HK financial news reports that Xing Baohua met with a senior manager of one bank today and a manager of another bank the next day.
The fundraising signal is very strong. According to financial experts, Xing Baohua is raising tens of billions of yuan to continue buying oil futures at rock-bottom prices.
With so many long positions already placed, it's impossible to let short positions continue to run rampant.
The battle between bulls and bears is exciting, but it leaves many short-term traders feeling lost and directionless.
Long-term investors can ignore it, but they should still pay close attention to the trading price. If it hits the bottom line, it will be a real headache.
Xing Baohua doesn't need funds at the moment, so calling the bank is just a formality for outsiders.
It is a confusing behavior.
Xing Baohua's actions couldn't be kept secret from those overseas institutions, so they increased their investment to continue shorting.
No matter what he did, Xing Baohua would always buy at low prices. He bought as much as he could, as if he had a printing press behind him, his money was inexhaustible.
The low prices wouldn't last long, but Xing Baohua learned from the desert country that the Americans were buying oil like crazy when prices were low.
Look at this tactic: on the one hand, they say they're diverting strategic oil reserves into the civilian sector, creating the illusion that there's no shortage of oil, making people or investors think that oil-producing areas will stockpile oil, and that oil prices will inevitably fall in order to make it easier to sell.
With international speculative funds and institutions taking the opportunity to short sell, oil prices plummeted, triggering a crash.
Anyone who's still hesitating or not buying oil at this point, waiting for the lowest price to buy, is a fool.
The Americans have been buying up large quantities of crude oil through third parties, whether it's spot or futures oil, they're scrambling to buy it up as long as it's available.
Xing Baohua is also scrambling now, but he's scrambling from the market.
Oil at just over 13 yuan a barrel—once you see this price again, you'll never see it again.
Fortunately, a group of self-righteous speculative investors were helping Xing Baohua out; for every available order, there was a long position.
For every short position placed, Xing Baohua would receive the corresponding number of long positions.
When the money wasn't enough, Xing Baohua used his own private savings to add more than 20 billion yuan.
Despite the large amount of speculative capital, the actual funds available for short selling are relatively small. Of course, they operate according to a plan, allocating specific amounts to suppress prices and other funds to inflate them.
Without Xing Baohua, they believed this deal would have been handled beautifully.
But who knew that Xing Baohua was so wealthy? The short positions didn't trigger his stop-loss, and no one's account was liquidated.
This, in turn, provoked resistance from Xing Baohua, who used multiple orders to raise prices and protect his previous orders.
The amount of money invested in both countries is enormous, amounting to five or six hundred billion US dollars in the entire Hong Kong trading market.
It is enormous and awe-inspiring.
This has led to retail investors being hesitant to participate, even those who wanted to engage in short-term trading.
The only ones who supported Xing Baohua to win were his loyal fans. Regardless of the consequences, they followed Xing Baohua's betting strategy and just waited to collect their money.
Xie Yingying approached Xing Baohua and whispered, "Boss, Morgan's representative, Dark Bellen, wants to see you."
“Tell him I’m busy.”
"He said he has an important collaboration he wants to discuss with you."
"Like I said, I'm busy right now. I'll contact him when I'm free," Xing Baohua said, turning his head to Xie Yingying.
"Okay." Xie Yingying nodded and left.
Xing Baohua knew what this so-called representative wanted to do. He was simply trying to persuade Xing Baohua to loosen his grip.
The speculative capital that came to Hong Kong was not targeting Xing Baohua.
Given the current battle between bulls and bears, international speculative capital has gained nothing; on the contrary, it has been suppressed by Xing Baohua and is unable to exit the market.
They can only profit by shorting when the price is low. But Xing Baohua's long positions are driving up the price.
If we average the prices, international speculative investors are basically losing money.
Because Xing Baohua's average price is very high, they dare not make any rash moves.
It's not easy to withdraw from a long position. If no additional investment is made, Xing Baohua's long positions will drive the price up. Once it exceeds the average price, those international speculative investors will be the ones who get trapped.
It's difficult to get out of there unless you cut off a piece of your own flesh.
Normally, a few million, tens of millions, or even hundreds of millions wouldn't matter, but this time it's different. It's billions of dollars worth of flesh to be cut. Who wouldn't feel the pain?
Perhaps "heartache" is not enough to describe their tragic situation.
So it makes perfect sense to ask a middleman to settle the score.
Unfortunately, Xing Baohua didn't give them a chance; if she did, it would only be to discuss it on the mainland, not in Hong Kong.
Xing Baohua tries to stay home and avoid meeting people in Hong Kong, fearing that certain departments and organizations might target him and punish him severely.
He knows better than anyone how much people hate him.
Even after rejecting Morgan, people still came to him. Xing Baohua refused to see any of them and continued to do as he pleased.
Those foreigners with connections in Hong Kong were furious. They and foreign investors were all in cahoots, and with Xing Baohua showing such disrespect, how could they not be angry?
Actually, they brought it on themselves by getting angry.
But some people are caught in the crossfire even when they're not doing anything, and they're not just angry, they're furious.
This man is Da Mao.
He's like a house with drafts everywhere, and you've blocked all the vents. But you've created an even bigger vent for him. How can he not be angry?
Russia is currently experiencing monetary inflation, to the point where people have to think twice before buying a loaf of bread. If you were to give them a low oil price at this critical juncture, wouldn't that be killing them?
Oil is also produced in the country, and although the cost is higher, it is still a pillar of the economy!
With oil prices at thirteen yuan a barrel, Da Mao loses more than one yuan for every barrel of oil it produces.
Millions of barrels a day, and we're losing money every day, who can stand that?
The Russian currency inflation directly led to commodity inflation. Ordinary people's wages didn't rise, but prices did. Instead of a slow, gradual increase with an adjustment period, it skyrocketed like a rocket.
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