Mixed in 1980

Chapter 331 Preparing to Buy at the Bottom
Xu Jinqiu pondered for a moment, then nodded.

The reporter loudly inquired about Xu Jinqiu's identity. Chen Fan, with his wife, stepped forward and gestured for the reporters to quiet down: "Xu Jinqiu is a well-known philanthropist in mainland China."

“The Xu Jinqiu Charitable Foundation, which she founded, has been building schools and teaching buildings and sponsoring impoverished students in mainland China since 1983.”

"To date, we have built more than 8000 schools and donated more than 1200 teaching buildings in mainland China, and provided financial assistance to more than 45 impoverished students."

"We have already invested US$14 billion, which is equivalent to more than HK$100 billion."

"She was also my first wife!"

As soon as he finished speaking, the reporters were stunned. It turned out that he had not found a new lover, but his original wife.

Everyone was amazed by her beauty, but even more amazed by her generosity. Every number Chen Fan mentioned was an astronomical figure.

However, no one knew about this.

Wanting to ask more questions, Xu Jinqiu simply nodded slightly, took her husband's arm, and walked out of the airport surrounded by bodyguards.

The car quickly drove into Deep Water Bay and arrived at the Suzhou-style garden. After entering the living room, Xu Jinqiu instructed the servants to prepare tea and let the men chat while she went back to her room to rest.

Chen Fan took out cigarettes and offered them to the two men: "Have you prepared your funds?"

Hua Sanshao lit a cigarette and laughed: "The funds are all in place. We've borrowed a lot from Hang Seng, HSBC, and Standard Chartered."

Da Liu sarcastically remarked, "Aren't we being quite unethical? The bank lends us money, and we're thinking of killing people. That's not ethical at all."

"When you try to reason with the British, you have to make sure they understand; their civilization hasn't evolved to that level yet."

Chen Fan lit a cigarette and said jokingly, "Whether we can make a fortune this time depends on HSBC and Standard Chartered. We'll only have a chance if we prevent them from supporting Hang Seng."

Liu said, "Don't worry, with all of us working together, both HSBC and Standard Chartered will be under a lot of pressure. We can also get a piece of their minds in the stock market."

HSBC, Standard Chartered, and Hang Seng are all listed companies.

Once a large amount of capital is withdrawn, triggering a run on banks, stock prices will inevitably plummet. Several of these companies that have joined forces have all bought bank shares.

Taking advantage of the bank run, they will inevitably sell off their shares, causing market turmoil, and ideally, they will leave HSBC and Standard Chartered unable to provide support due to their own predicament.

As for Hang Seng, they will definitely try to destroy it and drive down its market value so that they can acquire it at a low price.

The next day, Chen Fan rushed to the company.

Zhou Wenya brought over the documents and explained, "Our funds in Hang Seng consist of three parts. The first part is the original deposit."

"All of its subsidiaries have business dealings with Hang Seng, and their deposits are substantial, amounting to nearly US$18 billion."

"The second part is the $20 billion recently deposited by Spark Investment; the third part is the $12 billion from the sale of Chinatown Supermarket's British and Italian businesses."

After listening, Chen Fan nodded slightly: "Our family has 50 billion US dollars? Can Hang Seng come up with all of it at once?"

Zhou Wenya smiled faintly and said, "If it were before, Hang Seng could indeed come up with the funds, but recently there has been a lot of loan business, and the reserves are not enough, so it is definitely unable to make the payment."

The Li family of Li Hongying, the Li family of Li Zhaoji, the Zhao family of Hua Sanshao, as well as the Huo family, the Dong family, and Liu, are all wealthy families in Hong Kong.

Liu's assets are among the smallest.

Recently, they have all joined forces and are taking out loans from Hang Seng Bank. The bank naturally won't refuse, and every loan they make brings in a large amount of interest.

As for bad debts, they don't exist.

With the economy so good right now, what investment won't make money? Especially for those people who own a lot of popular industries, like real estate.

Besides them, there's also Xinghuo Real Estate.

Xinghuo Real Estate has been developing many projects recently and has taken out a lot of loans from HSBC, Standard Chartered and Hang Seng, with Hang Seng being the largest borrower.

Xinghuo Real Estate was also the most swift in its actions, spending all the money it received immediately, either on construction costs or material costs.

Large sums of money were spent, making the British and Americans envious.

Previously, Hong Kong's real estate development relied on importing building materials from Britain and the United States. However, after the rise of Xinghuo Real Estate, all materials were imported from the mainland, which eroded a large portion of the market. Building materials aren't exactly high-end, and prices are cheaper on the mainland, so Chen Fan had no reason to import them. Even the workers were from the mainland.

These alone can save a lot of costs.

After introducing the financial situation, Zhou Wenya then introduced the stock reserves: 1 million HKD in HSBC, 1 million HKD in Standard Chartered, and 1 million HKD in Hang Seng.

Not too many.

However, this is only Xinghuo Investment's stock. Several other companies also hold a lot of shares. If a run on the bank occurs and they all sell their shares at the same time, the impact on its market value will definitely be significant.

You can short sell, or you can buy at the bottom!
Large banks like HSBC and Standard Chartered may be affected in the short term, but they will recover soon, and it will be a good time to buy at the bottom.

"That's great. They've made so many arrangements. If the British can pull through, they'll be really impressive."

After learning the details, Chen Fan stretched and said, "Everyone should arrive early for tomorrow's reception to welcome the British. I hope to see their haughty demeanor again."

Zhou Wenya smiled wryly; Mr. Chen had a wicked sense of humor.

After agreeing, he went outside and brought in a stack of newspapers: "I think you'll be more interested in these; they're all reports about Teacher Xu."

After reading a few articles, Chen Fan smiled slightly. It was quite nice that Teacher Xu, who had been doing charity work for so long, made an occasional appearance.

Doing charity work is the easiest way to gain public favor.

No matter who it is or where they are, as long as they are genuinely doing charity, their reputation will be good, unlike those Western charities that are all show and no substance.

He took the newspaper home and said, "Teacher Xu, take a look at your report. It's full of praise."

Xu Jinqiu glanced at it a few times and tossed it aside, leaving only one copy for her husband: "This should be your favorite, right?"

"Absolutely!" Chen Fan said smugly.

The article is titled "Chen Fan's Amazing Charm, Three Extraordinary Wives: One Female Philanthropist, Two Female Billionaires".

"Keep gloating!"

Xu Jinqiu rolled her eyes at her and went back to her room to tidy up her dress and jewelry. She was going to attend a cocktail party tomorrow, so she could keep it simple, but not too understated.

The following day, on the evening of December 18, 1992!

Xu Jinqiu, arm in arm with her husband, arrived at the Repulse Bay Hotel and entered the luxurious banquet hall. She frowned slightly, clearly disliking such occasions.

I don't know many people.

Fortunately, Li Hongying understood her and came to stay by her side in advance: "This kind of occasion is just a business meeting, and everyone is putting on fake smiles."

"If someone greets you, if you're in a good mood, just smile and respond. If you're not, just nod casually. Don't worry about it too much."

"Isn't that a bit inappropriate?" Xu Jinqiu clicked her tongue inwardly, feeling that it was somewhat impolite.

Li Hongying laughed and said, "What's wrong with that? You'll know once you come. No one will dare to be dissatisfied with you. Even if you ignore people, no one will dare to say a bad word about you."

“Sister Ying is right,” Chen Fan added.

Xu Jinqiu rolled her eyes at her husband: "They won't say anything at the scene, but we won't know when we get back. Alright, go ahead and do your work. It's not like I don't know how to socialize."

"You guys find a place to sit first, I'll go and meet the British."

The British arrived earlier this time, all of them present before the reception began, unlike last time when everyone was late, especially the governor, who arrived half an hour late.

They're gathered together now, along with several Hong Kong tycoons. I don't know what they're talking about, but they seem to be having a good time.

Chen Fan turned around, his gaze sweeping across the venue, and found Hua Sanshao: "Hua San, come with me to chat with the British for a while."

"Ladies, please wait a moment."

Hua Sanshao quickly abandoned his female companion and strode towards Chen Fan: "Let's go see the smiling faces of the British. They won't be smiling tomorrow."

PS: Second update!
(End of this chapter)