No matter how the outside world bites his tongue, Li Jianhui has no intention of changing. When interviewed by reporters, although he did not explicitly say that he is not optimistic about real estate in the next few years.
But the meaning behind his words made it clear to everyone that this person's attitude towards future housing prices is relatively pessimistic.
No matter how banks adjust their strategies or support other industries, they cannot hide the fact that they are not optimistic about the development of real estate in the next few years.
When reporters asked whether the situation in 1973 would happen again, Li Jianhui's answer was ambiguous, which aggravated many people's worries.
While being bearish on real estate, Li Jianhui has increased investment in other industries in Hong Kong.
On June 13, the construction of the Jade Lion Group headquarters and engine R&D and production base started in Tianshui Industrial Park. This also marks that Xiangjiang has its own car brand. Next year, citizens will be able to drive local brand cars and sit in the car.
Board a local brand bus.
On the same day, Xiangjiang Gas Company, New Territories Electric Power Company headquarters and related supporting facilities also officially started construction in Yuen Long, with a total planned investment of HK$10 billion, of which the power plant plans to invest HK$7 billion, and the gas company plans to invest HK$3 billion.
For this plan, the Xin Jian Department once again raised financing, with a financing amount of HK$10 billion, and a post-financing valuation of HK$40 billion. Li Jianhui's personal shares were also reduced from 51% to 38.25%.
Due to the successive listings of Xinjian Bank, Lane Crawford, Watsons, and Huangpu Shipping, as well as the rapid development of Xinjian Real Estate, the valuation of Xinjian Group has also increased significantly. The valuation after financing half a year ago was HK$22 billion, and this time
The post-financing valuation reached HK$40 billion, an increase of HK$8 billion in half a year, which is incredible to many citizens.
However, things look much more normal at the top level in Hong Kong. Benefited from the rapid economic development in Hong Kong, the number one listed company in Hong Kong is currently HSBC Holdings, with a total market value of more than HK$65 billion. It has dominated the Hong Kong stock market and its total market value has increased in half a year.
With nearly 20 billion Hong Kong dollars, Xinjian Group pales in comparison.
Although Standard Chartered is also good, with a market capitalization of less than HK$40 billion, it seems increasingly unqualified to be on an equal footing with HSBC.
On the contrary, Xinjian Group, based on its current valuation, is enough to rank second after HSBC.
This is also one of the only two companies currently threatening HSBC, the other is Huihong Group.
Even though the valuation of Huihong Group six months ago was only over HK$20 billion, mainly because it was not listed, in terms of profitability, Huihong Group is now no worse than HSBC.
Especially as the entire industrial chain becomes more and more complete, Huihong Group's profits have increased significantly.
Sometimes Li Jianhui has to admire HSBC. Even though he has acquired Hutchison Whampoa and Wheelock, and Wharf, the chartering king, has also cooperated with Wing Lung Bank, its profits have not been greatly affected, and its market value has also continued to soar.
If Xinjian Group and Huihong Group were not listed, it is estimated that HSBC would be the first company in Hong Kong with a market value of over 100 billion.
Currently, Wheelock Land, the first listed company under Xinjian Group, raised HK$3 billion last month, and its market value exceeded HK$12.6 billion at its peak.
However, in the past few days, because Li Jianhui committed suicide, Xiangjiang real estate stocks collectively fell. Wheelock Land was also affected. The current market value is more than 11.4 billion Hong Kong dollars, which is still far behind HSBC.
Even China Electric Power, which ranks third among Hong Kong listed companies, has a market capitalization of more than HK$24 billion. These groups still have a long way to go if they want to top the list of listed companies in Hong Kong.
There is a big gap in the quality of listed companies in the Hong Kong stock market. Look at the top three companies, one is 60 billion, one is 30 billion, one is 20 billion, one is 10 billion, and the rest are all 10 billion
below level.
This has also caused the Hang Seng Index to be extremely unstable, and has been severely affected by leading companies, especially HSBC and Xinjian.
Despite the fact that Wheelock Land, the company with the strongest Xinjian affiliation, has a market capitalization of only HK$11.4 billion, it cannot stand up to the number of listed companies.
Hutchison Real Estate, Whampoa Holdings, Wheelock Holdings, Lane Crawford, Xinjian Bank, Whampoa Shipping, Watsons, Jiayi Group, Taohua Datong, the total market value of all listed companies controlled by Xinjian is nearly 60 billion Hong Kong dollars.
, enough to affect the direction of the Hong Kong stock market.
But what is a bit tragic is that even if there are ten listed companies in Xinjian, the total market value cannot compare with HSBC.
If Li Jianhui did not carry out large-scale financing or list new companies, the total market value on the stock market would still not be comparable to that of HSBC.
Looking at the soaring market value of HSBC, the most unhappy person is Li Fuzhao. The total market value of the companies listed on the Far East Exchange is currently less than 120 billion Hong Kong dollars, and HSBC alone accounts for more than half of it.
This poured cold water on his ambition to surpass the Xiangjiang Exchange. Judging from the current situation, the two major groups Huihong and Xinjian are not listed, and the hope of the Far East Exchange is very slim.
The total market value of the top three companies on the Hong Kong Exchange exceeds the total market value of the companies listed on his exchange. The gap is enough to make him feel quite desperate.
Originally, he thought that with the rapid development of Xiangjiang's real estate industry, the market value of major real estate companies would rise rapidly. Judging from the large number of Chinese-owned real estate listed companies here, the distance between the two parties would gradually be narrowed.
As a result, the cold water not only made real estate speculators uncomfortable, but also made Li Fuzhao uncomfortable. The total market value of the Far East Exchange plummeted from more than 135 billion Hong Kong dollars to more than 121.3 billion Hong Kong dollars.
Because the decline in real estate has boosted the rise in other sectors, especially the banking and retail services industries, with HSBC leading the way.
This bank has now become a safe haven for stock investors and investment institutions. As long as there is any trouble, the first thing that people think of is to buy HSBC shares to take refuge.
In just a few days, HSBC's share price has risen by nearly 20%, soaring from more than 54 billion Hong Kong dollars to more than 65 billion Hong Kong dollars.
Banks such as Xinjian Bank that have tightened mortgage policies not only did not rise this time, but fell slightly. The main problem is that investors and investment institutions are worried that these banks may have internal funding problems, so they suddenly tightened the policy.
Home loan.
As a result, the Far East Exchange suffered heavy losses, while the total market value of the Xiangjiang Exchange not only did not fall, but actually increased to a certain extent.
Although it is an exaggeration to say that HSBC single-handedly carried the Hong Kong Exchange, for now, the total market value of the Hong Kong Exchange has been able to maintain an increase during this crisis, and HSBC definitely takes most of the credit.
Unwilling to do so, Li Fuzhao specially approached Li Jianhui, hoping that Li Jianhui would list Xinjian Group or Huihong Group so that they could compete with HSBC.
The reason is quite righteous. The largest listed company in Hong Kong cannot be occupied by a company controlled by British Capital.
It's a pity that Li Jianhui currently has no plans to package Xinjian Group and Huihong Group for listing.
Even for Xinjian Real Estate, he has no plans to go public for the time being. He will not consider listing until the Tai Lam Tunnel is opened to traffic, Tianshui Chengdu University of Communication is established, and many companies in Tianshui Industrial Park are officially put into operation.
Now that he is not short of money, and the land in Tin Shui Wai is undervalued, he is not busy going public.
After 1984, once the 50-hectare limit is announced, the valuation of Xinjian Real Estate, which owns a large amount of land, will inevitably skyrocket. Only then can he obtain the best returns by going public.
As for HSBC, the number one market capitalization is the number one. Li Jianhui, who knows that the other party will rise like cheating in recent years, has no idea of challenging it in the short term. After all, the market capitalization of this company will exceed one trillion in less than 20 years.
For the Hong Kong dollar, even Hutchison Whampoa and Cheung Kong, which are developing rapidly, can only languish behind.
Even though a lot has changed since his arrival, it has not had a big impact on the development of HSBC. If not, the other party's market value is not much inferior to that of his previous life.
It is probably impossible for Li Jianhui's listed industries to catch up with HSBC's market value growth rate.
Even if Wheelock Plaza expands slowly and Lane Crawford develops quite rapidly, if the total market value exceeds one trillion Hong Kong dollars, I'm afraid there won't be much hope within a decade or two.