Rebirth of the Financial Crisis Sweeping the World

Time passed by, the stock price fell, and gradually fell to the 7.00 position, closing.

The floating loss in Wang Guanxi's account decreased from 57.5 million to 46 million. He felt comforted and looked forward to it.

"MD, wait slowly"

"The bulls in the market are also exhausted, and the US Fidelity Investment Group will not continue to increase its holdings at high levels."

"Those retail investors who are buying bottoms should also close their positions if they make profits."

"Anyway, my financial strength can be considered a small institution, and I must be crippled by retail investors!"

In fact, he wasn't particularly panicked. As long as the stock price of BYD Electronics didn't rise above 10.00, Wang Guanxi wouldn't worry about being liquidated.

In the evening, Wang Guanxi went to the open-air restaurant of the private club.

There are a lot of financial elites here.

In the evening, Wang Guanxi drank alone. Today, he was not in a particularly good mood and was a little depressed.

Feng Shaokun is similar, because a technology company he invested in went bankrupt today, and the 10 million Hong Kong dollars he invested almost lost everything.

"Brother Feng, come drink"

"Okay, drink"

Then the two slammed a few glasses in a row.

At this time, Wu Zhanhai, Hao Yumao, Guo Linhai, Zhang Dexi, Chen Tianqing and others also came, as well as the vice presidents of several financial institutions.

Drinking wine, chatting about international finance, world economy, bragging.

Wu Zhanhai asked, "Guanxi, what happened to shorting BYD Electronics this time?"

He increased his position and bought 3 million shares when the average price was at 4.00. He was really happy. From the highest floating loss of 36 million Hong Kong dollars in his account, to now it is only a floating loss of 6 million Hong Kong dollars.

It's so cool.

Wang Guanxi smiled lightly: "It's okay, it's just tens of millions of floating losses."

At this time, Guo Linhai also came over, and said with a smile: "Guanxi, it's okay, I will definitely fall, I wish you good luck."

"Haha, come on, have a drink"

He also lost a lot before, but he bought 6 million shares at a low position, and now there is a floating profit of 22 million Hong Kong dollars in his account.

"For sure, the stock price of BYD Electronics will inevitably fall below 2 yuan per share in the future, do you believe it or not?" Wang Guanxi raised his wine glass and looked at the two with a smile.

At this time, Hao Yumao also raised his glass and said, "Haha, of course I believe it."

"Come on, drink!"

"drink!"

The three lent their stocks to Wang Guanxi, a total of 23 million shares!

Everyone is betting against each other.

At that time, Wang Guanxi couldn't bear it anymore, and if he closed the short order, he would buy 23 million shares in the market and return them to them.

"I hope the US Fidelity Investment Group will no longer increase its shareholding in BYD Electronics, otherwise Guanxi will feel bad."

Wang Guanxi said with a smile: "Of course not."

"This is the third time I have shorted BYD Electronics"

This is the third time Wang Guanxi has shorted BYD Electronics, so he likes to short BYD, so Guo Linhai said with a smile: "Guanxi, I still have 15 million shares of BYD Auto Group, if you want to short BYD Auto Group, You can come to me to borrow stocks anytime.”

He planned to lend 15 million shares of BYD Auto Group to Wang Guanxi, but Wang Guanxi refused.

···

Everyone was drinking, when the news came.

[Ford, Mercedes-Benz announced a large number of layoffs, the auto industry is facing a severe test]

[U.S. stocks suffer the largest single-day drop in 16 months]

At this moment, the vice president of BYD Auto Group, Hong Kong branch, a man named She Wenju, ordered: "Tomorrow, we will start selling the shares of BYD Electronics and cash out part of the cash."

BYD Auto Group is the largest shareholder of BYD Electronics Group, holding 1.48 billion shares, accounting for 65.7%

Because the company needs cash flow, it sells assets everywhere,

The shares of BYD Electronics also need to sell part of them. They plan to sell 200 million to 400 million shares.

"Yes, Mr. She"

····

At 10:30 in the evening, Wang Guanxi came home reeking of alcohol.

Just entered the house.

"Drinking again?" Mo Yunzhen asked.

"Well, I drank some wine." Wang Guanxi yawned and went to the bathroom.

"I drink every time I go out, and I will drink less in the future." Mo Yunzhen reprimanded: "Make less wine and meat friends."

"Well, I see." Wang Guanxi brushed his teeth and couldn't speak clearly.

Father Wang Junming also instructed: "It's okay to drink and socialize, but never get drunk, you know?"

"Our boss, Zhou Hongqi got drunk a few years ago, signed a contract that was cheated, and suffered a loss of tens of millions."

His boss, Zhou Hongqi, who is also the chairman of Shenfang Industrial Group, signed a cheating contract two years ago because of a wine game. People's contracts lost tens of millions.

"I know" Wang Guanxi nodded, and asked again: "Dad, how is the Shenfang Industrial Group where you work?"

"It's almost finished, but it's still impossible to buy it," Wang Junming said with a smile.

The Lushen Index has fallen to 2975.

Together with his cousin Wei Dezhou, he shorted 120 lots of the Lushen 300 Index. The opening position was at 4070. One point of fluctuation is 36,000 RMB. Now he has a floating profit of 39.42 million RMB, which is nearly 45 million Hong Kong dollars!

This time they are developed.

Although the situation of Shenfang Industrial Group is getting worse and worse, it is heavily in debt, a large number of orders have been canceled, the payment has not been settled, and many workshops have stopped working. Ten thousand for sale, no one wants it!

No one wanted to take over the mess because it would have to pay its debts.

Wang Guanxi smiled and said: "It will be soon, when it goes bankrupt, you can take over."

This Shenfang Industrial Group is doomed to go bankrupt. At that time, it will sell off the company's assets crazily to pay off its debts, but the assets have plummeted, and no one wants them. The employees' wages cannot be paid, and the orders are gone. They are losing money every day. It's almost GG.

Moreover, Zhou Hongqi's personal investment also failed, and he was heavily in debt. Not only the company was completely ruined, but he was also ruined, and he has been down for several years.

"Haha, it depends on the situation, maybe it's really possible." Wang Junming also had some expectations, it was a kind of expectation to turn himself into a boss.

The next day, Friday, June 20, the stock market opened.

The stock of BYD Electronics Group began to fall under the sell-off of BYD Auto.

A large number of selling orders flooded the market.

The bottom-hunting retail investors had been hardened for two rounds before, but this time they could no longer be hardened, and they closed their positions to cash in profits.

In the morning trading, the stock price fell from 7.00 to 5.10!

Wang Guanxi's account has changed from a floating loss of 46 million Hong Kong dollars to a floating loss of 2.3 million Hong Kong dollars.

The situation turned around, it was so refreshing.

"Damn, awesome, it was a false alarm yesterday!"

He clearly remembers that the stock prices of BYD Electronics and BYD Auto Group will fall all the way, so Fidelity Investment Group is not a fool, and will not continue to increase its holdings at a high level!

Wu Zhanhai, Hao Yumao, and Guo Linhai could only watch helplessly, unable to do anything.

The US Fidelity Investment Group did not continue to increase its holdings.