Chapter 1163 All parties bail out the city
At the critical moment when the Hong Kong stock market plummeted, a liaison meeting between the financial and business circles of Hong Kong, chaired by Governor Wilson Wilson, was held at the Governor's Palace.
This time, the heads of the major families in Xiangjiang, the major financial institutions in Xiangjiang, and the heads of various enterprises attended the meeting.
Wilson said solemnly at the meeting: "Heung Kong Finance is facing the biggest challenge in decades, affected by the global financial crisis caused by the United States, our Hong Kong stock market has also been severely impacted, I hope that major listed companies can buy back their own shares, and I also hope that Hong Kong's financial institutions can enter the rescue market, and the stable development of Hong Kong requires the joint efforts of all of us." ”
Since taking office as Governor of Hong Kong, the financial crisis has been the biggest challenge to him, and Wilson hopes that Hong Kong will be able to survive this round of financial crisis as soon as possible and avoid a retrogression in Hong Kong's economic development.
The scope of this crisis is too large and too wide, all capitalist markets have been affected, dozens of stock markets around the world have plummeted, and the market value of exchanges in several major financial centers has evaporated by tens of billions of dollars in one day.
During the meeting, the Hong Kong government and the exchange decided to impose a daily trading limit for the week.
At the same time, HSBC, Standard Chartered and Bank of Hong Kong, which are the issuing banks of Hong Kong dollar notes, are required to maintain the stability of Hong Kong's currency and avoid the collapse of Hong Kong's finance.
The meeting lasted more than two hours, and Wilson communicated with Li Guangyu, Xiu Dalan, Keswick, Shi Huaiya, Luo Lanz, Feng Jingyao, Zheng Yutong, He Hongsen and others one by one, and invited these people to enter the rescue of the market.
On Tuesday, the Xiangjiang stock market plummeted 623 points again and closed at 2,990 points, falling below the 3,000-point mark, casting a thick shadow on Xiangjiang shareholders and investors.
Not only the Hong Kong stock market, but also the major stock markets in Asia and Europe were affected by the collapse of the US stock market, and all of them plummeted by more than 10% on Tuesday, and various countries are preparing to rescue the market, hoping to reduce the panic of investors.
On Tuesday morning, the stock markets of Asian and European countries came to an end, and the U.S. government announced a bailout, calling on major listed companies to buy back their own shares, and at the same time telling the outside world that the U.S. economy is running well, so that shareholders should not panic.
At the same time, the introduction of these policies, coupled with the start of buybacks by some companies led by Merrill Lynch, did not plunge again as the previous day, and by the end of the day, the Dow Jones Industrial Average was down only 78 points.
The fact that the New York stock market did not plunge as it did on Monday also gave some confidence to Asian stock markets, and policies were introduced to stabilize the stock market.
At 9am on Wednesday, New World Development Group announced a HK$2 billion investment in Tseung Kwan O to build a commercial and residential complex.
At the same time, Heung Kong Transport Group announced that it will invest HK$1.5 billion in the southeast of Heung Kong International Airport to establish an aerotropolis for the future accommodation of Heung Kong Airlines Group employees.
Hengyu Supermarket Group announced that it will invest US$1 billion to build Hengyu Building in Sham Shui Po.
HSBC, Standard Chartered Bank and Bank of Hong Kong have announced that they will enter the stock market to maintain the stability of the Hong Kong stock market.
Ho's Shun Tak Group announced that it will invest HK$5 billion to build Shun Tak Building in Tseung Kwan O.
The Hong Kong government has also announced that it will build a subway line from Hung Hom Station to Tseung Kwan O, so that the Tseung Kwan O University Town can go directly to Tin Shui Wai University Town as a subway.
South China Electrical Appliance Chain Group announced that it will invest 500 million Hong Kong dollars to build a group warehousing center on the outlying islands.
A number of listed companies such as Heung Kong Electric, Cheung Kong, Sun Hung Kai, Shau Kee, Heung Kong Bank, and Chow Tai Fook Jewellery announced the repurchase of their own shares.
A series of good news came out, so that the plummeting stock market in Xiangjiang finally slowed down, shareholders are no longer as panicked as in the previous two days, and now more sell orders in the market are foreign capital, which is estimated to be ready to withdraw from the Xiangjiang market.
They are not as simple as the investors think, they think farther, and there are more information channels, affected by the huge fiscal deficit and inflation in the United States, it is very likely that the Hong Kong dollar will be frustrated, after all, the Hong Kong dollar and the US dollar are directly linked.
Li Fuzhao in the exchange of simple stock market gradually stabilized, the heart of the heart finally relaxed, in just two days, the Hang Seng Index plummeted more than 1,000 points, such an experience he really did not want to have a second time.
At present, the Hang Seng Index is stable at about 2900 points, which is already a relatively normal data, and the previous inflated part has almost been squeezed out, and if it falls again, it will seriously underestimate the value of these listed companies.
This point is a consensus reached by him and Li Guangyu, Feng Jingyao, Feng Yongxiang, Chen Youqing and others, to maintain the current point, allow up and down fluctuations, and protect the stock market when it falls.
In the Tianyu investment department, Li Guangyu is now mainly listening to Sun Jianping's report on the situation of the U.S. stock market, yesterday they have already begun to liquidate, as for the Xiangjiang stock market, Li Guangyu is not too worried, with so many groups to shoot, plus their protection, the Xiangjiang stock market will not have too much volatility.
Sun Jianping said: "Li Sheng, as soon as the U.S. stock market opened, we started the liquidation action, yesterday's clearance was quite smooth, has completed one-sixth of our order in the U.S. stock market, and then we will continue to trade, and the latest end of the transaction will be our futures trading deadline." ”
Li Guangyu did not criticize anything, this time Tianyu Investment Company planted an order of $40 billion in the US stock market through leverage, and it was not easy to deliver an order of more than $6 billion in one day yesterday.
And as the U.S. stock market stabilizes, many longs see hope, and they really don't want to settle now, and now there are very few new long investment institutions, after all, the world is still affected by the stock market, more orders are not sold, and there are no new longs, Li Guangyu wants to clear the empty orders is impossible, after all, he needs to buy and return, and he can't pay it back if he wants to pay it back without a list.
Now while selling, they wait for the trade deadline to come, and when the trade deadline comes, they will be able to take delivery according to the futures contract.
Li Guangyu said: "Now it depends on the follow-up impact of the U.S. stock market, our other stock market orders have also begun to clear their positions, the stock market in these areas has not yet stabilized, I believe that many people who have more than one order in their hands hope to sell it as soon as possible, and these places will be faster than the United States." ”
"Li Sheng, I will inform you immediately, I believe that this operation will be perfectly concluded, and we will definitely withdraw faster than the Wall Street gang. ”
This time, Sun Jianping's capital account did not directly enter Tianyu Bank and Xiangjiang Bank, and this time their funds will come back after going around in Eastern Europe, and the possibility of being traced to the head is much smaller.
This turnaround is thanks to Gan Qinglin's efforts in the past few months and the economic reforms of the Soviet Union, and now Tianyu Bank has established a branch in Hungary.
Li Guangyu said: "You have to pay more attention to the trend of the futures market, the Wall Street people in the United States will definitely not give up easily if they do not eat enough benefits, and after the Japanese side withdraws, they can join hands with Japan to buy shares in the Japanese stock market, and pit the Wall Street people by the way." ”
This time, Li Guangyu made very few orders in the Japanese stock market, and mainly focused on the United States and Western Europe, in order to prepare for the pit of American consortiums in the Japanese market.
This time, several major Japanese conglomerates obviously will not want the American Wall Street to cut leeks on them, and when the Xiangjiang side is bailing out the market, the Japanese side will definitely not be idle, and the counterattack is estimated to come soon.
And Li Guangyu knows very well that Japan is definitely one of the countries targeted by Wall Street in the United States, and in the past few months, futures trading on several major stock markets in Japan has been very active, and there are many short-selling institutions.
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