At 4:10 pm, Wang Guanxi received a call from Feng Shaokun and asked him to play billiards and relax.

So Wang Guanxi came to the Snooker Billiards Club.

Feng Shaokun, Zhou Tianjing, and both of them are here.

This afternoon, the Hang Seng Index fell 3%, falling from 19900 to 19300, which made Wang Guanxi make a big profit.

Feng Shaokun congratulated: "Guanxi, you won a big win this time. The Hang Seng Index finally plummeted again in the afternoon of the trading session."

Wang Guanxi's No. 1 fund was opened for trading at Yongheng Securities Company, but this time it issued a new tax law implementation regulations.

[H shares are generally subject to 10% dividend income tax]

This caused the Hang Seng Index to plummet by 600 points in the afternoon, and Wang Guanxi's account net value has reached nearly HK$4 billion.

Moreover, Wang Guanxi's black shirt hedge fund also shorted the stocks of New World Development Group and Xinhe Real Estate Group, the two listed real estate giants, and also fell a lot.

Wang Guanxi shorted New World Development Group, and the money from Xinhe Real Estate Group was lent to Wang Guanxi by Yongheng Bank. He was a little worried before, but now he is not worried.

Zhou Tianjing also said: "Guan Xi, you are so amazing. You have always held short orders from the Hang Seng Index. This time it earned another HK$600 million, right?"

Several stocks he holds have been falling recently, and today it has fallen a lot. He has lost 40% on his books, and the feeling in his heart is unspeakable.

He planned to clear the stock and then went to the mainland to open an entertainment company.

The location is also selected, and it will be held in Guangshi. We will work with friends in Guangshi. At that time, Wang Guanxi will also invest in it to cooperate with Gbe Entertainment Group.

Wang Guanxi smiled and said, "It's okay, I've made a lot of money recently."

Currently, Blackshirt Insurance Company is shorting the American International Group, Blackshirt Hedge Fund is shorting the shares of the Huang Consortium, Zheng Consortium, and Hong Consortium Alliance, while No. 1 Fund, a subsidiary of the Wang Family Foundation, is shorting the Hang Seng Index.

Now there are more and more floating profits on the books, which makes Wang Guanxi feel very comfortable inside.

Zhou Tianjing said, "I plan to start an entertainment company with my friends in Guangzhou. What if you come and invest? We can cooperate and develop the market."

Wang Guanxi smiled and said, "No problem, I will let gbe film and television company invest in your company at that time."

The three of them played billiards, drank orange juice, and chatted.

At this time, six more people came.

"Oh shit!"

"Huhuhu, I didn't expect the Hang Seng Index to fall so much in the afternoon."

"Oh, fortunately we closed the long orders of the Hang Seng Index in the morning, otherwise we will be finished this time."

"Yes, yes, it scared me to death."

"He is it? If we continue to hold long orders in the Hang Seng Index, we will lose our position again in the afternoon!"

"I'm so lucky. We closed our positions early before the Hang Seng Index plummeted!"

These six people are Lu Jianting, Guan Zhenyi, Lin Jiyang, Chen Peiquan, Cai Manji, and Zhang Renliang!

The 6-member Koala International Investment Bank used 100 times leverage to make the Hang Seng Index long.

100,000 lots, the position of building is 20,000.

This morning, when the Hang Seng Index reached the 20070 position, they closed their positions, with an average closing position around 20020 and earned HK$20 million!

Close the position very timely. If they did not close the position in the morning, what they were waiting for in the afternoon was to lose the position!

The six people now feel like they are escaping from death.

Moreover, when they were about to close, they bought the Hang Seng Index again. Considering the risk issue, they just bought 50,000 lots this time.

not much.

The bottom-buying position was exactly the lowest point of the afternoon trading session, at 19280. After they finished buying at the bottom, the Hang Seng Index rose, but in the afternoon trading, the Hang Seng Index finally closed at 19300.

The average position of long orders of the Hang Seng Index for 50,000 shares is exactly 19,300, with a fluctuation point of HK$2.5 million. There is no floating loss or floating profit at present.

But next week, the Hang Seng Index will definitely rise, because [H shares are generally subject to 10% dividend income tax] should be fully paid.

This time they were waiting to collect the money.

"Shaokun, Guanxi, Brother Tianjing, you are all here"

"Haha, just right, everyone can try their best to play football skills"

"Come on, come on, come on, haven't played snooker for a long time."

"I'll have a good fight this time!"

··

Then everyone started to snooker.

An hour later, Wang Guanxi rested and opened the news.

[The US government is considering including two-bedroom bonds in the federal budget]

The White House Budget Office and the Treasury Department said the Bush administration is considering whether to include $5.2 trillion in bonds in Fannie Mae and Freddie Mac in the federal budget.

Although the federal government took over Fannie Mae and Freddie Mac on September 7, it failed to resolve the question of whether the two corporate bonds should be included in the federal budget, and did not clearly state whether the government will guarantee the bonds.

"What we should figure out is whether the government will guarantee these bonds?" Treasury Secretary Henry Paulson said.

Once the federal government decides to include two-bedroom bonds in the budget, it means the government will explicitly support the two companies’ total $5.2 trillion in bond insurance.

This is good news. With the guarantee of the US government, the US dollar's subprime bond will not default.

For global stock markets, that's a good thing.

However, Wang Guanxi knew that this was just a guarantee of the 5.2 trillion bonds of Fannie Mae and Freddie Mae, as well as the subprime bonds of Lehman Brothers, Merrill Lynch Investment Bank and Washington Mutual Bank were not guaranteed.

[Washington Mutual Bank is suspected to be the next Lehman Brothers, and its share price has fallen by 93% a year]

Washington Mutual Bank, the largest savings bank in the United States, closed down 98 cents on the New York Stock Exchange and closed at $2.32, a drop of as much as 30% on the day, and it has fallen by 44% in the past two trading days.

The intraday low of $2.3 also set a new low for the company's stock price since January 1991.

Washington Mutual Bank lost $3.33 billion in the second quarter and expects losses from subprime mortgages and other household loans to reach $19 billion by 2011.

The bank's share price has fallen by 93% over the past year.

On Thursday, Washington Mutual Bank announced that it had reached an agreement with the U.S. Savings Agency Supervision Agency, the United States, to strengthen risk management, which did not require the bank to increase its capital.

Earlier, Washington Mutual Bank had raised $7.2 billion from investors including private equity firm TPG.

The financing of $7.2 billion is destined to be wasted, and Washington Mutual Bank will also go bankrupt in the future.

Of course, before Washington Mutual Bank went bankrupt, Lehman Brothers went bankrupt first.

Wang Guanxi immediately opened the news about Lehman Brothers. He planned to short Lehman Brothers again. Tonight is Friday, and Lehman Brothers will go bankrupt next week. Tonight is a good opportunity to short Lehman Brothers!

[New Jersey Pension Fund lost $50 million for selling Lehman stock]

Lehman Brothers raised $6 billion in June by selling shares when the New Jersey State Pension Fund bought 4.2 million shares of the company's common stock for about $118 million.

The fund bought Lehman Brothers shares at $28, while the average price at the time of selling was $19.35. The fund still holds $60 million in Lehman Brothers preferred stock with a dividend yield of 8.75%.

Wang Guanxi knew that the remaining 60 million preferred shares would also become waste paper, worthless, and would pay a dividend of 8.75%.

At that time, not only will the dividend be lost, but the stock will be worthless, and the pension in New Jersey will be lost.

In the past few months, the New Jersey State Pension Fund lost $4.4 billion, accounting for about 3.1% of its total assets. More than 700,000 current and retired U.S. employees are members of the fund and rely on the pension paid by the fund to make a living after retirement.

[Lehman Brothers has negotiated with potential buyers]

Lehman Brothers has begun negotiations with potential buyers to sell the company because the company's stock price plummeted.

In addition, Moody's Investor Services said Lehman Brothers must find a "stronger financial partner" or it will downgrade its credit rating.

Bankers at other companies are reviewing Lehman Brothers’ books today, but declined to name the potential buyer.

It is speculated that it may be Mizuno Securities Company of Niben and several major investment banks in Europe.

At this time, Feng Shaokun, Lu Jianting and others came over.

"Guanxi, what are you looking at?"

Wang Guanxi smiled and said, "The news about Lehman Brothers' company"

Feng Shaokun: "I don't know if this Lehman Brothers company will go bankrupt?"

"No, it's been 159 years, how could it go bankrupt?" Lu Jianting smiled disconcerted and then went to pour coffee.

Feng Shaokun asked, "Guanxi, what do you think of Lehman Brothers?"

Wang Guanxi smiled and said: "As for now, there are almost no potential acquirers for Lehman Brothers, so Moody's move undoubtedly raises the possibility that Lehman Brothers may sell their assets at extremely low prices."

“And the market won’t give Lehman Brothers enough time to plan for their plans.”

Feng Shaokun said: "It is rumored that Goldman Sachs Bank intends to acquire Lehman Brothers. Goldman Sachs Bank still has a lot of business dealings with Lehman Brothers.

In addition, Kenichi Watanabe, president of Nomura Holdings, the largest investment bank in Nibenzene, also said that Murano Securities Company intends to acquire part of Lehman Brothers' shares.

To be honest, I want to buy Lehman Brothers' stocks at the bottom now.”

Wang Guanxi smiled and said: "Without the support of the Federal Reserve or the Treasury Department, Goldman Sachs will not plan to acquire Lehman Brothers, and the Japanese people will not be fools."

Feng Shaokun said: "Now there are several large European banks that may try to acquire Lehman Brothers with the goal of strengthening their business in the US market. Now, HSBC Holdings, the largest bank in Europe, and Deutsche Bank seems to be interested in acquiring Lehman Brothers."
To be continued...