Reborn in Hong Kong as a Tycoon

Chapter 318 British family in action

Around eleven in the morning.

Henry Cassack, Michael Kadoorie, George Swire, and John Madden visited Shen Congee at HSBC on behalf of their short-selling group.

The companies controlled by the four of Henry Kessack are all big companies in Xiangjiang, and they also represent some middle-class British-owned families, so Shen Porridge did not dare to neglect them, and received them immediately.

These people advertised themselves as so-called gentlemen, so they didn't talk about serious business immediately, but first chatted about political affairs, lace entertainment and so on.

After chatting for more than ten minutes, we entered the topic.

Henry Kessack said aloud: "Taipan, today we come here to hope not only to borrow some Hutchison Whampoa shares, but also hope to get help from HSBC."

"Several, there is no problem with borrowing stocks. This is HSBC's business, but if you want HSBC to help suppress Hutchison Whampoa's stock price, then I can only say no. You should be very clear that HSBC is also The major shareholder of Hutchison Whampoa, it is unreasonable not to help Hutchison Whampoa to stabilize the stock price."

Shen Conge guessed that these four people came here to borrow stocks to continue shorting, but he never thought that they would ask HSBC to help them, how could they agree.

"Dapan, don't rush to refuse."

John Madden said in a deep voice: "We have already been to Standard Chartered before we came here, and the directors of Standard Chartered have agreed to help."

Michael Kadoorie also said: "The Taipan should be very clear about how many people's interests we represent this time. Could it be that HSBC would rather choose to cooperate with Lin Baicheng and Hutchison Whampoa than with us?"

"Aren't you forcing HSBC to choose one of the two?"

Shen Congee's face was a little ugly. In the past, these companies looked at HSBC's face. When will it be HSBC's turn to look at the loan company's face?However, the four of them represent most of the British-owned families, and if HSBC loses these customers, it will really hurt the muscles and bones, so he really can't vent his anger.

George Swariya hurriedly said: "It's not to this extent, I just want HSBC to do a little favor."

"What do you want HSBC to do?"

Shen Congee's face looked a little better, but he still looked unhappy.

"Lin Baicheng himself and Hutchison Whampoa have a lot of loans in HSBC, right? We hope that HSBC can draw loans. In addition, we also hope that HSBC can reduce its holdings of Hutchison Whampoa stocks. We can secretly buy the reduced holdings at a premium. Shares, as long as HSBC can reduce its holdings and release the news, it will not damage HSBC’s interests.”

Henry Kessack said that they wanted HSBC to help, so of course they would not let HSBC bleed.They believe that with HSBC's position in Hong Kong, as long as it is reported that HSBC wants to reduce its holdings of Hutchison Whampoa's stock, it will inevitably deal a heavy blow to Hutchison Whampoa's stock price. There are a large number of stocks sold following the trend, and it is hard to believe that the funds in the tray can still support it.

Shen Congee said immediately after hearing the words: "Let's not talk about the shareholding reduction in advance, and it is absolutely impossible to withdraw loans!"

Henry Kessack immediately said: "The loan for Hutchison Whampoa's purchase of real estate was originally fully mortgaged by your two banks, but now you can say that this does not comply with the loan rules, so your bank needs to withdraw the loan. It will affect your bank's reputation a bit, but with the support of those of us, HSBC will not suffer."

"That's not the point!"

Shen Congee shook his head, looked at them and said, "I don't know if Standard Chartered told you that Lin Baicheng himself transferred about 30 billion Hong Kong dollars to the bank accounts of HSBC and Standard Chartered a while ago, and then transferred it away. It has been invested by the United States, but if he needs it, there should be no problem in spending no less than 20 billion Hong Kong dollars.”

"We also know about this, but his shareholding in Hutchison Whampoa has reached 49.9%. If he increases his holdings, he must fully acquire Hutchison Whampoa. And the highest price of Hutchison Whampoa in the past six months is Around HK$70, we don’t think he has the funds to make an acquisition, so he won’t increase his holdings.”

Michael Kadoorie said aloud, if they didn't investigate clearly, how dare they continue to short.They have even thought about it. If there is a huge amount of foreign funds to take over all the stocks, they will apply for an investigation of the shareholders of these stocks. The investigation is whether Lin Baicheng is secretly buying these stocks, but they do not go to the China Securities Regulatory Commission. register.

"I know that Lin Baicheng can't increase his holdings. What I want to say is not this."

Shen Congee shook his head when he heard the words, and said directly: "When Lin Baicheng bought Hutchison Whampoa, he bought 9000 million shares from HSBC. At that time, HSBC had an agreement with Lin Baicheng. 9000 billion Hong Kong dollars. HSBC’s own shareholding in Hutchison Whampoa is only 10%, or 15 million shares, and now HSBC has lent out 6000 million shares, exceeding HSBC’s own shareholding.”

"If HSBC draws loans from Hutchison Whampoa, it will definitely offend Lin Baicheng. Lin Baicheng will definitely not cooperate with HSBC again, and he has funds, so he can use 10 billion Hong Kong dollars to redeem his mortgage in HSBC. At that time, HSBC not only had no stocks to lend to you, but had to buy about 2000 million shares from the market, otherwise there would not be enough stocks to return to him.”

"That's why I said that it is absolutely impossible to withdraw loans, otherwise not only will it not help, but HSBC will become a long side."

HSBC is different from Standard Chartered. Although Standard Chartered has cooperation with Lin Baicheng and Hutchison Whampoa, there are not many cooperations. With the support of Henry Cassack and other British families, of course they can choose to abandon Lin Baicheng. At most, they will lose Lin Baicheng as a customer in the future. .HSBC can also abandon Lin Baicheng, but the price to be paid will be high.

"This is a little troublesome!"

Henry Cassack, Michael Kadoorie, George Swire, and John Madden couldn't help but frowned when they heard this, which was something they hadn't thought of before.They knew very well what Shen Porridge said was right, asking HSBC to withdraw loans would not work, and doing so would only be more detrimental to them.

Henry Kessack asked: "What if HSBC is to reduce its holdings of Hutchison Whampoa?"

"As long as a few people can convince the board of directors, I have no objection."

If it was just to reduce the shareholding, although Lin Baicheng would be very upset, HSBC just regretted it, and did not break up with Lin Baicheng, so Shen Congee did not insist.

"Let's go back and discuss it again. We will visit HSBC again in the afternoon."

The four of Henry Cassack discussed in a low voice, and then decided to go back and talk to the others before making a decision.

Of course Shen Congee would not keep them, but he also agreed to the four of them, that is, not to tell Lin Baicheng about the relevant matters.

(End of this chapter)