The Wealth Empire Crossing the Hong Kong

Chapter 301 No Friends Forever

Li Jianhui inspected his own property in Tianshuiwei. In order to maintain the stability of the Xiangjiang stock market, the Securities Exchange Management Office also issued penalties for falsifying financial statements.

Similar to what Li Fuzhao said, the punishment was not severe. Each company was only fined [-] million Hong Kong dollars. As for individuals, they were not punished.

The most amazing thing is that less than an hour after the disciplinary announcement was released, the Securities Law added laws related to falsification of financial statements that were passed by the Legislative Council.

Starting from January 1981, 1, any listed company that falsifies its financial statements to the stock exchange or to the public will be held accountable in accordance with the new law.

This law is much stricter. The company is fined starting at [-] million yuan, and there is no upper limit. In addition, company directors, executives, and finances will all be punished. If it is serious, they will be sentenced to imprisonment, and the financial fraud company will be strictly ordered to quit. In the market, the assets shall give priority to compensation for the losses of shareholders.

This law is a red line for listed companies. If this red line is crossed, the company is basically over.

This also reminded Li Jianhui of the famous Enron company in his previous life, a behemoth on the US stock market, with revenues of hundreds of billions of dollars, which suddenly collapsed because of financial fraud.

The emergence of this law is a considerable protection for stockholders. With this, at least they don't have to worry about buying shares of a certain company, and this company is just an empty shell.

It is also conducive to the financial expansion and strength of the Xiangjiang stock market, because with this law, more investors and capital will be attracted to the three major exchanges.

Because the Kowloon Exchange and the United Exchange have followed suit, the plan of Li Jianhui and others naturally cannot continue to be implemented.

Therefore, in the afternoon of that day, Shixin Building Materials and Yuen Long Plastics released their new financial statements for the third quarter, and the Far East Exchange also announced that they would resume trading in the two companies tomorrow.

In the evening of the same day, Li Jianhui participated in the party held by Charter King.

The guests invited by the charter king this time are members of the four well-known consortiums Xianghua, Donghua, Huaxin and Xinya.

Li Jianhui, Li Guobao, Lei Juekun, Feng Jingyao, Zhang Guangwen, and Guo Zhiquan all received invitations from the East China Association.

The party was just a cover, and Li Jianhui knew that this Donghua meeting would be targeted after hearing the words of Chartered Ship King, Li Zhaoji and others.

"Bao Sheng, let's just say that, our Donghua Association has never thought about targeting Chinese-funded enterprises, and we have no intention of making enemies with anyone.

In the past two years, we, Tung Wah Club Real Estate, have avoided the Hong Kong Island and the Kowloon Peninsula, which are the focus of development by all parties, and chose the New Territories for development.

The focus of our financial industry has shifted to these places to avoid too many conflicts with all parties.

Even in terms of film and television media, our development is quite different. Jiayi, Xinyicheng, etc. did not rely on their own strength, resources, and reputation to poach talents under your banner. "

Although Li Jianhui was somewhat evasive, what he said was correct. If there was pressure from the coalition before, they would not want to have too much dispute with Donghua.

It's just that now because of the Carrian incident, a series of problems have been caused. Hang Lung has directly left the coalition camp and is determined to follow the Mitsui consortium.

The members of the Nanyang Consortium are Tusihusai. They also left the joint camp and became independent on the Xiangjiang side, and will no longer join other camps.

Swire, Jardine, and Standard Chartered have shrunk their influence in Hong Kong, shifted their focus to Southeast Asia and Australia, and do not intend to continue to compete with other companies in Hong Kong.

At present, the joint camp consists of core industrial groups such as HSBC, CLP Power, Heung Kong Electric, Cheung Kong, Shun Tak, Wireless, and Golden Harvest, as well as Jardine, Standard Chartered, and Swire, who have not contributed much. Advantages of consortia.

When there is no common enemy, it is difficult for the four major consortiums to maintain the previous restraint, just like the Xiangjiang Real Estate Construction Chamber of Commerce. Now this chamber of commerce is basically a decoration. The meeting once a month is now redundant.

Among the four major Chinese consortiums, the strong strength of the Donghua Association undoubtedly made the other three feel a huge threat, and it also forced the three parties to unite to deal with the Donghua Association.

It just so happened that this time Li Jianhui's operation gave the three major consortiums an excuse to join forces. The three companies targeted this time, Yihui Technology belonged to Huaxinhui, Jiarui Electric belonged to Xianghuahui, and Jiali Furniture belonged to New Asiahui.

I don't know if it's a coincidence, but the three listed companies that Li Jianhui chose on the Kowloon Exchange happen to be members of the three major consortiums.

"Li Sheng, because of your choices in the past few years, we have indeed reduced a lot of disputes in many aspects, and I also hope that the several parties can get along like this.

We have always respected the development of the Tung Wah Club, so why did Li Sheng push us so hard? If the Kowloon Exchange hadn’t responded in a timely manner, Yihui, Jiarui, and Jiali would have changed hands. "

"Zheng Sheng, you have wronged me. These big companies are all very good companies. I can't bear such a company to suffer too much loss, so I took action to protect them. I have no intention of buying these companies at all. the meaning of."

Those present were already used to this. Although Li Jianhui was not yet twenty, his thick skin was no less thick than those who had been in the business world for decades.

They can guarantee that Li Jianhui is definitely planning to acquire these companies, and they are only saying this now that the acquisition has not been successful, and they are also improving their image along the way.

The Chartered Ship King said: "Li Sheng, we Ming people don't speak dark words. The current situation is that the Donghua Society is the only one, and the capital is quite strong. Our single family is not your opponent at all.

We are all of the same origin, descendants of Yanhuang and Huaxia. We hope that everyone can cooperate more instead of competing. The Xiangjiang market is so big. Why should we compete in this small place? In the end, our strength has not improved much. , making everyone unhappy, what do you think? "

"I very much agree with Bao Sheng's statement, and I don't want everyone to be unhappy, but it's useless for me to think so, it depends on what everyone thinks.

I heard that the recent development of Xianghua Trading Company can be described as rapid. The monthly turnover has been rising, and it was as high as nearly [-] million Hong Kong dollars last month.

I'm afraid it won't be long before the largest Chinese company in Xiangjiang will become Xianghua Trading Company. "

Because Li Jianhui turned Huihong Group from his left hand to his right hand, Xinjian Group is currently the largest Chinese-funded enterprise in Xiangjiang, and its valuation has reached [-] billion Hong Kong dollars.

Although the development of these Xianghua trading companies is indeed good, it is almost impossible to surpass Xinjian Group in a short time.

Those present were also aware of this, but this did not prevent them from attaching importance to Xianghua Trading Company, especially Zheng Yutong and Li Zhaoji.

They are very clear that Xianghuahui has a close relationship with the mainland. If it continues to develop in this way, they are likely to be thrown away by Xianghuahui.

And what Li Jianhui wants is to take root in the hearts of these two consortiums, so that even if the three cooperate to target the Donghua Association, it is unlikely that they will work together.

(End of this chapter)