Chapter Two Hundred and Three Unpredictable Disasters
In the conference room of the Administration Department, most of the big bosses present looked unhappy. Today, the market value of their listed companies fell by as little as 5% and as much as more than 10%.
Banks are selling, institutions are selling, and investors are also selling. The market value of some listed companies has even been cut in half.
Many big bosses who are aware of the situation feel that they have suffered an unreasonable disaster. This is obviously a fight between the Xinjian Consortium and the United Consortium, and as a result, their industries have been affected.
Even though they are all rich people with hundreds of millions and billions of assets, that is all wealth on paper, and many people cannot even get out 100 million in cash.
Especially for companies with relatively high mortgage loans, the stock market crash has hit them hard, and they may even become insolvent.
Banks suffered a run, forcing these banks to sell their shares of listed companies, causing the stock market to plummet, which led to a significant drop in the market value of listed companies, which also led to a significant discount in the value of shares pledged by banks. Without making up the difference,
The bad debt rate of banks has increased, forming an endless cycle.
At the meeting, Kesos said: "I believe everyone knows the reason why the stock market fell sharply today. The stability of the stock market will be beneficial to everyone present.
I hope that everyone can buy shares of their own companies to convey confidence to the market, so that Hong Kong stockholders and investment institutions will continue to trust your companies."
It's a pity that there were only a few responses. Most of the big guys present didn't have much money. If they were used to acquire shares, it would probably affect other layouts.
Companies listed on the major stock exchanges in Hong Kong cannot repurchase their own company shares, which is why Kesos invited these controlling shareholders to come. It can only hope that these people will increase their holdings in the company's shares in the stock market.
In addition, if there are multiple listed companies, it will be more convenient. They can acquire each other's shares to achieve the purpose of protecting the market.
It's just that this aspect is only suitable for large forces. Most controlling shareholders currently only have one listed company, so it is difficult to operate in this model.
As one of the young leading figures in the business community in Hong Kong selected this year, Li Jianhui was also invited to speak at the meeting.
"The current stock market is indeed somewhat negative, but I am very optimistic about the future prospects. This is just an accident. I believe that as long as the financial situation in Hong Kong stabilizes, what has fallen will surely rise again.
I very much support Mr. Kersos’s opinion of maintaining the stability of the stock market. Tomorrow morning, I personally and Xinjian Investment Company will spend HK$2 billion to increase our holdings in listed companies.
I also hope that everyone will have the courage to shoulder their responsibilities, ensure the interests of investors, and safeguard the stock price of their own companies.
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Most people present were secretly cursing Li Jianhui for being shameless. If it hadn't been for the conflict between the Xin Jian faction and the United camp, how could they have faced such an unfavorable situation this time.
And Li Jianhui actually spoke righteously at the meeting about safeguarding the interests of Hong Kong stockholders and investors. They really wanted to use a ruler to measure how thick-skinned Li Jianhui was, so that he could make such remarks without blushing or heartbeat.
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After Li Jianhui, Nubigian, Swire, Charter King, Li Zhaoji, etc. spoke one after another, and they all stated that they would invest to increase their holdings of shares in their listed companies tomorrow morning.
"The stable income of Xiangjiang's finance and stock market is conducive to the better development of Xiangjiang. In order to avoid sudden major financial crises for individual companies, our government will begin to increase the supervision of listed companies tomorrow.
Especially those companies that have a large proportion of equity pledges and whose stock prices have dropped significantly will be the focus of our supervision, and we hope that everyone will cooperate with them."
This time we will not only supervise banks, we will also increase supervision of listed companies, especially those companies whose quality is not very good but whose equity pledge ratio is quite high.
This stock market crash will inevitably cause major problems for some companies with poor performance. In addition, banks are also having a hard time, and bankruptcy will be a high probability.
The government does not want these controlling shareholders to flee with their money and leave a mess for them.
Now that this crisis has occurred, they also want to clear out some unstable companies.
Moreover, Xosos believes that these big forces are adding fuel to the flames, so he will not remain a spectator. When the time comes, large-scale mergers and acquisitions will inevitably take place.
The business community will gradually form several major industrial clusters such as Xinjian, United, Huaxin, Xianghua, and Xinya, and completely enter an era of stability.
As for possible future troubles, this is not within the scope of Kesos's consideration. As long as Xiangjiang's economy develops rapidly during his term, it will be enough. It will have nothing to do with him in the future.
Moreover, this is also the current strategic plan formulated by Brian and even London, which is to accelerate the transformation of several major forces into the direction of the consortium.
And it is only the first step of their plan. Once there are changes in Hong Kong, they will let go of the Executive Council and even the Legislative Council and let these forces put their hands in. Whether it is the entry of core members or spokespersons, they will welcome it.
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When the time comes when policies conflict with the interests of these forces, Xosos believes that the spokesmen of these forces will definitely safeguard their own interests.
After the meeting, Xoxos also specially invited the leaders of listed companies with the highest market capitalization, such as Li Jianhui, Nubigian, Shi Huaiya, Li Zhaoji, Guo Desheng, Zheng Yutong, Li Chaoren, Rowlands Kadoorie, Kelun Standard Chartered, etc.
Went to the small conference room for talks.
It is hoped that major groups can issue more favorable announcements in these two days, and at the same time increase the stock prices of their own companies, attracting investors to invest funds in the stock market.
Hong Kong is so big. If the funds in the hands of these citizens do not flow into the stock market, but into other industries, prices will inevitably skyrocket.
Prices in various industries in Hong Kong have risen quite rapidly in the past two years. If the stock market cannot retain funds, it will be a huge blow to the economy of Hong Kong.
No one refused Kesos's request. Tomorrow will be a watershed in the stock market. The stock prices of leading companies may soar sharply, while those companies with relatively poor performance and lack of reputation may continue to fall.
Kesos did not just make demands, but also gave some benefits. The Administration Department will carry out a new round of infrastructure planning, including transportation, hospitals, schools and other aspects. These projects will consider several aspects as appropriate.
interests.
At the same time, some industries will be further liberalized, such as buses, aviation, film and television media, electricity, city gas, etc.
Li Jianhui was very happy in his heart, but on the contrary, Shi Huaiya, Kadoorie, Standard Chartered and even Li Shaoji didn't look good. They knew very well that the Xin Jian Department had been eyeing these industries for a long time. Because of MacLehose's restrictions, they had been
No chance.
Once they are let go now, the Xinjian group will inevitably plunge into this, and their interests will also suffer considerable losses.
It's a pity that the arm can't twist the thigh. Since Xosos said it in front of so many people today, it means that this is Brian's decision, and it may even be the request of the London government.