Reborn Tech Maniac

Chapter 707 Is Tang's richest man making money or losing money?

……

Under the cover of the nest, there is no complete egg.

On October 1987, 10, the day of Black Monday, the top two companies on the "Forbes 19" list of the richest people in the United States - Tang Huan and Sam Walton's companies - Fangyuan Computer and Wal-Mart, each directly evaporated dozens of market values One hundred million U.S. dollars.

Industrialists can't help but suffer from it, and even investors are not spared - George Soros of Quantum Fund lost more than 2 million US dollars in one day.

Of course, amidst the devastation, there is no shortage of insightful people who have made a fortune in futures and bonds by being short-sighted, such as Paul Tudor Jones——Paul Tudor Jones.

No matter how sad or happy the players are, the final result will be borne by themselves, and the scope of influence is limited, but how the exchanges, government-related agencies and other dealers save the market will involve thousands of households.

After recovering from the shock, major trading markets around the world have imposed trading restrictions to allow enough time for electronic trading systems to clear transactions, and also to help central banks gain buffer time to mobilize large amounts of funds into the market Rescue the market, and then relieve the panic in the market, avoid continuous panic decline and possible subsequent financial collapse.

Among them, as the first domino to fall, the trading restrictions in the Hong Kong trading market were the most aggressive.

On the second day of Black Monday, that is, in the early morning of October 1987, 10, Li Fuzhao, chairman of the Xiangjiang Stock Exchange, obtained the approval of the Financial Secretary after consulting the Financial Secretary, the Financial Services Department and the Commissioner of the Securities Regulatory Commission, and announced that the Xiangjiang Stock Exchange will Since then, the market will be closed for 20 days, that is to say, the market will not reopen until the next Monday—October 4.

This makes the Xiangjiang stock market the only one among the world's major stock markets that is closed.This move is naturally aimed at calming down investors and at the same time gaining more buffer time to save the market.

You know, although the current Xiangjiang trading market is prosperous and world-famous, there are too many imperfections.

for example.A pattern like Xiangjiang.The stock market and the futures market are supposed to be opened under one market maker, but now they are managed by two different companies. Under certain market conditions, the phenomenon of incoordination with each other is particularly prominent. .

For another example, the Hang Seng Index futures launched on May 1985, 5 has been disabled. As early as March this year, it was suspended due to a drop of more than 6 points; after October, the open interest exceeded 3 100, the deposit value alone has exceeded 10 billion Hong Kong dollars. Compared with billions of financial risks, the share capital of Hong Kong Futures Exchange’s guarantee company is only 8 million Hong Kong dollars.

However, not everyone supports Li Fuzhao's decision to suspend the market.

After all, the Xiangjiang stock market was closed for four days with a click, which directly caused a large number of futures brokers to fail to perform their contracts. In addition, on the following Saturday and Sunday, for a full six days, anxious stakeholders were unable to take any on-market trading activities and could only Looking helplessly at other major trading markets in the world, they whimpered and plummeted all the way.

It is conceivable that the 4-day suspension of the Xiangjiang stock market not only failed to relieve the panic of investors as expected, but instead accumulated negative energy, waiting for the moment of concentrated release.

Under such a severe situation, on Saturday, October 10, the Xiangjiang Banking Association announced a cut in interest rates, hoping that this move would restore investors' confidence; on the second night, the Xiangjiang Financial Secretary announced that the main brokers in the futures market and Xiangjiang The 24 billion Hong Kong dollars provided by the shareholders of the futures company, plus the 10 billion Hong Kong dollars withdrawn from the foreign exchange fund, totaled 10 billion Hong Kong dollars as a backup loan to support Hong Kong Futures Guarantee Co., Ltd. and save the futures market that is about to collapse.

However, in the face of the global stock market crash, all these efforts are in vain.

On Monday, October 10, the Xiangjiang stock market, which had been suspended for four days, reopened.

As a result, it took only 15 minutes for the Hang Seng Index to drop by more than 650 points. At the close of the day, it dropped a total of 1120.7 points, a drop of 33.33%, which became the largest single-day drop in history in the world.

At the same time, the futures index fell by 1554 points.Calculated at 50 Hong Kong dollars per point, each futures index lost 77700 Hong Kong dollars.This makes many futures holders unable, or simply do not want to fulfill the contract.

If calculated on the basis of 8 open contracts, the amount reached 62 billion Hong Kong dollars, far exceeding the bearing capacity of the guarantee company.

And the 20 billion Hong Kong dollars announced by the Financial Secretary of Hong Kong last night to save the guarantee company instantly seemed pitiful and ridiculous.

This market must not collapse. The Financial Secretary of Hong Kong, who has no way out, once again allocated 10 billion Hong Kong dollars from the Exchange Fund, together with 10 billion Hong Kong dollars in loans from Bank of China, HSBC, and Standard Chartered Bank, a total of 20 billion Hong Kong dollars, forming a new reserve. Loan to continue to support Xiangjiang Futures Guarantee Co., Ltd.

At the same time, the Hong Kong government began to mobilize the major financial groups in Hong Kong to work together to rescue the market.

……

"Tang, the situation in Hong Kong's capital market is very bad now. The Hang Seng Index is falling every day, and there is no bottom in sight." suffering.

Tang Huan, who was fiddling with a pile of documents in front of him, replied seriously: "Of course I know something. I have been paying close attention to the situation of Xiangjiang's capital market."

Wei Yixin laughed and started to talk: "I also know that the relationship between Qinhe Group, HSBC, and certain consortiums in Xiangjiang has been complicated since the second half of this year. But after all, we are all sitting in the same boat, and our lives and deaths depend on it. At this time, we should put aside our past grudges and tide over the difficulties together."

Tang Huan hummed noncommittally, "I still have a view of the overall situation. Your Excellency Du Xian, why don't you just tell me what you need me to do?"

"I don't know..." Wei Yixin asked ponderingly: "Is Tang's hand rich at the moment? Provide a sum of cash to support Xiangjiang Futures Guarantee Co., Ltd. You know, this is the most direct and powerful measure."

"Since Your Excellency Duxian has opened his mouth, no matter what, I will do my best." Tang Huan said directly, "I'll transfer [-] million US dollars first, is that okay?"

"That's great." Wei Yixin thanked him with great joy, "That's it for now. Huang Zhixiang from Xinhe has arrived, and I have to have a good negotiation with him. This person bought it with a shell company through his own securities firm. With [-] index futures, today, the loss has reached one billion Hong Kong dollars, but he intends to liquidate the shell company to pass the customs. Breaking the rules like this, where will the Hong Kong government be placed?"

"It's quite a big bet." Tang Huan laughed dumbly, and at the same time, he also felt how desperate Hong Kong governor Wei Yixin was, fighting fires everywhere.

"Tang, please make time to come to Xiangjiang for a show in the near future. We need the presence of heavyweights to boost morale." Before ending the call, Hong Kong governor Wei Yixin did not forget to remind.

"Of course I want to appreciate some people's wonderful expressions," Tang Huan muttered meaningfully and signed his name on the document.

……

In October, which just ended on all trading days, the overall declines of major global trading markets were: Hong Kong fell by 10%, Sydney fell by 45.8%, London fell by 41.8%, New York fell by 26.4%, and Toronto fell by 22.6%.

Facing the cruel facts, no one will doubt that a new economic cycle is coming.

However, this kind of bearish investment opportunity is fleeting. When people who least care about stocks know that the stock market crash has occurred, there is not much point in operating it.

Tang Huan pushed aside such summary report documents and began to count the spoils.

To be honest, he can only be sure that he has made money this time, but the exact amount is not clear.

This also illustrates the fact that when the wealth reaches a certain level, the owners often suffer from "confusion".

Tang Huan had already passed the stage where he was so excited that he wanted to know the result immediately, as long as his subordinates put his concerns in front of him in time.

As a counterattack to HSBC, nearly [-]% of the shares of Oceanic Bank of America have fallen into the hands of Tang Huan. As for the cost, it can only be described as "sweeping goods".

Tang Huan can directly take this trophy and slap HSBC heavily; or he can transfer it to HSBC's competitors to disgust them severely; as for more tricks, they are still being designed.

The spoils this time are of course not limited to the United States. Also because of the relationship with HSBC, Midland Bank, one of the four major banks in the UK, has also followed in the footsteps of the Oceanic Bank of the United States, not including the ship queen Christina and other partners. The result of the battle, its 14.9% stake, was assigned to Tang Huan.

I have to say, "Thank you" for the hurricane that hit London hard, "Thank you" for "Black Monday", and of course I also want to thank the UK for relaxing the regulation on the acquisition of local banks by foreign companies.

Banking is too professional and the water is too deep. Tang Huan also has no intention of investing real affection in Midland Bank.

Although it ranks among the top four settlement banks in the UK, due to poor management, Midland Bank respectfully takes the last place and belongs to the "small four".

At this stage, Midland Bank's biggest problem is that it has incurred losses of US$24 billion and US$36 billion due to loans to Latin America and successive international acquisitions.

It is precisely because of this that Midland Bank, like Ocean Bank of the United States, has become a hunting target without difficulty, but HSBC is still slower than the richest man.

In fact, in the past few years, HSBC's business, that is, Hong Kong, has been making steady profits without losing money, and the performance of its international expansion business is also not good.

"This is the weakest period of HSBC, but it still dares to come to provoke me. I really think that no one can see through the true colors of foreign powers and middle-aged people." Tang Huan snorted disdainfully, picked up the file and ran towards Jin Ming said, "Third brother, take it outside and fax it to Xiangjiang."

Jin Ming, who was about to turn seven years old, glanced at the beginning of the document seriously and asked bluntly: "Dad, what happened to those guys who were fighting in groups?"

"It's time to greet them." Tang Huan patted Jin Ming's head with a smile.

In this global stock market crash, of course Tang Huan was not the only one taking targeted actions. The Kuwait Investment Authority, which BP had coveted for a long time, officially launched a full-scale attack without Tang Huan's prompting.

Looking at the document, Tang Huan couldn't help shaking his head slightly, and said to himself, "I hope you can get what you want."

At this time, Jin Liang also ran in and reported sternly: "Father, it's almost time for the reception, you have to get ready to leave."

……

Due to the successful prediction of "Black Monday", Paul Tudor Jones's fund bucked the trend and obtained a return of more than 60.00%, which made his amazing talent emerge.

While the outside world is talking about it, they haven't forgotten Tang Huan's financial model project in late August that produced predictions that were completely contrary to the facts.

Although Tang Huan deliberately kept a low profile after sitting in town, everyone has already received news that the project is still running, and it seems that more resources have been invested.

In particular, at a media briefing, in order to coax Tang Huan to tell his true attitude towards IBM, all the reporters on the scene dropped a little change into the project as a joke, and everyone got the documents in a serious manner.

Originally, this kind of impromptu game was just used as side news and used for conversation after dinner, but the "Black Monday" caused a lot of chicken feathers, as well as the amazing performance of Paul Tudor Jones. The financial model project that once created a luxurious international joke has once again entered the public eye and has become the focus of eager exploration.

You know, this global stock market crash has directly reduced the net worth of Tang Huan, the richest man in the United States, by several billion dollars. Insurance?The operation of this financial modeling project can be regarded as an example of billionaires betting on multiple sides.

After the catastrophe, whether Tang's richest man made a profit or a loss, even "Forbes", which was in charge of compiling the rich list, couldn't tell for a while.

It is a pity that the source of funds of the richest man is relatively closed, and he is naturally not obliged to disclose everything to the outside world in detail. This makes all those who pay attention to the truth feel like they are seeing flowers in a fog, and are extremely itchy.

The more mysterious it is, the stronger the cat's curiosity becomes. There are many good people who make loud noises such as, "The tabloid, we need it to stand up at this time."

Fortunately, with the utmost care, clues can always be found, and the breakthrough lies in those reporters who have "invested".

According to rumors, they each received a check ranging from $100 to $1000, an invitation to a reception, and a letter explaining: "Thank you for your investment of trust in us, In order to save everyone’s time, the cumbersome redemption operation will not be carried out, but the income will be distributed in this way.”

Many journalists who received surprise gifts said that the $100 or $1000 check would not be cashed by themselves, but would be kept as an alternative collectible.

As for further information, we can only hope for that reception.

(End of this chapter)