Reborn as a tycoon in Hong Kong

Hong Kong Stock Exchange.

The trading floor was extremely noisy today, with constant shouts and screams.

Because the news of the financial fraud of the Jianing Group was published before the stock market opened, any investor who reads the news will know that Jianing Group has suffered huge negative consequences.

Therefore, after the stock market opened today, Jianing Group opened directly lower with a 20% drop, and also fell quickly after the opening.

As of yesterday's close, the market value of Jianing Group was just over HK$2.9 billion. It is an important component of the Hang Seng Index. In Hong Kong, there are only more than 30 listed companies with a total market value of more than ten digits, and more than 20 There are less than 20 companies with a market capitalization of HK$100 million.

These listed companies with a market capitalization of over HK$1 billion are important constituent stocks of the Hang Seng Index.

I don’t know whether it was the Hong Kong stock market that had risen too much before, or the impact of the sharp decline of the Carnegie Group on the Hang Seng Index, or the financial fraud of the Carnegie Group that caused investors to worry about other stocks.

Anyway, after the share price of Jianning Group fell sharply at the opening, the Hang Seng Index also fell sharply. Most stocks fell, and only a dozen or so stocks rose, and the increase was not large.

The Hang Seng Index fell sharply and the vast majority of stocks fell, which means that the stocks purchased by the vast majority of investors have fallen. Basically, everyone has lost money, and they have lost a lot, and the mood of stock investors has naturally become unstable.

Fortunately, Jianing Group quickly issued a clarification announcement, saying that there was no problem with the company, allowing the plummeting stock price to recover a lot. Although it still fell by nearly 30%, it was not as terrifying as the previous cut in half, which gave investors some relief.

Along with this, other stocks also rebounded a lot, and the Hang Seng Index also rose, giving investors a little relief.

However, there was evidence of financial fraud in Jianing Group, and today's market conditions were not good. Therefore, after rebounding to a certain extent, the Hang Seng Index began to fall again. But this time it fell slowly, not as scary as the previous cliff-like fall.

As long as the investors who did not cut their flesh and leave the market during the previous rebound, their losses will only become larger and larger in the subsequent downturn.

If you lose too much money, you will feel uncomfortable, and then you can't help but curse.

This is also the fundamental reason why the trading floor is so noisy today.

As the market closes in the morning, there are only ten minutes left.

At this moment, Jianing Group, which was followed by the vast majority of investors, suddenly experienced a cliff-like plunge. The stock price fell by about 1% in one change, which made people dizzy and unable to react.

"Don't worry, this is an adjustment, a technical adjustment!"

Some investors who hold shares in the Jiani Group loudly comforted other investors who also held shares in the Jiani Group, and at the same time they were comforting themselves.

Under the eyes of a large number of investors, three minutes is only a short period of three minutes.

The market value of Jianing Group has plummeted from its original market value of HK$2.2 billion to HK$1.1 billion, which was cut in half.

At the lowest point, the market value of Jianing Group was only HK$1.06 billion. However, after this price, funds began to take over, so it quickly rebounded to above HK$1.1 billion.

However, after rebounding to a market capitalization of HK$1.1 billion, the share price of Jianing Group neither rose nor fell sharply, but the trading volume was very large. Obviously, there was a large amount of funds selling, but there was also a large amount of funds buying at the bottom.

Obviously, there are funds to gamble on the stock of Jianing Group.

Compared with yesterday's closing price, the share price of Jianing Group has dropped by about 60%. With such a large drop, funds will naturally enter the market to rebound.

What's more, the major shareholders who suffered the biggest losses due to the sharp fall in the share price of Jianing Group are not sure whether any major shareholders will step in to stabilize the company's share price at this time and prevent the shares in their hands from continuing to depreciate.

"Ah!!!" "My money, give me back my money!!"

At this time, the investors who had suffered heavy losses in holding Carining stock realized their situation and wailed loudly.

In just a few minutes, no one would be able to accept the value of their stocks being cut in half.

If you were a stockholder who held Jianing shares before today, your losses would only be greater.

Calculated based on the market value of around HK$2.92 billion at yesterday's closing price, the current market value of Carining Group is only about HK$1.1 billion, a drop of more than 60%, a quite terrifying drop.

If someone held Carin stock with a market value of HK$10,000 yesterday, the remaining stocks in his hand are now worth less than HK$4,000, directly losing more than half a year's salary of ordinary Hong Kong citizens.

This is still only buying stocks worth 10,000 Hong Kong dollars. If you buy more, you will lose more.

“The chairman of Jianing Group was taken away by the police!”

Not long after, a voice shouted out why the share price of Jianing Group plummeted again.

According to media reports in the morning, Jianing Group was only involved in financial fraud. Whether it was financial fraud has not yet been determined. Therefore, although the stock price fell sharply, the drop was not terrible. The fundamental reason is whether the financial fraud of Jianing Group is true or not. uncertain. If it is false, then the current falling stock price will definitely rebound later. There is an expectation here.

But it’s different now. Chen Songqing, the chairman of Jianing Group, was taken away by the police. In the eyes of the outside world, this means that Jianing Group’s financial fraud has been confirmed. It’s unclear how many problems there are. The only thing that can be certain is that Jianing Group is not worth that much money, and the current stock price is still high.

The big funds who knew the news in advance were naturally the first to run away.

What's more, there are malicious short-selling funds here, taking advantage of the sharp decline to sell short, suppressing the stock price, and causing the share price of Jianning Group to be cut in half in just a few minutes.

"Run!"

Someone shouted, this was not about running away after doing something bad, but about running away from the stock of Jianing Group.

After learning the reason for the sharp drop in the share price of Jianing Group, many investors immediately sold their stocks and left the market. Although you will lose a lot of money if you sell it now, at least you can get some money back and not lose everything.

Of course, there are investors who sell stocks, and of course there are investors who don't sell stocks. Just because the stock price of Jiali Group has fallen too much compared to yesterday's closing price, these investors have chosen to lie down and bet on Jiani Group. The stock price will rebound later.

However, in the end, more investors chose to sell their stocks. With the participation of a large number of retail investors, the market value of Jianing Group could no longer be sustained at HK$1.1 billion and slowly fell towards the market value of HK$1 billion.

Three minutes before the market closed in the morning, the funds that had started buying bottoms below the market value of HK$1.1 billion could no longer support it. Carining's stock price fell rapidly, directly falling below the market value of HK$1 billion. By the close, only 930 million was left. The market value of the Hong Kong dollar.

In just one morning, the market value of Jianing Group fell from more than 2.92 billion Hong Kong dollars to 930 million Hong Kong dollars, evaporating nearly 2 billion Hong Kong dollars in market value.

However, even so, the Jianing Group, which still has a market value of HK$930 million, is still one of the higher market value listed companies in Hong Kong, ranking around 50 among the listed companies.

After the morning trading ended, many people cursed Jianing Group and Chen Songqing in the trading floor.

Needless to say, the investors who bought the shares of Jianing Group, the fundamental reason why Jianing Group’s stock price fell sharply was the company’s financial fraud, that is, the chairman Chen Songqing’s financial fraud. Many people are afraid that they even want to kill Chen Songqing now. .

Those investors who did not buy the shares of Jianing Group were also scolding Jianing Group and Chen Songqing.

The reason is very simple. After the reason for the sharp drop in the share price of the Carining Group came out, many people chose to sell their stocks. The Hang Seng Index and a large number of stocks were implicated, and they fell directly to the early lows.

As a result, a large number of investors lost money, and the culprits responsible for all this were Jianing Group and Chen Songqing. If they didn't scold these two, who else could they scold.

…

Galaxy Financial Building.

After Lin Baicheng learned that the police had taken Chen Songqing away from Jianing Group, he immediately asked Qin Lan to contact Asia Star Media Group and asked the media under Asia Star Media Group to work overtime to spread the news throughout Hong Kong at noon.

Later, Lin Baicheng called Henry and prepared to express his gratitude to him. Although the other party helped him out of profit, but the other party accomplished the matter and did it beautifully, then he not only had to express his gratitude verbally, but also found time to treat the other party to a meal later.

However, Lin Baicheng failed to contact Henry until more than ten minutes later, Henry took the initiative to call.

Lin Baicheng was very happy: "Henry, I got the news. Chen Songqing was arrested by you. Your police did a great thing for the people of Xiangjiang. The media will definitely report your police's achievements in this incident."

"Serving the citizens of Xiangjiang is what our police force should do."

Henry replied with a smile, and then said: "Lin Sheng, there is something I need to tell you."

Lin Baicheng said: "Henry, tell me."

Henry said in a heavy voice: "When the Commercial Crime Investigation Bureau was dispatched, I held a high-level meeting, and it was a closed meeting to avoid calls from people who I and other high-level police officers could not refuse. . The meeting just ended not long ago, which is why you couldn't contact me before, and my staff told me that during the closed meeting, many 'big people' called me."

"Are they Chief Executive Shen of HSBC and Chairman Caesar of Jardine?"

Lin Baicheng was not surprised when he heard this, and immediately thought of Shen Zhou and others. They had just taken over the shares of Jiani Group from Hutchison Whampoa, but something happened to Jiani Group immediately, causing the value of their shares to be severely reduced. It is strange that they were not in a hurry.

"Not only them, but also some members of parliament and other high-level officials of the Hong Kong government."

Henry expected this result, so he said: "Lin Sheng, I used the closed meeting to deliberately avoid their calls. Next, I will definitely return a call to them. I hope you understand this, Lin Sheng."

"Henry, I understand what you mean. Don't worry, I understand your difficulties and won't make it difficult for you."

Lin Baicheng never thought about letting Henry carry him to death. Let's not talk about whether Henry would agree. Even if he agreed, there was no way he could do it.

Even though Henry is the Commissioner of Police, there are many people in Xiangjiang who can control him. If that doesn't work, there is still the British side. With the energy of HSBC and British capital, when the need arises, Henry can be dealt with through the British. This is the Commissioner of Police.

"Thank you Lin Sheng for your understanding."

Henry felt relieved after hearing this. He didn't want to get into trouble with Lin Baicheng, but he couldn't take huge risks to help Lin Baicheng bear the pressure from all parties, so Lin Baicheng understood that it was the best result.

Lin Baicheng asked: "Henry, Mr. Shen and the others must want you to release him. Will you release him directly?"

"Of course it won't."

Henry immediately said: "However, in the absence of obvious evidence, I will detain Chen Songqing for a maximum of 24 hours. It may not even be that long. It mainly depends on whether there is a strong person in the middle who will come forward and ask me to release him. However, if a commercial crime investigation I will investigate the evidence and confirm that the financial fraud of Jianing Group is real, then I can keep Chen Songqing in custody until he is brought to court."

"If the evidence is conclusive, I don't think many big shots would be willing to be involved with such a person. Even Shen Daban of HSBC and others would choose to give up on him."

The most important thing is whether there is definite evidence. If there is evidence, then Henry will have the confidence to hold on to all parties.

"Henry, what I can tell you is that the evidence of financial fraud of Jianing Group is all true. You, the police, only need to verify it." Lin Baicheng said immediately.

Henry listened and said: "As long as the evidence is true, it's fine, but it takes time to verify the authenticity of the evidence. I'm worried that something will happen in the meantime. In the end, I have to let Chen Songqing go. I want to inform you about this, Lin Sheng."

"If we really have to, we can only let Chen Songqing go temporarily."

Lin Baicheng reminded: "However, you police should be careful not to let him escape Xiangjiang."

Henry solemnly said: "Don't worry, Lin Sheng. Even if I release him, I will restrict him from leaving Xiangjiang."

"That's good."

Lin Baicheng was relieved after hearing this. In fact, he had already thought about it. If Chen Songqing escaped from Xiangjiang by smuggling, he would arrange for his mercenaries to bring Chen Songqing back to Xiangjiang.

Since Chen Songqing dared to offend Lin Baicheng, Lin Baicheng would not let Chen Songqing have an easy time. More importantly, Lin Baicheng wanted to kill him as a warning to others, so that all walks of life in Hong Kong could see the methods of the young richest man, and let everyone see the consequences of offending him, so that they would not dare to offend him easily.

Why did Chen Songqing dare to offend him this time? In the final analysis, it was because Lin Baicheng was too young and his time to make a fortune was too short. Chen Songqing didn't think Lin Baicheng would do anything to him, so he dared to offend him.

If Lin Baicheng had dealt with a rich man or a large company with harsh means before, Chen Songqing would never dare to offend him easily because of the lessons learned from the past. Even if Chen Songqing is still close to HSBC and British capital, he will not stand up against Lin Baicheng's "one country, two systems" remarks, which is obviously difficult for him to get along with Lin Baicheng.

Therefore, it is still very important to have a feared reputation.