The Wealth Empire Crossing the Hong Kong

Chapter 313
After hanging up the phone, an employee of the Merrill Lynch Securities Department came to Elton in a hurry and said to him: "Just now in the Far East Trading Report, many leading stocks have been smashed, and many listed companies have plummeted by more than 10%. It is suspected that Xiangjiang Financial Capital made a move, and its purpose is to trap us in the Xiangjiang stock market."

Elton couldn't believe his ears, and even wondered if he was hallucinating. What kind of weird routine is Heung Kong Capital? It's okay for them to ship on their own side, and they don't protect the market. They actually took the initiative to smash the market. For many years, this was the first time he encountered such an operation.

This situation makes him quite uncomfortable. If he continues to ship, the stock price may fall further, but if he buys the bottom, he may be trapped in it. If he wants to get out of the trap, it may be impossible in a short time.

In particular, he is well aware of the plans of DuPont, Morgan Stanley and other capitals. Once they are implemented smoothly, the Xiangjiang stock market will not rebound in a few years, and they will not be able to turn around at all.

As a securities investment company, it is impossible for him to put a large amount of funds in it. The previous plan of high-level shock shipments has failed, and now he can only choose to speed up shipments to minimize his own losses.

Elton had some complaints about DuPont and Morgan Stanley in his heart. If it weren't for these capitals making troubles in the foreign exchange market, if it wasn't delayed for so many days, Merrill Lynch would have already taken the profits. Why would it face such a situation.

He said loudly to the staff in the investment department: "Notify our staff in the three major exchanges immediately, speed up the liquidation of the stocks in our hands, and try our best to ensure that we..."

Before he finished speaking, the manager of the administration department came here in a hurry.

It brought him even worse news. Jiashi, Far East, Kowloon, Huaxin, Wireless, and ATV's six major TV stations, as well as Heung Kong United, Far East, and Kowloon Stock Exchange issued emergency announcements, and major shareholders of many listed companies announced that they would reduce their holdings. shares, including Huihong, Wheelock Holdings, Lane Crawford and other leading companies.

As a result, the halls of the three major exchanges were full of red screens, and the three major indexes fell sharply. At the close of trading in the morning, the shares of individual companies fell by more than 20%.

Elton, who returned to the office, was still in a daze, and kept asking how they dared to do this. This is a completely lose-lose approach, and it will have an extremely unfavorable impact on the Xiangjiang stock market.

Such a situation indicates that Merrill Lynch has done useless work this month, and the stock market's one-month increase was pulled back in less than two hours.

Now Merrill Lynch should not talk about profits, it is good if it can guarantee that it will not lose money this time. The purpose of these capitals in Xiangjiang is quite clear, that is to prevent them from harvesting leeks in Xiangjiang, even if it is the leeks of ordinary shareholders, these capitals are not allowed, so Today's counterattack will be so fierce.

In the 204 conference hall of Xinhui Hotel, the upper echelons of Xiangjiang business circles gathered here, including Chartered Ship King, Huo Yingdong, Li Zhaoji, etc., as well as Shen Bi, Niu Bijian, Shi Huaiya and others.

Faced with the menacing hot money, several major consortiums temporarily put aside past grievances for their own benefit, and discuss strategies against the enemy together.

As the inviter, Li Jianhui first said: "The purpose of this international hot money is very clear, that is to suppress our Hong Kong economy and attack our Hong Kong dollar exchange rate, so as to harvest our wealth.

We don’t need to worry too much about the stock market at the moment. It’s not so easy for them to reap wealth. Now it’s mainly about the Hong Kong dollar exchange rate. In this regard, I wonder if HSBC and Standard Chartered can maintain the stability of the Hong Kong dollar? "

At present, the Hong Kong dollar note-issuing banks are mainly HSBC and Standard Chartered, and these two banks largely affect the stability of the Hong Kong dollar.

As long as the two banks have no major problems, Li Jianhui has enough confidence to wrestle with international hot money.

Seeing that everyone was looking at him, Shen Bi responded: "Our HSBC has been issuing Hong Kong dollars in strict accordance with the relevant regulations of the Monetary Authority, and has sufficient foreign exchange as a guarantee. As long as there is no large-scale run on the citizens of Hong Kong, the Hong Kong dollar exchange rate will not be too big. fluctuations."

Standard Chartered also stated that its side is similar to HSBC. As long as the major families and citizens of Hong Kong do not run on it, the Hong Kong dollar will not depreciate.

With the guarantee from the two major banks, these bigwigs at the scene also have confidence in their hearts. In terms of business competition, they may still have a little bit of Western capital, but they are really not afraid of Hongkong Financial, especially the Hong Kong dollar exchange rate.

Compared with many countries and regions, the issuance of Hong Kong dollars must have sufficient foreign exchange and collateral, which largely guarantees the stability of the Hong Kong dollar.

At the same time, Xiangjiang's local capital is united as one, and basically there will be no losing situation, unless the situation in Xiangjiang is turbulent.

All parties have also discussed this aspect. First, pay attention to external rumors, and once there are unfavorable remarks, all parties will clarify as soon as possible.

Although the stock market has somewhat dampened the confidence of ordinary shareholders, in other respects, all parties have increased investment in some projects in the past few days to boost the confidence of Xiangjiang citizens in Xiangjiang.

Li Jianhui, Li Guobao, Qiu Degen, Feng Jingxi, Guo Zhiquan, Bao Yugang and others also promised that when necessary, major banks will use foreign exchange reserves and gold to help stabilize the exchange rate of the Hong Kong dollar.

At the same time, the major banks also promised not to lend more than [-] million yuan to any foreign-funded institutions within one month.

This article directly blocks the source of large-scale acquisition of Hong Kong dollars by international hot money. Li Jianhui still does not believe that these hot money can use up the foreign exchange of their major banks only with the Hong Kong dollars in their hands.

In the meeting room of Citibank, Elton, DuPont, Black, etc. are also holding meetings.

In the conference room, Elton was the first to attack, accusing DuPont, Morgan Stanley, etc. of failing to follow everyone's agreement and doing nothing in the foreign exchange market, so that Xiangjiang's local capital focused on the stock market.

"Elton, I know that the development of the Hong Kong stock market makes you uncomfortable, but don't spit on people here, we are gradually advancing according to the plan, don't you understand the trading volume of Hong Kong dollars in the foreign exchange market today.

And the reason why the foreign exchange market fluctuates little today is also because you need time to cash out from the stock market. Now that you have problems yourself, you blame us instead. Isn't that shameless? "

Seeing that the two families were about to fight again, Blake quickly said: "Don't get angry, you two, at this time, we must unite with sincerity.

Xiangjiang's local strength is not as weak as everyone imagined, and we are the opponent's strong point to attack. If everyone continues to tear each other down, I'm afraid we will lose this round. "

Fidel Snynn, the person in charge of DPM Xiangjiang, said with a smile: "Blake, you are raising the enemy's ambition and destroying your own prestige. I admit that you have underestimated Xiangjiang Capital, and it is not the time to deal with foreign enemies. How many companies can give up? In terms of past grievances, this aspect is a bit like the six major Japanese conglomerates.

But Xiangjiang is just that big, saying that the five big consortiums are just flattering them, and these few are still far from the real consortia. Tomorrow you will find that the five big consortiums of Xiangjiang are nothing more than mediocre. "

……

(End of this chapter)