Chapter 277: Hong Kong’s Top 500 Enterprises
First, Xia Yu looked at the familiar Hong Kong rankings. However, it was no longer the Top 100 Hong Kong Enterprises; it had expanded to the Top 500 Hong Kong Enterprises.
**Top 500 Hong Kong Enterprises Ranking**
1. **HSBC Holdings plc Hong Kong Branch**: Market value of 13.07 billion HKD. A wholly-owned subsidiary of HSBC Holdings plc, it is the largest registered bank in Hong Kong with 5,000 employees and over 200 offices across Asia. It holds 51% of Hang Seng Bank's shares, and...
2. **Jardine Matheson Holdings Limited**: Market value of 9.68 billion HKD. It owns companies including the Hongkong Land Company, Dairy Farm International Holdings, Mandarin Oriental Hotel Group, Jardine Insurance, Jardine Motors Group...
3. **Swire Group**: Market value of 8.69 billion HKD. It owns Swire Properties Limited, Cathay Pacific Airways, Swire Shipping Limited, Swire Dockyard, and Swire Beverages Company...
4. **Hutchison Whampoa Limited**: Market value of 6.01 billion HKD. It owns Hutchison Port Holdings Limited, Hutchison Whampoa Property Limited, and Watsons...
5. **Hongkong Land Holdings Limited**: Market value of 4.78 billion HKD. It is a subsidiary of Jardine Matheson Holdings Limited...
6. **Hang Seng Bank Limited**: Market value of 4.45 billion HKD. The second-largest commercial bank in Hong Kong...
7. **Cheung Kong Holdings**: Market value of 4.19 billion HKD...
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15. **Global Shipping Group**: Market value of 2.72 billion HKD...
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23. **Hysan Development Company Limited**: Market valuation of 1.98 billion HKD, not yet listed...
24. **Sun Hung Kai Properties Limited**: Market value of 1.86 billion HKD...
26. **CK Hutchison Holdings Limited**: Market value of 1.81 billion HKD, with company assets of 820 million HKD...
27. **New World Development Company Limited**: Market value of 1.76 billion HKD...
28. **The Wharf (Holdings) Limited**: Market value of 1.63 billion HKD...
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72. **Jiu Ding Media Group**: Valuation of 500 million HKD. It owns high-selling newspapers like "Jiu Ding Daily", "Fengyun Daily", "Economic Weekly", and "Nanyang Business Daily". It is the most influential paper media leader in Hong Kong and Southeast Asia.
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100. **Jiu Ding Securities Limited**: Valuation of 250 million HKD, managing assets of 500 million HKD...
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500. **Shui Xing Industrial Limited**: Market value of 28 million HKD...
After reading this enterprise ranking, Xia Yu smiled for no apparent reason.
For the Top 500 Hong Kong Enterprises, even the 500th place has a market value of 28 million HKD, which shows a high threshold. This reflects the gradually flourishing economy of Hong Kong.
Compared to the first list, after such a long time, most companies have not changed much in ranking, but their market values have increased significantly.
For example, HSBC, which ranked first, had a market value of 12.28 billion HKD in the first edition. It has now risen to 13.07 billion HKD, an increase of 790 million HKD.
Similarly, Global Shipping Group, ranked 15th, had a market value of 2.52 billion HKD in the first edition. It has now risen to 2.72 billion HKD, an increase of 200 million HKD, which is even higher than HSBC's growth.
Of course, the largest increase is by Li Chaoren's CK Hutchison Holdings Limited. It had a market value of 1.27 billion HKD in the first edition, with company assets of 680 million HKD.
But now, the company's market value has reached 1.81 billion HKD, with a growth rate exceeding 30%, and company assets have also increased to 820 million HKD. CK Hutchison Holdings Limited has become a dazzling star.
It is expected that with CK Hutchison's acquisition of Qingzhou Yingni Company, asset growth is normal, and with other factors contributing, the high market value is not surprising.
However, not all companies have seen increases; some have seen declines.
For instance, Hutchison Whampoa Limited, although its ranking has not changed, has seen a significant drop in market value.
In the first edition, Hutchison Whampoa's market value was 6.24 billion HKD. However, Hutchison Whampoa has seemingly fallen into a quagmire, and the situation is worsening. Its market value has now dropped to 6.01 billion HKD, approaching the 6 billion mark.
This compels Shen Bi to find a capable leader for Hutchison Whampoa!
In the previous life, Li Chaoren was chosen. In this life, thanks to Xia Yu's assistance, Li Chaoren directly acquired Qingzhou Yingni Company. The results are even more impressive than in the previous life, and CK Hutchison Holdings Limited's development is indeed rapid. Hence, it is more likely that Shen Bi will choose Li Chaoren to take over Hutchison Whampoa.
Xia Yu has decided that, although he does not intend to compete for Hutchison Whampoa, he must make a substantial profit.
Among the rankings, one noteworthy entry is The Wharf (Holdings) Limited, which has not been elaborated on, as this is intentional on Xia Yu's part.
Additionally, The Wharf's stock price has been secretly suppressed by Jiu Ding Securities Limited. Thus, even though most of the stocks have been acquired, the stock price has become very sensitive, and its market value is still only around 1.63 billion HKD.
The changes in the Top 500 Hong Kong Enterprises list are most notable with the two new companies that have entered the top 100 in one go!
Namely, **Jiu Ding Media Group**, ranked 72, and **Jiu Ding Securities Limited**, ranked 100!
Jiu Ding Media Group's valuation of 500 million HKD seems high, but it is a result of Xia Yu's suppression.
Otherwise, considering Jiu Ding Media Group's theoretical profit that easily exceeds 100 million, and its special status as an industry leader, a tenfold price-to-earnings ratio would be a small matter, and a valuation exceeding 1 billion would be reasonable.
However, Jiu Ding Media Group has not disclosed its financial reports. Even though it is on the list, only superficial information is listed, and more detailed confidential data has not been released.
Keeping it so low is also because Xia Yu does not want others to infer Jiu Ding Media Group's profits from its valuation.
Jiu Ding Securities Limited is similarly affected by Xia Yu's constraints, with even more severe suppression.
Aside from other details, Xia Yu had calculated Jiu Ding Securities Limited's total assets, including his own funds, to be nearly 800 million HKD when he left Hong Kong.
However, it is now listed as managing assets of 500 million HKD, which shows a large discrepancy.
The most obvious discrepancy is the 285 million HKD secret account used for acquiring The Wharf's stocks, which must not be exposed.
Additionally, Xia Yu's own funds of over 100 million HKD have also been reduced. It is under these circumstances that the company's managed total assets reach 500 million HKD.
Managing assets of 500 million HKD, with a valuation of 250 million HKD, is considered quite high.
These two companies not only rank in the Top 500 Hong Kong Enterprises but also remain listed in the Southeast Asia (including Hong Kong and Macau) Top 500 Enterprises list.
In Southeast Asia (including Hong Kong and Macau), Jiu Ding Media Group is ranked 199th, and Jiu Ding Securities Limited is ranked 385th.
The lower rankings are because this list includes state-owned enterprises from various Southeast Asian countries, such as Indonesia's state-owned oil company, which is now among the Global 500.
After reviewing the enterprise rankings, Xia Yu continued to browse, planning to check the wealthy list. It seems that despite his severe pressure, the assets publicly listed still propelled him up the wealthy list.
But exactly what position is he in? What are the details before and after?
Xia Yu, curious, started browsing from the beginning.