Reborn as a tycoon in Hong Kong
Chapter 331 Unexpected Visitor
It takes some time for Hutchison Whampoa to mobilize funds, so after the stock market opened in the afternoon, there was no funds to buy back shares.
There were no large sales orders in the stock market at midday, and it was clear that there was no action on the short side.
Therefore, the stock market at noon is determined by the market, at least for the time being, and the stock price fluctuates between HK$20 and HK$25.
Apart from paying attention to the stock market at the beginning, Lin Baicheng stopped paying attention after discovering that short sellers did not sell in large quantities. He only asked people to report to him after major changes in the stock market.
Lin Baicheng, who had not left Hutchison Whampoa's office, received a surprising visitor at about 2:30.
Shen Chow, a senior manager at HSBC Bank, came to Hutchison Whampoa without contacting him in advance, saying he wanted to visit Lin Baicheng.
When Lin Baicheng learned about this, he was very surprised. He didn't understand why Shen Zhou came to visit suddenly, and what he was going to do under the current circumstances.
No matter what Shen Chou's purpose was, it was impossible for Lin Baicheng not to meet Shen Chou even once. He entertained Shen Chow in the office.
"What's the matter with Mr. Shen's visit this time?"
"I mainly want to talk to Lin Sheng about HSBC's reduction of its holdings in Hutchison Whampoa."
"Taipan had already made a call before reducing its holdings. The shares belong to HSBC. HSBC was worried that Hutchison Whampoa's stock price would not be able to support its holdings and wanted to reduce its holdings. I can understand that."
Lin Baicheng was polite with a fake smile. Although Shen Zhou called him in advance before HSBC made the announcement in the morning and told him about it, he was still very angry and unhappy. But again, the shares belong to HSBC. If HSBC wants to reduce its holdings in Hutchison Whampoa, Lin Baicheng has no choice but to do something about it, unless he is also willing to undercut HSBC's stock price, which is obviously impossible.
However, although this is HSBC's own business, Lin Baicheng is still dissatisfied with HSBC's reduction of holdings. Since then, HSBC is no longer a shareholder of Hutchison Whampoa. Lin Baicheng has decided to let Hutchison Whampoa's future bank-related business be as much as possible with Galaxy Bank. Cooperate with Bank of East Asia and others.
Since HSBC did not stand by Hutchison Whampoa and Lin Baicheng at the critical moment, why did Lin Baicheng hand over more business to HSBC? Unless you need a large loan, or your foreign trade business needs settlement in London, etc., you have no choice but to contact HSBC.
If you don't look for HSBC's business, you won't look for HSBC in the future. Since HSBC is in the first year of junior high school, don't blame Lin Baicheng for being in the fifteenth grade.
"Lin Sheng, although HSBC is free to buy and sell shares, HSBC has a lot of business dealings with Hutchison Whampoa. Logically speaking, it should support Hutchison Whampoa. However, HSBC also has difficulties this time and has no choice."
Shen Porridge sighed and said in a deep voice: "The British-owned families who are shorting this time include a large number of British-owned enterprises in Hong Kong. They have united to put pressure on HSBC, asking HSBC to provide loans to Hutchison Whampoa like Standard Chartered, but HSBC If you refuse, what you can do is to be neutral and not help each other."
"But later, when Hutchison Whampoa had a large amount of funds, the short sellers had no choice but to put pressure on HSBC again, asking HSBC to reduce its holdings of Hutchison Whampoa's shares. The directors could not withstand the pressure and had no choice but to sell all their shares and liquidate the company."
"But don't worry, Lin Sheng. No matter what, HSBC will not extract loans from Hutchison Whampoa like Standard Chartered did. I can assure you, Lin Sheng, that this kind of thing will never happen."
Shen Cong blamed everything on the British family, as if the final reduction of HSBC's shareholding was not the decision of the HSBC board of directors.
"Short sellers will do anything to short-sell, including asking the IRS to inspect Hutchison Whampoa's accounts, asking the General Administration of Customs to seize Hutchison's ships, and using public equipment for private use. HSBC is also a victim."
Lin Baicheng sighed and nodded slightly. He certainly didn't mean to forgive HSBC when he said this. He just said that if he wasn't ready to break up, it was good to know some things well, and there was no need to say them out loud.
Just like Lin Baicheng seems to understand HSBC now, he will still ask Hutchison Whampoa to hand over some business to other banks and minimize cooperation with HSBC. This is the price HSBC must pay.
"Well, when I think about the scene when they put pressure and threats on me, I get very angry."
Shen Porridge said this very sincerely, because he really felt angry about it, and he always remembered the shame in his heart.
"There is no need to be angry in Taipan. I believe their short selling will not succeed. They will suffer huge losses and will always turn to HSBC in the future."
Lin Baicheng expressed relief, but in his heart he thought that if the stock price rose, HSBC would lose money, and his intestines would be filled with regret. When he thought of such a scene, he felt very happy. Who made HSBC not choose to side with him? It deserved to lose money!
"If that happens, HSBC's shares will be sold at a loss, and we will have to seek compensation from them."
Shen Zhou said fiercely, but he was shocked in his heart. If this happened, HSBC would suffer huge losses this time. For a total of 60 million shares, for every HKD higher than the average selling price of HSBC after the stock price rises, HSBC will lose HKD 60 million, which is definitely not a small sum.
The two of them chatted for a few more words with the same hatred.
After that, Shen Porridge talked about something else: "Lin Sheng, no matter what, the reduction of HSBC's holdings this time is HSBC's fault. I know you will be very dissatisfied, but I still hope that it will not affect HSBC and Lin Sheng in the future." Cooperation. This time it was HSBC’s fault, so in future cooperation, HSBC will make some concessions, which can be regarded as HSBC’s compensation to Lin Sheng.”
"Since Taipan said so, I won't be polite."
Lin Baicheng accepted the so-called profit transfer with a smile and said: "Don't worry, Taipan, I will continue to cooperate with HSBC in the future. Unlike Standard Chartered, who did such a cruel thing as withdrawing loans, I have decided to return all private loans to Standard Chartered and Let Hutchison Whampoa litigate with Standard Chartered, and at most we can just repay the loan to Standard Chartered afterwards.”
“Standard Chartered has indeed gone too far!”
Shen Porridge's heart trembled, but on the surface he nodded in agreement. No matter what Lin Baicheng said, it sounded like he was trying to scare the tigers and scare the monkeys. But as long as HSBC wants to continue to cooperate with Lin Baicheng in the future, this 'warning' must continue.
After the two chatted for a while, Shen Porridge said goodbye and left.
"I'm a cousin and want to build a memorial arch!"
After Shen Zhou walked out of the office, Lin Baicheng couldn't help but sneered. After HSBC stabbed Hutchison Whampoa in disguise, it still wanted him, Lin Baicheng, to cooperate with HSBC as always. It was too good to be true. How could he agree?
Shen Cong actually knew that it was impossible for Lin Baicheng to cooperate with HSBC as usual, but he came anyway in order to ease the relationship between the two parties and maintain the possibility of continued cooperation in the future.
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