Rebirth: The Era of Hong Kong Tycoon

Chapter 186 [Stock Crash]

Accompanied by Sanders and Shen Bi, Lin Rongheng came to the underground vault of HSBC Bank. As the "quasi-central bank" of Xiangjiang, Lin Rongheng admired the strict security of the underground vault of HSBC Bank.

First of all, there is a passage. There are many forks in this passage. If you are not familiar with it, it is difficult to find the correct way. To enter the vault of HSBC Bank, you must pass through a circular steel gate weighing 8 tons. People can only open it with a key, and I am afraid that even bombs cannot be opened.

Under the guidance of Sandas and Shen Bi, Lin Rongheng successfully arrived at the vault where his gold was stored.

There are 75 tons of gold (264.5 million ounces) in this gold storage, the cost is 68 U.S. dollars per ounce, and the total cost is 1.8 million U.S. dollars (10.2 billion Hong Kong dollars); at present, the international gold price has risen to 90 U.S. dollars per ounce, and Lin Rongheng has made a profit of 32 %.

Lin Rongheng picked up a gold brick with 400ounce (ounces) written on it, and immediately felt the weight, which can weigh a full 22 catties.

Shen Bi sighed from the side: "Mr. Lin is really a genius in the investment world. Just after the transaction of these golds was completed, the price of gold rose from 65 US dollars per ounce to 85 US dollars per ounce, and it rose another 5 US dollars per ounce this month."

Lin Rongheng turned his head and said seriously: "Although I knew that gold was going to appreciate in value, I never thought that it would appreciate by nearly 2% in February alone. I can only say that I am lucky enough."

Sanders and Shen Bi don't think so. In their eyes, Lin Rongheng first made a fortune of [-] to [-] million Hong Kong dollars in the stock market, and then made another [-] million Hong Kong dollars by investing in gold; There is a great courage.

75 tons of gold is an astronomical figure. Xiangjiang imported less than 1972 tons last year (130), and Lin Rongheng bought a full 75 tons, accounting for more than half.Most of the gold that Lin Rongheng invested in Xiangjiang was purchased by HSBC Bank in contact with several major international gold merchants, and the freight was paid by Lin Rongheng alone, so the cost was higher than the cost of gold invested in London and Zurich; a small part was purchased in Xiangjiang I bought it in the gold market, and it was a little cheaper.

After a brief visit, Lin Rongheng felt relieved; in fact, Lin Rongheng had a certificate issued by HSBC Bank, even if HSBC Bank did not buy gold and planned to bet against Lin Rongheng on 'paper gold', Lin Rongheng believed that they would not renege on their debts.Of course, HSBC would not be so stupid. Taking Lin Rongheng's money, instead of buying spot gold, they bet that the price of gold would fall.

Back at Sanders' office, Shen Bi asked: "Evergrande Real Estate has a lot of cash flow, but the recent real estate activities are not big. Could it be that they are preparing for something?"

HSBC is now the creditor of Evergrande Real Estate, so it is normal to care about these financial situations!

Lin Rongheng said with a smile: "The Hong Kong government and bankers are saying that the stock market has deviated from the normal track. I thought that there might be instability in the securities market, so I temporarily saved these funds. We will rebuild buildings and open sites later. And new investment will require a lot of funds; at that time, stock market fundraising will not work, so naturally we can only rely on this fund.”

The stock market plummeted in just two or three days. Regarding the stock market, there are also many calm people, so it is normal for Lin Rongheng to have this worry.

Several people chatted for a while, and the two of HSBC were very optimistic about the prospects of Evergrande Real Estate, and expressed their willingness to provide loans in the future.

For this result, Lin Rongheng was very happy. After the stock market crash and the oil crisis, Evergrande Real Estate was very willing to borrow a lot of money, and it was not too much; therefore, the support of these banks determined how fast and how vigorous Evergrande Real Estate could grow.

After Lin Rongheng left, Shen Bi said: "He grew up too fast! Some time ago, he made a big cash out of Evergrande Real Estate, Universal Pictures, and Modern Newspaper, and the funds he got probably exceeded 10 billion Hong Kong dollars. He earned more than 3 million Hong Kong dollars, and now he has earned more than 3 million in gold. His wealth is growing too fast. I am afraid that in a few years, it may not be impossible to catch up with Bao Yugang!"

Sanders nodded, agreeing with Shen Bi's point of view. Bao Yugang was estimated by American magazines this year to be worth 7 million to 10 billion US dollars, which is equivalent to more than 50 billion Hong Kong dollars.

The total market value of Lin Rongheng's three listed companies is as high as 78 billion Hong Kong dollars. If Lin Rongheng does not cash out, the value of the shares he holds will be around 48 billion Hong Kong dollars.

Of course, the stock market is obviously out of the normal track now, and many smart people don't believe that the stock market will continue to rise.

Sanders said: "He is different from Bao Yugang. He is very good at manipulating the capital market. If he has always had such financial acumen, his wealth will grow rapidly. Therefore, the cooperation between HSBC and Evergrande Real Estate , is a win-win situation.”

Both of them were optimistic about Lin Rongheng's future, and also intended to provide loan support to Lin Rongheng's industries.

Of course, Lin Rongheng's gold in HSBC is also a guarantee that they are willing to support Lin Rongheng.

Monday, May 3.

At the opening of the morning, the prices of each stock are still in a bad situation; following Friday's momentum, the Hang Seng Index once reached 1830 points.

But just in the morning, three fake stocks of Hehe Industrial Co., Ltd. were found on the market, which immediately caused the rally to fall back; originally, the three fake stocks were not a big deal, after all, this is not without precedent, but recently the bank tightened brokerage rules. Borrowing, and some "light friends" took the opportunity to make trouble, so the Hang Seng Index fell to 3 points that day.

Next, the Xiangjiang stock market officially opened the worst stock market crash in history. The reason why it is said to be the worst is that this stock market crash has the largest decline. The Hang Seng Index fell from more than 1770 points (closing price) to more than 150 points ; The duration of the decline is also the longest, from March 1973 to the end of 3.

Although it was discovered that the fake stocks were an introduction, the real reason was not the fake stocks, but the overheated speculation; the stocks were too inflated, like a mirage, fragile in nature, and could not withstand any turmoil.

When the stock market crash happened this time, many people believed that it was just a technical correction. Even the Hong Kong government believed that this was a short-term phenomenon. Since the market was too high, it only needed some adjustments to stabilize it within a reasonable range.

In fact, once the stock market crash comes, the confidence of stockholders will be destroyed first. If everyone loses confidence, how can the stock market continue to rise.

In the final analysis-the success is also small, and the failure is also small. The reason why the Xiangjiang stock market is so hot is naturally that those who did not invest in stocks have crowded in. These people blindly follow the trend and have no investment knowledge. Their views on the stock market are too naive They thought that the stock market was an inexhaustible gold mine; but when the stock market crash came, these people got scared and pulled out funds desperately, spreading the panic in the stock market again.

(End of this chapter)