The wheel of history is rolling forward. Although Li Jianhui's arrival has changed a lot, some things are still moving forward according to the established trajectory.
On the first day of September, a youth delegation from the Hong Kong business community headed by Li Pengfei took off from Kai Tak Airport on a Cathay Pacific Airbus and headed north.
Although the delegation of young talents from Xiangjiang led by Li Pengfei in his previous life was held in July and was postponed for nearly two months in this life, Li Jianhui will not underestimate the impact of the event at all.
You must know that in the previous life, it was this delegation that caused the Hang Seng Index to fall from its historical peak of 1,810 points to over 600 points in less than half a year, a drop of up to two-thirds.
In this life, due to Li Jianhui's butterfly effect, several major indexes have fallen several times, especially the thunder at the beginning of the year and the current plummet in the property market, which has squeezed the stock market.
But Li Jianhui believes that the delegation led by Li Pengfei will give another thunderous blow to the stock market, and the stock market, which has finally stabilized, will fall again.
On the evening of the day when Li Pengfei and others left for the capital, Tung Wah Club's members in Xiangjiang, reserve members, and heads of its major securities investment companies and banks held a joint meeting in the 306 conference room of the Xinhui Hotel.
After everyone was quiet, Li Jianhui spoke up: "I believe everyone already knows that the Xiangjiang business youth delegation led by Li Pengfei went to the capital. You may also have some knowledge of what this delegation did this time.
I can tell you clearly that there is absolutely no way they will agree to Li Pengfei and others' proposal to exchange sovereignty for governance, and they will even express their determination to take back Hong Kong.
We are all business elites, and I believe you can understand the impact this news will have, and we must be prepared for this, especially our major banks."
In fact, after Li Pengfei was elected president of the Xiangjiang Business Youth Association, the Tung Wah Association was already preparing for this.
Holding such a meeting today is more about understanding whether companies are ready to deal with this crisis.
When the news comes, it is certain that house prices will plummet again. Whether banks will suffer another run depends on the follow-up situation, especially in foreign exchange. I am afraid that the demand for foreign exchange exchange among Xiangjiang citizens will increase significantly in a short period of time.
At present, the banks that Tung Wah Association has for foreign exchange include Xin Jian Bank, Bank of East Asia, Dao Heng Bank, Wing On Bank, Union Bank, K. Wah Bank, and Industrial Bank.
As for those banks such as Defeng, Dazhong, and Huaying whose headquarters are not in Xiangjiang but only have branches in Xiangjiang, there is no pressure. After all, these banks have relatively few customers in Xiangjiang.
This time the focus is still on the three major banks, Xin Jian, East Asia, and Dao Heng. As long as these three banks have no major problems, there will be no crisis in Tung Wah Finance.
In this regard, Peng Kezhi, who is the executive vice president and acting president of Xinjian Bank, said: "Because our bank has raised the threshold for loans to the real estate industry early on, the real estate crisis has not had a great impact on our bank.
In terms of foreign exchange, because the main markets of many of our client companies are in Baodao and Southeast Asia, the funds returned by these companies are in the form of foreign exchange, especially US dollars.
In addition, our bank has converted a lot of reserve funds into US dollars during this period. As long as Huihong, Jingyi Electrical Appliances, Jiayi Group, Xiangjiang Airlines, Tesco Group, etc. temporarily do not hold on to the foreign exchange, we can misappropriate as much as nearly five dollars of foreign exchange.
One billion US dollars is enough to deal with the coming risks."
Now Li Jianhui is very poor. Due to large-scale investments in various places, the funds he can personally embezzle are very small. The development of the enterprise will enter the normal mode, and the response to risks will also be the normal mode.
Although the major holding groups are large in size, they do not have much cash to use. In this crisis, De Maple Bank can support at most 1 billion US dollars. This is because of the small profit made by Blue Maple Holdings in oil futures last month.
I paid a sum of money, but it has not been used yet.
Fortunately, Li Jianhui had foresight, and several major banks under the Tung Wah Association made preparations in advance and exchanged a certain amount of US dollars as reserves.
Compared with Xinjian Bank, which is relaxed, other companies are a little sad, especially East Asia and Dao Heng. Because they are old Chinese-owned enterprises, their development has been indispensable without the support of the Xiangjiang Chinese-owned family. Some businesses cannot be solved due to possible
Don't do anything if it crashes.
Even if they have raised the loan threshold, there are still big problems. If the property market drops sharply again, Xiangjiang Real Estate Company will once again face a wave of bankruptcy. This time it will no longer be just a small business, but some well-known real estate companies may also
will fall in this crisis.
At that time, the bad debts of the two major banks were likely to soar rapidly. If there was a run on the bank, even if they had made a lot of preparations in advance, they would still feel a little uneasy.
Li Jianhui is also aware of the difficulties of East Asia, Dao Heng and other banks. This time it is not just them, but few companies in Hong Kong can stay away from the problem.
Compared with other forces, the Donghua Association was reminded by Li Jianhui and had been preparing for it early. In addition, with the support of the huge Xin Jian clique, the pressure was not too great.
Regarding the situation of East Asia and Daoheng, Li Jianhui said: "On the real estate side, you must pay attention to the actions of major customers, prevent individual customers from running away with their money, and minimize your own losses.
You don’t need to worry too much about foreign exchange. In addition to what you have prepared yourself, Defeng Bank has prepared one billion US dollars. Once your two banks are in a foreign exchange emergency, Defen Bank will immediately provide support.
In addition, this time we will keep a close eye on Standard Chartered and HSBC to see if it is possible to unseat one of them. Although the right to issue Hong Kong dollar notes is not profitable, it is a right to speak. If there is a chance, we will also have the right to issue notes."
Li Guobao and others know very well that this opportunity is not easy. The issuance of Hong Kong dollars is different from the issuance of most currencies in the world. It requires sufficient foreign exchange as a guarantee. This is also the reason why the Wall Street giants failed in Hong Kong last time.
If the Tung Wah Association wants to have the right to issue banknotes, there are currently only two options. One is to acquire Standard Chartered or HSBC, and the other is to obtain government approval and become the third bank with the right to issue Hong Kong dollar banknotes.
The easiest thing here is to acquire Standard Chartered. The shareholders of this bank are very dispersed. If Li Jianhui is determined, he has the strength to take over this bank.
In addition to responding to this crisis, Li Jianhui also allowed various real estate companies under his subsidiaries to continue to acquire land. Even companies that need to build headquarters can also take advantage of this crisis to reserve land in advance.
Li Jianhui, who came from the previous life, knew very well that it was only in the past few years that he could easily acquire land. Once the joint statement comes out, the fifty-hectare limit will cause countless small and medium-sized real estate companies to leave the Hong Kong real estate market. By then, there will only be real estate here.
The world of dragon heads.
Although there is already a lot of land reserved under the Tung Wah Association, Li Jianhui does not want too much in this regard. At worst, it will be temporarily handed over to Xinjian Vegetable Company to grow vegetables.
As long as this crisis is overcome, the market value of the major real estate companies under the Tung Wah Association will inevitably skyrocket, especially Xinjian Real Estate. If nothing else, just the few hundred hectares of land in Tin Shui Wai will be enough for it to make a lot of money.