In Hong Kong, we build a global business empire

In the blink of an eye, three days passed.

Today is June 6th, Thursday.

In the past three days, the stock market was in a very strange situation.

Bank of East Asia was clearly highly praised by the media, but there were a lot of buy and sell orders, and most importantly, the stock price did not go up, but instead fell a lot.

Last Friday, the market value of Bank of East Asia rose to HK$52 billion, setting a new record for the bank and even making it one of the top 10 listed companies in Hong Kong.

However, from Monday to Wednesday this week, the market value of Bank of East Asia fell back to more than HK$40 billion.

This seems a bit inconsistent with the future prospects of Bank of East Asia, which everyone is optimistic about.

The main reason is that Li Peicai's family invested more than 10 million shares in just three days.

Some market makers who received the inside information, as well as several shareholders who followed Li Peicai's family, also followed suit and dumped the stocks.

One can imagine how crazy the stock trading volume of Bank of East Asia has been in recent days.

The trading volume is too large. Even if the future of Bank of East Asia is said to be fantastic, it is impossible for the share price to remain above HK$50 billion. The slow decline is already unexpected.

During these three days, Bank of East Asia has been operating normally. Li Fushu and Li Guobin have both appeared in the company. However, if you are familiar with Bank of East Asia, you will find that there are several more senior executives in the bank.

These senior executives were sent by Ma Shimin from the Jardine Matheson Group. During this period, they were also in the process of handing over the business to the Li family.

Li Peicai's family and Lin Haoran did not fall out, so the two sides were able to connect peacefully.

At nine o'clock in the morning, Hong Kong ushered in another fast-paced working time.

The stock market will open in half an hour.

At this moment, in Li Fushu's office, the father and son were discussing something.

"Daddy, are we really going to crash the market? This will cause the share price of Bank of East Asia to plummet!" Li Guobin was a little hesitant about the plan that was about to be implemented.

"Hui Feng Bank has only given us four days. Tomorrow they will officially declare war on Bank of East Asia. By then, Bank of East Asia's stock price will surely fall. What difference does it make if we run away early or late? If we really believe that Lin Haoran can defeat Hui Feng Bank, there is no need for us to withdraw from Bank of East Asia.

In the past three days, we have sold more than half of the stocks, and the funds we have recovered are more than we thought. From now on, we will sell as much as we can. If we don’t sell, Lao Huang and several other dealers who have already known Huifeng Bank’s plan will definitely sell!" Li Fushu sighed.

"There has to be a lower limit. No matter how much Bank of East Asia is targeted by Huifeng Bank, it is still valuable. We can't sell it without any bottom line!" Li Guobin frowned and said.

Although the selling price in the previous three days made the Li family very satisfied, the funds they have received now are nearly 500 million Hong Kong dollars.

But it is impossible for the stock price to be so high after being sold off later.

"Guobin, when you were leading your team to set up a new bank yesterday afternoon, your second uncle and I discussed it privately. We feel that as long as the price is higher than HK$26 per share, we can sell it. Once it is lower than this share price, we can contact Lin Haoran to see if we can sell the shares to him. Given Lin Haoran's personality, I think he should also be interested in privatizing Bank of East Asia!" Li Fushu said with a smile.

The price of HK$26 per share was actually the price before Lin Haoran took over Bank of East Asia.

Li Fushu chose this price as the lower limit and will not lose money.

Li Guobin pondered for a moment and nodded, indicating that he agreed to the decision.

On Sunday, Li Guobin and Shen Bi discussed matters concerning the Bank of East Asia for the second time, and they finally reached an agreement on conditions that were beneficial to the Li family.

To sum it up simply, the Li family will not interfere in the commercial war between Huifeng Bank and Bank of East Asia. In addition, Huifeng Bank gives the Li family four days to sell their shares. During this period, although Huifeng Bank secretly makes plans, it will not make their plans public.

In addition, after the Li family completely withdraws from the Bank of East Asia, they will immediately establish a new bank. At that time, the newly established Hong Kong Banking Association will need to reserve a board member position for their Li Peicai family.

It seems that the Li family does not have to pay any price in this, but in fact the main purpose of Huifeng Bank is to make Li Peicai's family completely withdraw from the Bank of East Asia.

In Shen Bi's view, the Bank of East Asia without the Li Peicai family was like a bank without a soul.

However, if Li Peicai's family joins forces with Lin Haoran, it will become much more difficult for Huifeng Bank to fight against them.

Therefore, Huifeng Bank finally chose to make concessions.

However, it was impossible to make concessions and wait for the Li family to sell off the properties, so after discussion, both parties finally gave Li Peicai's family four days to sell off the properties.

The Li Peicai family holds nearly 24.34 million shares of Bank of East Asia, and even after financing, it still holds % of the total shares.

Therefore, it is impossible to sell them all at a good price in just 4 days.

However, in the first three days, they successfully sold as much as half of them.

Now, with only one trading day left, they decided to sell off their stocks.

In addition to their Li family, there are several other forces that already know the inside story and are also selling off.

These big forces, especially those in the financial industry, have been in the Hong Kong financial industry for so many years, even for several generations, and have long been aware of the absolute dominance of Huifeng Bank in the financial industry.

Once the Bank officially declared war on a company, its fierce tactics and abundant resources would often leave the opponent helpless. Although Lin Haoran's strength in the Hong Kong business community was not inferior to that of the Bank.

But now they are competing in the banking industry.

Lin Haoran is undoubtedly a rookie in the banking industry.

Under such circumstances, no one believed that Lin Haoran could win this competition.

Even though Lin Haoran was so strong that he even drove away Jardine Matheson, Jardine Matheson had also lost to Bank of Hong Kong before.

Although after Lin Haoran took over Bank of East Asia, the financial business of companies such as the Hong Kong Land Group will serve as a foundation in the future.

However, Lin Haoran's rise has been too short after all. He has not yet gone through a long period of market testing and the baptism of complex games. No one is sure whether he can maintain his current momentum.

As the saying goes, the gun shoots at the bird that sticks its head out. In the eyes of many top Hong Kong giants, Lin Haoran is now the bird that sticks its head out. It seems majestic, but in fact it hides many risks. If he is not careful, he may fail and fall into an irretrievable situation.

Under the suppression of Huifeng Bank, Bank of East Asia's business gradually declined. In this way, Bank of East Asia was equivalent to sharing the same fate with Lin Haoran's industries.

If the capital chain breaks one day, or even the Bank of East Asia goes bankrupt and is sold, then it will be worthless by then!

Huifeng Bank's tyranny has long been deeply rooted in people's minds, making them believe that Lin Haoran has no advantage at all in this struggle, and by then, it might even affect Lin Haoran's other industries.

Li Fushu and others also have the same idea.

Coupled with the pressure from Huifeng Bank, the Li family was forced to completely withdraw from the Bank of East Asia.

Therefore, the Li family now has no intention of keeping any shares in their hands and only wants to sell them all as soon as possible.

If I continue to hold shares of Bank of East Asia, there will be too many uncertainties.

Half an hour later, the four major stock exchanges in Hong Kong officially opened, and the stock trading volume of Bank of East Asia was as huge as ever.

There is both a lot of buying and a lot of selling.

Investors seem to have become accustomed to this rhythm.

As for another stock, the share price of Huifeng Bank has seen a sharp drop in trading volume in the past few days.

Because, in the past few days, Huifeng Bank has not announced any response strategies to the public.

To outsiders, this was Huifeng Bank admitting defeat.

However, the decline was not as terrible as that on Friday.

Even so, the current market value of Huifeng Bank has stabilized at around HK$190 billion.

Even if it loses major clients such as the Hong Kong Land Group, Bank of Hong Kong's financial position in Hong Kong remains unshakable.

Therefore, no one thinks that Huifeng Bank’s market value will continue to shrink significantly and fall from the altar.

After the market opened, Li Peicai's family's private trading team began to sell stocks in a rhythmic manner.

The decline in Bank of East Asia's share price has been within a controllable range.

Although they already had the plan to crash the market directly, they couldn't do it all at once until the very last minute.

The market value of Bank of East Asia has been falling, but the decline is not fast, and occasionally there are even signs of rising.

This is the result of the trading team occasionally deliberately pushing up the price to create the illusion that the stock price is still supported, to stabilize some small and medium-sized investors who are unaware of the situation, to avoid triggering large-scale panic selling, which would cause the stock price to plummet, making it difficult for them to sell the remaining shares at the ideal price.

Time soon came to half past three in the afternoon.

In other words, the stock market still has half a slate left before it closes.

"Sell it!" Li Fushu said calmly to the person in charge in a secret trading office.

More than five million shares were sold today, which means that the Li Peicai family has sold more than 21 million shares in these four days.

There are less than 13 million shares left, so we can dump as many as we can.

Under the operation of the trader, a large number of buy orders were executed quickly.

In just ten minutes, the Li Peicai family sold more than three million shares again. At this point, the shares of Bank of East Asia in their hands were less than 10 million shares.

The share price of Bank of East Asia also remained at HK$26 per share.

The confused stock investors and some big financial forces who were unaware of the inside story were all stunned.

What exactly happened to Bank of East Asia?
Aren’t we all optimistic about the future development of Bank of East Asia?
Why was the market crashed? (End of this chapter)