Hong Kong 1980: The Savage Era

Chapter 560 Chapter 562 [Second Sniper] (New Book, Please Collect)
After entering 1998, real estate prices unexpectedly plummeted, falling by another 3% in just three weeks. The total drop in the real estate market was 15%. Most property prices have returned to the level of early 3, which is the same as the peak in the first quarter of 1996.

In fact, there are many property units, but the transaction volume is not much, which indicates that the local market will continue to fall, and people are extremely panicked.

The Hang Seng Index fell 28.4% throughout the year to 12200 points. Initially, investors tried to buy the bottom of the stock market, but when they heard that international speculators had returned to Hong Kong, they were scared and sold their stocks.

Who knows to what extent the next sniping attack will cause the stock market to plummet? Perhaps the 1 points level cannot be maintained at all.

Luo Qihong also has no confidence in maintaining the Hang Seng Index at 1 points. He can only say that he is confident of maintaining 9000 points and will not let the Hang Seng Index fall below 8000 points.

In the previous life, the financial war in 98 caused the Hang Seng Index to fall to 6660 points, a 97% drop from the peak in 60. It can be seen that Luo Qihong was confident that he could maintain 8000 points, which shows that he was still very wealthy.

In fact, during the financial war in October 97, Luo Qihong's company only mobilized HK$10 billion in cash to maintain the Hang Seng Index at 170 points.

Now, a huge amount of profits have been made from short selling the Japanese yen and the Korean won. Although the profits are kept overseas, they can be transferred to Hong Kong for use immediately.

His subsidiaries, including Zhaoan Group, Dehe Real Estate and Hengan Investment, all hold large amounts of cash, totaling more than HK$1300 billion. It can be said that Soros dares to take as many Hong Kong stocks as he dares to throw away.

There is basically no situation of loss, because that is the bottom. As long as the financial war is over, the Hang Seng Index will definitely rise. In addition, Luo Qihong has not withdrawn the company's working capital, so it will not cause any problems in the company's operations.

Therefore, this deal will definitely make a profit, it’s just a matter of how much.

After the Spring Festival, international speculators still had not arrived, and investors began to relax their vigilance, thinking that they would not come again, so the Hang Seng Index saw another rise.

Tuesday, May 3th.

International speculators returned to the Hong Kong market and dropped a bombshell at the very beginning, throwing out 50 billion Hong Kong dollars to impact the linked exchange rate.

Currency issues are not Luo Qihong's business. The HKMA will prepare a response plan and use foreign exchange US dollars to recover Hong Kong dollars and maintain the exchange rate.

Luo Qihong still wanted to maintain the Hang Seng Index at 10000 points, but the possibility of maintaining it was very low. However, things still had to be done, so when the Hang Seng Index dropped to 10400 points, he ordered the purchase of 33 blue-chip stocks and red-chip stocks, with the goal of selling out HK$100 billion.

Quantum Fund.

Soros' assistant reported the stock market situation to Soros as soon as possible.

"It seems that he has made another move. He probably still wants to keep the 10000 points." Soros showed a strange smile, and was much calmer than last time. Perhaps it was because Hong Kong was the only one left among the Four Asian Tigers.

"Boss, isn't our goal to break through 10000 points? Do we need to notify those people to put in greater efforts?" said the assistant.

"No need. Let's proceed according to the plan." Soros said with a smile, "The index has now fallen by more than 1000 points, and we have made a lot of profit."

"Yes, we have made a lot of profit." The assistant nodded.

"Hong Kong is a tough nut to crack. We'll have to make multiple sniper attacks. Let's see how that guy holds on." Soros sneered.

A few days later, international speculators withdrew again, and the situation in Hong Kong became even worse.

The Hang Seng Index fell below 1 points, but it will be easy to return to 1 points after a technical rebound. However, the confidence of Hong Kong investors has reached a low point and it is difficult to recover.

Zhaoan Group Corporation.

Bai Jinyan was wearing high heels, her face was a little dark, and she sat on the sofa with her arms folded. "What's wrong? Who offended our boss lady?" Luo Qihong said jokingly with a smile. Although the Hang Seng Index did not maintain 1 points, it finally repelled Soros and his group of speculators.

"De'an Securities Investment Company was targeted in the United States and was asked to check our accounts. It must be the work of those foreigners in the foundation." Bai Jinyan said angrily.

Hearing this, Luo Qihong's face changed slightly. After thinking for a moment, he said, "I will ask Wan Guo Bao Tong Bank to mediate. The Americans will not go too far."

Those people on Wall Street are cold-blooded by nature. If a crisis occurs in the United States, they will rush forward without hesitation and bite hard, and will not stop until they are full.

Li Jiacheng also wanted to learn it later, but unfortunately he was alone and could not make any progress. Instead, he became the 'chicken' in the 'killing the chicken to scare the monkeys' incident.

Luo Qihong believes that capital has no borders, but those who control capital have nationalities, and the issue of stance needs to be considered.

"Well. Too much of our funds are concentrated in Hong Kong. Should we transfer some funds out? Southeast Asia is a good time to invest now." Bai Jinyan asked.

Luo Qihong also nodded and said, "Okay, leave 100 billion in cash, and you can allocate the rest."

"Okay. Just watch me." The gloom on Bai Jinyan's face disappeared.

Southeast Asia is still under the influence of the financial crisis. The economy is extremely bad. Many companies are facing bankruptcy and are just struggling to survive. They have no power to resist at all.

Luo Qihong is thinking about whether to take the opportunity to expand the scale of F&N Group, acquire other beer brands, and monopolize the beer industry in Southeast Asia.

Deep Water Bay Villa.

The night was as cool as water. Luo Qihong and his wife and Luo Qixing and his wife were sitting in the garden, and the atmosphere was a little quiet.

Although we have escaped the fatal blow of the financial crisis, it is still very uncomfortable when the overall environment is bad. Making money in business is naturally making other people's money. Now everyone is cutting funds, so where is the money to be made?

"International speculators have failed to get what they wanted twice, and there is a high possibility that there will be a third time. This feeling of being slaughtered is really uncomfortable." Luo Qixing sighed.

"Don't worry, Hong Kong's economy will definitely recover. The winning record of international speculators will be broken in Hong Kong, and we will win." Luo Qihong said confidently. With one more person in this life, Hong Kong in this life must be better than in the previous life.

"Now is not a good time to buy at the bottom, but the company has a lot of cash flow in its account. Do you have any good investment projects?" Chen Yusan asked. Shengyun Real Estate's main business is in Hong Kong.

Luo Qihong gave a suggestion: "The mainland has not been greatly affected. You can set aside some operating funds and invest the rest of the funds in the mainland. In the future, properties in big cities will still be very valuable."

Chen Yusan nodded. "What do you think about investing in Southeast Asia?"

Luo Qihong was silent. He had already given the best answer, but Chen Yusan skipped it directly. She was really speechless, but Bai Jinyan still responded, "The Southeast Asian market has just suffered a blow. It is a good choice to withdraw funds for investment. I am also ready to develop the Southeast Asian market."

"How about we cooperate? I know nothing about the Southeast Asian market." Chen Yusan asked with a slightly pleading tone.

After getting Luo Qihong's nod of agreement, Bai Jinyan smiled and said, "Okay, let's cooperate. Which country do you want to start with, sister-in-law?"

"I think Malaysia and the Philippines are good choices." Chen Yusan said with a smile.

(End of this chapter)