The first thousand one hundred and sixty-three chapters rescue the city
At the critical moment when the Hong Kong stock market plummeted, a liaison meeting between Hong Kong's financial and business circles chaired by Governor-General Wilson was held at the Government House.
This time, heads of major families in Hong Kong, major financial institutions in Hong Kong, and heads of companies attended the meeting.
Wei Yixin said solemnly at the meeting: "Hong Kong's finance is facing the biggest challenge in decades. Affected by the global financial crisis caused by the United States, our Hong Kong stock market has also been severely impacted. I hope that major listed companies can buy back their own stocks.
At the same time, I also hope that financial institutions in Xiangjiang can step in to rescue the company's stocks. The stable development of Xiangjiang requires the joint efforts of all of us."
Since taking office as the Governor of Hong Kong, the financial crisis has been the biggest challenge to him. Wilson hopes that Hong Kong can get through this round of financial crisis as soon as possible and avoid a setback in Hong Kong's economic development.
The impact of this crisis is too large and widespread. All capitalist markets have been affected. Dozens of stock markets around the world have plummeted. The market value of exchanges in several major financial centers has evaporated by hundreds of billions in one day. If the market is not rescued as soon as possible,
, the global market is likely to enter a depression, which will have a greater impact.
During the meeting, the Hong Kong government and the exchange decided to limit the daily trading volume this week.
At the same time, HSBC, Standard Chartered and the Bank of Hong Kong, as the Hong Kong dollar note-issuing banks, are required to maintain Hong Kong currency stability and avoid Hong Kong's financial collapse.
This meeting lasted for more than two hours. Wei Yixin communicated with Li Guangyu, Xiudalan, Keswick, Szehwaiya, Laurence, Feng Jingyao, Zheng Yutong, Stanley Ho and others one by one, and invited these people to come in to rescue the market.
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On Tuesday, the Xiangjiang stock market plunged 623 points again, closing at 2990 points, falling below the 3,000-point mark, casting a heavy shadow on Xiangjiang stockholders and investors. If no good news comes out, the Xiangjiang stock market tomorrow
I'm just afraid it will continue to plummet.
Not only the Hong Kong stock market, but also major stock markets in Asia and Europe were affected by the plunge in the U.S. stock market. They all plummeted by more than 10% on Tuesday. Countries are preparing to rescue the market, hoping to reduce investor panic.
The United States acted very quickly. On Tuesday morning, the stock markets of Asian and European countries came to the end. The U.S. government announced a bailout and called on major listed companies to repurchase their own stocks. At the same time, it expressed to the outside world that the U.S. economy was running well, so that investors should not
Feeling panicked.
At the same time, major banks were supported to continue to provide loans to securities dealers and investors, and to lower loan interest rates. With the introduction of these policies, and the beginning of buybacks by some companies led by Merrill Lynch, the New York stock market did not plummet as it did the previous day. As of the close,
The Dow Jones Industrial Average fell just 78 points.
The New York stock market did not plummet as much as Monday, which also gave Asian stock markets some confidence. At the same time, various places have successively introduced policies to stabilize the stock market situation.
At 9 o'clock on Wednesday morning, New World Development Group announced an investment of HK$2 billion in Tseung Kwan O to build a commercial and residential complex.
At the same time, Heung Kong Transport Group announced an investment of HK$1.5 billion to establish an aviation city southeast of the Heung Kong International Airport to provide future accommodation for Heung Kong Aviation Group employees.
Hengyu Supermarket Group announced that it will invest US$1 billion to build Hengyu Tower in Sham Shui Po.
HSBC, Standard Chartered Bank, and Hong Kong Bank have successively announced that they will enter the stock market to maintain the stability of the Hong Kong stock market.
Shun Tak Group, where Ho Hong Sen is located, announced that the group will invest HK$5 billion to build Shun Tak Tower in Tseung Kwan O.
The Hong Kong government has also announced that it will build a subway line from Hung Hom Station to Tseung Kwan O, so that the subway from Tseung Kwan O University Town can reach Tin Shui Wai University Town directly.
South China Electrical Appliances Chain Group announced that it will invest HK$500 million to build a group storage center on an outlying island.
Heung Kong Electric, Cheung Kong, Sun Hung Kai, Shau Kee, Heung Kong Bank, Chow Tai Fook Jewelry and other listed companies announced the repurchase of their own shares.
A series of good news came out, and the plummeting stock market in Xiangjiang finally slowed down. Investors are no longer as panicked as they were in the previous two days. Now more selling orders in the market are from external capital. These capitals are probably preparing to withdraw from Xiangjiang.
The market is up.
They are not as simple as stock investors think. They think further and have more information channels. Affected by the huge fiscal deficit and inflation in the United States, it is very likely that Hong Kong's economy will suffer setbacks. After all, the Hong Kong dollar and the US dollar are directly linked.
Li Fuzhao's simple stock market gradually stabilized on the exchange, and he finally relaxed his worries. In just two days, the Hang Seng Index plummeted by more than a thousand points. He really didn't want to have such an experience again.
Currently, the Hang Seng Index is stable at around 2,900 points, which is already a relatively normal figure. The previously artificially high part has almost been squeezed out. If it falls again, the value of these listed companies will be seriously underestimated.
This point is the consensus reached between him and Li Guangyu, Feng Jingyao, Feng Yongxiang, Chen Youqing and others. Maintain the current point, allow it to fluctuate up and down, and protect the market when the stock market falls.
In the Tianyu Investment Department, Li Guangyu is mainly listening to Sun Jianping's report on the U.S. stock market. Yesterday, they had already started clearing positions. As for the Xiangjiang stock market, Li Guangyu is not too worried. There are so many groups taking action, and with their protection
The Hong Kong stock market will not fluctuate much.
Sun Jianping said: "Li Sheng, as soon as the U.S. stock market opened, we started the liquidation operation. Yesterday, the liquidation went smoothly. We have completed one-sixth of our orders in the U.S. stock market. We will continue to trade in the future and end the transaction at the latest
It will be the deadline for our futures trading.”
Li Guangyu did not criticize anything harshly. This time, Tianyu Investment Company used leverage to place 40 billion U.S. dollars of orders in the U.S. stock market. It was already very difficult to deliver more than 6 billion U.S. dollars of orders yesterday.
And as the U.S. stock market stabilizes, many long investors see hope and are really unwilling to settle now. There are also very few new long investment institutions. After all, the world is still affected by the stock market. Long orders are not sold, and there is no
For those who are newly long, it is impossible for Li Guangyu to clear the short positions. After all, he needs to buy and return them, and he can't return them even if he doesn't have the orders.
Now they are selling while waiting for the trading deadline to arrive. When the trading deadline comes, they will be able to deliver according to the futures contract.
Li Guangyu said: "Now we will see the subsequent impact on the U.S. stock market. Our orders in other stock markets have also begun to be cleared. The stock markets in these areas have not yet stabilized. I believe that many people who have multiple orders in their hands hope to sell them as soon as possible. These places will be better than
Hurry up on the U.S. side."
"Li Sheng, I will notify you immediately. I believe that this operation will be ended perfectly, and we will definitely withdraw faster than the Wall Street gang."
This time, Sun Jianping's capital account did not go directly into Tianyu Bank and Xiangjiang Bank. This time, their funds were transferred around Eastern Europe before returning, so the possibility of being traced to them was much smaller.
The transformation this time was possible thanks to Gan Qinglin's efforts in the past few months and the economic reforms of the Soviet Union. Now Tianyu Bank has established a branch in Hungary.
Li Guangyu said: "You should pay more attention to the trends in the futures market. The Wall Street gang in the United States will never give up easily if they have not reaped enough benefits. After withdrawing from Japan, they can join forces with Japan to acquire shares in the Japanese stock market.
Take the opportunity to trick those guys on Wall Street."
This time, Li Guangyu made very few orders in the Japanese stock market, and his main focus was on the United States and Western Europe, in order to prepare to cheat American consortiums in the Japanese market.
This time, Japan's major financial groups are obviously not willing to let Wall Street in the United States cut leeks from them. While Xiangjiang is rescuing the market, Japan will definitely not be idle, and a counterattack is expected to come soon.
Moreover, Li Guangyu knows very well that Japan is definitely one of the countries that Wall Street in the United States is targeting this time. Futures trading on Japan's major stock markets has been very active in the past few months, and there are many short-selling institutions. Without Wall Street's handiwork, Li Guangyu