Xing Baohua said irritably, "I'm just a little weak, there's no need for me to take so many supplements!"
"You do so much mental work during the day! It's normal to feel a little weak."
"Then I might as well eat some walnuts to nourish my brain. By the way, the old Chinese medicine doctor also said to eat more almonds and walnuts. Go buy me some later."
While Xing Baohua was chatting with Jin Xin, the trader informed Xing Baohua that there had been changes in the market.
It's not targeting Xing Baohua's three listed companies, but rather the large-scale purchases by international speculative capital of more than a dozen companies that were favored last week, including listed companies owned by the Huahong shareholder family.
Foreign capital is a major force, and it basically buys up the circulating shares in a sweeping manner.
Today marks a new record for Hong Kong stock market turnover, with both the turnover amount and trading volume increasing.
Xing Baohua could only watch helplessly.
Calculations show that international speculative capital currently accounts for about 55% of their total funds invested in the stock market.
That's equivalent to throwing in over seven billion US dollars.
At this point, the best decision is to wait and see. As soon as Xing Baohua reaches out to save the listed companies of the shareholders, the other party will know as soon as Haina's main account moves, and may be waiting for Xing Baohua to make a move.
The unregistered account had just repurchased shares from the main account that morning, tying up a significant amount of funds. Were they planning to use it as a surprise attack? At this point, helping someone also depends on one's capabilities. The unregistered account had less than a billion yuan, and even if it was spread out, it wouldn't be easy to save it.
He was quite worried, but luckily he had called ahead to give them a heads-up. With that in mind, Xing Baohua then checked the prices offered by Huahong Bank.
Then I called to ask how much liquid capital the bank could currently mobilize.
Upon learning that HK$8 billion could be mobilized, Xing Baohua hung up the phone.
After making phone calls to several shareholders and discussing the matter, Xing Baohua instructed Huahong Bank to issue a notice stating that it could provide each of the board members of Huahong Group with HK$10 billion in support if needed.
The real Huahong Bank couldn't even scrape together 10 billion from a single entity, but that didn't stop them from spouting nonsense.
Support is a form of assistance, but it is not; it belongs to tactics and strategies.
Of course, Xing Baohua's real purpose was to use an insider within the bank to spread the word, letting those with ulterior motives know that Huahong Bank didn't actually have that much money to support their shareholders.
As a result, Huahong Bank's stock price will definitely fall.
The three stocks have now risen, although it's been forced up, they haven't actually reached their strategic price levels.
The opening price must be close to what Xing Baohua wanted to achieve his goal, which would also leave him with a lot of room to maneuver.
Around 3 p.m., someone spread the news that Huahong Bank simply didn't have that much money, and that the entire bank would have a hard time coming up with 5 billion yuan. If there were large sums of money to be transferred, they wouldn't be able to fulfill their obligations.
If the loan cannot be honored, the foundation of Huahong Bank will be destroyed, as all the money lent out belonged to the people of Hong Kong.
Within half an hour of this announcement, queues appeared at Huahong Bank's headquarters and two branches.
They all came to withdraw their money before getting off work.
This is the mindset of ordinary people; how much money do they even need?
Huahong Bank has ample liquidity, and it can generally meet their needs unless they encounter extremely large amounts of cash.
Of course, large amounts of cash require an appointment, and currently the number of people queuing to withdraw cash is generally in the tens of thousands.
The bank's three windows were instantly reduced to one.
They also increased security to prevent any disturbances.
The processing speed at one window is slowed down, just to delay the time, since it's almost closing time anyway.
Who isn't in a hurry to withdraw money? Who knows if your bank has any money? The sooner you withdraw it, the sooner you'll have peace of mind, right? But turning three windows into one is just plain annoying, isn't it?
The insults continued, and many people were emotionally charged.
The bank staff came out to explain that the other two windows were VIP windows for priority service.
However, the staff also told everyone withdrawing cash not to make a fuss and to keep quiet. The bank was working overtime until 10 p.m. to try to make sure everyone could withdraw their money. The armored truck that was supposed to be picking up cash near closing time was also transferring cash from the vault to this side.
Worried about not being able to withdraw money? No problem, Hua Hong Bank makes an exception and works overtime to let people withdraw money. If the cash at the counter is not enough, they will immediately transfer more.
In fact, there isn't much cash to begin with, especially in banks like Xing Baohua's, where 70% of the turnover is handled through checks and other means, which are linked to businesses and involve very little cash.
The remaining 30% is used to maintain small storage customers who occasionally withdraw a few thousand or tens of thousands of dollars.
With so many people withdrawing money, the vault doesn't have enough cash to go around, so we have to rely on exchanging cash. There are so many banks in Hong Kong, does anyone have some cash to help us exchange?
It's actually similar to exchanging for change.
All the banks in Hong Kong provided cash support to Huahong Bank. They had to give them face, and besides, it wasn't a loan; they had already provided the funds.
Once the news is released, the meaning changes.
Huahong Bank urgently withdrew cash from numerous banks, specifying the exact amount and details. What's most infuriating is the misinterpretation of the information, claiming that the withdrawn cash could sustain a bank run for three days.
If you want to withdraw the money again in three days, you'll have to wait.
Huahong Bank has been trying very hard, and many people withdrawing cash have noticed. But they still couldn't stop the disturbances. Three or five people caused trouble, and the bank security guards removed them and called the police to handle the matter.
The next day, negative news about Huahong Bank continued to circulate, and its previously rising stock price fell again.
The remaining funds in the blacklisted account were used to short Huahong Bank.
Before Huahong Aviation Logistics crashes, I'll liquidate all my positions with any small profit and be ready to short Huahong Telecom or increase my short position in Huahong Bank.
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