The Son of Finance of the Great Age

  Chapter 379 The despicable richest man

  IPOs listed in Hong Kong belong to the registration system, that is, they can be listed after applying for registration on the Hong Kong Stock Exchange. Basically, the exchange and the Stock Exchange Commission will not set up too many obstacles. In the final analysis, the matter of listing and financing is purely a wish between listed companies and ordinary investors, and it is none of other people's business to lose or make profits within the allowable range of the rules.

  It needs to be explained that in some countries, the behavior of going public can turn into an audit system, which has a deep way to go, and there are more tricks to operate. For example, if a company with poor qualifications wants to go public, it will definitely fail the review, then they may go to public relations in crooked ways, and those who hold the official seal will make a fortune, and the unlucky ones may be shareholders.

  In the case of the registration system, this phenomenon may also exist, but tracing back to the source, the root cause of this unlucky event for shareholders lies in the immaturity of the shareholders, and has nothing to do with corruption.

  So in a mature capital market, generally speaking, the money invested in the capital market is handed over to professionals, such as fund managers. They have professional vision and judgment. If a company’s qualifications are not good, then they may not choose to buy the company’s stocks at the beginning of listing. There are many stocks that have not been traded on the Hong Kong Stock Exchange for many years. It's complete rubbish.

   It is precisely because of the existence of such stocks that people sometimes say that the stock market is a casino.

  In any case, members of the Stock Committee do not agree with Peregrine’s practice of transferring high-quality assets. They are all social celebrities, and they shoulder the credibility and prestige of the Hong Kong Stock Exchange. Naturally, they cannot agree to this approach.

  After listening to the opinions of the stock committee members, Ren Yigang was silent for a while, and said worriedly: "If this is the case, will it have an impact on the Hong Kong stock market in the short term, or even affect its foundation?"

"If we agree, that will be the basis for truly affecting the Hong Kong stock market!" A sharp-tongued middle-aged woman immediately retorted loudly, "This precedent cannot be set. If it is because Peregrine's brokerage firm is If the one with the largest trading volume sets this precedent, how can we stop this behavior of transferring core assets in the future? According to my opinion, as long as there is such a company that has transferred core assets or business precedents, our Hong Kong Stock Exchange will not It should be listed here!"

Her name is Luo Meijuan, and she is the vice-chairman of the Stock Committee. Although her name is very delicate, she is decisive in doing things without showing any sympathy. Highest.

  Although the HKMA is similar to the Central Bank, it must also fully consider the opinions of the Stock Committee in this respect. Seeing that the other party has released such strong words, Ren Yigang naturally couldn't insist on anything, so he nodded with a smile.

In fact, there was an e-commerce company that was listed on the Hong Kong Stock Exchange for seven years, and when it was finally delisted, the stock price and the issue price were basically the same, which means that the shareholders who invested in this company spent seven years in vain. , endured the loss of interest rates and inflation, and finally failed.

  Not long after the e-commerce company delisted, a big news came out. The founder established a new company and transferred his core business. This matter was aroused at the time. Although the newly established company is still under the banner of this e-commerce group, the list of shareholders has quietly changed, and the largest shareholder of the previous company has nothing to do about it.

  The founder was ambitious and proposed to re-list the integrated group again, but this time the Hong Kong Stock Exchange ruthlessly rejected him. Because of the previous notoriety and the fact that the founder of this company wanted to control the entire board of directors with a small part of the shares through the adjustment of the shareholding structure, the proposal was not approved by the Hong Kong Stock Exchange. In the end, the company did not able to re-list in Hong Kong.

Being able to make the company's largest shareholder do nothing about his transfer of core assets, the founder naturally has a huge thigh. This kind of government-business collusion is naturally despised, so that the boss has been scandalized since then. In the end, although the founder gained a lot in wealth and once became the number one man on the wealth list, he ended up in jail in the end.

  Back to the topic, the fate of Peregrine has been decided in this way, and it should be liquidated as soon as possible.

  …

   "Why are they still continuing to attack the Hong Kong dollar?"

  On the evening of January 9th, in the trading hall of Tianyu Fund, watching the Hong Kong dollar figures on the screen continue to decline, Ma Jiarui said depressingly. But when he turned his head, he found that Zhong Shi was looking at his mobile phone with a tired face, so he said angrily: "Zhong Sheng, what do you think these people are thinking? According to your logic, they have successfully forced the HKMA to On the one hand, the interbank lending rate has been raised, and it stands to reason that they should accept it as soon as it is good, so why are they still selling wildly in the Hong Kong dollar market?"

"How do I know?" Zhong Shi replied weakly with drooping eyelids, "According to what you said, it makes sense. But what happened last time, don't forget that the Hang Seng Index was cut off in the middle, and its market value was 100%. It has fallen by two-thirds, how much has it fallen now, even if their short positions have doubled from last time, I am afraid they will not be satisfied."

"You mean?" Ma Jiarui was taken aback, and immediately thought of something, "You mean they are not satisfied with the current income at all, so they continue to attack the Hong Kong dollar? In other words, before they fail to meet their expectations, they all Won't you stop?"

"I don't know that either!" Zhong Shi spread his hands and said helplessly, "They have used such a large sum of money, so they naturally want to obtain satisfactory results on the Hang Seng Index. One more day of delay will increase their costs." Millions, or even tens of millions of dollars. If nothing else, just say that tomorrow and the day after tomorrow are enough to make them feel uncomfortable."

   This time Ma Jiarui didn't speak. He tilted his head and thought for a long time, and finally nodded in agreement.

   However, the tranquility did not last long this time, and soon Ma Jiarui couldn't control the doubts in his heart, and asked puzzledly: "Aside from continuing to push up the lending rate, will they have other tricks?"

"I don't know about that either!" Zhong Shi sighed, feeling a little impatient, "But if it was me, I'm afraid it's already prepared, maybe it's already being implemented now. What will it be? Let’s wait and see when the market opens on Monday. I said, don’t watch the market anymore, the Hong Kong Monetary Authority will definitely not let the exchange rate of the Hong Kong dollar fall to 7.75, otherwise the world will really be in chaos.”

"Don't forget, "Fortune" magazine once said that after Hong Kong's return to the motherland, after only four years of prosperity, it will definitely decline. Now that the year has not yet come, so many things have happened, think about the reasons behind Well, there must be political wrestling factors in this, and when it reaches that level, I'm afraid it's not something you and I can intervene in."

  "Fortune magazine?" Speaking of this, Ma Jiarui's eyes suddenly lit up, "Zhong Sheng, according to your current net worth, you should be the number one rich man in Hong Kong, right? Maybe the entire Asian region is number one!"

  "Fortune" (Fortune) is a magazine founded in 1929, which specializes in serving the world's large industrial and commercial enterprises, and mainly publishes research articles on economic issues. Its ranking list of the world's top 500 companies launched in 1954 had a huge impact and soon became the focus of attention of the economic circle.

  Ma Jiarui naturally didn’t think of these industries. Tianyu Fund’s main business is finance, and money is used to make money, which has nothing to do with industries. What he thought of was "Forbes", a competitor of "Fortune" magazine. This magazine was founded in 1917 and has a longer history than "Fortune". It is a media that reports business news, especially focusing on the news of entrepreneurs themselves. The Global Billionaires List launched by it in 1982, like the Fortune Global 500 list, has a significant influence on a global scale.

  The two magazines have different styles. The former focuses on the enterprise itself, while the latter focuses on the people in charge of the enterprise. Therefore, after Zhong Shi mentioned Fortune, Ma Jiarui quickly thought of the list in Forbes.

"The richest man?" Zhong Shi smiled noncommittally, "This is not a good title! Although Hong Kong's Gini coefficient has always been within the normal range, even so, there are still rumors about real estate hegemony from time to time. Some people are still not very cold, and there are a lot of scolding behind their backs, so I don't have to fight for these false names."

"Besides, the statistics of "Forbes" are mostly based on the market value of the listing, or preliminary estimates. Our company is basically closed to the outside world, and even a few outside investors will not easily disclose our situation to the outside world. , so even if they know a little bit, in line with strict principles, I am afraid they will not announce it to the public."

"But?" Ma Jiarui was a little anxious, "If you can appear on this list, it will be much easier for you to do a lot of things, and your personal reputation and influence will be several levels higher than now. Maybe Her Majesty the Queen will give you A knighthood!"

  As a person who grew up during the colonial period of Hong Kong, Ma Jiarui still has a natural yearning for the so-called honors awarded by the Queen of England. Although Hong Kong has returned to the motherland now, the high society in Hong Kong is still eager to be honored by the Queen of England.

  Generally speaking, the Queen will only award honors to those who have made outstanding contributions to Hong Kong, and ordinary people will be officially awarded the title of "Justice of the Peace". But if Zhong Shi can lead Hong Kong to successfully fight against international hot money, and he is the richest man in Hong Kong, I believe the Queen of England will not be stingy with such a small knighthood.

"What's the use of wanting these?" Zhong Shi looked at Ma Jiarui with a strange expression, and asked back in puzzlement, and then he laughed and broke Ma Jiarui's thought, "You want me to fight against international hot money as the richest man?" I really don’t know why you have such a despicable idea. I don’t dare to provoke such a character, and I don’t want to. Don’t really think that those big guys know nothing about these things. The contest on this level is definitely not you I can intervene, understand? But if there is an opportunity to intervene, I will not miss it." He pointed his finger at the sky, and looked at Ma Jiarui winkingly, and then regained his listless appearance.

  At first, Ma Jiarui felt a little guilty when Zhong Shi broke his mind, but when he heard the next few words, Ma Jiarui's eyes lit up. After he lowered his head and tasted Zhong Shi's words carefully, he felt that there was a lot of meaning in them. When he raised his head and was about to ask something, he found that at some point, Zhong Shi had stood up, shook his head and walked towards the door. It seemed that he was not going to stay up late to watch the tape, and wanted to go back to rest early up.

   "I'm despicable? Why do I think you're a hundred times more despicable than me!" Seeing his leaving back, Ma Jiarui's expression changed for a moment, and finally heaved a long sigh, thinking with emotion. However, since Zhong Shi had hinted that the time had not come, he could only wait patiently. After lighting a cigarette, he walked slowly to the window, looking at the brightly lit Victoria Harbour, the changing lights projected on his ancient and calm face, and he didn't know what he was thinking.

  …

Shortly after the opening of the European and American session, the Hong Kong dollar rose rapidly. This was intentional by the Monetary Authority. They wanted to control the trend of the Hong Kong dollar on this day. Because there were too many buying Hong Kong dollars during the day, the Hong Kong dollar exchange rate The exchange rate of the US dollar once rushed to the level of 1 US dollar to 7.7399. But soon, the counterattack of international speculators came like a tide, and soon they fought hand-to-hand with the HKMA, and started a fierce confrontation at the position of 7.74.

   Due to the two-day respite, the HKMA did not insist too much, and gradually retreated while confronting the selling side. It’s just that this strategy was quickly misled by the market, thinking that the HKMA may have insufficient funds. Immediately, many institutions on the sidelines of the market also joined the ranks of short-selling, and the Hong Kong dollar exchange rate fell one after another. After the HKMA reacted and increased the support again, it was too late. In the end, the exchange rate of the Hong Kong dollar to the U.S. dollar fell to the level of 1 U.S. dollar to 7.7494 Hong Kong dollars on this day, almost giving up all the decline two days ago.

Soon, the Monetary Authority began targeted actions. Although it was late at night in Hong Kong, they still notified major commercial banks as soon as possible to raise the lending rate to 50%, which is 60% of the annual interest rate. interest rate.

Based on a guaranteed loan of US$1 billion and the highest exchange rate of 7.75, international speculators sold 7.75 billion Hong Kong dollars. In two days this weekend, they will have to bear an interest rate of 25.834 million Hong Kong dollars (360 days), using this cost to force international speculators to close their positions as soon as possible , The Monetary Authority has finally won a victory in the game with international speculators.

  Although in just two days, the HKMA has consumed close to 10 billion US dollars of foreign exchange reserves, which shocked the HKMA when they saw this figure. Therefore, Ren Yigang only hesitated for a moment, and then decisively approved the plan to increase the lending rate. If it were not for the consideration that the higher lending rate would have a major impact on Hong Kong stocks on Monday, the Monetary Authority could raise the lending rate again. After all, they had raised the lending rate to 300% before.

   PS: The novel is just a novel. I hope that readers will not combine it with today’s current affairs news and think wildly, hahaha. BTW: Thank you for making me think about it, drawing a knife and cutting off the fuel, and the magic dragon and war ghost for voting for the monthly ticket! Thanks for the secretive monthly pass and the reward! Thank you for your continued support~

  (end of this chapter)