Chapter 1053 The First Target of Bargain Hunting

On the afternoon of the same day, Yumin Bank Malaysia, the parent company of Yumin Finance, once again sent a representative to negotiate with the Hong Kong government to learn more about the situation of Yumin Finance and Carrian Group in the economic fraud case.

In order to tell the truth to the depositors waiting outside the Hong Kong government as soon as possible, and to end the stock market crash as soon as possible, MacLehose took a very tough attitude, urging the Legal Department and the Hong Kong High Court to sue the Carrian Group and Yumin Finance, and made it clear that they would investigate to the end.

And in order to speed up the efficiency, at the instigation of MacLehose, the Hong Kong High Court also invited the Hong Kong Standard Accounting Firm to join the bankruptcy liquidation team.

Xia Yu received a report from the Standard Accounting Firm for the first time, and he realized that this was the kindness thrown by MacLehose.

This kind of thing that can greatly speed up the bankruptcy and liquidation process of the Carrian Group, and find out the details of the assets of the Carrian Group from the inside in advance, there are many benefits, how can he not accept it?

For this reason, after get off work at night, Xia Yu also specially called MacLehose, chatted about Sun Hung Kai Bank, and promised to let Standard Accounting Firm assist.

Over the next few days, several more big things happened in the banking industry.

The first thing that happened was that HSBC Bank followed suit, and it seemed to show its leading position by laying out 1.2 billion Hong Kong dollars in cash in the center of the lobby of HSBC Bank. The run-off crisis faced by HSBC Bank was instantly resolved.

After learning the news, Xia Yu just smiled and put it aside, and Shen Bi could only rely on this little trick to maintain the prestige of HSBC.

He has been paying close attention to HSBC, but he knows that HSBC still collects all the money, and HSBC has also received financial support from the British parent company HSBC Holdings.

It's just that even though HSBC put out an extra HKD 200 million, it can't hide the fact that it was ranked after Jiuding Bank and Standard Chartered Bank to resolve the storm.

What's more, unlike Jiuding Bank and Standard Chartered Bank, HSBC has been involved with Carrian Group and Swire Group, especially with the huge amount of loans between Swire Group. Anyone with a discerning eye knows that HSBC will suffer heavy losses this time.

Therefore, although HSBC put out 1.2 billion cash to prove its own strength to resolve the crisis of withdrawal, the stock price of HSBC continued to fall along with the broader market. At best, the decline was greatly slowed down.

In addition to HSBC in the banking industry, Xia Yu also learned that Hang Seng Bank and Bank of East Asia are also raising funds urgently, and it seems that he also wants to do something similar to resolve the crisis.

HSBC is only the largest shareholder of Hang Seng Bank, so even if HSBC resolves the run-off crisis, Hang Seng Bank can only alleviate it a little. If you want to solve it completely, you have to rely on yourself, and HSBC has no extra funds to help Hang Seng Bank.

In the past few days, HSBC has lifted the run crisis, but five small banks have declared bankruptcy, raising the number of bankrupt banks in this stock market crash to eight.

The negative impact caused by the bankruptcy of five small banks is no longer inferior to that of a medium-sized bank, and even more negative because of the increase in number.

It can be said that the banking industry in Hong Kong is now completely in a dilemma!

...

The morning of September 7th.

Xia Yu was eating breakfast at home and reading the newspaper from time to time.

When he read from Fengyun Daily that DuPont completed the largest acquisition involving capital in the history of the United States and privatized ConocoPhillips, one of the oil giants, as a subsidiary at a price of US$7.4 billion, Xia Yu Some emotions.

"I am on the rise, and the other consortiums are not idle either!"

"Compared with those old-fashioned consortiums, my Jiuding Consortium is still far behind. Oil has just been involved, heavy chemical industry is still at the door, and the military industry has not yet moved. Most of the companies that have been involved in the field are not strong enough. , can only barely dominate in a region."

"We have to keep working harder..."

After putting down the newspaper, Xia Yu quickly finished breakfast, then packed his clothes, picked up his clothes, and went to the company.

A new week is coming, and his bottom-hunting action should start!

After summoning Liu Tianci, Wang Qi, Jason Gregg and others to the headquarters for a short meeting,

The bottom-hunting operation has officially begun.

At ten o'clock, the stock market reopened after a two-day break.

The Hang Seng Index fell slightly, from 62.75 to 619.23.

Subsequently, as many companies and wealthy people used funds to buy back shares, the Hang Seng Index kept fluctuating up and down.

Many institutions and retail investors who were originally stuck in funds finally saw the light and kept selling their stocks.

As for continuing to hold and wait for the stock price to rise again?

Except for a few confident investors who think so, all other investors and institutions are scrambling to clear their positions and flee.

The stock market crash is not over yet! The bank run crisis is still going on, and many banks have a very high risk of bankruptcy. The future of Heung Kong is still undecided. It is a pipe dream to expect the stock market to rebound in the long run!

The stock market crash in 1973 took six or seven years to recover. How many years can it take for this stock market crash to subside? It is better to get the funds back as much as possible and find other things to do...

At three o'clock in the afternoon, Xia Yu came to Henderson Development Co., Ltd. in a low-key manner, and met Li Zhaoji who was waiting in the office with tea.

"Mr. Li, good afternoon!"

"Mr. Xia, long time no see, please take a seat!"

"Please drink tea!"

"thanks!"

...

After a few simple greetings, Xia Yu took the initiative to raise the topic.

"Mr. Li, since this morning, many companies have started to buy back shares. Henderson Land has far more funds than them. When are you going to buy back?"

Li Zhaoji didn't hide it either, he said with a smile, "Just these two days, I'm not in a hurry."

Xia Yu chuckled: "Yes, you have food in your hands, don't panic!"

Li Zhaoji shook his head and said with a smile: "Mr. Xia, don't laugh at me. Although my Henderson Land Group raised one billion Hong Kong dollars in its listing in June, it also spent a lot of money before the stock market crash. In fact, I don't have much money now. already."

"How can you compare to you, the God of Wealth, there are still billions of dollars in cash piled up in the lobby of Jiuding Bank!"

Xia Yu smiled and said modestly, "It's just luck that there is so much money in the vault."

"Mr. Li, you also know that the bank's funds are highly operating. If I really want to keep idle one billion Hong Kong dollars in my bank, I will have 80 million Hong Kong dollars in interest losses a year."

Li Zhaoji agreed with Xia Di and smiled, and did not bother about this topic any more.

After a brief chat, Xia Yu's face turned straight and he looked at Li Zhaoji solemnly.

"Mr. Li, I'm here to buy something from you."

Li Zhaoji's eyes narrowed, and he pondered for a moment and asked, "I don't know what it is?"

Xia Yu looked directly at Li Zhaoji and said softly, "Your company's equity in China Gas Company!"

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