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Chapter 414 The Arrogant British Capital

Chapter 414 Arrogant British Capital

Author: Lin Zhonggu

Chapter 414 Arrogant British Capital

At the same time, some interested people discovered that the fifteen companies that had invested in the company seemed to be missing someone.

Cheung Kong Holdings and Hepu Huangji, two companies under Li Jiacheng's name, have not been invested by Fuxing Bank.

Li Jiacheng was pushed to the forefront, and countless people cursed him as a scum of Hong Kong people and an ignorant white-eyed wolf.

HSBC is an orthodox British capital, and there are too many people in Hong Kong who are unhappy with them. When Fuxing Bank launched a challenge, they all liked it and supported Zheng Yaoyang.

Li Jiacheng dared not to support it. Could it be that he had forgotten his life-saving grace? Without Bao Yugang, the Wharf War would have led to the bankruptcy of the Cheung Kong Group.

There was a lot of public opinion, and Li Zheju also didn't understand what his father was doing: "Dad, Zheng Yaoyang is the general trend now. Don't you often say that the general trend is irreversible?"

"Zheng Yaoyang is what people want, but that doesn't mean he is the trend. Don't underestimate HSBC's strength."

Li Jiacheng's face was solemn. He was not the kind of person who would lose a watermelon just to pick up sesame seeds.

If no one supports Zheng Yaoyang at that time, then he will definitely support Zheng Yaoyang, but there are too many people supporting Zheng Yaoyang, and the icing on the cake is not as valuable as providing help in the snow.

Moreover, Cheung Kong is heavily supported by HSBC. If it were to support Zheng Yaoyang instead, the cost would be out of proportion to the benefits.

Li Jiacheng believed that his choice was right, and he made the most correct choice with absolute rationality.

"Then what should we do now? People outside are calling our Li family white-eyed wolves, which is rare."

When Li Zheju heard this, he suddenly understood his father's approach. HSBC had a good chance of winning, while Fuxing had a strong reputation.

It's just that they were inexplicably caught in the middle and suffered the wrath of those ignorant people.

Sometimes he would envy his younger brother, who was in charge of his own business and heard about the prosperous development in Han Country.

He is the eldest son and cannot start his own business like Li Zhekai. He can only inherit the family business honestly at home.

Li Jiacheng laughed: "Don't worry, I haven't been scolded enough in recent years. It will stop after a while."

Li Zheju nodded and was about to leave when suddenly Li Jiacheng's assistant knocked on the door and came in: "Li Sheng, Mr. Stephen invites you to get together."

Li Zheju stopped, curious about what decision his father would make. Li Jiacheng nodded: "Call him back. I'm not free today. Let's do it at noon tomorrow."

A smile appeared on Li Jiacheng's face: "Zheju, a blessing in disguise."

The icing on the cake is not as good as providing help in times of need. The same applies to HSBC.

Although they are old, they are always unconvinced why Zheng Yaoyang can ride on their head.

They have been working hard for decades, and it is impossible for a little kid with no hair to compete.

The bigger the storm, the more expensive the fish, the higher the risk, the higher the reward. What Zheng Yaoyang couldn't give him, HSBC could.

Li Zeju sighed, although HSBC has a good chance of winning, Zheng Yaoyang cannot be speculated using common sense.

If he could use common sense to guess, he would not have become the richest man in Hong Kong within one year, and the richest man in Asia within three years, and would have done many things that are called miracles.

As a peer born in the same era as him, Li Zhekai did not want to be an enemy of Zheng Yaoyang from the bottom of his heart.

Just as Li Jiacheng judged that there was nothing wrong, the people were forgetful. They were scolding him as a white-eyed wolf one day, but their attention was attracted by new news the next day.

The news comes from HSBC's countermeasures.

After all, they are all being bullied by Zheng Yaoyang. If they don't implement some countermeasures, they may be mistaken for being fooled.

Therefore, on April 12, Xiaobawang concluded its third road show at Aomen and successfully raised 350 million Hong Kong dollars.

The total frozen funds reached 7.87 billion Hong Kong dollars, becoming the first stock to exceed 20 times since the opening of Hong Kong.

The news of the end of the road show had just reached Hong Kong and was not yet known to the citizens of Hong Kong. Stephen, the executive director of HSBC Bank, immediately held a press conference to reveal their three plans.

First, it was announced that HSBC and Standard Chartered have jointly raised the interest rates for current and dead deposits of users, with the intention of once again launching a competition for bank savings.

Secondly, they jointly lowered the interest rates of margin financing and securities lending, artificially creating panic in the market, and finally reduced the business of corporate loans and prohibited funds from crossing the bridge.

Stephen could barely guess how much money Fuxing had, and it would not exceed US$20 billion at most.

Those companies that supported Zheng Yaoyang must not be able to borrow a dime from them now, so they can only ask Fuxing Bank for help.

Both Fuxing and Zheng Yaoyang had to help with this, otherwise they would most likely defect. Even if they did not defect, they would be dissatisfied. After all, they were hostile because they supported Zheng Yaoyang.

In this way, it will not only consume the capital reserves of Fuxing Bank, but also put the companies that oppose them into a crisis of capital shortage.

Finally, they are waiting for the day when Xiaobawang goes public. As long as they can make Xiaobawang fall below the issue price on the day of listing and make Zheng Yaoyang lose his heart, then the outcome will be decided.

If you are poor, you can use tactics to intersperse, if you are rich, you can cover it with firepower.

They have a good chance of winning and are strong, so they don't need to use those tricks at all.

HSBC's three measures had almost immediate effects. Fu Xing Bank's reserves dropped rapidly, and capital outflows reached one billion U.S. dollars every day.

Wade felt troubled and hurriedly found Zheng Yaoyang to ask for a solution. Before, they were worried that the bank had too much reserve funds, but now they are worried that the reserves are too little.

HSBC is just planning to fight a war of attrition with them based on its deep foundation.

Zheng Yaoyang pondered for a moment and asked: "How much reserve funds does our bank currently have?"

Wade replied: "There's another $13.2 billion."

Zheng Yaoyang breathed a sigh of relief and asked with a smile: "There are still more than 13 billion US dollars in the account, what is there to panic about? Do you know how much money this is?"

US$13.2 billion is a lot. Mainland China has a population of one billion, and its current US dollar reserves are similar to theirs.

HSBC wants to create panic in the market, but as long as they don't get into trouble, it actually won't affect them.

If we have to talk about the impact, we may lose the fault tolerance. Once the little bully fails to go public and loses all people's hearts, then they will become a piece of fish and meat that can be slaughtered by others.

Zheng Yaoyang paused and then said: "Don't you think that the bosses of the company are useless? Can't they see HSBC's plan? They just want to see if our determination is worth their investment."

Guo Desheng, Li Zhaoji, Zheng Yutong, none of these old guys are fuel-efficient. They choose to support it because they hope that Fuxing can become a check and balance to HSBC.

The reason why he follows HSBC's wish and frequently applies for loans from Fuxing is probably to cut off Zheng Yaoyang's retreat and gain some benefits in advance.

If Fuxing Bank fails and loses to HSBC, they will have some money in their corporate accounts and can relax for a few years and then repair their relationship with HSBC later.

Wade suddenly understood and asked: "Then the savings exchange rate of our bank should also be increased?"

Zheng Yaoyang ordered: "It must be raised to the same level as theirs. Anyway, their family has a big business. If we lose one thousand, they will lose ten thousand."

He suddenly felt a little lucky in his heart. Even if a lion fights a rabbit, he should try his best. However, HSBC's attitude was too arrogant, or it may be because he has been invincible for many years, which gave them a chance to take advantage of him.

The more arrogant their attitude is, the more firmly those companies will support their Fuxing Bank.

If one day Fuxing Bank really loses to HSBC, they will not sit idly by and ignore it.

Next, Zheng Yaoyang asked about the status of the negotiation with Tsingtao Beer and learned that the conversation between the two parties went smoothly. He Tao probably hinted to them.

Zheng Yaoyang asked again: "By the way, has the launch date of Little Overlord been determined now?"

After a company finishes its IPO road show, it will submit a listing application. It can apply for listing in the next six months, but under normal circumstances it will be listed within a month.

However, the specific listing date must be negotiated between the company and the Securities Commission. After all, superstition is prevalent in Xiangjiang, and you usually need to find a master to do the math.

Wade replied: "Choose two days, Monday, May 3rd and Monday, May 9th. Which one are you going to choose?"

(End of chapter)


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