Chapter 651 [Small defeat of international speculators]
Thursday, October 23rd.
The citizens of Xiangjiang got up early one after another. Their moods were very heavy, even panicked and anxious, like zombies walking around.
The same is true for Li He and his wife. They had just bought a house with a loan in July, and now they have encountered international speculators attacking Xiangjiang Financial. They have simply lost their money.
"Husband, what should we do with the properties we invested in? We still have more than 300,000 yuan in stocks. Do you want to sell them today?" Li's wife said in panic.
Li He looked at his panicked wife, his eyes were bloodshot, and it was obvious that he had not slept well recently; however, he was also very agitated and had no intention of comforting his wife.
"I'll buy a newspaper and then we'll talk!" After saying that, he hurried out, leaving Li's wife with a worried look.
"Those international speculators who kill thousands of people are evil!" Li's wife cursed.
On the other side, Li He was also thinking about whether to sell stocks while going downstairs.
But is this important?
Obviously it is not the most important thing. He is now concerned about whether the house price will fall. After all, the house is worth 8.5 million and the stock is only more than 300,000. In fact, it was more than 500,000 at the beginning.
"If I had known earlier, I should have cashed out the stocks and bought a house. This would have saved me a loss of 200,000!" Li He complained to himself.
"The company has also suffered a lot of losses recently, so nothing will happen to it! What should I do? What should I do? Once the company cannot sustain itself, my job will be gone, and how will I be able to repay the mortgage!"
Li He was walking like a zombie, and there were many such people on the street.
People in Xiangjiang like to gamble, so they like to put their money in the stock market and real estate. Because of this, the market value of the Xiangjiang stock market this year reached a maximum of 4.8 trillion, which is much higher than that of Singapore (population and area are about the same). But now, the stock market crash and real estate plunge are coming.
So many people are affected!
Arriving at the newsstand, Li He said: "Boss, get a copy of the Economic Daily!"
The newsstand owner seemed to be speculating in real estate and stocks, but he was in a slightly better mood at this time, so he couldn't help but say: "There is big news today, the stock god Mr. Lin Zuhui has taken action!"
Li He didn't have a good impression of Lin Zuhui. After all, he bought a house from the New Era Group, so he couldn't help complaining: "If he takes action, he will take action long ago. He sold the property at a high price early and sold the stock at a high price early."
, earning once is enough for Zhang Ziqiang to rob dozens of times!"
It took Zhang Ziqiang two robberies to get HK$1.6 billion. New Era Group was said to have cashed out tens of billions of properties in the first half of the year, so it was really enough for Zhang Ziqiang to rob dozens of times. Not only that, although the Lin Zuhui Family Office stock cashing out was secretive, it was more or less leaked.
There is a lot of news. At least the citizens of Xiangjiang know that Lin Zuhui cashed out a lot of stocks in July and August.
The newsstand owner smiled bitterly and said: "That's also other people's fault. When others cash out, no one listens. Now that we have lost money, we have no choice but to admit defeat." He invested in few stocks, so it was not a tragedy.
Li He didn't want to argue, so he picked up the newspaper and left, reading as he walked.
Soon he discovered what the newsstand boss called good news, which was that Lin Zuhui's five listed companies had issued announcements one after another, announcing the liquidity in their accounts and the overview of overseas investment stocks.
"Fuck, New Era Group has 150 billion in cash flow and European and American investment securities. I'll take a share of it!" Li He cursed.
At the same time, many citizens in Xiangjiang also read the morning newspapers. For those shareholders who hold New Era Group, LEIt Group, ATV Group, Wanhui Media Group, and Octopus Financial Group, it is finally a ray of warm sunshine in winter.
The announcements made by the five companies are very clear, that is, the company's cash flow is very abundant, and overseas investment securities have made huge profits. It would be a fool's behavior for investors who hold their stocks to sell in a hurry under such circumstances.
Take New Era Group as an example. Its cash flow plus European and American stocks is 150 billion. The company owns a large number of properties and assets in Europe and the United States, and its market value is absolutely guaranteed. It has a market value of at least 400 billion, which is a stable value.
Therefore, it is inevitable that investors who hold the stocks of these five companies will immediately give up the idea of selling.
"It's amazing. Mr. Lin Zuhui saved the market, and the Xiangjiang stock market is saved!"
"The total market value of Lin Zuhui's five listed companies accounts for 16.5% of Hong Kong. They have a total cash flow of more than 200 billion and European and American stocks. They are very stable and definitely worth continuing to hold."
For a time, stockholders exchanged their opinions one after another. The mentality of stockholders who held the stocks of Lin Zuhui's five listed companies immediately stabilized.
........
Soros's assistant also hurried to his office in Xiangjiang and told Soros the news.
"What, you actually have so much cash and European and American stocks?" Soros suddenly stood up.
It’s not surprising that he was surprised. After all, this is a chaebol group that accounts for 16% of the Hong Kong stock market. If the group’s stocks can maintain their decline, it will have a very stable effect on the entire stock market.
"Yes, with such sufficient cash flow, these five company groups may not fall!" the assistant said worriedly.
Soros paced back and forth in the office and said firmly for a long time: "I believe that if other stocks plummet one after another, under the overall market environment, these five companies will not be able to make any waves, and panic will also occur. Tell the major investment institutions
, we attacked as agreed, today is a very critical point, the Hang Seng Index plummeted by at least 1,000 points!"
"OK!"
The assistant left immediately to contact major institutions.
And Soros continued to think in the office. At this time, he couldn't help but sigh: "The God of Stocks, he deserves the title of God of Stocks! As for the ability to predict risks, not many people on Wall Street can have this ability. The important thing is that
, he is a god of war in all investments, even venture capital investors are very lucky."
"However, the defeat of the Asian economy this time is the national policy of the United States, and it cannot be controlled by Hong Kong people. Hong Kong's economy and finance must be defeated!"
This Asian financial crisis is indeed what the United States wants to see. Its fundamental purpose is to completely open up the entire Asian financial market so that American capitalists can invest unimpeded and no longer be restricted.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! And American capitalists are all veteran capital, and Asian finance is like a three-year-old child in front of them, so it seems to be just open-ended investment, but in fact it is no less
plunder directly.
Just like when Hong Kong capital enters the mainland, no matter whether it is strong capital, management experience, etc., mainland enterprises are just children.
........
In the morning, Ren Yizhao from the Hong Kong Monetary Authority hurriedly came to Lin Zuhui's office. He also read the newspaper in the morning and saw the announcements of Lin Zuhui's five listed companies. He suddenly seemed to have encountered a bright light and hurriedly took the initiative to communicate with Lin Zuhui.
In his office, Lam Cho-fai entertained the Chairman of the Hong Kong Monetary Authority, Yam Chi-gang. In his previous life, he could only do one trick: "raise interest rates and cut high interest rates", so he was called "either move". Of course, the reason why the Hong Kong dollar did not collapse in the previous life was not at all
The reason is that Hong Kong's foreign exchange is the third largest in the world, second only to the mainland, with a total of US$85 billion.
Xiangjiang has a population of only 6 million, which is equivalent to US$14,000 in foreign exchange per capita, which is very abundant. As for the US$120 billion in foreign exchange in the mainland, it is more of a deterrent effect, and it can be used there.
The abundance of US dollars and foreign exchange means that the Hong Kong Monetary Authority can follow up on whatever Hong Kong dollars are thrown by international speculators, so that the foreign exchange will not be exhausted and the Hong Kong dollar will not lose ground.
In South Korea and Thailand, the government no longer has U.S. dollars in foreign exchange, so it cannot maintain its currency exchange rate. Then the Domi-Bone effect broke out and financial ruin occurred.
"Lin Sheng, thank you for issuing an announcement at this time to stabilize the Xiangjiang stock market!" Ren Yizhao said excitedly.
At this time, the Hong Kong Monetary Authority did not enter the market, buy blue chip stocks, and stabilize the Hong Kong stock market. However, it does not mean that they do not want to do so. After all, international speculators attack Hong Kong finance through multiple channels, including Hong Kong exchange rates, Hong Kong futures, and Hong Kong stocks. Once one party loses
, that is the comprehensive impact.
Lin Zuhui said with a smile: "We have this obligation to maintain the stability of the group's stock price, and I don't want shareholders to lose their money in vain."
Ren Yizhao nodded. After all, Lin Zuhui is just a businessman. He has no direct obligation to participate in protecting the Hong Kong dollar. The key is that other Hong Kong businessmen cannot protect themselves, so how can they have the strength to participate in such a thing!
It can be said that other Xiangjiang businessmen still hope and even ask the Xiangjiang government to maintain the financial stability of Xiangjiang, and they will be able to help.
Only this person can quietly issue a "shattering announcement", which is enough to stabilize 16% of Xiangjiang's market value, and can also drive the stability of other blue-chip stocks.
"Lin Sheng, how determined do you think the international speculators will be this time?" Ren Yizhao asked humbly. After all, sitting next to him is a world-class financial god with a broad vision that he does not think he can match.
Lam Cho-fai said calmly: "No matter how determined they are, I believe that the Hong Kong Monetary Authority can maintain the stability of the Hong Kong dollar. This time, international speculators cannot achieve their real goal. However, what is certain is that international speculators will come back and fail to achieve their goal."
The purpose will not rest, so if it ends this time, your Monetary Authority can consider how to respond to the next crisis."
Ren Yizhao nodded and said, "Thank you, Mr. Lin, for your advice. I'll go get busy first!" He listened, but he was really busy.
Lin Zuhui got up and sent it off first!
........
When the stock market opened in the morning, there was indeed a large amount of selling, and the market was very panicked for a while.
However, a large number of investors also discovered that Lin Zuhui's companies did not plummet, with a drop of less than 1%. The most exaggerated thing is that New Era Group's stock is green, which means it is rising.
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The lobby of a securities company was crowded with investors, who were looking at the stocks on the electronic display.
"Awesome, New Era Group has bucked the market trend and risen!"
"Aren't you talking nonsense? I only hold tens of thousands of shares of New Era Group. No matter how much the market falls, I will not sell one share. With a cash flow of .75 billion, plus 80 billion in European and American stocks, New Era Group has a market value of 400 billion."
It’s not worth it, it’s just a joke.”
"I also hold New Era Group shares, and I don't plan to sell one share, and I plan to buy some today. I believe Mr. Lin Zuhui, since he has predicted the Asian financial crisis, then I believe that New Era Group has so much cash
, will be fully utilized by him to buy the bottom of Hong Kong, or increase overseas investment. These will be New Era Group's not only no losses in this financial crisis, but also a big opportunity!"
People in the hall echoed one after another.
You should know that at this time, Xiangjiang's market value was only about 3 trillion, and New Era Group's market value accounted for 12%.
Therefore, the Hang Seng Index soon began to stop plummeting, and the overall index was running at ~ point. In other words, the drop today was only 500~700 points.
Although it has also plummeted, it is very different from the goals of international speculators, especially the intensity of short selling by international speculators in groups.
.......
"How could this happen?" Soros growled filial piety.
Isn’t this a matter of course? A group that accounts for about 18% (increased) of the total market value is almost one-fifth of the total market value of the Hong Kong stock market. It did not join the decline and even rose slightly. It affected not only 18% of the total market value.
The market capitalization may also be affected by other blue chip stocks.
In fact, there is another key issue here. The cash flow of Lin Zuhui's five listed companies and the market value of European and American stocks are a big determining factor. There is also a hidden factor: the shareholders of Lin Zuhui's company have a lot of feelings for Lin Zuhui himself.
Great self-confidence, because Lin Zuhui is the god of stocks and finance, with keen prediction ability and super management ability.
.......
Cheung Kong Group.
Li Chaoren was in the office, looking at the announcements from New Era Group and other companies with great envy. Such abundant cash flow really made people envious.
Cheung Kong Group also has a cash flow of more than 20 billion, so it fell 3% today, but this is obviously due to the performance of New Era Group, and the entire blue chip stock has stabilized.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Baba, I plan to sell the stratified units at Luyin Villa at Hong Kong dollars per foot, while the independent houses will be sold at Hong Kong dollars per foot." Li Zeju left.
He came in and spoke.
Li Chaoren raised his head and couldn't help but said: "Now that the market has started to fall, isn't the price too high?"
At this time, Li Chaoren had announced that his son Li Zeju would take over and would hand over the long-term responsibility to his son, so Li Zeju was responsible for these matters. Although Li Chaoren felt that something was wrong, he still did not directly deny it.
Li Zeju said: "The agent said that there is no problem in selling at this price, the market has not collapsed, and I believe that the quality of our properties is very high, and it will be very popular with the market!"
Li Chaoren shook his head in his heart, but he still didn't want to hurt his son, so let him 'suffer'!
"Okay then, just do what you want!"
"OK"
Li Zeju left the office with confidence. A few days ago, at the auction, he saw Lin Zuhui buying the Dapu lot, and his heart immediately became excited. Since Lin Zuhui was optimistic about the city of Xiangjiang, he was also optimistic about it, so he bought it at a 'high price'
The other two lands.
At the same time, this time Luyin Villa was put on sale for the first time, and he also chose not to lower the price; there were three reasons why he chose not to lower the price:
First, what happened at the last auction made him think that the local market was pretty good.
Second, based on the reference given to him by the agent, they almost all believed that Luyin Villa was worth that price.
Third, he believes that Cheung Kong’s properties are of good quality and there will be no shortage of buyers.
However, what Li Zeju didn't know was that he would soon taste the 'bitter fruit of failure'. The internal subscription of Luyin Villa ended miserably, and even the 20% price reduction was stagnant. Of course, this is a story for later, so I won't mention it for now.
.....
On October 23, the Hong Kong stock market could be described as a "battle between long and short". International speculators wanted to suppress the Hang Seng Index to just below 10 points, but in the end it ended at 100 points, falling 550 points throughout the day.
In other words, the strongest strength of international speculators was a similar drop to the previous one. Obviously, they failed. After all, their goal was to reach more than 1,000 points. On this day in history, it even plummeted to 1,200 points.
The fundamental reason is that the stocks of Lin Zuhui's five companies are strong, and even rise instead of falling.
Shareholders were talking a lot, and even the chief executives of major listed companies were lamenting.
"Lin Zuhui is truly a god!"
.......
Due to the Hong Kong dollar's persistence despite attacks by hedge funds and the superhuman performance of Lam Cho-fai's five listed companies, the stock market rebounded sharply on October 24 and rose to the level of 10.0 points.
However, hedge funds remain focused on the Hong Kong dollar and continue to prepare for attacks.
Of course, the market is closed on the weekend, and no matter how awesome the financial battle is, it cannot compete with the weekend.
It was probably with this idea that Li Fushu directly unplugged the "network cable of the Stock Exchange" and closed the Hong Kong stock market for four days. Unfortunately, it did not have much effect, and instead aroused greater panic.
In fact, the whole of Hong Kong is in a state of panic at this time, people are not interested in working, sleep quality is very poor, and weekends are a torment instead of relaxation.
Investors are all wondering, will the stock rise next week, or will it plummet?
Citizens who own properties are wondering whether real estate will plummet?
Only Lin Zuhui is thinking about dating that woman on the weekend!
In fact, the so-called stock market and local market have nothing to do with him. As long as the Hong Kong dollar does not lose, his wealth will not decrease; of course, once the Hong Kong dollar falls, his assets will naturally shrink because he holds Hong Kong dollars.
Most of them.
Therefore, if Lam Cho-fai had not known that the Hong Kong dollar could hold its own, he would not have done just this.