The Wealth Empire Crossing the Hong Kong

Chapter 205
In the conference room of the Administrative Department, most of the bigwigs present looked unhappy. Today, the market value of their listed companies fell by as little as 5%, and as many as more than 10%.

Banks are selling, institutions are selling, and stockholders are also selling, and the market value of individual listed companies has even been cut in half.

Many bigwigs who are aware of the situation feel that they have suffered an unwarranted disaster. This is obviously a fight between the Xinjian Consortium and the United Consortium, which has affected their property.

Don't look at them all being billionaires with assets of hundreds of millions and billions, but that is wealth on paper, and many people can't even get [-] million in cash.

Especially those companies with relatively high mortgage loans, the stock market plunge has hit them very hard, and they may even become insolvent.

The bank suffered a run on, forcing these banks to sell the shares of listed companies they held in their hands, which caused a sharp drop in the stock market, which led to a sharp drop in the market value of listed companies, and led to a great discount in the value of the mortgaged shares in the bank. Without making up the difference, The bank's bad debt rate has risen, thus forming an endless loop.

At the meeting, Kesos said: "I believe everyone is aware of the reason for the sharp drop in the stock market today, and the stability of the stock market is good for everyone present.

I hope that everyone can buy shares in their own companies, convey confidence to the market, and let Xiangjiang shareholders and investment institutions continue to trust your company. "

It's a pity that there are very few voices responding. Most of the bigwigs present don't have much money. If they use it to buy shares, it may affect other layouts.

Companies listed on several major exchanges in Hong Kong cannot repurchase their own company shares. This is why Kesos invited these controlling shareholders to come. He can only hope that these people will increase their holdings in the company's shares in the stock market.

In addition, if there are multiple listed companies, it is more convenient, and they can buy each other's shares to achieve the purpose of protecting the market.

It's just that this aspect is only suitable for large-scale forces. Most of the controlling shareholders currently have only one listed company, and it is difficult to operate in such a model.

As the young leader of Xiangjiang business circle selected by Xiangjiang this year, Li Jianhui was also invited to speak at the meeting.

"The current stock market is indeed somewhat negative, but I am very optimistic about the future prospects. This is just an accidental event. I believe that as long as the financial situation in Hong Kong stabilizes, those who have fallen will definitely rise again.

I am very supportive of Mr. Kesos's opinion on maintaining the stability of the stock market. Tomorrow morning, I personally and Xinjian Investment Company will spend [-] billion Hong Kong dollars to increase the shares of its listed companies.

I also hope that everyone will have the courage to take on their responsibilities, ensure the interests of investors, and safeguard the stock price of their own companies.

......"

Most of the people present were secretly scolding Li Jianhui for being shameless. If it wasn't for the conflict between the Xinjian faction and the United camp this time, how could they have faced such an unfavorable situation.

And Li Jianhui actually spoke righteously at the meeting to protect the interests of Xiangjiang stockholders and investors. They really wanted to use a ruler to measure how thick Li Jianhui's face was, so that they could make such remarks without blushing. .

After Li Jianhui, Niu Bijian, Shi Huaiya, Chartered Ship King, Li Zhaoji and others spoke one after another, saying that tomorrow morning they will contribute capital to increase their shareholding in listed companies.

"The stable income of Xiangjiang Finance and the stock market is conducive to the better development of Xiangjiang. In order to avoid the sudden major financial crisis of individual companies, our government will start to increase the supervision of listed companies tomorrow.

In particular, those companies whose equity pledges account for a large proportion and whose stock prices have fallen sharply will be the targets of our key supervision, and we hope that everyone will cooperate. "

This time, we will not only supervise the banks, but also increase the supervision of listed companies, especially those companies whose quality is not very good, but the proportion of equity pledges is quite high.

The sharp drop in the stock market this time will inevitably cause major problems for some companies with poor performance. In addition, banks are having a hard time, and bankruptcy will be a high probability.

The government doesn't want these controlling shareholders to flee with money and leave them a mess.

Now that this crisis has happened, they also want to clear some unstable companies.

Moreover, Xoss believes that these big forces are fueling the flames inside, so he will not always be a spectator. When the time comes, he will inevitably carry out large-scale mergers and acquisitions.

The business community will gradually form several major industrial clusters such as Xinjian, Lianhe, Huaxin, Xianghua, and Xinya, entering a stable era.

As for the possible future troubles, this is not within the scope of Xoss' consideration at all. As long as Xiangjiang's economy develops rapidly during his tenure, it is enough, and it has nothing to do with him in the future.

Moreover, this is also the current strategic plan formulated by Bryan and even London, which is to accelerate the transformation of several major forces in the direction of the consortium.

And it is only their first step plan at present. Once there is a change in Xiangjiang, they will let go of the Executive Council and even the Legislative Council, and let these forces reach in. Whether it is the entry of core members or spokespersons, they will welcome it. .

At that time, when the policy conflicts with the interests of these forces, Xoss believes that the spokespersons of these forces will definitely safeguard their own interests.

After the meeting, Xos also specially invited Li Jianhui, Niu Bijian, Shi Huaiya, Li Zhaoji, Guo Desheng, Zheng Yutong, Li Chaoren, Lawrence Kadoorie, Kelun Standard Chartered and other listed companies with the highest market value at the helm We went to the small conference room for talks.

I hope that the major groups can issue more favorable announcements in the past two days, and at the same time increase the stock price of their own companies, so as to attract investors to invest their funds in the stock market.

Xiangjiang is so big, if the funds in the hands of these citizens do not flow into the stock market, but flow into other industries, it will inevitably cause prices to skyrocket.

Prices in various industries in Hong Kong have risen quite rapidly in the past two years. If the stock market cannot retain funds, it will be a huge blow to Hong Kong's economy.

Everyone did not refuse Xoss' request. Tomorrow will be a watershed in the stock market. The stock prices of top companies may soar sharply, while those companies with relatively poor performance and lack of reputation may continue to fall.

Xoss did not blindly make demands, but also gave some benefits. The Administrative Department will carry out a new round of infrastructure planning, including transportation, hospitals, schools and other aspects. These projects will consider several parties as appropriate Interests.

At the same time, some industries are further liberalized, such as buses, aviation, film and television media, electricity, and city gas.

Li Jianhui was very happy in his heart, but in contrast, Shi Huaiya, Kadoorie, Standard Chartered and even Li Zhaoji were not very good-looking. They knew very well that the Xinjian Department had long been eyeing these industries. No chance.

Once it is released now, the Xinjian faction will inevitably plunge into it, and their interests will also suffer a lot of losses.

It's a pity that the arm can't twist the thigh. Since Xoss said it in front of so many people today, it means that this is Brian's decision, and it may even be the request of the London government.

(End of this chapter)