Rebirth of the Financial Crisis Sweeping the World

Chapter 171: 171 Assets surge to 1 billion cash flow!

Next, Wang Guanxi carefully checked the details of the 3.95 billion financial assets in the property room.

There is also a large amount of portfolio bonds.

There are still tens of millions of dollars in these bonds, some of which have already defaulted, and their current value is very, very low.

For example, the stock of the Bank of California, as well as the underwritten bonds.

It would have added up to $300 million, but the Bank of California went bankrupt, and now those assets are basically worthless.

There is also $13 million in portfolio bonds that have not yet defaulted.

Mostly Washington Mutual.

Pack it all together and sell it.

Thinking of this, Wang Guanxi turned to Huang Shao and said, "Go to the serial buyer, package and sell all these portfolio bonds, and don't keep any of them."

"Yes, BOSS." Huang Shaokai hurriedly contacted the buyers.

Then Wang Guanxi walked out of the property room and came to the conference room.

Chen Tianqing left, but the executives of Asia Financial Holdings were still there.

Wu Zhankun and others have already fired Jiang Yuhua, Chen Tianqing's lover, the company's secretary and assistant to the chairman.

There are also Chen Tianqing's friends, Sun Liang Lichang and Li Gao Yingyi.

And Chen Tianqing's distant cousin Zhou Shuxian was also fired.

There are currently five executives.

Wang Juehao is the vice president and executive director of Asia Insurance Company. He has extensive experience in the insurance industry and has worked in the company for more than 10 years.

Kawauchi Yuji, graduated from the Faculty of Law of Tokyo Metropolitan University, once worked for Yasuda Fire and Marine Insurance Co., Ltd., and is currently the vice president.

Satoru Ogura, graduated from the Law School of Nagoya University, serves as the general manager of the business department.

Huang Jiajiang, who has more than 25 years of experience in auditing, commercial finance and accounting affairs, is currently the financial director.

Hong Kong Blackshirt Insurance Company and Asia Financial Holding Company will be merged together. Everyone is faced with the problem of whether to stay or not, and everyone looks nervously at this mysterious boss.

Wang Guanxi said lightly: "The four of you are old people in the company, you can stay or leave."

"The treatment remains the same"

"No one leaves, let's all serve as executive directors of the company. In the future, the company will grow bigger and bigger, and you will be used."

"Now go to work"

"yes,

Boss" everyone hurriedly reviewed their positions.

At this moment, the black shirt insurance company also has four more executive directors. These people are all hard-working talents, not bad.

With the gradual expansion of the company's scale, Wang Guanxi needs more horsemen to work.

Then Yin Feihong, the barrister and legal director of Asia Financial Holding Company, came in front of Wang Guanxi.

Wang Guanxi asked: "Lawyer Yin, is the lawsuit still going on?"

This guy has been suing the black shirt insurance company these days, and Wang Guanxi wanted to see him, so he was specially called to the office.

Yin Feihong's forehead was sweating, and he said with an embarrassed smile: "I didn't expect the owner of the company to change so quickly, and now the lawsuit has been withdrawn."

Wang Guanxi smiled: "Take a few of your men to report to the Black Shirt Legal Company, there is a need for people there, and you will be the executive director of the Black Shirt Legal Company in the future, with an annual salary of 750,000, plus bonuses."

"Yes, boss!" After saying a few words, Yin Feihong took several of his subordinates to the Heishan Legal Company to report.

After drinking a cup of tea, Wang Guanxi stood on the 16th floor of Universal Building, overlooking the streets of Central through the floor-to-ceiling windows.

"Asia Financial Holdings has won, and Convoy Global Insurance will be next."

This time, the Asian Financial Holding Company was won. After digesting it, the next step is Convoy Global Insurance Company.

Before the financial tsunami hits, continue to grow the black shirt insurance.

Then sell off all the financial assets of the insurance company, mobilize a large amount of cash flow, and use it to short American banks.

But now is not the time to sell all financial assets, because before the financial tsunami comes, many stocks still have room to rise.

When the stock market opens next Monday, it will be time to exchange shares. At the same time, cash will be mobilized to prepare for the acquisition of Convoy Insurance.

After thinking about it, Wang Guanxi continued to check the financial assets on the balance sheet. Except for the portfolio bonds that were about to be sold, the rest of these financial assets existed in the form of stocks.

There are not only the stocks of listed companies in Hong Kong, but also the stocks of listed companies in Japan, as well as the stocks of listed companies in Singapore and the stocks of listed companies in the United States.

Many insurance companies like to invest in global stocks.

At present, among the listed companies in Hong Kong, Black Shirt Insurance Company holds shares in Penguin Group, BYD Electronics, BYD Auto, CNOOC, Sinopec, and PetroChina.

Among them, BYD Electronics holds a lot, holding 150 million shares, and has lost a lot of money. If the shares of BYD Electronics do not rise, Wang Guanxi will not replace them immediately.

Listed companies in Japan Benzene own shares of Keyence and Sony Group.

Listed companies in Singapore, the stock of DBS Bank, the stock of Singapore Power Group.

Listed companies in the United States include stocks of Citibank, Wells Fargo, and Bank of America Corporation (Bank of America).

If it is all calculated in Hong Kong dollars, it is worth 3.85 billion Hong Kong dollars.

However, it is necessary to exchange shares. Sell the stocks of companies with poor quality and buy stocks of listed companies with good quality.

On Sunday, Huang Shaokai found a buyer, Xie Qinghai, the CEO of Value Partners Group, spent 100 million Hong Kong dollars to buy all the Wall Street portfolio bonds of Blackshirt Insurance Company.

This is really good. It has increased the working capital of the black shirt insurance company by 100 million Hong Kong dollars, and the cash flow has reached 700 million Hong Kong dollars.

In the evening, Xie Qinghai, Huang Shaokai, and Wang Guanxi had dinner together.

Value Partners Group, with a current market capitalization of more than HK$7 billion, manages many client assets, manages assets for clients, and realizes asset preservation.

It is a Hong Kong-based investment holding company principally engaged in asset management business.

Operating through two segments, the asset management segment is engaged in providing investment management services for investment funds and managed accounts, and its management returns are skewed to long-position funds, long-short hedge funds, fixed-income products, exchange-traded funds and quantitative products.

The Small Loan segment is mainly engaged in the small loan business to collect interest income and administrative income.

Xie Qinghai is the chairman and concurrently the CEO of Value Partners Group. This time, he bought the combined bonds of Blackshirt Insurance at a very favorable price. Blackshirt Insurance has a lot of cash, which can be invested in his Value Partners Group and become their customers.

Because the main business of Value Partners Group is asset management, the customers it faces are all financial institutions, insurance companies, pension funds, and rich people, and they manage assets for them.

The behind-the-scenes boss of the black shirt insurance company is so young that even a genius like Xie Qinghai has to look at him differently.

"Mr. Wang, what a hero out of a boy!"

Wang Guanxi said lightly: "Mr. Xie is also a financial legend."

"Haha, I'm overwhelmed." Xie Qinghai said with a smile: "You are destined to be young in the future."

"We can cooperate more in the future. If you have any good assets with stable income, you can sell them to me."

He really likes those bonds with stable income, which are higher than bank interest rates, so he has made money and is worth it.

"Haha, good, we look forward to cooperating with Mr. Xie." Wang Guanxi smiled.

Then the two began to fool each other, Xie Qinghai wanted Wang Guanxi to invest in his company, and Wang Guanxi was fooling Xie Qinghai to use the funds of four people to do the Hang Seng Index.

Wang Guanxi said with a smile: "I just bought the bottom of the Hang Seng Index and made 1.5 billion Hong Kong dollars."

In fact, he made 1.5 billion Hong Kong dollars by short selling, deliberately saying that he has been long the Hang Seng Index in the past few days.

To be honest, he has his eye on Value Partners Group, a well-known asset management company. It is still listed and has been stable. Although the financial tsunami has hit it, it will not let it go bankrupt or have a major crisis. Xie Qinghai It is a very conservative investment, and basically does not invest in stock index futures, these high-risk varieties.

"Oh? So powerful." Xie Qinghai was extremely surprised.

Wang Guanxi smiled and said: "Mr. Xie, your investment is too conservative. If you are more courageous, with your investment level, you will become super rich in minutes."

"Recently, the Hang Seng Index can make money easily"

Recently, the Hang Seng Index has not been able to rise, reaching the position of 21100. Wang Guanxi has already locked up the position. The account holds 10,000 short positions and 10,000 long positions. The floating profit is 1.5 billion Hong Kong dollars. There is no change, and the net value of the account is 1.7 billion. In Hong Kong dollars, he intends to wait until the Hang Seng Index rises to 21,400 to unwind his position and close out 10,000 long positions.

Thinking of this, Wang Guanxi continued to fiddle with how to make big money and quick money.

Xie Qinghai was really moved by what Wang Guanxi said, and his heart was very greedy.

To be honest, his Value Partners Group is a family business that has been in business for many years. It is in the asset management business, helping the rich, insurance companies, pension funds, and these clients manage their assets, and then charge management fees.

At the same time, we also do some private equity and credit business.

To be honest, the company's market value is high, but the company's annual income and dividends to him are not very large.

And a guy like Wang Guanxi, making so much money by playing tricks on the Hang Seng Index, really makes him envious.

Although Wang Guanxi's net worth is not much, less than half of his, but Wang Guanxi is young, energetic and adventurous. He made a fortune so fast and made a lot of money, unlike him who wants to accumulate slowly.

To be honest, he wanted to make a quick buck too.

Chatting and chatting, getting better and better.

After dinner, Xie Qinghai said, "Maybe I should try the Hang Seng Index too."

Wang Guanxi said with a smile: "In the future, I still think that the Hang Seng Index will continue to rise. Even if it plummets for a while, it will eventually go up even more."

Xie Qinghai smiled and said, "I think so too."

Monday, August 18.

The stock market opened and the stock market was rising. At the end of the morning session, the black shirt insurance company emptied all the stocks of Keyence, Sony Group, DBS Bank, and Singapore Power Group, and then converted them into Hong Kong dollars.

In the afternoon, the black shirt insurance company used the funds to buy BYD cars.

The stock market is rising today. Penguin Group, BYD Electronics, BYD Auto, CNOOC, Sinopec, and PetroChina have all risen a lot, which has increased the value of the assets of the black shirt insurance company a lot.

The U.S. stock market opened in the evening, and the stock market was also rising. The black shirt insurance company also liquidated the stocks of Citibank, Wells Fargo, and Bank of America Corporation, and then converted the U.S. dollars into Hong Kong dollars.

On the next day, August 19th, Tuesday, Blackshirt Insurance used the funds to buy shares in HSBC and BYD Auto.

The stock of BYD Auto fell very badly before, falling to just under HK$6.00, but it has rebounded sharply recently, and it has risen to 10 yuan per share.

The stock price of BYD Electronics also rose a lot, among which the black shirt insurance company chased the rise.

This exchange of shares has increased the financial assets of the black shirt insurance company to 4.6 billion Hong Kong dollars.

The total assets are 9.8 billion, the liability reserve is 4.5 billion, the cash flow is 700 million, and the financial assets are 4.6 billion.

Liabilities are 9.2 billion, of which China Merchants Bank loans are 500 million.

Net assets of 600 million.

The stock price has been rising in the past two days, especially the stock price of BYD Auto, which has risen sharply, making the net assets of Heishing Insurance Company as high as 600 million Hong Kong dollars.

Of course, the stock price of BYD Electronics has also risen for two days in a row, reaching 2.00 yuan per share, and the black shirt insurance company holds 150 million shares, worth 300 million Hong Kong dollars.

Wang Guanxi intends to sell the shares of BYD Electronics, but he does not want to sell them in the market, because this will cause the stock price to fall, and it will definitely not sell for 300 million Hong Kong dollars.

So Wang Guanxi called Huang Shaokai and Wang Juehao.

"You go to find a buyer and sell the shares of BYD Electronics at the market price"

"By the way, you can contact the American Fidelity Investment Group"

When Wang Guanxi shorted the shares of BYD Electronics Group before, the Hong Kong branch of Fidelity Investment Group of the United States has been increasing its holdings of BYD Electronics shares in stages.

It's easy to sell them now,

"It's the BOSS." Huang Shaokai and Wang Juehao went to do it immediately.

Over the weekend, Huang Shaokai found a buyer, FMR, the Hong Kong branch of Fidelity Investment Group!

Blackshirt Insurance Company sold all the shares of BYD Electronics at the market price to Fidelity Investment Group of the United States.

Wang Guanxi knew that the stock price of BYD Electronics would continue to fall to a very low position, and then slump for several years, so he sold it.

The US Fidelity Investment Group is also very happy to continue to buy shares of BYD Electronics at this price.

So hit it off!

Si Xiuliang, vice president of FMR Hong Kong Branch, was also happy with this transaction. The 150 million shares saved him from continuing to buy in the stock market, causing the stock price to rise even more and the cost of opening a position increased.

And the black shirt insurance company sold him directly at the market price, which is really good.

300 million Hong Kong dollars is a trivial matter. FMR Hong Kong branch shorted 1 million lots of the Hang Seng Index, and the floating profit exceeded 80 billion Hong Kong dollars. This 300 million Hong Kong dollars is simply a drop in the bucket.

"Mr. Huang, happy cooperation"

"Happy cooperation, Director" Huang Shaokai didn't stay in FMR Hong Kong branch for long, and left.

He returned to the Blackshirt Insurance Company to report the transaction to Wang Guanxi.

"Si Xiuliang?" Wang Guanxi has an impression. Before that, he shorted BYD Electronics three times. Later, Si Xiuliang increased his holdings of BYD Electronics and became a high-ranking receiver.

This time, another 300 million Hong Kong dollars in cash came out.

Today, the cash flow of the Black Shirt Insurance Company is as high as HK$1 billion, and its financial assets have shrunk to HK$4.3 billion.

Great!