Faced with the current situation, Li Guangyu looked like he was sitting firmly on the Diaoyutai and was not anxious at all. However, there were already undercurrents surging under the Xiangjiang River, and all forces were making their own choices about the situation in front of them.
The most anxious one at the moment is the Development Bank of Singapore. It is the bank that has taken over the most short orders from Li Guangyu. The stock market has continued to fall, causing them heavy losses. They also hope to sell to stop losses, but they have not found a buyer to take over the order.
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Although Citibank has also taken orders worth 10 billion Hong Kong dollars, they don't have much to worry about due to the strong strength of their consortium. This amount of funds is just a piece of cake for their consortium.
At this time, in the office of the chairman of Standard Chartered Bank of Hong Kong, George Lavin received a call from Singapore from Qiu Deba, the current bank director and Standard Chartered's largest individual shareholder.
There is only one content in it, which is to ask George LaVine to transfer the long orders in his hand as soon as possible and complete the stop loss as soon as possible to avoid the bank from suffering greater losses.
With such a large order in hand, once a liquidation occurs and they are unable to sell it in time, their bank will suffer heavy losses if the customer does not make up for the loss in time, or even if the other party is unable to make up the loss.
George Lavin said: "Mr. Qiu, you are also aware of the current situation in Xiangjiang. At this time, the stock market does not show any signs of rebound. It is difficult to sell our orders at this time. Unless there is some good news, otherwise we can only
Watching the stock market and the Hang Seng Index continue to fall.”
The Singapore consortium has now established a firm foothold in Xiangjiang, and naturally has its own sources of information. It is very clear about the current situation in Xiangjiang. It is precisely because of this that he is so anxious.
Many of the orders they took over from Li Guangyu this time were funds invested by some forces in Western Europe. Once the position is liquidated here, it will be quite energy-consuming to argue with them over there.
Moreover, the losses after the liquidation need to be temporarily borne by their bank until the end of this transaction. If Standard Chartered Bank loses several billion at a time this time, it will be a considerable blow to him.
Qiu Deba said: "In this regard, you try your best to transfer whatever you can. At the same time, you can contact the chairman of HSBC to meet with Youde. The current economic pressure in Xiangjiang is so great that it prompts the government to come up with some policies to promote the economic development of Xiangjiang.
Come out, this will be a good thing for the stock market, and it only requires the government to come up with a plan. With such a plan, I believe many people will think that the stock market will rebound quickly, and thus take over your order."
George LaVine doesn't have much hope in this. It is useless to issue any policies at this time. Unless this incident is settled, the stock market will not think about it in the short term.
Moreover, the Lee Group has once again made a big bet. Before they make enough money, how can they make the stock market rebound? George Lavin estimates that this time the stock market’s Hang Seng Index will not fall below 700 points like last year.
The Lee Group will not give up.
However, since the major shareholder ordered it, George LaVine could only comply. After hanging up the phone with Qiu Deba, he immediately called Shen Bi.
At this time, Shen Bi was not much better than George LaVine. He was also on the phone constantly, and many Southeast Asian forces asked HSBC to sell their orders as soon as possible to avoid greater losses.
After receiving a call from George LaVine, Shen Bi said: "LaVine, what's the matter with you calling me at this time? You are more stressed than me right now."
Shen Bi knew some of the situation at Standard Chartered Bank. He knew that the other party's orders this time were much larger than his own. Many forces in Europe had intervened and wanted to make a lot of money from Li's consortium. By the way, the strength of the Li Group is weakened, and the people who are connected are the shareholders behind the Carrefour Group.
It's a pity that they overestimated the strength of England and underestimated the determination of the mainland. As a result, not only did they fail to trap the Li Group, but they themselves suffered heavy losses.
George Lavin said: "Shen Bi, you must have a lot of orders this time. If we allow the stock market to plummet like last year, once these orders are liquidated and the customers don't care about it, the final losses will still be huge." It will be borne by our bank. Even if our two families have a great business, they will be left half disabled in the face of such a loss."
As soon as Shen Bi heard this, he knew that the shareholders behind Standard Chartered must be anxious. Shen Bi asked, "Laven, do you have any good ideas for this?"
After listening to George LaVine's story, Shen Bi didn't have much hope for this. The current situation cannot be solved by one or two policies. There are problems in the stock market and property market, which will trigger a series of problems. Question, is there such an easy thing?
This kind of stock market crash can only wait until it bottoms out and rebounds. It is undoubtedly a fantasy to want to reverse this situation immediately.
Moreover, Hong Kong's policy is not decided by Youde alone. It also needs to be discussed by the Executive Yuan. The influence of the Li Group is not small. Prime Minister Luo De is a member of both houses of the Executive and Legislative Houses. How could they see their own interests affected? damage.
Shen Bi said: "Laven, I can accompany you to meet Youde, but you still don't have too high expectations, you still have to prepare for the worst. You must at least follow the low Hang Seng Index last year. Come and assess your losses this time, contact your customers at the same time, and ask them to cover their positions as much as possible. It is best not to let these orders fall into the hands of the bank itself."
George LaVine said: "I also know that I can only follow the orders of the major shareholders. As for the issue of replenishment, I will contact the London headquarters later and let them communicate with these customers. Fortunately, this time the customer In Western Europe, they are all big groups. They don’t worry about not being able to recover their losses in the end, and these groups can’t afford such a reputation.”
Shen Bi then told George Lavin the news that Tianyu Financial Group was joining some Chinese banks at the financial meeting tomorrow afternoon to put pressure on the government to obtain the right to issue Hong Kong dollar notes, and asked him for his opinion on this issue.
George Lavin had been so busy with the stock market these days that he didn't even know about the news. When he heard Shen Bi mention it, he was shocked.
He said: "Shen Bi, the right to issue Hong Kong dollar notes is the only advantage our two major banks currently have over Tianyu Bank. This thing must not be allowed to be interfered with by the Li Group, otherwise it will be even more difficult for both of us in the future."
Shen Bi smiled and said: "Don't be anxious. I don't think the Li Group can win this matter now. The British government will not agree to let the Chinese-owned family get the right to issue Hong Kong currency. This is to ensure that the British rule Hong Kong." Means, they are probably trying to do nothing this time."
George Lavin is not as optimistic as Shen Bi. The power of the Li Group in England is expanding very fast, and it has a close relationship with the Conservative Party. Now that the Conservative Party is in power, the Li Group may really be deceived by the Li Group. The consortium also came in to share the power and interests of the Hong Kong dollar note-issuing rights.
He said: "Shen Bi, since you brought it up, it shows that you still have worries deep down in your heart. Don't say nice things at this time. Just talk about your plan."
Of course, Shen Bi was worried. HSBC's biggest enemy now was Tianyu Bank. His position was becoming more and more precarious, and he might one day become a stepping stone for Tianyu Bank.
Shen Bi said: "Lavin, in addition to the opinions you raised, the focus of our meeting with Youde this time is to emphasize the threat that the Li family consortium poses to our British consortium and their threat to the British rule of Xiangjiang. We must let Youde Let the Monetary Authority withstand this pressure from Chinese banks and prevent Tianyu Bank from obtaining the right to issue Hong Kong dollars."
George Lavin did not want the Li Group to come and divide their interests, so he agreed to Shen Bi's proposal without any hesitation.