Chapter 363: Collapse(1/2)
"With the war of resistance, the stock market has bottomed out."
Li Kangzhan looked at the report and smiled.
"We bought down and made money again this time."
Lou Xiao'e: "What's next?"
Li Kangzhan: "Go to HSBC and withdraw the funds. We will wait and see."
At the beginning of the year, the stock market was still crazy, reaching a daily high of 1774.96, rising another 1.1 times in three months.
The stock market in Hong Kong can be described as a galloping horse and climax.
Everyone is rushing into the stock market, just like picking up gold everywhere.
But people with foresight have long seen the crisis after the fire cooks the oil.
At the same time, there are some crazy phenomena in the market, such as "fishing for rice with shark's fins", investors quit their jobs to speculate in stocks full-time, "making porridge with abalone", "making fish eggs with rat spots", "lighting cigarettes with big bull (Hong Kong dollar 500 banknotes)" and other crazy phenomena.
You can imagine how crazy it is.
Companies have been paying dividends and giving out generous dividends one after another. In addition, the financial turmoil in the West has continued, and the Hong Kong stock market has become even more enthusiastic.
In just four years from 1969 to 1972, the Hang Seng Index soared up to 7 times, and trading volume surged 16 times.
Stimulated by the idea that only stocks do not require banknotes, Xiangjiang citizens rushed to buy stocks, and the ever-high stock prices were far out of touch with the company's actual profitability, economic and social development, so much so that institutional innovation and reform were ignored.
The stock market frenzy triggered by the dream of finding money almost drowned everything.
Due to excessive trading activity, some exchanges were even unable to cope and were forced to announce the reduction of trading hours.
When the stock market was in full swing, articles criticizing many companies for rushing into the stock market and urging everyone to be wary of market risks were published one after another. Even the chairman of HSBC publicly called for caution against excessive speculation in the stock market, but no one listened to such voices.
The stock market soared like a wild horse and failed to match the economic factors. The market went too fast, too violently, and excessively expanded. Eventually, extreme joy gave rise to sorrow, leading to a stock market crash.
In the middle of this month, the Hang Seng Index fell from over 1,700 points to over 500 points, and some popular blue chip stocks fell by at least 75%.
In order to cool down the stock market, firefighters were dispatched to prohibit investors from entering the Chinese Bank to buy and sell stocks according to fire regulations. This was the so-called "firefighters went to the exchange to put out the fire."
But Li Kangzhan knew that now was not the last moment for the stock market to crash.
The oil crisis broke out in the Middle East, and the United States, West Germany, and Fuso were caught off guard and fell into the most serious economic recession after the war. The stock markets of Western countries plummeted. Under the collapse, how could Hong Kong survive?
The Hang Seng Index will plummet by 75% and then fall by 60%!
This was just an appetizer, so Li Kangzhan didn't bring anyone with him, he just did the operation himself.
The worst off are always the retail investors who receive the last blow.
Because almost everyone who participated in buying and selling stocks could make profits in the past, some people quit their jobs and devoted themselves to the stock market. Many people were so fascinated that they never forgot to leave.
When the market suddenly turned upside down and plummeted, people who were in high spirits were suddenly stunned. Some people became crazy overnight, and some embarked on a road of suicide and self-destruction due to the sudden loss of all their property.
Amid waves of speculation, business closures, suspensions and mergers, there will be many people selling properties in Hong Kong.
Cut off the tail to survive and protect yourself.
"Xiao'e, don't you like being a housekeeper? I asked you to sell properties before, but now you can try to buy some back."
Lou Xiao'e: "Didn't you say that it's not the last moment yet?"
Li Kangzhan nodded: "Yes."
"But you can buy it now."
"In the future, we don't want those scattered properties. If we want to buy them, we will buy complete properties. It will be easier to manage and collect rents when the time comes."
"But our real estate company has retained so many properties. I still recommend that you buy more high-quality properties such as shops, buildings, and plazas."
"Of course, if it's a whole residential building, it can also be taken down."
Lou Xiao'e: "Okay, I will pay attention."
Because few people will sell off high-quality properties in Xiangjiang.
Only in times of economic crisis do you have the opportunity to buy in order to survive.
Not to mention rare high-quality properties such as shopping malls, office buildings, and shopping malls.
When the two were talking about the stock market, Baoyu Gang called.
"The price of international crude oil doubled during the war of resistance."
"Don't get excited, it's not yet time for us to take action."
Li Kangzhan continued: "There is a deviation in my prediction, but it does not affect our plan."
"I predicted the stock market crash, but I didn't expect that it was just a small friction in the Middle East, but I believe it will definitely explode next."
"When it breaks out completely, that's when we really take action."
Bao Yugang rubbed his hands: "I can't wait any longer."
"Wharf's current price is less than seven yuan per share. Should we acquire more?"
Li Kangzhan: "You can absorb some appropriately, but the action must be steady, and don't absorb in large quantities."
"Retail investors can't sell it anyway. We're not in a hurry. We just want to keep it safe," Bo said.
Bao Yugang nodded: "Don't worry, I will explain everything."
Li Kangzhan looked at Lou Xiao'e: "Hutchison now costs four yuan. You can do it, but as I said, stability is the priority, otherwise I would rather not do it."
Lou Xiao'e: "I understand, I'm watching this matter personally."
Li Kangzhan continued: "You go...forget it, I'll go."
Lou Xiao'e: "What?"
Li Kangzhan: “I’m going to HSBC!”
Before Li Kangzhan left, he called Baoyu Gang and Huo Yingdong.
There are only three words: "See you at HSBC!"
Huo Yingdong and Bao Yugang knew that he was going to take action on the American stock market.
The car stopped at the entrance of HSBC. Li Kangzhan did not go in, but sat inside and smoked leisurely.
After Huo Yingdong and Bao Yugang arrived, the three of them entered Shen Daban's office together.
"You three swordsmen come together, it's really..."
After being polite, Li Kangzhan went straight to the topic.
"We need HSBC's help!"
Shen Daban: "No problem!"
Li Kangzhan: "This time, the three of us will hand over the funds to HSBC. We hope that HSBC's branches in the United States can cooperate with our actions."
Shen Daban: "You don't want to..."
"You guessed it right!"
"Oh my gosh, this is such a crazy idea."
However, Shen Daban knew that he had just made a fortune, even a huge sum, from the Xiangjiang stock market.
Nowadays, outsiders may not know it, but Mr. Shen knows that Li Kangzhan is worth more than 200 billion Hong Kong dollars.
In terms of deposits alone, it does not include his other industries.
"Okay, I'll arrange this."
Li Kangzhan nodded: "Sorry, Brother Shen."
The three companies once again handed over the funds to HSBC for safekeeping, which made Shen Daban feel more at ease.
Leave HSBC.
"Brothers, let's go back and prepare and leave as soon as possible!"
Bao Yugang: "All three of us are going?"
Li Kangzhan smiled and said, "Don't you worry about letting me operate it alone?"
I couldn't help but joke, "That's your entire net worth!"
Huo Yingdong was very generous: "Of course I can trust you."
Bao Yugang: "I'll stay. The three of us can't all leave Xiangjiang. I'll stay and take charge."
"Brother Huo, you go with Kang Zhan, but this guy has a bad temper, so you have to watch him."
Huo Yingdong thought of Li Kangzhan's previous fight with Wanwan Da, and promised: "Don't worry, I will follow him every step of the way."
Li Kangzhan: "Okay, that's it."
"Brother Huo, you must bring a bodyguard you can trust this time."
"So many people are with us?"
Li Kangzhan shook his head: "No, we only bring a few personal guards, and the rest will go by water, although it will be slower."
To be continued...