I looked at my father Jackie Chan in 1988

Hong Kong time, July [-]th, Saturday, the weather was calm.

In just one and a half days, Standard Chartered bought the US$12 billion entrusted by Ji Cheng with hundreds of different legal entities or individuals with [-] times leverage to buy soybean futures short contracts and in the form of off-market allocations. This great deal is done.

It was also on this day that Ji Cheng flew to Xiangjiang with the top executives of Huajin Capital in full view.

Afterwards, the major consortiums were convinced that they had predicted Ji Cheng's movements, and under the pressure of the media's revelations and Ji Cheng's "preparation to make a move", they all entered the market with capital!

Countless funds poured into the futures market, focusing on soybean futures.

Either long or short, the open interest continues to soar rapidly.

And during those capital operations, Ji Cheng was still on the plane.

The trading hours of the Chicago Board of Trade are from Monday [-]:[-] am to Friday [-]:[-] pm local time. Although other exchanges around the world have slightly different cut-off times due to time differences, they are basically within [-]-[-] hours.

Ji Cheng's funds have entered HSBC Bank!

All kinds of revelations may make the Chicago Board of Trade investigate net long positions!

It was still Friday in the beautiful country, and big capitals such as State Street Group, Vanguard Group and Citibank were frantically buying short contracts for fear of missing the best time.

At the same time, the Rockefeller family is also in the final squeeze. Their time is too tight. After all, someone broke the news that the Chicago Board of Trade may have a soybean futures squeeze. Return, can only bite the bullet and go on.

The influx of long and short positions was simply too great, keeping soybean prices in flux.

Finally, when the global futures exchanges ended trading this week, the capital injection of soybean futures also came to an end.

At this time, the price of soybean futures has risen from 120 cents to 250 cents. This price is only 12 minutes away from the forced liquidation of the short contract purchased by Ji Cheng. For pennies, that is, if the deal goes ahead, his $[-] billion is gone at any sign of trouble.

Thankfully it's up to the deal.

Ji Cheng, who rushed to Xiangjiang to meet with HSBC, was startled when he heard the situation. He didn't expect the capital to be so crazy, so he raised the price by [-] cents in one day.

He secretly rejoiced that he had used means to force capital such as Citibank, State Street, and Vanguard to enter the market. Without these large consortiums buying short contracts in large quantities, I am afraid that the Rockefeller family invested so much money in long positions, and it is very likely that Ji Cheng just bought the contract to force the liquidation.

In the financial market, long and short are one of the most familiar terms for investors, and they represent the power of buyers and sellers in the market respectively.

In fact, the comparison between long and short in the futures market can be shown by a more intuitive data, that is, the net long position.

What does net long position mean?

A net long position is the difference between the long position and the short position held by a participant in a financial market.

It can be obtained by simply subtracting short positions from long positions.

For example, the total long position in the market is [-] lots, and the total short position is [-] lots. At this time, the mutual hedge between the long [-] lots and the short [-] lots is equal to zero, and the extra [-] lots cannot be hedged. Net long position.

The size of the net long position is the key factor driving the price rise.

The net short position is the same as the net long position, and the net short position is the key factor to restrain the price decline.

In other words, if there were no forced funds from State Street, Vanguard, and Citibank, the short contracts that Ji Cheng bought would have been blown up by the Rockefeller family. After all, they invested more capital in soybean futures , I have grasped more positions, and what I am doing now is to squeeze the position, which is to make the price higher.

HSBC.

Accompanied by Uncle Tong, Ji Cheng met John Pang and the heads of HSBC.

In the meeting room, negotiating.

Although HSBC asked for a relatively high handling fee, Ji Cheng agreed without hesitation, which made Steve White, the general manager of the company who came together, very puzzled.

Ji Cheng said the last request, "I only have one request, that is, when the market opens on Monday, you should buy short contracts as soon as possible."

John Pang is the representative of HSBC Bank. He didn't expect Ji Cheng's request to be so simple, so he immediately smiled and said, "No problem."

"Okay, then let's sign the contract." Ji Cheng said "seemingly" thinking of something, and added, "If something unexpected happens due to irresistible factors, such as the suspension of futures trading, or major changes, then this transaction will be temporarily closed." Stranded, you can't charge me any fees."

Pang John said with a smile: "It's natural. If the deal is not reached, we will not charge."

Ji Cheng smiled happily. He stood up and stretched out his hand, "Then we have a good cooperation?"

John Pang also stood up and held his hand, "Have a nice cooperation."

Then the two parties signed the contract.

After signing the contract, Ji Cheng left HSBC with Steve White, Uncle Tong and others.

……

in the car.

Ji Cheng and Uncle Tong were still sitting in the back, and Steve White was in the passenger seat.

As for the other entourage of Huajin Capital, they were arranged by Uncle Tong to go to the hotel in other cars.

"Mr. Cheng, please forgive me for asking." Steve White couldn't hold back and said, "HSBC charges far higher fees than financial institutions in the beautiful country, why don't you let me bargain so readily? "

Uncle Tong was also quite curious and said: "Yes, Chengzi, I don't quite understand your actions."

Ji Cheng said with a smile: "Because... this deal will not go through."

"what?"

"Won't this deal go through?"

Both Steve White and Uncle Tong were confused by these words.

Ji Cheng hummed, "I can't tell you the specific situation, but you will know when the time comes."

real or fake?

won't succeed?

Both Uncle Tong and Steve White were skeptical.

The car was still driving slowly, Ji Cheng asked the driver to take him to see Ji Aiguo and Qin Xiaohui, he seemed to have no concern about the soybean futures at all, he just wanted to play here for a day or two.

……

In the Rockefeller estate.

Lawrence Rockefeller, who hadn't slept all night, looked extremely furious at this moment. He yelled into the phone: "What are you doing? You failed to squeeze in a position with $100 billion in funds?"

The voice of a timid middle-aged man came from the other end of the phone. He seemed to be very afraid of Lawrence Rockefeller, "Mr. Lawrence, it's really not our fault for not doing our job well, but a lot of money bought short contracts today, not just the Chicago Board of Trade , All the eleven soybean futures exchanges in the world are in this situation, so... that's why they didn't succeed in cornering positions."

Lawrence Rockefeller's face was flushed with anger, and he beat and scolded: "You trash! You trash!"

The middle-aged man didn't dare to say much, just kept silent over there.

Lawrence Rockefeller continued typing on the phone for nearly 5 minutes before he calmed down a bit. He gritted his teeth and said, "Have you found out who is against us?"

"It has been found out. It is the three main forces of Citibank, Vanguard Group and State Street Corporation, and some institutions under other consortiums have also been involved in the transaction." The middle-aged man reported the situation, and then he was afraid that Lawrence Rockefeller would scold him again. He hastily added, "Although our squeeze was not completely successful, many retail investors who were short sellers were blown up by us and forced to leave the market, but the profit may not be as much as we expected."

"Fack!" Lawrence Rockefeller cursed again, "These bastard consortiums are actually against me at this time!"

The middle-aged man said: "They may not be targeting us, right? After all, the price of soybean futures has reached the highest peak in history, and the supply of soybeans in the market exceeds demand, so they may simply want to squeeze positions, but in the opposite direction. Contrary to us."

Lawrence Rockefeller sneered, "You still underestimate those financial groups, they are all after me."

He still didn't say a word. I'm afraid that those consortiums will find out that he is the mastermind behind Fuzz's forced position. I'm afraid that the Rockefeller family will earn a lot of cash and return to Chase Bank.

Although the Rockefeller family still directly and indirectly holds a lot of shares in Chase Manhattan Company, the parent company of Chase Bank, but because David Rockefeller left Chase Bank, the Rockefeller family gradually lost the right to speak in Chase Manhattan Company, and it cannot be said to be lost. Well, it's just that many decisions are no longer in the hands of the Rockefeller family.

When David Rockefeller was still alive, the Rockefeller family had a relatively strong say in Chase Manhattan Company.

It's a pity that David Rockefeller died.

In just one month, the Rockefeller family's voice in Chase Manhattan has dropped to freezing point.

For example, in [-], although David Rockefeller was no longer the chairman of Chase Manhattan at that time, he still relied on his strong influence within the company to let the company establish JP Rockefeller Securities for the Rockefeller family.

But just two days ago, Lawrence Rockefeller wanted Chase Manhattan to infiltrate the Blackstone Group again with capital, but was opposed by the board of directors.

In fact, the Rockefeller family and the First Boston consortium have already acquired a lot of shares in the Blackstone Financial Management Company under the Blackstone Group. It is reasonable to say that there is no need to be so anxious, but Lawrence Rockefeller is still unhappy with the board of directors voting, because he knows that if he does not strengthen With the equity control of Chase Manhattan, the Rockefeller family is very likely to be completely expelled from the market by other shareholders in the next few years.

Therefore, Lawrence Rockefeller urgently needs a large sum of money to regain more equity in the company, and at the same time increase his own voice. After all, Chase Manhattan is an important tool for the Rockefeller family to influence the economic lifeline of the beautiful country.

"Then what should we do now?" The middle-aged man asked hastily.

Lawrence Rockefeller took a deep breath and said decisively: "Soybean futures can no longer squeeze positions, and all positions will be closed on Monday."

The middle-aged man said: "Okay."

After hanging up the phone, Lawrence Rockefeller let out a long sigh. Alas, although he made a lot less money, if he continues to squeeze positions, he will most likely be investigated by the Chicago Board of Trade. At that time, it will not be a matter of making money or not. But can't leave the field!

……

John Liddell, John Bogle and Lynn Elsenhans, the three chairman of the Big Three Group, are conducting a conference call.

"Mrs. Elsenhans, how is the situation over there?"

"It's all done."

"Borg, why did the Vanguard Group invest so little in the end? Only half of our Citibank?"

"Oh, I didn't have time to operate, let's buy short contracts again on Monday."

"It's too late on Monday. At that time, we will close all the long contracts we bought before, so as to achieve the goal of forcing short positions. Hehe, Borg, Vanguard Group may make a lot less money this time."

"Hey, Mrs. Elsenhans, the group of people under me can't do things well. I really envy you State Street Corporation and Citigroup. They are all elites, and they completed billions of dollars in soybean futures short contracts in one day. .”

The three had a meeting.

In the end, John Reed ended the final negotiation of the three major groups with one sentence, "Let us close the long contracts we bought earlier on Monday to form a short position, and then as long as the price drops by more than 20.00%, we will take the initiative to close the position and leave the contract." field."

Futures can be closed at any time. Of course, John Reed wants to earn more, but Ji Cheng has always dominated the short selling of soybean futures before. Now Ji Cheng and them seem to be in harmony and want to eat alone. They really don't know what price to go Therefore, I choose the safest method, which is to close the position as long as the soybean futures price drops by 20.00% during the contract period with them. This way, I may make a lot of money, but at least I don’t have to worry about accidents. On tenterhooks.

"No comment."

"I support this price to get out."

Lynn Elsenhans and John Borg both agreed.

Before the three of them started making profits, they began to think about how to leave the market.

There is no way, these large financial institutions are generally relatively stable in their work. If they hadn't learned from Ji Cheng that Fuzi Company had cornered positions and knew that investment could make a stable profit, they would not have spent so much money at all.

……

Yes, whether it is the Rockefeller family, or State Street Corporation, Vanguard Group and Citibank, they all thought they could leave the market with a profit.

However, the development of things is far beyond everyone's imagination!

Overnight, the situation changed suddenly!

July [-]th is Sunday in Xiangjiang time, and the time in Beautiful Country is still on July [-]th.

News spread from within the Chicago Board of Trade that they discovered that several institutions held a large number of positions, and there was an attempt to force positions, and reported it to the Commodity Futures Trading Commission of the beautiful country as soon as possible.

The Commodity Futures Trading Commission of the Beautiful Country immediately set up an investigation team to go to the Chicago Board of Trade.

……

The major consortiums immediately received the news, and the Rockefeller family was extremely shocked when they learned of the situation, because Lawrence Rockefeller inquired about one thing from various channels, that is, the investigation team established by the Commodity Futures Trading Commission of the Beautiful Country was the first to investigate Fuzz company!

Lawrence Rockefeller was so anxious that he wanted to close his position in soybean futures immediately, but unfortunately, today was Saturday, and the futures in his hands could not be closed, so he had to wait until Monday.

But when the day lily is cold on Monday, everyone knows that as long as the news of the investigation by the Commodity Futures Trading Commission of the Beautiful Country is released, the price of soybeans will inevitably plummet. If you close your position and leave the market, it will not be a matter of losing a lot of money at that time, but you will not even get your money back!

Finished!

It's over this time!

Lawrence Rockefeller's heart was icy cold, he never thought that this would happen!

The powerless Lawrence Rockefeller sat slumped on the sofa in the living room, his eyes became incomparably hollow. He knew that tens of billions of dollars might be lost just like that. The control of the company, if other capital intervenes at that time, the Rockefeller family's important tool to influence the economy of the beautiful country will really be taken away by others.

……

State Street Corporation, Vanguard Group and Citibank also got inside information for the first time.

It's just that they didn't take it to heart, because the current news is that the investigation of long positions is abnormal.

Even the three major groups are secretly happy, because everything that is currently developing is exactly the same as the blueprint that Ji Cheng drew with them before, that is, the futures side will be severely punished by the Commodity Futures Trading Commission, and the price of soybean futures will respond accordingly. If it falls, those who are short can take advantage of the chaos to make money and leave the market!

……

The time came to about [-]:[-] pm on July [-], and about the morning of July [-] in Xiangjiang time.

The investigation team of the Pretty Country Commodity Futures Trading Commission announced the abnormal situation of soybean futures.

According to the Commodity Futures Trading Commission, as of July 30, Fuzi's soybean long position has reached 20 million bushels. This position has reached more than [-] times the speculative trading position limit, and this number has also exceeded other markets. More than [-] times of the participant's limited position!

As soon as this news came out, the whole United States was shocked!

The Rockefellers on their side had expected this to happen, so they weren't all that upset.

On the contrary, State Street Group, Vanguard Group and Citibank were encouraged, and they finally got the results they wanted to see!

However, before State Street, Vanguard and Citibank had time to celebrate, the Commodity Futures Trading Commission released another piece of information, this time related to short positions!

And the list of companies that State Street Group, Vanguard Group, and Citibank each launched short-buying contracts is in this message!

State Street's short position is 4000 million bushels!

Citibank short position 200 million bushels!

Vanguard is slightly less, but also almost 2000 million bushels!

When the three major groups saw it, they immediately realized that something was wrong, and hurriedly tried to settle the matter through various channels and relationships.

But before they had time to act, the Beautiful Country Commodity Futures Trading Commission issued another decision on the most severe punishment in history!

First, stop all new trades in companies with short or long positions exceeding 300 million bushels.

Second, trading in soybean futures was suspended on July [-].

Third, starting from the opening trading on July 250, any individual or corporate household with a short position or a long position of more than 20.00 million bushels in the July soybean contract must reduce its position and pay at least [-]% of the five shares on each subsequent trading day decrease.

Fourth, increase the margin for any individual and legal person account with a long position or a short position exceeding 250 million bushels!

As soon as the result of this penalty came out, the global futures market was in an uproar!

No one expected that the Commodity Futures Trading Commission of the Beautiful Country would be punished so severely!

The people from State Street Group, Vanguard Group and Citibank were even more stunned!

However, the more shocking thing is yet to come!

At the same time, the Tokyo Grain Exchange announced that soybean futures were abnormal and launched an investigation!

At the same time, the Brazilian futures exchange announced that it has launched a comprehensive investigation on the abnormality of soybean futures!

Then all [-] soybean futures exchanges in the world have announced that there are abnormal long and short positions in soybean futures, and they will suspend trading on Monday to start an investigation!

Global soybean futures are suspended!

Launch the most severe investigation in an all-round way!

Pioneer Group, Citibank, State Street Corporation, and Rockefeller and other large groups and consortiums involved in soybean futures trading all had a premonition of what terrible things would happen next. , the end of the world is coming!

……

It's different from the fact that these consortiums were all shocked when they were hit by a bolt from the blue.

Ji Cheng in Xiangjiang is very leisurely at the moment, he is choosing a wedding dress with Ji Aiguo and Qin Xiaohui in the bridal shop.

"Patriotic, how about this wedding dress?"

"It's too revealing, I'm afraid Cheng Lin won't like it when she sees it."

"What about this one?"

"Xiaohui, let's see how much it costs."

"Patriotic, what are you doing? I, the eldest brother, have agreed with you to cover all the wedding expenses. Are you still reluctant to spend money?"

"Hey, big brother's money is also money, I have to save a little for you."

The three chatted while looking at the wedding dress.

Suddenly, the mobile phone that Ji Cheng bought temporarily in Xiangjiang rang, and he picked it up to answer it.

Bao Yugang's frightened voice came from the other end, "Mr. Ji, the futures exchanges that trade soybean futures all over the world are investigating soybean futures. What should we do?"

Ji Cheng's eyes lit up, and he hurriedly asked, "Has everyone started investigating?"

Bao Yugang grunted, but was still very worried and said, "The Chicago Board of Trade has issued the most severe punishment. Although the short contracts we bought for you have not reached the penalty position limit, I am still very worried. will be affected."

Ji Cheng smiled and said, "I'm not worried, what are you worried about?"

Bao Yugang thought about it too, "Okay, then I won't bother you, I will contact you if there is a situation."

"Ah."

Hang up.

Ji Cheng smiled happily.

Ji Aiguo found out, he blinked and said, "Brother, is there something good about your bright smile?"

Ji Cheng laughed loudly and said, "Yes, there is a great thing!"

Ji Aiguo let out a huff, and guessed: "Are you going to get married too?"

Ji Cheng was almost choked to death by these words, Nima, in your opinion, getting married is a great thing?

Qin Xiaohui became nervous when she heard this.

Ji Cheng rolled his eyes and explained: "Why get married or not? Your eldest brother and I are going to make money again."

Qin Xiaohui breathed a sigh of relief, and asked curiously, "Brother Ji, how much money can you make this time?"

Ji Aiguo was also interested in watching him.

Ji Cheng smiled slightly, and said slowly, "Astronomical figures."

When he said this, he was actually a little worried, that is, the situation that Bao Yugang called and said just now was completely different from the information he collected from modern society. Ji Cheng really didn't know if he would be implicated by this, However, according to the information released by the Chicago Board of Trade, nothing should happen.

I just don't know how those consortiums will react now.

Ji Cheng felt that it was necessary to make a phone call to stimulate those consortiums. Well, we should wait for the global futures exchanges to announce their punishment decisions, and make sure that he is fine before stimulating those consortiums that suffered heavy losses.

He really wanted to see if those consortiums who wanted to make him a wage earner would be furious.