Chapter six hundred and twenty seventh expansion of the heart
The fact did not go beyond the expectations of Li Jianhui and Huihong senior executives. Before the market closed that morning, HSBC once again topped the list in Hong Kong with a market value of 215.8 billion.
Soon Lane Crawford also surpassed Huihong Group with a market value of 213.6 billion, closely following HSBC, and temporarily ranked second among listed companies in Hong Kong.
As the former No. 1 Huihong Group, after the release of its annual financial statements, as of the market close in the morning, not only did its market value not rise, but its market value fell from 218.5 billion to 207.3 billion, a plunge of more than 5%.
Fortunately, he was mentally prepared, and Li Jianhui also did ideological work for Huihong Group. Although the stock market plummeted and public opinion began to speak negatively, the top management of Huihong Group seemed quite calm.
There was a bull market last year, and this year it is off to a good start. Three companies have exceeded HK$200 billion in market value, and more than ten companies have exceeded HK$100 billion. Enterprises worth HK$10 billion were rare a few years ago.
It doesn’t have much sense of existence anymore.
Back when Li Jianhui first appeared in the public eye, there were only three listed companies in Hong Kong with a market value exceeding 10 billion Hong Kong dollars: HSBC, Standard Chartered, and CLP Power.
Moreover, the market capitalization of HSBC is only about 40 billion Hong Kong dollars. In just six years, it has reached more than 210 billion Hong Kong dollars, an increase of more than 400%.
HSBC is doing pretty well, but many listed companies have seen even more exaggerated increases, and the current stock market is in a crazy state.
And not only the Hong Kong stock market is so crazy, the Japanese stock market, the Baodao stock market, the Sin Chew stock market, the Korean stock market, and the Western European stock market are all crazy. Even the U.S. stock market, which is facing great internal economic pressure, is also in a bull market.
Li Jianhui also doesn't know how long this bull market can last. Taking advantage of the profits of major Xinjian companies last year, and it is expected that HK$50 billion will be handed over to him, he is preparing to expand his industries.
Although major companies made a lot of profits last year, Li Jianhui didn't withdraw much. He mainly allowed the companies to continue to expand. This time, it was mainly major banks and securities investment companies that handed over funds.
Last year, in the foreign exchange market and stock market, both banks and securities investment companies made quite good profits, especially those long on the yen and the Tokyo stock market.
Although the Hong Kong dollar rose against the U.S. dollar last year, it was okay, but compared with the Japanese yen, it pales into insignificance. Last year, the Tokyo stock market also led the world's major stock markets in terms of growth.
Although Xiangjiang is well-known, at this period, it was Tokyo, not Xiangjiang, that could truly rival New York and London. Whether it was in terms of economy or stock market finance, Xiangjiang could only rank second in Asia.
Xinhui Infrastructure Investment Co., Ltd. has allocated 10 billion Hong Kong dollars, mainly for this year's investment. Xinjian Securities Investment Co., Ltd. is responsible for short-term operations of this part of the money to prevent the money from earning interest on its account.
The remaining 40 billion, of which 5 billion Hong Kong dollars are prepared for Huangpu Shipping Group, will be used to raise additional funds so that it will have enough funds to build ports and shipyards.
In addition, five billion will be allocated to Xiangjiang Airlines Group to establish joint ventures with multiple airports in the north to establish aircraft maintenance companies, which will also require a lot of funds.
Although Xiangjiang Airlines can borrow money from several major banks, Li Jianhui does not want its debt ratio to be too high. This time it is time to add more funds to supplement the blood of this group.
A very important reason why Li Jianhui is not afraid of the stock market crash is that the debt ratios of the companies under the Xinjian Department are not high, and some companies even have no loans at all, such as Huihong Group, Lane Crawford and other companies.
One of the reasons why these companies have high profits is that they do not have loans and do not need to work for banks. Their profits are naturally much higher than those of their peers, and they do not worry at all about the sudden collapse of their capital chain.
American capital has been unable to do anything about Xinjian companies many times. One reason is that the Xinjian capital chain is quite safe, and Li Jianhui basically holds absolute control.
In addition, Li Jianhui also gave HK$2 billion to Xinjian Education Group, HK$1 billion to Xinjian Medical Group, HK$2 billion to Xinjian Charitable Foundation, and HK$1 billion to the Political and Economic Research Laboratory.
He only has 24 billion Hong Kong dollars left that he can really use. Li Jianhui is more and more speechless. A few years ago, this would have caused a huge wave, but now it is estimated to be just a wave.
Gu Min
To say that money is worthless, the Hong Kong dollar has appreciated a lot against the US dollar.
However, it is true that Hong Kong dollars have been printed in excess in recent years, otherwise the stock market would not have been so crazy.
Fortunately, the Hong Kong dollar is guaranteed by sufficient foreign exchange and gold, and the value of foreign exchange and gold in the Exchange Fund is definitely more than the Hong Kong dollar based on the current exchange rate. This is why the Hong Kong dollar not only does not depreciate but appreciates.
It is worth noting that although there is a lot of printing, most of it is held in the stock market and not much flows into the market, so prices in Hong Kong are relatively stable.
Moreover, it is quite easy to balance Hong Kong. How much foreign exchange flows out of the Exchange Fund can be used to recover as many Hong Kong dollars as possible. In this regard, many currencies cannot compare with it.
After some calculations, although the available funds were less than half, Li Jianhui's desire to expand has not diminished.
Although Li Jianhui is a guy who likes to make quick money, he is still quite interested in some technology research and development industries.
Although finance and real estate are making money, Li Jianhui has no intention of continuing to invest more than 20 billion in it this time.
After thinking about the industrial layout of the Xinjian Department and even Donghuahui, Li Jianhui set his sights on batteries.
Huahong Group will slowly give up the mobile phone battery business and will be taken over by Li Jianhui's newly established Blue Core Company. This company's main business is battery R&D and production, not just mobile phone batteries, but also batteries for some electronic products.
Li Jianhui plans to provide 5 billion Hong Kong dollars for its development, hoping that this company can become the world's major supplier of mobile phone batteries.
Moreover, Li Jianhui also knows that electric vehicles will be all the rage in the future, and Blue Core is bound to get a share of the pie.
As Li Jianhui's temporary assistant, Su Jiangting was speechless when she heard that Li Jianhui planned to establish a new independent company and invest HK$5 billion.
At the same time, they also lamented that Chen Xinyi had a good life. Although their children could inherit a generous family fortune, they were far behind Chen Xinyi.
And the most important thing is that Li Jianhui is still increasing investment in Greater China, and many new corporate headquarters are also located in Xiangjiang, which leads to the gap between them and Chen Xinyi only getting bigger and bigger.
It's just that they can't have any opinions on this matter. In the Xinjian Li family, it is entirely Li Jianhui's decision.
So far, all the shares of the Xinjian-related industries belonging to the Li family of Xinjian are controlled by Li Jianhui. If anyone makes Li Jianhui unhappy, he is afraid that in the end his children will not be able to inherit any assets.
However, Su Jiangting is different from vases like Chen Yulian and Guan Jiahui, and they can still express their opinions on some things.
For example, this new company cannot change the location of its headquarters, but it can make some suggestions on ownership and personnel.
"Jianhui, because you have positioned this company as a fourteenth-level independent company, I suggest that Tiao Le Yiling be appointed as the president.
You also know that Le Yiling is not yet 25 years old. In addition, I will be your assistant in the short term and can also manage the affairs of the confidential office. It is a waste of her talents to continue to serve as the acting director of the confidential office. "
Li Jianhui thought for a moment and felt that Le Yiling was indeed a more suitable candidate at present, so he asked Su Jiangting to communicate with Le Yiling to see if she was willing to serve as the president of Blue Core Battery Company.