Six hundred and seventieth chapters temporarily do not intervene
The top management of Johor Bahru City was very enthusiastic about the arrival of Li Jianhui and others. The mayor led many department heads to the airport to greet them.
Although the Tung Wah Association has invested heavily in Johor Bahru, not only the petrochemical industry, steel industry, shipbuilding industry, clothing industry, but also the Nanlong Building, the tallest building in ASEAN, is under construction.
However, the Johor Bahru City Government is still enthusiastic about the Tung Wah Association's investment of HK$50 billion in a business complex in Rayong. They also hope that the Tung Wah Association can build a large-scale business complex in Johor Bahru to promote the urban development of Johor Bahru.
That night, Li Jianhui had a very pleasant meeting with the senior officials of Johor Bahru City, but the situation in Xiangjiang was not so harmonious.
In order to cope with the current stock market crisis, Li Zhaoji, Li Chaoren and Zheng Yutong jointly initiated the event and invited representatives of major families in Hong Kong to gather at the Peninsula Hotel to discuss maintaining the stability of the Hong Kong stock market and economy.
Although Li Jianhui, Lei Juekun, Zhang Guangwen and others are far away in Johor Bahru, the Donghua Association still has the backbone in Xiangjiang. It is attended by Li Guobao, Li Chunxue, Lei Zhaoguang, Wang Shanbin, Feng Jingyao, Guo Zhiquan and others. The momentum is no better than that of other major groups.
Weak.
Talking about the current situation of the stock market, Li Guobao said: "During this period, our stock market has indeed fallen a bit, and the assets of both our families and ordinary investors have shrunk a lot.
However, in my opinion, this is relatively normal. Compared with the rapid growth in the market value of our major listed companies in the past two years, the current decline is not surprising.
I personally think there is no need to intervene at the moment to restore the stock market value to a relatively reasonable range, which will also help stabilize our financial sector in Hong Kong."
Tung Wah Association companies have low debt ratios and are not afraid of a sharp drop in the stock market. They are able to remain calm and composed about the current situation, something that others cannot.
Especially Xinya Club and Nanjiang Club, which have been expanding rapidly in the past year, in order to develop themselves as much as possible without losing too many shares to obtain development funds, they can only choose to borrow from banks, including not only corporate loans, but also personal loans.
The shares serve as collateral for the loan, and they absolutely do not want to see the stock market continue to fall.
"National Security Bureau, I know that your Donghua Association is currently focusing on developing the markets in Southeast Asia, Taiwan and Japan, and will continue to make additional investments in these places.
But after all, Xiangjiang is the root of all of us. Continuing to allow the stock market to fall will not only be detrimental to the stability of the stock market and the economy, but will also have a considerable impact on the development of our companies.
Representatives of our various companies are gathered here tonight in the hope that we can work together to maintain financial stability and avoid bigger problems caused by the stock market crash."
After Zheng Yutong's words fell, Feng Jingxi, Li Chaoren, and the chartering king spoke out one after another, talking about the negative impact of the continued decline of the stock market on Hong Kong's economy and society and various companies, and hoped that all parties would work together to rescue the market.
It's a pity that everyone in Donghua Club has no fluctuation in their hearts. At this time, they have no intention of entering the venue.
Compared with all parties, Donghua Club actually had a plan to buy bottoms when the stock market was at a low point, and stabilize the mood along the way.
But this will definitely not be the case now. At least until Li Jianhui and others return to Hong Kong, they will definitely not enter the venue.
Especially this time, Tung Wah will invest heavily in the ASEAN market, which will inevitably cause the stock market to suffer another heavy blow, and the three major indexes will inevitably plummet again tomorrow.
Like the Tung Wah Society, representatives from several major families including the Far East Society and the Nanyang Society also chose to intervene temporarily. Although the stock market crash also had some impact on them, due to various reasons, they were not as active as Zheng Yutong and others this time.
This also led to the fact that all parties involved in tonight's party were unable to reach a consensus, so that the party ended before ten o'clock.
…
In a private room of a teahouse in Central, Li Jue listened deeply to the charter king's account of the party's situation, and felt a sudden increase in pressure in his heart.
He thought that after the signing of the joint declaration, his job would be much easier than before, but now he discovered that was not the case.
The formation and development of several major consortiums have formed interest circles. The first thing to consider in their development is whether they are beneficial to their own consortia.
Li Jueshen could understand that several major families of the Far Eastern Society were unwilling to take action at this time, but the Donghua Society and the Nanyang Society were also unwilling to cooperate with several parties to maintain the stability of the stock market, which quite surprised Li Jueshen.
"Mr. Bao, I wonder what you think the Donghua Society and the Nanyang Society are planning on this?"
Faced with Li Jueshen's inquiry, Bao Yugang was not easy to answer for a while. After all, the Xianghua Association he represented was not very friendly with these two parties.
Moreover, he feels that the Heung Wah Association has become more and more excluded and has no status in Hong Kong. Take today's party as an example. Representatives of the major members and families of other major associations in Hong Kong are invited to attend, but only he, Hu Yinxiang and Dong Jianhua are present at the Heung Wah Association.
Three people.
Seeing that the chartered king was silent for a moment, Li Jue said in a deep voice: "Mr. Bao, don't have any worries. If anything comes out of your mouth or into my ears today, no third person will know about it."
You also know that I haven’t worked here for a long time, and I don’t know much about the upper class in Xiangjiang. I also hope to hear some of your opinions, which will be more beneficial to my future work.”
Seeing what Li Jueshen said, the chartering king also talked about his views on the Nanyang Society and the Tung Wah Society.
“As for the Nanyang Society, its core members are mainly Chinese families from Singapore and Malaysia. No matter how much they attach importance to the development of our cross-strait and three places in recent years, their foundation is in Singapore and Malaysia.
Sin Chew has always hoped to become the financial center of Southeast Asia, and Hong Kong is its biggest obstacle, so the choice of Nanyang Club is not surprising.
As for the Tung Wah Society, although there are many members, each family is also extremely powerful. Regardless of the East Asia Li family, the Kowloon Lei family or the Guanghua Zhang family, their assets are ahead of all the major families in Hong Kong.
But there is only one voice in the Tung Wah Association, and that is Li Jianhui. It can be said that Li Jianhui has the final say in the development direction of the Tung Wah Association.
As for Li Jianhui, it is difficult to see clearly, and no one can guess what his next move will be.
For you, he is an uncertain factor, and for several major forces, he is a benchmark. As long as he does not fall or run away, all parties can feel at ease.
The reason why Yutong and others contacted various companies for discussion today is mainly because Donghua Association’s huge investment in Rayong City sent an extremely bad signal.”
Li Jueshen felt even heavier after hearing this. He had also met Li Jianhui many times and deeply understood the complexity of this young man's character.
The other party's large-scale investment in Southeast Asia this time is probably not only to consolidate and develop the ASEAN market, but also to show it to them. Otherwise, it would not be so grand and would not choose such a period.
As for the exact nature and plans of the Donghua Conference, Li Jueshen was not sure for a while. Especially in the past two years, the political and economic research office and confidentiality office of the Xinjian Department have become stronger and stronger. It has been difficult for them to arrange personnel to get close to Li Jianhui.