Rebirth of the Financial Crisis Sweeping the World

  Chapter 228 228 Credit loan 1.5 billion, another 40 million shares!

  At 4:10 in the afternoon, Wang Guanxi received a call from Feng Shaokun and asked him to play billiards and relax.

   So Wang Guanxi came to the snooker club.

  Feng Shaokun, Zhou Tianjing, two of them are here.

  In this afternoon's trading, the Hang Seng Index plummeted 3%, falling from the 19,900 position to the 19,300 position, which made Wang Guanxi a big profit.

  Feng Shaokun congratulated: "Guanxi, this time you won a big win, this Hang Seng Index finally plummeted again during the trading this afternoon."

  Wang Guanxi’s No. 1 fund opened an account at Wing Hang Securities Company, this time because of the introduction of new tax law enforcement regulations.

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

  This caused the Hang Seng Index in the afternoon trading to plummet by 600 points, and Wang Guanxi’s account net value has reached nearly 4 billion Hong Kong dollars.

  In addition, Wang Guanxi’s black shirt hedge fund also shorted New World Development Group and Sino Land Group, the two listed real estate giants, and their stocks also fell a lot.

  Wang Guanxi shorted New World Development Group. Sino Land Group's money was lent to Wang Guanxi by Wing Hang Bank. He was a little worried before, but now he is not worried anymore.

   Zhou Tianjing also said: "Guanxi, you are really amazing. You have been holding a short list of the Hang Seng Index. This time it is 600 million Hong Kong dollars into the account?"

  Several stocks he held recently have been falling, and today they have fallen a lot, and he has lost 40% on his books. It is hard to express how he feels.

  He intends to liquidate his position and forget it, and then go to the mainland to open an entertainment company.

  The location is also selected. Just in Guangzhou, I will partner with friends in Guangzhou. When that time, Wang Guanxi will also come to buy a share, so as to cooperate with GBE Entertainment Group.

  Wang Guanxi smiled and said: "It's okay, so-so, I have made a lot of money recently"

  Currently, the black shirt insurance company is shorting American International Group, the black shirt hedge fund is shorting the stocks of the Huang consortium, the Zheng consortium, and the company's stocks under the Hong Alliance, and the No. 1 fund under the Wang Family Foundation is shorting the Hang Seng Index.

  Now there are more and more floating profits on the book, which makes Wang Guanxi very comfortable.

   Zhou Tianjing said: "I plan to start an entertainment company in Guangzhou with my friends. How about you also invest in it? We can cooperate and develop the market."

  Wang Guanxi smiled and said: "No problem, I will let GBE Film and Television Co., Ltd. become a share of your company at that time."

  The three of them were playing billiards, drinking orange juice, and chatting.

  At this time, six more people came.

"Oh shit!"

   "Huh, I didn't expect the Hang Seng Index to drop so much in the afternoon"

   "Oh, fortunately, we closed the long position of the Hang Seng Index in the morning, otherwise we would be finished this time."

   "Yeah, yeah, but I scared me to death"

   "Hey, if we continue to hold the Hang Seng Index long list, we will be liquidated again in the afternoon trading!"

   "It's lucky, we closed our position early before the Hang Seng Index plummeted!"

  These six people are Lu Jianting, Guan Zhenyi, Lin Jiyang, Chen Peiquan, Cai Manji, and Zhang Renliang!

  The 6-member Kobear International Investment Bank used 100 times leverage to do more on the Hang Seng Index.

  100,000 lots, the position of opening a position is at 20,000.

  This morning, when the Hang Seng Index rushed to the 20070 position, they closed their positions. The average position was around 20,020, and they made 20 million Hong Kong dollars!

  The closing of the position is very timely. If they do not close the position in the morning, the position waiting for the afternoon is liquidation!

  The six people now have a feeling of escaping from the dead.

  Furthermore, when the market was about to close, they bought the bottom of the Hang Seng Index again. Considering the risk issue, this time they just bought the bottom of 50,000 lots.

not much.

  The position of bargain-hunting was just at the lowest point in the afternoon trading, 19280. After they finished bargaining, the Hang Seng Index rose up, but in the afternoon trading, the Hang Seng Index finally closed at 19,300.

  The average position of their 50,000 Hang Seng Index long positions is also exactly 19,300, with a fluctuation of 2.5 million Hong Kong dollars. There is currently no floating loss or floating profit.

  But next week, the Hang Seng Index will definitely rise, because the [10% dividend income tax on H shares] should also be exhausted.

  They are just waiting to collect the money this time.

   "Shaokun, Guanxi, Brother Tianjing, you are all here"

   "Haha, it's just right, everyone should have a good time to learn from each other."

   "Come, come, come, I haven't played snooker for a long time"

   "Have a good time this time!"

  ··

   Then everyone started playing snooker.

  One hour later, Wang Guanxi took a break and opened the news.

  [The U.S. government is considering including the two housing bonds into the federal budget]

  The White House Budget Office and the Treasury Department said that the Bush administration is considering whether to include Fannie Mae and Freddie Mac’s $5.2 trillion in bonds into the federal budget.

  Although the federal government took over Fannie Mae and Freddie Mac on September 7, it failed to resolve the issue of whether the two corporate bonds should be included in the federal budget, and it did not make it clear whether the government would guarantee these bonds.

  U.S. Treasury Secretary Henry Paulson said: “What we should figure out is whether the government will guarantee these bonds?”

  Once the federal government decides to include the two housing bonds in the budget, it means that the government will clearly support the two companies’ bond guarantees totaling US$5.2 trillion.

  This is good news. With the guarantee of the US government, the subordinated bonds of 5.2 trillion US dollars will not default.

  For the global stock market, that's a good thing.

  However, Wang Guanxi knows that this is only guaranteeing the 5.2 trillion bonds of Fannie Mae and Freddie Mac, and there is no guarantee for the subordinated bonds of Lehman Brothers, Merrill Lynch Investment Bank, and Washington Mutual Bank.

  【Washington Mutual Bank is suspected to be the next Lehman Brothers, its stock price fell 93% in a year】

  Washington Mutual, the largest savings bank in the United States, closed down 98 cents on the New York Stock Exchange to close at $2.32, a 30% drop that day, and a 44% drop in the past two trading days.

  The low of $2.3 set in the intraday session also refreshed the company’s stock price low since January 1991.

  Washington Mutual Bank suffered a huge loss of US$3.33 billion in the second quarter, and it is estimated that by 2011, losses from subprime mortgages and other household loans will accumulate to US$19 billion.

  In the past year, the bank’s share price has fallen by 93%.

  This Thursday, Washington Mutual Bank announced that it has reached an agreement with the main regulator, the U.S. Depository Supervision Bureau to strengthen risk management, and the agreement does not require the bank to increase its capital.

  Earlier, Washington Mutual Bank has raised US$7.2 billion from investors including private equity firm TPG.

  $7.2 billion in financing, but it is destined to fail. This Washington Mutual Bank will also go bankrupt in the future.

  Of course, Lehman Brothers went bankrupt and went bankrupt before Washington Mutual Bank went bankrupt.

  Wang Guanxi immediately opened the Lehman Brothers news. He planned to short Lehman Brothers again. Tonight is Friday, and Lehman Brothers will go bankrupt next week. Tonight is a good opportunity to short Lehman Brothers!

  【New Jersey pension fund loses 50 million US dollars from the sale of Lehman stock】

  Lehman Brothers raised $6 billion in funds through the sale of shares in June, when the New Jersey State Pension Fund bought 4.2 million shares of the company’s common stock for approximately $118 million.

  The fund bought Lehman Brothers stock at a price of 28 US dollars, while the average selling price was 19.35 US dollars. The fund still holds $60 million in preferred shares of Lehman Brothers, with a dividend yield of 8.75%.

  Wang Guanxi knows that the remaining 60 million preferred shares will also become waste paper, worthless, and a dividend of 8.75%.

  Not only the dividends will not be available, but the stocks will also be worthless. This New Jersey pension will be lost.

  In the past few months, the New Jersey State Pension Fund has lost $4.4 billion, accounting for approximately 3.1% of its total assets. More than 700,000 American current and retired employees are members of the fund, and they rely on the pension funds issued by the fund for their livelihoods after retirement.

  【Lehman Brothers has started negotiations with potential buyers】

  At present, Lehman Brothers has begun negotiations with potential buyers on the sale of the company because the company’s stock price has plummeted.

   And Moody's Investor Service said that Lehman Brothers must find a "stronger financial partner", otherwise it will lower its credit rating.

  Bankers from other companies are reviewing Lehman Brothers’ books today, but declined to disclose the specific names of potential buyers.

  It is speculated that it may be the Murano Securities Company of Japan Benzene, as well as several major investment banks in Europe.

  At this time, Feng Shaokun, Lu Jianting and others came over.

   "Guanxi, what are you looking at?"

  Wang Guanxi smiled and said, "The news from Lehman Brothers."

  Feng Shaokun: “I don’t know if Lehman Brothers will go bankrupt?”

   "No, it's been 159 years. How could it go bankrupt?" Lu Jianting smiled disapprovingly, and then went to pour coffee.

  Feng Shaokun asked, "Guanxi, what do you think of Lehman Brothers?"

  Wang Guanxi smiled and said: “For now, there are almost no potential acquirers of Lehman Brothers, so Moody's move undoubtedly increases the possibility that Lehman Brothers may sell assets at a very low price.”

   "And the market will not give Lehman Brothers enough time to carry out its plans."

  Feng Shaokun said: “It is rumored that Goldman Sachs is planning to acquire Lehman Brothers. Goldman Sachs still has a lot of business dealings with Lehman Brothers.

  And Kenichi Watanabe, president of Nomura Holdings, Japan’s largest investment bank, also said that Murano Securities Company intends to acquire some shares of Lehman Brothers.

  To be honest, I want to buy Lehman Brothers shares now.”

  Wang Guanxi smiled and said: “Without the support of the Federal Reserve or the Treasury Department, Goldman Sachs will not plan to acquire Lehman Brothers, and Japanese people will not be fools.”

  Feng Shaokun added: “Several large European banks may now try to acquire Lehman Brothers in order to strengthen their business in the US market. Now HSBC Holdings, Europe’s largest bank, seems to be interested in acquiring Lehman Brothers.”

  Last night, the share price of Lehman Brothers in comprehensive trading on the New York Stock Exchange fell by US$2.73 to US$4.52, a decrease of 38%.

  At present, the company's market value has reached about 3.2 billion US dollars, which is very, very low.

  Feng Shaokun really wants to go hunting.

   "Recently, many wealthy people in Hong Kong have bought the Lehman Brothers company, and that Zeng Zhiwei has also gone to the hunt."

  Wang Guanxi smiled and said: "He will be miserable"

  Later, Zeng Zhiwei and his family almost filed for bankruptcy, because they lost their money when they went to buy shares in Lehman Brothers.

  Thinking of this, Wang Guanxi said: "Brother Feng, lend me some more money. I want to empty Lehman Brothers. I will mortgage the Black Shirt Investment Bank to you.

  Also, my No. 1 fund has a floating profit of 3.1 billion Hong Kong dollars now, and there will be more floating profit in the future. You can borrow more money and I will short Lehman Brothers."

  Before, when Wang Guanxi shorted Sino Land Group, a subsidiary of the Huang Consortium, he pledged all the rights and interests in the No. 1 fund trading account, loaned 2 billion Hong Kong dollars, and gave the black shirt hedge fund to short Sino Land Group.

  Now the net value of the trading account has reached 3.9 billion Hong Kong dollars. With the addition of the Black Shirt Investment Bank, it can be mortgaged to Wing Hang Bank and then loan some money, right?

  Feng Shaokun was taken aback, and asked; "How much do you want to borrow?"

  Wang Guanxi said indifferently: "Let’s have a 2 billion Hong Kong dollar, and then I can arrange for someone to borrow Lehman Brothers stock."

  Feng Shaokun thought for a while and said: "I can only lend you 1.2 billion Hong Kong dollars."

  Before, Wang Guanxi mortgaged all the rights and interests of the No. 1 fund trading account and loaned 2 billion Hong Kong dollars to short Sino Land Group.

   Then mortgaged all the rights and interests obtained by the Black Shirt Insurance Company shorting American International Group, and loaned 4 billion Hong Kong dollars to short New World Development Group.

  Now there are 6 billion Hong Kong dollars in loans.

  Moreover, the equity of Wang Guanxi’s No. 1 Fund in the trading account of Wing Hang Securities has been mortgaged.

  Wang Guanxi said, "How about 1.5 billion Hong Kong dollars?"

  Feng Shaokun thought for a while and said, "Well, I will give you another 1.5 billion Hong Kong dollars in credit. You will mortgage the future rights and interests of the Blackshirt Investment Bank and No. 1 Fund to Wing Hang Bank."

  "Okay, we will sign the agreement right away"

   "Let's go!"

  "After this round, let's go ahead" Feng Shaokun lifted his club and planned to continue playing.

  "Borrow money first, don't rush to fight"

   Then Wang Guanxi and Feng Shaokun came to Yongheng Building and signed an agreement.

   Mortgage all future rights and interests of the Black Shirt Investment Bank and the No. 1 Fund Account to Wing Hang Bank, and once again obtained a loan of 1.5 billion Hong Kong dollars.

  The 1.5 billion Hong Kong dollars was injected by Wang Guanxi into the proprietary trading department of Heishan Investment Bank.

  Then Wang Guanxi called Brian Schreiber, head of Asia Pacific of American International Group!

  The last time I shorted Lehman Brothers, I asked about the stock borrowed by American International Group. A total of 100 million shares were borrowed and it earned US$410 million!

   Tasted the great sweetness, this time Wang Guanxi intends to continue to ask Brian Schreiber to borrow Lehman Brothers stock to sell short.

  The call was quickly connected, and Brian Schreiber asked: "Mr. Wang, why did you suddenly think of calling me?"

  Wang Guanxi said straightforwardly: "Mr. Schreiber, I plan to short the shares of Lehman Brothers again, so I plan to borrow shares from AIG Group to go short with you."

  Brian Schreiber politely said: “Mr. Wang, Lehman Brothers is currently in acquisition negotiations, and we can’t borrow your stock to go short.

  Because you are short, it may affect the share price of Lehman Brothers, causing the share price of Lehman Brothers to fall a lot. Although our AIG Group holds Lehman Brothers stock for a long time, we can’t lend it to you now.”

  Now Lehman Brothers is negotiating with various potential buyers, and those buyers may be evaluated based on Lehman Brothers’ stock price.

  Wang Guanxi shorts Lehman Brothers again, it may cause the stock price to fall a lot.

  So this time AIG Group does not intend to borrow Lehman Brothers stock to Wang Guanxi.

  Because after Lehman Brothers is acquired, AIG Group will also sell shares to Lehman Brothers buyers.

  Wang Guanxi said with some regret: "Mr. Schreiber, that’s really a pity, I hope we will continue to cooperate with each other in the future."

  Brian Schreiber smiled and said: "Okay, Mr. Wang, we will continue to cooperate if there is a chance."

   Ending the call, Wang Guanxi sighed: "AIG Group actually dare not lend me stock to short Lehman Brothers."

  This Brian Schreiber is really cautious. Wang Guanxi thought that the wealthy AIG Group would not care about this. He didn't expect it to be too much.

  Then Wang Guanxi came to Wing Lung Building and summoned all the horses from the Black Shirt Investment Bank.

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

  "The U.S. stock market opens tonight. I intend to let the proprietary trading department of the Blackshirt Investment Bank mobilize 1.5 billion Hong Kong dollars to short Lehman Brothers. Go borrow stocks!"

  "Yes, BOSS" everyone hurriedly acted.

   soon discovered that Taifook Securities Co. owns shares of Lehman Brothers.

  So the Black Shirt Investment Bank borrowed shares of Lehman Brothers from Taifook Securities Co. overnight, with a total of 41 million shares worth US$193 million, which is more than HK$1.5 billion.

  The monthly interest is 2%, which is an interest of 30 million Hong Kong dollars per month.

   Wu Zhanhai opened the mouth and said: "BOSS, this Dafu Securities Company is so greedy even when it died, it actually wants us 2% monthly interest."

  Although he was in the Heishan Investment Bank, the Heishan Hedge Fund in the Heishan Insurance Company shorted Taifook Securities. He knew that.

  During this period of time, the Black Shirt Insurance Company has been fighting against the Hong Alliance, the Huang Consortium, and the Zheng Consortium. He is very clear about it. Unfortunately, he has no chance to participate.

  Wang Guanxi smiled faintly, and said: “The death row can eat a good meal before death, so please make Taifook Securities Company happy, and the 2% monthly interest is nothing.”

  This time, Taifook Securities Co. will lose everything, and Lin Yongfu won’t be able to laugh at that time.

  At this moment, at the headquarters of Taifook Securities Company, Lin Yongfu looked out the window with a sneer.

  This time, the Black Shirt Investment Bank asked Taifook Securities to borrow 40 million shares of Lehman Brothers to short Lehman Brothers. It was crazy.

  The stock price of Lehman Brothers is at a historical low. The black shirt investment bank dared to short the market, and it was almost reckless.

   "Hehe, Heishan Insurance Company, Heishan Investment Bank, you are dead!"

  Thinking about his decision to breach the agreement by shorting Lehman Brothers to the Blackshirt Investment Bank and leaked out!

  Although he is now powerless to stop the Black Shirt Investment Bank, the Huang’s consortium and the Zheng consortium can!

  Even doing so, privately disclosed that the Black Shirt Investment Bank shorted Lehman Brothers seriously violated the agreement, but the Black Shirt Investment Bank did not know!

  This black shirt insurance company fought with them and consumed so much money. Everyone wanted each other to die. Now is a good opportunity.

  "Blackshirt Insurance Company, haha, don't blame me"

   "You idiots are dead this time"

  It is estimated that Wing Hang Bank has loaned to Heishan Insurance Company or Heishan Investment Bank again.

  But, it’s just to send money.

  Be sure to seize this opportunity to kill the Heishan Investment Bank!

  As long as the Heishan Investment Bank is killed, the Heishan Insurance Company will not be far away.

  They are in sight!

  Immediately, Lin Yongfu called Huang Zhiyu of the Huang consortium and Zheng Yuanfeng of the Zheng consortium to disclose the news that the Black Shirt Investment Bank shorted Lehman Brothers shares to the two consortiums.

  The financial market is like a battlefield. If you die, I will die. If you kill you, you will not see blood. This time, the Black Shirt Investment Bank will die.

  Then everyone came to the game’s voice room for the convenience of the call.

  Huang Zhiyu asked: "Lao Lin, are you sure that the Black Shirt Investment Bank shorts Lehman Brothers stock?"

  Lin Yongfu said: "It is true, 100%. They borrowed 40 million shares of Lehman Brothers. It is estimated that the US stock market will open short Lehman Brothers tonight!"

Huang Zhiyu was a little surprised and said: "This black shirt insurance company, the black shirt investment bank has a lot of money. Shorting our listed companies has consumed more than 12 billion Hong Kong dollars, right? There are still funds to short Lehman Brothers. !"

  Zheng Yuanfeng also said: "This black shirt investment bank is reckless, and now the share price of Lehman Brothers is in a historical position, it dares to short Lehman Brothers!"

  Lin Yongfu said: “Mr. Huang, Mr. Zheng, this time you continue to mobilize funds, come to the Heishan Investment Bank, and blow up the Heishan Investment Bank.

  At that time, the black shirt insurance company will not be far away. The Black Shirt Investment Bank will short 40 million shares, which is worth 193 million US dollars, which is 1.5 billion Hong Kong dollars. You can mobilize 2 billion Hong Kong dollars in funds."

  Huang Zhiyu sighed; “There is not so much spare funds now”

  Zheng Yuanfeng also said: "Our Zheng family is the same."

   "But we can let our friends Ayala family stop, their bank seems to have bought some shares of Lehman Brothers!"

  Now Huang Zhiyu and Zheng Yuanfeng can't mobilize extra funds to block the Black Shirt Investment Bank, but they can let their friends to block the Black Shirt Investment Bank!

  Huang Zhiyu excitedly said: "The Ayala Consortium in the Philippines?"

  If you mention the Ayala family in the Philippines, it’s definitely a revelation.

This Hispanic family has gone through the colonial period of the Philippines, the Japanese occupation period of World War I and World War II, the founding of independence, and the period of the Marcos dictatorship. In this 187-year history, they have always stood firm. stronger.

  It has a profound influence on Philippine society, and many people even believe that it can influence the country’s political and economic development. The Ayala Group company under the family can be said to be the Philippine version of "Samsung"

  Ayala Group owns the Bank of the Philippine Islands, and the financial company under the Bank of the Philippine Islands is increasing its stake in Lehman Brothers!

  Zheng Yuanfeng said: "Yes, let the securities company under the Bank of the Philippine Islands do the black shirt investment bank!"

  (End of this chapter)