The next day, June 15th.

After lunch, I was bored, Wang Guanxi opened the web page and browsed current affairs news.

[GM is about to go bankrupt].

Bankruptcy involves bankruptcy liquidation and bankruptcy reorganization.

General Motors began bankruptcy and reorganization in June 2009 and was reborn two years later.

In the future, the US government will become its largest shareholder, owning 60.8% of the shares, the Medicare Trust Fund, which belongs to the United Auto Workers Union, owns 17.5% of the shares, the Canadian government owns 11.7% of the shares, and the old General Motors has acquired 10% of the shares.

This subprime mortgage crisis caused General Motors in the United States to fall.

His rival Ford is not easy either.

Intent to cut a large number of Asian orders.

Wang Guanxi was so happy.

"This news is a heavy psychological blow to the automotive industry and suppliers in the automotive industry."

"BYD Electronics Group is a supplier to the automotive industry!"

"The bad news is coming!"

The automobile industry is so miserable, so it goes without saying that the suppliers of the automobile industry do not have orders given by the upstream, or the upstream industry reduces orders, the impact is very serious.

And the customers of upstream suppliers are consumers, and the US real estate collapses...

··

At this moment, BYD Auto Group has just held a shareholder meeting because global giant auto companies may go bankrupt, and Ford and Mercedes-Benz are planning to reduce orders.

BYD Auto Group needs cash flow, and cashing out some stocks is a good choice.

BYD Auto Group is the largest shareholder of BYD Electronics Group and plans to cash out some stocks.

Zhong Hewu, the major shareholder of BYD Electronics Group and the controller of Jinlong Fund, has already smelled that BYD Electronics Group will definitely not have a good time in the second half of this year.

"This GM has been a century-old enterprise. How could it go bankrupt? But it still needs to be taken seriously."

"I will continue to sell BYD Electronics Group's stock next week, and I will buy it back next year."

··

At this moment, Jiang Quangang felt that the probability of General Motors going bankrupt was not high, but it was undoubtedly a heavy blow to the global automotive industry and downstream suppliers of the automotive industry.

This is exactly the downstream supplier of BYD Electronics Group.

"The opening next week will continue to sell BYD Electronics Group's stock"

··

As for Fidelity Investment Group (fmr    llc), a Hong Kong branch, Si Xiuliang's eyes sank. He told his assistant: "Stop increasing his holdings of BYD Electronics Group's shares starting tomorrow, so that the stock price will fall to a lower level, and increase his holdings at 3 yuan per share."

Although he is very optimistic about the prospects of BYD Electronics Group, now is not the time to increase his holdings at a high level. If the stock price is very low in the future, he will continue to increase his holdings. After all, this is a long-term value investment.

“Yes, President”

At night, General Motors, Ford, and even BYD Auto Group brought news of bad stock prices for BYD Electronics Group.

Wang Guanxi, Feng Shaokun, Wu Zhanhai, Zhuang Anyong, Zhang Dexi, Chen Tianqing, Hao Yumao, Guo Linhai are all in the open-air restaurant.

There is a private cocktail party here.

Everyone is not interested in the auto industry giants, General Motors is going bankrupt, and no one brings the topic to the auto industry.

Feng Shaokun said excitedly: "GM is going bankrupt!"

“The global automotive industry is about to be in slump.”

"Guanxi, tomorrow, the stock price of BYD Auto and BYD Electronics will start to plummet."

Wang Guanxi shorted BYD Electronics' stocks and continued to make a lot of money this time.

"It's okay, hope it's up." Wang Guanxi smiled.

Wu Zhanhai of Yonglong Securities, Hao Yumao of Ping An Fund, and Guo Linhai of Guohao Financial Group, all bought BYD Electronics' stocks.

But they all felt that Feng Shaokun had made a big fuss.

So what if it keeps falling?

They can just do long-term investment, after all, BYD Electronics Group's prospects are very good.

Zhang Dexi of Catal Auto Insurance and Chen Tianqing of Asia Financial Holdings said nothing, after all, they do not hold BYD's shares.

At this time, Feng Shaokun said again: "Guanxi, this time you said BYD Auto Group and BYD Electronics Group's stock price will fall this year?"

Wang Guanxi smiled and said: "It's hard to say. It's hard to say that suppliers in the global automotive industry and automotive industry are not easy to live, and the stock price will definitely fall by more than 80%.

Feng Shaokun also said: "This is completely possible, after all, General Motors in the United States is going bankrupt."

Wu Zhanhai hurriedly said: "This is impossible. The editors of these media are purely spreading rumors about General Motors."

Hao Yumao also said: "This GM is the world's largest automobile giant. How can a century-old company go bankrupt?"

Guo Linhai also echoed: "Yes, General Motors has experienced two world wars, the Great Depression, and many economic crises, but has not gone bankrupt. What is this?"

General Motors was established in 1908 and has been around for 100 years now. How many crises have they experienced? There is nothing wrong with it.

"What you said makes sense"

"Impossible"

··

Others suddenly felt that it made sense.

No one took Wang Guanxi and Feng Shaokun seriously.

Wang Guanxi knew that General Motors went bankrupt and reorganized and returned a few years later.

But it's true that it goes bankrupt.

Now the global automotive industry and automobile suppliers are all impacted.

The stock prices of BYD Auto and BYD Electronics will definitely be in a long-term downturn starting from the second half of this year.

Thinking of shorting 14 million shares, Wang Guanxi was very arbitrary in his heart.

The stock prices of these 14 million shares of BYD Electronics Group were borrowed from Yonglong Securities, Ping An Fund, and Guohao Financial Group.

Yonglong Securities borrowed 4 million shares, Ping An Fund borrowed 5 million shares, and Guohao Financial Group borrowed 5 million shares.

This time, Wang Guanxi was betting against the three of them.

The situation is not good for the three of them now.

Because BYD Electronics' stock price has fallen to 6.00.

Wang Guanxi's account has made a profit of HK$42 million.

Now there is another news about bad news about BYD Electronics, and the three of them are also panicked.

Wu Zhanhai couldn't help but say: "The stock price is so low this time. Fidelity Investment Group in the United States is probably going to buy BYD Electronics at the bottom."

"The last time BYD Electronics fell to 5.00, Fidelity Investment Group in the United States increased its holdings, and the stock prices reached 10.00 at that time."

Hao Yumao and Guo Linhai both think it makes sense.

After all, Fidelity Investment Group has been increasing its holdings, just how much it increases its holdings and where it is.

Although the stocks they hold are trapped, they will definitely be able to get out of the trap over time.

"Come on, come on, have some wine." At this time, Zhang Dexi, who was in Catalan Automobile Insurance, came back with a slap of wine.

"Okay, drink, everyone drink some." Chen Tianqing of Asia Financial Holdings opened a wine bowl, poured a glass, and greeted him warmly.
Chapter completed!