novellhall Chapter 45 4x Leverage
Chapter 45 4x Leverage
The next morning, Lin Dong headed straight to HSBC.
The key account manager from the Central branch was already waiting at the door.
The recipient of the HK$100 million transfer had received a call from Chan Yan-kin beforehand, and all the forms were ready and waiting for his signature.
Lin Dong glanced at the remittance slip and confirmed the account name—Li Jiaxin—and that the receiving bank was the same branch.
He picked up the pen, signed his name, and pushed the receipt back.
From entering to leaving, it took less than fifteen minutes.
I had just stepped out of HSBC's revolving door when my phone rang.
Xiang Yeqiang.
Lin Dong stood on the steps, looked at the six bodyguards surrounding him, and pressed the answer button.
"Lin Sheng," Xiang Yeqiang's voice was lower than usual, "Last night—it fell again. It closed at 115. My unrealized profits have shrunk considerably. I'm thinking..." He paused, not finishing his sentence.
Lin Dong did not respond.
"I'm wondering," Xiang Yeqiang began, "whether this is a normal adjustment, or if there's some news I haven't seen. What are your plans on your end?"
"I'm arranging to replenish my stock."
Xiang Yeqiang fell silent. Only the static of the receiver and his heavy breathing could be heard.
The meaning of this statement couldn't be clearer—Lin Dong hasn't run away; he's still adding to his position. If you believe it, follow along; if you don't, go for it yourself.
"Lin Sheng, I—"
The phone hangs up.
Xiang Yeqiang took the phone away from his ear, stared at the words "Call Ended" on the screen for a moment, and then put it on the table.
Mrs. Xiang sat on the sofa opposite him. Her brow hadn't relaxed since the market closed last night.
[At this point, I hope readers will remember our domain name: 202ᴋᴋs.ᴄᴏᴍ]
"Sell?" she asked, her tone noticeably softer than usual. "If we close the position now, we'll still have a five million dollar profit. If it drops further—we might lose everything."
Before Xiang Yeqiang could answer, his phone rang again.
This time it wasn't Lin Dong. He glanced at the caller ID, his facial muscles tensed slightly, but he answered anyway.
"Qiang!" The voice on the other end of the phone was rough and loud, filled with barely suppressed anger. "What did that Lin guy say? Did he give us an explanation? Damn it, I listened to you and bought in at $126—do you know how much I lost? A million US dollars! A million!"
Xiang Yeqiang held the phone a little further away, waiting for the other person to finish yelling before speaking, his voice deep. "He told me he was buying more stock."
There was silence on the other end of the phone.
The cursing and swearing suddenly fell silent, like a bucket of water being poured into a red-hot iron pot.
After a long while, when the voice rang out again, it was completely different—it wasn't angry, but rather a sound like someone who had lost all their strength.
"Buying more shares." He pondered the words for a moment, then gave a bitter laugh. "Yeah, he has the resources, he can afford to lose, and he can wait. Oh well, I'm getting old. I'll just accept the loss."
The phone hangs up.
Xiang Yeqiang flipped his phone face down on the table, crossed his hands on his knees, and stared at the glass of water on the coffee table.
Mrs. Xiang looked at her husband without saying a word.
She knew what he was thinking. They had worked their way up in Hong Kong for decades, from film sets in Kowloon Walled City to the boss's chair at Win's Entertainment, but this time, they couldn't afford to gamble.
This year's situation is special; once the principal is lost, the cash flow will dry up. Once the cash flow stops, the livelihoods of hundreds of people at Yong Sheng will be jeopardized.
"Let's sell it," Mrs. Xiang broke the silence, her voice soft but her tone calm, as if she had made up her mind. "We can't afford to gamble. Let's secure our profits this time."
Xiang Yeqiang didn't answer immediately. He stared at the glass of water on the coffee table for a long time. Then he nodded. A very difficult point.
"Sell it as soon as the market opens tonight."
…………
When Lin Dong returned to Tengda, Zhang Baizhi was already sitting in the secretary's seat. Seeing him come out of the elevator, she immediately stood up, but before she could speak, Lin Dong had already walked past her and pushed open the office door.
I went into the office, boiled water, made tea, then leaned back in my chair, picked up my teacup, looked out at the view of Victoria Harbour, and took a slow sip.
The door was pushed open.
Li Jiaxin walked in. Today she was wearing a beige silk shirt with a dark brown pencil skirt, her high heels clicking quickly on the carpet, giving her an air of crispness that hadn't quite dissipated from just coming back from outside.
"Ah Dong, the deal with the brokerage firm has been finalized."
She sat down opposite Lin Dong and pushed a document towards him. "Four times leverage. I told them—the additional funds have arrived in the account, and they didn't say anything after confirming the balance. The risk control department was originally going to hold things up a bit, but I had their supervisor handle it personally."
"You took another ten million?" Lin Dong looked at the number on the document.
"Yes." Li Jiaxin puffed out her chest, her alluring curves flashing beneath her silk shirt. "I'll follow you to mend it. If you're not afraid, why should I be?"
Her tone was extremely confident, as if she were talking about something that didn't need any discussion.
Lin Dong leaned back in his chair, looking into her eyes. "If the drop exceeds 25%, with four times leverage—it will be liquidated. At that point, not a single penny will be left in the account."
"Then there won't be any left." Li Jiaxin picked up the teacup in front of him, took a sip, put it down, and stood up.
She walked around the desk, behind him, placed her hands on his shoulders, bent down, and pressed her lips to his earlobe.
"I'm not afraid. I don't believe your judgment is wrong. If you tell me to buy, I'll buy; if you tell me to order replacements, I'll order replacements. I won't consider anything else."
Lin Dong laughed. He reached out and patted the back of her hand that was resting on his shoulder. "Alright. Then you deserve to make money."
He picked up his teacup, refilled it, and placed it in front of Li Jiaxin. "Have some tea."
As for whether she was truly so open-minded—whether she tossed and turned at the stock charts on the screen late at night, or whether she secretly asked someone to inquire about news from Wall Street—Lin Dong didn't want to guess.
When faced with interests, trust is never an arithmetic problem, but a choice.
Choosing to stand by his side is enough.
A knock came at the door.
Chen Xinjian pushed the door open and came in, holding a folder in his hand. He sat down opposite Lin Dong, opened the folder, and pushed it in front of Lin Dong.
"Mr. Lin, the transaction records for the special account for 'The Legend of Shushan' have been prepared. The full amount of US$25 million has been received."
I've spoken with HSBC about using the actual funds in this account as collateral—they're willing to provide a short-term credit line of US$20 million with an annual interest rate of 8%.
Lin Dong picked up his pen and turned to the last page of the document. It was an authorization letter authorizing Chen Xinjian to handle all procedures for the pledged loan with HSBC on behalf of Tengda Film Investment Company.
"When will this money arrive?" Lin Dong asked as he signed the papers.
"Three business days. HSBC knows it's your personal need for working capital, so they'll expedite the approval process." Chen Xinjian took the signed authorization letter, put it back in the folder, and then turned and left decisively.
He didn't ask any further questions; all he needed to do was carry out his boss's orders.
That evening, in Happy Valley. The clock struck 9:30, and the US stock market opened on time.
The living room curtains were drawn, and only the table lamp on the coffee table was on, casting a warm yellow glow on the stock trading machine and telephone.
Li Jiaxin sat on the sofa, wearing a purple cotton loungewear dress, her hair casually tied back.
She took a deep breath and picked up the phone.
"Yes. Amazon. Code AMZN. Market order. Full position."
The person on the other end of the phone confirmed the amount and leverage ratio. She circled her fingers on the phone cord, her knuckles turning slightly white, and her voice was steady: "Yes. All of it."
After hanging up the phone, she held the stock trading machine in her hands. The numbers on the screen jumped once—114.8. Then they jumped again, to 114.5. And then they stayed at 114.5.
Then the phone rang.
She answered the call, listened for a few moments, said "Mm," and hung up.
"It's a deal." She placed the stock trading machine on the coffee table, turned to face Lin Dong, and wore the same confident smile as during the day.
But her knees were trembling slightly—very slightly, and stopped after a couple of tremors.
"Price: 114.5. 49.6 shares. With the previous double-leveraged position, the average cost of the account is now 86.5."
With four times leverage added to the existing position, the average cost was significantly reduced.
However, the risks are also magnified proportionally—once the stock price falls to around 86 yuan, although it has not yet broken through the original cost line, the leverage ratio will cause the brokerage's risk control system to automatically trigger a liquidation warning.
Lin Dong sat at the other end of the sofa, leaning against the cushions.
"Scared?"
"What are you afraid of?" Li Jiaxin pressed her knees down, turned around and leaned closer, wrapping her arms around his waist and pressing her face against his chest. "You said you wouldn't be wrong. You said it—so I believe you."
Lin Dong didn't say anything. He put one arm around her shoulder and picked up the stock ticker with the other to take a look.
The intraday chart on the screen is still trending downwards—114.3, 114.1, 113.8. Selling pressure continued after the US stock market opened, but the pace has slowed significantly compared to yesterday.