Rebirth of the Financial Crisis Sweeping the World

Chapter 427 42740 billion fund bargain hunting!

The settlement price is 40 Hong Kong dollars per share, and when the price is 30 Hong Kong dollars per share, it is bought back. The difference is 10 Hong Kong dollars, and the loss per share is 10 Hong Kong dollars less.

Bill Miller thought about it carefully and said, "Mr. Wang, your suggestion is actually good. I will buy it back when it drops to HK$30 per share. Then let's settle it at the price of HK$40 per share!"

In fact, his Legg Mason Group is also short of money now.

It was originally planned to sell off some Asian assets, and HSBC was also in a huge crisis. The stock price would not be good in the next five years. It would be good to sell it now.

If the stock price drops too low, for example, below HK$30 per share, he can just buy it back.

"OK!" Wang Guanxi was very excited, not to mention overjoyed. After clearing the short positions of HSBC, he also planned to let Black Shirt Insurance Company use huge funds to buy HSBC at the bottom.

The stock price of HSBC Bank may fall to less than 30 Hong Kong dollars per share.

Blackshirt Insurance Company's lawyers then went to Legg Mason's Asia-Pacific branch, where they settled the shares and paid interest.

This time, Blackshirt Investment Insurance Company gained HK$20.8 billion.

And for borrowing those 260 million HSBC shares for shorting, the monthly interest is HK$390 million!

It was October 1, 2008, and now it is the bottom in February 2009.

In the past five months, nearly HK$2 billion in interest has been paid, which adds up to a net profit of HK$18.8 billion.

The principal is HK$26.4 billion, and the total is HK$45.2 billion.

This is the cash flow of Blackshirt Insurance Company.

Blackshirt Insurance Company has total assets of 65.2 billion, liability reserves of 14 billion, financial assets of HK$6 billion, and cash flow of HK$45.2 billion.

Total liabilities 34 billion

Net assets 31.2 billion

Among them, financial assets include:

200 million shares of China Resources Beer Group, priced at HK$6.5 per share, valued at 1.3 billion.

300 million shares of Mengniu Dairy Group, priced at HK$3 per share, worth 900 million.

200 million shares of Tsingtao Beer. The current share price of Tsingtao Beer Group is HK$12 per share, worth HK$2.4 billion.

800 million shares of Uni-President Group, priced at HK$1.5 per share, worth 1.2 billion.

100 million shares of Vitasoy International, priced at HK$2 per share, worth 200 million.

Total stock assets of HK$6 billion.

"The current cash flow of Black Shirt Insurance Company is as high as 45.2 billion Hong Kong dollars. We can't sit idle and buy HSBC at the bottom."

"It's evening in the United States now, but it's morning in Hong Kong, and the Hong Kong stock market will open soon!"

"By the way, Raju Shroff from Indian Overseas Bank previously blocked me from shorting HSBC. Raju Shroff must still hold a large number of HSBC shares. I just want to buy them directly from him!"

Wang Guanxi immediately called Raju Shroff of Indian Overseas Bank, but no one answered.

Wang Guanxi drinks a cup of coffee first.

··

It is still morning in Hong Kong at this moment, and there is a small Indian restaurant near the Central MTR station.

Raju Shroff of Indian Overseas Bank, Nehru of Indian Private Pension Fund, and Sandeep Batra of Industrial Trust and Investment Bank of India were having breakfast.

Rajushlov raised his big red glasses and said: "Then the Chinese bastard went to the United States. Not only did he become the largest farmer in Ohio, he also acquired three banks and two large real companies. He seems to be doing well."

Nehru said with disdain: "Huntington Bank, Fifth Third Bank, Silicon Valley Bank, Macy's Department Store, and Ford Motor Company are all in crisis, especially Macy's Department Store and Ford Motor Company. They may be in economic crisis at any time. If it goes bankrupt, the Chinese dog’s life will be at risk!”

Sandeep Batra also echoed: "Yes, Macy's department store is heavily in debt, and Ford Motor Company is even more insolvent, with debts of US$236.8 billion, and will go bankrupt at any time. That little Chinese bastard is asking its banks to Loaning US$1.5 billion to Macy’s, US$4 billion to Ford Motor Company, and spending US$2.7 billion to buy Ford Motor Company at a low price is just crazy!”

Raju Shroff chuckled: "The economic crisis is very serious now. The banks and real companies in China will definitely go bankrupt. Especially Ford Motor Company is a bottomless pit. How much money Wang Guanxi has is not enough to fill this bottomless pit. , I hope he keeps filling in money and then loses miserably, and in the end he can only be a farmer in Ohio."

Nehru laughed and said, "I hope so. Macy's Department Store and Ford Motor Company have so many employees and so many mouths to feed. In the economic crisis, the revenue cannot keep up with the expenditure. Macy's Department Store, Ford Motor Company will definitely go bankrupt, I heard Ratan Tata say that Ford Motor Company will not survive until July this year!”

Sandeep Batra: "Ford Motor Company has a debt of US$236.8 billion, and the interest will crush everything. It makes sense for Ratan Tata to say that Ford Motor Company will not survive until July this year. This Chinese little bastard I’m about to fall into the quagmire and be unable to extricate myself.”

Nehru echoed: "Yes, Ford Motor Company is a super bottomless pit. It will be fun to lose tens of billions of dollars every year. This silly Chinese dog fell into a huge pit and couldn't climb out."

Sandeep Batra: "That's right. This little Chinese bastard thought he had made some money in the financial market and went to play in the automobile industry and retail industry. He simply has no idea what business is! Just a moment No one with any sense would buy Macy’s or Ford Motor Company!”

Nehru continued to echo: "Yes, this stupid Chinese dog doesn't understand what business is at all. He made random acquisitions and now he has fallen into a trap. I heard Ratan Tata say that Wang Guanxi settled the short position in HSBC Bank in Hong Kong." List, I guess Wang Guanxi must be short of money!"

Raju Shroff gently took off his big red sunglasses and said: "She must be short of money. Wang Guanxi is in a hurry to clear the short orders on HSBC, so he probably used them to fill the hole."

Indian Overseas Bank had a big fight when it blocked Wang Guanxi from shorting HSBC in early October last year.

As a result, they were trapped.

HSBC’s share price has hit all-time lows.

Indian Overseas Bank holds 300 million shares of HSBC Hong Kong, with a position of HK$120.00 per share, and a floating loss of HK$80 per share, for a total floating loss of HK$24 billion.

"Alas, the stock price of HSBC Hong Kong is falling continuously, and I don't know when it will stop!"

Sandeep Batra also sighed: "Now the stock prices of Citibank, Wells Fargo, and Bank of America are falling non-stop, and we have suffered heavy losses."

Nehru: “I don’t know when it will hit the bottom, and this guy Wang Guanxi will make a lot of money!”

Raju Shroff: "This Chinese bastard must be very proud. Our Indian Overseas Bank has suffered heavy losses from HSBC. HSBC may not even pay dividends this year."

At this time Sandeep Batra asked: "Are you planning to sell HSBC shares?"

Raju Shroff shook his head: "I have no plans for the time being, but I will consider selling some! The economic crisis is very serious now, and the international business of Indian Overseas Bank has also been affected, and we need to cash out some cash!"

Nehru: "HSBC's stock price will definitely fall below HK$30 per share. You'd better make plans early."

Sandeep Batra: "Yeah, sell it early now. Later, when HSBC's stock price drops to HK$20 per share, you can buy the bottom again. When HSBC's stock price reaches HK$60 per share, you can make back the money you lost." came back."

Rajushlov sighed: "It does make sense. The current floating loss of HK$24 billion on the books really makes me very uncomfortable. If the share price of HSBC really drops to HK$20 per share, I will buy the bottom with HK$12 billion. When its stock price reaches 60 Hong Kong dollars per share in the future, I will almost make back the 24 billion Hong Kong dollars I lost."

In fact, he was worried that HSBC's stock would continue to fall, falling to HK$20 per share, and he would suffer more and more profit losses on his books.

Even if the stock price of HSBC reaches more than HK$60 per share in the future, Indian Overseas Bank will still have heavy losses on its books.

Now, if you sell the stock and wait until the stock price of HSBC drops to HK$20 per share and then buy the bottom, you can make back the money you lost.

At this time, the assistant came over and handed over the mobile phone: "President, the phone number of the boss of Blackshirt Group!"

"This little Chinese brat actually took the initiative to call me?" Raju Shroff thought for a moment and answered the call. He changed his tone and asked, "Mr. Wang, what do you want from me?"

Wang Guanxi said straight to the point: "Mr. Raju Shroff, I plan to buy the HSBC shares of your Indian Overseas Bank. Are you interested in selling them to me?"

Rajushlov was shocked and asked: "Wang Guanxi, are you planning to buy HSBC at the bottom?"

Wang Guanxi asked: "Isn't it possible?"

Raju Shroff chuckled: "To be honest, I was planning to sell HSBC shares, but I didn't expect you to come to buy HSBC at the bottom. You spent so much money on Macy's Department Store and Ford Motor Company. You are really rich." ah"

Wang Guanxi smiled faintly: "I don't have much money. Blackshirt Insurance Company still has a little cash flow. Now I have no place to allocate assets! So I thought of allocating HSBC Bank stocks!"

Raju Shroff chuckled: "How much cash flow does your Black Shirt Insurance Company still have?"

As he spoke he ate a piece of sandwich.

Wang Guanxi yawned: "Not much, just a small cash flow of 45.2 billion, not as good as your Indian Overseas Bank!"

Because the loudspeaker was on, Raju Shroff, Nehru, and Sandeep Batra suddenly felt very uncomfortable when they heard Wang Guanxi's words.

Rajushlov's breakfast was stuck in his throat and his face turned red!

Nehru choked on the milk he drank!

Sandeep Batra was stung by chili peppers and his throat hurt.

This Wang Guanxi said in front of them that HK$45.2 billion was a small cash flow, and showed off nakedly in front of them, showing off!

I simply look down on them.

For them, the cash flow of HK$4.5 billion is a lot. Wang Guanxi actually said that HK$45.2 billion is small cash, which is a naked insult to the three of them!

Rajushlov responded coldly: "Wang Guanxi, what are you proud of? Who do you think you are!"

"Are you qualified to pretend to be X in front of me, Raju Shroff?"

Wang Guanxi: "Rajushlov, you probably can't even come up with HK$450 million in cash flow. Can you compare with me?"

"You have lost more than HK$20 billion in HSBC, right?"

"Aren't you convinced by your defeat? If you have the guts, never sell HSBC shares!"

Raju Shroff's face turned red with anger, his chest rose and fell, and he didn't know what to say for a moment.

At this time, Wang Guanxi said again: "Ratan Tata even knelt down before me and begged me to settle HSBC shares with him!"

Rajushlov sneered: "Just brag!"

Wang Guanxi: "I am now giving you an opportunity to unwind HSBC Bank's stocks. Don't miss it!"

Raju Shroff: "For 45 Hong Kong dollars per share, I will sell all the 300 million shares in my hand to you."

Wang Guanxi: "That's the market price, 40 Hong Kong dollars per share. I settled with Ratan Tata at this price. If you don't believe me, call him and ask him!"

"Of course, if you don't sell, I can just buy it in the market. The stock price of HSBC Bank will definitely fall below 40 Hong Kong dollars per share. I will just absorb it slowly."

"Don't miss this opportunity to get out of trouble."

"I know you must be thinking that HSBC's stock price will fall to a lower level, and then you will buy the bottom, hoping to make a profit. Now is your chance."

Rajushlov laughed: "Okay, then based on the market price, HSBC's stock price will still fall. Let me see how much floating losses you have on your books, and I will make an investment when HSBC's stock price drops to 20 Hong Kong dollars per share." Buy the bottom of the market!”

Wang Guanxi: "Then I will send a lawyer to your Indian Overseas Bank immediately!"

Raju Slov: "I'm going to have breakfast near your Black Shirt Center and just ask your lawyer to come over."

Then everyone signed an equity agreement, and Indian Overseas Bank sold 300 million shares of HSBC Bank to Blackshirt Insurance Company!

The transaction price was HK$40 per share, totaling HK$12 billion.

The Hong Kong stock market had opened before the agreement was signed, and HSBC's stock price fell below HK$40 per share and has fallen to HK$38 per share.

Rajushlov was a little proud. He called Wang Guanxi directly and gloated: "Wang Guanxi, the price just fell by 2 Hong Kong dollars. You have already lost 600 million Hong Kong dollars on your account."

Wang Guanxi laughed: "It's just 600 million Hong Kong dollars. It's a trivial amount of money. I don't care about 6 billion Hong Kong dollars. Only people like you who are short of money take 600 million Hong Kong dollars seriously!"

After listening to Wang Guanxi's pretentious words, Raju Shroff felt furious and depressed!

This little Chinese bastard dares to say that he has no money!

"Wang Guanxi, if you have fun in the future, why don't we take your time!"

"You are not qualified to show off in front of me!"

Wang Guanxi laughed: "You don't have the strength, so stop trying to show off. You don't have the courage to admit your incompetence or failure. What qualifications do you have to be my opponent!"

After ending the phone call, Wang Guanxi said to Wu Zhanhai and others in the trading room: "In 15 minutes, start buying HSBC shares!"

It's night in the United States now, but it's daytime in Hong Kong. The Hong Kong stock market has already opened, and HSBC's stock price is falling, which makes Wang Guanxi buy it at a low price.

"Yes, BOSS!" Everyone was excited.

It previously bought 300 million shares from Indian Overseas Bank at a cost of HK$12 billion, but Blackshirt Insurance Company still had a cash flow of HK$33.2 billion.

These funds will all have bargain hunting HSBC.

Another 15 minutes passed, and HSBC's share price fell again by HK$1, to HK$37.00 per share.

Wang Guanxi shouted: "There are a lot of selling orders in the market now, buy it, buy 300 million shares first!"

"Yes, BOSS" Everyone started buying immediately.

5 million shares!

2 million shares!

3 million shares!

4.5 million shares!

5.5 million shares!

···

HSBC's share price began to rise against the trend.

37.20

37.51

37.64

··

38.57

38.78

·

39.45

·

At 40.00, Wang Guanxi shouted: "Stop temporarily and wait for the short sellers in the market to gain strength!"

"It's BOSS" and everyone stopped.

However, the short sellers are not very strong, and everyone is waiting and watching. Many financial institutions in the market that want to sell HSBC also hope that HSBC’s stock price will rise a little higher, and then sell the shares.

After waiting for a while, Wang Guanxi became impatient and said, "Go ahead and buy 300 million shares!"

"Yes, BOSS" everyone continued to buy.

HSBC shares continue to rise.

40.51

40.95

41.05

41.58

42.00

42.25

··

It rushed all the way to 43 Hong Kong dollars per share, and then the Hong Kong stock market closed in the morning.

This time I bought 300 million shares of HSBC Bank. The average buying position was HK$40 per share, and I spent HK$12 billion.

Blackshirt Insurance Company holds a total of 600 million shares of HSBC Bank.

There is still HK$21.2 billion in cash in the account.

Wang Guanxi said: "Withdraw 800 million Hong Kong dollars, which will be used as the cash flow of Black Shirt Insurance Company to pay the bank loan interest that needs to be paid recently!"

"Yes, BOSS" then withdrew HK$800 million, which will be used as working capital to pay interest on various bank loans owed.

There is still HK$20.4 billion left.

Wang Guanxi: "Rest now, let's buy in the afternoon!"

"Yes, BOSS!" Everyone began to rest.

It's very late in the United States now, and everyone plans to stay up late tonight.

In the trading room, everyone drank coffee to refresh themselves.

In many financial institutions in Hong Kong, wealthy people are waiting to cash out HSBC shares.

Today, HSBC's stock price was originally very weak, but big funds entered the market to buy the bottom, causing HSBC's stock price to reverse and rise from 37 Hong Kong dollars per share, all the way to 43 Hong Kong dollars per share.

In many private communication groups and private clubs of rich people, everyone is talking about it.

"What a great opportunity. It has risen so much in the morning session!"

“I heard that Black Shirt Insurance Company is crazy about increasing its holdings in HSBC Bank.”

“Before, Black Shirt Insurance Company was a big short seller of HSBC, but now it is a long position.”

"The financial crisis is so serious that bank stocks all over the world are falling, and HSBC's stock price has fallen below 30 Hong Kong dollars per share."

"Yes, the HSBC stock price has definitely fallen below HK$30 per share!"

"Black shirt insurance companies will buy the dip halfway up the mountain!"

"I used to buy the bottom at 80 Hong Kong dollars per share, which was halfway up the mountain. Now I'm scared. Really, sell it quickly!"

··

Kill the Blackshirt Alliance.

Jiao Xiongbing from Dao Heng Securities said excitedly: "Wang Guanxi is buying HSBC at the bottom, and he is short selling for us!"

Adolf Roguli of CLSA was also excited and said: "Yes, we have borrowed the stocks and planned to short them. Unexpectedly, the black shirt insurance company came to buy the bottom."

Li Songwei of Yiqun Securities: "The share price of HSBC will definitely fall to HK$20 per share, and the black-shirted insurance company will definitely be trapped this time!"

You Zhenxuan of OP Securities agreed: "You're right, this time the black shirt insurance company will be trapped."

Jiang Jiwei of Dali Securities: "Let's do it. When the market opens in the afternoon, we will go short and let the black shirt insurance company"

Yue Runlin of Gaoxin Securities: "It's been a long time since I worked for a black shirt insurance company. We made 20 billion Hong Kong dollars before, but we've been too busy recently."

Ju Debiao of Fengnian Securities: “Yes, short HSBC!”

··

Soon after the afternoon trading opened, seven people jointly shorted HSBC!

HSBC's share price began to plummet.

42.56

42.12

41.86

41.01

40.85

HKD 40.00 per share,

In the trading room of Huntington Bank Building, Wu Zhanhai asked: "BOSS, do we want to increase our holdings now?"

Wang Guanxi: "No rush, let the short sellers sell!"

Then HSBC's share price fell below HK$40.00 per share.

39.85

39.57

39.10

38.92

38.41

··

It has fallen to the 38.00 position.

Wu Zhanhai asked: "BOSS, do we want to buy it?"

Wang Guanxi said: "No rush, we will buy again tomorrow and let these short sellers sell!"

Time passed by, and at the end of the trading day, HSBC’s stock price plummeted.

It fell from 38.00 to 34.00 in one minute!

At the end of the trading day, it fell 10.5% in one minute, shocking Hong Kong.

Sing Tao Daily: "HSBC's share price plunged 10.5% in one minute, beating the Hang Seng Index in seconds!"

The "culprit" that dealt a heavy blow to the Hang Seng Index was the "elephant stock" HSBC. In the last minute of late-market bidding, HSBC's holding price plummeted by HK$4, or 10.5%, and closed at HK$34 for the whole day, a new low in 13 years. , also set the largest single-day decline in history!

The people in the Black Shirt Alliance were all excited.

"This time the black shirt is safe."

"Yes, they previously held at least hundreds of millions of shares, and they were all trapped."

"It's so cool. Black Shirt Insurance Company must have lost a lot of money."

"It's so cool this time. The great revenge has been avenged."

"Hey, wait until HSBC's share price continues to plummet!"

"Yes, if HSBC's stock price falls below 30 Hong Kong dollars per share, or if it falls to 20 Hong Kong dollars per share, we will close our position!"

"OK!"

In the trading room of Huntington Bank, Wang Guanxi said: "When the market opens tomorrow, let us increase our holdings in HSBC like crazy."

"Yes, BOSS"

At this time a message came out.

[Royal Bank of Scotland plans to sell hundreds of billions of pounds of assets]

Royal Bank of Scotland (RBS) will unveil a massive restructuring plan this week that will involve the sale of hundreds of billions of pounds of assets.

According to the plan, Royal Bank of Scotland will announce its full-year results for last year on Thursday, and it is expected that the bank may create the largest annual loss among British companies.

In this restructuring plan, it also plans to divest hundreds of billions of dollars in assets by disposing of assets and reducing business scale.

It is reported that RBS plans to place at least 200 billion pounds of non-performing assets in the government asset protection plan.

RBS's asset sale plan will also be unprecedented. The assets sold will substantially alleviate the bank's asset and liability pressure of up to 1 trillion pounds.

Wu Zhanhai said excitedly: "BOSS, according to public shareholder holdings, Royal Bank of Scotland is the largest shareholder of HSBC, holding 7.1% of the shares, a total of 1.449 billion shares!"

Wang Guanxi suddenly said excitedly: "Contact Royal Bank of Scotland immediately and tell them that we intend to acquire 600 million HSBC shares from them."

"The purchase price is the market price!"

The Royal Bank of Scotland is a large conglomerate in the UK. It wants to sell hundreds of billions of pounds of assets. Calculated, that is an asset sale worth trillions of Hong Kong dollars!

“Contact Royal Bank of Scotland now”

"Yes, BOSS" Everyone immediately went to the Royal Bank of Scotland.

Soon Howard, the president of Royal Bank of Scotland, responded and agreed to sell 600 million shares of HSBC, but required a value of HK$35 per share.

Wang Guanxi immediately called Howard, "Mr. Howard, at the price of 34 Hong Kong dollars per share, I will buy 600 million shares at one time, which can solve a lot of your cash problems. The stock price of HSBC will still fall in the future. I will If you buy it at the market price, you will still lose money.”

Howard thought for a while: "Okay, 600 million shares will be sold to your Blackshirt Insurance Company at a price of 34 Hong Kong dollars per share! If you still know of any buyers, please contact me!"

"Okay!" Then Wang Guanxi's Black Shirt Insurance Company bought 600 million HSBC shares from the Royal Bank of Scotland at a price of HK$34 per share, worth HK$20.4 billion!

In this regard, Blackshirt Insurance Company holds 1.2 billion shares of HSBC, accounting for 5.7% of the shares, with an average position of HK$37 per share.

There was a temporary floating loss of HK$3 per share on the book, for a total floating loss of HK$3.6 billion.

Wang Guanxi glanced at it and said, "Go to bed, we may close our positions in Citibank, Wells Fargo, and Bank of America stocks tomorrow!"

"Yes, BOSS" and everyone left.

Wang Guanxi dragged his exhausted body to a nearby hotel, took a shower, and then rested. At this time, the phone rang.