According to reports, this story begins at an entirely unscientific moment: Zhou Ziye, a designer who rose from creating counterfeit mobile phones, suddenly time-traveled back to the year 1984.
...Isn't this just a disguised way of giving the other party a commission?
A boss is a boss. If he could understand how a boss works, he wouldn't be working for someone else.
Xing Baohua looked at the analysis charts and data for a while, and during his break, he was also deep in thought.
The US, Japan, South Korea, and the UK have already transferred funds there in advance.
Only Hong Kong!
Hong Kong was also one of the hardest-hit areas in this stock market crash. Xing Baohua didn't have much spare capacity to manage it, so he could only leave more than 2 billion Hong Kong dollars to support his company's stock.
At least it won't make me lose face so badly.
Huahong's two listed companies are currently experiencing slow growth, and it seems they are poised to surpass their issue price.
However, the ensuing stock market crash will cause heavy losses for both institutions and individuals who bought stocks.
This will definitely trigger a massive sell-off, especially among retail investors.
The stock price was pushed down again.
Selling at a loss to save oneself has always been a tradition among retail investors. If Xing Baohua were ruthless enough, he could drive the stock price down to its lowest point and then launch another round of share buybacks.
They made a fortune, but they lacked conscience.
That's how the capital market works. So, the reason for preparing 2 billion is to prevent retail investors from losing too much money, so that they can continue to have confidence in these two companies and buy into the next round of price increases.
Given how much money Xing Baohua made fighting against speculative investors, it wouldn't make sense for him not to support the market and bail it out!
Lehman Brothers is evaluating Xing Baohua, and the results will be available soon.
They had similar ideas to Xing Baohua and granted a quota of 3 billion.
With the addition of the 1.5 billion US dollars that Xing Baohua wants to deposit, the total will be 4.5 billion.
This 3 billion yuan is only for purchasing financial products from the Lehman Brothers brokerage platform; it cannot be withdrawn or transferred for other purposes.
The conditions are extremely demanding.
They are not as flexible as Morgan Stanley, HSBC, or even Standard Chartered.
The next time they talked, Xing Baohua came to Lehman's headquarters.
Enjoying a fine coffee in Collins' office.
He was casually smoking when the other party made demands. Didn't Xing Baohua know how to do it?
“Mr. Collins, I am here with the intention of establishing a cooperative relationship with your bank.” After reviewing some of the terms and conditions, Xing Baohua slammed the documents onto his desk.
“Xing, isn’t the money you need just to buy financial products at Two Fingers? The funds we set up are only for the safety of Lehman’s clients, so you don’t need to worry about these things,” Collins said with a touch of arrogant affection.
“Four billion is not enough for me. I’m planning to short two fingers,” Xing Baohua replied.
"Are you kidding me, Xing? With the current upward trend, you want to short it? Are you crazy? Didn't your financial experts give you advice, or do you just want to do something crazy?"
Hearing Collins' question, Xing Baohua said, "Morgan and HSBC, give me a quota of 3 to 5 billion each. I believe you can find out. I plan to use 13 billion US dollars to short the two indexes."
"You're crazy."
"How about we make a bet, Mr. Collins?" Xing Baohua asked Collins with wide, seemingly red eyes, like a gambler.