Li Jianhui wanted to spend the Spring Festival in an ordinary way, but it was a pity that some predators were not Chinese and did not have the concept of Spring Festival. Shortly after New Year's Day, mysterious funds entered the foreign exchange and stock markets in Hong Kong.
Fortunately, there are only a few products in the futures market in Xiangjiang, and listed companies cannot play in the futures market. Otherwise, I am afraid that the futures market will also be undercurrent.
In Li Jianhui's office, Pang Yi, executive vice president of Xinjian Group, and Peng Kezhi, vice president and president of Xinjian Bank, looked solemn.
"There is no need to worry about the stock market for the time being. Now among our three major exchanges, the total market value of listed companies on the United Exchange is higher, reaching more than 230 billion. The total market value of the companies listed on our Far East Exchange is more than 170 billion, with the lowest in Kowloon.
The total market value of companies listed on the exchange is currently only nearly 110 billion.
Excluding the shares controlled by the controlling shareholders of major listed companies, the market here is actually not big. With our current financial strength in Hong Kong, there is no problem in protecting the stock market.
Now the main focus is on the foreign exchange market, especially our Hong Kong dollar. This time the world's capital giants are mainly here for this.
Since the Hong Kong dollar broke away from the fixed exchange rate of the pound in 1973, it has been using floating exchange rates with other countries and regions.
In the past few days, a large amount of capital has been borrowing Hong Kong dollars in the foreign exchange market, and a large amount of Hong Kong dollars have been exchanged for US dollars, pounds, yen, etc.
If we do not prepare in advance, once these giants complete their layout, they will start to smash the market, and the Hong Kong dollar will probably depreciate significantly."
Listening to Peng Kezhi's words, the first thing Li Jianhui thought of was the 1997 Asian financial crisis and the Quantum Fund that rushed to the vanguard of Wall Street giants.
Due to his appearance, the butterfly effect instigated is getting bigger and bigger, and many things will not follow the trajectory of the previous life.
Because Li Jianhui established a huge Xinjian network and led the development of many allies, Xiangjiang is not only limited to finance and real estate, but its comprehensive strength and even development potential far exceed those in previous generations.
Among the Four Asian Tigers, Xiangjiang has been the absolute leader in development in recent years. Although South Korea, Taiwan, and Singapore have also developed relatively quickly, they still lag behind Xiangjiang.
Big trees attract wind, especially since Xiangjiang is an extremely special area, and with the presence of a cutting-edge force like the Xin Jian Clan, some predators are eyeing this place.
Once the Hong Kong dollar depreciates significantly, it will severely damage the economy of Hong Kong and also suppress several major financial groups in Hong Kong.
The fate of the Xinjian Department and Xiangjiang are linked together. They both prosper and suffer. Li Jianhui is absolutely unwilling to see Xiangjiang's economy suffer heavy losses.
Moreover, he does not want the Hong Kong dollar to be tied to the U.S. dollar and implement a fixed exchange rate with the U.S. dollar as it was in its previous life.
In order to cope with the coming crisis, Li Jianhui notified the heads of the Xinjian Department and the Director of the Finance Department to attend a meeting in Conference Room 201 of Wheelock Building at 3 p.m.
At the meeting, Li Jianhui asked major companies to return idle funds outside their headquarters accounts as soon as possible, mainly in US dollars and pounds sterling as much as possible.
At the same time, let major companies be prepared to protect the market. When necessary, major listed companies will use corporate profits to repurchase their own circulating shares on the market to ensure that the corporate stock market can be stable.
If you have excess capital, you can also focus on upstream and downstream companies related to the company. You can buy shares or acquire them. The specific aspects are decided by the heads of each major group. Li Jianhui will not interfere too much in this.
In the face of this crisis, Li Jianhui has no intention of relying on other companies besides Xinjian Group. These companies are indeed profitable, but the main profits are used for expansion, and there is not much idle funds in the account.
It would be good if they could protect their company this time. Let them hold a meeting, mainly to let them know about the current crisis, and hoard some foreign exchange. When protecting the market in the future, these direct foreign exchanges can be exchanged for Hong Kong dollars, which will not only make profits, but also provide financial support for the company.
Contribute to Hong Kong’s financial stability.
This time, Li Jianhui mainly relied on Xinjian Investment Company and the fund companies behind the scenes. Some short-term investments in futures and stock markets began to be liquidated and funds were withdrawn.
This time Li Jianhui not only wants to protect the market, but also wants to take a piece of meat from these giant crocodiles so that they will not dare to attack the Hong Kong dollar and Hong Kong finance again in the next few years or even decades.
That night, Li Jianhui also discussed with Li Guobao, Lei Juekun and others to prepare them for the crisis.
"Jianhui, I think more hot money this time is directed at the stock market. Be it HSBC or Standard Chartered, they require a fixed amount of foreign exchange reserves and debt-free certificates to issue Hong Kong dollars. As long as we don't have internal chaos,
, these predators have no chance at all.”
Li Guobao has been dealing with finance for a long time and is very familiar with these things. The overall situation in Hong Kong is now very good, and the stock market is occasionally a little turbulent, but that doesn't hurt.
These hot money chose to come at this time. He felt that this hot money was just a false shot in foreign exchange, and it was mainly for the stock market.
In recent years, Hong Kong's financial market has been continuously liberalized, financial free ports are being formed, and the stock market has also received huge benefits. It has been rising in recent years. Naturally, the world's giants will not turn a blind eye to this market.
"What the National Security Brother said is good, but now we are afraid that we will have internal problems. You also know that British-funded companies such as Jardine Matheson, Standard Chartered, and Swire have shifted their focus from Xiangjiang to Southeast Asia and Australia.
Once some of its subsidiaries, such as Jardine Matheson, Swire, and HSBC, announce that their registration places and even headquarters will be transferred out of Xiangjiang, I believe you are all aware of the impact.
The biggest problem in Xiangjiang now has never been the economic problem. If that matter is not decided for a day, it will be like a sharp sword hanging over our heads for the development of all of us."
Everyone present fell silent after hearing this. There were more than one or two people who were worried about this matter. Even they themselves were worried in their hearts.
If what Li Jianhui said really happens, there will be huge risks in both the stock market and foreign exchange, and a plunge will be inevitable.
Lei Juekun sighed: "We are just businessmen, we can't get involved in these matters at all. We don't even know the bottom line of both parties and the news of the negotiations. We will lose if we take the initiative.
I just hope that nothing embarrassing will happen during this period, so that we can all spend this Spring Festival happily."
The mood of several people tonight was not high. They were worried about the uncertainty of the future. They would never give up the family business accumulated over generations.
As for studying some people to go to Australia, Canada or London, no one has thought about it yet.
After all, this is everyone's root, and they are unwilling to move their families unless they have to.
It's not just Li Jianhui who has capable people under his command. Many forces in Xiangjiang have already discovered the clues, and all parties are making intensive preparations to ensure that their own interests will not suffer too much loss in this crisis.
Hong Kong stockholders were immersed in joy as they watched the rising stock prices on the stock market, not knowing at all that a storm was about to hit.