241 High above the awesome Imperial Bank of India!(1/2)
At this moment, Feng Shaokun, as he watched the Hang Seng Index fall to 18040, suddenly exclaimed: "Oh my God, Guan Xi, is this Hang Seng Index going to collapse today?"
The Hang Seng Index first plunged 1,000 points, but now it has plummeted by nearly 300 points. It's really terrifying.
He felt that the Hang Seng Index was about to collapse today.
In particular, the Hong Kong government does not intend to interfere in the stock market, nor will it control the inflow of funds or outflow of Hong Kong.
You should know that Hong Kong is one of the world's financial centers, with currency and capital flowing freely. There are a lot of investments in the United States, Japan and Europe.
Now the financial crisis has broken out in the United States. In order to alleviate their own crisis, many American companies sell various financial assets in Hong Kong in exchange for Hong Kong dollars, and then exchange them into US dollars to save themselves.
For example, American International Group has begun a self-rescue model. The ones that hold the most of these international assets are stock assets. The Hang Seng Index may really collapse under the huge sell-off.
Wang Guanxi smiled and said, "Brother Feng, you are too worried, it's not that serious."
Central banks of all countries have tried various ways to transfusion blood to the financial market to avoid the expansion of the financial crisis. Although the stock market fell a wave, it quickly soared, and then the stock market turned around and fell sharply.
The financial crisis in 2008 is said to be a once-in-a-century encounter, which is no joke. The unemployment rate in the United States hit a record high, and I don’t know how many people have lost their jobs in the financial industry.
It’s like Lehman Brothers went bankrupt, and so many employees would all be unemployed. Companies that had business cooperation with Lehman Brothers were more or less affected.
The one that was hit hardest by Lehman Brothers was the American International Group, and other companies were also hit hard by American International Group.
This is like a domino, spreading and more and more companies are being hit.
The banking system was paralyzed ( Wall Street layoffs severely), bad debts were large, and per capita debts soared, resulting in insufficient consumption and weakening investment confidence, which put a large number of companies, including automobile giants such as General Motors Ford Chrysler, on the verge of bankruptcy, resulting in a large number of layoffs to make ends meet in the livelihood. In the end, the once-in-a-century global economic crisis came.
Feng Shaokun said, "Maybe I was worried too much. Alas, this Lehman Brothers company went bankrupt.
American International Group is on the verge of bankruptcy, and Washington Mutual Bank is also on the verge of bankruptcy. The big banking industry has also suffered a huge impact. I don’t know if Washington Mutual Bank will go bankrupt?"
What he knows is that Wang Guanxi made a lot of money by shorting Lehman twice. He shorted Lehman Brothers for the last time. Lehman Brothers went bankrupt, and now Wang Guanxi shorted Washington Mutual Bank again. He thinks that this giant bank may also go bankrupt.
Why does he think Washington Mutual Bank will go bankrupt?
Because Wang Guanxi shorted Washington Mutual Bank, the probability of bankruptcy of this giant bank increased, just like Lehman Brothers, went bankrupt.
To be honest, he never thought that Lehman Brothers, a major Wall Street investment bank in 150, would go bankrupt, but Lehman Brothers was bankrupt.
At this time, Wang Guanxi smiled and said, "Maybe Washington Mutual Bank will really go bankrupt, and banks around the world will also be affected."
Currently, Washington Mutual Bank is negotiating with Morgan Bank Group. Once the giant bank of Washington Mutual Bank goes bankrupt, then other banks will not have any crisis.
"Guanxi, fortunately, our family heard you tighten your loans and withdraw from the real estate industry..." Feng Shaokun was still a little scared when he said this.
Yongheng Bank is just a small and medium-sized bank in Hong Kong. It is not a big bank and its operations are very conservative. After listening to Wang Guanxi's words, Yongheng Bank lost a lot of money.
Wang Guanxi smiled and said: "The crisis will soon spread to Hong Kong's financial industry, even all walks of life..."
Although Lehman Brothers went bankrupt, the real financial tsunami has not yet swept the world.
Feng Shaokun said: "Yes, this time the Hang Seng Index plunged by 1,000 points, and probably many investment institutions were breached."
Wang Guanxi smiled and said, "That's for sure, Koala International Investment Bank has already lost its position."
Last Friday, Lu Jianyan and others bought the Hang Seng Index at the bottom of 50,000 hands, and then the Hang Seng Water Dived by 1,000 points this Tuesday. It is estimated that they have already lost their positions.
At this time, the phone rang, and it was Lu Jianting from Koala International Investment Bank.
Wang Guanxi then connected and asked, "Brother Lu, what's the matter?"
Could it be that Kooka International Investment Bank has lost its position?
On the phone, Lu Jianyan said, "Guanxi, alas, we have lost our position. Now we are in debt. Kowloon International Investment Bank is already insolvent. I just want to ask you if you are interested in acquiring Kowloon International Investment Bank?"
This time, Kooka International Investment Bank lost its position on the Hang Seng Index, losing 2.8 billion Hong Kong dollars and liabilities of 300 million Hong Kong dollars. The 300 million Hong Kong dollars bank is urging the loan.
Kooka International Investment Bank now has HK$150 million left on its books, and has paid off HK$150 million and has still lost HK$150 million in debt.
The six of them wanted to pay it back, but they couldn't afford it.
Because the six of them are also heavily in debt, the six of them jointly traded and liquidated their positions once before, and lost a total of HK$3.6 billion, each of them lost HK$600 million.
Now they themselves are insolvent.
Completely finished.
"Now the Hong Kong Branch of the National Bank of India plans to take away Koala International Investment Bank"
Speaking of this, Lu Jianyan sighed.
"National Bank of India?" Wang Guanxi was stunned and asked, "Isn't this the Imperial Bank of India?"
Lu Jianyan said, "Well, yes, another name for the National Bank of India is Imperial Bank of India, tm. Now they are going to take the Koala International Investment Bank."
This time they lost their positions on the Hang Seng Index, owing the bank HK$300 million and losing HK$150 million. Because the Indians have not yet paid back the money, Koala International Investment Bank will be taken away soon.
This bank is the branch of the National Bank of India (Imperial Bank of India) in Hong Kong.
Imperial Bank of India is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with US$501 billion in assets and 15,003 branches, including 157 overseas offices.
It is the largest banking and financial services company in India.
"The Indians said to give us half a day to prepare"
If Koala International Investment Bank is taken by the Indians, it will be taken away for nothing, and the six of them will not get a penny.
Now I look for Wang Guanxi just to buy it.
"Guanxi, are you interested in acquiring Kooka National Investment Bank? Now the net assets of Kooka International Investment Bank are negative HK$150 million."
Wang Guanxi said: "I will arrange for the legal team to review it first."
"Okay, as soon as possible." Lu Jianyan was a little anxious.
After the call, Wang Guanxi said to Feng Shaokun: "This Imperial Bank of India intends to take away the Koala International Investment Bank."
At present, the assets of Kowloon International Investment Bank are already negative, and he plans to acquire them. After all, Kowloon International Investment Bank still has HK$30 billion in customer assets, which is a merger of six financial companies.
When Feng Shaokun heard this, his face changed slightly and he said, "Guan Xi, you are robbing the Indian Imperial Bank of China."
This Imperial Bank of India is a top 500 company in the world. Compared with Imperial Bank of India, Yongheng Bank is insignificant, dozens of times larger.
This Kyushu International Investment Bank is just a small investment bank. Like Yongheng Securities Company, does Wang Guanxi really want to offend Imperial Bank of India?
Then he couldn't help but remind: "Guanxi, the strength of this Imperial Bank of India cannot be underestimated, and its branches all over Asia are very awesome."
Wang Guanxi said dismissively: "So what? Come and do it if you have the guts."
Then he called Liu Zhonglun from the Black Shirt Legal Company and asked him to take his legal team to Kyuubang International Investment Bank.
"Mr. Liu, bring people here right now"
“Okay, boss”
··
At this moment, Koala International Investment Bank.
Lu Jianting, Guan Zhenyi, Lin Jiyang, Chen Peiquan, Cai Manji, Zhang Renliang and others faced an Indian man, the second man was named Ferroz, who was the president of the Hong Kong branch of the Imperial Bank of India.
Ferroz was the president of the Hong Kong branch last year. This time he brought his lawyer to Kyushu International Investment Bank, intending to take away the company and expand the strength of the branch.
After all, this Kyuubang International Investment Bank has HK$30 billion in customer assets. If it is done well, it can bring a lot of profits.
Of course, he would not give these Chinese people a penny to take away the Tortoise International Investment Bank.
Currently, Koala International Investment Bank owes HK$150 million in debt to the Hong Kong Branch of Imperial Bank of India, and has no money to pay the debt, so he will not be polite.
Thinking of this, Ferroz said, "Everyone, sign the contract, I will pay you six of you an additional HK$1 million each, otherwise you won't get a penny."
The six people were still calling for help from others, trying to find a buyer when the Imperial Bank of India took the Kowloon International Investment Bank and sold the Kowloon International Investment Bank. Haha, I was overthinking.
Now Koala International Investment Bank has a debt of HK$150 million, and if you buy it, you have to bear HK$150 million. Moreover, the brokerage business of Koala International Investment Bank is not very good, and it is completely because the client broker level is too poor.
The transaction volume of this HK$30 billion customer assets is also very small. Many customers are waiting and watching, and the enthusiasm for transactions is not high. The Kyuubang Investment Bank does not have much commission every day.
Now Ferroz feels that giving Lu Jianyan and others a daily reward of 1 million yuan is also considered to be the virtues of their ancestors.
These Chinese people are not aware of being polite.
Thinking of this, he said, "Mr. Lu, don't expect to find a buyer, no one will be willing to buy the debt-ridden Kooka International Investment Bank."
Although HK$150 million is not much, the securities business of Khumiao International Investment Bank is very poor, with very few commissions and even worse proprietary business. All of them are in full swing, and the account is directly lost to debt.
I have to say that the investment level of these Chinese people is really very bad. He looks down on these people from the bottom of his heart, so each person is rewarded with 1 million yuan, which is also a compliment to the six of them.
Lu Jianyan had a gloomy face. Ferroz was just sending them out like beggars!
Once upon a time, the six of them would care about the HK$1 million. Once upon a time, the six of them would be afraid of the debt of HK$150 million?
However, when they broke the position on the Hang Seng Index twice, they were also heavily in debt and insolvent.
Now that Indians are looking down upon, everyone is very frustrated.
Moreover, Wang Guanxi said that the legal team came here, and she didn’t know if she would actually come to buy Koala International Investment Bank.
But if Wang Guanxilai had said that the six of them could at least get some money.
Although Lu Jianyan was very angry, he had to suppress his anger and still licked: "Mr. Ferroz, can you wait for later? We have something to discuss."
Now he can only waste time and wait for Wang Guanxilai, otherwise if the Imperial Bank of India directly takes away the Koala International Investment Bank, the six of them will have nothing.
Guan Zhenyi also said: "Mr. Ferroz, can you wait for a while? We will find the buyer immediately, HK$150 million, and you will not be missing a penny."
To be continued...