Hong Kong's new giants

Chapter 613 [First battle with international speculators] Ask for a monthly pass!

In September, the Hang Seng Index fluctuated between 14000 and 15500 points, fell to around 14000 points twice, and then rebounded technically twice, and finally stood at 15500 points at the end of the month.

In this environment, the daily trading volume of the Xiangjiang stock market is about 120 billion to 150 billion, which is 2 to 3 times larger than usual; and the investment of the "Lin Zuhui Family Office" was successfully closed from the Xiangjiang stock market. Within a month, 622 billion Hong Kong dollars were cashed out (the initial capital was 80 billion Hong Kong dollars).

In October, the Hong Kong stock market was dominated by profit-making in the first half of the month, and a large amount of profit-making funds fled. Finally, on October 10, the Hang Seng Index fell to 14 points.

At this time, because the financial turmoil has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places, some Hong Kong investors have noticed the seriousness of the situation and foresee that Hong Kong may also be attacked.

As expected, US-funded international hedge funds, which have always regarded Asia as a "cash machine", have already spotted the weakness of the Hong Kong dollar's "linked exchange rate", which has always been regarded as the cornerstone of Hong Kong's economy and finance, and began to move to Hong Kong. Financial 'War [-]' is approaching.

Wednesday, April 10.

New Era Group.

At around 1:[-] p.m., Lin Zuhui was reviewing documents in the office, and saw that he moved quickly, nearly twice the speed of normal people; don’t think he is a sloppy person, but his eyes and mind are different from ordinary people. Just his normal productivity.

"dong dong"

Assistant Li Ke walked in and reminded: "Boss, the official land auction will start in 45 minutes, you can consider leaving!"

Lin Zuhui looked at the Earl Aura watch on the desk, put it on his hand, and closed the file.

Watches have been with him for many years, and he only has two or three watches of different brands, which were bought when he made his fortune. Later, the money increased, but he was not interested in these.The same is true of almost all luxury goods. When he first made his fortune, Lin Zuhui also bought and bought; later on, he made more and more money, but became less interested.

"Let's go, let's see how everyone feels!"

Li Ke didn't speak, but just showed a relaxed smile. Under the leadership of the boss, the company had already seen the danger, which made New Times Group sit firmly on the Diaoyutai.

Walking out of the office, Chen Bin and several senior staff greeted him, and everyone gathered and set off together.

Lin Zuhui became interested in this official land auction, and planned to go to the auction in person to see the "jokes" of his peers; of course, he was really interested in a piece of land in this official land auction, so he hadn't participated in the auction in person for a long time He also plans to go around today.

This official land auction is the first week after Mr. Dong delivered the policy address. The Hong Kong government first launched three pieces of land located in Tuen Mun, Da Pu, and Kowloon Bay. Among them, the area of ​​Da Pu is 3 hectares (9.12 square feet). It is the largest auction lot on record in Xiangjiang.

A group of people took a car and came to the auction site of the official land in Central. The reporters at the door were surprised to see Lin Zuhui's motorcade. After all, Lin Zuhui hadn't held an auction in person for several years, and they were both Chen Binyi, the president of New Era Group, or Liang Zhenxun, the executive director. Do it for you.

For a while, all the reporters began to discuss without being able to interview Lin Zuhui himself.

"Could it be that Mr. Lin Zuhui is optimistic about the property market in Xiangjiang?"

"Improbable! The New Era Group has cashed out tens of billions of dollars in real estate in the past six months. It is obvious that the real estate crisis is coming!"

"That's right, plus the financial crisis broke out in Southeast Asia at this time, and I don't know if Xiangjiang can avoid it. At this time, the major real estate developers are probably trembling!"

The reporters had a heated discussion. After all, about Lin Zuhui, who doesn't like to join in the fun!

When Lin Zuhui came to the auction, the masterminds of the major real estate developers were stunned, and then came forward to say hello.At this time, almost all major real estate developers are second-generation, such as Zheng Jiachun of New World, Huang Zhixiang of Sino Land, Li Jiajie of Henderson, Guo Bingjiang and Guo Binglian of Sun Hung Kai, and Li Zekui of Cheung Kong.

"Lin Sheng came to the auction in person, what a rare visitor!" Zheng Jiachun was the first to greet him with a smile.

Although everyone is friends, they are actually "respectful titles", very polite!

Lin Zuhui said with a smile: "Come here and see if you can catch the leak!"

Everyone was stunned for a moment, and then they laughed hard, after all, they wanted to give Xiangjiang's 'boss' face!Lin Zuhui's words are also very interesting. The implication is that the major real estate developers must be trembling at this time, and they will no longer be 'arrogant'.

From 1996 to 1997, the major real estate developers had enough to eat and won a lot of tens of billions of projects, but at this time they were already a little panicked.

For example, Sino Land acquired the land at the beginning of this year. The land price per square floor alone is about 6000 yuan. If construction costs are added, the cost is 8000 yuan. If you want to make a 10000% profit, you need to sell it at a unit price of 4000 yuan at least; In fact, the housing price of Xiangjiang will soon fall to about 5000~[-] (normal situation), so Sino Land will suffer a lot of losses. Although it will not go bankrupt, it will also affect the development of the company.

Lin Zuhui guessed that everyone's mood was trembling, so he decided to see if he could miss the Dapu area.Of course, when the price was too high, he immediately gave up. After all, real estate hasn't really plummeted yet!
Everyone chatted for a few words, and then each found a seat and sat down. There were not many consortiums who came to bid, and there was no foreign investment.

Auction starts.

When the land in the Dapu area was auctioned, everyone couldn't help but use the New Times Group as a reference and wait and see the bidding frequently.

And Lin Zuhui is a very normal quotation. With the mentality of picking up the leak, he has been shouting the price of this land to 56 billion yuan; the average land price of this price is already 4800 yuan, and the construction cost is about 6500 yuan. Before October, the property prices in Xiangjiang still had a lot of profit (unit price of 10000 yuan), but it is obvious that Xiangjiang real estate is on the verge of plummeting, so this price is trembling for many real estate developers. Don't dare to bid again.

In the end, New Era Group successfully won the land.

Of course Lin Zuhui knew that this piece of land would not make much money in the past five years, but he could make a lot of money by covering it up a little.Moreover, during the period from January 1996.1 to August 1997.8, the price was already two to three times cheaper.

This piece of land, even if the money that was not spent this year is used to make up for it, it can still be saved by [-] to [-]%. What's more, Lin Zuhui also likes to do this kind of large-scale housing projects.

After the largest piece of land was won by the New Times Group, the major real estate developers seemed to regain some confidence and began to compete for the other two pieces of land.

Among them, Li Zeju performed the best. At this time, his thinking was that since Lin Zuhui came to acquire the land, it meant that Xiangjiang Property would not collapse; moreover, Cheung Kong's cash flow was also good.

In this way, the remaining two parcels of land were taken by Cheung Kong Group, and the price must be much lower than before; but compared with the current market environment, it is considered ideal.

In the afternoon of that day, the news of the official land auction was published in the Evening News. The appearance of Lin Zuhui could be regarded as slightly stabilizing the prefecture market;

new York.

Soros sat in the office of the Quantum Fund, looking very relaxed and calm. At this time, his assistant came to his office.

"Boss, all the work of Xiangjiang is ready, and the major Wall Street institutions are also fully prepared. Just waiting for your order, Xiangjiang Financial will plummet!"

Soros nodded, and said: "Xiangjiang has the third largest foreign exchange reserves in the world, obviously it can't deal with Thailand, the Philippines, and Malaysia, so our initial goal is not the Hong Kong dollar, but the Hong Kong stock market."

The assistant said with a smile: "We have set up many traps in the foreign exchange, stock, and futures markets, and shuttled flexibly. The Xiangjiang government will not be able to deal with it anyway, so Xiangjiang will be the same as Southeast Asia."

Soros shook his head and said: "We can't deal with Xiangjiang in a pinch, so I have expected that Xiangjiang will have to attack several times in order to truly make its financial collapse. Of course, I am very confident that Xiangjiang is still our Wall Street leader." 'ATM'. I'd like to see what that stock god can do in the face of Xiangjiang's financial collapse!"

"Stock God" Lin Zuhui is more famous than Buffett on Wall Street. Netscape, Yahoo, Amazon and other Internet companies have been listed one after another, and Lin Zuhui, a venture capitalist, has surfaced; The important shareholder of the company has made him famous; what's more, the growth of Lin Zuhui's wealth is even more legendary.

The assistant said seriously: "He won't think of a way, because he has no way. But he is really powerful. It is said that his stock investment frequently cashed out in July and August, and his sense of smell is not usually keen. Moreover, his real estate company closed in the first half of the year. Has sold properties frequently and is said to have made a lot of money.”

Hearing this, Soros was a little disappointed. It was a pity that he did not defeat Lin Zuhui head-on.You know, everyone on Wall Street knows that Lin Zuhui is a constant victor in foreign exchange, index futures, gold, and oil, and he can be called an idol on Wall Street.Assuming that Lin Zuhui was an American, he would have already been praised to the sky.But Lin Zuhui is Chinese, so people on Wall Street can't wait to beat Lin Zuhui, but the difficulty factor is too high.

"To defeat Xiangjiang's finance and economy is to defeat Lin Zuhui. After all, Xiangjiang is his stronghold!"

"Certainly possible!"

A new week is here.

On October 10 (Monday), international speculators began to launch a violent attack, selling Hong Kong dollars and selling Hong Kong stocks, thus driving up the interbank interest rate of Hong Kong Bank, which caused extreme anxiety and panic among investors, and the Hang Seng Index plummeted immediately, even on Monday 21 points.

The next day, Morgan Stanley, sympathetic with international speculators, publicly stated that it reduced its investment in the Asian market, and pointed out that the Asian stock market is already in a dangerous down cycle, and the second wave of decline in the Asian stock market will even be driven by Hong Kong.

New Era Group.

In the office, Lin Zuhui saw Morgan Stanley's 'scaremongering' and couldn't help but lament the strength of American finance.They have the final say on any credit rating and upgrade. If they downgrade you, your stock market or stocks will fall.

Take Morgan Stanley as an example. Its remarks are enough to make [-]% of Hong Kong investors panic, and it is just an investment bank in the United States. That's it. NB.

Sure enough, the Xiangjiang stock market plummeted 570 points again that day, and panic spread again for a while.

In the evening, Lin Zuhui summoned the 'Finance Ministers' of his five listed groups for a meeting.

In the conference room, Lin Zuhui said: "According to the current trend of the Xiangjiang stock market, you should prepare and issue an announcement tomorrow evening to inform our shareholders of the company's cash flow and overseas securities investment, and remind them not to sell our stocks at will, so as not to cause damage. Unnecessary loss."

At this time, the Hang Seng Index has fallen to 12600 points. Judging from this situation, it will fall even more fiercely on Wednesday and Thursday. It is expected that it may fall below 10000 points.

This wave of offensive is too fierce, and Lin Zuhui is also worried that the changes will be too great. If he does not respond in time, it will cause serious consequences.Moreover, the first wave is already so fierce, there will be two more sniper attacks next year, how tragic it will be then.

Therefore, let's keep the stocks of our listed companies, and hope that this will drive the Hang Seng Index to rebound.

Liang Zhenxun, the 'Finance Minister' of New Era Group, said: "Well. The stock price of New Era Group has fallen by nearly 4800% from the peak of 3950 billion. Today's closing price is only 4000 billion, and it has fallen below 1500 billion. It is too sharp. You know, our cash plus stocks are more than [-] billion, and there are a lot of assets in Europe and the United States.”

The other financial staff couldn't help but be astonished, why is Big Brother so good?

Wanhui Media's 'Finance Minister' Zhao Han said: "Our cash flow home US stock market value has exceeded 100 billion, and the market value has fallen below 300 billion, which is not worth it for shareholders."

All the finance ministers exchanged ideas one after another. Anyway, the group has to make an announcement. It is naturally possible for everyone to exchange ideas with each other.On the whole, the minimum cash flow of each listed group is 100 billion plus the market value of European and American stocks.

After some exchanges, everyone discovered that the boss seemed to have expected today, so in recent years, the company has ensured sufficient cash flow; at the same time, the company's cash flow has been invested in stocks overseas, especially in Europe and the United States. .

What does this mean?
It shows that the boss seems to have anticipated the Asian economic bubble, so he allocated assets in Europe and the United States to share possible risks.

God!

Everyone thought of it with admiration.

In the end, Lin Zuhui said: "This announcement is not to let stockholders go against the trend, but not to easily hand over their bargaining chips to stabilize the stock price of our own company, so you should control the scale."

"Okay, boss!"

After the meeting with several finance ministers, Li Hao, the investment manager of the family office, also came to Lin Zuhui's office.

Lin Zuhui said to him: "If the Hang Seng Index falls below 10500 points, you should prepare at least 200 billion Hong Kong dollars to enter the market and buy those blue chip stocks. Make sure that the Hang Seng Index will not fall below 10000 points."

After much deliberation, he finally thought that if he "doesn't earn the last copper coin", then he should also "not make the lowest bottom".

In the first incident of international speculators attacking Xiangjiang, he must also have a bottom line, which is 10000 points.

Li Hao nodded and said excitedly: "No problem, I will definitely arrange it!"

He understands that the boss must be optimistic about Hong Kong's future economy, so this time the home office's Hong Kong stock funds are currently set at 15700 points on average, and now 10500 points are received back partly.

Of course, the premise is that the boss is optimistic and optimistic about Xiangjiang's future economy.

In fact, there is no need to question this. The boss is the "commercial governor" of Xiangjiang. He is not simply making money in Xiangjiang, but building Xiangjiang. , as well as the boss's donations to various universities in Hong Kong, and the idea of ​​the "Cyberport" project, etc., all of which can show that the boss has a very deep affection for Hong Kong.

"Keep a low profile and don't expose the family office!"

"Ok!"

The investment of the family office adopts the principle of offshore and decentralization, and they just don't want outsiders to know the specific situation of Lin Zuhui's assets.

At the same time, the Hong Kong Monetary Authority is only passively responding. The measures are to raise short-term loan interest rates, sell US dollars to absorb Hong Kong dollars, and raise interbank offered rates. The rise in interest rates will increase the cost of speculation.Therefore, although this move is passive, it also restricts international speculators.

But what is certain is that the international speculators will get a lot of profits (billions of Hong Kong dollars); but the original intention of the international speculators is to defeat the Hong Kong dollar exchange rate in Hong Kong, so it is hard to say who will win and who will lose.

It can only be said that compared with Thailand, the Philippines, and Indonesia, the situation in Xiangjiang is better.

The next day (Wednesday), the Hang Seng Index plummeted again by 760 points.

However, it is an ironclad fact that the hedge funds did not crush the Hong Kong dollar in the first round of sniping.

In an office building in Central, international speculators gathered together to discuss today's strategy.

Soros of the Quantum Fund also personally came to Xiangjiang to sit in charge.

"For three consecutive days, we have sold nearly 600 billion Hong Kong dollars. However, Hong Kong has a lot of foreign exchange reserves, so the Hong Kong dollar has not been defeated. Tomorrow we will launch another fierce attack and make the Hang Seng Index drop by at least 1000 points." Soros said calmly.

A group of international speculators were extremely excited. Defeating the "Four Tigers" in Asia is not a record, but defeating the "Four Tigers" in Asia is a real achievement; therefore, defeating Xiangjiang is an exciting thing.

"No problem, launch a fierce attack today, everyone will work together to defeat the Hong Kong exchange rate and the Hong Kong index."

Everyone showed cruel smiles.

However, what they don't know is that the five listed companies under Lin Zuhui have held press conferences one after another, and are preparing to issue an announcement in tomorrow's morning paper.

Among the five listed groups, four are blue-chip stocks, and Octopus Bank, which is not a blue-chip stock, is not lacking in strength, but has just been listed.In terms of strength, Octopus Bank can certainly be regarded as a blue chip stock.

The important thing is that Lin Zuhui's five listed companies account for more than 15% of the total market capitalization of Xiangjiang stock market, which is the best strength.To be honest, if Lin Zuhui publicly confronts international capital, it is almost impossible for the Hang Seng Index to be below 11000 points in this round.In addition to the huge cash flow of his various listed companies plus European and American stocks, what is more important is that Lin Zuhui has the attribute of 'leadership'.

And the reason why Lin Zuhui didn't publicly jump out to challenge international capital is because he also wanted to cool down the Hong Kong stock market and prefectural cities, so that he could buy the bottom.

(End of this chapter)