My Cloud Girlfriend Online

Chapter 605 Zhao Qingtian's Destruction

The main reason why they dare to do this is that their trading methods and responsibilities are different from those of ordinary financial companies.

General financial companies are oriented to the public and customers, so they have certain requirements for profitability, risks, and so on.

In fact, this fund company is just Zhao Qingtian's private treasury. It has no performance pressure, and has a scientific and stable financial mathematical model. The risk is very low.

In addition, their leverage is low, and they use the shares of the Zhao Group as collateral, and they have left sufficient deposits in banks and exchanges. Even if the price drops to zero, they will not liquidate their positions and can still deliver crude oil.

As long as there is crude oil after delivery, at worst they will ship it back to China and let the Zhao Group pay for it.

Therefore, this kind of insurance makes them less stressed, and they don't have to pay attention to the price of crude oil all the time.

But the saddest thing about human beings is that every time they think that everything is perfect and infallible, tragedies always happen

At 20:00, the nightlife starts in Hong Kong and the mainland, but it is just early morning in Magnesia.

At 21 o'clock and 22 o'clock, various departments and companies in Magnesium began to go to work one after another.

At 23:30, the Magnesium Energy Information Administration held a temporary press conference, and then disclosed a series of data from the previous quarter.

According to the data disclosed by them, the country’s crude oil inventory has increased by 2.7 billion barrels compared with the previous quarter, and the country’s crude oil inventory (excluding the country’s strategic oil reserve) has grown positively for 20 consecutive weeks. The increase has repeatedly hit new highs.

In contrast, the occupancy rate of crude oil storage and storage has been rising all the way.

It has climbed from a low of 23% to 84% now. . With a certain storage pressure.

And because of the current turmoil in the world situation, coupled with the decline in the utilization rate of crude oil caused by the domestic economic downturn.

They expect that the storage pressure of crude oil may continue to increase, and it is likely to reach the pressure warning line of more than 95% in about 10-15 days.

So they issued a warning to the outside world, asking each company to coordinate storage as soon as possible, or give up buying crude oil futures. Be aware of the risks.

At the same time, while the Magnesium Energy Information Administration issued a warning, the Magnesium Crude Oil Exchange also issued a similar warning.

In the warning, the exchange reminded all trading parties that in 10 days, it will be the day of crude oil delivery in May. At that time, trading parties holding crude oil futures need to prepare corresponding storage in advance for corresponding delivery.

Therefore, in order to avoid the failure to complete the delivery, each buyer must prepare a storage place.

As soon as the two news came out, the crude oil futures market immediately began to be in constant turmoil.

The price of crude oil fluctuates and seems to be a bit wobbly.

At this moment, Yang Nuannuan, who had already obtained the "operation details" from Chen Yan, began to sell a large number of crude oil futures in his hands without hesitation.

Moreover, selling at almost no cost does not give anyone else a chance at all.

Ever since Chen Yan verified the feasibility of killing Zhao Qingtian by using the [Xiaoha’s Polaroid] camera, he has made all kinds of preparations, even if he loses money, he will kill Zhao Qingtian. Prepare.

Therefore, he arranged for Yang Nuannuan to build a bottom warehouse early on.

During this period of time, he held at least tens of billions of crude oil futures in his hands.

Therefore, when such a large number of empty orders appeared, the entire crude oil futures plummeted immediately.

The market is blind.

Because of such a big disadvantage, coupled with Chen Yan's smashing of the market, many trading parties also started to follow suit.

The pressure on empty orders increased, and the price of crude oil futures plummeted like a waterfall.

Directly from more than 20 magnesium yuan, all the way down to more than 10 magnesium yuan.

And that's not all.

I don’t know if today is the end of crude oil futures. After the State Energy Information Administration and the exchange made a series of voices, storage parties also raised their site rental prices in a timely manner.

Not much to mention, and it is a little more expensive than crude oil. But in this case, it is almost fatal.

Some people did some calculations, and according to the rental fees of various storage parties, the price of this batch of crude oil is almost sky-high.

As soon as the news came out. Originally, it was just some retail investors who were purely speculative and not ready to deliver crude oil, as well as small financial companies running away. Now even large financial companies that do serious crude oil futures business are planning to run away.

After all, the venue fee has gone crazy now, more expensive than the price of oil.

If they continue to hold this batch of futures, they will lose money.

It's better to let go now, and admit defeat!

Therefore, when big companies also joined the short side of crude oil futures, the world crude oil futures price really couldn't hold back this time.

Crude oil futures, which had fallen from more than 20 Mg to 10 Mg, fell again.

8 mg, 6 mg, 4 mg

When the price of crude oil futures is getting lower and lower.

Something that shocked people all over the world happened.

Crude oil futures actually fell below!

It's not a lower limit, it's a drop, it's a negative number!

At that moment, everyone who was paying attention to crude oil futures was dumbfounded.

This also includes Chen Yan and Yang Nuannuan.

After all, the cash withdrawal plan that Chen Yan got was only to let him go short when it was more than 20 Mg, and then buy it when it was around 2 Mg.

It's just that Chen Yan is only for information this time, not for cash withdrawal.

He has already prepared himself to lose billions, but he is ready to bring down Zhao Qingtian's tens of billions.

Therefore, his plan for Yang Nuannuan is: don't care about the price, just keep hitting it down.

As a result, now... smashed through.

After falling to a negative number, crude oil futures prices have obviously stagnated.

At this moment, many people feel that they should be able to buy in and give it a go.

After all, buying crude oil futures with a value of zero is equivalent to getting a batch of crude oil that does not cost money in the next May!

It's really heartwarming.

Therefore, many buyers joined this long-short game at this time.

However, there are still many smart people in the world.

The major financial companies were hesitant to take back the disk at first, but after careful calculation, they were surprised to find that even if the price of crude oil futures was zero, they would give it to them for free.

In addition to high storage costs and transportation costs, they still lose money when they sell to major oil companies! And you have to pay a lot!

How to deal with this situation.?

Continue to sell!

Can't keep a single order!

Therefore, after playing the "zero" game for a period of time, crude oil futures plummeted again.

This time, it really looked like a waterfall.

-

5 mg, -8 mg, -12 mg, -16 mg

Soon, crude oil futures fell below -20 magnesium dollars per barrel.

That is to say, for every barrel of crude oil sold, the seller not only loses money, but also pays the buyer 20 yuan.

This is simply appalling.

However, the world is always magical.

The superposition of several negatives made the decline of crude oil futures seem to have no end.

-

20 mg, -25 mg, -30 mg

In the intraday session, the price of crude oil futures fell to -40 Mg.

Some time ago, the price of crude oil was more than 20 magnesium dollars per barrel. It fell three times.

By this time, the price of crude oil futures finally stabilized and began to rise slowly.

Finally, after 8 o'clock the next morning, people in the mainland and Hong Kong began to get up one after another to go to work. The price of world crude oil futures stabilized at -34 mg

Hong Kong City, Xinfu Building. 12F.

He Jie, the trader of the Zhao Group's Crude Oil Fund.

In the morning, He Jie got up from the bed.

Although the atmosphere of the company is relatively loose and free. However, as a practitioner in the financial industry, He Jie still has basic professionalism.

So, after waking up, he turned on his cell phone while washing his hands, and paid attention to the situation of crude oil futures last night.

The page was refreshed, and he couldn't help being a little surprised when he saw the number 34 displayed on the page.

"It's 34 magnesium dollars a barrel now?"

'what happened? so high? '

'Is the World Petroleum Organization and Mao Bear a settlement? Are you ready to cut production together? '

While brushing his teeth, he was puzzled.

But after all, he is not going to work now, so he has no desire to continue to understand. I just want to watch the news and study after I go to work.

'Anyway, the year-end bonus has been settled. '

While thinking happily, he turned off his phone and continued to wash.

After washing up, He Jie went to the dining table to have breakfast.

While eating breakfast, he accidentally glanced at the flowerpot on his table.

In the flowerpot is a green cactus.

At that moment, He Jie was stunned.

Because, he suddenly didn't feel right.

‘What color was that 34 just now? Is it a green one? ? '

Surprised, He Jie took out his phone and looked at it again in disbelief.

As a result, he was surprised to find that the 34 on the crude oil futures price was not only green, but also had a [-] in front of it.

"Aren't you crazy! -34 magnesium dollars? Can crude oil futures have negative numbers??"

He Jie screamed, almost wondering if his phone had been hacked.

This time he finally couldn't sit still, and quickly picked up his phone to check the specific situation.

Soon, he found a bunch of reports and news about the incident.

In the end, even though he had 10,000 people who didn't want to believe it, he could only believe that it was all true.

He Jie came to the company in a daze.

But after coming to the company, the company really messed up.

The phone rang non-stop, whether it was the office or the lobby, it was extremely noisy.

Among them, the loudest one was the pale general manager.

He yelled at the people below, "We're done! We're done! Our fund has a scale of more than 50 billion yuan, and holds a total of 500 million barrels of crude oil, with an average price of about US$16."

"As a result, at the current price of -34 US dollars, we not only lost all our money, but also owed the bank - 17 billion US dollars, which is 120 billion!"

at the same time. Tiandu. Zhao Group Chairman's Office.

Zhao Qingtian also learned the news from his assistant.

At that moment, he only felt a "buzz" in his head!

Crude oil futures plummeted? ! And can it plummet to negative numbers?

how did you do that!

The bank called one after another, but he didn't want to answer it at all.

After all, so what if you pick it up?

The Zhao Group does have the money to fill in the hole, but even if it is filled in, what's the use?

The money was for the bank, but all his property can't be filled.

Thinking about it this way, even Zhao Qingtian, who has experienced countless storms and waves for more than 20 years, can't take it easy.

Taking a few deep breaths, Zhao Qingtian tried his best to calm himself down.

Then he picked up the phone and called someone from the finance company.

After a while, the pale general manager who was screaming in the company answered the phone.

He said hoarsely, "Zhao, Mr. Zhao."

Zhao Qingtian asked calmly, "Is there any remedy?"

The general manager's voice was choked up. His voice was trembling, and he said incoherently, "No more. It's over. It's all over. Mr. Zhao. Everything's over."

Zhao Qingtian yelled, "Calm down! I ask, you tell!"

He recalled the multiple insurances of the fund at the time, and then asked repeatedly, "We have almost no leverage. As long as we don't sell it, can we hold it in principle until it rises back?"

"Don't worry about the collateral, I can call the bank and continue to increase the collateral."

The general manager said in a trembling voice, "No, Mr. Zhao. We buy crude oil futures in batches. They have to be delivered when they expire. There is no way to wait."

The first insurance failed, and Zhao Qingtian continued to ask, "Then let's buy these crude oil, and the Zhao Group will take over. Is it possible?"

The general manager said with a trembling voice, "I can't take it anymore. Mr. Zhao. Now the international situation is chaotic, the international canals are blocked, and after the crude oil is delivered, it can't be shipped back to the country at all. It can only be stored first. Leek, every day we save is a huge loss."

Zhao Qingtian felt his heart tightened, "Can we make the delivery first, and then sell it to others directly in the country of magnesium?"

The general manager really cried this time, "Mr. Zhao. Let's sell it at the price of -34 dollars. It will cost more than 120 billion."

All the insurances failed, and Zhao Qingtian's face became more and more gloomy.

He didn't bother to continue chatting with the general manager, he hung up the phone with a "bang!", and then walked around the room.

Even though he didn't think of any solution, he knew that this loss must not be taken, or he would be doomed!

Because, the money is not all his, but also the unspeakable people around him!

Therefore, his brain turned rapidly, trying to think of a solution that could be solved.

Maybe because pressure can really give motivation, he thought for five or six minutes, and finally came up with a somewhat desperate solution:

Since many of the money belonged to his "people around him", why didn't he ask them for help?

For example, let them operate, let the bank take over the bad debt, or ask a certain company to take over the order

Or, rely on them to suppress the criticism within the Zhao Group and let the Zhao Group take over the full amount

Thinking of this, Zhao Qingtian quickly walked to the desk, picked up the phone, and wanted to call his "friend" to chat about whether the plan was feasible.

And at this moment, suddenly the door of his office was pushed open, and several people in black suits and red ties walked in.

Among them, the leader showed his ID card, and then said in a dignified manner, "Hello, Mr. Zhao Qingtian. We are from the Disciplinary Supervision Department, and now I have something I want to ask you for clarification."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like