Chapter five hundred and thirty-first happy Li Fuzhao
The press conference continues here, and countless investors who sold their stocks on the Far East Exchange are upset. By the time they learn the news, several major banks and their stock prices have risen significantly. At this time, they just want to get on the bus.
Also weigh whether it's worth it.
The situation at several major bank branches has also improved due to this good news. Some citizens who were planning to withdraw money left the queue. They also believed that the money they deposited in several major banks would not be affected by the supply cutoff.
This operation method of Tung Wah Hui has aroused dissatisfaction among other bank customers and shareholders. The major shareholders behind the six major banks, including Xin Jian, are willing to invest in the acquisition of unpaid houses from several major banks to reduce the losses of customers and shareholders.
, why are the major shareholders behind these banks unwilling to invest in these unpaid houses to ensure the interests of their customers and shareholders.
This also caused the stock prices of banks such as HSBC, Hang Seng, Standard Chartered, Sun Hung Kai, Far East, Heung Kong Asian Commercial, and Wing Lung to plummet again at the end of the trading day. On the contrary, the four major listed banks of Xin Jian, East Asia, Dao Heng, and Wing On not only wiped out the
Despite today's decline, it has increased significantly by 5% to 8% compared to Friday's closing price.
The total market value of Xinjian Bank has exceeded HK$50 billion, successfully surpassing Standard Chartered and ranking second among listed banks in Hong Kong, second only to HSBC.
However, there is still a big gap between Xinjian Bank and HSBC. Even if the other bank's market value dropped sharply today, it still has a market value of HK$112.6 billion. The total market value of the companies listed on the three major stock exchanges in Hong Kong is only lower than that of Huihong Group.
The main reason why Xinjian Bank suffered a loss was because Li Jianhui did not put the investment securities company in Xinjian Bank. Although Xinjian Bank also had a securities department, it was only a small business, resulting in low profits. Coupled with large-scale expansion,
Dividends are also far inferior to those of HSBC, which is why the gap in market capitalization appears so large.
Fortunately, in recent years, banks such as Xin Jian, East Asia, Dao Heng, and Wing On have been developing rapidly. In addition to the total market value of Xin Jian Bank exceeding 50 billion Hong Kong dollars, the total market value of Bank of East Asia has also exceeded 30 billion Hong Kong dollars. Dao Heng
Although it's close, it's still close to HK$20 billion. Wing On Bank has also successfully become a bank with a market capitalization of 10 billion today.
I believe that as the Tung Wah Club industry continues to develop, its market value will inevitably grow rapidly. Even if it cannot exceed HSBC, it will not be much lower than HSBC.
Within the Far East Exchange, Li Fuzhao was even more delighted after his staff reported the total market value of the companies listed on the three major exchanges at the close of trading today. Today, the total market value of the companies listed on the Far East Exchange exceeded the combined total of the United Exchange and the Hong Kong Island Exchange.
Among the top ten listed companies in Hong Kong, only HSBC and Standard Chartered occupy two seats, and the other eight are all on the Far East Exchange. Although these eight companies are Xinjian-related companies, Li Fuzhao is still happy.
I think back a few years ago, all the leading companies were in the Hong Kong Exchange, and none of them were in the Far East Exchange. Now the situation has been completely reversed.
Because the United Exchange has futures trading and gold and silver spot trading, the Far East Exchange is not as good as the Far East Exchange in terms of transaction volume. In other aspects, the Far East Exchange has the upper hand.
Li Fuzhao, who was in a good mood, made a special call to Li Jianhui and others to host dinner tonight at Xinhui Hotel.
Of course, Li Fuzhao is not just about eating. Since the total market value of listed companies today has exceeded the sum of the other two companies, he hopes to consolidate it.
There are currently two high-quality companies waiting to be listed, namely Heung Kong Water Company and Donghua Communications Group, especially Donghua Communications Group, which includes Donghua Mobile Communications Company and Xiangjiang Telephone Company. As long as they are listed, the market value will definitely be 20 billion
Get started.
Moreover, Xiangjiang Airlines and Jade Lion Group are now considered mature, and Li Fuzhao is also preparing to communicate with Li Jianhui to promote the listing of these two tens of billions of companies on the Far East Exchange.
K. Wah Bank and Union Bank Li Fuzhao are not prepared to let go. Taking advantage of this popularity, if they are listed on the Far East Exchange, they will definitely have a good market value.
Li Fuzhao thought again about the industries under the Xinjian Department, and added Xiangjiang Gas and Xiangjiang Electric Power. The Phoenix Group had been communicating for some time, and it was time to officially log on to the Far East Exchange.
As for Huaxin and Huahong, Li Fuzhao has no intention of paying attention to these two companies for the time being. He knows very well that Li Jianhui will not let these two companies go public in the short term.
…
In the private room of Xinhui Hotel, listening to Li Fuzhao's words, Li Jianhui said speechlessly: "Second uncle, the Far East Exchange's market is so big. Due to the situation, some funds are not willing to enter Xiangjiang. At this time, a large-scale promotion of the
The listing of enterprises is not conducive to the development of enterprises and exchanges.
This year I am only planning to promote the listing of Phoenix Group and Donghua Communications Group, so don’t think about other companies.”
"Jianhui, you are wrong about this. Although the situation has had a considerable impact on us, the daily trading volume of our Far East Exchange has not only not decreased, but has shown an upward trend and capital inflows have continued to increase.
Especially in the past month, the growth rate has been quite obvious, which is why the total market value of our listed companies on the Far East Exchange can exceed the sum of the other two.
And whether you are Phoenix Group, Donghua Communications Group, Xiangjiang Airlines, or Jade Lion Group, their influence is not limited to Xiangjiang, but also has considerable influence in Baodao, Southeast Asia, and even Japan, South Korea, Europe and the United States.
The listing of these companies will definitely attract funds from these places to expand the capital base of our Far East Exchange."
Hearing Li Fuzhao mention that the funds did not decrease but increased, Li Jianhui was not happy, but felt the smell of conspiracy in his heart.
Li Jianhui has some understanding of how Japan's economy collapsed in the first place. The person in charge of Citigroup Xiangjiang had approached him before, intending to promote the appreciation of the Hong Kong dollar.
Now there is another abnormality in the stock market, and I am afraid that the presence of Wall Street hot money is indispensable.
Its purpose is probably to promote the appreciation of the Hong Kong dollar and at the same time boost the rapid rise of the stock market. After reaching a certain level, it will burst like a soap bubble.
Moreover, Citigroup was the first to break the news this time on the real estate side. The other party is obviously making plans, and the purpose may be to buy stocks at low prices to prepare for subsequent increases.
"Second uncle, don't be blinded by the good situation in front of you. You should know how big the impact of the Beijing talks will be, but the amount of inflow of funds is increasing instead of decreasing. Do you think this is normal?"
Li Guobao, Feng Jingyao, Guo Zhiquan and others are also financial elites. After hearing what Li Fuzhao said, they also discovered the problem.
Therefore, after Li Jianhui spoke out, they also expressed their opinions, asking Li Fuzhao to pay more attention to the hot money situation in the Far East Exchange and to maintain stability at this time in development.
Li Fuzhao really didn't think about it carefully before. He only felt that the main markets for Tung Wah Hui's companies were outside. The Beijing talks had little impact on Tung Wah Hui's listed companies. After a brief plunge, it was normal for the market value to rise.
But now, after listening to what several people said, it seems that this is not the case. It seems that some forces have come in to start the layout.
"I'm taking things for granted this time. I'm not in a rush to go public for the time being. I will also pay more attention to the trading situation in the stock market recently to see what the hot money's plans are."
In fact, Li Guobao and others are not too worried about this. As long as they are united internally, no force can seize their control of these industries. If these hot money really have any plans, the main victims of serious damage will be ordinary shareholders.