bullyxtreme Chapter 190 Lehman finally went bankrupt
Chapter 190 Lehman finally went bankrupt
Chapter 190 Lehman finally went bankrupt
"Made, Lehman is really going to die!" Wu Hongning called, and Qu Li had to put down his work and go to Xiangjiang Association, Vision Fund, and Xiangjiang Investment.
Since August, Lehman Brothers has been negotiating with various capitals to seek shares, including many domestic financial institutions, such as Zhongyan Securities.Unfortunately, after experiencing the heavy losses suffered by China Investment in Blackstone, Morgan Stanley and Ping An Insurance in its investment in Fortis, the relevant authorities have tightened restrictions on domestic capital going overseas.
Kimchi China Development Bank was the most promising and sincere candidate to take over Lehman Brothers, but Lehman’s CEO could not understand the formality. Negotiations broke down on September 9, and Lehman’s share price plummeted 10% from US$18. On September 45, it announced the third The huge loss in the third quarter was US$9 billion, far exceeding previous expectations, and the stock price continued to plummet to US$11. On September 39, Lehman sought to be sold as a whole, but business partners terminated cooperation and switched to other securities firms and banks. Lehman's stock price continued to plummet to $4.22.
Qu Li originally bought short options on several stocks, and the Vision Fund was also shorting Lehman Brothers. The short selling price exceeded $50. Naturally, he made a lot of money at this time.
September 9th and 13th were the weekends. Qu Li came to Xiangjiang. After thinking about it, he contacted Zhang Yiwen and made an appointment in Shangri-La. He had too much money and did not dare to live in a cheap place.
"Why did you come here alone?" Qu Li greeted him.
"How many people do you want to come with?" Zhang Yiwen looked a little haggard.
"Did you abort the child?"
"No, you want me to abort you?"
"I want you to find a female life assistant to take care of you."
"Then why don't you find one for me?"
The two hugged each other and talked nonsense, but they were not ordinary people after all. In the end, they got down to business. The bankruptcy of Lehman may cause market panic.The international crude oil price fell from US$140 to US$101, and Xiangjiang Investment's 2 short positions made a profit of US$7.8 million.
"How dare you take such a large amount of money without Huatou's backing?" Zhang Yiwen cried.
Qu Li has indeed been worried about making too much money from the financial market. He has 120 short options on crude oil with a price of 2 US dollars, and now has a profit of nearly 50 million. By the end of the year, the international crude oil price will be lower than 7 US dollars, and the profit will exceed 18 million. Dollar.And what about Xiangjiang Investment?By then, the profit will be at least US$[-] billion.
How things ended up like this, it doesn't matter at this moment, their lives will continue after all, while Zhang Yiwen's body can still bear it, they will be whipped wantonly!
"Let's buy a house in Xiangjiang." Afterwards, Qu Li planned the future of the two of them.
"Okay, I want a big house."
"Buy what you like, whether it's on the mountain top or the seaside. Do you want to become a Hong Kong citizen?"
"why?"
"After all, power outweighs wealth in China. Xiangjiang is slightly better and more suitable for the rich."
"I haven't thought about this problem..."
"Then think about it when you have time. What do you think we can do in the future to form a thousand-year-old family like the Qian family?"
"Which Qian?"
"Zhejiang Qian family, haven't you heard of San Qian's name?"
"what do you mean?"
"In the future, I will not leave most of my wealth to future generations. At most, I will establish a family education and entrepreneurial fund. Whether they can succeed or not is up to them. Chen Danlin and I said the same..." Qu Li said about his plan
"Lin Zexu once said something that I think is very reasonable: If my descendants are like me, they will keep their money for something. If they are wise and rich, they will lose their aspirations. If their descendants are not as good as me, they will keep their money for nothing. If they are foolish and rich, they will increase their ambitions. Pass."
"Why don't you say you want to branch out!" Zhang Yiwen pointed out mercilessly
"You're thinking too much." Qu Li struggled to argue
"How many children do you want me to have for you?"
"Two, three? One boy and one girl?" Qu Li looked at her guiltily
"Hmph, go and give birth on your own..." Zhang Yiwen said angrily
The next day, Qu Li went to the Vision Fund to discuss tomorrow's response strategy. If the Federal Reserve did not save Lehman Brothers, it would most likely be a disaster. The Vision Fund was not the only one shorting Lehman and U.S. stocks. The interests involved were extremely high. big.
Of course, for the Vision Fund, the money earned from shorting Lehman is a trivial matter. The real impact will come later. The privatization of Spreadtrum Communications and the acquisition of Xiangcai Securities are the big ones.When the financial crisis hits, most things that seemed out of reach before can now be discussed.
"Does Spreadtrum's major shareholder want to sell something again?"
"You can charge as much as you want. It doesn't matter whether the price is high or low. It won't exceed US$4 anyway."
Northern Lights may privatize Spreadtrum together with Envision. The loss is the US stock Leek. The stock price was US$1 or US$2 when it was listed a year ago. Now it is only US$[-]~[-].There are not many variables in Spreadtrum Communications. Even if the privatization fails, it will still be acceptable.
"What are your plans after acquiring Xiangcai?"
"After acquiring Xiangcai, we took control of Xiangjiang Investment..." Well, Qu Li thought about this sentence in his mind. The controlling right has a purpose, and the control right is not in his hands, especially in this industry that relies heavily on talents. The distribution of income Inherently inclined towards individuals who can bring profits.
Of course, what they were discussing was how to make Xiangcai Securities bigger and stronger, but Qu Li understood how to cheat this brokerage.Since it focuses on wealth management, of course it is necessary to have a fund, and it is a fund that can make money. This is not difficult at all for Qu Li.
"After acquiring Xiangcai, we established several funds including US stock QDII and gold ETF..." Qu Li is full of confidence. Is there anything simpler than stock trading in the world? Who doesn't know that gold will become sky-high in price?
"What if no one invests?"
"We spend our own money." Qu Li was not afraid, what a chance, brothers!
After talking about this, Qu Li came to Xiangjiang to invest in the afternoon.
"We have contacted GLP. They are planning to sell domestic logistics real estate, but China Investment's funds are aimed at overseas. If we want to acquire it, there may be compliance risks?"
"Just pretend you don't know. When this market wave ends, will Xiangjiang Investment still be short of money?"
"Probably not." Zhang Yiwen thought for a moment. In the first half of the year, he spent US$1.5 million on long crude oil and earned US$6 million. In the second half of the year, short international crude oil fell from 150 to around US$100. Such high-level private equity appears in the real world. , it is definitely being snatched up like crazy, let alone 2% plus 20%, even a 30% profit share cannot stop the crazy funds.
For example, Wall Street's Paulson Fund became famous during the subprime mortgage crisis and reached US$2008 billion in early 360. Even if capital discriminates against Chinese women, it shouldn't be too much for Xiangjiang Investment to reach US$100 billion next year, right?
On the evening of September 2008, 9, the Federal Reserve announced that it would not provide financial assistance to Lehman Brothers, Bank of America announced the acquisition of Merrill Lynch, Barclays, Berkshire, etc. announced that they would not invest in Lehman. On September 14, Lehman officially filed for bankruptcy protection, and the century-old investment bank collapsed...