Hong Kong's new giants

Friday, April 1.

On the first working day after New Year's Day, Lin Zuhui came to New Era Group.

He was in a good mood as always.During the recent period, Lin Zuhui is holding an AK in his hand, facing a group of opponents with kitchen knives. He can 'BIN...BIN...BIN' at any time, defeating one opponent after another.

Picking up the newspapers on the table, there are almost all the same "tragic news", such as the bankruptcy of a certain company, the jumping of a certain employee from a building, the crazy devaluation of a certain country's currency... similar to these news.

At this time, Hong Kong's real estate has fallen by 1996%, and most of them have returned to the level at the beginning of 1994, which is equivalent to the peak in the first quarter of [-].The important thing is that there is not much transaction volume of properties, which means that everyone knows that real estate may still fall.

After a while, Liang Zhenxun came to Lin Zuhui's office with a smile on his face.

He believes that the employees of the boss are very lucky. Several group companies under the boss have not reduced their staff so far, and everyone does not need to worry about job loss.

After all, in such a big environment, losing a job is losing the last hope.Many people have mortgages and car loans in their names. Once they fail to pay, the bank will come and confiscate them, and then they will have nothing left.

"Boss, all gold futures positions have been closed, with a profit of 86.1 billion Hong Kong dollars and a return of 98.2 billion Hong Kong dollars."

Lin Zuhui said with a smile: "This year's net profit is probably 750 billion Hong Kong dollars. It is really a bumper year."

The reason for such a high net profit is because of the sale of five office buildings, five shopping malls, four mid-level luxury housing projects, and some scattered rental properties; this part of the income alone is almost 350 billion Hong Kong dollars.

In addition, in the first eight months of this year, the real estate market was very good, and the group's annual normal profit may exceed 300 billion; now it is more than 86 billion in gold futures revenue, which can be described as the biggest harvest year.

Liang Zhenxun echoed: "The boss's command is good! How many companies are trembling now and will go bankrupt at any time; only we are very relaxed and can take the initiative at any time."

Having been with the boss for so many years, he knows that most of the money in the company's account will be used to buy bottoms, and next year's dividends will still not be much.In the accounts of the New Times Group, there is a huge cash of 860 billion Hong Kong dollars.

Then, Liang Zhenxun said: "China Bus Company also performed well this year, and its net profit can exceed 20 billion."

Lin Zuhui nodded. Under his guidance, CMB sold a large number of its properties and only retained some core properties and land.

"This year, we just distribute the cash as dividends, and we can cover a lot of acquisition costs! This company is originally in the transportation business, and we want to return it to its essential business."

Liang Zhenxun immediately said, "Okay."

Lin Zuhui added: "It just so happens that Xu Zhantang's two listed companies have not escaped the financial crisis. CMB has reserved some funds and is ready to acquire Citybus and take back all routes on Hong Kong Island again."

During the peak period, Xu Zhantang’s two listed companies had a combined market capitalization of HK$50 billion, but now there are probably only about HK$30 billion left.The market value is second. Important properties have depreciated, and his two listed companies have borrowed money to invest in a large number of properties.

Xu Zhantang will not only sell Citybus, but even antiques, so that the two listed companies will not be liquidated.

Liang Zhenxun's eyes lit up, and he said, "That's true! Last year, Citybus often competed with us for customers. This year, it's our turn to acquire it."

The two sides not only broke out to compete for customers, but also bought new buses and improved services one after another. In short, the competition is fierce.The bus business has a stable profit. For example, CMB’s net profit of bus last year was 1.8 million. Although the proportion of the company is not high, it is still quite impressive.If all the bus lines on Hong Kong Island are withdrawn, there is still hope for an annual profit of 3 million.

Then Lin Zuhui arranged again: "Sony's stock can be bought slowly recently. Although there is still a possibility of falling, we have been quite successful in doing T. I am optimistic about Sony's market value in the long run."

Liang Zhenxun nodded and said, "Okay, I'll arrange it!"

After Liang Zhenxun left, Lin Zuhui made some calculations in his mind. New Times Group made a huge profit of 86 billion Hong Kong dollars in gold futures, so Hengjin Investment earned almost 120 billion Hong Kong dollars, and Hengjin Investment's cash flow also exceeded the 500 billion mark.

Group President Chen Bin also came to Lin Zuhui's office.

"Boss, I just got the news that Sun Hung Kai suddenly announced that it will suspend work or slow down the development of 10 of its sites!"

Sun Hung Kai is one of the four major real estate developers in Hong Kong. Announcing such news at this time, it is foreseeable that it will have a great psychological shock to the real estate and stock markets.

Lin Zuhui said calmly: "It's a wise choice. Xiangjiang Real Estate will fall by [-]%, and this cycle may be very long."

Chen Bin nodded and said, "Fortunately, we reduced a large number of site plans more than a year ago, and now we have the least loss in real estate development."

……

In early January, international speculators once again came to Xiangjiang to 'make waves'. In their view, Xiangjiang has become a 'cash machine'; About 1 billion Hong Kong dollars were withdrawn.

Therefore, they did not flinch. Instead, they took advantage of the panic of the sharp depreciation of the Indonesian rupiah and came to Xiangjiang again to continue to test.

Thursday, November 1.

In the evening, Lin Zuhui came to the family office and had a meeting with several senior investment managers.

He sat on the main seat and acted very calmly in his heart. He knew that this month was still a tentative attack by international speculators. In his previous life, Xiangjiang’s real decisive battle was in August; and in May, international speculators even attacked Xiangjiang Financial once.

In any case, the Family Office holds a huge sum of 600 billion Hong Kong dollars. It is definitely a hidden dragon in Hong Kong, ready to deal a fatal blow to international speculators at any time.

Since it is a fatal blow, it is best not to expose it now, so as not to cause too much influence.Therefore, he wants to set a suitable standard line this time.

"Today the Hang Seng Index fell to 10700 points, and in a few trading days this year (5 trading days), the Hang Seng Index has fallen by 1500 points. Therefore, this time we set the target at 10000 points, but we cannot let the Hang Seng Index Break through this line; that is to say, once the Hang Seng Index falls below 10200 points, you have to fire with all your strength."

Everyone nodded, and Li Hao asked tentatively: "The boss thinks this international speculator is just a tentative snipe?"

After all, the funds of the family office are to be bought in. Assuming this is the last attack by international speculators, it is obvious that all the funds of the family office should be bought in, lest the Hang Seng Index rebound and miss the good opportunity.

Lin Zuhui said generously: "The Asian financial crisis still has a huge impact this year. International speculators will not miss such a good opportunity, hoping to bring down Xiangjiang's finance. Judging from the strength of this time, it is obviously not a decisive battle. There are plenty of opportunities!"

Everyone laughed, Lin Zuhui's family office has this strength, which is a huge amount of 600 billion yuan.The important thing is that they are not fighting alone. The HKMA is hard at work (maintaining the exchange rate of the Hong Kong dollar), and many companies under the boss are firmly supporting the market.

In fact, the strength of international speculators is far lower than that of Xiangjiang.If it weren't for the big bubble in Xiangjiang, how could there be the current catastrophe.

In fact, although the Hong Kong Monetary Authority's "one trick" method has preserved the Hong Kong dollar, every time the interest rate and bank lending rate are raised, Hong Kong's real estate and economy will fall once, and there will be more bankrupt companies.

The reason is simple, with such a high interest rate, who would buy a property?

Banks do not dare to borrow money indiscriminately, because sufficient cash flow must be ensured.

Enterprises not only have to borrow 'usury', but banks do not necessarily lend money.

Therefore, Xiangjiang's economy will have to deteriorate this year.

However, in Lin Zuhui's view, what can't be broken can't be built. As long as the international speculators are defeated once and they lose billions or tens of billions, they will automatically retreat.

At that time, Xiangjiang can concentrate on restoring the economy.

In this life, there is no problem with the size of Lin Zuhui's company and the economy of Xiangjiang.

What's more, he also has the big strategy of "establishing Hong Kong with culture" and "rejuvenating Hong Kong with science and technology"!

……

at this time.

Big crocodiles such as Soros are also remotely directing international speculators on Wall Street to attack Xiangjiang.

In the conference room, these predators were like 'colonists' and regarded Xiangjiang as their prey.

Soros said relaxedly: "Our goal this time is very simple, which is to break Hong Kong's Hang Seng Index to 10000 points!"

It seems that the international speculators are attacking the Hong Kong exchange rate, but in fact their real intention is the Hong Kong exchange rate. Of course, these are all intertwined.

A head of an investment institution said: "If it weren't for the five listed companies to keep a close eye on it, the Hang Seng Index would have already broken through 10000 points."

Everyone nodded, and even showed admiration. The five listed companies are all masterminds. The market value of the five listed companies accounts for 25% of the Xiangjiang stock market (increased). No matter how bad the environment is, the five stocks are always very Stable, and even became a safe haven for investors, buying one after another.

Soros said with a smile: "The bottom line is broken step by step. Five listed companies can't change the result much. Xiangjiang has become our cash machine. As long as we press a button, we can withdraw cash."

Everyone agreed with Soros's words very much, and some people echoed: "If you snipe a few more times, those retail investors will no longer have confidence!"

"Haha" everyone laughed.

Then, Soros said: "I want to tell you the good news. The Zurich Group and the First Chicago Bank of the United States have decided to cancel their commitment to subscribe for the issuance of preferred shares by Peregrine. This means that the Asia's largest bank excluding Japan An independent listed investment bank will go bankrupt soon, and the Xiangjiang stock market will face a fatal blow at that time."

Everyone is smiling, this is indeed good news.

……

The next day, Friday.

In the morning newspaper, there was an important news. The Zurich Group and the First Chicago Bank of the United States announced that they had decided to cancel their commitment to subscribe for the issuance of preferred shares by Peregrine.

For a time, Peregrine was obviously very dangerous.

In November last year, Peregrine's cash flow was already in a hurry, and then it approached Zurich Group, hoping that the other party would subscribe for 11% of Peregrine's preferred shares for US$2 million and become the largest shareholder.The Zurich Group is not stupid. The condition given is to send a team to Peregrine, and it will not decide to implement the promise until the financial environment in Southeast Asia is no longer bad.

To be honest, if Liang Botao approached Lin Zuhui at that time, maybe Lin Zuhui would look at the friendship between the two and lend it to Peregrine in the form of a loan.

However, Du Huilian was in charge of the bond business in Southeast Asia at Peregrine at this time, so as a foreigner, Du Huilian was not very familiar with Lin Zuhui, so he didn't immediately think of Lin Zuhui's Bahrain Bank.

"Boss, please see Mr. Liang!" Li Ke said as he walked into the office.

Lin Zuhui was taken aback for a moment, he said what he said, he was not afraid of anything.

"Well, let him come in!"

Soon, Liang Botao walked in.

Lin Zuhui sat down on the sofa with him. After all, others are not his subordinates, at most they can be regarded as his part-time consultants; and Lin Zuhui has hundreds of such consultants.

"Lin Sheng, if Peregrine fails to raise funds this weekend, it will declare liquidation next Monday. So I want to come to you and find a way!" Liang Botao said after taking a sip of tea and hastily put it down.

Lin Zuhui said, "How much does it cost?"

Liang Botao knew Lin Zuhui very well, so he came to ask for help immediately. At the beginning, he also thought about seeking help from Barings Bank, but Du Huilian and others advocated seeking help from Zurich Group.However, it is almost the same to find anyone, and it is very difficult for Peregrine!

"Peregrine has almost US$10 billion in bad debts, but its net assets are only more than US$6 million."

Lin Zuhui said: "How much is Peregrine's market value left?"

Liang Botao said: "Less than 30 billion Hong Kong dollars!"

At its peak, it was 110 billion Hong Kong dollars, which has fallen by more than [-]%, which can be said to be one of the stocks with the worst decline in Hong Kong.

Lin Zuhui thought for a while and said: "In public, if Barings Bank injects capital into Peregrine, it will definitely become the absolute majority shareholder, and Du Huilian and others will be held accountable; to be honest, there is something I like in Peregrine, and that is you This person. Personally, I can personally lend you 3 million US dollars, but you may not be able to save Peregrine, but you will be burdened with huge debts. This is not a good personal choice."

The net debt is more than 3 million U.S. dollars, and the capital injection of 3 million U.S. dollars may not necessarily save it. After all, some assets cannot be cashed out immediately.Peregrine has so many bad debts, and Lin Zuhui has also heard about it: Peregrine held 2 million US dollars in bad debts of bonds held by Asian companies, swap instruments and other bonds also lost 2 million US dollars each, and there was a 2.7 million loan from an Indonesian taxi company that was recovered There is no hope (wanting to underwrite bonds issued by others), and Xiangjiang’s hedging losses add up to nearly US$10 billion in bad debts.

However, Peregrine's assets are only 45-50 billion Hong Kong dollars, and it is obvious that the liquidation is imminent, and there is almost no time left.

Liang Botao thought for a while, and said, "Bahrains Bank should buy Peregrine. Thanks to you, I will work for you in the future!"

After a little comparison, he knew how to choose, and that was for personal benefit.Suppose he chooses personal loans to rescue the company, 3 million U.S. dollars may not be guaranteed, and the consequence is that he has a personal debt of more than 20 billion Hong Kong dollars, and that life will be difficult.

If he works for this man, he can become a billionaire anyway, after all, he knows the salary of Lin Zuhui's executives.

Lin Zuhui nodded, and then made a call to let Octopus Financial Group and Barings Bank organize a team to contact Peregrine immediately.

After putting down the phone, Lin Zuhui said: "It happened to be done this weekend and announced to the public. Now you go back to Peregrine to prepare materials, and the two sides will communicate in detail."

Although he agreed, the procedure still needs to be followed, and 5 million US dollars is worth it; if it is higher, then it is obviously not worthwhile, then let Peregrine go bankrupt, and then make an acquisition.

Peregrine has a few things that Lin Zuhui values ​​very much:

First: the business of investment banking.80% of the stocks of mainland companies listed in Hong Kong (red chips) are underwritten by Peregrine, and 20% of the H shares of red chips are underwritten by Peregrine, so Liang Botao is also called the "father of red chips".

Second: Liang Botao himself.Lin Zuhui has always been not stingy with talents. This kind of talent is worth investing in when he becomes his son's tutor in the future.

Third: The 63% equity of Guangsheng Bank is worth about 16 billion Hong Kong dollars, and it can appreciate in the future.

On the whole, with the acquisition of Peregrine, Barings Bank's Asian business has been greatly enhanced.

Liang Botao nodded, and immediately said: "Okay, I will go back and prepare, and I will definitely give the most favorable conditions! However, I want to ask, how to hold Du Huilian accountable, he should not have made a big mistake, right?"

Lin Zuhui said with a smile: "There must be faults of negligence, so many directors of Peregrine will resign. If Peregrine goes bankrupt, they will not be so easy. The court will definitely investigate their legal mistakes. The consequences will be It's that simple."

Liang Botao nodded. He understood what Lin Zuhui said was very reasonable. As for not mentioning his responsibility, it was obviously to save face.

"Okay, since this is the case, let's go through this level first, and I will arrange it!"

The day.

The Hang Seng Index fell another 350 points to only 10350 points.

The weekend is coming, and it is clear that Xiangjiang investors have no intention of spending the weekend again.Everyone is thinking about whether Monday will penetrate the 10000-point psychological defense.

International speculators wanted to pierce through this line of defense twice, and it seemed that it would be achieved on Monday. Hong Kong investors thought so, and the market sentiment was sluggish.

Chapter 615 [Hold 10000 points]

On the evening of Saturday, Barings Bank and Peregrine jointly announced that Barings Bank injected 3 million US dollars and acquired 51% of Peregrine's equity.

As soon as the news came out, Hong Kong and Kowloon were shocked.

Many people know that it is only a matter of time before Peregrine goes bankrupt. They did not expect that Barings Bank would intervene at the last minute; you must know that Zurich Group hesitated for two months and gave up at the last minute; The courage to announce the capital injection of Peregrine is simply invincible.

Of course, some people also thought that Liang Botao was known as Lin Zuhui's "consultant". Maybe it was because of the relationship between the two that Barings Bank intervened in this matter at the last minute.

And Barings Bank itself is also news. The bankruptcy news three years ago is still a negative teaching material for major financial institutions in the world.But in the three years since Octopus Financial Group took over, Barings Bank once again became the limelight of the world's financial institutions, gaining nearly 10 billion US dollars in the Nikkei Futures Index.

Wherever you fall, you will climb up. This is the impression of Barings Bank.

The impact of this news is not limited to this, and many people have regained some confidence in the stock market on Monday; after all, Lin Zuhui is behind the Barings Bank. I have a certain degree of confidence in the defense of the Hang Seng Index at 10000 points.

……

Sunday.

Soros' assistant walked into his office to inform Xiangjiang of the news.