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Free Web Novel,Novel online - All in oicq.net -> Romance -> Electric tyrant Text Chapter 387: Drawing fire from the bottom of the cauldron
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- 2 Tim Mei Avenue, Tamar, Admiralty, Hong Kong Island, SAR Government Headquarters. . .
Since the outbreak of the crisis, major departments and bureaus such as the Financial Secretary and the Hong Kong Monetary Authority have all been responsible to the Chief Secretary for Administration, and the Office of the Chief Secretary for Administration has become the real center of the SAR government. This is the intention 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, turning Mr. Dong, who was very ambitious and ready to do something big a few months ago, into a "virtual Chief Executive".
International hedge funds are attacking the Hong Kong market in the foreign exchange market, stock market, and futures market at the same time, preparing to win the Pearl of the Orient in one fell swoop. Market confidence is insufficient, and the Hang Seng Index has fallen further. Under the turbulent waves they set off, it is very common for prices to change by one or two thousand points every day.
Wealth has shrunk severely, and has impacted the real estate market and the lives of ordinary people. The situation is so grim, but Wu Jinhua and the "Three Financial Musketeers" have been reluctant to move. There are overwhelming negative reports about the Hong Kong government's "inaction". Mr. Dong can no longer Unable to sit still, he summoned Wu Jinhua and others to the conference room as soon as he got to work.
The most important thing in the financial securities industry is information, and now the Hong Kong SAR government has the most complete information. The Hong Kong Monetary Authority can keep track of almost all capital flows in the market.
Faced with Mr. Dong¡¯s inquiry, the Hong Kong Monetary Authority calmly reported: ¡°Not only Soros¡¯s Quantum Fund was present, but another Tiger Fund, which was bigger than Quantum Fund, was also killing people. In the past four days, many people in Hong Kong Representatives of small retail investors took over a large number of hot potatoes in the transaction. We want to thank these speculative retail investors for diversifying the risk of the entire market, otherwise the Hang Seng Index may have plummeted thousands of miles."
Mr. Dong has his own staff and has his own opinions on the current situation. He glanced at Wu Jinhua, who was still in the ancient well. He said bluntly: "Retail investors are retail investors after all. They don't have that much capital, and they don't have that much ability to bear risks. If decisive measures are not taken, it will probably be a matter of days before the Hang Seng Index falls below 10,000 points!"
10,000 points is not only the limit for the Hong Kong government, but also the limit for the Chinese government. The Financial Secretary is very aware of this, but he still said solemnly: "Mr. Dong, only by knowing yourself and the enemy can you be victorious. No matter what measures the Hong Kong government takes next, We all need to have an understanding of how much chips international speculators have in their hands. If they act blindly, they will inevitably leave consequences.¡±
"What's the meaning?"
He frowned and twisted a big knot, which showed how anxious he was. Wu Jinhua realized that he could no longer remain silent and said: "According to the statistics of the Hong Kong Monetary Authority, the Hang Seng Index fell by 6,000 points, and the Hang Seng Index futures contract Each point is HK$50, assuming they sell a total of 100,000 contracts, then the profit will be HK$30 billion. There will be some discrepancies, because the Hang Seng Index futures will not only fall but not rise, and will rise again and again. It is settled with spot every month. In addition, it is difficult to actually calculate the number of contracts sold. It can only be roughly calculated. If you are lucky, you should have this number.
This is just the income of several major international hedge funds in Hong Kong. If the income in Thailand, Indonesia, Malaysia, Philippines and South Korea are included, it will be a huge number. While transactions are still continuing, all contracts in other countries have not yet been delivered. In other words, the current attack is just a test.
If we mess up our position in the exploratory attack and play all our cards, what will we do to deal with larger-scale attacks in the future? And raising interest rates is a double-edged sword. If interest rates are raised again, the real injury will be to the Hong Kong economy, not to their speculators who can attack or not attack. "
Through various means, the overnight interest rate between banks has been increased, forcing international speculators to be unable to obtain funds from Hong Kong's banking system to enter the foreign exchange market and stock market. This is undoubtedly a plan to drain money from the bottom of the pot.
¡°But as Wu Jinhua said, if we increase the overnight bank lending rate, it will increase the operating costs of the real economy and accelerate the economic recession. Especially for those who speculate in real estate, the increase in loan costs will force them to reluctantly sell their houses at half price. And this is not the worst. If the situation is not controlled after the interest rate hike, not only those who continue to hold the property, but also those who take over half-priced properties will go bankrupt or even jump off the building!
Looking at his worried look, Wu Jinhua continued: "The three major institutions, Bank of China, Hesheng and Yiduo, are sweeping the Hong Kong dollar in the foreign exchange market. There will be no problem with the linked exchange rate system in a short time. Even if there is a problem, there will still be a third echelon. And the funds are guaranteed. As for the precarious stock market, we have formulated a package of response plans. All we can do now is wait for a suitable opportunity to play all our trump cards and fundamentally restore the confidence lost due to the financial crisis.¡±
At this critical moment, confidence is more important than anything else.
If there is enough confidence, investors will continue to hold the stocks in their hands, and real estate speculators will also find ways to keep their properties. After all, no one likes to bear the pain of cutting off their flesh.
?? Wu Jinhua¡¯s words were categorical. Officials from the Financial Secretary and the Hong Kong Monetary Authority were full of confidence. Mr. Dong feltIncredulous, he asked uncharacteristically: "Everyone, can you be more specific?"
"The "virtual chief executive" is also the chief executive. All officials, including Wu Jinhua, have always respected him. However, due to some misunderstandings caused by the sudden change of generals and the need to deal with the sudden financial crisis, especially after the crisis, the Chinese government proposed that Wu Jinhua be fully responsible, which made him a little discouraged, so that in such a major situation, Reports are rarely heard on issues.
There are no outsiders in the meeting, so there is no need to worry about leaks.
Wu Jinhua smiled, opened the folder in front of him and reported: "Mr. Dong, there are some news here that you may not have noticed. A week ago, nb Electric (Russia) Company signed a series of agreements with the four major Russian oligarchs. Equity transfer agreement, which includes the transfer of twelve high-quality assets including Russian bnb, with a total transaction volume of US$3.68 billion;
Four days ago, the American Echo Star Communications Company repurchased 45% of its equity from Diamond Capital, and Diamond Capital received US$6.387 billion in cash. As of 6 pm Eastern Time yesterday, Diamond Capital had sold two companies, including Netscape and Yahoo, one after another. The stocks or equity of 16 high-tech companies totaled US$86.36 in withdrawn funds. "
The financial crisis has affected many multinational groups. It is not surprising that the nb department has reorganized its assets and integrated its businesses. You must know that the actions of South Korea's four-star players are greater than those of the NBA series. So far, more than a dozen non-core businesses have been sold as a whole package.
Mr. Dong is confused. He asked with a puzzled look on his face: "Mr. Wu, are you saying that Mr. Zhang will use this huge sum of money to support the market?"
Wu Jinhua did not answer this question directly, but continued: "In fact, I have not finished introducing it just now. In addition to these actions in Russia and the United States, the nb department has bigger actions in Europe and the Middle East, including selling to the United Kingdom. News Corp., Germany's Radio 2 and Luxembourg TV have transferred their stakes in European bnbs, and have also transferred all their stakes in bnbs in the Middle East to the Saudi government. Even American bnbs are negotiating with NBC and other news organizations. If nothing else, they will do so by the end of the month at the latest. .nb Electric will completely withdraw from the news media industry.¡±
bnb News Network is a chicken that can lay golden eggs. Mr. Dong was shocked and couldn't believe it was true.
nb Electric has its own reasons for doing this. In fact, nb Electric had this plan a few years ago, but as for why it did this, it is a commercial secret and Wu Jinhua cannot disclose it casually.
Seeing everyone looking at each other, he continued: "In the Mainland, nb Electronics has just signed a flat-screen picture tube business transfer agreement with Caihong Electronics. In the future, Window's flat-screen picture tube color TVs and visual flat-screen computer monitors will be manufactured by affiliated companies in the future. . Through this series of business and asset transfers, nb department has obtained up to 36.4 billion US dollars in cash.
According to the latest report from Xinsheng Investment President Ding Wenming an hour ago. Part of this huge sum of money will flow to the United Kingdom, and the remaining part will return to Hong Kong. An acquisition application will be formally submitted to the regulatory agency when the market opens tomorrow to fully acquire HSBC and Standard Chartered Bank! "
Hong Kong companies have always been divided into British capital and Chinese capital. Mr. Li became famous through the acquisition of British capital.
Mr. Dong was stunned by the news. He was stunned for a while before he asked doubtfully: "Mr. Wu, NB is acquiring HSBC and Standard Chartered. Are you kidding me?"
"No."
Wu Jinhua shook his head and said with a proud smile: "In order to rebuild confidence, Mr. Zhang and the nb department have made great sacrifices and made great determination. At the same time, only by doing this can we fundamentally cut off the passage of international speculators." Hong Kong¡¯s financial system has a source of Hong Kong dollars, rather than blindly raising interest rates.¡±
This is obvious.
Once the news is announced, HSBC and Standard Chartered must find ways to raise funds to buy back shares to ensure their control. Every cash must be used wisely, and there is no spare money to lend to international speculators.
More importantly, these two banks control and hold shares in many banks. For example, once the equity of HSBC changes hands, it means that even Hang Seng Bank will change owners. Other banks that have stakes in the company must also take this into consideration.
Mr. Dong reacted like an enlightenment, and said with joy: "This is undoubtedly a good idea to draw out the firepower. The key is, does the nb department have the strength?"
The Financial Secretary was delighted and couldn't help but smile: "Mr. Dong, it doesn't matter whether you have the strength or not. It doesn't matter whether you can win this acquisition war. What matters is that we need good news and Hong Kong needs confidence."
Attacking it will save it, and the stock price is so low, those bank presidents have to take it seriously. More importantly, nb has passed a series of business and equity transfers, reflecting its determination to make a comeback. And with the backing of the wealthy Arab National Bank, no one dares to take it lightly.
Thinking again of the series of plans formulated by the Hong Kong government to revitalize the economyWith the policy and the support promised by the Chinese government, Mr. Dong stood up suddenly and said: "Okay, that's great! If nothing else happens, the Hang Seng Index will definitely rise sharply tomorrow, and the speculators in the foreign exchange market will not take advantage, so that They don¡¯t have a share in the stock market either!¡±
Whether you can take advantage of this is relative. The money that should be earned has already been earned by others. Losing means losing the contract for the next month and the month after that.
Wu Jinhua sighed secretly, handed over a stack of materials that he had prepared earlier, and said sincerely: "Mr. Dong, this is the plan we have drafted. Please take a look at it. If there is nothing you need to add, then we will We will convene members of the Executive Council for collective discussion and try 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 is Wu Jinhua's respect for him. After all, he will convene the executive meeting and announce it at tomorrow's press conference.
After being worried for so long, he finally saw hope, and Mr. Dong was very excited. Even his voice became a little choked. Hold Wu Jinhua's hand tightly. He said meaningfully: "Thank you, thank you all. You have worked hard. I believe that after these trump cards are played, Hong Kong's economy will recover in the shortest time, and even surpass it."
"This requires our joint efforts."
Wu Jinhua lowered his head and glanced at the time, and then said: "By the way, the Federation of Industry and Commerce and the Chinese General Chamber of Commerce will have a cocktail reception in the afternoon. Mr. Gu and Mr. Liu asked me to ask if you have time?"
The invitation letter has been received. There were countless invitations like this. Mr. Dong really couldn't decide whether to attend or not. Seeing Wu Jinhua bring it up, he immediately smiled and said: "Mr. Gu and Mr. Liu invite you. Even if you don't have time, you have to make time. I must go, I must go."
The nb system either doesn¡¯t take action, or it does it with thunderous force.
As Mr. Dong expected, as soon as the news broke that Xinsheng Investment would fully acquire HSBC and Standard Chartered, the two stocks rose by 20%. And drove almost all bank stocks.
A large number of buying orders for bank stocks poured out of the market, no matter what the price. As long as someone ships the goods, they will be bought immediately by Xinsheng Investment traders. With such a high-profile and strong stance, some investment institutions have followed suit. The Hang Seng Index futures have continued to rise, and the spot index has continued to rise, catching international hedge funds by surprise.
¡°While they are worried that the tens of thousands of short-selling contracts that have accumulated in their hands for more than half a month will not be executed, which will cause heavy losses to them, the headquarters of banks such as HSBC, Standard Chartered and Hang Seng are also extremely nervous.
The wolf is coming!
The president and vice presidents paid close attention to the constantly updated stock market conditions and issued trading instructions one after another. However, facing the well-prepared nb system, they could not raise so much funds in a short time no matter what they tried, and could only watch helplessly. Watch the equity flow to Xinsheng Investment bit by bit.
This is the first acquisition war since the establishment of nb Electric.
Naturally, the charter will not remain indifferent. For this reason, the itinerary has been specially adjusted to stay at nb Electric¡¯s Asia Pacific headquarters in Singapore and pay attention to every move in Hong Kong.
"HSBC is really desperate this time and has mobilized another 1.3 billion pounds from London."
Zhang Cheng looked back at the rising stock price and said with a smile: "What an unlucky number. If they know that we are drunkards and have no intention of drinking, they will be angry to death."
Ruan Shaojing didn't know the news until last night. If it weren't for the fact that the Hang Seng Index stopped falling and went up on the monitor, he wouldn't have believed it was true. He glanced at the fax just sent from the Hong Kong headquarters and reported: "Mr. Ding According to the data provided by the Hong Kong Monetary Authority, they are scanning goods in a targeted manner. Jincheng Bank has provided Quantum Fund with a loan of 160 million Hong Kong dollars. In the morning, they have scanned their stocks with a market value of 160 million. I think they should know clearly. What's going on?"
Having transferred so much business and transferred so much equity, Ding Wenming now has funds in his hands. It will be difficult to acquire HSBC and Standard Chartered at the same time, but he has no problem at all in dealing with those small banks. Anyone who doesn't listen to the invitation will acquire anyone, and the local banks will be wiped out. The remaining foreign banks alone will not be able to make any big waves.
Thinking that Hong Kong's banking industry would definitely be in a state of chaos, Zhang Cheng couldn't help laughing and said: "Inform Mr. Ding to pay attention to the rhythm, don't eat a fat man in one bite, and strive to last longer and have some impact on this chaotic acquisition war." ¡±
Acquisitions and reorganizations are normal, but acquiring two Fortune 500 companies in the stock market like this is rare. The eyes of the whole world are fixed on Hong Kong. Those international speculators have not only become soy sauce, but have even become victims of this takeover war.
The advertising effect brought about by this is self-evident. Knowing that although Xinsheng was aggressive, in fact it was only targeting Ruan Shaojing of Standard Chartered, he nodded and smiled and said: "Okay, I will call him right now."
Messages came one after another. Just after talking to Ding Wenming on the phone, Ruan Shaojing brought another stack of faxes.
? ?Chapter 1: The SAR government has just held a press conference. Mr. Tung solemnly announced in an interview with the media that the Hong Kong government¡¯s top priority is to defend the Hong Kong stock market, defend the linked exchange rate system, and defend the Hong Kong economy! If international speculative institutions unscrupulously undermine Hong Kong's financial stability, the Hong Kong government will not rule out the possibility of breaking the free market economy's rule of non-intervention by the government and using more than HK$110 billion of the Exchange Fund to enter the market to acquire some local stocks! "
The best policy is to lead without attacking, and to subjugate the enemy's troops without fighting.
It gave them some advantages and some losses, especially those short-selling contracts after the takeover war started, which made them suffer. If they issue a warning at this time, the effect will be much better than when the crisis first broke out.
Zhang Cheng nodded slightly, looked at the HSBC stock that had risen a little and asked: "Is there any more?"
"have."
Ruan Shaojing read the fax and continued: "Mr. Dong announced that in the next five years, the Hong Kong government will increase investment in public projects and stimulate economic growth. For example, it reached an agreement with Disney Company to spend a huge sum of HK$22.4 billion to jointly build The first phase of the Hong Kong Disneyland project will be opened in 2005. It is expected to bring 148 billion Hong Kong dollars in economic benefits and tens of thousands of employment opportunities to Hong Kong. For example, it will actively build and expand subways, highways, etc. infrastructure.
Refund taxes, freeze fees, and relieve people's difficulties. Refund 10% of profits tax, salary tax and property tax payable in the next three years, totaling HK$8.5 billion, benefiting 1.25 million taxpayers, and freeze fees for services provided by government departments to the public.
At the same time, we will combine alleviation and blockade to promote financial reform. Drainage means improving efficiency, stimulating investment, and enhancing the charm of a financial center; plugging means plugging loopholes, strengthening supervision, and preventing excessive speculation. "
"There is nothing new. Later Hong Kong governments also did this. Charter was not surprised.
Looking at his thoughtful look, Ruan Shaojing continued: "The focus is on Articles 4 and 5. Mr. Dong announced that the Hong Kong government will actively increase the proportion of innovative technology and high value-added industries in the economic system. Start total investment The HK$24 billion manufacturing and high-tech industry plan will establish 20 Hong Kong industrial parks in the mainland to specifically provide assistance to Hong Kong enterprises.¡±
¡°This is modeled after Singapore. You don¡¯t need to ask, you will know that it is Wu Jinhua¡¯s handiwork. Zhang Cheng 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. A spokesman for the Hong Kong branch of Xinh News Agency announced at a press conference that the exchange rate of the RMB M will remain stable, which will serve as a strong backing for Hong Kong to overcome the financial crisis. And mainland visitors will be relaxed before the end of the year. Hong Kong tourist restrictions have increased the number of tourists visiting Hong Kong and promoted the development of Hong Kong¡¯s tourism industry.¡±
The exchange rate is stable, the stock market is rising, and good news comes one after another. As long as we gain confidence, we are not afraid of the tricks played by international speculators.
The charter weighed it up and said resolutely: "Mr. Ruan, in addition to fighting this acquisition battle, I think we should do another icing on the cake. Inform President William Powell and President Zimmerman and ask them to come forward to summon nb Electric All Hong Kong-owned related enterprises, agents and dealers will discuss how to deal with the challenges brought about by the crisis. Bank nb must play its role and prepare sufficient funds to help them tide over this difficulty."
What surprised him was that Ruan Shaojing actually smiled and said: "These headquarters and nb bank are already doing this. After all, our affiliated companies, agents and dealers are different from the general bank customers. They all prosper and lose. , there can¡¯t be even a little accident.¡±
¡°Then make the noise louder.¡±
Zhang Zheng thought for a while and added: "There is also nb laboratory. If we want to take this opportunity to assist Hong Kong's economic transformation, we can fully participate in the Hong Kong government's manufacturing revitalization plan and set up branches in those industrial parks in the plan. Provide them with technical support." (To be continued, please search Piaotian Literature for better and faster novels! - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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