Rebirth of the Financial Crisis Sweeping the World

  Chapter 193 193 dividends of 3.1 billion Hong Kong dollars, borrowed 4 million shares of AIG, 50 million shares of Fannie Mae!

  After finishing the phone call with Brian Schreiber, the global vice president of AIG Group, Wang Guanxi opened the stock chart of American International Group (AIG).

  This time short Lehman Brothers made a profit of 410 million U.S. dollars, and then it is AIG’s turn.

  Brian Schreiber would never have thought that in the blink of an eye, the black shirt insurance company would short American International Group.

  At present, the share price of American International Group is at $360 per share, and it is still rising.

  Wang Guanxi intends to wait for it to rise to $400 per share before shorting it. He clearly remembered that on September 8th, the global financial stocks were rising.

  So we have to wait until Monday, which is the evening of September 8.

   Thinking of this, Wang Guanxi asked Huang Shaokai and others: “How much stock of AIG Group has been borrowed?”

  I'm going to have a big fight on AIG Group soon, I don't know how many shares I borrowed.

  Huang Shaokai hurriedly said: "Chairman, I have received 3 million shares so far."

  The stock price of American International Group (AIG) is now very expensive, 3 million shares, if you consider it at $360 per share, it is also worth 1.08 billion U.S. dollars.

  These 3 million shares come from BlackRock Group, Citibank, and UBS, each with exactly 1 million shares. These 1 million shares are US$360 million based on the current stock price.

  Wang Guanxi said: "Go on borrowing!"

  At present, the cash flow of the black shirt insurance company is as high as 16.1 billion Hong Kong dollars, which is only 3 million shares, which is a little bit less. He needs more stocks. By next Monday, the US stock market will open and short AIG.

  "Yes, BOSS" Huang Shaokai and others went to call again to inquire.

  I soon learned that the Indian Industrial Credit Investment Bank has 1 million shares of AIG Group in its hands!

  The other party also agreed, and the agreement can be signed the next morning.

  At that time, the Hong Kong branch of the Indian Industrial Credit Investment Bank will come to the black shirt insurance company to lie down, or the people from the black shirt insurance company will go there.

  This time we will gather 4 million shares to short AIG Group!

  Wang Guanxi opened the mouth and said: "Let them come over, we won’t go over."

  "Okay, BOSS" Huang Shaokai quickly called.

   Then Wang Guanxi opened the current affairs news.

  [British government releases 1 billion pounds to rescue the property market]

  The British government and real estate developers jointly fund to provide first-time homebuyers with an annual income of less than 60,000 pounds an interest-free loan of up to one-third of the value of the new house, with a term of up to 5 years.

  The government contributes funds to help buyers who have difficulties in repaying their loans, in exchange for part or all of their property rights.

  The government is considering exempting some buyers from stamp duty on real estate transactions.

  "British real estate has also been hit by American real estate!"

   "Speaking of real estate, how can I forget the real estate giant banks in the United States, Fannie Mae and Freddie Mac!"

  Fannie Mae and Freddie Mac are the two largest non-bank housing mortgage companies in the United States.

  Fannie Mae and Freddie Mac were established in 1938 and 1970, respectively, and belong to special financial institutions controlled by private investors but supported by the US government.

  The main business of the two companies is to purchase home mortgage loans from mortgage companies, banks and other lending institutions, and package and sell part of the home mortgage loans to other investors after securitization.

  The mission of Fannie Mae and Freddie Mac is to provide liquidity, stability and purchasing power for the housing market.

  They purchase mortgage loans on the secondary market to form an asset pool, and then issue securities, that is, mortgage-backed securities, to investors in the open market on this basis.

  These two companies provide guarantees for the interest repayment and the principal report based on their securities.

  This secondary mortgage market increases the supply of funds available to mortgage lenders, thereby also increasing the supply of funds available to new home buyers.

  Fannie Mae and Freddie Mac are the main sources of funding for U.S. housing mortgage loans. The total amount of mortgage loans they hold or guarantee is approximately US$5.3 trillion, accounting for almost half of the total U.S. housing mortgage loans.

  Affected by the burst of the US real estate market bubble, Fannie Mae and Freddie Mac have fallen into a full-blown crisis.

  Affected by the U.S. subprime mortgage crisis, the American real estate mortgage giant Fannie Mae suffered a loss of 70 billion U.S. dollars in July 2008.

   And Freddie Mac has a loss of at least $50.1 billion!

  Two mortgage lending giant companies lost more than $120 billion.

  Wang Guanxi remembers that every time, on September 7, that is, the weekend, the US government will announce the takeover of Fannie and Freddie to prevent the default of multi-trillion-dollar mortgage bonds.

   Then on September 8, the share prices of Fannie Mae and Freddie Mac plummeted by 80%, while financial and bank stocks soared!

  And AIG Group’s stock price also soared to more than $400 per share.

  "I will sell vacancies to Limei this Friday, and then short AIG Group next Monday"

  "Fannie Mae’s stock price plummeted by 80%. I closed my position and then shorted AIG Group. It was perfect."

  Thinking of this, Wang Guanxi once again called Huang Shaokai and others, and said: "You go to borrow Fannie Mae's stock, I also want to do the vacant Limei!"

  4 million shares of AIG Group’s shares have been booked, and the black shirt insurance company has to prepare about 1.6 billion US dollars in cash, which is worth 13 billion Hong Kong dollars.

  And the black shirt insurance company has 16.1 billion Hong Kong dollars in cash flow.

  So there is still 3.1 billion Hong Kong dollars left. This 3.1 billion Hong Kong dollars is 400 million US dollars.

   can be used to make vacant rooms Limei.

  Now that Fannie Mae’s stock price is at $7 per share, it can be shorted 50 million shares.

  Thinking of this, Wang Guanxi continued: "Borrow at least 50 million shares of Fannie Mae."

  According to the current market value of Fannie Mae, short 50 million shares is not too small. He hopes to borrow more than 50 million shares.

  "Yes, BOSS" The horses continued to work.

After the horses left, Wang Guanxi stayed for a while and also left the Yonglong Building. He walked on the street, feeling a little hungry.

  So the two found a place to have supper.

  At the roadside stall, there happened to be two middle-aged people eating supper, talking about buying insurance!

  They are all unemployed and cannot afford insurance this month.

  What to do?

  Both of them are very worried.

  "Oh, I just lost my job, our company closed down, and now I can’t find a job"

  "Brother, so do I, I am unemployed, no job, insurance can only be suspended"

  Many of the people eating supper around are unemployed.

  Wang Guanxi’s chopsticks stopped, then got up, bought all the orders of the surrounding guests, spent tens of thousands of yuan, and then returned to the black shirt insurance company.

  Currently, the total assets of the Black Shirt Insurance Company are 27.1 billion, the liability reserve is 11 billion, and the cash flow is 16.1 billion.

  Total liabilities are 24 billion,

  Net assets are 3.1 billion.

  The economy is not good today, and many people are unemployed, especially the customers of the black shirt insurance company. Many of the customers have stopped paying insurance. This shows that the customers are very sad this year.

In order to increase the enthusiasm and confidence of the customers, we will continue to buy insurance from the black shirt insurance company when we have money in the future, to give some hope to the troubled insurance customers, and specially distribute 100 million Hong Kong dollars to the insurance customers. This year will be the whole The only Hong Kong insurance company that pays dividends,

Among the    customers, there are 10,000 people who bought dividend insurance, and each of them received a dividend of 10,000 Hong Kong dollars.

  It's really a conscience insurance company. Customers who buy participating insurance can feel the warmth of the insurance company.

  Dividends to customers are not 70% of net profit, but 70% of distributable profit

  (Distributable surplus = total income of the insurance company-tax cost-operating cost-shareholder income-salesperson commission, etc.)

  Distributable surplus ≠ insurance company profit.

For example, if a company earns 100 million yuan, after deducting 30 million yuan in daily costs, there is still 70 million yuan, and then shareholder dividends can be 50 million or 60 million, and the remaining 70% will be distributed to customers, but shareholder dividends may also be 70 million. It is theoretically possible to not give customers a penny! !

This time sent warmth to 10,000 people, 10,000 Hong Kong dollars per person, which will make the Hong Kong Black Shirt Insurance Group famous, and the performance of other insurance groups is unsightly. In the future, Hong Kong Black Shirt Insurance will attract a large number of customers. People transferred to insure.

  The parent company, Heishirt Capital Holding Group, as a shareholder, will receive a dividend of 3 billion.

  After dividends, the total assets of the black shirt insurance company are total assets of 24 billion, liability reserves of 11 billion, and cash flow of 13 billion.

  Total liabilities are 24 billion,

  Net assets 0.

  The 13 billion Hong Kong dollars will be used to short AIG Group.

  The Hong Kong Black Shirt Insurance Company’s parent company, Black Shirt Capital Holdings Group (Black Shirt Group), has a profit of HK$3 billion.

  This 3 billion Hong Kong dollars was injected by Wang Guanxi into the black shirt hedge fund of the Heishan Group, and the 3 billion Hong Kong dollars will be used to make available rooms for Limei!

  The following day, on the morning of September 4, the 10,000 customers of the black shirt insurance company each received a dividend of 10,000 Hong Kong dollars, and they were so happy.

  "This is simply a conscience insurance company, I rely on it, I just bought a dividend insurance of 20,000, and actually gave me a dividend of 10,000, which is simply too conscience."

   "I just lost my job, and actually got a dividend of 10,000 Hong Kong dollars, this insurance is really good."

  "This insurance is right"

   "I saw a lot of negative news about black shirt insurance companies before, but I actually believed it"

  "Conscience Insurance Company"

   "I bought 15,000 dividend insurance, and I actually gave 10,000 dividends. I rely on it, and I made a lot of money."

  "Well, there was a lot of news about the black shirt insurance company before. I heard that many people are surrendering the insurance, saying that the insurance company has a dark heart, falsified properties, and manipulates the stock price to pit stockholders. But now it looks good!

  Because of the establishment of the financial group, the Galaxy Entertainment Group has been creating negative news for the black shirt insurance company all day long, all kinds of prosecutions, class actions, the reputation of the black shirt insurance company has been very bad, and now it has changed.

  ··

  The black shirt insurance company was also rectified in the news media this time!

  [Conscience Insurance Company has distributed 100 million Hong Kong dollars to insurance customers! 】

  [Some citizens bought the 10,000 dividend insurance from the Black Shirt Insurance Company, and they received 10,000 dividends! 】

  Recently, many companies are losing money, many companies have closed down, and many insurance companies are losing money.

  But the notorious black shirt insurance company actually took out 100 million Hong Kong dollars to pay dividends, which is simply impressive, this is too unexpected.

  None of Wang Guanxi’s business, he has been paying attention to current political news and the financial situation in the United States.

At 12:30 noon, he opened the Hang Seng Index chart. The Hang Seng Index is currently at 19,900. Wang Guanxi holds 20,000 lots in his account. The average position is 22,400, with a floating profit of 2500 points and a floating profit of 25. Billion Hong Kong dollars, the net account value has reached 3.3 billion Hong Kong dollars.

  "Not bad"

  Although the Hang Seng Index has risen and fallen recently, the floating profit has still increased by 100 million Hong Kong dollars.

  Fortunately, the Heishan Insurance Company is very profitable. It distributed a dividend of 3 billion Hong Kong dollars to the parent company Heishan Group in one go. In the future, there is no need for Wang Guanxi to inject capital into it.

  Originally, Wang Guanxi thought that he could only earn tens of billions of Hong Kong dollars by operating the Hang Seng Index. He did not expect to own a black shirt insurance company, which allowed him to make more money in the financial crisis.

  Because the cash flow of the black shirt insurance company is still 13 billion Hong Kong dollars, although it is not Wang Guanxi’s money, Wang Guanxi can use it to make money.

  The money earned, that is, the net profit, can be paid for the part that exceeds the net assets. Now, the dividend has just been distributed once. The net assets of the black shirt insurance company are 0, but this time the short-selling of the AIG Group can be used for dividends.

  Wang Guanxi has the final say on how much dividends will be paid to shareholders. He will pay as many dividends as he wants.

Time passed slowly. At 2 pm, Wang Guanxi’s horses borrowed 1 million shares of American International Group from the Indian Industrial Credit Investment Bank, plus previously borrowed from Ryder Group, Citibank, and UBS. 3 million shares, a total of 4 million shares.

  Calculated according to the value of 1.6 billion US dollars, the daily interest is as high as 800,000 US dollars.

   Then Wang Guanxi converted the 13 billion Hong Kong dollars in the black shirt insurance company into US dollars, totaling 1.677 billion US dollars. The market will open next Monday night, that is, on the evening of September 8, short American International Group,

  At 3 o'clock in the afternoon, Wang Guanxi’s horses borrowed another 50 million shares of Fannie Mae.

  Borrowed 2 million shares from Credit Suisse Group, 4 million shares from Morgan Stanley Bank, 4 million shares from Goldman Sachs Bank, and 40 million shares from the Industrial Credit Investment Bank of India.

  Wang Guanxi did not expect that the Indian Industrial Credit Investment Bank not only owns the stock of AIG Group, but also owns the stock of Fannie Mae. It's good, this time it will lose you.

  In the future, AIG Group, Fannie Mae, and Freddie Mac will all be taken over by the US government. That stock price cannot bear to look directly at it.

  The 50 million shares of Fannie Mae were handed over to the black shirt hedge fund.

  Currently, the Heishan Group owns Hong Kong Heishan Insurance Company, Heishan Legal Company, Heishan Investment Bank, and Heishan Hedge Fund.

  This black shirt hedge fund is temporarily placed in the headquarters of the black shirt insurance company, but it is independent of the black shirt insurance company.

  It is a company under the Heishan Group. Like the Heishan Insurance Company, it is a subsidiary of the Heishan Group.

  At present, Wang Guanxi’s black shirt consortium has taken shape. In the future, there will be three major cores, the black shirt insurance company, the black shirt investment bank, and the black shirt hedge fund.

  At present, the black shirt hedge fund is just a shell and has no employees, but let the executive directors of the black shirt insurance company temporarily serve as employees.

   Then he opened the stock chart of Fannie Mae. Last night, Fannie Mae’s stock price closed at $7.60.

   "You can go short tonight, you don't need to wait until tomorrow night"

  At this time, Ma Tsai Huang Shaokai walked into the office and said to Wang Guanxi: “BOSS, the Asia Pacific President of the Indian Industrial Credit Investment Bank Sundup Batra wants to cooperate with us!”

  (End of this chapter)