The Wealth Empire Crossing the Hong Kong

Chapter 663
This is a day worthy of historical records, May 5th, which later generations call the Asian stock market Black Monday.

After the stock market continued to fluctuate and go up for three days last week, all the three major Hong Kong indexes gapped open today. The East Asian Index fell 3%, and the Hang Seng Index and Sun Hung Index also fell by more than 2%.

In the CBBC market, whether it is the three major indexes or the major leading stocks, there are a large number of bear certificates.

At the same time, there was a lot of unfavorable news in the market, and the market sentiment was panicked. Coupled with the promotion of the forces behind it, many leading stocks fell by more than 5% in just one morning. Jardine Holdings, Wharf, and Nanjiang Hang Seng Bank have fallen by more than 10%.

It really echoes the old saying that no matter how high you climb, you will fall as hard as you fall. The stronger the rise during this period, the harder the fall today.

The Xiangjiang stock market, which does not have a price limit, is not the end of the decline of more than 10%. Great Eagle Real Estate plummeted by nearly 30% this morning, and its sister company Paliburg fell by more than 40%.

In the securities investment department of Merrill Lynch Xiangjiang Company, the general manager Wu Fude was quite angry.

Although they have been gradually shipping last week, because they are afraid of a sudden stock market crash, and the Donghuahui Securities Agency is also shipping, Merrill Lynch's shipping rate is not too large.

Originally, they planned to complete the shipment plan in two to three weeks, but they didn't expect that the stock market would completely change after it started this week.

This situation occurred in the stock market this morning. He is very clear that it has something to do with the Donghua Club. During this period, the other party has completed the layout through shareholder reduction, financing and issuance, and securities institutions' shipments. The hot money is set inside.

Thinking of the changes during this period of time, he was also quite angry. If all parties at that meeting agreed with him, Merrill Lynch would not be in the embarrassing situation it is now.

After reporting the general situation of the three major stock markets in Xiangjiang in the morning, Chen Minchang, the general manager of the investment department, suggested: "The current situation is obvious. Donghua, which has completed the layout, will start to smash the market, and the shareholders of Xiangjiang are buying up and not buying down.

Driven by the Donghua Association, there was a lot of selling, so that the stock market plummeted.

You are also aware of the financial situation in the Xiangjiang stock market. At this time, we have only one choice, and that is to ship and smash the market with Donghuahui. "

As for the protection of the market, it is impossible. Merrill Lynch will not use its own funds to make wedding dresses for Hong Kong stockholders.

It is impossible to wait and see. This layout has been long enough. If it is not shipped again, and there is such a profit, I am afraid it will take another year or two, or even several years.

It is not possible to expect Heung Kong Capital to protect the market at this time. The debt ratio of the companies under the Donghua Club is relatively low, and they are not worried at all that the stock market crash will affect the company's capital chain.

As for the other parties in Xiangjiang, they are also focusing on the land auction two days later, and it is impossible for them to spend a lot of money to protect the market.

Wolfd had to admire Donghuahui's choice of timing, and he even guessed that Donghuahui's move was not only aimed at their hot money and suppressing the huge bubble in the Xiangjiang stock market, but also for this local auction.

Although Merrill Lynch is not involved in the real estate industry, it has some knowledge about this land auction. It can be said that the amount of land won in this auction will directly determine the development of these real estate companies in the Hong Kong real estate industry in the next ten years.

Several major commercial conglomerates in Hong Kong relying on real estate and finance as their pillars, this land auction is bound to be popular. It will be an unprecedented money feast, and the turnover may even exceed [-] billion Hong Kong dollars.

The sharp drop in the stock market at this time will inevitably weaken the economic strength of several other consortiums, and at the same time lower the expectations of major real estate companies to reduce the cost of competition for Donghua Club.

"Manager Li, since the situation is out of control and the previous plan has been cancelled, you are now arranging to ship with all your strength.

Since we can't get a huge return, then we will pour another bucket of ice water on the stock market to further push the stock market to plummet, so as to hit Hong Kong and even the Asian economy. "

……

Xiangjiang's financial influence is no longer limited to Xiangjiang. This morning, due to the influence of Xiangjiang's stock market, the stock markets of Baodao, Sin Chew, Kuala Lumpur, Bangkok, Jakarta, Tokyo, and Seoul also fell.

Faced with this situation, countless forces held an emergency meeting to discuss how they should deal with this situation.

In the private rooms of the Tseung Kwan O Shine Wing Hotel, members of the Tung Wah Association Hong Kong were in a relaxed mood, and the stock market crash did not seem to have affected their mood.

Talking about the situation in the stock market this morning, Li Guobao said: "Our major securities investment companies have already sold the shares they held in Xiangjiang listed companies in the past few weeks.

Today, the main reason for selling is to reduce the shareholding of our listed companies, so as to drive retail investors to sell, which in turn triggers a sharp drop in the stock market.

Now we just need proper guidance. As for share reduction, if the price is right and we continue to reduce our holdings, if the price falls too sharply, we can stop the reduction. Anyway, whether we can complete the share reduction will not have much impact on us. . "

They don't know how much the hot money made this round, anyway, these securities investment companies present here can be said to have made a lot of money.

You must know that when they bought these shares, the price was quite low. In the past two years, they have at least doubled or tripled.

For example, Xinjian Securities Investment Co., Ltd. made a profit of more than [-] billion Hong Kong dollars in the summary report of this round of operations last weekend.

This time, the Donghua Club not only plundered the wool of shareholders, but also plundered the wool of hot money, especially the wool of capitals from Southeast Asia, the Middle East, and Western Europe that have entered the Xiangjiang stock market on a large scale.

Moreover, Donghua Club is not afraid of hot money to protect the market at all. If the parties really do that, they will continue to let listed companies raise funds to issue additional funds to boost the rapid expansion of their own companies.

At present, Donghua Club is fully capable of being the owner, and it holds a large amount of development land under its banner, so it is quite easy to suppress property prices.

The reason why so much hot money has come in during this period is mainly because of the signing and release of the joint statement, and it is only natural that they will benefit from this surge.

It's a pity that I met the freak of the Donghuahui, and I also met the hot money in the United States who was planning a huge plan. As a result, the stock market was dragged down shortly after it took off. , but don't want to become a leek.

When talking about follow-up issues, Li Jianhui said: "We don't need to be too anxious about buying bottoms for the time being. American hot money will definitely make big moves in the past two days. After the stock market really falls into a trough, we will consider buying back shares. Let us buy back shares in Donghua The company’s shareholding in companies can reach the standard of 65%.”

Today everyone also discussed the soil auction in two days time. This time, the Hong Kong real estate companies under the Tung Wah Club, except Wheelock Land, will go to participate.

Li Jianhui and Li Guobao will also attend in person on behalf of Xinjian Real Estate and Huaren Real Estate respectively. The minimum goal of the Donghua Club is to win half of the land.

This Donghua meeting can be said to have made sufficient preparations. Xinjian Real Estate has just listed with more than [-] billion Hong Kong dollars in hand. After completing the additional financing, all parties have sufficient funds to participate in this auction.

Moreover, this time Donghua Club will focus on suppressing Nanjiang Club and Xinhong Club in the soil auction. Not to mention making these two parties lose money, they will definitely not let them get too much land.

(End of this chapter)