Yuwenfei got into the car and rushed to the direction of the city.

While on the way, he made a phone call.

"Manager Wang, I'm Yu Wenfei...... Yes, it's me, I'll wait to go to your securities company and talk about financing. ”

This manager Wang is the key account manager of Haitong Securities Company.

Yu Wenfei's amount of capital, no matter in any securities company, is undoubtedly a big customer, and there are a full 40 million in the account.

Margin financing and securities lending is a service provided by securities companies for large customers, of course, in 2002, securities lending and borrowing were not allowed, including financing.

However, in private, in order to compete for large customers, any securities company will provide this service.

Financing, to put it simply, is that Yu Wenfei uses the stocks in his account as collateral to borrow money from a securities company to speculate in stocks.

Of course, after financing, his account will be monitored by the securities company.

Even, sometimes the other party will provide an account number and only let you operate, but the account is bound to the other party's bank card.

In this way, the other party can monitor in real time and there will be no risk of funds being transferred.

Before the financing funds are repaid, Yuwenfei cannot transfer the money from the books, and if the market value of the stocks under the account falls to a certain extent, Yuwenfei needs to replenish enough funds to go in.

Otherwise, the securities company has the right to directly help him force the liquidation, regardless of the stock price at that time, and directly liquidate the position!

Yu Wenfei now wants to eat the stocks up to 100,000 hands on the falling limit, his own funds are far from enough, and the fastest and most convenient way he thinks of is to raise money from a securities company!

Because if you raise money from somewhere else, it's definitely too late.

Today, it is the old Zhuang of Xia Xin Electronics who is demonstrating to himself and showing his muscles, so throwing so many hands of stocks is scaring himself.

This is also an opportunity for me to eat all the stocks in Lao Zhuang's hands.

If you miss today, tomorrow they may not be able to lower the price.

............

In the VIP room of Haitong Securities Pudong Branch, Yu Wenfei said bluntly to Manager Wang: "I want to buy a stock on financing, and the money in the account is not enough. ”

Manager Wang asked with a smile on his face: "I don't know how much money Fei always needs us to provide, you are a VIP customer of the company, and within a certain range, our branch can directly approve the loan." ”

"I have 40 million in my account, can I get 100 million?" asked Yu Wenfei.

100 million?

Manager Wang was stunned, this number is not small.

He thought for a while, "100 million is not impossible, but I want to remind Mr. Fei, because the financing ratio is too high, the downside of the stocks you buy will be controlled very small, and it is easy to have the risk of liquidation." ”

Under normal circumstances, in order to control the risk of their own funds, securities companies will set up a clearance line.

For example, Yu Wenfei has 40 million of his own funds, and if he borrows 100 million, the total value of the account is 140 million.

But it does not mean that the clearance line will be set at the number of 100 million, but at the line of 110 million, or even 120 million.

Because there is really a big fall, even if the securities company clears the position, it will take time and take over the object, and it is easy to have a situation where it can be sold for a few days in a row, so it will reserve a certain amount of space for itself.

Yu Wenfei borrowed so much, the risk is definitely very great!

With 140 million stocks, it only takes one and a half to reduce the total market value to 120 million.

Is a half-down limit easy?

Judging from the current stock market situation, it is relatively easy......

Therefore, Manager Wang must first give a reminder to Yu Wenfei in case of disputes in the future.

Yu Wenfei is confident, and the reason why he borrowed 100 million is because he judged that Lao Zhuang may only have so many stocks in his hands, and no matter how much he has, there will be no more.

And I still have 30 million cash in my hand, plus this 100 million, after eating the 100,000 hands on the fall limit, I can still have 40 million cash, just in case of accidents.

Can't wait a few more trading days, Xia Xin Electronics' great benefits are coming, and at that time, no one can stop the soaring share price of Xia Xin Electronics!

Even if the worst happens, that is, Lao Zhuang still has a lot of stocks in his hands, and he will continue to reduce prices tomorrow and stop falling.

I'm not afraid.

Needless to say, if you mortgage the copyrights and future earnings of your three books, you can easily get one or two hundred million from HSBC.

The reason why I didn't go to HSBC is because there is no time today, and the approval procedures there are relatively troublesome.

The risk is controllable, the profit is promising, this kind of investment, of course, is worth doing!

"Borrow so much, help me with the formalities. Yu Wenfei said without hesitation.

Manager Wang saw that he was so sure, so he didn't say anything anymore, and called someone to go through the loan procedures.

Of course, borrowing is not free, but has to bear the corresponding interest.

This kind of borrowing is calculated on a daily basis, and the number of days is the number of days of the loan. It is very convenient to borrow and repay at any time, but the interest rate is a little higher.

Moreover, the loan contract signed with Yuwenfei was not in the name of Haitong Securities, but a separate financial company, which was to circumvent certain regulations and unspoken rules of the industry.

According to Yu Wenfei's requirements, 100 million funds were divided into three accounts, each with more than 30 million on each account, and these three accounts were provided by the financial company and handed over to Yu Wenfei for operation.

Now under his control, there are a total of 10 million Xia Xin electronic stocks with a market value, and a total of 130 million cash in four accounts!

Why divide into four accounts?

This involves some regulations of the stock market, when you buy a stock more than 5% of the total share capital of the stock, you must issue an announcement, which is called "raising the card".

After raising the card, you become a shareholder of the company, enjoy the corresponding shareholder rights, but also bear the corresponding responsibilities.

If you want to sell the stock again, it will be more troublesome.

Yu Wenfei just wants to make a quick buck, he doesn't want to be the major shareholder of Xiaxin Electronics.

Therefore, it is simply necessary for the financial company to provide a few stock accounts and disperse the funds to operate, so that it is convenient for them to cash out in the future.

Yu Wenfei looked at his watch, he didn't eat at noon, and rushed over directly from the school.

The time to hurry, plus the time to go through the financing procedures, also took more than two hours.

It's just over two o'clock in the afternoon, and the stock market closes less than an hour away.

Directly asked Manager Wang to find a big room for himself and log in to the four stock accounts he controlled, he had to hurry up, otherwise there would be no time.

............