Rebirth of the Strongest Tycoon
Vol 3 Chapter 1053: The first bargaining target
In the afternoon, Yumin Bank Malaysia, the parent company of Yumin Finance, once again sent representatives to negotiate with the Hong Kong government to learn more about Yumin Finance and Carrian Group in the economic fraud case.
In order to give the depositors waiting outside the Hong Kong government the truth earlier, and to bring the stock market crash to an end as soon as possible, MacLehose was very tough, urging the Legal Department and the Hong Kong High Court to prosecute Carrian Group and Yumin Finance, making it clear that they will be investigated to the end.
And in order to speed up efficiency, under the instruction of MacLehose, the Hong Kong High Court also invited the Hong Kong Standard Accounting Firm to join the bankruptcy liquidation team.
Xia Yu received the report from the Standard Accounting Firm for the first time, and he realized that this was the kindness of MacLehose.
This kind of thing that can greatly speed up the bankruptcy liquidation process of the Carrian Group and figure out the asset details of the Carrian Group in advance has many benefits. How can he not accept it?
For this reason, after finishing get off work in the evening, Xia Yu also specifically called MacLehose to chat about Sun Hung Kai Bank, and promised to let the standard accounting firm help.
In the next few days, several major events occurred in the banking industry.
The first thing that happened was that the HSBC bank followed the gourd and seemed to show its leading position. The bank put 1.2 billion Hong Kong dollars in cash in the center of the HSBC lobby, and the run crisis faced by HSBC was instantly resolved.
After learning the news, Xia Yu just smiled faintly and threw him aside, and Shen Bi could only rely on this little trick to maintain the prestige of HSBC.
He has been paying close attention to HSBC, but he knows that HSBC's money is still collected, and HSBC has also received financial support from the British parent company HSBC Holdings.
It's just that even though HSBC put out an extra 200 million Hong Kong dollars, it cannot conceal the fact that it is ranked behind Jiuding Bank and Standard Chartered Bank to resolve the run-up.
What's more, unlike Jiuding Bank and Standard Chartered Bank, HSBC is involved in both Carrian Group and Swire Group. Especially the amount of loans with Swire Group is huge. Anyone knows that HSBC will suffer heavy losses this time.
Therefore, although HSBC put out 1.2 billion in cash to prove its strength to resolve the run crisis, HSBC's stock price continued to fall along with the broader market, at best, the decline has slowed greatly.
In addition to HSBC in the banking industry, Xia Yu also learned that Hang Seng Bank and the Bank of East Asia were also raising funds urgently, and seemed to want to follow suit to resolve the run-out crisis.
HSBC is only the largest shareholder of Hang Seng Bank, so even if HSBC resolves the run-on crisis, Hang Seng Bank can only ease it slightly. If it wants to solve it completely, it has to rely on itself, and HSBC does not have excess funds to help Hang Seng Bank.
In the past few days, HSBC has lifted the run crisis, but five small banks have declared bankruptcy, raising the number of banks that went bankrupt in this stock market crash to eight.
The negative impact caused by the bankruptcy of five small banks is no less than that of a medium-sized bank, and even because the number has increased, the negative impact is even greater.
It can be said that the current Heung Kong banking industry is completely in a state of ice and fire!
...
Early in the morning on September 7.
Xia Yu was eating breakfast at home and reading the newspaper from time to time.
When I read from the "Fengyun Daily" that DuPont of the United States completed the largest acquisition involving funds in the history of the United States and privatized one of the oil giants ConocoPhillips as a subsidiary at a price of 7.4 billion US dollars, Xia Yu Some emotions.
"I am on the rise, and other consortia are not idle!"
"Compared with those established consortiums, my Jiuding consortium is still far behind. Petroleum has just been involved, heavy chemical industry is still at the door, and the military industry is still not moving. Most of the companies that are already involved are not strong yet. , Can only barely dominate in a region."
"We have to work harder..."
After putting down the newspaper, Xia Yu quickly finished breakfast, then sorted his clothes, picked up his clothes and headed to the company.
The new week is coming, and his bargain hunting operation should begin!
After bringing Liu Tianci, Wang Qi, Jason Gregg and others to the headquarters for a short meeting, the bargaining operation officially began.
At ten o'clock, the stock market reopened after a two-day break.
The Hang Seng Index fell slightly, from 621.75 to 619.23.
Subsequently, as many companies and wealthy individuals used funds to buy back stocks in the market, the Hang Seng Index kept fluctuating.
Many institutions and retail investors whose funds were locked up have finally seen the light, and they continue to sell their own stocks.
As for continuing to hold and waiting for the stock price to rise again?
Except for a few confident investors who think this way, other investors and institutions all rushed to clear the stock and fled.
The stock market crash is not over yet! The bank's run crisis continues, and many banks have extremely high risk of bankruptcy. The future of Hong Kong has not yet been determined. It is a pipe dream to expect a long-term rebound in the stock market!
It took six or seven years for the stock market crash in 1973 to recover. How can the stock market crash this time indicate how many years it will take to quell the impact? It is better to get the funds back as much as possible~www.ltnovel.com~ find other things to do...
At three o'clock in the afternoon, Xia Yu came to Henderson Land Development Co., Ltd. in a low-key manner and met Li Zhaoji who was waiting in the office while making tea.
"Mr. Li, good afternoon!"
"Mr. Xia, long time no see, please sit down!"
"Please have tea!"
"Thank you!"
...
After a few simple greetings, Xia Yu provoked the topic.
"Mr. Li, since this morning, many companies have started to buy back stocks. Henderson Land has much more funds than them. When are you going to buy back?"
Li Zhaoji didn't conceal it either. He smiled and said, "Just these two days, I'm not in a hurry."
Xia Yu smiled: "Yes, you have grain in your hand, so don't panic when things happen!"
Li Zhaoji shook his head and smiled: "Mr. Xia, don't laugh at me. Although my Henderson Land Development raised 1 billion Hong Kong dollars in June, it also spent a lot of money before the stock market crash. In fact, there is not much money now. Up."
"Nothing can compare to you, the God of Wealth, now there are still billions of dollars in cash in the lobby of Jiuding Bank!"
Xia Yu smiled, and said to himself: "It's just luck that there is so much money in the vault."
"Mr. Li, you also know that bank funds are operating at a high level. If my bank has been idle for one billion Hong Kong dollars, the interest loss alone will cost 80 million Hong Kong dollars a year."
Li Zhaoji agreed with Xia Di and smiled, not entangled in this topic anymore.
After a brief chat, Xia Yu's face turned straight and looked at Li Zhaoji solemnly.
"Mr. Li, I am here this time to buy something from you."
Li Zhaoji condensed his eyes, pondered for a moment and asked, "I don't know what it is?"
Xia Yu looked directly at Li Zhaoji and said softly: "Your company holds the equity of China Gas Company!"
ps: Seek recommended monthly ticket!
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