This round of bank runs came and went quickly. In less than a week, the situation calmed down completely. However, behind this was the fact that countless founders of small and medium-sized banks lost the industry they had worked so hard to build.
It's a pity that the banks have temporarily stabilized, but the stock market is still in a state of ice and fire. The market value of the core industries of several major consortiums such as Jardine Matheson, Swire, Hang Lung, Wheelock Holdings, Whampoa Holdings, and Wheelock Properties has hit new highs.
In addition, the stock prices of a large number of listed companies with weak strength and low profits have continued to fall, causing many companies to become insolvent, especially those with high mortgage loans.
The main reason for this situation is that after this turmoil, investors are more willing to believe in these well-known and powerful companies, and they have sold their shares with low potential to buy shares of these companies.
As a result, a large amount of money poured into these companies, while those companies that were not well-known and had poor performance were ignored, which resulted in the current polarization.
Because many companies are facing bankruptcy and delisting, this is also a big blow to the major exchanges in Hong Kong.
Especially for the Far East Exchange, in order to accelerate development and catch up with the Hong Kong Exchange as soon as possible, the Far East Exchange is relatively not too strict in its listing review.
This incident also made the Far East Exchange the hardest hit area for delisting of listed companies. In just three days, five companies were suspended from trading.
In order to boost the confidence of investment institutions and shareholders in the Far East Exchange, Li Fuzhao specially came to Wheelock Building to visit Li Jianhui on Thursday afternoon.
"Second uncle, what brought you here to me? Please sit down."
After Li Fuzhao sat down, he smiled bitterly and said: "Jianhui, my uncle came here to ask for your help this time. Due to the impact of the past few days on the Far East Exchange, many investors and investment institutions have lost confidence in it, and many have already transferred
Went to the Xiangjiang Exchange.
I hope that Jiayi Group, Huangpu Shipping Group, Lane Crawford and Watsons can be listed in advance and help the Far East Exchange gain popularity."
Li Jianhui has no opinion on the timing of the listing of several companies. His previous planning was more based on the procedures of the Far East Exchange.
However, Li Jianhui still reminded Li Fuzhao that in the future, strict controls should be carried out when reviewing the company's application for listing to avoid a similar situation from happening again.
A good exchange does not only depend on the market value of listed companies, but also depends on the development potential of these companies. Only companies that can bring benefits to the majority of shareholders can be sought after by investors.
A company with low profits, or even frequent losses, does not pay dividends every year, and it will be difficult to grow even if it is speculated by institutions.
"Jianhui, the companies that have problems this time are mainly companies that were listed in the past few years. In those years, there were not many companies on the Far East Exchange, so the requirements were relatively loose.
However, we have strengthened our review in this area in the past two years. After this time, we will also evaluate already listed companies, and some companies that are not strong enough will suspend or even delist them."
Li Fuzhao didn't have the confidence to do this before, but now he is not afraid. In recent years, he has joined Wheelock Land, Hutchison Land, Bank of East Asia, Dao Heng Bank, Cheung Kong, Sun Hung Kai, Henderson Land, Guanghua Construction, Chinese Land, etc.
With the growth of a powerful enterprise, the Far East Exchange is no longer the small business it once was, with only three or two kittens.
Moreover, as the Donghua Group's industries continue to grow, more high-quality companies will be listed on the Far East Exchange in the future, and it does not need to lower its listing standards.
Through communication between the two, it was finally decided to promote the listing of Huangpu Shipping Group next Wednesday, and in the following three weeks, Jiayi Group, Lane Crawford, and Watsons will be listed in sequence.
Once the listing is completed, the number of listed companies controlled by Li Jianhui will reach 9, including Wheelock Holdings, Wheelock Land, Lane Crawford, Watsons, Huangpu Holdings, Huangpu Shipping, Jardine Real Estate, Taohua Datong,
Jiayi Group.
However, the main listed companies here are the former Hutchison Whampoa and Wheelock, which were just split and listed by him. Taoda was also acquired. The only one that is not actually listed is Jiayi.
If you think about it carefully, these companies that are listed or about to be listed are all acquired. They are really two major groups Huihong and Xinjian built brick by brick by Li Jianhui. None of them have been listed.
"Second Uncle, don't just focus on me. Uncle Lei can also run around. Princess Golden Cinema is strong enough to be launched."
Li Fuzhao smiled and said: "Jianhui, you don't have to worry about this. I contacted Lei Juekun before I came to your place. He said that after your funds are used up, Golden Princess Cinema will be listed on Far East Trading
Place."
…
After Li Fuzhao left, Li Jianhui went to Huangpu Building specifically to communicate with the senior management of Huangpu Shipping Group on the listing of Huangpu Shipping Group.
Clay Johnson, chairman of the board of directors of Huangpu Holdings and president of Huangpu Shipping Group, also has no problem with allowing Huangpu Shipping Group to land in advance.
Unlike some companies, it is more difficult for them to find market makers. They have Bank of East Asia, Dao Heng Bank, Wing On Bank, etc., so there is no need to worry about this aspect at all.
Listing review is also not a problem for them, they just need to set a time to list and ring the bell.
Huangpu Shipping Group doesn't need any road shows. Once Jiashi releases the news to the outside world, a large number of securities companies and stock investors will know when the company will be listed.
These people can also buy at the issue price at Daoheng, Xinjian, East Asia and now Wing On.
This is different from the subscription lottery in later generations. This is a direct purchase, first-come-first-served. If the part that is released is sold out, there will be no more.
At the same time, several major securities departments still retain a part, which is prepared to increase the stock price after listing.
Given Xinjian Group's influence in Hong Kong, it only takes one day for external subscription. After all, there are not many shares for external subscription.
It's a bit embarrassing for Clay to hold this position now. Hutchison Real Estate's market value exceeds that of Whampoa Holdings, the parent company, and he, as the nominal helmsman, cannot control Hutchison Real Estate.
The main industries he can manage now are Whampoa Shipping Group, and Hutchison Whampoa, which used to have little to do with these two major companies and has not yet been fully integrated.
He hopes that Whampoa Holdings can use the listing of Whampoa Shipping to increase its market value, allowing Whampoa Holdings' total market value to once again exceed that of Hutchison Land, while also narrowing the distance with Wheelock Holdings.
Seeing that everyone had no objections, Li Jianhui said: "In that case, Clay, you can hold a board meeting tomorrow to finalize this matter.
At the same time, we will make the latest assessment of Huangpu Shipping Group, and officially announce the listing time and unit price per share next Monday."
Although this board meeting is just a formality in Li Jianhui's mind, he still has to go. After all, Clay and others don't know that the other major shareholders are Li Jianhui's little vests, and the major investment companies don't know much about themselves and Huangpu Holdings.
Group relations.
As for Bank of East Asia, Dao Heng Bank, and Wing On Bank, Lee Guanghui will personally communicate with them to ensure that there will be no problems with Whampoa Shipping's listing.