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Chapter 50 Bank Run

"Boss, the share price of Eden Biotechnology has dropped to seventeen US dollars and will soon fall below the issue price."

Qin Yi raised his wrist and looked at his watch, frowned slightly, and warned sternly: "There are still four hours until the closing. You still have a lot of work to do."

How can we do it when it has only dropped to seventeen dollars? Let me attack at 17 cents!

After hanging up the phone, Qin Yi showed a relaxed smile.

At this time, in a luxuriously decorated private business club, a group of elites in suits and ties were sitting on the leather sofa.

They include staff members of the White House staff, managers of family foundations, senior financial analysts on Wall Street, and senior executives of Enron.

Looking at the blood-red stock trends on the screen, no matter who they were, they were all in a state of carnival.

Some jumped on the sofa and laughed crazily, and some were hugging each other and spraying each other with expensive champagne.

Human beings' joys and sorrows are not the same.

While they were still celebrating the biggest single blood profit in their lives, Qin Yi only felt that they were noisy.

Qin Yi turned around and walked into the box, and met a smiling ghost man who gave him a warm hug.

"Dear Zhao, you succeeded! You really did it!"

Qin Yi carefully pushed away the Enron CEO, "Mr. Skilling, this is the result of our joint efforts!"

Jeffrey Skilling smiled from ear to ear, nodded and said: "Yes, this is a miracle we created together, let us cheer!"

There was warm applause in the box, and everyone's face was glowing.

After all, more money was made from short selling this time than ever before.

"It's not the time to celebrate yet, this is just the beginning of the carnival!" Qin Yi clapped his hands and attracted everyone's attention, "I'm afraid the New York stock market will fall to 1 US dollar, which is the limit. Even if it reaches 5 US dollars, it will be

Suspended."

But there was no worry on the faces of everyone present. Even if trading was suspended, they had already made huge profits of billions of dollars.

Everyone who participated made a lot of money, and some even had enough money.

Some people are beginning to think about how to avoid taxes at this time. After all, they are making too much money.

"The war on the United States will end soon, but the war on Hong Kong Island has just begun." Qin Yi raised his wine glass, "Our goal will provide us with fatter profits than the creatures in the Garden of Eden."

Jeffrey Skilling also raised his glass and shouted: "Cheers to HSBC!"

“For HSBC!”

Everyone raised their glasses together and drank the wine in one gulp.

Qin Yi's target was HSBC from the beginning, and he spent a lot of effort and effort to lure them into the game.

HSBC, which was in urgent need of funds, easily got into this pit.

What was waiting for them was not Qin Yi, a hunter, but a group of vampires.



In the morning on Hong Kong Island, in a secret villa.

Luo Minsheng stayed up almost all night and got up at seven in the morning.

While yawning, I made myself a cup of coffee and read the newspaper that had been delivered early.

The local media in Hong Kong have not paid much attention to the stock market turmoil that has occurred on the other side of the world in the past few days.

However, the media and newspapers in Southeast Asia have begun to publicize it. The previously hotly hyped Eden Creatures, with a market value of up to 20 billion US dollars, suddenly became worthless in just two or three months.

Such a big event, coupled with the fact that newspapers in surrounding areas reported it in full for several days, spread the news throughout Hong Kong Island.

Soon gossip magazines followed suit, fabricating the news content to become even more outrageous, vaguely mentioning that a bank had invested all of its depositors' money in Eden Biotech stocks.

Now that stocks are plummeting, all that money has evaporated.

The twists and turns of the story and the bizarre content soon became a household name.

In just two days, various versions of rumors spread on the streets.

Some guessed Standard Chartered, some guessed Dayou, and some said it was Citigroup.

As a result, major banks had to come forward to refute the rumors and announced in the pages of major newspapers that we did not speculate in Eden Biotech's stocks.

Amid the trend of refuting rumors, one person has always remained silent.

In order to avoid panic, regular newspapers also used front-page headlines to objectively describe the biological thunder incident in the Garden of Eden.

Now that things have reached this point, there is no need for anyone to guess.

After going around for a long time, it seems that the media discovered that HSBC is a shareholder of Eden Biotech.

It seems that they have forgotten the fact that the previous hype on Eden Biotech stocks caused the share price of HSBC to rise.

Luo Minsheng took the freshly baked newspaper and walked quickly to the living room.

At this time, the trader who had been living in the villa had already gotten up and was eating breakfast.

Luo Minsheng waved the newspaper in his hand, "The news has come out, it's our turn."

"There are still two and a half hours until the market opens, and then it's time for you all to show off your skills." Luo Minsheng put his hands on the table and looked at these traders with a serious face, "We have been planning for three months and have been waiting for this moment."

"We now have 6 billion Hong Kong dollars in our account. The boss has raised 1 billion US dollars and it will arrive tomorrow. In addition, we have 3 billion US dollars to back us up."

"We have only one goal, short HSBC!"

All the traders present were excited. With such a large amount of funds in hand, not to mention HSBC, they had the confidence to short the entire Hong Kong stock market.

These people are all traders specially recruited by Luo Minsheng. They have worked together for many years and they know everything about them and they trust them.

In order to prevent leaks, they have been almost kept under house arrest in the villa for the past few months, just to wait for this time.

After eating and drinking, the confident trader sat in front of the computer and waited for the stock market to open.

Soon, as soon as 9:30 arrived, the stock market opened with fluctuations.

The stock price of HSBC began to show signs of falling, but soon funds came in to support the stock price, and it rebounded slightly.

But this was nothing more than a return to glory, and soon the stock price began to plummet, continuing to plummet.

The stock market is in danger, but HSBC's major offline branches have faced a greater impact.

A large number of depositors have lined up in a long queue, waving deposit certificates and demanding to withdraw their deposits.

After receiving the news, the eyes of the major executives went dark, and what they feared most appeared.

There was a run on the bank.

The HSBC board of directors finally panicked. On one hand, they needed funds to support the market, and on the other hand, they needed cash to cope with the bank run. Their capital flow could no longer sustain it.

As a last resort, HSBC began to ask for help, immediately borrowed money from other banks, and began to lobby large customers to ask them not to transfer their deposits.

At the same time, HSBC began to ask the Hong Kong Monetary Authority for help, asking them to help HSBC solve the problem and prohibit public runs.

The chairman of the Hong Kong Monetary Authority yelled, "I don't care what you do, but you ask me to wipe your butt. How can such a good thing happen?"

So the HSBC board of directors only got one sentence: the Hong Kong Monetary Authority needs to discuss countermeasures.

Everyone knows the rest, just go through the process and wait patiently.

There are many officials in the Hong Kong Monetary Authority who owe money to HSBC, and several important figures have been cheated by organ loans. How can I give them a good look?

What's more, in this case, wouldn't it be better if the bank failed?

The attitude of other major banks is even more ambiguous, saying that they are also strapped for funds and there is really nothing they can do to help.

It has nothing to do with me whether you die or not. Stay away from me and don't cause me to be squeezed.

After three days of support, HSBC, whose stock price was cut in half, announced that it would temporarily suspend operations for rectification due to technical reasons.

As for when it will open, we will notify you later.

But everyone knows that HSBC Pills.


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