The Son of Finance of the Great Age

  Chapter 525 Stanley's attack

  Two months ago, Hong Kong Stanley released a macroeconomic research report that attracted great attention from the market. In this report, Hong Kong Stanley Company first reviewed the changes in the Hong Kong capital market since 1998, especially focusing on the changes in dozens of heavyweight shareholders, and then talked about the economic policies of the Hong Kong government and the external environment of Hong Kong in recent years. After the environment, the writing changed immediately, hinting between the lines that Hong Kong's economy has been kidnapped by big conglomerates.

Among the several major holdings, Stanley's report highlighted several offshore financial companies. Although these financial companies are controlled in a chain, it is difficult to find out the actual controllers behind them, but Stanley is really powerful. The article does not clearly indicate who the actual controller is, but it is implied between the lines that these are subsidiaries of a super chaebol group.

  In addition to pointing out these sensitive contents, this article also mentioned the current real estate hegemony. The article did not directly point out the eight major real estate companies, but also pointed the finger at the list of shareholders of these listed companies. Although the major shareholders of these large real estate companies are the founders or their families, the offshore financial companies mentioned above coincidentally appear in the list of the top ten shareholders. It’s not much to say, but in the article, it is specifically mentioned that after the high-tech bubble burst, whether it was a rights issue or a split, the proportion of shares held by these offshore financial companies has not changed.

  Obviously, what the article wants to show is that no matter what small actions they make, the efforts of these listed companies to dilute or reduce the shareholding ratio of each other have all failed. This also shows the strong financial resources behind these offshore financial companies from the other side.

  Due to the rapid development of the Hong Kong capital market in recent years, it has become one of the best financing markets in the world. Many state-owned enterprises and super large groups from the Mainland tend to choose to go public in Hong Kong for financing. Therefore, the article also introduces the financing situation of heavyweight companies listed in Hong Kong over the years, and looks forward to the future. This part of the original summary of the investment banking business also strangely mentioned some situations that others are likely to ignore, that is, many large companies, especially IPOs with a financing scale of tens of billions of dollars, have also appeared Certain "unidentified" cornerstone investors. These financial companies that are also registered offshore are unknown, but they are equally rich and powerful. Billions of Hong Kong dollars or even tens of billions of Hong Kong dollars are spent almost without blinking an eye, and they become shareholders of these super companies. One of them, and these fortunes have grown to varying degrees after listing.

Although these are all legal activities under the scope of legal supervision, Stanley Hong Kong concluded that no matter who controls these offshore financial companies, from the perspective of financial stocks, real estate stocks, red chip stocks, etc., It is very likely that Hong Kong's economy is in the hands of an unknown super consortium.

   What is even more appalling is that, after comparing the history and recent holdings, Stanley Hong Kong came to an astonishing conclusion that this super consortium is quietly withdrawing from Hong Kong. In the past three months, these offshore financial companies have reduced their holdings by an average of 19.7%, among which the stocks in the financial industry have reduced their holdings the most, reaching 35.2%, followed by the real estate industry, reaching 22.8%.

  At the end of the article, Stanley Hong Kong concluded that although there is no evidence that these offshore financial companies are engaged in illegal money laundering activities, or insider information, etc. If these behaviors are regarded as normal commercial behaviors, does such a large-scale divestment indicate pessimism about the prospects of Hong Kong's economic development, or that the Hong Kong government's policies will undergo major changes, and some people or groups will After receiving the news, it led to the current evacuation.

  As soon as the news came out, it immediately caused an uproar. For a while, the financial section of the newspaper was full of gossip about the identity of this mysterious consortium, and the Hang Seng Index was affected by this news, and fell by 1420 points, which was cloudy for a whole week. After the actual announcement, it turns from red to green.

And in this report that almost swept across Hong Kong, Zhong Shi's name was naturally mentioned several times, and dozens of media made interview requests to Tianyu Fund, all of which were rejected by the public relations department. To some extent, it has aggravated people's suspicion that Zhongshi is the backstage of the mysterious consortium.

As a result, Tianyu Fund's cash-out plan was naturally interrupted abruptly. Afterwards, when they cashed out again, every trader was cautious. Apart from selling stocks in the "dark pool", it was through face-to-face Looking for someone who is willing to take over, and not operating in the open market, this made them lose a certain amount of money to some extent.

The most coincidental thing is that shortly after Stanley Hong Kong published this article, there were drastic personnel changes in Stanley Hong Kong, and many senior executives, including the Asia-Pacific Federation, resigned one after another. Even the managing director I also left several times, it can be said that it has changed a layer of blood. The newly appointed Asia Pacific Co-President and CEO of Stanley Hong Kong, Ms. Liang Hong, made it clear that she would work hard to improve performance and change the cultural atmosphere in the Asia Pacific region at the beginning of her tenure. The implication is to accuse the predecessor of poor performance and a problem with the cultural atmosphere.

  In private, she even visited Zhong Shi in person to apologize to the former "King of Hong Kong". The other party is very clear about who the real target of this article is, and as the new boss of Stanley Hong Kong, maintaining a good relationship with Zhong Shi is the most important thing, after all, the direct commission that the other party can bring to Stanley Hong Kong every year It can reach billions or even tens of billions of Hong Kong dollars, and Zhongshi can potentially influence the choice of a group of wealthy brokers, which is not what lowering the commission rate can bring.

  Although maintaining the customer channel is the main job of the salesmen, if the customer is too heavyweight, Liang Hong, the CEO, will not be condescending if he personally steps in. What's more, in addition to the brokerage channel, Stanley Hong Kong still has to rely on Tianyu Fund in terms of PE, IPO foundation investor finalization and new share subscription.

  With no troublemaker, and the other party's posture is very low, Zhong Shi and Liang Hong naturally had a good conversation. As a compensation, Liang Hong agreed to reduce the commission rate of Tianyu Fund by one point, and also expand the channels of Tianyu Fund to the whole world. Any financial market, as long as Stanley Hong Kong has channels, can be opened to Tianyu fund.

   On the other hand, Zhong Shi expressed that he didn't mind this matter, after all, the instigator and his team have been cleared out of this circle. When Liang Hong was thanking her thousands of times, she looked at Zhong Shi's calm face, and never guessed what the other party was thinking.

  Yes, what Zhong Shi was thinking, even he himself didn’t figure it out. In the past few months, besides studying the situation of subprime housing mortgages, Zhong Shi has been thinking about this matter.

   Logically speaking, as an old opponent in the market, although Stanley Hong Kong's understanding of Tianyu Fund cannot be exhausted, at least it has some understanding of the reasons behind some major events. Not long after Tianyu Fund started cashing out this time, Stanley Hong Kong dropped such a blockbuster, which once led to the extreme passiveness of Tianyu Fund's cashing out activities. Zhong Shi even received a call from the leadership office, asking What is the intention. And all of this, the sinister intentions behind it can be imagined.

After selling all his shares for cash in 2000, Zhongshi re-entered the market in 2001 and regained control of nearly 5% of the Hang Seng Index at a cost of nearly US$30 billion. , his wealth has tripled, but the shares he holds have not changed at all. It has to be said that such a large amount of funds and such precise timing of entry and exit are probably nowhere to be found in the history of world securities. Another case.

  With the rise of the Hong Kong stock market in recent years, Zhong Shi’s wealth has naturally increased accordingly. Up to now, he has not been able to calculate his specific net worth. In the previous interview in the United States, he only gave a rough figure.

Although he doesn't know how much his net worth is, what Zhong Shi knows is that within the past two years, there have been dozens of employees who have resigned from Tianyu Fund. I don’t want to engage in such a high-intensity job because of the money for retirement in this life, and I hope to live a retired life after resigning.

   Naturally, these words not only express the meaning of making enough money, but also imply that they will not work for other funds, which means leaking Tianyu Fund. Zhong Shi was naturally very satisfied with such a statement, and after giving them a generous severance pay, the two parties basically got together and parted ways.

  Basically, there are no major internal problems. In addition, some core issues in the Stanley Hong Kong report are vague, and it is obvious that they have not grasped the details. Therefore, Zhong Shi concluded that these were the materials they collected over the years, and they were not leaked from within. But Zhong Shi couldn't figure out what their motives were for doing so.

   But before he could take any action, Stanley took decisive action to cleanse this group of people. In this way, they took all the responsibilities from themselves by dismissing them, but in this way, the doubts in Zhong Shi's heart were aggravated. This action was really too much to cover up.

  No matter what it is, Zhong Shi is relieved when he thinks of what will happen next year. When the crisis breaks out, they will be too busy to take care of themselves. What ability will they have to make trouble?

   Regarding such a matter, Zhong Shi has never given up his vigilance. He is too aware of the virtues of these foreign investment banks. In 1997, just after Stanley Hong Kong underwrote Huaxia Telecom, he immediately turned his back on the Hong Kong stock market. Moreover, when Zhongshi rescued the Hong Kong stock market, Stanley Hong Kong also jumped out again and again to sing empty words, and even announced the withdrawal of all investment projects from Hong Kong. All this shows that the other party has no good intentions at all. As the saying goes, once bitten by a snake, you will be afraid of well ropes for ten years.

   "Zhong Sheng, the live TV broadcast has started, and the Greenspan you mentioned has started to speak."

  Lu Rover said it several times in a row, but Zhong Shi was always in a daze, and didn't listen at all. Afraid of delaying things, Lu Hu quickly walked over and gave Zhong Shi a push. After he woke up, he asked, "Zhong Sheng, what are you thinking? The show you mentioned is about to start?"

   "It's about to start?" Zhong Shi shook his head, with an apologetic smile on his face, waved his hand slightly towards Lu Rover, and said, "Okay, thank you for your reminder."

"Today's house is really nice, why don't you really think about it?" Seeing Zhong Shi turn on the TV and tune it to CNBC, Land Rover didn't leave immediately, sat beside Zhong Shi, and asked unwillingly, " Eight rooms, six bathrooms, two swimming pools, a tennis court, and a basketball court, such a large place can only be sold for 15 million US dollars, which is much cheaper than Hong Kong.”

At this time, they were in the presidential suite on the top floor of the Waldorf Astoria Hotel in New York. The pale yellow wall lamps emitted soft light, giving people a feeling of comfort and not too dazzling. Even the hardness and brand of the sheets are customized. In addition to these, the decoration of the room is also in accordance with the preferences of the staying customers. It is low-key without losing taste. The seemingly plain but luxurious decorations all show the distinguished status of the guests here. People like Zhong Shi were also the ones they tried their best to win over, and they were even at the top of the VIP list. The hotel had already made a thorough investigation of Zhong Shi's taste and preferences. .

"Listen to what this boss will say first, and then let's discuss this issue!" At this time, Greenspan had already started his speech in Congress, and Zhong Shi naturally had no intention of saying anything to Land Rover, so he left a sentence Then I started watching TV intently.

“…With regard to subprime mortgage loans, after understanding and communicating with colleagues and the market, we believe that such subprime mortgage loans have been initially controlled. The decline in the bond market is due to the risk control of individual companies. Yes, it's not a nationwide, large-scale phenomenon..."

“…We optimistically believe that after the turmoil, practitioners in this market will regain their awareness of risk control, and at the same time, a group of companies without risk control awareness will be eliminated. The subsequent market will be more standardized and controllable. For the real estate market, the financial market, and the insurance market, the benefits outweigh the risks..."

Greenspan eloquently delivered a big speech, the core content of which was that the current subprime housing mortgage crisis is only temporary and has been effectively controlled, and various commercial banks have carried out capital margin reorganization in accordance with the requirements of the Federal Reserve Bank. The verification work, especially the calculation of the core capital after the subprime housing mortgage bonds fell, the follow-up verification is that various commercial banks and financial institutions should supplement the core capital margin and so on.

   "What is this?"

When Greenspan's figure finally disappeared from the TV screen, Land Rover scratched his head and tried to recall what Greenspan said just now, and it took him a long time to squeeze out the word "subprime housing mortgage bonds". He had no idea what that meant, and how it had anything to do with what Jong-shik was talking about about buying a house.

  In the past few years, his English level has improved a lot, and ordinary communication is no longer a problem.

Zhong Shi naturally didn't bother to explain the relationship to him, he just patted Land Rover on the shoulder, and said meaningfully: "This is the thing that is very likely to cause a global economic crisis. When that time comes, don't Say 15 million, I'm afraid it's not worth even 7.5 million. You say, if I buy it now, isn't it a bit uneconomical?"

"That's it?" Lu Rover widened his eyes and thought for a long time, but he still didn't understand the relationship. However, he understood Zhong Shi's words, but he still had a question, "The economic crisis you are talking about? When did it happen? Why didn't I feel it?"

   "Hasn't this already happened?" Zhong Shi curled his lips in the direction of the TV, with a smile on his face, "If it didn't happen, why did this guy stand up and say this?"

   Thanks to the book friends, Lei lsq, I was not the one who voted for the monthly ticket last night!

  (end of this chapter)