The next day, August 11, Monday.

Wang Guanxi arrived at the headquarters of Blackshirt Insurance Company at 9:30, and it was half an hour before the opening of the Hong Kong stock market, but everyone in the president's office was very excited and excited.

Because today is the time to harvest the fruits.

Just waiting for the stock price of Asian Financial Holdings to plummet.

Several computer desks were arranged in the president's office, and several traders were waiting and seeing.

The six directors, Wu Zhankun, Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen and Wei Weicheng, are also here.

Wang Guanxi asked: "Has the news been released?"

The so-called news is naturally negative news from Asian financial holding companies, which scares retail investors and sells stocks. After all, some retail investors have low holdings and very low positions. They may still have floating profits in their accounts. When they see negative news, they will definitely be in a hurry to sell stocks. Those retail investors who buy at high levels may also sell stocks because of fear.

ceo Huang Shaokai smiled and said, "It has been released."

Wang Guanxi then opened the news and took a look.

"Asia Financial Holdings was withdrawn by banks, which made it worse and faced bankruptcy. The China Securities Regulatory Commission may seek to take over the insurance company of Asia Financial Holdings within a few days."

Both news were fake news deliberately released by Blackshirt Insurance, creating a wider range of panic and causing the stock price of Asian Financial Holdings to fall even worse.

However, Asian financial holding companies were indeed withdrawn by Standard Chartered Bank, and the CSRC was not clear.

However, if the CSRC does not consider seeking other insurance companies to take over Asian financial holding companies, it will come out to refute the rumors.

Many investors who hold Asian financial holding companies were really panicked after seeing this news.

Although insurance companies will not go bankrupt, listed insurance companies will delist and their stock prices will fall into shit. If they don’t sell their stocks, then wait for the stocks in their hands to turn into waste paper.

When retail investors saw such news, they were immediately scared, and such negative information was also being conveyed in the stock bar.

"I'm paralyzed, I'll sell the stocks when the market opens."

"Grass, sell it quickly"

"In 5 minutes, I'll sell it out!"

"This damn Asian Financial Holdings, why did the bad news appear on the weekend!"

"I have been scared these two days. I must finish the opening today!"

···

Chen Tianqing of Asia Financial Holdings was also stunned when he saw this news and scolded the group of bastards such as Black Shirt Insurance Company.

"MD, the investors in the market are panicking, what should I do now?"

Asia Financial Holdings repurchased 200 million shares and spent 800 million Hong Kong dollars. How much money can it get back in the end?

This is a problem.

Standard Chartered Bank's 400 million loan must be paid.

Chu Jianming from Kanghong Global Insurance was even more frightened. If the stock price plummeted to below 1.00 yuan this time, assuming that the black shirt insurance company closed its position at 1.00 yuan per share, then giving him 200 million shares would be worth HK$200 million!

HK$1 billion shrank to HK$200 million, a loss of 80%!

He quickly called Huang Shaokai, the ceo of the Black Shirt Insurance Company, saying that he would negotiate with Wang Guanxi, but Huang Shaokai rejected Chu Jianming's request on the grounds that Wang Guanxi was busy.

The stock market opened soon.

Asian financial companies' stocks plummeted!

A large number of selling orders appeared!

There are no buying in the market!

It fell 50% in just 5 minutes, plummeting from 4.00 yuan per share to 2.00.

But it's not finished yet!

Continue to fall because there is no buying orders in the market at all, just sell orders!

Asian Financial Holdings Company has no funds to protect the market.

Chen Tianqing and Chu Jianming could only watch this scene.

Asia Financial Holdings previously spent HK$800 million to buy 200 million shares at an average price of RMB 4.00 per share.

But now 200 million shares are only worth HK$400 million, and the book loss is 400 million.

Chen Tianqing himself is the largest shareholder of Asia Finance, holding 250 million shares, and his value has shrunk from HK$1 billion to HK$500 million.

Chu Jianming's Kanghong Insurance Company holds 200 million shares. Although these 200 million shares were lent to Blackshirt Insurance Company for short selling, the 200 million shares will be returned to them in the end, so Kanghong Insurance Company also lost HK$400 million.

The market value of the entire Asian financial holding company has also shrunk from HK$4 billion to HK$2 billion.

But this is just the beginning.

The stocks in the hands of retail investors cannot be sold because no one sells them in the market, and no one dares to buy them. Everyone is selling them crazy!

The stock price continues to fall.

It quickly fell to 1.00!

The market value of Asian Financial Holdings has shrunk from HK$2 billion to HK$1 billion.

Chen Tianqing and Chu Jianming suffered heavy losses and were heartbroken.

They called Wang Guanxi and Huang Shao to ask the Black Shirt Insurance Company to close the position.

Chen Tianqing's phone call soon reached Wang Guanxi.

Wang Guanxi thought about it and still connected.

"Old Chen, what's the matter?"

Chen Tianqing begged: "Guanxi, close the position, I'm sorry, I'm begging you."

Now that Wang Guanxi is not closing his position, the 200 million shares repurchased by Asia Financial Holdings cannot close the position at all, because there is no buying order in the market to take over, and the stock price will fall to nothing by the time.

This Asian Financial Holdings is not a 400 million loan from Standard Chartered Bank at all, because it has no money at all and is forced to miss it, which is really over.

Wang Guanxi comforted: "Old Chen, don't worry first. After I finish breakfast, I will call Huang Shaokai from the Black Shirt Insurance Company immediately and ask him to close the position."

Chen Tianqing knew that Wang Guanxi was delaying and wanted to make the stock price fall even lower, so he said: "Can you fight now?"

This little bastard is really hateful.

But he had to ask Wang Guanxi's black shirt insurance company to close the position as soon as possible.

"Guanxi, the stock price has fallen to 1.00 now. Blackshirt Insurance Company earns HK$3 per share, and the floating profit in the account is HK$600 million."

"Even if the stock price continues to fall, falling by 50%, from 1.00 to 0.5 yuan per share, you will still make 3.5 yuan per share, and make a floating profit of HK$700 million. When you close the position, it will also make the stock price soar."

"How about closing the position between our two companies?"

"This will hedge"

"Guanxi, let me tell you, I have applied for a loan with China Merchants Bank in the Mainland, and maybe I will use 500 million yuan of funds immediately. At that time, I will use the 500 million yuan of funds to buy the bottom, buy back the stocks, and buy all the retail investors' stocks. I will not be able to close the position!"

At this point, he even used bragging. Of course, this was impossible. Even if he obtained a loan of 500 million Hong Kong dollars from China Merchants Bank, it could not be used to repurchase the company's shares. The loan was used to keep the company from going bankrupt. If the stock was repurchased, the company would be over. Repurchasing stocks would not solve the problem except for obtaining useless stocks.

Of course, he did ask China Merchants Bank for a loan of 500 million yuan, but whether to approve it or not is an unknown. His classmate works at China Merchants Bank or the vice president.

The loan from China Merchants Bank is to repay the loan from Standard Chartered Bank. If the loan from China Merchants Bank cannot be paid, the company will be taken over by China Merchants Bank.

Wang Guanxi: "Old Chen, don't be crazy, it's useless for you to do this."

Chen Tianqing said directly: "I know you want to acquire Asian Financial Holdings, but I won't sell it to you. You'll be so sad."

Wang Guanxi thought about it and said, "Old Chen, I'll call Huang Shao first. Wait for me for a few minutes, so that's what you want."

The call ended.

Wang Guanxi said to Huang Shao: "Mr. Huang, when the stock price falls to 0.5 yuan per share, you can close the position."

The stock price is now very low. If it is low, it will be almost the same. If you calculate carefully, it is more suitable to close the position at 0.5. After all, it is impossible to continue to sell below 0.5 yuan. At that time, the stock price was very low, and everyone's enthusiasm for selling has decreased a lot, so closing the position at 0.5 yuan can cater to the psychology of retail investors.

Because black shirt insurance companies close short orders is equivalent to buying in the market, it will cause the stock price to rise, and the stock price will increase, and retail investors will close their positions. In this way, they can hedge each other and complete a transaction.

Moreover, Chen Tianqing also urgently needs to close his position, so a large number of selling orders will appear in the market to hedge against the buying orders of Black Shirt Insurance Company.

"Yes, boss" Huang Shaokaizheng nodded heavily.

Then Wang Guanxi called Chen Tianqing and immediately got it connected.

Wang Guanxi said: "Old Chen, we will close our position at 0.5 yuan per share, and stop closing our position at 1.5 yuan per share."

"I want to make at least 500 million this time. You can do it yourself. You need to stop closing the position at 0.5 yuan per share and close the position at 1.5 yuan per share."

"Okay, just do it like this." Chen Tianqing had no choice but to do it.

So at 0.5 yuan per share, the Blackshirt Insurance Company began to close its position.

For 200 million short orders, closing a position is equivalent to buying 200 million shares.

The stock price quickly rushed from 0.5 yuan per share to 1.5 position, and then the black shirt insurance company stopped closing its positions.

Then Asian Financial Holdings began to close their positions, selling stocks in large quantities, and then the stock price plummeted, falling from 1.5 yuan per share to 0.5 yuan per share, and then they stopped closing their positions.

It’s very tacit. You need money, and I need money too!
To be continued...