Chapter 520 [Merrill Lynch wants to divest in anger]
Chapter 520 [Merrill Lynch is angry and wants to withdraw its investment]
Author: Zhaolingsiyu
Chapter 520 [Merrill Lynch is angry and wants to withdraw its investment]
It is now dark in the Eastern Hemisphere, while it is broad daylight in North America.
Charlie Alexander, a core executive at Merrill Lynch, was looking at a fax material sent from Star Capital across the ocean. As he read the content of the material, his expression gradually became more exciting.
At the end, with a "snap" sound, Alexander slammed the report on the table, and shouted angrily on the spot: "Madefaga——!"
Alexander immediately stood up and walked out of his desk, came to the window and supported himself on his waist. He covered his forehead with one hand and glanced back at the material report on the desk. He was dumbfounded now.
The material investment report clearly stated that Qunxing Capital bought 4.5 billion US dollars of Bitcoin with funds entrusted by Merrill Lynch, and the average price was US$1,030 per coin.
A total of 8 billion US dollars were entrusted, most of which were purchased in encrypted digital currencies.
Alexander returned to his desk again. He turned on his work computer and checked the latest price trend of Bitcoin. Yesterday it fell sharply by -8.64%, but today it surged by +12.00%. The price of Bitcoin is at US$831.54.
The Bitcoin held by Merrill Lynch had a floating loss of nearly 20 percentage points, or a book floating loss of US$866 million.
"Notify the person in charge of Greater China immediately and ask him to negotiate with Star Capital immediately..." Alexander picked up the phone and dialed a number and roared angrily. After making the call, he cursed angrily: "Damn——!"
At this time, Alexander realized that Merrill Lynch had been cut off by Qunxing. The trading volume on the day when Bitcoin peaked at 1,059.96 US dollars was exposed to an epic level. Qunxing Capital directly used Merrill Lynch's money to sell more than 1,000 in one day.
The price of the U.S. dollar took over from Bitcoin, and as soon as it took over, it was $4.5 billion.
Even a fool can see it.
Bitcoin's three super main rising waves, one wave higher than the other, violently pulled from the price of 0.6 US dollars to 1059.96 US dollars, the increase reached +1765593.98%, more than 1765 times the cumulative increase.
Its price has skyrocketed, and the market has been questioning whether this is the result of the behind-the-scenes operations of Qunxing Capital.
However, encrypted digital currencies are a new thing and are outside the scope of regulation, even on a global scale.
Although Stars Capital did not comment or respond to external doubts, everyone is certain that Stars Capital created this super bull market for Bitcoin, and the acquisition of the Mt.Gox trading platform was Stars Capital’s intervention in the cryptocurrency market.
Visual evidence.
After all, the Mt.Gox trading platform is currently the largest cryptocurrency trading platform in the world, with the number of users soaring to more than 3 million.
Many so-called industry insiders in China believe that Qunxing Capital will definitely lose money this time. Bitcoin is outside the scope of supervision. The acquisition of Mt. Gox will definitely end up with nothing in the end. By then, Europe and the United States will say that this thing of yours is illegal.
It's not compliant either. There's nothing you can do about it and it's just a waste.
…
The next day, Friday, September 2nd.
The A-share market opened today, and the market opened lower during the auction. It turned red within a minute or two and then dived. The Shanghai Stock Exchange Index finally closed at 2525.28 points, ending the day with a drop of -1.09%.
However, Tianzhou Online, driven by the news of backdoor restructuring, did not close the market and rose sharply by +9.98% today. Due to the change in stock price, trading resumed one hour after the temporary stop.
But the problem is not big. When trading resumed, the daily daily limit was firmly sealed, and the five-digit continuous board and the four shrinking one-digit board were eliminated.
Tianzhou Online's stock price has reached a price of 15.21 yuan, breaking through the rebound high since June. The market value has soared to 2.844 billion yuan. There are two historical highs ahead, which are the price of 25.25 yuan in 2009.
And the historical top price of 30.89 yuan in the 2007 bull market.
At around 17:00 in the afternoon, Tian Jiayi came back from the company.
"People from Merrill Lynch went to the Qunxing headquarters today. They were very angry and asked why they were involved in the cryptocurrency market. They bluntly said that we would cut LP's leeks." At this moment, the beautiful assistant was talking to Fang in the study room on the second floor.
Hong reported this matter.
At this time, Fang Hong said with a smile: "Why? Of course I am optimistic about the cryptocurrency market. Isn't the investment report clearly written?"
Seeing him looking like he didn't deserve a beating, Tian Jiayi couldn't help but roll her eyes at him. After a moment, she said, "Merrill Lynch is now proposing to withdraw its capital and requires Qunxing to pay for its losses."
Hearing this, Fang Hong sneered, and then said calmly: "It's okay to divest, but let Qunxing pay for the losses? Let them go and see how the original agreement was signed."
Tian Jiayi said leisurely: "Now we are directly at odds with Wall Street."
Fang Hong said with a smile: "If I don't do it in the first year of junior high school, they will do it sooner or later, so why don't I strike first?"
After a moment of pause, Fang Hong thought about it and said: "Merrill Lynch said that we should pay compensation for divestment. This is just their way of expressing anger. Anger is definitely anger, but they also know what the agreement is."
Tian Jiayi couldn't help but look at him worriedly: "What I'm more worried about is whether Wall Street will put pressure on us through other means besides market games..."
As soon as these words came out, Fang Hong understood what she wanted to say.
If Stars Capital cannot be dealt with, they may directly bypass it and put pressure on the government, and then pass the pressure to Stars Capital and be forced to compromise under pressure.
Finally, Fang Hong said in a deep voice: "Your worries are not impossible. They are indeed weak, but the current stars are not vegetarians. Our attitude is very clear. As for the political game, someone will help us withstand the pressure."
Fang Hong is confident in this, and the source of confidence comes from three core supporting forces.
First, Qunxing Capital has already strategically invested in five top Guo Jia team institutions. If it loses money, the five major institutions will also lose money. Does this count as a loss of state-owned assets?
Secondly, Qunxingzi’s current tax payment is astronomical. The number attributed to Zhongyang Finance alone has already started at hundreds of billions, and will only be more in the future. This is real money and silver tax revenue, and there is enough
Reasons and motivation to push back the pressure.
Third, the main assets of Qunxing Capital are currently offshore. More than 80% of the total assets have not been returned to the mainland. It is not known where they are hidden. The purpose of not returning is to avoid large-scale imported inflation. After all, now
Inflation pressure is already very high.
Not large-scale reshoring is also low-key. Furthermore, resources can be directly replaced later, that is, a little reshoring. Stars Capital uses money to buy resources, and Guo Jia's multinational trading company imports the resources back, and the final price is transferred to the local currency.
Qunxing Capital completed the indirect return.
In this case, if you don't take it back, are you afraid of losing people's hearts? Maybe 80% of the assets will never come back.
Therefore, no matter whether it is emotional or rational, we cannot be soft on this matter, and we must push back.
Fang Hong said calmly: "Don't worry, it's impossible for Merrill Lynch to withdraw its capital. Their strategic goals have not been achieved yet, they are just showing off. What Wall Street really values is the meat of Qunxing. Billions of dollars are just mosquitoes."
The leg meat is just bait, I'm sure it's acting, so what we have to do is just act according to the occasion."
