reborn in the fiery age

Although PCCW turned around in the second year, it is not difficult to find out through the analysis of performance that the source of PCCW's profit is mainly non-recurring profit and loss, and the subject business has not made any progress.

The third year's annual report shows that Yingke once again lost a huge 70 billion yuan, and in the fourth year, the company continued to lose more than 600 billion Hong Kong dollars due to the huge provision for the submarine optical cable joint venture.

Such a series of super losses have basically brought Yingke to a standstill.The most terrible thing is that with the advent of the mobile communication era, Yingke cannot compete with Tianyi Contact in Hong Kong Island, and even the fixed-line business has begun to decline.

Due to debt pressure and confidence in the mainland telecom market, Prince Li was forced to transfer part of Yingke's equity to China Mobile, making Telecom the second largest shareholder.However, as Sun Zujie became more and more powerful, it was even more difficult for Yingke to enter the mainland market, so Yingke has been deadlocked.

After such a coquettish operation, Prince Li became shy about high-tech investment. He began to honestly follow his old man's thinking, and started the real estate business, which is the specialty of Lijia.

Unlike the previous life, because of the obvious conflict with Sun Zujie, the development of the Li family in the mainland has not been very smooth. Although many people support him, the bureaucrats in the mainland are not willing to offend Sun Zujie, so the resources that the Li family can get are far away. Far worse than previous life.

In desperation, Lijia had to transfer a large amount of resources to the UK to invest in real estate and people's livelihood industries in the UK, which is what they are best at. In Hong Kong Island, they mainly focus on maintaining the status quo.

On the other hand, the Qiu family, who embraced Sun Zujie's thigh, went smoothly, continued to develop in the mainland, and also gained a lot in the high-tech field. In this way, the strength of the Qiuli family on Hong Kong Island has reversed. The Qiu family remained calm and came from behind, while the Li family retreated to second place.

Behind this is actually the power balance between Xia and Ying on Hong Kong Island. It was precisely after seeing this scene that Sun Zujie decided to strike while the iron was hot and continue to suppress the white gloves of the British capital on Hong Kong Island.

It's just that Li Bancheng has experienced many ups and downs, and has always emphasized that cash is king. The debt ratio of his subordinate enterprises is very low. It is really not easy for Sun Zujie to find trouble with him.

However, when the financial crisis comes, there is a solution. The United Kingdom and the United States are united. He has no way to suck blood from Hong Kong Island, or is forced to give up part of his interests on Hong Kong Island.

With the development of China's economy, Hong Kong Island's stock market also quickly got rid of the shadow of the Asian financial crisis. In recent years, there has been a good increase, so the Hong Kong Island stock market is at a high level at this time. With the advent of the subprime mortgage crisis, Hong Kong The stock market deserved a big drop.

Sun Zujie still dealt with Li Bancheng in the old way. After the financial crisis broke out on a large scale, let the First Fund once again attack the fundamental growth of Lijia in Hong Kong Island, forcing Li Bancheng to buy back.Of course, he does not need to repurchase, but Sun Zujie will be very happy that the First Fund will become the major shareholder of Cheung Kong and share in the development of Cheung Kong.

Of course, beating Li Bancheng is just incidental. Sun Zujie decided to repair HSBC this time. The reason is that HSBC has done too much. .

A complex financial derivative called KODA is sold in large quantities on Hong Kong Island.The annual GDP of Hong Kong Island is only 1500 billion. HSBC’s KODA has sold more than 1000 billion US dollars, and more than half of them are sold to the mainland.

The so-called KODA, the Chinese name of the cumulative stock option contract, means that the issuer locks the upper and lower limits of the stock price, and provides stocks to customers at a level lower than the current stock price within a period of time (usually one year). KODA has four features:

The exercise price of the stock purchased is often 10-20% lower than the current price; when the stock price rises 3-5% above the current price, the contract will automatically terminate, but investors are guaranteed to accumulate shares for at least one month; when the stock price falls below the exercise price, Investors must double the amount of shares; the contract is valid for one year, but investors only need to have 40% of the contract amount in cash or stock collateral to trade, because this product is often leveraged.

According to the pronunciation of this English word, it is jokingly called "I kill you later" in the Hong Kong investment banking industry with a homonym. (I'll kill you later.)

For example, the current price of Moutai’s stock is 1000 yuan, and the KODA contract stipulates a 10% discount to exercise the right, a 3% contract termination right, twice the leverage, and is valid for one year.

It means: Although the current Moutai stock is 1000 yuan per share, KODA investors have the right to buy Moutai shares at 900 yuan in the next year.

If the stock price of Moutai rises to 1030 yuan, the contract will be terminated automatically, but if the stock price of Kweichow Moutai falls below 900 yuan, investors must continue to double buy shares at 900 yuan until the contract expires before it can be terminated.

When such a product is in a bull market, it is like a "pie falling from the sky".When the stock market is soaring, many stocks soar a lot in a single day. Such a bull market is really like "picking up money" for KODA investors. Contracts are often automatically terminated on the day or a few days after signing, so Hong Kong Island Many investors in the stock market have made a lot of money.

However, when the market goes higher and higher, and the exercise price is also higher and higher, people who have tasted the sweetness begin to increase their chips, and they seem to be unaware that the risk is also quietly multiplying.

Once the stock market falls by [-]%, [-]% or even more, KODA investors will only accept it. If the contract requires double absorption, the decline for several months is really unbearable for KODA investors. Ah, one accidentally loses everything, not to mention, and may even owe the bank.

Therefore, if the richest man in Xihong City wants to buy a large amount of KODA, when the stock market plummets, it is guaranteed that he will be able to squander all the money on his hands. After all, Xia Guo's director is not imaginative enough!

Investing in KODA not only allows you to invest in stocks, but also in foreign exchange.The reason why Sun Zujie was so furious this time is because the response team found that Huaxin Pacific held a large amount of KODA through auditing the accounts.

The reason is that Huaxin Pacific has seen the stock market in Hong Kong Island soar in the past few years, and they can't sit still. They should have been based on industry, and they have begun to constantly blend in the financial market of Hong Kong Island. The funds involved are huge. How much is there? , due to various reasons, has not yet been fully verified.

In addition to Huaxin Pacific, China Eastern Airlines is also a victim. They are betting on fuel in a daze.Apart from this, HSBC has also been an accomplice in the sharp rise of iron ore in the past few years. HSBC has always been the major shareholder of Liangtuo, so old accounts and new accounts should be settled together. It is impossible not to teach HSBC a lesson.

When dealing with this issue with the team, China Eastern Airlines was fairly honest, but Huaxin Pacific was not so obedient. First, Huaxin only held a little more than 20% of Huaxin Pacific's shares and was not the controlling shareholder;

Secondly, that Crown Prince Rong was extremely arrogant and did not cooperate. Although the reason was subtle, Sun Zujie knew that he thought he was the controlling shareholder of Huaxin Pacific, and the center could not control too much.

Sun Zujie smiled at this, and ordered Huaxin Group to reduce its holdings as much as possible in the market. In addition, Sun Zujie asked Huaxin not to pass Huaxin Pacific on its core business.If you are disobedient, then Huaxin will ignore it. When the time comes and you beg to come to the door, then we will settle the score.

Of course, after all, Prince Herong is considered to be a broken bone and a tendon, so he can settle accounts after the fall, and with so many shares in his hand, he is absolutely worthless to Prince Rong. Anyway, Huaxin can't suffer a big loss, but there is no need to be polite with HSBC , Sun Zujie is going to take this opportunity to settle accounts with HSBC, and then send a cooperation team to HSBC. Whenever domestic capital is involved, HSBC needs to cooperate with Xia Guo.

Of course, HSBC can also not cooperate, but HSBC will provide some necessary reminders to domestic companies. Who knows what HSBC will hand over to the US emperor.The Daxia business is the core business of HSBC, accounting for more than 70%. Sun Zujie is not afraid of their uncompromising at all.

In addition, Sun Zujie is also planning to let Tianyi Investment and the Qiu family jointly acquire part of the equity of HSBC. When HSBC enters Xiaguo, Xiaguo can allow HSBC to acquire part of the equity of Xiaguo Bank. Of course, Xiaguo is also eligible to take advantage of the financial crisis to acquire HSBC's shareholding, HSBC is not the bank of the US imperialists, so there is no need to be too polite to them.

Besides, Huaguo's huge foreign exchange reserves would be too wasteful to just use them to buy U.S. imperial bonds. The U.S. imperialists can't afford to mess with the downtrodden British Empire. Sun Zujie is now ready to test it out. The financial crisis is the best time.All in all, it's time for the First Fund to show its talents.

As part of the work of the response team, Sun Zujie did not report these to the central, just to keep it secret. He believed that he would clean up HSBC, and the old comrades would not object. As for the attitude of some people, he did not take it seriously at all. It is not ten years ago Yes, he already has enough authority to do something.

Of course, when dealing with Hong Kong Island, we should act first. To deal with Wanwan, Sun Zujie also thought of a way. He never thought of asking Wanwan to erect a statue for him, so he is not going to help Wanwan's panel companies tide over the difficulties. , Opie LCD and BOE can provide enough panels, so there is no need to trouble the companies in Wanwan.

Then, by the way, the price of the panel will be lowered to the lowest in history. It is enough for Wanwan to develop the chip foundry industry well, and it is enough for the talents of the panel to develop in the mainland in the future.Sun Zujie believed that someone would stab someone, but when it comes to high-tech companies, whoever dares to stab him, Sun Zujie can spray him to death.

As for some people wishful thinking and want to buy other things, Sun Zujie has no objection, some things must be experienced before they know the suffering.As for the other robbery materials, Sun Zujie was going to take a good look at them. Anyway, he saw the tricks, and no matter what, the sky would not fall.

Sun Zujie thought so much, and naturally the plane arrived in Guangfu, and at this moment, the three brothers of the Qiu family were also discussing the marriage between the Qiu family and the Sun family, and what should be done about the marriage. Although women are in charge, there are some things they Also go out.Of course, there is another point, that is, Sun Zujie told them through Zhao Ziran that it was time for the First Fund to launch.

"Boss, why is Sun Ying and Nianwei's wedding held in Guangfu? Even if it can't be held in Hong Kong Island, it can be held in Yandu. How wonderful it would be!"

"Little brother, Sun Sheng is a political figure, and he needs to consider the influence. Don't forget that the princess's wedding was only held in eastern Zhejiang. Otherwise, for the sake of our family's face, he probably wouldn't choose to hold it in Guangzhou." The government is too sensitive!"

"Little brother, you have to take care of that lady's face too. Sun Sheng has already done a great job of saving face!"

"So that's how it is!" After the third child of the Qiu family figured it out, he sighed, "It would be great if I could see all of this. With him around, the wedding can definitely be held in Yandu, and there will be countless high-level officials from the Xia Kingdom." Come over to watch the ceremony and bless you!"

"Little brother, even if Laodou is here, he can't decide where the wedding will be held. Okay, let's discuss the issue of the First Fund. Sun Sheng has a really big appetite. With so much money prepared, what do you think he will do?" Which one did you target?"

"I don't know, we just follow the command," Mr. Qiu said with a big smile, "But the Li family will definitely not be able to escape, hehe, take this opportunity to beat them up again."

"Don't be as anticlimactic as ten years ago!"

"What happened ten years ago? We bought a lot of things back ten years ago. Brother, if HSBC is one day, Lijia will not go bankrupt. If we can get some bargains, it will be considered good!"

"Yeah, yes!" Qiu Laoer said with a smile, "Boss, little brother, our focus now is on the child's wedding. Although there is still half a year until August [-]th, it's time to get ready!"

Looking at the proud second child, Boss Qiu felt a little jealous. In terms of relationship, he had a better relationship with Sun Zujie and the Huatou Department. The problem was that he didn't have a daughter, so he could only watch helplessly as the second child became Sun Ying's wife. father in law.

With this level of relationship, the second child's control over the family business and encroachment on the interests of the brothers may intensify.Although he has the family's huge investment fund and doesn't care about it, the third child and the other two families have already had great opinions. It would be bad if there was a quarrel someday. Maybe he can ask Mr. Sun to help mediate.

Not only was the boss upset, but the third was also upset. He jokingly said, "Second brother, how much dowry have you prepared this time? This is Sun Sheng's son. If it is missing, your face will not look good!"

"Yuwei's marriage is a great event for our Qiu family. Of course, we need to prepare more." After finishing speaking, Qiu's second child took out a document from his briefcase and handed it to the two brothers. "How about it? Get it Let's do it!"

After Boss Qiu finished reading it, he laughed, "Second brother, your plan will definitely make it difficult for you!"

"Why? This dowry, no one in Hong Kong Island can compare to marrying a daughter!"

"It's because you gave too much, so it can't be done. My second child, Sun Sheng is a politician, not a businessman. You're creating a problem for him by doing this!

Besides, academician Zhou is the top scientist in the world, and your son-in-law is a doctor of foreign countries. He has such a great reputation, do you care about money?You have given so much money, but it has lowered the quality of others.

Besides money, there is one thing you may not know. Sun Ying has some shares in Fubao.com. Although it is not very large, it is worth more than one billion Hong Kong dollars!These shares may increase tenfold in the future! "

Qiu Laoer was somewhat skeptical, "It's true, it's fake, the shares of Fubao.com are so valuable?"

"That's what Ma Sheng said. It is said that Sun Sheng told him himself!"