Chapter 1295

February 28 is Saturday, which is a rest day and the stock market is not open.

However, this day is the delivery date of 90% of the empty orders on the market. According to the agreement, Soros these short sellers must return the stocks they borrowed from various securities companies to these securities companies before 23:59 this evening.

This is undoubtedly a big doomsday for all short sellers. Their stocks have long been thrown out as shells to suppress the stock market. Now they have to pay back their debts. They have to buy again from the stock market, but the price is about 100% higher than the original stock price.

And money may not be able to buy it. After all, when the whole stock market is bullish, many investors will just cover their stocks and look forward to growing back. It's very difficult to expect them to sell their stocks.

Including Soros, although these bears madly purchased stocks these days, they gained little. Finally, they only got back about 30% of the stocks, and there is still a gap of 70%.

In other words, they have no stock to return to the securities companies.

Then, according to the regulations of the securities company, for the irreparable part, the securities company will mortgage their assets with various short positions and settle the account according to the stock price on the settlement day.

For example, Soros borrowed 100 million shares for $10 billion at a price of $100 per share.

But now the stock has risen to $200 a share, but Soros can't return 100 million shares. Then each securities company will convert the $10 billion pledged by Soros there into 50 million shares at the price of $200 a share.

But this is not over. Soros will still owe $10 billion to the securities company. If you add the interest rate on the stock borrowed before, it will be $10.5 billion.

If Soros delays paying the bill every day, he will have to calculate the liquidated damages for one day, which are calculated up with interest. Each day is an amazing interest of tens of millions of dollars.

If Soros still doesn't return it within a certain period of time, the securities company has the right to apply for liquidation of all the assets of Soros's Quantum Fund and make up for its own losses.

In other words, if Soros doesn't pay the bill, the whole quantum fund will be finished. Therefore, Soros should figure out the account before the final settlement deadline on February 28, even if he is selling iron.

Of course, it is impossible to liquidate quantum funds.

Soros borrowed a total of US $30 billion of stocks. He has made a desperate acquisition these days and has recovered about US $10 billion of stocks. All these stocks can be returned to the securities company, so there are about US $20 billion of stocks that cannot be returned, and the current price of these stocks has risen to about US $40 billion, that is to say, In addition to paying off his shares, Soros has to pay back another $40 billion to securities companies.

At the same time, however, Soros still has about $15 billion in cash in his hand, and the cash he mortgaged to the securities company is $30 billion, so Soros only needs to hand over $11.2 billion (including $1.2 billion in interest) of his $15 billion to the securities company directly, and then count the $30 billion pledged, and the accounts of the securities company can be balanced.

But this time, Soros took out a total of $30 billion, but he would lose 26.8 billion, leaving only 3.2 billion in the end. It can be said that the whole person was stupid.

What is more tragic is the international hot money. Their entry time is later than Soros, and their exit time is later than Soros, that is to say, their cost is much higher than Soros.

This has led to the vast majority of international hot money. Even if it is not enough to compensate all the costs invested, they have to sell more of their assets to pay off their debts. It is said that many heads of international hot money jumped directly.

If you die, it's over.

But Soros has died once. It's meaningless to die again. He can only do everything he can to reduce his losses.

It is said that on the evening of the 27th, Soros was in the hospital bed all day. As a result, the next day, Soros miraculously disappeared in the ward. No one knows where the big man went.

Only the front desk lady of Fusang Daqian knew that at about 9 a.m., when the whole company just started to work, an old man wearing a thick windbreaker and sunglasses, but with white hair, appeared at the front desk of the company.

"Hello, old gentleman, how can I help you!" asked the front desk curiously.

This is the first time the receptionist has seen such an old man in the company, because Fusang Daqian's business generally does not involve the elderly.

"I want to see your Chairman Jia Yapeng!" the old man said crisp.

"Hello, Mr. Jia is the chairman of our Daqian group, but..."

"I know he's not here. He's in XG now, but I've bought a plane ticket in an hour, and I'll arrive in XG in four hours. I hope you tell him that I'll invite him to tea at XXX Longhua Road, Repulse Bay, XG, and ask him to come!" the old man said simply and neatly.

"Old Sir, you may not understand, I can't..." the front desk is a little silly. She has worked at the front desk for so long and likes to arrange people for others, but she has never seen it!

"You tell him that it was Soros, his defeated general, who invited him to dinner!" the old man sighed, then took off his sunglasses and showed his face, showing his haggard and pale face.

"Who is Soros?" as a result, the receptionist asked foolishly and almost killed Soros who was already very empty.

——————————

"Why did this old man come to us? He wanted to retaliate directly by force!" Zhu Qiushui, who received the news, was startled, and then said to Jia Yapeng, "husband, you'd better not go, or let someone else go for you!"

"It's impossible. People in our position won't use this means, otherwise there will be endless trouble!" boss Jia smiled. "Besides, Repulse Bay is my territory. The villa he said is actually next door to us. I'll let people go first and control the whole villa!"

"Don't you break into folk houses?" Zhu Qiushui was stunned.

"Yes, so the guy who broke in will pay the bail honestly. It's not expensive, just more than 100000 Hong Kong dollars!" boss Jia said with a smile.

"OK..." Zhu Qiushui could only reluctantly shake her head when she heard that boss Jia was obviously breaking the law, but the problem of safety should not be neglected. For safety, it's worth doing anything too much.

"Do you know why Soros came to us?" Zhu Qiushui asked curiously.

"I guess a little!" boss Jia counseled his shoulder and said, "don't worry, it's a good thing this time. I'd like him to come!"