The Wealth Empire Crossing the Hong Kong

Chapter 542 The dollar is lower
As Liu Shunqin went to Perth to serve as the president of Lipp Holdings Group, and Liu Xiaoyan and Zong Liyuan returned to Xiangjiang, it also marked the end of the three-month consolidation period of Lipp Holdings Group.

In the past three months, nearly half of the executives of the Lipp Holdings Group have been dismissed and transferred, many of whom were transferred from Xinjian, Huangpu, Wheelock, Quanyuan, Nanlong, and Lanfeng Holdings.

After completing this arduous task, Liu Xiaoyan also returned to Xiangjiang to continue to serve as the president of Yuntao Holdings Group and the head of the Greater China region of the Xinjian Department.

And Zhou Bingqian also has a new position. Although the Donghua Mining Group she controls has no major problems, she is still implicated. Don't think about joining the executive team. There is no vacant position for group president now.

Considering that he is under the fourteenth level of management, Li Jianhui asked him to temporarily serve as the vice chairman of the board of directors of Xinjian Holdings Group and the executive vice president, in charge of the headquarters of Xinjian Holdings Group, so as to relieve Zhou Xinyue's pressure. Fully responsible for confidentiality of office affairs.

Although this appointment made Chen Yulian and the girls somewhat dissatisfied, in the Xinjian Department Li Jianhui was the one who could make a decision with one word, and they could only complain a few words, and they could not change Zhou Bingqian's appointment at all.

It can only be that Chen Yulian must watch over Li Jianhui, and absolutely not allow some things that shouldn't happen.

Zong Liyuan was also promoted this time and became the executive vice president of Xinjian Real Estate, and continued to serve as the acting director of the Xinjian Department's review department.

Li Qihai, the former executive vice president of Xinjian Real Estate, was transferred to Wheelock Land as the president, and Maurice no longer served concurrently.

Although the Xinjian industry market continues to expand, the development of certain industries is far from what the market expected.

On October 10th, the third-quarter financial reports of companies listed on the three major Hong Kong stock exchanges began to be released one after another, and the East Asian Index experienced another violent shock.

The real estate stocks of the leading stocks have once again ushered in a sharp rise, especially Hutchison Land, whose stock price has broken through the group's historical high, with a total market value of 550 billion Hong Kong dollars.

The stock prices of Wheelock Land, Chinese Land, Guanghua Construction, Kowloon Construction, and Shineway Properties have also risen sharply, setting new records for their own market value.

The banking stocks also showed no signs of weakness. After breaking through HK$[-] billion not long ago, Xinjian Bank has reached a new level today, breaking through HK$[-] billion, and its momentum is catching up with the number one HSBC.

The stock prices of Bank of East Asia, Dao Heng Bank, and Wing On Bank have also risen sharply, and their total market value firmly occupies the top ranks among Hong Kong local banks.

Just in stark contrast are companies such as Lane Crawford, Watsons, IKEA Convenience Store, E-Go Appliances, E-Go Logistics, and Huangpu Shipping.

Especially for several major retail groups, although their turnover has risen sharply, their profits are far below expectations, so that their stock prices have fallen sharply.

Although Huangpu Shipping’s Huangpu Shipping Company has the business support of the Donghua Club, especially because it has recently obtained a large amount of business from the Aohua Trading Group, it has a good profit.

However, affected by the overall environment, especially Huangpu Shipping’s subsidiary is not only Huangpu Shipping, but also Huangpu Shipping Company and Huangpu Port Company. Because of the large investment here, the income is not ideal, which also leads to the unsatisfactory financial report for the third quarter. , retail investors also sold the stock.

You must know that no matter it is several major retail and logistics companies, or Huangpu Shipping Group, they are all constituent stocks of the Far East Index.

Although the real estate and banking constituent stocks have risen sharply, the East Asian Index has fluctuated considerably due to these influences.

Compared with the panic selling of stockholders, Li Jianhui is quite calm about several major retailers. If he wants to compete with the world's retail department store giants for the North American market, how can it be possible without paying some price.

At present, the poor performance of several major retailers is mainly due to the burden of the North American market. As long as the struggle there is over, the market value of several major retail companies will definitely rise sharply.

Therefore, the stock price plummeted this time, and several major companies did not even have a statement, let alone held any press conference.

On the contrary, in the evening of the same day, members of the Donghua Association Xiangjiang held a meeting to discuss today's surge in bank stocks and real estate stocks.

In the current period, Li Jianhui, Li Guobao and others are actually unwilling to see the real estate stocks and bank stocks on the Far East Exchange rise too fast.

You must know that the number of shareholders of Xiangjiang is limited, and the capital in their hands is also limited. Today, it is mainly hot money that drives the stock prices of these leading companies to soar.

Especially in the past two months, it has been rumored that the U.S. dollar has depreciated sharply, while the yen, the mark, etc. will appreciate.

The Hong Kong Monetary Authority's foreign exchange fund has also adjusted its positions, reducing its holdings of US dollars and foreign exchange, and increasing the yen and British pounds accordingly.

Li Jianhui is worried that the wolves of Wall Street will target Hong Kong just like they targeted the Japanese economy in their previous lives, promoting the appreciation of the Hong Kong dollar and the soaring stock market, and finally bursting the bubble, leaving a lot of feathers behind.

At present, the only thing that makes Li Jianhui more happy is that because of the situation, the bubbles in the stock market and property market have been suppressed to a certain extent.

As the Donghua Club based on Xiangjiang, they will never let Xiangjiang's economy enter a depression, so they will resolutely fight back against some moves by hot money.

They welcome hot money to come in, but they will never allow them to scoop up their wool unscrupulously, and they will never let themselves suffer big losses.

"Jianhui, although the current U.S. government has no clear policy to promote the depreciation of the dollar, the dollar has been slowly falling for more than a month.

Not only have the exchange rates of the Japanese yen, British pound, Mark, and French francs increased, but the exchange rate between our Hong Kong dollar and the US dollar has also risen from 5.12 more than a month ago to 5.01. With the current trend, it may break five in just two days. "

At present, the depreciation of the US dollar has caused a relatively large loss to Hong Kong's assets. Although the exchange fund has been adjusted, the US dollar is still the most reserved foreign exchange, followed by the British pound and the Japanese yen.

If it weren't for the adjustment of positions, Hong Kong's economy would suffer heavy losses. Although the Hong Kong dollar is rising against the U.S. dollar, the Hong Kong dollar is falling against the Japanese yen and the British pound. Even more worthless.

Li Jianhui couldn't solve this problem for a while, he could only say: "At present, we don't have much to do in this regard, after all, the Bryan government won't listen to us.

Now we can only reduce the holdings of US dollars by our own companies and increase the holdings of Japanese yen to buffer the losses caused by the sharp depreciation of the US dollar. "

Moreover, the Taiwan dollar, which is the core market of the Xinjian Department, is also appreciating this time, and the appreciation is faster than the Hong Kong dollar. The calculated profit will be more.

Li Jianhui felt that the group of people on Wall Street in the United States was going to be ruthless this time, not only to suppress Japan, Germany, Britain, France and Italy, but also to attack emerging forces, especially the four Asian tigers that have developed rapidly in recent years.

It can be seen from the current currency market that neither the governments of Western Europe nor the four Asian tigers chose to release water to promote the depreciation of their own currencies when the dollar depreciated.

Some of the reasons are that these countries and regions have already promoted the strategy of enterprises and capital going out, and currency appreciation is good for their own countries. Another reason may be that the US government is influencing them.

As for Xiangjiang, it is quite special, because the market is limited, and they very much hope that the Hong Kong dollar can appreciate, so that whether they invest abroad or import products, it will be beneficial. It is estimated that Sin Chew has the same consideration as Xiangjiang.

If there were no Wall Street wolves behind to make troubles, it would be good for all countries, but Li Jianhui knew very well that it was impossible for that group of people to quietly watch the rapid economic development of various countries, and there would inevitably be endless means in the future.

For this reason, Li Jianhui specially reminded Li Fuzhao to pay more attention to the dynamics of the Xiangjiang stock market, and also asked Li Guobao to pay attention to the Xiangjiang foreign exchange market.

No matter how famous the wolves of Wall Street were in his previous life, Li Jianhui would never allow the other party to capture Xiangjiang Finance.

(End of this chapter)