Rebirth of the Financial Crisis Sweeping the World

At 7 o'clock in the evening, in the private club of the financial circle.

Wang Guanxi, Feng Shaokun, Li Guangyu, Wu Zhanhai, Wu Zhankun, Zhang Dexi, Guo Linhai, Chen Tianqing, Zhou Tianjing, Guan Wenwei, Wu Hongsheng and others sat in a circle.

Except for Wang Guanxi, everyone was not particularly happy, and looked a little haggard.

Because everyone present holds a lot of financial assets, and the recent plunge in the financial market has caused a lot of loss in everyone's assets.

At the scene, only Wang Guanxi made money. Everyone was worth much more than Wang Guanxi before, and now Wang Guanxi's worth has also risen.

He made a lot of money shorting China Resources Beer this time.

As Wang Guanxi's securities broker, Feng Shaokun said with a smile: "Let me tell you, if Guanxi shorts that stock, that stock will plummet. If he keeps shorting that stock, that stock will keep falling."

Wang Guanxi shorted BYD Electronics three times before, and this time shorted China Resources Beer three times.

Take a look, now the stock price of BYD Electronics has fallen to 2.00 yuan per share, and the stock price of China Resources Beer has also fallen from position to position.

Wang Guanxi is really amazing, a stock god.

In particular, Zhang Dexi's Catalan auto insurance was sold to Wang Guanxi.

Wu Zhankun couldn't help asking: "Guanxi, are you planning to enter the insurance industry?"

"Well, yes, I plan to buy some insurance companies." Wang Guanxi smiled and said, "Do you have any insurance companies for sale?"

His own funds will be used to short the Hang Seng Index, while the insurance company's funds will be used to short the stocks of Lehman Brothers, American International Group (AIG), Citibank, and Bank of America.

Investing hundreds of millions of funds is simply too little, and more funds are needed, and the insurance company has a lot of cash. Unfortunately, the funds of the insurance company have investment restrictions, but it is okay to use them to short stocks.

Feng Shaokun shook his head: "I don't have any insurance companies to sell."

Guo Linhai, Guan Wenwei, Wu Hongsheng, Li Guangyu, and Zhou Tianjing also shook their heads. Insurance companies are very stable and profitable companies. Under normal circumstances, there will be no major losses.

Wang Guanxi said regretfully: "That's really a pity. I am very short of insurance companies now. I still have 300 million funds. I don't know what to use them for."

The stocks that should fall now have almost fallen. Before the global financial tsunami came, there were no stocks to short, and he would use 200 million Hong Kong dollars to short the Hang Seng Index with 100 times leverage from Wing Hang Bank. So there is still 100 million Hong Kong dollars left. He wants to buy a small insurance company, and strive to mobilize more funds to short Lehman Brothers before the financial tsunami, and then short AIG Group, Bank of America, and Citibank.

There are so many opportunities to make money, but there is not enough money. If he has trillions, it will be fun. He will short the stocks of all listed companies in the world.

At this time, Wu Zhankun said with a smile: "My current Wing Lung Insurance has a market value of 2 billion Hong Kong dollars. If you want it, you must prepare at least 2 billion Hong Kong dollars."

Wang Guanxi is only worth 300 million yuan, and he owns 40% of Wing Lung Insurance, which is worth 800 million Hong Kong dollars, not counting other industries. Seeing Wang Guanxi's expansion, he couldn't help pretending in front of this kid. Force it, don't think that you have made a lot of money and are worth 300 million, but you still can't compare with me.

And Chen Tianqing also said: "Guanxi, my Asian financial holding company is also mainly engaged in insurance business.

Now the market value is 4 billion Hong Kong dollars, you have to get more than 4 billion Hong Kong dollars.”

Speaking of which, Chen Tianqing's Asian Financial Holding Company also holds 30% of Wing Lung Insurance, Feng Shaokun holds 40% of Wing Lung Insurance, and IndyMac Bond Management holds 10% of Wing Lung Insurance.

Asia Financial Holdings is also a financial company mainly engaged in insurance business. At present, the two insurance companies have many cooperations.

Thinking of this, Chen Tianqing smiled and said, "Guanxi, why not buy Wing Lung Insurance and Asia Financial Holdings together?"

Wu Zhankun also smiled and said, "Guanxi, whenever you have an idea, call me anytime."

These two were obviously teasing Wang Guanxi. Now Wang Guanxi is not as rich as they are, but when the financial tsunami comes, they will feel better.

At that time, I will swallow your two insurance companies together.

Let you brag in front of Lao Tzu.

Thinking of this, Wang Guanxi smiled and said: "For sure, maybe it will happen in the future."

"Haha, okay, I'll wait for you to buy my company." Wu Zhankun smiled, and said again: "Guanxi, I have some bonds from Wall Street investment banks, do you want them?"

His Wing Lung Insurance holds a large number of stocks of IndyMac Bank, as well as bonds of Wall Street investment banks, all of which are very stable returns. However, there has been very bad news in the United States recently. Gas, China Resources Cement's stock rose to a loss of 400 million Hong Kong dollars, the insurance company was in trouble, and the cash flow was very tight. He hoped to sell some bonds for cash to alleviate the problem of liquidity depletion.

Chen Tianqing also said: "Guanxi, I also have some investment bank bonds and bank stocks, do you want it?"

Wang Guanxi shook his head and said, "No need for this, I'm only interested in insurance companies."

These two guys, they will have a better future, paying back the bonds of Wall Street investment banks, and the stocks of the banks, it is like holding a dynamite bag.

Then everyone drank and chatted. Wang Guanxi also asked the models from Jiyuan Model Company to come and play with them. Because they lost money and needed to release their depression, many people brought their sexy models to the hotel tonight.

At 9:00, Wang Guanxi returned home.

I drank a lot tonight, and my head is a little dizzy.

Take a shower and turn on the news.

This is breaking news of bankruptcy.

【IndyMac Bond Management Co. declared bankruptcy due to huge losses】

Half an hour later, another sudden message came.

【IndyMac Bank suffered a massive run, the stock price plummeted 70%】

IndyMac Bank, the seventh largest mortgage and deposit bank in the United States, suffered a run due to huge losses!

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Two hours later, the share price of IndyMac Bank fell by 95%, and it announced that it had filed for bankruptcy protection!

Now Dimic Bank is the largest savings institution in the history of the United States that went bankrupt under the supervision of the OTS (U.S. Office of Thrift Supervision)!

IndyMac Bank's main business is the securitization of mortgage loans.

Hundreds of people demanded withdrawals outside IndyMac Bank in Southern California as the mortgage-backed securities crisis erupted and banks fell into crisis.

Oh my god, another bank went bankrupt, along with the bank's bond management company.

Many U.S. banks and U.S. bond underwriters have sold toxic subprime bonds all over the world, and there are many buyers in Hong Kong.

I don't know which institutions were cheated this time.

Usually, retail investors don't buy these bonds, they buy the stocks of financial institutions, and these financial institutions buy Wall Street's combined bonds.

Of course, there are pension funds, insurance companies, even sovereign funds, and government departments.

Wall Street's combined bonds are sold to these institutions.

After thinking about it, Wang Guanxi still searched for some news and found that IndyMac Bank and IndyMac Bond Management Company have many clients in Asia.

There are also news reports that IndyMac Bank has a deep cooperation with Wing Lung Insurance, but the specific cooperation does not seem to be announced.

Then I checked the public shareholders of Wing Lung Insurance, a listed company, and found out that there is IndyMac Bond Management Company, which holds 10% of the shares of Wing Lung Insurance.

Now Wu Zhankun will suffer.

Selling 10% of Wing Lung Insurance's shares in the market, I don't know how the stock price will fall.

This Wing Lung Insurance must have bought the bonds of IndyMac Bank, and maybe even bought stocks.

Double negative, this Wing Lung Insurance must not suffer heavy losses.

Shaking his head, Wang Guanxi began to rest.

At this moment, in a villa, after Chen Tianqing saw the news that IndyMac Bank, the seventh largest mortgage loan bank in the United States, went bankrupt, his expression changed drastically. Wing Lung Insurance had bought a large amount of IndyMac Bank stocks and bonds. .

This time, Wing Lung Insurance is about to die, and the stock price will plummet tomorrow.

And his Asian financial holding company holds a 30% stake in Wing Lung Insurance, and this time it will also suffer heavy losses.

"MD, this damn bank!"

But when he thought about it in a blink of an eye, he suddenly showed joy.

Why rejoice?

Because he can take this opportunity to acquire Yonglong Insurance.

Now their Asian Financial Holding Company doesn't have much loss.

He sold the stock frantically first, smashed the stock price of Wing Lung Insurance to the lowest position, and then bought it!

Anyway, Wu Zhankun is doomed this time.

Feng Shaokun holds 40% of the shares of Wing Lung Insurance, and IndyMac Bond Management Company holds 10% of the shares of Wing Lung Insurance. The relationship between the two is very good. They control 50% of the shares and firmly control the company's right to speak. Chen Tianqing's Asia As the second largest shareholder, the insurance company has been helpless!

I wanted to acquire Wing Lung Insurance before, but failed, but this time it will definitely succeed.

Wu Zhankun from Wing Lung Insurance is still sleeping soundly with models in the hotel.

hey-hey.

He vowed to suppress the shares of Wing Lung Insurance Company to the lowest position, so that the cost of swallowing Wing Lung Insurance Company would be much lower.

"Zhan Kun, don't blame my brother for not being sympathetic."

A sinister smile appeared on Chen Tianqing's face.

Then he immediately started calling his friends at the newspaper and asked them to prepare the press release overnight.

Fight to seal the throat of Wing Lung Insurance!

At this moment, in the United States, in the headquarters of IndyMac Bond Management Company, in the office, a middle-aged man stood outside the window with a haggard look.

His name was Annis, and clients called and said they were going to sue him and make him lose money.

There are also customers who say on the phone that they will kill him and tell him to be careful when walking out.

Annis sighed and ordered several operators: "Sell all assets if you can. Tomorrow the Asian stock market will open, and sell all Asian assets."

This time they also cheated a lot of Asian customers. Now they want to sell all their assets to see how much debt they can repay. If they can't, there is no other way.

"Yes, Mr. Annis." Several operators immediately started to act.

At the moment, Wu Zhankun is drinking in the hotel room with his arms around a model from Jiyuan Model Company, who has a good figure and face, and the two are talking about a beautiful life.

Wu Zhanhai drank a glass of wine and asked the female model: "Do you know the meaning of the idiom "Two-pronged approach?"

The female model shook her head to express her ignorance.

At this time Wu Zhankun's phone rang, it was his girlfriend calling, after chatting for a few words, he ended the call, then played the music and danced with the female model.