Rebirth of the Financial Crisis Sweeping the World

Chapter 169: 169 Black Shirt Insurance won a big win, and its value has shrunk 10

Chapter 169 169 Black shirt insurance won a big victory, and its value has shrunk by 1 billion!

The next day, August 11, Monday.

Wang Guanxi arrived at the headquarters of Heiji Insurance Company at 9:30, half an hour before the opening of the Hong Kong stock market, but in the office of the president, everyone was very excited and excited.

Because today is the time to harvest the fruits.

Just waiting for the share price of Asian Financial Holdings to plummet.

In the office of the president, there are many computer desks, and several traders are waiting to see.

Wu Zhankun, Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen and Wei Weicheng are also here.

Wang Guanxi asked: "Has the news been released?"

The so-called news is naturally the negative news of the Asian Financial Holding Corporation, which scares retail investors and then sells stocks. After all, some retail investors hold very low stock positions, and they may have floating profits in their accounts until now. Negative news will definitely rush to sell stocks, and retail investors who buy at high positions may also sell stocks out of fear.

CEO Huang Shaokai smiled and said: "It has been released"

Wang Guanxi opened the news and took a look.

"Asian Financial Holdings was drawn by banks, making it worse and facing bankruptcy. The Securities Regulatory Commission may seek to take over the insurance company of Asia Financial Holdings within a few days."

The two pieces of news are fake news deliberately released by Black Shirt Insurance, creating a wider panic situation and making the share price of Asia Financial Holdings Co., Ltd. fall even more miserably.

However, the Asian Financial Holdings Corporation was indeed given a loan by Standard Chartered Bank. As for the China Securities Regulatory Commission, it is not clear.

But if the China Securities Regulatory Commission does not consider seeking other insurance companies to take over the Asian Financial Holdings Corporation, it will come out to refute the rumors.

Many investors who hold Asian Financial Holdings Corporations were really panicked after seeing this news.

Although the insurance company will not go bankrupt, the listed insurance company will delist, and the stock price will fall into shit. If you don’t sell the stock, then wait until the stock you are working on becomes waste paper.

Retail investors were shocked when they saw such news, and the stock market was also sending such negative information.

"I'm paralyzed, just sell the stock at the opening."

"Grass, quickly sell it"

"In 5 minutes, I will sell out!"

"This **** Asian Financial Holdings, why did the bad news appear on the weekend!"

"I have been scared these past two days. Today, the opening must be closed!"

···

And Chen Tianqing of Asia Financial Holdings was dumbfounded when he watched this news, and cursed the **** of the Black Shirt Insurance Company.

"MD, investors in the market are panicking, what should I do now?"

Asia Financial Holdings repurchased 200 million shares and spent HK$800 million. How much money can it eventually get back?

this is a problem.

The 400 million loan of Standard Chartered Bank must be repaid.

Chu Jianming of Convoy Global Insurance was even more trembling with fright. If the stock price plummeted below 1.00 yuan this time, assuming that the position of the black shirt insurance company's liquidation position was at 1.00 yuan per share, then he would be returned 200 million shares. It's worth 200 million Hong Kong dollars!

HK$1 billion shrank to HK$200 million, a loss of 80%!

He hurriedly called Huang Shaokai, CEO of the Black Shirt Insurance Company, and said that he would negotiate with Wang Guanxi, but Huang Shaokai refused Chu Jianming’s request on the grounds that Wang Guanxi was busy.

Soon the stock market opened.

Asian Finance Corporation’s stocks are declining!

A large number of selling orders appeared!

There is no buying in the market!

fell 50% in just 5 minutes, plummeting from 4.00 yuan per share to 2.00 position.

But it's not over yet!

continues to fall, because there is no buying at all in the market, just selling!

Asia Financial Holding Company also has no funds to protect the market.

Chen Tianqing and Chu Jianming could only watch this scene.

Asia Financial Holdings previously spent 800 million Hong Kong dollars and bought 200 million shares at an average price of 4.00 yuan per share.

But now 200 million shares are only worth 400 million Hong Kong dollars, and there is a loss of 400 million Hong Kong dollars on the book.

And Chen Tianqing himself is the largest shareholder of Asia Finance, holding 250 million shares, and his worth has shrunk from 1 billion Hong Kong dollars to 500 million Hong Kong dollars.

Chu Jianming’s Convoy Insurance Company holds 200 million shares. Although these 200 million shares were lent to the Black Shirt Insurance Company for short, the 200 million shares will be returned to them in the end, so Convoy Insurance Company also lost 400 million Hong Kong dollars. .

The market value of the entire Asian financial holding company has also shrunk from HK$4 billion to HK$2 billion.

But this is just the beginning.

The stocks in the hands of retail investors can’t be sold, because no one in the market sells them at all, and no one dares to buy them. Everyone is selling them like crazy!

The stock price continued to fall.

quickly fell to the 1.00 position!

The market value of Asia Financial Holdings has shrunk from HK$2 billion to HK$1 billion.

Chen Tianqing and Chu Jianming both suffered heavy losses and were heartbroken.

One after another called Wang Guanxi and Huang Shaokai, asking the black shirt insurance company to close the position.

Chen Tianqing’s call soon reached Wang Guanxi.

Wang Guanxi thought for a while, but it was connected.

"Old Chen, what's the matter?"

Chen Tianqing begged: "Guanxi, close the position, I beg you, brother."

Now that Wang Guanxi does not close his position, the 200 million shares repurchased by Asian Financial Holdings Company cannot close the position at all, because there is no buying order in the market to take it, then the stock price will fall to nothing.

This Asian Financial Holdings is not the 400 million loan of Standard Chartered Bank at all, because there is no money at all, and then it is forced to miss, then it is really finished.

Wang Guanxi comforted: "Old Chen, don't worry, I will call Huang Shaokai, CEO of Heishirt Insurance Company, immediately after I have eaten breakfast, and ask him to close the position."

Chen Tianqing knew that Wang Guanxi was delaying and wanted the stock price to fall even lower, so he said: "Can you play now?"

This little **** is really damning.

But he had to ask Wang Guanxi's black shirt insurance company to liquidate the position as soon as possible.

"Guanxi, now the stock price has dropped to 1.00, and the black shirt insurance company earned 3 Hong Kong dollars per share, and 600 million Hong Kong dollars in the account."

"Even if the stock price continues to fall, down by 50%, from 1.00 to 0.5 yuan per share, you still earn 3.5 yuan per share, which is only a floating profit of 700 million Hong Kong dollars. When you close your position, the stock price will rise sharply. "

"How about closing the position of our two families together?"

"This can be hedged"

"Guanxi, let me tell you that I have applied for a loan with the Mainland China Merchants Bank, and maybe I will use 500 million funds immediately. Then I will use the 500 million funds to buy back the stocks and buy all the stocks of retail investors. I will let You can't close the position!"

At this point, he even used bragging rights. Of course, this is impossible. Even if he obtains a 500 million Hong Kong dollar loan from China Merchants Bank, he cannot be used to repurchase the company’s stock. The loan is used to maintain the company’s failures. If it fails, if it repurchases the stock, then the company will be dead. Repurchasing the stock will not solve the problem except to obtain useless stock.

Of course, he did ask China Merchants Bank for a loan of 500 million yuan, but approval or disapproval is unknown. His classmate is working at China Merchants Bank and he is still a vice president.

The loan from China Merchants Bank is to repay the loan from Standard Chartered Bank. If the loan from China Merchants Bank cannot be repaid, the company will be taken over by China Merchants Bank.

Wang Guanxi: "Old Chen, don't be crazy, you are useless like this."

Chen Tianqing said directly: "I know you want to buy Asia Financial Holding Corporation, but I won't sell it to you either. You have to die."

Wang Guanxi thought for a while and then said: "Old Chen, I will call Huang Shaokai first. Wait for me for a few minutes, first."

Ended the call.

Wang Guanxi opened his mouth to Huang Shao: “Huang, when the stock price drops to 0.5 yuan per share, the position can be closed.”

Now the stock price is very low. If it is low, it will be almost like that. If you do a careful calculation, it is more suitable to close the position at 0.5. After all, there is such a selling in the market that it cannot continue to be below 0.5 yuan, that At that time, the stock price was very low, and everyone's enthusiasm for selling was greatly reduced. Therefore, closing the position at 0.5 yuan can cater to the psychology of retail investors.

Because the black shirt insurance company closes the short order is equivalent to buying in the market, so the stock price will rise, and the rise in the stock price will cause retail investors to close their positions. In this way, they can hedge each other and complete a transaction.

In addition, Chen Tianqing also needs to close his position urgently, so there will be a large number of selling orders in the market to hedge against the buying orders of the black shirt insurance company.

"Yes, BOSS" Huang Shaokai nodded seriously.

Then Wang Guanxi called Chen Tianqing and was connected instantly.

Wang Guanxi said: "Old Chen, we will close the position at 0.5 yuan per share, and stop closing the position at 1.5 yuan per share."

"This time I want to make at least 500 million yuan. You can figure it out by yourself. You need to stop closing positions at 0.5 yuan per share and close positions at 1.5 yuan per share."

"Okay, just do it like this" Chen Tianqing had to do it.

So when it was 0.5 yuan per share, the black shirt insurance company began to liquidate its position.

A short position of 200 million shares, closing a position is equivalent to buying 200 million shares.

The stock price quickly rushed from 0.5 yuan per share to 1.5, and then the black shirt insurance company stopped liquidating.

Then Asian Financial Holding Company began to liquidate its positions, selling a lot of stocks, and then the stock price plummeted from 1.5 yuan per share to 0.5 yuan per share, and then they stopped liquidating.

Very tacit understanding, you need money, and I also need money!

came back and forth many times, and the stock price fluctuated violently, which could kill the retail investors.

"My grass, the stock price fluctuates very sharply." A retail investor watched this scene with fear.

"Damn, you can buy, buy, I'll try to buy the bottom, I can have big money to enter the market." A retail investor immediately bought 10,000 shares at the 1.2 position.

But the stock price quickly rushed to the 1.5 position. He was very happy, but it didn't take long for the stock price to plummet, and soon fell to the 0.5 position. He was heartbroken, and he lost 7,000 Hong Kong dollars so soon.

"Damn it," he watched the stock price fall so low and was very scared, so he closed his position.

But not long after he closed his position, the stock price rushed up again because the black shirt insurance company was closing the short list.

"Grass!!!"

"Bad son" He is heartbroken and regrets it.

Many retail investors lose money and lose money when they go short, becoming the minced meat in the meat grinder.

The share price of Asia Financial Holdings Co., Ltd. fluctuates from 0.5 to 1.5, and the trading volume is very, very large.

When the market finally closed, the stock price was fixed at 1.00.

And everyone has closed their positions. The average closing price of the 200 million short positions of the Black Shirt Insurance Company is at 1.00, earning 3 Hong Kong dollars per share, and 200 million shares, which is a profit of 600 million Hong Kong dollars.

It’s so cool!

The cash flow of the black shirt insurance company reached 1.4 billion Hong Kong dollars, and then it repaid a 200 million Hong Kong dollar loan to Wing Hang Bank, leaving 1.2 billion Hong Kong dollars left.

The Asian Financial Holdings Corporation had previously spent 800 million Hong Kong dollars to fight the Black Shirt Insurance Company and bought 200 million shares of the company’s stock at an average price of 4 yuan per share.

Chen Tianqing closed these 200 million shares, and the average closing price was also at 1.00, with a loss of 3 yuan per share and 200 million shares, which means a loss of 600 million Hong Kong dollars.

Asian Financial Holding Company spent 800 million Hong Kong dollars to protect the market, and finally received 200 million Hong Kong dollars and lost 600 million Hong Kong dollars.

And Chen Tianqing personally holds 25% of the shares of Asian Financial Holding Company, which is 250 million shares, which is now worth 250 million!

When the stock price was 5.00 yuan per share, he was worth 1.25 billion Hong Kong dollars. Now the stock price is 1.00 yuan per share, and he is worth 250 million.

His wealth has evaporated by HK$1 billion.

And the stock price will continue to fall, he doesn't know how much his value has shrunk.

Thinking of this, Chen Tianqing was very decadent. This time he and his company were both miserable!

Because we have to repay Standard Chartered Bank’s 400 million Hong Kong dollar loan.

Chen Tianqing intends to sell a real estate worth 300 million Hong Kong dollars to Standard Chartered Bank for 200 million Hong Kong dollars.

Then pay 200 million Hong Kong dollars to Standard Chartered Bank, and finally pay off the 400 million Hong Kong dollars loan of Standard Chartered Bank.

Thinking of this, he called Zhang Xiaolei of Standard Chartered Bank, and the call was quickly connected.

Chen Tianqing said: "Mr. Zhang, we have now collected 200 million Hong Kong dollars. We will first pay you 200 million Hong Kong dollars in cash and 200 million Hong Kong dollars in loans. Our Asian Financial Holding Company also has a real estate, which is based on market valuation. It is 300 million Hong Kong dollars. I plan to use this real estate to offset the remaining 200 million loan. What do you think?"

Zhang Xiaolei asked: "Where is the real estate?"

Their bank needs to verify and then give an assessment to see if it is worth 300 million Hong Kong dollars. If it is worth 200 million Hong Kong dollars, they will not accept it, because real estate cannot be a liquid asset, and it wants to be turned into cash. You need to find a buyer to sell it. At that time, the price may not be the price evaluated by the market, because the buyer may not accept it. After all, the price you evaluate may be different from the price evaluated by the buyer.

Next, Chen Tianqing said briefly, and continued: "You can send legal specialists and auditors to review, and we will also arrange for someone to cooperate with you."

Finally, Standard Chartered Bank agreed, and Chen Tianqing immediately called an assistant to cooperate with Standard Chartered Bank.

After the assistant left, Chen Tianqing breathed a sigh of relief.

But now the company's crisis has not been resolved, because the company has no cash, and the cash is exhausted.

Need a loan!

Thinking of this, he continued to call his classmates who were attracting investment to request loans.

His classmate is Si Xiuming, who works as an executive in China Merchants Bank.

After the call was connected, Chen Tianqing said a lot.

After chatting for a long time, the other party asked him to go to the Shenzhen market in the mainland.

Seeing that there was hope, Chen Tianqing left the company and rushed to Shenzhen!

Before leaving, Chen Tianqing called Chu Jianming, the chairman of Convoy Global Insurance, the second largest shareholder of Asia Financial Holdings.

The call was connected soon.

Chu Jianming asked: "Old Chen, what's the matter?"

Chen Tianqing quickly said: "Brother Chu, I want to go to China Merchants Bank in the Mainland"

"Go to the loan"

"Don't worry, Asia Financial Holdings will get a loan soon"

Chu Jianming reproduced: "I got it."

After finishing the call, Chen Tianqing hurriedly got in the car and asked his driver to leave.

"Hurry up, go to Shenzhen!"

"Okay, Chairman" the driver quickly started the car.

And a paparazzi in Hong Kong happened to take this scene.

At this moment, the headquarters of the Black Shirt Insurance Company is cheering.

"This battle is simply perfect"