Rebirth of the Financial Crisis Sweeping the World

Going back at night, Wang Guanxi is very happy.

Wang Yongyi's Xiansixing Electronics Group has a future market value of at least 4 billion Hong Kong dollars. Even if his shares are diluted to 25% in the middle of several financings, he can still get nearly 1 billion Hong Kong dollars worth of shares.

HK$4.5 million for a return of HK$1 billion, a fantastic investment.

After taking a bath at home, Wang Guanxi lay on the bed, but still couldn't sleep.

Then he browsed the stocks of various listed companies.

Soon he found a listed company, the auto company under the mainland giant Hengda Group, Hengda Automobile Group (empty shelf).

At present, the share price of Hengda Automobile Group is HK$1.00 per share, and it is still rising. The total share capital is 8.8 billion, and the current market value is HK$8.8 billion!

Wang Guanxi clearly knew that the share price of Hengda Automobile would soon fall. By November 2008, the share price of Hengda Automobile Group had fallen to HK$0.10 per share, and the market value had shrunk from HK$8.8 billion to HK$880 million. fell to the lowest.

Of course, Wang Guanxi won't wait until November, he just makes quick money, and the time for shorting is from a few days to two weeks.

Looking at the information of Hengda Automobile again, he muttered: "This Hengda Automobile, it is still possible to buy the bottom in the future."

After the share price of Hengda Auto fell to 0.1 yuan per share in November 2008, it has been in a downturn for a long time, but in the future, its share price will rush to tens of Hong Kong dollars a share, and its market value is as high as 250 billion Hong Kong dollars.

But that is the distant future. Wang Guanxi will not buy more of its stocks now. After 14 years, he can try to buy the bottom and hold it for a long time.

He remembered that Hengda Automobile started to take off in 14 years.

It's 2008, and there are still 6 years left.

"Now the stock price of Hengda Auto is 1.00 Hong Kong dollars per share, and my capital is 33 million. Although it may still rise, it is a good time to go short."

If he waits until it rises to the highest level, there will be very few buying orders in the market at that time, and he will not get much buying orders, so it is best to short when the stock price of Hengda Auto is strong, because the trading volume is particularly large at this time, and the market There are a lot of buying orders on the website, and Wang Guanxi can eat these buying orders.

He immediately decided to short Hengda Auto from tomorrow!

But short, not naked.

There are usually two ways to go short.

First, you need to borrow stocks from brokerages to short. Yongheng Securities, where Wang Guanxi works, may not have so many stocks of Hengda Auto to lend him.

Second, it is also possible to short short-selling securities. The problem is that Hengda Auto has not opened short-selling securities. In short, it does not support short-selling.

To the stock of Penguin Group, you can support short selling!

And the stock of Hengda Auto does not support short selling!

Therefore, if Wang Guanxi wants to go short, he can only use the first method.

So Wang Guanxi called Feng Shaokun from Yongheng Securities overnight.

The call was quickly connected.

"Mr. Wang, what's the matter on the phone so late?" On the phone, Feng Shaokun was getting out of the shower and was about to go to bed, but he didn't expect to receive a call from Wang Guanxi overnight.

Wang Guanxi said bluntly: "Mr. Feng, I plan to short Hengda Auto and need 33 million Hengda Auto stocks"

"33 million?" Feng Shaokun was also stunned on the phone, borrowing 33 million Hengda auto stocks?

Their Yongheng Securities Company did not have so many shares of Hengda Auto to lend to Wang Guanxi, and needed to borrow from other brokerages.

"Mr. Wang, we Wing Hang Securities don't have that many shares in Hengda Auto, but I can borrow them for you."

An investor borrows shares of a listed company from a brokerage, then the investor begins to short the shares of the listed company, and then returns the same number of shares at an agreed time.

This way of shorting,

In fact, it is a bet with a brokerage, the stock price rises, and the stock held by the brokerage itself appreciates, making money and earning commission interest.

If the stock price plummets, the broker will lose money, and the commission and interest earned will not be enough to offset the loss.

Because naked shorts are not allowed, in this model, in essence, shorting stocks by investors is a bet by brokers!

Wang Guanxi's investment is so powerful, Feng Shaokun dare not let Yongheng Securities Company bet with Wang Guanxi.

Then Feng Shaokun asked again: "Mr. Wang, do you think the stock price of Hengda Auto will really plummet in the future?"

Wang Guanxi smiled: "Well, I think it will plummet, so I will short it"

Feng Shaokun: "Okay, I'll borrow it for you tomorrow, you can come over at noon"

Their Wing Hang Securities Company also holds some shares of Hengda Auto, which are only worth hundreds of thousands of Hong Kong dollars. If the share price of Hengda Auto really plummets, the shares held by their Wing Hang Securities Company will also lose money.

He planned to sell the shares of Yongheng Securities when Wang Guanxi was shorting the shares of Hengda Auto.

The next day, April 3, Thursday, at noon, Wang Guanxi came to Yongheng Securities Company, signed an agreement, paid commission, and interest.

Wang Guanxi got the stock.

This morning, the stock price of Hengda Auto has risen to 1.10 yuan per share, and the rise is quite fierce.

It continued to rise in the afternoon session.

Wang Guanxi sells like crazy!

100,000 shares!

100,000 shares!

200,000 shares!

500,000 shares!

1 million shares!

At the same time that Wang Guanxi sold, the securities department of Wing Lung Securities Company, a subsidiary of Wing Lung Bank.

The third generation of the Wu family, Wu Zhanhai shouted: "Buy me the stock of Hengda Auto"

This morning, Wing Lung Securities borrowed shares of Hengda Auto to sell short positions to clients of Wing Hang Securities.

If the stock price of Hengda Auto plummets, they will lose money in Wing Lung Securities.

Now they continue to increase their holdings of Hengda Auto, against which of Wing Hang Securities' short clients.

This time, they not only have to charge interest and commissions, but also stabilize the stock price of Hengda Auto and even raise it a little higher.

"Yes, manager!"

So several operators started to buy, and while eating up all the stocks sold by Wang Guanxi, they also raised the stock price.

Time flies by.

The share price of Hengda Auto has surged from 1.10 yuan per share to 1.30 yuan per share.

Wu Zhanhai was very satisfied.

Wing Hang Securities borrowed the stocks of Tianye Liushui last time to short the investors, and this time it lent the stocks of Hengda Auto to short the investors.

Last time, Tianye Liushui Company suddenly had a large-scale accident. The 600 million investment was wasted, which caused Tianye Liushui Company's stock price to plummet.

This time is different.

Which short-selling investor must be exhausted, not only to make him pay interest all the time, but also to make him lose money on short-selling.

The average selling price of Wang Guanxi was 1.20 yuan per share, and a total of 27.5 million shares were sold, with a floating loss of 0.1 Hong Kong dollars per share, and a temporary floating loss of 2.75 million Hong Kong dollars in the account.