Hong Kong 1980: The Savage Era

Chapter 557 559 [Crazy] (New book, please collect it)
Thanks to Luo Qihong's prior arrangements, the five listed companies under his control did not experience a decline, while equivalent blue-chip stocks showed a slight decline, but it was not enough compared to the huge market value.

In just one day, tens of billions of stocks were sold on the stock market, with the largest number of them being small and medium-sized stocks, which also saw large declines. If this continues, the company's market value will hit rock bottom.

Of course, no one and no organization would save them at this time. Even Luo Qihong, who had been prepared, was trembling with fear. Fighting this kind of financial war requires great caution, and the slightest mistake will be infinitely magnified.

"We in Hong Kong should be able to withstand it, right?" Bai Jinyan was frightened when she saw this kind of sniper war. Although she had seen this kind of practice in Thailand, it was not as severe as that in Hong Kong.

"Hmph! Hong Kong's foreign exchange reserves are already very good, and it has the mainland as its backing. These financiers will not benefit from it. Hong Kong will definitely be their Waterloo." Luo Qihong glanced at Bai Jinyan beside him and answered firmly.

With Luo Qihong's affirmative words, Bai Jinyan felt a little relieved, but he did not dare to suggest evacuating Hong Kong.

"Then when do we start?" Bai Jinyan asked.

Luo Qihong smiled and said, "We are fighting a defensive war. We will only fight back fiercely when the enemy gets close to the city wall. My plan is to keep the Hang Seng Index at 10000 points. When it drops to 10300 points, we will exit and sweep the blue-chip stocks in the market, then the stocks of large companies, and finally the stocks of medium-sized companies."

"I think if we buy some stocks of big companies, the first sniping will stop and there will be no need to go to the third step."

"Will the international speculators make a comeback?" Bai Jinyan was a little surprised. The first time was so serious, wouldn't the second time be so serious?
Luo Qihong put away his smile and said seriously, "Of course! Hong Kong is not one of the four Asian tigers like Thailand, which can't even hold out in the first round. Soros and his people should have thought of this, and they will definitely attack us multiple times."

"Don't worry, the Hong Kong government will have a plan to deal with it. We will do what we should do, repel these robbers from the stock market and teach them a lesson."

Bai Jinyan thought to himself, 'No wonder so much money was mobilized.'

"We have previously reduced our holdings in various listed companies to around 40%. Once the Hang Seng Index drops to the target point, we will begin to buy back shares of our subsidiaries so as not to let the stock price fall too much," Luo Qihong instructed.

Bai Jinyan will be responsible for the specific affairs of Asia Securities Company, and Luo Qihong does not intend to interfere.

Deep Water Bay Villa at night.

The weather in Hong Kong is gradually entering autumn, but the temperature is still high and everyone is still wearing short sleeves.

However, Luo Qixing, Chen Yusan and others were filled with chills. Today's stock market was really scary, with the screen full of red.

Fortunately, Luo Qihong reminded them long ago, otherwise they would really not be able to sleep and might even be in danger of jumping off the building.

"Southeast Asia has been messed up by Soros and his gang. Even Singapore couldn't hold up. I think Hong Kong is in danger." Luo Qixing sighed. His pessimism represents the thoughts of a large number of people in Hong Kong.

"Brother, you are wrong. It's not that Singapore failed to withstand the sniping, but it was affected by the Southeast Asian economy. There is no problem with Singapore itself, but its land area is too small and it has to rely on the outside world, which leads to its current decline." Luo Qihong corrected.

"Hong Kong is about the same," Luo Qixing retorted.

"It's very different. We have a backer, but Singapore doesn't. We have no external market, so we can go back to the mainland. However, there will still be losses, but they will be much lighter than in Singapore," said Luo Qihong.

Luo Qixing has also felt the changes in the mainland in recent years, and there are great opportunities for development.

"Then I have to take this opportunity to go to the mainland to make some arrangements. I can't miss the next development opportunity."

"The mainland market is indeed very good, but your roots are still in Hong Kong. Don't forget this principle." Luo Qihong remembered the Hong Kong company that had neglected one thing while focusing on another in his previous life, so he reminded Luo Qixing.

Chen Yusan is much smarter. "Now that this incident is over, can we buy at the bottom?"

The mainland market is huge, but it is still developing. When it comes to making money, Hong Kong is better for the time being.

Luo Qihong shook his head seriously. "International speculators will come again. There will be no profit from the first sniping."

"I suggest you run your own company well first, and then think about bargain hunting when the economy gets better." That night, many Hong Kong citizens couldn't sleep, worried that they would go bankrupt and be liquidated.

The Hong Kong Monetary Authority has only responded passively, taking the usual measures: raising short-term loan interest rates, selling US dollars to absorb Hong Kong dollars, and raising interbank offered rates. This will cause interest rates to rise and increase the cost of speculation.

This move has some effect and has restricted the actions of international speculators.

The next day, the Hang Seng Index plummeted again by more than 700 points, but Hong Kong was very strong and the foundation did not immediately destroy Hong Kong's economy.

Luo Qihong calmly paid attention to the movements in the stock market and the securities and currency markets. The current Hang Seng Index is 12000 points. It is expected that by tomorrow, Dean Securities Investment Company will start to exit the market.

It was not until after 4 p.m., when the stock market closed, that Luo Qihong's tense nerves finally relaxed.

There are many changes in the financial war, and no one knows whether this life will be more intense than the previous one. As a decision maker, he has to respond in time. Once he misses the opportunity, the consequences will be serious.

The total market value of the Hong Kong stock market is only about 4 trillion. The market value of companies under Luo Qihong exceeds 1600 billion Hong Kong dollars, accounting for 4%. It seems that the market value is not much, but Luo Qihong has used many means to maintain the market value, which is already very good.

And this also shows Luo Qihong's strength.

On October 10, many people on the streets of Hong Kong looked like zombies, with none of their former spirit on their faces.

Hong Kong people love gambling and like to speculate in stocks and properties, so the highest value of the stock market this year has jumped to HK$4.8 trillion, far higher than Singapore.

Now that the stock market crash and real estate market have plummeted, the number of families affected is probably more than 10000.

As soon as the stock market opened in the morning, it plunged again, falling 200 points suddenly, and investors' faces turned pale.

When Luo Qihong saw that the Hang Seng Index had fallen to 10400 points, he felt that he could not wait any longer, so he picked up the phone and called the heads of various companies.

"Buy now, including other blue-chip stocks, and don't stop until the index rises 1000 points."

This time the purchase is no longer done secretly, but is widely publicized to enhance the confidence of Hong Kong investors. After all, the strength of a family is always limited.

stock exchange.

Information about large purchases appeared on the electronic screens, and the share prices of some blue-chip stocks stopped falling and became stuck at a certain price.

"Is there a big customer coming in?"

"It was De'an Securities Investment Company, a subsidiary of Zhao'an Group, that took action. They are buying up stocks."

"Oh my god! The share price of Asia Securities has risen against the market trend. Luo Sheng is really awesome. There is hope for the stock market."

Seeing that Zhaoan Group had taken action, other investors followed suit and bought in, and the stock market situation began to improve.

In a building in Central, Soros cleared all the documents on his desk and roared, "How could this happen? This is obviously good for him. When the Hong Kong stock market hits rock bottom, he can use the cash to buy more stocks. Wouldn't he be able to make several times the profit? What good is this for him now?"

After Soros had vented a little, the assistant said, "The Chinese love fame the most, or Luo Qihong wants to become a business leader in Hong Kong, so he is operating against the market trend. As long as we persist, it will be difficult for him to stop the trend alone."

"Yes! Immediately notify others that today's stock market index must drop by 1000 points and fall below points."

(End of this chapter)