The American magazine "Fortune" once commented on the ruling power in Hong Kong, believing that the right to rule Hong Kong is the Jockey Club, Jardine Matheson, HSBC and the Governor of Hong Kong.

These old forces basically cover British politics, capital, and influence in Hong Kong.

From the very beginning, until the handover, Hong Kong was a transit point and a colony for Britain to extract wealth and transfer finances in the Far East. The so-called colonial prosperity is mostly a small residue left over from the process of wealth transfer from Hong Kong.

Basically, Hong Kong has created very little wealth locally, mainly through the circulation of wealth and materials, and earning some tolls or handling fees.

After the real wealth is transferred, it is mainly the expensive real estate that is left to Hong Kong. Expensive real estate is not real wealth. In essence, what supports Hong Kong's real estate is mainly the income of Hong Kong citizens, the continuous inflow of Chinese capital, and the international capital wants to earn Chinese interests and transit to Hong Kong. Chinese capital wants to enter the international market, but it feels that the international market is too risky, so it chooses to invest in Hong Kong first. The import of various interests into Hong Kong has brought about abnormal prosperity.

For example, because Hong Kong is a colonial economy, most of the land property rights were occupied by the old British capital at the beginning. In the process of exiting British assets, it is only necessary to constantly sell real estate that is almost capitalless, and the wealth can be transferred far more than several times or even dozens of times Hong Kong's GDP.

In a sense, before and after Hong Kong's return to the motherland, a series of economic chaos, mainly the withdrawal of capital capital, took away the interests of most departments, and only an empty shell remained, and this kind of efficient plundering was no less than a looting. But in the eyes of ordinary people, it is difficult to detect.

Hong Kong's colonial-era rights, including HSBC, must have been in fear before the handover. Therefore, some assets, with the help of this psychological advantage before 97, can be able to acquire high-quality assets.

After all, Jardine Matheson has been divesting and continuing to sell. Other British-funded and even Chinese-funded consortia in Hong Kong made a series of moves to sell off assets and transfer them back overseas before the handover.

Although HSBC is smaller than Jardine Matheson, it has also been investing in financial assets in the UK, Europe, the Americas, Australia and other parts of the world over the years. In fact, the rate of return on these assets is far worse than HSBC's business in Hong Kong. However, these are mainly for the need to transfer assets and diversify them, not for the pursuit of a rate of return.

Now HSBC, if the price is right, will definitely sell some Hong Kong assets before 97 to replace them with overseas assets!

……

At the beginning of December 89, Lin Qi suddenly made a high-profile investment in HSBC, the largest blue-chip stock in Hong Kong's capital market. Although, the number one stock in the Hong Kong stock market by market capitalization, is constantly changing. However, HSBC's market capitalization is relatively stable and growing, so most of the time, HSBC is the largest listed company in Hong Kong by market capitalization.

At present, HSBC's market value has exceeded 100 billion Hong Kong dollars, and in the eyes of many people, such a large market value has lacked room for growth.

In fact, in Lin Qi's eyes, HSBC's future rate of return is not the most prominent. Although, in the next 20 years, HSBC plus dividends, there will be a 20 times rate of return. But...... This rate of return is no longer very attractive. Because, Lin Qi can find a bunch of assets, and the rate of return is better than HSBC.

Even Hong Kong's Cheung Kong and Hutchison Whampoa will be able to consistently outperform HSBC in the coming decades.

Here, the main reason is that HSBC panicked about global diversification before the return, and then did not get a good return. In many areas, HSBC even failed to exit.

Essentially, HSBC's fastest growth period was mainly during World War II, when Hong Kong's economy took off. HSBC has successively lent to Chinese capitalists, catching up with the rise of Hong Kong's manufacturing industry and the rise of the real estate industry. These two dividends are basically equivalent to HSBC grabbing all the high-quality Chinese capitalists in Hong Kong, lending to these people, and selling some non-performing assets to Chinese capital, and the governance level of Chinese capital exceeds that of British capital.

After the boom in the real estate industry, mortgage loans have enabled millions of Hong Kong citizens to receive their salaries in the first hand and hand in the mortgage loans to HSBC.

Such a super bank, the capital of Hong Kong, has never even dared to think of buying HSBC!

However, this thing really happened......

Since December, HSBC's stock price has risen continuously, and for 12 trading days, each of which has seen a significant increase at the close. The volume has also become very active.

A large number of applications for buying have appeared in the securities investment channels of major securities companies and banks.

Every trading day, HSBC's trading volume exceeded HK$2 billion, and the net purchase was not less than 1 billion!

For more than 10 consecutive trading days, it's like this!

It's clear to anyone that HSBC is being targeted!

On December 20, HSBC finally found the clue and sternly protested: "Recently, many investors have reported that HSBC shares have been continuously bought by capital. At first, we didn't know the situation, but after a period of analysis, we came to the preliminary conclusion that the new venture department had divided more than 100 accounts and continued to buy the company's equity......! We are extremely opposed to this kind of malicious sweeping and purchasing behavior without prior communication!"

HSBC Chairman Pu Weishi said with regret: "Mr. Lin and I are personal friends, and we at HSBC have always supported the development of the new venture electronics group, and the cumulative credit granted to the new venture electronics group has reached 170 billion Hong Kong dollars, which can be said to have made a great contribution to the development of the new venture department." While we respect Mr. Lim's investment decision, we ...... We, the HSBC of the Hong Kong people, are the HSBC of hundreds of thousands of small and medium-sized shareholders, and the HSBC of 100,000 employees, not the private HSBC...... Since we do not have an absolute controlling shareholder, we do not have a dominant share, which has laid the foundation for the development of HSBC over the years, and I hope that Mr. Lin will stop such hostile takeovers!"

But Lin Qi ignored this, and did not even make a positive statement.

Zhang Ru, the person in charge of the new venture capital electronics group, said: "The business of the new venture capital electronics group is normal, because I am not responsible for the financial investment business, I don't know the situation for the time being. At present, our group holds a cash position, converted into Hong Kong dollars, there is more than 100 billion cash, a large amount of cash, can only get a small part of the interest, affecting the efficiency of our group's return on capital. Therefore, I learned that my company has recently carried out a series of wealth management business, which has cost about 15 billion Hong Kong dollars. Specifically, when I invested in those projects, they didn't follow me, and there was only one line written in the briefing, equity investment, it should be investing in stocks!"

Damn it!

HSBC's chairman, David Povis was not satisfied with this reply. The CEO of the new venture electronics group is not even clear about the company's investment direction. 15 billion investment?

Well, that's not all! More than 15 billion people have recently bought HSBC!

It is estimated that other companies under Lin Qi have also made a move!

Therefore, HSBC Chairman Pu Weishi continuously proposed to meet Lin Qi, but the heads of major companies in the new venture capital industry played Tai Chi one after another, either saying that they didn't know where Mr. Lin was, or that Mr. Lin accompanied his wife on her honeymoon.

Hell honeymoon?

Did you launch a hostile takeover of a bank as big as HSBC during your honeymoon?