Rebirth of the Strongest Tycoon
Chapter 1049 Xia Yu knife cuts the exchange
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"Norman Shi Yahuai is in the hospital?"
Hearing the explosive news brought by Wang Qi, Xia Yu looked inexplicable, and the news surprised him.
"I heard that the company's stock price plummeted, triggering the cordon of HSBC's mortgage loan. Norman Shi Yahuai couldn't bear the blow and passed out on the spot at Swire Financial. Many employees of Swire Financial witnessed him being transported away on a stretcher. ."
"The specific situation is still being confirmed."
"But I guess the news can't be faked."
"Because of this negative news, the stock prices of Swire Holdings and other companies have fallen sharply."
Wang Qi replied solemnly.
Xia Yu said with a chuckle: "Norman Shi Yahuai fainted at an untimely time, he gave himself a knife, even if he wakes up and knows the situation, he doesn't know if he can withstand the blow and whether he will faint again... "
Wang Qi couldn't help but smile and said, "It's hard to say. If he wakes up late, the situation of Taikoo Group will be more serious, I'm afraid he can't bear a more serious blow."
Xia Yu smiled and didn't bother about Norman Shi Yahuai.
He looked solemn and said to Wang Qi: "It was originally conservatively estimated that the Hang Seng Index would drop to around 650 points next week at the latest, but today we got two assists, the bank bankruptcy and Norman Shi Yahuai's fainting. It can definitely fall to 650 points this week, and the trough is likely to be lower."
"The Taikoo Consortium and the Carrian Group can't turn over, so we have to be ready to buy the dips."
Wang Qi nodded heavily and replied, "Okay, I'll reorganize the preparations to make sure nothing goes wrong."
"Um!"
...
As the soul of the Swire Consortium, Norman Shi Yahuai's fall was a devastating blow to the Swire Consortium.
Xia Yu will not show mercy because Norman Shi Yahuai has not woken up.
Under his instructions, in the afternoon, the detailed debt situation of the Swire Group and the Shi Yahuai family was circulated, and the news that the Swire Group was insolvent was also widely circulated in the market.
Norman Shi Yahuai did not wake up until the stock market closed that afternoon.
However, the market value of Swire Holdings has fallen to HK$2.86 billion.
The market value of Swire Warehouse Company closed at more than 700 million Hong Kong dollars.
The market value of Swire Lines closed at more than HK$920 million.
As for Taikoo Industrial Group, because Jiuding Securities Company did not rush to raise funds, Song Bo was also informed by Xia Yu not to interfere too much, so the market value fell to more than 1.34 billion Hong Kong dollars.
Rao is that the market value of these companies has fallen to such a degree that it is still a relatively high price-earnings ratio in the entire stock market.
After careful calculation, compared with the market value of the Hang Seng Index at more than 1,800 points, the market value of Swire Pacific Group has only shrunk by about six layers.
The market value of companies such as Swire Warehouse has shrunk by less than half.
When the stock market closed on Wednesday afternoon, the Hang Seng Index had fallen to a trough of 662 points, down nearly two-thirds from when it was more than 1,800 points.
If we compare it according to the decline of the Hang Seng Index, the market value of Swire Pacific Group is barely suitable for HKD 2 billion.
Not to mention that because of Norman Shi Yahuai's series of loan operations, the debt ratio of Swire Group is much higher than that of other companies in the Hong Kong stock market, and the market value has dropped to 2 billion Hong Kong dollars, which is still very high for it.
Closer to home, that afternoon, there was another small episode, that is, another small bank declared to file for bankruptcy, which made the entire banking industry even more panic.
Half past six in the evening.
Xia Yu and Li Qian arrived at MacLehose's house on time and were warmly welcomed by MacLehose and his wife.
This is the second time Xia Yu and Li Qian have come to MacLehose's house.
"Mr. Xia, please have some tea."
After a polite greeting, Xia Yu and Li Qian sat on the sofa together, and MacLehose's wife poured a cup of tea for Xia Yu.
"thanks!"
...
Simply drink tea and chat,
Half an hour passed in a flash, and the sumptuous dinner was ready. The MacLehose couple greeted Xia Yu and Li Qian to share dinner.
After dinner, MacLehose's wife left with Li Qian as the last time, leaving the living room to the two men to talk about things.
After MacLehose took a sip of tea, he sighed and said, "Mr. Xia, today is September 3, and there is not much time left for my term."
"Thinking about it carefully, I came to Hong Kong in 1971, and an unprecedented stock market crash broke out in less than two years. The economic and social order of Hong Kong suffered a huge impact and destruction. The period when the stock market crash broke out was my most tormented day. But I got through it."
"In the past nine years or so, I feel responsible for the people of Xiangjiang, and Xiangjiang has become more and more prosperous in my hands."
"But I didn't expect that at the end of my political career, when Hong Kong successfully restored prosperity and surpassed its achievements before 1973, another stock market crash broke out, destroying the prosperous Hong Kong to such a degree."
"This is an unprecedented blow for me, who is already 64 years old."
"Can you imagine how I feel?"
The whole time he spoke, McLehose's eyes were fixed on Xia Yu.
Xia Yu could really feel that MacLehose was showing his true feelings.
Of course, Xia Yu also saw a meaning in MacLehose's eyes that seemed to see through the world - I know you played a big role in this stock market crash.
Xia Yu was not surprised. As the governor of Hong Kong, MacLehose must know more than the average person.
What's more, this stock market crash started because Jiuding Securities Company gave up the competition with the Taikoo Consortium as the starting point, and it really had an inseparable relationship with him.
Xia Yu said with emotion: "Mr. Governor, I can understand your mood."
"I also know that this stock market crash has something to do with me. I apologize to you for this."
"But the main responsibility for this stock market crash is not with me. Even if I didn't fight with the Taikoo Consortium, the stock market crash this time will still happen. Maybe it won't be as violent as it is now, but the final outcome will not be better than it is now."
MacLehose invited Xia Yu over tonight, not to question Xia Yu, but to ask him for help.
And he really wanted to know how Xia Yu viewed this stock market crash. If he could find all the reasons from Xia Yu, he would be able to deal with it in a targeted manner.
"Mr. Xia, what do you think caused the stock market crash that only happened in Xiangjiang this time?"
"Mr. Governor, my think tank has analyzed the reasons for the stock market crash..."
The answer to this question, Xia Yu had basically told Wang Ping before, and now that MacLehose asked, he explained it with ease.
In Xia Yu's story, the battle between him and the Taikoo Consortium was just an incomplete introduction. The signs of the stock market crash appeared when the Banking Association raised interest rates.
The most critical reasons for the outbreak of the stock market crash are that there is a problem with the economic structure of Xiangjiang itself; the securities market is not standardized enough; the mainland's position on the future of Xiangjiang is three.
The disillusionment of the Carrian Group's fraud myth and the resulting bank bankruptcy are two important reasons for the stock market crash to become more serious.
After listening to Xia Yu's remarks, MacLehose suddenly became enlightened, and his resentment towards Xia Yu dissipated a lot.
The reason has been found. MacLehose has some confidence in reducing the losses of this stock market crash, and also feels that it is a wise choice to invite Xia Yu over tonight.
He solemnly asked Xia Yu, "Mr. Xia, in your opinion, how far will this stock market crash reach its trough?"
Xia Yu thought for a while, and said uncertainly: "It's hard to say, it depends on the severity of the consequences of the banking crisis. Today, three banks have collapsed, and there are many more banks that have been dragged down by the Carrian Group. These banks are also on the verge of bankruptcy."
"And there are also many banks associated with the Swire Group. I didn't expect the Shi Yahuai family to be so crazy and make the Swire Group carry such a high debt. Now the Swire Group and the Shi Yahuai family are definitely unable to repay their debts. If this drags down some banks, then The problem will be more serious."
"It is not impossible for the Hang Seng Index to fall below 500 points!"
The last sentence, Xia Yu is mostly intimidating MacLehose. Anyway, it is uncertain, as long as he is not too outrageous.
If he really made a move, it must be his credit that the Hang Seng Index did not fall so low.
After listening to Xia Yu's words, MacLehose showed remorse and said with a sigh: "If I say that, I also have a responsibility. I shouldn't have approved so many bank licenses in a batch two years ago, which will lead to the ability to resist risks. There are so many weak small banks."
Xia Yu comforted: "Mr. Governor, you don't have to blame yourself. It has nothing to do with you. Even without these small banks, the Carrian Group will find other banks for loans, and the debt pressure will be transferred to other established banks."
MacLehose laughed at himself and didn't bother about it any more.
After he cleaned up his emotions, he solemnly said to Xia Yu: "Mr. Xia, now the only person who can save the stock market crash in Xiangjiang is you. I hope you can stand up and help me and all the citizens of Xiangjiang. busy."
With such a high hat on Xia Yu's head, Xia Yu could not back down, nor did he want to back down.
He said solemnly: "Mr. Governor, Xiangjiang is my hometown. As a member of Xiangjiang, it is my duty to contribute to the economic development of Xiangjiang."
MacLehose said gratefully: "Mr. Xia, thank you!"
"Mr. Governor, I don't know where you want me to start?"
After Xia Yu asked the question, MacLehose immediately replied: "The most critical thing now is the bank run and collapse crisis. The three banks that have collapsed are still small banks, but if the next one is the collapse of a medium-sized bank or Dah Sing Bank, then the problem is will be more serious.”
"I hope Jiuding Bank can give them enough financial support when these banks are about to lose their support."
"As for the bank that was dragged down by the Carrian Group..."
Speaking of this, MacLehose was silent for a long time. He didn't have any difficulties, but sighed and said, "If there is still value in saving, save it, and I will do something special to let you receive it at a low price or even free of charge. If there is no saving. Value... just let them go bankrupt."
This requirement is not excessive.
Xia Yu nodded and said, "That's fine, I'll do my best."
MacLehose showed a smile and thanked Xia Yu: "Thank you!"
Just after thanking, the living room fell silent, neither MacLehose nor Xia Yu said a word.
Continuing the silence was a bit embarrassing, Xia Yu thought about it and said to MacLehose: "Mr. Governor, the reasons I just mentioned, the banking crisis can be solved, and the economic structure of Xiangjiang is also being solved, it just takes a certain amount of time. Only the Yuen Long Science and Technology Industrial Park can be effective, and the most important issue is the order of the securities market, which is the basis for determining the ceiling of the Hong Kong capital market.”
"This must be resolved as soon as possible."
MacLehose frowned slightly and asked uncertainly, "Mr. Xia, what are your thoughts?"
Xia Yu narrowed his eyes and revealed his true purpose: "The efficiency of the merger of the four institutions is too slow, and they are still fighting each other. According to this progress, if you want to truly build a perfect stock exchange, there are no five or six. It won't happen in years."
"Li Fuzhao and others are too selfish and lack a sufficient view of the overall situation. They are not the ones who succeeded."
"I think this matter should be re-planned from the level of the Hong Kong government, and let the capable people do it!"
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