Chapter 650 [First Battle with International Speculators] Please vote for me!
In September, the Hang Seng Index fluctuated around ~ point, fell to around ~ point twice, then made two technical rebounds, and finally stood at ~ point at the end of the month.
In this environment, the daily transaction volume of the Xiangjiang Stock Market is about 12 billion to 15 billion, and the volume is 2 to 3 times larger than usual; and the investments of the "Lin Zuhui Family Office" were all successfully closed from the Xiangjiang Stock Market, and it finally took three days.
Within a month, 62.2 billion Hong Kong dollars were cashed out (the initial capital was 8 billion Hong Kong dollars).
By October, the Xiangjiang stock market was dominated by profit-making in the first half of the month, and a large amount of profit-making funds fled. Finally, on October 14, the Hang Seng Index fell to 20.
At this time, as the financial crisis has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places, some investors in Hong Kong have noticed the seriousness of the situation and foresee that Hong Kong may also be attacked.
As expected, US-funded international hedge funds, which have always regarded Asia as a 'cash machine', have already identified the weakness of the Hong Kong dollar's 'linked exchange rate', which has always been regarded as the cornerstone of Hong Kong's economy and finance, and have begun to move to Hong Kong.
The financial 'First War' is coming.
...
Wednesday, October 15th.
New Era Group.
At around 1 o'clock in the afternoon, Lin Zuhui was reviewing documents in the office. He moved very quickly, nearly twice as fast as a normal person. Don't think that he is a very sloppy person. In fact, his eyes and mind are different from ordinary people.
That's his normal work efficiency.
"Dongdong"
Assistant Li Ke walked in and reminded: "Boss, the official land auction officially starts in 45 minutes, you can consider leaving!"
Lin Zuhui looked at the Piaget Aura watch on his desk, then put it on his hand and closed the document.
Watches have been with him for many years, and he only has two or three watches of different brands. They were all bought when he was getting rich. Later, when he made more and more money, he had no interest in them. This is true for almost all luxury goods.
When he first became successful, Lin Zuhui also bought and sold. Later, when he made more and more money, he lost interest.
"Let's go and see how everyone is feeling!"
Li Ke didn't say anything, just showed a relaxed smile. Under the leadership of the boss, the company had already understood the danger, which allowed New Era Group to sit firmly on the Diaoyutai.
After walking out of the office, Chen Bin and several senior staff greeted him, and everyone gathered and set off together.
Lin Zuhui became interested in this official land auction and planned to go to the auction in person to see the 'jokes' of his colleagues; of course, he was indeed somewhat interested in a piece of land in this official land auction, so he had not participated in the auction in person for a long time.
He also plans to go for a walk today.
This official land auction was one week after Mr. Tung delivered the policy address. The Hong Kong government launched for the first time three land parcels located in Tuen Mun, Tai Po, and Kowloon Bay; among them, the Tai Po lot covers an area of 9.12 hectares (980,000 square feet).
It is the largest auction lot recorded in Xiangjiang.
[To be honest, I have been using the Huanyuan app recently to read and catch up on new books. It can switch sources and read aloud with many sounds, huanyuanapp. It can be used on both Android and Apple.]
A group of people took a car and arrived at the official land auction site in Central. The reporter at the door was surprised when he saw Lin Zuhui's motorcade; after all, Lin Zuhui had not held an auction in person for several years. It was either Chen Bin, the president of New Era Group, or Liang Zhenxun, the executive director.
Do it for you.
For a time, the reporters started talking one after another since they were unable to interview Lin Zuhui himself.
"Could it be that Mr. Lin Zuhui is optimistic about the property market in Xiangjiang?"
"It's impossible! New Era Group has cashed out tens of billions of properties in the past six months. It obviously predicted the coming real estate crisis!"
"Yes. In addition, the financial crisis is breaking out in Southeast Asia at this time. I don't know if Hong Kong can avoid it. At this time, all the major real estate developers are probably trembling!"
The reporters were having a lively discussion. After all, who doesn’t like to join in the fun regarding Lin Zuhui?
When Lin Zuhui came to the auction, all the major real estate developers were stunned, and then came up to say hello. At this time, almost all major real estate developers were second generation, such as Cheng Jiachun of New World, Huang Zhixiang of Sino Land, and Li Jiajie of Henderson Land.
, Sun Hung Kai Kwok Ping-kong and Kwok Bing-lian, Cheung Kong's Li Zeju.
"Lin Sheng came to the auction in person, it's really a rare visitor!" Zheng Jiachun was the first to greet him with a smile.
Although everyone is a good friend, they all use "honorific titles" and are very polite!
Lin Zuhui said with a smile: "Come here and see if you can pick up the leaks!"
Everyone was stunned at first, and then they all forced themselves to laugh. After all, they have to give face to the 'boss' of Xiangjiang! Lin Zuhui's words are also very interesting. The implication is that the mood of the major real estate developers must be trembling at this time, and they can no longer be 'arrogant'
Can't get up.
In 1996-1997, major real estate developers were very well fed and received many tens of billions of projects. At this time, they were already panicking.
For example, Sino Land acquired the land at the beginning of this year. The land price per square floor alone is around 6,000 yuan. If construction fees are included, the cost is 8,000 yuan. If it wants to obtain 20% profit, it must at least be sold at the unit price; in fact,
Above, housing prices in Xiangjiang will soon fall to about 4,000~5,000 (under normal circumstances), so Sino Land will suffer a lot of losses. Although it will not go bankrupt, it will also affect the company's development.
Lin Zuhui calculated that everyone was in a shaky mood, so he decided to come and see if he could miss the Dapu lot. Of course, the price was too high, so he gave up immediately. After all, the real estate hadn't really plummeted yet!
Everyone chatted briefly and then found their seats to sit down. There were not many consortia that came to bid, and there was no foreign capital at all.
The auction begins.
When the land in the Oura area was auctioned, everyone couldn't help but take New Era Group as a reference and frequently watched the bidding.
Lin Zuhui's quotation was very normal. With the mentality of picking up the slack, he kept bidding the price of this land to 5.6 billion yuan; the average land price of this price is already 4,800 yuan, plus the construction cost, it will be about 6,500 yuan. For
Before October, there was still a lot of profit to be made from the property prices in Xiangjiang (yuan unit price). However, it is obvious that Xiangjiang real estate is on the verge of plummeting, so for many real estate developers, this price is just trembling.
Dare to bid again.
In the end, New Era Group successfully won the land.
Of course, Lin Zuhui knew that this piece of land would not make much money in the past five years, but if you cover it up a little, you can make a lot of money. Moreover, the price was already 20% to 30% cheaper between 1996.1 and 1997.8.
For this piece of land, even if the money that was not spent this year is used to make up for it, it is still a saving of 20 to 30%; not to mention, Lin Zuhui also likes to do this kind of large-scale housing estate projects.
After the largest piece of land was acquired by New Era Group, major real estate developers seemed to have regained some confidence and began to compete for the other two pieces of land.
Among them, Li Zeju performed the best. At this time, his idea was that since Lin Zuhui came to acquire the land, it meant that Xiangjiang Real Estate would not collapse; moreover, Cheung Kong Holdings' cash flow was also good.
In this way, the remaining two plots of land were acquired by the Cheung Kong Group. Compared with before, the price was definitely a lot lower; but compared with the current market environment, it was considered ideal.
In the afternoon of that day, the news of the official land auction was published in the evening newspaper. Lin Zuhui's appearance stabilized the local market slightly; but it still could not change the fact that the transaction price of the official land auction was average. Obviously, the panic was still there.
.......
New York.
Soros was sitting in the office of the Quantum Fund, looking very relaxed and calm. At this time, his assistant came to his office.
"boSS, everything is ready for Xiangjiang's work, and the major Wall Street institutions are also fully prepared. Just waiting for your order, Xiangjiang's finance will plummet in response!"
Soros nodded and said: "Hong Kong has the world's third largest foreign exchange reserves. Obviously it cannot be like Thailand, the Philippines, and Malaysia. So our initial target is not the Hong Kong dollar, but the Hong Kong stock market."
The assistant smiled and said: "We have set many traps in the foreign exchange, stock, and futures markets and shuttled them flexibly. The Hong Kong government will not be able to cope with it no matter what, so Hong Kong will be like Southeast Asia."
Soros shook his head and said: "Dealing with Xiangjiang cannot be done in one fell swoop, so I have already predicted that Xiangjiang will need to be attacked multiple times to truly collapse its financial sector. Of course, I am very confident that Xiangjiang is still our Wall Street's 'Cash machine'. I want to see what the stock god can do in the face of Hong Kong's financial collapse!"
'Stock God' Lin Zuhui is more famous on Wall Street than Buffett. Netscape, Yahoo, Amazon and other Internet companies have gone public, and Lin Zuhui, a venture capitalist, has surfaced; also, Lin Zuhui is the founder of Microsoft, Citigroup, Starbucks, Kingston, Apple and other American companies. Being an important shareholder of the company has made him famous far and wide; what's more, Lin Zuhui's own wealth growth is even more legendary.
The assistant said seriously: "He won't think of a way, because he has no way. But he is really good. It is said that his stock investments are frequently cashed out in July and August, and his sense of smell is not generally sharp. Moreover, his real estate company sold out in the first half of the year I have sold properties frequently and it is said that I have made a lot of profit."
Hearing this, Soros was a little disappointed. It was a pity that he did not defeat Lin Zuhui head-on. You know, everyone on Wall Street knows that Lin Zuhui is a victorious general in foreign exchange, futures, gold, and oil, and can be called an idol on Wall Street. Suppose Lin Zuhui is an American and has already been praised to the sky. But Lin Zuhui is Chinese, so people on Wall Street want to defeat Lin Zuhui, but unfortunately the difficulty level is too high.
"To defeat Xiangjiang's finance and economy is to defeat Lin Zuhui. After all, Xiangjiang is his base camp!"
"Certainly possible!"
.......
In the blink of an eye, a new week has arrived.
On October 21 (Monday), international speculators began to launch a fierce attack, selling Hong Kong dollars and short-selling Hong Kong stocks, thereby raising the interbank interest rate in Hong Kong, which caused extreme anxiety and panic among investors. The Hang Seng Index plummeted in response, and it fell sharply on Monday.
Plunged 630 points.
The next day, Morgan Stanley, which echoed the sentiments of international speculators, publicly stated that it would reduce its investment proportion in the Asian market, and pointed out that Asian stock markets were already in a dangerous downward cycle, and that the second wave of decline in Asian stock markets would even be driven by Hong Kong.
New Era Group.
In the office, Lin Zuhui saw Morgan Stanley's "alarmism" and couldn't help but sigh at the strength of American finance. They have the final say on credit ratings and downgrades. If they downgrade you, your stock market or stocks will fall.
Take Morgan Stanley for example. Its remarks are enough to put 90% of investors in Hong Kong into panic, and it is just an investment bank in the United States. That's it.
Sure enough, the Hong Kong stock market plummeted by 570 points again that day, and panic spread again.
In the evening, Lin Zuhui summoned the finance ministers of his five listed groups for a meeting.
In the conference room, Lin Zuhui said: "According to the current trend of the Hong Kong stock market, please be prepared to issue an announcement tomorrow evening to inform our shareholders of the company's cash flow situation and overseas securities investment profile, and remind them not to sell our stocks at will to avoid causing serious consequences.
Unnecessary loss."
At this time, the Hang Seng Index has fallen to the point. Looking at this situation, the decline will be more severe on Wednesday and Thursday, and it is expected that it may fall below the point.
This wave of offensive was so powerful that Lin Zuhui was also worried that the changes would be too great. If he did not respond in time, it would have serious consequences. Moreover, the first wave was already so powerful, and there will be two more sniper attacks next year, which will be so brutal.
Therefore, it is better to keep the stocks of its listed companies, and hope that this will lead to a rebound in the Hang Seng Index.
Liang Zhenxun, the 'Finance Minister' of New Era Group, said: "Well. New Era Group's stock has dropped by nearly 20% from the peak of 480 billion. Today's closing price is only 395 billion, and it has fallen below 400 billion. It is really terrible.
You know, our cash plus stocks exceed 150 billion, and we have a lot of assets in Europe and the United States."
Several other finance ministers couldn't help but be surprised, is Big Brother so awesome?
This chapter is not over yet, please click on the next page to continue reading! Zhao Han, the Finance Minister of Wanhui Media, said: "The US stock market value of our cash flow family has exceeded 10 billion. The market value has fallen below 30 billion, and some are dissatisfied by stock investors.
worth."
A group of finance ministers started to communicate one after another. The group had to make an announcement anyway, so it was natural for everyone to share their experiences. Overall, the minimum cash flow of each listed group is 10 billion plus the market capitalization of European and American stocks.
After some exchanges, everyone discovered that the boss seemed to have expected this day, so he had allowed the company to ensure sufficient cash flow in recent years. At the same time, he also invested the company's cash flow in stocks overseas, especially in Europe and the United States.
.
What does this mean?
This shows that the boss seems to have already anticipated the Asian economic bubble, so he has allocated assets to Europe and the United States to share possible risks.
God!
Everyone thought with admiration.
Finally, Lin Zuhui said: "This announcement is not for investors to buck the trend, but not to hand over the chips in their hands easily to stabilize the stock price of our own company, so you should control the scale."
"Okay, boss!"
After the meeting with several finance ministers, Li Hao, the investment manager of the family office, also came to Lin Zuhui's office.
Lin Zuhui said to him: "If the Hang Seng Index falls below the point, you should prepare at least 20 billion Hong Kong dollars to enter the market and buy those blue chip stocks. Make sure that the Hang Seng Index does not fall below the point."
He thought about it and finally thought that if he ‘doesn’t make the last copper’, then he should ‘don’t buy the lowest price’.
In the first incident of international speculators sniping at Xiangjiang, he also had to have a bottom line, which was the point.
Li Hao nodded and said excitedly: "No problem, I will definitely arrange it!"
He understands that the boss must be optimistic about Hong Kong's future economy, so this time the family's Hong Kong stock funds will be cashed out at the current point, and part of it will be taken back at the current point. The difference in price is also the behavior of a master of "doing t".
Of course, the premise is that the boss is optimistic and optimistic about Hong Kong's future economy.
In fact, there is no doubt about this. The boss is the "Commercial Governor" of Hong Kong. He is not just making money in Hong Kong, but building Hong Kong. Why do you say this is because "revitalizing Hong Kong through culture" and "revitalizing Hong Kong through science and technology" were proposed by the boss.
, as well as the boss’s donations to major universities in Hong Kong, as well as the idea of the ‘Cyberport’ project, etc., these can all show that the boss has a very deep feeling for Hong Kong.
"Keep a low profile and don't expose the family office!"
"OK!"
The investment of the family office adopts the principle of offshore and decentralization, because they do not want outsiders to know the specific situation of Lin Zuhui's assets.
........
At the same time, the Hong Kong Monetary Authority only responded passively. The measures were to increase short-term loan interest rates, sell U.S. dollars to absorb Hong Kong dollars, and increase interbank interest rates. The rise in interest rates will increase the cost of speculation. Therefore, although this move is passive, it is also
This puts some restrictions on international speculators.
But what is certain is that the international speculators will make huge profits (billions of Hong Kong dollars); but the original intention of the international speculators is to defeat the Hong Kong dollar exchange rate in Hong Kong, so it is hard to say who will win and who will lose.
It can only be said that the situation is better than that in Thailand, Philippines, Indonesia, and Xiangjiang.
.......
The next day (Wednesday), the Hang Seng Index plunged another 760 points.
However, the hedge funds did not defeat the Hong Kong dollar in the first round of sniping. This is an ironclad fact.
In an office building in Central, international speculators gathered together to discuss tomorrow's strategy.
Soros of Quantum Fund also came to Xiangjiang in person.
"For three consecutive days, we have sold nearly 60 billion Hong Kong dollars, but Hong Kong has a lot of foreign exchange reserves, so the Hong Kong dollar has not collapsed yet. Tomorrow we will launch another offensive to make the Hang Seng Index fall at least 1,000 points," Soros said calmly.
.
A group of international speculators are extremely excited. Defeating the "Four Little Tigers" in Asia is not a real achievement. Defeating the "Four Tigers" in Asia is the real achievement. Therefore, defeating Xiangjiang is an exciting thing.
"No problem, we will launch a fierce attack today. Let's work together to defeat the Hong Kong exchange rate and the Hong Kong index."
Everyone showed cruel smiles.
However, what they don't know is that five listed companies owned by Lin Zuhui have held press conferences one after another and are preparing to issue announcements in tomorrow's morning paper.
Four of these five listed groups are blue-chip stocks. Octopus Bank, which is not a blue-chip stock, does not lack strength, but has just been listed. In terms of strength, Octopus Bank can certainly be regarded as a blue-chip stock.
The important thing is that Lin Zuhui's five listed companies account for more than 15% of the total market value of the Hong Kong stock market. This is the best strength. To be honest, assuming that Lin Zuhui publicly comes forward to challenge international capital, then the Hang Seng Index will be below 10 points in this round.
It's almost impossible. In addition to the huge cash flow of his listed companies plus European and American stocks, what's more important is that Lin Zuhui has 'leadership' attributes.
The reason why Lin Zuhui did not publicly jump out to challenge international capital was because he also wanted the Hong Kong stock market and local markets to cool down so that he could buy the bottom.