In the history of the development of the Hong Kong stock market, the famous Carrian Group must be mentioned.
It is even more important to understand its founder Chen Songqing, which is also Mo Zhexuan's ultimate goal of entering the stock market today.
In 1975, Chen Songqing, who couldn't make it in Singapore and Malaysia, returned to Hong Kong to develop his business and used his savings from years of hard work to establish Jianing.
At that time, Jianing was an unknown company, just like the countless small companies in Hong Kong.
But talent is talent after all. Chen Songqing, who has been abroad for many years, is very good at packaging himself.
He packaged himself as the head of a consortium with deep overseas connections, and thus made many connections.
1980 was the year when Jianing became famous all over the world, and Chen Songqing was arranged by the gold medal expert Zhan Peizhong.
It is preparing to spend hundreds of millions of Hong Kong dollars to acquire a listed company - Hanmei.
You have to know that at that time, Jianing was just a small company with assets of less than 10 million.
This moment cast a veil of mystery over Chen Songqing.
At this time, Chen Songqing did obtain support from overseas banks.
If he can calm down and develop Jianing steadily, perhaps it will really be able to occupy a place in Hong Kong in the future.
But Chen Songqing's ambition was too big. He wanted to quickly become one of Hong Kong's super rich.
So when I learned that the world's largest real estate company, Jardine Matheson, wanted to sell the Golden Gate Building, I was instantly ecstatic.
Then he immediately contacted Zhong Zhengwen of Yida Group, a friend and long-time partner.
The two parties then formed a joint acquisition team and offered HK$998 million to acquire the famous Golden Gate Building.
This news instantly caused a sensation in Hong Kong and also made the Carrian Group and Chen Songqing famous overseas.
The Golden Gate Building is known as the most profitable single property transaction in the early days of Hong Kong.
Chen Songqing actually acquired Kinmen and Hanmei simultaneously, which instantly aroused speculation in the media.
It is speculated that Chen Songqing is a big shot with a very powerful background.
At this time, Chen Songqing used a series of means to frantically create momentum, which made the outside world speculate about the background behind him.
Some say Chen is a representative of the Malaysian government agency in Hong Kong.
Some people also said that Chen had a close relationship with the wife of President Marcos of Luzon.
Some people also say that the source of funds behind it is provided by the Polar Bear People's Bank.
The rumor was well-founded and spread from ten to a hundred.
Even false information can become true; this is the power of public opinion.
It also made all the people of Hong Kong firmly believe that Chen Songqing must be a big shot like a government business commissioner.
This is where Chen Songqing's cleverness lies, because he understands it deeply.
If you want to develop your company rapidly in a short period of time, you must fully utilize the leverage of banks and stock markets.
He understood the psychology of bankers, which was that they were willing to lend money to companies with good performance and bright prospects.
So he was frantically creating momentum in the stock market.
This is to show that the Jianing Group has strong capital so that it can obtain more loans from banks.
Later, a real estate company called Infinity copied the same operation as Chen Songqing.
With only 3.9 billion in assets, it actually borrowed more than 2 trillion. Don’t you think it’s outrageous?
Mo Zhexuan knew the history of Jianing Group very well.
Because a month later, news of the Iron Lady's shocking fall came.
Hong Kong's stock market will face a collapse, and the Hang Seng Index will fall from 1,045 points at the beginning of the year to 676 points by the end of the year.
The collapse of the stock market represents the collapse of Hong Kong's economy.
By then, banks will definitely tighten their credit.
This will also cause land and property prices to plummet.
However, Jianing's mainstay is real estate, and Jianing, which is entirely supported by loans, will be shattered.
So this is Mo Zhexuan’s opportunity, which is to short Jianing.
In this way, huge profits can be obtained. It is a pity that Hong Kong has not launched the Hang Seng Index futures contract (launched in 1986), otherwise it would be much easier.
"Mr. Mo! How much money are you planning to invest in the stock market?"
Wang Pengfei had just learned about Mo Zhexuan's information through Liu Zhi who was standing beside him, so he didn't dare to be negligent in the slightest and was very respectful.
"One million Hong Kong dollars!"
Mo Zhexuan peered through the window at the blackboard quotation system in the hall, a unique feature of this era. He found it quite novel and replied lightly. Then he turned around and said solemnly:
"Pengfei! Your Hang Seng Bank Securities Department should offer leverage, right? I wonder how much leverage you can offer?"
Wang Pengfei suppressed the joy in his heart and blurted out:
“We can provide up to 5 times leverage.”
"Then go talk to your manager now and tell him I want a 10x leverage."
"Okay! Then you can have some tea first, I'll be right there."
After waiting for a while, Wang Pengfei came over with two men with a respectful look.
The middle-aged man walking in front is obviously the leader.
He naturally exudes an aura with every gesture.
The eyes behind the thick lenses revealed a shrewd look.
With a bright smile on his face:
"Mr. Mo! I'm Li Guowei, the general manager of Hang Seng Bank. You want to apply for 10x leverage, which I can agree to. But I want to know what stocks you plan to buy next?"
Mo Zhexuan was also shocked. He didn't expect that the middle-aged man in front of him was Li Guowei.
This is a real big boss.
He has served as a member of two councils, chairman of the board of directors of the Chinese University of Hong Kong, chairman of the board of directors of Hang Seng Bank, and other important positions. He is a truly powerful figure in Hong Kong.
This chapter is not finished yet, please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
