My Age of Investment

   Chapter 1147 Strike **** Wall Street

   Xia Jingxing did not wait for the short-selling ban in the United States, but first waited for the short-selling ban in the United Kingdom.

   On the evening of September 18, Li Yaozu in London led a group of executives to hold a video conference with Xia Jingxing in New York and executives in the New York office.

   "The FSA announced a few hours ago that it will ban short selling from 23:00 today. This temporary ban will be re-evaluated in 30 days, but the ban will be valid until January 16 next year.

   And the FSA also announced a list of financial stocks that are prohibited from short-selling, with a total of 29 companies.

  Our heavy-holding targets, such as Halifax Bank of Scotland, Lloyds TSB Bank, HSBC, Royal Scotland, Barclays, Standard Chartered and other major banks, Standard Life, United Credit and other financial companies are all listed. "

  Xia Jingxing looked at the big screen on the wall, inside Li Yaozu was speaking with a helpless and frustrated expression.

   The Brits can't afford to lose, and they start to flip the table!

   And they, as a private company, have nothing to do with the decrees issued by the state apparatus.

   Liu Hai, who was sitting beside Xia Jingxing, asked aloud, "How does the FSA view the short-selling behavior now? Did you propose to let the judiciary intervene?"

Li Yaozu shook his head gently, "There is no judicial intervention, to borrow the original words of FSA CEO Hector Senz: Although we still consider short selling to be legal under normal market conditions, the current extreme situation is already a threat to the market. Add chaos.

   Chancellor of the Exchequer Darling commented: The short-selling behavior has exacerbated the deterioration of the market environment in the near future, and the introduction of the ban will help the market stabilize. "

  Liu Hai continued to ask: "What about the already held short positions? Did you ask for a liquidation?"

   "There is no requirement for liquidation, but the FSA has also put forward an additional requirement: hedge funds holding short positions exceeding 0.25% of the total share capital of a financial institution must publish position changes and open interest daily from September 23.

   This is equivalent to letting the bears stand in the clear, not only exposing their short-selling behavior, but also accepting pressure and criticism from public opinion.

   Now everyone thinks that the bears played a particularly disgraceful role in the fall of Lehman Brothers. "

  Xia Jingxing tapped his fingers on the table, and the UK fired the first shot of this "prohibition of short selling". It is foreseeable that in order to prevent the financial turmoil from continuing to expand, other countries and financial management departments may choose to follow suit.

   Not to mention the matter of whether or not to be a hooligan, he was originally a hooligan, but now he is just showing his true form.

  Li Yaozu continued in the video: "Daren, there are only two options in front of us now, one is to close the position, and the other is to disclose the short position.

   Of course, the disclosure is also made by Goldman Sachs and Morgan Stanley, they are shorting, but the profit and loss of the shorting belongs to us. "

  Xia Jingxing nodded lightly, "Then what is your opinion?"

   "My opinion is not to close the position!"

Li Yaozu explained: "Today, the sixth largest bank in the UK, which is caught in a liquidity crisis, is also the UK's largest mortgage bank, Halifax Bank of Scotland. Under the promotion of the British government, it has accepted the labor of its competitor. Takeover offer of Ed TSB Bank.

   As soon as the market opens tomorrow, the stock prices of the two banks will definitely rise sharply.

   If we close the position, we will take back a lot of profits.

   I think it's better to communicate with the two investment banks. Anyway, they have not done bad things once or twice. It doesn't matter if their reputation in the UK is worse. "

  Xia Jingxing sneered, but what Li Yaozu said was absolutely correct!

  Because they were afraid that the big bosses on the US side would not give rescue loans, Blankfein and Mai Jinzheng should be more honest.

   But the British don't give money, Goldman Sachs and Morgan Stanley don't need to sell each other's face.

   Playing the **** stick once, it's not a big problem.

   Besides, Envision Capital is a financing amounting to tens of billions of US dollars, and it is also a job for M&A consultants. The two investment banks should also play their own roles.

   "There are still a few days until the 23rd, you wait for my news!"

After a few words of advice, Xia Jingxing told Liu Xiaoduo to turn off the video conference system.

   He glanced at the executives in attendance, and said with a light smile: "How? The financial freedom of bullshit, the final interpretation power is in the hands of each country.

  Some people said before that Hong Kong Island used foreign exchange to crack down on international speculators, which violated the rules!

  Look at it now, don’t say second brother, big brother, it’s all the same when you’re in a hurry. "

Jiang Ping habitually held the glasses on his nose and said: "In the short term, short-selling is indeed the main culprit of the market decline. Short-selling causes the stock price to fall, causing more people to sell in panic, and making more people feel that it is beneficial. Figure, have chosen to join the short army...

   This is a vicious circle, and if it is not stopped, it may indeed lead to a bigger financial crisis.

   Therefore, even if some people object and feel that this violates market fairness and interferes with market liquidity, the regulatory authorities will still choose to implement the short-selling ban. "

   "None of our business, we should be able to close all positions tomorrow!"

  Xia Jingxing couldn't remember the exact time when the short-selling ban on the US side was promulgated, but he felt that it should be in the past few days.

  …………

  …………

   The next day.

   Before the US stock market opened, the SEC announced heavy news.

   announced that from September 19th to October 2nd, 799 financial stocks are prohibited from shorting, and the ban can be extended for 10 days after the expiration of the ban.

  For naked short selling, T+3 delivery is enforced to close the position.

   In addition, the SEC also requires hedge funds and investment institutions with more than $100 million in securities assets under management to report and disclose their short positions on a daily basis.

   As soon as this order came out, the bears wailed, which also means that the bears who entered the market recently will be out before they have made any money.

   And the shorts who entered the market early, such as Goldman Sachs and Morgan Stanley's vests put on by Envision Capital, will also be exposed to the sun.

   If you are not afraid of pressure and accusations from all quarters, you can disclose it under pressure and go short without closing your position.

   However, open positions are limited to stocks that are normally shorted by the market.

   The so-called normal shorting refers to borrowing stocks to sell first, and then buying and closing the position on the delivery date.

   Naked short selling lacks the step of “borrowing shares”, and one-way short selling can be performed directly.

   Generally speaking, in normal short selling, the trading volume is limited because the number of securities that can be borrowed is limited.

   Naked short selling does not require borrowing, so the trading volume will be very large, which encourages the arrogance of speculators and is more likely to disrupt the market order.

  Xia Jingxing and Liu Hai, Jiang Ping and other company executives were sitting in the conference room, watching the "Short Selling Ban" news playing on the TV together.

  Xia Jingxing was a little speechless, saying Cao Cao, Cao Cao will arrive.

   Fortunately, the position was closed early, otherwise it would be very troublesome, because Vision Capital holds a large number of naked short-selling orders.

   Last night, he had a phone call with Blankfein and Michael Mak, and he will be able to close all the positions today without incurring penalties for failing to deliver the stock.

   In addition, he also communicated with the two CEOs. After promising some conditions, the two investment banks planned to help Vision Capital take the blame in the UK.

   At this time, the news channel suddenly jumped, and there appeared a middle-aged white man with black hair who looked like he was of Italian descent.

The man stood in front of a podium, facing the camera, and said loudly: "Since last year, some greedy Wall Street vultures have made profits by tricking investors, manipulating stock prices, spreading rumors and other illegal means, which has seriously disrupted the The US financial order, the SEC has now fully entrusted the New York State Department of Justice to thoroughly investigate the matter.

  I hereby express my position to the public that I will definitely find out those capital vultures, and send them all to court one by one for trial, and give an account to all the families who were hurt in the financial crisis..."

  Jiang Ping usually focuses on investment and doesn't know much about local politicians. At this time, he couldn't help but ask, "Who is this? With such a big tone?"

Abel has a lot of knowledge and friendship, and he introduced with a smile: "New York State Attorney General Andrew Cuomo, his father served three New York governors, his ex-wife is the niece of President Kennedy and the daughter of Senator Robert Kennedy. ."

  Jiang Ping stopped talking, no wonder, the background is quite hard!

  Xia Jingxing had some impressions of Cuomo, because this guy in the previous life also served as the governor of New York for three terms like his father, so he was also called the king of New York.

  The battle to become famous is to crack down on Wall Street!

   Make up for the one chapter owed, and still owe three more chapters.

   (end of this chapter)