Chapter 271 271 is 20 billion casually! refute!

  After a few more glasses of wine, Wang Guanxi began to be proud!

  Thinking about it, he opened his mouth to Feng Shaokun and said: “Brother Feng, you have to prepare more funds for Yongheng Bank recently. When the black shirt insurance company closes its position, you will have to ask you about the loan.”

  Feng Shaokun said, "How much do you want to borrow?"

  He knows that Wang Guanxi’s black shirt insurance company has floated more than 10 billion Hong Kong dollars on the AIG Group. Is he ready to close the position?

  Wang Guanxi thought for a while and said: "At least 20 billion Hong Kong dollars."

  Now he wants to short a number of US banks.

  This time short Citibank, followed by Wells Fargo, Bank of America, Hang Seng Bank, HSBC.

   Fund 1 is shorting the Hang Seng Index.

  No. 2 Fund 8 billion Hong Kong dollars shorted Citibank.

  Next, Fund 3 will short Wells Fargo, but Fund 3 has no money and can only lend.

  After the Black Shirt Investment Bank has shorted Washington Mutual Bank, it will short Hang Seng Bank.

  After the black shirt insurance company has shorted American International Group (AIG), it will short HSBC.

  After the black shirt hedge funds have shorted the Hong Alliance, the Huang Consortium, and the Zheng Consortium, they will short Bank of America.

  He already has a preliminary plan, and of course it may disrupt the plan.

  However, according to his current plan, if you want to short Wells Fargo Bank with the No. 3 Fund, you still need a lot of money, preferably 20 billion Hong Kong dollars.

At that time, all the rights and interests of the Blackshirt Insurance Company, the Blackshirt Investment Bank, and the Blackshirt Hedge Fund will be mortgaged to Wing Hang Bank, with a loan of 20 billion Hong Kong dollars to short the Wells Fargo Bank. Anyway, this is what he planned. Although the plan cannot keep up with the changes, now Just say hello to Feng Shaokun in advance.

  Now major banks are tightening loans, and it is basically difficult to obtain loans, so Wing Hang Bank has to prepare funds.

  Now Heishan Group and Wing Hang Bank also share a common interest chain. Most of the funds under Heishan Group are stored in Wing Hang Bank. In particular, the customer funds of Heishan Investment Bank are also under custody of Wing Hang Bank.

   "20 billion?" When Feng Shaokun heard it, the wine spewed out, just on Zhou Tianjing's pants, as if he heard something incredible.

  He suspects that he has drunk too much, is there a hearing problem?

   "I wipe it, what are you doing?" Zhou Tianjing jumped up and kept patting his pants.

  This Feng Shaokun is also true, actually spraying alcohol on his pants.

  At this time, Feng Shaokun reacted and asked with horror: "20 billion Hong Kong dollars, Guanxi, did I hear it wrong?"

  The 20 billion Hong Kong dollars is not 2 billion Hong Kong dollars!

  God, Wing Hang Bank doesn’t know if there is still so much cash flow to lend to Wang Guanxi!

  Of course Wing Hang Bank was not affected by the global financial shock caused by this subprime mortgage crisis because of Wang Guanxi’s suggestion.

   Zhou Tianjing was dumbfounded, and even forgot to take the drink on his pants. He stared at Wang Guanxi with a dull look, and his heart was shocking!

  20 billion Hong Kong dollars This is simply an insurmountable mountain for him.

  At this time, Wang Guanxi said: "Well, you are right, 20 billion Hong Kong dollars, then all the assets that can be mortgaged will be mortgaged to you."

  Next, Wang Guanxi briefly talked about his assets and how much money was floating in his trading account.

  Feng Shaokun took a deep breath and said, “That’s OK, then you remember to use assets as collateral, and of course the rights and interests in the trading account.”

  Now Wang Guanxi’s worth is very, very scary. The black shirt insurance company short AIG Group has a floating profit of more than 10 billion Hong Kong dollars, and the black shirt hedge fund shorts the Hong Alliance, the Huang consortium, and the Zheng consortium have a floating profit of nearly 10 billion Hong Kong dollars.

  Black Shirt Investment Bank shorted Washington Mutual Bank with a floating profit of more than 1.5 billion Hong Kong dollars.

  Account No. 1 has a floating profit of HK$2.8 billion, with a net value of HK$9.3 billion.

   Fund No. 2 shorted Citibank, with a floating profit of over HK$1.2 billion and a net worth of HK$9.2 billion

too frightening!

  He was shocked!

  And Zhou Tianjing simply feels that his worldview has been subverted.

  Wang Guanxi’s financial resources are really terrible, terrible, it is hard to believe that Wang Guanxi’s worth exceeds tens of billions of Hong Kong dollars.

  Feng Shaokun said: "Don't worry, I will raise funds for you!"

   "Grass, developed and established a consortium, don’t forget me Wing Hang Bank"

  Wang Guanxi smiled and said, "Don't worry, how could you forget it!"

"Hey, actually thanks to you for letting us get rid of the assets of Lehman Brothers before, as well as tightening loans to ensure sufficient cash," Feng Shaokun said excitedly: "This time Wing Hang Bank can also grow bigger in this crisis. Now, haha"

  To be honest, their Fung family’s Wing Hang Bank was basically intact in this crisis.

   To give a simple example, according to the announcement of the underwriters of Thunder Bond Brothers in Hong Kong today, 19 banks are on the list.

Lehman’s mini-bond products used to be the retirement financial products for many Hong Kong retail investors. As Lehman, the fourth largest investment bank on Wall Street, filed for bankruptcy protection, more and more Hong Kong investors found themselves in trouble. When it comes to gains, it is more likely that they will lose their money. When disappointed, these investors angrily blamed the banks that promote these financial products, accusing them of inadequate responsibility, lack of risk warnings, and even providing false recommendations for promotion.

On the list are Lushi Commercial Bank, Public Bank (Hong Kong), Dah Sing Bank, CITIC Ka Wah Bank, Industrial and Commercial Bank of China, Bank of China Hong Kong, Wing Lung Bank, Bank of Communications, Bank of East Asia, Citibank (Hong Kong), Nanyang Commercial Bank, DBS Bank (Hong Kong), HSBC Bank, ABN AMRO, Chiyu Banking Corporation, Standard Chartered Bank (Hong Kong), Fubon Bank (Hong Kong), Chong Hing Bank, Feng Ming Bank, and Wing Hang Bank did not make the list.

  Although the two major regulators have recently responded and made a number of arrangements, it is still difficult to make up for the disappointment of investors. Many retail investors have decided to continue to lodge further complaints with the Hong Kong Consumer Council today.

  As of September 25, the total value of outstanding notes with Lehman as the guarantor of swaps in Hong Kong is about 15 billion yuan!

  This Lehman Brothers company is really a huge thunder!

  In addition, the Bank of East Asia was also subjected to a run. After a 48-hour run, the stock price plummeted by 25%.

  The Hong Kong Monetary Authority injected 3.8 billion capital to suppress the run on the Bank of East Asia!

  Otherwise, if the Bank of East Asia runs on, it will really be over.

  Wing Hang Bank is very, very safe, and its stocks are sought after by investors and stockholders.

At present, the bank’s cash flow is also very abundant. The black shirt insurance company’s liability deposit and the customer funds of the black shirt investment bank are all stored in Wing Hang Bank. In addition, Wing Hang Bank has acquired a small bank. Now the scale of Wing Hang Bank is almost Doubled in size.

  A loan of 20 billion Hong Kong dollars should be no problem.

  Wang Guanxi smiled and said, "Brother Feng congratulates you."

   Zhou Tianjing also congratulated: "Shaokun, you are now a big banker."

  "Come and drink" Feng Shaokun was also very happy.

  Then everyone had a barbecue while drinking, and did not return home to rest until late at night.

  Of course, Wang Guanxi’s home is temporarily in the Empire Hotel.

  The news is also overwhelming financial crisis news.

  Industrial Trust and Investment Bank of India: [Citibank Group will defeat Wells Fargo in its successful acquisition of Midland Bank and become the biggest winner in the financial crisis]

  Black Shirt Investment Bank: [Global financial institution loss ranking, Citibank Group won the championship with a loss of US$55.1 billion]

  In fact, since the beginning of last year, the total amount of capital write-downs and credit losses of more than 100 largest banks and securities companies in the world has reached US$523.1 billion, and US$380.7 billion has been raised for this purpose.

Among the major financial institutions, Citigroup’s total capital write-downs and credit losses were the highest at 55.1 billion U.S. dollars and raised funds of 49.1 billion U.S. dollars; Merrill Lynch came in second with 52.2 billion U.S. dollars and 29.9 billion U.S. dollars respectively; Swiss bank name Ranked third, with US$44.2 billion and US$28.4 billion respectively.

  Among other major US financial institutions, Midland Bank’s total capital write-downs and credit losses totaled US$22.7 billion and raised US$11 billion.

  Bank of America Corporation is 21.2 billion U.S. dollars and 20.7 billion U.S. dollars, respectively,

  Morgan Stanley is US$15.7 billion and US$5.6 billion respectively.

  Morgan Bank is respectively 14.3 billion U.S. dollars and 9.7 billion U.S. dollars.

  Lehman Brothers was US$13.8 billion and US$13.9 billion respectively.

  Among other major financial institutions outside the United States, HSBC’s capital write-downs and credit losses totaled US$27.4 billion, ranking fourth among all financial institutions, raising US$5.1 billion.

  The Royal Bank of Scotland Group is US$14.5 billion and US$23.8 billion respectively.

   Deutsche Bank is USD 10.6 billion and USD 6.2 billion respectively.

  Credit Suisse is US$10.5 billion and US$3 billion respectively.

  Barclays Bank is 7.9 billion US dollars and 18.3 billion US dollars.

  This is all right. It is undoubtedly a psychological blow to the Indian Industrial Trust Bank, which is bullish on Citibank’s stock price.

  Slapped the Indian Industrial Trust and Investment Bank in the face!

  In the anger of Sundeep Batra and Nehru, time passed by.

  At 4 o'clock in the morning, the U.S. stock market closed.

  The share price of American International Group closed at $38 per share, and the Black Shirt Insurance Company held a short position of 5 million shares, with a position of $388 per share, and a floating profit of $1.75 billion on the book.

  Washington Mutual Bank’s stock price closed at $1.70 per share, and the Black Shirt Investment Bank shorted 120 million shares and opened a position at $3.00 per share, with a floating profit of $156 million on the book.

  Citibank Group’s stock price closed at 183 US dollars per share, the No. 2 fund shorted 5 million shares, and the 1 position was opened at 213 US dollars per share, with a floating profit of 150 million US dollars.

  And the Indian Industrial Trust and Investment Bank has lost a lot tonight on Washington Mutual Bank, Citibank, and American International Group.

  Industrial Trust and Investment Bank of India holds 120 million shares of Washington Mutual Bank, with a position of US$3.00 per share and a floating loss of US$156 million.

   holds 6 million shares of Citibank, with a position of around 215 US dollars per share, and a floating profit of US$192 million on the book.

  Holds 1 million shares of American International Group, with a position of $600 per share, and now has a floating loss of $562 million. It is beyond description of the loss on American International Group.

  And the Indian private pension also holds 1 million shares of American International Group, and the position of the position is 600 US dollars per share, and the book also has a floating loss of 562 million US dollars!

  Holds 5 million shares of Citibank, with a position of 136 US dollars per share, and a floating profit of US$235 million on the book. The floating profit is US$235 million less than before.

  Sundep Batra said: "This time our battle with the black shirt insurance company is far from over!"

In the beginning, they fought against the black shirt insurance company on Fannie Mae, then AIG, then Washington Mutual Bank, and now Citibank. Now the situation is not good for them, but they have not completely lost, no. In the end, the outcome is unpredictable. They can make many mistakes and lose many times, but if the Black Shirt Insurance Company loses once, it will lose all the games.

   Nehru also echoed: "Yes, we mainly drag on. When the US government's 700 billion US dollars in rescue funds come out, and the Fed cuts interest rates, we will win."

Although the US government’s $700 billion rescue plan is met with resistance, it will eventually be introduced, and the Fed will also cut interest rates and release huge amounts of funds to rescue the economy and financial system. The stock price will also rebound in an all-round way, and it will be black at that time. The end of the shirt insurance company, as long as they continue to carry on.

  Sundep Batra and Nehru are very convinced that the $700 billion rescue proposal will eventually be passed, because the economy is so bad and the unemployment rate is so high, it will definitely rescue the market.

  And the Fed will cut interest rates to stimulate the economy.

  Sundep Batra: "Let the Black Shirt Investment Bank be proud tonight, tomorrow or next week they will have time to cry"

   Nehru nodded: "Yes, tomorrow night or weekend, the proposal may be passed, let’s just wait for a good show."

  At this time, the Black Shirt Investment Bank published another article.

  【Wall Street financial turmoil has intensified, and the 700 billion US dollar rescue plan is shelved. Who will be the next bank to fall? 】

  Black Shirt Insurance Company also published an article.

  [Washington Mutual Bank has lost more than $16 billion in cash since the run, and may face bankruptcy immediately]

   Soon the Indian Industrial Trust and Investment Bank published an article specifically refuting the Black Shirt Investment Bank and the Black Shirt Insurance Company.

  【Washington Mutual Bank is actively negotiating with Citibank and Morgan Bank and will be acquired at a premium】

  The views of the two sides are colliding fiercely, and everyone is very reasonable.

  At the moment, forming a good financial conglomerate, Hong Tianwen sneered at the article by the Black Shirt Investment Bank.

"This Washington Mutual Bank is the largest savings bank in the United States. It has been 119 years, and it has experienced the worst Great Depression in 1929. It's all right. Now the Black Shirt Investment Bank has the face to rumor that Washington Mutual Bank is bankrupt? !"

  Now Get Good Financial Group also holds 120 million shares of Washington Mutual Bank, with a position of $3.50 per share, which has been lent to the Black Shirt Investment Bank.

  Then Get Hao Financial Group also refuted the Heishan Investment Bank and Heishan Insurance Company.

Zhang Huiming, Qian Mingyuan, Jia Baowei, Jin Xu and others of Minghui International Securities Co., Ltd. also arranged for someone to specifically refute the Heishan Investment Bank, accusing Heishan Investment Bank of spreading rumors every day for fear that the world will not be chaotic!

  Dao Heng Securities, CLSA also refuted the views of the Black Shirt Investment Bank.

  　 ask for monthly pass

  　　

  　

  (End of this chapter)