Rebirth of the Financial Crisis Sweeping the World

  Chapter 158 158 Clearance! Black shirt insurance cash flow is 800 million!

   Then Wang Guanxi looked at the specific position of Wing Lung Insurance Company in detail.

  Currently, Wing Lung Insurance holds 25 million shares of China Resources Beer, with a position of 22.00 yuan per share.

  Now the share price of China Resources Beer is still oscillating at 10.00 per share, with a floating loss of 12 Hong Kong dollars, 25 million shares, and a floating loss of 300 million Hong Kong dollars.

  China Resources Gas lost 75 million yuan.

  China Resources Cement has a floating loss of 25 million yuan.

  In total, the three listed companies under the China Resources Group have lost 400 million Hong Kong dollars.

  If Wu Zhankun did not increase his holdings of listed companies in the China Resources series, Wing Lung Insurance would fall into the predicament of liquidity shortage early, and Wing Lung Insurance would not be acquired so quickly.

But now this landmine is in Wang Guanxi’s hands, and he wants to solve it. Fortunately, after several rounds of sharp declines in the stock prices of listed companies in the China Resources series, they can no longer fall at a low level for the time being. Maybe they will be able to rise by one next week. wave.

  There are many problems with Wing Lung Insurance, but fortunately, Cathay Insurance is no problem!

  Recently cashed out all stocks, bonds, including real estate at the high level of Cathay Pacific Auto Insurance.

  Because the stocks held recently have risen a lot, Cathay Auto Insurance has cashed out 300 million in cash. That is to say, Cathay Auto Insurance does not hold any financial assets, and all exist in cash.

  The total assets of Catalan Auto Insurance are 600 million, the total liabilities are 500 million, and the net assets are 100 million.

  Total assets are 600 million yuan, including 300 million current cash and 300 million liability reserves.

  The CEO Huang Shaokai did a great job.

  Wang Guanxi praised Huang Shaokai next to him: "Mr. Huang, you are doing well"

  Huang Shaokai smiled and said: "Boss, it’s all your advice."

   "Haha" Wang Guanxi smiled: "Mr. Huang, you are also doing very well."

  At this time, Huang Shaokai asked: "Boss, Wing Lung Insurance has already been privatized successfully. We might as well merge the two companies to reduce expenses. It turns out that there are many delicious lazy people in Wing Lung Insurance. I plan to fire them."

  Wang Guanxi thought for a while, and said: “Okay, just merge the two insurance companies and let the Cathay and Thai auto insurance funds come in.”

  "Yes, boss" Huang Shaokai looked excited.

  Then the two companies merged together and renamed Hong Kong Black Shirt Insurance Company, which belongs to the Black Shirt Group.

  The six executive directors of the company are Wu Zhankun, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng, and Huang Shaokai.

  At the same time, Huang Shaokai served as the CEO of Hong Kong's black shirt insurance company, and also fired many executives to reduce costs.

  The current liability of the black shirt insurance company is 3.7 billion, and the total assets are 3.6 billion, of which there are 300 million current cash, 1.3 billion liability reserves, and 2 billion financial assets.

  Of course, the net assets are negative 100 million!

  But don’t worry.

  Because of this 300 million cash flow, the Hong Kong black shirt insurance company will not obviously run out of liquidity, and then GG.

  Now Hong Kong Black Shirt Insurance still holds a large number of portfolio bonds, as well as stocks, such as China Resources Beer, China Resources Gas, China Resources Power, China Resources Cement··Sinopec.

  Wait for these stocks to rise. Before the outbreak of the global financial crisis, these stocks will rise for a while and then plummet.

  Wang Guanxi said: "Mr. Huang, sell all the portfolio bonds of the Hong Kong Black Shirt Insurance Company. If there is no one left, then get back as much money as you get back."

  "Then slowly empty out all the stocks and turn most of the assets into cash."

  Currently, the Hong Kong Black Shirt Insurance Company has assets of 3.6 billion, many of which are stock assets. When the stock rises, the assets will also increase.

  The rise in stocks can increase the value of these 3.6 billion assets to 4 billion assets, so the net assets of Hong Kong Black Shirt Insurance Company is 400 million Hong Kong dollars.

  Of course, this is the book calculation of the stock.

  If the stocks fall, the 3.6 billion assets may be reduced to 3.2 billion assets, so the net assets will be minus 400 million Hong Kong dollars.

  Before the global financial tsunami, cash is king.

   Then Wang Guanxi emphasized: “Remember, we must be slow, and strive to cash out more cash.”

   "Yes, boss" Huang Shaokai nodded solemnly.

Next, on Saturdays, weekends, and Mondays, the Hong Kong Black Shirt Insurance Company threw out all the portfolio bonds, including Merrill Lynch Bank, Nevada First National Bank, California First Traditional Bank···Washington Mutual Bank, Lehman Brothers.

  Many insurance companies and financial institutions have taken over with low market prices, because they believe that the bond companies or banks that issue bonds will not go bankrupt. Even in crises, the government will still rescue them.

  One of the biggest takers is Chu Jianming of Convoy Global Insurance Company. The major shareholders behind Convoy Global Insurance are the Lu Yinhe Lu family of Galaxy Entertainment Group, and Hong Tianwen, who has established a good financial group.

  Geehao Financial Group has a market value of over 16 billion Hong Kong dollars, manages many assets, and also owns Get Good Securities.

  And Galaxy Entertainment Group is even more impressive, with a market value of more than 25 billion Hong Kong dollars.

  In Hong Kong in 2008, they are also considered rich and powerful. Of course, they are still incomparable with China Resources Group. However, the market value of Galaxy Entertainment Group will reach 300 billion in the future, which is also a huge existence.

  This time, the Hong Kong Black Shirt Insurance Company sold the portfolio bonds underwritten by Lehman Brothers, Florida First Preferred Bank, and Washington Mutual Bank to Convoy Global Insurance Company at a 40% discount.

  Chu Jianming, chairman of Convoy Global Insurance Company, was very happy, 40% off, they made 40% on the same day!

  He said excitedly: "Haha, we are happy to cooperate, and there will be good bonds for sale at a discount in the future, just come to me!"

  These bonds are very stable, and the interest returns are also stable. He did not expect that the Hong Kong Black Shirt Insurance Company would sell them at a 40% discount. Is this too timid?

  Lehman Brothers, Florida's first priority bank, and Washington Mutual Bank are all big banks. The big ones do not fail. Although there is a small crisis, they will eventually pass.

  Huang Shaokai smiled and said: "Mr. Chu, sure, sure."

  After Chu Jianming left, he returned to his villa, where guests came, one is the Lu family, Lu Yinhe, and the other is Hong Tianwen, who has formed a financial conglomerate.

   "Old Chu, where did you go?"

  "Why are you back now? I have been waiting for you for a long time. Come and play chess."

   "I just went to do a business with a fool and made 40% immediately, haha" Chu Jianming was very proud.

   Then briefly talked to Lu Yinhe and Hong Tianwen.

  And Huang Shaokai, CEO of Hong Kong Black Shirt Insurance, came to Wang Guanxi.

  He said: "BOSS, the portfolio bonds have all been sold."

  Wang Guanxi nodded: "Good job"

  He hurried to throw out these bonds, they are all highly toxic, if these fools want it, they will definitely be dragged into the water.

  Florida's No. 1 Preferred Bank, Washington Mutual Bank, and Lehman Brothers will all go bankrupt, without the aid of the US government.

  Convoy Global Insurance Company?

   has become a sweet potato.

  Just waiting for these portfolio bonds to thunder.

  Wang Guanxi was very excited to think of it here.

  Although these portfolio bonds have been discounted by 40% and lost a lot of money, it is better than nothing, right?

  This time, the Hong Kong Black Shirt Insurance Company sold all its bonds at a discount, and its assets have shrunk a lot.

  These bonds are worth 500 million Hong Kong dollars, but at a 40% discount, they only get 300 million Hong Kong dollars and lose 200 million Hong Kong dollars, which makes the net assets of Hong Kong Black Shirt Insurance Company negative 300 million Hong Kong dollars.

Increase the liability reserve to avoid trouble for the Securities Regulatory Commission, so Wang Guanxi asked CEO Huang Shaokai to allocate all the 300 million Hong Kong dollars to the liability permit fund. The higher the proportion of the liability reserve, the safer the liability reserve of Wing Lung Insurance. The proportion is too low.

  The 300 million Hong Kong dollars cannot be moved, just like the bank's license fee to the central bank.

  So, the black shirt insurance company still has 300 million Hong Kong dollars in working capital.

  Total liabilities are 3.7 billion, total assets are 3.4 billion, of which 1.6 billion is a liability reserve, 300 million current cash, 1.5 billion financial assets.

  This Convoy Global Insurance Company is still the major shareholder of Asian Financial Holding Company, but the largest shareholder of Asian Financial Holding Company is Chen Tianqing.

  Wang Guanxi is ready to mobilize funds to short Asian Finance Corporation.

  Open its stock price and take a look.

   is not yet time to go short.

   Then Wang Guanxi opened the stock price chart of China Resources Gas, China Resources Cement, China Resources Beer, and China Resources Power.

  Today is July 21st. In the morning trading, the shares of China Resources Series have not fallen today.

  At the beginning of the afternoon trading, the shares of China Resources Beer series rose collectively.

  When the market closes.

  China Resources Power held by Black Shirt Insurance has begun to make a profit.

  China Resources Gas lost 65 million Hong Kong dollars.

  China Resources Cement, with a floating loss of 20 million Hong Kong dollars.

  China Resources Beer lost 250 million Hong Kong dollars.

  A loss of 65 million has been reduced on the book, which is not bad.

  The total assets of the black shirt insurance company are rising.

  The next day, July 22, the stocks of China Resources series rose again.

  China Resources Beer’s share price has soared to the 15.00 position.

  Wang Guanxi immediately emptied all positions in the China Resources series.

  As for Sinopec, PetroChina is falling and assets are shrinking. Wang Guanxi is not in a hurry to liquidate their positions because they will still rise.

  In Sinopec, PetroChina’s losses increased, adding 50 million yuan in losses.

  The loss on the China Resources series has been reduced, reducing the loss of 250 million, from the original floating loss of 400 million, and finally only losing 150 million. This wave of stock price increases has increased the total assets by 200 million.

  Cashed out 500 million cash in the China Resources series.

  The cash flow of the black shirt insurance company is as high as 800 million Hong Kong dollars.

  Continue to replenish the liability reserve, set aside 400 million Hong Kong dollars, leaving 400 million Hong Kong dollars in current cash.

  But the debt is 3.7 billion, the asset scale is 3.6 billion, the liability reserve is 2 billion Hong Kong dollars, the current cash is 400 million, and the financial assets are 1.2 billion.

  Net assets are minus 100 million Hong Kong dollars.

  This time, the China Resources series of stocks have been liquidated, so that future losses have also been reduced to a minimum. The liquidation of other listed companies' stocks has been handed over to CEO Huang Shao.

  If the position is closed too quickly, the less cash will be cashed out, and the total assets will also decrease.

  So these stocks need to be liquidated slowly, as long as the liquidation is completed before the outbreak of the global financial crisis.

  Because the stocks of many listed companies have fluctuated sharply. The stocks of those very good listed companies are now very high and cannot be bought. Because the financial tsunami has come, the stocks have plummeted collectively, and you will lose huge amounts of everything you buy.

  Cash is king.

   Then wait for these stocks to plummet, and then go hunting down.

  This is Wang Guanxi’s plan.

  The black shirt insurance company has 400 million cash flow, but it is only an insurance company, not Wang Guanxi. Only when the insurance company pays dividends can Wang Guanxi receive profit dividends.

  Insurance companies have total assets of 3.6 billion Hong Kong dollars. Wang Guanxi can use these assets, and then make money, and then use the profit to pay dividends.

  (End of this chapter)