Chapter 218: The stock market tests the waters
The little scalper's family, since Li Yadong and the three of them partnered here, the food at home has improved a lot, it was noon, there were five meals and one soup on the small dining table, and everyone sat around the table and feasted.
"Brother Dong, why don't you go to school?" The little scalper was puzzled, it had been more than a week since the start of the Hong Kong University, and she had only seen Li Yadong go there twice in total, as if he had come from the mainland to make soy sauce.
"Go, go when you have time. Li Yadong was busy dealing with a big crab claw, the thief was hard, and there was no clip, so he relied on teeth and hands, and he didn't raise his head to reply.
"......" The little scalper couldn't help frowning, thinking in his heart, I'm afraid it's not easy to graduate.
"By the way......" Suddenly thinking of something, Li Yadong glanced up at her and couldn't help asking: "Do you know the specific location of the Stock Exchange?"
"Ah, the Stock Exchange?" the little scalper was surprised, "what are you doing on the Stock Exchange?"
"Isn't this nonsense, what else can you do when you go to the Stock Exchange?" Li Yadong said angrily.
The little scalper was shocked and said continuously: "Brother Dong, are you going to speculate in stocks, that thing can't be touched, it will cause people to go bankrupt......"
Even the grandmother on the side said: "Yes, Xiaodong, stocks are harmful, but don't touch them." ”
Li Yadong smiled and didn't refute, knowing that they were well-intentioned, but where did they understand their plans. Many Hong Kong people in these years have been scared by stocks.
Unlike the sixties and seventies, the Hong Kong securities industry at that time was really hot, from high-ranking officials and nobles to peddlers and pawns, it can be said that no one did not buy stocks, including the monks and nuns in the temple, they could not resist the temptation and went to the sea to speculate in stocks.
Many domestic helpers will only pick those who can buy stocks on their behalf, stockbrokers are in high demand, they are guests everywhere they go, and even when the waiters in the teahouse serve food, they will give them an extra plate of snacks, just to extract a so-called inside information or two from them.
The stock market is good, you can almost make money when you buy it, and it is logical to upgrade consumption, and the smack-smacking behaviors such as "shark fin rice", "brandy gargle", "rat spots to make fish balls" and other smacking behaviors have become the best footnotes to that market.
Beginning in 1973, the Hong Kong stock market, which was in high spirits, finally encountered a waterloo, and the Hang Seng stock index fell all the way, which coincided with the bank interest rate hike and the first oil crisis, and as of 1974, the Hang Seng Index fell from 1,775 points to 150 points, a drop of 91 percent in two years, and the Hong Kong stock market collapsed almost entirely, countless people lost their money, and there were countless people who jumped off buildings.
In contrast, the fluctuation of the mainland stock market in the future is simply a small fight.
It is also in the past two years that stocks have turned from the initial sweetness to poison in the hearts of most Hong Kong people.
The wave of people who have not yet died have basically left the stock market, so that the Hong Kong stock market has entered a long cold winter, if it were not for the capital predators to find new business opportunities from the real estate market, Hong Kong's economy is afraid that it will not be able to get out of that haze now.
Knowing that she couldn't ask a reason from the mouth of a little scalper, she was such a picky person, it was better to let her speculate in stocks, and she would not approve of others speculating in stocks, so Li Yadong simply didn't bother to ask.
After eating, I rode out on a motorcycle, and asked people on the street, only to know that the stock exchange was not far away, so I immediately killed him.
The Stock Exchange, whose full name is the Stock Exchange of Hong Kong, was established just last year and is now the only stock exchange in Hong Kong. Before 1986, there were four exchanges in Hong Kong, also known as the "Four Clubs", namely: the Hong Kong Club, the Far East Club, the Kowloon Club, and the Gold and Silver Club.
Securities trading in Hong Kong was first seen in the mid-19th century, and then until 1914, when the Hong Kong Stock Economics Association was established and renamed the Hong Kong Stock Exchange.
The early stockbrokers were British, wearing black top hats, gray tuxedos, and delicate sticks, haggling for business on the streets of Hong Kong before asphalt roads at the time. The purpose is to turn Hong Kong, a wild land infested with pirates and scarce resources, into a bridgehead to open up the Chinese market.
At that time, the Hong Kong stock market was dominated by British capital, and the trading volume was sluggish, and the listed companies were mainly British-funded enterprises such as Jardine Matheson and Swire & Co. During this period, Hong Kong's stock market developed relatively slowly, far behind the Magic Capital, China's financial center at the time.
In the forties and fifties of the twentieth century, affected by the war, a number of enterprises from the magic capital and other cities in the mainland came to Hong Kong to go public, on the one hand, to raise funds to develop their business, and on the other hand, to buy insurance for the uncertain form of the mainland at that time. They brought about half a billion dollars in capital, as well as a lot of advanced equipment, technology, cheap labor.
The influx of capital from the mainland into Hong Kong has led to a sharp increase in private wealth, and more importantly, the immigration from the mainland has changed the social structure of Hong Kong, and the Chinese have gradually gained the economic strength to compete with the British capital. Some Hong Kong companies, such as Kowloon Warehouse, Watsons and Hongkong Land, have grown from strength to strength and become an important part of Hong Kong's economy. With the founding of the People's Republic of China and the closure of the Shanghai Stock Exchange in 1949, the Ten Mile Ocean Market began to fall silent, while the Pearl of the Orient began to shine.
The booming economy and the Chinese tradition of attaching importance to savings have led to high social inflation, and the world's shocking exodus from Hong Kong has ushered in a population explosion in Hong Kong. The yearning for a better life has been transformed into the inexhaustible motivation of the little people in Hong Kong, and the whole city is full of vitality, and the ambition to get rich and ** is written on the face of every Hong Kong person.
In 1969, Li Fuzhao, a son of a famous Hong Kong family, and his partner Wang Qiming and others established the first Chinese-dominated stock exchange: the Far Eastern Club. It is committed to allowing more Chinese to participate in the stock market, providing Hong Kong citizens with many conveniences such as Cantonese trading, personal investment, and reduced trading commissions.
In its first year of operation, the innovative Far Eastern Club rivaled the Hong Kong Stock Exchange in terms of turnover and soon became the most traded exchange in Hong Kong. Later, two exchanges, the Gold and Silver Club and the Kowloon Club, were established one after another, and the Hong Kong stock market ushered in the era of four parallel associations.
It was not until the end of March 1986 that the four associations were formally merged, and the current Hong Kong Stock Exchange was present.
After Li Yadong came to the Stock Exchange, he walked in, although the current Hong Kong stock speculation is far less than before, but the hall of the Stock Exchange is still overcrowded, the walls around it have been specially decorated, and the wooden counter is embedded with the kind of "big butt" computer, there is no large LED trading screen in the stock exchange in the future, and the content displayed on the computer is also simple to vulgar, a total of three lines: stock code and name, entry price, bid, K-line chart There is obviously no such thing.
Therefore, in this era, people who buy stocks, market makers may still drum up some inside information, while retail investors basically rely on feelings and luck, and scientific analysis methods are almost non-existent.
Just one word, just do it.
"Sir, do you have a fancy for any stocks?" As soon as Li Yadong walked to the circular office area in the middle of the hall, a staff member wearing black-rimmed glasses asked with a smile.
"There is no ...... for the time being," Li Yadong smiled and waved his hand, "By the way, what procedures do you need to open an account here? I am an international student and do not have a Hong Kong ID card." ”
The glasses staff signaled that it was okay, "Sir, as long as you can show legal identification, you can open an account." ”
"Oh......" Li Yadong sighed, said, took out his international student card, and handed it over.
Since you have decided to play stocks, you naturally have to open an account first, otherwise you will really take a fancy to that stock later, and you can't buy it if you want to. The stock market is changing rapidly, and if you miss it, you miss it. Li Yadong was a retail investor in his last life, and the market was not good in the past few years when he speculated in stocks, although he didn't make any money, but after going through hardships, he finally learned something.
Stocks are a scary game, especially futures, sometimes it feels like it can double your assets in a few minutes.
Of course, it can also break the bank.
The process of opening an account is very simple and takes only a few minutes. At this time, Li Yadong squeezed into the crowd and, like other stockholders, observed the market changes on the big-butted computer.
To be honest, I don't even have a daily K-line chart, and I don't know about the recent Hong Kong stock market, so I can't see the reason at all, I can only rely on my feelings.
There are a total of hundreds of stocks in the entire exchange, which is dazzling, and in the end, there are really no stocks in those memories, Li Yadong simply didn't bother to look at them, and stayed on a few famous big stocks like Wharf. Talk about "The Grass Age