Chapter 245 245 Customer Assets 90 billion Securities Industry Domination!

  Ending the call, Hong Tianwen felt that his whole body was paralyzed.

   "Oh, 300 million Hong Kong dollars!"

  "300 million Hong Kong dollars!"

  He put his left hand on his sweaty forehead, lost in thought.

  Where does he go to get 300 million Hong Kong dollars now?

  Change In the past, he could get 300 million Hong Kong dollars at will, but now there is no way.

  All stock assets are shackled to death.

  Now Get Good Financial Group also holds 120 million shares of Washington Mutual Bank, with a position of 3.5 US dollars per share, which cost 420 million US dollars, which is 3.255 billion Hong Kong dollars.

  At that time, Hong Tianwen saw that the stock price of Washington Mutual Bank had fallen to a historical position and went to hunt down the bottom, intending to make a fortune.

  Unexpectedly, the stock price of Washington Mutual Bank fell to 3.00, and now he can’t close his position even if he wants to close his position.

  Because these 120 million shares were lent to the Black Shirt Investment Bank to short Washington Mutual Bank. If the Black Shirt Investment Bank does not close the position, Hong Tianwen cannot close the position.

  As long as he waits for the black shirt investment bank to return the stock to him, he can close the position.

  Now he regrets that he has loaned the shares of Washington Mutual Bank to the Black Shirt Investment Bank. If the Black Shirt Investment Bank has not closed the position, he will not be able to liquidate the position.

  If he sells the 120 million shares of Washington Mutual Bank, he can exchange a lot of cash and solve many problems, but he can’t sell it now.

   "Oh, this time is really unlucky"

   "300 million Hong Kong dollars, I can't get it out, what should I do?"

  "Sell the subsidiary of Get Good Financial Group?"

  Hong Tianwen tangled around.

   “If it’s all right a while later, if JPMorgan Bank acquires Washington Mutual Bank at a premium, I can also make $200 million, and the difficulties will be resolved at that time.”

  This Washington Mutual Bank is currently negotiating with the JPMorgan Banking Group. If the purchase price is US$5 per share, US$6 per share, or even US$7 per share, he will make a lot of money.

   After all, Bank of America Corporation previously acquired Merrill Lynch at a premium of 80%.

  Morgan Banking Group also paid a premium several times before and acquired Bear Stearns!

  It's just that Lehman Brothers has become an abandoned son, no one wants it!

  Washington Mutual Bank is different. Someone must want it.

  But he is also a little bit worried that Washington Mutual Bank will follow in the footsteps of Lehman Brothers. If Washington Mutual Bank really goes bankrupt, a good financial conglomerate will lose everything.

   "Ah" Hong Tianwen continued to sigh.

  At this time he saw a piece of news.

  [Lewis, CEO of Bank of America Corporation: The acquisition of Merrill Lynch is the most daring bid for subprime mortgages]

  This made him feel like a turbulent wave of fear, and was slightly smoothed.

  Suddenly his phone rang, and it was Luo Yinghui from the Luo family.

After    was connected, Luo Yinghui asked him again for funds to protect the disk, Hong Tianwen said: "Old Luo, I have no money to protect the disk now, you drag it first, don’t worry, drag it on."

  Luo Yinghui also said anxiously: "Old Hong, my two big brothers also forced me to press on. You can mobilize funds as soon as possible, otherwise the three listed companies under ours will be ruined.

  The current listed stock price is very fragile, and the cash flow of the three listed companies has also experienced great problems, and hundreds of millions of Hong Kong dollars are needed to alleviate them.”

"Okay, wait for me for a while, drag it for a while, and if you drag it on, there will be hope" Hong Tianwen comforted: "My current situation is also very bad, but I haven't given up. If it drags on, the stock market will definitely turn around. Trendy, don’t worry"

  The two chatted for a while and ended the phone call. Hong Tianwen just breathed a sigh of relief. The phone rang again. It was Lin Yongfu from Taifook Securities Company.

  He still chose to connect the first time.

  Lin Yongfu said on the phone: "Old Hong, now Taifook Securities Co. needs hundreds of millions of Hong Kong dollars to alleviate the predicament. Do you still have liquid funds? Bring hundreds of millions to come over."

  Frankly speaking, Taifook Securities Company is not his own. Hong Tianwen privately holds 14.7% of Taifook Securities Company's shares. Getty Financial Group holds 28.88% of Taifook Securities Company's shares, and controls a total of 43.5% of the shares.

  Now Hong Tianwen is the largest shareholder of Taifook Securities Company.

  The greater the loss of Taifook Securities Company, the greater the loss of Hong Tianwen.

  Hong Tianwen said: "Lao Lin, wait a minute, now you all come to ask me for money, but my side is also full of difficulties and the flow of funds is exhausted. You can find a way to borrow first."

   "In that case, let me figure out how to do it first. You have to raise enough funds in the past two days." Lin Yongfu said, "Otherwise, Taifook Securities Co., Ltd. will be over. There is no one at Taifook Securities Center who wants it. The real estate has shrunk seriously.

  Alas, there is nothing I can do. Zheng Yuanfeng of the Zheng Consortium may sell the shares of Taifook Securities Co., and then it will be impossible to imagine that Taifook Securities Co. may really collapse. "

   Ended the call, Hong Tianwen was in a cold sweat, and Taifook Securities Co. was finished, so his private shareholding, coupled with the shareholding of Get Good Financial Group, totaled 43.5% of the shares.

  At that time, it was simply unbelievable.

  Thinking about it, he called Wu Zhanhai, the executive director of Heishirt Investment Bank.

  He intends to negotiate with the Blackshirt Investment Bank to liquidate the position of the Blackshirt Investment Bank and return the shares of Washington Mutual Bank to the Getty Financial Group. As long as the Getty Financial Group obtains enough cash, he can tide over the difficulties.

  Of course, negotiate with the Heishan Investment Bank and get the Heishan Investment Bank to agree that the financial group will lose a lot, but there is no way now. He needs money.

  The listed company of the Luo family needs to protect the market. If it does not help the Luo family to protect the market, then it will be bad.

  Because the Locke family had spent HK$1.25 billion on the Jiehao Financial Group's support for the financial group, if the Locke family sold the shares of the Jiehao Financial Group, then everyone’s loss would be even greater.

  There is also Taifook Securities Company.

The stock price of this Taifook Securities Company also collapsed. Lin Yongfu said that the Zheng consortium intends to withdraw from Taifook Securities Company and may sell the shares of Taifook Securities Company. Therefore, he must also protect the market and use this to control Taifook Securities Company. In the future, Get Nice Financial Group and Taifook Securities will merge.

  Of course, it is not the merger now, because Taifook Securities is now facing many difficulties. The merger will drag the Geta Hao Financial Group down the fire pit and finish the game together at that time.

  The call was connected, Hong Tianwen spoke to Wu Zhanhai on the phone and said: "Mr. Wu, let’s talk."

  On the phone, Wu Zhanhai asked, "Mr. Hong, what are you talking about?"

  Hong Tianwen said frankly: "You close the short list of Washington Mutual Bank, return the stock to us to form a financial group, and the price is easy to negotiate."

  Wu Zhanhai on the other end of the phone glanced at Wang Guanxi, saw Wang Guanxi shook his head and smiled, so he said to Hong Tianwen on the other end of the phone: "Mr. Hong, we are not going to close the position for the time being"

  Hong Tianwen gritted his teeth and asked: "Mr. Wu, how about we directly settle at $3.00 per share? Washington Mutual Bank will soon be acquired by Morgan Banking Group at a premium. I hope you will consider it carefully."

  Wu Zhanhai smiled and said: "We have considered it very clearly and will not close the position."

  Hong Tianwen was furious, and asked: "Mr. Wu, how about the settlement of that 2.5 USD per share?"

  At that time, the Heishan Investment Bank will close the position. Regardless of the position of the position, as long as the 120 million shares are returned to him, he will settle at the price of 2.5 US dollars per share.

  Of course, after the stock is returned to him, he will sell the stock, cash out the cash, and settle at the price of 2.5 US dollars per share.

  He had no choice but to do it now, because Yuan Kang, Luo Yinghui, and Lin Yongfu all asked him for money.

  Wu Zhanhai on the phone still said: "Mr. Hong, sorry, we have no plans to close the position yet."

  After finishing the phone call, Hong Tianwen was furious.

"Son of a bitch!"

   "Damn black shirt insurance, black shirt investment bank!"

  Now he regrets borrowing the shares of Washington Mutual Bank to short the Black Shirt Investment Bank. Originally, he wanted to cut leeks and charge 2% monthly interest per share. At the same time, he also wanted to make Indians slay the Black Shirt Investment Bank.

  But I never expected that I was in such a big trouble now and I was in urgent need of cash.

   Borrowing the shares of Washington Mutual Bank to the Black Shirt Investment Bank, but miserable himself.

"damn it!"

  Finally, he made a decision to sell the Get Hao Securities Company, and then he started asking people to find buyers!

  Giehao Securities Company now has 40 billion Hong Kong dollars in client assets, and all other funds have been dropped to the parent company by him.

  This 40 billion Hong Kong dollar customer assets, one year's commission is also stable, and it can bring 120 million Hong Kong dollars in net income every year.

  The asking price of Get Good Securities Company is 400 million Hong Kong dollars.

  But the buyers ignored it, which made Hong Tianwen wonder.

  And Wang Guanxi of Heishan Investment Bank also learned that the Get Well Financial Group was going to sell the Get Well Securities Company, and she immediately became interested.

  Although the Black Shirt Investment Bank currently has no excess cash flow, it can continue to make loans with Wing Hang Bank, so after talking to Feng Shaokun, he asked the horses to prepare.

  In the evening, people from Heishan Investment Bank came to contact Hong Tianwen. The person who came was the legal team of Heishan Investment Bank.

  After reviewing the financial situation of Get Good Securities, he directly offered Hong Tianwen HK$200 million.

  Hong Tianwen refused without even thinking about it, asking for 350 million Hong Kong dollars.

   Then he talked with Wu Zhanhai of the Black Shirt Investment Bank.

   "Mr. Wu, Get Good Securities has 40 billion customer assets. You want to buy it for 200 million Hong Kong dollars? When I am a beggar? A fool?"

  Hong Tianwen hates Heishan Insurance Company and Heishan Investment Bank very much, but now he is in urgent need of money, and if he can sell it, he will sell it, and the price will be enough.

   Sooner or later, he will come back to them to settle the accounts.

  In the end, the Black Shirt Investment Bank said 300 million Hong Kong dollars.

  Hong Tianwen gritted his teeth and insisted: "350 million Hong Kong dollars"

  This black shirt investment bank is simply a bastard. He actually bargained to 300 million Hong Kong dollars. In normal times, he didn't bother to return a word.

  On the other end of the phone, Wu Zhanhai put down the phone and glanced at Wang Guanxi with an inquiring look.

  Wang Guanxi said lightly: "Only 300 million"

  So Wu Zhanhai said to Hong Tianwen on the phone: "Mr. Hong, it is only 300 million Hong Kong dollars. This is our highest price. No counter-offer is accepted."

  Hong Tianwen pondered for a while, and finally nodded in agreement.

  This time, the Black Shirt Investment Bank continues to ask Wing Hang Bank for a loan of 300 million Hong Kong dollars. By calculation, the Black Shirt Investment Bank has already owed a loan of 1.8 billion Hong Kong Dollars to Wing Hang Bank.

  However, the Black Shirt Investment Bank is currently shorting Washington Mutual Bank with 120 million shares. The position of closing and opening positions is around US$3.00 per share, temporarily floating US$60 million.

  The overall assets are more than HK$3 billion, and it is a matter of minutes for the Wing Hang Bank to borrow HK$300 million.

  Next, Wu Zhanhai took the lawyer to Jiehao Building.

  The two parties signed the agreement.

  Heishan Investment Bank has acquired the subsidiary company of Getho Financial Group, Getho Securities Co., Ltd.!

   then paid 300 million Hong Kong dollars to Hong Tianwen.

  With 300 million Hong Kong dollars, Hong Tianwen has temporarily weathered the difficulties of the past few days.

  "Mr. Wu has a good cooperation, I have something to do, so I won't entertain you." After saying that Hong Tianwen hurriedly left the office.

  "Okay, Mr. Hong, go busy." Then Wu Zhanhai came to the Jiehao Securities Company and announced that it would move the Jiehao Securities Company from the Jiehao Building. Those who should be dismissed and those who should be dismissed will leave.

  After the acquisition of Get Good Securities, the client assets of the securities department of the Black Shirt Investment Bank expanded again, reaching 90 billion Hong Kong dollars.

  According to customer assets, Black Shirt Investment Bank is already one of the leaders in the securities industry in Hong Kong.

  90 billion Hong Kong dollars in customer assets, this is a prudent income. As long as the annual customer transaction price exceeds 1 trillion Hong Kong dollars, then the annual net profit of 300 million Hong Kong dollars is not a problem.

  If the client's trading volume is as high as 2 trillion Hong Kong dollars, then the net profit of 600 million Hong Kong dollars a year is not a problem. The key depends on the securities company's brokerage team capabilities.

  If customers make money and allow customers to trade more, then the customer turnover in one year can reach more than 2 trillion Hong Kong dollars.

  After all, the Black Shirt Investment Bank is a partnership system, with huge bonuses and incentives, and everyone is eager to become a partner.

   Wu Zhanhai couldn’t help but said: “BOSS, the Black Shirt Investment Bank is also considered a dominance in Hong Kong’s securities industry”

  Wang Guanxi smiled faintly: “The 90 billion Hong Kong dollar customer assets are indeed good. Continue to work hard. I want the Black Shirt Investment Bank to quickly become the No. 1 securities company in Hong Kong.”

  Now the securities company registered in Hong Kong, the Black Shirt Investment Bank is already the overlord!

  Although there are 570 securities companies in Hong Kong, these securities companies are small securities companies, or subsidiaries of securities companies in other places, and their client assets in Hong Kong are not large.

  For example, CITIC Securities, China Merchants Securities, now a subsidiary in Hong Kong, that is, a securities company, but in 2008, their client assets were not large.

  Although the self-operated assets of this black shirt investment bank are not large, the client assets of the securities department are really large. There are not many securities companies in Hong Kong that can match the black shirt investment bank.

  Listening to Wang Guanxi’s words, everyone suddenly said very excitedly: "Yes, BOSS"

  Now the future of the Black Shirt Investment Bank is bright. With more and more client assets, the more client assets everyone is responsible for, the more profits and bonuses will be.

  (End of this chapter)