v3 Chapter 1049： Xia Yu knifed the exchange

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"Norman Shiyahuai went to the hospital?"

Hearing the breaking news from Wang Qi, Xia Yu looked inexplicable, and the news surprised him.

"I heard that the company’s stock price plummeted and triggered the HSBC mortgage cordon. Norman Shiyahuai could not bear the blow. He passed out at Swire Financial. Many employees of Swire Financial witnessed him being taken away on a stretcher. ."

"The specific situation is still being confirmed."

"But I guess the news won't be false."

"Because of this negative news, the stock prices of Swire Group and other companies have plummeted."

Wang Qi replied solemnly.

Xia Yu chuckled and said: "Norman Shi Yahuai fainted at an untimely time. He gave himself a knife. Even if he wakes up and knows the situation, he doesn't know whether he can withstand the blow or faint again... "

Wang Qi couldn't help but smiled and said, "It's hard to tell. If he wakes up late, the situation of Swire Group will be more serious, and he is afraid that he will not be able to withstand a more severe blow."

Xia Yu smiled, and didn't worry about Norman Shi Yahuai anymore.

He looked at him and said to Wang Qi: "Originally, it was conservatively estimated that the Hang Seng Index would fall to about six hundred and fifty points at the latest next week, but today we got the bankruptcy and Norman Shiyahuai's two assists. This week it will definitely fall to six hundred and fifty points, and the trough is likely to be even lower."

"Neither the Swire Consortium nor the Carrian Group can turn around, so we have to be prepared to buy the bottom."

Wang Qi emphasized his head and replied: "Okay, I will sort out the preparation work again to make sure nothing is lost."

"Ok!"

...

Norman Shiyahuai was the soul of the Swire Consortium, and his fall was a devastating blow to the Swire Consortium.

Xia Yu will not be merciful because Norman Shi Yahuai has not awakened.

Under his instructions, in the afternoon, the detailed debt situation of the Swire Group and the Shi Yahuai family was circulated, and news of the insolvency of the Swire Group was also widely circulated in the city.

Norman Shiyahuai did not wake up until the stock market closed that afternoon.

But the market value of the Swire Group has fallen to 2.86 billion Hong Kong dollars.

The market value of Swire Godown was closed at 700 million and more than 10,000 Hong Kong dollars.

Swire Shipping’s market value closed at more than 920 million Hong Kong dollars.

As for Swire Industrial Group, since Jiuding Securities did not try to raise money anymore, Song Bo also received Xia Yu's notice not to interfere too much, so the market value fell to more than 1.34 billion Hong Kong dollars.

Rao is that the market value of these companies has fallen to such an extent that they are still a handful of higher P/E ratios in the entire stock market.

Calculating carefully, the market value of Swire Group has only shrunk by about six tiers compared with the market value when the Hang Seng Index was more than 1,800 points.

Companies such as Swire Warehouse have lost less than half of their market value.

When the stock market closed on Wednesday afternoon, the Hang Seng Index had fallen to a trough of 662 points, which was nearly two-thirds lower than when it was more than 1,800 points.

If compared with the Hang Seng Index, the market value of the Swire Group has fallen to HK$2 billion.

Not to mention that because of Norman Shiyahuai's series of loan operations, the debt ratio of Swire Group is much higher than that of other companies in Hong Kong stocks, and the market value has fallen to 2 billion Hong Kong dollars.

Closer to home, there was another episode that afternoon, when another small bank declared bankruptcy, which made the entire banking industry more panic.

It's half past six in the evening.

Xia Yu and Li Qian arrived at MacLehose's house on time and was warmly welcomed by MacLehose and his wife.

This is the second time Xia Yu has come to MacLehose's house with Li Qian.

"Mr. Xia, please have tea."

After a polite greeting, Xia Yu and Li Qian sat on the sofa together, and MacLehose's wife poured a cup of tea for Xia Yu.

"Thank you!"

...

Simply drinking tea and chatting, half an hour passed in a flash, and the sumptuous dinner was fine. The MacLehose couple greeted Xia Yu and Li Qian to share dinner.

After dinner, MacLehose's wife, like the last time, left with Li Qian, and gave the living room to the two men to discuss matters.

After taking a sip of tea, MacLehose sighed and said, "Mr. Xia, today is September 3, and my term of office has run out of time."

"Think about it carefully. I came to Xiangjiang in 1971. In less than two years, an unprecedented stock market disaster broke out. Xiangjiang’s economic and social order suffered a huge impact and destruction. The period when the stock market disaster broke out was my most tormented day. But I got through it."

"In the past nine years or so, I think I am responsible for the people of Xiangjiang, and Xiangjiang has become more and more prosperous in my hands."

"But I didn't expect that at the end of my political career, when Xiangjiang successfully restored prosperity and surpassed the achievements before 1973, the stock market crash broke out again, destroying the prosperous Xiangjiang to this point."

"This is an unprecedented blow to me, who is 64 years old."

"Can you imagine how I feel?"

MacLehose looked directly at Xia Yu during the whole speech.

Xia Yu could really feel that MacLehose was showing his true feelings.

Of course, Xia Yu also saw a meaning from MacLehose's eyes that seemed to see through the world-I know you played a big role in this stock market disaster.

Xia Yu is not surprised. As the Governor of Hong Kong, MacLehose must know more than ordinary people.

What's more, this stock market crash was originally because Jiuding Securities gave up its competition with the Swire Consortium as the starting point, and it was indeed inseparable from him.

Xia Yu said with emotion: "Mr. Governor, I can understand your feelings."

"I also know that the stock market crash this time has something to do with me. For this, I apologize to you."

"But the main responsibility for this stock market disaster is not with me. Even if I did not fight with the Taikoo Consortium, this stock market disaster will happen like this. Maybe it will not be as violent as it is now, but the final outcome will not be better than it is now."

MacLehose invited Xia Yu over tonight, not to question Xia Yu, but to ask him for help.

And he really wanted to know how Xia Yu viewed this stock market crash. If he could find all the reasons from Xia Yu, he would be able to deal with it in a targeted manner.

"Mr. Xia, what do you think caused the stock market crash that only broke out in Xiangjiang?"

"Mr. Governor, my think tank has already analyzed the reasons for the stock market crash..."

Xia Yu had basically told Wang Ping the answer to this question before, and now MacLehose asked it, and he told it in a familiar manner. MacLehose listened very seriously, as if he were a primary school student who was listening to the class.

In Xia Yu's account, the battle between him and the Taikoo Consortium was just an incomplete introduction. The signs of the stock market disaster appeared when the Bank Association raised interest rates. His struggle with the Taikoo Consortium temporarily concealed the stock market disaster and postponed it.

The most important reasons for the stock market crash were the problems with Xiangjiang’s own economic structure; the lack of standardization of the securities market; and the mainland’s statements on the future of Xiangjiang.

The collapse of the myth of Carrian’s fraud and the bankruptcy caused by the two major events are important reasons for the stock market crash to become more serious.

After listening to Xia Yu's recount, MacLehose suddenly became clear, and his resentment towards Xia Yu disappeared a lot.

The reason has been found. MacLehose has a certain degree of confidence in reducing the losses of the stock market crash. He also feels that it is a wise choice to invite Xia Yu over tonight.

He solemnly asked Xia Yu: "Mr. Xia, in your opinion, to what extent will this stock market crash reach its trough?"

Xia Yu thought for a while and said uncertainly: "It is difficult to say, depending on the severity of the consequences of the banking crisis. Today, three banks have failed, and there are still many banks dragged down by the Carning Group. These banks are also on the verge of bankruptcy."

"And there are many banks associated with the Swire Group. I did not expect that the Shi Yahuai family would be so crazy and let the Swire Group carry such a high debt. Now the Swire Group and the Shi Yahuai family are definitely unable to repay their debts. If this causes some banks to fail, then The problem will be more serious."

"It's not impossible for the Hang Seng Index to fall below 500 points!"

In the last sentence, Xia Yu was mostly used to intimidate McLehose. Anyway, there is uncertainty, as long as he doesn't blow it too far.

If he really did, the Hang Seng Index would definitely be his credit for not falling so low.

After listening to Xia Yu’s words, MacLehose showed self-blame and sighed and said: “If you say so, I am also responsible. I shouldn’t have issued so many bank licenses two years ago, which led to the ability to resist risks. There are so many weak small banks."

Xia Yu comforted: "Mr. Governor, you don't have to blame yourself. This has little to do with you. Even without these small banks, the Carrian Group will find loans from other banks, and the debt pressure will be transferred to other established banks."

MacLehose laughed at himself, and didn't dwell on it anymore.

After he cleared up his emotions, he solemnly said to Xia Yu: "Mr. Xia, you are the only one who has the ability to save Xiangjiang from this stock market disaster. I hope you can stand up and help me and all Xiangjiang citizens. busy."

With such a high hat on Xia Yu's head, Xia Yu couldn't retreat, and he didn't want to retreat.

He said with a serious face: "Mr. Governor, Xiangjiang is my hometown. As a member of Xiangjiang, it is what I should do to contribute to the economic development of Xiangjiang."

MacLehose said gratefully: "Mr. Xia, thank you!"

"Mr. Governor, I don't know where you plan to let me start?"

After Xia Yu asked the question, MacLehose immediately replied: "The most important thing now is the bank run and bankruptcy crisis. Now the three that have failed are all small banks, but if the next medium-sized bank or Dah Sing Bank fails~www. novelhall.com~ Then the problem will be more serious."

"I hope Jiuding Bank can give them sufficient financial support when these banks are about to fail."

"As for the bank that was dragged down by the Carrian Group..."

Speaking of this, MacLehose was silent for a long time. He didn't make it difficult for others. Instead, he sighed and said: "If there is value in saving, you will save. I will make you receive it at a low price or even free of charge. Value... just let them go bankrupt."

This requirement is not excessive.

Xia Yu nodded and said, "This is no problem, I will try my best."

MacLehose showed a smile and thanked Xia Yu: "Thank you!"

After thanking you, the living room fell silent, and neither MacLehose nor Xia Yu spoke.

Continued silence is a bit embarrassing. Xia Yu thought for a while and said to MacLehose: "Mr. Governor, the bank crisis can be resolved for the reasons I just mentioned. The economic structure of Xiangjiang is actually being resolved, but it will take a certain amount of time. Only when the Yuen Long Science and Technology Industrial Park can achieve results, there is only the most critical issue of the order of the securities market, which is the basis that determines the ceiling of the HeungKong capital market."

"This must be resolved as soon as possible."

MacLehose frowned slightly and asked uncertainly: "Mr. Xia, what do you think?"

Xia Yu narrowed his eyes and revealed his true purpose: "The efficiency of the merger of the four institutes is too slow, and they are still arguing with each other. According to this progress, if you want to truly build a perfect stock exchange, there are no five or six. It won’t be realized for years."

"Li Fuzhao and others are too selfish and lack sufficient perspective on the overall situation. They are not the ones who get things done."

"I think this matter should be re-planned from the Hong Kong government level and let the capable people do it!"

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