Seeing the arrival of the delivery date, hot money finally started to take action. On Friday morning, as soon as the Hong Kong Exchange opened, a huge number of selling orders appeared on the stock market, and the Hang Seng Index, which had been growing for several days, immediately began to fall.
The volume of selling orders that appeared this time was very large, and many of them were blue-chip company stocks on the Heung Kong Exchange. Fortunately, many Heung Kong stockholders have become accustomed to the sudden plunge and surge in the Heung Kong Exchange in recent weeks. They know that at this time, hot money and the Li Group are involved.
The confrontation began again.
As for whether the Li Group can stabilize the current situation this time, Xiangjiang stockholders are not 100% sure. The volume of sales this time is really too large. For so many years, the Xiangjiang Exchange has not even experienced a stock market crash.
There are so many sell orders, and this time many stocks of the other party are shipped together. It is impossible for ordinary people to accept them. Funds are a huge problem.
The other party is obviously going for the Li Group this time. Now it depends on which of the two parties has stronger funds and who has more chips.
Sun Jianping did not give any chance to hot money at all. As long as there was a selling order, he would accept it in full. He had prepared enough funds today. In order to deal with the attack of hot money, Li Guangyu also specially transferred 8 billion US dollars to him. In addition,
Tianyu Bank, Hong Kong Bank, Bank of East Asia, Hong Kong Asian Commercial Bank and Sun Hung Kai Bank jointly financed it with US$10 billion.
Not counting the US$10 billion in the gold futures market and the US$10 billion deployed in major stock markets, the cash he can now use has reached US$33.6 billion, which is enough for him to sweep all the liquid stocks in the Hong Kong market, even those listed companies.
Sun Jianping wouldn't be too worried about cashing out his own shares.
Companies with relatively large market value are controlled by the Li Group and its allies. Except for China Power, HSBC, Jardine Matheson, Wharf, Standard Chartered, etc., others do not pose much threat to him.
In the investment department of Citibank, several fund representatives looked very unhappy. A young lady said: "Swat, what kind of information did Citigroup get? The financial resources of the Li Group are only tens of billions of dollars at most. Look at us."
No matter how many sell orders have been placed, they are still continuing to take in. If this continues, the Hang Seng Index will not fall much lower today. You must know that the last delivery time of our futures contract is at four o'clock in the afternoon. The Hang Seng Index at four o'clock then will determine our future.
success or failure."
This lady was quite unhappy. The information Citigroup gave them was that the Lee Consortium itself did not have much funds, and its allies lacked enough cash. Currently, the Lee Consortium still owes the Japanese consortium US$5 billion that has not been repaid. Zhaoji Group, Changchun
Allies of Lee's consortium such as Shi Group, Shun Tak Group, Wanbang Group and Sun Hung Kai Group also owe loans from many Japanese banks.
Although the Li Group currently has many listed companies, the Li Group is also expanding rapidly and spending a lot of money. Therefore, they determined that even with the help of allies, the amount of cash that the Li Group can use will not exceed tens of billions of dollars.
Since the most profitable groups of the Li Group have not been listed, especially Tianyu Financial Group, it is difficult for the outside world to know the specific financial situation of the Li Group.
Even though these funds have great success on Wall Street, their daily cash flow is not very good. Without leverage, they simply cannot shake the stock markets everywhere.
The leverage used by the Li Group must be obtained from its own bank. This time they specifically contacted other large banks in Hong Kong and would not provide leverage to the Li Group.
The leverage provided by the banks under the Li Group is limited. The capital of these banks is not very strong. Tianyu Bank is strong enough. Unfortunately, it is not transparent, so there are many restrictions on leverage.
As a result, the sales orders they placed out today have already exceeded 10 billion US dollars. The Li Group is still scanning the goods, and there is no shortage of funds at all.
If Citigroup hadn't taken the lion's share this time, they would have suspected that Citigroup was trying to trick them. The information Citigroup gave them was seriously inconsistent with the actual situation of the Lee Group.
Moreover, the stock investors and shareholders of some listed companies here in Xiangjiang are also weird. They know clearly that today is the highest stock price, but they still don’t sell. This makes it impossible for them to drive stock investors and shareholders to sell the stock.
Their calculation was good, but it was a pity that the investors in Xiangjiang who held stocks believed that the Li Group would not let them suffer losses. After all, they basically held shares of listed companies of the Li Group and its allies.
And the shareholders of the listed companies will not jump out at this time. They don't want to offend the Li Group for a little profit at this time. They still want to develop in Xiangjiang. It is very worthless to offend the Li Group.
Jefferson Swart knew that many fund managers present were very dissatisfied with him and Citigroup. If they could not suppress the Hang Seng Index today, they would suffer very large losses, which was definitely not something they were willing to accept.
As for the intelligence issue, this was the information he got from a senior executive of Tianyu Financial Group. He learned from him that the Li Group has expanded rapidly in recent years. The major groups have not had much profit left at all, and sometimes they have misappropriated money from major companies.
The group's backlog of goods is developing.
The funds obtained by the Lee Group after the listing in England were also invested in Eastern Europe, and were not transferred here at all.
In order to verify the authenticity of the information, Citigroup also deliberately bribed the senior management of Bentley Group to understand some situations, and also investigated the situation in Japan. The Li Group has entered the real estate industry there, and Xingyue Real Estate Group now has billions of dollars.
loans, and the total loans from its allies are nearly 10 billion US dollars.
In addition, this year the Li Group has established the Jiade Group, the Petrochemical Group, and the South China Electrical Appliance Group. Many groups are also expanding at a rapid pace, which all require massive financial support. The Li Group is estimated to be worth 10 billion U.S. dollars.
It's already quite overestimated.
Now it seems that their so-called intelligence was simply false news to lure them into a trap. The amount of funds of the Li Group is definitely not what the intelligence said, and it may be more than 20 billion US dollars.
Not to mention targeting the Hong Kong Exchange this time, even if the next action against the global stock market is in Hong Kong, it will still be a trap. The Li Group’s strong capital is enough to protect the basic market of the Heung Kong Exchange, unless the total market value of the Hong Kong Stock Exchange increases.
Five to ten times, this may also drive the market to break through the protection of the Li Group. Otherwise, it is better to avoid exposure to the Hong Kong stock market, and the same is true for the Taipei stock market.
The market capitalization of the stock market is too small. With its abundant funds, the Li Group is not afraid of hot money attacking the stock market. The funds in hand are enough to deal with any attack.
Jefferson Swart said aloud: "This time our intelligence was wrong, so this situation occurred. However, I believe that next time, victory will definitely belong to us. The total market value of the Xiangjiang stock market is too small, and the market value of liquid shares is even greater."
We also underestimated the cash amount of the Lee Group. Let’s try to lower the Hang Seng Index this time so that we can avoid some losses.”
He will never let it go. With the development of Xiangjiang, the total market value of Xiangjiang will become larger and larger. It is impossible for the Li Group to protect the huge market of Xiangjiang Exchange alone. At that time, they will let the Li Group
The consortium vomited out a hundred times what it ate now.