The Wealth Empire Crossing the Hong Kong

Chapter 304 The Giant Crocodile Arrives
Li Jianhui wanted to spend the Spring Festival in a smooth manner, but it was a pity that some big crocodiles were not Chinese and had no concept of the Spring Festival. Not long after New Year's Day, mysterious funds entered Xiangjiang's foreign exchange and stock markets.

Fortunately, Xiangjiang currently only has a few products in the futures market, and listed companies cannot play on the futures market, otherwise the futures market will also be undercurrents.

In Li Jianhui's office, Pang Yi, executive vice president of Xinjian Group, and Peng Kezhi, vice president and president of Xinjian Bank, looked very solemn.

"Don't worry about the stock market for the time being. Now our three major exchanges, the United Exchange, have a higher total market value of more than 2300 billion. The total market value of our companies listed on the Far East Exchange is more than 1700 billion, the lowest in Kowloon. The total market value of companies listed on the exchange is currently only nearly 1100 billion.

Excluding the shares controlled by the controlling shareholders of major listed companies, in fact, the market here is not big. With our current financial strength in Xiangjiang, there is no problem in supporting the stock market.

Now it is mainly the foreign exchange market, especially our Hong Kong dollar side. This time, the world's capital giants are mainly here.

Since the Hong Kong dollar broke away from the fixed exchange rate of the British pound in 73, it has been adopting a floating exchange rate with various countries and regions.

In the past few days, there has been a large amount of capital in the foreign exchange market borrowing Hong Kong dollars, and there are also a large number of Hong Kong dollars being exchanged for US dollars, British pounds, and Japanese yen.

If we don't prepare in advance, once these giants complete their layout, they will start to smash the market, and the Hong Kong dollar will depreciate sharply. "

Hearing Peng Kezhi's words, the first thing Li Jianhui thought of was the Asian financial crisis in 97, and the Quantum Fund, which rushed to the vanguard of Wall Street giants.

Because of his appearance, the butterfly effect of instigation is getting bigger and bigger, and many things will not follow the track of the previous life.

Because Li Jianhui has established a huge Xinjian Department and has also driven the development of many allies, Xiangjiang is not only financial and real estate, but its comprehensive strength and development potential far exceed those of its previous life.

Among the four Asian tigers, Xiangjiang has been the absolute leader in development in recent years. Although South Korea, Taiwan, and Singapore have also developed relatively fast, they are still a little behind Xiangjiang.

Big trees attract the wind, especially Xiangjiang is still a very special area, and there is such a cutting-edge force as the Xinjian Department, so some predators are eyeing this place.

Once the Hong Kong dollar depreciates sharply, it will severely damage Hong Kong's economy and at the same time suppress several major consortia in Hong Kong.

The fates of the Xinjian Department and Xiangjiang are linked together, one prospers and the other suffers. Li Jianhui is absolutely unwilling to see Xiangjiang's economy suffer heavy losses.

Moreover, he does not want the Hong Kong dollar to be bound to the U.S. dollar as it was in his previous life, and to implement a fixed exchange rate with the U.S. dollar.

In order to cope with the coming crisis, Li Jianhui notified the principals of the Xinjian Department and the director of the Finance Department to attend the meeting in meeting room 201 of Wheelock Building at [-]:[-] p.m.

At the meeting, Li Jianhui asked all major companies to return their idle funds abroad to their headquarters accounts as soon as possible, mainly in US dollars and British pounds.

At the same time, let major companies prepare to protect the market. When necessary, major listed companies use corporate profits to repurchase their own tradable shares in the market to ensure that the corporate stock market can be stable.

If there is excess capital, you can also pay attention to the upstream and downstream enterprises related to the enterprise, you can buy shares, or you can acquire them. The specific aspects are decided by the heads of the major groups. Li Jianhui will not interfere too much with this.

In the face of this crisis, Li Jianhui did not intend to rely on other companies except Xinjian Group. These companies are indeed making good profits, but the main profits are used for expansion, and there is not much idle money in the account.

It would be great if they can protect their own company this time. Let them hold a meeting, mainly to let them know about the current crisis, and hoard some foreign exchange along the way. Xiangjiang Financial Group contributes to its stability.

This time, Li Jianhui mainly relied on Xinjian Investment Company and those fund companies behind the scenes. Some short-term investments in futures and stock markets began to be liquidated, and funds were withdrawn.

This time Li Jianhui not only wants to protect the market, but also wants to gnaw a piece of meat from these giant crocodiles, so that they will not dare to attack the Hong Kong dollar and Hong Kong Finance in the next few years or even decades.

That night, Li Jianhui also discussed with Li Guobao, Lei Juekun and others, and made them prepare for the crisis.

"Jianhui, I think this time the hot money comes more for the stock market. Whether it's HSBC or Standard Chartered, they need a fixed amount of foreign exchange reserves and debt-free certificates to issue Hong Kong dollars. As long as we don't mess up internally , these predators have no chance at all.”

Li Guobao has been dealing with finance for a long time, and he is very familiar with these things. Now Xiangjiang's overall situation is very good, and the stock market has occasional turmoil, but that is not harmful.

The hot money chose to come at this time, but he felt that the hot money was just a bluff in foreign exchange, and it was mainly aimed at the stock market.

Hong Kong's financial market has been liberalized in recent years, a free financial port is being formed, and the stock market has also benefited greatly. It has been rising continuously in recent years, and the world's giants will naturally not turn a blind eye to this market.

"Brother Guobao is right, but now I'm afraid that we have internal problems. You also know that British companies such as Jardine Matheson, Standard Chartered, and Swire have shifted their focus from Xiangjiang to Southeast Asia and Australia.

Once some companies under Jardine Matheson, Swire, and HSBC announced the transfer of their registration and even their headquarters from Heung Kong, I believe you all know the impact.

The biggest problem for Xiangjiang now has never been the economic problem. The unresolved issue is like a sharp sword hanging over our heads for the development of all of us. "

All the people present fell silent after hearing this. There were more than one or two people who were worried about this matter, even they themselves were full of worries.

If what Li Jianhui said really happens, there will be huge risks in both the stock market and foreign exchange, and a sharp drop will be inevitable.

Lei Juekun sighed: "We are just a businessman, we can't get involved in these matters at all, and we don't even know the bottom line and the news of the negotiation between the two sides, so we lose in the first move.

I just hope that there will be no bad things during this time, so that we can all spend this Spring Festival happily. "

The few people tonight are not in a high mood, because they are worried about the uncertain future, and they will never give up the family business accumulated by generations.

As for studying some people to go to Australia, Canada or London, no one has thought about it yet.

After all, this is the root of everyone, and they are not willing to move their family unless it is absolutely necessary.

It's not just Li Jianhui who has capable people under his command. Many forces in Xiangjiang have already discovered the clues, and all parties are making intensive preparations to ensure that their own interests will not suffer too much loss in this crisis.

The stockholders of Xiangjiang were immersed in joy as they watched the rising stock prices in the stock market, and they had no idea that a storm was about to hit.

(End of this chapter)