Hollywood Hunter

When the sun turned back to Asia again, on October 30, in Hong Kong, the most intense financial offensive and defensive battle since the outbreak of the Asian financial crisis officially started.

Central, Hong Kong.

In the Hong Kong headquarters of Deutsche Bank in the International Finance Center Building, Hans Edel did not rest all night last night, and naturally he did not return to his luxurious suite in the Grand Hyatt Hotel.

Since the market closed yesterday, for more than ten hours in a row, Hans Edel has been on the phone non-stop, contacting the headquarters of Deutsche Bank, seeking support; Capital, inquire about news, and even seek to be released.

With US$5.3 billion in capital, US$4.5 billion has been pressed in the Hong Kong financial market. Hans Edel can imagine that if he can't survive the next two days, his personal career will also end.

Even if it wasn't his operation error at all, it was a black swan time that no one could have expected.

However, Hans Edel knows all too well that this is never a world of right and wrong, it is a world of success and failure.

If you're a loser, for whatever reason, you're just a loser.

Hans Edel once wanted to give up directly, because he knew exactly what he was facing.

Simon Westeros and George Soros are just standing on the stage. He is facing the entire Wall Street, and the Hong Kong authorities who dare not follow the rules of the game in order to protect their own financial market.

None of the three parties can be resisted by ordinary capital.

Backed by Deutsche Bank, Hans Edel is not an ordinary capital, but he is also irresistible. Because the German headquarters had almost given up after the same lengthy conference call, so he did not receive any additional resources, and the instructions from the headquarters only asked him to minimize losses as much as possible.

However, even if he can minimize his losses, he is still a loser.

In 1997, the Hong Kong stock market still opened at 10 o'clock in the morning. At 9:30, pre-market trading begins.

Hans Edel, who was directly guarding the office of the trader team with bloodshot eyes, did not have any intention of expecting a miracle to happen, and directly asked the traders to start seeking to close all kinds of short contracts in their hands.

Feedback also came quickly, the system sold orders and squeezed, and it was impossible to trade at all.

This is also expected.

Wall Street deliberately set up such a trap, how could it be possible for them to escape easily?

Half an hour later, at 10 o'clock, the Hong Kong stock market opened, and it jumped from 10537 points yesterday to 10624 points in an instant. There was a large projected screen hanging on the wall of the trader's office. Staring at the fluctuations of the index and the curve, ignoring the eyes of some traders subconsciously looking over expecting orders.

The minimum margin ratio in the Hong Kong futures market is 10%, which is 10 times leverage.

That is to say, in the next two days, for the short capital in Hong Kong, the Hang Seng Index must be kept within 11,000 points as much as possible, so as to ensure that many short positions with full leverage and unable to replenish margins will be liquidated.

In the current situation, no one would be foolish enough to fill in more margin.

How much to add, it is estimated that how much will be lost.

Hans Edel knew very well that yesterday’s closing price of more than 10,500 actually caused a small number of short-selling capital who had bet on short positions within 9,500 points and carried out full-leverage operations to directly liquidate their positions, including his own side. Some contracts have also been closed was forcibly liquidated.

The question now is, how much will be left after the official settlement tomorrow?

As for the rollover operation that was directly extended before the futures expired in the past, it is obviously not possible this time. Or because of a zero-sum game, when you have already won a big victory, the bulls will not accompany you.

Let's talk about myself.

In addition to short futures in all aspects, Hans Edel also holds Hong Kong stocks worth about US$500 million.

These were originally used as bargaining chips for shorting and smashing the market, so that they can make more money when the market goes down. Now, it has become a tool to make yourself lose less.

Hans Edel actually thought about it, holding these stocks in his hands and waiting for the appreciation is probably equivalent to making up for losses. It's just that this thought just passed by in a flash.

The $500 million bargaining chip was originally bought at the high point range of Hong Kong stocks in recent months, and the positioning is not an investment at all. Moreover, the current situation is also obvious. The Hong Kong authorities, as well as Wall Street capital, cannot boost the Hang Seng Index infinitely. Hans Edel judged that after the offensive and defensive battle at the end of the month, the next period of the Hang Seng Index guarded by Hong Kong , probably around 10,000 points.

Compared with the previous purchase price, the Hang Seng Index is 10,000 points, which is still a loss.

Therefore, these two days, since the Hong Kong authorities and Wall Street capital want to boost the Hang Seng Index as much as possible, it is the best time for him to sell these stocks. Of course, unless the Hang Seng Index appears a super black swan again and returns to 16,000 points in two days, this is of course a dream. Therefore, these stocks will definitely still lose money after settlement.

The big screen in the office shows the curve trend of the Hang Seng Index.

After the brief jump at the opening, the short-sellers obviously began to exert their strength, and the Hang Seng Index fell back quickly, and then rose again.

Ups and downs.

Up and down.

So until 12:00 noon, during the two-hour morning trading session, the Hang Seng Index has been fluctuating around 10,500 points yesterday.

This is also the case in Hans Eder

expected.

Because the key is still in the afternoon.

Unlike tomorrow's settlement day, the HSI futures contract will be settled according to the average basis of the whole day. Today, the settlement points are still instant. Therefore, as long as the bulls pull the Hang Seng Index above 11,000 points at the last minute today, a large number of short positions will be liquidated again, and they will be forced to liquidate afterwards.

During the lunch break, Hans Edel, who has always been very restrained, accidentally ate himself up because he was thinking about things, and laughed at himself, and spent the rest of the time on the phone and discussing countermeasures with the team.

Throughout the morning, the trader team only liquidated a small part of the positions, and recovered less than 200 million US dollars.

At one o'clock in the afternoon, the stock market opened again.

In the first hour, the situation was still lukewarm around 10,500 points. After two o'clock, the Hang Seng Index started to rise rapidly again.

The large-screen projection in the trading office was also explained by Hans Edel, changing from the macro Hang Seng Index curve to the specific stock prices of the Hang Seng Index constituent stocks.

At 2:15, Hans Edel finally sent out the first sell quality of the day, selling a component stock of the Hang Seng Index worth 20 million US dollars at one time, and the trader who received the order completed the operation, Glancing at another computer screen in front of him, he found that the Hang Seng Index had indeed experienced a downward trough.

Afterwards, Edel, who had all the information in his mind, continued to instruct traders to sell stocks at an order frequency of about once every 10 minutes.

Occasionally a few more phone calls will be made.

However, the Hang Seng Index continued to rise in shock after all.

The tormented two hours, coupled with the 8 to 10 minutes of floating trading time in the Hong Kong stock market compared with other markets, finally, the Hang Seng Index closed at 10,711 points, a single-day increase of 2.5%.

More stats to follow.

During the entire trading day on October 30, the single-day trading volume of the Hong Kong stock market more than doubled compared to yesterday, reaching HK$79.6 billion. A day of fierce long-short game.

In the trader’s office of Deutsche Bank’s Hong Kong headquarters, when most of the traders were a little lucky to hold the 9800-point short position and not be liquidated, Hans Eder, who had been standing in the corner for almost a day, slowly slid down the wall and sat down. to the ground.

With $500 million in chips, only $170 million is left.

This is already the extreme of his savings after repeated savings.

After a little calculation and familiarity with the general situation of other short sellers, Hans Edel understood that the chips in the hands of those people would only be less.

As for Wall Street and the Hong Kong government?

Hans Edel can probably guess that the main force of today's bulls must be Hong Kong, and Wall Street may not even have done much!

In this case, there is no need to take any chances tomorrow.

A liquidation is almost inevitable.

After thinking about this, Hans Edel slowly got up, returned to his office, picked up the phone and dialed the German headquarters, and reported his judgment in a dry voice, then casually took his expensive Armani suit, a little casually Leave the financial center building and return to the Grand Hyatt Hotel.

Going to get a good night's sleep.

Perhaps, for a long time to come, it will not be easy to live in such a good hotel.

As for tomorrow, let him go.

Just walking all the way back to the Grand Hyatt Hotel, which is not too far away, Hans Edel raised his head with some emotion, wanting to take a final look at this high-end hotel in a prime location in Hong Kong.

Then, a black dot suddenly fell from the top of the building.

Getting closer and bigger.

Finally, it landed with a bang more than ten meters away from Hans Edel, and Edel felt a bit like a broken watermelon.

It's similar in every way.

This is a man in a gray suit.

Hans Edel tilted his head slightly for a moment amidst the exclamation of a woman who happened to be passing by, and was just a little curious in his mind, how did this guy run to the rooftop?

As for why the opponent jumped off, Edel didn't think much about it.

What else.

Speculation in futures, lost all.

It's just why jumping, it's actually pretty good to be alive, even if you're a loser.

Again, a lot of people get no sleep at night.

The indifferent sun patrolled the sky of Asia again the next day, and found that the annoying cloud city covered the city of Hong Kong, as if there was some secret that he didn't want outsiders to know.

Somewhat annoying.

Fortunately, clouds are also weak in front of the sun, and there are many other areas that can shine.

There really isn't any suspense.

October 31, the last day of October, is also the final settlement day for various futures positions in the Hong Kong financial market.

Different from the real-time data of the Hang Seng Index on the settlement day, the final settlement points of the Hang Seng Index futures will be settled according to an average value of the whole day's trading session, that is to say, even if the Hang Seng Index at the last minute It has skyrocketed to 16,000 points. If the average of the whole day is only 10,000 points, it still needs to be settled at 10,000 points.

Because of these rules, when some short sellers who still can’t see the situation clearly think that today’s game will be easier, at 10 o’clock in the morning, the Hong Kong stock market officially opened, and the Hang Seng Index jumped again from 10711 points at yesterday’s close, directly reaching 11032 points, if not for the settlement day, more HSI shorts

All of them will explode because of this.

Short capital immediately launched a counterattack.

On the contrary, this time, the selling pressure of the bears seems to have encountered an iron wall. Not only did the Hang Seng Index fail to enter the 11,000 point again, but the index curve continued to rise steadily, just like a tank broke into the battlefield of cold weapons, completely ignoring the surrounding The bow and arrow spear or the cavalry charge, just crushed forward with ease, all the way from 11000 points to 11500 points.

Until the final close in the afternoon, the Hang Seng Index finally settled at a high of 11,507 points, with a single-day increase of 7.4%.

The settlement points of the Hang Seng Index futures in October were finally fixed at 11265 points. None of the short positions in the 9000-point range of the Hang Seng Index futures survived. Not only that, because some of the short positions in their accounts were simply not enough to cover the losses. We had to pay part of it in advance, and we had to recover it from the relevant members afterwards.

In addition to the Hang Seng Index futures, the short-selling operations directly targeting various stocks in the Hong Kong stock market, and even some other short-selling models, all ended in huge losses.

The battle to defend Hong Kong's finances, which has attracted worldwide attention, ended with a complete victory for the Hong Kong authorities and Wall Street bulls.

No one knows how much short-seller capital has taken advantage of the trend. The media can only make some vague statistics based on various public data. A generally accepted figure is about 30 billion US dollars.

In this era, the top-tier companies in the world only have an annual profit of about 5 billion US dollars. The typical example is Daenerys Entertainment Group.

Most of the financial giants, for ordinary people, may be tens of billions of dollars, in fact, the annual profit scale is basically around 1 billion US dollars, such as Goldman Sachs.

30 billion U.S. dollars, calculated according to the profitability level of this era, is equivalent to the profit of Goldman Sachs for 30 years.

Even if it is shared by many Wall Street financial giants this time, 30 billion US dollars is definitely a rich piece of fat, and many capitals that have fallen into the trap, such as Deutsche Bank, which disclosed serious losses afterwards, not only will The profits of Thailand, Malaysia and other countries were all spit out, and more than 2 billion US dollars were posted again.

Hans Eder, vice president of Deutsche Bank's derivatives trading department, chose to resign voluntarily afterwards.

After a tumultuous week, it's the weekend.

It's November 1st, Halloween.

The Halloween schedule in North America started yesterday. Daenerys Entertainment Group’s The Conjuring Movie Universe’s another blockbuster "The Conjuring 3" started drawing at the same time in North America and major markets around the world, but it is basically a competition between itself and itself. The phenomenal ultra-low-cost pseudo-documentary film "Ghost Story".

The Halloween atmosphere in Hong Kong is not strong.

Taiping Mountain, inside the mansion on Shi Xun Road.

After Wednesday's press conference, Chen Qing did not leave, and stayed in Hong Kong to watch the excitement, and the same acquisition.

Because of the insider information from her boss, Chen Qing took Lin Su and quietly established a long position of hundreds of millions of dollars, which can be regarded as two small crocodiles. After settlement yesterday, the profit exceeded 50 million U.S. dollars, enough to buy a lot of money in Hong Kong. A top-notch mansion.

Of course, since her boss is not interested in Hong Kong, neither is Chen Qing, so there is no need to spend this money.

In the morning of Saturday, Hong Kong, where it rained yesterday, is still gloomy today, with occasional drops of rain.

Chen Qing was in a good mood, and was entertaining guests, guests from Korea.