At 12 noon, Bai Weiqiang found Jiajin Investment International and sold 400 million HSBC shares.

At 4 pm, all financial assets and real estate were sold out.

A total of HK$6.6 billion was cashed out, and the financial assets were sold at market prices. This is what made Wang Guanxi the most satisfied.

Although Penguin Group and HSBC's share price will rise for a few more days.

But it quickly turned around and fell.

Of course, HSBC's stock is just strong for the time being.

When the financial tsunami came, HSBC's stock price first plummeted, then soared, and then continued to plummet!

It has been falling for several months.

Wang Guanxi plans to short HSBC's stocks, of course that was in early October, and it is still far away now.

The balance sheet of Blackshirt Insurance Company is currently perfect.

Total assets of HK$15.8 billion, responsible reserves of RMB7.2 billion, current cash of RMB6.6 billion, financial assets of HK$2 billion (exchanged into US dollars, shorting Lehman Brothers stocks, floating profits of US$160 million, unrealized profits are not counted for the time being)

The total liabilities are HK$14.2 billion, of which HK$500 million is a loan from Yongheng Bank.

Net assets, HK$1.6 billion.

Currently, with HK$6.6 billion in cash flow, you can do something big.

After thinking about it, Wang Guanxi planned to repay the loan from Yongheng Bank first, so she paid HK$500 million to Yongheng Bank.

There are still HK$15.3 billion left in total assets.

The total liabilities are HK$13.7 billion, and the net assets are still HK$1.6 billion.

Spending HK$500 million and cash flow of 6.1 billion, Wang Guanxi plans to continue shorting Lehman Brothers' stocks tomorrow night after the U.S. stock market opens.

Thinking of this, Wang Guanxi called Huang Shaokai and said one after another: "Continue to borrow Lehman Brothers' stocks, and tomorrow on September 1, the US stock market will open on Monday night and continue to short Lehman Brothers!"

"Yes, boss!" Huang Shaokai hurriedly left and called aig group.

aig Group is the major shareholder of Lehman Brothers and has long held shares of Lehman Brothers.

Of course, Wellington Asset Management is also a major shareholder of Lehman Brothers, and has long held its shares.

I borrowed it once before, and the second time went very smoothly. Aig Group borrowed 80 million shares.

Blackshirt Insurance Company took out 6 billion in cash and converted it into US dollars, 774 million.

At 7 pm, everyone signed the agreement again and paid high interest to Aig Group every day!

On August 29, I borrowed 20 million shares, and today on August 31, I borrowed another 80 million shares.

In short, Blackshirt Insurance Company has borrowed 100 million shares of Lehman Brothers from Aig Group.

A total of $1.2 billion.

The interest rate for one month is 2%, and the interest rate for one year is 24%, which is very high!

Why is it so high? Because Lehman Brothers is now in a lot of difficulties, Aig has specifically raised interest rates.

By doing this, Blackshirt Insurance Company needs $800,000 in interest per day to aig Group.

This is like loan shark.

aig Group also knows that Blackshirt Insurance Company is shorting Lehman Brothers' shares, and Blackshirt Insurance Company also knows that Aig Group knows that it is shorting Lehman Brothers' shares.

Both sides know what the idea was in their hearts.

Blackshirt Insurance Company is just to bet on Lehman Brothers going bankrupt.

It’s okay for aig Group to block Lehman Brothers. They originally planned to hold Lehman Brothers’ shares for a long time!

Lending Lehman Brothers shares to Blackshirt Insurance can also get high interest rates.

The interest rate is 2% per month, and it is 24% per year!

Blackshirt insurance companies can short as long as they want.

Brian Schreiber, head of Asia and global vice president of American International, came to the headquarters of Blackshirt Insurance.

Huang Shaokai said to Wang Guanxi: "Boss, this is the Asian head of Aig Group, Brian Schreiber."

Schreiber holds a bachelor's degree in finance from New York University and an MBA from Columbia University. He joined Aig in 1997 as a portfolio manager at Aig Asset Management Group.

Since then, he has gradually held various positions and assumed more and more responsibilities until he was appointed vice president of strategic planning at Aig in 2002, senior vice president of 2003, and in 2005, he was appointed executive vice president of Treasury and Capital Markets.

Currently, he is the highest person in charge of Asia and has been stationed in Hong Kong for a long time.

"Hello, Mr. Schreiber" Wang Guanxi stretched out his hand enthusiastically.

Brian Schreiber was also very enthusiastic about shaking hands with Wang Guanxi, "Mr. Wang, I didn't expect you to be so young. Hello, I'm very happy to see you."

The boss behind this black shirt insurance company didn't expect to be so young, but he was very brave!

He actually dared to borrow so many Lehman stocks to short Lehman Brothers, and the interest rate was 2% per month and interest of US$800,000 per day.

In short, Blackshirt Insurance Company has to pay US International Group a HK$6.2 million interest every day!

Very cost-effective!

He was really satisfied with this business.

No one doesn't like adventurous fools!

A fool comes to take risks, which means he comes to give money.

This black shirt insurance company will be ruthlessly cut off the leeks!

Thinking of this, Brian Schreiber felt happy. After drinking several times of tea, he smiled and said, "Mr. Wang, we have a happy cooperation, and I wish you good luck."

"Lehman Brothers' stock may be sluggish for a long time, I hope you can short for a long time"

In his eyes, Lehman Brothers' stocks will be sluggish for a long time, and then after the problem is solved, Lehman Brothers' stock prices will also rise sharply.

He hopes that Wang Guanxi's black shirt insurance company can short for a long time, and then allow Aig Group to get more interest. If you do it well, short for half a year, or even one year.

If it is one year, it will bring US$288 million in interest income to Aig Group, which is a performance.

Wang Guanxi also smiled and said, "Schleiber, we have a happy cooperation. We can cooperate more in the future. Haha, I will definitely short for a long time."

Brian Schreiber is also a fool in Wang Guanxi's eyes. Blackshirt Insurance Company only shorted for a few days.

Then the stock will be returned to Aig Group. When Lehman Brothers go bankrupt, Aig Group will lose all its money.

Do you still want to covet my high interest rates?

And after the Lehman Brothers were finished, Aig's blood-wrenching song was waiting for the future drama.
Chapter completed!