Rebirth of the Financial Crisis Sweeping the World

  Chapter 296 296 Global panic, selling as a father to pay off debts

  The next day, September 30, Tuesday, 7 o'clock in the morning.

The sky is clouded over.

   Then it started to rain heavily.

  Wow!·

  Today’s weather is so bad, and so are people’s moods.

  Last night, the US Congress rejected the $700 billion rescue plan, and the US stock market plummeted.

  The news is full of panic messages.

  [The rescue plan was frustrated, the Dow fell record points]

  Because the House of Representatives rejected the US government’s $700 billion rescue plan.

  US stocks plummeted on Monday.

  The Dow fell by 777.68 points.

  A record for the largest drop in a single day in history!

  Rene Smith, vice president of the Black Shirt Investment Bank: “If the rescue proposal is passed, the uncertainty of the market will definitely decrease.

  The rejection of the proposal has led to a rapid rise in uncertainty and the VIX (market fear index), and a sense of terror has enveloped the market. "

  As of the close, the Dow Jones Industrial Average closed at 10,365 points, a drop of 6.98%.

  The Dow’s single-day drop in points even broke the original record of 684 points set on September 17, 2001 (the first trading day after the September 11 terrorist attacks).

  30 Dow component stocks fell across the board!

  Bank of America Corporation fell 17.6%.

  American Express Bank fell 17.6%.

  As the global financial crisis intensified, the four emergency rescue cases in Europe and the news of Citi’s acquisition of Midland Bank shocked the stock, commodity futures and foreign exchange markets earlier.

  Forcing several central banks to inject hundreds of billions of dollars into the financial system.

After the U.S. House of Representatives rejected the $700 billion rescue plan, the decline in U.S. stocks rapidly expanded.

  Many financial professionals believe that the plan will not prevent the financial crisis from erupting in some other countries.

  Goldman Sachs Bank: Citigroup will acquire the financial business of Wachovia Bank (WB), Citigroup fell 11.9%!

  The Standard & Poor's 500 Index fell 106 points to close at 1,106 points, a drop of 8.8%.

  S&P's 10 major industry sectors declined across the board, led by energy, finance and raw materials sectors.

  The Standard & Poor's 500 Index recorded the largest single-day percentage drop since October 26, 1987.

  Howard Silverblatt, senior index analyst at Standard & Poor's: Standard & Poor's lost $700 billion in market value today.

The   Nasdaq Composite Index fell 199 points to close at 1983 points, a decrease of 9.14%.

  In Europe, the governments of Belgium, the Netherlands, and Luxembourg jointly invested US$164 billion to rescue the Belgian-Dutch Fortis Bank.

  The British government said it would nationalize the mortgage provider Bradford Bentley. Investors and creditors have lost confidence in it.

  The Icelandic government stated that it has acquired a 75% stake in Glitnirhf, the country’s third largest lending bank.

  Several German financial institutions acquired the real estate company HypoRealEstate.

  Wall Street Journal: [New York crude oil futures fell sharply by US$10.52 on Monday to close at US$96.37]

  New York crude oil futures prices fell sharply by more than $10 on Monday.

  The decline is the highest level in nearly seven years.

  Leading copper and corn futures and other commodity futures prices to fall.

  The reason is that the U.S. House of Representatives rejected the 700 billion US dollar rescue plan of the Treasury Department.

  HSBC: For now, the economic outlook can only be described as ‘gloomy’.

  After the financial crisis began to affect Europe, people have to wonder whether the demand for crude oil in Asia can be maintained.

  Zhang Xiaolei, vice president of Standard Chartered Bank: It is estimated that under the influence of the financial crisis, crude oil prices will not be able to maintain triple digits.

  Ville Hess, Vice President of Black Shirt Investment Bank: The reason for the decline in crude oil futures prices is that the economy is very fragile.

  Bloomberg: The Bush Administration Urgently Calls Economic Team to Discuss Countermeasures

  The White House expressed disappointment that the House of Representatives rejected the financial rescue plan.

   Said that President Bush will meet with his economic team to agree on further measures and contact congressional leaders.

  White House Spokesperson Tony Frato: “There is no doubt that the economy is facing a serious crisis and needs to take action.

  Two hours ago, he predicted that the bill would be passed.

  "We are very disappointed with the results. The president will meet with his team tonight to discuss the next steps, and at the same time will keep in touch with congressional leaders."

  Before the vote, Frato said that President Bush, Vice President Dick Cheney and Treasury Secretary Henry Paulson had been in telephone contact with dozens of lawmakers in an attempt to gain their support.

  Before the vote, most members of the Republican Party in the House of Representatives opposed the rescue plan because they believed that it would be excessive government intervention in the market.

  In a crucial vote on Monday, the Bush administration failed to get them to change their positions in time.

  Sing Tao Daily: The global stock market crash is coming

  South China Morning Post: Hong Kong stock market will usher in a tragic plunge today

  Black Shirt Investment Vice President Pastor Brandt: Asian stock markets will usher in a ** drop today

  ···

  Almost all news media are reporting the news that panicked the financial markets.

  Especially the Black Shirt Investment Bank, fearing that the stock market would not collapse, instigated a large number of Black Shirt Investment Bank customers, especially retail investors, to sell stocks frantically at the opening of the market.

  Minghui International Securities Co., Ltd., which had been antagonistic to the Heishan Investment Bank before, was scolded.

   "It's paralyzed, it's over, it's over, I heard a Minghui International Securities analyst said last week that I bought the Hang Seng Index, ah!!!"

  "I'm done too, this time I'm going to lose money to bankruptcy, woohoo"

   "The U.S. stock market crashed, ah, the stock in my hand has lost terribly"

   "I lost a lot of money on US stocks last night, and stayed up all night, just to sell Hong Kong stocks when the Hong Kong stock market opened."

   "TM's, today the Hang Seng Index does not know how many points fell."

   "I will sell the stock at the opening, and no longer hold it"

   "The analysts of Minghui International Securities are really miserable to me, it's really rubbish!"

  "The analyst team of the Black Shirt Investment Bank is still powerful"

   "I should have referred to the opinions of the Black Shirt Investment Bank if I knew it, paralyzed, grassy, ​​what kind of **** Minghui International Securities!"

  ··

  At this moment, Minghui International Securities Co., Ltd. has breakfast, milk, sandwiches, and egg tarts on the table.

  And Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu have no appetite.

  I didn't sleep all night last night, with a sad face and dark circles under the eyes.

  The US White House's $700 billion rescue plan was rejected last night.

  The U.S. stock market fell into shit!

  Today the Hong Kong stock market opened. I don’t know how the Hong Kong stock market fell?

  The four had been drinking tea and smoking in the trading room last night, racking their brains to wonder why the $700 billion rescue plan was finally rejected?

  The four of them really thought about it all night.

  The US$700 billion rescue plan proposed by the Bush administration was rejected in a vote in the US House of Representatives, which was unexpectedly unexpected by the media and shocked the market.

  Bush, Pelosi and other heavyweight Washington politicians have made comments and expressed disappointment.

  However, more people want to know why this rescue plan, which seems to be conducive to stabilizing the US financial situation, was rejected by lawmakers?

   Judging from the voting structure of the House of Representatives today, it is impossible to conclude that this is a dispute between political parties.

  In fact, the revised bailout plan proposed by the Republican Bush administration and negotiated with the top two houses of Congress controlled by the Democrats has been described earlier by Bush and congressional leaders as a feasible plan with great hope for adoption.

  However, where is the problem?

  Zhang Huiming sighed, "Why is this?"

  Qian Mingyuan said fiercely: "TM's, it has been brewing for so long and waiting for so long. I didn't expect this result. I thought that the global stock market was going to skyrocket, and now it's falling like this!"

   Jia Baowei also said angrily: "This time we really killed us, TM. The media news was reported every day before, and I thought it must be passed.

  Unexpectedly, it was rejected in the end.

  Hey, this time we bought 60,000 lots of the Hang Seng Index, it’s over

   Jin Xu said with a worried face: “The Hong Kong stock market opened today, and Hang Seng Bank didn’t know how many points it plummeted? Will we liquidate our positions?”

   Speaking of today’s opening of the Hang Seng Index, the Hang Seng Index will plummet, and everyone is terrified and sweating.

  They bargained 60,000 lots of the Hang Seng Index and opened a position at 17,800. If they dived a few hundred points before the opening, it would be even worse.

"How to do?"

"What should I do?"

  "Call Feroz Sanhavi of the Imperial Bank of India, who is also a major shareholder of Minghui International Securities Co., Ltd., and ask him to inject capital again, so as not to close the account today."

   "Yes, as long as we can carry it today and the account is not liquidated, the Hang Seng Index will surely soar in a few days."

  Next, Zhang Huiming dialed the phone number of Feroz Sanhavi, Asia Pacific President of the Indian Imperial Bank.

  The call was quickly connected, and Zhang Huiming couldn’t wait to say: “Mr. Sanhavi, the US White House’s $700 billion plan was rejected last night.”

  Feroz Sanhavi on the other end of the phone yawned, deliberately pretending to be unaware and asked: "The $700 billion rescue plan was rejected?"

Although Feroz Sanhavi is one of the major shareholders of Minghui International Securities Co., Ltd., it was an agreement to convert debt into shares. To be more specific, when Feroz Sanhavi used to raise privately Financing by means of borrowing.

  Now the office building of Minghui International Securities Co., Ltd. is located on the 15th floor of Wangtian Building. The 16th floor of the property belongs to Feroz Sanhavi.

  Feroz Sanhavi played tricks when financing.

  If the securities company cannot repay the high-interest debt within two months, he will divest and take away the property rights of the 15th and 16th floors.

  If the securities company's self-operated business is doing very well, he will take advantage of the trend to truly buy shares in Minghui International Securities Company.

  This time, Minghui International Securities Co., Ltd. bought 60,000 lots of the Hang Seng Index yesterday.

   Then last night the US White House's $700 billion rescue plan was rejected, and the US stock market plummeted!

  The Hong Kong stock market opened today, and Biding fell horribly!

  And Minghui International Securities Co., Ltd. will inevitably liquidate its position.

  Feroz Sanhavi must be able to take away the property rights of Minghui International Securities Co., Ltd. on the 15th and 16th floors of Wangtian Building, and of course the client assets of Minghui International Securities Co., Ltd.

  He was very excited when he thought of this.

  At this time, Zhang Huiming on the phone said: "Mr. Feroz Sanhavi, because the US stock market has plummeted, the Hong Kong stock market will definitely plummet at the opening today. I hope you can provide some funds to avoid account liquidation."

Feroz Sanhavi smiled, and then said in a very tactful tone: "Mr. Zhang, I have to think about it. After all, I am not a major shareholder in the real sense. You can rest assured that it will be fine if you blow up your position. You will still be famous in the future. As a member of Hui International Securities Company, I can assure you about this. Okay, I'm going to have breakfast."

  When Zhang Huiming heard this, his heart was cold, and after a few words, he ended the call.

  "This Feroz Sanhavi is really a prodigal ambition"

   "I am paralyzed, he just waited for us to liquidate, and then took the property rights of the 15th and 16th floors."

  “There are also client assets of Minghui Securities Company”

   "Oh, this guy was not at ease at the beginning, this TM is really a bastard"

  The four of them were swearing. This Indian was too insidious. He said that he would turn his face, and he planned to take away everything from Minghui International Securities.

  ··

  At this moment, Wang Guanxi is eating breakfast at the Empire Hotel on Hong Kong Island.

  Looking at the stock market panic spreading on the news, a smile filled the corners of his mouth.

  Currently, the No. 1 fund account still holds a short list of 60,000 lots of the Hang Seng Index. The position is opened at 19,950, and a single point of fluctuation is a profit and loss of 3 million Hong Kong dollars.

  Yesterday afternoon, the Hang Seng Index closed at 17,800, and the profit in the No. 1 fund account has reached 6.45 billion Hong Kong dollars.

  The net value of the account is HK$12.95 billion.

   Last night, the US White House's $700 billion rescue plan was rejected. The US stock market fell horribly. Today, the Hong Kong stock market naturally fell into shit.

   "I don't know how many points the Hang Seng Index will plummet today?"

   "I really look forward to it"

  "Now have a breakfast"

   Then Wang Guanxi went to the dining room with joy in his heart and started to eat breakfast.

  The phone vibrated. It was a text message from Lin Xiaoyu.

  Lin Xiaoyu: Good Morning ()

  So the two talked, Lin Xiaoyu said a lot, and there were a lot of trivial things in life.

  For example, when I had dinner last night, I ate a lot of chili, my lips were swollen, and I was bitten by mosquitoes. When I was doing homework, I found my notebook was left at school. I accidentally wrestled while dancing. I caught a bit of cold this morning...

   is very clingy. After chatting for an hour, Wang Guanxi got a little tired and asked: "Xiaoyuer, it's 8:20, won't you go to class this morning?"

  Lin Xiaoyu: "It's holiday, National Day, I haven't gotten up yet"

Then she shrank her body under the quilt, with Shui Lingling's big eyes staring at the screen of the phone. She found that Wang Guanxi had responded very slowly before. She said a few, and he only returned one. Now she urges herself to go to school, and her sensitive eyes are wrapped up. A layer of water mist.

  Didn’t you tell Wang Guanxi before that you have a National Day holiday?

  She was very downhearted. She remembered what Wang Guanxi said. Why did Wang Guanxi not remember what she said last night.

  "Do you not want to chat with me? Right? X﹏X"

  Wang Guanxi replied: "Little Yuer, be good, don’t think too much, today is September 30, you have a holiday today? Didn’t it take place on October 1st?"

  Lin Xiaoyu quickly apologized and said: “Hee, ┭┮﹏┭┮, I was wrong, sorry (＾U＾), you must not be angry”

   shame), I forgot the time, ooh, I'm going to be late"

  She found out that it was really September 30th. She had overslept, and she didn’t know if she was dizzy, so she got up quickly.

  Ending the chat, Wang Guanxi got up and went to the Heishan Investment Bank.

  ··

  At this moment, destroy the Black Shirt League.

  Daoheng Securities Jiao Xiongbing and CLSA’s Adolf Roguli both got up very early.

  Have breakfast in the specially arranged suite of Oriental Mandarin Hotel.

  Jiao Xiongbing said with lingering fear: “The US White House’s $700 billion rescue plan was rejected last night, and the US stock market’s single-day decline was a record.”

   Adolf Rogulli said uneasy: "I don’t know what will happen to the Hang Seng Bank’s stock price when the Hong Kong stock market opens today?"

   Yesterday morning, they spent HK$5 billion to go long Hang Seng Bank. They bought a total of 61 million shares of Hang Seng Bank, with a position of HK$81.96 per share.

   "The support position of Hang Seng Bank's share price is at 80.00 Hong Kong dollars per share. I don't know if Hang Seng Bank's share price will fall below 80.00 Hong Kong dollars per share this time?" Adolf Roguli said with a helpless look.

   Jiao Xiongbing sighed, "Oh, I don’t know, I hope it can be supported at HK$80.00 per share.

  Even if it falls below 80 Hong Kong dollars per share, the position of 70 Hong Kong dollars per share is still very supportive. Don't panic. "

   "This time, the Black Shirt Investment Bank is stunned again, grass!"

  In fact, they didn’t know that Heishan Investment hadn't borrowed the shares of Hang Seng Bank from the Philippine Alaya Consortium at all, and hadn't shorted Hang Seng Bank at all.

  You can only fight with them in the media,

  At this time, Li Songwei from Yiqun Securities, You Zhenxuan from Dongying Securities, Jiang Jiwei from Dali Securities, Yue Runlin from Gaoxin Securities, and Ju Debiao from Fengnian Securities also came for breakfast.

  The five of them are different from Jiao Xiongbing and Adolf Rogulli. They asked the Black Shirt Investment Bank to borrow 200 million shares of Midland Bank to sell short.

  Last night Soros Quantum Fund closed the short list of Midland Bank on a large scale, making Midland Bank’s stock price rise to US$3.00 per share.

  But in the end it fell down, falling to $1.5 per share and closing.

   And they shorted 200 million shares, and their position was at $1.5 per share.

  Now there is no loss on the books, just waiting for the US stock market to open tonight, the stock price continues to fall, or one day Midland Bank goes bankrupt.

  "Mr Jiao, don't panic!"

   "Mr. Adolf Roguli, what is there to be afraid of, the stock price of Hang Seng Bank will not fall by much"

   "Even if the Hang Seng Bank's stock price fell, it quickly rushed up."

   "Yes, there is no need to panic anymore"

  "The Hang Seng Bank is a member of the HSBC Group, and its performance is good."

  The five people comforted Jiao Xiongbing, Adolf Roguli, and then began to talk about the Black Shirt Investment Bank.

  "The Black Shirt Investment Bank is getting bigger and bigger this time"

   "It's paralyzed, how can you kill it?"

   "I can't bear it anymore. The Black Shirt Investment Bank poached a customer with tens of millions of funds from us last night. He still knew me."

  "Grass, one of our IPO business was also snatched by the investment banking department of the Heishan Investment Bank"

   "Don't worry, Midland Bank will definitely hit the Black Shirt Investment Bank this time"

  “And the black shirt insurance company is very at odds with the Indians. Now the seven major financial giants in India are trying to kill the black shirt group in the stock market.”

   "It is rumored that the people in the Black Shirt Group intend to short HSBC, Bank of America, and Wells Fargo, hey, let’s wait for a good show."

  ··

  At this moment, Wang Guanxi and others gathered in the trading room at the headquarters of the Black Shirt Investment Bank.

   Last night, Citibank’s stock price closed at 183 US dollars per share, the No. 2 fund shorted 5 million shares, and the position was opened at 213 US dollars per share, with a floating profit of 150 million US dollars.

  The stock price of Midland Bank closed at US$1.5 per share, and the Black Shirt Investment Bank was over 200 million shares. There was no floating profit or loss on the book, and it was flat.

  While the No. 1 fund is short 60,000 lots of the Hang Seng Index, everyone is waiting for the Hang Seng Index to open today to see how much money can be made.

  Huang Shaokai said excitedly: "This time the U.S. stock market has fallen horribly, the Hang Seng Index must have gapped at the opening today?"

  Zhang Dexi smiled and said: "It will definitely go, usually the US stock market plunges once, and the Hong Kong stock market opens the next day, the Hang Seng Index gaps."

   Wu Zhankun also said: "Yes, it’s an old script."

  Wang Juehao smiled: "The Minghui International Securities Company is completely finished this time. I hope they will liquidate their positions and then acquire them."

  Bai Weiqiang said gloatingly: "They must have lost their debts this time and will be bought by our cabbage price."

  Wu Zhanhai also excitedly said: "I just saw the scolding in the forum of Minghui International Securities.

  Many customers are because Minghui International Securities Co., Ltd. is optimistic that the US White House's $700 billion rescue plan was passed, and then bargained at the stock market.

  The result failed, the stock market plummeted, and the loss was miserable"

  Lu Jianyan smiled and said: "I personally poached one of their major clients, hehe"

  Ryan Smith also said: "One of their IPO business was also intercepted by us."

  Li Guangyu said excitedly: “Just waiting for the opening of the stock market, not only Minghui International Securities, Daoheng Securities, CLSA’s long-term Hang Seng Bank will also lose a lot.”

  Wu Hongsheng also said with great excitement: "This time the Hong Alliance, the Huang Consortium, and the Zheng Consortium will have to suffer too."

  Guan Zhenyi smiled and said; "They are not far from bankruptcy. That Daoheng Securities, CLSA helped the Hong Alliance before, and finally found out that it was just giving away money for nothing."

  Lin Jiyang smiled: “When the Hong Clan’s Alliance is over, the Luo family will also be destroyed, and Luo Baowen, the daughter of the Luo family, will also come to serve as a secretary for the BOSS.”

  Wang Guanxi smiled and said: "What little secretary is not a small secretary, I am not very interested in old women like Luo Baowen. If you are younger, you can still be my female secretary."

  Lu Jianyan smiled and said, "Boss, I heard that Luo Baowen is not old anymore, that is, he is 24 years old."

   Wu Zhanhai also said: "That's right, BOSS, now Luo Yinghui, Luo Baowu and his daughter are finished.

  Under the impact of the financial crisis, the entire Luo family was also heavily in debt. The stock price of listed companies fell into shit. Luo Baowen’s father, Luo Yinghui, may file for bankruptcy, but the creditors are not so easy to let him go.”

   Wu Zhankun also said: “Let Luo Baowen sell her as his father to pay off the debts, and keep working as a secretary for the BOSS, hehe”

   "Let her sell her as a father to pay off the debt, hehe"

   "Her father owes so much money and is completely over!"

  "BOSS, she is your trophy"

   "Her father is in debt, it would be nice to sell her as a father to pay off the debt"

  (End of this chapter)