Year: I had a good time when I was young

Chapter 909 Eat the meal one bite at a time

Even if the Malaysian Securities Administration has a grudge against him, it would not risk being targeted by all shareholders by doing something secretly at this time.

After Juan left, Hader wanted to say something to Zhang Tianzhi, but Zhang Tianzhi shook his head and said, "The boss said that we can talk about it after the first wife gives birth."

Hader couldn't help but roll his eyes, but he could also understand Chu Xiangqian.

The reason why the head of the Civil Service Bureau came to him at this time was simply to beg for alms to save those Chinese banks in crisis and stabilize the exchange rate of the Hong Kong dollar.

In order to prevent the Hong Kong dollar from plummeting, London will eventually need to mobilize a large amount of pounds to stabilize the exchange rate.

Otherwise, if the Hong Kong dollar plummets, people like Chu Xiangqian who are good at speculation will definitely short the Hong Kong dollar.

He only needed to use the more than 2 million pounds he held as collateral and borrow Hong Kong dollars from Standard Chartered, HSBC, or even banks in London.

Once the exchange rate falls below 1 pound to 16 Hong Kong dollars, the 3.2 million pounds can be exchanged for more than million Hong Kong dollars.

If market confidence falls below the psychological expectations of ordinary people and investors, the exchange rate will fall very quickly and by a large margin.

Falling below 1 to 20 would be considered a minor incident.

Even if the Hong Kong government and London gritted their teeth and maintained the exchange rate of 1:16, Chu Xiangqian only needed to find an underground money changer in Hong Kong Island. Not to mention 1:20, there would be people willing to exchange even at 1:25.

Even if an individual is alone, he may only exchange 100,000 or 300,000 Hong Kong dollars, but the money house will take a commission.

In addition, Chu Xiangqian could create news in the newspapers that the Hong Kong dollar would fall further, and continue this news for many days, and find some economists to create momentum.

Three to five hundred million Hong Kong dollars can be easily exchanged.

By the time London takes action to stabilize the exchange rate, it will be easy to make a profit of 80 million or even more than 100 million Hong Kong dollars in difference.

Fortunately, Chu Xiangqian has already made Hong Kong Island his base. Not only can he not make some money, but when necessary, he also needs to stand up and stabilize the Hong Kong dollar exchange rate.

In the long run, the benefits are far greater than the price difference.

Just using pounds to buy some banks and buildings owned by local wealthy businessmen would bring greater prospects than making 100 million or 200 million Hong Kong dollars at this time.

As for which Chinese bank or banks to save, there are many issues involved.

Only these banks know what is going on inside.

Unless Chu Xiangqian is a fool, he would not jump out to save the market at this time.

Even if he wanted to rescue them, he would only spend money to buy the prime real estate held by these Chinese families, not the entire bank.

Otherwise, a large amount of losses will be transferred to your hands, and you will become a fool with a lot of money.

Hader shook his head helplessly, knowing that it was meaningless to pester Chu Xiangqian at this time.

Fortunately, in his opinion, at this time only two Chinese banks declared bankruptcy, and there were queues of people to withdraw money at four Chinese banks, rather than a run or cash withdrawal trend.

So although Hader was aware of the crisis, he thought that this was a market behavior and the Hong Kong government had a lot of foreign exchange.

When you really need support, then look for Chu Xiangqian. This guy will definitely buy a large amount of high-quality real estate at a low price.

When Chu Xiangqian enters the market, I can follow him and get a share of the pie.

Only Ho Chan-yuan of Hang Seng Bank truly felt at this moment that Hang Seng Bank might be the next to be run.

It is even hard to say whether Hang Seng can hold on this time.

Although Chu Xiangqian has been increasing his holdings in Hang Seng's shares in recent years, he has become Hang Seng's largest shareholder this year.

But what Chu Xiangqian invested was nothing more than the interest on the gold deposited in Hengsheng.

It can be said that the cost is extremely small.

He was asked to use his own fortune to save Hang Seng, but other shareholders did not express any interest and no one would do this.

However, Chu Xiangqian is the largest shareholder after all, and He Zanyuan knows that he is not short of money.

They will definitely be rescued, but how to rescue them and what the rewards will be are what Chu Xiangqian cares about most now.

So even if Zhang Tianzhi stopped him from entering, He Zanyuan would still stay here. After all, there were many vacant rooms in the villa-style ward.

If you want to take a rest, there is a small reception room next to the living room where you can even sleep on the sofa.

Although He Zanyuan was worried about the future of Hang Seng, he was actually quite happy in his heart.

When the Great Wall Hotel opened last year, Chu Xiangqian mentioned his bearish forecast for real estate to his partners including He Zanyuan, He Zanxian, He Chaosheng, Zheng Yutong, Ye Xiaoli and Zhao Congyian.

Therefore, these people have been slowly cutting unnecessary businesses and withdrawing funds since the middle of last year.

Although Chu Xiangqian’s judgment has nothing to do with the banking crisis, the drop in land prices is inevitable.

This indirectly means that Chu Xiangqian’s judgment is correct.

Whether it was luck or strength, Chu Xiangqian was right.

Moreover, luck is actually part of strength. In fact, in the eyes of many people, luck is more important than strength.

Now the situation is just as Chu Xiangqian said, so all we have to do is wait for Chu Xiangqian to take action and follow him to eat the meat.

If you are lucky, it is not difficult to earn 10 or 20 million.

It is even possible for personal assets to double in a few years.

But all this depends on when Chu Xiangqian takes action.

Also, when it comes to playing, are you willing to bring everyone along to play?

Otherwise, the opportunity to make a lot of money was right in front of him, but he failed to catch Chu Xiangqian's car. In the end, he should have made 2 million, but only made 1 million.

Just thinking about it can make people make money, but it makes them regret it more.

So He Zanyuan made up his mind that if Chu Xiangqian didn't want to see him, he would not leave.

At worst, I can stay here and wait for Xue Jinglan to give birth to the baby.

At that time, I went to his house to congratulate him on the pretext of something, and I had no choice but to meet him.

At night, this guy even called home and asked his family to send him some clean clothes.

Then he simply booked a ward here, washed up and had his meal, and asked his eldest son He Zhiyuan, who had brought clothes for him, to call He Zanxian.

The two brothers planned to block this place together.

My reputation is not as great as my eldest brother's, so it is understandable that Chu Xiangqian does not see me.

He Zanyuan didn't seem angry at all.

But the eldest brother has been helping Chu Xiangqian to continuously purchase gold in the past few years, and during the more than one year of operation of the Great Wall Hotel, the people of Macau Grape Bud did not cause any trouble.

This is also due to the contribution of my eldest brother He Zanxian.

Moreover, most of my eldest brother's business is in Macau, and I live in Macau all year round, so I can help Chu Xiangqian keep an eye on He Chaosheng.

Sure enough, when He Zanxian rushed over from Macau, Chu Xiangqian could no longer avoid him.

After thinking about it, he simply asked Zhang Tianzhi to call He Chaosheng, Zheng Yutong, Ye Xiaoli, Zhao Congyen and He Yisheng from the newspaper.

If one wants to stir up trouble, the media cannot be involved, so Chu Xiangqian naturally has to call He Yisheng from the Oriental Press Group over.

An hour later, even He Chaosheng from the Macau Great Wall Hotel came over by helicopter. Seeing that he was the last to arrive, He Chaosheng hurriedly clasped his fists to apologize to everyone, then smiled and asked Chu Xiangqian, "Mr. Chu, this time I really admire you."

Chu Xiangqian smiled and waved his hands, clapped his hands at everyone and said, "The opportunity to make money is right in front of us. It can be said that as long as there is a large-scale run on the bank, housing prices will inevitably plummet.

At that time, you could easily make 30% to 50% profit by buying some high-quality properties with your eyes closed and waiting for housing prices to recover.

But I believe that everyone is not willing to just make this little money. "

Everyone naturally nodded repeatedly, otherwise, there would be no need for everyone to gather around Chu Xiangqian.

According to what he said, just wait for housing prices to drop and then start shopping.

Chu Xiangqian looked at He Zanyuan and said, “I don’t even need to ask Mr. He Er to know that with the aggressive business strategy of Hang Seng in the past few years.

There must be a lot of money loaned to the Chinese real estate industry.

When the first customer who cannot withdraw money from Hang Seng Bank appears, he will face the same fate as Mingde Silver Bank and Guangdong Trust Commercial Bank. "

He Zanyuan nodded with a somewhat unpleasant expression, and then hurriedly said, "Mr. Chu, you are also a shareholder of Hengsheng, and the largest shareholder.

I don't believe you will sit idly by and watch Hang Seng go bankrupt.

As long as you are willing to invest, I and my eldest brother will hold 4.7% and 6.4% of the shares respectively, plus Mr. He Wenli will hold 11.3% of the shares.

The combined shareholding of the four of us alone has reached 48.9%.

Once this crisis is over, we will absolutely support you and increase your shareholding to 34%.

This is what you have been hoping to achieve over the past few years.”

Chu Xiangqian frowned and thought for a few seconds, then nodded without hiding anything.

In the past few years, I have been able to continue to acquire so many shares, but there is actually a restriction, that is, without the permission of the board of directors, the number of Hang Seng shares I hold cannot exceed 33.4%.

To put it bluntly, everyone hopes to gain Chu Xiangqian's support and use the gold he deposits in Hang Seng as a reserve.

When the property market is on an upward trend, or even in a hot bull market, a large amount of loans are given to real estate developers.

We have indeed made a lot of money in the past few years, and the market value of Hang Seng has skyrocketed from 61 million in 4 to 64 million in 1.4.

In April of this year, that is, 65, the market value of Hang Seng once exceeded 1.7 million.

However, the price of gold is also rising, so the interest Chu Xiangqian should receive every year will also continue to increase.

Over the past few years, the amount of interest exchanged for shares each year has basically been between 4% and 5%.

In just over four years, he obtained 18.75% of the shares by simply exchanging interest for shares.

Now that he has become the largest shareholder, even a fool can tell from the other shareholders on the board that he wants to control Hang Seng.

In this case, if we don’t take action now, it would simply mean that we feel the rewards are not enough.

Moreover, he has enough cash on hand to allow the market value of Hang Seng to fall, but others do not have such sufficient capital.

In particular, the brothers He Zanyuan and He Zanxian already have 20 to 30 million in cash.

The two brothers were absolutely unwilling to invest the money to stabilize Hang Seng.

That is why they were willing to give up part of their shares and interests, allowing Chu Xiangqian to support Hang Seng, and then use the 20 to 30 million Hong Kong dollars in their hands to make more money with him.

Chu Xiangqian thought about it and made a phone call on the spot to call all the shareholders of Hang Seng.

Sure enough, after only the third call, a shareholder was willing to sell him 1.5% of the shares for a market value of 2.5 million.

After a few more phone calls, I easily got a total of 7%.

As long as the transfer is completed, his shareholding will reach 33.5%.

Although at this time even if the market price is 1.4 million or even 1.2 million to acquire the shares held by other shareholders, some shareholders who are under great financial pressure will grit their teeth and agree.

But it was only 7%, which was just over 1 million Hong Kong dollars more.

Chu Xiangqian still remembers in his previous life that when Hang Seng couldn't bear it anymore, he sold 5% of its shares to HSBC for 51 million.

Therefore, his first priority at this moment is to obtain these 7% shares and gain a veto power.

If you want to get more shares, there will be plenty of time and opportunities in the future.

Moreover, obtaining a 51% controlling stake at this time would make other shareholders worried and discourage investors.

Although everyone wants to do business with Chu Xiangqian, no one wants him to have the biggest piece of the cake.

One third and half, the difference is still huge.

It’s better to take it slow. There will be plenty of opportunities in the future.

Chu Xiangqian looked at the brothers He Zanyuan and He Zanxian and saw them shrug their shoulders, indicating that they had no objection.

He immediately called He Wenli again. The old man was helpless but had to support Chu Xiangqian's increase in shares at this time.

It’s not that He Wenli has no money, but at this time, few people can treat cash as money like Chu Xiangqian.

The family’s other businesses will inevitably be affected, so the safest approach is to keep some cash and observe.

Moreover, if Chu Xiangqian acquires more Hang Seng shares, shareholders such as He Wenli can focus their funds and energy on other businesses.

Buy on dips and you can still make a profit.

In fact, the more Hang Seng shares Chu Xiangqian bought at this time, the more optimistic he was about the prospects of Hong Kong Island.

Chu Xiangqian immediately called Huang Weixin and Huang Dazhuang and asked them to bring a team of accountants and assistant lawyers to find those shareholders to sign an agreement overnight.

Then he looked at He Yisheng at the newspaper office and said, "Asheng, call the newspaper and tell them that I have increased my stake in Hang Seng to 33.5%.

If necessary, it will provide Hang Seng with 2 million pounds in cash as collateral.

Borrow HK$3.2 million from Standard Chartered or HSBC, two note-issuing banks, to support Hang Seng.

He Yisheng nodded quickly, walked forward quickly, picked up the phone and called the newspaper.

When the employees who stayed in the newspaper heard from the general manager that their boss had acquired 33.5% of Hang Seng's shares and was willing to provide 2 million pounds to support Hang Seng,

Surprised and ecstatic at the same time.

By the time tomorrow’s front-page story is ready, the news will inevitably get out.

Early in the morning, some newspaper employees ran to line up, intending to withdraw money from other banks and deposit it into Hang Seng.

As for why these employees didn’t deposit their money in Hang Seng or Standard Chartered before, it’s not that they are stupid.

Rather, in the past few years when the real estate market was booming, some Chinese banks dared to offer deposit interest rates of 8% or even 8.9% in order to attract customers and increase savings.

Standard Chartered and HSBC only have a rate of around 4%, which is almost twice as much. Some people deposit their money in small and medium-sized Chinese banks despite knowing the risks.

And now, the big boss has invested 2 million, equivalent to 3.2 million Hong Kong dollars, and published an advertisement in the newspaper to publicly support Hang Seng.

If you don’t take out your money and deposit it into Hang Seng at this time, you’d be a fool.

(End of this chapter)