Since 1979 I have been in the tide of the times

Chapter 567
How many loans can be obtained by pledging shares depends on the amount of equity and the stock price.

From August 5000 to the present, the Hong Kong Island Stock Exchange's Hang Seng Index has fallen from a peak of more than 9000 points to more than [-] points now.

The stock price of Xiangyang Electronics fell from more than 60 Hong Kong dollars to more than 40, and the decline was not too bad.

In fact, foreign hedge funds have quietly built positions in the Hong Kong Island stock market and foreign exchange futures market more than a year ago.

Of course, their target of building a position is a constituent stock such as Cheung Kong Hutchison Whampoa Hong Kong Island Telecom, and Xiangyang Electronics is still an inconspicuous stock on the Hong Kong Stock Exchange.

And stocks like Cheung Kong Hutchison Whampoa fell even more.

If you want to use the shares of Xiangyang Electronics as a pledge, you must first raise the share price of Xiangyang Electronics.

So a month ago, Wang Weidong asked Li Yueshi to repurchase Xiangyang Electronics' shares in the secondary market. Since there were relatively few outstanding shares, the effect of the repurchase was immediate, and the stock price rose rapidly. Seeing the rise in Xiangyang Electronics' stock price, many buyers followed suit. Add fuel to the flames.

What the Hong Kong Stock Exchange lacks is not money but confidence. Many people suddenly discovered Xiangyang Electronics, a blue-chip stock, as if they had discovered a new continent.

Now the stock price of Xiangyang Electronics has returned to the high point in July.

Wang Weidong rushed to Hong Kong Island to meet with Li Yueshi, General Manager Liu of Bank of China Hong Kong Island.

General Manager Liu is the top leader of Bank of China on Hong Kong Island.

"Companies like Xiangyang Electronics are very welcome to join us in fighting against foreign speculators. Bank of China is willing to accept the pledge of Xiangyang Electronics' shares." General Manager Liu said.

"Now that you have made up your mind, let's go all out! We are going to pledge all the legal person shares." Wang Weidong said.

"This month, Xiangyang Electronics is completely different from the overall market. It has been rising. Is this because you are repurchasing stocks?" General Manager Liu asked.

"The most affected by this incident are the local companies in Hong Kong Island, especially those real estate stocks. We Xiangyang Electronics are not affected at all in the mainland. The current price of the stock is normal." Wang Weidong said.

"Because you have pledged all the legal person shares and the loan amount is too large, it will take a long time for us to do the verification, but I think two months is enough. This is also a support for your patriotic behavior!" General Manager Liu said.

The total amount of loans is several billion Hong Kong dollars, and two months is not too slow.

Wang Weidong and Li Yueshi left the headquarters of Bank of China Hong Kong Island, and Li Yueshi asked, "Boss, if you lose the bet this time, the whole Xiangyang Electronics will be lost."

"If you win the bet, you can save more than ten years of struggle!" Wang Weidong said.

As he spoke, he looked up at the tall buildings around him.

In the past six months, from Siam to the whole of Southeast Asia and then to Hong Kong Peninsula, I don’t know how many people jumped off the tall buildings.

"Recently there has been news from Vladivostok that the second-hand cars there are no longer available for sale. Thanks to you who left the principal of 100 million in advance, otherwise hundreds of second-hand cars can only be waiting in the open air. Depreciation." Li Yueshi said.

"Maybe this situation will pass in a year and a half. How much has your mansion on Hong Kong Island fallen?" Wang Weidong asked.

Hearing Wang Weidong's question, Li Yueshi's face became ugly. In half a year, her mansion on Hong Kong Island was almost cut in half, and she lost tens of millions of Hong Kong dollars!

"Miss Li, if we win the bet this time, we will slowly withdraw from the stock market and invest the funds in the property market of Hong Kong Island! You can go home now, I will go back to the hotel to rest and return to Fushan tomorrow." Wang Weidong said.

As soon as Wang Weidong returned to the Victoria Hotel, he received a call from Xiao Nan. On the phone, Xiao Nan told her everything Liu Hanlin had said to her, including Liu Hanlin's promise to give her 500 million yuan after the matter was completed.

"You can tell him that according to the information you have received, Haoli Real Estate is also very interested in these two pieces of land. I am willing to talk to Liu Hanlin, but it will take some time." Wang Weidong said.

If Haoli Real Estate and Liu Hanlin compete with each other, it is also a good result to compete for a high price.

Ji Peng's father came home after ten o'clock in the evening, and his son Ji Peng and his wife were sitting in the living room, as if they were waiting for him.

It is impossible for Ji Peng to be at home at this time, and he has already gone out to spend time and drink.

Ji Peng's mother ordered the nanny to prepare the meal immediately, and Ji Peng couldn't wait to ask: "Dad, is it true?"

This sentence is inexplicable without beginning or end.

But Ji Peng's father understood. He nodded and replied, "It's true. Lao Luo was taken away during the meeting in the afternoon."

"I heard that Chang was arrested a few days ago, but that vixen escaped!" Ji Peng's mother said.

Ji Peng's father frowned and said, "You women just like to inquire about such gossip, it's boring!"

Women like Ji Peng's mother hate vixen-type women the most. She ignored her husband's expression and continued, "I heard that vixen is very powerful. There are several men who fell on her! A vixen is a vixen!"

"I heard that Lao Luo just helped a little in the transfer of the expressway management right. The problem is not big. The main problem lies in the funds. Where did the 30 billion yuan that Chang Jingkun used to acquire the expressway management right come from? Yes!" Ji Peng said.

Speaking of this, Ji Peng also said with emotion: "Now that I think about it, it's better to hand over the operation right of that expressway to Xiangyang Electronics. At least they have money, and they don't have to dig holes for 30 billion yuan!"

"You misunderstood this matter. It is a highway that is making money every day! Can you guarantee that Xiangyang Electronics can completely stand the test? They have not had any problems since they started their business? You are still too young. Back then, Xiangyang Electronics It is wise for Electronics to decide not to take over the operation of that expressway!" said Ji Peng's father.

Seeing that his son didn't seem to understand, Ji Peng's father explained: "If you want to do it, do what others are unwilling or unable to do as much as possible! You should go around the things that everyone covets! Xiangyang Electronics invested so much Funds to purchase production lines and produce electronic tubes that others cannot produce seem exhausting, but no one will compete with him on this road, and this is the safest way to make money!"

The nanny arranged the meals, and Ji Peng's father walked out of the living room to eat.

In fact, he is in a very bad mood now. During the meeting, when Lao Luo, who had been a colleague for more than ten years, slowly stood up and walked out of the meeting room, everyone was in a bad mood.

Seeing that Ji Peng was about to go out, Ji Peng's father stopped his son and said, "Why don't you know how to grow up? Look at Song Yu, how much he has changed in these years! In the future, spend less time, think more, and learn more from others." !"

(End of this chapter)