Sinopec and PetroChina are falling and their assets are shrinking. Wang Guanxi is not in a hurry to clear the position because they will continue to rise.

At Sinopec, PetroChina's losses increased, increasing losses of 50 million.

The losses in the China Resources series decreased by 250 million yuan, from the original floating loss of 400 million yuan, and in the end it only lost 150 million yuan. This wave of stock price increase, which increased the total assets by 200 million yuan.

500 million yuan of cash was cashed out in the China Resources series.

Blackshirt Insurance Company's cash flow reached HK$800 million.

Continue to replenish the liability reserves, transferring HK$400 million, and leaving HK$400 million in liquid cash.

However, the liabilities are 3.7 billion yuan, the asset size is 3.6 billion yuan, the responsible reserve is HK$2 billion, the current cash is 400 million, and the financial assets are 1.2 billion.

Net assets are negative HK$100 million.

This time, all the stocks of the China Resources series were cleared, reducing the future losses to the minimum. The clearance of stocks of other listed companies was handed over to CEO Huang Shaokai.

If the position is closed too quickly, the less cash will be cashed out and the total assets will be reduced.

Therefore, these stocks need to be cleared slowly, as long as they are cleared before the global financial crisis breaks out.

Because the stocks of many listed companies are fluctuating greatly, the stocks of those very good listed companies are now very high and cannot be bought, because when the financial tsunami comes, stocks will plummet collectively and you will lose a lot of money when buying anything.

Cash is king.

Then wait for these stocks to plummet and go to buy at the bottom.

This is Wang Guanxi’s plan.

Blackshirt Insurance Company has 400 million cash flow, but it is only for the insurance company and does not belong to Wang Guanxi. Only when the insurance company distributes dividends can Wang Guanxi get profit dividends.
Chapter completed!