Chapter 483: Shorting Again!
Far East Club. VIP Lounge!
Upon hearing that Li Yi had actually ordered the team to prepare to short the Hang Seng Index, Lan Xinyi and the others were stunned once again.
With the market looking so strong right now, shorting the Hang Seng Index is just reckless, isn’t it?
Although the Hang Seng Index’s gains over the past two days hadn’t been as sharp as in the days before, it had already rebounded to 1,725 points.
No one could guarantee that it wouldn’t surge another few dozen points at any moment—after all, the Hang Seng Index had previously reached as high as 1,810 points.
Although they had already developed a certain admiration for Li Yi, Lan Xinyi couldn’t help but ask, “Mr. Li, how much margin capital should we invest?”
If it were just a small-scale short position, that would be fine. After all, Li Yi currently had 420 million Hong Kong dollars in available funds in his account, so setting aside a small portion to short the Hang Seng Index would be acceptable.
However, Li Yi’s answer left Lan Xinyi and the others completely dumbfounded!
“All of it. Put every single cent into it!”
Lan Xinyi wanted to try to dissuade Li Yi, but when she saw his piercing gaze and recalled his investment style, the words on the tip of her tongue ultimately boiled down to a single word: “Yes!”
Just then, the opening bell rang.
Li Yi glanced at Lan Xinyi and the others and said, “Go on. I’ll be here waiting for your good news!”
Upon hearing Li Yi’s order, Lan Xinyi and the others immediately left the VIP room under the watchful eyes of Tie Ying and the others.
Soon, Lan Xinyi personally approached an internal agency of the Far East Club. Using all the funds in her account as margin, she borrowed 120,580 futures contracts at a price of 86,250 Hong Kong dollars per contract.
After obtaining the contracts, Lan Xinyi and the others rushed straight to the trading floor and, following Li Yi’s orders, began selling at a price 3 points below the Hang Seng Index.
The market had just opened, and the Hang Seng Index had risen slightly to 1,726 points, meaning the price per futures contract was HK$86,300.
However, the price Lan Xinyi and her team had listed was only 86,150 HKD, which was 150 HKD lower than the market price per contract.
In other words, simply buying these futures contracts now and reselling them immediately would yield a profit.
Consequently, as soon as these contracts hit the market, they were snapped up in a frenzy.
However, since they held a total of 120,000 contracts, Lan Xinyi and her team listed them for sale in batches. By the time they had sold all the contracts, two hours had passed.
Once all 120,000-plus futures contracts had been sold, Lan Xinyi immediately returned to the VIP lounge with her team members.
“Mr. Li, the task you assigned has been completed!” Lan Xinyi said respectfully.
“Good. Let’s pack up and head home!” Li Yi said casually.
“Go… home?”
Everyone was once again baffled by Li Yi’s move. They had just sold the contracts—weren’t they supposed to wait and see how the market moved?
After all, this was 120,000 contracts—every single point the Hang Seng Index moved meant a gain or loss of 6 million Hong Kong dollars for Li Yi.
Such a staggering margin of fluctuation would make any normal person nervous. Who would be like Li Yi—throwing money in and then just walking away? No one plays the futures market like that!
Li Yi paid no attention to Lan Xinyi and the others, didn’t even pause, and strode out of the VIP lounge with a cold, indifferent air.
Seeing this, Lan Xinyi and the others had no choice but to follow him reluctantly.
In truth, it wasn’t that Li Yi didn’t care; he simply felt there was no point in staying. As expected, today’s futures index was likely to rise slightly.
In other words, even if he stayed, he wouldn’t be getting any good news.
But starting tomorrow, news would break that would send shockwaves through the entire island of Hong Kong. Anxiety and panic would spread across the city, inevitably affecting the stock market.
At that point, investor confidence would suffer another severe blow, and the fragile stability the British Hong Kong government had managed to maintain would collapse once again.
Of course, the main reason Li Yi dared to leave so boldly and without worry was his substantial financial resources.
With such a large margin deposit, as long as the Hang Seng Index’s rise did not exceed 80 points, Li Yi would not have to worry about a forced liquidation.
And 80 points is already the highest value the Hang Seng Index has ever reached—clearly, that is impossible!
………
Wan Chai Pier. The Green Dragon Society!
Just after meeting with a few gang bosses who were united in name only, Huang Lixing was pondering his next business move when a frantic knock sounded at the door.
“Come in!”
A-Biao then rushed in and approached Huang Lixing’s desk, saying, “We’ve got news from Iron Eagle!”
“Oh? What’s the scoop? Is Brother Li Yi up to something big again?” Huang Lixing asked urgently.
“Yes, Mr. Li is shorting the Hang Seng Index again…”
“Shorting?”
“That’s right, and this time he’s invested a whopping 2 billion!”
“What? 2 billion?”
Huang Lixing was also taken aback by Li Yi’s bold move!
After all, his total net worth amounted to just over 300 million Hong Kong dollars, and most of that was tied up in inventory and real estate—his actual liquid capital was extremely limited.
Forget an investment worth 2 billion—he didn’t even have 100 million to spare.
“It really is 2 billion. Right now, the Hang Seng Index hasn’t moved an inch, and you and Mr. Li are already set to lose 6 million!”
“So is the Hang Seng Index up or down right now?”
“It’s up 3 points!”
“So that means I’ve already lost 18 million?”
“Theoretically, yes!”
“So what’s Brother Li Yi’s reaction?” Huang Lixing asked again.
“Mr. Li… he… he’s gone back to the Mid-Levels Villa!”
Upon hearing this, Huang Lixing—who had been slightly tense just moments ago—actually let out a huge sigh of relief. Then, with a calm expression, he said, “I see. Call the people at Yuan’s Restaurant right now and tell them to send a banquet to the Half-Mountain Villa for both lunch and dinner. I’ll settle the bill with them later!”
“Yes!”
As soon as Ah Biao turned and left, Huang Lixing fell deep into thought.
To be honest, he was genuinely startled by Li Yi’s investment method, which was borderline reckless.
After all, this approach was pure gambler’s logic—going all-in on every single bet.
It was either rake in a fortune or lose everything—even someone like him, who’d been in the underworld for years, didn’t have that kind of guts.
He couldn’t fathom how Li Yi managed to stay so calm!
Just as he was deep in thought, the phone on his desk suddenly rang.
Without hesitation, Huang Lixing picked up the receiver and said, “Hello?”
“Mr. Huang, this is Mr. Li’s assistant from the Far East Club. We met at the Jockey Club earlier—I wonder if you remember me, Mr. Huang!”
Huang Lixing was taken aback at first, then hurriedly replied, “Of course I remember. What brings you to call me, Assistant Zhou?”
“Well, Mr. Li would like to meet with you!”
Huang Lixing’s heart skipped a beat, and he immediately asked, “Just me?”
Chairman Li of the Far East Association was a true heavyweight. Huang had previously gone to great lengths to curry favor with him.
But in the end, the chairman had never even given him a second glance, dismissing him as someone of humble origins.
Now, out of the blue, he’s calling to say he wants to meet him—there must be a reason behind this.
“Mr. Li also wants to meet the young man Mr. Huang brought over from the mainland!”
Sure enough, the other party’s target wasn’t him at all—it was Li Yi.
After a moment’s thought, Huang Lixing replied, “Assistant Zhou, I can’t give you a definite answer on this just yet. I need to check with my brother first!”
The person on the other end of the line hadn’t expected Huang Lixing to react this way. He paused for a moment, then said, “All right, I’ll wait for your good news!”
“Alright…”
………..
PS: There’s one more chapter before midnight!