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2 Tim Mei Avenue, Tamar, Admiralty, Hong Kong Island, HKSAR Government Headquarters. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

Since the outbreak of the crisis, the Financial Secretary, the HKMA and other major departments and bureaux have been fully accountable to the Chief Secretary for Administration, and the Office of the Chief Secretary for Administration has become the real hub of the HKSAR Government. This is the meaning of the Chinese government, and Wu Jinhua, a former world-class star manager, has also won the support of most members of the Executive Council, making Mr. Dong, who was full of ambition and ready to do a big job a few months ago, become a "virtual chief executive".

At the same time, international hedge funds attacked the Hong Kong market in the foreign exchange market, stock market, and futures market, preparing to win the Pearl of the Orient in one fell swoop. Under the turbulent waves they set off, it is not uncommon to change one or two thousand points a day.

The situation is so grim that Wu Jinhua and the "Three Musketeers of Finance" have been slow to move, and all kinds of negative reports about the "inaction" of the Hong Kong government have been overwhelming, and Mr. Dong can no longer sit still, and as soon as he goes to work, he summons Wu Jinhua and others to the conference room.

The most important thing in the financial and securities industry is information, and now the most complete information is the Hong Kong SAR government. The HKMA is fully aware of almost all the flow of funds in the market.

In the face of Mr. Dong's questioning, the director of the HKMA calmly reported: "Not only Soros's quantum fund was present, but another tiger fund that is bigger than the quantum fund is also killing the killer. In the past four days, a number of small retail investors in Hong Kong have taken over a large number of hot potatoes in the transaction. We have to thank these speculative retail investors for diversifying the risk across the market, otherwise the Hang Seng Index would probably have plunged thousands of miles. ”

Mr. Dong has his own staff and has his own opinions on the current situation, glanced at Wu Jinhua, who was not in the past, and said bluntly: "Retail investors are retail investors after all, they don't have so much capital, and they don't have so much ability to bear risks, if they don't take decisive measures, the Hang Seng Index is likely to fall below 10,000 points in a few days!" ”

10,000 points is not only the bottom limit of the Hong Kong government, but also the bottom limit of the Chinese government, the Financial Secretary is very aware of this, but still said solemnly: "Mr. Dong, only by knowing oneself and knowing the other can one win a hundred battles, no matter what measures the Hong Kong government takes next, we must have an understanding of how many chips international speculators have." If you shoot blindly, you will inevitably leave trouble. ”

"What do you mean?"

He frowned and twisted a big bump, which showed how anxious he was in his heart, Wu Jinhua realized that he couldn't be silent anymore, and said: "According to the statistics of the HKMA, the Hang Seng Index fell by 6,000 points, and the Hang Seng Index futures contracts are 50 Hong Kong dollars per point, assuming that they sell a total of 100,000 contracts, then the profit is 30 billion Hong Kong dollars." There will be some discrepancies in the actual amount, because the Hang Seng Index futures will not only fall or rise, but always go back and forth, and settle with the spot every month, and the number of contracts sold is also difficult to actually calculate.

That's just a few of the big international hedge funds' earnings in Hong Kong, and if you count the gains in Thailand, Indonesia, Malaysia, the Philippines and South Korea, it's a big number. While the transaction continues, the contracts in other countries have not yet been fully settled, in other words, the attack is just a tentative.

If we mess up in a tentative attack and play all our cards, what will we do in the future against a larger attack? And raising interest rates is a double-edged sword, and if interest rates are raised again, it will be the Hong Kong economy that will really hurt, not their speculators. ”

Through various means, the overnight interest rate between banks has been raised, forcing international speculators to be unable to raise funds from Hong Kong's banking system to enter the foreign exchange market and stock market.

However, as Wu Jinhua said, if the overnight lending rate of banks is raised, it will be tantamount to raising the operating costs of the real economy and accelerating the economic recession. Especially for those who flip houses, the increase in loan costs will force them to sell their homes at half price. And that's not the worst, if the situation is not under control after the interest rate hike, not only those who continue to hold, but even those who take over half-price real estate will go bankrupt or even jump off the building!

Looking at his worried look, Wu Jinhua continued: "The three major institutions of Bank of China, Hesheng and Profit are sweeping the Hong Kong dollar in the foreign exchange market, and there is no problem with the LERS in a short period of time, even if there is a problem, there is a third echelon, and there is a guarantee of funds. As for the precarious stock market, we have a package of responses, and all we can do now is wait for the right opportunity to play all our cards and fundamentally restore the confidence lost by the financial turmoil. ”

At this critical time, faith is more important than anything else.

If there is enough confidence, shareholders will continue to hold the stocks in their hands, and property speculators will also try their best to keep their real estate, after all, no one likes to cut meat painfully.

Mr. Tung felt incredulous and asked, "Guys, can you be more specific?" ”

The "virtual chief executive" is also the chief executive, and all officials, including Wu Jinhua, have always respected him. It was only because of some misunderstandings brought about by the change of generals and the need to deal with the sudden financial turmoil, especially the suggestion that Wu Jinhua should be fully responsible for the proposal put forward by the Chinese government after the crisis, that he was a little disheartened, so that he rarely listened to reports on such a major issue.

There are no outsiders in the meeting, so there is no need to worry about leaks.

Wu Jinhua smiled, flipped through the folder in front of him and reported: "Mr. Dong, there are a few pieces of news here that you may not have noticed. A week ago, NB Electric (Russia) signed a series of equity transfer agreements with Russia's four major oligarchs, including the transfer of 12 high-quality assets including Russian BNB, with a total transaction value of up to $3.68 billion;

Four days ago, the US Echostar Communications Company repurchased 45 shares from Diamond Capital, and Diamond Capital received $6.387 billion in cash; as of 6 p.m. EST yesterday, Diamond Capital had successively sold the shares or equity of 26 high-tech companies, including Netscape and Yahoo, for a total of $86.36 in return. ”

As the financial crisis affected many multinational groups, it is not surprising that NB is restructuring its assets and consolidating its businesses. You must know that South Korea's four-star action is bigger than the NB series, and so far it has packaged and sold more than a dozen non-core businesses as a whole.

Mr. Dong was confused, and asked with a puzzled face: "Mr. Wu, do you mean that Mr. Zhang will use this huge amount of money to support the city?" ”

Wu Jinhua did not answer this question directly, but continued: "In fact, I didn't finish the introduction just now, in addition to these actions in Russia and the United States, the NB department has more moves in Europe and the Middle East, including the transfer of European BNB shares to the British News Corporation, German Radio 2 and Luxembourg TV, and also transferred all the shares of BNB in the Middle East to the Saudi government. Even the US BNB is in talks with NBC and other news organizations, and if nothing else, by the end of the month at the latest, NB Electric will fully withdraw from the news media industry. ”

BNB News is a chicken that lays golden eggs, Mr. Dong was taken aback, and couldn't believe it was true.

NB Electric has a reason for doing this, in fact, as early as a few years ago, NB Electric had this plan, but as for why it was done, it is a trade secret, and Wu Jinhua cannot disclose it casually.

Looking at the way everyone looked at each other, he continued: "In the mainland, NB Electronics has just signed a flat picture tube business transfer agreement with Rainbow Electronics, and in the future, the window flat picture tube color TV and visual flat computer monitor will be OEM by affiliated enterprises in the future. Through this series of business and asset transfers, NB received up to $36.4 billion in cash.

According to the latest report of President Ding Wenming of Xinsheng Investment an hour ago, part of this huge amount of money will flow to the United Kingdom, and the remaining part will flow back to Hong Kong, and officially submit an acquisition application to the regulator at the opening of the market tomorrow, fully acquiring HSBC and Standard Chartered Bank! ”

Hong Kong companies have always been divided into British and Chinese-owned, and Mr. Li became famous through the acquisition of British capital.

Mr. Dong was stunned by this news, and was stunned for a while before asking, "Mr. Wu, NB is buying HSBC and Standard Chartered, are you not kidding?" ”

"Nope."

Wu Jinhua shook his head and said with a smug smile: "In order to rebuild confidence, Mr. Zhang and the NB department have made great sacrifices and made great determination, and only by doing so can we fundamentally cut off the source of international speculators to obtain Hong Kong dollars through the local financial system, instead of blindly raising interest rates." ”

This is obvious.

Once the news is announced, HSBC and Standard Chartered will have to find ways to raise funds to buy back shares to secure a controlling stake. Every cash has to be used on a knife edge, and there is no room to lend it to international speculators.

What's more, these two banks control and hold shares in many banks, such as HSBC, once the stake changes hands, it means that even Hang Seng Bank will have to change owners. And the other banks in which they have a stake should also take this into account.

Mr. Dong reacted like an empowerment, and immediately said ecstatically: "This is undoubtedly a good idea to draw salary from the bottom of the kettle, the key is that the NB department has that strength?" ”

The Financial Secretary was happy and couldn't help laughing: "Mr. Dong, it doesn't matter whether you have that strength or not, and it doesn't matter whether you can win this acquisition war, the important thing is that we need good news, and Hong Kong needs confidence." ”

The stock price is so low that the CEOs of those banks have to take it seriously. More importantly, NB has demonstrated its determination to break through a series of business and equity transfers. Moreover, with the backing of the deep-pocketed Arab National Bank, no one dares to take it lightly.

Thinking of the series of policies to revitalize the economy formulated by the Hong Kong government and the promised support of the Chinese government, Mr. Dong suddenly got up and said: "Okay, that's great! If nothing else, the Hang Seng Index will definitely rise sharply tomorrow, and those speculators in the foreign exchange market will not take advantage of it, so they will not be able to take advantage of it in the stock market! ”

Whether this advantage can be taken is relative, the money that should be earned has already been earned, and the loss is the loss of the contract for the next month and the next month.

Wu Jinhua sighed secretly, handed over a stack of materials that had been prepared earlier, and said with a sincere face: "Mr. Dong, this is the plan we drafted, you can take a look, if there is nothing to add, then we will convene the members of the Executive Council to discuss collectively, and strive to hold a press conference when the market opens tomorrow." ”

Looking at the measures to revitalize the economy in the document, how could Mr. Dong not know that this was Wu Jinhua's respect for him, after all, he would convene the executive council, and he would announce it at tomorrow's press conference.

After worrying for so long, and finally seeing hope, Mr. Dong was so excited that even his voice became a little choked, holding Wu Jinhua's hand tightly, and said meaningfully: "Thank you, thank you." I believe that after these cards are played, Hong Kong's economy will recover in the shortest possible time, and even surpass it. ”

"It's going to take us together."

Wu Jinhua glanced down at the time, and then said: "By the way, there is a drinking party between the Federation of Industry and the Chinese General Chamber of Commerce in the afternoon, Mr. Gu and Mr. Liu entrusted me to ask if you have time?" ”

The invitation letter was received early, and there are countless invitations like this, Mr. Dong really didn't decide whether to attend or not, and when he saw Wu Jinhua mention it, he immediately smiled and said: "Mr. Gu and Mr. Liu invited, if you don't have time, you have to take time, you must go, you must go." ”

The NB department either doesn't make a move, or it will be thunderous.

As Mr. Dong expected, as soon as the news of Xinsheng Investment's full acquisition of HSBC and Standard Chartered broke, the two stocks rose by 20% and drove almost all bank stocks.

A large number of bank stock buying orders are pouring out in the market, and no matter what the price, as long as someone ships the goods, they will be immediately bought by the traders of Xinsheng Investment. The high-profile and strong, some investment institutions have followed suit, the Hang Seng Index futures continue to rise, and the spot index continues to rise, which has caught international hedge funds off guard.

While they are worried that the tens of thousands of short contracts they have accumulated for more than half a month will not be executed, which will bring them heavy damage, the headquarters of banks such as HSBC, Standard Chartered and Hang Seng are also extremely nervous.

Cry wolf!

The presidents and vice presidents kept an eye on the constantly updated stock market and issued trading instructions one after another, but in the face of the NB system, they could not raise so much money in a short period of time no matter what they thought of, and could only watch the equity flow to Xinsheng little by little.

This is the first acquisition battle fought by NB Electric since its establishment.

Naturally, the charter will not be ignored, so I specially adjusted the itinerary and stayed at NB Electric's Asia-Pacific headquarters in Singapore to pay attention to every move in Hong Kong.

"HSBC is really in a hurry this time, and has mobilized another 1.3 billion pounds from London."

The charter glanced back at the rising stock price and said with a smile: "It's really an unlucky number, if they know that we are drunkards and don't want to drink, they will have to be angry." ”

It wasn't until last night that Ruan Shaojing knew the news, if it weren't for the Hang Seng Index on the monitor, which was stopping falling and rising, he couldn't believe it was true, and glanced at the fax just sent by the Hong Kong headquarters, and reported: "Mr. Ding is scanning the goods according to the data provided by the HKMA, Jincheng Bank provided a loan of 160 million Hong Kong dollars to the Quantum Fund, and swept their stocks with a market value of 160 million in the morning, I think they should know what is going on." ”

After transferring so many businesses and selling so many shares, Ding Wenming now has funds in his hands, and it is difficult to acquire HSBC and Standard Chartered at the same time, but there is no problem at all in dealing with those small banks. Whoever doesn't listen to the call will buy whoever is right, and the local banks will be leveled out, and the remaining foreign banks alone will not be able to make any big waves.

Thinking that the Hong Kong banking industry would definitely be jumping chickens and dogs, the charter couldn't help but smile and said: "Inform Mr. Ding, pay attention to the rhythm, don't eat a fat man, and strive to fight this chaotic acquisition war for a longer time and have some impact." ”

Acquisitions and restructuring are normal, but it is rare to buy two Fortune 500 companies on the stock market like this. The eyes of the world are on Hong Kong, and those international speculators have not only become soy sauce players, but even fallen victim to this takeover war.

The resulting advertising effect is self-evident, knowing that although Xinsheng is menacing, in fact, it is only aimed at Standard Chartered Ruan Shaojing, nodded and smiled: "Okay, I'll call him." ”

The messages came one after another, and as soon as he finished talking to Ding Wenming on the phone, Ruan Shaojing brought another stack of faxes.

"Zhang Gong, the SAR government has just held a press conference, and Mr. Dong solemnly announced in an interview with the media that the Hong Kong government takes defending the Hong Kong stock market, the linked exchange rate system, and the Hong Kong economy as its first priority! If international speculative institutions unscrupulously undermine Hong Kong's financial stability, the Hong Kong government will not rule out the possibility of breaking the routine of non-intervention by the government in the free market economy and using the Exchange Fund of more than HK$110 billion to enter the market to acquire some local stocks! ”

It is the best policy to lead but not provoke, and to surrender without a fight.

Let them take advantage of a little bit and suffer a little loss, especially those short contracts after the takeover war, let them touch the dust, and then issue a warning at this time, the effect is much better than when the crisis first broke out.

The charter nodded slightly, looked at the HSBC stock that had risen a little bit and asked, "Is there anything else?" ”

"Yes."

Ruan Shaojing looked at the fax and continued: "Mr. Dong announced that in the next five years, the Hong Kong government will increase investment in public works to stimulate economic growth. For example, an agreement was reached with the Disney Company to spend a huge amount of 22.4 billion Hong Kong dollars to cooperate in the construction of Hong Kong Disneyland, and the first phase of the project will be opened in 2005. It is estimated that in the next 20 years, it will bring HK$148 billion in economic benefits and tens of thousands of employment opportunities to Hong Kong. Another example is the active construction and expansion of subways, highways and other infrastructure.

Refund taxes, freeze fees, and alleviate people's hardship. Refund the profits tax, salaries tax and property tax payable10 for the next three years, totalling HK$8.5 billion, benefiting 1.25 million taxpayers, and freeze the fees charged by government departments for services provided to the public.

At the same time, we should combine dredging and blocking, and implement financial reforms. Shu, that is, to improve efficiency, stimulate investment, and enhance the charm of the financial center; Plugging, that is, plugging loopholes, strengthening supervision, and preventing excessive speculation and speculation. ”

There is nothing new, and the Hong Kong government did the same in later generations, and the constitution did not come as much surprise.

Looking at his thoughtful look, Yuen Shaojing continued: "The focus is on Articles 4 and 5, and Mr. Tung announced that the Hong Kong government will actively increase the proportion of innovative technology and high value-added industries in the economic system. Launched a manufacturing and high-tech industry plan with a total investment of HK$24 billion, and set up 20 Hong Kong industrial parks in the mainland to provide assistance to Hong Kong enterprises. ”

This is learning from Singapore, and you don't need to ask to know that it is Wu Jinhua's handwriting. The charter was happy, and asked curiously, "What about the last one?" ”

"To be precise, the last item is the Chinese government's assistance to Hong Kong, and the spokesperson of the Hong Kong branch of the New H News Agency announced at a press conference that the exchange rate of the renminbi currency remains stable as a strong backing for Hong Kong to overcome the financial turmoil. In addition, by the end of the year, restrictions on mainland visitors to Hong Kong will be relaxed, increasing the number of visitors to Hong Kong and promoting the development of Hong Kong's tourism industry. ”

The exchange rate is stable, the stock market is rising, and the good news is coming one after another.

After weighing it, he resolutely said: "Mr. Ruan, in addition to fighting this acquisition war, I think we should have another icing on the cake." Inform President William Powell and President Zimmerman to come forward and convene all of NB Electric's Hong Kong-owned affiliates, agents and distributors to discuss how to deal with the challenges posed by the crisis. NB banks have a role to play and have enough money to help them tide over this difficult time. ”

To his surprise, Ruan Shaojing actually smiled and said: "These headquarters and NB Bank are already doing it, after all, our affiliates, agents and distributors are different from bank customers in the general sense. ”

"Then make the noise louder."

After thinking about it, the charter added: "There is also the NB Lab, which wants to use this as an opportunity to assist in Hong Kong's economic transformation, and can fully participate in the Hong Kong government's manufacturing revival plan, set up branches in those industrial parks in the plan, and provide technical support to them nearby." ”r1152

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