King of Capital

Chapter 98 Middle East Charity Organizations
The outdoor terrace of the Ritz-Carlton's 58th-floor rooftop restaurant is located meters above the ground, with an unobstructed and wide view of the entire city. Along with it is the breeze that blows across the city, making it particularly lively and frivolous.

For the third time, Song Anli gathered the strands of hair that were blown away by the wind, straightened her back, crossed her legs, and held down the hem of her skirt that wanted to dance with the wind.

Looking at Xie Jingxing who was lost in thought, he said tactfully, "Mr. Xie, did you take programming as an elective in college?"

"Ah."

"It seems to be very common for finance majors to take programming courses now, especially those working in secondary market trading."

"Ah."

"..."

Song Anli was speechless. She had clearly made an appointment to discuss the needs of quantitative trading models with the only securities investment manager of Grapefruit Capital in the evening, but this young man seemed determined to break his promise.

Forget it. Today’s ups and downs have made her very tired. Let’s just give up together.

She simply said aimlessly to satisfy her curiosity, "You were able to intern in Goldman Sachs' commodity futures trading group in your senior year. You must be very talented in the secondary market, right?"

"My family is a big client of Goldman Sachs." Xie Jingxing said frankly.

Song Anli was choked to death by this sentence. How could an investment bank possibly let VIPs into the secondary market trading team, unless all the positions of that trading team were funded by your family.

Moreover, the commodity futures team where he interned had hunted for more than 20 billion yuan from a state-owned giant in the international market together with other peers. It was an absolutely top-notch trading team and obviously would not serve a single client.

Xie Jingxing observed her lively expression, smiled and added: "My VIP status and the teacher's recommendation letter gave me the opportunity to have an exceptional interview."

"Then why... you don't seem to be very interested in the secondary market?" Song Anli was puzzled.

“Lack of energy.”

Xie Jing Xing paused and explained, "I don't know about other schools, but at Columbia University, quantitative trading became popular after my class just happened to catch up with the financial crisis, and it became popular for majors related to economics and finance to take programming electives."

"So I didn't know at first that I had a talent for the secondary market. I just learned it when I was free and saw everyone else learning it. Maybe it was because of my family environment, but later I gradually became interested in futures, and I had no interest in securities from the beginning to the end."

Song Anli remembered that this was the first time he talked about anything other than work after filming the variety show, and she was very curious and asked, "Why did Xiyou do securities but not futures?"

"There's no good market." Xie Jingxing replied vaguely.

It was still the macro analysis made by the big boss of the research institute on the first day of my internship at Juntai. The flooding of market liquidity left private capital with nowhere to go, and all kinds of useless shit such as stamps, tea, and spot goods emerged one after another.

The whole market is in a turmoil and evil winds are blowing everywhere. As the one percent at the top of the pyramid of the financial industry, he cannot guarantee that he can distinguish between the real and fake platforms in the market. It is easy to imagine what ordinary amateur investors will encounter.

The platform that was cheated and could not catch it could only shout and kill the futures industry like a madman, thinking that futures are the stamps, tea, and silver they bought...

Xiyou can make money no matter what he does, so there is no need to get involved in a field that is not widely recognized by the public. His personal preferences are sometimes important, and sometimes not so important.

A breeze blew by, and Song Anli gathered her hair with one hand to reveal her smooth forehead. She pouted and said angrily, "My mother bought a lot of spot gold at the beginning of the year. The price has been falling during this period, and gold futures are also falling."

"It will fall further in the future, so hold it for the long term." Xie Jingxing thought to himself that all mothers in the world are the same.

His mother, who lives far away in New Zealand, also bought a lot of gold at the beginning of the year, saying that she wanted to replace the floor tiles for the Sanqing Da Laoye Taoist Temple, and save some private money for her daughter-in-law in advance. Song Anli suddenly thought of something and her eyes lit up: "Did you happen to be interning at Goldman Sachs when gold futures soared and plummeted at the beginning of the year?"

"I think you should receive compliance training." Xie Jingxing commented.

Goldman Sachs' compliance department is very powerful, especially when it comes to core departments like the secondary market futures group. When he first joined the company, he joined a group chat with colleagues from other departments. After work that day, he was arrested by the compliance department and taken to a small conference room for classes.

In the company's elevator that goes directly to the secondary market trading floor, there are often more than a dozen people standing together in silence like a circle of graves, and colleagues who are not from the same group sitting at the opposite workstations do not say hello.

"I heard that Chinese women bought 300 tons of spot gold in the primary market. Does this have any impact on you in the secondary market?"

As the two were talking, a slicked-back, powdered-faced man in his thirties suddenly appeared and started a conversation: "Sorry, I didn't mean to eavesdrop on your conversation, but I seem to have met two professionals."

"It would be a shame if I didn't do something?"

Song Anli let down her hair and answered helplessly, "It's a rare opportunity to have a private chat and cultivate feelings, so I don't want to help others today."

The greasy-haired man shrugged his shoulders and smiled in a friendly manner: "Well, it seems so."

"Futures volatility is affected by spot prices, but not absolutely. The story of Chinese aunts sweeping through gold shops and beating up Wall Street is a beautiful story. Before the Chinese aunts entered the market, Goldman Sachs had already made more than 15% profit from the futures market and took profits."

Xie Jingxing was not in the mood to play the role of a life mentor, and said bluntly: "If you are interested in this, you can go to the Goldman Sachs official website to check it out. Their risk warning for the expected decline in gold futures this year may still be posted there."

"Okay, I think our understandings are different. Let me introduce myself. My name is Cheng Sen. I graduated from Northwestern University with a degree in mechanical engineering. I currently work for a non-profit organization abroad." The greasy-haired man handed over his business card with both hands with a sincere expression.

Song Anli blinked and took it for a careful inspection out of politeness, then nodded to Xie Jingxing.

The greasy-haired man smiled at the Li Yan trio who appeared out of nowhere and said, "Can I sit down and talk?"

"No problem." Xie Jingxing made a please gesture.

The greasy-haired man pulled a chair and sat down half a meter away. "Our charity organization is in Sudan, the Middle East, which is a very poor and backward region. I traveled around the world during my gap year in graduate school. When I first went there, I saw the children all with big bellies. I thought that even though they had no clothes to wear, at least they had enough to eat."

"The local guide told me the opposite. It was because of hunger. Medically, it's called malnutrition edema."

Xie Jingxing was noncommittal: "So can I do something about this?"

"Yes, it's what you think."

The greasy-haired man became more sincere: "Our charity organization has a fund. We want to help poor local children fill their stomachs as much as possible. It would be even better if they can go to school. In addition, we also hope to allow the local people at the bottom of society to live with some dignity, at least to have an independent urn after they die."

"Friends who are able to sit in such a high-end restaurant and have afternoon tea... especially hearing you talk about financial investment... I'm sorry, our charity organization has not been doing well recently. In fact, it has always been difficult. I am always so presumptuous."

He hesitated and didn't finish his words, but his meaning was basically clear. Song Anli was speechless for a moment.

"Child, human rights are noble and worthy of respect rather than contempt." Xie Jingxing said seriously.

(End of this chapter)