Wang Guanxi said: "Let's take a break, and you will focus on the US stock market next."

This time, the battle between the three listed companies of the Luo family, Black Shirt Insurance Company, Hong Family Alliance, Huang Family Consortium and Zheng Family Consortium has come to an end for the time being.

The next focus is on the US stock market, and of course the Hang Seng Index.

"Yes, boss!" Everyone was looking forward to it.

Blackshirt Insurance Company shorted 5 million shares of US International Group's stock, with a floating profit of nearly US$500 million and has not yet closed its position. What's going on in the U.S. stock market next

Then we have tea together. The Asian stock market has not closed yet. It has only opened for less than an hour. The current time is 3:05 minutes.

The stock market will close in 55 minutes.

Wang Guanxi opened the trend chart of the Hang Seng Index.

Currently, No. 1 hedge fund trading account still holds 20,000 short orders of the Hang Seng Index, with an average position building position of 22,400. One point of fluctuation is a profit and loss of HK$1 million. Now the Hang Seng Index is still at 19,900, with a temporary floating profit of 2,500 points, a total floating profit of 2.5 billion Hong Kong dollars, and the net value of the account is HK$3.3 billion.

At this time, a major news came out.

[H shares are generally subject to 10% dividend income tax]

h shares are also called state-owned enterprise shares, referring to stocks of Chinese-funded enterprises whose registered place is in the mainland and listed place is in Hong Kong. (It is called h shares because of the initial letter of Hong Kong English--hongkong.)

H shares are physical stocks, and the "t0" delivery system is implemented, without any limit on rise and fall.

Institutional and individual investors in the mainland can invest in H shares, but the sum of securities accounts and capital accounts of individual investors in the mainland needs to exceed 500,000 yuan.

[State Enterprise Income Tax Law] and its Implementation Regulations.

According to regulations, any stock held in a non-personal name is required to pay 10% corporate income tax when collecting dividends.

PetroChina's dividend payment announcement on H shares: "Any shareholder registered in the name of non-individual, including shares registered in the name of Hong Kong Central Clearing Corporation, other agents or trustees, or other organizations or groups, are deemed to be shares held by shareholders of non-resident enterprises, so their dividends due will be deducted from corporate income tax."

The same word also appears in the dividend announcements of eight H-shares that paid interim dividends, including Ping An Group and Sinopec. The non-individual shareholders of Bank of Communications, who paid interim dividends, could only get a 10% discount on the dividends.

The problem is that although there are many individual investors in Hong Kong, most of them are invested through securities companies, bank investment accounts and other channels, and even retail investors who open accounts at Hong Kong Central Settlement (agent) companies are nominally considered to be held by settlement companies. Therefore, they are not individual shares and require 10% income tax.

It's like the last straw that broke the camel's back.

The Hang Seng Index immediately began to plummet!

It's like a waterfall that goes down three thousand feet!

In just 15 minutes, the Hang Seng Index plummeted by 300 points, from 19900 to 19600!

Wang Guanxi was immediately overjoyed!

There was an instant increase of HK$300 million in the account, and now it has a floating profit of HK$2.8 billion, and the net value of the account is as high as HK$3.6 billion!

It's just not too good.

And it's still falling!

19580

19560

19540

···

Half an hour later, it fell to 19400.

Wang Guanxi's account has a floating profit of HK$3 billion.

It lasted for a while and continued to fall!

It fell to 19280 at the lowest point!

However, at the closing of the afternoon, the Hang Seng Index closed at 19300!

Wang Guanxi's No. 1 Fund account has a floating profit of HK$3.1 billion, and the net value of the account is as high as HK$3.9 billion.

Moreover, the decline of the Hang Seng Index has also led to the decline of most Hong Kong stocks across the board!

This is a great thing for Blackshirt Insurance Company!

Because Blackshirt Insurance Company shorted Hao Financial Group, aeon Credit Company, Xinhe Hotel Group, Xinhe Real Estate Group, Dafu Securities Company, New World Development Group, Baipoly Holdings, Dafu Hotel Group, New Century International Company.

The stocks of these listed companies have also been sold off and have fallen a lot.

Huang Shaokai said excitedly: "Boss, this time God is helping us."

Wu Zhankun said excitedly: "Haha, Hong Tianwen, Huang Zhida, Huang Zhiyu, Yuan Kang, Lin Yongfu, Zheng Yuanfeng, Luo Yinghui and the others are finished."

Zhang Dexi also said excitedly: "H shares are generally subject to 10% dividend income tax, this is simply great, it's a god-assisted."

Wang Juehao also said: "Haha, this news is so impressive."

Bai Weiqiang also said: "Hong Kong stocks fell badly this time."

How powerful is the 10% income tax?

For example.

HSBC currently holds 9.382 billion shares of Bank of Communications, with an interim dividend of RMB 0.1 per share, an interim dividend of RMB 938 million, and a tax deduction of RMB 93.8 million, nearly 100 million; it holds 1.234 billion shares of Ping An Group, with a dividend of RMB 0.2 per share, an interim dividend of RMB 247 million, and a tax deduction of RMB 24.68 million; it holds 312 million shares of Huaxia Aluminum, with a dividend of RMB 0.0522 per share, a total dividend of RMB 16.29 million, and a tax deduction of RMB 1.63 million.

With these three H-shares alone, HSBC's dividend of more than 120 million yuan was taken away!

From PetroChina, Deutsche Bank will reduce its dividend by more than 51.7 million yuan, and the dividends received by **** will also exceed 8 million yuan.

This is only for a few large institutions. For tens of thousands of nominal "non-individual" shareholders, and in fact, retail investors, the statistical results must be a huge number, and this 10%-like "dividend tax" undoubtedly further aggravates their pessimism about the current bear market.

Huang Shaokai analyzed: "Boss, this may become an excuse for the market to sell goods in a crazy manner."

After looking at the Hang Seng Index's trend chart, he said: "Hong Kong stocks may be in a shocking atmosphere of panic selling."

Indeed, h shares became the target of market venting this afternoon.

The state-owned enterprise index plummeted by 439.37 points, a drop of as high as 4.19%!

Among the 42 state-owned enterprise index components, only 2 rose slightly, while the remaining 40 H-shares fell across the board, with resource stocks, financial stocks and energy stocks becoming targets for the position washing.

Among them, Shangpei Chemical fell 8.8%, PetroChina fell 4.44%, Sinopec fell 4.11%, Yanzhou Coal fell 7.48%, Luoyang Molybdenum fell 7.31%, Huaxia Shenhua fell 6.38%, China Coal Energy fell 4.84%, China Merchants Bank fell 5.61%, CCB fell 3.86%, Bank of Communications fell 3.86%, and China Life Insurance 3.65%!

In fact, not only H shares, but also the entire Hong Kong stock market is also in awe.

Among the 43 Hang Seng Index stocks, only 2 rose, while 41 fell. Except for the above sectors, large real estate stocks were not spared.

For example, Huaxia Overseas, which has always been highly resistant to declines, became the constituent stock with the deepest decline on the day with a drop of 8.82%!

Xinhe Real Estate Group, a subsidiary of Huang's consortium, fell 8.3%, falling below the key support position, from HK$6.00 per share to HK$5.50 per share. Blackshirt hedge fund shorted 300 million shares of Xinhe Real Estate Group's stock, with a position building position at HK$7.00 per share, with a floating profit of HK$1.5 per share, totaling a floating profit of HK$450 million.

Hang Lung Real Estate fell 5.45%, Hengke Real Estate fell 5.03%, and Changjiang Industrial fell 3.95%.

The share price of New World Development Group, a subsidiary of Zheng's consortium, also fell 8% in the afternoon, from HK$38 per share to HK$35 per share. Black shirt hedge fund shorted 100 million shares of New World Development Group, with an average position of HK$40.00 per share, and a temporary floating profit of HK$500 million.

Zhang Dexi said excitedly: "I really feel that Hong Kong stocks have fallen into a panic stage. Investors are in extremely poor investment sentiment. They have overreported bad news. Investors seem to be losing confidence in the Hong Kong market."

Wu Zhankun also said: "I feel this way, and I also feel that many funds are escaping on a large scale!"

Then he analyzed: "In addition to the continuous heavy blow to investor confidence, the mainland real estate sector, financial stocks, infrastructure stocks and other sectors have been washed in turn, and the stock price is many funds paving the way for redemption of customers at the end of September."

Wang Juehao also smiled and said: "Now the global stock market atmosphere has become extremely bleak. The economies of many countries and regions have declined, and the prospects seem to be becoming increasingly unclear. Therefore, the fund redemption date at the end of the third quarter is likely to become the last opportunity for investors to withdraw."

Bai Weiqiang also said: "Although there is still some time before the end of September, it is estimated that many hedge fund managers have begun to quickly ship goods while the market liquidity is still there to prepare for seasonal redemption."

"In important industries such as banks, insurance, real estate, oil, and metals, as the main force in the market, it can be seen that it is obvious that more sell, less buy, and crazy shipments."

"I just read the HSBC Group's investigation report on the 12 largest fund companies in the world!"

HSBC recently conducted a survey of fund managers of 12 largest fund companies in the world, including Lianbo Investment Management, Allianz Asset Management, Baring Asset Management, Deutsche Asset Management, Fidelity Investment Management, Franklin Templeton Asset Management, HSBC Global Investment Management, Invesco Investment Management, Tianda Asset Management, JF Asset Management, Schroder Investment Management and Societe Generale Asset Management.

By the end of the second quarter of this year, the assets managed by these 12 fund companies exceeded US$6200 billion, equivalent to 17% of the assets managed by global fund companies, making them a fund tycoon.

The survey results show that most of these fund managers with heavy funds are not optimistic about the Asia-Pacific stock market in the third quarter, and some have even begun to increase their holdings of cash and bonds.

"About 44% of fund managers revealed that they would reduce their holdings in the third quarter."

From the perspective of the distribution of managed assets, 17% of the stock assets of these large funds are in the Asia-Pacific region, and of which 3.5% are in Greater China. Among them, stock assets account for 35% of the assets under their management. In other words, of the $6200 billion in assets managed by these 12 large fund companies, about $370 billion is invested in the Asia-Pacific stock market, of which more than $50 billion is invested in Greater China.

According to data reflected by these fund managers, in the second quarter of this year, the funds flowed out of the Asia-Pacific region from these fund tycoons alone reached US$32 billion, of which US$60 billion flowed out of the stock market!

Listening to everyone's discussion, Wang Guanxi smiled faintly and said, "This is a good thing for us."

Huang Shaokai also smiled and said, "Boss, you asked them to sell the financial assets and real estate of the Black Shirt Insurance Company early on. It's so far-sighted."

Blackshirt Insurance Company now has basically no financial assets. All the stocks it originally held were cleared out, in exchange for a large amount of cash flow, and then shorted Lehman Brothers and American International Bank.

I have to say how visionary the boss is!

If it were him, he might not have sold his assets. When the boss sold his assets at a discount, he was still puzzled. Now he finally understood that the global stock market will really not be good in the future!

Wu Zhankun also looked up and said, "Boss, you are so far-sighted."

"It's really hard to believe that our Blackshirt Insurance Company sold all financial assets at a high price early on."

If he still took charge of Yonglong Insurance Company, then Yonglong Insurance Company's assets will only shrink more and more. Fortunately, Yonglong Insurance Company was acquired by Catal Auto Insurance early and merged into a Blackshirt Insurance Company. Moreover, his Wu family did not continue to support him, otherwise the holes in Yonglong Insurance Company will become larger and larger, and the money will be filled more and more.

Wang Guanxi smiled faintly: "The most important thing now is cash flow. As long as we have enough cash flow, we can buy as much stock assets as we want. In the future, we will have plenty of cash to buy cheap stocks at the bottom."

Think about the future and look forward to it. As soon as the financial tsunami comes, global stock markets have fallen for several months, and some stocks have even fallen for half a year.

At that time, black shirt insurance companies and black shirt hedge funds could buy a lot of stock assets at low prices, or even acquire multiple listed companies.
To be continued...