"Once the Nasdaq Internet technology stock bubble bursts, major global stock indexes will be affected. The Hang Seng Index, which has soared 160% in less than two years, is very likely to fall sharply. We must avoid the risk of bad debts in financing."
This is the first time that Sun Jian has publicly predicted that the Hang Seng Index will fall sharply. Wang Dongming, Liang Zhongtao, Du William, Huang Desheng and others showed surprised looks.
Due to his special status, the wise and low-key Mr. Sun never expresses his views on Hong Kong's financial market in front of the media, and his subordinates are strictly prohibited from quoting his views in front of the media.
"Chairman, when the Nasdaq Internet technology stock bubble bursts, will the Fed let it go?"
Through public data analysis, Huang Desheng believes that the skyrocketing rise of Nasdaq Internet technology stocks is driven by speculative funds and is not supported by actual profits. It will collapse sooner or later. However, Mr. Sun is very optimistic about Internet technology stocks. His GpIc and pIc and Yinghaiwei, which has been listed on Nasdaq, has also invested in Internet technology companies such as Sohu, NetEase, Alibaba and Baidu.
"Minister Huang should know that after Greenspan announced an interest rate hike last week, he also hinted that he would raise interest rates by % in May. For the Nasdaq market, which is in a downward channel, it will make things worse. Many will kill more, and short-selling institutions will take advantage of the momentum to go short. Once The Nasdaq Internet technology stock bubble burst, Greenspan just wanted to save the market, and short-selling institutions would not listen to him."
Since the Nasdaq market fell sharply on March 13, Peregrine Securities Company and htIc Securities Company have released daily Hang Seng Index investment analysis reports to paid VIP customers, continuously reminding VIP customers that they are bearish on the Hang Seng due to excessive increases. Indexes, please pay attention to investment risks, but the Hang Seng Index is almost unaffected by the collapse of the Nasdaq Index. It has risen from multiple points to 10 points, constantly hitting new highs, both volume and price rising, and there is a trend of breaking through.
"Chairman, once the Nasdaq Internet technology bubble bursts and the world's major stock markets fall sharply, will the global economy fall into crisis?"
Liang Zhongtao understood that with Sun Jian's current status, he would not casually predict a sharp decline in the Hang Seng Index. It was very likely to happen, and his heart suddenly became heavy.
Some VIP customers publicly questioned the accuracy of the daily Hang Seng Index investment analysis reports of the stock investment departments of Peregrine Securities Company and htIc Securities Company? Liang Zhongtao, Huang Desheng, Wang Dongming, and Guo Jingdong are under great pressure.
Sun Jian encouraged Liang Zhongtao and Huang Desheng. He only remembered that in this bull market, the Hang Seng Index point was the high point, but he didn’t know the specific point? When does it start to fall?
Due to rebirth, investing in the Hang Seng Index will definitely have an impact on the Hang Seng Index, but what is coming will always come!
"Mr. Liang, China has become another important engine for world economic development. The mainland economy is booming, the economic development of Southeast Asian countries has entered an upward path, and the Russian economy has a good momentum of development this year, and there will be no global financial crisis."
In the past three years, under the direct leadership of Liang Zhongtao and William Du, the Peregrine Group has continued to expand its territory around the world, and has successively established branches in Moscow, Paris, Berlin, San Francisco, Chicago, Stockholm, and Amsterdam, with more than 2,300 employees. With total assets of nearly HK$14.5 billion and net assets of nearly HK$8.3 billion, it has become the only financial investment company in the mainland and Hong Kong region that can compete with major international investment banks.
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【My 1985】【】
htIc holds 640,460,000 shares of Peregrine Group, accounting for % of the total share capital, with a market value of nearly HK$21 billion. It received a dividend of HK$100 million this year and invested US$100 million (equivalent to Hong Kong dollars) in January 1998, which not only saved Hong Kong The largest local securities company and the largest bond company in Asia have avoided the further spread of the financial crisis in Hong Kong. After more than 2 years of investment, the stock market value has increased by nearly 18 billion Hong Kong dollars.
Driven by the bull market of Nasdaq Internet technology stocks, many markets including A-shares and Hong Kong stocks are booming. Profitable mainland funds have gone south to look for new investment opportunities. Hong Kong stocks with low price-to-earning ratios have become a hot spot. , the Hang Seng Index rose from 6784 points on August 13, 1998, an increase of 160%. The long funds made a lot of money, and the short funds were in trouble.
The United States is an important engine of the global economy. Once the Nasdaq Internet technology stock bubble, which represents the emerging economy, bursts, it will cause the global securities market to fall; in the previous life, the Nasdaq index shrank by nearly 80%, and the Hang Seng Index was also cut in half, adjusting to 2 After the year, following the rise of the Dow Jones Index and the Nasdaq Index, before the outbreak of the global economic crisis in 2008, they rose to multiple points, creating a vigorous bull market!
During the financial war in Hong Kong in 1998, htIc purchased HK$73.4 billion of Hong Kong stocks. Sun Jian believed that the opportunity was rare and planned to hold the shares until the price reached a certain point before getting off the train. However, he thought that the huge wealth of HK$100 billion that could be obtained was right under his nose. Having been cut in half and squandering everything, I decided to get off the bus early, take it easy, and wait until the Hang Seng Index fell below 9,000 points before getting on the bus.
On October 11, 1999, the Hong Kong government announced that it would establish Tracker Fund through the Exchange Fund Investment Company, a subsidiary of the Hong Kong Monetary Authority, and officially launch the stock withdrawal mechanism for the hundreds of billions of Hong Kong dollars purchased during the financial war.
On October 15, Wang Dongming, on behalf of htIc, submitted a written application to the Hong Kong Monetary Authority and the Hong Kong Stock Exchange to cash out the stocks purchased during the financial war. He was approved and exempted shareholders holding 5% of the company's shares from the requirement to sell the company's stocks.
An announcement that htIc's application for selling shares has been approved will be published on the website of the Hong Kong Stock Exchange.
At that time, the Hong Kong Stock Exchange's securities market was booming, and Hong Kong stockholders went crazy again. The Hong Kong Stock Exchange called on investors to note that investment was risky.
Starting from late November last year, htIc spent more than a month, around the Hang Seng Index point, UU Kanshu. During the financial war in Hong Kong in 1998, in order to save the market, it sold the stocks it purchased and cashed out HK$176.3 billion.
The cash-out of htIc and Tracker Fund did not prevent the Hang Seng Index from continuing to hit record highs with the craziness of the Nasdaq market, rising by more than 1,700 points!
Senior officials of the Hong Kong Monetary Authority and the Hong Kong Stock Exchange breathed a sigh of relief at the time.
February 25 this year is the delivery day and closing point of the February Hang Seng Index futures contract. In May last year, htIc invested HK$500 million (with 10 times leverage) to be long the February Hang Seng Index futures contract and made a profit in 9 months. Nearly 100 million Hong Kong dollars.
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On March 30, the Nasdaq index closed at 30 points, down 0 points, or %, and trading volume increased by 15%.
Heavy volume and big drop!
The Dow Jones closed in points, down points, down %, down on shrinkage.
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【My 1985】【】
In less than a month, the Nasdaq index fell by 3%, or %!
Heavy volume plummeted!
This was the fastest plunge since the establishment of the Nasdaq market, so that long institutions had no time to ship, so they were pinned to the floor and ravaged by short sellers, making them want to cry without tears!
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After the market closed on the afternoon of March 30, shocking news came from Wall Street. Julian Robertson, the boss of Tiger Management, wrote a farewell letter to about 700 investors in his six funds in his luxurious office in the center of Manhattan. Due to losses, Lei Lei and investors have withdrawn their capital, and he will close all six funds under Tiger Management, which has been in operation for 20 years, announcing the end of his own era.
