Rebirth of the Capital Legend

Chapter 250: Position losses exceed $1 million!
"Thank you Miss Fang, and thank you Ms. Li for your help." Su Yi replied, "The $3000 million will be repaid with interest in two months at most."

Su Yi was very grateful for Fang Wanqing's kindness and Ms. Li's help.

He is not the kind of pretentious or squeamish person.

At this time, he needed a large amount of funds to invest in the financial battlefield, so he would not reject the good intentions of the other party for the sake of face or backbone.

"I hope you can keep your promise." Ms. Li said with a smile.

Then, he stood up, held Fang Wanqing's hand and walked out. When she reached the door of the coffee shop, she saw Su Yi still standing there in a daze, and couldn't help but turn around and ask, "What's the matter? Are you not in a hurry now?"

Su Yi was slightly stunned when he heard her words, and asked, "Are we going to Huifeng Bank now?"

"What else?" Ms. Li said, "Although I don't understand finance, I also know that the financial market changes rapidly. Since you are in such urgent need of funds, it must be a very urgent time. So... why not take advantage of the fact that the banks are still open and I can help you with this matter. In this way, the funds may be available before the market opens on Monday."

"Thank you so much, Ms. Li." Su Yi expressed his gratitude again.

Then, he went to the credit department of Huifeng Bank in Hong Kong together with Ms. Li and Fang Wanqing, and with the guarantee authorization of Ms. Li, he borrowed 3000 million US dollars from Huifeng Bank.

"Su Yi, come on!"

When Su Yi received the 3000 million US dollars of funds approved by Huifeng Bank, Fang Wanqing encouraged him with a smile as the three of them were about to part ways.

"Don't worry." Su Yi smiled and waved to Fang Wanqing, saying, "I will consider this 3000 million US dollars as your investment. I will definitely return it to you with interest in two months."

"Okay, I believe you." Fang Wanqing said.

Although she knew that Chinese capital had never had a chance of winning in its confrontation with foreign capital in the international financial market.

But he firmly believed that Su Yi was an exception.

Because in the past few days of communication and contact, she knew that Su Yi was definitely not the kind of gambler who would easily rush in and ignore risks. Instead, he was more like an outstanding "general" who could plan before taking action, lead troops in decisive battles, and make every possible effort in the financial market and even the investment market.

And she wanted to...

This is probably one of the reasons why Su Yi can attract her.

After the separation, Su Yi did not return to his accommodation. Instead, he convened an internal meeting in the company's Hongcheng branch's internal group to formulate subsequent transactions and operation plans.

Plus the 3000 million US dollars that Fang Wanqing helped him raise.

The new funds he currently has in his hands total nearly 1 million US dollars.

"What's the market news like over the weekend?" Su Yi asked Wang Huaijin during the meeting.

Wang Huaijin replied: "After President Su asked me to release the news, all the major financial institutions in Hong Kong and the mainland, as well as many foreign investment institutions that have paid attention to the fluctuations in the pound sterling exchange rate, have already known about the holding difficulties faced by our company's 'Hua Yi Cheng Yuan No. 1' fund.

Based on what I understand.

Global asset management giants that have set up investment institutions in Hong Kong, such as Huifeng Asset Management, Hashimoto Investment, Leading Capital, and Pacific Capital, as well as some local Chinese institutions in Hong Kong, all have a lot of long positions in British pounds and hope that our company's positions in the pound will be liquidated, thereby further exacerbating the appreciation of the pound exchange rate.

In addition, there are some financial institutions, as well as numerous retail investors and hot money in the foreign exchange financial market.

We are currently shorting the British pound exchange rate and are being continuously squeezed out by major global financial investment institutions, which makes us very pessimistic.

On major domestic foreign exchange investment exchange platforms.

Posts about our institution being forced to short the British pound and being on the verge of a margin call have been flooding the screen.

Many people say…”

When Wang Huaijin said this, he couldn't help but pause.

Seeing his hesitant expression, Su Yi smiled and said, "What do many people say? It's okay, Mr. Wang, just say whatever you want to say."

Wang Huaijin coughed lightly and continued, "Many people say that you, Mr. Su, are overestimating your own abilities. They think that you... were too hasty to rashly short the pound exchange rate."

"I'm afraid the discussion online is much more unpleasant than what you just said, right?" Su Yi smiled and said, "But it doesn't matter. The financial market has always judged heroes by their success or failure. Domestically and internationally... so many people want to see our institution go bankrupt. It seems that our institution's shorting of the pound exchange rate has attracted widespread attention from the domestic and international financial circles."

"That's true." Wang Huaijin said, "I heard that a hedge fund under the Goldman Sachs Group has started to enter the market and go long."

"Very good." Su Yi nodded with a smile.

"Mr. Su...should we continue to increase our short positions on the British pound exchange rate?" Qu Zecai asked.

Su Yi replied: "You can slowly increase your position and continue to lure more investors, but you have to control the pace. When there is no major change in market news, the increase in position should be controlled within 1000 million US dollars."

"Okay." Qu Zecai responded, and then asked, "What does President Su mean by the major change in the news?"

Su Yi smiled and said, "There are many news factors that affect the pound exchange rate. I am not sure what important news there will be at the moment, but I know... According to the economic data of the UK in the past one or two years, its economic expectations and economic recovery expectations are not very good. It is not easy to hold up the pound exchange rate at this position. In other words, as long as there is no problem with the underlying logic, then... we just need to wait patiently.

As for short-term exchange rate fluctuations, they are nothing more than disturbances in market sentiment.

As long as we can withstand the bulls’ swift and urgent short squeeze and try to lure the enemy deeper, then... the final victory will definitely belong to us.”

"Okay." Qu Zecai nodded and said, "Then I will have the traders execute Mr. Su's trading plan tomorrow after the market opens."

Su Yi nodded slightly, thought for a moment, and said, "Manager Qu, in the pound exchange rate trading market, with both long and short positions soaring rapidly, the exchange rate fluctuations will inevitably intensify. Our institution has a huge position, so I'm afraid we'll have to watch the market 24 hours a day.

You should divide the current trading team into three groups and have them trade in shifts."

Qu Zecai replied: "I have divided the traders into three groups to trade in shifts, but regarding the personnel arrangement of each trading team leader..."

"You decide." Su Yi said.

As long as the company's entire trading team is executing according to his strategies and trading instructions.

He would not interfere with trivial matters such as staffing and group division within the trading group. These matters... were originally Qu Zecai's job.

Just when Su Yi was convening an internal meeting of the company to decide on the subsequent transaction plan.

At this time, many foreign exchange investment institutions and hedge fund companies at home and abroad are still discussing fiercely the dilemma of the pound sterling exchange rate squeeze caused by the heavy holdings of the 'Hua Yi Cheng Yuan No. 1' fund headed by Su Yi.

"Hey, Mr. Godfrey, have you heard? This afternoon, Mr. Su Yi of Huayi Chengyuan No. 1 Fund borrowed 3000 million US dollars from your Huifeng Bank, and I also heard..." At a private banquet in Hong Kong, Mr. Sato of Mitsui Jiayou Investment Company's Hong Kong Branch smiled and revealed to Godfrey, the manager of Huifeng Global Asset Management's Huanyu hedge fund, "This Mr. Su returned to mainland China and raised nearly 1 million US dollars in two days, preparing to make a big move on the pound exchange rate."

"Really?" Godfrey said with a smile, "Mr. Sato is very well-informed. I heard about it before I came here. It was Ms. Huo Jiali, who is well-known in Hong Kong, who guaranteed Mr. Su. But even if Mr. Su raised $1 million in funds in a short period of time, he still couldn't avoid the fate of liquidation in the end."

"Is Mr. Godfrey so confident?" Sato said with a little surprise. Although he did not think that the pound exchange rate had much momentum to fall at this point, he also did not think that the pound exchange rate could continue to strengthen and force the other party to be unable to close the position.

"Don't forget, I'm English," said Godfrey.

"I understand." Sato was slightly stunned, then laughed, "Then I wish Mr. Godfrey can make a lot of money in the battle of the pound exchange rate."

"Mr. Sato, don't you want to come down and play a game?" Godfrey asked with a smile.

Sato said: "Seeing that Mr. Godfrey is so confident, of course I want it, but my expectations are not high. As long as the pound exchange rate can break through 1.5, I will take profit and close the position and leave."

"No problem," Godfrey said. "In a week at most, the pound exchange rate will definitely break through the 1.5 mark."

As they spoke, the two looked at each other and burst into laughter.

And at the same time...

In the Gu family villa where the boss Gu Chijiang of Tianhe Capital Company in Hong Kong is located.

Gu Huaming, who was ignored by Su Yi at the dinner party held by Huifeng Bank, was now in high spirits. He smiled and said to Gu Chijiang, "Dad, what do you think about the fact that Huayi Capital is currently trapped in the dilemma of the British pound exchange rate bulls' continuous short squeeze and has suffered a huge loss of nearly 1 million US dollars?"

Gu Chijiang snorted coldly and said, "What can I say? I can only say that this Su is overestimating his own abilities."

"I think so too." Gu Huaming smiled and continued, "I also heard that the Fang family supported this kid named Su with hundreds of millions of funds."

"Is that true?" Gu Chijiang frowned.

Gu Huaming nodded and said, "Yes, today, Ms. Li from the Huo family helped this Mr. Su to borrow 3000 million US dollars from Huifeng Bank as a guarantor. It seems that Mr. Su's loss from shorting the pound exchange rate is much greater than we imagined.

This guy is so anxious to raise funds, he must be holding a large position and is on the verge of a margin call.

We have to continue to replenish the margin.”

Gu Chijiang thought about his son's words carefully for a while and said, "It seems that this rising star who is known as the 'stock god' in the mainland, especially in the financial circle of Shanghai, is going to fall in this battle between long and short positions in the pound exchange rate. However...what is puzzling is why the Fang family still wants to invest money to take a gamble when it is obviously a losing game?"

"I don't know about that." Gu Huaming said, "I saw that the girl from the Fang family was very caring towards the boy surnamed Su. I guess... that's probably the reason."

"That's possible." Gu Chijiang nodded slightly.

"Father, do you think this kid named Su has a chance of winning?" Gu Huaming asked.

Gu Chijiang chuckled and responded, "Don't even mention a chance of winning. In the current situation, this guy probably doesn't even have a chance of winning. Forget about making money from the pound and leaving the market. It would be good if he could withstand the pound exchange rate riot on Monday and close the position before the margin is lost."

"Father, do you think this kid will continue to carry on?" Gu Huaming asked.

Gu Chijiang pondered for a while and said, "That's uncertain. I don't know much about this person's previous trading style and operation style, but... taking advantage of the moment when major institutions are forcing shorts and buying longs, we can enter the market and pick up a bargain. If we follow the trend and force a short position, we will probably make a profit."

Thinking of this, he began to formulate a corresponding trading plan.

Decided to follow the institutions that shorted Huayi Capital and go long to earn some profits.

Just when Gu Chijiang decided to invest money and use the fund products under "Tianhe Capital" to go long on the British pound exchange rate.

There are posts on the online platform about Su Yi being trapped in the foreign exchange market and facing a margin call.

It also quickly began to spread from the foreign exchange investment discussion circle to the domestic A-share market investment circle, shocking countless retail investors in the domestic A-share market who had previously witnessed Su Yi's miraculous stock manipulation skills.

"What's going on? Mr. Su from 'Financial Street Fuxing Road' switched to the foreign exchange market and was hunted by international capital?"

"Holy shit, is it true?"

"I heard that the fund managed by Mr. Su has suffered a loss of 1 million US dollars in the foreign exchange market."

"I also heard that Mr. Su is raising funds and continuously increasing the margin for the main positions."

"Oh my god, this is big news."

"That's impossible. That's President Su. Can a big boss be cut?"

"Nothing is impossible. This is an extremely dangerous foreign exchange market, and it is a market dominated by international capital."

"Hey, what a familiar scene! When Chinese companies invest overseas, do they only get reaped the rewards from foreign investment? This is too frustrating."

"If President Su can't do it, then there should be no one in the country who can do it, right?"

"I don't believe that President Su will be hunted down by international capital."

"Looking at the recent exchange rate trend of the British pound, it does seem to be forced to short. Damn... It has risen by nearly 1000 basis points in a week. If Mr. Su sells short on a large scale at a low level, there is indeed a possibility of liquidation. After all, the leverage in the foreign exchange market is too high, and the risk of liquidation is extremely high."

"No matter what the final result is, we must support President Su in defeating the bulls!"

“Yes, we must support it.”

"Speaking of which, how do you trade foreign exchange? Damn it... At least we have to give some support to President Su."

"I don't know how to trade either. I need to ask an expert."

As relevant news continues to spread and spread rapidly...

The news that Su Yi's proprietary fund product 'Hua Yi Cheng Yuan No. 1' was trapped in the foreign exchange market and suffered a loss of hundreds of millions of US dollars in shorting the British pound, and was forced to short by international capital, spread more and more widely, and the discussion on the entire network became more and more heated, attracting more and more attention at home and abroad.

At the same time, its popularity is soaring rapidly.

Prepare to snipe the "Huayi Chengyuan No. 1" fund and force Chinese investment institutions and hedge fund companies to short sell.

It is also increasing.

And with such emotions and enthusiasm brewing.

When Monday, November 5nd arrives.

The pound sterling exchange rate jumped directly from 1.4922 at the close of Friday to 1.5031. As soon as the market opened, the losses of Su Yi's main positions continued to surge by more than 5000 million US dollars, and the total loss of the entire fund product officially exceeded 1 million US dollars.

(End of this chapter)