Hong Kong films: From street thugs to Hong Kong financial tycoons
Chapter 73: A desperate counterattack, a comeback with 35 billion in pure cash!
Hong Kong, Far East Finance Centre, 48th floor, Yaosheng Capital Trading Hall.
"Close the gate, slaughter the pig!!!"
Lin Yao's roar, as loud as a bell, echoed wildly in the closed trading hall, causing the crystal chandelier above to emit a faint hum.
The air seemed to be drawn into an absolute vacuum in that instant. The hundred red-vested traders, whose eyes were bloodshot and whose fingers were stiff from extreme tension, even experienced a brief blank in their minds when they heard the counterattack order.
Three hundred and fifty billion US dollars, pure cash, to go head-to-head with a two hundred billion dollar leveraged short position on Wall Street. What does that mean?
In the late 1980s, this amount of money was enough to buy the entire GDP of a small, developed country for a whole year.
And now, the boss is actually going to treat this terrifying fortune, which is enough to trigger World War III, like a nuclear bomb and detonate it in the Nasdaq trading pool on this ordinary afternoon.
"boom!"
After a brief, 0.1-second silence, the entire hall erupted into a hysterical frenzy.
"One group received. Maximum access has been unlocked for 300 UBS offshore accounts!"
"Group Two received. The Citibank Clearing Center's funding channels are open, with no limits or restrictions!"
"Three sets of buy orders with full margin are ready, bullets are loaded, and they are ready to fire at any time!"
One hundred traders were like one hundred mad tigers, their ten fingers creating a frenzied blur on the specially made mechanical keyboard.
The rapid, clattering sound of the keyboard was as dense as a heavy machine gun firing wildly on the front lines.
At the control panel, Chen Zheng, a top-notch financial trader who had seen it all before, was now trembling uncontrollably.
It wasn't out of fear, but out of an extreme excitement at the prospect of personally slaying a god.
With trembling hands, he simultaneously inserted three physical keys, each representing the highest authority of a different international bank, into the metal recesses of the main console.
"Click! Click! Click!"
Immediately afterwards, he took off his gold-rimmed glasses and pointed his eyes at the retinal scanner.
[Pupil and iris verification passed.]
[Yaosheng Capital's ultimate capital pool, totaling US$35 billion, has been unfrozen.]
The moment the synthesized voice rang out from the control panel, Chen Zheng abruptly turned his head, his eyes bloodshot as he looked at Lin Yao sitting in the boss's chair.
"Boss, the nuclear button has been activated!"
Chen Zheng's voice was hoarse, like a torn rag.
"Three and a half billion US dollars, ready to be liquidated at any time!"
Lin Yao remained seated, leaning slightly forward, his deep eyes fixed on the enormous LCD screen that occupied an entire wall directly in front of him.
On the screen, Lionsgate's stock chart was still being relentlessly crushed by Wall Street's two hundred billion leveraged short positions, a deep red waterfall of despair plummeting towards the abyss.
The drop has reached a chilling 38 percent!
Lin Yao did not give the order immediately, but instead looked at the green K-line as if admiring a perfect work of art that was about to be shattered by his own hands.
one second.
two seconds.
three seconds.
When that deep red candlestick finally broke through all the technical support levels and was about to fall below the issue price, triggering the final millimeter of mandatory delisting procedures.
Lin Yao's eyes suddenly erupted with boundless killing intent that seemed to swallow the heavens and earth. He raised his right hand and slashed down fiercely in mid-air.
"Smash it for me!!!"
"Bang!!!"
Chen Zheng's large hand, which had been poised to strike, slammed violently onto the red confirmation button on the control panel, which represented a full-position buy, as if he were swinging a massive hammer.
This smash didn't just produce numbers; it unleashed the most savage, violent, and irrational ultimate monetary power in human financial history.
Following the submarine fiber optic cable spanning the Pacific Ocean, a data package containing $35 billion in pure cash transformed into an unstoppable torrent of steel, crashing into the Nasdaq trading board on the other side of the ocean at the speed of light.
……
Inside a top-secret meeting room in a Manhattan skyscraper in New York City, USA.
The festivities continued, with the rich smoke from high-end cigars mingling with the aroma of fine wine, immersing these Wall Street tycoons in a perverse thrill of world domination.
"Cheers! To the glory of Wall Street, and to the foolish Asian nouveau riche!"
Paul, the president of MSI, with a flushed face, raised his glass and clinked it heavily with Andy, the president of Intel, the glass clinking together with a crisp sound.
"That kid is probably already preparing his will."
Andy took a sip of red wine, a cruel glint in his eyes.
"A drop of 38 percent means our 200 billion leveraged short positions are like a mountain pressing down on his chest."
Even if he still has billions of dollars in pocket money on his books, throwing it into this abyss wouldn't even make a ripple!
Sitting in the main seat, old Morgan was enjoying a head massage from his female assistant with his eyes closed.
His wrinkled face held a hint of arrogant disdain. For a veteran vampire like him, who had lived for nearly eighty years, killing a rising tycoon was nothing more than a mundane daily routine.
"Keep the leverage up, don't give him any chance to breathe."
Old Morgan gave instructions with his eyes closed, in a very casual manner.
"Before the market closes, I want to see Lionsgate's market value turn negative, and I want to use all of its private jets and the Peninsula Hotel in Hong Kong to pay off its debts."
However, no sooner had old Morgan finished speaking than...
"Beep—beep—beep—!!!"
On the conference room wall, the giant Nasdaq data screen, which had been displaying a ghastly green waterfall of decline, suddenly emitted an extremely sharp, even piercing, high-risk system alarm.
The alarm was so sudden, it sounded like an air raid siren exploding right next to my ear.
Paul was startled by the sound, shaking a bit of ash from his cigar. He turned around impatiently to look at the screen: "Fuck, what kind of broken system is this? Did our sell orders crash the exchange's servers?"
However, the moment his gaze truly focused on the screen, Paul's originally fleshy face froze instantly.
The color drained from his face at a visible speed, turning it into a deathly pale face in the blink of an eye.
"Bang!"
Paul's glass of Romanée-Conti, worth tens of thousands of dollars, slipped from his hand without warning and crashed heavily onto the expensive carpet, splashing the crimson liquid all over his trouser leg, but he was completely unaware.
"Paul, what's wrong with you? Are you seeing a ghost?"
Andy frowned, following Paul's dazed, ghost-like gaze, and turned his head with some confusion to look at the big screen.
The next second, Andy's pupils suddenly contracted to the size of an extremely dangerous pinhead.
He felt as if he had been struck head-on by a 100,000-volt high-voltage electric current, and was thrown directly up from the leather sofa, letting out a shrill scream like a rooster being choked.
"What the hell is this?!"
On the big screen, the candlestick chart that had been pinned down by their 200 billion short positions and was about to plummet to the bottom was back up.
Suddenly, without warning, a terrifyingly thick and outrageously large green trading volume bar appeared at the very bottom of the order book.
That green payment column was enormous. It didn't climb up in sections; it just slammed onto the big screen in a teleportation-like manner.
On the buy-side queue of the trading software, the buy order data that originally only had a few million yuan suddenly flashed and turned into a terrifyingly long string of numbers that caused the software's layout to become misaligned.
[Number of orders: 999,999,999+ (Exceeded display limit)]
[Purchase Funds Type: Unleveraged, pure cash in foreign exchange!]
[Estimated total funding: 35,000,000,000.00 USD!!!]
Three hundred and fifty billion US dollars, all in cash!
Old Morgan shoved his female assistant away, stood up tremblingly with his cane, and for the first time, a genuine, soul-deep fear surfaced in his cloudy old eyes.
"This is impossible...this is absolutely impossible!"
Old Morgan was like a madman, frantically pounding the ground with his cane and roaring hysterically.
"Three hundred and fifty billion dollars in pure cash. It's impossible for the entire United States, including the Federal Reserve's vaults, to mobilize so much unsecured cash in half an hour."
"Is Lin Yao some kind of God who can print money? This is cheating! This is a data error on the exchange's end!"
However, Nasdaq's cold and ruthless trading engine delivered a brutal slap in the face to J.P. Morgan.
This is not a data error; it's real money flowing into the market to buy up goods. That massive $35 billion in support is like an ancient, colossal beast with its jaws wide open, ready to devour everything.
A ten million short order from Wall Street? He swallowed it all in one gulp, without even a burp!
A hundred million was poured in? It was absorbed instantly, the stock chart didn't even flinch!
A billion dollars? We'll take it all and immediately launch a powerful upward surge!
It's too brutal. This kind of savage approach, which doesn't talk about any financial tricks or technical analysis, but is purely about "I have a lot of money, so I'll smash your skull with money," completely stunned these senior financial elites on Wall Street.
The deep red candlestick, which had originally fallen by 38%, was abruptly halted by the massive injection of 35 billion in pure cash.
Then, it turned around, surged, and soared!
The decline narrowed to 30%!
The decline narrowed to 20%!
The decline has narrowed to 10%!
That towering green pillar, rising straight up, was like a red-hot sword, piercing straight through the dark clouds of Wall Street built up by two hundred billion dollars of fictitious leverage.
"No...stop, stop the hell right now!!!"
As Andy watched the green line surge upwards with incredible ferocity, his legs went weak, and he collapsed to his knees in front of the screen, clutching his hair in despair.
Why stop?
Because in the financial market, short selling can kill you, and kill you so badly that you're left with nothing but a mangled corpse!
For ordinary people, the worst that can happen when they go long on stocks is that the price drops to zero, resulting in the loss of all their principal.
However, short selling is different. Short selling involves borrowing stocks from a brokerage firm, selling them, and then buying them back when the price drops to return them. If the stock price rises instead of falling, the brokerage firm has to pay a higher price to buy them back.
In theory, there is no upper limit to the rise in stock prices, so the losses from short selling are infinite!
Even more critically, the leverage was too high. In their pursuit of a decisive blow, Morgan and his team had just pushed the leverage to fifty times, creating that two hundred billion dollar short-selling scheme.
What does 50x leverage mean?
This means that if Lionsgate's stock price rebounds by even a mere two percent, their margin will be completely wiped out, leaving them facing the desperate situation of being forcibly liquidated by the brokerage firm.
Now, Lin Yao has poured 35 billion yuan in pure cash into the pool.
Lionsgate's stock price didn't just rebound by 2%, but surged by 30% from its trough in just five minutes!
"Ring ring! Ring ring!!!"
As if it were a death knell, the private cell phones of these Wall Street tycoons on the table in the conference room suddenly and inexplicably began to vibrate and scream simultaneously.
Those were high-level, deadly calls from the risk control departments of major securities firms and clearing banks!
Paul's hands trembled as he answered the phone and pressed speakerphone. On the other end, the president of a top Wall Street brokerage firm, who was usually extremely respectful to him, spoke with a voice filled with endless panic and desperate rage.
"Mr. Paul, what monster have you messed with? The betting odds have been completely wiped out with pure cash!"
"Your MSI collateral has fallen below the liquidation line, and your account has been liquidated."
"Immediately add five billion US dollars in margin, immediately, or the system will forcibly liquidate all your short positions in ten seconds, regardless of cost."
"My God, if we can't buy any chips even with forced liquidation, you'll not only be bankrupt, but also burdened with billions in debt!"
"Clatter".
The phone slipped from Paul's hand, signaling a forced liquidation, also known as a margin call. In order to protect themselves, brokerage firms will automatically use their accounts to frantically buy stocks in the market at any cost to pay off their debts.
This forced frenzy of buying will further and terrifyingly drive up stock prices, forming a never-ending death spiral. This is the bloodiest meat grinder in financial history: a short squeeze!
Morgan slumped in his chair, watching the screen as the market surged even more wildly due to the wave of margin calls.
He knew that the principal of those 80 billion US dollars was gone. Along with all the valuable assets they had pledged to the bank, everything vanished in those few minutes.
"Lin Yao..."
Old Morgan coughed up a mouthful of blood, his vision went black, and he collapsed unconscious on the conference table.
An unprecedented slaughterhouse on Wall Street has finally reached its most magnificent and bloody climax!
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