Reborn as a tycoon in Hong Kong
Chapter 709: Visit the Hong Kong Government and basically recover (two-in-one)
At one o'clock in the afternoon, the Hong Kong stock market opened for midday trading.
Hutchison Whampoa's share price fluctuated upwards driven by buying orders, and the original slight drop in the share price turned into an increase.
After discussion at noon, the British capital decided not to suppress the stock price, but chose to buy back the shares.
Of course, it is impossible for British capital to continuously buy stock prices without limit. That would mean that British capital has become one of the main forces driving up the stock price. British capital is short-selling. The purpose of buying stocks is to cover the stocks sold and to make money. Rather than raising Hutchison Whampoa's share price.
During the discussions between George Schweizer and others, once Hutchison Whampoa's stock price is higher than 75 Hong Kong dollars, they will temporarily stop buying, observe whether Hutchison Whampoa's stock price will fall back, and then carry out targeted responses.
Lin Shufang and Mai Lihao agreed to meet at two o'clock in the afternoon, so at a little after one o'clock, Lin Shufang went to the Hong Kong Government with Qin Lan and others.
Lin Shufang brought many people to the Hong Kong government, but when she met with Mai Lihao in the Hong Kong Governor's Office, she only brought Qin Lan in.
"Ms. Lin!" "Assistant Qin!"
"Sir!"
Lin Shufang did not change her name to Cheng Lin Shufang after her marriage, which meant that she did not use her husband's family name, Cheng Yufeng, before her name.
There are many reasons why Lin Shufang did not bear her husband's surname. First, since 1971, many laws in Hong Kong have protected women's status in marriage, and then there is the unequal social status of the Lin family and the married family.
Although the Lin family is not an established wealthy family, there is Lin Baicheng, the richest man in Hong Kong. Although many families in Xiangjiang secretly ridicule the Lin family for being a nouveau riche, on the surface the Lin family is a wealthy family in Xiangjiang, and it is also a very powerful wealthy family.
The Cheng family where Cheng Yufeng lives is an ordinary family. The Cheng family and the Lin family are not equal. Lin Shufang is considered a married woman, so this is one of the reasons why Lin Shufang does not bear her husband's family name.
Mailihao asked his secretary to go out. There were only three people in the office.
After a few polite words, Mailihao took the initiative and said: "Ms. Lin, Assistant Qin, the reason why you came to me is related to the remarks made by Director Hankison this morning, right?" He did not pretend to be stupid, because there was no such thing. significance.
"Yes."
Lin Shufang nodded and said: "Sir, we just want to know, is this a statement made by Director Hankison from a personal standpoint, or does it mean that the Hong Kong government has reached a consensus? Does he mean what the Hong Kong government means?"
After hearing this, MacLehose smiled and said: "I think you should know that I am the Governor and he cannot represent the Hong Kong government."
"Of course we know, Sir, that you are the Governor, the highest decision-maker of the Hong Kong government."
Lin Shufang immediately complimented and said: "I feel relieved when I hear you say that, Sir. Mr. Lin has always told me that he has a deep friendship with Sir, and I am worried that something has changed."
Mai Lihao: "How could it be? Lin Sheng and I will always be good friends."
Qin Lan spoke up and said: "Sir, since the remarks made by Director Hankison are not the meaning of the Hong Kong government, do you think it would be up to you to issue a statement to clarify the matter, so as to prevent the outside world from thinking that the Hong Kong government is launching an investigation into Mr. Lin."
MacLehose expressed some embarrassment: "Hong Kong is a city with freedom of speech. Although I don't agree with Director Hankison's remarks, I can't stop him from speaking."
"But Secretary Hankison's inappropriate remarks have caused reputation and actual losses to Mr. Lam. The Hong Kong government has an obligation to prevent him from continuing to make inappropriate remarks. It is also what the Hong Kong government should do to clarify Mr. Lam."
"Mr. Lin reduced his holdings of Hutchison Whampoa shares, but this is a normal thing. Shareholders will choose to reduce their holdings when the company's stock price is high. The funds that Mr. Lin cashed out after reducing his holdings were placed in Galaxy The bank has not been transferred to the mainland. I believe the Hong Kong government can find this out immediately if they want to."
Qin Lan knew that it was very important for the Hong Kong government to clarify to the outside world. The Hong Kong government's clarification would not only gain the trust of the outside world, but also allow them to confirm that the Hong Kong government did not intend to suppress their boss.
"Of course I believe Lin Sheng!"
Maliho immediately expressed his attitude, and then said: "Let's talk to Hankison later to see if I can make Hankison realize his mistake. If Hankison can realize his mistake , publicly apologize, then the Hong Kong government does not have to speak out; if Hankison insists that he is right, I will speak out in the name of the Governor and the Hong Kong government to express my support for Lin Sheng."
"Sir, can this be done today?"
Qin Lan asked aloud and explained: "If Director Hankison or the Hong Kong government does not clarify to the public today, the outside world will definitely have a bad association and think that the Hong Kong government is really going to deal with Mr. Lin. Then Mr. Lin's business It will definitely be affected, and the reputation of the Hong Kong government will also be affected, which is not good for everyone."
"I'll take care of this before I get off work."
Mailihao made a guarantee that he had told Shen Porridge and others that he would clarify and explain to the outside world that day and would not let this kind of news continue to ferment for several days.
Hankison's remarks were of course written by British capital. Shen Chow and others initially approached Maliho, but Maliho refused after learning what he wanted to do. If he, as the governor, made such remarks, he would be in trouble. There is no room for relaxation unless he is transferred away from Xiangjiang.
Not to mention that MacLehose had to consider the attitude of Downing Street. He and Lin Baicheng had a very deep interest relationship, and the promises made by British capital were not worthy of him.
Later, the British capital retreated and did the next best thing, saying that they would find someone else to ask MacLehose not to stop the matter and let the relevant remarks ferment for a trading day. MacLehose also wanted to go further after leaving Hong Kong and returning to London, so he was unwilling to HSBC and several British-owned families were deeply offended, so he agreed after thinking about it for a while.
This is why Hankison’s remarks were made around 10 a.m., but there was no movement from behind the Hong Kong government.
"Thank you, Sir!"
After hearing Mailihao's assurance, Lin Shufang and Qin Lan quickly thanked them.
Lin Shufang said: "Mr. Lin will remember Sir's friendship. When Mr. Lin comes back, he will express his gratitude to Sir."
"No need to thank you, clarifying the facts is what I, the governor, should do."
Maliho smiled. He knew that Lin Baicheng had been targeted twice by the Hong Kong government because of this British short-selling, and he would definitely be dissatisfied. Therefore, he did not ask for Lin Baicheng's gratitude, as long as both parties cooperated. It's good that the relationship hasn't changed as a result.
After chatting for a few more words, Lin Shufang and Qin Lan said goodbye and left.
Lin Baicheng's extended Lincoln was parked outside the Hong Kong Government House. Lin Shufang and Qin Lan came in this car, implying that they came here on behalf of Lin Baicheng.
A stretched Lincoln on the move.
Lin Shufang said to Qin Lan: "Director Qin, do you think Governor Sir Mai is actually favoring Director Hankison?"
"Vice President Lin, have you noticed it too?"
Qin Lan heard this and said: "Sir Sir Mai just asked Director Hankison to publicly apologize, that's all. Everyone can see that Sir Mai doesn't want to deal with Director Hankison. In fact, before coming to the Hong Kong government, the Hong Kong government had never made any move. , I knew there was a tacit understanding between the Governor and Director Hankison or the British capital, and he had already known what Director Hankison would say."
"is that so?"
Lin Shufang couldn't help but frown after hearing this. She didn't expect this.
Seeing this, Qin Lan said: "Actually, this is normal. Although Mr. Lin has a good relationship with the Governor and some senior officials of the Hong Kong government, in the final analysis, it is an exchange of interests. In addition, Mr. Lin is a Chinese businessman, and his position is leaning towards the mainland. , when Mr. Lin and the British capital are hostile, they will naturally favor the British capital."
"This time, whether it was the Securities Commission or Director Hankison's remarks, they were all the result of the Hong Kong government's high-level bias towards British capital. Without the Governor's acquiescence, Director Hankson would never have made such remarks, even if Once the remarks are made, the Hong Kong government will refute and clarify them as soon as possible."
"But Vice President Lin, you have also seen that if we had not visited the Governor, the Hong Kong government would have acted as if they were unaware of Director Hankison's remarks and had no intention of clarifying anything for President Lin."
"Baicheng is really not easy!"
Lin Shufang was quite emotional. At this time, she deeply felt how difficult it was for her younger brother to achieve such achievements.
"In the final analysis, Mr. Lin made his fortune too quickly, and he did not rely on the market in Xiangjiang at the beginning. Otherwise, it would not be that easy for Mr. Lin to make a fortune. Even Chinese businessmen would stop him, let alone British capital."
Qin Lan said aloud that with current interests, anyone could be an enemy.
Lin Shufang nodded silently, seeming to understand.
Qin Lan said: "Vice President Lin, you still need to report the Governor's attitude to President Lin. However, in order to avoid accidents, you should wait until the results come out before reporting. After all, the Governor said that it will be handled before the Hong Kong government gets off work." this matter."
"I see."
Lin Shufang knew that she still had a lot to learn, not only in finance, but also in other aspects, otherwise she would be a vice president in name only.
"Don't forget about Mr. Lin being restricted from entering the stock market for trading."
Lin Shufang reminded Qin Lan that Qin Lan hadn't told her the outcome of the matter yet.
"Don't worry, Vice President Lin, our Secretariat will not forget this matter. Other assistants are following up on this matter."
Qin Lan responded immediately. She was not the only one in the Secretariat. How could she forget such an important matter? If she forgot, then there would be no need for the entire Secretariat to exist.
"It's good that you haven't forgotten, but it's useless if you haven't forgotten. You have to achieve results."
Lin Shufang shook her head as she spoke. If she had to wait another two or three days or even longer for the Securities Regulatory Commission to lift the restrictions, the short-selling funds would have almost profited and left the market by then, or the operation team led by Haruko Mouri would have Huangpu's stock price has risen, and it doesn't make much sense to lift restrictions at that time.
"Don't worry, there will definitely be results tomorrow at the latest!"
Qin Lan solemnly promised that she was not guaranteeing Lin Shufang, but her big boss. She knew the seriousness of the truth. The Secretariat had discussed it. If there was no good news tomorrow, they would definitely be in trouble, so they did not want to use some methods. Will not work.
"I hope so, Mr. Lin is very concerned about it!"
Lin Shufang smiled and said nothing more. After all, she was not the big boss, and Qin Lan was not her direct subordinate.
In the afternoon of that day, because the team arranged by Mouri Haruko continued to buy Hutchison Whampoa shares, Hutchison Whampoa's stock price fluctuated upwards. Although British investors stopped buying after the stock price exceeded 75 Hong Kong dollars and chose to wait and see, the operating team was not short of funds. , so the stock price is still going up.
However, without the long position of British Capital, the operating team did not buy at any cost, so the stock price rose slowly. When the stock price approached the price of HK$80, selling orders increased sharply, and the stock price became volatile.
After the sell order was digested, Hutchison Whampoa's stock price exceeded 80 Hong Kong dollars. However, after the breakthrough, the stock price rose a little and then immediately fell because the operating team stopped buying when Hutchison Whampoa's stock price was higher than 80 Hong Kong dollars. With this bullish position, the stock price will naturally not be able to hold on.
However, after Hutchison Whampoa's stock price fell below HK$80, the operating team began to slowly buy again, supporting Hutchison Whampoa's stock price in the range of HK$79, and then Hutchison Whampoa's stock price rebounded again.
After that, because there was no main force of the operation team, retail investors slightly raised the stock price, and then the stock price fell again.
After repeating this several times, Hutchison Whampoa's stock price fluctuated around HK$80, and the stock price could not go up or down for a while.
If you want Hutchison Whampoa's stock price to rise, without large funds continuing to sell short, the stock price can only rise after the selling orders are digested and as the number of retail investors who switch from idle to long increases.
Of course, when the stock price fluctuates up and down, if funds enter the market to go long, the stock price will naturally rebound immediately.
As the time came to 4 o'clock in the afternoon, the stock market closed. Hutchison Whampoa's stock price closed at HK$80.35. The trading volume for the whole day reached more than HK$4 billion, which can be said to be a huge amount.
Compared with the closing price of HK$70.8 on the previous trading day, today's stock price rose by HK$9.55, an increase of 13.49%. Compared with the 16.8% drop last Friday, it was slightly lower, but the difference was not very big.
It can be said that Hutchison Whampoa's gains today have basically recovered last Friday's decline. After two trading days, Hutchison Whampoa's stock price has only fallen slightly.
In the face of numerous negative news, Hutchison Whampoa's stock price only fell slightly, which can easily reverse the mentality of investors, from being bearish on Hutchison Whampoa to bullish on Hutchison Whampoa.
However, the stock market has closed today, and it will be tomorrow whether the change in investors' mentality will affect the stock price trend.
At five o'clock in the evening, Director Hankison, who had 'inadvertently' revealed to reporters in the morning that he wanted to investigate Lin Baicheng's move to reduce his capital holdings, held a small press conference in the Hong Kong government and formally apologized to Lin Baicheng, saying that he was A temporary worker misled me. The funds for the reduction of Lin’s holdings had always been in Hong Kong. The Hong Kong government believed that the reduction of Lin’s holdings was a free act of the market and did not think there was a problem. There was no need to investigate at all.
Everyone knows that the so-called temporary workers are nonsense and are an act of self-rescue by Hankison, but people are more concerned about Hankison's public apology and the fact that the Hong Kong government will not investigate Lin Baicheng.
People know that Xiangjiang will not target and suppress Lin Baicheng's companies like the Bay Island side, and the companies under his name will not be affected in Xiangjiang.
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