Soros and international hot money come and go quickly. This time they obviously just ran away with the attitude of making a fortune and did not want to fight with Xiangjiang.
After Thursday and Friday, the second Monday, the stock market and foreign exchange market began to calm down, but the Hang Seng Index plummeted by thousands of points in two days, a drop of up to 13%, which was definitely a hit.
After this decline, it will not take a day or two to rise, and it has caused many sequelae.
For example, at Xinyu Investment Company, Li Yuhang gave them 1.5 billion US dollars and began to acquire shares of some more promising companies in Xiangjiang, such as Hengji, Sun Hung Kai, and New World Development.
In addition, we also slowly absorbed shares of Jiahe and Chinese Real Estate in the stock market and took action quietly, which would give the opponent a fatal blow.
It is also because the gap between ATV and Wireless is too big, and the TVB station is incredible, and the Asian market does not even go public. So Li Yuhang had no choice but to acquire ATV, so he had no choice but to communicate with Lin Boxin.
Fortunately, Lin Boxin has long been not very concerned about ATV and has long been in the mood to sell off. She is just waiting for a good sucker.
As one of the top ten richest people in Xiangjiang, Lin Boxin thought of making great achievements in the film and television media industry when acquiring ATV.
Unfortunately, in the 1990s, several wrong investments and two incompetent heirs caused heavy losses to his Lin family. The wealth has increased extremely slowly over the years, which has long since slipped from the position of the top ten richest people in Xiangjiang.
This storm also affected the Lin family, and it also increased his determination to sell out the goods in his heart, which basically could not bring him benefits.
Li Yuhang is not in a hurry at all. This storm has just passed and many of the influences are still fermenting. Now we just need to make a plan quietly. When the time is ripe, we will naturally be able to capture it.
He can hold on, but others can't hold on. The impact this time is too great. Those companies with less debt are fine, but those who rely on bank loans to expand desperately will be in trouble.
Moreover, Xiangjiang is the capital of finance, with thousands of investment institutions in various sizes here. Not every one of them is a smart person in this incident, but not one or two of them went bankrupt because of investment mistakes.
There are many people who make a living by trading stocks in Xiangjiang. They were once a wealthy class and were already penniless in a blink of an eye.
It is naturally not easy for banks to have a financial crisis. There are quite a few bad debts added to banks, and large banks can still support them, but some small and medium-sized banks are hard to say.
Just as Li Yuhang's plan was steadily advancing, the Xiangjiang government sent him a rare invitation letter to attend the Xiangjiang Financial Summit organized by the Xiangjiang Government.
In addition to him, Xu Xinrong, the general manager of the famous Xinyu Investment Company, also received an invitation.
Moreover, the main topics of this meeting have been spread, that is, to maintain financial stability in Xiangjiang and ensure that Xiangjiang's development is not affected.
Although Li Yuhang knew that such a meeting was not very useful, after all, no one except the government wanted to be the sucker. But since the invitation has been sent, even if he went through the motions, he still had to go there.
The facts and Li Yuhang's guess are not very different. They all said that they suffered heavy losses and were unable to help other companies. It is obvious that they want to stay out of the matter, and it is not even ruled out that some of them are preparing to acquire them when these companies are about to go bankrupt.
In the business world, such things are really normal, especially since Xiangjiang is no longer the Xiangjiang decades ago. At that time, foreign companies were suppressed, so the Chinese people in Xiangjiang joined the group and were willing to lend a helping hand.
Now, unless it is an alliance, it would be nice not to take advantage of the situation, and there would be no timely help.
As for Li Yuhang, he doesn't have any bank now, so it's even more impossible to help these things. Unless he is willing to let Li Yuhang invest in shares, he will not do it just by borrowing money.
The bank borrows money from the depositor, and if Li Yuhang borrows money, it is his own. No matter how rich he has, he will not be able to play like this.
However, this meeting was not without results. Some bigwigs promised to repurchase some of their listed companies on the stock market to stabilize the Xiangjiang stock market.
Li Yuhang even expressed that he was very optimistic about the future of Xiangjiang and was willing to do his best to dig up 500 million US dollars of its own industries into the Xiangjiang stock market to provide assistance to Xiangjiang's stability.
The big guys who knew the inside story were speechless about Li Yuhang's expression that I had done my best. This guy was too shameless. Obviously, he wanted to enter the Xiangjiang stock market and buy some high-quality stocks. Now he is still showing off his own style.
I give my all without asking for reward.
500 million US dollars, which is 3.9 billion in Hong Kong dollars. It sounds like a lot. More than half a year ago, Li Yuhang made more than this loan from Bank of East Asia and HSBC.
These few months have passed, and only God knows how much money Li Yuhang has in his hands, except for Li Yuhang and the senior management of the Jianan Group.
However, the Xiangjiang government is still more certain and grateful for this. If every family in Xiangjiang is ordinary, Li Yuhang will pay 500 million US dollars like this, then they don’t have to worry.
Unfortunately, this is just thinking about it. Most of these families are fixed assets. If it is cash, no one except a few families can keep so much cash at any time.
Dong Jianhua spoke at the end of the meeting: "Xiangjiang is our root. Only when Xiangjiang prospers and develops can our industries develop better. I hope everyone can work together to get Xiangjiang out of this impact as soon as possible."
Li Guobao, Chairman of the Board of Directors of Bank of East Asia, is now full of confidence. He said: "As the first Chinese bank established in Xiangjiang, our Bank of East Asia can have today's development, and if there is a short-term turnover.
If it is not open, our East Asia Bank is willing to provide support.”
After swallowing Hang Seng Bank, HSBC has always regarded Bank of East Asia as a major concern. It seems that Li Guobao is preparing to win over the Chinese families, so how can Alton sit there?
"We have risen in Xiangjiang, and the bank headquarters is also in Xiangjiang. We have the responsibility and obligation to contribute to Xiangjiang's financial stability. If companies in need can meet our HSBC assessment, they will be able to obtain our foreign exchange loan support."
These bigwigs have long been used to the fight between HSBC and Bank of East Asia, and the fight between the two sides has never stopped in the past few decades.
Although HSBC completely crushed the Bank of East Asia, with the support of the Chinese family and Xiangjiang citizens, if it is just the Xiangjiang market, HSBC may not be able to suppress the Bank of East Asia, regardless of the advantage of issuing the banknotes.
If you ask why Li Guobao is so confident this time, it is because after reaching an alliance with Li Yuhang, Li Yuhang had $2 billion in the Bank of East Asia, which was prepared for the acquisition of the automobile manufacturing company.
From the current point of view, it is unlikely that Li Guobao can use this fund without a year or two without a year of negotiations.
With the statements of these two major banks, and with the same statements from Bank of China and Standard Chartered, the people present were very happy, at least in times of difficulty, there were still several major banks willing to lend a helping hand.
As for Li Yuhang, he naturally wouldn't speak without a bank, and it wasn't his turn to participate in this regard.