Chapter 693 [Financial Defense War! 】(1/2)
January 26, 1990, New Year's Eve.
After the renovation of Villa No. 79 in Deepwater Bay, Wu Guangyao and his family moved in;
For Wu Guangyao, this is his own Feng Shui treasure land and the ancestral home of the family he created.
At the New Year’s Eve dinner, a family of more than 20 people gathered around a custom-made large table, which was very lively;
Wu Guangyao's mother Zhou Xuefen, Wu Guangyao, Lin Yueru, Li Cui, Wu Xianshuo, Wu Xianyi, Wu Xiancheng, Wu Xianpeng, and his wife, ten grandsons, three granddaughters, and a total of 25 people had the New Year's Eve dinner together.
Wu Guangyao stood up, raised his wine glass happily, and said to his children and grandchildren: "Come on, everyone raises his wine glasses, I wish our family good health and good fortune as good as the East China Sea!"
Everyone stood up and toasted Zhou Xuefen with respect and love on their faces.
Wu Guangyao's mother is 78 years old this year. Since she came to Hong Kong Island, Wu Guangyao has increasingly regarded her as the person she respects the most;
The relationship between mother and son has always been very good. It is Wu Guangyao who respects Zhou Xuefen when he lives together. Zhou Xuefen always thinks about Wu Guangyao and rarely quarrels.
When he reaches Wu Guangyao's age, the more he feels he needs such an old mother, so Wu Guangyao always accompanys Zhou Xuefen to go out shopping and chat at home. At this time, his heart is the most peaceful.
Zhou Xuefen also stood up happily, picked up the cup, Wu Guangyao raised the cup with his right hand and naturally hugged the old mother gently with his left hand. The relationship between mother and son was very harmonious.
There is an old man in the family, like a treasure!
"Okay! Glory your family, your grandchildren have a successful career, your great-grandchildren are smart, and your family is a good one!"
"You are in good health, we are all well!"
The family is happy and has achieved prosperity and prosperity!
After dinner, after chatting with his family for a while, Wu Guangyao brought his four sons to the study;
At present, Wu Guangyao is almost in a semi-retired state and only serves as the chairman of the board of directors of various group companies. The specific affairs are under the responsibility of four sons; this practice is a common practice for Hong Kong rich people, and Lee Ka-ki and Cheng Yu-tung both handed over their careers to their sons last year.
Of course, we are not quitting the matter. Once there is any major change in the company, we will appear in the company again.
Wu Xianshuo took the initiative to say: "Father, the largest container terminal in the UK, the Port of Felidus, has been negotiated. After the New Year, I will sign the contract. By then, the number of global shipping ports will reach 56."
Wu Guangyao nodded and said, "Not bad! You can talk about the port of Panama for your next goal!"
Wu Xianshuo thought for a while and said, "The Port of Panama is located in a fortress in the Americas. Will it attract the attention of the US government!"
Wu Guangyao smiled and said, "That's natural, so you need to find allies! And the key point is the Panama government, they definitely want to make money; as for the US government, after you have agreed, just give it a blow to the media, saying that you are just a businessman and will not compete for control of Panama. In short, there must be difficulties, it depends on how you deal with it!"
Wu Xianshuo said seriously: "I understand!"
Wu Guangyao has completely handed over the overseas port affairs to Wu Xianshuo for discussion;
However, in the future, Wu Guangyao may have to negotiate with the mainland ports personally, especially Shanghai Port and Yantian Port, which cannot be missed;
Speaking of which, Wu Guangyao helped the mainland to take the No. 8 container terminal in Kwai Chung, Hong Kong Island. I believe the mainland will also vote for it with joy.
Wu Xianshuo said again: "I plan to start this year in Phase 3, 4 and 5 of Gangwei Building!"
There are five buildings in Gangwei Building, two have been built so far, which has also brought the commercial area of the entire Hutchison Whampoa to 7.3 million square feet;
If the remaining three buildings are built, it will be the final form of Hutchison Whampoa: five buildings of Harbour City Maritime Transport Building.
Wu Guangyao said: "Build it! There are also the former site of Chaguoling Oil Depot and the former site of Ap Lei Chau Power Plant. It is time to launch two large-scale villages!"
These two pieces of land have been covered for many years, so it’s time to take them out!
However, it was not Wu Guangyao who deliberately wanted to cover up. In recent years, its real estate companies have mainly developed Tin Shuiwei, so they have left these two large-scale house village plans.
Wu Xianshuo said: "Well, I'll make arrangements right away! Father, I plan to let Lao Fengxiang Jewelry participate in these two large villages!"
Wu Guangyao smiled and said, "Just talk with you brothers!"
Although the four brothers were not born to the same mother, they lived together since childhood and had no problems with their relationship;
Because Wu Xianpeng was born by Li Cui, he had relatively few assets, but he has participated in more investment projects over the years and has begun to grow. If the mainland gold jewelry market is developed later, Lao Fengxiang will have a great opportunity for development.
Next, the sons reported some work matters one by one, and Wu Guangyao gave some opinions;
Because Wu Guangyao rarely goes to the company recently, he sometimes talks about work at home.
...........
In August 1998, the Hong Kong financial crisis broke out completely.
Before this, international speculators had already plundered Southeast Asia, Japan, South Korea and other places, leaving behind a mess.
In early August, rumors were flying in the market, speculators declared that r m
The operation methods of these speculators are very simple: they use financial futures means to buy Hong Kong dollars with 3-month or 6-month Hong Kong dollar futures contracts, and then quickly short, causing the Hong Kong dollar interest rate to rise sharply and the Hang Seng Index plummeted, making huge profits from it.
The total amount of one-to-two-year Hong Kong dollar bonds issued in Hong Kong in the first half of the year was about US$30 billion and the annual interest was 11%. These international financial institutions swap these Hong Kong dollars into US dollars, and the main ones borrowed Hong Kong dollars were hedge funds. These Hong Kong dollars became low-cost bargaining chips for hedge funds to attack the Hong Kong financial market, giving speculators favorable conditions for arbitrage in the foreign exchange market. Hedge funds bought a large amount of forward dollars in the foreign exchange market to balance risks.
The banks under the Wu family were already making arrangements for the time being, taking a large number of Hong Kong dollar debts issued by the Hong Kong government into their own hands; this situation would lead to insufficient ammunition in international speculators sniping Hong Kong finance this time.
On August 5, international speculators officially showed their fangs and sold about 18 billion Hong Kong dollars; the Hong Kong Monetary Authority changed its past passive practices and used Hong Kong's fiscal reserves to absorb them in full, stabilizing the foreign exchange market at the level of 1 USD to 7.6 Hong Kong dollars, and the interest on lending in interbank markets did not rise or fall.
In the trading room of Everbright Securities, a group of people were staring at the LCD monitor with all their attention; at this time, securities trading was completely computerized.
Wu Guangyao, Wu Xianyi and his son also supervised the battle in the trading room, with the goal of boosting the Hong Kong stock market.
In this battle, the Wu family and the Hong Kong government and the mainland have reached an agreement, with the Hong Kong government responsible for foreign exchange, stock index, etc., and the Wu family is responsible for raising the Hang Seng Index.
Because August 28 is the settlement date for Hong Kong's Hang Seng Index Futures. As long as Hong Kong's foreign exchange and stock market rise in August, the stock index futures of overseas speculators will definitely lose money; because they understand that speculators bet on a large number of short positions in futures in August, so even if they turn positions, the cost of turning positions is very high (turn to September), and once they close their positions normally, huge losses will inevitably be avoided.
On August 5, the stock market opened in the morning.
Wu Guangyao ordered: "Order!"
The traders were busy with excitement!
There is no way, the one behind is a great god. He seems to have retired in the past few years, but this time it actually alarmed him;
Everyone is very confident that those foreign speculators will return Yusha this time.
Wu Guangyao and his son also had smiles on their faces. Those overseas speculators have not investigated the strength of the Wu family this time, so they are too careless!
The cash flow of the Wu family is similar to the Hong Kong government's foreign exchange reserves (US$100 billion);
Of course, only one-third of this money stays in Hong Kong, but it is easier to use than the Hong Kong government’s foreign exchange reserves!
In his previous life, the Hong Kong government won this financial defense battle and used less than 15 billion US dollars!
At this time, the Hang Seng Index was around 10,000 points, down 2,000 points from its peak in 1997;
Because the previous battle was not a decisive battle and the Hong Kong government did not join in, Wu Guangyao naturally would not participate too much in the previous overseas speculators' activities to suppress the Hang Seng Index;
But some rescue measures have been taken, otherwise the Hang Seng Index would never have 10,000 points;
In his previous life, Hong Kong's Hang Seng Index was more than 6,000 points in early August, and 10,000 points in 1997, and fell more than 3,000 points before the final battle.
In this life, the emergence of Wu Guangyao changed Hong Kong's economic structure and size, so it increased by 20%.
This behavior of the Wu family also made overseas speculators feel that the Wu family's financial strength is not that strong, so this time it is full of confidence.
As Everbright Securities' buy orders fell one by one, the Hang Seng Index began to rise sharply - 10050 points...10100 points...10180 points...10230 points...
At the closing of the afternoon, the Hang Seng Index was pushed up by 10,300 points, rising instead of falling, which surprised all financial people.
.....
"Sheit, that's the one who takes action!" Soros had a hint of solemnity on his face. Who doesn't know the power of Guangyao family office? Wall Street bosses, and the Losheil family didn't suffer any losses in this family office.
"What should we do?" A subordinate said in panic as if he had met the future.
"What else can I do? I can only continue to sell the Hong Kong dollar and suppress Hong Kong's financial market! You go to a few media to spread some unfavorable news, I will contact other speculators, everyone will work together, and be sure to defeat Hong Kong's finances before the futures trading day, otherwise we will generate a lot of losses." Soros stabilized his expression and said.
This time, international speculators are careless!
Everyone was in Southeast Asia, and Japan was invincible, and they immediately looked down on Hong Kong, and then came to Hong Kong with a great victory;
In addition, everyone achieved some small results in the first half of the year, so they were a little proud!
Now that experts take action, these speculators are suddenly panicked.
....
The Wu family did much more than that. On the wireless news station that night, various Hong Kong experts took turns to sing about the Hong Kong economy;
"Those international speculators have completely found the wrong place this time. Hong Kong is not other countries and regions. Hong Kong's economic and industrial structure is very perfect; especially in the field of science and technology, electronics, automation machinery, and biology are all at the advanced level in the world; the real economy and finance have jointly formed a strong Hong Kong, so international speculators are doomed to fail this time!" An expert said confidently.
"The mainland has made full support for Hong Kong. The mainland's foreign exchange is 130 billion US dollars and Hong Kong's foreign exchange is 100 billion US dollars. The combined funds have exceeded Japan's total foreign exchange of US$205 billion, ranking first in the world..." An expert analyzed the strength comparison.
"Some blue-chip listed companies in Hong Kong have announced their increase in their holdings in the company and have decided to pay dividends for half a year. This is why the Hang Seng Index rose today..."
"Dear investors, don't throw away the chips in your hands, because you will lose a lot of benefits!"
That night, the Hong Kong public opinion community seemed to have unified its attitude, that is, to sing the battle to defend Hong Kong's financial situation well.
There are also reports from mysterious people that the Wu family has begun to enter the market, and the scale of funds is far greater than that of the national speculators.
For a moment, the superiority of Hong Kong people emerged!
At this time, Hong Kong ranked first in the world in terms of GDP per capita, with technology and finance as well. It has long had a strong sense of self-confidence backed by the market of hundreds of millions of people in the motherland.
Some time ago, the reason why Hong Kong stock market fell was mainly due to the impact of the Southeast Asian financial crisis and the suppression of international speculators;
Now that someone has stood up, everyone is immediately filled with confidence.
......
To be continued...