Then Wang Guanxi looked at the specific holdings of Yonglong Insurance Company carefully.

Currently, Yonglong Insurance holds 25 million shares of China Resources Beer, with a position of 22.00 yuan per share.

Now the stock price of China Resources Beer is still fluctuating at 10.00 per share, with a floating loss of HK$12, 25 million shares, and a floating loss of HK$300 million.

China Resources Gas lost 75 million yuan.

China Resources Cement lost 25 million yuan.

A total of HK$400 million was lost in three listed companies under China Resources Group.

If Wu Zhankun did not increase his holdings in the listed companies of the China Resources series, Yonglong Insurance would have fallen into the dilemma of shortage of liquidity early, Yonglong Insurance would not be acquired so quickly.

However, now this mine has reached Wang Guanxi's hands and he wants to solve it. Fortunately, after several rounds of sharp drops in the stock price of listed companies in the China Resources series, it can no longer fall at the low level, and maybe it will rise sharply next week.

There are many problems with Yonglong Insurance, but fortunately, Catalan Auto Insurance is fine!

Recently, it cashed out all stocks, bonds, and real estate at Catalan Auto Insurance.

Because the stocks I have held have risen a lot recently, Catalan Auto Insurance has cashed out 300 million yuan in cash. In other words, Catalan Auto Insurance has no financial assets held now, and all exists in cash.

Catalan Auto Insurance has a total assets of 600 million, total liabilities of 500 million, and net assets of 100 million.

Total assets are 600 million, including 300 million in current cash and 300 million in liability reserves.

This ceo Huang Shaokai did a very good job.

Wang Guanxi praised Huang Shaokai beside him and said, "Mr. Huang, you have done a good job."

Huang Shaokai smiled and said, "Boss, you are all good at giving advice."

"Haha" Wang Guanxi smiled: "Mr. Huang, you have to operate very well."

At this time, Huang Shaokai asked: "Boss, Yonglong Insurance has been successfully privatized. We might as well let the two companies merge to reduce expenses. It turns out that there are many lazy people in Yonglong Insurance, and I plan to fire them."

Wang Guanxi thought for a while and said, "Okay, let the two insurance companies merge and allow Catalan Auto Insurance to replenish the funds."

"Yes, boss" Huang Shaokai looked excited.

Then the two companies merged together and renamed Hong Kong Blackshirt Insurance Company, which belongs to the Blackshirt Group.

The six executive directors of the company are Wu Zhankun, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng and Huang Shaokai.

At the same time, Huang Shaokai served as the CEO of Hong Kong Blackshirt Insurance Company and fired many executives to reduce costs.

Blackshirt Insurance Company currently has a liability of 3.7 billion yuan, and its total assets are 3.6 billion yuan, of which 300 million yuan of current cash, 1.3 billion yuan of liability reserves, and 2 billion yuan of financial assets.

Of course, the net worth is minus 100 million!

But don't worry.

Because of this 300 million cash flow, Hong Kong Blackshirt Insurance Company will not obviously dry up liquidity, and then gg.

Now Hong Kong Blackshirt Insurance still holds a large number of portfolio bonds and stocks, such as China Resources Beer, China Resources Gas, China Resources Electric Power, China Resources Cement... Sinopec.

Just when these stocks rise, these stocks will rise again before the global financial crisis breaks out, and then plummet.

Wang Guanxi ordered: "Mr. Huang, sell all the combination bonds of Hong Kong Blackshirt Insurance Company, and no one left, then get back as much as you get back."

"Then slowly clear all the stocks, so that most of the assets can be turned into cash."

Now Hong Kong Blackshirt Insurance Company has assets of 3.6 billion yuan, many of which are stock assets. When the stock rises, its assets will also increase.

The rise in stocks can increase the value of these 3.6 billion assets to 4 billion assets, so the net assets of Hong Kong Blackshirt Insurance Company are HK$400 million.

Of course this is just a book calculation of stocks.

If the stock falls, the 3.6 billion assets may be reduced to 3.2 billion assets, and the net assets will be negative HK$400 million.

Before the global financial tsunami comes, cash is king.

Then Wang Guanxi emphasized: "Remember, be slow and try to cash out more cash."

"Yes, boss" Huang Shaokai nodded solemnly.

Next, on Saturday, weekend, and Monday, Hong Kong Blackshirt Insurance Company threw out all the combination bonds, including Merrill Lynch, Nevada First National Bank, California First Traditional Bank... Washington Mutual Bank, Lehman Brothers.

Many insurance companies and financial institutions have taken over at low market prices because they believe that the issuing bond companies or banks will not go bankrupt, and even if there are many crises, the government will still rescue them.

The biggest takeover is Chu Jianming, the Kanghong Global Insurance Company. The major shareholders behind Kanghong Global Insurance include Lu Yinhe, the Lu family of Galaxy Entertainment Group, and Hong Tianwen, who is in the Jiehao Financial Group.

Jiehao Financial Group has a market value of more than HK$16 billion, manages many assets, and also owns Jiehao Securities Company.

Galaxy Entertainment Group is even more amazing, with a market value of more than HK$25 billion.

In Hong Kong in 2008, they were also very rich and of course they were incomparable to China Resources Group. However, the future market value of Galaxy Entertainment Group is as high as 300 billion, which is also awesome.

This time, Hong Kong Blackshirt Insurance Company sold the underwritten bonds of Lehman Brothers, Florida First Priority Bank and Washington Mutual Bank to Kanghong Global Insurance Company at a 40% discount.

Chu Jianming, chairman of Kanghong Global Insurance Company, was very happy. It was 40% off. They made 40% that day!

He said excitedly: "Haha, we have a happy cooperation. If you have good bonds for sale at a discount in the future, come to me!"

These bonds are very stable and the interest returns are also stable. He didn't expect that the Hong Kong Blackshirt Insurance Company would sell them at a 60% discount. Isn't this too timid?

Lehman Brothers, Florida's No. 1 Priority Bank, and Washington Mutual Bank are all big banks, big but not falling. Although there is a little bit of a small crisis, they will eventually pass.

Huang Shaokai smiled and said, "Mr. Chu, sure, sure."

After Chu Jianming left, he returned to his villa, where guests came, one was Lu Yinhe, a family member of the Lu family, and the other was Hong Tianwen from Zhenhao Financial Group.

"Old Chu, where have you been?"

"Why are you just coming back now? I've been waiting for you for a long time. Come and play chess, play chess."

"I just went to do a business with a fool and made 40% immediately, haha." Chu Jianming was very proud.

Then he briefly told Lu Yinhe and Hong Tianwen.

The ceo Huang Shaokai from Hong Kong black shirt insurance came to Wang Guanxi.

He said: "Boss, the portfolio bonds have been sold."

Wang Guanxi nodded: "It's done well"

He was in a hurry to throw out these bonds, which were all highly toxic. If these fools wanted them, they would definitely be dragged into the water.

Florida's No. 1 Priority Bank, Washington Mutual Bank, and Lehman Brothers will all go bankrupt and have not received bailout from the US government.

Kanghong Global Insurance Company?

It has become a hot commodity.

Just waiting for these combination bonds to burst.

Thinking of this, Wang Guanxi was very excited.

Although these combination bonds are 40% off and they lose a lot of money, it is better than losing all their money?

This time, Hong Kong Blackshirt Insurance Company sold all its bonds at a discount, and its assets shrank a lot.

These bonds are worth HK$500 million, but they are 300 million, and they only get HK$300 million and lose 200 million, which makes the net assets of Hong Kong Blackshirt Insurance Company negative HK$300 million.

To increase the liability reserves to avoid trouble from the CSRC, Wang Guanxi asked CYO Huang Shaokai to transfer all the HK$300 million into the liability certificate. The higher the proportion of liability reserves, the safer it is. The previous proportion of Yonglong Insurance's liability reserves was too low.

The 300 million Hong Kong dollars cannot be moved, just like the bank's deposit to the central bank.

As a result, Blackshirt Insurance Company still has HK$300 million in working capital.

Total liabilities are 3.7 billion, total assets are 3.4 billion, of which 1.6 billion are liable reserves, 300 million current cash, and 1.5 billion financial assets.

Kanghong Global Insurance Company is also the major shareholder of Asia Financial Holding Company, but the largest shareholder of Asia Financial Holding Company is Chen Tianqing.

Wang Guanxi is preparing to mobilize funds to short Asian financial companies.

Open its stock price and take a look.

It's not time to short.

Then Wang Guanxi opened the stock price trend charts of China Resources Gas, China Resources Cement, China Resources Beer and China Resources Electric.

Today is July 21st, and in the morning, the stocks of the China Resources series did not fall today.

Starting from the afternoon trading, the stocks of the China Resources Beer series rose collectively.

At the close.

China Resources Power, held by Blackshirt Insurance, has already begun to make profits.

China Resources Gas Floating Loss Losses 65 million Hong Kong dollars.

China Resources Cement lost 20 million Hong Kong dollars.

China Resources Beer suffered a floating loss of HK$250 million.

The loss of 65 million was reduced on the books, which was not bad.

The total assets of Blackshirt Insurance Company are rising.

The next day, on July 22, the stocks of the China Resources series rose again.

The stock price of China Resources Beer has even risen to 15.00.

Wang Guanxi immediately cleared all positions in the China Resources series.
To be continued...