Before the handover, it was widely rumored in Hong Kong that the Governor's House, the Hong Kong Jockey Club, the four major trading houses, and the Hong Kong Jockey Club controlled the city. Now, the Hong Kong Jockey Club still exists, but only one of the four major trading houses remains. The other two were acquired by Chinese capital, and one moved its registration overseas, leaving only one. The Governor's House has also become the Chief Executive's House.

Huifeng was transformed into HSBC and became British-owned. At the time, HSBC's shares were fully tradable, supposedly to allow all Hong Kong people to receive foreign exchange, but the management was firmly controlled by them, so it was still the same.

However, the actions of the overseas financial groups show that they do not want, or do not want to take control of HSBC's board of directors for the time being, and therefore they have given up the idea of ​​speculating on HSBC's stock.

The sharp drop in HSBC shares directly caused a significant drop in the Hang Seng Index, demonstrating HSBC's influence on the Hang Seng Index.

However, HSBC is now facing new problems. The sudden retreat of overseas financial institutions has given them a chance to breathe. But another issue is that there are rumors on the internet that they still have problems and that the losses this time may be even greater than last time.

Upon hearing this news, HSBC's stock price returned to around HK$3. In their view, the original loss of US$10 billion was already serious, and now there was another loss? This must be ridiculous.

Immediately, HSBC's management demanded an investigation to find out where the losses came from. They couldn't rest easy until they found out; they couldn't afford another blow.

On the other side, someone said, "Check who is buying our group's stock."

There's a reason for this. Although HSBC's stock price was falling, it stopped around HK$3. Despite such a large sell-off, the trading volume didn't decrease; instead, it increased. This made them feel that someone was buying up their shares.

"We have monitoring, and they are all long-term active accounts with no abnormalities. I guess they also want to take advantage of the situation, thinking that the price will rise later."

Since these are long-term active accounts, they no longer pay attention to them. There's a reason for this: they fear accounts that suddenly become dormant, which are worth their attention. As for these long-term active accounts, they don't care; such accounts are just easy targets for exploitation.

Retail investors' accounts have a characteristic: they don't like to sell when prices rise, but they quickly sell when prices fall. Moreover, the changes in the funds in these accounts also follow a pattern; for example, they don't make much money, but sometimes they lose a lot. They have mastered the pattern of such accounts, so they don't care about them. Retail investors are no threat.

Actually, their analysis is correct. However, there are as many as three to five hundred such accounts in Hong Kong. These accounts were cultivated by Zhang San in his early years and were specifically used for acquiring stocks. They can be said to be the best of the best in front-running.

The person who spread these rumors was Zhang San. He leaked all sorts of things, both true and false, online with the aim of creating panic and driving down the stock price.

Zhang San has never shorted HSBC, not because he was unwilling, but because he couldn't. The main reason is that if he did short it, as a local Hong Kong figure, he would naturally know immediately, and they would cause trouble.

This is why, when HSBC's stock price collapsed, they believed it was because one of the directors leaked the information and then sold off the shares in a large quantity.

Because they didn't discover that someone was shorting HSBC, they simply thought it was a sudden event and didn't pay attention to it. Only after the stock suddenly plummeted did they realize that the situation was somewhat dangerous.

Now, rumors are flying everywhere, naturally attracting the attention of many people. They have noticed that although the stock price has not fallen too much, the news is very unfavorable to HSBC.

Shortly afterward, the overseas financial group suddenly stepped forward, issuing an announcement stating that the sharp drop in HSBC's share price had deeply disturbed them. In order to ensure the safety of their assets, the overseas financial group would increase its holdings in HSBC over the next three months to ensure that HSBC's share price would return to its true value.

An overseas financial group holding more than 5% of HSBC's shares would naturally need to issue an announcement if it wanted to increase its stake. This announcement indicated that they might increase their stake within three months.

"A classic case of the emperor not being worried while the eunuch is, the actions of overseas financial groups are truly laughable, haha..."

"Overseas financial groups are probably worried about asset devaluation, so they're causing trouble here."

"Wouldn't this be considered making enemies of themselves?"

"I don't know how they're doing it, but I think they're serious about making money! If it can help me break even, I'll definitely sell my stocks."

While opinions were divided in the Hong Kong market, securities departments of overseas financial institutions had already begun buying, but they only bought low-priced stocks, not high-priced ones.

Meanwhile, retail investors also began buying.

However, due to certain factors, the stock price couldn't rise above 3.6, as there was a lot of selling pressure, causing it to stall. Then, the stock price started to decline...

When the overseas financial group announced its intention to increase its holdings, HSBC was somewhat confused. Were these rumors spread by them? Their judgment was based on who was profiting. When they saw that the overseas financial group had suffered significant losses, they suddenly stepped in to buy more shares. This made them feel that this buying was a self-rescue measure taken by the other party after realizing that they had suffered too many losses.

Under such circumstances, they naturally felt that this was not something that overseas financial institutions would do; they could not do such a thing that would hurt the enemy a thousand while harming themselves eight hundred, and the ones who would suffer losses were not them, but the retail investors... oh, the investors.

Investors in Hong Kong also discussed this matter, but they felt that the people from the overseas financial group were really low-class, extremely low-class.

Where does this idea come from?

They believed that such losses were too great, and instead of selling, the investors were buying more shares, which they considered to be the behavior of retail investors. It was truly astonishing that a top-five financial group in Hong Kong was behaving like a retail investor.

"I feel like if I had the money, I could start a financial conglomerate too, hahaha..."

Some retail investors found the actions of the financial groups quite amusing, which boosted their confidence. Not only them, but also HSBC, a competitor of overseas financial groups, felt that their actions were indeed very interesting, just like those of a retail investor, and their hostility towards overseas financial groups decreased considerably.

Many people were moved by the persistence of the overseas financial groups, and they sold their shares so that the overseas financial groups could buy more shares.

Meanwhile, the stocks held by overseas financial groups were also changing rapidly without much change, while the accounts of those hundreds of retail investors were growing very quickly.

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