On the morning of October 20, Li Guangyu listened to Guo Fengtao and Sun Jianping’s report on futures delivery in his office.
After these days of negotiations, Tianyu Securities Investment Company has reached delivery of futures contracts with the Development Bank of Singapore, HSBC Bank, Baodao First Commercial Bank and some investment institutions in Hong Kong. The negotiated price is based on the lowest point of the Hang Seng Index in Hong Kong last year.
Make calculations.
Currently, only Citibank's HK$10 billion order, Standard Chartered Bank's HK$9.5 billion order, and Sanhe Bank's HK$7.5 billion order have not yet been delivered.
Behind these three companies are the American consortium, the Western European consortium and the Japanese consortium. They are all powerful owners. They are not in a hurry to complete the contract delivery with the Li consortium now and hope to see what happens next.
After completing the delivery of HK$23 billion this time, the Lee Consortium received a profit of more than HK$10.8 billion, which is enough to support multiple investments of the Lee Consortium.
Li Guangyu said to the two of them, "This fund will be placed in your company's account for the time being. Pay attention to the situation in the stock market at any time. If there is a rebound, suppress it immediately. Pay attention to the trends of the three banks and don't let them."
The stock market is booming."
Guo Fengtao immediately said, "Li Sheng, please rest assured that we will always pay attention to the stock market situation. As long as someone wants to operate on the stock market to boost the stock market, we will immediately take action to suppress the stock market."
With this capital in hand, their Tianyu Investment Company's Xiangjiang account has nearly 20 billion Hong Kong dollars in cash. In addition, they also have many stocks of major listed companies, which is enough to cope with the situation in the Xiangjiang stock market.
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The current situation in Hong Kong is uncertain, and Guo Fengtao is very confident about it. Now all walks of life in Hong Kong are highly nervous. Any disturbance may cause the stock market to plummet, and it is very difficult to pull the stock market back up.
In the office of the chairman of Standard Chartered Bank, the investment manager reported to George Lavin some situations in the market, especially the delivery of futures contracts of the Lee Group and some banks and investment companies.
George Lavin himself hoped that this time, like HSBC, he would settle the contract with the Li Group at this price. Unfortunately, the headquarters did not agree and asked him not to discuss the contract delivery with the Li Group for the time being.
He knew that this must be because the investors behind them were unwilling to admit defeat. They also wanted to take a gamble to see whether the stock market would rebound in the past two months, and they felt that if the Hong Kong stock market fell again, it would not be able to fall to the lowest point last year.
position.
George Lavin only thinks that they are too naive. The current situation in Xiangjiang is not just a question of ownership of Xiangjiang. Xiangjiang has developed rapidly in recent years and a huge bubble economy has formed in real estate. The problem of Xiangjiang is just an introduction.
The property market in Xiangjiang has been in crisis since the stock market plummeted. However, major real estate companies and real estate speculators in Xiangjiang have maintained the price and prevented the price from falling.
This time, because many middle class people are leaving, they are eager to dispose of the properties in their hands and start selling at reduced prices. Moreover, there are quite a few houses that have sprung up this time, and some families have several units. The price of the property market in Xiangjiang has exploded in an instant.
The real estate speculators are also anxious at this time. These middle class people are selling their houses. If they don't sell, these houses will be in their hands.
Many real estate speculators borrow money from banks to speculate in real estate. Once the real estate market drops sharply and they do not take action in time, it is very likely that the houses will be taken away by the bank and auctioned. If it is not enough to offset the loan by then, they will still need to pay back the loan.
They obviously cannot afford to wait for these debts.
Now that there are so many houses and facades popping up in Xiangjiang at once, it is obvious to everyone that the property market in Xiangjiang is on the verge of collapse. It is only a matter of time before it collapses. By then, a large number of Xiangjiang real estate companies will collapse.
The listed companies on the Hong Kong stock market are more or less related to the real estate industry. How can the stock market rebound?
It’s just that George LaVine himself understands that it’s useless. The headquarters still insists on their opinion and will not discuss the delivery contract with the Li Group for the time being.
George Lavin said, "You should always pay attention to the trends of the stock market. Once the margin is insufficient, report it immediately to the headquarters and ask them to contact the customer to inject funds to us to maintain this transaction."
After the investment manager left, George Lavine contacted Qiu Deba, the bank's major shareholder, and reported to him on the current situation.
This time, apart from what happened to Standard Chartered Bank in the futures market, the biggest impact on them was the thunderstorms of real estate companies. Many of their loan funds flowed into the real estate industry. Once problems arise in these real estate companies, their bank losses will not be
Yes, banks must prepare for these things in advance.
The current situation of Standard Chartered Bank is even more dangerous than that of HSBC, especially since their headquarters is not in Xiangjiang, which makes them vulnerable to runs by the citizens of Xiangjiang.
After stopping George Lavin's report, Qiu Deba said, "As for the futures issue, since the customers request to continue to hold it, we will follow their decision. I will contact the bank chairman to advise on this issue and ask these customers to report to them in a timely manner.
You put in the deposit here."
As for the real estate situation in Xiangjiang, Qiu Deba now has more headaches than George LaVine, and his own bank's problems are more serious this time.
Since they have only entered Xiangjiang in the past two years, in order to occupy the market and compete for customers, they are more lenient than Standard Chartered Bank in terms of loans. Many real estate speculators in Xiangjiang are customers of their bank. Once house prices plummet, their bank will suffer heavy losses.
Even if they take these properties back to the bank, the loss is not small. After the market price of these houses plummets, they are worthless. Their bank is the landlord, but it is a pity that no one takes over.
Qiu Deba is even more worried that there will be a run during this period. Their bank cash reserves are not sufficient, and if there is a run, big problems may occur.
The only thing that makes him happy is that they and the Li Group have turned enemies into friends, and the Li Group will not specifically target their industry. Otherwise, with the ability of the Li Group, there will definitely be a run on Xiangjiang.
At this time, Qiu Deba could only ask George LaVine to recover the bank loan as much as possible and strictly control loan applications.
Although Qiu Deba is currently the largest individual shareholder of Standard Chartered Bank, he is only a director of Standard Chartered. He cannot intervene in many things. At present, the Asian side is better, and he can still take care of it. At the London headquarters,
The most I can do is make a suggestion, and the specifics still need to be decided by the board of directors.
George Lavin said, "Mr. Qiu, one of our biggest problems currently is still the Jardine Matheson issue. Because we have a stake in Jardine Holdings Group, and this group is cross-shareholding with Jardine Matheson Land Group. Currently, Jardine Matheson Land Group
The group is experiencing difficulties in capital turnover due to the sharp fall in the stock market. Do we, Standard Chartered Bank, need to continue to inject capital into it?"
Before acquiring Jardine Matheson shares, Qiu Deba was not the largest individual shareholder of Standard Chartered Bank. He was unwilling to pay for the Jardine Matheson Group. The Li Group had been keeping an eye on Jardine Matheson, and he did not want to be a nanny for Jardine Matheson.
Qiu Deba said, "Jihe should not continue to invest. At present, you must tighten money to ensure that banks have sufficient funds to cope with possible crises in the future."