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Hong Kong Island: Rebirth of the Rong family, plotting against Soros at the beginning - Chapter 27

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Hong Kong Island: Rebirth of the Rong family, plotting against Soros at the beginning

Hong Kong Island: Rebirth of the Rong family, plotting against Soros at the beginning - Chapter 27
"Have you heard, the collapse of credit unions one by one was done by the chairman of the ice bank bank."

"Hurry up and take it out from the people who have money from the ice inventory, it is estimated that it will not be able to be taken out later."

......

"Have you heard, the credit union chaos planned by the chairman of the Ice Bank Tun Chang."

"Hurry up and take it out from the people who have money from the ice inventory, it is estimated that it will not be able to be taken out later."

......

"Have you heard that the chairman of the Ice Bank Tun Chang planned the credit union crisis."

"Hurry up and take it out from the people who have money from the ice inventory, it is estimated that it will not be able to be taken out later."

......

Early in the morning, the topic of the chairman of the ice warehouse, Tun Chang, created a credit union crisis on the streets.

There are those who believe and those who do not believe, which does not matter to glory.

Just let them bury in their hearts that the bank may be unlucky.

At 8:30 a.m., when the Icebank Bank opened, countless people rushed to the bank's business hall to withdraw money, withdraw money, or withdraw money.

At 9:15 a.m., the stock market opened, and the stock price of Freebank Bank fell wildly.

Inside the café opposite the Freezer Bank

Rong Guang held the coffee, looking at the grand withdrawal of money in the business hall across the road, and the corners of his mouth unconsciously rose slightly.

"Arranged?" Seeing Soros push the door in, Rong Guang slowly walked to his place and sat down.

"It has been arranged for a long time, ten days, divided into multiple small shorts, the total amount is around $100 million."

"There is no way, the size of the ice bank is there, there are many, it is difficult for the funds to hedge successfully, and it is easy to be detected."

He waved his hand lightly, interrupting Soros: "I understand." "

"Regardless of the price, you must close your position today, and the ice bank is likely to fail and delist."

"Only when you get the money in your hand is real money."

Hearing Rongguang's reminder, Soros was slightly stunned: "The Mexican foreign exchange market is delisted, are you counting it in advance?" "

Seeing that Soros was still entangled in the delisting of Mexico, Rong Guang couldn't help but smile.

"Mexico is close to the United States, and the daily foreign exchange market volume is not active."

"The volume is not large."

"Those who have money go to the United States to attack the international market, and that's where they make a lot of money."

"Mexico is facing your crazy selling, and the Mexican government simply cannot resist."

"Do things to leave a line, you can't force people to a corner, rabbits bite people when they are in a hurry."

"Not to mention a country."

Hearing Rongguang's explanation, Soros frowned, and suddenly felt that he only cared about his own profits at that time, and indeed forced the Mexican government to rush.

"It's still comfortable to deal with banks, at least profitable."

Ice bank banks, unlike credit unions, are profitable.

Although it will not be too much, there is no way, after all, the size of the ice bank is not large.

It can't support tens of billions of dollars of short selling.

Moreover, in the early days, Rongguang still did not want the glory fund to be detected so early.

The day passed quickly, and the ice bank was directly taken over by the banking regulator, and the ice bank shrank by 60% on the same day.

Soros also closed his position under the reminder of glory, making a profit of $48 million, which is also a good profit.

According to Rongguang's calculations, the profit should be around $60 million.

But Soros, in order to be safe, initially bought a large number of shares in the Freezer Bank.

Take a short position while selling.

A little more secure! Knowing that Soros was thinking about safety, Glory did not say much.

It was also the first bank run in small days.

Early the next morning, the Banking Supervisory Council announced that the Freezer Bank had collapsed and had been taken over by the Banking Supervisory Committee for asset liquidation.

To say a little here, banks are no better than credit unions, and the country that fails banks will not take over.

That is to say, the bank fails, the money that the people have in the bank, is gone, it is really gone!

This also raises the issue of bank debt ratios.

Banking regulators auction off the assets of failing banks, but the first group to repay the money is not the people.

But a small day central bank!

Most banks will pledge their assets to the central bank and take loans.

Banks are lending to individuals.

The government has repeatedly implemented bank easing policies and lowered interest rates, so that people can easily borrow money for consumption and investment.

In small days, the money earned by the people's investment is returned to the bank.

The direction of their investment is also unique in the world, and they only invest in areas they are familiar with.

For unfamiliar areas, even if they make money, they will not touch it.

For example, if the manufacturing industry is developed, then they will invest in the manufacturing field all over the world.

Including rival companies.

Because they are familiar, they also know who can make money and who can't make money.

Often a lot of profit can be achieved.

This is also the real reason why the land of small Japanese bullets, GTP per capita can reach the second level in the world.

"Which bank are we going to strike at next?" With profitability, Soros's motivation has increased significantly.

"No hurry, let the people brew panic in the small days first."

"Let them know that it's not safe to keep money in the bank."

"As for the next target, Dongjing Dahe Bank, ambush the short order in advance."

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Hong Kong Island: Rebirth of the Rong family, plotting against Soros at the beginning

Hong Kong Island: Rebirth of the Rong family, plotting against Soros at the beginning - Chapter 27

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