Rebirth of the Financial Crisis Sweeping the World

Chapter 388 388 Just a nobody, 40 million shares!

Wang Guanxi was very happy when he saw the net value of the account in Fund No. 2, and jumped a dozen times in excitement.

The profit from bargain hunting this time is huge, and it is much more profitable than short selling. After all, it is impossible to make more than double the money from short selling in the long term, while long selling can make more than 100% profit due to the skyrocketing stock price.

This time I made 92.5% profit.

“This bargain hunting is quite perfect.”

"BOSS, our operation was completed in one go."

"This is also thanks to the cooperation of the situation."

"Yes, perfect operation"

When Citibank's stock price plummeted before, it decisively closed its position and then decisively bought the bottom. Now it decisively liquidates its position, all in one go, without any sloppiness.

"BOSS, Citibank's stock price is currently at 70 US dollars per share. The bulls in the market are still very strong. Do we want to short here?" Huang Shaokai pointed to Citibank's stock price chart.

Citibank's stock price is currently trading at US$70 per share, which is quite strong, and it seems that it can be shorted.

Wang Guanxi thought for a moment and said, "Let's borrow stocks."

This Citibank stock may even reach 80 US dollars per share. Let's borrow the stock first and short it depending on the situation.

"Yes, BOSS" Then everyone started to borrow stocks.

The call soon came to Private Pensions of India.

Nehru was stunned when he heard that Wang Guanxi wanted to borrow Citibank shares.

Isn’t this black shirt group long in Citibank?

Before, the Black Shirt Group was frantically buying Citibank at the bottom, but now it has turned around and gone short?

What the hell is going on!

Capricious!

Then Nehru wanted to have a phone call with Wang Guanxi in person.

Wang Guanxi said bluntly: "Nehru, you heard me right, I plan to short Citibank."

Nehru asked in confusion: "Didn't you just finish buying the bottom? Are you going to go short now?"

Why did Wang Guanxi suddenly turn around and short Citibank?

He still couldn't turn the corner for a while. It felt like Wang Guanxi had water in his head or something?

Wang Guanxi smiled and said: "Yes, I want to short Citibank now. Aren't your Indian private pension plans to hold Citibank stocks for a long time?"

"Lend it to me and you can get some interest income!"

When Wang Guanxi shorted Citibank for the first time,

Just ask India's private pension fund to borrow 5 million shares. At that time, Citibank's share price was more than 200 US dollars per share, worth 1 billion US dollars.

Then Fund 2 made $860 million shorting Citibank and paid more than $50 million in interest to private Indian pension funds.

This $50 million is quite a lot.

In total, that’s HK$387 million.

It is not bad for India's private pension funds, which have suffered heavy losses, to get some interest income.

After all, private pension funds in India hold shares for a long time. Apart from dividend income, there is no additional income. Of course, if the stock price keeps rising, the assets will still increase in value.

I am afraid that the stock price will fall and the assets will continue to shrink.

Nehru said: "No problem, I will lend it to you. Our Indian Pension Fund currently holds 10 million shares of Citibank and will lend them to you. The interest is 1.5% per month. Anyway, this interest is cheaper than a bank loan." High, that’s 18% interest after one year.”

The interest is 1.5% per month. 10 million shares are worth US$700 million. The interest in one year is US$126 million. This is much higher than dividends. It is like loan sharking. You must know that the return rate of investment in one year can be 10% would be very good.

This 18% interest income is simply not very good.

He hoped that Wang Guanxi could be short for more than a year, since he would just sit there and collect interest anyway.

"Haha, you'd better be short for more than a year. I hope you don't lose too much and don't have no money to pay interest."

Wang Guanxi laughed: "Nehru, haha, it's just a small interest. I make so much money, this interest is nothing, so don't worry about it. I made 1.665 billion US dollars by bargain hunting before. What do you think?" Do I care about this small interest?"

When Nehru heard this, he was filled with jealousy.

Wang Guanxi actually made US$1.665 billion by bargain hunting before!

hateful!

He also previously increased his holdings of 5 million shares of Citibank shares. Including the original 5 million shares, he currently holds a total of 10 million shares, with an average position of $96 per share.

The floating loss per share was US$26, which added up to a floating loss of US$260 million, a decrease of US$266 million from the previous floating loss of US$525 million.

His decision to increase his holdings in Citibank was very correct, lowering the average position.

As long as Citibank's stock price reaches more than 96 US dollars per share, the books of India's private pension funds will change from floating losses to floating profits!

It’s only a shortfall of $26, which is very fast.

Thinking of this, Nehru said: "Wang Guanxi, don't be proud. Don't you have a saying in China?"

"I wonder if you've heard of it?"

Wang Guanxi chuckled: "Tell me about it."

Nehru also chuckled: "Don't boast even a little bit. Pride and complacency will lead to overthrow. I think if you continue like this, you are definitely not far from overturning."

Wang Guanxi said with a smile: "I overturned, that's complacency! You are jealous."

"I have never been jealous of anyone!" Nehru laughed: "By the way, I have good news for you. Prince Alwad of Saudi Arabia in the Middle East will increase his holdings of Citibank stocks. I hope you will not be liquidated."

"Prince Alwad of Saudi Arabia?" Wang Guanxi was stunned.

Nehru said: "Well, Prince Alwad of Saudi Arabia is known as the 'Warren Buffett of the Persian Gulf'. You should have heard of it."

"I haven't heard of it," Wang Guanxi said.

"Young man, you don't know anything about the world," Nehru said.

Wang Guanxi said: "Persian Gulf Buffett is just a nobody like you."

Nehru was very unhappy. Wang Guanxi actually called him a nobody?

Damn it, he will be the helmsman of India's private pension fund and a famous investor in India. A consortium plans to recruit him as its son-in-law!

"Haha, do you arrange for someone to come, or should I arrange for someone to come over?"

"I'll arrange for someone to go there," Wang Guanxi said.

After ending the phone call, Wang Guanxi arranged for the legal team to go over and sign the agreement.

Then the call came to Sandeep Batra of Industrial Trust Investment Bank of India.

On the phone, Sandeep Batra was also very surprised and asked: "Wang Guanxi, are you going to make a U-turn and short Citibank?"

Previously, this black-shirted group was hyping up the skyrocketing share price of Citibank in the media and even buying the bottom with large sums of money. Now it has turned around and shorted Citibank?

Is this damn thing sick?

At this time, Wang Guanxi said: "Yes, that's right, I just want to turn around and short Citibank!"

Sandeep Batra: "You are really capricious. You were shorting Citibank before, then you bought Citibank at the bottom, and now you are shorting Citibank again. I want to see what tricks your black shirt group can do."

This Wang Guanxi is messing around and erratic. He also likes to stir up rumors and spread rumors in the news media.

At that time, we can take the opportunity to attack the credibility of the Black Shirt Group.

Wang Guanxi: "There are so many tricks. Doesn't your Industrial Trust and Investment Bank of India own Citibank shares?"

When Wang Guanxi shorted Citibank shares for the first time, Industrial Trust and Investment Bank of India came to stop it. It seems that he bought 6 million shares. I don’t know if Sandeep Batra has closed his position now.

Sandeep Batra: “Yes, yes, and quite a few.”

This time he also increased his holdings to 6 million shares of Citibank, plus the original 6 million shares held by Industrial Trust and Investment Bank of India, for a total of 12 million shares.

The average position is $127 per share, and Citibank's stock price has risen to $70 per share.

In total, the floating loss per share was US$57, and the overall floating loss was US$684 million.

You must know that the previous maximum loss on the book was as high as 1.1 billion US dollars, and now the floating loss has been reduced by 416 million US dollars.

He was very right to increase his holdings of 6 million shares of Citibank this time.

Just wait for Citibank’s stock price to continue rising.

And Wang Guanxi wants to short Citibank?

hehe.

Then he asked: "Do you think Citibank's stock price can't go up?"

"Of course, otherwise why would I be shorting?" Wang Guanxi said.

Sandeep Batra: "Haha, I am still very optimistic about Citibank stock. I will buy it for more than ten years!"

Wang Guanxi asked: "Since I have held the shares for more than ten years, do I dare to borrow the shares?"

Sandeep Batra smiled and said, "I wish you could give me interest for free. I hope you keep selling short and keep giving me interest so that you don't get blown out by the Persian Gulf stock god!"

Wang Guanxi: “Persian Gulf stock god??”

Sandeep Batra: "You don't know the Persian Gulf stock god? That's the Saudi prince, Alwad!"

Then he said in a contemptuous tone: "Haha, Wang Guanxi, how do you get around in the world? In a small place like Hong Kong..."

Wang Guanxi interrupted and said: "You are doing so poorly in a small place like Hong Kong. Don't go out and lose money. Look how much money you have lost. Your investment ability is very poor. You should go back to farming in the ditches of India." , you can also grow cotton.”

"By the way, I'll arrange for someone to go over and sign the agreement later. Don't come to stop me from shorting again. Then I'll lose money again and beg me to settle the stock with you."

Sandeep Batra's inner scars were uncovered by Wang Guanxi. He was suddenly depressed, breathing rapidly, and smiled sinisterly: "Wang Guanxi, don't worry, I will not reveal your news about shorting Citibank. , I guarantee with my character that I will not stop you."

Wang Guanxi didn't expect this guy to be so shameless and hypocritical, so he said: "Okay, haha, I believe in your 'character', don't cheat your friends."

"Haha, then arrange for a lawyer to come over. The old interest rate is 1.5% per month. I wish you a happy short-selling experience." After Sandeep Batra ended the phone call, he immediately started making phone calls, telling the news that the Black Shirt Group wanted to short-selling Citibank. Reveal it.

He does not plan to mobilize funds to stop Wang Guanxi this time. After all, he has already increased his holdings of 6 million shares before. This time, he will let other institutions stop the Black Shirt Group.

As long as Citibank's stock price slowly rises, it can be stable.

This time, Wang Guanxi was lent 12 million shares at US$70 per share, which amounted to US$960 million, or US$14.4 million per month.

In total, it is HK$110 million. After this year, that is also HK$1.3 billion in interest.

With such high interest rates, why not?

He wished Wang Guanxi was short selling, and wished Wang Guanxi could continue to be short selling.

He has been holding Citibank shares. He doesn't believe that Citibank can go bankrupt?

The annual interest of HK$1.3 billion this year is much higher than bank loans and dividends!

Of course, Wang Guanxi can only short-sell for one month, and he will still earn HK$110 million in interest per month.

This kind of income is simply safe.

After continuously talking to Bank of Baroda, Indian Overseas Bank, Union Bank of India, and Imperial Bank of India, these four financial giants are not interested in increasing their holdings in Citibank.

He had no choice but to contact Tata Tata. Currently, Ratan Tata was discussing business in the Middle East. It seemed that he was in Saudi Arabia, so the call was made to Ratan Tata.

Saudi Prince Alwad and Ratan Tata were eating herbal cheese.

Ratan Tata asked Sandeep Batra on the phone, "What's going on?"

Then Sandeep Batra spoke briefly.

After Ratan Tata learned that Wang Guanxi wanted to short Citibank, he quickly said to Prince Alwad next to him: "Prince Alwad, now is a good opportunity for you to increase your holdings in Citibank."

··

And the black shirt center.

Wang Guanxi told the pawns: "We have borrowed 22 million shares so far. If we borrow more, we can get more than 40 million shares."

This time, the Private Pension Fund of India borrowed 10 million shares and the Industrial Trust and Investment Bank of India borrowed 12 million shares. 22 million shares have been collected, but it is not enough.

Wang Guanxi’s Fund No. 2 holds US$3.465 billion, and these 22 million shares are worth US$1.54 billion.

"Yes, BOSS" the horses continued to borrow.

The next day, January 7th, Wednesday.

9 am

Wang Guanxi's Ma Zai contacted the CEO of Public Bank Malaysia, Zheng Yufei, the son of a wealthy Malaysian, and asked him to borrow Citibank shares.

Zheng Yufei planned to borrow it, but Hong Tianwen, a defeated member of the Black Shirt Group, stopped him.

Hong Tianwen said: "Yu Fei, Wang Guanxi wants to short Citibank. Maybe Citibank's future increases will become smaller and smaller, or even turn down. We think we can withdraw. This time we are buying Citibank at the bottom. It’s just about making a quick buck, there’s no need to keep holding it, we’ll withdraw after we make money!”

Zheng Yufei asked: "Retreat tonight?"

Hong Tianwen said: "The Buffett of the Persian Gulf in the Middle East plans to increase his holdings in Citibank. Let Wang Guanxi fight with the Buffett of the Persian Gulf."

"If the stock price rises, we will continue to hold it. If the stock price falls and falls below $70 per share, we will liquidate our position in Citibank."

Zheng Yufei nodded: "You are right, then I won't lend the stock."

Then Zheng Yufei rejected the people from the Black Shirt Group.

In the trading room of Black Shirt Group, Bai Weiqiang said: "Boss, Zheng Yufei won't lend us stocks."

"What, not borrowing?" Wang Guanxi was stunned and said: "This little grandson actually doesn't want to borrow. He doesn't seem to be a long-term shareholder of Citibank."

Zheng Yufei is the CEO of Public Bank Malaysia, the son of Malaysian tycoon Zheng Hongbiao, and the heir to the family. He has ability and vision.

Zhang Dexi said: "Public Bank of Malaysia may want to sell Citibank's shares this time to fish in troubled waters, right?"

Wu Zhankun also said: "They know that we are going to short Citibank, and they may be planning to take the opportunity to sell the stock!"

Wang Guanxi nodded: "That's true, but it's okay!"

At this time, Huang Shaokai came over and said: "BOSS, Bank of Central Asia Indonesia also has Citibank shares."

"The former Taifook Securities chairman Lin Yongfu, who I defeated before, is currently also in Bank Central Asia in Indonesia. He and his ex-wife Huang Fengling have remarried and become the son-in-law of Indonesia's richest man."

Lin Yongfu, the former chairman of Tai Fook Securities Company, was a member of the Hong Alliance. After being defeated, he left Hong Kong and went to Indonesia. He remarried his ex-wife Huang Fengling. Huang Fengling was the youngest daughter of Indonesia's richest man Huang Huizhong. She had just been promoted to Indonesian Central Committee. President of Asian Bank.

Lin Yongfu has made a comeback again with the help of his wife. It seems that the couple is still a strong and complementary combination. Recently, the couple has made a lot of money in the financial market.

"Oh. Haha, that's good, that's fine. No wonder you keep having trouble with us!" Wang Guanxi then said: "Call them and ask them to borrow stocks to see if they are greedy for the 1.5% monthly interest!"

"Yes, BOSS." Then the call came to the office of Huang Fengling, the president of Bank Central Asia in Indonesia.

Huang Fengling wanted 1.5% interest per month and planned to lend Citibank shares to Blackshirt Group for shorting. After all, the 1.5% interest per month would be 18% interest in one year. Compared with the interest on bank mortgages Still high.

This is a deal well worth doing.

But her newly remarried husband Lin Yongfu stopped her.

Huang Fengling asked: "Why not borrow? You can get 18% interest every year, which is higher than the loans issued by banks. What's your reason?" ’

Lin Yongfu: "Maple Ling, we are following the trend and buying Citibank at the bottom this time just to make quick money. Do you plan to hold it for more than ten years?"

Huang Fengling shook his head: "That's not true."

Lin Yongfu: "That's it, we are just making quick money. There is no point in becoming a shareholder of Citibank. In addition, Citibank has been losing money, and the dividends will definitely be gone. There is limited room for the stock price to rise in the future. We are just making quick money." Yes, it’s better to liquidate the stocks now and get the floating profit to make real money!”

"Otherwise, if the stock price turns around and falls, the profits on our books will be gone."

Huang Fengling thought it made sense, and she continued: "You are right, I was almost greedy for the high interest rates, and forgot that I was here to make quick money."

"I will reject the people from the Black Shirt Group"

"By the way, when do you think it's best for us to clear out the inventory?"

Lin Yongfu said: "Isn't Prince Alwad of Saudi Arabia in the Middle East planning to increase his holdings of Citibank shares? When he raises the stock price, we will take the opportunity to clear our positions."

Huang Fengling: "Okay, this time the Black Shirt Group plans to short Citibank, and we will ruin their good deeds."

··

Blackshirt Center, in the trading room.

Wang Guanxi: "This woman Huang Fengling doesn't want to lend her stocks?"

Huang Shaokai: "Yes BOSS, she won't lend it to us. It should be Lin Yongfu who said she didn't want to lend it to us."

Zhang Dexi said: "It's impossible to get hold of Bank Central Asia Indonesia. I thought she would borrow it."

The original plan was to borrow the Citibank shares held by Indonesia's Bank of Central Asia and then short Citibank. If Citibank's stock price continued to fall in the future, Indonesia's Bank of Central Asia would not be able to sell the stocks because they were all lent to the Black Shirt Group. To close the position, you have to wait for the Blackshirt Group to close the position first, buy the stock back from the market, and return it to them!

Wu Zhankun also said: "This couple Huang Fengling and Lin Yongfu are really cautious."

Wang Juehao: "This couple should make quick money."

Bai Weiqiang: "After they knew that we were going to short Citibank, they must have planned to clear out Citibank's stocks. They might be doing something bad by Indonesian Bank of Central Asia this time."

Wang Guanxi pondered for a moment and said: "Not only Indonesia's Bank of Central Asia, but also Malaysia's Public Bank are all ruining our affairs."

"But I still need to borrow this stock. Keep calling and asking various financial institutions to borrow it."

"Yes, BOSS" Everyone went to do it immediately.

Then they contacted American International Group and Mosaic Group.

American International Group and Mosaic Group are old friends. This time Wang Guanxi could not borrow Citibank shares from Bank Public Malaysia and Bank Central Asia Indonesia, so he had to find these two giant financial institutions.

When Blackshirt Insurance Company shorted HSBC, it asked American International Group to borrow 64 million HSBC shares worth HK$8 billion, and the monthly interest was HK$96 million.

Ask Legg Mason Group, which borrowed 53 million shares of HSBC shares worth HK$6.625 billion, with a monthly interest of HK$79.5 million.

Two months have passed and HSBC's stock price has been falling, but the other party has also received a lot of interest. After all, they have held the shares for a long time.

This time Wang Guanxi asked them to borrow Citibank shares, and the two companies agreed.

12:30 noon.

We all made an appointment to have dinner at a restaurant near the Central Building.

Brian Schreiber, head of Asia Pacific of American International Group (AIG), wore a strict black suit and blue tie.

Dusty Franco, head of Legg Mason Asia Pacific, wore a gray suit and black tie.

"Mr. Wang"

"Mr. Wang, long time no see"

Brian Schreiber and Dusty Franco greeted Wang Guanxi warmly.

"Come, let's have lunch first." Wang Guanxi shook hands with them enthusiastically.

Lunch was very sumptuous, including light lobster curry, pan-fried foie gras with apples, fresh oysters, beef, white truffle pasta, horseradish crispy noodles, braised tomato and olives, French champagne Kruger.

Brian Schreiber asked: "Mr. Wang, if you plan to short Citibank this time, aren't you worried that Citibank's stock price will keep rising?"

Wang Guanxi smiled lightly: "Don't worry, this time I plan to short Citibank for a long time."

Dusty Franco reminded: "Mr. Wang, now that Citibank has obtained non-performing asset guarantees from the U.S. Treasury Department and has also injected US$25 billion in capital, it is possible for its stock price to stabilize above US$100 per share."

"Warren Buffett and Prince Alwad of the Middle East in the Persian Gulf are planning to increase their holdings in Citibank. If you go short now, he may just eat it up."

Wang Guanxi smiled nonchalantly and said: "It's okay, so what about Buffett in the Persian Gulf? If he dares to increase his holdings, I will sell them. I will sell them as much as he increases his holdings!"

Brian Schreiber and Dusty Franco were shocked.

Prince Alwad of Saudi Arabia in the Middle East, but Buffett, known as the man of the Persian Gulf in the Middle East, has extremely accurate investment vision. He is optimistic about the future prospects of Citibank, which means that Citibank must be fine and worth investing in.

And Wang Guanxi wanted to short Citibank when the other party planned to increase its holdings in Citibank?

This, this, this, the two of them couldn't understand it for the time being.

Brian Schreiber: "Mr. Wang, I hope you succeed!"

Dusty Franco: "Mr. Wang, you must be careful. We at Legg Mason Group have also held Citibank shares for a long time. To be honest, I don't really see you going short this time. I hope you don't lose money."

"good!"

Then everyone talked about the Wall Street swindler Bernard Madoff who defrauded US$65 billion. This time, American International Group and Legg Mason were both victims, and the losses were considerable.

Mosaic Group not only suffered heavy losses, but also suffered a large number of redemptions of invested funds from its customers, leaving it short of money.

So Wang Guanxi asked: "Dusty Franco, Legg Mason Group owns a controlling stake in Silicon Valley Bank. Are you interested in selling it to me? The price can be negotiated."

Previously, Wang Guanxi spent US$750 million to buy 50% of Huntington Bank from AIG Group. Now he plans to acquire Silicon Valley Bank shares from Legg Mason Group.

After all, one bank is definitely not enough to establish a consortium in the United States, and Silicon Valley Bank is also a very good choice.

Dusty Franco said: "Mr. Wang, I'm sorry, we have no plans to sell Silicon Valley Bank."

"Okay then" Wang Guanxi expressed regret.

After dinner, everyone signed the agreement.

American International Group lent Wang Guanxi 8 million shares of Citibank stock.

Legg Mason lent Wang Guanxi 10 million shares of Citibank stock.

18 million shares, worth US$1.26 billion, with monthly interest of US$18.9 million, which amounts to HK$146 million, another careless interest expense.

Now Wang Guanxi has collected 40 million shares of Citibank shares.

"Be prepared to short Citibank when the market opens tonight!" Wang Guanxi ordered.

These 40 million shares are worth US$2.8 billion and are ready to be sold!

Think of the excitement!

"Yes, BOSS" everyone was very excited.

At this time, Wang Guanxi's phone rang. When he opened it, he found that it was Ratan Tata calling.

This Ratan Tata suddenly called, surprising Wang Guanxi.

What on earth is going on?

This guy must know that he shorted Citibank.

Call him to tell him that he wants to stop him?

Or borrow stocks?

Citibank’s public list of shareholders does not include the Tata Group.

He determined that Ratan Tata did not own Citibank shares,

Is this a sudden call?

What's the trick?