Two months ago, Hong Kong's Stanley released a macroeconomic research report that attracted a lot of attention from the market. In this report, Hong Kong Stanley first reviewed the changes in Hong Kong's capital market since 98 years, especially focusing on the changes in dozens of heavyweight shareholders, and then talked about the Hong Kong government's economic policies and Hong Kong's external environment in recent years.

Among the major weighted stocks, Stanley's report highlights several offshore financial companies, although these financial companies are serial holdings, it is difficult to find out the actual controller behind them, but Stanley is really powerful, although the article does not clearly indicate who the actual controller is, but the implication between the lines is that these are subsidiaries of a super chaebol group.

In addition to breaking through these sensitive contents, the article also mentions the current real estate hegemony. The article does not directly point out the eight major real estate companies, but also targets the list of shareholders of these listed companies. Although the major shareholders of these large real estate companies are founders or founder families, in the list of the top ten shareholders, there are invariably the offshore financial companies mentioned above, although the shares held are not too large relative to the overall situation, but in the article, it is specifically mentioned that after the bursting of the high-tech bubble, whether it is a rights issue or a split, the proportion of shares held by these offshore financial companies has not changed.

Obviously, what the article wants to show is that no matter what small actions are made, the efforts of these listed companies to dilute or reduce the shareholding ratio of the other party have all failed, which also shows the strong financial resources behind these offshore financial companies from the other side.

Due to the rapid development of Hong Kong's capital market in recent years. It has become one of the world's largest financing markets, and many state-owned enterprises (SOEs) and super-large groups from the mainland tend to choose to list in Hong Kong for financing. Therefore, the article also introduces the financing situation of heavyweight enterprises listed in Hong Kong over the years, and looks forward to the future. Originally, this part of the summary of investment banking also strangely mentioned some situations that others are likely to ignore, that is, many large companies, especially IPOs with a financing scale of tens of billions of dollars, also have some "unidentified" underlying investors. These are also unknown financial companies registered offshore, but they are equally wealthy, and billions or even tens of billions of Hong Kong dollars of funds are almost taken out without blinking an eye, becoming one of the shareholders of these super enterprises. After the listing, these fortunes have grown in different ways.

Although these are all legal activities that are regulated by law. However, Stanley Hong Kong has come to the conclusion that no matter who controls these offshore financial companies, it is very likely that Hong Kong's economy is in the hands of an unknown super-consortium in terms of financial stocks, real estate stocks, red chips, etc.

Even more appalling. Comparison of historical and recent holdings in Tong Guò. Stanley Hong Kong came to a startling conclusion. That is, this super-consortium is quietly withdrawing from Hong Kong. Over the past three months, these offshore financial companies have reduced their holdings by an average of 19.7%, with the largest reduction in stocks in the financial sector. reached 35.2 per cent, followed by the real estate sector with 22.8 per cent.

At the end of the article, Stanley Hong Kong concludes that although there is no evidence that these offshore financial companies are engaged in illegal money laundering activities, or inside information, etc. If these actions are considered normal business practices, does such a large-scale withdrawal indicate pessimism about the prospects for Hong Kong's economic development, or is there a serious change in the Hong Kong government's policy, and some people or certain groups have learned the news in advance, and the guide is now withdrawing?

As soon as the news came out, it immediately caused an uproar. For a while, the financial section of the newspaper was full of gossip speculating about the identity of this mysterious consortium, and the Hang Seng Index was affected by this news, falling by 1420 points, and it was cloudy for a whole week, and then after the Hong Kong government issued an announcement about the false news, it turned from red to green.

In this report, which almost swept the whole of Hong Kong, Zhong Shi's name was naturally mentioned several times, and dozens of media asked Tianyu Fund for interviews, all of which were rejected by the public relations department without exception, but this also increased people's suspicion that Zhong Shi was the backstage of the mysterious consortium.

In this way, Tianyu Fund's plan to cash out was naturally interrupted, and when they cashed out again, every trader was cautious, in addition to selling stocks in the "dark pool", that is, looking for the next family willing to take over in person, and did not operate in the open market, which made them lose a certain amount of money in a certain process.

The most coincidental thing is that not long after Stanley Hong Kong published this article, Stanley Hong Kong underwent drastic personnel changes, along with the co-chairman of the Asia Pacific region, a number of senior executives, including the Asia-Pacific co-chairman, and even the managing director left several times, which can be said to be a change of blood. At the beginning of her tenure, Ms. Liang Hong, the new co-chair and CEO of Stanley Hong Kong for Asia Pacific, stated that she would strive to improve performance and change the culture of the region. The implication is to accuse his predecessor of poor performance and a problematic cultural atmosphere.

In private, she even visited Zhong Shi in person to apologize to the former "King of Hong Kong". The other party knows very well who the real spearhead of this article is, and as the new boss of Stanley Hong Kong, maintaining a good relationship with Zhongshi is the top priority, after all, the direct commission that the other party can bring to Stanley Hong Kong every year can reach billions or even tens of billions of Hong Kong dollars, and Zhongshi can also potentially influence the choice of a group of wealthy brokers, which is not something that can be brought by reducing the commission rate.

Although maintaining customer channels is the main job of sales, if this customer is too heavyweight, Liang Hong, the CEO, is not condescending. What's more, in addition to the brokerage channel, Stanley Hong Kong still relies on Tianyu Fund in terms of PE, IPO basic investor finalization and new share subscription.

There is no one to make trouble, and the other party's posture is very low. Zhong Shi and Liang Hong naturally talked happily with each other. To make up for it, Liang Hong promised to reduce the commission rate of the Tianyu Fund by one point, and also expand the channels of the Tianyu Fund to the world, and any financial market, as long as Stanley Hong Kong has the channels, can be opened to the Tianyu Fund.

Zhong Shi, on the other hand, said that he didn't mind this matter, after all, the initiator and his team had been cleared from this circle. When Liang Hong was thankful, he looked at Zhong Shi's ancient and waveless face, and never guessed what the other party thought.

Yes. What the hell did Zhong Shi think. Even he didn't figure it out himself, and in the past few months, in addition to studying the situation of subprime mortgages, Zhong Shi has been pondering this matter.

Logically speaking. As an old rival in the market. Although Stanley Hong Kong's understanding of the Tianyu Fund is not as good as it can be. But at least there is some understanding of the reasons behind some of the heavy dà incidents. This time, not long after Tianyu Fund began to cash out, Stanley Hong Kong dropped such a bombshell, which once led to the extremely passive cashing out activities of Tianyu Fund. Even Zhong Shi received a call from the chief executive's office, asking what the purpose was. And the sinister intentions behind this qiē can be imagined.

After selling all the shares and cashing out in 00, Zhong Shi re-entered the market in 01 and regained control of nearly 5% of the Hang Seng Index at a cost of nearly 30 billion US dollars, and between 98 and 00 years, his wealth tripled, but the shares held did not change in the slightest.

With the rise of the Hong Kong stock market over the years, Zhong Shi's wealth has naturally risen with the tide, and now he has not been able to calculate his specific net worth.

Although he doesn't know what his net worth is, what Zhong Shi knows is that in the past two years, there have been dozens of employees who have resigned from Tianyu Fund, and all of these people are lamenting to Zhong Shi that they have earned enough money for retirement in this life, and they are unwilling to engage in such high-intensity work anymore, hoping to live a retired life after resigning.

Naturally, in addition to expressing the meaning of making enough money, these words also imply that they will not work for other funds, revealing the meaning of the Tianyu Fund. Zhong Shi was naturally very satisfied with such a statement, and after giving them a generous severance bonus, the two sides were basically good at getting together and dispersing.

There are basically no major internal problems, and with the vagueness of some of the core issues in the Stanley Hong Kong report, it is clear that they do not have the details. Therefore, Zhong Shi concluded that these were all materials that they had collected over the years, and that they had not leaked from within. And what their motive for doing this was, Zhong Shi couldn't figure it out.

But before he could make a move, Stanley took decisive action and carried out a purge of the group. In this way, they took away all the responsibilities on their bodies by dismissing them, but this only aggravated the doubts in Zhong Shi's heart, this action was too much to cover up.

No matter what, Zhong Shi was relieved at the thought of what would happen next year, and when the crisis broke out in full swing, they would be too busy to take care of themselves, and what else could they do?

Zhong Shi has never given up his vigilance against such a matter, he knows too well what kind of virtue these foreign investment banks are. In 97, after Stanley Hong Kong had just finished underwriting Huaxia Telecom, it immediately turned around and sang short on the Hong Kong stock market. Moreover, when Zhong Shi bailed out the Hong Kong stock market, Stanley Hong Kong also jumped out three times and twice to sing short, and even announced the withdrawal of all investment projects from Hong Kong, which showed that the other party did not have any good intentions at all. As the saying goes, once bitten by a snake, ten years afraid of the well rope.

"Zhong Sheng, the live TV broadcast has begun, and the Greenspan you mentioned has started to speak."

Land Rover said it several times in a row, but Zhong Shi was always stunned and didn't listen at all. Land Rover was afraid that things would be delayed, so he hurriedly walked over and pushed Zhong Shi, and when he came to his senses, he asked, "Zhong Sheng, what do you want, the show you said is about to start?" ”

"Going to start?" Zhong Shi shook his head, with an apologetic smile on his face, waved his hand slightly towards Land Rover, and said, "Okay, thank you for the reminder." ”

"Today's house is really good, you really don't think about it?" Seeing Zhong Shi turn on the TV and tune the TV to CNBC, Land Rover did not leave immediately, sat on Zhong Shi's side, and asked unwillingly, "Eight rooms, six bathrooms, two swimming pools, and a tennis court, a basketball court, such a big place is only sold for 15 million US dollars, which is much cheaper than Hong Kong." ”

At this time, they are in the presidential suite on the top floor of the Waldorf Astoria Hotel in New York, the pale yellow wall lamps emit a soft light, giving people a feeling that is both comfortable and not too dazzling, and the furnishings are all according to the customer's prior requirements, even the hardness and brand of the bed linen are customized. In addition to these, the decoration of the room is also in accordance with the preferences of the guests, low-key and tasteful, seemingly plain but in fact luxurious decoration all show the distinguished identity of the guests here, although this hotel is good at receiving dignitaries from all over the world, but characters like Zhong Shi are also the objects they strive to woo, and even in the forefront of the VIP list, the hotel has long investigated Zhong Shi's taste and preferences......

"Listen to what this big guy has to say, and then we'll talk about it!" At this time, Greenspan had already started his speech in Congress, and Zhong Shi naturally didn't have the heart to say anything to Land Rover, and began to watch TV intently after dropping a sentence.

“…… With regard to subprime mortgages, after understanding and communicating with colleagues and the market, we believe that this kind of subprime mortgage has been initially controlled. The decline in the bond market is due to the risk control of individual enterprises, and is not a national, large-scale phenomenon......"

“…… We are optimistic that after the shock, practitioners in this market will regain their awareness of risk control, and at the same time, a number of enterprises without risk control awareness will be eliminated. The subsequent market will be more standardized and controllable, which will be a good thing for the real estate market, the financial market, and the insurance market......"

Greenspan made a speech in a big way, the core content of which is that the current crisis of subprime mortgage loans is only temporary, and has been effectively controlled, and all commercial banks have carried out the re-verification of capital margin in accordance with the requirements of the Federal Reserve, especially the calculation of core capital after the decline of subprime mortgage bonds, and the follow-up of the verification is that all commercial banks and financial institutions should supplement the core capital margin and so on.

"What is this?"

When Greenspan's figure finally disappeared from the TV screen, Land Rover scratched his head, tried to recall what Greenspan had just said, and only squeezed out the word "subprime mortgage bond" for a long time, it was obvious that he didn't understand what it meant at all, and what it had to do with Zhongshi's purchase of a house.

In recent years, his English level has improved greatly, and ordinary communication is no longer a problem.

Zhong Shi naturally didn't bother to explain the relationship with him, he just patted Land Rover's shoulder and said meaningfully: "It's this thing, it is very likely to cause a global economic crisis, and when that time comes, don't say 15 million, I'm afraid it's not even worth 7.5 million." You say, if I buy it now, isn't it a little cheap? ”

"That's it?" Land Rover's eyes widened, and after thinking about it for a long time, he still didn't understand the relationship, but he understood Zhong Shi's words, but he still had a question, "The economic crisis you are talking about?" When will that happen? Why didn't I feel it? ”

"Isn't this already happening?" Zhong Shi pursed his lips in the direction of the TV, and there was already a smile on his face, "If it didn't happen, why did this guy stand up and say this?" (To be continued......)

PS: Thank you book friends for drawing knives and cutting off oil, Lei LSQ, it wasn't me who voted for the monthly ticket last night!