Rebirth of the Financial Crisis Sweeping the World

  Chapter 154 154 My stock trading skills are mediocre, not a stock god!

  At 7 o'clock in the evening, in the private club of the financial circle.

  Wang Guanxi, Feng Shaokun, Li Guangyu, Wu Zhanhai, Wu Zhankun, Zhang Dexi, Guo Linhai, Chen Tianqing, Zhou Tianjing, Guan Wenwei, Wu Hongsheng and others sat in a circle.

  Except for Wang Guanxi, everyone is not particularly happy, and their expressions are a little haggard.

  Because everyone present holds a lot of financial assets, and the recent plunge in the financial market has made everyone's asset loss not small.

With    present, Wang Guanxi alone makes money. Before, everyone's worth was much higher than Wang Guanxi, but now Wang Guanxi's worth is also up.

  He made a lot of money shorting China Resources Beer this time.

  Feng Shaokun, as Wang Guanxi’s stock broker, smiled and said: "Let’s say, Guanxi shorts that stock and that stock will fall sharply. If he keeps shorting that stock, that stock will continue to fall."

  Before, Wang Guanxi shorted BYD Electronics three times, and this time shorted China Resources Beer three times.

  Look at it, now BYD Electronics’ stock price has fallen to 2.00 yuan per share, and China Resources Beer’s stock price has dropped from 30.00 to 10.00.

   "Guanxi, you are amazing!"

   "Oh, brother, I'm taking you!"

  "Teach some tips!"

   "Tell me how you usually do it?"

  Everyone admired Wang Guanxi more and more.

  Wang Guanxi is really amazing!

   is a stock god.

  Wang Guanxi smiled faintly: "My stock trading skills are mediocre, not a stock god"

  When everyone heard it, they knelt on the ground!

  This is not a stock god, what is this?

   "Fuck, your skills are mediocre, I'm rubbish"

   "Guanxi, you are a stock god!"

   "My grass! Stock god, don't be humble!"

  Everyone is full of emotion in their hearts!

  This Wang Guanxi is amazing!

  Especially Zhang Dexi’s Catalan auto insurance was sold to Wang Guanxi.

   Wu Zhankun couldn’t help asking: "Guanxi, are you planning to enter the insurance industry?"

   "Well, yes, I plan to buy some insurance companies." Wang Guanxi smiled and said, "Do you have any insurance companies for sale?"

  His own funds will be used to short the Hang Seng Index, while the insurance company funds will be used to short Lehman Brothers, American International Group (AIG), Citibank, and Bank of America stocks.

  Invest hundreds of millions of funds, which is simply too little and requires more funds. Insurance companies have a lot of cash. Unfortunately, insurance companies have investment restrictions on funds, but they can be used to short stocks.

  Feng Shaokun shook his head: "I don't have any insurance company to sell."

  Guo Linhai, Guan Wenwei, Wu Hongsheng, Li Guangyu, Zhou Tianjing also shook their heads. Insurance companies are very stable and profitable companies. Under normal circumstances, they will not incur major losses.

  Wang Guanxi said regretfully: “That’s really a shame. I’m short of an insurance company now. I still have 300 million yuan in funds. I don’t know what it’s used for.”

  The stocks that should fall now have almost fallen.

  There are no stocks to go short before the global financial tsunami.

  And he will use 200 million Hong Kong dollars, and then go short the Hang Seng Index when Wing Hang Bank gives 100 times leverage.

  So there is 100 million Hong Kong dollars left, and he wants to buy a small insurance company.

   Strive to mobilize more funds to short Lehman Brothers before the financial tsunami.

   Then short AIG Group, Bank of America, and Citibank.

  There are so many opportunities to make money, but the money is not enough.

  If he has a trillion, it would be fun.

  He will short the stocks of all listed companies in the world.

  At this time, Wu Zhankun smiled and said: "My current Wing Lung Insurance has a market value of 2 billion Hong Kong dollars. If you want, you must prepare at least 2 billion Hong Kong dollars."

Wang Guanxi’s worth is only 300 million, and he owns 40% of Wing Lung Insurance, which is worth 800 million Hong Kong dollars, not counting other industries. Watching Wang Guanxi’s expansion like this, he can’t help but pretend to be in front of this kid. Forcing me, don't think that you have made a lot of money, you are worth 300 million, but you still can't compare with me.

  And Chen Tianqing also said: "Guanxi, my Asian Financial Holding Company is also mainly engaged in insurance business. The market value is 4 billion Hong Kong dollars. You have to take more than 4 billion Hong Kong dollars."

  Speaking of, Chen Tianqing’s Asian Financial Holding Company also holds 30% of Wing Lung Insurance, while Feng Shaokun holds 40% of Wing Lung Insurance, and Indie Mac Bond Management Company holds 10% of Wing Lung Insurance.

  Asia Financial Holdings Corporation is also a financial company whose main business is insurance. At present, the two insurance companies have a lot of cooperation.

  Thinking of this, Chen Tianqing smiled and said: "Guanxi, simply Wing Lung Insurance and Asia Financial Holdings will buy together."

   Wu Zhankun also smiled and said: "Guanxi, when you have an idea, please call me anytime"

   These two people are obviously teasing Wang Guanxi. Now Wang Guanxi is not as rich as them, but when the financial tsunami comes, they will feel better.

  At that time, I will swallow your two insurance companies together.

  Let you scream in front of Lao Tzu.

  Thinking of this, Wang Guanxi smiled and said: "Definitely, it may happen in the future."

   "Haha, okay, I'll just wait for you to acquire my company." Wu Zhankun smiled and said, "Guanxi, I have some bonds from Wall Street investment banks, do you want them?"

  His Wing Lung Insurance holds a large number of Indy Mac Bank stocks, as well as Wall Street investment bank bonds, which are all very solid returns.

  However, there has been bad news in the United States recently. In addition, Wing Lung Insurance has recently floated and lost HK$400 million in the stocks of China Resources Beer, China Resources Gas, and China Resources Cement. The insurance company is in trouble and the cash flow is very tight.

  He hopes to sell some bonds in exchange for cash to alleviate the problem of liquidity drying up.

  Chen Tianqing also said: "Guanxi, I also have some investment bank bonds and bank stocks, do you want them?"

  Wang Guanxi shook his head and said: "No need for this, I am only interested in insurance companies"

  These two guys, they will feel good in the future. They will return the bonds of the Wall Street investment bank and the stocks of the bank. They are holding a bag of explosives.

  Then everyone was drinking and chatting. Wang Guanxi also asked the models from Jiyuan Model Company to come and play with him. Because of the loss of money and the need to release depression, many people took **** models to the hotel tonight.

At 9 o'clock, Wang Guanxi returned home.

  Drank a lot of wine tonight, my head is a little dizzy.

   Take a shower, then turn on the news.

  This is a sudden news of bankruptcy.

  【Indy Mac Bond Management Company declared bankruptcy with huge losses】

  After half an hour, another sudden message came.

  [Indymac Bank suffered a large number of runs, the stock price plummeted by 70%]

  Indy Mac Bank is the seventh largest mortgage and deposit bank in the United States, and suffered a run due to huge losses!

  ··

  Two hours later, Indy Mac Bank’s stock price dropped by 95% and declared bankruptcy protection!

  Currently, Mike Bank is the largest savings institution in U.S. history that went bankrupt under the supervision of the OTS (United States Office of Treasury Institutions)!

  Indy Mac Bank’s main business is the securitization of mortgage loans.

  Due to the outbreak of the mortgage-backed securities crisis, the bank fell into a crisis. Hundreds of people asked for withdrawals outside the door of Indy Mac Bank of Southern California.

  Oh my God, another bank went bankrupt, and the bond management company with the bank also went bankrupt.

  Many U.S. banks and bond underwriters in the U.S. have sold toxic subordinated bonds all over the world. There are many buyers in Hong Kong.

  I don’t know which institutions have been pitted this time.

  Normally, retail investors would not buy these bonds. They bought the stocks of financial institutions, and these financial institutions bought the combined bonds of Wall Street.

  Of course there are pension funds, insurance companies, even sovereign funds, and government departments.

  Wall Street’s portfolio bonds are sold to these institutions.

  Thinking about it, Wang Guanxi still searched for some news and found that Indy Mac Bank, Indy Mac Bond Management Company has many customers in Asia.

  There are also news reports that Indymac Bank and Wing Lung Insurance have a deep cooperation, but the specific cooperation seems to have not been announced.

  Next, I checked the public shareholders of the listed company Wing Lung Insurance, and found that there is Indy Mac Bond Management Company, which holds 10% of the shares of Wing Lung Insurance.

  This time Wu Zhankun has suffered.

  Sell 10% of Wing Lung Insurance’s shares in the market. I don’t know how the stock price will fall.

  This Wing Lung Insurance must have bought the bonds of Indimac Bank, maybe even stocks.

  Double negative, this Wing Lung Insurance must not suffer heavy losses.

   shook his head Wang Guanxi began to rest.

  At this moment, in a villa, Chen Tianqing suddenly changed his face after seeing the news of the bankruptcy of Indy Mac Bank, the seventh largest mortgage bank in the United States!

  Wing Lung Insurance has purchased a large number of Indymac Bank stocks and bonds.

  This time, Wing Lung Insurance is going to die. I don’t know how much the stock price will plummet tomorrow!

   And his Asian Financial Holding Company holds 30% of Wing Lung Insurance's shares, this time it will also suffer a miserable loss.

   "MD, this **** bank!"

  But he thought about it in a blink of an eye, and he suddenly showed joy.

  Why are you happy?

  Because he can take this opportunity to acquire Wing Lung Insurance.

  Now their Asian Financial Holding Company does not have much loss.

  He first sold the stock crazy, hit the stock price of Wing Lung Insurance to the lowest position, and then bought it!

  Anyway, Wu Zhankun is dead this time.

Feng Shaokun holds 40% of Wing Lung Insurance, and Indy Mac Bond Management Company holds 10% of Wing Lung Insurance. The two have a good relationship. They control 50% of the shares and firmly control the company’s voice. Chen Tianqing’s Asia As the second largest shareholder, the insurance company has been unable to do anything!

  I wanted to acquire Wing Lung Insurance before, but it failed. However, this time it will definitely succeed.

  Now Wu Zhankun of Wing Lung Insurance Company is still sleeping soundly with the model in the hotel.

  Hey.

  He vowed to suppress the stock of Wing Lung Insurance Company to the lowest position, so that the cost of swallowing Wing Lung Insurance Company would be much lower.

  "Zhankun, don’t blame me, brother, I’m not affectionate anymore"

  A sinister smile appeared on Chen Tianqing's face.

   Then he immediately started calling his friends in the newspaper and asked them to prepare the press release overnight.

   Strive to seal the throat of Wing Lung Insurance!

  At this moment, in the office at the headquarters of the Indy Mac Bond Management Company in the United States, a middle-aged man is standing by the window, looking haggard.

  His name is Annis, and clients call to sue him and make him lose money.

  Other customers said on the phone that he was going to be killed, and told him to be careful when he walked out.

  Annis sighed and told several operators: "Sell all assets if they can be sold. Tomorrow the Asian stock market will open, and Asian assets will also be sold out."

  This time they also pitted a lot of Asian customers. Now they want to sell all their assets to see how much debt can be repaid. If they can’t pay it back, there is no way.

  "Yes, Mr. Annis" several operators immediately began to act.

  At this moment, Wu Zhankun is holding a good-looking model from Jiyuan Model Company, drinking in the hotel room, and the two are talking about a good life.

  Wu Zhanhai drank a glass of wine and asked the female model: "Do you know the meaning of two-pronged idioms?"

  The female model shook her head and said she didn’t know.

  At this time, Wu Zhankun’s phone rang. It was his girlfriend who called. After a few conversations, he ended the phone call, then played music and danced with the female model.

  The next day, July 16, Wednesday.

  The Hong Kong stock market has not opened.

  Chen Tianqing of Asia Financial Holdings let several editors of Sing Tao Daily, South China Morning Post, and Phoenix Morning Post specially arrange a blockbuster news!

  【Wing Lung Insurance Company purchased a large amount of Indy Mac Bank’s stocks and bonds, and suffered a huge loss of nearly 2 billion】

  “This Indy Mac Bond Management Company will definitely sell the shares of Wing Lung Insurance Company. I can’t let them sell at a high position. I must first drop the shares of Wing Lung Insurance Company and let them sell at a low position.”

   "I won't let you cash out so much cash at a high position!"

  Chen Tianqing looked at the stock chart of Wing Lung Insurance Company with a sinister face. He wanted to take the lead in smashing the stock price, and then Indy Mac Bank would also follow suit.

  At that time, the stock price will avalanche, and retail investors will be scared to death.

  At that time, there will be a lot of selling in the market, and you can imagine how badly the stock price will fall.

  Anyway, Wu Zhankun, your kid is done!

   Then Chen Tianqing told several traders: "Smash the market as soon as the market opens. You will smash the stocks of Wing Lung Insurance to death!"

  "Yes, Chairman" several traders are also ready to try.

  Chen Tianqing was very satisfied. He picked up the coffee cup excitedly, took a sip, walked to the French window, stood with his hands behind, and looked into the distance.

  "Wing Lung Insurance will be acquired at the lowest cost this time. The lower the acquisition price, the better!"

  The market value of Wing Lung Insurance is 2 billion, the total share capital is 100 million shares, and the stock price is at 20.01 yuan per share.

  His Asian Financial Holding Company holds 30% of Wing Lung Insurance’s shares, or 30 million shares, worth 600 million Hong Kong dollars.

  Although the stock price of Wing Lung Insurance has plummeted, it will shrink the shares held by Asia Financial Holdings a lot.

  But he doesn't care, as long as Wing Lung Insurance is acquired.

  Let the market value of Wing Lung Insurance fall below 200 million Hong Kong dollars, so the cost of mergers and acquisitions will be very low.

  Anyway, Wing Lung Insurance’s loss of HK$2 billion cannot be covered. Sooner or later, the stock price will crash.

  If they don’t hit the market, the Indy Mac Bond Management Company will also cash out crazy.

  The stock price is still going to collapse, it is better to let him personally smash the stock price.

  (End of this chapter)