The Wealth Empire Crossing the Hong Kong

Chapter 305 Financial Annual Report
For the next half month, the world's hot money remained relatively silent, and did not attack Xiangjiang Financial.

On January 1, major listed companies announced their financial reports for the fourth quarter and last year. HSBC’s profits fell by nearly 16% compared to the end of the previous year due to the involvement of Hang Seng Bank.

As soon as the announcement came out, the stock price of HSBC immediately fell sharply. Instead, Huihong Group successfully topped the net profit list of Heung Kong last year.

Originally affected by Li Jianhui's share price reduction and Wang Haichuan's resignation, Huihong Group's stock price has been in a negative decline for more than half a month, and its total market value once fell below [-] billion Hong Kong dollars.

As soon as the financial statement was released today, coupled with Huihong Group's announcement, Li Jianhui's off-market shareholding reduction has been completed, and Defeng Bank, Xingsha Holdings, and Quanyuan Holdings have become the new major shareholders of Huihong Group.

These several financial groups have been very well-known in the world in the past two years, especially Defeng Bank, which has Lanfeng Holdings and the Cavendish family behind it, and its strength is extremely strong. Although the bank has not been established for a long time, it has already established Business offices have been established in England, Hong Kong, the United States, France, Germany, Italy, Singapore, Malaysia, Canada, Australia, Taiwan, Japan, New Zealand, South Africa, and India.

Quanyuan Holdings is also extremely dazzling, especially last year when it established a relationship with the two major consortiums of Mitsui Mitsubishi, and is currently undergoing large-scale expansion in the Japanese market. In addition to owning Quanyuan Bank and Quanyuan Investment, it also owns real estate, animation, film and television, theater Lines, trade, retail, toys and other industries.

Xingsha Holdings has always been known for its mystery. Although it is registered in Xiangjiang, the shareholder behind it is a Cayman Islands fund. At present, few people know which party this company belongs to.

Although it was once rumored that it had a lot of relationship with the California consortium in the United States, the president of Merrill Lynch Greater China later denied this statement.

No matter who is the financial backer behind this, what cannot be denied is the strength of Xingsha Holdings Group. Just through the shares of listed companies it is known to own, its market value exceeds [-] billion Hong Kong dollars, which means that its group is not listed. Otherwise, the market value will definitely become the top five financial groups in Xiangjiang.

In addition to HSBC, Standard Chartered, and Xinjian, even the three major holding groups of Jardine Matheson, Wheelock, and Whampoa cannot compare with it.

Under the double benefits, the share price of Huihong Group has risen sharply. As of the close of the day, the total market value of Huihong Group has returned to the 550 billion mark. It is believed that it will not take too long to break through the 600 billion market value.

The achievements of the Xinjian Department are also very dazzling. The annual performance of Xinjian Bank, Lane Crawford, Watsons, Taohua Datong, Jiayi Group, Hutchison Land, Huangpu Holdings, etc. have far exceeded market expectations, and their stock prices have also rebounded strongly. It has not yet reached the highest peak before the carrian incident, but today is a positive signal, and there will be another wave of rise next week.

It’s just that there are good news, but there are also many bad ones. Wheelock Land was quite embarrassed last year, because it positioned commercial real estate and followed the Wheelock Square model. At present, it is only investing, and there is not much gain.

Even relying on some other businesses to make profits, it still cannot make up for the pain of transformation. The stock prices of major listed companies in the Xinjian Department are soaring, but Wheelock Land's stock prices have plunged slightly because of the release of financial reports.

After Huihong Group left, Wheelock Land Xinjian Group failed to maintain its position as the No. [-] listed company. Today, it was officially overtaken by Lane Crawford and Hutchison Land, and has now fallen to the third position.

Fortunately, Wheelock Holdings was dragged down by it, and Whampoa Holdings was also dragged down by Whampoa Shipping Group, which is a bad brother and brother with Wheelock Land, and its market value has not surpassed Wheelock Land.

Whether it is Wheelock Land or Whampoa Shipping, the reduction in profits is only due to investment, while some companies are in big trouble.

Because the Hong Kong Securities Law has increased the penalties for financial fraud, the major listed companies in the quarterly and annual financial statements did not dare to falsify as before, so that the fourth quarter financial statements and annual financial statements are very It's not good looking.

No matter investing in securities companies or stockholders, they are not fools, why don't they understand the tricks here? As soon as the financial statements of these companies are released, the stock prices immediately plummet.

Especially in the textile and clothing, import and export trade, hotel service industry, etc., looking at the comparison of this financial statement with the previous ones, many companies are tricky.

Especially for silk spinning clothing, Xiangjiang has a large number of related industries, but it is a pity that the clothing is mainly OEM for well-known European and American brands, so it earns a little hard work.

It’s just that Xiangjiang’s economy has grown rapidly in the past few years, and wages have also risen rapidly. The cost pressure of these garment companies mainly engaged in OEM is increasing, and their profits are getting smaller and smaller.

Some companies falsify their financial statements in order to maintain the stability of their stock prices.

The introduction of the strict law this time has made many companies dare not take any more risks, so many companies have revealed their true colors.

So much so that today, listed textile and apparel companies are basically in a state of decline. This is not just clothing companies, but the upstream industry chain has also been hit hard.

It has to be said that the two industries with the most stable stock prices in Heung Kong are finance and real estate. Although some financial companies in these two industries have problems, most of them are on the rise thanks to their leaders and a huge base.

Xiangjiang Exchange is also dominated by these two sectors, and most of the leading companies of the three major exchanges are companies in these two industries.

Even if there are Huihong Group, Lane Crawford, Watsons, Whampoa Shipping, Jiayi Group and other industry leaders, they still cannot change the current situation of Heung Kong's economic sector structure. Therefore, the three major indexes of Hang Seng, East Asia and Kowloon collectively rose today.

In Li Jianhui's view, this is quite dangerous. Finance, banking and real estate are closely related. Once one of them suffers a heavy blow, the other will also be implicated. Once there are problems in these two industries, Hong Kong's economy will have problems.

It's a pity that many families now only like industries with short investment time, high return rate and low risk, and are unwilling to enter industries with long return period, high R&D funds and uncertain return rate.

Even if he leads the members of the Donghua Society to enter the electronic semiconductor and Internet industries, it still cannot bring about much change. The current focus of the major families in Xiangjiang is either finance or real estate, and some families even focus on both.

However, manufacturing has become a dispensable industry for major families. Typical examples are Li Chaoren, Lin Boxin and others. They used to start out in manufacturing, but now they focus on real estate.

Lixin Garment is a well-known clothing company in Xiangjiang, but it has not had its own well-known brand until now, which has to make people sigh.

Regardless of the choices of the major families in Xiangjiang in terms of industry, and regardless of the stockholders' excitement and celebration because of the rapid growth of the stock market, Li Jianhui is very clear-headed, and naturally he will not be indifferent to the hot money coming in.

Maybe next week will usher in another Black Thursday, or Black Friday. Even if Li Jianhui and others know that the stock market will only make more money for hot money, they have no way to stop it, unless they kill the hot money In it, otherwise the hot money will be earned.

For the stability of Hong Kong's economy, and for the better development of the Xinjian Department in the future, Li Jianhui deliberately contacted Chartered Ship King, Shen Bi, Niu Bijian, Li Zhaoji and others, and communicated with them to jointly deal with the possible attack of world hot money.

(End of this chapter)