Chapter 182: Hong Kong's Turmoil III
Located in the Central and Western districts of Hong Kong, Central is the political and economic center and high-end shopping and business district of Hong Kong, with countless financial centers, a variety of restaurants and fashion stores, and is a favorite place for tourists and Hong Kong locals to go shopping. In addition www.biquge.info there are many old and new buildings in Central, which have become iconic buildings, such as the Bank of China Building. The Jardinehouse, once Asia's tallest building, is also located in Central.
Jardine Matheson Building is a 52-storey (178.5-metre) building formerly known as Connaught Building, and in 1988, the headquarters of Jardine Matheson Group was relocated to Connaught Building and renamed Jardine House. Originally, the entire building was the office of Jardine Matheson, but since March 28, 1983, when Jardine Matheson suddenly announced that it proposed to change the registered place of Jardine Matheson Holdings from Hong Kong to Bermuda, the number of Jardine Matheson Group employees in Jardine Matheson Building has been reduced day by day, and now only a few floors are used as the office space of Jardine Matheson Management Limited, and the rest of the floors are leased out, including the top floor.
On the 52nd floor of the Jardine Building, Billy King, head of the Tiger Fund for Asian Affairs, and Jones, head of the Quantum Fund, stood side by side with their hands in their pockets, looking out of the window at the beautiful Victoria Harbour not far away. The two of them didn't speak, but from the angry eyes, they knew that they must have something on their minds at this time!
"Jones, don't make trouble with the Quantum Fund this time, the master of Wall Street is not the Tiger Fund, let alone your Quantum Fund. Mr. President is just a doll with a rubber stamp and we are nothing! If this action against Hong Kong is delayed because of your Quantum Fund, you can imagine the consequences of the Quantum Fund! The Chinese are right to say that finding is not a good thing! ”
"Bastard, how many times have I said it, this time it was definitely not our Quantum Fund that did it. Today, the Hang Seng Index Forward Futures Quantum Fund for September and December has only sold 2,000 lots, shouldn't the remaining Contract Tiger Fund know something? Jones rubbed the blonde hair on his head with his head in his hands, and retorted hysterically.
"Hmph. Damn the Chinese! Damn the hundredfold! I want them to go bankrupt in this financial crisis! "Billy King tried to keep his demeanor as low as he could, to rant and vent.
In September and December, nearly 15,300 contracts of the Hang Seng Index forward contracts were traded, but the performance of European and American capital today was only less than 6,000 hands, and nearly 7,000 of the remaining short orders were traded by Baifuller Investment Bank in the seats of the futures exchange. This is not the main thing, the most important thing is that Pefer refuses to disclose customer information, so that European and American capital does not even know about the enemy, and is naturally depressed.
"I think everyone will agree, but what about the Bank of China Group?" Thinking of the Bank of China Group, Jones frowned, a little puzzled, and helpless.
The Bank of China Group was the result of negotiations between China and Britain in 1983 and represents one-third of Hong Kong's financial sovereignty won by China. It represents the hinterland in Hong Kong, which is more about politics. For the hinterland, the economic status of the Baifuller is very high, which also determines its high political status.
Peregrine's reputation in China is largely known through the listing of red chips in Hong Kong. Among the many Chinese businesses that Peregrine operates, red chips are the most brilliant page. CITIC Pacific is the first red-chip stock, and its successful listing is inseparable from Peregrine's full support. Peregrine has been acting as an investment advisor and shareholder of CITIC Full, creating financial guarantees for CITIC Pacific's development in Hong Kong and Chinese mainland. During the partnership, Peregrine placed US$1.5 billion in shares for CITIC Pacific, enabling it to purchase shares in Dragonair, Cathay Pacific, CTM, Hong Kong Telecom and infrastructure projects in Henan, Jiangsu and Shanghai, fulfilling CITIC Pacific's goal of rolling growth. In 1997, CITIC Pacific's market capitalization had risen from HK$720 million to HK$100 billion. Peregrine is not the only one, it also sponsors the listing of red-chip stocks of Chinese-backed companies such as Guangdong Investment, Yuexiu Investment, Haihong Investment, and Hong Kong China Travel Service and Shanghai Industrial.
Among the many red chips arranged by Peregrine to be listed, another extremely popular is Shanghai Industrial. SIIC is the window company of the Shanghai Municipal Government in Hong Kong, and the funds raised are mainly used for the development of infrastructure in Shanghai. From the listing of SIIC in May 1996 to the same period in 1997, the share price of SIIC has increased fivefold, and Peregrine has also raised additional US$1 billion for SIIC in a short period of time through placement and stock subscription. The listing of SIIC's red chips has been adopted as a blueprint for Chinese-funded enterprises in the Mainland, and other provinces have followed suit by setting up similar window companies to raise funds in Hong Kong.
In addition to red chips, Peregrine is also engaged in H-shares, B-shares and other businesses. Since 1993, Peregrine has been the lead sponsor of numerous H-share listings in Hong Kong. In 1993, Shanghai Petrochemical Co., Ltd. issued US$344 million H shares for the first time, with Peregrine as the manager, and Guangzhou Guangzhou Shipyard Co., Ltd. issued US$40 million H shares, with Peregrine as the underwriter and sponsor. In 1994 and 1995, Yizheng Chemical Fiber's US$307 million H shares were underwritten by Peregrine, in addition to Harbin Power's US$145 million H shares, Northeast Transmission and Transformation Motor Manufacturing's US$58 million H shares, and so on. In China's B-share market, Peregrine is also at the forefront. In 1992, he served as the global coordinator and international underwriter of Shenzhen Huafa's B-shares, and served as the global coordinator of Shenzhen Zhonghua's US$12 million B-share issuance. In 1993, he also served as the underwriter of Shanghai Volkswagen and Shanghai Hero B shares; In 1996, it underwrote Chongqing Changan Automobile, Oriental Communications and Huangshan Tourism Company, creating the largest scale of B-share underwriters.
By March 1997, 23 mainland enterprises had been listed in Hong Kong, raising HK$24.8 billion, and together with the red chips listed by Chinese-funded enterprises in Hong Kong, a total of 57 Chinese-funded companies had been listed, with a total market value of nearly HK$250 billion, accounting for about 7% of the Hong Kong stock market.
In the 90s, the mainland was extremely short of funds, and the importance of Baifuller, which is the mainland's international fundraising of hundreds of billions of dollars, is self-evident. Will BOC allow Baifuler to go bankrupt?
"Hmph, Baifuller is just a small shrimp, or a baby who eats a big fat man and starts running before he learns to walk, knock him down Our Tiger Fund is confident!" Billy King turned his head and grinned, a little sarcastic, "Behind Hong Kong, there is still a mainland government?" Aren't we also shorting Hong Kong? ”
Jones and Billy King were not idle standing on the top floor of the Jardine Matheson Building, but were waiting for instructions from the Wall Street headquarters. Tiger Fund and Quantum Fund currently invest all the funds in Malaysia, Indonesia, the Philippines, and Thailand in the Asian Four Little Tigers, and there is no extra money to go to Hong Kong Hang Seng Index Futures to grab funds. The 2,000 HSI futures contracts sold today cost 30% of the current capital.
After the two of them, who had no funds, sent the news of someone robbing funds in Hong Kong to the headquarters by telegram, they quietly waited for the headquarters' instructions. Of course, the report also has a strong description of Baifeeler. It also prompted the fate of Baifuler's life to be worse than the previous life. This is a later story, so I won't mention it for the time being.
Yuchang Building, not far from Jardine Building, the general manager's office of Xinde Fund, and the three giants of Xinde Fund gathered together, Liu Si sat on the sofa in the office, and Qin Rui and Liu Shengqiang sat on both sides.
"Today, we have absorbed 80% of the positions in the market, which is very good! With just about 2,500 Hang Seng Index futures contracts sold in the afternoon, it seems that our idea of keeping a low profile is unrealistic. Liu Si sat on the top and summarized today's actions, "The Quantum Fund and the Tiger Fund are much faster than I imagined!" In this case, let's not hide it in the future, and try our best to absorb positions within the scope of operability!"
To tell the truth, at the beginning, Liu Si was ready to make a fortune in a low-key manner, and even when transferring funds from Singapore, he carefully used hundreds or thousands of bank accounts to transfer to Hong Kong, a city with financial freedom, through various channels. That is to say, to transfer money directly through legal financial channels instead of underground banks and other channels that could have been fair and simple, and to make it complicated and not bright, it is simply looking for something to do! Not to mention the waste of so much time in transferring funds.
Liu Si regretted it very much, but fortunately, he had a psychological comfort to think that the funds coming in this way have not yet caused the financial bureau and the Hong Kong authorities to supervise the futures market. Otherwise, US$3 billion and more than HK$20 billion will enter Hong Kong through formal channels at once, and the Financial Services Bureau and the Hong Kong Governor Government will certainly closely monitor it.
Plans can't keep up with the changes! Liu Si, who was originally going to make a fortune in a low-key manner, recently started the idea of acquiring Baifuler, so naturally some of the original plans are about to change.
Now don't talk about the world, how many people in China and Hong Kong know about the Liu family. The Liu family is too low-key, and they dare to be 100% sure that Du Huilian, chairman of Baifuler, and Liang Botao, general manager, must not know about the Liu family.
If you want to buy him when Baifuler goes bankrupt, you must let Du Huilian and Liang Botao know that the Liu family is rich, isn't it? This is also why nearly HK$10 billion of Shun Tak Fund's funds were later placed in Baifuler to short HSI Futures. This also caused Liu Si to reveal the flaws of his traces.
Fortunately, at present, Liu Si doesn't care whether he is exposed or not, anyway, when he shorted the Four Little Tigers, he was not exposed to European and American capital. As long as the bottom line of European and American capital is well grasped, European and American capital will not be broken.
"There should be a lot of time!" Liu Shengqiang was very confident, his tone was very affirmative, and he almost stood up and saluted the military force.
Liu Shengqiang was responsible for all the affairs of the US$3 billion, and Qin Rui led the staff of Yuan Xinde Fund to operate the investment of Shunde Fund No. 1. Qin Rui was able to participate in this meeting because Liu Si was ready to use Shun Tak Fund to acquire potential stocks on a large scale - such as red chips, constituent stocks and other Hong Kong company stocks. As the deputy general manager of Shun Tak Fund, he naturally needs to know a part of the situation in order to attend this conversation.
"Don't be too optimistic! Today, we are moving too much, and the Quantum Fund and the Tiger Fund should already know about our existence. Maybe they'll grab it tomorrow. ”
"Hmm... Also. However, the Quantum Fund and the Tiger Fund are so big in Malaysia, Indonesia, the Philippines, and Thailand in four Asian countries, and they can't be compared with us in terms of funds! Liu Shengqiang has been in Xinjiapo for a long time, and he has a clear understanding of the actions of the Quantum Fund and the Tiger Fund in the four East Asian countries. It is estimated that the two major funds have invested no less than 80 billion US dollars in shorting the domestic stock market, real estate and precious metal markets of the four countries for more than half a year.
"HSBC, Standard Chartered, Citibank... It's not surnamed Hua (middle)! Let's see tomorrow! Liu Si stretched his waist, he was still very tired from staring at the market with Liu Shengqiang in the office all day today, "It's really not good, we still have prospects for cooperation with Quantum Fund and Tiger Fund, and win-win cooperation!" ”
"Okay!" Liu Shengqiang saw that Liu Si had no intention of staying here any longer, so he had to ask, "Will the boss come over tomorrow?" ”
"Of course it's coming!" Liu Sike is not worried about handing over $3 billion to his subordinates, people's hearts are separated from their stomachs, who knows what others think in their hearts? When I was shorting ringgit, baht, rupiah and peso in Xinjiapo, I also left Xinjiapo after absorbing the required positions.
"Then boss, you're going slowly. I still have to go to today's summary meeting! Liu Shengqiang has a habit, which is the same in Singapore, that is, after every trading day, he will call employees for a summary meeting.
"Then you go get busy!" Liu Si looked at Qin Rui, "Your Xinde Fund No. 1 must also be done well, and you will not have an easy time in November." If you have time, you can analyze which listed companies are worth acquiring! ”
After waiting for a long time, Qin Ruisuo finally waited for his news! I was excited to assure, "I will definitely select the best company in November!" ”
"Then you can go and get busy!"
Liu Si walked out of Yuchang Mansion and went to Repulse Bay to rest under the escort of 3 escort cars!