Starting from floating in Hong Kong

Chapter 358 Bank Run
"Boss, the stock price of Eden Biotech has dropped to seventeen dollars, and it will soon fall below the issue price."

Qin Yi raised his wrist and looked at his watch, frowned slightly, and said sternly: "There are still four hours before the market closes, and you still have a lot of work to do."

How can it only fall to seventeen dollars, give me a fierce attack on 17 cents!

After hanging up the phone, Qin Yi showed a relaxed smile.

At this time, in the luxuriously decorated private business club, a group of elites in suits and leather shoes sat on the leather sofa.

They include staff members of the White House staff team, managers of family foundations, senior financial analysts on Wall Street, and senior executives of Enron Corporation.

Looking at the blood-red stock trend on the screen, no matter what their identities are, they are all in a carnival now.

Some jumped on the sofa and laughed wildly, some were hugging each other, holding expensive champagne and spraying each other.

The joys and sorrows of human beings are not the same.

When they were still celebrating the biggest empty money in their lives, Qin Yi only felt that they were noisy.

Qin Yi turned around and walked into the box, and a smiling ghost gave him a warm hug.

"Dear Zhao, you made it! You really did it!"

Qin Yi carefully pushed away the president of Enron, "Mr. Skilling, this is the result of our joint efforts!"

Jeffrey Skilling smiled from ear to ear, nodded and said: "Yes, this is a miracle we created together, let us cheer!"

There was warm applause in the box, and everyone's faces were flushed.

After all, this short sale made more money than any other time.

"It's not time to celebrate yet, this is just the beginning of the carnival!" Qin Yi slapped his hands and drew everyone's attention, "I'm afraid the New York stock market will be the limit if it falls to $1, and even if it reaches $5, it will be banned." Suspension."

But there was no worry on the faces of everyone present. Even if the trading was suspended, they had already made billions of dollars in huge profits.

Everyone who participated made a lot of money, and even had enough to eat.

Some people start to think about how to avoid taxes at this time, after all, they earn too much.

"The war on the US side will end soon, while the war on Hong Kong Island has just begun." Qin Yi raised his glass, "Our goal will provide us with more lucrative profits than the creatures in the Garden of Eden."

Jeffrey Skilling also raised his glass and said loudly: "Cheers to HSBC!"

"For HSBC!"

Everyone raised their glasses together and drank in one gulp.

Qin Yi's target was HSBC from the very beginning, and he spent a lot of thought and tricks in order to lure them into the game.

HSBC, which was in urgent need of funds, got into this pit smoothly.

What was waiting for them was not Qin Yi, a hunter, but a group of vampires.

……

In the morning on Hong Kong Island, in a hidden villa.

Luo Minsheng stayed up almost all night, getting up at seven o'clock in the morning.

While yawning, he made himself a cup of coffee while flipping through the newspapers that had arrived earlier.

Regarding the stock market turmoil that has occurred on the other side of the world in the past few days, the local media on Hong Kong Island have not paid much attention to it before.

However, the media and newspapers in Southeast Asia have already started hype. The previously hyped Eden Bio, with a market value of up to 200 billion U.S. dollars, unexpectedly suddenly thundered in just two or three months and became worthless.

Such a big event, coupled with the fact that newspapers in the surrounding areas have reported it at length for several days, spread the wind and rain all over Hong Kong Island.

Gossip magazines soon followed up, making the news even more outrageous, vaguely mentioning that a certain bank had invested all the depositors' money in the stock of Eden Bio.

Now that the stock has plummeted, all that money has evaporated.

The twists and turns of the matter and the bizarre content soon became a household name.

In just two days, various versions of rumors spread in the streets and alleys.

Some guessed Standard Chartered, some guessed Dayou, and some said it was Citigroup.

As a result, the major banks had to come forward to refute the rumors, announcing in the pages of major newspapers that we did not speculate in the stocks of Eden Biotech.

Amidst the wave of refuting rumors, there was a Qingliu who remained silent.

In order to avoid panic, regular newspapers also used front-page headlines to objectively describe the Eden biological thunderstorm incident.

Now that things have come to this point, there is no need for everyone to guess.

After going around for a long time, it seems that the media discovered that HSBC is a shareholder of Eden Bio.

It seems that they have forgotten what caused the stock price of HSBC to rise due to the enthusiasm for Eden Bio stock.

Luo Minsheng took the freshly baked newspaper and walked quickly to the living room.

At this time, the trader who had lived in the villa for a long time had already woken up and was eating breakfast.

Luo Minsheng waved the newspaper in his hand, "The news is out, it's time for us to play."

"There are still two and a half hours to open, and it's time for you to show your skills." Luo Minsheng put his hands on the table and looked at the traders with a serious expression. "We have been planning and planning for three months, and we are waiting for this moment."

"Now we have 60 billion Hong Kong dollars in our account. The boss has raised one billion US dollars and it will arrive tomorrow. In addition, we have 30 billion US dollars as our backing."

"We have only one goal, to short HSBC!"

All the traders present were excited. With funds of this size, not to mention HSBC, even shorting the entire Hong Kong Island stock market would be confident.

These people are all traders that Luo Minsheng specially recruited. They have cooperated for many years, and they know the basics and trust them.

In order to prevent leaks, they have been almost under house arrest in the villa for the past few months, just to wait for this time.

After eating and drinking, the confident trader sat in front of the computer and waited for the stock market to open.

Soon, as soon as 09:30 arrived, the stock market opened with volatility.

The stock price of HSBC Bank began to show signs of decline, but soon funds entered the market to support the stock price, and it rebounded slightly.

But this is just a flashback, and soon the stock price began to plummet and continue to plunge.

The stock market is in jeopardy, but the major offline branches of HSBC have ushered in a greater impact.

A large number of depositors have already formed a long queue, waving deposit certificates and demanding to withdraw their deposits.

The eyes of the major executives who got the news went dark, and what they feared most happened.

There was a run on the banks.

HSBC's board of directors finally panicked. On the one hand, they needed funds to support the market, and on the other hand, they needed cash to cope with the run. Their capital flow could no longer hold up.

As a last resort, HSBC began to ask for help, borrowed money from other banks immediately, and began to lobby big customers everywhere, asking them not to transfer their deposits.

At the same time, HSBC began to seek help from the Monetary Authority, asking them to help HSBC solve the problem and prevent citizens from running on it.

The chairman of the HKMA directly yelled at you. You don't care about the shit you shit, but let me wipe your ass instead. How can there be such a good thing.

So HSBC's board of directors only got one sentence, the HKMA needs to discuss countermeasures.

Everyone understands the rest, just follow the process, you wait slowly.

There are many officials in the Monetary Authority who owe money to HSBC, and several heavyweights have been cheated by organ loans. How can they give them a good face.

What's more, in this case, wouldn't it be better if the bank failed.

The attitudes of other major banks are even more ambiguous, saying that they are also short of funds, and there is really nothing they can do to help.

It doesn't matter to me whether you die or not, stay away from me, don't make me run out too.

After three days of support, HSBC, whose stock price was cut in half, announced that it would temporarily suspend operations for rectification due to technical reasons.

As for when to open, we will inform you later.

But everyone knows that HSBC pills.

　Resume normal updates from today, and the previous chapters will be supplemented
　　
　
(End of this chapter)