Chapter 201: Liquidation (Too Cold, 6000 Words per Update Today)

204. Liquidation

With the inflow of 7 million yuan of funds from Xu Heng, his gold futures account can hold out for a while.

"Flop, hold on, keep rising for me." Xu Heng looked at the numbers on the screen, his eyes red and he kept muttering.

Like him, the people around him who were long on gold were also muttering at this moment, and many people even knelt down with their hands clasped together and began to pray to God for a big rise in gold.

The reason why Xu Heng became so miserable today is actually due to himself. When Xu Heng's father, Xu, died, he left behind a legacy of 42 billion Hong Kong dollars.

In order to prevent the Xu family from falling into poverty, Xu handed over all his property to the foundation to manage, and the 15 family members of the Xu family can receive 2 million Hong Kong dollars in living expenses every month.

Unfortunately, the weather was not good. The last Hong Kong stock market crash caused all foundations to suffer heavy losses, including the Xu family's foundation. The balance in it suddenly dropped from 42 billion to less than 100.

The Xu family had already had issues with the foundation. After such heavy losses, everyone asked the foundation to re-elect the chairman of the foundation.

The new chairman is Xu Jin, the vice president of the Jockey Club, who is also Xu's nephew. Under his leadership, the foundation suffered even more losses.

The stock market crash in Hong Kong was so bad that even the four largest financial groups in Hong Kong were not spared, let alone a small Xu family. Seeing that the foundation could not get any benefits, Xu Jin ran away.

Leaving behind a mess.

After all this trouble, the foundation, which was originally worth 42 billion, is now worth only more than 5 billion. More than 80% of it is real estate, and it is impossible to cash it out in Hong Kong today.

A big tree has dead branches, and the Xu family is just like this now. Xu Heng hated his cousin Xu Jin. If he hadn't been blindly directing, the Xu family wouldn't have been so miserable.

The original Xu family only lost a small part of the money from real estate in the stock market crash, but after Xu Jin came to power, he strongly advocated to follow the example of the Li family, buying properties and waiting for rent.

Among the older generation of Hong Kong people, this method is also the safest. The Li family also relied on the many properties in their hands to collect rent and escaped many stock market crashes.

But no one expected that this stock market crash would also affect real estate. After the bankruptcy of the four major financial groups in Hong Kong, the housing prices in Hong Kong were like a dive.

Xu Jin was also dumbfounded. He had just taken over a lot of properties at a high price, and now it seemed that he was going to lose a lot of money. Fortunately, his identity as a Jockey Club allowed everyone to give him another chance.

What a pity, Xu Jin had to learn something else, but he had to learn from others to speculate in materials in South Korea. Realizing that South Korea was in a period of tight prices, Xu Jin took a property loan of 1 billion US dollars and rushed to South Korea with great enthusiasm.

The result is conceivable. Xu Jin, who had just arrived in South Korea to complete a large transaction, did not wait for him to be proud for a few days. He was dumbfounded by the series of blows from the Korean country.

First, the Korean country banned the exchange of Korean dollars for US dollars, and also used Korean dollars to settle materials. Xu Jin, who wanted to leave, found that his goods were actually detained by the Korean customs.

You know, the Korean country is notoriously "black". So Xu Jin fled back to Hong Kong with a bunch of "waste paper" Korean dollars in disgrace. The Xu family, which suffered such a blow, was completely half dead.

Xu Jin knew that something was wrong, so he took the initiative to resign from the position of chairman of the foundation before returning to Hong Kong. Finding a scapegoat to take the stage, this can be regarded as an explanation to everyone.

However, he kept silent about the loss of 1 billion US dollars. What a joke, 1 billion US dollars is already equivalent to half of the property of the Xu family foundation.

Xu Heng, who was ashamed to see people, returned directly to the Jockey Club. Relying on the title of vice president of the Jockey Club, the people of the Xu family did not dare to do anything to him.

After Xu Jin's toss, the Xu family's assets immediately fell below the market value of 10 billion. Now the Xu family is worth only about 8 billion Hong Kong dollars at most.

Because of this, Xu Heng was so embarrassed that he had to mortgage his house for a mere 7 million Hong Kong dollars. You can imagine how miserable the Xu family is now.

"Hold on." Xu Heng shouted wildly in his heart as he looked at the market.

Some people around him were crazy, some were giggling, and some walked towards the door silently. The gamblers' various lives were fully revealed at this moment.

The time when Xu Heng was speculating in gold futures was exactly the time when America and Jack were raising shipments, and their end was imaginable.

Suddenly, gold futures rose slightly, from 2,100 US dollars to 2,150 US dollars. Before Xu Heng had time to be happy, a large short order suddenly fell.

"2150, 2140, 2130, 2100, 2090, 2050, 2040, 2010, 1980 US dollars." A huge short order directly dropped the price of gold from 2150 US dollars to 1980 US dollars.

There is no doubt that Xu Heng's position was liquidated.

Looking at the gold futures price that was still falling in front of him, Xu Heng looked ashen and kept muttering to himself: "It's over, it's over, the position has been liquidated."

Not only that, because the position was liquidated too quickly, Xu Heng now owed more than 6 million Hong Kong dollars to the financial institutions. Many people in the hall began to cry and howl.

It is well known that Hong Kong people love to trade stocks. From 88 years old to 18 years old, almost all Hong Kong people have had the experience of trading stocks. Several stock market crashes in history did not make Hong Kong people wake up.

On the contrary, they are somewhat addicted to this kind of gambling game of money. Even if they know that they are the leeks of the big consortium, they will move forward without hesitation.

The leeks can never be cut completely, and there will be another crop next year. This is what the leeks in Hong Kong are talking about. In the past, Hong Kong people were cut by the four major consortiums in their lives, and by financial institutions in the stock market.

Hong Kong people are very persistent on the road of being cut.

Xu Heng, who came back to his senses, suddenly broke out in a cold sweat. He just mortgaged his house for 7 million. Now his position has been liquidated, and he still owes the trading center more than 6 million. This is a bit troublesome.

"What's wrong, Mr. Xu? Did you forget something?" Just when Xu Heng was about to sneak away, Da Fei's subordinate Fatty stopped him.

Xu Heng said awkwardly: "I, I just need to go to the toilet because I have to pee."

Fat Dog said with a fake smile: "Oh, so, you guys should follow Master Xu. There are so many people here, so Master Xu might get lost in a while."

"I know, boss."

Xu Heng looked at the two muscular men in front of him with an extremely ugly face. Now it was impossible to sneak away. Now Xu Heng could only delay it for one day at a time.

"Fat Dog, what a coincidence." A man in a suit appeared and completely shattered Xu Heng's hope.

When Fat Dog saw the person coming, he immediately stepped forward and handed over a cigarette, saying, "Isn't this Manager Zhang? How come you are free today? You are not working in the office?"

The man smiled and said, "I have something to do. Hey, Mr. Xu? It's best if you are here. Your account just got liquidated. You still owe our trading center 6.3 million in handling fees. When do you think it is convenient to settle it?"

Xu Heng said with a grim face, "Manager Zhang, I know. Give me a few days."

The man in a suit nodded and said, "Okay, Mr. Xu, I will give you a week to operate it. I hope you can keep your integrity by then, otherwise it will be difficult for everyone to do things."

"Thank you, Manager Zhang." Xu Heng finally breathed a sigh of relief.

The man in a suit turned to Fat Dog and said, "Okay, I'm done with my work. You guys chat."

"Manager Zhang, take care." Fat Dog said with a smile. The reason why he was so flattering to the man in a suit was that the current number gangs all took the "formal" way of releasing numbers.

Eating under someone's nose, you have to greet him with a smile. Besides, Fei Gou is Da Fei's longest-serving younger brother. If he hadn't known how to behave, Da Fei wouldn't have given him such a "lucrative" opportunity to manage.

"Mr. Xu, it looks like you have a lot of debts." Fei Gou laughed after Manager Zhang left.

Xu Heng blushed and said, "It's just over 10 million. I still have so many sports cars and two yachts. That's enough to pay off the debt."

"Well, Mr. Xu, you misunderstood. I mean the same as Manager Zhang. Don't worry. I'll apply for a few more days for you." Seeing this, Fei Gou quickly changed his tone and smiled.

Rich kids like Xu Heng, although they owe tens of millions of debts, they can still pay it off by selling some "big toys" with determination. Fei Gou can't be too firm.

"No need. I'll pay you back with interest in 3 days." Xu Heng said disdainfully.

Fatty laughed and said, "How can I feel so embarrassed? The third and fourth brothers won't let me go."

After leaving the trading hall, Xu Heng sighed and said, "It's really a case of a tiger being bullied by a dog when it's in a low position. It looks like I have to sell my car and yacht to pay off my debts first."

Xu Heng currently owns three cars, a Maybach S, a Mercedes-Benz S600, and a Ferrari, and a yacht worth 20 million.

As for the mansion? Forget it. Apart from his father Xu's mansion worth 500 million, he really has nothing to show for himself.

The duplex he lives in with his wife now is his own property. Although Xu Heng is a prodigal son, it is impossible for him to sell his ancestral home.

Not to mention that the top villas in Hong Kong are now very cheap. The villas that used to cost hundreds of millions are now only worth tens of millions. A large number of wealthy people have gone to the mainland for mansions.

The luxury houses in Hong Kong are really a bit devalued now. Even the Deepwater 1, which was once worth more than 100 million Hong Kong dollars, is now listed at more than 100 million Hong Kong dollars, and no one is interested in it.

Recently, the He family is also making a fuss about splitting up. The former luxury house in Hong Kong worth more than 100 million Hong Kong dollars has also been put up for sale. As for the former luxury house of the Li family, it has long been auctioned by the bank.

Unfortunately, it was once unsold. The experience of the Li family made everyone think that the feng shui of that piece of land was not good. In Hong Kong, which is a very superstitious place, the rich will not buy a house with bad feng shui no matter how cheap it is.

Of course, as for the poor who don’t care about feng shui? They can’t afford the luxury house at all. So no one was interested in the ancestral house of the Li family.

At this time, Xu Heng looked tangled and walked towards the pawnshop with the car and yacht information. There was no way. In order to pay off his debts, he could only choose to sell his yacht and sports car at this time.

"Mr. Xu, how can I help you?" In the agency, a younger brother saw Xu Heng and hurriedly came up to him.

Xu Heng sighed and took out the car's driving license and the yacht's license plate and said, "Jimmy, I'm a bit short of cash recently, so please help me deal with these cars and yachts as soon as possible."

"Okay, Mr. Xu, please wait a moment while I find an appraiser."

After a while, under the leadership of Jimmy, an appraiser made an assessment of the things Xu Heng wanted to pawn.

"Mr. Xu, the share price of this Maybach S is 4 million Hong Kong dollars, the Ferrari 430 is 800,000 Hong Kong dollars, and the Ferrari 458 is valued at 3 million Hong Kong dollars. The yacht is valued at 13 million."

The appraiser took a calculator and started to calculate.

"The total is 20.8 million Hong Kong dollars, what do you think?"

"Okay, transfer the money." Xu Heng's heart was bleeding at this moment. He spent almost 20 million Hong Kong dollars before closing the yacht, not to mention other things.

"Okay, Mr. Xu, if you want to redeem it here, you only need to pay 100,000 Hong Kong dollars in interest within 30 days." Jimmy sent Xu Heng to the door and said.

"Well, I know." Xu Heng replied expressionlessly. At this time, he just wanted to leave quickly. Otherwise, he really wanted to kill himself with a piece of tofu.

"Shovel, I'm really unwilling." Xu Heng cursed inwardly after paying back the money.

When he got home, the room was empty. Li Jiaxin was still performing outside, and his son went to school. Xu Heng was absent-minded and watched the "experts" on TV praising gold.

His restless heart could no longer be restrained.

"Failure, fight." After watching TV for a while, Xu Heng returned to the room and took out the property certificate to prepare for a big move, and this time he took the property certificate of his ancestral home.

"How much can the villa No. 3 in Deep Water be mortgaged now?" Back at the pawnshop, Xu Heng called Jimmy and threw the property certificate directly in front of him.

"Please wait for a moment, Mr. Xu." Jimmy saw that the "big business" was coming and hurried to call the boss.

After a while, a middle-aged man came to Xu Heng under the leadership of Jimmy. If Tang Wen was still here, he would find that this guy was actually the "pimp" Da Fei before.

At this time, Da Fei was already the most profitable person in the Number Gang, not only had several number-lending companies. He himself also transformed into the owner of the largest pawnshop in Hong Kong.

Da Fei smiled and said, "Mr. Xu is so bold. I'll do this deal. 200 million Hong Kong dollars and 1 million Hong Kong dollars in interest for 30 days."

"Okay." Xu Heng's mind was completely on the stock market at the moment, so he didn't care about so much.

Da Fei said readily, "Jimmy, take Mr. Xu to get the money."

After Xu Heng got 200 million Hong Kong dollars, he immediately returned to the trading center. During this period, Li Jiaxin called him several times, but he didn't want to answer. Now he was thinking about making money.

"Manager Zhang, open a new account for me. This time, I will use 5 times leverage for 200 million Hong Kong dollars." Xu Heng learned his lesson this time and used the safer 5 times leverage, so that the risk could be controlled a little more.

Manager Zhang said with a smile on his face, "Okay, Mr. Xu, wait in the VIP room and I will arrange it for you right away."

In this way, Xu Heng came to the VIP room and started to operate his account worth 1 billion Hong Kong dollars.

"1950 USD for a bowl of s, eat it all."

Xu Heng controlled the 100 million USD account and began to buy goods crazily at around 1950 USD.

"1950 USD for 10,000 lots."

"1951 USD for 20,000 lots"

"1952 USD for 10,000 lots for sale"

"1952 USD for 50,000 lots for sale"

"1954 USD for sale 30,000 lots for sale"

As Xu Heng continued to buy and sell, the 100 million USD account continued to rise. By the time the gold futures closed, he had already made a floating profit of 20 million USD.

"Beautiful, this wave of market finally came." Xu Heng was in a good mood. An afternoon of operation not only made him earn back all the losses he had lost before, but also made a small profit.

Xu Heng, who had made a small fortune, planned to celebrate at a nightclub today.

"Open 10 sets of Shenlong." When Xu Heng came to the nightclub he often visited, he ordered 10 bottles of Shenlong sets worth 800,000 Hong Kong dollars in one breath. The generous hand made many gold-worshiping girls in the nightclub flock to him.

"This is life." Xu Heng hugged two girls with heavy makeup and smiled happily.

The next morning, Xu Heng climbed up from the two girls. After leaving tens of thousands of Hong Kong dollars, Xu Heng went to the bathroom to take a shower, and then planned to continue to make a fortune in the gold futures market.

Like all "gamblers", Xu Heng arrived at the trading center half an hour before the market opened. But now he has his own exclusive VIP trading room.

"A cup of coffee." Xu Heng smiled at the slightly attractive staff.

The female staff smiled charmingly, gave him a seductive look and said in a greasy voice: "Okay, Mr. Xu, please wait."

Xu Heng was very satisfied with the deliberate flattery of the female staff. So far, he seemed to have returned to his previous "rich second generation" life.

In fact, before coming to Hong Kong, Xu Heng was not considered a "rich second generation". People from the four major families called him a "pseudo-rich second generation". Because he did not have any shares in his name, the general top consortiums did not look down on him at all.

In terms of seniority, the Xu family is more famous than the previous four major consortiums in Hong Kong. The grandfather of the Xu family could be called the shipping king together with the Bao family, the first consortium in Hong Kong at that time.

Unfortunately, by the time of his father Xu's generation, with the rise of the new four major consortiums in Hong Kong, the Xu family had already fallen out of the threshold of the top wealthy families.

The top ten consortiums in Hong Kong used to be headed by the Bao family, followed by the Zheng family, and then the Li family. However, with the rise of the Li family, the Guo family and the Li family filled the position, leaving less room for the Xu family.

The founder of the Xu family once relied on transportation to conquer the world. In the Xu generation, he could not compete with the Bao family, the shipping king. So he had to change his career.

The Xu family first opened a department store, but lost money. Later, after seeing the Li family buy units and collect rent to make a fortune, the Xu family followed the Li family's footsteps and began to slowly get involved in real estate.

However, at that time, most of the land in Hong Kong had been taken by the four major financial groups, and the Xu family could only pick up some bargains on the periphery.

With the collapse of the Hong Kong property market in the 1990s, the Xu family hurriedly sold off a lot of properties. But the Li family took the opportunity to acquire a lot, and the result was that the Li family rose, and the Xu family completely fell out of the top wealthy family.

In fact, it is not unfair for the Hong Kong financial group to end up like this. You should know that among the ten financial groups in Hong Kong, except for the Bao family, which is dedicated to transportation, the others all started with real estate.

The most hateful thing is that this group of people made money, but they are not satisfied and try every means to come up with some new tricks to cheat money. In fact, this group of financial groups is the mastermind behind the decline of Hong Kong.

Take the Li family for example, a real estate developer is engaged in high-tech docks? Isn't this letting an old cat sleep on salted fish? So the fate of this group of people is what they deserve.

So Xu Heng was very proud of being called a playboy before. Because at that time, he could still compete with the children of the four major financial groups.

But as the assets of the Xu family shrank, Xu Heng's confidence gradually became insufficient. Originally, Xu Shi found the eldest daughter of the He family for Xu Heng in order to consolidate his power for his son.

Unexpectedly, Xu Heng, a playboy, was not willing to do so, so after the two got married, Xu Heng still played by himself. In the end, the eldest daughter of the He family couldn't stand him hooking up with others outside and divorced him.

After the divorce, Xu Heng was quickly promoted by Li Jiaxin, although she was ashamed of Li Jiaxin's methods. What else could Xu Shi do at this point? In addition, Li Jiaxin later gave Xu Heng a son, and he, as a father-in-law, had nothing to say.

It was thought that Xu Heng would be more sincere after having a son, but Xu Shi still underestimated Xu Heng's playfulness. After marriage, Xu Heng still looked like a little prince in a nightclub.

The angry Xu family directly set up a foundation, which was also a helpless move to prevent Xu Heng from squandering all the family property. Unfortunately, what Xu family didn't know was that Xu Heng had already mortgaged his ancestral home.

The scene changed, and Xu Heng took the coffee from the female employee and scratched her palm with a sly smile. When he stretched out his hand, there was a note.

"Hush" Xu Heng blew a breath with a sly smile, waiting for today's opening.

The time came to 9:30 when the gold futures market officially opened.

"Rush to 2000 points today." Xu Heng said confidently. In the past few days, he seemed to have "knew everything" about the futures market and even had the idea that he was a "genius".

"Hey, the opening price is 1980 US dollars, not bad, it's a good sign." After a while, the computer showed today's opening price, and Xu Heng nodded with satisfaction. He made more than 1 million US dollars with this opening.

Looking at the 130 million US dollars left in the account, Xu Heng waited without moving. Soon the price of gold became 1970.23 US dollars.

Xu Heng, who felt that the market was coming, directly took 30 million US dollars from his operating account. The price of gold went to 1970.56 US dollars.

"Not bad, not bad. According to this trend, it will not be a problem to go up 2000 points today." Xu Heng looked at the computer with a smile, and he had already begun to imagine where to go today.

An hour later, all the 130 million US dollars in Xu Heng's account had been used to buy gold, and the price was around 1970.50 US dollars.

It was almost noon, and Xu Heng went out for lunch with great confidence. In the trading hall downstairs, many stockholders held a lunch box worth 20 Hong Kong dollars in one hand, but their eyes never left the market in front of them.

"Haha, a group of people who dream of getting rich." Xu Heng laughed, then got on his Ferrari and drove towards the Xinji Hotel.

"As usual, let's have a bowl of shark fin to rinse our mouths." After arriving at his "special seat", Xu Heng was in a very good mood.

Suddenly, a piece of news on TV made him feel like he was on the edge of an ice cave.

"Gold prices have plummeted, and the Federal Reserve is selling gold in large quantities." Xu Heng, who found something was wrong, quickly opened his trading account with his mobile phone, and it was already a green negative number.

"Floating loss of 2 million, the amount is US dollars. The current gold price: 1903 US dollars per bowl."

"It's over." Xu Heng's mind was full of this thought.