Rebirth of the Capital Legend

"Mr. Fang, have you seen the latest exchange rate trend of the British pound?"

Just as many business and financial figures in Shanghai and Hong Kong turned their attention to Huayi Capital, in the Qiu family villa in Shanghai, Qiu Guoyu was paying attention to the trend of the pound sterling exchange rate and the progress of the entire British referendum, and he couldn't help but call Fang Xingyuan, chairman of Yuanhang Group.

"I saw it." Fang Xingyuan laughed, "How could I not pay attention to such a big thing?"

"Su Yi is really amazing. He won such a large-scale gamble." Qiu Guoyu said, "The process of Britain's withdrawal from the EU is actually moving in the direction of leaving the EU."

"Has it been confirmed that the referendum result is Brexit?" Fang Xingyuan asked.

Qiu Guoyu responded: "Although the final vote count in each region has not yet been announced, most of the subsequent voting areas are in favor of Brexit. At the same time, the number of people who support Brexit is far ahead of the number of people who support staying in the EU. Basically, the final referendum result points to Brexit, and there is no suspense."

"It seems... these people in the British government have messed up in the end." Fang Xingyuan laughed, "These guys originally wanted to use the Brexit bill and the referendum process to achieve their own political demands, right? Unexpectedly... they wanted to use public opinion to achieve their own goals, but in the end they were played by public opinion."

"That's true." Qiu Guoyu nodded and said, "If the result of this referendum points to Brexit, the current British Prime Minister will probably be forced to resign."

"Looking at it this way... this is truly a historic moment." Fang Xingyuan said with emotion.

Qiu Guoyu replied: "That's right. It can be said to be the biggest 'black swan' event of this century."

"I remember that Su Yi started shorting the British pound exchange rate a month ago, right?" Fang Xingyuan said, "How did he determine that the result of the Brexit referendum would point to Brexit?"

"I don't know about that." Qiu Guoyu said, "Looking at the trend of the pound exchange rate before yesterday, I was really worried for this kid, but I didn't expect... the result would turn out like this today. Based on the current pound exchange rate, this kid has made at least more than 100 billion in profit from this round of speculation in the pound exchange rate market."

"How much?" Fang Xingyuan was shocked when he heard the number 100 billion.

"The profit is at least 100 billion," Qiu Guoyu estimated. "I'm still underestimating it. The actual profit figure is probably much higher."

"How can the profit be so huge?" Fang Xingyuan was a little confused.

Qiu Guoyu said: "Mr. Fang may not understand the rules of the foreign exchange market. In foreign exchange market transactions, the contract itself carries ten times or even dozens of times leverage, so the profit is so exaggerated."

"It seems like this kid is really going to become famous this time." Fang Xingyuan couldn't help but say.

"Yes." Qiu Guoyu nodded and said, "Seeing this rising star in the domestic financial world, he is about to transform himself into a superstar. The wealth I have accumulated throughout my life is not as good as the profit this kid made in the pound exchange rate market."

"I heard that you invested a lot of money in this guy?" Fang Xingyuan said, "Based on this guy's style of doing things, since you invested a lot of money in him, you should make a profit."

"Haha..." Qiu Guoyu laughed and said, "What I care about is not these. I think our overseas Chinese investment has finally made a lot of money from international capital. In this round of short-selling in the pound exchange rate market, I heard that this guy used the Huo family's connections to bring in Huayin International.

Now, Huayin International has made huge profits and left the market.

This kid's potential reputation and development paths in the domestic financial world will obviously become broader in the future.

After all, Huayin International, a domestic financial giant under the State-owned Assets Supervision and Administration Commission, has considerable influence both at home and abroad.”

"Yeah." Fang Xingyuan nodded. "After this battle, this kid's future potential is indeed limitless."

"Old Fang, what do you think about this kid's future?" Qiu Guoyu paused and asked directly, "I heard that Wanqing is very concerned about this kid."

Fang Xingyuan replied: "Let it be. I rarely interfere in young people's affairs, and I rarely care about them."

"Okay." Qiu Guoyu heard Fang Xingyuan's tone and laughed, "Then let's continue to observe and watch the development of these young people."

After saying that, Qiu Guoyu hung up the phone and turned his attention back to the British pound exchange rate trend.

As market trading time continues.

As the final vote count results from a number of voting areas were announced, the pound sterling exchange rate continued to fall and the trading volume continued to grow.

At the same time, the gap between long and short positions in the market is also getting bigger and bigger.

As more and more long positions in the market were forced to stop losses and were liquidated, the net short positions in the market had exceeded one million lots.

"A new low! The referendum result hasn't even come out yet, but the pound has already plummeted by 1800 points."

Noting that the pound sterling exchange rate continued to fall after hitting a 40-year low, some retail investors who were still speculating in the market expressed their feelings.

"The 1.3200 level is probably not going to hold. Will it fall below 1.3000?"

"It's hard to say. The bulls in the market have completely collapsed."

"Oh my god, the pound sterling exchange rate has fallen by more than 10% today. This is the exchange rate. A drop of more than 10%, what does that mean?"

“It really is witnessing history!”

"The bulls in the market are dead as hell, right? All the institutions that were long have been harvested."

"I bought the bottom three times and stopped losses three times. This trend is really amazing... Is the result of the Brexit referendum so influential? The exchange rate trend has collapsed continuously."

"It is estimated that the pound exchange rate will have a chance to rebound only when the huge amount of short positions in the market begin to be gradually covered."

“Short covering in the market? By that time… most of the long positions will be liquidated, right?”

“It’s almost liquidated now, right? I’m afraid only one out of ten long positions in the market can hold on until now.”

“Can I still take the short position?”

"I can definitely get more. I feel that the pound exchange rate is expected to fall below the 1.3000 mark today."

"Oh my god, the number of people who support Brexit is already almost 50 ahead of those who support staying in the EU. The bulls in this market... basically have no hope of a reversal."

Just as a group of retail investors speculating in the pound exchange rate market were having heated discussions and cutting their long positions to stop losses.

Faced with a referendum result that is almost certain...

In the global financial markets, corresponding asset prices including the US dollar exchange rate, gold spot price, euro exchange rate, as well as the stock and bond markets in various financial markets have also been deeply affected.

The spot price of gold soared by more than 7%, and the euro exchange rate also plummeted by more than 8%.

The same is true for the performance of stock markets in various countries.

Domestically, A-shares and Hong Kong stocks showed a clear diving trend; the Nikkei index, the South Korean composite index, and the indices of Southeast Asian countries all followed suit and, at the same time, the corresponding stock index futures, such as US stock index futures and European stock index futures indices, also showed a straight diving trend.

"It's really tragic. Stock index futures in various countries have also collapsed."

At 10:21 am, when the British pound exchange rate broke through 1.3200 points and hit a new low, Li Jinshi, a member of the domestic "Fushan Group" hot money, could not help but sigh in the group.

"It's the global Black Friday." Chen Guiyun responded in the group, "It's a historic 'black swan' event."

"It's a pity that I closed my short position too early due to the speculation on the pound exchange rate this time." Li Jinshi sighed helplessly, "If I had held it until now, I should have made about 200 million US dollars."

"Who could have known this would be the result?" Liao Guoxiang said.

"However, Mr. Su from Huayi Capital made a lot of money in this round of speculation on the UK referendum," said Li Jinshi. "I heard that the total number of short orders in the fund products he manages is as high as hundreds of thousands. This must have made tens or even hundreds of billions of profits, right?"

"There's nothing I can do about it. I can't envy you." Chen Guiyun said, "Before, the pound exchange rate had been showing an upward trend. At that time, I heard that the fund product managed by Mr. Su had a floating loss of hundreds of millions of dollars. He was able to hold back and not stop the loss, so the profit he is making now is what he deserves."

"I didn't expect that Mr. Su would be so aggressive in his investment operations in the global foreign exchange market." Liao Guoxiang said, "This time... I'm afraid no one can cover up his brilliance in the domestic financial industry."

"The international financial market is still more violent!" Li Jinshi sighed, "Just one gamble can completely change the fate of a person's life."

"But this kind of opportunity is not something that ordinary people can grasp." Chen Guiyun responded, "Didn't you see that many major capital institutions around the world have suffered liquidation and huge losses this time?"

"That's true." Li Jinshi nodded slightly.

At a time when financial institutions and people in the financial industry at home and abroad, in Shanghai and Hong Kong, were speculating on how much money Su Yi's main fund product, 'Hua Yi Cheng Yuan No. 1', had made from the investment in the pound exchange rate, and how much profit it had reaped from the global capital market.

At 10:37 a.m., only a quarter of the Brexit vote count remained to be announced.

The main fund product "Hua Yi Cheng Yuan No. 1" managed by Su Yi finally completed the closing and profit-taking operations of all the more than 40 short orders it held.

"Boss Su, according to the overall fund data after we have completed the liquidation..." Qu Zecai, the manager of the trading team, reported to Su Yi immediately, "Our current fund size has reached 72.19 billion US dollars. In addition to the principal, we have made a total profit of nearly 62 billion US dollars in this round of operations, which is more than 400 billion Chinese yuan in profit."

When saying this, Qu Zecai's voice was trembling.

It took almost two months and reaped profits of nearly 2 billion Chinese yuan from the international capital market.

This record is not only the pinnacle of his personal career, but also the highest historical achievement of Chinese capital investing in the global international financial market in the entire history of China's financial development.

This was at a time when the fund's holdings had suffered losses of hundreds of millions of dollars.

When the pound exchange rate was above 1.5300 points, it showed that it could break upward at any time and form an extreme trend.

He had wavered in his heart more than once about the short-selling strategy formulated by Su Yi, and had been frightened more than once.

But the final result...

It proves the correctness of Su Yi's short-selling strategy and his foresight.

This made him unable to help but feel great admiration for Su Yi at this moment, and he even had to admire Su Yi's ability to judge the big picture in such a huge investment.

You know, the fund’s previous positions were on the verge of reaching the forced stop-loss line.

He had hardly seen any sign of excessive tension or anxiety on Su Yi's face.

This kind of calm emotional control in investment transactions, especially those involving such a large amount of funds, is definitely an ability that only market trading masters possess.

This strengthened his determination to continue to develop in Huayi Capital.

It also strengthened his determination to continue to follow Su Yi in the international financial market.

"Okay!" Su Yi smiled after listening to Qu Zecai's report, "Thank you for your hard work in the past two months. Manager Qu, please transfer the remaining 72 million US dollars from the fund account to the company account. This small amount of funds will be used as special bonuses for the investment projects in the past two months and will be distributed to all company employees who participated in this investment. Of course, I will ask Manager Wang to work out a plan for the specific distribution standards.

Also, please transfer the capital invested previously to my personal account.

All the loans we borrowed from various places back then had to be repaid with interest.

As for the remaining US$62 billion, it will be used as reserve cash for the main fund product "Hua Yi Cheng Yuan No. 1" to continue investing in overseas financial markets in the future."

"Okay." Qu Zecai responded, and then followed Su Yi's instructions.

When the other traders heard that Su Yi was going to use $1900 million of the fund's profits to pay out special bonuses, they instantly became excited, even though they had been staying up for 24 hours.

That’s $1900 million!

You should know that at this time, all the employees of "Huayi Capital Hong Kong City Branch" were less than 100 people.

Even if this bonus is distributed equally to each employee, each employee will receive at least 19 US dollars, which is equivalent to 133 million Chinese yuan.

With an average bonus of one million per person, how can this not make everyone excited?

After all, isn't the reason we work hard just to make more money and get more bonuses and wages?

"Thank you, President Su!" In the midst of everyone's extreme excitement, everyone raised their heads and said in unison.

At this moment, all the traders couldn't help but feel passionate and grateful for Su Yi's dedication and willingness to go through fire and water.