Rebirth of the Tech Madman

Chapter 769 Tang’s richest man earns or loses

...

Under the cover of the nest, how can there be any eggs.

On October 19, 1987, the day of Black Monday, the top two companies on the Forbes 400 list of the richest people in the United States - Tang Huan and Sam Walton's companies - Fangyuan Computer and Wal-Mart, the market value directly evaporated dozens of times 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 200 million US dollars in one day.

Of course, amid the devastation, there is no lack of insightful people who have made a lot of money in futures and bonds by being short-sighted, such as paultudorjones-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 transaction restriction action of Xiangjiang Trading Market is the most radical.

On the second day of Black Monday, that is, in the early morning of October 20, 1987, Li Fuzhao, chairman of the Xiangjiang Stock Exchange, obtained the consent 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 4 days, that is to say, the market will not reopen until the next Monday—October 26.

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 must know that although the Xiangjiang trading market at this stage is prosperous and world-renowned, 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 6, 1985 has been disabled. As early as March this year, it was suspended due to a drop of more than 100 points; after October, the open interest exceeded 8 10,000, the deposit value alone has exceeded 1.2 billion Hong Kong dollars. Compared with billions of financial risks, the share capital of Hong Kong Futures Exchange’s guarantee company is only 15 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, the impatient stakeholders could not take any on-site trading activities. 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 24, the Xiangjiang Banking Association announced a rate cut, hoping that this move would restore investor confidence; on the second night, the Xiangjiang Financial Secretary announced that the main brokers in the futures market and Xiangjiang The 1 billion Hong Kong dollars provided by the shareholders of the futures company, plus the 1 billion Hong Kong dollars withdrawn from the foreign exchange fund, totaled 2 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 26, 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, with a total drop of 1120.7 points at the close of the day.

The drop was as high as 33.33%, making it the world's largest single-day drop in history.

At the same time, the futures index fell by 1554 points. Calculated at 50 Hong Kong dollars per point, each futures index lost 77,700 Hong Kong dollars. This makes many futures holders unable, or simply do not want to fulfill the contract.

If calculated on the basis of 80,000 open contracts, the amount reached 6.2 billion Hong Kong dollars, far exceeding the bearing capacity of the guarantee company.

And the 2 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 1 billion Hong Kong dollars from the Exchange Fund, together with 1 billion Hong Kong dollars in loans from Bank of China, HSBC, and Standard Chartered Bank, a total of 2 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. On the transoceanic teleconference system jointly constructed by Hong Kong Telecom and Pacific Telecom, Hong Kong Governor Wei Yixin chattered and told 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 made a haha, and began to lobby: I also know that Qinhe Group, HSBC, and some consortiums in Xiangjiang have had complicated relationships since the second half of this year. But after all, we are all sitting on the same boat, and we will live and die here. At this time, it is reasonable to abandon the previous suspicions and tide over the difficulties together.

Tang Huan hummed noncommittally, I still have this point of view of the overall situation. Your Excellency Du Xian, why don't you just say it, what do I need to do here?

I don't know... Wei Yixin asked ponderingly: Is Tang's hand rich at present? 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 200 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 10,000 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 the wonderful expressions of some people, Tang Huan muttered meaningfully, and signed his name on the document casually.

...

In October, when all trading days just ended, the overall declines of major trading markets in the world were as follows: Xiangjiang fell by 45.8%, Sydney fell by 41.8%, London fell by 26.4%, New York fell by 22.6%, and Toronto fell by 22.5%.

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

It's just that this kind of short-term investment opportunity is fleeting. When people who don't care about stocks know that the stock market crash has happened, it doesn't make much sense to operate again.

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 40% 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$2.4 billion and US$3.6 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 Mr. Richest Man.

In fact, in the past few years, HSBC's business, that is, the headquarters of Xiangjiang, has been making a steady profit 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 crisply: Father, how are those gangsters doing now?

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

Of course, Tang Huan was not the only one taking targeted actions in this global stock market crash. 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' fund gained more than 60% of the income against the trend, which made him surprisingly brilliant.

While the outside world is talking about it, they haven't forgotten Tang Huan's financial model project in late August that gave a prediction that was 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 out of his true attitude towards IBM, all the reporters at 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 Mr. Richest Man's source of funds is relatively closed, so he is naturally not obliged to disclose everything to the outside world in detail.

The more mysterious it is, the stronger the cat's curiosity is, and there are many people with good intentions uttering such loud cries, What about the gossip tabloids, 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 $1,000, 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 $1,000 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.

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