In Hong Kong, we build a global business empire

Chapter 624: The enemy helped a lot and sold out all the stocks!
Although Huifeng Bank promised Lin Haoran that it would no longer use public opinion to deal with Bank of East Asia.

However, Bao John was very confident that if he manipulated some rumors to spread among the citizens, Lin Haoran would definitely not be able to find out.

Even if they knew, there was no evidence to prove that it was Huifeng Bank that did it.

In his view, the field of public opinion is like a foggy forest where truth and falsehood are difficult to distinguish. As long as one acts in secret and does not do things openly, it will not be considered a breach of contract.

Bao John's proposal immediately caused heated discussion in the conference room.

A glimmer of excitement flashed in the eyes of some senior executives, who felt that this was an excellent opportunity to counterattack, which would not only make Lin Haoran suffer, but also allow Huifeng Bank's stock price to continue to rise sharply.

As professional executives of Huifeng Bank, the rise in the company's stock price can be regarded as one of their performance results, which is directly related to their salary and bonuses, and they can also be more confident when reporting to the shareholders' meeting.

Some senior executives were also worried about whether Lin Haoran would have any backup plans or countermeasures. After all, he was able to become the richest man in Hong Kong in just three years and drove Jardine Matheson out of Hong Kong. He was definitely not an ordinary person.

However, they have not yet found out what special plans or measures the Bank of East Asia has in place to deal with the crisis.

After voting by all senior executives, Shen Bi finally made the final decision and decided to adopt Bao John's proposal.

So, after the meeting, they began to take action.

Some are responsible for supporting the market and raising prices, while others are responsible for secretly manipulating rumors.

In short, the current senior management of Huifeng Bank cannot see what capabilities their competitor, Bank of East Asia, has that could cause a sharp drop in the share price of Huifeng Bank.

Therefore, they believed that the reason why Galaxy Securities dared to short Huifeng Bank was because Lin Haoran was confident in attacking Huifeng Bank through the media.

After all, they already knew that Galaxy Securities started its short-selling plan yesterday afternoon.

By the evening, Lin Haoran was forced to promise not to report the negative information about Huifeng Bank through the media anymore.

Therefore, they decided to teach Lin Haoran a profound lesson.

Want to short sell Huifeng Bank and cause its share price to plummet?

Then we at Huifeng Bank will let you, Lin Haoran, know that the financial market in Hong Kong is not a place where a Chinese like you can act recklessly!
So, before the stock market opened, rumors among citizens that Lin Haoran had to admit defeat again spread rapidly through the streets like a plague.

This shows that Lin Haoran has lost again in the competition with Huifeng Bank.

What does this mean? Of course, it means it is good news for Huifeng Bank!

So, as soon as the stock market opened, Huifeng Bank's share price began to rise continuously.

Among them, there were those who supported Huifeng Bank and raised the price, there were also investors who wanted to buy low and sell high, and there were more who were followers.

In just one hour after the opening, the market value of Huifeng Bank increased from around HK$210 billion at the closing of the previous day to HK$230 billion.

This is almost the same as the market value of 238 billion at Huifeng Bank's peak period.

After losing the financial business of Hong Kong corporate giants such as Hong Kong Land Development, Hong Kong Electric Group and Hong Kong Telephone, Bank of Hong Kong's own market share has been reduced significantly.

Now, it has suddenly risen back to HK$230 billion, which is obviously too high.

However, with Huifeng Bank personally stepping in to support the stock price and many shareholders, market makers and investors believing the rumor in the market, and seeing with their own eyes that Oriental Daily was forced to stop reporting on Huifeng Bank, all this seemed to have injected a shot in the arm for the rise in Huifeng Bank's share price, making them more convinced that Huifeng Bank would soon regain its strength.

The top executives of Huifeng Bank were immersed in this false prosperity, and John Bao was even more carried away, boasting about his "achievements" in the office, as if he had trampled Lin Haoran and Bank of East Asia under his feet, and that there was no possibility for Bank of East Asia to recover.

Time passed quickly and it was twelve o'clock, which meant that the stock market temporarily entered the lunch break.

Kangle Building, Galaxy Securities Company Office.

At this moment, including Ma Shimin, Lin Haoran, and Allen, are all among the general managers.

As for Dai Shi, he is currently borrowing stocks from more Huifeng Bank shareholders and securities firms.

"Boss, we have sold all the 7.8% of Huifeng Bank shares we borrowed yesterday and received HK$17.6 billion. I didn't expect that the transaction volume of Huifeng Bank today would be so large. This is a great opportunity for us!

Judging from the trading volume in the stock market, our team guessed that the reason why Huifeng Bank's trading volume was so large was that, in addition to some bad rumors about us in the market, the most likely reason was that Huifeng Bank personally stepped in to support the market and raise the price of Huifeng Bank, which was why we sold the stock so easily." Alan sighed as he reported.

In one morning, the total stock transaction of Huifeng Bank reached 20 billion Hong Kong dollars, most of which were sold secretly by them. This also benefited Galaxy Securities Company. They easily sold all the Huifeng Bank stocks borrowed yesterday in just one morning.

Even though it is the largest stock in Hong Kong, under normal circumstances, the stock trading volume of Huifeng Bank in a whole day would be good enough to reach several hundred million Hong Kong dollars.

The transaction volume in the morning alone today was as high as HK$20 billion, which shows how exaggerated the stock trading volume of Huifeng Bank is today.

To support the market and raise prices does not mean just blindly buying to push up the price, but requires precise grasp of timing and skillful use of funds to create buying support at key price points, take advantage of the market's following psychology and herd effect, use relatively less funds to leverage greater trading volume, and thus push the stock price up in the direction they expect.

Therefore, those who actually bought HSBC Bank's shares were more shareholders and some investment banks, rather than HSBC, the stock puller.

Of course, Huifeng Bank's base is too large, and if they want to boost the market, they will have to pay a lot of money.

"Okay, we have to sell the borrowed stocks as soon as possible. Otherwise, once Huifeng Bank receives the news and knows our subsequent plans, it will not be so easy for us to operate the market!" Lin Haoran laughed.

This was the first good news he had heard since early in the morning.

Ma Shimin also smiled.

They all knew what Bank of East Asia's next plan would be, and they were naturally aware that the share price of Huifeng Bank would definitely plummet next.

Originally, they were still worried about how to quickly sell the borrowed stocks and convert the stocks into cash. Unexpectedly, Huifeng Bank actually gave them an assist, allowing them to easily sell the borrowed stocks at a very good price.

“In addition, I just received accurate information from Citibank. As of this morning in Hong Kong, Citibank has successfully reached cooperation with the consortium, securities firms and some shareholders that hold shares of Huifeng Bank in the United States and Europe, and successfully acquired a total of 12.5% ​​of the shares.

Previously, Mr. Dai had negotiated with Citibank, requiring them to borrow these shares while selling them through the London Stock Exchange, Paris Stock Exchange and New York Stock Exchange. At present, nearly a quarter of the shares have been sold, and the funds in the account are approximately HK$7.5 million.

If we sell all the shares, as long as the share price of Huifeng Bank does not fluctuate too much in the near future, Citibank estimates that we can raise about HK$30 billion in funds.

However, I also learned that Citibank has already found all the relevant shareholders in Europe and the United States, and they have all agreed to lend securities, which means that we will no longer be able to borrow more Huifeng Bank shares in the European and American markets." Allen continued to report.

In addition to being listed on the four major stock exchanges in Hong Kong, Huifeng Bank is also listed in many places overseas, including the London Stock Exchange, the Paris Stock Exchange and the New York Stock Exchange.

At first glance, 12.5% ​​of Huifeng Bank's shares may seem like a large amount, but after being distributed to several major stock exchanges such as London, Paris, and New York, the proportion it occupies in each exchange is actually not particularly eye-catching, and is not enough to immediately cause excessive alertness and reaction in the market.

It is worth mentioning that yesterday Lin Haoran arranged for several overseas mainstream media to release negative information about Huifeng Bank. Since these markets are not Huifeng Bank’s home markets, Huifeng Bank has limited visibility in these regions.

Therefore, the impact of these negative news on the share price of Huifeng Bank was actually not as great as expected.

The reason why Huifeng Bank is so afraid is that if this continues for a long time, the negative news will snowball.

Even though the impact on overseas markets is currently limited, once peers with a keen sense of smell notice something unusual, it will be difficult for Huifeng Bank to develop in overseas markets in the future.

Therefore, Shen Bi and other senior executives of Huifeng Bank were so eager to stop Lin Haoran from continuing to expose the negative information about Huifeng Bank overseas.

On the other hand, in Hong Kong, Shen Bi and others had the Governor-General's Office as their backer, so they were not so worried.

In their view, even if citizens have opinions about Huifeng Bank, they dare not speak out, and eventually they still have to go to their Huifeng Bank to handle financial business.

Lin Haoran nodded. 12.5% ​​in Europe and the United States, plus the 7.8% that Hong Kong had settled yesterday, this was equivalent to a total of more than 20% of Huifeng Bank's shares that they had borrowed.

Short selling is that simple. After all, as long as the shareholders are willing to lend, everything is not a problem.

Although it was a pity that Europe and the United States could no longer borrow more shares, Lin Haoran was already very satisfied.

"How many shares of Huifeng Bank can Dai Shi borrow in Hong Kong in the future?" Lin Haoran asked immediately.

"Boss, Mr. Dai is currently negotiating with a securities firm and two investment banks. These three institutions together hold approximately 5.3% of Huifeng Bank's shares.

We failed to reach an agreement with them yesterday because these three institutions had no intention of holding shares for a long time. When the share price of Huifeng Bank fluctuated so much yesterday, they were also worried that the share price would fall sharply and even had the idea of ​​selling, but they did not sell in the end.

However, the share price of Huifeng Bank has risen sharply today. Mr. Dai told me that these three institutions are currently optimistic about the future of Huifeng Bank and are likely to hold it for a long time, so there is a great chance that this deal can be concluded!" Allen continued to report in an orderly manner.

Lin Haoran nodded. By this calculation, the number of Huifeng Bank shares he could borrow for shorting the bank was not a small number.

He had previously borrowed 7.8% in Hong Kong, and Citibank helped him borrow 12.5% ​​in Europe and the United States. If he could take over the 5.3% held by these three institutions, then the shares of Huifeng Bank he borrowed this time would account for as much as 25.6% of the total shares.

This is definitely not a small number.

Next, if he could sell it at a high price smoothly, he would definitely make a lot of money this time. Thinking of this, Lin Haoran smiled with satisfaction.

Not only can they seize the market share of Huifeng Bank through Bank of East Asia, but they can also make a fortune by shorting Huifeng Bank's stocks. It's simply killing two birds with one stone!

However, Ma Shimin and others eventually called some bosses, and those bosses already knew that they would transfer the funds to the Bank of East Asia next.

Therefore, this news will definitely not last long.

I just hope they can sell all their shares before the news leaks out.

In this way, Lin Haoran can obtain the greatest benefit.

25.6%. Even if it is sold at a market value of 200 billion, Lin Haoran can obtain more than 25.6 billion Hong Kong dollars in cash through this 50% of Huifeng Bank shares.

Once the share price of Huifeng Bank plummets, he will take the opportunity to buy back the shares of Huifeng Bank. The profit from the price difference will be immeasurable.

Lin Haoran seemed to have seen countless wealth pouring towards him, and a smile appeared on his face.

They were shorting Huifeng Bank, so they certainly couldn't hide the fact from Huifeng Bank.

Huifeng Bank thought that by supporting the market and raising the price, it would guide shareholders and market makers to push up the share price of Huifeng Bank, which would put Lin Haoran in a passive position. However, they didn't know that it actually helped him a lot.

Even the sharp rise in the share price of Huifeng Bank in Hong Kong will bring certain support and linkage effects to the share prices of Huifeng Bank in the three major stock exchanges such as London, Paris and New York, allowing Lin Haoran to obtain a relatively better price when selling stocks overseas.

Under normal circumstances, it would be impossible to sell so many stocks quickly.

But now, Huifeng Bank's stock trading activity is unprecedentedly high due to its own market protection behavior and market rumors, which undoubtedly provides an excellent opportunity for Lin Haoran's selling plan.

"Boss, there are many rumors in the market that are bad-mouthing the Bank of East Asia. Should we fight back? Many citizens are very supportive of us now and cannot stand the Bank's arrogant style. As long as we guide it a little, public opinion will develop in a direction that is favorable to us." At this time, Cui Zilong called.

Hearing this, Lin Haoran smiled and replied, "Boss Cui, don't worry about this for now. Keep an eye on the development trend and focus on promoting our own business and preparing for subsequent plans. Let Huifeng Bank deal with the ups and downs in the public opinion field for the time being."

What he wants now is to keep the share price of Huifeng Bank high so that he can sell it at a good price. Naturally, he will not do anything that may suppress the share price of Huifeng Bank, even if it is just a counterattack in public opinion.

In his opinion, Huifeng Bank thought it had made a good plan and was immersed in the false prosperity of rising stock prices, which was providing him with great help.

"Okay boss, I know what to do!" Cui Zilong responded.

After hanging up the phone, Lin Haoran and his generals had a simple lunch in the company, and then returned to the office again, waiting for the movement of Huifeng Bank and the stock market, as well as the movement of Dai Shi.

It was almost one o'clock in the afternoon when Dai Shi finally arrived back.

"Boss, Mr. Ma, Mr. Ai, good news! As you have trusted me, I have successfully finalized securities lending agreements with three institutions and borrowed approximately 5.3% of the total shares of Huifeng Bank.

The conditions are the same as those previously agreed with other institutions and shareholders. Within a six-month loan period, interest will be calculated based on a 1% shareholding ratio each month. If the loan period is less than three months, interest will be calculated based on a full three-month loan period. The lowest interest rate cannot be less than 3%! "As soon as he returned to the office, Dai Shi was full of excitement and could not wait to report to Lin Haoran and others in the office.

Hearing this, Lin Haoran smiled, patted Dai Shi on the shoulder and said, "Dai Shi, you did a good job. I have high hopes for you."

This meant that the 25.6% goal he had in mind in the morning had been completely achieved.

Although there is nothing left to borrow next.

But, this is already a lot.

Next, let’s see what price these 25.6% shares can eventually be sold for.

Once the sale is completed, their plan can be implemented openly.

"Boss, this is my job responsibility, and thanks to the joint efforts of everyone in the team, we were able to successfully complete this task." Dai Shi said modestly, but he could not hide the pride on his face.

"Well, you have made the greatest contribution in this matter. When it is over, I will ask the finance department to reward you with a generous bonus. In addition, Mr. Allen, you should organize the traders to continue selling the shares borrowed today. The share price of Huifeng Bank will not last long and will definitely fall. The trading volume of Huifeng Bank's stocks should be very large in the afternoon, so sell as much as you can!" Lin Haoran continued.

"Okay, boss. I'll arrange for the trader to proceed with the subsequent selling." Alan responded quickly, then stood up and strode towards the trading room.

The 7.8% borrowed yesterday could all be sold in one morning, and the 5.3% shares in the afternoon would certainly not be difficult to sell.

At least, the current share price trend of Huifeng Bank is enough to show that the morning trend should continue in the afternoon.

Huifeng Bank is a hot commodity in the stock market today. A 5.3% stake in it is worth just over HK$12 billion based on its current market value.

As for today's trading volume, there will definitely be more trading volume in the afternoon.

Although the news reported by Oriental Daily yesterday made many Hong Kong citizens disgusted with Bank of Hong Kong, disgust is one thing, but making money from Bank of Hong Kong shares is another. After all, these people cannot escape the law of true fragrance.

In Hong Kong, there is no need to worry about not being able to sell the stocks because of the price increase supported by Huifeng Bank.

What Lin Haoran is mainly worried about are the stocks in Europe and the United States.

Only one-quarter of the Huifeng Bank shares borrowed from shareholders and institutions in Europe and the United States were sold yesterday, but there are still three-quarters left!
However, although Huifeng Bank is listed in multiple places and its stock price cannot be unified, the ups and downs trend is still the same.

Therefore, the news from Hong Kong will soon spread to Europe and the United States. By then, the trading volume and stock price of Huifeng Bank in the three major stock exchanges in London, Paris and New York will be similar to those in Hong Kong.

If nothing unexpected happens, the stocks that Citibank helped to borrow should not be difficult to sell.

In the afternoon, after the stock market opened, Huifeng Bank's trading volume did not decrease, just as they had expected.

The buy orders continued to increase, and Galaxy Securities took the opportunity to sell all the newly borrowed stocks.

Huifeng Bank, manager's office.

"Mr. Shen Bi, we found that although we want to continue raising the price, someone keeps selling stocks, causing our progress to be very slow. It looks like it will be difficult to raise the stock price to a total market value of 250 billion today." The executive responsible for protecting the market and raising prices reported to Shen Bi.

"It should be the work of Galaxy Securities. They borrowed 7.8% of the shares yesterday and they probably didn't sell them out this morning. Once they have sold them out and the sell orders have decreased, as long as we give some guidance, the stock price will rise much faster." Bao John said on the side.

Galaxy Securities has already learned from those shareholders and institutions how many Huifeng Bank shares it borrowed yesterday.

7.8% is indeed not a small number.

However, the three institutions that just reached a short-selling agreement with Dai Shi today are all those that intend to hold shares short-term. They do not have a very deep interest relationship with Huifeng Bank, so they did not take the initiative to inform Huifeng Bank of the matter.

Therefore, they were completely unaware that Galaxy Securities had increased its stake by another 5.3%.

At the same time, Citibank is operating in Europe and the United States, so Huifeng Bank is now unaware that Lin Haoran is also shorting Huifeng Bank in Europe and the United States.

Otherwise, Huifeng Bank would not have continued to raise the price. Instead, they should have considered why Lin Haoran dared to continue to increase the amount of securities lending after promising not to use the media to publish negative information about Huifeng Bank to attack Huifeng Bank. Is there really a plan waiting for them behind the scenes that could cause a sharp drop in Huifeng Bank's stock price?

Shen Bi frowned slightly and said in a deep voice: "No matter what, we cannot let the rising momentum of the stock price be interrupted. It's just 7.8% of the shares. Most of them should have been sold in the morning, and there should be little left in the afternoon. We will continue to increase capital investment, support the market and raise the price. We must let the market see the strength and determination of our Huifeng Bank.

In this way, those shareholders will follow us and continue to push up the share price of Huifeng Bank. As long as our share price sets a new record, the dirty water thrown at us by the Oriental Daily will naturally be refuted, and Huifeng Bank's influence will be restored. "

"Okay, Mr. Shen Bi!" The executive responsible for protecting the market and raising prices quickly took the order and walked out of the office.

Therefore, the traders of Galaxy Securities were surprised to find that the stock price started to rise again in the afternoon, and the trading volume not only did not decrease, but showed signs of increasing.

How could they not seize such a good opportunity!
As a result, the shares of Huifeng Bank that had just been borrowed at noon began to be sold off again.

As time went by, the shares of Huifeng Bank held by Galaxy Securities continued to decrease.

At 3:45 in the afternoon, Dai Shi came to Lin Haoran's office again to report the news to him.

"Boss, all the shares of Huifeng Bank have been sold. Currently, the funds frozen in our short selling have reached 30.3 billion Hong Kong dollars!" Dai Shi reported as he handed a piece of data to Lin Haoran.

The HK$30.3 billion does not include the 12.5% ​​of Huifeng Bank shares borrowed with the help of Citibank, but only the 13.1% of shares borrowed from Galaxy Securities.

"Good, well done!" Lin Haoran laughed.

At the same time, in a conference room in the Huifeng Bank building a few hundred meters away, a warm cheer also broke out.

It turned out that after their support and price increase, the market value of Huifeng Bank soared to HK$250 billion, setting a historical high.

However, they never dreamed that it was this series of operations on their part that allowed Galaxy Securities to successfully sell all the Huifeng Bank shares it had previously borrowed not only at an astonishing speed but also at a very high price.

(End of this chapter)