Rebirth of the Financial Crisis Sweeping the World

   Chapter 54 54

  At the moment at St. Paul's Middle School, Wang Guanxi smiled.

  He sold 27.5 million shares of Hengda Auto, but the stock price rose instead of falling. Obviously someone specifically opposed him on Hengda Auto’s stock.

  He thought to himself: "The stock I borrowed was borrowed by Wing Hang Securities from Wing Lung Securities."

   "It must be someone from Wing Lung Securities Co., or a friend of Wing Lung Securities Co., who is stabilizing the stocks of Hengda Motors. Doing it right with me, it is clear that it will drag me to death and collect interest day by day."

  Borrowing stocks to short-selling is to charge interest, which is obviously to play up one's own wool.

   "But it's not in the way, wait and see"

  "Wing Lung Securities, let's go and see!"

  "This time I will lose you"

  The 2750 shares of Hengda Auto that Wang Guanxi shorted were borrowed from Wing Lung Securities through Wing Hang Securities. By then, Hengda Auto’s stock price plummeted, and he was returning the same amount of shares to Wing Lung Securities.

  For example, Wang Guanxi sold 27.5 million shares at 1.20 yuan per share, worth 33 million.

  At that time, when the stock price of Hengda Motors plummets to 0.6 yuan per share, if Wang Guanxi closes his position, it is equivalent to buying 27.5 million shares in the market and returning them to Wing Lung Securities.

  At that time, these 27.5 million shares were only worth HK$16.5 million, and Wing Lung Securities Company would have lost 16.5 million.

  In fact, when Wang Guanxi shorted Hengda Motor’s stock, he was betting against Wing Lung Securities.

  This Wing Lung Securities Company naturally does not want Hengda Auto’s stock price to fall, because if Hengda Auto’s stock price drops sharply, Wing Lung Securities Company will lose a lot of money.

  The interest they collected from Wang Guanxi was not enough to cover.

  If the stock price of Hengda Motors rises sharply, Wing Lung Securities will still charge Wang Guanxi's interest while the stock held by Wing Lung Securities appreciates. Wang Guanxi's wool will be charged. The longer the time delay, the more interest, the more wool will be drawn.

  Wang Guanxi naturally knows the small abacus of Wing Lung Securities.

  Now the stock price of Hengda Auto can be stabilized by your small securities company?

  Wait and see!

  At night, Wang Guanxi watched the news.

  [Fortis Group (Fortis) suffered a huge loss of US$4 billion in U.S. stocks, and its joint venture fund with Bear Stearns Bank went bankrupt, and its stock price plummeted to a record low]

  Fortis Group (Fortis) is an international financial services group active in the world's insurance, banking and investment fields, and one of the largest financial institutions in Europe.

  [Ping An Fund's bottom-hunting Fortis Group lost 700 million euros]

  The Ping An Fund was also entrapped. In the end, it was because of Bear Stearns Bank.

   Although the Bear Stearns Bank was bought by Morgan Bank at the price of cabbage, the shock wave it caused is still fermenting.

  At the moment, Ping An Fund's Hong Kong branch, asset management department, senior vice president Hao Yumao, intends to sell some listed company stock assets to supplement liquid cash.

  They have selected the stocks of several listed companies and plan to sell them on the stock market.

  Includes Hengda Automobile.

   "Mr. Hao, the stock price of Hengda Auto is still rising. Do we want to sell it out?" a trader asked.

  Hao Yumao nodded: “Hengda Auto’s stock price has also come to an end. The auto industry will definitely be sluggish in the second half of this year”

   "Its stock price is still unrealistically high, and it will soon be unsustainable."

  "Start tomorrow, clear its stocks"

  This Hengda Automobile is a company under the Hengda Group. The property prices in the mainland will definitely plummet once this year. Because the real estate in the United States has collapsed, it will soon be transmitted to the world. At that time, Hengda Group will definitely be affected.

  Currently, Ping An Fund holds 500 million shares of Hengda Auto, temporarily worth 650 million Hong Kong dollars.

  "Yes, Mr. Hao"

  Friday, April 4th the next day.

  Hong Kong stock market opened.

  Ping An Fund began to sell Hengda Auto stock.

  1 million shares!

  1 million shares!

  ····

  The stock price of Hengda Auto has continued to fall, and soon the stock price of Hengda Auto has dropped from 1.30 yuan per share to 1.20 yuan per share.

  Hao Yumao ordered: "Half the sales volume"

  500,000 shares!

  500,000 shares!

  ···

  Wang Guanxi of Saint Paul Middle School looked at this scene and smiled.

  There are no floating losses in his account, and he is starting to make a profit.

  He knows that Hengda Auto’s stock price is going to plummet today, and there must be a big institution selling its stock.

  Continue to class.

  ·

  Time passed quickly. At this time, Hengda Auto’s stock price was stabilized at 1.20. Obviously, the institution was increasing its holdings.

  Should be the major shareholders of Hengda Auto, maybe some fund company.

  Hao Yumao: "Increase the selling"

  "Yes, President" everyone started to sell more.

  2 million shares!

  2 million shares!

  ··

  Hengda Auto’s stock price began to plummet after a short period of support!

  After the close in the morning, it fell to 0.70 yuan per share

  This morning, the share price of Hengda Automobile plummeted from 1.30 yuan per share to 0.70 yuan per share, and the stock price plummeted 46%.

  Wang Guanxi was very happy.

  He shorted 27.5 million shares of Hengda Auto, with a position of 1.20 yuan per share and a floating profit of 13.75 million.

  It's so cool.

  Eating lunch at noon, it is very powerful.

  Thinking of Wing Lung Securities Co., Ltd. against itself, now it is estimated to be a miserable loss.

  Wang Guanxi is very proud and cheerful.

Yesterday afternoon, he shorted Hengda Motor’s stock, but was blocked by Wing Lung Securities. They actually pushed up the stock price, causing Wang Guanxi’s account to lose money, and he also wanted Wang Guanxi to lose money every day. Collect interest, shove Wang Guanxi's wool, and it's all right now.

  The stock price plummeted, and Wing Lung Securities did not know how much it lost.

  At this time, his phone rang, and it was Feng Shaokun from Yongheng Securities Company.

   is connected.

  Feng Shaokun congratulated on the phone: "Mr. Wang, you are really a stock god."

  "You shorted Hengda Auto's stock yesterday. Today, Hengda Auto's stock plummeted. OMG, I admire you.”

  Before, Wang Guanxi suddenly asked him to borrow Hengda Motor's stock to short. He was surprised, but for the intermediary fee and commission, he did it anyway. He borrowed Hengda Motor's stock from Wing Lung Securities Company to make Wang Guanxi short.

  Wing Lung Securities Company is also very happy, because short stocks means betting against them. Securities companies have never been afraid of retail investors.

  This is good, the stock price plummeted 46%, and Wing Lung Securities suffered a miserable loss.

  At this time, Wang Guanxiqian smiled and said: “It’s just good luck. When the stock price drops below 0.50 yuan, I will close the position, buy the stock in the market and return it to Wing Lung Securities.”

   "Then Wing Lung Securities Company suffered a miserable loss this time, haha"

  ··

  At this moment, Wing Lung Securities Company, Wu Zhanhai's face is very gloomy.

  They hold 60 million shares of Hengda Auto. In Hengda Auto this morning, they lost 27.6 million on their books!

   is simply annoying him.

"damn it!"

  There must be big institutions selling like crazy!

  He felt very unlucky and encountered such a thing.

  Fun Wang Guanxi's wool failed, but was miserable.

  (End of this chapter)