The Li Group was preaching to give Hong Kong stockholders confidence, and the hot money was fully shipped to consume investors' trust in the Li Group. Until the close of the morning, the Hong Kong stock market was hovering around 3890 points.
Hot money thought that Li Guangyu and others were waiting for the stock market to plummet before entering the market. Unfortunately, some news at noon caught them off guard.
Hong Kong Bank, Heung Kong Electric, Towngas, Hutchison Whampoa, Cathay Pacific Airways, and Swire Group have successively announced that they will buy back the group's shares in the afternoon to maintain the stability of the Hong Kong stock market.
This also caused the Hong Kong Exchange to open higher in the afternoon, and the Hang Seng Index directly reached 3895 points, only falling one point from the morning opening.
This time, several major groups were not just talking. As soon as the market opened in the afternoon, the sell orders of several major groups in the stock market were swept away. These groups are all blue chip stocks, so the Hang Seng Index broke through the high of 3,900 points in less than ten minutes.
At this time, within the investment department of Citibank, these commentators were demanding greater pressure on the Hong Kong stock market, and the Hang Seng Index must not be allowed to continue to rise.
In the Tianyu Investment Department, Sun Jianping was constantly giving instructions to the staff of the investment department. The phone calls in the investment department were not disconnected, and orders were conveyed to the Xiangjiang Exchange one by one.
Now in the Xiangjiang stock market, all transactions must be done in the Xiangjiang trading hall. There is no online computer trading now, so Tianyu Investment Company has its own trading seat at the Xiangjiang Exchange. It can report the situation here to the investment department at any time and accept investments at the same time.
Operate according to the orders of the Ministry.
After Sun Jianping put down the phone, he said to Li Guangyu: "Li Sheng, the exchange reported that there are a large number of sell orders in the market, the price is lower than the current price, and hot money has begun to smash the market again."
Li Guangyu knew that these hot money would not retreat easily this time, especially when the Hang Seng Index broke through 3900 points. It is estimated that those people were a little panicked.
"You made arrangements here, and you swept the orders they appeared for me, pulling the Hang Seng Index to the 4,000 mark. If I want to buy it back with the hot money, it will be difficult for me to buy it back."
This time the hot money mainly shorted the Hang Seng Index. If they shorted some listed companies, especially the companies of the Li Group and its allies, Li Guangyu would make them regret it. He would directly ask Sun Jianping to sweep away the stocks of his company on the market.
As for Kong, when the time comes he won't even be able to buy and return the stocks. Let's see what happens with the hot money.
Within the Xiangjiang Exchange, today's trading is extremely active. There are many buy and sell orders, and the quantity is extremely large. Ordinary investors know that this is a contest between the Li Group and hot money. At this time, they are more interested in watching the show.
, anyway, they are either already safe now, or they have all smashed their way in, and they are watching the show quietly at this time.
Under Sun Jianping's strong sweep, the Hang Seng Index soared to 3946 points, and there was a brief period of tranquility in the stock market.
Some people who had settled down felt a little regretful at this moment. Unexpectedly, the stock market not only did not plummet, but also rose a lot, especially the companies of the Li Group and its allies.
Just when they thought it was stable, a large number of sell orders suddenly appeared again in the stock market. This time, the volume far exceeded the imagination of ordinary investors. The Hang Seng Index also fell accordingly. The Hang Seng Index, which had just risen by dozens of points,
It immediately fell below the 3900 point mark.
The hearts of these investors are like the ordinary stock market, which is a roller coaster. This is a situation that has never happened in the Hong Kong stock market. For those who are safe and secure, this situation is really exciting, and it is even more exciting for them than a blockbuster movie.
But not long after, these selling orders were reduced at an alarming rate, and the Hang Seng Index climbed again. The actions of the Li Group once again reassured those who were optimistic about the Hong Kong stock market. They believed that with the presence of the Li Group, the Hong Kong stock market would not be affected.
It will be defeated by hot money.
At the time when the Hong Kong stock market was in fierce competition, the Hong Kong government held a press conference to explain the construction cycle of the Xiangjiang International Airport and the urban to Tseung Kwan O subway.
When this good news came, some hesitant investors and some investment institutions once again entered the stock market. The Hang Seng Index began to rise rapidly, breaking through the 4,000 mark in just 20 minutes.
In the conference room of the Investment Department of Citibank, the faces of several people at this time were not very good. They originally thought that with the restraint of the Taipei Exchange, their actions at the Hong Kong Exchange would be relatively easy, but they did not expect that it would become such a situation.
Now the Hang Seng Index has climbed to 4012 points. When they entered the short position, it was basically around 3850 points. One point is 50 Hong Kong dollars. Now they have to lose 162*50 per hand, which is 8100 Hong Kong dollars. And they are now short the Hang Seng Index.
For just 1 million lots, if they bought and returned it at this price, they would lose HK$8.1 billion, not counting handling fees, which they absolutely don't want to see.
This time they invested 2.5 billion U.S. dollars together, guaranteed by Hang Seng, Standard Chartered, and HSBC, used 10 times leverage to short the Hang Seng Index, and used 500 million U.S. dollars to raise funds from Citibank to buy 10 times the shares of the Xiangjiang stock market to suppress the Xiangjiang stock market.
Now they not only have to pay attention to covering positions in futures, but also pay attention to the situation in the stock market. Now due to the sweep of the Li Group, they have no losses in this area, but their losses in Hang Seng Index futures are huge.
Fortunately, the amount they did was not too large, and the leverage they used was not too high, otherwise the losses this time would be even worse.
One of the young men said: "It seems that we have made some miscalculations this time. The Li Group's focus has always been on Xiangjiang. Look at their preparations today. As soon as we took action in the morning, the other party immediately started a live broadcast to promote stock investors."
We have confidence that the other party has been waiting for us to take action.
The same goes for the Xiangjiang government. The other party must have been prepared for a long time just to take action at this time. I personally suggest that everyone clear their short positions in the Hang Seng Index as soon as possible to reduce the losses of our actions."
This time they hoped to drive Xiangjiang stockholders to sell their stocks, so that the Li Group would not have sufficient funds to protect the market. However, the Li Group's series of actions made their purpose ineffective.
How can they suppress the alliance between Li's consortium and Xiangjiang stockholders just relying on their financial resources? If they don't come out at this time, they may fall deeper and deeper. The Li's consortium will never let them withdraw easily.
They know very well that during this period, many of their short orders were taken over by the Li Group and its allies, and they will definitely continue to push up the Hang Seng Index.
The person in charge of Citigroup said loudly: "You are the famous fund managers on Wall Street. Why, you are ready to back down on this issue. The funds this time are just a drop in the bucket for everyone. Originally we were just testing the strength of the Li Group.
Since they want to play, we might as well play bigger. I suggest that everyone mobilize another five billion US dollars to invest 10 times the leverage of 3 billion US dollars into the Hang Seng Index, and use 2 billion US dollars in financing to invest 10 times the leverage into the Hong Kong Stock Exchange. Let’s see.
How much money does the Li Group have to protect the market?"
Many of the funds present are backed by major consortiums in the United States. They came this time with the intention of being behind the consortia. This time they were led by Citigroup. This is also because in their future plans, the Citigroup is mainly targeting Hong Kong, the California consortium and the Texas consortium.
The Southern Consortium targets Japan.
It's just that these funds are really not very willing to make such a big bet at this time, and each of them is looking for reasons to ask the forces behind to discuss it.