Rebirth of the Financial Crisis Sweeping the World

  Chapter 248 248 has a floating profit of 8.5 billion and a loss of 52.82 billion!

  As Wang Guanxi wished!

  Hang Seng Index continues to fall!

   fell below the 18000 position!

   Continue to fall!

  One hour later, the Hang Seng Index has fallen from 18,000 to 17,700.

   fell 300 points down.

  Wang Guanxi’s No. 1 fund trading account contains 4,700 points, totaling 4.7 billion Hong Kong dollars, and the net value of the account is as high as 5.3 billion Hong Kong dollars.

   "Continue to fall"

  The Hang Seng Index fluctuated at 17700 for 20 minutes, and then it began to fall again!

  Five minutes later, it fell to 17650!

  Useless to stop, continue to fall!

  Finally closed at 17600!

  Wang Guanxi’s account has a floating profit of 4.8 billion Hong Kong dollars, and the net value of the account has reached 5.4 billion Hong Kong dollars.

  And most of the Hong Kong stocks also kept falling.

  The stock prices of listed companies under the Hong Alliance, the Zheng Consortium, and the Huang Consortium are terrible.

  Black Shirt Insurance Company, everyone watched this scene, and suddenly the joy broke.

   "They are dead this time, haha!"

   "There must be a good show tomorrow"

  "They are completely finished this time"

  "BOSS, they have GG"

  Wang Guanxi smiled faintly: "Count the results"

  "Yes, BOSS" everyone immediately went to count the results achieved today.

   Soon the results were calculated.

  Get a good financial group fell to 1.50 Hong Kong dollars per share, while the black shirt hedge fund shorted 600 million shares, with an average position around 5.00, with a floating profit of 3.5 Hong Kong dollars per share, and a floating profit of 2.1 billion Hong Kong dollars per share for 600 million shares!

  Aeon Credit Co.’s share price fell to HK$3.00 per share, while the black shirt hedge fund shorted 50 million shares, with an average position at 8.00, with a floating profit of HK$5 per share, and 50 million shares was a floating profit of HK$250 million.

  Tafook Securities Company, the stock price fell from 0.30 Hong Kong dollars per share to 0.2 Hong Kong dollars per share!

  Black shirt hedge funds shorted 320 million shares, with an average open position near the 2.50 position, with a floating profit of 2.3 Hong Kong dollars per share, for a total floating profit of 736 million Hong Kong dollars!

  Sino Hotel Group, its share price fell from HK$1.00 to HK$0.6 per share.

  The black shirt hedge fund has 200 million shares, the average price is around 3.50 Hong Kong dollars per share, and the floating profit per share is 2.9 Hong Kong dollars, for a total floating profit of 580 million Hong Kong dollars.

   Sino Land Group’s share price fell to HK$3.00 per share, the black shirt hedge fund shorted 300 million shares, and the position was set at 7.00, with a floating profit of HK$4 per share, for a total floating profit of HK$1.2 billion.

  New World Development Group’s share price fell to 10 Hong Kong dollars per share, while the black shirt hedge fund shorted 100 million shares, with an average position of 40.00 Hong Kong dollars per share, and now has a floating profit of 30 Hong Kong dollars per share, totaling a floating profit of 3 billion Hong Kong dollars.

The stock price of Grand Regal Hotel Group fell to 0.4 Hong Kong dollars per share, and the black shirt hedge fund also shorted 100 million shares. The position was opened at 2.00 Hong Kong dollars per share, with a floating profit of 1.6 Hong Kong dollars per share, and 100 million shares was a floating profit of 160 million Hong Kong dollars. !

   Baipoly Holdings’ stock price fell to 0.2 Hong Kong dollars per share, and the black shirt hedge fund shorted 200 million shares. The position opened at around 1.00 Hong Kong dollars per share, with a floating profit of 0.8 Hong Kong dollars per share, and 200 million shares is a floating profit of 160 million Hong Kong dollars.

  New Century International’s share price fell to 0.2 Hong Kong dollars per share, and the black shirt hedge fund shorted 400 million shares, and the position was opened at 1.00 Hong Kong dollars, with a floating profit of 0.8 Hong Kong dollars per share, and 400 million shares was a floating profit of 320 million Hong Kong dollars.

  It is calculated that the black shirt hedge fund has a floating profit of 8.506 billion Hong Kong dollars on the book.

  The Hong Alliance, the Zheng Consortium, and the Huang Consortium suffered terrible losses!

  Facing the possibility of collapse at any time!

  Everyone thought of the miserable situation of the Zheng’s consortium, the Huang’s consortium, and the Hong’s alliance, and they were immediately delighted.

  At the headquarters of the New World Development Group under the Zheng Consortium, Zheng Yuanfeng looked at the stock price of New World Development Group with a gloomy face. His back was wet. This time the Zheng family suffered a terrible loss.

  He didn’t bother to calculate how much he lost.

  I just know that the market value of New World Development Group is 25 billion Hong Kong dollars, which is 75 billion Hong Kong dollars less than the previous 100 billion.

  He was very, very angry inside!

This time the New World Development Group encountered difficulties, the capital chain was almost broken, and the real estate projects in the mainland suffered huge losses. If it weren't for the war with the black shirt insurance company, it was trapped in the stock market with 8 billion Hong Kong dollars of liquid funds. The Development Group will not come to this point.

  Banks not only don't make loans, they also call for repayment.

   "Damn the black shirt insurance company, I, Zheng Yuanfeng, will definitely dismember you in the future." Zheng Yuanfeng slammed the teacup to the ground fiercely.

  Now the financial crisis is also coming, and the liquidity of the Zheng consortium has been exhausted, and a large amount of assets need to be sold for rescue.

  This is another big loss.

  If Hong Tianwen, Lin Yongfu, Huang Zhiyu and others had not participated in the battle with the black shirt insurance company before, the Zheng consortium would not fall to this point.

  Not only New World Development Group needs capital, Chow Tai Fook Company also needs capital.

  However, a large number of assets of the Zheng consortium have been trapped in real estate and the stock market, which is difficult to realize.

  Especially the real estate projects invested in the mainland. Now the house cannot be sold, the construction fund has to be settled every day, and the income is far less than the expenditure.

  Lack of money!

  But he also doesn’t want to cash out the shares of New World Development Group, because if he sells the shares, it will undoubtedly give a heavy blow to the fragile New World Development Group’s stock price.

  He hopes to finance New World Development Group.

For example, the stock price of New World Development Group is now 10 Hong Kong dollars per share, and New World Development Group is short of 2 billion Hong Kong dollars. If it raises 2 billion Hong Kong dollars with other financial companies, then it will issue 200 million additional shares to these financial companies. It's OK.

  But who will raise money?

Now the media that New World Development Group is bought by the Black Shirt Insurance Company every day have spread rumors that New World Development Group’s capital chain is broken, that New World Development Group’s real estate projects in the Mainland are unfinished, and that New World Development Group defaults on factory payments. Said that the New World Development Group’s house could not be sold...

  "This **** black shirt insurance company!"

   "Paralysed, Huang Shaokai, Zhang Dexi, these two scumbags who have children without assholes!"

  Thinking of Huang Shaokai and Zhang Dexi these two bastards, Zheng Yuanfeng was bizarrely angry.

  "Sue me against the New World Development Group for maliciously spreading rumors and claim 1 billion Hong Kong dollars!"

  The stock price of New World Development Group has fallen so miserably for two reasons. First, the capital chain is scarce and almost broken. The second is that the two executive directors of the Black Shirt Insurance Company have been arranging for the media to spread rumors about New World Development Group.

  "Yes, the chairman" assistant hurriedly arranged a lawyer.

  Hong Kong Sino Group headquarters under the Huang's consortium.

  Huang Zhida, Chairman of Sino Hotels Group, and Huang Zhiyu, Chairman of Hong Kong Sino Hotels Group, also collapsed in their hearts!

  Sino Hotel Group, Sino Land Group, and Sha Tsim Tsui Land Group’s shares fell sharply and suffered extremely heavy losses.

  The assets of the Huang family consortium have shrunk too much recently. As the heir of the Huang family consortium, Huang Zhiyu is bleeding in his heart.

  At this time, a piece of news came out, still a headline.

  [The stock prices of three listed companies under the Hong Kong Sino Group plummeted, and the chain of funds may be broken]

  [It is rumored that the Huang’s consortium consumed 10 billion Hong Kong dollars in cash flow in the battle with the black shirt insurance company and is now facing bankruptcy]

  "This black shirt insurance company is still spreading rumors about us, bastard"

  Huang Zhiyu slapped the table fiercely!

boom!

   "Sue, sue, sue these bastards!"

   "Damn chopsticks!"

  "Go and sue them immediately, kill them, and let them pay 1.5 billion Hong Kong dollars!"

  Before the market value of Sino Land Group exceeded 50 billion Hong Kong dollars, but now there is less than 16 billion Hong Kong dollars left, and it has lost 34 billion Hong Kong dollars, which is simply a blow to him.

  The market value of Tsim Sha Tsui Real Estate Group has shrunk from HK$36.1 billion to HK$18 billion, with a loss of HK$18.1 billion!

  Sino Hotel Group 4 billion Hong Kong dollars, now there is 720 million Hong Kong dollars left.

  In total, it lost 52.82 billion Hong Kong dollars in market value!

   is simply annoying him.

  The assistant hurriedly said: "Chairman, the lawyer team is ready, I will do it now"

  After speaking, the assistant hurriedly left.

  Huang Zhida couldn’t help cursing: “This time we were harmed by Hong Tianwen and Lin Yongfu these two idiots!”

  Before I thought, they were instigated by Hong Tianwen to fight against the black shirt insurance company, saying that they would blow up the black shirt insurance company, split the black shirt insurance company, and make money together.

What now?

The chrysanthemums of the Hong Family Alliance and the Huang Family Consortium were exploded by the Black Shirt Insurance Company.

   is really terrible.

  Thinking of this, he is getting more and more angry and hating!

   "This Hong Tianwen and Lin Yongfu are like pigs!"

  Huang Zhiyu suddenly cursed: "Your TM is also a pig. If you were not instigated by these two pigs to fight against the black shirt insurance company, could our Huang consortium be like this?"

   "True Pig Head!"

  Huang Zhida was immediately scolded by Huang Zhiyu, and his face was ashamed.

  But TM’s, I am a pig head, and your TM’s is also a pig head!

  But now Huang Zhiyu is getting angry, and he does have a lot of responsibility for this matter, so he didn't refute it.

  ·

  At this moment, Hong Tianwen, who has formed a financial conglomerate, has broken heart.

  Now the share price of Get Good Financial Group has fallen to 1.5 Hong Kong dollars per share, leaving a market value of 6.3 billion Hong Kong dollars, which is 14.7 billion Hong Kong dollars less than the previous market value of 21 billion Hong Kong dollars.

  Recently, the losses have been heavy.

  Get a good financial group is indeed facing huge problems, and now he can only rely on the investment of Washington Mutual Bank.

  Geehao Financial Group holds 120 million shares of Washington Mutual Bank, with a position of US$3.5 per share. Now the stock price has fallen to US$2.00 per share, with a loss of US$1.5 per share on the book, a total loss of US$180 million.

Now these 120 million shares of Washington Mutual Bank have been lent to the Black Shirt Investment Bank to short Washington Mutual Bank. Even if Hong Tianwen wants to cut the meat and close the position, he will have to wait for the Black Shirt Investment Bank to liquidate the 120 million shares. Return the stock to him.

  Now Washington Mutual Bank is still in difficult negotiations with buyers. He hopes to obtain a premium purchase so that his well-established financial group will not continue to make huge losses.

   "Hope, a purchase price of $4.00 per share, so that I can make some money back"

   "Oh, this **** black shirt insurance company!"

  He really regrets it now. He had always wanted to blow up the black shirt insurance company Daisy, but now his own Daisy is about to be broken.

  At this moment, Lin Yongfu of Taifook Securities Company was completely desperate. He looked at the stock price chart with a gray face, his back was soaked, and he was obviously scared into a cold sweat before.

  He looked at the ceiling blankly, as if waiting for the trial of fate.

   Taifook Securities Co., whose market value was 5.2 billion Hong Kong dollars before, has now fallen to 0.20 Hong Kong dollars per share. The total share capital is 2.08 billion Hong Kong dollars. The market value is still 416 million Hong Kong dollars, and the market value has shrunk by 4.884 billion Hong Kong dollars.

  What can I say now?

  He extremely regretted fighting against the black shirt insurance company.

  I thought that the black shirt insurance company could easily explode, but I didn’t expect Daifuku Securities Co. to explode.

   "Oh, I shouldn't have listened to Hong Tianwen before. He said that the black shirt insurance company was upset and the cabbage price bought the Black shirt investment bank. Now it is true that Taifook Securities Co. is acquired by the cabbage price."

   "Damn, I'm not reconciled!"

  Lin Yongfu was extremely regretful and slapped himself severely.

Snapped!

  A heavy slap in the face.

  Aeon Credit Company, Yuan Kang was also desperate in his heart.

  The share capital of Aeon Credit Company is 400 million shares. The previous market value was as high as 3.2 billion Hong Kong dollars. Now the stock price has fallen to 2.00 Hong Kong dollars per share, and the market value has left 800 million Hong Kong dollars, which has shrunk 2.4 billion Hong Kong dollars.

  The Yuan family fund suffered heavy losses. He was smoking a cigarette, taking one bite after another.

  This time, Aeon Credit Company is going to be finished.

  I previously loaned Hong Tianwen HK$1 billion, and then Getty Financial Group transferred him HK$300 million, but it was not enough to fill the hole.

  In addition, many of the credit business of Aeon Credit Company have begun to default. It is paralyzed, and it is simply unlucky.

   "Oh, bastard"

   "I knew I shouldn't have participated in it a long time ago, now I will drag the Yuan family into the water"

   "My dad Yuan Zigan is also true, alas!"

   "Grass!"

  As he said, he kicked the table violently.

  The Luo family, Luo Baowen, and Luo Yinghui were completely collapsed.

  I saw Luo Yinghui sitting sluggishly on the sofa and stool, his expression extremely negative, depressed, and his face full of sadness, as if he was a lot older.

  Grand Regal Hotel Group has a total share capital of 800 million. The previous market value was HK$1.6 billion. Now the stock price has fallen to HK$0.4 per share. The market value is still HK$320 million, which has shrunk by HK$1.28 billion.

   Baipoly Holdings, with a total share capital of 1.1 billion shares, the previous market value was 1.1 billion Hong Kong dollars, and now the stock price has fallen to 0.2 Hong Kong dollars per share, and the market value is 220 million Hong Kong dollars, which has shrunk by 880 million Hong Kong dollars.

  New Century International, with a total share capital of 3.2 billion shares, the previous market value of 3.2 billion Hong Kong dollars, now the stock price has fallen to 0.2 Hong Kong dollars per share, the market value is still 640 million Hong Kong dollars, a shrinkage of 2.56 billion Hong Kong dollars.

  A total reduction of 4.72 billion Hong Kong dollars!

"Ruined"

   "Hey, I didn't expect Luo Yinghui to fall to this point!"

  Luo Yinghui sighed deeply, regretting it.

  At this time, the phone rang and it was Luo Yingqiang. Luo Yinghui knew that he was here to ask for money, but he didn't answer it.

  And Luo Baowen's phone also rang, it was Luo Yingkang who called. This is the second uncle, so she answered.

   Still asking for money, but no.

   So Luo Yingkang asked Luo Baowen and Luo Yinghui to sign a contract. The terms were that the company would take it away and the money owed would still be repaid.

  Let Luo Yinghui pay back slowly in the future!

  Luo Baowen cried and didn't know what to say for a while.

   Soon the uncle and the second uncle came here with a lawyer, and then signed a contract, letting Luo Yinghui owe money temporarily, and pay it back when he has the money, and cannot apply for bankruptcy.

  Grand Regal Hotel Group, Baipoly Holding Company, New Century International Company were all taken away.

   Including several companies under the three listed companies whose cash flow had already dried up, they were also taken away.

  Respectively, Regal Industrial Trust Company, Cosmopolitan International Group, Eternal Strategy, Jiahui Investment Holding Company, and China Star Group.

  These five companies are all subsidiaries of Grand Regal Hotel Group, Pak Poly Holdings, New Century International Corporation, or subsidiaries of joint holdings.

  Luo Yingqiang said: "The third child, don't blame me, now the Yingjun Group is also killed by you!"

  Luo Yingkang also said: "This time I loaned you 1.2 billion Hong Kong dollars, which caused a big problem in the cash flow of the Yingjun Group. In addition, the stock price of the Yingjun Group has also plummeted, and the loss is heavy!"

  “This time we also specially borrowed a lot of money from HSBC to save the company”

  “Now we have taken away these eight companies, and they will be subsidiaries of Yingjun Group in the future”

  "You still have a little share"

"So be it"

  Luo Yingkang and Luo Yingqiang did not sympathize with Luo Yinghui at all, and left after speaking.

  For Luo Yinghui and Luo Baowen, this day is an extremely torment, living like a year.

  Time passed in a flash.

  At night, the US stock market opened.

  The stock market plummeted!

   Panic spreads in the market!

  Morgan Stanley fell 24.2% and Goldman Sachs fell 13.9%. Both stocks recorded the largest single-day decline in history.

  【Lest the crisis worsen, the Dow hits a new low in nearly 3 years】

  The tightening of the credit market has strengthened investors’ fears that the financial industry crisis will worsen.

  As of the close, the Standard & Poor's 500 Index fell 57.20 points to close at 1156.39 points, a drop of 4.71%. Financial stocks among S&P's 10 major industry sectors led the decline, with a decline of 9.2%.

The   Nasdaq Composite Index fell 109.05 points to close at 2,098.85 points, a drop of 4.94%. This is the Nasdaq’s first three-digit decline since the September 11 incident in 2001.

  The Dow Jones Industrial Average fell 449.36 points to close at 10609.66 points, the lowest since November 9, 2005, a drop of 4.06%. The Dow fell by more than 800 points this week, or 7%.

  30 Dow component stocks fell across the board.

  American International Group (AIG) led the decline, falling 45.3% to 38 US dollars per share!

  The U.S. government acquired 79.9% of American International Group (AIG), thus actually taking over the company.

  AIG received US$85 billion from the Federal Reserve, but these loans must be repaid within two years. The interest rate is 8.5% higher than the London Interbank Offered Rate (Libor).

  London Interbank Offered Rate is an important indicator of short-term borrowing.

  This is no different from loan sharks. In order to save itself, AIG Group frantically sold assets and paid back loans from the Federal Reserve.

  Washington Mutual Bank’s stock fell to $1.5 per share!

  The Black Shirt Insurance Company shorted AIG, and the Black Shirt Investment Bank shorted Washington Mutual Bank, and the profit on the books continued to increase.

  The floating losses on the books of the Indian Industrial Trust and Investment Bank, the Indian Private Pension, and the Tata Consortium of India are increasing.

  The Indians called and wanted to negotiate with the Black Shirt Insurance Company and the Black Shirt Investment Bank, and settled according to the market price, and everyone closed their positions.

  But it was rejected by the Black Shirt Group.

  Sandep Batra, Ratan Tata and Nehru are very popular!

  "These **** Chinese people"

   "I'm paralyzed, why isn't this Huaxia guy closing the position!"

  "This AIG group has been rescued by the US government and will not go bankrupt. Why are they still not closing their positions?"

  Because the Black Shirt Insurance Company did not liquidate its position, the Indian Industrial Trust and Investment Bank, and the Indian Private Pension Fund could not liquidate its position on the AIG Group.

  The Tata consortium is worried that the stock price will plummet further after the liquidation, and hopes that the black shirt insurance company can liquidate the position first.

  At Washington Mutual Bank, Sundeep Bartra wanted to liquidate his position, but he was worried that the stock price of Washington Mutual would plummet, which would affect the negotiation between Washington Mutual Bank and the buyer.

  Washington Mutual Bank, the largest savings bank in the United States, is actively looking for buyers to avoid the risk of bankruptcy.

  New York Times: Washington Mutual Bank has hired Goldman Sachs and Morgan Stanley to contact potential sellers.

  Wall Street Journal: Wells Fargo, HSBC and JPMorgan Banking Group have expressed interest in acquisitions. It is very likely that JPMorgan Bank is most likely to acquire the bank.

  However, Washington Mutual Bank's major shareholder TPG (Detai Investment) announced that it agreed to the bank to seek new sources of funding, even if this would dilute TPG's equity.

  TPG (De-Pacific Investment) is one of the world's largest private equity investment institutions, managing more than US$100 billion in assets.

  TPG invested US$7 billion in a stake in Washington Mutual Bank 5 months ago. According to the shareholding agreement, if Washington Mutual Bank introduces other major investors or is acquired, TPG will receive hundreds of millions of US dollars in additional compensation.

   TPG gave up this right on the same day, thus removing obstacles to the acquisition.

  Bloomberg: The acquisition of Washington Mutual Bank has long been expected by the industry. The bank suffered a loss of US$6.3 billion last quarter, and it is expected that the write-down of subprime-related assets this quarter will reach US$4.5 billion. The bank predicts that by 2011, the total amount of subprime-related losses will reach US$19 billion.

  Washington Mutual Bank’s stock price has fallen 94% in the past year.

   Rating agencies such as Moody's and Standard & Poor’s this week downgraded the bank’s debt rating to “junk”.

Rene Smith, executive director of the Blackshirt Investment Bank and former president of the investment banking department of Lehman Brothers, claimed: The current balance sheet of Washington Mutual Bank is still not transparent and clear. Unless the bank can fully disclose the subprime-related losses, it will be difficult to find Buyers.

  Sundep Batra couldn’t help but ask: “Do you think this Washington Mutual Bank will be acquired?”

  This black shirt investment bank has shorted Washington Mutual Bank, and now it specializes in negative news. It is really TM's bastard!

   Actually at this critical moment, let the original Lehman Brothers executives speak.

  This time, the Indian Industrial Investment Investment Bank fought against the Black Shirt Investment Bank at Washington Mutual Bank and bought 120 million shares of Washington Mutual Bank, with a position of $3.00 per share.

  Now the stock price has fallen to US$1.50 per share, and there is a loss of US$180 million on the book, which makes him very unhappy.

  Especially now that the global stock market is panicking, whether Washington Mutual Bank can now be acquired at a premium is a problem.

  Before he was very sure that Washington Mutual Bank would be acquired at a high price, but after a press conference by the president of the investment banking department of the Blackshirt Investment Bank, Ryan Smith made Sandep Bartra scared.

  Ratan Tata and Nehru are also worried.

   "I don't know"

   "This AIG Group, Washington Mutual Bank may all go bankrupt, paralyzed!"

  The night was tormenting for the three of them. They tortured all night and couldn't sleep at night. The three of them rested the next morning.

  (End of this chapter)