Li Jianhui and others are only troubled by the sharp drop in corporate stock prices. Not only did Hang Lung and Hang Seng's stock prices halve, but they also experienced cash runs. Without strong support, it is difficult for the two major banks to survive this week.

Before eight o'clock on Friday morning, long queues had already formed outside major Hang Lung and Hang Seng business outlets, and many reporters were conducting on-site interviews.

At 9:30 in the morning, the three major stock indexes collectively opened lower, with most stocks opening with gaps. As more investigation information was released, HSBC was implicated by Hang Seng Bank and fell nearly 5% at the opening.

You must know that even if it fell sharply yesterday afternoon, HSBC's market value at the close was still HK$71.2 billion, and it had not fallen below the 700 mark.

As soon as the market opened today, the total market value dropped by HK$3.56 billion. I don’t know how many heads of investment institutions and investors were cursing in their hearts.

In the past few years, HSBC has been the banner on the Hong Kong stock market, just like Moutai in later generations of large A-shares. Countless institutions and investors have blind confidence in it.

There is a rumor in the Hong Kong stock market that if you don’t know what to buy, then buy HSBC.

In the past few years, HSBC has not disappointed investors. Its stock price has hit new highs, and today it is up nearly 70%.

Moreover, HSBC rose step by step, unlike many stocks that rose and fell rapidly.

But this time, HSBC's stock price fell by nearly 10% just after it opened yesterday afternoon and today. This has never happened to HSBC in the past few years. Even during the last Hong Kong run crisis, HSBC's stock price remained stable and not too big. of ups and downs.

HSBC is having a hard time, and other listed companies are also having a hard time. Bank stocks have collectively fallen, and real estate stocks have also suffered heavy losses.

Huihong Group, the largest listed company on the Far East Exchange, also fell 3.4% at the opening. Wharf, the largest listed company on the Kowloon Exchange, was also having a hard time. Affected by the overall situation, it fell nearly 3% at the opening.

Most stocks plummeted throughout the morning. On the Far East Exchange, many leading companies including Wheelock Land, Whampoa Holdings, Lane Crawford, and Bank of East Asia fell more than 10%, among which Taohua Datong fell more than 20%.

Not only the Far East Exchange, the United Exchange, and the Kowloon Exchange also had many leading companies plummet.

Capital is indeed bloodthirsty. After listening to Pang Yi's report, Li Jianhui knew that he was not the only one planning to buy the bottom in the late trading session.

Although the securities law can restrict registered major shareholders, it cannot restrict securities companies and hot money. So many companies were smashed this morning. Obviously, it is not just retail investors who contributed a lot. Hot money and securities companies also contributed a lot.

At 3:30 in the afternoon, stock investors and some small and medium-sized investment companies were still shrouded in the clouds of the stock market's collapse. With only more than half an hour until the market closed, Black Friday seemed destined.

In just two days, the three major indexes plummeted by nearly 20%. This was the biggest stock market crisis in Hong Kong since 1973.

What makes these investors even more worried is that no company has announced that it will enter the market to rescue the market, and the government has not released any good information.

It seems that the sharp decline in the past two days is just the beginning, and next week may usher in a more cruel situation.

At this time, the heads of the Xinjian Investment Department, East Asia Securities Department, Daoheng Securities Department, Yongan Securities Department, Xinhui Investment Department, Jiulong Holdings Investment Department, Guanghua Investment Department, etc. all issued orders to the company's personnel.

Phone calls within the company continued to be made, and the stock market, which had been falling, seemed to be stabilizing.

As soon as some keen managers saw this situation, they knew that there might be a big fund to support the entry. They were ready to take action. They had no intention of taking action for the time being and were ready to take a look at the market.

Most investors are not very clear. Although the stock price has stopped falling, it has not risen. They have lost confidence in the current situation of the stock market and are deeply afraid that the stock market will continue to fall. At this time, they accelerated the speed of taking action.

Even if some investment managers advised these investors to wait, it still had little effect, and investors were clamoring for help.

Donghuahui's entry into the market at this time disrupted many people's plans, and many were preparing to buy a large amount of stocks in the last ten minutes and call auction time.

Wait for the market to open on Monday and then suppress the market, then slowly buy in, and wait for the market to rise quickly at the end of Monday.

As a result, Li Jianhui and others did not give them that much time at all. It seemed that they were preparing to absorb a large amount of chips today and pull up the market.

They can guarantee that this weekend there will be a lot of good news for major companies in the Donghua Association, and there will also be news about financial rescue.

If they don't change their plan, let alone eat meat, they might not even be able to drink a sip of soup.

HSBC Securities Department, Standard Chartered Securities Department, Wing Lung Bank Securities Department, Sun Hung Kai Securities, Heung Kong Kwang On Bank Securities Department, Far East Bank Securities Department, etc. have also chosen to take action.

These capitals have been absorbing chips at the bottom for nearly half an hour. Seeing that the stock price is going to rise, they immediately place a big order to suppress the stock price, or even drive the stock price even lower.

Looking at the tens of thousands of orders, those retail investors couldn't hold on to the stocks in their hands, and they didn't even dare to increase their positions.

When a large order is placed, the securities department will receive whatever the retail investors and some investment institutions sell under the large order.

As four o'clock arrived and the call auction time entered, major securities companies placed a super buy order at the last moment, obviously preparing to buy all the seller's shares.

Other Investment Departments and Securities Departments Li Jianhui didn't know that the Xinjian Investment Department spent more than half an hour and spent 2 billion Hong Kong dollars.

As long as the stocks rise next Monday, there is still hope of making 100 million Hong Kong dollars. If the stock prices of these companies can return to the closing level at noon on Thursday, the profits will be close to 300 million Hong Kong dollars.

The operation of the securities department went smoothly, and Li Jianhui went to the 201 conference room with confidence to make arrangements for the Xinjian listed company issues.

After the market closed, those retail investors with some experience also saw the problem. It was okay for a company to rise at the close, but if dozens of leading companies raised their stock prices through collective bidding, then there was a big problem.

This is obviously because there are big funds buying the bottom, and it is probably those big financial groups. The investors who took over the high positions and were washed out today are full of annoyance, complaints, grief and anger, etc. in their hearts.

Even if they know that these capitals are shameless, they have no choice. Even if they know that they will be cut off, they still flock to them.

Fortunately, things have improved a lot now, and those major shareholders cannot reduce their holdings of shares at will to destroy the market, otherwise today will probably be even worse.

The Securities and Exchange Management Office didn’t know what was going on, but it was only at 5 p.m. that it announced that it was teaming up with a number of accounting firms in Hong Kong to carry out financial raids on leading companies including HSBC, Huihong, CLP Power, Hong Kong Standard Chartered, Wheelock Land, etc.

Review.

Companies such as HSBC, Wheelock Land, Lane Crawford, Whampoa Shipping Lines, Golden Princess Cinemas, and Wharf have already completed preliminary audits. Their finances are all normal and there is no fraud.

Many TV stations also broke the news that next Monday, shareholders of many listed companies will step in to rescue the market in order to maintain the relative stability of their company's stock prices.
Chapter completed!