"How can there be such a large-scale sell-off to cash out? Isn't this going to drive these retail investors to their knees?"
"Mr. Bao, the Hong Kong Governor's Office has already intervened in the investigation and issued a risk warning."
Bao Junyi was shocked and said, "Fuck, this is just a joke."
"Isn't sending a reminder at this time just adding fuel to the fire?"
Qiu Shuzhen asked nervously, "What should we do then?"
"Humph! Tell Yuan Tianfan to stop covering it up and increase his investment in Hutchison Whampoa."
"At the same time, I borrowed HK$2 billion from Hang Seng Bank and Bank of East Asia to buy up blue-chip stocks in Hong Kong and Jardine Matheson Land."
Qiu Shuzhen said worriedly: "Bao Sheng, this is not good. We just signed..."
Bao Junyi interrupted, "The contract doesn't say I can't continue to buy it, right?"
"What's more, Jardine Matheson Land owns high-quality assets and a large amount of land. Buying in now won't be a loss, and it can also be considered helping these Hong Kong investors."
"Bao Sheng, it's great to have you in Hong Kong!" Qiu Shuzhen's eyes were full of stars.
"Stop flattering me and go get Yuan Tianfan."
Bao Junyi looked at Qiu Shuzhen's charming back as she left, and felt a surge of heat in his heart.
Ten minutes later.
Yuan Tianfan entered Bao Junyi's office.
"The Hong Kong stock market is currently volatile, investors are beginning to panic, foreign investors are withdrawing from the market prematurely, and this has even triggered conflicts in Hong Kong prematurely."
Yuan Tianfan said seriously: "Bao Sheng, you are right."
"Currently, Hong Kong is experiencing capital outflows due to low interest rates, a large deficit in its balance of payments, a widening trade deficit, and severe corporate inflation. These negative factors could trigger a premature collapse of the Hong Kong stock market, or even lead to a small financial crisis."
"So, now that most of Hong Kong's blue-chip stocks are priced relatively low, take the opportunity to buy Cheung Kong Holdings, New World Development, Swire Group, Hong Kong Electric, Hong Kong China Gas, etc."
Yuan Tianfan smiled bitterly and said, "Mr. Bao, if we continue with your method of buying, it will cost close to 10 billion Hong Kong dollars?"
"Miracle Finance doesn't have that much money right now. Most of it has been invested in Hutchison Whampoa. The funds raised from the previous share sale with Simon Keswick are not enough to cover such a large-scale acquisition."
Bao Junyi consoled him, "Tianfan, I understand. I'll contact Mitsubishi Bank again and ask for another $1 billion loan. Adding the $1.5 billion I borrowed previously, I'll have a total of $2.5 billion from Mitsubishi Bank. Adding the funds from the previous sale to Keswick, that should be enough to meet my needs, right?"
At this time, due to the devaluation of Hong Kong enterprises, the trade deficit continued to expand, foreign capital fled, and citizens' confidence in the Hong Kong dollar began to waver. The Hong Kong dollar depreciated, and the foreign exchange rate in Hong Kong was 1:6.23, that is, 1 US dollar could be exchanged for 6.23 Hong Kong dollars.
As time went by, in 1983, the Hong Kong dollar crisis occurred and the Hong Kong dollar fell to a historical low of 9.66 to 1 US dollar.
Yuan Tianfan thought about it for a moment before saying, "That should be enough."
"If that doesn't work, we can directly drive the market and bring in more funds."
"However, we only need to support the bottom and stabilize the Hong Kong stock market, and we can also make a little money."
"Bao Sheng, I understand."
…
The next day.
The Hong Kong Stock Exchange opens.
Suddenly, a large amount of buy orders emerged, and the Hang Seng Index directly rose by 4% points. Among them, more than 20 companies such as Hutchison Whampoa, New World Development, Swire Properties, and Hong Kong Electric had their panic declines stopped, and there was even a trend of upward movement.
Moreover, Jardine Land, which had previously fallen sharply, also saw a large influx of buy orders, which slowed down the downward trend and caused it to start fluctuating.
At this time, the Hong Kong stock investors in the Hong Kong Stock Exchange finally felt relieved and no longer had to worry.
The other side.
Located at the headquarters of Jardine Matheson Building in Central.
Simon Keswick said angrily, "Have you found out who is buying large amounts of our group's shares?"
A Jardine Matheson executive lowered his head and said, "According to the Hong Kong Stock Exchange's seat investigation, it was discovered that it was the financial department of Miracle Group that was buying, and..."
"What?"
"Fake, it's only been two days since we signed the contract, and you're buying our group's stock again. What do you mean?"
"Could it be that you want to acquire us in the future?"
The secretary interrupted, "President... President, Miracle Group sent a letter this morning saying they are optimistic about our group's future and plan to buy some shares."
"And..."
At this moment, Simon Keswick's forehead veins bulged, and he shouted, "Speak quickly!"
"He also said, 'Don't be so ugly when eating. This is Hong Kong, not Eagle Country.'"
“Crash!”
"Bang!"
He swept everything on Keswick's desk to the floor, leaving glass fragments all over the floor.
No one at the scene dared to speak. All the Jardine Matheson executives did not dare to look up, with beads of sweat on their foreheads.
"Everyone get out!"
Simon Keswick suddenly remembered and said quickly, "Wait."
"Notify the Ministry of Finance to stop selling previously purchased stocks and contact primary market institutions to ask if they are willing to hold them long-term."
"Yes, President."
Keswick watched everyone leave, his face still gloomy.
He had previously purchased a large number of Jardine Land shares from Bao Junyi, but did not want to privatize and delist, so he could only cash out by selling them. Moreover, most of the funds were borrowed, so he sold them so aggressively.
However, no one expected that Bao Junyi would still have such evil intentions, and the contract did not prevent him from buying it, so now he could only find an agency to sell it to him.
Although the price is certainly not as high as the stock market sell-off, institutions can be selected and the last situation will not happen again.
A few days later.
Miracle Group announced that it had acquired 51% of Hutchison Whampoa shares and achieved absolute controlling stake.
boom!
Hong Kong was hit by another major earthquake, shocking all the citizens.
At this time, Bao Junyi's office was ringing with calls of congratulations.
Yuan Tianfan just stood there, waiting for Bao Junyi to finish his call.
However, no one expected that those who called Bao Junyi would be shocked by each call.
Only now do I realize how high my boss's status is in Hong Kong.
At this time, Hutchison Whampoa headquarters.
Qi Dezun was on the phone, angrily questioning Simon Keswick: "Simon, what do you mean?"
"You actually betrayed your allies and secretly reached an agreement with Miracle Group. Is this how you, the Keswick family, behave?"
Simon Keswick smiled bitterly and said, "There's nothing we can do. Our family's abilities are limited."
"You are also from an old family in Eagle Country. Now our family has declined. In order to preserve Jardine Matheson Land, the locals paid a price to reach an agreement with Miracle Group."
"Humph! Even if you don't want to help, you should at least let me know, right?"
"Haha, we signed a confidentiality agreement with Miracle Group. Otherwise, I would have told you the truth since we are both British-funded."
Qi Dezun sat powerlessly in the messy office, smiled bitterly and said, "It's all over."
"Bao Junyi's ambition is not going to stop at just swallowing up Hutchison Whampoa. The next target will be your Jardine Matheson Group!"
What's more...
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