On the morning of October 20, Li Guangyu listened to Guo Fengtao and Sun Jianping's report on futures delivery in the office.

After these days of negotiations, Tianyu Securities Investment Company has reached the delivery of futures contracts with the Development Bank of Singapore, HSBC, Baodao First Commercial Bank and some investment institutions in Xiangjiang, and the negotiated price is calculated based on the lowest point of the Xiangjiang Hang Seng Index last year.

At present, only Citibank's HK$10 billion order, Standard Chartered Bank's HK$9.5 billion order, and Sanhe Bank's HK$7.5 billion order have not been settled.

Behind these three are the American consortium, the Western European consortium and the Japanese consortium, all of which are powerful masters, and they are not in a hurry to close the contract with the Lee consortium, hoping to see the situation behind them.

After the completion of the 23 billion Hong Kong dollar transaction, the Li consortium has obtained a profit of more than 10.8 billion Hong Kong dollars, which is enough to support a number of investments by the Li consortium.

Li Guangyu said to the two: "This fund is temporarily placed in your company's account, pay attention to the situation on the stock market at any time, if there is a rebound, immediately suppress me, pay attention to the movements of the three banks, and don't let them pull up the stock market." ”

Guo Fengtao immediately said: "Li Sheng, please rest assured, we will always pay attention to the state of the stock market, as long as someone wants to operate on the stock market to pull up the stock market, we will immediately take action to suppress the stock market." ”

With this fund in hand, they Tianyu Investment Company Xiangjiang has nearly 20 billion Hong Kong dollars in cash in its account, plus they also have many stocks of major listed companies in their hands, which is enough to deal with the situation on the Xiangjiang stock market.

At present, the situation in Xiangjiang is uncertain, Guo Fengtao is very confident in this, and now all walks of life in Xiangjiang can be said to be highly nervous, and any wind and grass may cause the stock market to plummet, and it is very difficult to pull the stock market up.

At the office of the chairman of Standard Chartered Bank, the manager of the investment department reported to George LaVine on some of the situation in the market, in particular the delivery of futures contracts by the Lee consortium and some banks and investment companies.

George Lavin himself hoped that this time, like HSBC, would close the contract with the Lee consortium at such a price, but unfortunately the headquarters did not agree and asked him not to discuss the contract delivery with the Lee consortium for the time being.

He knows that this must be because these investors are unwilling to admit defeat like this, and they still want to gamble to see if the stock market will rebound in the next two months, and they feel that the Xiangjiang stock market will fall again, and it is impossible to fall to the lowest point last year.

George Laven only thinks that they are too naïve, the current situation in Xiangjiang is not just a question of the ownership of Xiangjiang, Xiangjiang has developed rapidly in recent years, and a huge bubble economy has formed on the real estate, and the Xiangjiang problem is just an introduction.

The Xiangjiang property market has been in crisis since the stock market plummeted, but the major real estate companies and real estate speculation groups in Xiangjiang have maintained this price and prevented the price from falling.

This time, because many middle-class people are leaving, they are eager to deal with the real estate in their hands and start to sell at a reduced price, and there are still a lot of houses that have emerged this time, and some of them have several sets, and the price of the Xiangjiang property market was instantly detonated.

The real estate speculation group is also anxious at this time, these middle-class people are selling their houses, and if they don't make a move, these houses will be smashed in their own hands at that time.

Once the property market plummets, and they don't make a timely move, it is likely that in the end these houses will be taken away by the bank for auction, if it is not enough to offset the loan, they still need to repay these debts, they obviously can't afford to wait.

Now that so many houses and facades have emerged in Xiangjiang at once, everyone can see that the Xiangjiang property market is not good, and it is only a matter of time before the collapse of the Xiangjiang real estate company.

The listed companies on the Xiangjiang stock market are more or less related to the real estate industry, how did the stock market recover?

It's just that George LaVine himself understands that it is useless, and the headquarters still insists on their opinion and does not negotiate the delivery of the contract with the Li consortium for the time being.

George LaVine said: "You keep an eye on the stock market, and if you don't have enough margin, you immediately report it to the head office, so that they can contact the customer to inject funds into us to maintain this transaction." ”

After George LaVine's investment manager left, he contacted the bank's major shareholder, Khoo Teck Puat, to report to him about the current situation.

In addition to the things in the futures market, the biggest impact on them is the thunderstorm of real estate companies, many of their loan funds are flowing into the real estate industry, once these real estate companies have problems, their bank losses will not be small, these things must be prepared in advance.

Standard Chartered Bank's current situation is even more dangerous than HSBC's, especially since their headquarters are not in Xiangjiang, which is vulnerable to a run on the citizens of Xiangjiang.

After pausing George LaVine's report, Khoo said: "Regarding the issue of futures, since the customers have asked to continue to hold, we will follow their decision, and I will contact the chairman of the bank to advise on this issue, and ask these customers to deposit margin to your side in a timely manner." ”

As for the real estate situation in Xiangjiang, Khoo Teck Puat now has more headaches than George Lavine, and his own bank has a more serious problem this time.

Since they have only entered Xiangjiang in the past two years, in order to occupy the market and compete for customers, they are more lenient than Standard Chartered Bank in terms of loans.

Even if they take these properties back to the bank, the loss is not small, these houses are not worth anything at all after the market price plummets, they are the landlords of the bank, but unfortunately no one takes over.

Khoo Teck Puat is even more worried about a run on their banks during this period, as their banks do not have sufficient cash reserves, and if they are run, they are likely to have major problems.

The only thing that made him happy was that they and the Li Consortium had turned enemies into friends, and the Li Consortium would not specifically target their industry. Otherwise, with the ability of the Li consortium, the Xiangjiang side will definitely be run.

At this time, Khoo Teck Puat could only ask George LaVine to recover the bank's loan as much as possible and strictly control the loan application.

Although Khoo Teck Puat is currently the largest individual shareholder of Standard Chartered Bank, he is only a director of Standard Chartered, and he can't interfere in many things.

George LaVine said: "Mr. Qiu, one of our biggest problems at present is still on the Jardine Matheson issue, because we have a stake in Jardine Matheson Holding Group, and this group is cross-holding with Jardine Land Group, and at present, Jardine Land Group has difficulties in capital turnover due to the sharp drop in the stock market, do we need to continue to inject capital into it?"

Before the acquisition of Jardine Matheson's shares, Qiu Depuat was not the largest individual shareholder of Standard Chartered Bank, he was unwilling to pay for Jardine Matheson, and the Li consortium had been staring at Jardine Matheson, and he did not want to be a nanny for Jardine Matheson.

"Don't continue to invest in Jardine Matheson, you need to tighten your money to ensure that the bank has sufficient funds to deal with possible crises in the future," Khoo said. ”

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