On the securities trading floor, stock investors were excited and stared at the HSBC office, wishing to eat them alive.
Destroying people's wealth is like killing their parents. In the past week, everyone suffered an average loss of at least 20 points, and the culprit is HSBC.
This Yan family doesn't do any human affairs at all. They obviously make money from the Hong Kong market, but they still short the Hang Seng Index.
HSBC's securities managers could only laugh and appease the angry investors. What did the behavior of senior executives have to do with them? They were also victims of the stock market crash.
Fortunately, the hostility did not last long, and investors' attention was attracted by the stock market again.
The trading volume can easily reach tens of thousands or even hundreds of thousands of lots. The transaction details on the side are sometimes filled with red numbers and sometimes green numbers.
The long-short game is hedging funds, the market's trading volume has surged, and investors are running out of time.
Because of a collision of this kind of capital scale, once long and short hedging is initiated, there is no such thing as a draw.
In the end, there are only two results. The short side wins, the index tilts downward, and the long side victory index rebounds.
If they can make the right choice, they may get their money back in one go or even make a fortune.
Although there is a saying in the market that we will help whoever wins, that is a choice only for financial institutions. Retail investors with small funds like them will not be able to keep up with the heat if they do not stand in line in advance.
Suddenly, broadcasts came out one after another in the trading hall: "All investors, please pay attention... All investors, please pay attention... Fuxing Bank raises the sign 0003 China Gas, Fuxing Bank raises the sign 0003 China Gas..."
"Dear investors, please pay attention... Fuxing Bank raises placard 0012 Xiangjiang Electric Power..."
In just one and a half hours on Monday morning, Fuxing Bank successively listed three companies, all of which held 5% of the shares, and the Hong Kong Stock Exchange automatically disclosed the information.
The total market value of the three companies reached HK$62 billion, with a minimum investment of HK$3.1 billion in the 5% bid line.
This not only tells investors that Fuxing Bank is saving the Hang Seng Index, but also announces to the market that Fuxing Bank is determined to save the Hang Seng Index.
At the same time, the trading room of Fuxing Bank.
Zheng Yaoyang clapped his hands and stopped the actions of the company's traders. They had already invested US$2 billion in succession.
The first step of the plan was completed ahead of schedule, and then it was the turn of Barings Bank and Bank of China to perform.
Zheng Yaoyang is very clear about his disadvantages. Fund transparency is Fuxing Bank's biggest shortcoming.
This is like the battle between two armies in ancient times. The enemy's troop deployment is one of the most important pieces of information on the battlefield.
18.9 billion is their principal and scattered savings. HSBC can judge a rough figure through their capital outflows with Standard Chartered.
As long as they know how much funds Fuxing Bank has, HSBC will have a good idea, because they know how much funds they can use to suppress Fuxing.
Capital is king in the financial market. No matter how powerful the enemy is, as long as they know the other party's bottom position, the other party is like a naked woman who can only be manipulated.
Their intention, Zheng Yaoyang, gradually became clear. The purpose of shorting the Hang Seng Index was to force Fuxing to buy the bottom.
As long as Fuxing Bank takes action, HSBC can rely on its huge bargaining chips to drain Fuxing's capital reserves.
When Xiaobawang is listed, Fuxing will not have enough funds to compete with HSBC. They will defeat Zheng Yaoyang on the day Xiaobawang is listed.
Therefore, Zheng Yaoyang will rope in Bahrain and Bank of China and let them join this melee under the banner of Fuxing.
In this way, not only do two more banks share the responsibility, but Fu Hing's reserves can also be obscured, making HSBC's information no longer accurate.
They raised the names of three companies in succession, which was a signal sent by Fuxing to the outside world. The main fund to be long on the Hang Seng Index is Fuxing, and only Fuxing.
Next, as long as Bahrain and Bank of China continue to buy stocks in the market according to the original plan, and the shareholding ratio does not exceed 5% and touch the raising line, HSBC will not know about their existence.
Fuxing will raise one or two companies from time to time to increase its presence in the market, and finally wait until the listing of Xiaobawang next week to start the final decisive battle.
"This is called taking advantage of the situation."
Zheng Yaoyang had a confident smile on his face. Facing HSBC, they had always been on the weak side, and now they could finally take some initiative.
Rogers showed admiration: "BOSS, this case you handled will definitely go down in the annals of international financial history."
Combined with the complex situation in Xiangjiang, Zheng Yaoyang almost took the combination of vertical and horizontal to the extreme.
Bahrain did not dare to come forward for fear of offending HSBC, and Bank of China did not dare to come forward due to identity issues, but they both hoped to obtain cheap stocks and enter the Hang Seng Index.
Zheng Yaoyang took advantage of this and easily turned the two of them into firm allies.
HSBC thought that by paying the chips, they would use up all their funds. In fact, most of the chips were quietly pocketed by Bahrain and Bank of China.
The information fog created by Zheng Yaoyang will definitely cause HSBC to have a big problem with it.
"Don't be too happy, there are still seven days."
Zheng Yaoyang turned to look at Wade, with a solemn look on his face, and solemnly ordered: "In the next seven days, not a single mosquito can fly out from here."
The most important thing in this battle is information. Once the information is leaked in advance, their plan will be in vain.
Zheng Yaoyang not only wanted Fuxing to resist the pressure and gain a firm foothold in Xiangjiang, but also wanted to bite off a piece of meat from HSBC.
He no longer cares about the dragons and dragons in Hong Kong's banking industry. If he wants to, he will be the leader of the banking industry.
Wade and Rogers nodded in unison. To reassure Zheng Yaoyang, they would not leave the trading room.
In the next few working days, the Hang Seng Index rose steadily every day, successfully regaining the 4,000-point mark step by step.
Fuxing holds up a company every day, boosting its presence in the financial market and stimulating the sluggish market.
The super white-eyed HSBC seems to have given up on shorting the Hang Seng Index, with Fu Hing Bank still taking the lead.
In this long-short game, it seems that the bulls have won the final victory, and the Hang Seng Index has gradually returned to its former glory.
On the afternoon of Friday, May 6, Xiangjiang’s financial market is about to usher in the last midday session of the week.
This late trading is very important because it can determine the general direction of the market next week, and Monday is the only stock in Hong Kong that is subscribed more than 20 times to go public.
The trading room at HSBC Tower.
Stephen looked at the steadily rising Hang Seng Index and smiled with satisfaction: "How much capital has Fuxing taken on?"
Wells took out the information: "In the past two weeks, we sold a total of 12 billion U.S. dollars. In addition to some repurchases by the companies themselves and other financial institutions, Fuxing Bank probably took over about 9.2 billion U.S. dollars."
In his opinion, Stephen was stunned. They held a total of 25.6 billion US dollars in Hong Kong stock chips, and this time they spent nearly half of it in order to defeat Zheng Yaoyang.
It is easy to sell at a low price now, but it will not be so easy to buy it back at a low price in the future. Is it really worth it just to reduce Zheng Yaoyang's influence?
Stephen pondered for a moment: "Some time ago, how much money did Fuxing Bank invest in the Pearl River Delta and the Yangtze River Delta in mainland China?"
"About US$1.5 billion."
Stephen smiled and said: "So, their liquidity should not exceed US$1.5 billion?"
"If we look at it under normal circumstances, this is indeed the case."
Wells nodded, his smile a little forced.
He had dealt with Zheng Yaoyang very early, and it was he who made an exception to help apply for the black gold card in Zheng Yaoyang's hand.
It can be said that HSBC’s intentions are known to everyone on the road, and Zheng Yaoyang has no reason not to know.
Stephen smiled contemptuously: "Zheng Yaoyang is a businessman after all, and who dares to never give up?"
"Facing us at HSBC, he just made the right choice at the right time."
The higher he stands, the harder he falls. Zheng Yaoyang is a human being, not a god. He is also a smart man and knows that one day he will face failure.
Now he can exchange market chips for his reputation. If he were Zheng Yaoyang, he would do the same.