Rebirth 76: Industrial Internet Empire

Following Zhukenmiller's order, selling orders surged out again, and the Hang Seng Index was once again pushed back below 6800 points. The bulls and bears were engaged in a fierce battle around 6800 points!

The attention of the global capital market is attracted to Hong Kong, with tens of billions of dollars of capital flowing in every day, all trying to get a share of this fierce long-short battle.

Friday, April 8.

Soros, who has been unable to conquer the foreign exchange market for a long time, has opened up a fifth battlefield in the bond market after the stock market, stock index futures, property market, and foreign exchange market.

Soros' attack was directed at one-year real estate 100 bonds. International speculators borrowed a large number of one-year real estate bonds from multinational commercial banks such as Citibank, Deutsche, and JPMorgan Chase and sold them in the bond market.

Under the frenzied attacks of international speculators and with rumors of an imminent collapse of the real estate market rampant, the one-year real estate bond fell below its net value in just half an hour.

By the close of the morning market, with the 100 real estate bonds falling below the 90 yuan mark, various bonds in the bond market were selling like crazy.

In the afternoon, after receiving temporary authorization from the SAR government, the Hong Kong Monetary Authority invested HK$30 billion in the market to protect the market...

However, under the crazy attack of international hot money, 30 billion Hong Kong dollars is really a drop in the bucket. The bond market has shown a unilateral trend of strife. Panic markets trampled on each other and fled. The real estate 100 bond fell below 70 Hong Kong dollars, which means that a piece of real estate with a face value of 100 yuan Bonds can be bought for only HK$70. It depends on whether you dare to bet that after the financial crisis, these real estate companies that borrowed debt to maintain operations will still be there?

The plunge in real estate bonds quickly spread to the property market. In the vast city of Hong Kong, residential transaction volume fell to single digits.

Rumors that the real estate market is about to collapse continue to spread to the stock market. As a heavyweight in the Hang Seng Index, the real estate sector has seen a flood of selling.

Under Zhukenmiller's conscious guidance, the collective plunge in the real estate sector once again crushed investor sentiment, and panicked investors began to flee for their lives regardless of the cost...

"Peace, no matter what method you use! You must stabilize the stock price of the real estate sector. You can buy whatever they sell..." Yang Mo said in a deep voice.

The situation has deteriorated to this point, and there are no tricks left. Everyone knows that international hot money and local capital, which have been holding on to the sidelines, will become the last straw to crush both the bulls and the shorts. They will not do anything until the last moment. Take action.

Among these wait-and-see orders, there are many well-known investment banks such as Goldman Sachs and HSBC...

Qianhai Asset Management spent billions of Hong Kong dollars to barely hold on to the mutual stampede of the real estate sector at the last moment of the afternoon closing.

In this day's confrontation, international speculators almost achieved a complete victory. With only more than 100 billion Hong Kong dollars in funds, the Hang Seng Index was firmly suppressed near 6750 points.

In sharp contrast, various parties led by the Hong Kong Monetary Authority and Zongheng Investment spent nearly 300 billion Hong Kong dollars to put out the fire, but were unable to fight back.

…………

After the market closed, the SAR government held urgent interviews with major real estate developers, and Yang Mo and Guo Kexin were also invited.

Conference Room of the District Supervision Bureau, Hopewell Centre, 183 Queen's Road, Wan Chai.

"All of you here are senior bosses of the Xiangjiang real estate industry. We invite you here today for only one purpose, that is, the Xiangjiang real estate industry has reached the edge of collapse. Are there any eggs under the collapse? I hope you can all work together in the same boat. , join hands with the SAR government and the Hong Kong Monetary Authority to save themselves and buy back the stocks of their own listed companies..." Ren Zhigang's heartfelt remarks did not resonate with everyone.

These real estate tycoons, including Li Chaoren, watched Xu Shu enter Cao's camp without saying a word...

Ren Zhigang's mouth was dry when he said it. Some real estate developers started to act like squeezing out toothpaste and agreed to buy back their own stocks. They quoted a repurchase figure of only HK$2000 million, which made Ren Zhigang have the urge to curse. What the hell are you doing? They are all real estate companies worth tens of billions, and they are fooling me with a buyback of 2000 million Hong Kong dollars?

Ren Zhigang looked at Yang Mo with pleading eyes. He really didn't want to talk to these profit-seeking real estate tycoons anymore...

Yang Mo then stood up and said with a smile: "To be honest, I don't agree with Director Ren convening this symposium. Everyone is very busy, and convening it should not have any effect. There is a saying in China that disaster is imminent. Flying separately, facing the attacks of international speculators, it is indeed difficult for you to buy back your own stocks..."

Ren Zhigang was dumbfounded when he heard this. Who the hell are you from?

Yang Mo changed the subject and said: "Director Ren, all of you here are well-known bigwigs in the real estate industry. We still need to protect their image. We cannot let investors know that they have done nothing in the face of the siege of international speculators. Right? How can the companies under their names win a reputation among the citizens of Xiangjiang in the future? How can they maintain the dignity of justice of the peace? So be it! Give the media the number they plan to buy back their own stocks today and publicize it well. After all, this is Is it also a manifestation of social responsibility?”

Guo Kexin burst out laughing.

Yang Mo glared at her and continued: "We also understand, especially senior real estate industry bosses like Li Chaoren, who are different from profit-seeking capital companies like us, are also involved in the commercial retail industry, and reputation is very important to them. Yes, Director Ren, I still want to trouble you to contact the media and promote the glorious image of Xiangjiang real estate industry bosses who dared to take responsibility in the face of the raging financial crisis and worked together to turn the tide!"

“As the organizer of this symposium, the Bureau of Land Supervision, I suggest that these socially responsible companies should also be given preferential treatment in future land auctions and approval documents. At the same time, the SAR government and the Monetary Authority should also coordinate with various major Banks should provide some help to the real estate industry that is unable to participate in self-rescue operations due to problems in the capital chain. Otherwise, rumors of being unable to repurchase the shares of its own listed companies due to a broken capital chain will spread, which is no joke..." Yang Mo said sincerely with a harmless smile on his face.

"Mr. Yang! This is a naked threat. We all know that the HKMA and your vertical investment, and the long-short game with international speculators on the Hang Seng Index futures, are going on at the most critical moment. To say so much is nothing more than I just want everyone to take a bullet for you..." Because Yang Mo bluntly called his name, Li Chaoren retorted with some displeasure.

Yang Mo chuckled and said: "Mr. Li, you and I have met several times, and Yang Mo has always been polite to you, right? Where can I start with a naked threat? If I really want to do this to you, Pressure should also be to lobby the Land Supervision Bureau, hoping that they will issue new real estate management regulations, and land that has not been developed within the specified period will be taken back and re-auctioned, so as to combat the hoarding of real estate developers and curb unscrupulous businessmen from making huge profits..."