Whether it's stock index futures or stock index futures, they are not traded like individual stocks.
This is actually a financial game.
Branch manager Huang Xingyao walked into Xing Baohua's office.
"Boss, here are the materials you requested." He then placed some financial newspapers that Xing Baohua needed on the side of his desk.
Xing Baohua neither looked at nor picked up anything. Instead, he stood up, walked to the window, drew back the curtains, pointed to the street, and asked, "Wait in the lobby, which properties on this street are available for sale?"
“Okay, boss. I’ve inquired before, and the current housing prices aren’t suitable for us. The newly appointed Federal Reserve Chairman, Greenspan, adjusted bank interest rates last week to continue suppressing the inflation rate in the United States. Prices, housing costs, and taxes are also too high right now,” Huang Xingyao reminded Xing Baohua.
"I'm not buying now, I just want to know how many companies are willing to sell, so it's easier to buy later," Xing Baohua replied.
“OK, I’ve compiled a list for you recently. Actually, you can just call a real estate agent to ask,” Huang Xingyao said.
"It's best to send someone from our own team to save on the agency fee. By the way, do you have detailed information on Lehman Brothers?" Xing Baohua walked back to his desk, sat down, and asked.
"Yes, there are some more that need to be sorted out. I'll bring them to you later."
"Contact the supervisor over there and schedule a time. I'll talk to them personally," Xing Baohua instructed.
Huang Xingyao nodded, and seeing that Xing Baohua did not give any further instructions, he took his leave and went to carry out the tasks that Xing Baohua had just instructed him to do.
Lehman Brothers received a call from Huang Xingyao, saying that their big boss wanted to see them.
A little investigation revealed that this guy was very familiar with the situation.
A thorough investigation revealed who it was; news spreads quickly within financial circles. Xing Baohua's battle against a coalition of international speculative capital in Hong Kong created a textbook example of a successful strategy.
However, Lehman Brothers was also one of the losers.
Lehman Brothers, which controlled two investment banks, also participated in the crackdown. The losses to its clients were not significant, amounting to just over 300 million US dollars.
The message was reported to Lehman Brothers CEO Collins.
They thought Xing Baohua was coming for revenge?
After making inquiries, it turned out that none of the institutions and speculative funds involved in that crackdown were retaliated against.
They didn't use Lehman Brothers' name when they got involved, so it's impossible that the other side could have investigated so accurately and targeted Lehman Brothers as the primary target of retaliation.
Lehman Brothers may not be comparable to Morgan Stanley or HSBC, but it is still a huge corporation. Anyone looking to retaliate against Lehman would have to be careful.
These are all speculations by Lehman and his team.
They even considered another possibility: was Xing Baohua there to do business? What if he became a Lehman Brothers customer?
Therefore, Collins decided to meet Xing Baohua in person.
The agreed time was the next day, in Xing Baohua's office.
This guy didn't see the middle-aged man with a belly as big as a tire until almost 10 a.m.
The two shook hands, and Collins politely said to Xing Baohua, "Mr. Xing, is there anything Lehman Brothers can help you with?"
“A little!” Xing Baohua nodded, first offering the old man some coffee, then pointing to the data charts hanging in the room.
He added, "I'm very interested in US stocks and stock indices. Look how impressive the gains are here."
“Yes, Mr. Xing.” Collins nodded and complimented, following Xing Baohua’s finger to look at the rising prices.
Actually, he was cautiously testing Xing Baohua's intentions.
“I know Lehman Brothers also has a trading platform. I want to set aside some funds and trade on your platform.”
Collins' eyes lit up at these words, and a slight smile appeared on his lips.
It seems the other party isn't here for revenge, but to deliver money.
Lehman Brothers paid a transaction fee for every single transaction.
"Mr. Xing, I guarantee you the lowest handling fees, and even the commission can be the lowest in the entire United States. May I ask how much money Mr. Xing Baohua wants to deposit?"
“I’ll trade two fingers over there, the Dow Jones Industrial Average and the Nasdaq Composite Index. 20x leverage,” Xing Baohua said, holding up two fingers.
"No problem, however many accounts you need, we have the authority to help you." As a seasoned financial player, he instantly understood that Xing Baohua was trying to take shortcuts.
Playing with two fingers isn't so fun.
“I will transfer 1.5 billion US dollars to your bank. What is the maximum credit line you can give me?” Xing Baohua asked.
"This..." Collins hesitated slightly. It was really hard to say. The two had not established a cooperative relationship, and they had no idea about Xing Baohua's specific wealth.
Therefore, Collins could only apologize and say, "I'm sorry, Mr. Xing, we need to assess your capabilities first."
"Okay, I need to do it as soon as possible." After saying that, Xing Baohua extended his hand, indicating that he was happy to cooperate.
After seeing the veteran financier off, Huang Xingyao took Lehman Brothers' documents and went into his office.
"Boss, among those speculative funds you asked me to investigate, two belong to Lehman Holdings. Are you cooperating with them?"
Xing Baohua looked up and smiled slightly, knowing Huang Xingyao's doubts. He had been hit with a stick and still had to give gifts to the person in charge.
He explained, "I won't let them earn a single cent in commission. As long as they open up the limits, we'll bet against each other."
"A bet?" Huang Xingyao asked in surprise.
“I estimate that after assessing my financial strength, Lehman Brothers could afford around $2-3.5 billion. After all, they are small and can't come up with that much money. We'll use their money to bet on a two-finger short position,” Xing Baohua said.
"Will they agree?"
"I will agree!" Xing Baohua said calmly.
This statement left Huang Xingyao somewhat bewildered. Why was his boss so certain that the other party would agree? What if Lehman Brothers also foresaw a downward trend and refused to bet against Xing Baohua?
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