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Volume 1 The Miracle on Qishan Chapter 177 Hong Kong Telecom

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    Just when Yang Shaozong was planning to earn a good investment opportunity from the Southeast Asian market, the domestic securities market was also rising continuously. This problem was already more complicated. Kan Zhidong tried to cash out at the end of October, but no matter how much he cheated, the market  How much will be eaten up, and the stock market is still gradually rising.

    This feeling is very abnormal, because the index had already risen to 3,700 points at that time, which had already reached the limit recognized by Kan Zhidong.

    Kan Zhidong hesitated for a few days, and then started selling again, but the result was the same as before. Only then did he finally understand that Guan Jinsheng was operating the stock market through Galaxy Securities.

    He couldn't tell how much capital Guan Jinsheng had, so he continued to test, sometimes building positions to take in, sometimes cashing out and selling short. The two parties were constantly entangled in the stock market, but the stock market was still growing, but the trading volume of the market was declining.  Continue to zoom in.

    By the end of the year, Kan Zhidong finally couldn't accept the status quo, so he adopted a gradual cash-out method and continued to cash out in the long term according to the existing goals. Since the number of investors in the domestic stock market had already exceeded 27 million, the number of investors pouring into new stock markets was still increasing rapidly.  The long bull market has made people lose their minds.

    Coupled with Guan Jinsheng's continuous operation, this bull market that originally seemed to be able to end the adjustment has been continued. Although Zhongqi Group has basically completed its cash-out goal, the market continues to hit the 4100-point mark.  , has not been significantly affected by the withdrawal of the main funds of the Zhongqi Group, but the rising trend of the market has slowed down and the trading volume has declined.

    Looking at this trend, Kan Zhidong estimates that it may even hit 4200 points, and Guan Jinsheng's funds may be the straw that breaks the camel's back, because the stock market is already very weak and the major players have fled.  Whether it is the Zhongqi series or the joint label attached to the Zhongqi series.

    In this case, if there is any slight disturbance, the market will fall. Once it falls, the whole situation will be very unoptimistic.

    Kan Zhidong was not very satisfied with this situation. He went to Hong Kong to report to Yang Shaozong in person, and Yang Shaozong was also paying attention to this situation In short, it was very strange. According to Kan Zhidong, his original plan was to rise slowly and fall slowly, so as not to make too much money.  It will be too much, but it will not damage the confidence of the entire market. The price will remain unchanged at 2,000 points. In this situation, if it plummets, the vitality of China's stock market will be seriously damaged, and it will be difficult to recover in the future.

    What can Yang Shaozong do? He can't go to the capital to bargain with Guan Jinsheng, right?

    Yang Shaozong¡¯s answer is simple, just let him do whatever he wants.

    This "he" naturally refers to Guan Jinsheng.

    No matter what, Guan Jinsheng still did a favor to the Zhongqi Department. The Zhongqi Department obtained a large amount of funds and constantly transferred them to the Hong Kong market to seek new opportunities.

    Yang Shaozong seems to be very busy during this period. He has accepted appointments for interviews with two American media and many Asian media, because Forbes will likely list him with a net worth of US$19.8 billion in the new 1997 rich list that will be launched soon.  Ranked first in Asia and fourth in the world.

    Before the official launch in June, "Forbes" specially launched a special topic for Yang Shaozong, analyzing the origin of Yang Shaozong's wealth. According to the information collected by Forbes Asia Data Center, Yang Shaozong personally worked in Zhongqi Investment Bank (since September 1996).  Beginning in March, Zhongqi Group, under the leadership of Hua Kangsheng and Kan Zhidong, completed its transformation into China Zhongqi Trust and Investment Bank (Company), merging most of its subsidiaries to become a Chinese investment bank with 8,400 employees.  , plus the employees of its holding subsidiary Hong Kong China Flag International Investment Bank, a total of 11,700 employees), the shareholding rate is about 12%. In addition to absorbing a part of the original shares through the investor company, Yang Shaozong personally absorbed Guan Jinsheng  The original shares held are the main growth. In addition to the original shares transferred by Song Fangzhou and others, as well as the collective increase in holdings of Zhongqi Holding Company, Yang Shaozong's 12% stake in the head office of Zhongqi Investment Bank is a relatively reliable figure.

    According to this numerical calculation, by calculating the market value of each stock controlled by Zhongqi Investment Bank, in January 1997, when the Hang Seng Index of Hong Kong stocks exceeded 160 million points and the Songshen Index exceeded 4,000 points, the known market value of Zhongqi Investment Bank  About 1.458 billion yuan. Among them, the combined market value of Qizhen Group, China Flag International and United Financial in Hong Kong is HK$420 billion, surpassing the Yangtze River Group to become the largest listed assets in Hong Kong stocks. China Flag Investment Bank has direct investment in the three companies.  The shareholding rates are all around 45%.

    If the cross-shareholdings of Shanghai Luo Cement, Asia R&F, China Liquor, Silk Power Holdings, China Electronics, and China Flag International in New World Telecommunications and multiple red-chip companies are calculated, the market value of China Flag Group in Hong Kong is approximately  Accounting for about 25% of the total market value, twice as much as the Yangtze River Group, it can be called the king of the red chip group.

    To a certain extent, the Hang Seng Index in the Hong Kong stock market was able to reach a record high of 16,000 points during this period, which was basically due to the collective listing of the Baizhongqi Group in Hong Kong.

    &nb?? is 30 billion.  "

    Yang Shaozong hummed and continued to ask: "Have you done an asset appraisal?"

    Li Jiachen said: "Yongan Accounting Firm made an assessment, and the valuation is also around HK$27 billion. Even considering the long-term development space of the telecommunications industry, the maximum should not exceed HK$30 billion. As for the share exchange plan we proposed, Dadong  Nor willing to accept it.¡±

    Yang Shaozong thought about it quietly in his heart for a while.

    The acquisition of Hong Kong Telecom is definitely a good business. If Dadong continues to retain it because there is no satisfactory offer, it will retain it for four years, which happens to be the fastest development period of the telecommunications industry. After four years, it can cash out when it sells it.  At least 10 billion US dollars - this must be thanks to the Nasdaq Internet technology stock bubble in the United States.  ro!  .
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