Chapter 50 Bank Runs

"Boss, Yin Dianyuan Bio's stock price has fallen to $17, and it is about to fall below the issue price."

Qin Yi raised his wrist and looked at his watch, his brows furrowed slightly, and he sternly admonished, "There are still four hours before the market closes, and you still have a lot of work to do."

How can I do if it falls to seventeen dollars, give me 17 cents!

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

At this time, in the luxuriously renovated private business club, a group of elites in suits and leather shoes sat on the leather sofa.

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

Looking at the blood-red stock movements on the screen, no matter what their identities were, they were all now in a carnival.

Some jumped on the couch and laughed wildly, others hugged each other and sprayed each other with expensive champagne.

The joys and sorrows of human beings are not the same.

When they were still celebrating the biggest empty blood in their lives, Qin Yi only felt that they were noisy.

Qin Yi turned around and walked into the box, and was greeted by a ghost old man with a smile on his face and gave him a warm hug.

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

Qin Yi cautiously pushed away the president of Enron, "Mr. Schilling, this is the result of our joint efforts!"

Jeffrey Skilling smiled from ear to ear, nodded and said, "That's right, this is a miracle we have created together, let's cheer!"

There was warm applause in the box, and everyone was red.

After all, this time you made more money shorting than any other time.

"It's not time to celebrate, it's just the beginning of the party!" Qin Yi slapped his face and drew everyone's attention, "I'm afraid that the New York stock market will fall to $1 here, and even if it reaches $5, it will be suspended."

But there was not the slightest worry on the faces of the people present, and even if the trading was suspended, they had already made billions of dollars in huge profits.

Everyone involved made a lot of money, and even some of them were overwhelmed.

Some people began to think about how to avoid taxes at this time, after all, there is too much money to make.

"The war on the side of the United States will soon end, and the war on the Hong Kong side has just begun." Qin Yi raised his glass, "Our goal is to provide us with fatter profits than Yin Dianyuan creatures."

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

"For HSBC!"

Everyone raised their glasses together and drank them all.

Qin Yi's goal was HSBC from the beginning, and it took a lot of thought and tricks to lure them in.

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The tickets plummeted, and all that money evaporated.

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

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

There are those who guess Standard Chartered, those who guess Dayou, and those who say Citi.

As a result, major banks had to come forward to refute the rumors, announcing in major newspapers that we did not speculate on the stocks of Yin Dianyuan Biotechnology.

In the tide of refuting rumors, there is a clear stream that has always remained silent.

In order to avoid panic, regular newspapers also used front-page headlines to objectively tell about the Yindianyuan biological thunderstorm.

Things have come to this point, and you don't have to guess.

After going around for a long time, it seems that the media found out that HSBC is a shareholder of Yin Dianyuan Biotechnology.

It seems that they have forgotten about the previous speculation on Yin Dianyuan biological stocks, which led to the rise in HSBC's stock price.

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 for a long time had already gotten up and was eating breakfast.

Luo Minsheng waved the newspaper in his hand, "The news has come out, it's time for us to play."

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

"Now we have 6 billion Hong Kong dollars in our account, and the boss has raised 1 billion US dollars and will arrive tomorrow, in addition to 3 billion US dollars as our backing."

"We have only one goal, to short HSBC!"

The traders present were all excited, with this scale of funds in hand, not to mention HSBC, even if they were short the entire Hong Kong Island stock market, they were also confident.

These people are all traders specially found by Luo Minsheng, who have cooperated for many years, and they know the roots and trust them well.

In order to prevent leaks, they have been almost placed 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 down in front of the computer and waited for the stock market to open.

Soon, as soon as half past nine arrived, the stock market opened with fluctuations.

HSBC's share price began to show signs of falling, but soon funds came in to support the stock price, and it recovered slightly.

But this is just a return to the light, and soon the stock price began to plummet and dive.

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

Large numbers of depositors have formed a long queue, waving certificates of deposit demanding to withdraw their deposits.

….

The eyes of the major executives who got the news went dark, and their worst fears appeared.

There was a run on the bank.

HSBC's board of directors finally panicked, on the one hand, they needed money to support the market, and on the other hand, they needed cash to cope with the run, and their cash flow could no longer hold on.

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

At the same time, HSBC began to turn to the HKMA for help, asking them to help HSBC solve the problem and prohibit public runs.

The chairman of the HKMA directly scolded, you don't care about the shit, but let me wipe my ass, how can there be such a good thing.

As a result, the HSBC board was only given a sentence that the HKMA needed to discuss a countermeasure.

Everyone understands the rest of the things, go through the process, you wait slowly.

There are many officials in the HKMA who owe money to HSBC, and there are several heavyweights who have been cheated by organ loans, where will they give them a good face.

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

Other major banks are even more ambiguous, saying that they are also short of funds and really can't help.

It doesn't matter to me whether you die or not, stay away from me, don't cause me to be squeezed too.

After three days of support, HSBC's stock price was cut in half

Due to technical reasons, the cloth was temporarily closed for rectification.

As for when it will open, we will announce it later.

But everyone knows that HSBC pills.

Doctor