Rebirth of the Financial Crisis Sweeping the World

  Chapter 227 The 227 Hang Seng Index plummeted and reached a profit of 3.1 billion Hong Kong dollars. The BOSS has a foresight!

  Wang Guanxi said: "Take a short break, then you will focus on the U.S. stock market."

  The short selling ended the three listed companies of the Luo family. The battle between the Black Shirt Insurance Company and the Hong Alliance, the Huang Consortium, and the Zheng Consortium has come to an end for the time being.

  The next focus is the US stock market, and of course the Hang Seng Index.

   "Yes, BOSS!" Everyone was looking forward to it.

  Black Shirt Insurance Company shorted 5 million shares of American International Group. The current floating profit is nearly 500 million U.S. dollars. The position has not been closed yet. What will happen to the U.S. stock market next?

  Then everyone has tea together. The Asian stock market has not yet closed. It has only opened for less than an hour. The current time is 3:05.

  There are 55 minutes before the stock market closes.

  Wang Guanxi opened the Hang Seng Index chart.

At present, the No. 1 hedge fund trading account still holds 20,000 short positions in the Hang Seng Index. The average position of opening positions is 22,400, and one point of fluctuation is a profit or loss of 1 million Hong Kong dollars. The Hang Seng Index is still at 19,900, temporarily floating 2500 points. , The total floating profit is 2.5 billion Hong Kong dollars, and the net account value is 3.3 billion Hong Kong dollars.

  At this time, a heavy news came out.

  【Generally levied 10% dividend income tax on H shares】

  H shares are also called state-owned enterprise shares, which refer to the shares of Chinese-funded enterprises registered in the Mainland and listed in Hong Kong. (It is named H shares because of the Hong Kong English-HongKong initials.)

  H-shares are physical stocks, and the “T+0” delivery system is implemented, and there is no limit on ups and downs.

  Both institutional investors and individual investors in the mainland can invest in H shares, but the sum of the securities account and capital account of individual investors in the mainland must exceed 500,000 yuan.

  【State Enterprise Income Tax Law】and its implementing regulations.

  According to regulations, any stock held in a non-individual name is subject to a 10% corporate income tax when receiving dividends.

China National Petroleum Corporation announces the dividend distribution of H shares: "Any shareholders registered in the name of non-individuals, including shares registered in the name of Hong Kong Securities Clearing Company, other agents or trustees, or other organizations or groups, are deemed to be held by shareholders of non-resident enterprises. Therefore, its due dividends will be deducted from corporate income tax."

  The same wording also appeared in the dividend announcements of 8 H-shares that paid interim dividends, including Ping An Group and Sinopec. The non-individual shareholders of Bank of Communications who paid interim dividends can only get a 10% dividend.

The problem is that despite the large number of individual investors in Hong Kong, most of them invest through securities companies, bank investment accounts and other channels. Even retail accounts opened with Hong Kong Securities Clearing (Nominee) Company’s stocks are still nominally regarded as settlements. Companies held, therefore, do not belong to personal holdings and need to pay 10% income tax.

   is like the last straw that crushes the camel.

  Hang Seng Index suddenly began to plummet!

  It's like a waterfall three thousand feet down!

  In just 15 minutes, the Hang Seng Index plummeted by 300 points, from the 19900 position to the 19600 position!

  Wang Guanxi was overjoyed!

  In an instant, there was a floating profit of 300 million Hong Kong dollars in the account, and now it has a floating profit of 2.8 billion Hong Kong dollars, and the net value of the account is as high as 3.6 billion Hong Kong dollars!

  It's simply not too cool.

  And it's still falling!

  19580

  19560

  19540

  ···

  After half an hour, it fell to the 19400 position.

  Wang Guanxi’s account has a floating profit of HK$3 billion.

   Supported briefly and continued to fall!

  The lowest position dropped to 19280!

  However, at the end of the afternoon, the Hang Seng Index closed at 19300!

  Wang Guanxi’s No. 1 fund account has a floating profit of 3.1 billion Hong Kong dollars, and the net value of the account is as high as 3.9 billion Hong Kong dollars.

  Furthermore, the drop in the Hang Seng Index also drove most Hong Kong stocks to fall across the board!

  This is a great thing for the black shirt insurance company!

  Because the Black Shirt Insurance Company shorted Get Nice Financial Group, Aeon Credit Company, Sino Hotel Group, Sino Land Group, Taifook Securities Company, New World Development Group, Pak Poly Holdings, Grand Regal Hotel Group, New Century International Company.

  The stocks of these listed companies have also been sold off and have fallen a lot.

  Huang Shaokai said with great excitement: "Boss, this time it is God who helped us."

  Wu Zhankun said with excitement: "Haha, Hong Tianwen, Huang Zhida, Huang Zhiyu, Yuan Kang, Lin Yongfu, Zheng Yuanfeng, Luo Yinghui and they are done."

  Zhang Dexi also excitedly said: "H-shares are generally levied on a 10% dividend income tax. This is simply great, God assists."

  Wang Juehao also said: "Haha, this news is really awesome."

  Bai Weiqiang also said: "Hong Kong stocks have fallen miserably this time."

  How powerful is a 10% income tax?

  For example.

HSBC currently holds 9.382 billion shares of Bank of Communications, with an interim dividend of 0.1 yuan per share, an interim dividend of 938 million yuan, 93.8 million tax deductions, nearly 100 million; holding 1.234 billion shares of Ping An Group, a dividend per share of 0.2 yuan, and an interim dividend of 2.47 100 million yuan, 10% tax deduction is 24.68 million yuan; 312 million shares of Huaxia Aluminum are held, with a dividend of 0.0522 yuan per share, a total dividend of 16.29 million yuan, and a tax deduction of 1.63 million.

  Only these 3 H shares, HSBC has more than 120 million yuan in dividends withdrawn!

  From PetroChina, Deutsche Bank will lose more than 51.7 million yuan in receipts, and it will also lose more than 8 million in dividends.

This is only for a few large organizations. For those tens of thousands of nominally "impersonal" shareholders and actual retail investors, the result of the statistics is bound to be a huge number. The 10% “dividend tax” will undoubtedly further aggravate their pessimism about the current bear market.

  Huang Shaokai analyzed: “BOSS, this may become an excuse for crazy selling in the market”

  Looking at the Hang Seng Index chart, he said: “Hong Kong stocks may be caught in a shocking panic selling atmosphere.”

   Indeed, H shares became the target of market vent this afternoon.

  The State-owned Enterprise Index plummeted 439.37 points, a drop of 4.19%!

  Among the 42 constituent stocks of the State-owned Enterprise Index, only 2 rose slightly, while the remaining 40 H-shares fell across the board, and resource stocks, financial stocks, and energy stocks became the targets of liquidation.

Among them, Shanghai Petrochemical fell 8.8%, PetroChina fell 4.44%, Sinopec fell 4.11%, Yanzhou Coal fell 7.48%, Luoyang Molybdenum fell 7.31%, China Shenhua fell 6.38%, China Coal Energy fell 4.84%, and China Merchants Bank fell 5.61%. China Construction Bank fell 3.86%, Bank of Communications fell 3.86%, China Life Insurance 3.65%!

  In fact, not only H shares, but the entire Hong Kong stock market is also sad.

  Among the 43 HSI constituent stocks, only 2 rose and 41 fell. In addition to the above-mentioned sectors, large real estate stocks were not spared.

  For example, Huaxia Overseas, which has always been highly resilient, became the component stock that fell the deepest that day with a drop of 8.82%!

Sino Land Group, a subsidiary of the Wong Consortium, fell 8.3%, falling below a key support position, falling from HK$6.00 per share to HK$5.50 per share. The black shirt hedge fund shorted 300 million shares of Sino Land Group and opened a position. The position is 7.00 Hong Kong dollars per share, with a floating profit of 1.5 Hong Kong dollars per share, for a total floating profit of 450 million Hong Kong dollars.

  Heng Lung Properties fell 5.45%, Henderson Land fell 5.03%, and Cheung Kong Holdings fell 3.95%.

The share price of New World Development Group, a subsidiary of the Zheng Consortium, also fell 8% in the afternoon trading, from HK$38 per share to HK$35 per share. The black shirt hedge fund shorted 100 million shares of New World Development Group, with an average position of 40.00 Hong Kong dollars per share, temporarily floating a profit of 500 million Hong Kong dollars.

   Zhang Dexi said excitedly: “I also really feel that the Hong Kong stock market is already in a panic phase. Investors’ investment sentiment is extremely poor and they have overreacted to bad news. Investors seem to be losing confidence in the Hong Kong market.

   Wu Zhankun also said: "I also feel this way, and I also feel that many funds are fleeing on a large scale!"

   Then he analyzed: "In addition to the continuous setbacks in investor confidence, the mainland real estate sector, financial stocks, infrastructure stocks and other sectors have been washed out recently. Many funds with stock prices pave the way for customers to redeem at the end of September.

Wang Juehao also laughed and said: "Now the global stock market atmosphere has become extremely bleak, and the economic decline of many countries and regions seems to be increasingly uncertain. Therefore, the fund redemption day at the end of the third quarter is likely to be a withdrawal for investors. Last chance"

  Bai Weiqiang also said: “Although there is still some time before the end of September, it is estimated that many hedge fund managers have begun to ship quickly while market liquidity is still in order to prepare for seasonal redemptions.”

  “In important industries such as banking, insurance, real estate, petroleum, metals, etc., as the main market force, it can be seen that selling more, buying less, and shipping crazy”

   "I just read the HSBC Group's survey report on the world's 12 largest fund companies!"

HSBC recently conducted a survey of the fund managers of the 12 largest fund companies in the world. These fund companies include AllianceBernstein, Allianz Asset Management, Baring Asset Management, Deutsche Asset Management, Fidelity Investment Management, Franklin Templeton Asset Management , HSBC Global Investment Management, Invesco Investment Management, Tianda Asset Management, JF Asset Management, Schroder Investment Management and Société Générale Asset Management.

  By the end of the second quarter of this year, the assets under management of these 12 fund companies exceeded US$6.2 trillion, equivalent to 17% of the assets managed by global fund companies.

  The survey results show that most of these fund managers holding a lot of money are not optimistic about the Asia-Pacific stock market in the third quarter, and some have even begun to increase their holdings of cash and bonds.

  "About 44% of fund managers revealed that they will reduce their stock holdings in the third quarter."

  From the distribution of assets under management, 17% of the equity assets of these large funds are in the Asia-Pacific region, of which the Greater China region accounts for 3.5%. Among them, stock assets accounted for 35% of the assets under management. In other words, of the US$6.2 trillion in assets managed by these 12 large fund companies, approximately US$370 billion was invested in the Asia-Pacific stock market, of which more than US$50 billion was invested Greater China.

  According to the data reflected by these fund managers, in the second quarter of this year, funds flowing out of the Asia-Pacific region from these fund predators alone amounted to 32 billion U.S. dollars, of which up to 60 billion U.S. dollars flowed out of the stock market!

  Listening to everyone’s discussion, Wang Guanxi smiled faintly: "This is a good thing for us."

  Huang Shaokai also smiled and said: "BOSS, you told them to sell off the financial assets and real estate of the black shirt insurance company a long time ago. It is simply too far-sighted."

  The black shirt insurance company basically does not have any financial assets. The stocks it originally held are all cleared out, in exchange for a large amount of cash flow, and then go short Lehman Brothers and American International Bank.

  I have to say, how far-sighted BOSS is!

  If it was him, he might not sell assets. When BOSS sold assets at a discount, he still didn't understand it. Now he finally understands that the global stock market will really not be good in the future!

  Wu Zhankun also looked up and said: "Boss, you are really farsighted."

  "It is hard to believe that our black shirt insurance company sold all financial assets at a high price."

If he is still in charge of Wing Lung Insurance Company, then Wing Lung Insurance Company’s assets will only shrink more and more. Fortunately, Wing Lung Insurance Company was acquired by Cathay Insurance early and merged into Black Shirt Insurance Company, and his Wu family He did not continue to support him, otherwise the hole of Wing Lung Insurance Company will become bigger and bigger, and more and more money will be filled.

  Wang Guanxi smiled faintly: “The most important thing now is cash flow. As long as we have enough cash flow, we can buy as many stock assets as we want. In the future, we will have plenty of cash to buy cheap stocks.”

  Think about the future and look forward to it. As soon as the financial tsunami hit, global stock markets have fallen for a few months, and some stocks have been falling for half a year.

  At that time, black shirt insurance companies and black shirt hedge funds could buy a lot of stock assets at low prices, and even buy many listed companies.

For example, this time the Black Shirt Insurance Company short-selling is Get Good Financial Group, Aeon Credit Company, Sino Hotel Group, Sino Land Group, Taifook Securities Company, New World Development Group, Pak Poly Holdings, Grand Regal Hotel Group, New Century International Company !

  The Hong Alliance, the Huang Consortium, and the Zheng Consortium have consumed so much money in the stock market to fight against the black shirt hedge funds. How miserable will they be in the future?

unimaginable!

  Huang’s consortium, Zheng’s consortium may be fine and can tide over the difficulties. After all, the foundation is strong, but the Hong family and the Luo family don’t know about it, and they are likely to go bankrupt.

  At this time, Zhang Dexi said: "Boss, the Luo family must be finished this time. The Grand Regal Hotel will be ours by then."

   Wu Zhankun also said: "At that time, Luo Baowen, the daughter of the Luo family, may have to be a female secretary, haha"

  Wang Guanxi smiled and said: "That Luo Baowen is too old, but if I really become my female secretary, I will still consider it."

  In fact, he didn't want to see Luo Baowen very much. After all, he ran into her leg and bleeds that day, which is quite embarrassing.

  ··

  At this moment, Sino Land Group, Huang Zhida and Huang Zhiyu, both of which are under the Huang family, are not looking good.

  In this afternoon’s trading, Sino Group’s share price fell by 8.3%, from HK$6.00 to HK$5.50.

   "Oh, this TM made the black shirt insurance company laugh!"

"Son of a bitch"

  The New World Development Group under the Zheng family, Zheng Yuanfeng is also angry.

  "Let the black shirt insurance company be proud for a few days now"

  While the headquarters of the Grand Regal Hotel Group, Hong Tianwen, Yuan Kang, Lin Yongfu, Luo Yinghui, and Luo Baowen all looked a little gloomy. The situation is not good for them now.

  Although the stock prices of these listed companies have not fallen much, other Hong Kong stocks have fallen across the board.

  Hong Tianwen comforted: "It's okay, the impact of bad news will soon pass."

  Now Hong Tianwen can only be so comforted.

   Luo Yinghui also said: "I don’t know what will happen next week."

  Luo Baowen anxiously asked: "Will the big fall continue next week?"

  Yuan Kang said: "It should be fine, the stock market will definitely rise next week."

  Lin Yongfu also said: “I think so too. The stock market is going up and down normally, and there are more and more slumping and skyrocketing markets.”

  Everyone comforted each other and continued to maintain their confidence.

  (End of this chapter)