Chapter 48 Dancing the Tango on the Edge of a Cliff!
"Hey you guys, what's wrong? Still feeling the effects of last night's alcohol?"
In the office, Liang Haiyuan looked around and saw that his traders all had dark circles under their eyes and looked dejected and listless. He couldn't help but ask.
The atmosphere was so heavy it was almost palpable.
"Brother Haiyuan, stop joking. Who was in the mood for drinking last night?"
A young trader replied with a long face and a weak voice.
Another trader's face was also filled with grievance:
"You have no idea, just thinking about that made my hands shake like I had Parkinson's disease, and I couldn't sleep a wink all night!"
Liang Haiyuan knew exactly what was going on.
Who else could have scared these usually audacious guys like this, besides the bombshell dropped by their Manager Su Hao at yesterday's dinner party?
That guy, without batting an eye, announced: He wants a full 250 million!
Play!
short!
Wire!
250 million!
It's followed by a full eight zeros!
Not virtual currency, but real money!
Use it for short-term trading!
Whose heart could withstand this?
"Sigh, it's all my fault for being so loose-lipped! I shouldn't have brought up that Greece crisis in the first place..." someone started pounding their chest in regret.
"Give me a break," someone immediately poured cold water on the idea.
"Even if we don't bring it up, given our manager's personality, do you think he'd let this opportunity slip by? He's probably already planned it all along."
"No, guys... our manager... is he serious? Is he really going to spend 250 million on short-term speculation?"
The young man who initially complained couldn't help himself.
"To be honest, haven't we already exceeded our performance targets for this month, this quarter, and even the whole year by hundreds of times? Logically speaking, shouldn't we be enjoying a holiday now, lying down and counting our money? Is it really necessary to work so hard?"
These words struck a chord with everyone present.
According to industry practice, once the performance targets of the trading department are met...
Unless the market is in a crazy, frenzied bull run, traders would have packed up and gone home to enjoy life long ago.
Who's still stuck in the office, suffering through the long hours?
Rumor has it that every trader is a gambler in a suit.
That's true, because they all have adventurous blood flowing in their veins.
But what laymen don't know is that these guys are shrewd.
Before achieving their performance targets, they were all as fierce as Lu Bu, rampaging through the market and cutting through everything in their path.
But once the target is met, "whoosh," they immediately switch to "wise maniac mode" and instantly transform into a vacation fanatic who cherishes the tranquility of life.
After all, who would be so foolish as to risk throwing away hard-earned money?
"...Our manager's physique is different from that of an average person, isn't it?" someone muttered.
"I think it's the legendary 'Heart of the Beast.' The heart is made of titanium alloy!"
"What a load of rubbish! I bet he didn't even have the 'fear' emotion module installed in the factory settings!"
"Yes! That's not twenty-five million, it's 250 million!! A full 250 million!!!"
Two hundred and fifty million.
For the average person, let alone touching such a number, it's difficult to even imagine how big a pile of these numbers would be when stacked together.
What's worse is that with such a large sum of money, if the operation is slightly aggressive or the moves are slightly flamboyant, the exchange's real-time monitoring system will be watching closely from the very beginning, with alarms going off at full speed.
The next step is to submit the report to the Securities Regulatory Commission and wait to be invited for a "coffee talk".
This is like dancing the tango on the edge of a cliff; a slight misstep could cross that invisible regulatory red line.
If a "market manipulation" charge is slapped on him, he'll probably be locked up behind bars.
Even so, their manager, Su Hao!
Yesterday, it was announced calmly and without any major upheaval:
He wants to use 250 million!
Let's have some fun!
"Tell me! With this kind of situation! Whose hands wouldn't tremble! Whose heart could take it!"
"By the way... the manager hasn't arrived yet?"
"It should be soon, he's always punctual..."
Before he could finish speaking, the office door opened.
Good morning, everyone.
Su Hao, their audacious and outrageous manager, strode in with a relaxed gait and a beaming smile.
Look at the look on their face!
His face was rosy and glowing, and he looked radiant; there wasn't even a trace of dark circles under his eyes!
Clearly, after the dinner party last night, he went home and slept like the dead of night!
This contrasts starkly with the group of "zombies" in the office, trembling with fear, unable to sleep, and with dark circles under their eyes, worried that they would lose their last two hundred and fifty million.
The audience's inner monologues were flooded with messages:
'Holy crap...this guy...he's a monster, isn't he?'
'Could he be an alien in human skin, here to experience life on Earth?'
'I recognized that look in their eyes; this person is suspicious... I can't afford to mess with them.'
The mortal body simply cannot fathom the inhuman mental structure and psychological qualities of such beings.
Inside the meeting room, Su Hao stood calmly in front of the whiteboard.
"Although the daily trading volume of the A-share market is around one trillion yuan, our funds, at 250 million yuan, can still attract considerable attention if not managed properly."
His voice was steady and clear, reaching everyone's ears.
He paused, then casually wrote down a few numbers on the whiteboard:
"If it's a small-cap stock, like ' ST Zhongrun ', the daily trading volume will at most be one or two hundred million."
If we just dump our 250 million directly into the market...
Just think about it, what's going to happen? The stock price will probably skyrocket, and then the exchange will send an inquiry letter!
"Generally speaking, if the trading volume of a single account for a single stock accounts for more than 5% to 10% of the total, it will trigger the exchange's key monitoring."
Then this matter might be taken to the Securities Regulatory Commission, and if it is deemed to be serious…
He didn't finish his sentence, but everyone present was an expert in the field and understood the unspoken message—
Suspected of manipulating stock prices! This is a serious charge!
Therefore, most private equity firms allocate most of their funds to bonds and foreign exchange, which have relatively controllable risks, or simply invest in overseas markets.
In the domestic market, once the scale of funds reaches a certain level, all sorts of unseen restrictions will follow.
Su Hao raised his head and glanced at everyone: "What if we split the funds and buy in a diversified manner? Entering the market in small amounts and multiple times?"
"Theoretically feasible," Liang Haiyuan replied, frowning.
"But the problem is that even if it is broken down into hundreds or thousands of orders, as long as they come from the same account system of our Seventh Department, they will still be marked as 'key to watch' by the exchange's system backend."
No matter how well they disguise themselves, in other people's eyes, they are definitely suspected of being the 'main force' and easily identified as acting in concert!
A typical trading team can only mobilize a maximum of 50 million in funds at a time.
They're about to throw in 250 million in one go, which is several times more than what others have done. With that kind of scale, it's hard not to attract attention. They're like fireflies in the dark, blindingly bright!
Therefore, there is an ironclad rule in the industry:
It is absolutely forbidden for several teams to collude privately and "join forces" to raise or lower the price of a particular stock.
Once conclusive evidence is found, an investigation letter from the Securities Regulatory Commission will arrive immediately, with penalties ranging from fines and warnings.
In severe cases, the license may be revoked and the person in charge may have to go to jail.
For this reason, many private equity firms, even within the same department, will deliberately allocate funds to different teams, allowing them to act independently based on their own judgment.
It's euphemistically called "internal horse racing," but in reality, it's just a way to avoid suspicion of "concerted action" and to completely disperse the risks.
"Oh, right," Su Hao said, as if remembering something, turning to Liu Bo, who was in charge of information exchange.
"Has the research department released the report yet? The one I requested last night at the last minute, the latest analysis on the Greek debt crisis."
"Ah, coming, coming! Manager!" Liu Bo quickly rummaged through a pile of documents, found the report, and handed it over with both hands.
"Manager, the research department's conclusion is... well, Greece will ultimately not default on its debt. They've synthesized the opinions of major overseas investment banks and rating agencies, and they generally believe... the Greek government has a 97% chance of avoiding default!"
Su Hao flipped through the report expressionlessly, then looked up, his gaze sweeping over the people sitting around the conference table with an almost tangible intensity:
What about you? What do you all think?
"We...we certainly don't think it's possible to breach the contract!"
"Yes, manager, for a sovereign nation to announce it will default on its debts... this is utterly ridiculous! Unless the leaders of Greece have lost their minds!"
"That's right, 97% probability. It's basically an open secret. Greece will definitely pull through!"
Everyone echoed this sentiment. After all, in their common sense and experience, it was simply unimaginable—too crazy—for a modern sovereign nation, especially a member of the European Union, to publicly declare a debt default!
"But…" Liang Haiyuan looked at Su Hao cautiously, with a hint of probing.
"Manager, you mean...you don't believe that 97%? You...you're convinced that Greece is doomed this time, that they'll definitely breach the contract?"
As soon as he said this, everyone's eyes immediately focused on Su Hao's face.
When he read that strongly worded news report yesterday, he couldn't shake off that extremely strong, premonition-like feeling.
However, it's always better to be safe than sorry, especially in a battlefield where hundreds of millions of dollars are involved. It never hurts to double-check.
Let me see…
Su Hao lowered his head and did not answer immediately, but instead carefully read through the report sent by the research department.
The report did analyze this, but it was just an assumption—only an assumption.
Greece has really gone out of control and announced a debt default. What kind of impact will that have on global markets, especially the domestic market?
Overall, the country's economic size and external dependence, as well as its direct connection with Europe, are not as critical.
Even if Greece does indeed collapse, its direct impact will probably be less than that of the previous stock market crash.
The real problem lies in the financial sector! A domino effect!
If European financial markets experience severe turmoil due to the Greek default, panic could spread like a virus.
Stocks in the financial sector will definitely be the first to be hit, receiving a heavy blow!
Furthermore, if the fear of a global economic recession spreads, people will tighten their purse strings and reduce their willingness to consume, and consumer stocks such as retail and manufacturing will also be hard-pressed to escape the consequences.
Conversely, are there any sectors that might benefit?
The report also mentioned it. Of course! Risks and opportunities coexist.
If Greece defaults and causes the euro to depreciate significantly, it would actually be a huge boon for export-oriented companies in China!
Their products will become much more price-competitive in the international market!
The report highlighted several key beneficiary industries: machinery and equipment manufacturing, textiles and light industry, electronics and home appliances…
"..."
Su Hao's gaze slowly swept over the list of potentially benefiting stocks in the report.
His fingers, unconsciously rising, were those of his right thumb, the very same thumb that had given him "inspiration" in countless trades, lightly and almost imperceptibly tracing across the paper printed with stock codes...
Sudden!
"Sizzle!"
An extremely noticeable, static-like stinging sensation instantly came from his fingertips!