We are all reborn, who wants to be the richest man?

Capital is greedy, but sometimes human nature is even greedier.

At the end of January, Yunhua Investment issued an announcement that caused an uproar in Hong Kong Island and spread to Southeast Asia.

In five months, Yunhua Investment made a profit of HK$13.6 billion by shorting crude oil in the oil futures market. This is a profit that even companies with a market value of tens of billions of Hong Kong dollars may not be able to make in a year. It also brought oil futures into the eyes of people in Hong Kong and Southeast Asia.

The futures trading orders for crude oil at the Hong Kong Futures Exchange exploded within a week, and this is what Luo Nianzhong hoped to see.

In the past two decades, the United States and the Middle East have been competing for the pricing power of crude oil. However, the WTI crude oil futures launched in 1983 truly symbolized the connection between crude oil and finance and its gradual financialization.

Later, the WTI crude oil index, the yet-to-be-established Brent crude oil index, and the Dubai crude oil index became the three major benchmark prices in the crude oil market, corresponding to the crude oil price indices in North America, Europe, and Asia respectively.

Luo Nianzhong’s idea is to first hype up the Hong Kong Futures Exchange into a trading center for the Asian crude oil futures market, and then join forces with the Middle East to participate in oil pricing.

In the future, oil futures will be the most active and largest-traded futures in the futures market. Since Luo Nianzhong cannot participate in Europe and the United States, Asia is his only chance.

Another point is that Luo Nianzhong hopes that Hong Kong's futures market can develop like the stock market, which requires more people to participate in driving the trading volume of futures contracts.

The Hong Kong Island Futures Exchange was established in 1977. It was originally called the Hong Kong Island Commodity Exchange and operated the trading of raw sugar and cotton. In 1979, it added soybean futures trading.

The current name was changed when the Hong Kong Stock Exchange was established, and it was changed to the Hong Kong Island Futures Exchange.

However, whether before or after the name change, the trading volume of the Hong Kong Island Futures Exchange can only be described as dismal.

What really brought the Hong Kong Island Futures Exchange into the public eye was the Hang Seng Index futures contract that appeared in the past two years. The trading volume of the Hang Seng Index futures contract accounts for almost 90% of the contracts of the Hong Kong Island Futures Exchange.

Crude oil futures were added to the Hong Kong Futures Exchange last year and were strongly promoted by Luo Nianzhong.

The reason is that, like the Hong Kong Stock Exchange, the Hong Kong Futures Exchange is also a joint-stock company.

However, unlike the Hong Kong Stock Exchange, although the Luo family has a lot of shares, it is definitely not as dominant as the Hong Kong Island Futures Exchange.

The Far East Group has always regarded Hong Kong Island as its main battlefield for listing. Even if it is a dual listing, Hong Kong stocks account for the majority. Is it possible if the shareholding families of the Hong Kong Stock Exchange and the Hong Kong government do not show some sincerity?

Now Luo Nianzhong is going to use this crude oil price war to stir up the enthusiasm of Hong Kong and Southeast Asia for crude oil futures. The same will apply to the addition of other futures in the future. Only when these people benefit will they become more greedy.

The current price of crude oil is $13.8 a barrel, which is a drop of more than 30% compared to $60 a barrel four months ago.

But Luo Nianzhong knew that this was not the lowest price, the lowest price was $10 a barrel.

Don’t underestimate this $3.8 price drop, the futures market can be leveraged.

Even if you increase leverage crazily and don't sell at the low price of $10 a barrel, the rising crude oil prices will not increase the price by much, and will hit bottom again a year later.

In other words, as long as the margin is sufficient, there will be a second chance to escape even if you miss it the first time.

Coupled with the market forecast released by Far Eastern Bank, if one is deeply involved in it, it can only mean that this person is too greedy and hopeless.

"Kevin, tell me what we have gained this time."

The current crude oil price is less than $14 a barrel, and the bottom line for the escape price set by Luo Nianzhong is $12 a barrel.

In order not to attract other people's attention and cause too much fluctuation, Far Eastern Bank has begun planning to close its positions in futures contracts.

The principle of short selling futures is the same as that of short selling stocks, which is to first borrow the futures contract to sell at a high price, and then buy the futures contract at a low price to close the position after the price drops.

Originally, analysts at the Far Eastern Bank thought that $11 was a good price to close positions, because according to the current situation, it would be normal for the price of crude oil to fall below $10 unless the Big Camel Country took some measures.

But analysts believe that Big Camel will not let the price fall below $10, so they think $11 is a good time.

All I can say is that professional matters should be left to professionals. It was indeed as they analyzed, but for insurance purposes Luo Nianzhong still raised the closing price by one dollar and has already started closing the position.

Is it better to lock in profits? Li Bancheng’s theory of not making the last penny is very good.

"It's hard to say the exact profit, but the profit from Far Eastern Bank alone will not be less than US$6 million."

Kevin, the vice president of Far East Bank who was in charge of the short selling, said such words that everyone in the conference room screamed in excitement.

Luo Nianzhong chose to add fuel to the fire and stimulate them. He took out a bank card from his pocket and placed it on the table.

"There is a deposit of 50 million US dollars here, and I have someone rent a small island in the South Pacific of Thailand. You will have an unforgettable and wonderful vacation there."

According to a later survey by the United States, financial traders are the group that plays with pistols the most in the world.

Because the large amounts of money that pass through their hands every day are extremely stimulating to their spirits, they need endless indulgence to relieve the pressure in their hearts, otherwise they really can't stand it.

Isn’t it said that the financial circle is the most fun? This is why.

"Luo, compared to us, I think you are the biggest contributor to this short selling."

The news was given by Luo Nianzhong. As for the source of the news, Kevin would not ask. It is normal for Luo Nianzhong to have behind-the-scenes information given his huge influence.

Illegal? Don't be ridiculous, that's just an excuse to deal with some people or to make a scapegoat.

In fact, Kevin was wrong. Luo Nianzhong did not ask the intelligence agencies to pay attention to this matter. It was because the impact of this matter was so great that it was difficult for him not to know about it.

This was the first crude oil price war, and the three major events affected by this price war each shocked the world.

The first is the disintegration of the polar bear. Oil is the key to the polar bear's finances and accounts for almost all of its export commodities.

Crude oil prices dropped to $10 a barrel and remained low for the next five years, causing a major financial crisis for the polar bears.

The second thing is that the reason why the Big Camel Country is willing to cooperate with the White House of the United States to suppress oil prices this time is to weaken the finances of Iran and Iraq.

The economic source of these two countries that are still fighting each other is oil. The drop in oil prices will have a serious impact on the economies of both countries. This is what the Big Camel Country wants to achieve.

The Great Camel Kingdom was successful, but they did not expect that the financially troubled Shadamu would directly send troops to the Oil Kingdom, followed by the outbreak of the Gulf War.

The third incident happened very recently, and it can be said that the United States suffered a backlash.

The drop in oil prices caused the United States' oil fields to fall into a serious recession, many financial institutions collapsed, and a large amount of bad debts directly triggered the economic crisis in 87 and the economic downturn in the United States in the following years.

The oil price war was initiated by the United States with the aim of reverse exports and bringing down the polar bear.

But no one knew that the plan was promoted by the Jews. The polar bear got some praise, but the oil-producing areas of the United States also suffered a heavy blow.

Whose territory is the oil-producing region of the United States? It is the territory of the Anglo-Saxons and the Rockefellers.

This was not only a war between the United States and the polar bears, but also a war within the United States. Jewish forces began to exert their strength during this period, gradually encroaching on the Anglo-Saxon territory, and finally becoming the host.

It is said that in the United States you can curse big bosses and you can curse anyone but you cannot curse Jews. However, if you look through newspapers before the 80s, you will find that although this phenomenon is not common, it is not unique.

The Jews are still at a disadvantage now, and this is also an opportunity for Luo Nianzhong to take advantage of the situation.