This is a day worth recording in history, May 14th, later known as Black Monday in the Asian stock market.
After the stock market continued to fluctuate and rise for three days last week, today the three major Hong Kong indexes all opened with a gap. The East Asia Index fell 3%, and the Hang Seng Index and Sun Hung Index also fell by more than 2%.
In the CBBC market, whether it is the three major indices or major leading stocks, a large number of bear contract orders have appeared.
At the same time, a lot of bad news came out in the market, and the market sentiment was full of panic. Coupled with the push from the forces behind it, many leading stocks fell by more than 5% in just one morning. Xiangjiang Airlines, Huangpu Shipping, Huihong Group, Xinjian Bank, HSBC,
Jardine Matheson Holdings, Wharf, Nanjiang Hang Seng Bank, etc. fell by more than 10%.
It really goes with the old saying, the higher you climb, the harder you fall. The greater the rise during this period, the greater the fall today.
In the Xiangjiang stock market, which does not have a daily limit, a drop of more than 10% is not the end. Great Eagle Real Estate plummeted by nearly 30% this morning, and its sister company Bailibao fell by more than 40%.
In the Securities Investment Department of Merrill Lynch Xiangjiang Company, General Manager Wolff was quite angry.
Although they have been gradually shipping last week, because they are afraid of a sudden stock market crash, and Tung Wah Hui Securities is also shipping, Merrill Lynch's shipments are not too large.
Originally, they planned to complete the shipment plan in two to three weeks, but unexpectedly, just starting this week, the direction of the stock market has completely changed.
This situation occurred in the stock market this morning. He knew very well that it was related to the Donghua Association. During this period, the other party had completed its layout through shareholder reductions, additional financing, and shipments from securities institutions. Now it is obvious that it is going to smash the market and prepare to sell them.
This hot money is trapped inside.
Thinking of the changes during this time, he was also quite angry. If all parties in that meeting had agreed with his opinion, Merrill Lynch would not be in the embarrassing situation it is in now.
After reporting on the general situation of the three major stock markets in Xiangjiang in the morning, Chen Minchang, general manager of the investment department, suggested: "The current situation is obvious. Donghua, which has completed its layout, will start to smash the market. Xiangjiang stockholders are buying up and not buying down.
Led by the Donghua Society, there was a large amount of selling, causing the stock market to plummet.
You also know the financial situation of the Xiangjiang stock market. At this time, we have only one choice, and that is to follow the Donghua Society to ship goods and smash the market."
As for protecting the market, that is impossible. Merrill Lynch will not use its own funds to make a wedding dress for Hong Kong stockholders.
It is impossible to wait and see. This layout has been long enough. If we don't ship the goods, it will take another year or two, maybe even several years, to make such a profit again.
It is unlikely that Xiangjiang Capital will protect the market at this time. The debt ratios of Tung Wah Association's companies are relatively low, and they are not worried about the impact of the stock market crash on the company's capital chain.
At this time, other parties in Xiangjiang are also focusing on the land auction in two days. It is impossible for them to spend a lot of money to protect the market.
Wolfford had to admire Donghua Club's timing. He even guessed that Donghua Club's move was not only aimed at their hot money and suppressing the huge bubble in the Hong Kong stock market, but also for this local auction.
Although Merrill Lynch is not involved in the real estate industry, it does know something about this land auction. It can be said that the amount of land acquired in this land auction directly determines the development of these real estate companies in the Hong Kong real estate industry in the next ten years.
Several major commercial consortiums in Hong Kong, with real estate and finance as their backbone, are bound to make a splash this time. It will be an unprecedented money feast, and the transaction volume may even exceed 100 billion Hong Kong dollars.
At this time, the stock market plummeted, which will inevitably weaken the economic strength of several other consortiums, and at the same time, it can also lower the expectations of major real estate companies, thereby reducing the competitive costs of Donghua Association.
"Manager Li, since the situation is out of control and the previous plan is invalid, you are now arranging all-out shipments.
Since we cannot obtain huge returns, we will pour another bucket of ice water on the stock market and further promote the collapse of the stock market to hit the economy of Hong Kong and even Asia."
…
Hong Kong’s financial influence is no longer limited to Hong Kong. This morning, affected by the Hong Kong stock market, stock markets such as Baodao, Sin Chew, Kuala Lumpur, Bangkok, Jakarta, Tokyo, and Seoul also fell.
Faced with this situation, countless forces held emergency meetings to discuss how they should face this situation.
In the private room of Yan Hui Hotel in Tseung Kwan O, members of the Tung Wah Club were in a very relaxed mood. The plummeting stock market did not seem to affect their mood.
Talking about the situation in the stock market this morning, Li Guobao said: "Our major securities investment companies have sold their shares in Hong Kong listed companies in the past few weeks.
The main thing we sold today was the reduction of our holdings in the shares of listed companies, which drove retail investors to sell, which in turn triggered a sharp fall in the stock market.
Now we just need proper guidance. As for share reduction, if the price is suitable, continue to reduce the shareholding. If the price drops too much, we can stop the reduction. Anyway, whether we can complete the shareholding reduction will not have much impact on us.
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They don't know how much hot money has made this time. Anyway, these securities investment companies present can say that they have made a lot of money.
You must know that the price was quite low when they first acquired these shares. In the past two years, they have at least doubled or tripled.
Just take Xinjian Securities Investment Company. According to the summary report on this round of operations last weekend, the profit was as high as more than 26 billion Hong Kong dollars.
This time, the Tung Wah Club not only raked in the wool of stock investors, but also of hot money, especially capital from Southeast Asia, the Middle East, and Western Europe, which have entered the Hong Kong stock market on a large scale in recent times.
Moreover, the Donghua Association is not afraid of hot money protecting the market at all. If the parties really do that, they will continue to let listed companies raise additional funds to promote the rapid expansion of their own companies.
At present, Tung Wah Club is fully capable of being a real estate developer, and it holds a large amount of land for development. It is quite easy to suppress property prices.
The reason why so much hot money has come in during this period is mainly because of the signing and release of the joint statement, and it is natural that the stock price will rise sharply due to this benefit.
It's a pity that I met the weirdo Tung Wah Society and the American hot money who was planning a huge plan. As a result, the stock market was dragged down not long after it took off. I thought I could take advantage of this wave of dividends to cut off a wave of stock investors.
, but don’t want to become a leek.
When talking about the follow-up issues, Li Jianhui said: "As for bargain hunting, we don't need to be too anxious for the time being. American hot money will definitely make big moves in the past two days. After the stock market really hits a trough, we will consider buying back shares. Let us buy back shares in Donghua
The shares held by the association’s enterprises can reach the standard of 65%.”
Today, everyone also discussed the local auction in two days. This time, Xiangjiang Real Estate Company, a subsidiary of the Tung Wah Association, except Wheelock Land, will all attend.
Li Jianhui and Li Guobao will also attend in person on behalf of Xinjian Real Estate and Chinese Real Estate respectively. The minimum goal of Tung Wah Association is to win half of the land.
It can be said that the Tung Wah Association has made full preparations this time. Xinjian Real Estate has just been listed and has more than 40 billion Hong Kong dollars in hand. Hutchison Real Estate, Chinese Real Estate, Guanghua Construction, Kowloon Construction, and Xinhui Real Estate have also
After completing the additional financing, everyone has sufficient funds to participate in this local auction.
Moreover, this time the Tung Wah Society will focus on suppressing the Nanjiang Society and the Sun Hung Society in the land auction. Not only will these two parties lose everything, they will definitely not be allowed to obtain too much land.