At 9 pm, Wang Guanxi came to the Central Financial Private Club.

This is a place where financial elites gather. Tonight, many people are talking about business, such as selling financial assets under their own name or company directly at market prices, equity in non-listed companies, or real estate, such as real estate, property...

Of course, there are also everyone working together to make venture capital and share risks.

Several acquaintances are there.

Winglong Securities Company, Wu Zhanhai.

Asian Financial Holdings, Chen Tianqing.

Dingyi Financial Company, Li Guangyu.

Guohao Financial Group, Guo Linhai.

Xizheng International Securities, Guan Wenwei.

Nanhua Securities, Wu Hongsheng.

Kanghong Global Insurance, Chairman Chu Jianming.

Everyone has been doing well recently, the stock market is rising and bond yields are stable.

Wu Zhanhai lived a good life because he had previously mortgaged some of the listed companies held by Winglong Securities to the bank, obtained a loan, and then went to buy the Hang Seng Index at the bottom, and had a total of 4,000 lots. Now the account has a floating profit of HK$400 million.

Wu Zhanhai is very enthusiastic: "Guan Xi is here, come, have a drink."

"Okay" Wang Guanxi then had a drink with Wu Zhanhai.

Then Wu Zhanhai asked, "Will Feng Shaokun come with you?"

Wang Guanxi: "Let's go find a woman"

Chu Jianming, chairman of Kanghong Global Insurance, bought a combination bond sold at 60% off by Hong Kong Blackshirt Insurance, and a combination bond worth 500 million yuan, and sold it to them for 300 million yuan.

He made 40% of his money on the spot. After learning that Wang Guanxi was the boss of Hong Kong Blackshirt Insurance, he immediately came to say hello to Wang Guanxi and made friends.

Wang Guanxi smiled and said, "Mr. Chu, come and have a drink."

Chu Jianming, chairman of Kanghong Global Insurance, bought toxic combination bonds, and he lost all his money by then. I heard that Kanghong Global Insurance bought a large number of Wall Street combination bonds, and has taken a lot of stable interest over the years, and also held a lot of US stocks, many of which are bank stocks.

This time, Kanghong Global Insurance was very happy. The combination bonds were sold to Kanghong Global Insurance at a 40% discount, which also consumed Kanghong Global Insurance's cash flow. When this shock wave came, there was not enough cash. In addition, major banks tightened loans, Kanghong Global Insurance would inevitably be over.

"Okay, have a drink." Chu Jianming clinked his glasses with a smile.

No one is even more stupid than Wang Guanxi, who actually sold the combined bond worth 500 million to them for 300 million!

Everyone had a chat,

Li Guangyu of Dingyi Financial Company, Guan Wenwei of Xizheng International Securities, and Wu Hongsheng of Nanhua Securities learned that Wu Zhanhai of Yonglong Securities Company had gained 400 million in the Hang Seng Index, and they were envious.

Li Guangyu couldn't help but say, "Brother Zhan Hai, you're amazing. Why didn't you say anything when you bought the bottom last month?"

Guan Wenwei said with some admiration: "Damn, the account profit is 2,000 points, you are awesome."

Wu Hongsheng asked: "This time, you will make back all the losses in stocks this year?"

Wu Zhanhai took a drink and shook his head: "Not yet"

But he changed his subject and said, "I will close my position after making more than 4,000 points this time. Oh, I have never caught such a market."

"I really copied the right one last month's bottom"

They discuss the future trend of the Hang Seng Index.

Chen Tianqing of Asia Financial Holdings is not very interested and drinks alone.

Guo Linhai of Guohao Financial Group is talking about cooperation with people from several financial institutions.

Wang Guanxi listened to Wu Zhanhai and others analyzing the future market trends and thought a little.

He has not invested in stocks recently. He has to rest, but he has really no stocks to operate.

As for shorting the Hang Seng Index, it will take until September. Now he is not in a hurry and dares to enter the market rashly. If the position is broken, who will we cry?

However, Wu Zhanhai, who quietly went to buy the Hang Seng Index last month, had a floating gain of 2,000 points, and it was only now that he said it.

Seeing that Li Guangyu, Guan Wenwei and Wu Hongsheng were so interested in the Hang Seng Index, it was obviously inspired by Wu Zhanhai.

Wang Guanxi shook her head and continued to drink.

He returned home at 11 p.m.

Today is August 3rd, Sunday.

A lot of things have actually happened these days.

[Ford Motor Co., Ltd. lost $8.7 billion in the second quarter]

[GM in the United States lost 15.5 billion in the second quarter, the third highest in the company's century history]

The stock prices of Ford and General Motors have been hit hard, and the stock prices of listed companies in the global automotive industry have fallen to varying degrees. Fortunately, Wang Guanxi's Hong Kong Blackshirt Insurance Company cleared the stocks of BYD Auto and BYD Electronics early, otherwise there would be a significant loss.

Today, Hong Kong Blackshirt Insurance Company has a liability of 3.7 billion yuan, an asset size of 3.6 billion yuan, a liability reserve of 2 billion Hong Kong dollars, a current cash of 400 million yuan, a financial asset of 1.2 billion yuan, and a net liability of 100 million yuan.

However, these 1.2 billion financial assets are very good financial assets. Before the financial tsunami swept the world, there was room for value-addedness, so Wang Guanxi did not intend to rush to sell it.

The financial market has been surging recently, and it seems that an ominous sign is brewing.

But no one is aware of the arrival of risks, and the stock market is still rising overall.

Although many companies suffer losses, everyone ignores the same thing. When these bankrupt companies do not exist, many companies go bankrupt every day around the world, and few people think there will be a major financial crisis.

The Wall Street investment bank [Lehman Brothers], which triggered a financial tsunami, is still alive.

News also reported: [Lehman Brothers considers selling its asset management department for $8 billion]

Lehman Brothers Bank acquired neuberger for US$2.6 billion five years ago. Now it is sold for US$8 billion, and it still needs to make a lot of money?

But it cannot be avoided!

[Merry Lynch Investment Bank to sell $8.5 billion in stocks and sell bonds]

Merrill Lynch Investment Bank is the third investment bank in the United States and will be acquired by Bank of America in the future. This time, Merrill Lynch Investment Bank intends to sell $8.5 billion in stocks and sell $30.6 billion in bonds at a 1/5th of the par value to support the credit rating jeopardized by mortgage losses.

"This Merrill Lynch Investment Bank will be done soon."

"I have to start an investment bank in the future." Thinking of this, Wang Guanxi couldn't help but look forward to it.

What is an investment bank?

It is usually a securities company in the country, and it is usually called an investment bank overseas.

However, there is still a little difference between investment banks and securities companies. Of course, to be precise, there is still a little difference.

When this global financial tsunami hit the world, many investment banks would be over, and many securities companies would be over in Hong Kong. Wang Guanxi would buy it at a bargain price.

[The six major European banks have written off $31.7 billion in Merrill Lynch sale triggered a wave of write-downs]

The six major banks will write down a total of US$31.7 billion, of which UBS expects the largest write-down, with a maximum of CHF 8.4 billion (about US$8 billion), while Deutsche Bank has a write-down expectation of 5.6 billion euros.

"The big European banks have also been hit, but the European stock market, the US stock market, and the Asian stock market are still rising."

The stock market has been rising recently, setting new highs, but Wang Guanxi feels that he can short.

Originally, Wang Guanxi had always wanted to wait until September 14 and then short the Hang Seng Index, but now he found that it seemed that it could be done ahead of schedule.

Then Wang Guanxi opened the Hang Seng Index and looked carefully. The Hang Seng Index is currently at 23,300.

On August 20, 2007, the Hang Seng Index began to rise from the 20850 position, and on November 1, 2007, the Hang Seng Index rushed to the 32000 position and began to turn and fall. On March 18, 2008, the 20800 position was a small bottom, and then it began to rise. On May 7, 2008, it rose to the 26300 position, and then turned and fell. On July 15, 2008, the Hang Seng Index fell to the 20900 position, which was the second small bottom, and then began to rise, and now it is at the end of the 23300 position.

"The locations on August 20, 2007, March 18, 2008, and July 15, 2008 are connected to one straight line."

"On November 1, 2007, and on May 7, 2008, it is a downward tilt line with a 35-degree angle!"

"The Hang Seng Index is now at 23300, which is on this downward tilt line at a 35-degree angle. This is the third small top, which means that this is the highest point in the next few months."

Thinking of this, Wang Guanxi felt happy. This is the perfect short position.

Then he narrowed the k-line chart and looked at it.

"After the k-line chart of the Hang Seng Index is reduced, it will be a descending triangle pattern!"

Declining triangle: It is the competition between the bulls and bears in a certain price area. The bearish side continues to increase the selling pressure, and the stock price will sell before it has rebounded to the last high point. The bulls stick to the defense line of a certain price, so that the stock price will be supported every time it falls to this level. In addition, the formation of this pattern may also be caused by someone entrusting the price to ship until the source of goods is sold out.

Of course, there are two types of triangle shapes, ascending triangle shapes and symmetric triangle shapes.

What is formed here is a descending triangle shape, and Wang Guanxi thinks this is a perfect opportunity to short.

If it were normal, he would definitely not dare to short, for fear of being beaten to liquidate his position, but now it is different.

"Damn, I'll short here tomorrow!"

Thinking of this, Wang Guanxi called Feng Shaokun from Yongheng Securities Company overnight.

The phone number was not answered, so continue to call.

At this moment, Feng Shaokun was having an appointment with a girl in his mansion. The two of them were drinking and making out on the sofa. The phone kept ringing, so he had to put down his glass and go to the counter.

"Anyway?"

When he saw that it was Wang Guanxi, he picked up the phone.

The phone is connected.
To be continued...