Rebirth of the Financial Overlord

Binzhong Tainan's face was terribly gloomy.

Market manipulation?

Buying and selling with your own money, every transaction is legal, bullshit manipulating the market.

The market is not manipulated, so where does the ups and downs come from.

need?

Stop bullshitting.

Facing the two bastards who broke in suddenly, Hamanaka Yasuo knew deeply that it was the short sellers in the market who joined forces with the British government to target Sumitomo's position.

First change the rules, then hit yourself with the law.

fair?

There is no fairness in this world.

Yes, the securities law does have the crime of market manipulation.

Every country has them.

Japan has it, Hong Kong has it, Britain has it, and the United States has it.

Europe and the United States have extraordinarily strict regulations on finance?

In theory it is.

But in fact, compared to Sumitomo's 5% position in copper futures, it is unknown how many companies' positions in other targets far exceed this amount.

The price of sugar fell from US$2.20 to 0.218 that year, and no one checked and manipulated it.

The foreign exchange of various countries collapsed, and no one checked the manipulation.

Now, just to make a little money, these bastards put a hat on themselves.

It's just too deceiving.

After staring at the two people at the door for a long time, Binzhong Tainan knew that this time he was in big trouble.

These guys shamelessly amended the regulations, and now they are directly investigating and using the law to attack themselves.

The securities investigation team didn't seem to notice the anger in Binzhong Tainan's eyes, and made a gesture of invitation and said, Mr. Binzhong Tainan, please come with us.

Under the urging of the securities investigation team, Binzhong Tainan had no choice but to leave.

This is the territory of the British, even if they are as powerful as Sumitomo, there is nothing they can do in this kind of place.

The only thing he can do is to try to explain and cover up his market manipulation.

although.

The so-called manipulation is just trying to impose a crime without excuse.

on the spot.

The people in the investigation team confiscated all kinds of materials from the Sumitomo Nonferrous Metals Department. A sense of crisis made everyone present feel a little panicked.

The Authority for Investments (SIB) is the UK's financial market watchdog.

As an independent non-governmental organization, it is the unified supervisory authority of the UK financial market, performs statutory duties and is directly responsible to the Ministry of Finance.

What about the Office of the Investigative Oversight Team.

Robertson Towne said seriously: Mr. Hamanaka Yasuo, we have recently received accusations against you and the Sumitomo Group from many market investors.

In August 1993, you used Sumitomo Holdings’ Morunci Copper Mine to issue a false suspension of production announcement. On the 21st of this month, the production suspension announcement of the No. 2 Qingling Copper Mine in Peru was also issued by you. Sumitomo Group and Mitsui Group Pressuring Freeport Holdings’ Grasberg Copper Mine to issue false announcements…”

But according to our investigation, these companies are only undergoing maintenance and have not stopped production.

Sumitomo Nonferrous Metals held 160,000 sales contracts in Lun Copper in March, but according to our investigation

Each charge is a very serious charge in British and American law.

Different from the Asian market, in the financial market, mature markets in Europe and the United States have almost harsh punishment systems for financial-related regulations.

Once the charges are confirmed, even with the status of Binzhong Tainan, he will face unbearable consequences.

The most frightening thing is that every accusation involves Tainan Binzhong personally, and even the Sumitomo Group.

A company that publishes false announcements is enough to be fined to bankruptcy in the European and American markets.

Even a chaebol with hundreds of years like the Sumitomo Group can't stand that kind of horrible fine, and the move is a fine of hundreds of millions of dollars. If it is not enough, the unlimited sentence will be used to offset the fine.

Binzhong Tainan remained silent.

If you want to add a crime, you can find any reason.

This bunch of bastards who talk about fairness in the market are ashamed, and what they say is meaningless.

Mr. Hamanaka Yasuo, according to David Kim Conan, president of the London Metal Exchange, as early as the end of 1991, they had noticed your behavior and warned him several times. I don't know if this is true.

Binzhong Tainan narrowed his eyes.

he replied.

Yes, but this is not illegal. Every transaction of Sumitomo is carried out in accordance with the regulations of the exchange.

But according to our survey, the number of long positions held by Sumitomo far exceeds the size of short positions. Do you want to squeeze short positions with a large number of long positions?

May I ask which stipulation that the company is not allowed to conduct speculative transactions while hedging and hedging positions?

In November 1991, you asked the president of dlt brokerage company Schreier Kaide to illegally provide you with false transaction certificates. Is there such a thing?

.

Binzhong Tainan was speechless.

Because, before that, in order to evade the exchange's position announcement regulations, he did ask Schreierkaide to help him get a fake certificate.

And since the investigation team knew about it, it meant that that damn bastard had said everything.

September 6.

The Wall Street Journal

The Sumitomo Nonferrous Metals Trading Department was investigated by the British Financial Services Investigation Team. Its chief trader, Hamanaka Tainan, once asked the DLT futures brokerage company to issue an illegal transaction certificate for him.

Sumitomo Nonferrous Metals Trading Department holds a very large long position in the London copper market.

The London Financial Services Center believes that Binzhong Tainan violated the relevant legal provisions by using false transaction certificates and other means in the three-year transaction

The news that the Sumitomo Nonferrous Metals Division was hit by the Financial Services Investigation Team was quickly spread.

As the Sumitomo Group faces multiple charges, rumors have circulated that Hamanaka will be forced to resign.

People in the industry are worried that once such a prominent figure who has played a huge supporting role in copper prices withdraws, what should the international copper price do?

affected by the news.

On the same day when the London Financial Exchange opened, Lun Copper gapped again and opened 6% lower in March, approaching the previous consolidation range of 2,700 points.

First International Capital Trading Office.

The passionate battle song reverberates in the huge space, and the three-dimensional surround sound channel stirs people's emotions like beating a drum, making people crazy and exciting.

Hallelujah

Building Our Nation

Hallelujah

Athletes galloping forward

Hallelujah.

William waved his hand as if holding a baton, indulging in unspeakable excitement and pleasure.

2696 sold 66

2694 sold 66

2689 sold 66

As the sales were transmitted to the central server through computer lightning, the feedback data made Lun Copper seem to be shot by countless bullets in March, and the price plummeted crazily.

This is a moment of life and death.

With Sumitomo's long position of more than 10 billion US dollars, such a large scale, there is no such thing as a stop loss.

Or, get rid of the international shorts.

Or, be killed by international bears.

stop loss?

No.

That is suicide.

If Sumitomo insists, there is still a glimmer of hope, but stop loss and reduce positions, there is only one result. Closing hundreds of thousands of long contracts is tantamount to selling, which will drive the price of Lun copper into a hell.

What's worse is that with such a large position size, there are First International Capital, Quantum Fund, Tiger Fund and other bastards who are shorting, so there is no way to get out.

Binzhong Tainan looked cold, but his heart was even colder.

A super-huge Yin line was horizontally on the trend, like a sharp sword falling from the sky, and wiped out all the counterattacks he had managed to organize.

However, Sumitomo's position is so large that it is impossible to cut the position and stop the loss to reduce the loss.

These vile and shameless bastards.

He bitterly scolded the British in his heart, and what kind of international capital was there, but he couldn't hide the despair in his heart.

Like a trapped animal, Binzhong Tainan knew that the only thing he could do now was to fight to the death, but there was no hope.

There is nowhere to escape.

Defending in place will only be gradually swallowed up.

Binzhong Tainan clenched his fists weakly, looked at the 66 flashing on the screen, and finally understood why many Europeans would call Capital One a devil.

His face was livid and ferocious, regretting that he should not have cheated on the First International Capital, but at the same time full of deep hatred.

If you don't leave a way for yourself, you are simply driving yourself to death.

You must hold on to me, at all costs...

On the disk, the price of Lun Copper in March was sold at 66 in a row and some small transactions were made, quickly reaching 2638 points, but under the order of Hamanaka Tainan, the price was quickly raised to 2699 points.

Close a position, open a position.

sell, buy.

But countless small sell orders swarmed in, so that the bulls undertook a lot of selling pressure.

Sudden.

A large number of red numbers appeared on the handicap.

The dense red is like the blood of the ocean.

The irritation made Bin Zhongtai's eyes turn red.

All short contracts.

Under the pressure of a thousand hands of shorts, Luntong's 2600-point integer defense was broken down again.

Then, the back is densely packed with 66 short-selling contracts.

The price of Lun copper began to dive like a waterfall.

The strongest line of defense for bulls has been pierced.

Hold it, hold it up for me...

Binzhong Tainan roared with red eyes.

But it is useless, the transactions just reported by the long positions will be immediately eaten up by the empty orders that cannot be counted.

Caught in an ocean of short sellers, it has been difficult for the bulls to organize an effective counterattack.

wall street.

It was night.

Shen Jiannan looked at the computer screen in the distance with flat eyes.

In the past two days, the trading volume of Lun Copper has surged tenfold. Sumitomo is not the Bank of England, and the funds held in its hands should have reached their limit.

He sympathized with Binzhong Tainan.

This guy may not have seen the general situation clearly until now.

Made in Japan has already made Americans and Europeans feel stuck in their throats. When the Soviet Union fell, it had already determined the decline of Japan's national fortune.

At this time, Tonya delivered the grapes to Shen Jiannan's mouth. This little girl with the title of princess is as obedient as a well-behaved maid at this time.

no way.

Shen Jiannan always punished her.

In front of her, Masako Shinkawa yelled, and she was not allowed to close her eyes, it was like a devil's punishment.

The pink grapes are plump and crystal clear.

Holding the grape in his mouth, he bit it down, the juice splashed and turned into sweetness.

While eating grapes, Shen Jiannan calculated and entered a few numbers on the Lun Tong March interface.

2666, sold 6666

thump!

The mouse clicked down.

In an instant, Luntong Sanyue, which originally wanted to rebound, was bombed to 2666 points at once.

Like a hungry wolf rushing into a flock of sheep, the market that had been calmed down, followed by huge sums of money being sold, took over the screen in an instant.

September 7.

Under the investigation of the regulatory authorities and the joint suppression of international capital, Luntong was bombarded to 2200 points in March.

Due to Binzhong Tainan's crazy increase in positions in Luntong in March, the drop of several hundred points caused some of Sumitomo's positions in Lunco to explode.

Tall buildings rise from the ground.

When the largest foundation supporting Lunco bulls exploded, the price of Lunco collapsed instantly.

Sumitomo's nearly US$4 billion position was liquidated by the exchange.

Such terrifying funds were converted into selling immediately after the forced liquidation.

That week, Lun copper hit the largest decline in history.

In just five trading days, Lun Copper fell 25% in March.

The way of heaven is to make up for what is lacking.

Humanity is not the case, there is not enough damage, and there is more than enough to give. Who can have more than enough to serve the world?

The financial market, a thing created by human beings, is still inseparable from the essence of the human way.

As the large-scale positions of Sumitomo Nonferrous Metals continued to be liquidated by the exchange, the loss of Sumitomo Nonferrous Metals expanded to US$6.2 billion.

So.

The bears win big.

On the same day, Tomi Akimizu, President of Sumitomo Corporation, announced that Hamanaka Yasuo, the chief trader of Sumitomo, participated in copper futures trading without authorization, causing a huge loss of US$4 billion for Sumitomo.

Then news came from Japan that Hamanaka was sentenced to seven years in prison for trying to conceal losses of more than $2.6 billion.

As soon as this news was announced, it immediately caused an uproar all over the world.

Countless people are guessing who Sumitomo's opponent is.

Futures trading is a zero-sum transaction, where someone loses and someone else wins.

Sumitomo has lost such a large amount of funds, so to whose hands did Sumitomo's huge loss of funds flow?

For a while, the global financial community was buzzing.

This is not a general commercial curiosity, but the whereabouts of these funds will determine who will play a greater role in the future copper futures market to some extent.

Soon, all the big traders on Luntong were exposed by those who wanted to.

There are mainly some international funds shorting in international copper futures, including major financial investors in the United States.

The world-famous First International Capital, which defeated the British government in the British pound crisis a year ago, made a profit of 600 million U.S. dollars, the British Nanbo Bank made a profit of 300 million U.S. dollars, the British Jiuding Bank made a profit of 300 million U.S. dollars, Russia's Geman Investment management funds won $100 million, the well-known American hedge fund Quantum Fund won $300 million, Tiger Fund won $100 million, and Canadian billionaire Black won $60 million.

No one knows who spread the news.

However, the financial market holds huge wealth, and under the huge wealth, it is difficult to really hide secrets.

For now, some traders believe the funds have more or less got the situation under control. But how much they stand to gain from the turmoil, and what impact it could have on copper prices, remains little known.

The news intensified.

Conspiracy theories, sniper theory, and global capital's joint sniper attack on Sumitomo are widely circulated at the top of society around the world.

that day.

Regarding the remark, Robert John, the spokesman for First International Capital CEO Shen Jiannan, publicly held a press conference on the matter.

Robert John strongly condemned the irresponsible remarks of some media, and explained that First International Capital did not take any offense in copper futures. The CEO of the company, Mr. Shen Jiannan, was in Ukraine at this time to devote himself to his philanthropy.

The spokesperson of Quantum Fund also stated that Quantum Fund did not participate in the trading of copper futures. The company's position is mainly placed in the securities market, and it is optimistic about the improvement and recovery of the US economy.

Japan.

First Quanye Bank.

Noda Kirjo held his head and felt a headache.

Sumitomo and First Quanye Bank have always had a close cooperative relationship, and the credit line granted to Sumitomo Nonferrous Metals Group is US$10 billion.

This time, Sumitomo suffered a loss of more than 6 billion U.S. dollars in the London copper market, and the loss continued to expand. For a while, Sumitomo Nonferrous Metals Group was unable to repay the loan that was about to mature in the short term.

To make matters worse, First Quanye Bank also invested US$1.2 billion in the Luntong copper market in its foreign investment business, and now it has lost all of it.