"Miss Fang, hello!"
As Su Yi looked around, a young man walked over with a smile and greeted Fang Wanqing,
"You look truly beautiful tonight. Last time at the 'Huanya Financial Summit', I had wanted to invite you to dinner, but then I heard you left with friends, which was quite a pity. I hope Miss Fang can give me a chance this time."
"I apologize, Mr. Gu, last time I indeed had an urgent matter,"
Fang Wanqing responded with a smile.
Seeing Fang Wanqing's lukewarm attitude towards him, seemingly deliberately keeping her distance, and also noticing Su Yi by Fang Wanqing's side, the young man immediately turned his gaze to Su Yi, saying with clear hostility,
"This gentleman is... Miss Fang's colleague? Or a friend?"
Fang Wanqing replied,
"This is my friend."
"Hello."
The young man slightly nodded and extended his hand to Su Yi,
"I am Gu Huaming from 'Tianhe Capital'. May I know your name, my friend?"
"Tianhe Capital?"
Su Yi calmly glanced at the young man, a bit surprised.
He had heard of this institution, 'Tianhe Capital'.
In Hong Kong's financial circle and the entire Southeast Asian investment circle, this institution held a certain reputation.
Its main investment areas were the 'real estate' and 'retail' sectors in the primary market.
The head of the institution was named Gu Chijiang, and the young man in front of him also claimed the surname Gu.
Su Yi secretly guessed that the other party must be related to Gu Chijiang.
"Su Yi of 'Huayi Capital'."
Su Yi simply shook hands with the other party, without offering much more introduction.
"Huayi Capital?"
Gu Huaming frowned slightly, seemingly having never heard of such an institution.
'Huayi Capital', under Su Yi's leadership, had only been established for less than half a year, and its current business was limited to stock investments in the A-share market.
For people in Hong Kong's financial community, which was clearly somewhat disconnected from the mainland financial circle, not having heard of it was quite normal.
After all, the current 'Huayi Capital'.
Although it had gained a bit of a reputation in the mainland financial circle, thanks to the 'Financial Street Fuxing Road' trading seat and its flagship fund product, 'Huayi Expedition No. 1'.
It was definitely not yet comparable in reputation to these established institutions and large asset management companies in the industry.
"Hey, Mr. Su, we meet again."
Just as Gu Huaming was pondering Su Yi's exact identity, Dennis, from a distance, spotted Su Yi and Fang Wanqing.
He hurried over, smiling, and said to Su Yi,
"Our last conversation, Mr. Su, left me wanting more. This time, we must have a good talk tonight."
"Alright,"
Su Yi smiled.
"I'm very interested in the quantitative trading you mentioned last time,"
Dennis said.
"After I went back, I discussed it with my classmates on Wall Street. My classmates said that many institutions on Wall Street are already starting algorithmic trading, using programs to replace traders, but the overall model is still not very mature."
"With the further updates in computer hardware and software technology and the explosion of AI technology in the future, 'quantitative trading' will certainly become the standard for institutional trading models,"
Su Yi said.
"However, currently constrained by various aspects of hardware and software technology, its application is indeed not yet mature."
Currently, although major institutions use some auxiliary trading tools.
The most relied upon and core method is still the continuous trading operations carried out by internal trader teams.
That is to say, the traditional trading model of the past is still the mainstream today.
"Oh, by the way, Mr. Su previously mentioned investment opportunities in the foreign exchange market, believing that Eurozone currencies, with the weakening European economy and the Federal Reserve's possible interest rate hike expectations, will see their respective exchange rates fall further,"
Dennis said.
"I wonder why you believe the European economy will continue to be weak and recovery will be relatively difficult?"
Su Yi smiled and said,
"Changes in economic structure, most importantly the shift in industrial capacity, and the fragmentation of national interests within the entire EU, as well as the long-tail effects of the 2008 financial crisis, are severe obstacles to Europe's economic recovery.
Sovereign currency is the most intuitive expectation reflecting economic fundamentals. Since economic recovery is fraught with difficulties, and with the persistent rise in expectations of a US dollar interest rate hike, related currency exchange rates will certainly not perform well.
In fact, current mainstream currencies like the Euro, Swiss Franc, and British Pound, whose actual exchange rates are all at historical lows seen during the 2008 financial crisis, are a manifestation of global investment institutions and major hedge fund companies' pessimistic expectations for Europe's economic recovery."
"And what about the future exchange rate changes of the US dollar, Huabi, and Hong Kong dollar, Mr. Su, what do you think?"
Dennis continued to ask.
Su Yi thought for a moment and replied,
"From the perspective of global economic changes, as long as the multilateral cooperation model for global economic development continues, the performance of my Huabi's exchange rate will become stronger and stronger, and continuous appreciation should be foreseeable. As for the US dollar... that depends on the Federal Reserve's attitude."
"Why does Mr. Su believe that the future exchange rate of Huabi will continue to rise?"
Dennis curiously continued to ask.
Su Yi said,
"This is an inevitable result of our country's continuous rise in national strength and global influence, and also an inevitable manifestation of the enhanced global competitiveness of our industrial products. Whether everyone admits it or not, no one can deny the fact that our country has become the global manufacturing center and the output and export center for industrial goods, right?"
"I don't think so."
Gary, a blonde man, interjected with a smile before Dennis, who had been contemplating for a while, could respond.
"Currently, China is indeed the global manufacturing center for industrial goods, but this is limited to low-end industrial products. The industries these products belong to are all fully competitive industries, lacking high added value as support, making it difficult to form true brand power and competitive power.
As for Huabi... it is not a mainstream currency in global trade, so... I think discussing Huabi's exchange rate changes is actually meaningless. For global non-mainstream trade currencies, their exchange rate changes primarily depend on the central bank's monetary policy, rather than a reflection of global international competitiveness."
"Gary, aren't you being a bit arbitrary?"
Dennis glanced at the blonde man and said,
"As far as I know, the International Monetary Fund has already included Huabi in the global mainstream currency system, making it one of the global basket of currencies. From my perspective... I am optimistic about the future economic development of China."
Gary, whom Dennis referred to, was a foreign exchange trader at the Hong Kong branch of 'Navigator Capital' Group, a globally renowned asset management institution.
He was a peer of Dennis, and both were born in California, USA, working in Hong Kong.
They met and communicated often, so they were relatively familiar.
However, unlike Dennis's goodwill towards China.
Although Gary was somewhat of a Sinophile, he always held an arrogant view, looking down on China and its people from the bottom of his heart.
He always regarded China as a low-end, backward country.
Believing its future development potential was far inferior to Japan and South Korea.
"Although Huabi has entered the global basket of currencies, looking at major institutions worldwide..."
Gary said,
"Dennis, have you seen any industry institutions doing Huabi exchange rate trading?"
"That, I haven't,"
Dennis had to admit.
Su Yi responded with a smile,
"To judge the development trend of a major country's economy based on the number of forex traders and mere liquidity, in my opinion... is tantamount to 'sitting in a well and looking at the sky'."
"'Sitting in a well and looking at the sky' what does that mean?"
Gary didn't quite understand the phrase and couldn't help but ask.
Dennis lightly coughed and said,
"According to Mr. Su, he means you are like a frog sitting in a well, only seeing a patch of sky above the well opening, and thus believing you have seen the whole world."
"Hmph..."
Gary didn't expect Su Yi to be insulting him and snorted.
Unable to resist, he sneered at Su Yi a couple of times before walking away alone.
And with Gary's departure, Gu Huaming stood awkwardly for a while.
Seeing that Fang Wanqing never gave him a second glance, he also walked to another part of the venue, feeling quite rebuffed.
"Mr. Su, let's continue our previous topic,"
Dennis said with a smile.
He continued to discuss potential investment and speculative opportunities in the foreign exchange market with Su Yi.
Fang Wanqing also constantly greeted some familiar faces passing by.
Even though she was far away in Hong Kong, thanks to her profound family and clan background, and the hidden power behind her, many financial professionals or business celebrities in Hong Kong would more or less pay attention to her and give her some respect.
Even... many prominent business figures in Hong Kong would proactively greet her and inquire about her family's well-being.
As for Su Yi...
Due to 'Huayi Capital''s obscure reputation.
In a place like Hong Kong, he was virtually invisible.
Except for Dennis, this obviously talkative foreigner, almost no one initiated a conversation with him.
Of course, because he came with Fang Wanqing, and their demeanor clearly indicated a close relationship, this also attracted much attention and speculation from many.
It also aroused the jealousy of many young people present.
After all, Fang Wanqing not only came from a good family with a deep background but was also very beautiful.
At this evening party, any family with aspirations to develop business in the mainland in the future, or many young people from such families, harbored more or less some ideas.
"Who is that young man who came with Miss Fang? Why haven't I seen him before?"
As many eyes gradually focused on Su Yi because of Fang Wanqing, many people in the venue began to inquire about Su Yi's background and identity.
"I heard he's from the mainland, but I don't know whose child he is."
"I just asked, he's an employee of some 'Huayi Capital', named Su Yi,"
Gu Chijiang responded.
"Huayi Capital? Never heard of it!"
"'Huayi Capital'? Su Yi."
Amidst the soft discussions, Zhang Yanjun, an investment manager at 'Hongyuan Capital' in Hong Kong, was startled when he heard the name.
"Is he the one who targeted 'Jingcheng Holdings' some time ago?"
With the stock 'Jingcheng Holdings'.
He had been severely harvested by Su Yi, so he had privately and thoroughly investigated the other party's identity, background, and origin.
Later, he learned that the other party had achieved hundreds of times investment returns in mainland China within half a year, amidst the hellish investment environment of continuous stock market crashes in the A-share market, which greatly shocked him.
Since then, he had kept an eye on this person.
"Old Zhang, do you know this young man?"
Someone asked in surprise.
Zhang Yanjun replied,
"He might not be famous here in Hong Kong, but in Magic City on the mainland, he's very well-known. I heard that during the bull-bear market transition of the A-share market last year, he completed hundreds of times his initial capital accumulation through several rounds of stock market crashes, and in a short period, founded an investment institution with tens of billions in asset management."
"Boasting, right?"
The other party replied,
"In the second half of last year, with that A-share market environment, could there be such a fierce investment record?"
"If you ask me, the A-share market's ecological environment is problematic."
"The A-share market is just a small pond for children to play in, a relatively closed investment market."
"Being able to achieve results in the A-share market is no big deal, right?"
A Hong Kong institution staff member said,
"If one truly has the capability, making achievements in the international financial market, now that is truly impressive."
"Your Chinese financial market is inherently a closed trading market for children to play in,"
Gary, the foreign exchange trader from 'Navigator Capital' Hong Kong branch, who had previously been rebuffed by Su Yi, arrogantly stated amidst the discussions.
"Whether it's the system, the trading model, or the trading ecosystem, it's at least 50 years behind the international financial market. It's just too many rules blocking foreign investment funds, otherwise, your domestic institutions wouldn't have a single one that could compete."
"There is indeed a big gap,"
a member of a domestic institution admitted helplessly.
"You should open up your market,"
A British man named Gerald from 'Huifeng Asset Management' said in broken Chinese,
"Let us teach you what 'finance' is."
"Haha... they wouldn't dare,"
Gary laughed heartily,
"After all, in financial history, Chinese capital has never had a single victory when attacking overseas."
"That was in the past, but it won't be anymore,"
Su Yi suddenly interjected coldly amidst the arrogant mockery of many foreign institutions.
"In my opinion, there will be no difference in the future,"
Gary said,
"What you are playing with now was already outdated in America a hundred years ago."
"Is that so?"
Su Yi smiled,
"In the financial market, arrogance and disdain come at a cost."
"Oh, a cost?"
Gary scoffed,
"Do you have the ability?"
Saying that, Gary looked around at the many state-owned institution personnel present, and continued,
"I hear Mr. Su has a good investment record domestically. I wonder if you dare to go offshore and try your hand in the international financial market?"
"Why wouldn't I dare?"
Su Yi said with a smile,
"I'm just afraid Mr. Gary isn't qualified to be my opponent."
"You..."
Gary was furious.
"Mr. Su's words... in your Chinese terms, are a bit arrogant, aren't they?"
Seeing Gary put in a difficult position, a foreign middle-aged man with a full beard, who looked to be in his thirties, took over the conversation and replied,
"I wonder if I am qualified to be Mr. Su's opponent?"
"You are...?"
Su Yi's gaze turned to the middle-aged man.
The middle-aged man replied,
"Godfrey, 'Huanyu' hedge fund manager at 'Huifeng Global Asset Management' Business Center."
"Alright!"
Su Yi smiled and nodded,
"I hope that when I truly appear in the global financial market, Mr. Godfrey can fulfill his promise today."
After speaking, Su Yi calmly glanced at the numerous domestic and Hong Kong financial investment institutions, and even business people present, who were fawning over these executives from well-known foreign institutions and many foreign investment firm managers, even joining in criticizing the domestic financial system and environment, and remaining indifferent to the mockery from foreign institution personnel, completely lacking backbone.
Suddenly, he felt this evening party was meaningless.
So, he casually told the host that he wasn't feeling well and left.
When he walked out of the hotel main entrance.
Fang Wanqing, holding the hem of her evening gown and wearing high heels, also rushed out after him.
(End of chapter)