Chapter 1053 - The First Bottom-Buying Target (The First Vote)
In the afternoon of the same day, U-Ming Min-Ming Finance's parent company, U-Ming Marine Bank, Malaysia, sent representatives to negotiate with the Hong Kong government again to further understand the situation of U-Ming Finance and Jianing Group in the economic fraud case.
In order to give the depositors waiting outside the Hong Kong government a truth as soon as possible, and in order to end the stock market crash as soon as possible, MacLehose took a very tough attitude, urging the Attorney General's Chambers and the Hong Kong High Court to prosecute Jianing Group and U-Ming Marine Finance, and made it clear that they would investigate to the end.
In order to speed up efficiency, at the behest of MacLehose, the Heung Kong High Court also invited Heung Kong Standard Accounting Firm to join the bankruptcy liquidation team.
Xia Yu immediately received a report from Standard Accounting Firm, and he realized that this was the kindness thrown by MacLehose.
This kind of thing, which can greatly speed up the bankruptcy liquidation process of Jianing Group, and find out the asset details of Jianing Group from the inside in advance, has many benefits, how can he not accept it?
For this reason, after getting off work in the evening, Xia Yu also specially called MacLehose, chatted about Sun Hung Kai Bank, and promised to make every effort to let Standard Accounting Firm assist.
Over the next few days, several more big things happened in the banking sector.
The first thing that happened was that HSBC drew a scoop with a gourd, and it seemed that in order to show its leading position, it placed 1.2 billion Hong Kong dollars in cash in the center of the lobby of HSBC, and the run crisis faced by HSBC was resolved in an instant.
After learning the news, Xia Yu just smiled faintly and threw it aside, and Shen Bi could only rely on this small means to maintain the prestige of HSBC.
He has been paying close attention to HSBC, but he knows that HSBC still scrapes together all the money, and HSBC has also received financial support from HSBC Holdings, the British parent company.
It's just that although HSBC has put out an extra 200 million Hong Kong dollars, it can't hide the fact that it is ranked behind Jiuding Bank and Standard Chartered Bank to resolve the run.
What's more, unlike Jiuding Bank and Standard Chartered Bank, HSBC is involved with Jianing Group and Swire Group, especially the huge amount of loans with Swire Group, and anyone with a discerning eye knows that HSBC will lose a lot this time.
Therefore, although HSBC put out 1.2 billion cash to prove its strength to resolve the run crisis, HSBC's stock price continued to fall with the broader market, at best, the decline has slowed down significantly.
In addition to HSBC, Xia Yu also learned that Hang Seng Bank and the Bank of East Asia are also urgently raising funds, and it seems that they also want to follow the example to resolve the run crisis.
HSBC is only the largest shareholder of Hang Seng Bank, so even if HSBC resolves the run crisis, Hang Seng Bank can only alleviate it slightly, and if it wants to solve it completely, it has to rely on itself, and HSBC has no extra funds to help Hang Seng Bank.
In the past few days, HSBC has lifted the run crisis, but five small banks have declared bankruptcy, bringing the number of bankruptcies in this stock market crash to eight.
The negative impact of the bankruptcy of five small banks is no longer inferior to that of one medium-sized bank, and even greater because of the increase in numbers.
It can be said that the banking industry in Hong Kong is completely hot and cold!
......
Early in the morning of September 7th.
Xia Yu was eating breakfast at home and reading the newspaper from time to time.
Xia Yu felt a little emotional when he read in the "Fengyun Daily" that DuPont completed the largest acquisition involving capital in the history of the United States and privatized ConocoPhillips, one of the oil giants, into a subsidiary at a price of $7.4 billion.
"I'm on the rise, and other consortia aren't idle!"
"Compared with those old consortia, my Jiuding consortium is still far behind, oil has just been involved, heavy chemical industry is still at the door, and the military industry has not yet moved. ”
"Gotta keep working hard......"
After putting down the newspaper, Xia Yu quickly finished breakfast, then sorted out his clothes, picked up his clothes and went to the company.
It's time for a new week to begin!
After summoning Liu Tianci, Wang Qi, Jason Greg and others to the headquarters for a short meeting, the bottom-buying operation officially began.
As soon as ten o'clock arrived, the stock market reopened after a two-day break.
The Hang Seng Index fell slightly, from 621.75 to 619.23.
Subsequently, as many companies and billionaires used funds to buy back shares, the Hang Seng Index continued to fluctuate.
Many institutions and retail investors who were originally locked in funds have finally seen the light of day and continue to sell their stocks.
As for continuing to hold and waiting for the stock price to rise again?
Except for a few confident stockholders who think so, other stockholders and institutions are all scrambling to clear their positions and flee.
The stock market crash is not over yet! The bank run crisis is still continuing, there are still many banks with extremely high risk of bankruptcy, and the question of the future of Hong Kong has not yet been decided, and it is a pipe dream to expect a long-term rebound in the stock market!
It took six or seven years to recover from the 1973 stock market crash, and it is uncertain how many years it will take for the stock market crash to subside the impact, so it is better to get the funds back as much as possible and find other things to do......
At three o'clock in the afternoon, Xia Yu came to Henderson Land Co., Ltd. in a low-key manner and met Li Zhaoji, who was waiting in the office making tea.
"Mr. Li, good afternoon!"
"Mr. Xia, long time no see, please take a seat!"
"Tea, please!"
"Thank you!"
......
After a few brief greetings, Xia Yu took the initiative to provoke the topic.
"Mr. Li, since this morning, many companies have begun to buy back shares, and Henderson has much more funds than them, when are you going to buy back?"
Li Zhaoji didn't hide it, he said with a smile: "It's just these two days, I'm not in a hurry." ”
Xia Yu smiled: "Yes, there is food in your hands, don't panic in case of trouble!"
Li Zhaoji shook his head and smiled: "Mr. Xia, don't laugh at me, although my Henderson Land went public in June to raise one billion Hong Kong dollars, but before the stock market crash broke out, it also spent a lot, in fact, there is not much money now." ”
"Where can I compare to you, the God of Wealth, there are still billions of cash piled up in the lobby of Jiuding Bank!"
Xia Yu smiled and said humbly: "That is, I am lucky that there is so much money in the treasury." ”
"Mr. Li, you also know that bank funds are highly operational, and if I really want my bank to be idle for 1 billion Hong Kong dollars, I will get 80 million Hong Kong dollars a year just for interest losses. ”
Li Zhaoji agreed with Xia Di and smiled, and did not dwell on this topic anymore.
After a brief chat, Xia Yu's face turned straight and looked at Li Zhaoji solemnly.
"Mr. Li, I'm here to buy something for you. ”
Li Zhaoji's eyes froze, and he pondered for a moment and asked, "I don't know what it is?"
Xia Yu looked directly at Li Zhaoji and said softly: "The equity of China Gas Company held by your company!"
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