December 21st.

Acquisitions of Hong Kong's financial industry began in the summer.

Because the current phenomenon of squeezing in Hong Kong is spreading, many banks, investment banks and financial companies are in danger, so when they are invested and acquired, their voice is extremely weak. It can almost be said that there is no capital to speak.

Therefore, summer's investment and acquisition were extremely smooth, and it was used to describe it as "destroying and destroying"!

There are hundreds of Hong Kong banks, of which the head office is located in Hong Kong, which means a total of 31 locally registered banks. Among them, there are two British-funded banks, six Chinese-funded banks, and twenty-three local Chinese-funded banks.

In addition, there are more than 100 foreign banks set up branches in Hong Kong, especially the US and Japanese banks. Among them, there are 20 US-funded banks and 30 Japanese-funded banks.

Among them, banks with China, the United States, Japan and Britain backgrounds cannot reach the brink of bankruptcy for a while because of the assistance of the head office, so naturally they cannot make a mistake in asking for summer. The main ones he is acquiring are the more than 20 Chinese-funded banks.

...

In addition to acquiring banks, there are licensed deposit acceptance companies and registered deposit acceptance companies (also known as financial companies) in the summer.

Hong Kong banking industry is mainly divided into three levels. The first level is a licensed bank with a capital of at least HK$100 million and can engage in deposits, lending, foreign exchange, investment, trust, insurance and other businesses. The maximum deposit interest rate is restricted by the Banking Association;

The second level is a licensed deposit acceptance company with a minimum capital of HK$100 million, mainly engaged in merchant banking and capital market activities, and the minimum deposit acceptance amount is 500,000 Hong Kong dollars. A licensed deposit acceptance company with a deposit interest rate is not subject to any restrictions;

Level 3 is a registered deposit acceptance company with a minimum capital of HK$10 million and a minimum limit for receiving deposits of 100,000. You can engage in loans, stocks, bonds, foreign exchange, gold, insurance agency and other businesses, and its deposit interest rate is also unrestricted.

In Hong Kong, licensed deposit receiving companies and registered deposit receiving companies are far inferior to those of licensed banks (in 1990s, the total assets of licensed banks accounted for 93% of the total assets of the banking industry.), but they actually have their advantages.

First, although its assets are small, they also have more than 200 billion Hong Kong dollars in total. Before, it is equivalent to the market value of a Tianxia Group;

Second, it also has a large amount of collateral assets, and it is also expensive. Once the Hong Kong economy collapses and the people cannot repay the loan, all of these assets will belong to the summer.

Among mortgaged assets, real estate is usually the main one, such as real estate, land, structures, etc. Receiving these assets will also be of great help to monopolize Hong Kong's real estate industry in the future in the summer.

...

In addition, insurance companies and investment companies are also the target of summer acquisitions.

Many insurance companies in Hong Kong are now facing a squeezing situation. Many insured people are worried that the insurance companies may collapse after the economic collapse, so they have withdrawn their insurance. In this case, insurance companies naturally face the problem of shortage of funds.

The same is true for investment companies. A large number of people withdraw funds, which also makes them anxious. In this case, they also need financial assistance.

Although they are short of funds now, they still have a lot of assets, such as stocks, bonds, real estate, etc., which are just difficult to cash out in time.

If you invest or acquire now in Xiatian, you can acquire these assets at a very cheap price.

Although these companies do not want to be "robbed" by summer, they are still forced to lower their heads when facing a crisis of squeezing.

...

Seeing Xia Tian waving money and making big acquisitions in the financial industry, others saw it and were greedy.

To be honest, taking advantage of the situation is the most enjoyable. In the past, assets worth billions may now be worth more than one billion. In line with the old saying, people do not have wealth without fortune, and horses do not have fat without night grass.

But no matter how envious they are, they can't do it like summer.

First, they do not have enough funds. Under this crisis, hundreds of millions of Hong Kong dollars are just a drizzle. Billions of Hong Kong dollars are barely qualified to participate, and hundreds of billions of Hong Kong dollars can only be free for a while. Only with hundreds of billions of Hong Kong dollars can you control the overall situation.

Although there are several consortiums in Hong Kong that exceed 10 billion yuan, there is not so much cash. So although they are very envious, they can only enjoy doing things without money.

Second, after the Hong Kong economy was defeated this time, I don’t know when it will be able to recover. Although the acquisition of these assets is cheap, I don’t know when I can make a profit. If it delays for seven or eight years, it will be troublesome. Therefore, many consortiums rarely dare to invest at this time even if they have money.

However, Xia Tian didn't care about these things. He knew that after Hong Kong returned to the mainland, the mainland would definitely focus on developing Hong Kong. Because it is a window for mainland investment promotion and the best springboard for foreign capital to enter the mainland.

Hong Kong's economic prosperity is very important to the mainland. So although its prospects seem to be bleak now, the future is actually full of sunshine. Now, when you acquire assets at a cheap price, and wait a few years, you will have several times or even dozens of times the profit, so he will naturally enjoy it.

...

Just as he was busy with acquisitions in the summer, Soros was also constantly selling Hong Kong dollars.

In the past two days, he has been selling 270 billion Hong Kong dollars, or about 34.6 billion US dollars.

Such a huge number of Hong Kong dollars were sold, which had a huge impact on the Hong Kong dollar exchange rate.

After seeing this number, international speculators couldn't help but pull up the sirens in their hearts.

The Hong Kong government's foreign exchange reserves are only more than 80 billion US dollars, but it is impossible to use them all to repurchase Hong Kong dollars. It would be amazing to use half of them at most.

And now, 34.6 billion US dollars is nearly half the warning line.

Whether to sell the Hong Kong dollars you hold has become a difficult problem for international speculators to think about.

If you sell, it may cause the Hong Kong dollar exchange rate to collapse. At that time, you will sell the Hong Kong dollar at a low price and lose money;

If you don’t sell it, the Hong Kong dollar exchange rate may collapse. At that time, the Hong Kong dollar you have in your hand will depreciate and lose money.

Sell ​​or not to buy, this is a problem.

...

International speculators are under great pressure, and the pressure from the Governor's Office is also considerable.

Now Hong Kong is in chaos, with exchange rates hitting, stock markets and futures markets plummeting, banks squeezing, supermarkets rushing to buy... These scenes are like the end of the world is coming.

But in the face of such a dilemma, they are helpless.

The Governor of Hong Kong reported to the UK as early as the sniping began. Later, seeing that the situation was not good, he hurriedly asked the UK for help, hoping to obtain financial support.

After all, it is difficult to compete with international hot money with Hong Kong's own strength alone.

But to his disappointment, Britain's response to the matter was very slow and there has been no formal reply yet.

"These damn politicians!"
Chapter completed!