The Spring Festival of 1973 passed quickly. With the end of the Spring Festival holiday, various companies on Hong Kong Island also started work one after another.
This Spring Festival, how should I put it, all the citizens of Hong Kong Island spent an unforgettable Spring Festival that is still fresh in their memories. They had different experiences of losing money in the stock market, and the citizens who had not traded in the stock market also saw a completely different scene from the Spring Festival in previous years.
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On the first day of the Lunar New Year this year, in addition to Wong Tai Sin, hundreds of thousands of citizens went to Wallywood in Tseung Kwan O. They prayed to gods and Buddhas in various temples and Taoist temples.
What is different from previous years is that most people who came to burn incense and worship Buddha this year are praying for an early rebound in the stock market to prevent them from truly experiencing a free fall.
The stock market officially opened on the fourth day of the Lunar New Year. After the opening of the stock market, the stock market on Hong Kong Island did not fall at all. The stock market prices in the following days were also very stable. This made all Hong Kong Island stockholders feel a little relieved. Now they are not looking for any big news.
As long as stocks can no longer plummet like they did a year ago, that's fine.
However, the reason why the stock market does not fall is not because the stock market has stabilized. It is mainly because the daily trading volume of the stock market is less than 10 million Hong Kong dollars. Under such circumstances, the stock market will certainly not fall. It would be really damned if the stock market can still fall.
, the Jade Emperor Index must also be maintained continuously for a long time.
Nowadays, investors in Hong Kong Island have no money in their hands. It can be said that they are all very poor. However, all investment institutions that have money in their hands have entered a wait-and-see state and are in a dilemma.
At the same time, the fake stock incident that occurred last year has not been investigated clearly, and the counterfeiters have not been caught. The worries of investors and investment institutions cannot be relieved. Everyone is worried that new fake stocks will be exposed again. If fake stocks appear again, what will happen to Hong Kong Island?
I'm afraid the stock market is really hopeless.
If various investment institutions now enter the stock market to hunt for the bottom, the risk of gambling is too high. They are afraid that if bad news breaks out again, they will definitely lose everything.
In addition, the bank's money supply is constantly tightening, and the current wave of leeks from investors has just been cut off. It will take a long time for the next crop of leeks to grow.
Zhang Zhonghua spent a whole day busy on the fourth day of the Lunar New Year, mainly going to various companies to distribute annual profit envelopes. Each red envelope is 10 Hong Kong dollars. Anyway, it is a symbolic meaning and custom, and the specific amount of the red envelope is not important.
The Jade Emperor Studios in Tseung Kwan O also started construction early. It is now being constructed by several real estate companies from Hong Kong Island. They are all ancient buildings and are not difficult to build.
There are many foreign tourists visiting Fantasy Kingdom during the Spring Festival. The theme hotels in Fantasy Kingdom, Shangri-La Hotel, Peninsula Hotel and other mid-to-high-end hotels on Hong Kong Island are fully booked, which makes Hong Kong Island’s hotel industry profitable.
Made a small fortune.
Compared to the Fantasy Kingdom and hotels, several Carrefour supermarkets on Hong Kong Island are in a relatively miserable situation. During the Chinese New Year this year, most of the citizens of Hong Kong Island suddenly became paupers. Naturally, they were short of money and had no way to spend money. This affected Carrefour's business.
It's a bit bleak, but last year more than half of Carrefour's employees resigned, which saved a lot of money.
Like Carrefour, the same is true for CFC restaurants. More than one-third of the employees of CFC restaurants on Hong Kong Island have resigned. In the past, stock investors on Hong Kong Island ate shark fins every day and did not like the burgers in CFC restaurants at all. But now and then,
Nowadays, the burgers at CFC restaurant are beyond the reach of Hong Kong stock investors who are facing bankruptcy.
Generally speaking, the business of various companies under the retail group is very cold now, and it is certain that it will not improve much in the next few years. Therefore, employees of various companies voluntarily resigned due to stock trading. Although Zhang Zhonghua asked the heads of each company to
He tried to retain him, but he was happy to see the result of his resignation.
Mainly because after the outbreak of the global oil crisis, the economies of countries around the world are generally not very prosperous, and not only are they depressed, many countries will even stagnate and regress. Everyone has to tighten their belts, and the global retail industry must also tighten their belts.
Entering a trough period.
Once the price of oil increases, the price of all commodities in the world will also increase. Speaking of other things, transportation costs alone will increase a lot. Those who can afford a car are those who are not short of money, but those who can afford a car cannot afford to use it.
Oil.
The cost of the real estate industry has also increased a lot. All building materials have increased significantly in price, and construction vehicles and electricity bills are all expensive. A series of rising costs have caused housing prices to rise year by year.
The current monthly salary of construction workers is only about 300 Hong Kong dollars, but a few decades later, the daily salary of real estate workers on Hong Kong Island will be about 2,000 Hong Kong dollars, and labor costs have increased nearly two hundred times.
In the next few years, Yuhuang Group will also have to prepare for the winter. It is not easy to support its more than three million employees. Zhang Zhonghua is already prepared to operate at a loss, but Yuhuang Group still has a relatively strong foundation.
A slight subsidy will have little impact on the Yuhuang Group.
If America is not having a good time there, it will inevitably make every country around the world have a hard time. If America is located in Asia and Europe and the younger brothers don't give blood to the older brother, then the older brother will definitely press the younger brother to the ground to draw blood.
"Boss, we have arrived at the Hong Kong Government."
The secretary reminded Zhang Zhonghua, who was deep in thought.
"Okay, do you think the Hong Kong government is so full that it has nothing to do? Doesn't it claim not to interfere in the market economy? Isn't it just that it is too busy looking for trouble?"
Zhang Zhonghua said with disdain.
"The Governor of Hong Kong, MacLehose, is really tragic. He encountered so many things when he arrived on Hong Kong Island. He still hasn't completely grasped the Hong Kong government, and the people below are all working in secret."
"The water in the Hong Kong government is too deep. We can only transfer members from John Bull. These current members are entrenched."
Zhang Zhonghua walked slowly into the conference room of the Hong Kong government. When he waited, the top managers of the British-owned Jardine Matheson & Co., Swire & Co., Wheelock & Co., Hutchison Whampoa & Co., Chunghwa Electric Power, etc. had already arrived, as well as Xia-owned Far East.
Group tycoons, Hang Lung Properties, Hopewell Industries and other corporate tycoons were also present, and even Fok Ying-tung, a big boss who disliked each other with the Hong Kong government, also came to the conference room.
Zhang Zhonghua secretly sighed and said: MacLehose was brave enough to invite Lao Huo over. This must be Lao Huo's first time entering the Hong Kong government.
The British investors across the street were all enemies of Huo Yingdong. Not only did they rob Huo Yingdong's Xingguang Building, but also cut off water, power and communications to all the companies owned by Huo Yingdong while he was drinking milk.
After everyone chatted for a few minutes, MacLehose and several staff members then walked into the conference room. When everyone saw MacLehose's arrival, they stopped talking and greeted the Governor one after another.
"Thank you all for being invited to the Hong Kong Government and for taking your precious time. The main purpose of inviting you to the Hong Kong Government this time is to discuss solutions to the problem of unemployment among a large number of people on Hong Kong Island.
According to a month-long survey by the Hong Kong government, a total of 320,000 employees resigned from their jobs to speculate in the stock market full-time during last year’s bull market.
Nowadays, these citizens are either idle at home or staying at the stock exchange. The current recruitment situation is not optimistic, and the unemployment rate on Hong Kong Island has reached astonishing figures.
After these people become unemployed, they will bring great pressure to the local area. Last month, the crime rate across Hong Kong Island increased by 36%, and the public security environment is also constantly deteriorating.
You are all the most representative companies on Hong Kong Island. This time, on behalf of the Hong Kong government, I urge you to provide some jobs for these citizens..."
MacLehose expressed his affection for the tycoons of Hong Kong Island present. Then he looked at the big bosses present with hope. More than half of the investors who resigned from Hong Kong Island came from these companies.
If they are willing to recycle these employees who have resigned, it shouldn't be a big problem.
None of the British tycoons and Xia tycoons present made a sound. They all picked up the coffee on the table and began to taste the Hong Kong coffee carefully. In this case, it is of course a trivial matter to be silent for three minutes.
Following the habits he learned when he came to Hong Kong Island, MacLehose coughed a few times and then began to scan everyone one by one. At this time, MacLehose was smiling on the outside, but he had already begun to curse in his heart. Now everyone was
Started pretending to be dead.
Everyone looked around at each other, and then all looked at Henry Keswick, the chief executive of Jardine Matheson. Jardine has more than 200 companies on Hong Kong Island and is the biggest beneficiary of this bull market.
It's just like playing mahjong. The winner will definitely get a treat. If I don't let you treat me now, you have to be the first to express your opinion.
Henry Keswick looked at everyone innocently. The biggest event in the Hong Kong stock market last year was Land's acquisition of Milk. Although Jardine Matheson was the biggest beneficiary, after the acquisition, Jardine Matheson's stock price fell to nothing, and life was short.
It's better.
"Your Excellency, Governor, we at Jardine are currently integrating our resources. I am afraid that large-scale recruitment will not be until a month later. We will provide jobs for the citizens of Hong Kong Island as soon as possible."
After Henry Keswick finished speaking, everyone looked at Zhang Zhonghua again. Brother, as the richest Jade Emperor Group here, it’s time to take a stand. We are very optimistic about your Jade Emperor Group!
"Your Majesty the Governor, we are already considering transferring some industries in Japan to Tseung Kwan O. Specific industries will still need to be inspected in Japan. The Jade Emperor Group will definitely cooperate with the Hong Kong government..."
Zhang Zhonghua also knows how to do Tai Chi, and he is very professional. As for inspections? I have been inspecting them for several months, and it turns out that all the industries are not suitable. I can only apologize to Yuhuang Group.
"Due to the shrinking international market, our Swire Group's efficiency has been declining year by year in the past two years. We will provide corresponding positions based on the situation of each company..."
York Schweizer said.
"We Hutchison Whampoa..."
"We Wheelock..."
"Our Far East Group..."
MacLehose looked at the heads of various companies and felt helpless in his heart. However, he, the Governor of Hong Kong, seemed to be the boss of Hong Kong Island, but he made everyone present anxious. His government orders might not even be able to get out of the Hong Kong Governor's Office.
While the Hong Kong government was scratching its head over the unemployment problem, countries on the other side of the world such as America, Mao Xiong, Yan Xia, Gaul, Java, John Bull, Maple Leaf Country, Annan and other countries held a meeting in Paris. Everyone sat down and started
To formally discuss the Annan issue, of course, we must implement and completely end the Annan War.
America also expressed her agreement to Annan's independence. They had been fighting for more than ten years and could no longer win. Now they wanted to leave this quagmire as soon as possible. Mao Xiong agreed last year and they also decided to agree.
All countries have also stated that they will withdraw from Annan, and the rest is their own business. Who will win, South Annan or North Annan, no one cares about this topic.
However, these things have little impact on Hong Kong Island. No matter how the Paris meeting goes, Cheung Kong Holdings and Hopewell Holdings have also been suspended from the stock market for more than a month. Now that the investigation is over, the two companies will resume trading on Monday.
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Sooner or later, what should come will come, and what should be faced will sooner or later be faced. Avoiding will not solve the problem, and the two companies must also be tested by investors.
————
Chinese Tour, Far East Club.
The newsstand owner looked at the market value of Hopewell Industries, which was HK$3.2 billion, with a unit price of HK$42 per share. He felt guilty because he held a lot of shares in Hopewell Industries.
"Hopewell Holdings, HK$30 per share, sell 2 lots!"
"Hopewell Holdings, HK$28 per share, 3 lots sold!"
"Hopewell Holdings, 20 Hong Kong dollars per share, 5 lots to sell!"
"Hopewell Holdings, HK$15 per share, sell 10 lots!"
"Hopewell Holdings, HK$10 per share, 50 lots to sell!"
The newsstand owner felt like his heart was bleeding. In just half an hour, Hopewell's market value had evaporated by 76%. He really wanted to cry now.
"Sell, sell all Hopewell Industries shares!"
"Quickly, liquidate all shares of Hopewell Industrial Company. Not a single share will be retained."
Countless stock investors shouted loudly and rushed to the streets. Their savings were constantly depreciating. If this continues, they will really have to live on the rooftops.
This chapter is not over, please click on the next page to continue reading!————
Central, Hehe Industrial.
Hu Yinxiang was sitting at his desk, slowly tasting the coffee in the cup. However, if you walk in and take a closer look, you will find that his hands are shaking slightly, and the coffee in the cup even accidentally spilled on the table.
Hu Yinxiang sighed deeply in his heart. Now that the stock market is open, he can escape the first day of the new year but not the fifteenth. After a year of delay, he really can't escape this time. He doesn't know how the company's market value will drop today.
He didn't expect that fake stocks of his company would appear. He couldn't figure out who had a grudge against him. This was too cruel to Hopewell Industrial. Aren't the stocks of the Dairy Company and Land Company good? That stock was good.
A few hundred Hong Kong dollars.
"Boss, our stock price plummeted half an hour after the opening. The company's current market value..."
The secretary said anxiously.
"Huh, tell me, how much has it fallen now?"
Hu Yinxiang took a long breath and then said.
"Our company's stock is floating around HK$10, and the company's market value is less than HK$700 million."
the secretary said.
"If the share price falls below the face value, then start buying back from the market..."
Hu Yinxiang was dragged down by Poly Construction this time. Hopewell Industrial was the major shareholder of Poly Construction. As a result, Poly Construction went bankrupt and Hopewell Industrial was the cause of the fire at the city gate.
Fortunately, the company had previously received more than 1 billion Hong Kong dollars in funds from the stock market. If it fell below the issue price, it would not matter if it was privatized and delisted. It would just be relisted in a few years. There would be no big losses at all, and it would only make some profit.
If you do this in America, you will receive a sky-high fine, but in Hong Kong Island there is no problem at all. Aren't those leather goods companies cutting leeks more severely?