"Thank you, Miss Fang, and also Ms. Li for your help. These 30 million US dollars will be returned with interest within two months at most."
Su Yi replied.
Su Yi was very grateful for Fang Wanqing's kindness and Ms. Li's help.
He was not the kind of person to be overly sentimental or reserved.
At this moment, he needed a large amount of capital to invest in the financial battlefield, so he would not refuse this kind gesture offered with good intentions for the sake of pride or dignity.
"I hope you can keep your promise,"
Ms. Li said with a smile.
Then, she got up, held Fang Wanqing's hand, and walked out.
When she reached the coffee shop entrance, seeing Su Yi still standing there in a daze, she couldn't help but turn back and ask,
"What's wrong? Not in a hurry anymore?"
Su Yi was slightly startled by her words and asked,
"Going to 'Huifeng Bank' now?"
"Otherwise? Although I don't understand finance, I know that the financial market changes rapidly. Since you are so urgently in need of funds, it must be a very critical time. So... why not take advantage of the fact that the bank is still open, and I'll help you take care of this, so the funds might be available before the market opens on Monday."
Ms. Li said.
"Then I'm truly grateful, Ms. Li,"
Su Yi said, expressing his thanks again.
Immediately, he went with Ms. Li and Fang Wanqing to the credit department of 'Huifeng Bank' in Gangcheng, and with Ms. Li's guarantee and authorization, borrowed 30 million US dollars from 'Huifeng Bank'.
"Su Yi, keep going!"
As Su Yi received the 30 million US dollars approved by 'Huifeng Bank', and the three were parting ways, Fang Wanqing smiled and encouraged him.
"Don't worry,"
Su Yi waved to Fang Wanqing with a smile and said,
"I'll consider these 30 million US dollars as your investment, and I will definitely return them with interest in two months."
"Alright, I believe you,"
Fang Wanqing said.
Although she knew that Chinese capital had never stood a chance against foreign capital in the international financial market.
But she firmly believed Su Yi was an exception.
Because in their interactions and contact over many days, she knew that Su Yi was definitely not a gambler who would recklessly advance without considering risks.
Instead, he was more like an outstanding 'general' who could plan thoroughly before acting, lead troops into decisive battles, and devise infallible strategies in the financial and investment markets.
And she thought...
This was also one of the reasons why Su Yi could attract her.
After parting ways, Su Yi did not return to his accommodation.
Instead, he gathered everyone in the internal group of the company's Gangcheng branch for an internal meeting at the company to formulate subsequent trading and operational plans.
Adding the 30 million US dollars Fang Wanqing helped him raise.
The newly added funds in his hand currently totaled nearly 100 million US dollars.
"How are the market news conditions over the weekend?"
Su Yi asked Wang Huaijin during the meeting.
Wang Huaijin replied,
"After CEO Su asked me to release the news, major institutions in the entire Gangcheng and mainland financial sectors, as well as many foreign investment institutions concerned about the British pound exchange rate fluctuations, are now aware of the position predicament faced by our company's 'Huayi Chengyuan No. 1' fund.
Based on what I understand.
Global asset management giants like 'Huifeng Asset Management', 'Hashimoto Investment', 'Linghang Capital', 'Pacific Capital'... which have investment institutions in Gangcheng, as well as some local Chinese capital institutions in Gangcheng, all hold significant long positions in the British pound and hope our company's pound positions will be liquidated, thereby further exacerbating the rise of the British pound exchange rate.
Also, some financial institutions, as well as numerous retail investors and speculative capital in the foreign exchange financial market are currently very pessimistic about our institution's shorting of the British pound exchange rate and the ongoing short squeeze by major global financial investment institutions.
And on major domestic foreign exchange investment discussion platforms; posts about our institution being short-squeezed on the British pound and on the verge of liquidation have been continuously flooding the screens.
Many people say..."
When Wang Huaijin got to this point, he couldn't help but pause.
Su Yi saw his hesitant expression, smiled, and said,
"What do many people say? It's fine, Mr. Wang, just say what you have to say."
Wang Huaijin cleared his throat and continued,
"Many people say that you, CEO Su, overestimate yourself, feeling that you... were too reckless in shorting the British pound exchange rate."
"I'm afraid the online discussions are much harsher than what you just said, aren't they?"
Su Yi smiled and said,
"But it doesn't matter. In the financial market, success or failure determines the hero. At home and abroad... so many people want to see our institution liquidated. It seems our institution's current shorting of the British pound exchange rate has attracted widespread attention from the financial communities both domestically and internationally."
"That's indeed the case. I heard that a hedge fund under 'Goldman Sachs Group' has even started to go long."
Wang Huaijin said.
"Very good,"
Su Yi nodded with a smile.
"CEO Su... are we still going to continue increasing our short positions on the British pound exchange rate?"
Qu Zecai asked.
Su Yi replied,
"You can slowly increase positions and continue to entice longs, but you must control the pace. When there are no significant changes in market news, limit the increase in positions to within 10 million US dollars."
"Understood,"
Qu Zecai responded, then asked,
"What does CEO Su mean by a significant change in market news?"
Su Yi smiled and said,
"There are many news factors that influence the British pound exchange rate. Currently, I'm not entirely sure what important news there will be, but I know... based on the UK's economic data from the past year or two, its economic outlook and economic recovery expectations are not very good. It won't be easy for the British pound exchange rate to hold at this level. In other words, as long as the underlying logic is sound, then... we just need to wait patiently.
As for short-term exchange rate fluctuations, they are merely disturbances in market sentiment. As long as we can withstand the rapid and aggressive short squeeze by the longs, and try to draw the enemy in deeper, then... the final victory will surely be ours."
"Alright,"
Qu Zecai nodded and said,
"Then tomorrow, after the market opens, I'll have the traders execute according to CEO Su's trading plan."
Su Yi nodded slightly, thought for a moment, and said,
"Manager Qu, in the British pound exchange rate market, with both long and short positions rapidly soaring, exchange rate fluctuations will inevitably intensify. Our institution holds a large volume of positions, so we'll likely need to monitor and trade 24 hours a day.
Divide the current trading team into three groups for shift trading."
Qu Zecai replied,
"I have already divided the trading personnel into three groups for shift trading, but regarding the assignment of team leaders for each trading group..."
"You can decide that,"
Su Yi said.
As long as the company's entire trading team was executing according to his strategies and trading instructions.
He would not interfere with minor matters like the internal staffing and group divisions within the trading team; these were... originally Qu Zecai's responsibilities.
And just as Su Yi was holding an internal company meeting to decide on subsequent trading plans.
At this time, discussions among numerous domestic and foreign foreign exchange investment institutions and hedge fund companies regarding the 'Huayi Chengyuan No. 1' fund, managed by Su Yi, being heavily trapped in a British pound short squeeze dilemma, remained exceptionally intense.
"Hey, Mr. Godfrey, have you heard? This afternoon, Mr. Su Yi of the 'Huayi Chengyuan No. 1' fund borrowed 30 million US dollars from your 'Huifeng Bank', and I also heard..."
At a private banquet in Gangcheng, Mr. Sato of 'Mitsui Sumitomo Investment Company' Gangcheng branch smiled and revealed to Godfrey, the hedge fund manager of 'Huifeng Global Asset Management 'Horizon' Hedge Fund,
"Mr. Su returned to mainland China and raised nearly 100 million US dollars within two days, preparing to make a big move on the British pound exchange rate."
"Is that so? Mr. Sato's information is very well-informed. I also heard before coming that Ms. Li of the prestigious Huo family in Gangcheng acted as guarantor for Mr. Su. However, even if Mr. Su raised 100 million US dollars in a short period, he ultimately cannot escape the fate of liquidation."
Wang Huaijin said.
"Is Mr. Godfrey that confident?"
Sato asked with slight surprise.
Although he didn't think the British pound exchange rate had much downward momentum at this level, he also didn't believe it could continue to strengthen to the point of forcing the other party into an unable-to-close position.
Godfrey said,
"Don't forget, I am British."
"Understood,"
Sato was slightly taken aback, then laughed,
"Then I wish Mr. Godfrey great profits in the British pound exchange rate battle."
"Mr. Sato, aren't you going to join in the game?"
Godfrey asked with a smile.
Sato said,
"Seeing Mr. Godfrey so confident, of course I will. However, my expectations aren't high; as long as the British pound exchange rate breaks 1.5, I will take profit, close my positions, and exit."
"No problem. Within a week at most, the British pound exchange rate will definitely break the 1.5 mark."
Godfrey said.
As he spoke, the two exchanged glances and both burst into laughter.
Meanwhile...
Inside the Gu family villa, where Gu Chijiang, the boss of 'Tianhe Capital' company in Gangcheng, resided.
Gu Huaming, who had once been ignored by Su Yi at the banquet hosted by 'Huifeng Bank', was now radiant, smiling as he said to Gu Chijiang,
"Dad, what do you think about the current situation where 'Huayi Capital' is deeply caught in a prolonged short squeeze on the British pound exchange rate by the longs, suffering a huge loss of nearly 100 million US dollars?"
Gu Chijiang snorted coldly and said,
"How can I see it? I can only say that this Mr. Su overestimated himself too much."
"I think so too,"
Gu Huaming smiled and continued,
"I also heard that the Fang family provided hundreds of millions in funds to this young man named Su."
"Is that true?"
Gu Chijiang frowned.
Gu Huaming nodded and said,
"Yes, today Ms. Li of the Huo family just helped this Mr. Su borrow 30 million US dollars from 'Huifeng Bank' as a guarantor. From the looks of it... Mr. Su's losses from shorting the British pound exchange rate are much larger than we initially imagined.
This guy is so eager to raise funds, he must have a major position and is close to the brink of liquidation. He has no choice but to continue adding margin."
Gu Chijiang listened to his son's words, pondered for a while, and said,
"It seems this rising star, known as the 'Stock God' in mainland China, especially in the Modu financial circle, is about to fall in this long-short decisive battle over the British pound exchange rate. However... what's perplexing is why the Fang family would still enter and invest funds to take a gamble in a clearly losing situation?"
"I don't know about that. I see that little girl from the Fang family is quite caring towards that young man named Su. Perhaps... that's the reason."
Gu Huaming said.
"That's possible too,"
Gu Chijiang nodded slightly.
"Father, do you think this young man named Su has even a small chance of winning?"
Gu Huaming then asked.
Gu Chijiang chuckled and replied,
"Forget about a small chance of winning, in the current situation, this kid probably doesn't even have half a chance. Let alone making money from the British pound and exiting, it would be good enough if he could withstand the British pound's riot on Monday and close his positions before his margin is completely lost."
"Then do you think he'll continue to hold on, Father?"
Gu Huaming asked.
Gu Chijiang pondered for a while and said,
"That's uncertain. I'm not very familiar with this person's previous trading style and operational approach. However... taking advantage of the moment when major institutions are short-squeezing and going long, we could enter, snag a bargain, and follow the trend to squeeze shorts. That would likely be profitable."
With this thought, he began to formulate a corresponding trading plan.
He decided to follow the institutions short-squeezing 'Huayi Capital' and go long to make some profit.
Just as Gu Chijiang decided to invest funds and use 'Tianhe Capital's' fund products to go long on the British pound exchange rate.
On online platforms, posts about Su Yi being trapped in the foreign exchange market and facing liquidation.
Also quickly began to spread from foreign exchange investment discussion forums to domestic A-share market investment circles, leaving countless retail investors in the domestic A-share market, who had previously witnessed Su Yi's miraculous stock trading methods, stunned.
"What's going on? Is CEO Su of 'Financial Street Fuxing Road' switching to the forex market and being hunted by international capital?"
"Holy crap, is that real or fake?"
"I heard the fund managed by CEO Su has already lost 100 million US dollars in the forex market."
"I also heard CEO Su is raising funds and continuously increasing the margin for his main positions."
"Oh my god, this is huge news."
"No way, that's CEO Su, would a big shot also get cut?"
"Nothing is impossible. That's an extremely treacherous forex market, dominated by international capital."
"Sigh, what a familiar scene. Is it true that when our Chinese capital goes overseas to invest, we only get harvested by foreign capital? This is utterly frustrating."
"If even CEO Su can't do it, then no one in the country probably can, right?"
"I don't believe CEO Su would be jointly hunted by international capital."
"Looking at the recent trend of the British pound exchange rate, it indeed looks like a short squeeze, damn it... it rose by nearly 1000 basis points in a week. If CEO Su shorted a large amount at a low level, liquidation is indeed possible, after all, leverage in the foreign exchange market is too high, and the risk of liquidation is extremely high."
"No matter what the final outcome, we must support CEO Su in crushing the longs!"
"Yes, we must support him."
"By the way, how do you trade forex? Damn it... at least I have to support him, support CEO Su."
"I don't know how to trade either; I'll have to ask an expert."
As related news continued to spread rapidly...
The 'Huayi Chengyuan No. 1' proprietary fund, managed by Su Yi, being trapped in the forex market, losing hundreds of millions of US dollars on its short position in the British pound, and being jointly short-squeezed by international capital, spread wider and wider.
Online discussions became increasingly heated, and the domestic and international attention it garnered grew steadily.
At the same time, as its related popularity soared.
More and more investment institutions and hedge fund companies were preparing to enter the market to target the 'Huayi Chengyuan No. 1' fund and short-squeeze Chinese capital.
And with such sentiment and excitement brewing.
When Monday, May 30th, arrived.
The British pound exchange rate jumped directly from its Friday closing price of 1.4922 to 1.5031. Immediately upon opening, Su Yi's main positions saw their losses surge by over 50 million US dollars, bringing the total losses for the entire fund product to officially exceed 100 million US dollars.
(End of Chapter)