's groping hand, "I warn you, don't mess around!" ”

"I'm not messing around, aren't you my 'girlfriend'?"

Looking at Ivana's cold eyes, an evil pleasure rose in Zhong Shi's heart, and the depressed feeling of being pressed by the other party during this time disappeared in an instant, "Since it's a show, then we must at least do enough, don't we?" ”

"Really?"

Ivana smiled like a flower, but her tone was unusually cold, "Do you know that there is a lower limb joint in the human arm?" If the joint falls off, it won't cause much damage to the body, but it can be very painful. I don't think you've tried the disjointed joints of the lower limbs, do you want to try it? ”

When she said this, she was already a little bit of a gritted tooth, and it was clear that Zhong Shi's actions made her very annoyed.

"I don't want to try!"

Zhong Shi stuck out his tongue and said proudly, "Okay, the time is almost up, let's hurry inside!" ”

With that, he flexed his arm again, but this time, Ivana didn't dare to take his arm anyway.

"Mr. Zhongshi?"

When Zhong Shi appeared at the reception, a middle-aged white man in his fifties immediately greeted him and said with a surprised face, "Is it really you?" ”

"Is there anyone else?"

Bell Stone shrugged his shoulders and said humorously, "Jamie." Didn't expect you to be here too? ”

Jamie. Thompson, a managing director in JP Morgan's investment banking division, oversees Europe, and has dealt with Bell Rock several times in New York. Since the acquisition of Bear Stearns, JP Morgan's investment banking division has grown by leaps and bounds, and it has quickly become one of the top investment banks. This is the annual European strategy meeting. They confidently extended invitations to their VIP organizations, including the X-Spatial Foundation.

But Jamie. What Thompson didn't expect was that Zhong Shi, who has always been elusive, could attend this kind of strategy meeting, knowing that Tianyu Fund's judgment of the market is much stronger than that of Morgan, and all this is due to Zhong Shi's head. It's like I just wanted to invite a random god to descend to earth, but I didn't want to invite the Jade Emperor.

"Where is the duty!"

Jamie. Thompson respectfully shook Zhong Shi's hand, turned to look at Ivana, and asked, "Who is this beautiful young lady?" Why don't you tell me about it? ”

"Ivana. My girlfriend! ”

Zhong Shi laughed and pointed at Jamie again. Thompson introduced him, "This is JP Morgan's managing director. Thompson. ”

"You don't have to go to this boring strategy meeting, I'll send you all their opinions later!"

After politely shaking Ivana's hand, Jamie. Thompson whispered to Zhong Shi, "You won't look at those analysts, and I'm bored." Why don't we go into the inner room. Talk about something more real. ”

"Really?"

Zhong Shi was not surprised at all, but shrugged his shoulders slightly. He said, "Well, I just happen to have something to trouble you." ”

"You, stay outside!"

After the two sides had made up their minds, Zhong Shi turned around and instructed Ivana. "Stay here and enjoy the wine and food, it's all good stuff, don't waste it."

After finishing speaking, Zhong Shi didn't forget to wink at her.

"You want to get rid of me. My dear? ”

To Zhong Shi's surprise, Ivana did not show much resistance, but took the initiative to hug Zhong Shi and said softly, "Okay, dear, I won't live up to such a good night." ”

No one noticed that at the moment when Ivana put her arms around Bell Stone, a delicate tape recorder got into Bell Stone's pocket.

Although he felt strange, Zhong Shi was very happy to be able to get rid of this evil woman, and immediately followed Jamie without thinking about it. Thompson walked to the inner room.

"I want to buy some CDS to hedge my risk in the bond market!"

In a small, quiet office, Zhong Shi sat down and said impatiently, "At the moment, the bond market is full of huge risks, whether in Europe or the United States, so I have to protect my exposure to these direct risks." ”

Because CDS, CDO and other derivatives are over-the-counter market products and are not regulated by the authorities, if there are institutions that want to buy these products, they have to find those large investment banks, such as Goodman, Stanley and other companies, and now JP Morgan.

"Mr. Chung thinks the bond market is dangerous?"

Jamie. Thompson didn't immediately answer Bell Stone's question, but asked, "Why do you think so?" ”

"Isn't that obvious?"

Zhong Shi shrugged his shoulders, seemingly unaware of the other party's temptation, and replied frankly, "The debt crisis in Europe has entered a new stage, although it seems that the market is now showing signs of calming down, but the economic problems of Italy, Spain and other countries have not been substantially improved, so the possibility of another debt crisis in Europe in the coming period is very high." ”

"But unlike countries like Greece and Ireland, countries such as Spain and Italy have a large share of the eurozone's economy, and if there is a downgrade of debt, the domestic banks with the largest share of their government bonds will suffer a catastrophe."

"You and I both know that the ripple effect is that the cash position of companies in these countries will be under tremendous pressure, and their bonds will be exposed to capital market shocks earlier than their equities. Not only their companies, but also those in France, Germany and even the United States will face massive panic in the bond market. So in this case, I had to plan a little ahead. ”

"Then I would venture to ask, how big is the direct risk exposure of Tianyu Fund?"

Hearing Zhong Shi's words, Jamie. Thompson's eyes flashed. Rubbing his hands together, he asked uneasily, "Of course we can provide it to you, but if the exposure is too large, we may need a little time to raise it!" ”

He seems to be answering Zhong Shi's request, but in fact he is harboring evil intentions. Secretly inquire about Zhong Shi's position.

Zhong Shi still didn't seem to realize the other party's bad intentions, and still said to himself: "We have about $50 billion in bond positions, and our direct risk exposure is about $15 billion. If all of these exposures were protected, I would estimate that at least $10 billion worth of CDS would be needed. ”

"So much?"

Jamie. Thompson was taken aback, and after a long silence, he said solemnly, "Mr. Zhong, please wait a moment, I can't be the master for the time being." But I can find someone who can call the shots and talk to you. ”

"Listen to it!"

Zhong Shi nodded disapprovingly.

Soon, a handsome young man with blond hair walked in and stretched out his arm to Zhong Shi from a long distance, "Welcome, Mr. Zhong Shi, I'm Bruno. Ikehir, a trader in the Chief Investment Office, specializes in derivatives trading. ”

"What? Chief Investment Office? ”

Zhong Shi stood up. He shook his hand gently, and then asked puzzledly. "I don't seem to have heard of this kind of institution before."

"It's normal that you haven't heard of it!"

Bruno. Ixhir shrugged disappreciatively, "We're just an office with three people, and our main responsibility is to deal with some exposures, and our headquarters are here, trading in the over-the-counter market. Very few people in the market can notice us, people who are not from our company, and may not have heard of such a department at all. ”

"That's right!"

Zhong Shi nodded, his gaze at the other party suddenly changed, and he said solemnly. "It's a pleasure to meet you, Mr. Ixhir."

Feeling the difference in Zhongshi's attitude towards himself, Ixir immediately had a feeling worthy of the name, and he just said a few words in a general way, and the other party immediately realized his particularity and importance, and then treated himself seriously.

At the same time, he also secretly felt frightened, reminding himself not to talk nonsense, it would not be good if such a shrewd other party noticed something.

Zhong Shi's judgment is simple: if a department of only three people can handle the exposure of the entire JP Morgan, then the department must be made up of the best of the best. Just because of this professionalism, it is also worth taking Zhongshi seriously.

His guess was right, the department was indeed made up of JP Morgan's top derivatives traders. The team of only three people, in addition to protecting JP Morgan's hundreds of billions of dollars in bonds, also earns JP Morgan hundreds of millions of dollars in profits every year through trading in the derivatives market.

The Bruno in front of him lives in Paris on weekdays, takes a plane to London to work every morning, and then flies back to Paris to rest after work. The commute to work was extravagant, and the plane was paid for by JP Morgan, but it was nothing compared to his value.

Of course, even this Bruno. No matter how good Ixhir is, he can't compare to Bell Stone, so he has to behave respectfully in front of Bell Stone.

"I don't know what bond CDS Mr. Zhong Shi wants to buy?"

Bruno. "I'm not looking into your positions, it's just that based on what you're talking about, I need to know what kind of bonds you hold, and at the same time, I can match you in the market." ”

He obviously already knew the amount that Zhong Shi wanted to buy, but he didn't say a difficult word, obviously confident that he would eat Zhong Shi's deal.

"Apple, Microsoft, AIG, Lockheed Martin, Ex-Mobil, Chevrolet, Berkshire Hathaway, ......"

Zhong Shi blurted out, and a long stream of names of top American companies came out of his mouth, and after a while, he explained, "I'm sorry, I bought the debt of high-quality companies, and I originally intended to diversify the risk, but I didn't expect that there was a problem with the recovery of the U.S. economy, and now I have to risk the exposure of these companies." ”

"Good guys, it's basically enough to make the CDX roster list!"

Bruno. An exaggerated expression appeared on Ixhir's face, "It's all super companies, I think your investment is very reasonably distributed, and it's a good move to buy CDS for protection." If it were me, I would do the same. ”

"What is CDX?"

Zhong Shi calmly accepted the other party's compliment, but the next moment he asked a sentence that surprised the other party.

"You don't know CDX?"

Bruno at the moment. Ixhir was tempted to blurt out a rhetorical question, but he quickly realized that it would be very rude for him to do so, so he immediately shut down his words and replaced them with an explanation, "Actually, CDX is the index of CDS." ”

"CDX is actually an abbreviation of MarkitCDX.NA.IG."

He patiently explained, "The full name is CDS, a North American investment grade rating company, and CDX is a common term for our traders, and to put it bluntly, it is an index. (To be continued.) )

PS: Thank you book friends for cutting off the oil and Xie Peihan for voting for the monthly ticket! If you can understand as much as you can write first, you can't let everyone wait too long, and you have to continue to study slowly. I hope that everyone can vote for the sake of the author's not easy ~ thank you very much~