The bank run on Huahong Bank has been a constant topic of news, especially in financial news reports.
In addition, information leaked from within the bank meant that the reported financial situation was almost in line with the facts.
This further exacerbated the stock market's slump, leading to a surge in the number of people selling their Huahong Bank shares.
Stock prices have been falling again and again.
However, there's still a long way to go to reach the expected results. The two hundred unregistered investors have already completed their transactions, and once the short positions are established, all that's left is to wait for the profits. During this period, the three companies bought and sold, incurring some small losses, but the overall profit is around twenty million.
Don't be fooled by the 20 million profit; the capital used was close to 2 billion Hong Kong dollars. Achieving 20 million in just over a week is already quite impressive.
Looking at the returns of international speculative funds through the backend, there were both gains and losses, with the biggest losses coming from those who were stopped out and liquidated by Xing Baohua.
These are just appetizers; the real battle has not yet begun. They are waiting, and Xing Baohua is waiting too.
What troubled Xing Baohua was that he was trapped in the battle to defend three listed companies, while international speculative capital had the initiative.
While waiting for the three Huahong companies to fall back to their opening prices, international speculative investors made some small profits in various places.
But Xing Baohua could only watch, how painful that must have been!
At this moment, Xie Yingying came to Xing Baohua's side and said, "Boss, just now the secretary of AT&T President Frazier Poulsen called and wants to schedule a time to talk to you."
“Tell him I don’t have time,” Xing Baohua refused without even thinking.
"They seem to know you'll refuse. They said if you refuse, they'll set up a branch in Hong Kong. Whether you become a partner or a competitor depends on whether you meet with them or not." Xie Yingying finished speaking and looked at Xing Baohua. She was actually worried for Xing Baohua. He couldn't spare any time in the stock market and was now facing coercion from the number one US telecom operator.
During this period, if the US were to announce that AT&T was going to open a branch in Hong Kong, Huahong Telecom would face a huge competitor, and its stock price would fall even more sharply.
Xing Baohua put down some reports and documents in his hand, and calmly considered them for a moment. He thought of everything Xie Yingying could think of. The world's largest telecom operator, AT&T, had a history of more than 100 years.
Established and reputable companies, but they come to Hong Kong, a tiny place, how much money can they make?
If you use your brain, you'll realize they're here to extort money from you; their target is Huahong Telecom!
“Set a time for us to meet. I’d like to see how they’re going to try and take advantage of us,” Xing Baohua said.
Huahong Telecom's stock price was stuck in the middle, neither rising nor falling, and AT&T's arrival came at just the right time. Of course, their plan to open a branch in Hong Kong will have a significant impact on Huahong Telecom's stock price.
It would be best if it fell.
If the other party really wants to open a branch in Hong Kong, Xing Baohua can't stop them. What can he do if the world's largest telecommunications company comes to a tiny place to compete with him?
In this area alone, including his Huahong Telecom, there are only three companies. Add AT&T, and that makes four. Of course, the first one mainly uses traditional telephone lines, while the second uses telephone lines plus virtual motorcycle signal lines.
Huahong Telecom specializes in mobile phones, primarily using analog and digital signals, and also offers network cable services.
If AT&T were to enter the market, it would be competing with three companies' businesses. Even if the three companies joined forces, they wouldn't be able to compete.
Even if others come to compete for business, Xing Baohua is not afraid. It doesn't matter if there are more or less competitors; competition is what brings vitality.
Moreover, when Xing Baohua was running Huahong Telecom, many of his operational methods were modeled after those of AT&T in later years.
It is commonly known as matchmaking.
Also known as credit matchmaking.
The vast majority of these were bundled services under phased contracts. At that time, the content services were essentially discounted phone rates. With the advent of mobile phones, they were bound to bundle services; it was just a matter of time.
In other words, you make a down payment on the phone, sign a 24-month (two-year) contract, and pay for their service plan, splitting the costs of the phone and data usage over those 24 months. After the contract expires, you will own the phone.
Later generations also imitated it, but only learned a little bit.
Both AT&T and Vodafone V offer a 7-day no-questions-asked return policy and a trial period. If you feel it's not suitable, you can change your phone or service details.
It's like a batch of grey market phones suddenly appearing in later times, cheap American versions. You'll see the AT&T or Vodafone Verizon logo on the back cover.
This is a bundled device, a used or refurbished phone that someone else has already used.
Bundling sales are something that others have mastered to the highest level, but they haven't implemented it yet. They are service providers and will be responsible for providing services for all models.
There are only a few models on the market right now, but with European brands like Sony, Nokia, Siemens, and Philips, plus Japanese brands, they can completely compete with Xing Baohua's rice.
As for motorcycles, there are no new products yet, but it is said that the second-generation digital technology has been launched and fully supports second-generation digital technology.
With more and more models of aircraft available in the world, AT&T dares to expand globally, acquiring and merging with other companies.
HK is just one starting point.
Xie Yingying arranged for Xing Baohua to meet with the president of First Telecom the day after tomorrow. During this period, Huahong Bank's stock led the decline, not to mention dragging down Huahong Aviation Logistics and Huahong Telecom.
The following day, the Hong Kong Ministry of Commerce issued a notice that the president of First Telecom and his team had come to Hong Kong for an inspection.
It's just a title with no substantial content.
This is enough to make people wonder. What are they here to investigate? It must be that international speculative capital is lobbying them to put pressure on Xing Baohua.
The target is HK Telecom.
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