Rebirth of the Financial Crisis Sweeping the World

Huang Haifei thought for a while: "Mr. Wang, your funds have exceeded 1 million, and I can apply for six times the allocation for you at most."

Their Yongheng Securities Co., Ltd. is only a small securities company. There are regulations for allocation of capital. They dare not allocate too much to customers. Wang Guanxi’s capital has exceeded 1 million. If there is still allocation, they need to apply to the superior. He himself has no such power.

"Six times?" Wang Guanxi tapped on the table lightly. He wanted to allocate 10 million yuan, but it didn't seem to work.

"6 times is 6 times, you can give me a 6 million account immediately"

Huang Haifei hurriedly said, "Mr. Wang, wait a moment, I'll talk to the manager."

This time, the allocation of 6 million yuan, the interest is also very high, and his commission is also a lot, and he has to help Wang Guanxi to apply for anything.

"Well, go and come back quickly" Wang Guanxi continued to drink tea.

A few minutes later, Huang Haifei came back.

"Mr. Wang, the manager wants to see you, you can talk to him in person."

"Well!"

Then Huang Haifei took Wang Guanxi to an office. There was a black suit, long face, apoplexy man, about 24 years old. He was very energetic. When he saw Wang Guanxi, he got up quickly, came over enthusiastically, and stretched out his hand. Said: "Mr. Wang, you are here, my name is Feng Shaokun, the manager of Yongheng Securities Company"

The Yongheng Bank behind the Yongheng Securities Company belongs to the Feng family. I think this Feng Shaokun is the younger generation of the Feng family.

"Hello, Manager Feng." Wang Guanxi shook hands with him.

"Come, please sit"

So Wang Guanxi sat down.

"Xiao Fei, serve tea"

"Yes, manager" Huang Haifei hurriedly left.

While drinking tea and chatting, Feng Shaokun inquired about Wang Guanxi's family situation, but Wang Guanxi didn't mention a word.

He asked curiously, "Mr. Wang, do you really plan to invest 6 million in stocks?"

Wang Guanxi is only 16 years old, a middle school student. I don't know if his parents know?

You must know that it is easy to lose money in stocks, and it is normal to be trapped. At that time, this 16-year-old child will lose a lot. If he can't think about it, it will be bad. His parents will come to the door, and things will be big.

When the news comes out, their Wing Hang Securities Company will be in disrepute.

"Well, yes, allocating 6 million yuan to make a stock, is there a problem with Mr. Feng?" Wang Guanxi took a sip of tea, and then Feng Shaokun poured him tea again.

"Mr. Wang, this is really no problem."

"However, you have to write a statement. Your loss has nothing to do with our company. Everything is determined by you. We have never instigated you to invest in stocks. Can you do this?"

There was an incident in Hong Kong. A second generation of a little rich was playing stocks and investing in stocks. The result was a big loss. At this time, there was news that it was a securities company that instigated children to invest in stocks.

"There's no problem with this at all." Wang Guanxi gently put down the teacup: "Come with the pen and paper."

"OK."

Then Feng Shaokun brought paper and a pen, and then Wang Guanxi wrote a statement, declaring that his losses are all his own responsibility, and that the allocation of funds is his own decision, which has nothing to do with Yongheng Securities Company.

After Feng Shaokun saw that there was no problem with the statement, he brought the financing contract and asked Wang Guanxi to sign it.

After signing the contract, Wang Guanxi paid a risk deposit of 1 million Hong Kong dollars, paid a one-time interest of 60,000 Hong Kong dollars, and obtained an account of 6 million Hong Kong dollars in Wing Hang Securities Company.

"Mr. Wang, it is a pleasure to cooperate"

"Happy cooperation!"

Then Wang Guanxi said: "Manager Feng, I plan to short a stock. Does your securities company provide securities lending?"

The so-called "short" is actually when you expect that a stock may fall in the future,

Just sell the stocks you hold at the current price, and wait until the market drops before buying them, so as to get a profit from the price difference. Simply put, it is to borrow and sell first, then buy and return.

And Hong Kong stocks can be shorted, and short-selling Hong Kong stocks are generally institutions, not individual investors. After all, individual investors are a vulnerable group in the stock market. If individual investors participate in short selling, the risk is quite large and they are prone to losses. Even for bookmakers, the shorting mechanism is risky.

As for shorting Hong Kong stocks, small and medium investors are very cautious and basically do not participate in shorting.

If you want to sell short Hong Kong stocks, you must sell securities. That is, the investor who opens an account must have the corresponding stock available for short selling. Even if a certain stock is allowed to be sold short by the Hong Kong Stock Exchange, if the broker you have opened an account has no securities to sell, you want to sell it short. Short selling is also futile.

Short selling of Hong Kong stocks requires capital. A minimum deposit of 50w is required in the account.

After that, I will go to the market to borrow goods through a brokerage to sell you short. after profit. You buy back the stock.

Fees are high, borrowing requires interest, and not all stocks can be shorted.

There are also many stocks that you cannot borrow in the market.

Feng Shaokun asked quickly, "Mr. Wang, are you going to short that stock?"

Wang Guanxi said: "Tianye Liushui Company"

Previously, his financial news captured a mainland listed company in Hong Kong called Tianye Liushui Company.

It is a company mainly engaged in the manufacturing and sales of irrigation systems and equipment.

Now its share price has risen from 3 yuan per share to 4 Hong Kong dollars per share, with a total share capital of 500 million shares and a market value of 2 billion Hong Kong dollars.

This company will soon suffer heavy losses due to a large-scale engineering accident.

So Wang Guanxi wants to short its stock.

But to short his stocks, you can't short it naked. You need to borrow stocks from other securities companies, sell them first, and then buy them.

Feng Shaokun was taken aback, "Tianye Liushui Company?"

Wang Guanxi nodded: "Yes, can your Yongheng Securities Company borrow its securities lending?"

Feng Shaokun: "Yes, there is no problem with this, but the handling fee and interest are quite high. Are you sure you want to be an aerospace company?"

Securities dealers and financial institutions usually hold a lot of stocks of listed companies, and then lend them to short sellers, charging handling fees and interest, but if the stock price really plummets, the securities dealer will lose money, and short selling is equivalent to arguing with the securities dealer. Bet that they, Yongheng Securities Company, do not have the shares of Tianye Liushui Company, but they can help Wang Guanxi to borrow them in the market and charge an intermediary fee.

Wang Guanxi nodded: "OK"

Feng Shaokun: "OK, no problem, I'll call Wing Lung Securities Company, where they have Tianye Liushui Company's stock, they can lend you to short!"

"Thank you then."

The next day, March 11, Tuesday morning.

At the position of 4 yuan per share, Wang Guanxi, who had just finished class, sold 1.5 million shares of Tianye Liushui Co., Ltd., and sold a total of 6 million shares.

Then wait to get paid.