Rebirth of the Capital Legend

Chapter 246 You are not qualified to be my opponent!

"Hello, Miss Fang!" As Su Yi looked around, a young man came over with a smile and greeted Fang Wanqing, "You look so beautiful tonight. Last time at the Media Asia Financial Summit, I wanted to invite you to dinner, but later I heard that you left with your friends. I felt very sorry. I hope Miss Fang can give me a chance this time."

"I'm really sorry, Mr. Gu. I did have something urgent to do last time." Fang Wanqing responded with a smile.

The young man saw Fang Wanqing's indifferent attitude towards him, as if she was deliberately keeping a distance. He also saw Su Yi beside Fang Wanqing, so he immediately turned his gaze to Su Yi and asked in a hostile tone, "Is this gentleman... Miss Fang's colleague? Or a friend?"

Fang Wanqing replied: "This is my friend."

"Hello." The young man nodded slightly and extended his hand to Su Yi. "I am Gu Huaming from Tianhe Capital. May I know how to address my friend?"

"Tianhe Capital?" Su Yi glanced at the young man indifferently, a little surprised.

He had heard of the institution 'Tianhe Capital'.

This institution is well-known in the Hong Kong financial circle and the entire Southeast Asian investment circle. Its main investment business direction is the "real estate" and "retail" industries in the primary market. The head of the institution is named Gu Chijiang, and the young man in front of him claims to be surnamed Gu.

Su Yi secretly guessed that the other party must be related to Gu Chijiang.

"Su Yi from 'Hua Yi Capital'." Su Yi simply extended his hand and shook hands with the other party without giving any further introduction.

"Huayi Capital?" Gu Huaming frowned slightly, as if he had never heard of such an institution.

Huayi Capital, headed by Su Yi, was established less than half a year ago, and its business is currently limited to stock investment in the A-share market. This is normal for people in the Hong Kong financial circle, who are clearly separated from the mainland financial circle, to have never heard of it.

After all, the current 'Hua Yi Capital'.

Although it has the trading seat of 'Financial Street Fuxing Road' and the main product of the fund 'Huayi Expedition No. 1'.

He has gained a little fame in the mainland financial circle.

But for the time being, it is definitely impossible to compare with the reputation of these old institutions and large asset management companies in the industry.

"Hey, Mr. Su, nice to meet you again." Just as Gu Huaming was thinking about Su Yi's specific identity, Dennis in the distance saw Su Yi and Fang Wanqing, and hurried over, smiling and said to Su Yi, "The last time I talked with Mr. Su, I was still not satisfied. This time, we must have a good talk tonight."

"Okay." Su Yi smiled.

"I am very interested in the quantitative trading you mentioned last time." Dennis said, "After I went back, I discussed this with my classmates on Wall Street. My classmates said that many institutions on Wall Street have already started program trading, using program trading to replace traders, but the whole model is not yet mature."

"With the further update of computer hardware and software technology and the explosion of AI technology in the future, 'quantitative trading' will definitely become the standard of institutional trading model in the future." Su Yi said, "It's just that it is currently restricted by various hardware and software technologies, and its application is indeed not yet mature."

Although major institutions currently use some auxiliary trading tools.

But the most relied upon and core thing is the internal team of traders who carry out continuous trading operations.

In other words, the traditional trading model of the past is still the mainstream at present.

"Oh, by the way, Mr. Su mentioned the recent investment opportunities in the foreign exchange market. He believes that the exchange rate of the eurozone currency will fall as the European economy weakens and the Federal Reserve's expectations of a possible interest rate hike increase increase." Dennis said, "I wonder why you think the European economy will continue to be weak and recovery will be relatively difficult?"

Su Yi smiled and said: "The changes in economic structure, the most important transfer of industrial capacity, the division of interests among countries within the entire EU, and the long-tail effect caused by the 08 financial crisis are all serious obstacles to Europe's economic recovery. Sovereign currency is the most intuitive expectation that reflects economic fundamentals. Since the economic recovery is full of difficulties, the exchange rates of related currencies will definitely not perform well based on the continued increase in expectations of US dollar interest rate hikes.

In fact, the current mainstream currencies include the euro, Swiss franc, and pound sterling.

The actual exchange rate is at the historical level of the 08 financial crisis, which is a reflection of the pessimistic expectations of global investment institutions and major hedge fund companies about the European economic recovery.

"What do you think about the future exchange rate changes between the U.S. dollar, the Chinese yuan and the Hong Kong dollar, Mr. Su?" Dennis continued to ask.

Su Yi thought for a moment and responded, "From the perspective of global economic changes, as long as the global economic development model of multilateral cooperation continues, the exchange rate of our Chinese currency will become stronger and stronger, and continued appreciation should be foreseeable. As for the US dollar...it depends on the attitude of the Federal Reserve."

"Why does Mr. Su think that the exchange rate of the Chinese yuan will continue to rise in the future?" Dennis continued to ask curiously.

Su Yi said: "This is the inevitable result of our country's continued rise in national strength and global influence. It is also an inevitable manifestation of the improvement in the global competitiveness of our industrial products. Whether you admit it or not, you cannot deny the fact that our country has become a global manufacturing center and an industrial product output and export center, right?"

"I don't think so." Dennis pondered for a while, and before he could respond, a blond man interrupted with a smile, "China is indeed the global manufacturing center for industrial products, but this is limited to low-end industrial products. The industries in which these products are located are all fully competitive industries. Without high added value as support, it is difficult to form real brand power and competitive strength. The Chinese currency... is not currently the mainstream currency in global trade, so... I think it is actually meaningless to talk about the exchange rate changes of the Chinese currency.

For global non-mainstream trade currencies.

The change in its exchange rate depends mainly on the central bank’s monetary policy rather than on its global international competitiveness.”

"Gary, isn't that a bit arbitrary?" Dennis glanced at the blond man and said, "As far as I know, the International Monetary Fund has included the Chinese currency in the global mainstream monetary system and made it one of the global basket currencies. From my point of view... I am optimistic about the future economic development of China."

The Gary that Dennis mentioned is a foreign exchange trader at the Hong Kong City branch of the world-renowned asset management institution "Vanguard Capital" Group. He is in the same industry as Gary. Both of them were born in California, USA, and work in Hong Kong City. They meet and communicate frequently, so they are relatively familiar with each other.

However, this is different from Dennis's good impression of China.

Although Gary is considered an expert on China, he still has a deep-seated and arrogant attitude towards China.

They also always regard China as a low-end, backward country.

It is believed that its future development potential is far inferior to that of Japan and South Korea.

"Although the Chinese currency has entered the global basket of currencies, looking at major institutions around the world..." Gary said, "Dennis, have you ever seen an industry institution that does Chinese currency exchange rate transactions?"

"That's not the case," Dennis had to admit.

Su Yi smiled and responded: "Judging the direction of a country's economy based on the number of foreign exchange traders and pure liquidity is, in my opinion... just like looking at the sky from a well."

"What does 'sitting in a well and looking at the sky' mean?" Gary asked, not quite understanding the meaning of the word.

Dennis coughed lightly and said, "According to Mr. Su, he means that you are like a frog sitting in a well, only seeing a piece of sky above the well, and thinking that you can see the whole world."

"Hmph..." Gary didn't expect Su Yi to scold him, and snorted coldly.

He couldn't help but ridicule Su Yi and then walked away alone.

As Gary left, Gu Huaming stood there awkwardly for a while. Seeing that Fang Wanqing never even glanced at him from beginning to end, he could not help but walk to other parts of the venue in boredom.

"Mr. Su, let's continue with the topic we were talking about earlier." Dennis continued with a smile. He continued to discuss with Su Yi the possible investment and speculation opportunities in the foreign exchange market.

Fang Wanqing also kept greeting some familiar people who came and went.

Even though she was far away in Hong Kong, thanks to her strong family background and the hidden power behind her, many people in Hong Kong's financial circles or business celebrities would pay attention to her and give her some face. Even... many Hong Kong business tycoons would take the initiative to greet her and ask about the well-being of her family.

As for Su Yi...

Because Huayi Capital is not well-known.

In Hong Kong City, he is basically transparent.

Apart from Dennis, a foreigner who was obviously a chatterbox, almost no one took the initiative to talk to him.

Of course, since he came with Fang Wanqing, and their behavior clearly showed a close relationship, this also attracted a lot of attention and speculation.

It also aroused the jealousy of many young people present.

After all, Fang Wanqing not only has a good family background, but she is also very beautiful.

At this party, any family or young people who are interested in developing business in the Mainland in the future will have some ideas in their hearts.

"Whose child is the young man who came with Miss Fang? Why haven't I seen him before?"

When many eyes gradually shifted to Su Yi because of Fang Wanqing, many people in the venue began to ask each other about Su Yi's background and identity.

"I heard he's from mainland China, but I don't know whose child he is."

"I just asked. He is an employee of a company called 'Hua Yi Capital'. His name is Su Yi." Gu Chijiang responded.

"Hua Yi Capital? I haven't heard of it!"

"'Hua Yi Capital'? Su Yi." Amid the discussion, Zhang Yanjun, investment manager of Hongyuan Capital in Hong Kong, was shocked when he heard the name, "The one who attacked Jingcheng Holdings some time ago?"

On the stock of 'Jingcheng Holdings'.

He was severely harmed by Su Yi, so he carefully checked the other party's identity, background, and origins in private.

Later I learned that the other party was in the mainland, and within half a year, in the hellish investment environment of the A-share market with continuous stock market crashes, he had achieved an investment performance of hundreds of times. I was shocked and started paying attention to this person.

"Lao Zhang, do you know this young man?" someone asked in surprise.

Zhang Yanjun responded: "He may not be well-known in our Hong Kong city, but he is very famous in the mainland's Magic City. I heard that during the bull-bear transition phase of the A-share market last year, he accumulated hundreds of times the original capital during several rounds of stock market crashes, and in a short period of time, he established an investment institution with a management scale of tens of billions."

"You're bragging, right?" the other party replied. "In the second half of last year, with the A-share market environment, how could we have such a strong investment record?"

"If you ask me, the ecological environment of the A-share market is problematic."

"A-shares are just a small pond where children play, a relatively closed investment market."

“It’s not a big deal to be able to achieve success in the A-share market, right?” said a staff member of a Hong Kong-based institution. “If you really have the ability, you need to achieve success in the international financial market, that’s really impressive.”

"Your Chinese financial market is a closed trading market for children to play with." Gary, a foreign exchange trader at the Hong Kong branch of Leading Capital who had hit a snag with Su Yi before, said arrogantly during the conversation, "Whether it is the system, the trading model, or the trading ecology, it is at least 50 years behind the international financial market. There are too many rules, which block foreign investment funds. Otherwise, none of your domestic institutions can compete."

"There is indeed a huge gap," a member of a domestic organization admitted helplessly.

"You should open up your market," said a British man named Gerald from Huifeng Asset Management in broken Chinese. "Let us teach you what 'finance' means."

"Haha... they don't dare." Gary laughed. "After all, in the past financial history, Chinese capital has never won a single victory when attacking overseas."

“That was before, but not anymore.”

As many foreign institutions were arrogantly mocking, Su Yi suddenly interrupted coldly.

"In my opinion, it will be no different in the future," Gary said. "What you play now was outdated in the United States a hundred years ago."

"Really?" Su Yi smiled. "In the financial market, arrogance and contempt will pay a price."

"Oh, the price?" Gary said disapprovingly, "Do you have the ability to do that?"

Gary glanced around at the state-owned institution staff and continued, "I heard that Mr. Su has a good investment record in China. I wonder if he dares to go overseas and try his hand in the international financial market?"

"Why not?" Su Yi said with a smile, "I'm just afraid that Mr. Gary is not qualified to be my opponent."

"You..." Gary was angry.

"Mr. Su's words... according to the words of you Chinese, aren't they a bit arrogant?" Seeing Gary's defeat, a middle-aged foreign man with a beard in his thirties at the venue took over the conversation and replied, "I don't know, am I qualified to be Mr. Su's opponent?"

"Who are you...?" Su Yi turned his gaze to the middle-aged man.

The middle-aged man replied, "Godfrey, the hedge fund manager of 'Huifeng Global Asset Management', business center of 'Huiyu'."

"Okay!" Su Yi nodded with a smile, "I hope that when I really appear in the global financial market, Mr. Godfrey will be able to fulfill his promise today."

After saying that, Su Yi glanced at the many people at the scene who were fawning over the senior executives of these well-known foreign institutions and managers of many foreign investment institutions, and even complained about the domestic financial system, environment, and demeanor, and were indifferent to the ridicule of the foreign institutions' staff. They were spineless domestic people, as well as Hong Kong's financial investment institutions and even business people.

Suddenly I felt that this party was meaningless.

So, he simply told the organizer that he was not feeling well and left.

When he walked out of the hotel door.

Fang Wanqing, holding up the hem of her evening gown and wearing high heels, also hurriedly chased after him.

(End of this chapter)