At the next auction, Wang Guanxi and others had no interest, so they left.

I soon returned to the headquarters of Blackshirt Insurance Company.

The one who paid HK$100 million this time was Blackshirt Insurance Company, and spent all the cash flow.

At 10 pm, Blackshirt Insurance Company merged with Hong Kong Lehman Brothers.

Blackshirt Insurance Company has a total assets of HK$25 billion and a liability reserve of 11 billion.

Financial assets are HK$5 billion, including HK$2 billion in portfolio bonds and HK$3 billion in stocks.

Real estate of HK$1 billion.

Cash flow of HK$8 billion (has been converted into US$1.03 billion, of which US$258 million is shorting Lehman Brothers, with a floating profit of US$160 million, and unrealized profits are not included for the time being)

Liabilities are HK$24 billion

Net assets of HK$1 billion.

This HK$5 billion financial assets are also a pitfall, and the real estate of HK$1 billion is also a pitfall.

I have found many buyers before and sold a lot of assets in packages.

They won't continue to buy this time.

Because I had consumed a lot of money before, I didn’t have much cash flow to buy it.

So Wang Guanxi has to find a new buyer.

After shorting Lehman Brothers, look for it again, just sell it out before the financial tsunami comes.

After arranging work content for the two newly added mascots, Pasto Brandt and Weiler Hess, Wang Guanxi returned home.

At 11:30 pm, Wang Guanxi finished taking a shower and lay on the bed.

While chatting with Lin Xiaoyu, I watched the news.

[Global subprime-related losses related to financial industry in the global financial industry are US$506.1 billion]

Since the subprime mortgage market collapsed last year, the total capital write-downs and credit losses of more than 100 largest banks and securities companies in the world have reached US$506.1 billion, and the total amount of funds raised has reached US$352.6 billion.

Citigroup's capital write-down and credit losses have reached US$55.1 billion, ranking first, with a total amount of funds raised at US$49.1 billion.

Merrill Lynch ranked second with US$51.8 billion, with the total amount of funds raised at US$29.9 billion.

Swiss Bank ranked third with US$44.2 billion, with a total raised amount of US$27.9 billion.

"This subprime mortgage crisis has spread to the US banking industry, and even Europe, and the US is now in the hardest hit area, and the financial tsunami is not far away."

"And 14 days later, the bankruptcy of Lehman Brothers will be the detonation point, just the beginning of the financial tsunami!"

In fact, I always feel a little uneasy when I acquired Hong Kong Lehman Brothers Insurance Company this time.

Because Hong Kong Lehman Brothers Insurance Company holds many toxic bond portfolio assets, it must be sold out as soon as possible.

Otherwise, there will be more and more negative news about Lehman Brothers, and the subprime mortgage crisis has caused global economic turmoil, and it will be difficult to sell portfolio bonds again.

Tomorrow Monday, September 1, Wang Guanxi has to find a buyer to accept these combination bonds.

Combined bonds are 2 billion, stock assets are 3 billion, real estate is 1 billion, all of which must be sold in packages.

It’s nothing to lose money now. After the financial tsunami in the future, these assets will shrink by at least 80%, and you can buy them at any time.

Now we have to cash out cash, cash out on a large scale, and then short the large-scale financial institutions in the United States.

Why is Wang Guanxi so committed to building an insurance company?

Because insurance companies have more and more customers, more and more insurance premiums will be paid in the future.

It can provide Wang Guanxi's consortium with a steady stream of funds.

In addition, Wang Guanxi will have many companies under consortiums around the world in the future, so naturally there will be many employees. At that time, these employees and their families can also buy insurance.

It can also provide insurance companies with a lot of funds, and Buffett started out as insurance.

Berkshire Hathaway was once a textile factory on the verge of bankruptcy, and then transformed into an insurance company.

With the continuous acquisitions and mergers, the company has now become the 10th largest business empire in the world, with the most expensive stock in the world, stocks worth more than 100,000 US dollars per share (class A shares),

If you invested $10,000 to Buffett in 1956, you can now have about $430 million.

This is the myth of wealth!

As long as the insurance business is still there and there is no huge loss, then the business empire of Berkshire Hathaway will not collapse.

There is also Aig, which also started with insurance, owns two giant insurance companies, American Insurance and AIA.

Although the Aig Empire was on the verge of collapse after the financial tsunami, the insurance business basically did not receive any major impact and brought hope to the mother palace.

In the end, aig Group sold a large number of assets, including the sale of AIA, successfully prolonged its life, and survived this financial tsunami.

The next day, September 1, Monday morning.

Good news has come.

[Buffett's Berkshire Hathaway, Bank of America and Barclays in the UK are interested in acquiring Lehman Brothers,]

Rumor is that Lehman Brothers' CEO Richard Fuld has spoken with Buffett, Bank of America's president Lewis, and Barlek Bank's Marcus Aggis.

There are three more buyers in this moment!

Lehman Brothers now has four buyers, Korea Industrial Bank, Berkshire Hathaway, Bank of America, and Barclays.

A spokesperson for aig Group claimed: "Four large-scale finance companies will bid for the acquisition of Lehman Brothers, and Lehman Brothers' stock price will rise sharply in the short term."

aig Group is now the major shareholder of Lehman Brothers, so naturally he is optimistic about Lehman Brothers' stock price. I hope everyone has sufficient confidence in Lehman Brothers.

Soros Quantum Fund also spoke, claiming: "Lehman Brothers will be acquired at least 50% premium"

Soros is also a major shareholder of Lehman Brothers. The higher the acquisition price, the more money he makes.

But there is so much good news about Lehman Brothers in the market.

Now is a good opportunity to sell portfolio bonds.

Thinking of this, Wang Guanxi called Xie Qinghai of Huili Group.

Last time Xie Qinghai bought the combination bonds in Wang Guanxi's hand, all of which were discounted. The prices of these combination bonds have fallen a lot.

However, Wang Guanxi sold it at a discount at the time. In short, Huili Group's books are still making money now.

This time, Wang Guanxi's Black Shirt Insurance Company also has a combination bond of HK$2 billion, and she wants to sell it to Huili Group at one time.

Huili Group is an asset management company. It likes to invest in assets with stable returns. There is still a lot of cash flow on the company's books.

The returns of these portfolio bonds are very stable before they are completely defaulted. As long as the company that issued the bonds does not go bankrupt, it will be fine.

Wang Guanxi thinks Xie Qinghai must be interested.

The phone was connected soon.

Wang Guanxi said, "Mr. Xie, good morning."

"Good morning, Mr. Wang" Xie Qinghai asked curiously on the phone: "Call me so early this morning, is there anything urgent?"

He was also guessing in his heart whether Wang Guanxi would sell any assets. If it was a good asset, then he could talk about it. If it was a inferior asset, then he had no time.

Wang Guanxi said, "Mr. Xie, I guessed it right. My black shirt insurance company has been in trouble recently and is in urgent need of cash, so I want to sell some high-quality assets. I wonder if Mr. Xie is interested?"

When Xie Qinghai heard this, he immediately asked, "Mr. Wang, come and listen."

Before, Wang Guanxi was given a 60% discount and sold him a lot of combination bonds with stable returns. Now he is still making money on the books and the returns are stable. I don’t know what Wang Guanxi is in a hurry to sell this time?

If the assets are of high quality and are discounted, he is very interested in buying them.

At this time, Wang Guanxi smiled and said, "Mr. Xie, my insurance company now has combination bond assets worth HK$2 billion, and the yield rate is very stable.

And it is also a big bank, including Lehman Brothers, a big investment bank on Wall Street, as well as the big banks Washington Mutual Bank, Merrill Lynch Bank, and Citibank!”

Now Wang Guanxi is not vague in business, so she says directly.

If the other party is interested, the deal will be completed.

If he is not interested, he will look for someone else.

Anyway, he is selling at a discount, and many people who are greedy for existing interests will be interested. After all, this is a visible benefit.

Xie Qinghai immediately reminded: "Mr. Wang, bond prices have been falling recently, especially Lehman Brothers, Washington Mutual Bank's stock price has been much lower."

The prices in the bond market have been falling recently, and Lehman Brothers has been causing a lot of controversy, and he is also a little worried.

Wang Guanxi smiled and said, "Mr. Xie, although bond prices have fallen a lot in the bond market recently, my portfolio of bond assets are all good assets.

You don’t think about whether large financial institutions like Lehman Brothers and Washington Mutual Bank will easily default?

Unless these century-old enterprises go bankrupt, such super-large institutions are large but unstoppable."

Xie Qinghai thought for a while and said, "It's true, these are all century-old enterprises."

Wang Guanxi smiled and said, "So I said that these combination bonds are very safe and have stable returns.

Good news for Lehman Brothers is here today.

Korean Industrial Bank, Berkshire Hathaway, Bank of America, and Barclays are all rushing to acquire Lehman Brothers.”
To be continued...