Reborn as a tycoon in Hong Kong

The next day is Friday.

Because of the report in the Asia Wall Street Journal last night, the front page headlines of most newspapers were news reports that Lin Baicheng, the "world stock god", reduced his holdings of a large number of Hutchison Whampoa shares and cashed out more than 10 billion Hong Kong dollars.

Only newspapers under Lin Baicheng's name, left-wing newspapers, Jin Yong and several other newspapers that had good relations or business dealings with Lin Baicheng did not report this news as a front-page headline.

However, regardless of whether these newspapers reported it or not, because a large number of newspapers reported the relevant news, the relevant news was still brought to the eyes of the citizens of Xiangjiang, and people knew about the news.

"The richest man Lin has cashed out tens of billions of Hong Kong dollars, which is amazing!"

"Isn't it too easy to make money? It can easily cost tens of billions, but I can only earn a few hundred every month despite my hard work."

"The richest man Lin went to the mainland. The money must have been used to support the development of his poor relative in the mainland."

"The richest man, Lin, has reduced his holdings and cashed out. Hutchison Whampoa's stock will definitely continue to fall. No, I have to go to the exchange early."

"This bastard is making money again. I really hope he never comes back after he passes."

"..."

In Hong Kong, Lin Baicheng, the richest man, has many admirers and many people who are jealous of him. People saw mixed reactions to the news that he had reduced his holdings and cashed out tens of billions of Hong Kong dollars.

This is normal. After all, Lin Baicheng is not a Hong Kong dollar, so it is impossible for everyone to like him.

Unlike ordinary citizens in Xiangjiang who just pay attention to this matter, express their feelings, and then continue to work, a large number of media are preparing to dig deeper into this news. When they cannot interview Lin Baicheng, they naturally choose to change their targets.

After Lin Shufang got married to Cheng Yufeng, she and Cheng Yufeng moved into the villa given to them by Lin Baicheng.

Because of last night's report, Lin Shufang guessed that reporters would probably come to her home this morning to block her, so she called some of Lin Baicheng's bodyguards in advance. Sure enough, before going out, she learned from the bodyguards that there was someone outside the villa. Many reporters are waiting.

Lin Shufang did not stop going to work because there were reporters outside. She went out with her bodyguard and asked the bodyguard to stop the reporter who wanted to interview her. She told the reporter that she had been authorized by Lin Baicheng and would hold a press conference at Hutchison Whampoa. , to answer reporters’ questions.

When they learned that Lin Shufang was going to hold a press conference, the reporters saw that they could not break through the bodyguards and had to give up.

After Lin Shufang came to Hutchison Whampoa, she went to Lin Baicheng's office. She found that Lin Baicheng's assistants in Xiangjiang were already here.

"Vice President Lin, something happened."

Seeing Lin Shufang's arrival, Qin Lan immediately went over and said.

"What happened again?"

Lin Shufang couldn't help but frown when she heard this.

Qin Lan immediately said: "Early in the morning, Hutchison received a letter from the Securities Regulatory Commission. It was sent to Mr. Lin, saying that Mr. Lin and Mr. Lin's family are prohibited from buying and selling securities, whether they are companies or individuals. It lasts for one month.”

The current supervision of Hong Kong's financial market is not perfect. However, due to the stock market crash in 1973 and 1974, the Hong Kong government intervened in the financial market and formulated core laws to supervise the securities and futures markets. There are two people who implement the relevant laws. Part-time supervisory committees and transaction supervisors.

"Why does the Supervisory Committee prohibit Mr. Lin from conducting securities transactions? Is this prohibition effective?"

Lin Shufang didn't ask the Supervisory Committee why they did this. It was just the fault of those who were short sellers. There is no point in pursuing this now.

"The reason for the ban by the Supervisory Committee is that Mr. Lin cashed out tens of billions of Hong Kong dollars, which may harm small shareholders. The Supervisory Committee will investigate Mr. Lin. The ruling of the Supervisory Committee is valid, but the reason is untenable. After all, there is no clear statement in Xiangjiang The law stipulates that major shareholders cannot reduce their shareholdings in the company, so it can be dismissed.”

“It’s just that this takes time, and the Supervisory Committee is likely to have someone to do this, so it’s hard to say whether the ban can be lifted today.”

After discussion, Qin Lan and others agreed that this was a ploy by the short side. This was not really done to investigate Lin Baicheng, because there was no problem with the major shareholders reducing their holdings. It was mainly to prevent Lin Baicheng from increasing his holdings of Hutchison Whampoa shares. This will allow Hutchison Whampoa's stock price to continue to fall, allowing short sellers to make a fortune.

Lin Shufang asked: "Since the Supervisory Committee's reasons are untenable, can we ignore the Supervisory Committee and buy and sell stocks normally when it's time to buy and sell stocks?"

"Vice President Lin, it's better not to do this."

Qin Lan immediately shook her head after hearing this and explained: "It is the Supervisory Committee that is doing something wrong at the moment. With Mr. Lin's strength, we can fight back immediately, but if we still buy and sell stocks when the Supervisory Committee expressly stipulates that securities trading cannot be carried out, , then it will be us who are wrong. When Mr. Lin’s enemies continue to confront each other tit for tat, it will not be easy for us to pass the test. "

"Furthermore, although the supervisory committee does not have much power at the moment, the supervision of the financial market will only become more stringent. If the supervisory committee is offended, it will not be beneficial to Mr. Lin in the long run."

"Then what should we do? We can't do nothing, right?"

Lin Shufang couldn't help but frown, she really didn't know how to deal with it.

"I will arrange for people to put pressure on the Supervisory Committee and hope that the Supervisory Committee can lift the restrictions as soon as possible."

"After the stock market opens today, Hutchison Whampoa's stock price will definitely fall. This time the enemy is well prepared and Mr. Lin is not in Xiangjiang. It is indeed not easy to deal with it."

"Vice President Lin, if you can contact Mr. Lin, you'd better talk to Mr. Lin about this and ask Mr. Lin to contact his friends in the business world. Although Mr. Lin can't buy and sell stocks, others can."

"If we can reach an agreement with Director Guo and others, we can entrust them to buy Hutchison Whampoa's stock price after it falls to a certain price, and then we can buy it back at 5% or 10% higher than the cost price. In this way Although the cost will be higher, Mr. Lin can bypass the restrictions and buy stocks, so that the company’s stock price will not plummet.”

Qin Lan didn't come up with this idea alone, but she and other assistants came up with it together.

"This is a good idea."

Lin Shufang couldn't help but nod after hearing this, but she thought of bosses such as Iwasaki Mineryu, Guo Henian, Zheng Yudong, etc. who had close contacts with her younger brother.

"Vice President Lin, it would be better to report this matter to President Lin."

Qin Lan reminded aloud that although Lin Shufang is the big boss's sister, the financial transactions involved are not small, and the entrustment object must be decided by the big boss. It is not good for Lin Shufang to make the decision directly by herself.

"I know this."

Lin Shufang nodded and said: "As agreed yesterday, we will hold a press conference first. After the press conference is over, I will contact Mr. Lin."

Qin Lan said: "We have prepared the relevant documents regarding the charity fund."

"At that time, Director Qin will need your help to deal with the reporters."

Lin Shufang knew her own disadvantages. She could not guarantee that she could handle reporters comfortably, so she was not the only spokesperson at the press conference. In addition to Qin Lan, there was also Xia Boyin, the vice president of Hutchison Whampoa.

"Don't worry, Vice President Lin."

Qin Lan immediately said not to take it to heart.

Time passed slowly as Lin Shufang and Qin Lan chatted.

The press conference has not yet begun, but when nine o'clock approaches, the Hong Kong stock market is about to open.

Today's exchange is very lively. The stock that investors are most concerned about is naturally Hutchison Whampoa. Even if they don't buy or short sell, investors are still curious about how this stock will perform today.

Under the watchful eyes of investors, Hutchison Whampoa opened at HK$82.5, more than three percentage points lower, and its market value of more than HK$1 billion evaporated.

After the opening, Hutchison Whampoa's stock price fell towards the price of HK$80 and there was no looking back.

At this time, retail investors did not know the news, but the large investors with larger funds had already learned about the restrictions imposed on Lin Baicheng by the Supervisory Committee. Under the restrictions, not only Lin Baicheng himself was unable to use funds to buy Hutchison Whampoa stocks, but also Hutchison Whampoa It cannot use funds to repurchase stocks, which means that it is basically impossible to have strong bull resistance today.

From the perspective of the bears, this is a feast, and now they can make a fortune every time Hutchison Whampoa's stock price falls by one price.

In the main room of the Xiangjiang Exchange.

Henry Caesar, Michael Kadoorie, George Swire, and John Madden were reunited.

"This time, I want to see how Lin Baicheng can raise Hutchison Whampoa's stock price. I still don't believe that we can't make a big profit this time."

Seeing that Hutchison Whampoa's stock price was approaching HK$80, Michael Kadoorie beamed. Their British capital had plotted against Lin Baicheng many times, and this time it was considered successful.

"Lin Baicheng is on his way to the mainland now. I'm afraid he doesn't know what's going on here. Even if he has great abilities, it will be useless."

Henry Kaesik was also very happy. The success of short selling this time not only allowed him to avenge his previous failure, but also made a huge profit to make up for the losses of many previous failures.

To be honest, if the actions against Lin Baicheng failed every time and caused everyone to lose money, let alone other people, Henry Caesar would lose his confidence in targeting Lin Baicheng and would not be able to stand up to Lin Baicheng. Thoughts, in fact, the Caesarek family's money did not come from the strong wind.

John Madan sighed: "This is actually a good opportunity. If the Hong Kong government suppresses Lin Baicheng as a model like the Bay Island, we can not only make a lot of money from the stock market, but also his We can also find ways to get hold of enterprises, that way we can make more money.”

"There is no other way. Who allowed Lin Baicheng to feed our Sir Michael and the senior officials of the Hong Kong government so well, plus all the money was given to Lin Baicheng to take care of. Unless Downing Street orders the Hong Kong government to take action, the Hong Kong government will not take the initiative to suppress Lin Baicheng. of."

George Schweizer was sarcastic. What he was sarcastically talking about was Maliho. When they went to find Maliho yesterday, Maliho said righteously that he could not affect the economic development of Hong Kong, and could not push the Chinese into the opposite direction. They were all excuses. Everyone knows the real reason.

Because of the uncooperation of the Hong Kong government, Henry Caesar and others had no choice but to persuade the Supervisory Committee together with Shen Zou and let the Supervisory Committee impose restrictions on Lin Baicheng. Of course, they first persuaded Mailihao and others not to stop it, and then let the Supervisory Committee take action.

The reason why the Supervisory Committee took action this time was untenable, but it didn't matter. The British capital was already prepared to make one of them responsible. At most, this person was fired during Lin Baicheng's counterattack, and they gave him a sum of money to let him leave. Xiangjiang is it. Anyway, even if this limit is only one day, their goal has been achieved.

When British investors shorted Hutchison Whampoa, what they wanted to restrict was Lin Baicheng's large purchases of Hutchison Whampoa's shares in the past few days, rather than really preventing Lin Baicheng from being able to conduct stock transactions in the next month.

Henry Kasik said: "There is no point in saying this now. While Lin Baicheng is not in Xiangjiang now, let our people take action."

In order to short-sell this time, the British capital has certainly prepared more than one method. What they have to do is to continuously create negative effects and put constant pressure on investors holding Hutchison Whampoa shares, asking them to hand over their chips as the stock price continues to fall.

"We will definitely not fail this time!"

Several people were so confident that they could not imagine the possibility of losing this time.

The time soon came to ten o'clock in the morning, and a large number of reporters attended the press conference held in Hutchison Whampoa.

The reporters initially asked whether it was true that Lin Baicheng reduced his holdings and cashed out tens of billions of Hong Kong dollars. Faced with this question, Lin Shufang gave an affirmative answer, because this is the fact. If he lies, he will only be exposed by his enemies.

Subsequently, the reporter’s questions became more sophisticated, such as whether Lin Baicheng was not optimistic about Hutchison Whampoa’s development prospects, whether Lin Baicheng wanted to use the cashed-out funds to support mainland development, whether Lin Baicheng was cutting off shares from shareholders, etc.

Faced with these problems, Lin Shufang brought up the matter of Lin Baicheng's establishment of a charity fund, and said that the charity fund has been established and is currently recruiting people. It will soon start doing charity in Xiangjiang. All Xiangjiang citizens are welcome to supervise and so on.

Although reporters were a little surprised by Lin Baicheng's establishment of a charity fund, many reporters did not buy it because the charity fund has not yet begun to do charity. It is not certain whether it will really do charity in the future. Moreover, no matter how charity it is, it is not certain. It doesn’t cost 10 billion Hong Kong dollars.

Faced with the reporter's continued questioning, Lin Shufang could only answer that Lin Baicheng's reduction in holdings was due to the need for funds for better investment, and said that the specific investment could not be disclosed.

The press conference lasted for half an hour and ended with dissatisfaction from reporters.

Just after the press conference, Lin Shufang learned from others that Hutchison Whampoa's stock price had fallen below HK$80. According to Lin Baicheng's instructions, if the stock price is lower than this price, you can actually start buying it back, but you can't buy it now. , Lin Shufang immediately told Qin Lan to contact Lin Baicheng, and then left Hutchison Whampoa.

Although there were reporters following behind the car, Lin Shufang still took people to Xinhua News Agency, found President Li Fuquan, and asked him to help contact Lin Baicheng.

Li Fuquan was also paying attention to the development of the matter today, so he made preparations early and immediately took Lin Shufang to a place where he could contact the mainland.