Rebirth of the Financial Crisis Sweeping the World

Chapter 158: 158 Clearance! Black shirt insurance cash flow 800 million!

Then Wang Guanxi carefully looked at the specific position of Wing Lung Insurance Company.

At present, Wing Lung Insurance holds 25 million shares of China Resources Beer, and the opening position is 22.00 yuan per share.

Today, the stock price of China Resources Beer is still fluctuating at 10.00 per share, with a floating loss of 12 Hong Kong dollars for one share, and a floating loss of 300 million Hong Kong dollars for 25 million shares.

China Resources Gas has a floating loss of 75 million.

China Resources Cement has a floating loss of 25 million.

A total of 400 million Hong Kong dollars was lost in the three listed companies under China Resources Group.

If Wu Zhankun hadn't increased his holdings in the listed companies of the China Resources series, Wing Lung Insurance would have fallen into the plight of liquidity shortage early, and Wing Lung Insurance would not have been acquired so quickly.

But now this landmine is in the hands of Wang Guanxi, and he wants to get rid of it. Fortunately, after several rounds of sharp falls in the stock prices of listed companies in the China Resources series, they can no longer fall at a low level for the time being, and they may rise sharply next week. Wave.

There are many problems with Wing Lung Insurance, but fortunately, Catalan Auto Insurance has no problems!

Recently, I cashed out all stocks, bonds, including real estate at the high level of Catalan auto insurance.

Because the stocks held recently have risen a lot, Catalan Auto Insurance has cashed out 300 million in cash. That is to say, Catalan Auto Insurance does not hold any financial assets, and all of them exist in the form of cash.

Catalan auto insurance has total assets of 600 million, total liabilities of 500 million, and net assets of 100 million.

The total assets are 600 million, of which 300 million are liquid cash and 300 million are liability reserves.

The CEO Huang Shaokai did a great job.

Wang Guanxi praised Huang Shaokai who was beside him: Boss Huang, you have done a good job.

Huang Shaokai smiled and said, Boss, it's because of your good advice.

Haha Wang Guanxi smiled: Mr. Huang, you are also quite good at operating.

At this time, Huang Shaokai asked: Boss, Wing Lung Insurance has been privatized successfully. Why don't we merge the two companies to reduce expenses and costs. It turns out that Wing Lung Insurance has a lot of lazy people. I plan to fire them.

Wang Guanxi thought for a while and said, Well, let's merge the two insurance companies and let the funds from Catalan Auto Insurance come in.

Yes, boss. Huang Shaokai looked excited.

Then the two companies merged together and changed their name to Hong Kong Heishan Insurance Company, which belongs to the Heishan Group.

The six executive directors of the company are Wu Zhankun, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng, and Huang Shaokai.

At the same time, Huang Shaokai served as the CEO of Hong Kong Blackshirt Insurance Company,

Many executives were also fired to reduce costs.

Blackshirt Insurance currently has a debt of 3.7 billion, and its total assets are 3.6 billion, including 300 million in cash flow, 1.3 billion in liability reserves, and 2 billion in financial assets.

Of course, the net worth is negative 100 million!

But don't worry.

Because of the 300 million cash flow, the Hong Kong Blackshirt Insurance Company will not obviously dry up its liquidity, and then GG.

Now Hong Kong Blackshirt Insurance also holds a large number of combined bonds and stocks, such as China Resources Beer, China Resources Gas, China Resources Power, China Resources Cement... Sinopec.

Just wait for these stocks to rise, before the outbreak of the global financial crisis, these stocks will rise again, and then plummet.

Wang Guanxi opened his mouth and ordered: Mr. Huang, sell all the portfolio bonds of Hong Kong Blackshirt Insurance Company. If there is no one left, you will get back as much as you want.

Then all the stocks will be emptied slowly, so that most of the assets will be turned into cash.

Now Hong Kong Blackshirt Insurance Company has assets of 3.6 billion, many of which are stock assets. When stocks rise, the assets will also increase.

The rise in stocks can increase the value of these 3.6 billion assets to 4 billion assets, so the net assets of Hong Kong Black Shirt Insurance Company will be 400 million Hong Kong dollars.

Of course, this is just the book calculation of the stock.

If the stock falls, the 3.6 billion assets may be reduced to 3.2 billion assets, so the net assets are negative HK$400 million.

Before the global financial tsunami, cash was king.

Then Wang Guanxi emphasized: Remember, you must be slow, and strive to cash out more cash.

Yes, boss. Huang Shaokai nodded solemnly.

Next, on Saturday, weekend, and Monday, Hong Kong Blackshirt Insurance Company threw out all its portfolio bonds, including Bank of Merrill Lynch, First National Bank of Nevada, First Traditional Bank of California...Washington Mutual Bank, Lehman Brothers.

Many insurance companies and financial institutions have taken over at low market prices, because they believe that the bond companies or banks they issue will not go bankrupt, and even if there are many crises, the government will still bail them out.

Among them, the biggest taker is Chu Jianming of Convoy Global Insurance Company. The major shareholders behind this Convoy Global Insurance include Lu Yinhe from the Lu family of Galaxy Entertainment Group, and Hong Tianwen from Jiehao Financial Group.

Get Nice Financial Group has a market value of more than HK$16 billion, manages a lot of assets, and also owns Get Nice Securities.

And Galaxy Entertainment Group is even more incredible, with a market value of more than 25 billion Hong Kong dollars.

In Hong Kong in 2008, they were considered rich and powerful. Of course, they are still incomparable with China Resources Group, but the market value of Galaxy Entertainment Group will reach 300 billion in the future, which is also an awesome existence.

This time, Hong Kong Blackshirt Insurance Company sold the combined bonds underwritten by Lehman Brothers, Florida First Priority Bank, and Washington Mutual Bank to Convoy Global Insurance at a 40% discount.

Chu Jianming, the chairman of Convoy Global Insurance, was very happy, with a 40% discount, they earned 40% that day!

He said excitedly, Haha, we have a good cooperation. In the future, there are good bonds for sale at a discount. Feel free to come to me!

These bonds are very stable, and the interest return is also stable. He didn't expect that the Hong Kong Black Shirt Insurance Company would sell them at a discount of 40%. Isn't this too timid?

Lehman Brothers, Florida First Priority Bank, and Washington Mutual are all big banks, too big to fail. Although there is a small crisis, it will eventually pass.

Huang Shaokai smiled and said, Mr. Chu, definitely, definitely.

After Chu Jianming left, he returned to his villa. There were guests here, one was Lu Yinhe from the Lu family, and the other was Hong Tianwen from Jiehao Financial Group.

Old Chu, where did you go?

Why are you coming back now? I've been waiting for you for a long time. Come play chess, play chess

Just now I went to make a deal with a fool, and I made 40% immediately, haha. Chu Jianming was very proud.

Then he gave a brief introduction to Lu Yinhe and Hong Tianwen.

Huang Shaokai, the CEO of Hong Kong Blackshirt Insurance, came to Wang Guanxi.

He said, Boss, all the bond bonds have been sold.

Wang Guanxi nodded: Well done.

He was in a hurry to sell these bonds, all of which were highly poisonous, and if these fools wanted to, they would definitely be dragged into the water.

Florida First Priority, Washington Mutual, Lehman Brothers would all go bankrupt without a bailout from the US government.

Convoy Global Insurance?

It has become a sweet pastry.

Just wait for these portfolio bonds to explode.

Thinking of this, Wang Guanxi was very excited.

Although these combined bonds were discounted by 40% and lost a lot of money, it's better than losing everything, right?

This time, the Hong Kong Blackshirt Insurance Company sold all its bonds at a discount, and its assets have shrunk a lot.

These bonds are worth 500 million Hong Kong dollars, but with a 40% discount, they only gained 300 million Hong Kong dollars and lost 200 million Hong Kong dollars, making the net assets of Hong Kong Blackshirt Insurance Company a negative 300 million Hong Kong dollars.

Increase the liability reserve to avoid trouble from the Securities Regulatory Commission, so Wang Guanxi asked CEO Huang Shaokai to transfer all the 300 million Hong Kong dollars into the liability permit fund. The higher the liability reserve ratio, the safer it is. The previous liability reserve of Wing Lung Insurance The proportion is too low.

The 300 million Hong Kong dollars cannot be moved, just like the bank's allowance to the central bank.

As a result, the black shirt insurance company still has 300 million Hong Kong dollars in liquidity.

The total liabilities are 3.7 billion, and the total assets are 3.4 billion, including 1.6 billion liability reserves, 300 million cash flow, and 1.5 billion financial assets.

This Convoy Global Insurance Company is also the major shareholder of Asia Financial Holding Company, but the largest shareholder of Asia Financial Holding Company is Chen Tianqing.

Wang Guanxi is preparing to mobilize funds to short Asian financial companies.

Opened its stock price and looked at it.

Not yet time to short.

Then Wang Guanxi opened the stock price charts of China Resources Gas, China Resources Cement, China Resources Beer, and China Resources Power.

Today is July 21, in the morning trading, the stocks of the China Resources series have not fallen today.

Starting in the afternoon trading, the stocks of China Resources Beer series rose collectively.

When closing.

China Resources Power, which is held by Heishang Insurance, has begun to show a floating profit.

China Resources Gas had a floating loss of HK$65 million.

China Resources Cement has a floating loss of 20 million Hong Kong dollars.

China Resources Beer had a floating loss of HK$250 million.

The loss of 65 million has been reduced on the book, which is not bad.

Total assets of blackshirt insurance companies are on the rise.

The next day, July 22, the shares of China Resources Group rose again.

The stock price of China Resources Beer even rose to 15.00.

Wang Guanxi immediately emptied all positions in the China Resources series.

Sinopec and PetroChina are falling, and their assets are also shrinking. Wang Guanxi is not in a hurry to clear their positions, because they will continue to rise.

In Sinopec, the loss of PetroChina increased, increasing the loss of 0.5 billion.

The loss on the China Resources series has been reduced, reducing the loss of 250 million yuan. From the original floating loss of 400 million yuan, it ended up with a loss of 150 million yuan. This wave of stock price rises has increased the total assets by 200 million yuan.

500 million cash was cashed out in the China Resources series.

The cash flow of the black shirt insurance company is as high as 800 million Hong Kong dollars.

Continue to replenish the liability reserve, withdraw 400 million Hong Kong dollars, and leave 400 million Hong Kong dollars in cash flow.

However, the debt is 3.7 billion, the asset scale is 3.6 billion, the liability reserve is 2 billion Hong Kong dollars, the cash flow is 400 million, and the financial assets are 1.2 billion.

Net assets are minus 100 million Hong Kong dollars.

This time, all the stocks of the China Resources series were cleared to minimize future losses. The liquidation of the stocks of other listed companies was handed over to CEO Huang Shao.

If the position is closed too quickly, the cash out of the cash out will be less, and the total assets will also decrease.

So these stocks need to be liquidated slowly, as long as the liquidation is completed before the outbreak of the global financial crisis.

Because the stocks of many listed companies go up and down, and fluctuate violently, the stocks of those very good listed companies are currently very high, and they cannot be bought, because after the financial tsunami, the stocks collectively plummeted, and you will lose a lot if you buy anything.

Cash is king.

Then wait for these stocks to plummet before buying bottoms.

This is Wang Guanxi's plan.

The black shirt insurance company has a cash flow of 400 million, but it is only the insurance company, not Wang Guanxi's. Only when the insurance company pays dividends can Wang Guanxi get profit dividends.

The insurance company has total assets of 3.6 billion Hong Kong dollars. Wang Guanxi can use these assets to make money, and then use the profits to share dividends.