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

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

This is undoubtedly a huge ending for all short sellers. Their stocks have long been thrown out as shells that suppress the stock market. Now they have to pay back the bills, so they can only buy them again from the stock market, but the price is about 100% higher than the price of their stocks at the time.

And you may not be able to buy money. After all, when the entire stock market is bullish, many investors will just hold on to the stocks, hoping to grow back. It is very difficult for you to expect them to sell stocks.

Although these short sellers, including Soros, have been crazily acquiring stocks these days, they have gained little. In the end, they only got about 30% of the stocks back, and there is still a 70% gap that has not been settled.

In other words, they have no stocks to return to various securities companies at all.

Then, according to the regulations of securities companies, the irreparable portions will be used by securities companies to mortgage their assets with each short position and settle the bill according to the stock price on the day of settlement.

For example, Soros borrowed 100 million shares of stocks for $10 billion, and the price per share was $100.

But now the stock has risen to $200 per share, so Soros cannot return 100 million shares of stock. Then each securities company will convert all the $10 billion that Soros has mortgaged there into 50 million shares of stocks to pay off debts at the price of $200 per share.

But this is not the end. Soros will still owe securities companies $10 billion in debt. If the interest rate of borrowing stocks before is added, it will be $10.5 billion.

Every time Soros delays repaying the debt for one day, he has to calculate the penalty for one day. This penalty is calculated upwards with a sharp increase, and every day is an astonishing interest of tens of millions of dollars.

If Soros still does not repay it within a certain period of time, then the securities company has the right to apply for liquidation of all the assets of Soros' quantum fund and make up for their losses.

This means that if Soros doesn't pay the account, the entire quantum fund will be over. So no matter what, even if Soros is selling his money, he will have to settle the account clearly before the final settlement period on February 28.

Of course, it is impossible to clear the quantum fund.

Soros borrowed a total of US$30 billion in stocks. He has been desperately acquiring these days and has regained about US$10 billion in stocks. All of these stocks can be returned to securities companies, so there are still about US$20 billion in stocks that cannot be returned. The current price of these stocks has risen to nearly US$40 billion. In other words, in addition to paying off the stocks, Soros has to pay back another US$40 billion to securities companies.

However, Soros also had about $15 billion in cash in his hand, and the cash he mortgaged in the securities company was $30 billion, so Soros only needed to hand over the 11.2 billion of the $15 billion in his hand (including $1.2 billion in interest) directly to the securities company. Then, including the $30 billion in the mortgage, the securities company's accounts can settle the accounts.

But this time, Soros' total $30 billion in funds will lose 26.8 billion, and in the end there will be only 3.2 billion. It can be said that he is so stupid that he loses.

What's even more tragic is the international hot money. They entered the market later than Soros and withdrew later than Soros, which means that the cost they were much higher than Soros.

This leads to the vast majority of international hot money, even if it is not enough to lose all the costs invested, they have to sell more of their assets to repay their debts. Many people in charge of international hot money are said to have jumped off the building directly.

Just die, just end it all.

But Soros has died once, and it is meaningless to die again. He can only try his best to reduce his losses.

It is said that on the night of the 27th, Soros had no one in the hospital bed for a day. As a result, the next day, Soros magically disappeared into the ward, and no one knew where the boss had gone.

Only the front desk lady in Fusang Daqian knew that at about 9 a.m., when the entire company had just started working, an old man wearing a thick windbreaker and sunglasses but with white hair but particularly conspicuous appearance appeared at the front desk of the company.

"Hello, old man, I can help you with anything!" the front desk asked curiously.

This is the first time this front desk 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 frankly.

"Hello, although Mr. Jia is the chairman of our Daqian Group, he or she..."

"I know he is not here. He is in XG now, but I have bought a plane ticket in one hour and will arrive at XG in four hours. I hope you can tell him that I will invite him for tea at No. xxx Longhua Road, Repulse Bay in XG, and be sure to come over!" The old man said frankly.

"Old sir, you may not understand, it's impossible for me..." The front desk was a little stupid. She had been working for so long and loved to arrange for others so much, but she had never seen anyone she had ever seen!

"Tell him that the one who invited him to dinner was his defeated general Soros!" The old man sighed, then took off his sunglasses, revealed his appearance, and his somewhat haggard and pale face.

"Who is Soros?" As a result, the front desk asked silly, almost annoying Soros, who was already very weak.

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"What's this old guy coming to us for? I want to take revenge directly by force!" Zhu Qiushui was startled when he received the news, and then said to Jia Yapeng, "Husband, you'd better not go, or let someone else take you a trip!"

"Impossible, people in our location will not use this method, otherwise there will be endless troubles!" Boss Jia smiled and said, "Besides, Repulse Bay is my territory. The villa he mentioned is actually next door to us. I will let someone go in first and control the entire villa!"

"Aren't you forcibly breaking into a house?" Zhu Qiushui was stunned for a moment.

"Yes, so that guy who forced himself into will pay the bail honestly. It's not expensive, it's just more than 100,000 Hong Kong dollars!" Boss Jia said with a smile.

"Okay..." Hearing that Boss Jia was obviously illegal, Zhu Qiushui could only shake his head helplessly, but the issue of safety cannot be neglected. For safety, it is worth doing too much.

"Then do you know why Soros is looking for us?" Zhu Qiushui asked curiously again.
Chapter completed!