Many domestic companies are listed on both A-share and H-shares at the same time.This is a different type of stock issuance. The problem with this method is that A-shares and H-shares cannot be sold across the market, which brings difficulties to calculate the total market value of listed companies with A+H-shares.According to Alibaba's prospectus, Alibaba plans to issue 500 million common shares in Hong Kong, plus 75 million over-subsidized shares, and plans to raise about US$13 billion.There are reports that Hong Kong and Midea shares can be swapped.Alibaba issues ADR in the United States and common shares in Hong Kong, with one ADR equal to eight common shares.An important advantage of ADR is that it has higher liquidity than stocks in general.Not only are depositary receipts interchangeable, but they can also be exchanged with other securities.
In fact, you can also refer to Tencent. Tencent Holdings, which trades in Hong Kong, also issues ADRs in the United States, with the code being different that Tencent’s ADR is not listed on the New York Stock Exchange, but is traded in OTC over-the-counter market.In the US OTC market, Tencent's ADR stock price fell 347% to US$4,073 yesterday. The market value of ADR is US$385.2 billion. On the Hong Kong Exchange, Tencent fell 232% to HK$3,198, with a market value of HK$305,48 trillion. According to today's exchange rate, it is about US$389.8 billion, which is basically the same.From this point of view, Alibaba is listed in Hong Kong, and since ADR and Hong Kong stocks can be swapped, the market value of the two places should tend to be consistent.Since most of Tencent's stocks are traded in Hong Kong, their valuations dominate the Hong Kong Stock Exchange.While most of Alibaba's shares are traded in the United States, the stock price on the New York Stock Exchange may be more guiding.
In short, listing is to allow the company's shares to circulate. If you list in a few places, the number of shares in the company will not increase.The total market value will not change.
HSBC Group has a total of four outstanding shares on the market, including HSBC Holdings in Hong Kong, HSBC Holdings in the United States and HSBC Holdings preferred shares, plus HSBC Holdings listed in London, UK!
The preferred stock of HSBC stocks in the United States was first excluded!
Preferred stocks are stocks that have priority.Shareholders of preferred stocks enjoy priority over the company's assets, profit distribution, etc., and the risks are relatively small.However, preferred shareholders have no voting rights on the company's affairs.Preferred shareholders do not have the right to be elected or elected. Generally speaking, they do not have the right to participate in the company's operations. Preferred shareholders cannot withdraw their shares and can only be redeemed by the company through the redemption clause of the preferred shares.
Preferred stocks are usually predefined that common stocks use their distributable dividends to guarantee the dividend yield of preferred stocks. Preferred stocks are actually a form of debt-raising by joint stock companies.
Since the dividend yield of preferred stocks is set in advance, the dividends of preferred stocks generally do not increase or decrease according to the company's operating conditions, and generally cannot participate in the dividends of the company's remaining profits, nor do they enjoy owner's equity except their own price. If the capital is insolvent, preferred stocks will suffer losses.
For a company, it does not affect the company's profit distribution because the dividend is relatively fixed.The preferred shareholder cannot request a withdrawal of the shares, but may redeem it by the joint stock company in accordance with the redemption terms attached to the preferred shares.Most preferred stocks have redemption clauses.When a company is dissolved and the remaining property is distributed, the claim of preferred shares is preceded by common shares and second to creditors.
Therefore, there is no need to choose the preferred stocks of HSBC stocks!
Under normal circumstances, it is naturally not easy to acquire a banking group like HSBC Group with a market value of tens of billions of dollars, but Chen Hao has systematic help. Although there are difficulties, it can be overcome!
Chen Hao first controlled the system, manipulated the stock markets in London and the United States, and easily evaporated hundreds of billions of dollars. He once again made tens of billions of dollars!All listed companies in the United States have suffered losses, but they are actually within the affordable range when they share the entire London and the stock markets in the United States!
In contrast, the biggest losses are HSBC Holdings and HSBC Holdings in the London stock market!These two stocks fell almost at the same time, evaporating half of their market value!
The impact caused by this is that investors have sold HSBC Group's shares one after another, and Chen Hao took the opportunity to conduct online transactions through the system, absorbing a large number of these sold HSBC stocks, and absorbing them at low prices!
At the same time, because investors sold HSBC's stocks in large numbers, HSBC's stock plummeted again!The market value has fallen to $15 billion!
Hong Kong's HSBC Holdings has only a market value of more than HK$100 billion. After all, London and the United States' HSBC Holdings have plummeted, so Hong Kong's HSBC Holdings naturally cannot maintain its original state!
Of course, this market value of more than 100 billion Hong Kong dollars cannot normally reflect the assets of HSBC Group itself!But investors don’t understand these, and some small shareholders can only see the small interests in front of them and cannot look at them for the long term!
Taking advantage of this opportunity, Chen Hao once again absorbed a large amount of HSBC stocks. The HSBC stocks he held had reached 47%!
Chen Hao flew to London again and contacted several HSBC's middle-to-high shareholders to buy all the HSBC stocks they had with money higher than the market price!Therefore, Chen Hao's personal holdings in HSBC have reached 57%!
Chen Hao directly held an internal board of directors of HSBC Group at his headquarters in London and became the chairman of HSBC Bank's board of directors and the largest shareholder!
Chen Hao did not replace the original CEO, whether it was from London, Hong Kong, or the United States!
The news that Chen Hao took over HSBC and became the largest shareholder has been widely circulated around the world, especially in countries and regions within just two days!
There is Fox TV in the United States to help promote it, and there are major media in London to promote it. Needless to say, Hong Kong directly pushed it to the altar!He even praised him as the light of Asia!
When Hong Kong citizens first learned about this news, they were first shocked, and then shocked!Chen Hao not only controls Standard Chartered Bank, but now he also controls HSBC!How old is he? At most, he is in his early twenties!There is no need to struggle in this life!
Hong Kong citizens are very excited. Chen Hao acquired two British banks, and both British banks have a significant influence in Hong Kong!
The media announced again that while acquiring HSBC, Chen Hao also controlled Hang Seng Bank, the largest bank in Hong Kong!So now Chen Hao’s influence in Hong Kong is even greater than that of Li Ka-shing!
Although Hang Seng Bank is not as arrogant as HSBC, its influence in Hong Kong is also of great importance. It can be seen from the four words "Hang Seng Index" alone!
In fact, you can also refer to Tencent. Tencent Holdings, which trades in Hong Kong, also issues ADRs in the United States, with the code being different that Tencent’s ADR is not listed on the New York Stock Exchange, but is traded in OTC over-the-counter market.In the US OTC market, Tencent's ADR stock price fell 347% to US$4,073 yesterday. The market value of ADR is US$385.2 billion. On the Hong Kong Exchange, Tencent fell 232% to HK$3,198, with a market value of HK$305,48 trillion. According to today's exchange rate, it is about US$389.8 billion, which is basically the same.From this point of view, Alibaba is listed in Hong Kong, and since ADR and Hong Kong stocks can be swapped, the market value of the two places should tend to be consistent.Since most of Tencent's stocks are traded in Hong Kong, their valuations dominate the Hong Kong Stock Exchange.While most of Alibaba's shares are traded in the United States, the stock price on the New York Stock Exchange may be more guiding.
In short, listing is to allow the company's shares to circulate. If you list in a few places, the number of shares in the company will not increase.The total market value will not change.
HSBC Group has a total of four outstanding shares on the market, including HSBC Holdings in Hong Kong, HSBC Holdings in the United States and HSBC Holdings preferred shares, plus HSBC Holdings listed in London, UK!
The preferred stock of HSBC stocks in the United States was first excluded!
Preferred stocks are stocks that have priority.Shareholders of preferred stocks enjoy priority over the company's assets, profit distribution, etc., and the risks are relatively small.However, preferred shareholders have no voting rights on the company's affairs.Preferred shareholders do not have the right to be elected or elected. Generally speaking, they do not have the right to participate in the company's operations. Preferred shareholders cannot withdraw their shares and can only be redeemed by the company through the redemption clause of the preferred shares.
Preferred stocks are usually predefined that common stocks use their distributable dividends to guarantee the dividend yield of preferred stocks. Preferred stocks are actually a form of debt-raising by joint stock companies.
Since the dividend yield of preferred stocks is set in advance, the dividends of preferred stocks generally do not increase or decrease according to the company's operating conditions, and generally cannot participate in the dividends of the company's remaining profits, nor do they enjoy owner's equity except their own price. If the capital is insolvent, preferred stocks will suffer losses.
For a company, it does not affect the company's profit distribution because the dividend is relatively fixed.The preferred shareholder cannot request a withdrawal of the shares, but may redeem it by the joint stock company in accordance with the redemption terms attached to the preferred shares.Most preferred stocks have redemption clauses.When a company is dissolved and the remaining property is distributed, the claim of preferred shares is preceded by common shares and second to creditors.
Therefore, there is no need to choose the preferred stocks of HSBC stocks!
Under normal circumstances, it is naturally not easy to acquire a banking group like HSBC Group with a market value of tens of billions of dollars, but Chen Hao has systematic help. Although there are difficulties, it can be overcome!
Chen Hao first controlled the system, manipulated the stock markets in London and the United States, and easily evaporated hundreds of billions of dollars. He once again made tens of billions of dollars!All listed companies in the United States have suffered losses, but they are actually within the affordable range when they share the entire London and the stock markets in the United States!
In contrast, the biggest losses are HSBC Holdings and HSBC Holdings in the London stock market!These two stocks fell almost at the same time, evaporating half of their market value!
The impact caused by this is that investors have sold HSBC Group's shares one after another, and Chen Hao took the opportunity to conduct online transactions through the system, absorbing a large number of these sold HSBC stocks, and absorbing them at low prices!
At the same time, because investors sold HSBC's stocks in large numbers, HSBC's stock plummeted again!The market value has fallen to $15 billion!
Hong Kong's HSBC Holdings has only a market value of more than HK$100 billion. After all, London and the United States' HSBC Holdings have plummeted, so Hong Kong's HSBC Holdings naturally cannot maintain its original state!
Of course, this market value of more than 100 billion Hong Kong dollars cannot normally reflect the assets of HSBC Group itself!But investors don’t understand these, and some small shareholders can only see the small interests in front of them and cannot look at them for the long term!
Taking advantage of this opportunity, Chen Hao once again absorbed a large amount of HSBC stocks. The HSBC stocks he held had reached 47%!
Chen Hao flew to London again and contacted several HSBC's middle-to-high shareholders to buy all the HSBC stocks they had with money higher than the market price!Therefore, Chen Hao's personal holdings in HSBC have reached 57%!
Chen Hao directly held an internal board of directors of HSBC Group at his headquarters in London and became the chairman of HSBC Bank's board of directors and the largest shareholder!
Chen Hao did not replace the original CEO, whether it was from London, Hong Kong, or the United States!
The news that Chen Hao took over HSBC and became the largest shareholder has been widely circulated around the world, especially in countries and regions within just two days!
There is Fox TV in the United States to help promote it, and there are major media in London to promote it. Needless to say, Hong Kong directly pushed it to the altar!He even praised him as the light of Asia!
When Hong Kong citizens first learned about this news, they were first shocked, and then shocked!Chen Hao not only controls Standard Chartered Bank, but now he also controls HSBC!How old is he? At most, he is in his early twenties!There is no need to struggle in this life!
Hong Kong citizens are very excited. Chen Hao acquired two British banks, and both British banks have a significant influence in Hong Kong!
The media announced again that while acquiring HSBC, Chen Hao also controlled Hang Seng Bank, the largest bank in Hong Kong!So now Chen Hao’s influence in Hong Kong is even greater than that of Li Ka-shing!
Although Hang Seng Bank is not as arrogant as HSBC, its influence in Hong Kong is also of great importance. It can be seen from the four words "Hang Seng Index" alone!
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