"Did you buy what I asked you to buy?" Qiao Feng called out to Wang Jing and asked.

"Hey, hey." Wang Jing slowly turned his head and smiled very embarrassedly.

"Didn't buy it?" Qiao Feng asked.

"Ahh Wang Jing nodded.

"Why don't you buy it?" Qiao Feng was speechless.

"I'm scared." It would be inexplicable for others to talk to each other, but the two of them know what they are talking about.

"What are you afraid of, you have a lot of good locations to choose from now, and when it rises next year, you will almost be able to earn back what you lost before." Qiao Feng said angrily.

"What if we meet another Jianing?" Wang Jing said with little confidence.

"I'll go, are you stupid, Jianing, you, bought stocks, now it's for you to buy a house and buy a property, can it be the same? The house is yours when you buy it, whether you lose money or not, whether you make money or not depends on the market situation, even if you meet a company like Jianing again, you have bought the house, can the Hong Kong British government still let you spit it out?

"But now everyone is selling their properties, and a few of them are buying houses."

"If you don't have everyone selling, how can you buy the bottom at a low price."

"What if, what if there is a call from there, or what if it is really communist?" Wang Jing pointed to the north.

"Damn."

...............

Hong Kong in 1983 was a turbulent year, in fact, it began to be turbulent two years ago, and it became turbulent with the beginning of the Sino-British negotiations on the issue of Hong Kong's return.

Hong Kong citizens are very hesitant, and the hesitation in life is secondary, and the main thing is economic hesitation, for fear of being communist.

Of course, this is actually a bit of a joke, the economic hesitation is because of the crazy speculation, the second is that interest rates continue to rise, the credit of banks and financial companies shrinks, and third, it has encountered a worldwide economic downturn.

The fourth and most important one is the problem of regression.

The main point of the reunification problem is in the New Territories, because according to the New Territories Lease signed between the Manchu government and the British, the lease was 99 years, signed in 1898, and expired on July 1, 1997.

Why is the New Territories the main point, because Hong Kong Island was permanently ceded in that year, and the Kowloon Peninsula was also permanently ceded, and only the New Territories were leased and had a term of residence.

By 1997, if China wanted to reclaim the New Territories, the British would inevitably not be able to keep Hong Kong Island and the Kowloon Peninsula, not because they did not want to, but because they could not.

Hong Kong is not a militarily defensible place, and given that most of the water and food supplies come from Chinese mainland, and the New Territories occupy 92 percent of the total area just wanted, it is not feasible to return only the New Territories to China and retain Hong Kong Island and the Kowloon Peninsula economically, and even in terms of agreement.

Then there is a problem, it is getting closer and closer to being repossessed, how to calculate the term of buying land and buying real estate, because the British lease of the New Territories has more than ten years left, that is to say, the British can only sell the land for more than ten years.

In '79, when Hong Kong Governor MacLehose visited China, he asked for an extension of the lease from a commercial point of view, and even if he could not extend the lease period, he wanted China to agree to their sale of land in the New Territories beyond the term of 97 years, and changed the original term of the "New Territories" title deed (June 27, 1997) to a local lease "valid for the period under the control of the British Crown", so as to achieve the purpose of blurring the "97 limit".

But the Chinese told Mr. McRihao that whatever the wording used to extend the term of the lease, it must avoid "British control issues". In September of the same year, Chinese Assistant Foreign Minister Song replied to the then British Ambassador to China, Collida, that the Chinese Government did not agree with the British proposal.

At this time, everyone knows that the resumption of the New Territories must be a sure thing, the key is that the land can only be bought for more than ten years, and the most critical Hong Kong began to circulate the saying that the 97 limit is that after the 97 New Territories is repossessed, all the land contracts purchased before are not valid, no matter how many years the land contract you bought, it will not be yours at that time.

So who would dare to buy this?

As a result, Hong Kong's real estate quickly fell into a downturn from the previous boom, and then with the soft kneeling of British Prime Minister Margaret Thatcher in front of the Great Hall of the People last year, both Hong Kong's property prices and stock markets collapsed after this fall.

What is the jump price, the collapse of property prices in Hong Kong at this time, and the collapse of the stock market is the most appropriate portrayal.

The Hang Seng stock index fell directly from more than 900 to more than 700, and then continued to fall uncontrollably. Real estate is even worse, with land prices generally falling by 40 to 60 percent, with the largest declines being in industrial land and high-end residential land. The selling price of industrial sites in Kowloon Bay fell by 93 per cent from a peak of $360 psf in December 1980 to $25 psf in October 1982.

The consequence of such a plunge is that the real jump price, because the investment in stocks failed, the speculation in the hands of the hand, many people were unbearable and really chose to jump off the building.

For a long time, Hong Kong citizens had to avoid high-rise buildings when walking on the road, for fear that they would jump off the next one and smash themselves to death.

Many large real estate companies have plummeted, and real estate smashers have suffered quite serious losses.

Among them, the veteran real estate company Zhongjian Real Estate broke out in March this year in a financial crisis and was forced to suspend trading in the stock market and announce liquidation.

Even more shocking than the collapse of the carnival is the collapse of the once famous Jianing myth, that is, the real estate company selected by Wang Jing for stock speculation.

Jianing only began to rise in the late seventies, and once it rose, it soared into the sky and was unstoppable.

In January 1980, Jianing announced that it had partnered with Chung Ching-man of the Chung family to purchase the Golden Gate Building in Admiralty from Hongkong Land for $998 million, which Hongkong Land had purchased from Jardine Matheson for $715 million a year earlier. In September 1981, Jianing announced that it would resell the Golden Gate Building to the Lin Xiufeng brothers' Bainingshun Group at a price of 1.68 billion yuan, making a profit of hundreds of millions of yuan in less than one year.

At this time, Jianing Real Estate became a shining star in the Hong Kong stock market, with a market value of 3.921 billion yuan at the end of 1981, becoming the fifth largest real estate company in the Hong Kong stock market after Hongkong Land, Cheung Kong, New World and Xindi.

In 1980, Jianing Group was known as the "gold medal bookmaker" at that time, Zhan Peizhong, who made his stock price soar 16 times by manipulating the stock price (this practice is now illegal), once from one yuan, to November 1980 rose to 17 yuan and nine jiao, and for a time became a myth in the stock that only rises but does not fall, and wins the general.

It was at that time that Wang Jing entered the game, and as a result, the world was impermanent, and Jianing failed to consolidate the achievements in time after experiencing a "snowball" development, and it involved too many fraudulent elements in commercial transactions.

With the complete collapse of Hong Kong's housing market and stock market, in November last year, Jianing's main partner, Yida Investment, was liquidated, and the company's chairman Zhong Zhengwen absconded from Hong Kong, leaving behind 2.1 billion yuan in debt and other loan guarantees of 1.6 billion yuan. In January 1983, the trading of three listed companies of Jianing Group was suspended, and then the Hong Kong police found that Jianing's huge liabilities to the main lender Yumin Finance did not match Jianing's accounts, so they launched a large-scale search of Jianing.

After that, Jianing was suspended and liquidated, but many financial companies and banks were unable to recover the arrears, let alone the minority shareholders who followed the trend, and the stocks in their hands were suddenly turned into waste paper.

Wang Jing is the bigger one among the small shareholders who follow the trend, he bought Jianing's 2.7 million shares, all of them were lost, and half of his net worth was gone.