The Wealth Empire Crossing the Hong Kong

Chapter 240 The Powerful HSBC

No matter how the outside world gnashes his teeth at him, Li Jianhui has no intention of changing. Facing the interview with reporters, although he did not expressly express his disbelief about real estate in the next few years.

But the meaning in the words made it clear to everyone that this person's attitude towards future housing prices is relatively pessimistic.

No bank strategy adjustment, no support for other industries, these can't hide the fact that we are not optimistic about the development of real estate in the next few years.

When the reporter asked whether the situation in 73 would reappear, Li Jianhui's answer was ambiguous, which aggravated many people's worries.

While being short on real estate, Li Jianhui has increased investment in other industries in Xiangjiang.

On June 6, the Yushi Group headquarters and engine R&D and production base started construction in Tianshui Industrial Park, which also marked that Xiangjiang has its own car brand. Get on a local branded bus.

On the same day, the headquarters of Xiangjiang Gas Company and New Territories Electric Power Company and related supporting facilities also officially started construction in Yuen Long. The total planned investment is 100 billion Hong Kong dollars, of which the power plant plans to invest 70 billion Hong Kong dollars, and the gas company plans to invest [-] billion Hong Kong dollars.

For this plan, the Xinjian Department once again conducted financing, with a financing amount of 400 billion Hong Kong dollars. After financing, the valuation was 51 billion Hong Kong dollars. Li Jianhui's personal shares were also reduced from 38.25% to [-]%.

Thanks to the successive listings of Xinjian Bank, Lane Crawford, Watsons, and Whampoa Shipping, coupled with the rapid development of Xinjian Real Estate, the valuation of Xinjian Group has also increased significantly. After financing half a year ago, the valuation was 220 billion Hong Kong dollars, and this time After financing, the valuation reached 400 billion Hong Kong dollars, an increase of 80 billion Hong Kong dollars in half a year, which is unbelievable to many citizens.

However, it seems normal at the top of Xiangjiang. Thanks to the rapid economic development of Xiangjiang, HSBC Holdings is currently the first listed company in Xiangjiang, with a total market value of more than 650 billion Hong Kong dollars. With nearly [-] billion Hong Kong dollars, Xinjian Group pales in comparison.

Although Standard Chartered is also good, it seems that it is less and less qualified to be on an equal footing with HSBC with a market value of less than [-] billion Hong Kong dollars.

On the contrary, Xinjian Group, based on the current valuation, is enough to rank second after HSBC.

This is also one of the only two companies currently threatening HSBC, the other being Huihong Group.

Regardless of the valuation of Huihong Group, which was only more than [-] billion Hong Kong dollars half a year ago, it was mainly because it was not listed. In terms of profitability, Huihong Group is now no worse than HSBC.

Especially when the entire industrial chain is becoming more and more perfect, Huihong Group's profits have increased significantly.

Li Jianhui sometimes has to admire HSBC. After he won Hutchison Whampoa and Wheelock, and the charter king Wharf also cooperated with Wing Lung Bank, its profits have not been greatly affected, and its market value has also continued to soar.

If Xinjian Group and Huihong Group are not listed, it is estimated that HSBC will be the first company in Xiangjiang to break through the market value of [-] billion.

At present, Wheelock Land, the first listed company under the Xinjian Department, raised HK$30 billion last month, and its market value broke through to more than HK$126 billion at its peak.

However, due to Li Jianhui's own death in the past few days, Heung Kong real estate stocks have collectively plummeted, and Wheelock Land has also been affected by Chiyu. The current market value is more than 114 billion Hong Kong dollars, which is still far away from HSBC.

Even CLP Power, which ranks third among listed companies in Hong Kong, has a market value of more than 240 billion Hong Kong dollars. To become the number one listed company in Hong Kong, these groups still have a long way to go.

There is a big gap in the quality of listed companies in the Xiangjiang stock market. Looking at the top three companies, one is [-] billion, one is [-] billion, one is [-] billion, and the other is [-] billion. The rest are all [-] billion. below grade.

This also led to the extreme instability of the Hang Seng Index, which was seriously affected by leading companies, especially HSBC and Xinjian.

Regardless of the market value of Wheelock Land, which is the strongest in the Xinjian Department, is only HK$114 billion, but it cannot stand up to many listed companies.

Hutchison Real Estate, Whampoa Holdings, Wheelock Holdings, Lane Crawford, Xinjian Bank, Huangpu Shipping, Watsons, Jiayi Group, Taohua Datong, and the total market value of all listed companies controlled by the Xinjian Department add up to nearly [-] billion Hong Kong dollars , enough to affect the trend of Hong Kong stock market.

But it is a bit tragic that even if there are ten Xinjian listed companies, the total market capitalization cannot compare with HSBC.

If Li Jianhui did not conduct large-scale financing, or listed new companies, the total market value on the stock market would still not be comparable to that of HSBC.

Looking at the soaring market value of HSBC, Li Fuzhao is the most unhappy. The total market value of listed companies on the Far East Exchange is currently less than 1200 billion Hong Kong dollars, and HSBC alone exceeds half.

He poured cold water on his desire to surpass the Xiangjiang Exchange. From the current point of view, the two major groups, Huihong and Xinjian, are not listed, and the hope of the Far East Exchange is very slim.

The combined market capitalization of the top three companies on the Xiangjiang Exchange exceeds the total market capitalization of the companies listed on his exchange, and the gap is enough to make him feel quite desperate.

Originally, he also thought that the real estate industry in Xiangjiang would develop rapidly, and the market value of major real estate companies would rise rapidly. Judging from the large number of listed Chinese real estate companies here, the distance between the two sides would gradually be drawn.

As a result, the cold water not only made real estate speculators uncomfortable, but also made Li Fuzhao uncomfortable. The total market value of the Far East Exchange plummeted from more than 1350 billion Hong Kong dollars to more than 1213 billion Hong Kong dollars.

Because of the decline in real estate, it has boosted the rise of other sectors, especially the banking and retail services, and HSBC is the most.

This bank has now become a safe haven for stockholders and investment institutions. As long as there is any trouble, the first thing everyone thinks of is to buy HSBC stocks for refuge.

As a result, in just a few days, HSBC's stock price rose by nearly 20%, soaring from more than 540 billion Hong Kong dollars to more than 650 billion Hong Kong dollars.

Banks such as Xinjian Bank that have tightened their housing loan policies, not only did not rise this time, but fell slightly. The main problem is that shareholders and investment institutions are worried that these banks may have problems with their internal funds, which is why they suddenly tightened mortgage.

As a result, the Far East Exchange suffered heavy losses, while the total market value of the Xiangjiang Exchange not only did not fall, but rose to a certain extent.

It is an exaggeration to say that HSBC has carried the Xiangjiang Exchange by itself, but at present, the total market value of the Xiangjiang Exchange has been able to keep rising amidst this turmoil, and HSBC definitely takes most of the credit.

Unwilling, Li Fuzhao approached Li Jianhui on purpose, hoping that Li Jianhui would list Xinjian Group or Huihong Group and let him compete with HSBC.

The reason is quite just and awe-inspiring. The largest listed company in Xiangjiang cannot be occupied by a company controlled by British capital.

It's a pity that Li Jianhui currently has no plan to package Xinjian Group and Huihong Group for listing.

Even if it is Xinjian Real Estate, he has no plans to go public for the time being. He will not consider going public until the opening of the Dalan Tunnel, the establishment of the Tianshui City Communication University, and the official operation of a number of companies in the Tianshui Industrial Park.

Now he is not short of money, and at the same time, the Tianshuiwei land is undervalued, so he is not in a hurry to go public.

After 1984, when the [-]-hectare limit was released, the valuation of Xinjian Real Estate, which had a large amount of land, would inevitably skyrocket. Only then would it be possible to get the best returns by going public.

As for HSBC, the first market value is the first market value. Li Jianhui, who knows that the other party will rise like a hangover these years, has no idea of ​​​​challenging him in a short time. After all, the market value of this company will exceed trillions in less than [-] years. Hong Kong dollar, even the fast-growing Hutchison Whampoa and Cheung Kong can only be left behind.

Even though he has changed a lot since his arrival, it didn't have a big impact on the development of HSBC. Even if the other party's market value is not worse than that of the previous life, I'm afraid it will not be much inferior.

However, it is impossible for Li Jianhui's listed industries to catch up with the growth rate of HSBC's market value.

Even if the expansion of Wheelock Square is not slow, and Lane Crawford's development is quite rapid, but if the total market value is to break through trillions of Hong Kong dollars, there may not be much hope in a decade or two.

(End of this chapter)