Due to the total cash outlay of 1.5 billion US dollars when acquiring 'FXCM International', and the 1 billion US dollars principal Su Yi withdrew from the 'Huayi Chengyuan No. 1' main hedge fund product.
Now, this hedge fund product, independently operated by 'Huayi Capital' and entirely funded by the company's own capital.
The fund size has shrunk from 7.2 billion US dollars at the end of the British pound exchange rate investment project to 4.7 billion US dollars.
However, even at a size of 4.7 billion US dollars, after resuming closed-end operation, this hedge fund product is still one of the largest fund products in Gangcheng's financial circle, and even the entire Huaguo financial circle, invested in the international financial market.
"Mr. Su, what should our next step be after the 'Huayi Chengyuan No. 1' main hedge fund product resumes closed-end operation?" Qu Zecai, the manager of this hedge fund, asked Su Yi after the internal meeting. "Should we continue investing in the foreign exchange market, or..."
"What do you think?" Su Yi asked back.
Qu Zecai thought for a moment and handed Su Yi the next investment plan and corresponding strategy scheme that he, various trading teams, and members of the company's market research department had developed during this period.
Su Yi opened the plan, sat at his desk, read it carefully, and said, "Your analysis and summary are excellent, that's right... The next relatively clear opportunity is the Federal Reserve's interest rate hike. It's time for us to turn our attention to the US dollar, to the US Dollar Index market where countless capital giants on Wall Street gather."
"Are we going long on the US Dollar Index?" Qu Zecai continued to ask.
Su Yi replied, "At this moment, in the US Dollar Index market, due to the Federal Reserve repeatedly delaying its pace of interest rate hikes, the waters are relatively calm. We can lie in wait, just execute according to the trading strategy you developed, first establish some long positions, and then await the arrival of the November hurricane."
"The arrival of the November hurricane?" Qu Zecai was somewhat stunned, then he understood, "Mr. Su means... this year's US general election."
"Yes," Su Yi said, "This is also an extremely important event for the international financial market, and an opportunity for our institution to seize excess profits from the international financial market."
"Understood." Qu Zecai came to his senses and nodded immediately.
Then, he walked out of Su Yi's office to prepare for the subsequent trading plan.
And with 'FXCM International' as a controlling market maker institution, when they conduct trading, they can arrange most of their hidden positions in 'FXCM International's relevant trading accounts, so that many capitals in the market observing their institution cannot truly understand their specific trading motives and position holdings.
After completing the tasks for the trading department.
And after finalizing the next investment trading plan for the 'Huayi Chengyuan No. 1' main fund product.
On Sunday, July 24th, Su Yi left Gangcheng and returned to Modu in the mainland.
After arriving in Modu, he first went home to see his parents and Chu Wan.
Then, the next day, Monday, July 25th, just as the workday began, he met with Xu Qiao, Old Zhang, Old Wu, Brother Chen, and others, invited them to dinner, and returned the funds they had supported him with earlier, in double the amount.
"Mr. Su, you're too kind." Xu Qiao couldn't hide the smile on her face upon receiving Su Yi's 20 million transfer. "Actually, just returning some interest would have been enough."
"No, that won't do," Su Yi said, "I cannot let down everyone's good intentions."
"Haha... I knew Mr. Su was generous." Old Zhang raised his glass, drank with Su Yi, and said, "I knew you would make a fortune from this 'Brexit referendum' event, and sure enough. I wonder, Mr. Su, does 'Huayi Capital' still need people? The domestic stock market is getting harder and harder to navigate. If you're short-staffed, do you think I, Old Zhang, am qualified to join you?"
"Brother Zhang, about what you just said..." Su Yi smiled and replied, "You are all friends who helped me in my time of need. Brother Zhang, if you want to join our company, our doors are always open for you. Whether it's the stock, foreign exchange, or bond market, you can choose."
"As for me, I still find the forex market more exciting," Old Zhang said. "The domestic stock market is now completely ignored."
"If it's the forex market, domestic operations are inconvenient, so Brother Zhang might have to move to Gangcheng," Su Yi said with a laugh, knowing he was joking. "I just don't know if Brother Zhang would adapt to life in Gangcheng."
When Old Zhang heard about going to Gangcheng, he quickly waved his hand and said, "Forget it then. Leaving Modu always feels a bit uncomfortable. Oh well... I'll just continue dabbling in the small pond that is the A-share market. Although a bear market is tough, a bull market will eventually return."
"Old Zhang makes a good point," Old Wu chimed in. "Everything in the world is subject to cycles."
"Mr. Su, are you planning to focus primarily on the foreign exchange market next?" asked the elder Brother Chen. "Are you still planning to launch new funds in the domestic stock market?"
What he referred to as 'new server' was new fund products.
Su Yi replied, "No, not anymore. The current market is sluggish, and trading volumes are declining. New fund products issued by various institutions on a larger scale are not performing well, and there are fewer active investors. Under these circumstances, there's no need for our company to establish new fund products. It would be good enough to manage the current 'Yuanzheng No. 1' fund product well."
"Alas, that's a shame," Brother Chen said. "I was going to say that if your company were to launch new funds, I'd invest these 20 million."
"I appreciate Brother Chen's kind offer," Su Yi said, "but currently, we don't have any plans in that regard."
"Mr. Su, over the past six months or so, the performance of your 'Yuanzheng No. 1' fund product has been quite good," Xu Qiao said. "How do you manage to make progress in both the forex and stock markets simultaneously?"
In the past quarter, Su Yi was almost entirely in Gangcheng and did not manage domestic investment matters much.
But as everyone knew.
According to the quarterly performance of the 'Huayi Yuanzheng No. 1' mixed stock investment fund disclosed by 'Huayi Capital', it continued to maintain an upward trend against the market, making steady progress.
Su Yi responded with a smile, "This is all thanks to our company's traders and trading teams. It doesn't have much to do with me."
"How could it have nothing to do with you?" Xu Qiao didn't believe him.
"In the first half of this year, the only main sectors that rose against the trend in the entire market were liquor, pharmaceuticals, and new energy lithium batteries," Old Wu said. "Mr. Su, your 'Huayi Yuanzheng No. 1' fund product wouldn't be heavily invested solely in the core stocks of these few sectors, would it?"
"More or less," Su Yi said, not hiding anything about it.
"Holy cow, that's impressive!" Xu Qiao exclaimed. "Half a year ago, you already predicted that these sectors would strengthen against the trend?"
Su Yi replied, "Not quite. It's just based on past bear market experience; almost every bear market sees defensive sectors like consumption and pharmaceuticals performing well and being relatively resistant to declines. As for the 'new energy lithium battery' sector, that was even easier to judge. With the full support of national policies and drastic changes in industry fundamentals, it was clearly something to be optimistic about."
"Awesome," Old Zhang had to give Su Yi a thumbs-up at this point.
"Now there are rumors in the circle that you, Mr. Su, made tens of billions in profit from this round of foreign exchange trading," Xu Qiao paused, then added, "Is it true or false?"
"More or less," Su Yi said, "Of course, the media also exaggerates."
What Su Yi meant by exaggeration was that the media's imagination was insufficient, or they underestimated, but he didn't need to explain this to the others.
After everyone had drunk their fill and enjoyed themselves, they dispersed.
Of course, because of this gathering, and because of everyone's previous help to Su Yi.
Their relationships with each other also became much closer than before, truly becoming friends.
(End of Chapter)