Just a week before China AVIC revealed its losses, Chen Qiaoshan entered the market early.

With UBS's channels and Chen Qiaoshan's financial resources, if necessary, they will definitely raise more chips, but Elliot is still quite cautious.

According to the earlier plan, Elliot borrowed a total of 18 million shares from eight market makers in Singapore and Hong Kong, accounting for about 0.9% of the shares outstanding in AVIC Oil.

According to Singapore's market supervision regulations, short position declarations are required only if more than 1% are needed. Elliot controls the transaction scale, thus avoiding the forced disclosure of the transaction process and relatively reducing the risk of short selling.

If it is exposed too early, the major shareholder will inevitably fight back, especially for high-performance stocks like AVIC Oil, the possibility of short squeeze will be infinitely magnified.

As the fourth largest state-owned oil company besides CNPC, Sinopec and CNOOC, CNPC is still very influential now.

Elliot doesn't think shorting is a good idea, and he doesn't know the basis for Chen Qiaoshan to insist on shorting, especially in the absence of news support, the risks will undoubtedly magnify, but he did not object.

Oil prices have soared recently, and Chen Qiaoshan's move may not be unsuccessful.

Moreover, he has successfully predicted the trend of crude oil twice in succession. Elliot has to admit that the big customer in his hands is still very tricky in trading crude oil derivatives.

…………

Large-scale orders will inevitably bring about market fluctuations. Even through eight middlemen, the fluctuations in AVIC Oil's stock price are still not spared.

Even so, Elliot seized the opportunity and controlled the selling price around SGD.

After the losses of China AVIC Oil Corporation were exposed, all the worries in his heart finally dissipated.

On Monday alone, Chen Qiaoshan had already achieved a large amount of profits on the books. Before things became clear, anyone with a discerning eye could see clearly that the stock price still has room for further decline, and profits may not stop there.

Elliot could only sigh at Chen Qiaoshan's good luck. This was the third time he had accurately grasped the node of the market. Apart from being attributed to luck, Elliot didn't know how to describe it.

The market responded to China AVIC's self-destruction of losses.

AVIC Oil is not a futures derivative speculator. According to the normal industry, hedging is a risk hedging. Even if the futures market suffers losses, the spot income is enough to make up for the losses.

According to market speculation, AVIC Oil's past performance is outstanding, and even if it suffers losses, it will not hurt the bones. After all, there is a huge domestic market to support it. The market generally believes that AVIC Oil's stock price has fallen by limited amount, but the development of things is completely beyond everyone's expectations.

On November 22, news broke out in the market that Mitsui Energy suddenly issued a letter of breach of contract to AVIC Oil and urged the deposit.

As the main rival of China AVIC in crude oil derivatives trade, the sudden attack of the Japanese made the situation a sudden change.

The market responded immediately, and the stock price of China AVIC Oil fell, with a drop of more than 17%.

Although the Singapore stock market has no limit on the rise and fall, it has fallen sharply for two consecutive days. This is the first time for a heavyweight stock like China AVIC.

On the 23rd, Societe Generale also issued a breach of contract letter to recover crude oil futures margin. Following this, Barclays Capital and London Standard Bank successively took action to force positions.

A plunge is no longer avoidable, and the market is suddenly in chaos.

In the first three quarters of this year, AVIC Oil's stock price rose by more than 80%, not falling into the name of Asia's most growing company, but it rose faster. It took less than five trading days before and after, and the increase in one year was smoothed out.

The market response caught everyone off guard. Even if there was no accurate news, the crisis of AVIC has been revealed.

The market always responds before expectations, and responds before the market is the most successful speculation.

There is no doubt that Chen Qiaoshan once again grasped the node.

Elliot was also surprised and confused. If the first two times were caused by luck, but this time shorting was different from the former, and it could not be done by luck alone.

After repeated thinking, he felt that there were only two possibilities: either Chen Qiaoshan had unknown news channels or he had extraordinary vision, and Elliot was more inclined to believe the latter.

Regarding the outbreak of the huge loss crisis in AVIC Oil, Chen Qiaoshan is more concerned about the development of the situation as an onlooker.

As of Friday, the share price of China AVIC has been cut in half, and even fell below 1 SGD for a while.

Although speculative funds entered the market and the stock price also fell slightly, it was still difficult to hide the defeat. Large amounts of speculative funds, along with the hot money that followed the trend, were buried.

Chen Qiaoshan felt that this situation seemed familiar, which was almost similar to the routine of rocker funds in A-shares.

Unfortunately, most routines have become traps.

During the whole process, unlike Elliot's concerns, Chen Qiaoshan was very calm and looked like an outsider no matter how the process was, but no matter what the process was, the profit was real.

As of Friday's closing, Chen Qiaoshan's book profit has reached nearly 18 million Singapore dollars, equivalent to more than 90 million yuan. And this is not the end, and it seems that it is too early to say how much he can get in the end.

Chen Qiaoshan is not worried about this. He remembers it very clearly that he will have to persist for four trading days next week before China AVIC will announce the fact that it has lost 500 million US dollars under pressure and then suspend trading urgently.

It seems that it is no problem at the moment.

…………

Jia Yinan was still very efficient. In just one week, he stopped communicating with Peking University about donations.

As the stocks of AVIC have initially achieved results, Chen Qiaoshan's mood is naturally not much worse. He doesn't take one million US dollars seriously, and he is particularly happy to pay for it.

In Jia Yinan's words, Chen Qiaoshan is really a bit of a nouveau riche now, and he is not guilty at all when spending money. Of course, the more important reason may be that he can't find a place to spend money for the time being.

After all, there is a difference between men and women, at least Yan Xiaoqin does not have this worry.

Since she learned that Chen Qiaoshan would attend the donation ceremony and officially accepted an exclusive interview with the media, Yan Xiaoqin has an additional job and she has begun to take charge of Qiaoshan's personal image.

"Come on, try these two." Yan Xiaoqin held two suit jackets and asked Chen Qiaoshan to try it on.

The donation ceremony will be arranged tomorrow, and not only relevant leaders from the school and college, but also Guanghua and students from the scholastic school will participate.

This will be the first time Chen Qiaoshan has shown himself as an investor, and he is doing charity, especially Peking University. Yan Xiaoqin attaches great importance to it and cannot tolerate any carelessness.

She was not worried that Chen Qiaoshan would be frightened. She could make jokes at the opening ceremony. It was naturally no problem to deal with this scene, but Yan Xiaoqin really did not agree with Chen Qiaoshan's aesthetic.

It’s not that Chen Qiaoshan likes to be independent and lives for two lifetimes, but he really can’t appreciate the current trend.

Just look at the cover of a fashion magazine. Shuangdan and double-bing all have Shamatt on their heads. This is the current fashion trend. Ten years later, it is a completely eye-catching existence. If he can appreciate it, it is called a ghost.

Chen Qiaoshan glanced at him casually and said, "Isn't this the same color? Just pick one of it."

"One is navy blue and the other is navy blue, why is it the same?" Yan Xiaoqin was dissatisfied with Chen Qiaoshan's perfunctory, and he pulled him to try both sets of combinations.

"The navy blue looks a bit old-fashioned. It's suitable for an old cadre like my dad. You should wear that one, it just fits well with a shirt." Yan Xiaoqin expressed her opinion on her own, but her words made Chen Qiaoshan laugh.

"If I remember correctly, your father is only in his forties. He is at the age of a strong and prosperous society. Why has he become an old cadre?"

Yan Xiaoqin smiled and said, "According to my mother's words, my father's unit is a retirement department. I heard that the top leader is going through retirement procedures. I'm about to take over my father. What's this an old cadre?"

Chen Qiaoshan knew that Yan Wengang worked in the city's political research office, and he was also a deputy director, and had nothing to do with the old cadres.

The rank of the job has increased, but it is hard to say what step you can take when you stay in a department with a job but not a power. After all, you are a reserve cadre, and there are not many people who have been reserved until retirement.

It is indeed a bit of an exaggeration to say that Yan Wengang is an old cadre. If you can climb to the deputy, you must have the ability, but what you lack is just opportunities.

Thinking about Yan Wengang's affairs, Chen Qiaoshan couldn't help but have some thoughts in his mind.

These days, attracting investment is the top priority for officials in various places.

5173 is about to move to Dengzhou, and before that, financing must be finalized, after all, Li Xiaojun is still waiting.

According to Chen Qiaoshan's plan, the first round of financing of 5173 will be controlled at 10 million US dollars, which is just a repeat of the trajectory of the previous life and is almost no difficulty.

Even if IDG Capital cannot reach an agreement, Chen Qiaoshan doesn't mind investing separately.

For any city today, the entry of an Internet company with a capital of over 100 million yuan is a political achievement, and no one can refuse it.

Chen Qiaoshan had an idea in his mind. Instead of being a favor with outsiders, it would be better to let Yan Wengang get in touch with him.

After all, I am not an outsider, so I should be given the right amount by pushing Yan Wengang.
Chapter completed!