Rebirth of the Financial Crisis Sweeping the World

  Chapter 178 178 Then what do you want to do with me? Storm is coming!

  It will be done at 10 o'clock in the evening.

  Wang Guanxi returned home, took a bath, lay on the bed, and opened the stock price chart of Galaxy Entertainment Group and looked at it for a while.

   Shorted 400 million shares this time, and the position is quite high.

  In the future, Galaxy Entertainment Group’s share price will fall twice.

   then fell below 0.60 yuan per share, and the market value has shrunk severely.

  The Lu family is also out of money, and the Galaxy Entertainment Group, which was hit by the financial tsunami, will also be the meat on Wang Guanxi’s cutting board.

  There is also the hotel of the Lu family, which is also GG!

  However, the problems facing the black shirt insurance company are indeed serious.

  Get a good credit company, and China Merchants Bank will take out loans, which is a 1 billion Hong Kong dollar loan, which can only be delayed.

  And that stockholder’s class action lawsuit is likely to be lost and then compensated 20 million Hong Kong dollars.

  But now the black shirt insurance company has no money to indemnify. Only after making money, can we sort out these things.

  "Let the Lu family proud for the time being"

   "And that good financial group!"

  After shorting Galaxy Entertainment Group this time, Wang Guanxi intends to go short and form a financial group before the financial tsunami, so that Hong Tianwen, the disgusting and capricious bastard, will try to be shorted.

  It’s quite early, so I’m not in a hurry to go to bed. Wang Guanxi chatted with Lin Xiaoyu and talked about love.

  Lin Xiaoyu’s expected typing: "I want to hear you sing (King

  Wang Guanxi: "Okay, Xiaoyuer, what love song do you want to listen to?"

  Lin Xiaoyu replied with a sweet heart: "Don’t love songs (white eyes

  Wang Guanxi: "Xiaoyuer, the love song I sing doesn't sound good?"

   Lin Xiaoyu immediately explained: "No, it sounds good (poor

  Wang Guanxi: "Then I will sing a song for you, why not?"

  Lin Xiaoyu looked at the phone screen looking forwardly: "Hmm"

   Then Wang Guanxi sang a song: [Why not?]

  Sing this song for you

  No style

  It just represents

I hope you're happy

  Toss and turn for you

  Why not give up the world for you

  ····

  Lin Xiaoyu couldn't help crying as she listened. She wiped her tears and found that she was a crying ghost. She cried and laughed at the phone screen, looking stupid.

  Wang Guanxi: "Xiao Yuer, it's your turn, sing me a love song"

  Lin Xiaoyu was very nervous, for fear that he could not sing well, so Wang Guanxi felt that he could not sing well, so he replied; "I can't sing (＾－＾)V"

  Wang Guanxi continued to ask her to sing, but Lin Xiaoyu started to play tricks, just can't sing. In fact, she was planning to sing some love songs.

  While chatting with Lin Xiaoyu, Wang Guanxi looked at the current affairs news.

  There hasn’t been any big news recently.

  Suddenly there was a message, [three insurance companies huge losses]

  Tap to take a look.

  The three companies, China Life, Ping An, and CPIC, failed to keep the fruit of the victory of last year's floating profits, and turned into floating losses in the first half of this year, with a total loss of 150 billion yuan.

  China Life, Ping An, and China Pacific Insurance, these three companies have already lost 150 billion yuan in the stock market in the first half of the year. At the end of 2007, the three companies had a floating profit of 106.9 billion yuan and a floating loss of 41 billion yuan in the first half of this year.

  "Fortunately, Black Shirt Insurance has been swapping shares, holding good financial assets and good liquidity."

  Wang Guanxi had to sigh, before decisively swapping shares, although many stocks came out at a loss, but with good stocks, assets will not shrink.

  For example, selling other stocks, buying BYD Auto, Penguin Group.

  When the broader market is weak and other stocks are falling, BYD Auto and Penguin may be still rising.

  A message came out at this time.

  [China Construction Bank's net profit in the first half of the year increased by over 70% year-on-year to 58.7 billion yuan]

In the first half of the year, CCB achieved a net profit of 58.692 billion yuan, an increase of 71.34%; the annualized average return on assets was 1.72%, and the annualized weighted average return on net assets was 26.36%, an increase of 0.54 percentage points and 6.56 percentage points over the same period of the previous year. , Earnings per share is 0.25 yuan. The total assets exceeded 7 trillion yuan, and the assets grew steadily!

   "Awesome amount, other banks are losing money, and the profits of China Construction Bank are increasing. No wonder the market value is so fast that it exceeds one trillion Hong Kong dollars."

  Another piece of news.

  [UBS Group's huge losses in the subprime mortgage crisis increased again, reaching 49.8 billion US dollars]

  The UBS Group is wealthy, and it is also losing money.

  However, Wang Guanxi remembers that UBS holds shares of Galaxy Entertainment Group.

  I don’t know if it will be sold. Although 100 million shares are not many, worth 500 million Hong Kong dollars, mosquitoes are also meat.

  [Lehman Brothers will sell $40 billion in assets]

  Lehman Brothers is the fourth largest investment bank on Wall Street. It is still alive, but as the crisis continues to deepen, it will be over within a month.

  This time Lehman Brothers is planning to sell commercial real estate and financial asset bonds with a total value of approximately US$40 billion to improve the financial situation that has been hit by the credit crisis.

  Because the previous Bear Stearns Bank was acquired by Morgan Bank, Lehman Brothers refused to become "Bear Stearns Second"

  Be aware that Lehman Brothers has rarely lost money since its establishment, and everyone has a lot of confidence in it.

  Not long ago, Lehman Brothers also raised several billion U.S. dollars, and there are many buyers.

  But after Lehman went bankrupt, the shareholders lost their money.

  This time it can be said that Lehman Brothers has experienced the first quarterly loss since its listing in 1994. However, Lehman Brothers attaches great importance to the performance of its own performance in this quarter and has continuously made various related commitments to investors.

  Wang Guanxi knew it was a liar and continued to lie.

  And now that the credit crisis in the United States is intensifying, Lehman Brothers is right at the center of the storm.

  Wang Guanxi knows that it will definitely go bankrupt in the future, but now many investors and large financial institutions don’t think so.

  The shares of Lehman Brothers held by American financial crocodile Soros increased from 10,000 shares to 9.5 million shares, accounting for 0.8% of all his shares.

  Soros is still increasing his holdings of Lehman Brothers stock.

  Is he a fool?

   Obviously Soros is not!

  Because no one thinks that this company that has been more than a hundred years old will go bankrupt.

  And the former CEO of American International Group (AIG) Greenberg and the asset management giant BlackRock Group also increased their holdings of Lehman Brothers stock.

  The latter has now become the tenth largest shareholder of Lehman Brothers after increasing its shareholding several times.

  The increase in holdings against the market is because the increase in holdings believes that after the fall of Bear Stearns, the US federal government will not sit back and watch any large financial institution eventually go bankrupt.

  But in fact, due to the overall weakness of the US economy, the positive effects of frequent "blood transfusions" and delaying interest rate hikes by the US authorities have been greatly weakened. The situation of Lehman Brothers since last month is still considered to continue to deteriorate.

  Currently, Lehman Brothers shares are still above US$20.

  Wang Guanxi intends to short the Galaxy Entertainment Group, he will look for opportunities to short it!

  Now Lehman Brothers is about to sell assets on a large scale, and I don’t know the stock prices of those listed companies are out of luck.

  Although there are many real estate and bonds in these 40 billion assets, there are also many stocks of listed companies.

  Of course, the US$40 billion in assets is not only owned by the United States, but globally, including Japan, Hong Kong, the United Kingdom, and Singapore.

  And Lehman Brothers also holds shares of Galaxy Entertainment Group, and also holds 400 million shares. It is really cool to sell it!

  And the Lu family has no money to protect the plate!

  GGG!

  Wang Guanxi is very happy thinking of this.

  These news are all good news for Wang Guanxi.

  Checked the time, it was 11:30 in the evening.

  Wang Guanxi sent a message to Lin Xiaoyu: "Xiaoyuer, take a break, good night"

  Lin Xiaoyu quickly typed: "o(>﹏<)o don’t want to go to bed at 12 o’clock, okay, people haven’t sang to you yet"

  Wang Guanxi did not expect Lin Xiaoyu to brew a song for an hour, so he typed: "Little language, then you sing"

   Soon Lin Xiaoyu sang a song [The Most Romantic Thing]

  Sit back to back on the carpet

  Listen to music and talk about wishes

  You wish me more and more gentle

  I hope you put me in your heart

  You said you want to send me a romantic dream

  Thank me for taking you to heaven

  Even if it takes a lifetime to complete

  As long as I tell you, I will remember

  The most romantic thing I can think of

   is to grow old with you

  Collect every bit of laughter along the way

  Reserved for later, sit in a rocking chair and talk slowly

  The most romantic thing I can think of

   is to grow old with you

  I can’t go wherever we are

  ··

  Lin Xiaoyu's voice is very crisp, with a squeamish, romantic taste, very nice, she seems to be singing affectionately, she should have practiced for a long time.

   Lin Xiaoyu was very nervous, typing anxiously and asked: "Does it sound good? ⊙﹏⊙"

  She hopes Wang Guanxi will quickly praise her.

   Wang Guanxi praised: "This is the most beautiful melody in the world"

  "Hmm" Lin Xiaoyu was very happy: "What else?"

  Wang Guanxi: “Sing what I’m in my heart, and slowly change with you”

   Lin Xiaoyu was very happy in his heart, and replied: "I don't want to grow old with you slowly, hey~"

  Wang Guanxi: "Then what do you want to do with me?"

  Lin Xiaoyu thought for a while and wanted to reply: "Let’s go into the soil and feed ∩﹏∩"

  Uh, Lin Xiaoyu misunderstood his meaning.

  The two chatted for another half an hour before going to bed.

  At this moment, in the Hong Kong branch of UBS, there is a trader who is working at night to sell US stocks.

  Suddenly a middle-aged man walked in. He was very aggressive.

  His name is Caroline Frank, a vice president. Today, he received an order from the headquarters asking him to mobilize 20 billion Hong Kong dollars in funds.

  He opened the Hong Kong stock market stock chart and checked the trading volume rankings.

  Basically, UBS continues to hold the stocks of these listed companies.

   After a pause, he ordered: "Sell the shares of Hong Kong listed companies tomorrow morning, CCB, Galaxy Entertainment Group, Penguin Group, China Resources Beer, Sinopec stocks, cash out 20 billion Hong Kong dollars."

  Recently, the stocks of these listed companies have risen a lot, or the trading volume is large, they hold a large amount of stocks, and they need to cash out some of the cash to fill the holes.

  There are many holes in UBS Group, they just fill in one temporarily.

  HK$20 billion, which is less than US$2.6 billion. Facing the huge losses of UBS, it is not enough. UBS needs to sell a lot of assets.

   "Yes, Mr. Frank"

  At this moment, Lehman Brothers, New York, USA, the president of the company, Fuld is holding a meeting.

  Now Lehman Brothers is in danger. In order to avoid becoming the second Bear Stearns, $40 billion in assets will be sold.

  Real estate and bond assets are not easy to sell, and the price is very low. Now you have to sell financial assets. The best thing is to sell stocks.

  Hong Kong, Singapore, and Japanese benzene markets are undoubtedly the best place to sell stock assets, because they are all financial centers and have very good liquidity.

  HSBC, Standard Chartered Bank, China Merchants, and Industrial and Commercial Bank of China's stocks are all sold. Of course, Galaxy Entertainment Group's stocks are also sold. 400 million shares of Banking Entertainment Group stocks are also worth 2.16 billion Hong Kong dollars.

  Fuld began to say: "Asian time, the Japanese benzene and Singapore stocks are sold in the morning, and Hong Kong stocks are sold in the afternoon."

  "Now sell me the stocks of the U.S. stock market and sell them all"

  "Yes, President", the traders are waiting for it.

  At this moment, in the villa of the Lu family, Lu Yinhe also learned about the UBS Group and Lehman Brothers, and will sell assets on a large scale.

   "The market prospects of Galaxy Entertainment Group are so good, they shouldn't be in a hurry to sell shares, right?"

   Thinking of this, Lu Yinhe shuddered.

  The market value of Galaxy Entertainment Group is 25 billion Hong Kong dollars. In 2008, such a market value was also a well-known large company in Hong Kong and the largest company in their Lu family.

  Now their Lu family holds 60% of the shares of Galaxy Group, worth 15 billion Hong Kong dollars!

   is worth 16 billion Hong Kong dollars, but it’s not cash, it just exists in the form of stocks.

  If the stock price plummets, it will be bad, and the assets of their Lu family will shrink drastically.

  Moreover, their family's capital flow has dried up, and the capital flows of other companies have dried up. What can they use to protect the market?

  Lu Yinhe prayed not to sell off.

  But the more it doesn’t happen, it tends to happen.

   "Oh, it's dangerous."

  He felt a bit cold on his back and couldn't sleep. He got up and went outside the villa. There was a drizzle in the sky, and then the wind came. It was very cold. He couldn't help but sneezed.

   Soon it rained more and more.

  This makes Lu Yinhe feel very bad and unlucky.

  A sense of wind and rain.

  He really has no sleep at all.

  I feel more and more that tomorrow’s stock will fall sharply, and this bad feeling tortures him.

  This time against the Black Shirt Insurance Company, if it loses, it will be a heavy blow to the Lu family.

  However, 60% of the shares of Galaxy Entertainment Group are in the hands of the family, and he is not worried about the control of the company.

   is worried about the serious shrinkage of the family’s assets.

  If Galaxy Entertainment Group’s share price falls by half, their 16 billion Hong Kong dollars worth of shares will only be worth 8 billion Hong Kong dollars.

  At this time, his wife also woke up, and asked caringly: "Yinhe, what's wrong?"

  She was very worried when she saw Lu Yinhe's thoughts on her mind.

  Lu Yinhe said: "It may be bad tomorrow"

  "The soldiers will cover the water and the earth." His wife Zhong Manxiu said, "You will definitely win."

  This time, Galaxy Entertainment Group was shorted by the Black Shirt Insurance Company, which once dried up the cash flow of the Lu family.

  In addition, the Stanford Hotel Group in the United States also encountered serious problems, and the capital flow of the family-controlled business was almost consumed.

  Lu Yinhe smiled and said: "It's okay, everything is good, maybe it's just that I think too much."

   "Take a rest, don't catch cold" Zhong Manxiu said

   "Okay" and the two returned to rest.

  The following day, August 26, Tuesday, the Hong Kong stock market has not yet opened.

  Lu Yinhe woke up very early.

  The weather in Hong Kong this morning was terrible. It rained heavily yesterday, and I stopped for a while this morning, but now it’s clouded with clouds again, giving people the feeling that a storm is coming.

  Thinking about it, he asked the driver to send himself to the company.

  For the Hong Kong branch of UBS, traders are already preparing, and they began to sell stocks at the opening.

  At this time, Vice President Caroline Frank walked into the trading room and said: “Lehman Brothers may also sell a lot of stocks. Let’s sell ahead of time. Let’s start selling as soon as the market opens.”

  "CCB, Galaxy Entertainment Group, Penguin Group, China Resources Beer, Sinopec"

  The stocks of these listed companies have recently had a large trading volume. Taking advantage of the strong stock prices, it is best to cash out large-scale cash.

  And Lehman Brothers also intends to sell Asian assets, he does not want to meet Lehman Brothers, so the time period is as separate as possible.

  "Yes, Mr. Frank" traders turned on their computers and logged into their stock accounts.

  (End of this chapter)