My Age of Investment

   Chapter 1163 Market value evaporated by 500 billion

   After spending a few days with Christina and her children in Silicon Valley, Xia Jingxing set off for Hong Kong Island.

   The group got off the plane and went straight to Central by car.

   Ye Shuhui personally led a team to meet Xia Jingxing at the airport. On the way back, she sat in the same car with Xia Jingxing.

   Along the way, she kept her mouth shut and couldn't wait to report the investment results of the Hong Kong Island Office to Xia Jingxing.

   "As of today, October 7, all our short positions have been closed."

   "The current share price of Yellow River Industry has fallen to a low of HK$40, a drop of more than 70% from the high of HK$144 at the beginning of the year. The market value has evaporated by more than HK$240 billion, and the Li family's worth has shrunk by HK$138 billion."

   "The current share price of Lai Kee Huangpu has dropped to HK$30, which is about 66% lower than the high of nearly HK$90 at the beginning of the year. The market value has evaporated by HK$256 billion, and the Li family's worth has shrunk by HK$167.5 billion."

   "The stock price of Lai Kee Telecom International has dropped to HK$5, down about 56% from HK$11.35 at the beginning of the year. The market value has evaporated by HK$30 billion, and the Li family's worth has shrunk by HK$25 billion."

  …

  Xia Jingxing laughed directly, "The three companies have lost more than 500 billion Hong Kong dollars in market value, and then the Li family's worth has shrunk by 330 billion Hong Kong dollars?"

   Ye Shuhui nodded heavily, and then she couldn't help laughing, "This data is actually calculated by Hong Kong media, and it is a little exaggerated.

   They added 80 billion Hong Kong dollars to the shares of the Li family, and also calculated the loss according to the stock price from the highest point at the beginning of the year to the lowest point today, which is very unreasonable.

  For example, when Li Huangtai increased his holdings of Yellow River Industry, the cost of the increase was more than 90 HKD/share, and the media calculated the loss based on 144 HKD/share at the beginning of the year.

  We have calculated internally that the real floating loss of the Li family should be less than 300 billion Hong Kong dollars, and only more than 280 billion Hong Kong dollars.

   Among them, 240 billion Hong Kong dollars is the huge floating loss caused by the evaporation of the stock market value of the three listed companies before the Li family increased their holdings.

   The other 40 billion Hong Kong dollar floating loss was caused by the fact that they had just completed the 80 billion Hong Kong dollar increase in holdings, and the financial crisis in the United States happened to break out, and the stock prices of the three listed companies fell by more than half. "

   Hearing this, Xia Jingxing smiled very happily: "280 billion Hong Kong dollars is not a lot, Li Huangtai's net worth in the "Forbes" list last year seems to be 32 billion US dollars, right?

  Losing so much...Isn't the net worth zero? Negative equity, exactly? "

   Ye Shuhui smiled and shook her head, "No, no, no, this only shows that the statistics of Forbes are not accurate. For example, the 80 billion Hong Kong dollars in cash that the Li family raised this time should not have been counted by Forbes.

   People used to say that the Li family was rich, but Li Huangtai still refused to admit it.

   This time, he used all his old capital, and his wealth was partly exposed.

   To be honest, he felt like a giant turtle in the deep sea. It was hard to imagine how huge the body was hidden under the deep water.

   After searching on Hong Kong Island for decades, the wealth of a city basically flowed into the pockets of their big families. In terms of the proportion of cash in their assets, all of them are terrifyingly high, far exceeding some so-called upstarts in technology. "

  Xia Jingxing smiled without saying a word. To be honest, it would have been really difficult to clean up Li Huangtai once if it hadn’t been for the once-in-a-century financial crisis.

   In the words of Hong Kong Island media: This time even the Buddha was on the side of President Xia.

   Li Huangtai believed in Buddhism, but this time I did not cross him.

   I don’t know if Li Huangtai would be angry and smashed the Tsz Shan Temple built by his family in the New Territories with a cost of 1.5 billion Hong Kong dollars, and converted to God.

   "The loss of more than 280 billion Hong Kong dollars is not a permanent loss. The Li family took this opportunity to greatly increase their shareholding in the three listed companies.

   As long as the stock price rebounds next year and the year after, the losses will be wiped out immediately. "

   When he said this, Xia Jingxing felt a little uneasy in his heart, and there was no way he could give Li Huangtai a slap in the face, which had to be said to be a pity.

   But doing business is not about playing a family and fighting spirit. Envision Capital needs to quickly match a counterparty this time, so that it can completely match the Li family.

  Like other businesses of the Lai family, such as real estate, port, retail, telecommunications...

  Xia Jingxing has no company that operates such businesses at all. It is not in the same industry, and it is difficult to attack the Li family at the specific business level.

   Therefore, he could only rub the Li family's listed company on the ground at the financial level.

   Ye Shuhui retorted again: "Xia Sheng, you are wrong.

   It is true that when the stock price rebounds, Li Huangtai's net worth can recover.

   But this is paper wealth, and once the stock price fluctuates, as it is now, it shrinks in units of hundreds of billions.

  Li Huangtai has increased his holdings by a total of 80 billion Hong Kong dollars this time. If he wants to take it out easily, it will not be easy. It can only be realized through dividends, dividends, and reduction of holdings.

   In ten or eight years, he doesn't even want to take back all of his 80 billion.

   All of a sudden, there was no so much cash, and the financial crisis hit, the entire business plan of the Li family may be completely disrupted.

   After a few years of conditioning and rest, they don't want to return to their previous pioneering state, they can only switch to a conservative defensive state, focusing on stability. "

  Xia Jingxing nodded lightly, saying that, he still caused a little trouble for the old thing.

   Even if it just slows down the development of the other side for a few years, it is considered to be an outlet for the people of Hong Kong Island and the mainland.

  Charge some interest first, and then a big man will knock on the shell of this old turtle.

   Of course, Xia Jingxing will also take the money earned from the Li family and use it for the people, and make every effort to develop high technology! High-tech innovation will drive industrial upgrading. Only when the national strength is strong can everyone's life get better day by day.

   So Xia Jingxing asked, "How about the overall profit of our short selling this time?"

   Ye Shuhui immediately replied: "It has been preliminarily calculated, the principal of 10 billion US dollars invested in the three listed companies of the Li family, the profit from short selling is about 5 billion US dollars.

   In addition, we have more than 40 billion Hong Kong dollars to short the other three real estate families and mainland real estate companies such as SOHO.

   The stock prices of these companies did not fluctuate as much as Huanghe Industrial and Lai Kee Huangpu, but under the huge influence of the US financial crisis, the decline was not small.

  For example, the stock price of Hengji has fallen by more than 50% from the high at the beginning of the year, and the wealth of Li Zhaoji’s family has lost hundreds of billions of Hong Kong dollars.

   With the three Guo brothers of Xinhongji, the loss of wealth has reached hundreds of billions of Hong Kong dollars.

   But then again, compared to Li Huangtai, their losses are relatively small and not so painful. "

  Xia Jingxing smiled and said, "That's because we mainly focus on Li Huangtai. If we spend our main energy on them, they won't be able to please them."

"That's true!"

   Ye Shuhui nodded hastily, with a smile on her face.

   This is not her flattery, but something that people on Hong Kong Island see.

   Now everyone unanimously praises the other three real estate families for raising one or a few good sons, not causing trouble everywhere, and not causing trouble for the family property, which is actually considered excellent.

   As for "Little Superman", it has become a negative example, and it is more appropriate to call it "Little Naughty Egg".

  Some Hong Kong media attributed the large-scale short selling of the Li family's listed company to Li Yikai, believing that he provoked Xia Jingxing and attracted the fierce bite of this financial giant.

   "Oh, by the way, Xia Sheng, SOHO's stock price has fallen a bit this time. It's even bigger than the stock price of Yellow River Industry, down more than 90%."

  Xia Jingxing said with a smile: "Lao Pan is also a traitor, this time we focused our attention on the big fish Li Huangtai, and almost missed this little fish.

   However, even if we didn't take much shots, it looks like this is enough for the grandson to drink a pot. "

   (end of this chapter)