With the Commercial Crime Investigation Bureau and the Joint Investigation Team stationed in the Jianing Group one after another, and the group's largest and second largest shareholders both fleeing Xiangjiang, many problems were quickly discovered.
The Hong Kong Stock Exchange announced at noon that the trading of Jiani Group will be suspended. After the review is completed, Jiani Group will be delisted.
As soon as the news came out, countless investment institutions and stock investors were filled with anger. This was not only against the Jiani Group, but also against the Hong Kong Stock Exchange. They believed that the exchange did not strictly review the financial statements of the Jiani Group, which caused them to suffer such a huge loss.
Loss.
Li Jianhui was also affected, especially the shareholders who had only taken over the shares of Jianning Group more than a month ago. They resented Li Jianhui for not disclosing the financial fraud even after knowing about Jianning's financial fraud, so that they were left to bear such losses while Xinjian Investment Company did not.
Escaped safely and made a lot of money.
The business dealings of the two major banks, Hang Seng and Hang Lung, have also been spread. In particular, the news that huge loans will become dead debts has caused panic among countless citizens.
As soon as the market opened that afternoon, the share prices of the three major listed companies Hang Seng, Hang Lung and HSBC plummeted. Hang Seng and Hang Lung fell nearly 20% in less than half an hour, and HSBC, the leader, also fell by nearly 10%.
Affected by this, the three major stock indexes in Hong Kong not only did not rebound in the afternoon, but continued to fall. The Hang Seng Index and the Kowloon Index hit new lows since the October adjustment. Although the East Asia Index was better, it was not much better.
All stocks on the screens of the three major exchanges are displayed in red. If this is a big A-share in the future, stock investors will be crazy.
It's a pity that this is Hong Kong, where green rises and red falls, and the red screen makes all investors heartbroken.
Although Li Jianhui stated at the press conference that the Jiani Group was just an isolated case and that the finances of most listed companies could withstand inspection, this still failed to dispel the concerns of investors. As of the close of trading in the afternoon, the three major stock indexes did not show any rebound.
trend.
According to statistics from interested people, the Xinjian Department’s holdings include Wheelock Real Estate, Wheelock Holdings, Xinjian Bank, Whampoa Holdings, Hutchison Real Estate, Lane Crawford, Watsons, Jiayi Group, Taohua Datong, Huangpu Shipping, Jin
Princess, the total market value of 11 listed companies has dropped by nearly HK$5 billion today alone, and there is no Cathay Pacific Airways.
Of course, other forces are not much better. HSBC's total market value dropped by nearly 4 billion Hong Kong dollars today. Huihong Group, the second largest listed company, also lost nearly 2 billion Hong Kong dollars due to the impact of the market.
Standard Chartered, CLP Power, Jardine Matheson Holdings, Swire Pacific, Jardine Matheson Land, Wharf, etc. are also having a hard time, and their total market value has dropped by at least one billion Hong Kong dollars.
The Jianing Group alone does not have such a big impact, even if it is coupled with Hang Seng Heng Lung.
The main problem now is that investors and investment institutions do not trust the financial statements of listed companies on the three major exchanges. Many investors and small and medium-sized investment institutions choose to sell stocks at this time to hold the funds in their hands, and wait until this crisis is over.
Consider entering the stock market.
If there is no action from all parties, I am afraid that it will not only be Black Thursday, but also Black Friday is likely to be staged tomorrow.
Li Jianhui is not anxious about this. Anyway, none of his companies have loans. Whether the stock market falls or not does not have much impact on them. The company's capital chain will not be strained by this.
On the contrary, Li Guobao, Zhang Guangwen, Lei Juekun, Feng Jingyao, Guo Zhiquan and others were a little panicked. That night, everyone gathered at Xinhui Hotel to discuss how to stabilize their company's stock price and avoid causing capital chain risks.
Li Guobao sighed: "Jianhui is still relaxed and debt-free. There is no need to worry about the stock market crisis. Even if it falls and is delisted, it will not affect the control of the company."
"National Security Bureau, please don't lament Jianhui. We don't have the ability to create wealth as quickly as Jianhui, so we can only accelerate the expansion of our own industry through loans.
We are still discussing how to maintain the stock prices of our companies. If they continue to fall like this, it will affect our development.
Especially starting next month, we will enter the Japanese real estate market, so we must have sufficient funds."
There are not many ways to maintain the current stock price, or even rebound it. The most effective way is for them to step in and rescue the market.
As for releasing some good news, it is estimated that it has little effect now. Now investors and small and medium-sized investment companies are full of distrust of major listed companies.
If everyone suddenly releases good news at this time, it will make people think that there is something wrong with their company, which will accelerate the flight of these investors.
Li Jianhui also knows the situation of each company. Although each of them has assets worth billions, he does not have much funds in hand, and the amount of loans to his companies is also quite large.
This time, Xin Jianshen still needs to be the main force in protecting the market, trying to prevent the stock price from falling too much.
"We must protect the market, but this will have to wait until the end of tomorrow afternoon. In this way, we can not only ensure that the stock prices of our major companies are relatively stable, but also make a small profit."
With two days of buffering on Saturday and Sunday, Li Jianhui believes that the Securities and Exchange Administration and the government have sorted things out, and this wave of panic has been calmed down. The stock prices of companies with no problems next week will inevitably rebound.
None of us here are cheap. Many of them own banks or investment companies, and they all have securities trading licenses. If they have this opportunity, they are naturally not willing to let it go.
Li Guobao, Feng Jingyao, Guo Zhiquan, Chen Zhiyong and others all agreed with Li Jianhui's opinion and will start entering the market at 3:30 tomorrow afternoon.
Everyone also asked about Li Jianhui’s press conference in the afternoon, especially regarding the accusations from all parties that Li Jianhui knew the financial fraud of Jia Ning Group but did not disclose it to the public or report it.
"There isn't much of a problem in this regard. Jianing Group has nothing to do with me, and I don't know whether its financial statements are fraudulent. I can only say that I suspect there might be a problem.
This time, when it comes to responsibility, it is also the Heung Kong Stock Exchange, the Heung Kong Securities Exchange Management Office, and even the Commercial Crime Investigation Bureau.
As for some negative impacts, it doesn’t matter. The follow-up development will be whatever it is. If these people weren’t greedy, how could they have suffered such losses.”
Chen Zhiyong was very happy to hear what Li Jianhui said. He always felt that Li Jianhui paid too much attention to the so-called image and external public opinion, which was detrimental to Li Jianhui and even the Xin Jian Department.
A clear example, even though the Tung Wah Association has been suppressing housing prices in Xiangjiang for more than a year, these citizens still only regard them as capitalists and have no regard for their good interests at all.
If everyone hadn't planned to focus on the Japanese real estate market, they would never have wanted Li Jianhui to continue to suppress housing prices. In their view, as long as they get benefits, it doesn't matter even if they suffer some infamy.
When they can't get any reward from doing something, why do they still do it? It's not going to get them anyway, so why bother with their own wallets.
Although Li Jianhui was able to speak well in the Tung Wah Association, some of his ideas were not recognized by Li Guobao and others.