While waiting for the closing of the forward contract on Xinjiapo, Liu Si also directed Shun Tak Fund to start acquiring some promising company stocks in the market, such as Hong Kong Telecom, Hutchison Whampoa, Cheung Kong Asset, New World Land, Sun Hung Kai, Henderson Land...... Of course, Liu Si acquired more red chips, such as Lenovo and the top of the form

While waiting for the forward contracts of Xinjiapo to be closed, he is also directing Shun Tak Fund to close the Hang Seng Index futures contracts, and is also quietly building positions in Hutchison Whampoa, Hong Kong Telecom, New World, Sun Hung Kai, Henderson Land, Cheung Kong Asset, ...... At the same time as building a position to acquire the stocks of Hong Kong companies, Liu Si is vigorously building a position in red chips, such as CITIC Pacific, Changan Automobile, Oriental Communications, Huangshan Tourism Company, Shanghai Industrial, Lenovo Group, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Petrochemical, Shanghai Volkswagen, Shanghai Hero, ......

In November 1997, 23 mainland enterprises had been listed in Hong Kong, raising HK$24.8 billion, and 57 Chinese companies had been listed in Hong Kong, with the addition of red chips listed by Chinese enterprises in Hong Kong. The highest total market value of 57 Chinese-funded companies is nearly HK$350 billion, accounting for about 7% of the Hong Kong stock market, and now because of the decline, the total market value of 57 Chinese-funded companies is only HK$132.432 billion, a decline of 62.2%.

This is a good opportunity to pick up leaks, and among the red chips, Liu Si is most optimistic about Shanghai Petrochemical and Lenovo. Because the dot-com bubble was about to kick off in 2000, Lenovo's real development opportunities were coming. An intuitive figure, Lenovo's share price is only HK$1.83 today, and in the Internet bubble, by 2000, Lenovo Group's highest share price was more than 70 yuan.

At present, the short positions of the Hang Seng Index contracts held by Shun Tak Fund have closed the Hang Seng Index forward contracts of 9.1392 billion US dollars, with an average return of 39.67%, and a total profit of 3.626 billion US dollars. In addition, in terms of Xinjiapo, the short position of Thai baht, ringgit, peso, and rupiah forward contracts in December was 94.868 billion US dollars, and the 42.397 billion US dollars of Thai baht, ringgit, peso, and Indonesian rupiah forward contracts were closed, with an average yield of 47.93%, and a total profit of 20.321 billion US dollars.

Since most of the funds have escaped, Liu Si is no longer cautious in transferring funds from Xinjiapo to Hong Kong, of course, it is not too high-profile, and currently transfers funds to Xiangjiang with an amount of 1~1 billion US dollars, rather than hundreds of thousands and millions of quiet transfer funds as before.

The $20.321 billion that has come out of Xinjiapo has left $1.5 billion to buy Thai baht to repay the Thai baht loan with Microsoft shares as collateral that is about to expire, and Liu Si has transferred all the rest of the funds to Hong Kong.

In other words, Liu Si currently has as much as 22.447 billion US dollars in his hands.

Of the $22.447 billion, $10 billion was used to exchange 30,000 square meters of land bank with the central government. The remaining US$12.447 billion is also useful, of which US$2.447 billion, Liu Si will be exchanged for RMB to re-inject capital into Xinyuan Properties, Bright Food Holdings (delicious points), and Weimei Daily Chemical. The remaining US$10 billion was used to acquire equity interests such as Hutchison Whampoa, Hong Kong Telecom, New World, Sun Hung Kai, Henderson Land, Cheung Kong Asset, CITIC Pacific, Changan Automobile, Oriental Communications, Huangshan Tourism Company, Shanghai Industrial, Lenovo Group, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Petrochemical, Shanghai Volkswagen, Shanghai Hero, ......

Of course, the $10 billion and the remaining contracts that have not yet been closed are still $6,860.8 million in Hang Seng Index forward contracts will bring nearly $3 billion in benefits, in addition to acquiring some promising company shares, Liu Si will also wholly acquire such as Wing Lung Bank and Guangan Bank, Hong Kong Telecom, etc.

However, the point to be made here is that the land bank of 10 billion US dollars and the central government to replace 3000000 square meters will be affiliated with Jiangnan Real Estate, a wholly-owned subsidiary of Xingyu Holdings. Times Real Estate is based on Liu Si's previous capital injection, using bank relationships and borrowing for development.

Liu Si plans to allocate another $10 billion to prepare for the global research institute layout of VIVO and Meizu, and strive to make the world blossom.

There are more than 30 billion US dollars in profits generated by the forward position of the currency forward contract in Xinjiapo, and after the withdrawal of 10 billion US dollars, there are still more than 20 billion US dollars, which will be injected into Phoenix Capital and Angel Capital, and all the funds will be used to absorb such as Yahoo, SUN, NVIDIA, Intel...... These are high-quality stocks with super good development prospects and very large market capitalization gains.

On November 17, 1997, Shun Tak Fund issued an announcement and held a press conference, Shun Tak Fund held more than 10% of the shares of six listed companies, including Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen and Changan Automobile, and at the same time stated that Shun Tak Fund would continue to hold shares in Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen and Changan Automobile.

As soon as the news of Shun Tak Fund was announced, the whole of Hong Kong was in an uproar, and Qin Rui, who held the press conference, unsurprisingly became the cover character of various newspapers and periodicals at noon.

Shun Tak Foundation ??? Wen Wei Po directly made the headline title of this issue with Shun Tak Fund and 3 question marks, and the article reads: The Hong Kong stock market has been falling since August, and the Hang Seng Index has fallen from more than 16,000 points in early August to less than 9,000 points today, and the Hang Seng Index has fallen by more than 45%.

At a time when we are pessimistic in Hong Kong, Shun Tak Fund has sprung up like a bolt from the blue, and the total market value of the six listed companies, Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen, and Changan Automobile, has fallen by nearly 50%, but the total market value of the six listed companies is still nearly 40 billion Hong Kong dollars.

On November 17, 1997, Shun Tak Fund announced and held a press conference, Shun Tak Fund held more than 10% of the shares of six listed companies, including Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Shares, Shanghai Volkswagen and Changan Automobile, which means that Shun Tak Fund has now spent more than 4 billion Hong Kong dollars in cash in the stock market.

…………

But where did the Shun Tak Fund come from?

"He, the Savior of Hong Kong People", Ming Pao rarely reports financial information, it has always focused on martial arts novels, sensational news and Ma Jing's "small citizen newspaper", but this time Qin Rui was on the front page. Of course, Ming Pao still can't change the newspaper style, and there are two focuses in this article, one is Xinde Fund, and the other is Qin Rui. Even the content of Qin Rui's office was even more shocking, the story was made up, and Qin Rui enjoyed it all day. However, Ming Pao's fabrication actually had little impact, saying that Qin Rui had gone from a poor boy to the head of the Shun Tak Fund with assets of HK$4 billion in just five years. Anyway, it's a blow, but regardless of its authenticity, because of Ming Pao's influence in Hong Kong, Shun Tak Fund became a fund company that everyone in Hong Kong knows in the afternoon.

In addition to Ming Pao and Wen Wei Po, there are also news newspapers and periodicals such as Ta Kung Pao and Sing Tao Daily that report some news about the Shun Tak Fund. Even in the afternoon, the Hong Kong government issued an announcement that officially made Shun Tak Fund the new darling of Hong Kong.

However, the Hong Kong government's announcement titled "Shun Tak Fund, Hong Kong People's Fund" officially misunderstood many European and American capitals and Hong Kong citizens. What is the misunderstanding? On November 16, 1997, the day before the Shun Tak Fund officially issued an announcement and held a press conference, announcing that it held more than 10% of the shares of six listed companies, including Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen and Changan Automobile, on November 16, 1997, Hong Kong, the first Financial Secretary Donald Tsang, had just shouted in the news media that the Hong Kong government would defend Hong Kong!

European and American capitals thought that the Hong Kong government had quietly entered the market with the Exchange Fund to protect the market, and the frightened European and American capitals mobilized public opinion and began to attack the Hong Kong government: Hong Kong, which pursues liberal economicism, should not interfere in the market, otherwise, it would not be a market economy.

However, in the news media, the Hong Kong government is not afraid of shadows, and when it announced the recent financial report of the Exchange Fund, European and American capital was immediately relieved. However, it is precisely because of this that Shun Tak Fund, a fund company without the background and capital of the Hong Kong government, has become the pride and savior of Hong Kong people.

On the third day, that is, on November 19, 1997, Shun Tak Fund issued another announcement and held a press conference, announcing that Shun Tak Fund held more than 20% of the shares of six listed companies, including Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen and Changan Automobile, with an average shareholding of 21.58% for each listed company. At the same time, it was announced that Shun Tak Fund held more than 10% of the equity interests of seven listed companies, including Oriental Communications, Huangshan Tourism Company, Shanghai Petrochemical, Huaneng Power International, China Eastern Airlines, China Southern Airlines and Datang Power Generation.

Shun Tak Fund issued another announcement and held a press conference, and the news announced really shocked European and American capital and Hong Kong investors. It is important to know that Shun Tak Fund issued another announcement and held a press conference to announce that Shun Tak Fund holds more than 20% of the shares of six listed companies including Hong Kong Telecom, Lenovo Group, Shanghai Industrial, Guangzhou Guangzhou Shipyard Co., Ltd., Shanghai Volkswagen and Changan Automobile, and holds more than 10% of the equity interests of seven listed companies, including Oriental Communications, Huangshan Tourism Company, Shanghai Petrochemical, Huaneng Power International, China Eastern Airlines, China Southern Airlines and Datang Power Generation. These equities alone would cost more than HK$13 billion, and it is not surprising that this is cash, not assets, and that a fund company with so much cash has suddenly popped up in Hong Kong.

This confusion turned into a monstrous wave the next day.

"Inland Funds Entering the Port to Rescue the Market!! Liu Si saw the style of Wen Wei Po and was speechless, is it only the symbols of your newspaper that are better used? "The Mainland is Coming" Ming Pao gave full play to its strengths, and the story was written in a touching and heartfelt way, which made many Hong Kong people feel a lot of closeness to the motherland. Other newspapers almost all took mainland capital into Hong Kong as the core, and Datong wrote a full page of articles in a chic manner.