Rebirth: The Era of Hong Kong Tycoon

Chapter 67 [Illegal Shorting]

At noon, Lin Rongheng came to HSBC Securities.

In Zhang Jianhua's office, Lin Rongheng said, "How many shares of Evergrande do they still have?"

Zhang Jianhua shook his head and said, "I don't think so. They sold almost 220 million shares of Evergrande Real Estate in the two days before and after. Of course, our funds have also been used up. If you still don't sell, this afternoon's transaction , I can only leave it to my fate!"

To be honest, at this time, Zhang Jianhua is also a little doubtful about whether this risky investment is worth it?

Zhang Jianhua used his authority to buy 100 million shares of Evergrande securities at a cost of HK$5; if Lin Rongheng couldn't turn the situation around, Zhang Jianhua felt that he would lose a lot this time.

Lin Rongheng smiled and took out a US dollar deposit certificate and handed it to Zhang Jianhua to have a look.

When Zhang Jianhua saw a US$400 million certificate of deposit issued by Wanguobaotong, he suddenly smiled and said, "You haven't made a move, nor have you clarified, are you planning to induce them to sell illegally?"

Lin Rongheng laughed without saying a word!
Zhang Jianhua asked again: "You're not afraid that they will just take it as soon as possible. If they buy shares in Evergrande this afternoon and tomorrow, wouldn't they make a lot of money?"

Lin Rongheng snorted coldly and said, "I'm afraid they won't be satisfied with a mere profit of two or three million Hong Kong dollars! And if Evergrande Real Estate's stock continues to plummet, they will definitely take risks and illegally sell short!"

Lin Rongheng knows his enemies very well, and they are all greedy; especially the Ma brothers, because they were too greedy in their previous lives, the four detectives knew how to stop, but they were still selling fans, and one of them was finally caught. ; Although they were eventually guaranteed by Shao Laoliu and the squires, it also showed that they were the ones who didn't know how to stop.

If the stock of Evergrande Real Estate falls to more than 3 Hong Kong dollars, coupled with the illegal short-selling of 200 million shares of Reid Securities and more than 220 shares that it has short-sold, it will be enough to make a profit of tens of millions of Hong Kong dollars, which is enough to lure people.

Not only that, they have also achieved their goal by suppressing Evergrande Real Estate to less than 4 Hong Kong dollars - breaking the myth of Lin Rongheng.

Zhang Jianhua pondered for a while and said, "You know those people are dealing with you, so you know them very well, and then you will take the bait step by step. However, even if you hold a media conference and say that you have received a low-interest loan from a US-funded consortium again. The stock of Evergrande Real Estate is expected to only reach 6 Hong Kong dollars, and they have not lost much at all!"

Lin Rongheng said mysteriously: "Then let's see, anyway, I won't let you lose money!" After speaking, Lin Rongheng patted Zhang Jianhua on the shoulder.

The real cooperation between the two was only once, but the relationship was very strong. If Zhang Jianhua hadn't put out 500 million Hong Kong dollars this time to stabilize the stock of Evergrande Real Estate; It can thwart the enemy's conspiracy; in this way, the enemy has no loss at all, but can earn millions of Hong Kong dollars.

Of course, taking out the US$400 million certificate of deposit now does not mean that Lin Rongheng will continue to buy the shares of Evergrande Real Estate, but only to reassure Zhang Jianhua.

This afternoon and tomorrow, what Lin Rongheng wants is that the stock of Evergrande Real Estate will continue to fall, as long as it does not fall below HK$4; then when the weekend comes, it is time to perform on his own.

at the same time.

The Ma brothers, Peng's father and son, Shen Laixi and others are also conspiring.

Shen Laixi first said: "If we just accept it when we see it, we can make a profit of more than 200 million Hong Kong dollars now, and also teach that kid a lesson!"

Ma Xilong immediately said: "Two to three million Hong Kong dollars, who do you look down upon, Boss Shen! Think about it for us, can you continue to suppress the shares of Evergrande Real Estate?"

When Shen Laixi heard it, he immediately thought of illegal short selling, but although it was illegal to do so, the profit in it was also very considerable; in addition, the situation was completely on his side at this time, and there seemed to be no reason to be afraid.

"There is no way, that is illegal short selling! Although we don't have the stocks of Evergrande Real Estate in our hands, everyone knows that as long as the delivery of the stock transaction is completed within 48 hours (trading day), it is not illegal! Therefore, if we and Shorting another 200 million shares tomorrow will definitely suppress Evergrande's stock to around HK$3. Next Monday, people who hold Evergrande's stock will continue to panic. At that time, we will sell at a price of around HK$3. If you buy back 400 million shares, everyone will be safe and at least 1000 million Hong Kong dollars! And Evergrande Real Estate will lose its own myth after this battle, and it may not be so easy to pump water in the stock market in the future. already."

1000 million Hong Kong dollars is definitely an astronomical figure in this era. After all, the per capita salary is only seven or eight hundred, which is the second average salary level in Asia.

Ma Xilong said without hesitation: "Just do as you said! I will continue to unite with my colleagues in the newspaper industry over the weekend to clean up that kid, and see what he does when the time comes!"

Peng Guowei also rubbed his palms and smiled: "What else can I do? I can only swallow it with my teeth. This time he will peel off his skin even if he doesn't die, and he will become a joke in the industry in the future!"

"Ha ha!"

Everyone smiled complacently.

On the afternoon of October 10, after the stock market opened, the stock of Evergrande continued to fall and finally closed at HK$1.

During the period, neither Evergrande Real Estate nor HSBC Securities bought any more. After all, this downward trend was acceptable to Lin Rongheng; and Reed Securities did not sell short again. It seems to outsiders that their bullets have been emptied.

According to this situation, the stock of Evergrande Real Estate will only drop slightly the next day, and some shareholders who hold shares seem to see the light of day.

In fact, there are only less than 800 million shares in the entire market at present, because HSBC Securities bought 100 million shares, and Lin Rongheng increased his holdings by 120 million shares; therefore, it is really difficult to be crazy to suppress the price, unless some illegal means, such as illegal short selling.

Some investors began to complain, what happened to the boss of Evergrande Securities, you might as well come out to clarify and stabilize the stock of Evergrande Real Estate!Everyone believed that as long as Lin Rongheng came out to hold a press conference, the panic in the market would definitely be much less.

Lin Rongheng didn't come out to hold a press conference. Could it be that those newspapers are true?
For a while, the public opinion turmoil began to ferment, and many investors were worried about the direction of tomorrow!
The next day, Lin Rongheng took the position in person. Today's goal is to hold the price of 4 Hong Kong dollars, but he can't buy it in a big way, because this will make the Ma Brothers and Reed Securities people vigilant. Once they guess that Lin Rongheng holds a large amount of money Cash, I am afraid that they will immediately choose to stop short-selling, and then turn around and buy the stock of Evergrande Real Estate.

Selling high and sucking low, they also made millions of Hong Kong dollars in profit, which made Lin Rongheng so angry that he was simply stepping on himself to make money; and if he deliberately did not come out to clarify, it would also become a joke for others-stealing chickens is not a loss. Meter.

Therefore, in addition to HSBC Securities, several securities companies have already cooperated with Lin Rongheng. Lin Rongheng wants to stabilize the stock of Evergrande Real Estate from multiple brokers; and as long as it does not fall below HK$4, Lin Rongheng will not intervene.

He was originally a major shareholder, and if he buys a large amount of his own company's stock, he is easy to be criticized. Although the Hong Kong Securities Law is not perfect in this era, Lin Rongheng doesn't want to make this money, and it is easy to be criticized.

The stock market opens at nine o'clock.

The brokerage of Reed Securities repeated the old trick and sold 4.5 shares at a price of HK$30, which was indeed illegal short-selling.

Lin Rongheng was not in a hurry, he did not order to take the order, his goal was the position of 4 Hong Kong dollars, or to put it another way-the more Reed Securities sold short, the happier he was.

There is no problem with the operation of Evergrande Real Estate, the stock will collapse for no reason, and those who hold the stock are not all fools.

"Boss, it's already 4.35 Hong Kong dollars!" He Rui said, but his face was not nervous. At this time, Evergrande Real Estate held 2000 million Hong Kong dollars in cash, and the total market value of public shares was only a little over 3000 million Hong Kong dollars.

"No hurry! How many shares have Reed Securities sold?"

"They illegally sold a million shares short!"

"It takes 100 million shares to fall, it seems that everyone is not a fool!"

At the close of the day, Evergrande Real Estate's stock closed at HK$4.18, and Reed Securities sold 200 million shares in one day. In response to this, many brokers know that Reed Securities may be illegally shorting, but everyone has no evidence.

As long as Reed Securities takes out the stock before the market closes on Tuesday, no one cares that much.

On this day, Lin Rongheng did not buy one share, because he did not like the profit, and he did not want to arouse the vigilance of Reed Securities.

Now that the enemy is in the trap, and it's the weekend, it's time to perform!
(End of this chapter)