The Wealth Empire Crossing the Hong Kong

Chapter 295 Bloodthirsty Capitalists
Li Jianhui and others are only troubled by the sharp drop in the company's stock price. Hang Lung and Hang Seng not only lost their stock prices, but also suffered a run.

Before eight o'clock in the morning on Friday, long queues had already formed outside the major business outlets of Hang Lung and Hang Seng, and many reporters were conducting on-site interviews.

At 5:[-] in the morning, the three major stock indexes collectively opened lower, and the vast majority of individual stocks opened with a gap. With the release of more investigation information, HSBC was implicated by Hang Seng Bank, and fell by nearly [-]% at the opening.

We must know that even if there was a sharp drop yesterday afternoon, the market value of HSBC was still 712 billion Hong Kong dollars at the close of the market, and it did not fall below the 700 mark.

However, as soon as the market opened today, the total market capitalization decreased by 35.6 billion Hong Kong dollars. I don’t know how many heads of investment institutions and shareholders are cursing in their hearts.

In the past few years, HSBC has been the banner of the Xiangjiang stock market, just like Moutai, a big A-share company in later generations, countless institutions and investors have blind confidence in it.

On the Xiangjiang stock market, there is such a rumor that if you don't know what to buy, then buy HSBC.

In the past few years, HSBC has not disappointed investors. The stock price has hit new highs, and today's increase is close to 70%.

Moreover, HSBC rose step by step, unlike many stocks that rose and fell sharply,

But this time HSBC only opened yesterday afternoon and today, and the stock price fell by nearly 10%. This is something that HSBC has never seen in the past few years. ups and downs.

HSBC is having a hard time, and other listed companies are also having a hard time. Bank stocks have collectively plummeted, and real estate stocks have also suffered heavy losses.

Huihong Group, the largest listed company on the Far East Exchange, also fell 3.4% at the opening. Wharf, the largest listed company on the Kowloon Exchange, also had a difficult time. Affected by the overall situation, it fell by nearly 3% at the opening.

Most individual stocks plummeted throughout the morning. Many leading companies on the Far East Exchange, including Wheelock Land, Whampoa Holdings, Lane Crawford, Bank of East Asia, etc., fell by more than 10%, and Taohua Datong fell by more than 20%.

Not only the Far East Exchange, but also the United Exchange and the Kowloon Exchange also saw many leading companies plummet.

As expected, capital is bloodthirsty. After listening to Pang Yi's report, Li Jianhui knew that he was not the only one who planned to buy bottom at the end of the market.

Although the securities law can restrict registered major shareholders, it cannot restrict securities companies and hot money. So many companies were smashed this morning, obviously not just the credit of retail investors, hot money and securities companies also contributed a lot.

At [-]:[-] in the afternoon, stockholders and some small and medium-sized investment companies were still shrouded in the cloud of the stock market crash, and it was only half an hour before the market closed. Black Friday seemed to be doomed.

In just two days, the three major indexes plummeted by nearly 20%. This is the biggest stock market crisis in Hong Kong since 73.

What makes these investors even more worried is that no company has announced its entry into the market to rescue the market, and the government has not released any good information.

It seems that the two-day plunge is just the beginning, and next week may usher in a more brutal situation.

At this time, the heads of Xinjian Investment Department, East Asia Securities Department, Daoheng Securities Department, Yongan Securities Department, Xinhui Investment Department, Nine Dragons Holdings Investment Department, and Guanghua Investment Department issued orders to the company's personnel.

The company's internal phone calls continued to be made, and the stock market, which had been falling, seemed to be stabilizing.

As soon as some keen managers saw this situation, they knew that there might be a big fund entering the market to back up the market. Those who were about to make a move had no intention of making a move for the time being, and were ready to wait and see the market.

Most stockholders don't know very well that although the stock price has stopped falling, it has not risen. Losing confidence in the current situation of the stock market, they are deeply afraid that the stock market will continue to fall, so they accelerated their selling speed at this time.

Even if some investment managers suggested that these stockholders wait, it still didn't have much effect, and the stockholders were all screaming.

Donghuahui's entry into the market at this time has disrupted the plans of many people, and many of them are preparing to buy a large number of stocks in the last ten minutes and call auction time.

Wait for the market to open on Monday to suppress another wave, then eat in slowly, and wait for the end of Monday to quickly pull up.

As a result, Li Jianhui and others didn't give them that much time at all. It seemed that they were going to absorb a large amount of chips today, and they would pull up a wave.

They can guarantee that there will be a lot of good news from the major companies of the Donghua Club this weekend, and there will be news of funds to rescue the market.

Once they don't change their plan, let alone eat meat, they may not even have a mouthful of soup.

HSBC Securities Department, Standard Chartered Securities Department, Wing Lung Bank Securities Department, Sun Hung Kai Securities, Hong Kong Guangan Bank Securities Department, Far East Bank Securities Department, etc. also chose to sell.

These capitals have been absorbing chips at the bottom for nearly half an hour. Seeing that the stock price is going to rise, a large order immediately suppresses the stock price, or even lowers the stock price.

Looking at the tens of thousands of orders, how can those retail investors hold the stocks in their hands, and they dare not increase their positions.

A big order is under pressure. Under the big order, retail investors and some investment institutions sell as much as they sell, and these securities departments will take as much as they want.

With the arrival of four o'clock and the time for call auctions, the major securities companies issued a super buy order at the last moment, obviously preparing to buy all the seller's stocks.

Other investment department and securities department Li Jianhui didn't know, Xinjian's investment department spent more than half an hour and spent two billion Hong Kong dollars.

As long as the stocks rise next Monday, there is still hope for a profit of [-] million Hong Kong dollars. If the stock prices of these companies can return to the level at the close of trading at noon on Thursday, the profit will be close to [-] million Hong Kong dollars.

The operation of the securities department went smoothly, and Li Jianhui also went to meeting room 201 with peace of mind to make arrangements for the issue of Xinjian's listed companies.

After the market closed, those experienced retail investors also saw the problem. It’s nothing to do with a company’s closing price rising. If dozens of leading companies call auctions to increase their stock prices, there is a big problem.

It is obvious that there are big funds buying bottoms, and it is likely to be those big conglomerates, those stock investors who took over the high positions and were washed out today are full of annoyance, complaints, grief, etc. in their hearts.

Even if they know that these capitals are shameless, they can't do anything about them. Even if they know that they will be cut off, they still flock to them.

Fortunately, it has improved a lot now, and those major shareholders can't reduce their holdings at will to smash the market, otherwise today will be even worse.

The Securities and Exchange Management Office didn't know what was going on, and only announced at [-]:[-] p.m. that it would cooperate with several accounting firms in Xiangjiang to carry out financial raids on leading companies including HSBC, Huihong, CLP Power, Standard Chartered Hongkong, and Wheelock Land. review.

At present, HSBC, Wheelock Land, Lane Crawford, Whampoa Shipping, Golden Princess Cinemas, Wharf and other companies that have initially completed the audit are all in good financial condition and there has been no fraud.

A number of TV stations also broke the news one after another. Next Monday, shareholders of a number of listed companies will enter the market to save the market in order to maintain the relative stability of their own company's stock price.

……

(End of this chapter)