Rebirth of the Financial Crisis Sweeping the World

  Chapter 167 167 victory ticket in hand? The failure of the three banks suffered heavy losses!

   Then after Wang Guanxi finished one shot, he went to the freezer and took out a bottle of orange juice, and drank it slurpingly.

   Soon the phone rang, and it was from Chen Tianqing, chairman of Asia Financial Holdings.

  Hong Kong's Black Shirt Insurance Company and Asian Financial Holdings Corporation are fighting in the stock market today, and they have also started a legal battle.

  Weird, why is Chen Tianqing calling himself now?

   So Wang Guanxi connected the phone and said, "Old Chen, what's the matter?"

On the phone, Chen Tianqing smiled and said: "Wang Guanxi, give up, your Hong Kong black shirt insurance company is over this time, I am calling you now, just to buy the Hong Kong black shirt insurance company, you say a price Right"

  Wang Guanxi was taken aback and asked: "Old Chen? What are you thinking about? My black shirt insurance company is dead?"

"Yeah, it's over, don't you understand?" Chen Tianqing thought for a while, and said directly: "I got news from your insurance company that your company's cash flow is all used up, so you should give in early. Close the short position"

He secretly bought the spies and obtained the funds of the Black Shirt Insurance Company. The original cash flow of the Black Shirt Insurance Company was only 600 million Hong Kong dollars. He also borrowed 200 million Hong Kong dollars from Wing Hang Bank and collected 800 million Hong Kong dollars to short the Asian Financial Holding Company. That's it, now the funds have been used up.

  The share price of Asian Financial Holding Company was under his protection and did not collapse. The price was set at 4.00.

  Wang Guanxi asked Kanghong Global Insurance to borrow 200 million shares. At that time, the stock price was at 5.00 yuan, valued at 1 billion yuan, and it required a lot of interest every day.

   When will it be able to resist?

  Does Convoy Global Insurance pay high interest every day?

  Originally, he planned to jointly acquire the Black Shirt Insurance Company with Chu Jianming, Chairman of Convoy Global Insurance, but now Chen Tianqing has changed his mind and wants to swallow the Black Shirt Insurance Company alone.

  Wang Guanxi failed to short Asian Financial Holdings this time, and the black shirt insurance company's capital flow dried up. In the future, the share price of Asia Financial Holdings will continue to rise, and the black shirt insurance company will have to liquidate its position.

  At this time, Wang Guanxi said: "Old Chen, do you have a secret stake in the black shirt insurance company?"

He did not expect that Chen Tianqing would still have a hand. The feelings were left with Wing Lung Insurance Company. After Wing Lung Insurance Company merged with Heishan Insurance Company, this secret pile was still high, and he revealed all the funds flow of Heishan Insurance Company. To Chen Tianqing.

   "Old Chen, you are really sinister"

   Chen Tianqing smiled cunningly on the phone: "Guanxi, the mall is like a battlefield, why don't I keep a hand, brother, you colluded with Wu Zhankun and robbed my prey Wing Lung Insurance. Now come back with the profit."

Before, he was going to buy Wing Lung Insurance Company at a low price, but he never expected to be cut off by Wang Guanxi. Fortunately, he kept a chess piece in Wing Lung Insurance Company. Now this chess piece has brought him important The intelligence of the black shirt insurance company is exhausted, and there are no more bullets to continue to short.

  However, the liquidity of the Asian Financial Holding Company has also dried up. The black shirt insurance company has consumed 800 million Hong Kong dollars in cash. It is difficult to do now, everyone should close the position.

If    continues to consume, the black shirt insurance company will definitely lose, but the Asian Financial Holding Company also lacks cash, which disrupts Chen Tianqing’s future business layout.

Thinking of this, Chen Tianqing said straightforwardly: "Brother, I am not embarrassed by your company, nor will you make more money. You can close your position at the price of 5.00, 200 million shares, and a loss of 1 yuan per share. 200 million Hong Kong dollars, I closed 200 million shares and also closed the position at 5.00"

  "That means you lose 200 million yuan, I earn 200 million yuan"

   "Otherwise, you will lose everything in the future."

  "For the black shirt insurance company, I will give you a purchase price of 200 million yuan. What do you think?"

  Before, Wang Guanxi bought Cathay Insurance for 90 million Hong Kong dollars, and then bought Wing Lung Insurance, which cost more than 100 million Hong Kong dollars. He gave 200 million Hong Kong dollars for the purchase price, which is very reasonable.

Everyone has closed their positions in the market. His Asian Financial Holdings can also get 800 million cash flow, plus 200 million profit, which is 10 cash flow. The acquisition of the black shirt insurance company will cost 200 million Hong Kong dollars, but it is After the Asian Financial Holdings Corporation acquires the Black Shirt Insurance Company, it will continue to grow.

  He was so anxious to talk to Wang Guanxi about the acquisition of the Black Shirt Insurance Company, just to make the chairman of Conhong Global Insurance Chu Jianming earn a little less money and annex the Black Shirt Insurance Company. He can do it alone.

  Although everyone has been a long-term partner, he is bound to win the Black Shirt Insurance Company. Chu Jianming should be out. To be honest, he has ideas about Convoy Global Insurance.

  At this time, Wang Guanxi smiled and said, “Old Chen, you are too naive to think. Let’s walk and see to see who the acquisition is.”

  Chen Tianqing’s Asian Financial Holdings wants to acquire Heiji Insurance Company, and Wang Guanxi also wants Heiji Insurance Company to annex Asian Financial Holdings. This is just one day, and Chen Tianqing has the winning ticket?

"Well, let me see when you can resist. I have clarified the false claims about property fraud and asked the barrister to sue the black shirt insurance company for rumors, claiming 5 million. Next week, the retail investors will definitely Push the stock price to 5.00, then don’t cry"

   "Haha, I wish you a happy weekend"

   Ending the call, Wang Guanxi shook his head: "When you cry next week"

  According to his knowledge, the Asian Financial Holdings Corporation holds a large number of shares of several listed banks in the United States and a large number of Wall Street portfolio bonds. Although these bonds are not problematic for the time being, there will be major problems in the future.

  Moreover, the shares of several listed banks held by the Asian Financial Holdings Corporation plummeted immediately because several listed banks were about to fail.

Wang Guanxi shorted 200 million shares of Asian Financial Holdings this time. Before the short, he also let Chen Tianqing know that he hoped that Chen Tianqing would mobilize funds to fight with him in the stock market, and then consume the liquid cash of Asian Financial Holdings to allow Asia Financial Holdings. The company also lacks liquidity. According to Wang Guanxi's expectation, the Asian Financial Holding Company also spent at least 800 million Hong Kong dollars to protect the market this time.

  At that time, as soon as several banks went bankrupt, Asian Financial Holdings would suffer heavy losses, stock prices would also crash, and cash flow would be gone. He swallowed Asian Financial Holdings, that is a certainty.

  If it were not for the black shirt insurance company to consume Asia Financial Holdings, then Chen Tianqing would have resisted, but now there is no money, I see how you resist it!

  Then Wang Guanxi made a call to Huang Shaokai of the Black Shirt Insurance Company, and the call was quickly connected.

  Wang Guanxi asked: "President Huang, expose the Bank of California, the First National Bank of Nevada, and the First Heritage Bank of California. Have things been done?"

Asian Financial Holdings, Convoy Global Insurance holds a large number of California banks, Nevada First National Bank, California First Heritage Bank stocks, and underwriting portfolio bonds. These three banks suffered heavy losses due to the intensified transmission of the subprime mortgage crisis. , Had been clutching the explosive barrel, but soon couldn't cover it. The three banks were finished quickly, and the Asian Financial Holding Company, Convoy Global Insurance, was a fatal blow.

  Because the Asian Financial Holding Company was consumed by the Black Shirt Insurance Company 800 million Hong Kong dollars in cash, this time it was absolutely irresistible.

   Huang Shaokai excitedly said on the phone: "BOSS, it was actually done last night, and it was reported by the American media tonight."

   "The employees of the Black Shirt Insurance Company are in major economic forums in the United States, saying that these three banks are going to go bankrupt, so that retail investors hurriedly dumped their stocks."

  He has been arranging the employees of the company to be the navy. In major forums in the United States, retail investors have sold the stocks of these three banks that are going to fail. Many retail investors have also claimed to be short of their stocks.

   "Hey, the good news is coming soon. You should be able to see it in a few hours."

  "Well, then I'm relieved." After finishing the call, Wang Guanxi continued to play snooker with Feng Shaokun, Li Guangyu, Zhou Jingtian, Wu Zhanhai and others.

  ··

  At this moment, the Bank of California is holding an emergency meeting, because the Internet began to spread wildly about the huge losses of the California bank and the closure of the bank. This is the case, and it can't be covered up immediately.

  Chairman Blitz McKinning has a cold sweat on his back, and some major customers have already started to withdraw money before.

  Blitz McKinning said: "The meeting is over, just do what you should do."

   Then he opened the stock software and wanted to sell his stock.

  At this time, the phone rang. It was Chen Tianqing from Hong Kong. He thought about it and connected.

  He greeted warmly: "Hi, Chen!"

  As always optimistic, calmly without any frustration.

  Chen Tianqing asked: “McKinning, I saw you in the media that are unfavorable to the bank. What is going on?”

The two have known each other for a long time. They were university classmates and met at the University of California. Chen Tianqing’s Asian Finance Corporation holds $100 million worth of stocks in the Bank of California and $200 million worth of bonds. These bonds are portfolio bonds. It was underwritten by a credit company under the Bank of California, and the interest rate was very stable. Now Chen Tianqing saw the news that the Bank of California was going to fail in the media, and he was immediately frightened.

  He hopes this is a rumor, after all, he has also spread rumors.

  Blitz McKinning comforted: “Chen, rest assured, it’s okay. There is nothing wrong with the bank. It’s just some fake media spreading rumors and it will pass soon.”

  Chen Tianqing heard what Blitz McKinning said, and he immediately felt relieved.

  Ending the phone call, Chen Tianqing said to Chu Jianming, the chairman of Convoy Global Insurance who was next to him: "Brother Chu, you can rest assured that it's okay. I have already called and asked Blitz McKinning in person."

  Chu Jianming breathed a sigh of relief: "Then I can rest assured"

  Convoy Global Insurance, like Asia Financial Holdings, holds stocks in California banks and portfolio bonds, but they are relatively small, not many.

Convoy Global Insurance holds a large number of stocks and bonds in the First National Bank of Nevada and California First Heritage Bank. Of course, this is also part of the portfolio bonds. Convoy Global Insurance also holds a large number of Lehman Brothers bonds in order to allocate risks. , Stocks, income is very stable.

  Thinking about it, Chu Jianming separately called Sherwin Morais, the president of the First National Bank of Nevada, but the call was not connected.

  He is a little irritable inside.

First National Bank of Nevada encountered difficulties in 2003. He used the funds of Convoy Global Insurance Company to raise 50 million US dollars and held 10% of the shares of First National Bank of Nevada, which is now worth 200 million US dollars. , Doubled by 4 times.

  He also bought a portfolio of US$200 million in bonds, and the income was very stable.

  Now there are media reports on the Internet that the First National Bank of Nevada is going to fail, he is not at ease.

  At this time, a text message came from Sherwin Morais, "Chu, there is no problem, don’t worry, I’m having a secret meeting now, I’ll call you later."

  At this moment, Sherwin Moris is outside the office of the National Banking Regulatory Agency (the US Banking Regulatory Commission), and the Banking Regulatory Commission may order him to announce the truth immediately.

   And Chu Jianming was relieved, and after thinking about it, he called Tano Lore, director of California First Heritage Bank, and the call was connected.

  Chu Jianming asked: "Lore, what's the situation now, I saw in the media that the First Heritage Bank is going to fail?"

  Convoy Global Insurance Company holds a total of 50 million shares worth of California First Heritage Bank, as well as $80 million in portfolio bonds.

  Tano Lore broke through: "They are all unscrupulous media, for the sake of traffic, they keep spreading rumors. You can rest assured that the stock price will fall a little at most, and it will rise back soon."

  After the chat, Tano Lore hurriedly opened the stock software, and when the market opened, he would sell the stocks he held like those directors who knew it.

  At this moment, Chen Tianqing and Chu Jianming are bathing in a health care center, and there are two Ukrainian models waiting around.

  "Don't worry, it's okay"

   "Well, have a good time tonight."

  Then the two models started massaging their shoulders. They were very comfortable. Chu Jianming thought for a while and asked: "Brother Chen, this time buying the Blackshirt Insurance Company, should we be sure of it?"

This time, the black shirt insurance company asked him that Convoy Global Insurance borrowed 200 million shares to short Asian Financial Holdings. At that time, the stock price was 5 yuan per share, valued at 1 billion Hong Kong dollars. The black shirt insurance company needs to pay 250,000 Hong Kong dollars in interest every day. Slow cutting of leeks, he hopes to cut for half a year, half a year will be 45 million Hong Kong dollars in interest.

  It’s so cool, it's 3 times higher than the bank deposit interest rate.

  Before the two of them had discussed it, when the black shirt insurance company couldn’t resist it, they would jointly acquire it,

  Chen Tianqing smiled and said: "That kid Wang Guanxi is still stubborn, it's okay, he will be over soon, and retail investors will kill him and maimed him in the future."

  Actually, he wanted to swallow the black shirt insurance company alone, but Wang Guanxi did not agree, and he was supporting him. He wanted to see how long Wang Guanxi could last.

Wang Guanxi’s black shirt insurance company sold 200 million shares. Such a huge smash hit was followed by his mobilization of funds, but it also made the Asian Financial Holding Company's capital flow scarce. However, he still has a winning ticket. Black shirt insurance company has already It was his nailed flesh and couldn't escape.

  "Look at when Wang Guanxi’s black shirt insurance company can jump around"

  Chu Jianming laughed: "I hope he can jump for a year, so that I can earn 90 million Hong Kong dollars in interest."

  Chen Tianqing smiled awkwardly: "Old Chu, what's the interest? The acquisition of the Black Shirt Insurance Company is a big win!"

  ··

  At half past nine in the evening, the US stock market opened.

  Bank of California, First National Bank of Nevada, and First Heritage Bank of California, the stocks of three banks plummeted.

  Bank of California’s stock price fell 50%, from 15 yuan per share to 7.5 US dollars per share.

  Blitz McKinning, the chairman of the Bank of California, is frantically selling his stock.

  First National Bank of Nevada fell 95%.

  Although President Sherwin Morais was under investigation by the China Banking Regulatory Commission, he entrusted his wife to sell these stocks.

  The First Heritage Bank of California has fallen by 90%!

  Executive director Tano Lore is also selling stocks frantically.

  It seems that everyone who holds stocks is selling stocks, except for a few shareholders who are still sleeping.

  A few hours later.

  The First National Bank of Nevada and the First Traditional Bank of California announced the closure of operations. So far, seven banks in the United States have gone bankrupt this year.

  First National Bank has total assets of 4.4 billion U.S. dollars and savings balance of 3 billion U.S. dollars, First Legacy Bank’s total assets of 2.8 billion U.S. dollars and deposits of 2 billion U.S. dollars. Since 2007, there have been false financial situations.

  Then the California bank was run on by major customers and was taken away from 1.3 billion US dollars. As a result, the bank went bankrupt and needed to be taken over by the federal government.

  This is the largest deposit and loan bank that has gone bankrupt under the supervision of the U.S. government over the years, and it is also the second-largest bankrupt financial institution in U.S. history.

  The Director of the U.S. Savings Administration Bureau Reich said: California Bank declared bankruptcy due to poor liquidity.

  The total assets of California banks are 32 billion U.S. dollars, and the deposit amount is 19 billion U.S. dollars.

  In the context of falling property prices and rising mortgage payments, the Bank of California recorded a total loss of US$900 million.

  Bank of California’s share price fell to $0.5 per share!

  When Wang Guanxi saw this news, it was already 9 o'clock the next morning.

  Today is August 9th. On Saturday, the financial market is closed.

  There are only three banks. They are dead and insolvent. Shareholders, that’s nothing.

   Now the Asian Financial Holding Company and Convoy Global Insurance have suffered huge losses.

  AFC has also consumed 800 million liquidity funds by the Black Shirt Insurance Company, and the company’s liquidity has also dried up. What else can it use to maintain its stock price?

  While the Black Shirt Insurance Company shorted 200 million shares, and the position was set at 4.00, if the share price of Asian Financial Holding Company plummeted by that time, it would be cool and crooked. Chen Tianqing is over!

   Then Wang Guanxi washed quickly, and then rushed to the black shirt insurance company.

  Huang Shaokai, Wu Zhankun, Zhang Dexi, Mu Honglie, Chen Xuezhen, and Wei Weicheng, six executive directors, began to convene the board of directors.

  This layout is quite perfect. The three bombs, namely Bank of California, First National Bank of Nevada, and First Heritage Bank of California, were detonated in advance, directly exploding Asian Financial Holdings and Convoy Global Insurance.

  It is conceivable that Asia Financial Holdings and Convoy Global Insurance will lose much, and now it is time to acquire Asia Financial Holdings.

   Thinking of this, Wang Guanxi asked: “Have you arranged for the media to continue bombing the two companies?”

   Wu Zhankun said: "The media has been arranged. The Asian Financial Holdings Corporation has a huge loss of 2 billion Hong Kong dollars, and Convoy Global Insurance has a huge loss of 3 billion. It will wait for the opening of the market next Monday."

  He doesn’t know how much money the Asian Financial Holding Company and Convoy Global Insurance lost, which is estimated to be more than 2 billion Hong Kong dollars.

  Wang Guanxi thought about it for a while and said: “At the weekend, let’s say they lost 5 billion Hong Kong dollars and faced bankruptcy.”

  If you talk about 2 billion Hong Kong dollars, you can talk about 5 billion Hong Kong dollars. There is no need to worry about the lawsuit. The lawsuit is settled with a few million Hong Kong dollars, and the profits it brings are very, very generous.

  Thinking of this, Wang Guanxi continued: “Let them say that these two insurance companies have falsified their finances for 2 years”

   "By the way, let the Black Shirt Legal Company prepare for the possible prosecution"

  "OK" Wu Zhankun is very excited.

  Feng Shui takes turns, now is the time to fight back against Chen Tianqing.

   Last time Chen Tianqing, the **** shorted Wing Lung Insurance, and wanted to buy Wing Lung Insurance at a price of 100 million. He could only get 40 million Hong Kong dollars, and Wang Guanxi gave him 60 million Hong Kong dollars.

  If it were not for Chen Tianqing’s crazy smashing of the market, Wing Lung Insurance’s stock price would not fall below 1.00!

  Think about him and get angry.

  ··

  At this moment, Chen Tianqing, chairman of Asia Financial Holdings, and Chu Jianming, chairman of Convoy Global Insurance, are still in their dreams and haven't woken up yet.

  The two had a great time last night, and two Ukrainian models played with them.

When   woke up, it was 11 o'clock in the morning, and the two came to the swimming pool to drink milk.

  At this time, I opened the news and found out that my company was rumored again by the media.

  What do they say, they have huge losses of 2 billion and 3 billion respectively.

   "It's nonsense!"

   "A bunch of rubbish!"

  But they soon discovered that the Bank of California, the First National Bank of Nevada, and the First Heritage Bank of California failed.

  The stock prices of the three banks fell into shit.

   Suddenly, Chen Tianqing and Chu Jianming stiffened, and the cups in their hands fell into the swimming pool, splashing a pool of white, which was quickly diluted.

  They have cold sweat on their backs.

This is real.

  It's over, it's over.

  They suffered heavy losses!

   "Grass!"

"Son of a bitch"

"con man!"

  Chen Tianqing found out that he was deeply deceived by Blitz McKinning of the Bank of California, and he did not even have the opportunity to sell stocks.

   And Chu Jianming also found himself deceived by Sherwin Morais, president of Nevada First National Bank, and Tano Lore, director of California First Heritage Bank.

  The two immediately made a crazy call to the US, but they couldn't get through.

  The two gritted their teeth with hatred and yelled at them.

  I shudder when thinking about the future consequences.

  Especially Chen Tianqing, thinking that the Black Shirt Insurance Company shorted the shares of Asian Financial Holding Company, and now that the liquid cash of Asian Financial Holding Company is exhausted, he is almost in an ice cellar.

   His face was pale, and his whole body was shaking.

  I accidentally fell into the swimming pool and choked on some water.

  (End of this chapter)