Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 382 Interest Exchange

"Mr. Lu, I read every issue of Yuantu Investment's stock market Feng Shui report. This is a very interesting and valuable report. The most rare thing is that it accurately predicted this stock market crash. How did you do it?"

"Your Excellency Governor, you have praised it, it is nothing more than a little luck."

Wei Yixin put away his smile and said, "So you made a lot of money by shorting this stock market crash."

Lu Renhe and Jim smiled at the same time, Lu Renhe said: "Governor General, Xiangjiang is an international free financial port. Neither the laws of the Hong Kong Securities Regulatory Commission nor the rules and regulations of the China Securities Regulatory Commission prohibit shorting. The rule of the free capital market is that winners take all and are willing to accept the loss."

Wei Yixin was silent for a few seconds and said with a smile: "People have been talking about Master Li Maocai and Master Li recently. I am also very interested. If you have the opportunity, I want to invite him to the Hong Kong government as a guest."

Seeing that he no longer insisted on shorting, Lu Renhe finally put his heart back in his stomach and said, "I think Master Li will be happy to accept your invitation!"

"You are Jim Walker. When I was working as a political consultant to Governor MacLeho, I often read your financial column. Speaking of which, I am also a Scot, born in Arloa, Clarkmann County. If you remember correctly, we are fellow villagers."

Wei Yixin's Chinese is quite good, better than Wei Zhuosi, a guy who claims to be China News.

Jim smiled and said, "Governor General, it is my honor to let you remember my name."

"I have read all the articles you published in that Feng Shui report. Now when you look back, you realize that what you said is unpleasant and honest advice and insightful insights."

"Ah, that's nothing. As long as you are careful, every securities analyst can make the same judgment."

"Haha, Mr. Wei, you are too modest."

After talking nonsense, Wei Yixin finally got to the point and asked: "What do you think of this stock market crash? What are your suggestions for the Hong Kong government?"

Lu Renhe gave Jim a wink, and the latter immediately said: "There are enough views on stock market crashes in society, and we don't want to repeat them again. The purpose of our visit to the Governor today is two, one is to save the market and the other is to acquire banks. These two things are essentially a matter of combining two into one. Once the bank is acquired, Yuantu Investment will help the Hong Kong government maintain market liquidity by injecting funds into the bank. This is a win-win cooperation."

Wei Yixin frowned slightly. A few days ago, Yuantu Investment wanted to acquire the bank and was rejected. He had just heard from his secretary that Jim mentioned the old story again, and he really chose a good time.

The current situation has completely reversed. It is not that Yuantu Investment seeks the Hong Kong government, but that Hong Kong government seeks Yuantu Investment.

Alas, it’s really hard for me as the governor of Hong Kong!

"The Hong Kong government has taken over three banks, Hang Lung Bank, Overseas Trust Bank, and Kangnian Bank. Which one do you want to acquire?"

Jim and Lu Renhe looked at each other and could see excitement from each other's eyes.

"Governor General, if the price is right, we plan to acquire two banks, Hang Lung and Kang Nian."

Wei Yixin's pupils shrank, "Henglong and Kangnian both want it?"

Lu Renhe nodded and said, "As long as the acquisition is completed, we will release at least HK$1.5 billion to the market through the bank."

"HKD 1.5 billion?" Wei Yixin felt his heart pounding. The Hong Kong government was trying hard to save the market two days ago and raised 2 billion Hong Kong dollars. This amount of money was thrown into the stock market that plummeted today, and there was no splash.

Now that the Hong Kong government is almost out of ammunition and food, the next step of rescuing the market is only policy tools, such as interest rate cuts, and learning from the experience of the United States to encourage listed companies to repurchase stocks.

So, if Yuantu Investment can really invest HK$1.5 billion to participate in the rescue of the market, it would be a big help.

"2 billion, but the three banks must acquire it in packages!" Wei Yi had already agreed in confidence, but he still wanted to make more money. No one would dislike the lack of money. At the same time, he also wanted to get rid of the big burden of Haituo Bank for the Hong Kong government.

Jim shook his head and said, "Governor General, Haito Bank is too debt-rich, we are really not interested in it."

"1.5 billion, three banks, the Governor's Office will give the green light all the way to acquire!"

"make a deal!"

Wei Yixin was afraid that the night would be long and dreams would be too long, so he summoned people overnight to start acquisition negotiations with Yuantu Investment.

Because of the guarantee of 1.5 billion yuan in rescue funds, the Hong Kong government did not make any big statement on the acquisition price.

Although both sides are very honest, the negotiations are still difficult, and the contradictions are mainly concentrated on the debts of overseas trust banks.

When Hyto Bank was taken over by the Hong Kong government two years ago, its total assets were nearly HK$4 billion, but the found loss reached HK$3.1 billion. It had to use a 4 billion foreign exchange fund to continue its operation.

After two years of hard work by the Hong Kong government, although the losses of Haito Bank were reduced to less than 1 billion, Lu Renhe still believed that it was too much and insisted on divesting these debts and the Hong Kong government would bear it.

At 8 o'clock in the morning, after an hour of rest, Jim returned to the negotiating table in high spirits and continued to argue with the negotiators of the Hong Kong government. As for Lu Renhe, he returned to the company to take charge.

On the other hand, in order to boost market confidence, before the Hong Kong stock market opened, the Hong Kong government announced a series of rescue measures. Banks once again lowered interest rates to 6.5%, and at the same time exempted Hong Kong listed companies from repurchasing their own shares.

After learning the news, Li Jiacheng was overjoyed. He was previously bound by the 35% line of the CSRC regulations, and he did not dare to let go. He wanted to kill the enemy, but he was powerless.

Of course, if it were in normal times, he wouldn't care about this regulation at all. At most, he would have to pay a fine. But now is a special period. If he dares to do this, he will definitely be the target of public criticism.

Not only do ordinary stock investors want to scold him, but also those who are suffering from miserable peers also want to scold him. After all, I don’t worry about being weak but injustice. I don’t dare to do this. Why do you dare to do this?

Now I can finally feel at ease that I don’t need to worry about the 35% line, so I gave the order and bought it with one word!

However, these measures by the Hong Kong government have not been able to stop the decline of the stock market.

After the closing, Wei Yixin looked at today's Hong Kong stock market data and was crying without tears. He asked his secretary: "How is the negotiations with Yuantu Investment?"

"Henglong and Kangnian have agreed to the two banks, with prices of HK$320 million and HK$210 million respectively, but Yuantu Investment is still placing the debts of Haitu Bank."

Wei Yixin said with a headache: "These damn speculators are so greedy!"

The secretary opened his mouth, looking like he was eager to speak but stopped. Seeing this, Wei Yixin asked, "If you have anything to say, you might as well say it."
Chapter completed!
Prev Index    Favorite Next