Reborn Xiangjiang as a Tycoon

Chapter 331 Unexpected Visitor

It will take some time for Hutchison Whampoa to allocate funds, so after the stock market opens in the afternoon, there will be no funds to buy back shares.

There were no large sales orders in the stock market at midday, and it was clear that there was no action on the short side.

Therefore, the stock market at noon is determined by the market, at least for the time being, and the stock price fluctuates between 20 Hong Kong dollars and 25 Hong Kong dollars.

Apart from paying attention to the stock market at the beginning, Lin Baicheng stopped paying attention after discovering that short sellers did not sell in large quantities. He only asked people to report to him after major changes in the stock market.

Lin Baicheng, who had not left Hutchison Whampoa's office, received a very unexpected visitor at about 2:30.

Shen Chou, a senior manager at HSBC Bank, came to Hutchison Whampoa without any prior contact, saying he wanted to visit Lin Baicheng.

When Lin Baicheng learned about this, he was very surprised. He didn't understand why Shen Zhou came to visit suddenly, and what he was going to do under the current circumstances.

No matter what Shen Chou's purpose was, it was impossible for Lin Baicheng not to meet Shen Chou even once. He entertained Shen Chow in the office.

"What's the matter with Mr. Shen's visit this time?"

"I mainly want to talk to Lin Sheng about HSBC's reduction of its holdings in Hutchison Whampoa."

"Taipan had already made a call before reducing the holding. The shares belong to HSBC. HSBC was worried that Hutchison Whampoa's stock price would not be able to support the holding and wanted to reduce the holding. I can understand that."

Lin Baicheng was polite with a fake smile. Although Shen Zhou called him in advance and told him about this before HSBC made the announcement in the morning, he was still very angry and unhappy. But again, the shares belong to HSBC. HSBC wants to Lin Baicheng has no choice but to reduce his stake in Hutchison Whampoa, unless he is also willing to undercut HSBC's share price, but this is obviously impossible.

However, although this is HSBC's own business, Lin Baicheng was dissatisfied with HSBC's reduction of holdings. Since then, HSBC is no longer a shareholder of Hutchison Whampoa. Lin Baicheng has decided to let Hutchison Whampoa's future bank-related business be as much as possible with Galaxy Bank. Cooperate with Bank of East Asia and others.

Since HSBC does not stand by Hutchison Whampoa and Lin Baicheng at the critical moment, why should Lin Baicheng hand over more business to HSBC? Unless there is a need for large loans, or foreign trade business has settlement needs in London, etc. Wait, there is no other way but to contact HSBC.

If you don't look for HSBC's business, you won't look for HSBC in the future. Since HSBC is in the first year of junior high school, don't blame Lin Baicheng for being in the fifteenth grade.

"Lin Sheng, although HSBC is free to buy and sell shares, HSBC has a lot of business dealings with Hutchison Whampoa. Logically speaking, it should support Hutchison Whampoa. However, HSBC also has difficulties this time and there is nothing we can do about it."

Shen Zhou sighed and said in a deep voice: "The British families who are shorting this time include a large number of British companies in Hong Kong. They have united to put pressure on HSBC, asking HSBC to provide loans to Hutchison Whampoa like Standard Chartered, but HSBC If you refuse, what you can do is to be neutral and not help each other."

"But later, when Hutchison Whampoa had a large amount of funds, the short sellers had no choice but to put pressure on HSBC again, asking HSBC to reduce its holdings of Hutchison Whampoa's shares. The directors could not withstand the pressure and had no choice but to sell all their shares and liquidate the company."

"But don't worry, Lin Sheng. No matter what, HSBC will not extract loans from Hutchison like Standard Chartered did. I can assure you, Lin Sheng, that this kind of thing will never happen."

Shen Cong blamed everything on the British family, as if the final reduction of HSBC's shareholding was not the decision of the HSBC board of directors.

"Short sellers will do anything to short-sell, including asking the National Taxation Bureau to inspect Hutchison Whampoa's accounts, and having the General Administration of Customs seize Hutchison's ships, using official equipment for private use. HSBC is also a victim."

Lin Baicheng sighed and nodded slightly. He certainly didn't mean to forgive HSBC when he said this. He just said that if he wasn't ready to break up, it was good to know some things well. There was no need to say them out loud.

For example, although Lin Baicheng seems to understand HSBC now, he will still ask Hutchison Whampoa to hand over some business to other banks and minimize cooperation with HSBC. This is the price HSBC must pay.

"Well, when I think about the scene when they put pressure and threats on me, I get very angry."

Shen Zhou said this very sincerely, because he really felt angry about it, and he always remembered the shame at that time in his heart.

"There is no need to be angry in Taipan. I believe their short selling will not succeed. They will suffer huge losses and will always turn to HSBC in the future."

Lin Baicheng expressed relief, but in his heart he thought that if the stock price rose, HSBC would lose money, and his intestines would be filled with regret. When he thought of such a scene, he was filled with joy. Who would have made HSBC not choose to stand beside him? Bian, you deserve to be sold at a loss!

"If that happens, HSBC's shares will be sold at a loss, and we will have to seek compensation from them."

Shen Porridge said fiercely, but he was shocked in his heart. If this happened, HSBC's losses would be huge this time. For a total of 60 million shares, the price after the stock price rose was higher than the average selling price of HSBC. For 1 Hong Kong dollar, HSBC will lose 60 million Hong Kong dollars, which is definitely not a small sum.

The two of them chatted for a few more words with the same hatred.

After that, Shen Porridge talked about something else: "Lin Sheng, no matter what, the reduction of HSBC's holdings this time is HSBC's fault. I know you will be very dissatisfied, but I still hope that it will not affect HSBC and Lin Sheng in the future." cooperation. This time it was HSBC’s fault, so in future cooperation, HSBC will make some concessions, which can be regarded as HSBC’s compensation to Lin Sheng.”

"Since the supervisor said so, I won't be polite."

Lin Baicheng accepted the so-called profit transfer with a smile and said: "Don't worry, Taipan, I will continue to cooperate with HSBC in the future. Unlike Standard Chartered, which did such a cruel thing as withdrawing loans, I have decided to return all private loans to Standard Chartered and Let Hutchison Whampoa litigate with Standard Chartered, and at most we can just repay the loan to Standard Chartered afterwards."

“Standard Chartered has indeed gone too far!”

Shen Porridge was shocked, but on the surface he nodded in agreement. No matter what Lin Baicheng said, it sounded like he was trying to scare the tigers and scare the monkeys. But as long as HSBC wants to continue to cooperate with Lin Baicheng in the future, then this 'warning' must continue.

After the two chatted for a while, Shen Porridge said goodbye and left.

“I’m a cousin and want to build a memorial arch!”

After Shen Chu walked out of the office, Lin Baicheng couldn't help but sneered. After HSBC stabbed Hutchison Whampoa in disguise, Lin Baicheng still wanted him to cooperate with HSBC as usual. It was too good to think that he could agree.

Shen Cong actually knew that it was impossible for Lin Baicheng to cooperate with HSBC as usual, but he came anyway in order to ease the relationship between the two parties and maintain the possibility of continued cooperation in the future.

(End of chapter)