Rebirth of the Tech Madman

…

Under the covering of the nest, there are no eggs.

On October 19, 1987, Black Monday, the top two on the "Forbes 400" American Rich List-Tang Huan and Sam Walton's companies-Fangyuan Computer and Wal-Mart, directly lost billions of dollars in market value. .

Industrialists can’t help but suffer, and even investors are not spared—George Soros of Quantum Fund lost more than $200 million in one day.

Of course, under the sorrow, there is no shortage of people of insight. Through short-sales, they have made a lot of money on futures and bonds, such as paultudorjones—Paul Tudor Jones.

No matter how great the players are, the final result is borne by themselves, and the scope of influence is limited. However, how the market makers such as exchanges, government agencies, etc. save the market will involve thousands of households.

After being relieved from the shock, all major trading markets around the world have set trading restrictions to allow the electronic trading system to have enough time to clean up transactions, and at the same time help central banks in various countries to win buffer time to mobilize a large amount of funds to inject into the market. Rescue the market, thereby alleviating the panic in the market, and avoiding the continuous panic decline and the financial collapse that may follow.

Among them, as the domino that fell first, the trading restrictions in the Xiangjiang Exchange Market were the most aggressive.

On the second day of Black Monday, in the early morning of October 20, 1987, the chairman of the Hong Kong Stock Exchange, Li Fuzhao, after consulting with the Financial Secretary, the Financial Secretary and the Commissioner of the Securities Regulatory Commission, obtained the consent of the Financial Secretary and announced that the Hong Kong Stock Exchange will be today. The market will be closed for 4 days, which means that the market will not reopen until the next Monday-October 26.

This makes the Hong Kong Stock Market the only market in the world's major stock markets that is closed. This move is naturally to calm investors down and at the same time strive for more buffer time to rescue the market.

You must know that the current stage of the Hong Kong trading market is indeed prosperous and world-renowned, but there are too many imperfections.

such as. A pattern like Xiangjiang. The stock market and the futures market should be opened under the umbrella of the same bookmaker, but now they are managed by two different companies. Under certain market conditions, the phenomenon of incoordination with each other is particularly prominent. .

Another example is the Hang Seng Index futures launched on May 6, 1985, which has been crippled. As early as March of this year, it was suspended because it fell by more than 100 points; after October, the number of open positions exceeded 8 Ten thousand, the deposit value alone has exceeded 1.2 billion Hong Kong dollars. Compared with the billions of financial risks, the guaranteed company share capital of the Hong Kong Futures Exchange is only 15 million Hong Kong dollars.

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

After all, the Hong Kong stock market was closed for four days, which directly resulted in the failure of a large number of futures brokers to perform. In addition, the following Saturdays and Sundays, for six days, the impatient stakeholders were unable to take any on-market trading activities. Looking blankly at other major trading markets in the world, he wailed and fell sharply all the way.

It is conceivable that the Hong Kong stock market was closed for 4 days, not only did not relieve investors' panic as expected, but instead accumulated negative energy, waiting for the moment of concentrated release.

In such a severe situation, on Saturday, October 24, the Hong Kong Banking Association announced an interest rate cut, hoping that this move would restore investors’ confidence; on the second night, the Hong Kong Financial Secretary announced that the main brokerage of the futures market and Hong Kong The 1 billion Hong Kong dollars provided by the shareholders of the futures company, plus the 1 billion Hong Kong dollars withdrawn from the Exchange Fund, totaled 2 billion Hong Kong dollars, which were used as standby loans to support Heung Kong Futures Guarantee Co., Ltd. and rescue the futures market that was about to collapse.

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

On Monday, October 26, the Hong Kong stock market, which was closed for four days, reopened.

As a result, it only took 15 minutes for the Hang Seng Index to fall by more than 650 points. At the close of the market, it fell by 1120.7 points, a drop of 33.33%, making it the world's largest single-day drop in history.

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

If calculated on the basis of 80,000 open positions, this amount has reached 6.2 billion Hong Kong dollars, which is far more than the guarantee company can afford.

And the two billion Hong Kong dollars announced by the Hong Kong Financial Secretary last night to save the guarantee company seemed pitiful and ridiculous in an instant.

This market must not collapse. The Financial Secretary of Hong Kong, who has no retreat, once again allocated 1 billion Hong Kong dollars from the Exchange Fund, together with 1 billion Hong Kong dollars from Bank of China, HSBC, and Standard Chartered Bank, for a total of 2 billion Hong Kong dollars to form a new reserve. Loan, continue to support Xiangjiang Futures Guarantee Co., Ltd.

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

…

"Tang, the situation in the HeungKong capital market is very bad now. The Hang Seng Index is falling every day, and there is no bottom line." On the transoceanic conference call system built by HeungKong Telecom and Pacific Telecom, the Governor of Hong Kong Wilson said endlessly. Suffering.

Tang Huan, who fiddled with the pile of documents in front of him, replied in a serious manner: "Of course I know something. I have always kept a close watch on the situation in the Xiangjiang Capital Market."

Wilson hit a haha ​​and started to swim and said: "I also know that the relationship between Qinhe No.1 and HSBC and certain consortiums in Hong Kong has been intricate since the second half of this year. But after all, everyone is sitting in the same boat. At this time, we should abandon our previous suspicions and tide over the difficulties together."

Tang Huan gave a noncommittal hum, "I still have this point of view of the overall situation. Your Excellency Du Xian, it is better to just say, what do I need to do here?"

"I don't know..." Wilson Wilson asked musingly: "Does Tang currently have a lot of money to provide a sum of cash to support Xiangjiang Futures Guarantee Co., Ltd. You know, this is the most direct and powerful move."

"Since your Excellency Du Xian opened the golden mouth, no matter what, I have to do my best." Tang Huan also expressed his attitude directly: "I will adjust the 200 million US dollars first, can I?"

"It's great." Wilson repeatedly thanked him with great joy, "Then first. Huang Zhixiang from Xinhe is here, and I must have a good negotiation with him. This person buys it with a shell company through his own securities firm. With 10,000 futures, the loss has reached one billion Hong Kong dollars today, but he intends to liquidate the shell company to pass the customs. Where will the Hong Kong government be placed in such a breach of the rules?"

"It's a pretty big bet." Tang Huan laughed dumbly, and at the same time felt how embarrassed Hong Kong Governor Wilson is now, fighting fire everywhere.

"Tang, please make sure to take time to come to Xiangjiang Luyi in the near future. Heavyweights are needed here to boost morale." Before ending the call, Governor Wilson reminded him.

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

…

In October, when all trading days just ended, the overall declines in major global trading markets were: Hong Kong fell 45.8%, Sydney fell 41.8%, London fell 26.4%, New York fell 22.6%, and Toronto fell 22.5%.

Faced with the cruel facts, no one will question again, and a new economic cycle is here.

It's just that this kind of bearish investment opportunity is fleeting. When the people who least care about stocks know that the stock market crash has occurred, it doesn't make much sense to operate.

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

To be honest, he can only be sure that he earned this time, but the exact value is not clear.

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

Tang Huan has passed the stage of being so excited that he has to know the result immediately, as long as his subordinates put the things he pays attention to in front of him in time.

As a counterattack to HSBC, nearly 40% of the shares of Ocean 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 slaughter HSBC heavily; or transfer it to HSBC's competitors to severely disgust the other party; as for more tricks, they are still in the process of designing.

The spoils of this time are of course not limited to the United States. Also because of HSBC's relationship, Midland Bank, one of the four largest British banks, has also followed in the footsteps of the American Ocean Bank. It is not counted as the female ship king Christina and other partners. Zhanguo, its 14.9% equity, was placed under the name of Tang Huan.

I have to say, "Thanks" for the typhoon that hit London hard, "Thanks" "Black Monday", and of course also thank the United Kingdom for relaxing the supervision of overseas companies' acquisition of local banks.

The bank is too professional and the water is too deep. Tang Huan also didn't plan to invest his true feelings in Midland Bank.

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

At this stage, the biggest problem with Midland Bank is that its loans to Latin America and successive international acquisitions have caused losses of US$2.4 billion and US$3.6 billion, respectively.

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

In fact, in recent years, HSBC's business, that is, Hong Kong's base camp, has made steady profits, and the performance of its international expansion business is also not good.

"This is HSBC's weakest period, but it dares to come to provoke me, do you really think that no one can see the true face of foreign powers." Tang Huan snorted disdainfully, picked up the files and ran in to play with the brocade. Ming said: "The third child, take it outside and fax it to Xiangjiang."

Seeing that Jinming was seven years old, he glanced at the beginning of the file with a sensation, and asked crisply, "Dad, what's going on with those gangsters now?"

"It's time to greet them." Tang Huan smiled and touched Jinming's head.

In this global stock market crash, of course, Tang Huan was not the only one who acted in a targeted manner. The Kuwait Investment Bureau, which had been coveted by BP, formally launched a full-scale attack without Tang Huan’s prompting.

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

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

…

As a result of the successful prediction of "Black Monday", Paul Tudor Jones' fund bucked the trend and obtained more than 60% of the return, which made him stunningly born.

While the outside world is talking about it, they have not forgotten Tang Huan’s financial model project that had predicted results that were completely contrary to the facts in late August.

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

In particular, in a media briefing, in order to coax Tang Huan to tell his true attitude towards ibm, all the reporters at the scene humorously invested a small amount of change for the project, and everyone received the documents ceremoniously.

Originally, this kind of impromptu game was only used as lace news by everyone, used for after-dinner talks, but "Black Monday" caused a spot of chicken feathers and Paul Tudor Jones' amazing performance. UU Reading www.uukanshu. com made the financial model project that once created a luxury international joke once again entered the public eye and became the focus of eager exploration.

You know, this global stock market crash has directly reduced the wealth of the richest man in the United States, Tang Huan, by billions of dollars, but this is just the most intuitive phenomenon on the bright side. Which billionaire is not trying to manage his own assets in an all-round way. Insurance? The operation of this financial model project can be regarded as an example of multi-betting by billionaires.

After a catastrophe, whether Tang's richest man made a profit or lost it, even the "Forbes" who was responsible for compiling the rich list couldn't make it clear for a while.

It is a pity that the source of funds of the richest man is relatively closed, and naturally he has no obligation to disclose everything to the outside world in detail. This makes all those who are concerned about the truth like looking at flowers in a fog, and it is hard to bear.

The more mysterious the cat, the stronger the curiosity of the cat, and there are many good people who make such loud screams, "The gossip tabloid, we need it to stand up at this time."

Fortunately, I have been diligent to the extreme, and I can always find clues. The breakthrough lies in the reporters who have "invested".

According to rumors, they each received a check ranging from US$100 to US$1,000, accompanied by a reception invitation letter, and a letter explaining: "Thank you for your investment in our trust. In order to save everyone's time, the redemption operation with cumbersome procedures will not be carried out, and the income will be distributed in this way instead of the whole area.

Many reporters who received surprise gifts said: The check for 100 dollars or 1,000 dollars will not be cashed by themselves, but as an alternative collection and preserved.

As for further information, I can only pin my hopes on that reception.