Rebirth of the Financial Crisis Sweeping the World

  Chapter 188 188 cashed out 6.6 billion in cash, AIG Group borrowed 1.2 billion US dollars of stock to lose money

  The next day, Saturday.

  Today is August 30, half a month before the global financial tsunami broke out.

  Last night, the Black Shirt Insurance Company shorted Lehman Brothers' stocks and returned to rest late.

  However, Wang Guanxi still got up very early this morning and got up at 9 o'clock.

  A quick glance at the news.

  【Lehman Brothers is negotiating accumulation with Korea Development Bank】

  At present, Lehman Brothers is in crisis, and many large international organizations are planning to acquire Lehman Brothers.

  But in the end, they couldn’t agree.

  However, many investment institutions will also think that the talks are complete.

  Even if the talks fail, there is still the government to pay for the rescue.

   After all, Lehman Brothers has reached a point where it cannot be collapsed.

  Over 600 billion U.S. dollars of debt, if it is dumped, it will detonate a financial nuclear bomb.

  So no one thinks that Lehman Brothers will go bankrupt, and it is normal to increase holdings of Lehman Brothers shares at a low price.

  Wang Guanxi’s black shirt insurance company also happened to be short.

  Now Lehman Brothers is negotiating with Korea Development Bank, waiting for their negotiations to break down.

  Reviewed the news.

  【The world's largest insurance group, AIG Group, has increased its holdings of Lehman Brothers and has become the fourth largest shareholder of Lehman Brothers】

  Last night, the shares of Lehman Brothers originally fell from the 15.00 position to the 12.00 position.

  Wang Guanxi has never had the opportunity to go short. He did not expect that AIG Group increased its holdings, which caused the stock price to rise back, which happened to happen.

  【Soros Quantum Fund increases its holdings of Lehman Brothers shares at a low level】

  Sure enough, the Black Shirt Insurance Company and Soros Quantum Fund started to work last night. It’s okay, just do it.

  If it were not for the Soros Quantum Fund to increase its holdings at 15.00, Lehman Brothers’ stock price would not rise to 20.00, leaving the black shirt insurance company shorting 20 million shares at a high level, and opening a position at 18.00 US dollars per share.

  In the early hours of last night, Lehman Brothers’ stock price had fallen below the 10.00 position and finally closed at 9.00.

  The black shirt insurance company has made a floating profit of 180 million US dollars, which is simply not too cool.

  However, the financial tsunami is coming soon, and the black shirt insurance company still has a lot of assets, which must be sold out by September 14.

   So Wang Guanxi simply ate a bowl of cart noodles at the Central Pier, and then came to the headquarters of the Black Shirt Insurance Company.

   Soon executive director Yuji Kawauchi brought a detailed balance sheet.

  "BOSS, this is the latest property status"

  Wang Guanxi nodded: "Well, go down."

After Yuji Kawauchi left, Wang Guanxi sat in the boss chair and looked at it carefully.

Black Shirt Insurance Company, currently has total assets of 16 billion, liability reserves of 7.2 billion, financial assets of 5.8 billion, real estate of 1 billion, and cash flow of 2 billion (it has been converted into US dollars to short Lehman Brothers stock, floating loss of 160 million US dollars, unrealized ’S profit is temporarily excluded)

  Total liabilities are as high as 14.2 billion, of which Wing Hang Bank has 500 million Hong Kong dollars in loans.

  Net assets are 1.8 billion Hong Kong dollars.

  Financial assets of 5.4 billion, including HSBC, Penguin Group, BYD Auto.

  The original financial assets were 5 billion Hong Kong dollars, but these stocks have risen and fallen recently, because they are all good stocks, and their stock prices have generally been rising.

  So the financial assets of the Black Shirt Insurance Company have increased by 800 million to 5.8 billion.

  Unlike other insurance companies, their assets have shrunk because the prices of many stocks they hold have fallen.

  Wang Guanxi intends to sell all these assets, but the stock price will definitely fall a lot. In that case, there will be no more than 5.8 billion Hong Kong dollars in cash.

  So I have to find buyers to buy it at the market price.

  Currently holding 30 million shares of HSBC, the stock price is 120 Hong Kong dollars per share, valued at 3.6 billion.

  Penguin Group’s stock, 40 million shares, the stock price is 65 Hong Kong dollars per share, worth 2.6 billion!

  The shares of BYD Auto, 60 million shares, the stock price is 10 Hong Kong dollars per share, and the value is 600 million.

  Moreover, there are 1 billion real estate, real estate, property, restaurant equity...This mess, Wang Guanxi also intends to sell it all at a discount.

   Taking advantage of the financial tsunami is not coming, it is better to clear the stock earlier.

  HSBC, Penguin’s share price will fall for a few months in the future, BYD Auto’s share price is a bit complicated!

  Just buy it back in the future, especially the HSBC stock, which will fall the most in the future!

   "If you can't find a buyer, you can only sell it on the stock market."

  "The stocks of these three companies should sell well, but the real estate is difficult to sell, 1 billion real estate!"

  Wang Guanxi leaned on the boss chair, thinking, the stock was not worried about not being sold.

  But real estate is not easy to sell.

  So you have to combine financial assets with real estate.

  Then pack and sell, so it’s easy to sell.

  Thinking of this, Wang Guanxi summoned all the horses in the black shirt insurance company.

  A lot of all the horses came to Wang Guanxi.

  Huang Shaokai, Wu Zhankun, Zhang Youde, Wang Juehao, Bai Weiqiang, Mu Honglie, Chen Xuezhen, Wei Weicheng, Kawauchi Yuji, Ogura Go, Huang Jiajiang, Zhen Dahua, Huang Xuehui, He Chunlong, Zhong Guowei, a total of 15 horses.

  These people were originally busy directing the company’s navy’s stocks in the United States, economic forums, and financial networks to create negative news about Lehman Brothers.

  Now everyone is called by the BOSS, everyone is very curious, is there any big action the BOSS is going to do?

  Wang Guanxi said, “It’s Saturday. You will immediately find a buyer to sell all the company’s financial assets and real estate.”

  "Assets can be packaged and sold together"

  "For example, if you sell 200 million financial assets, you will also sell 100 million real estate. Real estate can be discounted, and financial assets should not be discounted as much as possible, understand?"

  "Yes, BOSS" Then everyone started to execute, and they contacted potential buyers through relationships.

   Then Wang Guanxi called the Ma Zai from the Black Shirt Investment Bank.

  Because Heishan Investment Bank and Heishan Insurance Company are located in Wing Lung Building, they arrived at the office within a few minutes.

  All fourteen directors are here.

  Wu Zhanhai, Wu Hongsheng, Li Guangyu, Guan Wenwei, Zhang Xiaoqi, Yu Xugang, Tian Shengchun, Lu Zhengxin, Ye Zhiwei, Zhao Mingxun, Liang Jilin, Tan Jiabao.

  Now the two guys in the Wu family, Wu Zhankun and Wu Zhanhai are working under Wang Guanxi.

  Because of their huge investment losses, the family abandoned them.

  I am now willing to be Wang Guanxi’s horse.

  Wu Zhankun is in Heishan Insurance Company, and Wu Zhanhai is in Heishan Investment Bank.

  Wang Guanxi briefly talked to them about the situation, and said: “You also all look for buyers and sell the financial assets and real estate held by the black shirt insurance company.”

  The financial assets and real estate of the black shirt insurance company add up to 6.8 billion Hong Kong dollars.

  Those large financial institutions, it is estimated that they also want to sell assets, so it is not easy to sell.

  It is very good to find those small and medium-sized financial institutions with money.

  But a small and medium-sized financial institution is absolutely inadequate, so there are many.

  "Yes, BOSS" everyone also hurriedly went to do it.

  Wang Guanxi, who is the BOSS, slept on the sofa in the office because she slept very late last night and needed to make up for sleep.

  When I woke up, the good news came that Wu Zhankun found the buyer, Dongzheng Financial, and sold 200 million real estate and 500 million financial assets. In the afternoon, he was ready to sign the contract.

  At 3 pm, Wu Zhanhai also found a buyer, Goldin Financial, and sold 250 million real estate and 600 million financial assets.

  At 5 pm, Zhang Youde found a buyer, authoritative finance, and sold 150 million real estate and 400 million financial assets.

  At 6 o'clock in the evening, Wu Hongsheng found Yugo Financial and sold 100 million real estate and 300 million financial assets.

  At 7 o'clock in the evening, Li Guangyu found Lingzhi Financial and sold 180 million real estate and 500 million financial assets.

  At 8 p.m., Guan Wenwei found Huarong Financial Holdings and sold 120 million real estate and 400 million financial assets.

  Unexpectedly, the real estate would be sold out within a day. The 1 billion real estate was sold at a discount, and it was only 800 million Hong Kong dollars in the end.

  One billion real estate has lost 200 million, but if it is not sold now, the financial tsunami will come, and it will be even more unsellable and worthless.

  You can buy it anytime you want to buy it in the future, but Wang Guanxi won't buy it anymore.

  ·····

  The next day, August 31, at 9 a.m., Huang Shaokai sold 600 million Penguin Group stocks to Zhongwei Financial.

10 o'clock in the morning. Wang Juehao found Zhongzhi Capital International and sold 300 million shares of Penguin Group.

At 12 noon, Bai Weiqiang found Jiajin Investment International and sold 400 million shares of HSBC.

  At 4 pm, all financial assets and real estate were sold out.

  A total of 6.6 billion Hong Kong dollars have been cashed out. Financial assets are sold at market prices. This is what Wang Guanxi is most satisfied with.

  Although Penguin Group, HSBC’s stock price will rise for a few days.

   But soon turned around and fell.

  Of course, HSBC’s stock is temporarily strong.

  When the financial tsunami came, the stock price of HSBC first fell sharply, then rose sharply, and then continued to fall sharply!

   has been falling for several months.

  Wang Guanxi intends to short HSBC's stock. Of course, that happened in early October, and it is still far away.

  Currently, the balance sheet of the black shirt insurance company is perfect.

  Total assets of 15.8 billion Hong Kong dollars, liability reserves of 7.2 billion, current cash of 6.6 billion, financial assets of 2 billion Hong Kong dollars (converted into US dollars, short Lehman Brothers stocks, floating profits of 160 million US dollars, unrealized profits, temporarily excluded)

  Total liabilities are HK$14.2 billion, of which HK$500 million is a loan from Wing Hang Bank.

  Net assets, 1.6 billion Hong Kong dollars.

  At present, it has a cash flow of 6.6 billion Hong Kong dollars and can do a big job.

  Thinking about it, Wang Guanxi planned to pay back the loan from Wing Hang Bank first, so he paid 500 million Hong Kong dollars to Wing Hang Bank.

  Total assets are left at 15.3 billion Hong Kong dollars.

  Total liabilities are HK$13.7 billion, and net assets are still HK$1.6 billion.

  Spent 500 million Hong Kong dollars, there is still 6.1 billion cash flow, Wang Guanxi intends to continue to short Lehman Brothers stock after the opening of the U.S. stock market tomorrow night.

  Thinking of this, Wang Guanxi called Huang Shaokai and said: “Continue to borrow Lehman Brothers stock. Tomorrow September 1st, the US stock market will open on Monday night and continue to short Lehman Brothers!”

   "Yes, BOSS!" Huang Shaokai hurriedly left, and then called AIG Group.

  AIG Group is a major shareholder of Lehman Brothers and has long held shares in Lehman Brothers.

  Of course, Wellington Asset Management is also a major shareholder of Lehman Brothers, holding its shares for a long time.

  I borrowed one time before, and the second time went smoothly. AIG Group borrowed 80 million shares.

  Blackshirt Insurance Company’s 6.1 billion cash, out of 6 billion, was converted into U.S. dollars, 774 million U.S. dollars.

  At 7 o'clock in the evening, everyone signed the agreement again and paid high interest to AIG Group every day!

  I borrowed 20 million shares on August 29, and today I borrowed another 80 million shares on August 31.

  It is calculated that the black shirt insurance company has borrowed 100 million shares of Lehman Brothers from the AIG Group.

  A total of 1.2 billion US dollars.

  The monthly interest is 2%, and the one-year interest is 24%, which is very high!

  Why is it so high? Because Lehman Brothers is now struggling with difficulties, American International Group (AIG) specifically raised interest rates.

  In this way, the black shirt insurance company needs 800,000 US dollars in interest to AIG Group every day.

  This is almost like loan sharking.

  AIG Group also knows that Black Shirt Insurance Company is shorting Lehman Brothers stock, and Black Shirt Insurance Company also knows that AIG Group knows that it is shorting Lehman Brothers stock.

  Everyone knows what ideas are in their hearts.

  The black shirt insurance company is going to bet on the bankruptcy of Lehman Brothers.

  It is okay for AIG Group to block Lehman Brothers. They originally planned to hold Lehman Brothers stock for a long time!

  Lending the shares of Lehman Brothers to the black shirt insurance company can also get high interest.

  2% interest per month, 24% in one year!

  The black shirt insurance company will be short for as long as it wants to be short.

  The head of Asia of American International Group and the global vice president, Brian Schreiber, came to the headquarters of the black shirt insurance company.

  Huang Shaokai said to Wang Guanxi: "BOSS, this is the head of Asia of AIG Group, Brian Schreiber"

  Schreiber holds a bachelor's degree in finance from New York University and a master's degree in business administration from Columbia University. He joined AIG in 1997 and is a portfolio manager of AIG Asset Management Group.

Since then, he has gradually assumed various positions and assumed more and more responsibilities until he was appointed as the vice president of strategic planning of AIG in 2002, senior vice president in 2003, and was appointed as the treasurer and capital market in 2005. Deputy Vice Director.

   is currently the highest person in charge of the Asian region and is stationed in Hong Kong for a long time.

  "Hello, Mr. Schreiber" Wang Guanxi extended his hand enthusiastically.

  Brian Schreiber was also very enthusiastic and shook hands with Wang Guanxi, "Mr. Wang, I didn’t expect you to be so young, hello, nice to meet you"

  The boss behind the black shirt insurance company did not expect to be so young, but he is very courageous!

  Dare to borrow so many shares of Lehman Company to short Lehman Brothers, and the interest is 2% per month, and the interest is $800,000 per day.

  It is calculated that the black shirt insurance company has to pay 6.2 million Hong Kong dollars in interest to AIG every day!

   Very cost-effective!

  He is really satisfied with this business.

  No one doesn’t like adventurous fools!

  A fool to take a risk means to send money.

  This black shirt insurance company will be ruthlessly cut leek!

   Thinking of this, Brian Schreiber felt good in his heart. After drinking several times of tea, he smiled and said: "Mr. Wang, we have a good cooperation and good luck."

  "Lehman Brothers stock may be in a long-term downturn, I hope you can be short for a longer time"

  In his eyes, Lehman Brothers' stock will be in a long-term downturn, and then after the problem is solved, Lehman Brothers' stock price will rise all the way.

  He hopes that Wang Guanxi’s black shirt insurance company can be short for a long time, and then allow AIG Group to earn more interest. Doing a good job is to short for half a year, or even one year.

  If it is a year, it will bring AIG Group $288 million in interest income, which is a performance.

  Wang Guanxi also smiled: "Schreiber, we have a happy cooperation, and we can cooperate more in the future, haha, I will definitely be short for a long time."

  Brian Schreiber is also a fool in Wang Guanxi's eyes, and the black shirt insurance company is just short for a few days.

  Then the stock will be returned to the AIG Group. When Lehman Brothers goes bankrupt, AIG Group will lose everything.

  Do you still want to covet my high interest?

  And after the death of Lehman Brothers, it is AIG's crying and **** tragedy, and the future drama is waiting.

  The two chatted for another half an hour, and then Brian Schreiber left.

  (End of this chapter)