My Age of Investment

  Chapter 1009 Ten billion pounds

  Xia Jingxing walked into the London office on the 49th floor of the Canary Wharf Tower surrounded by Li Yaozu and seven or eight other executives.

  The decoration is very luxurious and modern, the only flaw is that the work stations are sparse, which looks a bit garish.

  There are only 30 or 40 people working in an office area of ​​thousands of square meters.

  This is also the traditional feature of private equity funds. With the strategy of elite soldiers, the per capita output is much higher than that of traditional financial companies such as banks, securities, and investment banks, so it is called the crown jewel of the financial industry.

  Li Yaozu took Xia Jingxing around the office area briefly, and then took him to the chairman's office reserved for the boss.

  Today, Envision Capital has opened up offices in San Francisco, New York, Hong Kong, Magic City, Beijing, Chengdu, etc. on a global scale. Each office will reserve a chairman's office for him.

  Although Xia Jingxing may not be able to go many times a year, no one makes mistakes on such trivial matters. The boss can't come, can you only sit in the conference room and the lobby outside?

  Walking into the chairman's office and taking a look, Xia Jingxing nodded secretly. It was his favorite style. Listening to Liu Xiaoduo's words, Li Yaozu often asked her secretary about the boss's preferences.

  It seems that this Aberdeen is not only good at business, but also has a good idea.

  Xia Jingxing sat down on the soft sofa and patted, “I’m interested! The arrangement is so good, it seems that I will come to the London office often in the future.”

  Li Yaozu grinned, “The London office is newly opened, and Mr. Xia still needs more guidance.”

  Xia Jingxing waved his hand, "Okay! I won't say anything extra, and report this month's results."

  "With the help of Goldman Sachs UK and Morgan Stanley UK, we currently have a net short position of 5 billion pounds in our London office..."

  Xia Jingxing listened quietly, the two major investment banks have complete financial networks and contacts all over the world. It is undoubtedly a lot easier to spend some money to use the network of these two companies.

   "Rice Bank sold 129.1 million shares short at an average price of 261.75 pence, with a short position of 338 million pounds, accounting for approximately 1.76% of the bank’s total equity."

  "Halifax Bank of Scotland, short position of 216 million pounds..."

   "Barclays Bank, short position 350 million pounds..."

  "Royal Bank of Scotland, short position 292 million pounds..."

   "Lloyds Bank, short position of 260 million pounds..."

  "HSBC Holdings, short position of 500 million pounds..."

  ……

   After the quick report was completed, Li Yaozu handed the documents in his hand to Xia Jingxing, “A total of 34 financial companies in the UK were shorted, including the five largest commercial banks in the UK and large financial institutions such as Standard Life and United Credit.”

  Xia Jingxing took the document, read it carefully, and paused on the name of HSBC Holdings for a while.

  This bank opened in Hong Kong in 1864. In the same year, the first branch was established in Magic City. The full name is Hongkong and Shanghai Banking Corporation Limited (The Hongkong and Shanghai Banking Corporation Limited). The English abbreviation is HSBC, where H refers to Hong Kong and S refers to Magic City.

The Chinese translation of    contains the word "HSBC", which also means "remittance abundant". It was originally called the Bank of America, which was changed to HSBC by the son of Zeng Guofan.

  Since its establishment, this bank has been targeting the Chinese market.

First, he made a lot of money from the opium trade, and then Li Hongzhang engaged in the Westernization Movement and asked it to borrow money. Hu Xueyan was bankrupted by it and Li Hongzhang borrowed money. The Sino-Japanese War of 1894-1895 and the Xin-Chou Treaty indemnities were also guaranteed by the Qing government with tariffs and salt taxes. Mortgage the money it borrowed... the figure runs through a century of modern history.

  49 years later, it was notoriously unable to knock bones on the rabbit people, so its business focus moved to Hong Kong Island.

  After the return of Hong Kong Island, Sa Yazi ran away again in the 1990s and withdrew the headquarters to the United Kingdom.

  To this day, HSBC Holdings has been listed and traded on five stock exchanges in New York, London, Hong Kong, Paris and Bermuda, with business in 124 countries and regions around the world.

  The New York Stock Exchange listed HSBC, Xia Jingxing has arranged Liu Hai to short, and he does not intend to let go of HSBC’s listing business in the UK, Paris, and Hong Kong.

  Forget the Bermuda side, the size is too small, mosquito legs.

   Gently put the file on the table, Xia Jingxing said, "Is 5 billion pounds in the UK enough? This is an old capitalist empire, with a thicker blood bar!"

  Li Yaozu smiled slightly, “Mr. Xia, we have already wiped out the 34 largest financial institutions in the UK. It would be inappropriate to invest more money.

  Because as far as I know, people from Paulson Fund and Soros Quantum Fund have also started to do it.

  Our three companies are shorting British financial stocks together, with short positions as high as tens of billions of pounds.

  If the British government joins forces with local financial institutions to release some good news and pull up a wave of stock prices, we, Paulson and Soros may scramble to buy stocks and close positions and face the risk of short-squeezing.

  The amount of funds is scattered a little, which is convenient to deal with some unexpected unexpected situations.

  Even if someone does the game, they can only operate one or a few stocks at most. We only have a small loss and accept the plant. They can't afford the entire market, and they are still profitable overall.

  And this time it is a systemic financial risk. All financial institutions cannot escape market sanctions, and they don’t have to be too attached to a certain country’s market or a certain company. "

  Xia Jingxing nods slightly, Li Yaozu's view is very objective. Don't look at the situation now, but if you are careless, hunters will become prey.

  Now that Vision Capital holds tens of billions of capital, there is no need to perform dangerous operations for temporary pleasure or convenience. Once the financial crisis is completely detonated in Europe, it will be the winner, and no one will be able to overcome the storm.

  "The layout of the British market is basically over. What do you think of the European market next?"

  Li Yaozu replied: “There are many small European countries, and the major powers are the old powers such as Germany, France and Italy. It is also our next target.

  However, their financial industry is not as developed as in the UK, and they can eat up to 5 billion pounds in funds. "

  Xia Jingxing tapped his finger on the desktop. At this time, the exchange rate between the British pound and the U.S. dollar is 1.99. If Europe can eat 10 billion pounds, then the US$20 billion short-sale funds planned by Envision Capital outside the US market will have a place.

   "Okay, you arrange first. If there is surplus funds, we will invest in other markets."

  Li Yaozu nodded, indicating that he had no objection and obeyed the arrangement.

  …………

  …………

  On the first day of February, a major news came from the U.S. stocks: the software industry giant Microsoft wanted to bid $44.6 billion to acquire the Internet search engine Yahoo.

  Because Microsoft’s offer was a 62% premium to Yahoo’s closing price on January 31, Yahoo’s stock price soared by 43% on that day, Microsoft’s stock price fell by 6%, and Google’s share price plummeted by nearly 10%.

  At the same time, because the effect of interest rate cuts is gradually disappearing, the U.S. stocks once again made a shot of blood, and the three major stock indexes all rose, resulting in a loss of two or three billion US dollars on the book of Envision Capital!

  Xia Jingxing received a call from Liu Hai, and there were 10,000 grass-and-mud horses galloping in her heart, so who did it provoke? It's simply a disaster.

Not long after    hung up Liu Hai’s call, Xia Jingxing’s cell phone rang again.

  He picked it up and looked at it. After seeing the caller ID, he suddenly felt refreshed.

   "Jerry, congratulations!"

  (End of this chapter)