Soon the Dow Jones Index rushed to 9012 and stopped, and finally the Dow Jones Index closed at 9000.

The No. 1 Fund had a floating profit of 1,100 points on its books, with a floating profit of 5.5 billion US dollars, and its net account value reached 11.3 billion US dollars.

Wang Guanxi couldn't help but say: "The Dow Jones Index rose so hard today!"

Wu Zhanhai said excitedly: "Boss, it must be caused by Soros and others retreating, and the large-scale short orders were closed."

Wu Hongsheng also echoed: "This time, Soros and others finally forced to close the position."

Li Guangyu smiled: "They closed at least 400,000 short orders, so the Dow Jones Index reached the 9,000 position."

Wang Guanxi smiled faintly: "Although Soros, Feld, and Milus Messi retreated, they still made profits and left the game."

Lu Jianyan said: "Soros and the others left the field with profit, and Wells is in great trouble, he is about to be finished."

Guan Zhenyi: "Willes should be trading off the position soon, and we will close the position at that time."

Lin Jiyang also echoed: "Yes, I'll wait for Wells to break down the position now."

Wang Guanxi nodded: "I hope the Dow Jones Index will continue to soar. It will be great if you can make $6 billion this time."

Currently, Wang Guanxi's No. 1 Fund has a debt of US$5.5 billion and No. 2 Fund has a debt of US$1.2 billion, with a total debt of US$6.7 billion. After making money this time, he plans to pay it off directly.

Stephen Steno asked: "Boss, Wells must be short of money now. Are we going to contact Wells now and discuss the acquisition of American merchant banks?"

Alan Fishman also said: "Willes is probably about to lose his position, and he is also in a hurry to sell the shares of American Merchant Banks."

Wang Guanxi thought for a while and said, "Call Wells immediately and said, we plan to acquire the equity of the American Merchants Bank in his hands."

"Yes, boss" So Alan Fishman contacted a president of the American Merchant Bank, and then contacted Wells.

However, Wells politely refused.

"Boss, Wells said he does not intend to sell shares in American Merchant Bank for the time being."

Wang Guanxi shook her head: "Forget it, when we go to acquire other banks in New York, we may not have to buy American-made banks."

"Wait for Wells to lose his position!"

“Yes, boss”

At this moment, American Merchant Bank and Wells were also in deep confusion.

Previously, Alan Fishman, the chairman of Wusan Bank, called him and said he wanted to acquire the American Merchants Bank. He wanted to sell it, but he was reluctant to let it go.

But now it needs money.

His account is about to be liquidated.

But he still has hope, although it is a lucky hope.

Because the 9000 position is a huge resistance area, let’s talk about it when the Dow Jones Index breaks through this position.

"well!"

"This time it's over!"

His head was heavy and his back was sweating profusely.

After thinking about it, he borrowed hundreds of millions of dollars to replenish the available funds in his account.

After the weekend, the financial market opened on July 20th.

Dow Jones still rose.

However, it only rose by 50 points that day and rushed to the 9050 position.

He holds 600,000 long orders in his account, and the position is 8250, with a floating loss of 800 points, totaling US$4.8 billion.

On July 21, the Dow Jones Index broke through the 9100 position and rushed to the 9150 position before closing.

The floating loss was 900 points on the books, with a total floating loss of US$5.4 billion

Wells is about to lose his position.

"It's over!"

"I'm really finished"

"Oh, I'd better start closing my position and slowly close all short orders!"

At this time, the phone rang, and it was called by Alan Fishman, chairman of Wusan Bank, saying that it was acquiring the American Merchants Bank.

Wells also knew that Alan Fishman's boss was longing the Dow Jones Index and held a large number of long orders in the Dow Jones Index, so he proposed to acquire American Merchants Bank, that is, when he tied the Dow Jones Index short orders, Wang Guanxi also tied the long orders in the Dow Jones Index.

And Wang Guanxi started negotiations with Wells.

"Mr. Wells, I promise you the conditions. The price we acquire the American Merchant Bank is only based on today's closing price!"

Wells also agreed and said, "Mr. Wang, there is no problem with the acquisition of the market price!"

So everyone drafted an equity agreement and signed it, and paid the funds after the Dow Jones Index was closed.

Then on July 22, Wells began to close short orders in the Dow Jones Index, and Wang Guanxi also tied long orders in the Dow Jones Index.

The two sides closed their positions for two days, and during this period, many short sellers entered the market to short sell, or short-term longs closed their positions. The Dow Jones Index is relatively weak

In the end, Wells closed his position at 9150, losing $5.4 billion.

Wang Guanxi's No. 1 fund closed an average position at 9145, earning 1245 points and earning US$6.225 billion.

Wang Guanxi immediately took out $25 million as the bonus for the horsemen.

This time, the net profit was US$6.2 billion, and the net value of the No. 1 fund account was as high as US$12 billion.

The agreed acquisition price of US Merchant Bank is US$55 per share, while the total share capital of US Merchant Bank is 130 million shares and a market value of US$7.15 billion.

Wells holds a 40% stake in American Merchant Bank, worth $2.86 billion.

So Wang Guanxi paid $2.86 billion to Wells and obtained 40% of the equity of the American Merchant Bank.

Then he spent another $840 million to acquire 10% of the equity of the American Merchant Bank in the market, spending a total of $2.7 billion, controlling 50% of the equity of the American Merchant Bank.

Founded in 1856, the American Merchant Bank is headquartered in Buffalo, New York, and is responsible for providing commercial and retail banking services to individuals, businesses, other businesses and institutions.

It operates about 700 branches and 2,000 ATMs.

These branches are located in New York, Maryland, Pennsylvania, Washington, DC, Virginia, West Virginia and Delaware.

Currently, the total assets of American commercial banks are US$65.816 billion, total liabilities are US$59.031 billion, and net assets are US$6.885 billion.

The acquisition of American Merchant Bank made Wang Guanxi very satisfied because it made up for Wang Guanxi's weak banking system in the eastern U.S. states.

Ryan John, CEO of American Merchant Bank, also came to Glens, Ohio in person.

Ryan John has served as Chief Financial Officer since 2005.

In 2006, he served as executive vice president of American Merchant Bank.

Since 2007, he has served as director and in 2009, he has served as CEO.

His performance was outstanding, and Wang Guanxi directly asked him to serve as chairman and serve as CEO.

Ryan John asked: "Boss, I plan to buy a small bank"

Wang Guanxi nodded: "Go and acquire it. In the future, Huntington Bank, Wusan Bank, Silicon Valley Bank, Huamei Bank, Hawaii Bank, and American merchant banks will cooperate with each other and compete with each other, and will not merge for the time being."
Chapter completed!