Chapter 85 Entering Wall Street and Shorting the U.S. Capital Market
In fact, investing in movies is just a hobby of Li Yue. Whether it is Kunlun Pictures or Kunlun Literature, it is just a wholly-owned subsidiary of Kunlun Capital.
Kunlun Capital's main business is venture capital and financial investment.
While Li Yue invested in director Xu Ke to film "The Piaomiao Xianyou", his capable general Liu Xing had already established the New York branch of Kunlun Capital in New York, the United States, and completed an important acquisition, firing the first shot to enter Wall Street.
Wall Street, a large street in the southern part of Manhattan, New York City extends from Broadway to the East River, extending only one-third of its mile long and only 11 meters wide.
The streets are narrow and short, with only 7 sections from Broadway to the East River, but they are famous for being the "US financial center".
The managers of banks, insurance, shipping, railways and other companies opened by Morgan chaebols, Rockefeller Oil Kings and DuPont Consortium are concentrated here.
The famous New York Stock Exchange is also here, and it is still the headquarters of several major exchanges: such as the Nasdaq, the U.S. Stock Exchange, the New York Futures Exchange, etc.
The term "Wall Street" has now surpassed the street itself and has become synonymous with nearby areas. It can also refer to financial markets and financial institutions that have an influence on the entire US economy.
Black Gold Investment is an asset management institution on Wall Street and a financial consulting service institution.
Its asset management businesses include corporate private equity funds, real estate opportunity funds, hedge funds, private hedge funds and closed-end mutual funds.
Due to the wrong investment in subprime bonds, many funds under Black Gold Investment have been liquidated and the company is facing bankruptcy.
Kunlun Capital acquired Wall Street's Black Gold Investment through an offshore subsidiary.
At this time, the US subprime mortgage crisis had already broken out in full swing, and Wall Street was shrouded in a huge cloud.
The US subprime mortgage crisis, also known as the subprime mortgage crisis.
It refers to a financial storm that occurred in the United States, caused by the bankruptcy of subprime mortgage lenders, forced closure of investment funds, and violent stock market fluctuations.
It has caused a crisis of insufficient liquidity in major financial markets around the world.
The US "subprime mortgage crisis" gradually emerged in the spring of 2006.
In August 2007, it began to sweep the world's major financial markets such as the United States, the European Union and RB.
February 13, 2007
New Century Finance (New �
HSBC Holdings increased its bad debt provisions for US$1.8 billion in subprime mortgage business in the United States. As soon as the news came out, the stock market plummeted that day, with the Hang Seng Index falling 777 points, a drop of 4%.
Countrywide, the largest subprime mortgage company in the United States, Financial Corp reduces lending.
New Century Financial, the second largest subprime mortgage lender in the United States, issued a profit warning.
March 13, 2007
New Century Financial announced that it was on the verge of bankruptcy, with US stocks falling sharply, Dow Jones fell 2%, S&P fell 2.04%, and Nasdaq fell 2.15%.
April 4, 2007
After cutting half of the employees, New Century Financial filed for bankruptcy protection.
April 24, 2007
U.S. home sales fell 8.4% in March.
June 22, 2007
US stocks fell 1.37%, S&P fell 1.29%, and Nasdaq fell 1.07%.
July 10, 2007
S&P lowered its subprime mortgage bond ratings, and global financial markets fluctuated greatly.
July 19, 2007
The hedge fund under the United States' fifth largest investment bank, Bear Stearns, is on the verge of collapse.
August 1, 2007
Macquarie Bank stated that investors of its two high-yield fund face 25% losses.
…………………
After Kunlun Capital acquired Black Gold Investment on Wall Street, it quickly divested its subprime loan business and investment, and many of its funds began to short Fenlimei and Fandimei.
Fannie Mae and Freddie Mae are the two largest non-bank housing mortgage companies in the United States, and are special financial institutions controlled by private investors but supported by the US government.
Fannie Mae and Freddie Mae are the main sources of funding for U.S. housing mortgage loans, with the total amount of housing mortgage loans handled is about $5 trillion, accounting for almost half of the total amount of U.S. housing mortgage loans.
Affected by the US subprime mortgage crisis, the stock prices of American real estate mortgage giants Freddie Mac and Fannie Mac have begun to plummet...
The funds under Black Gold Investment not only shorted Freddie and Fannie Mae, but also shorted Lehman's younger brother, the fourth largest investment bank in the United States and the fifth largest investment bank Bear Stearn.
Lehman's younger brother fell into a serious financial crisis due to the subprime loan problem, his stock price plummeted, and filed for bankruptcy in September 2008.
Bear Stearns' stock price also plummeted and was on the verge of bankruptcy, and his ultimate fate was to be acquired by ****.
At the same time, the funds under Black Gold Investment also shorted the US dollar and made a lot of money!
In an investment building on Wall Street, Manhattan, New York, Steven, the president of Black Gold Investment, changed his previous sadness. At this time, he was full of energy and red face, sitting on the boss's chair.
Half a month ago, Heijin Investment almost went bankrupt because it was deeply involved in subprime loan investment. After being acquired by Kunlun Capital's offshore subsidiary, its funds changed their investment style and began to short the US dollar, the United States' subprime loan companies, as well as the United States' banking stocks.
In just half a month, Black Gold Investment not only turned losses into profits, but also made a lot of money, becoming a hot investment company on Wall Street.
The person who saved black gold investment and turned the world around is a mysterious boss from the East.
"Boss, a new fund under our Black Gold Investment has raised $2 billion. Do you want to continue shorting the US capital market?"
During the conference call, Steven asked for advice from the mysterious boss far away from the ocean with a look of respect.
This mysterious boss of Oriental is simply a financial genius, a god of investment, and a big short seller in the US capital market.
All financial products designated by the boss to short sell will have a sharp drop in the short term, making black gold investment profitable and becoming the most dazzling star investment company on Wall Street in one fell swoop.
Now, as long as black gold investment issues fund products, it will be snatched by American investors, which makes it very easy for them to raise funds.
"Steven, don't hesitate. All funds under Black Gold Investment will continue to short the US dollar, short Fellow and Freddie Mac, short Lehman's brother, Bear Stearns, Citigroup, Goldman Sachs, JP Morgan, Bank of America, Wells Fargo... all short, all short the US bank shares!"
In the president's office on the 36th floor of Jinmao Building, Li Yue leaned against the boss's chair and looked calm. He issued investment instructions to Steven, who was far away on Wall Street, to short the US capital market.
Rebirth 2007, what is the most profitable investment?
It is not investing in Erma, not investing in high-tech companies such as Apple and Facebook, nor is it investing in any unicorn company.
Instead, he frantically shorted the US capital market during the subprime mortgage crisis!
Now shorting the US capital market is still foresighted. When the subprime mortgage crisis breaks out in full swing, even large American investment banks such as Goldman Sachs and Morgan Stanley will join the ranks of shorting the US capital market and share this feast.
[This book has received another strong recommendation from the starting point. Friends who read the book have all cast their free recommendation votes, thank you!]
Chapter completed!