1402 [New Deal for Rescue City]
Seeing the chaotic scenes transmitted by the "war correspondents" on television, the people of Hong Kong were speechless in astonishment for a while. Pen % fun % Pavilion www.biquge.info
"Oh my God, how did Hong Kong get into such a mess?"
"Since the June Seven Riots, I have never seen such chaos in Hong Kong, it is simply a paradise into purgatory!"
"Husband (wife), let's emigrate. Hong Kong can't stay any longer!"
Shocked, the public was confused about Hong Kong's future and lost confidence.
Although the riots only lasted for half an hour, they were quelled under the strong suppression of the police. But until midnight, the finishing work continued.
People on the street can clearly hear the sirens of police cars, fire trucks, and ambulances sounding from time to time on the road, making everyone panic and unable to sleep all night.
According to the news program, the Governor of Hong Kong had issued an order to mobilize British troops stationed in Hong Kong into the city, set up checkpoints at major intersections to maintain order, and did not withdraw until the end of the sweeping work at 5:30 a.m.
Seeing the picture of the garrison on the screen being armed with guns and live ammunition, the people of Hong Kong also suddenly felt a kind of solemn atmosphere of "black clouds crushing the city and wanting to destroy it, and the mountain rain is about to come and the wind is full of buildings." This has made the people of Hong Kong, who have lived in peace for 20 years and are accustomed to peaceful life, feel very uncomfortable.
To add insult to injury, at half past nine in the evening, the U.S. stock market opened and fluctuated again. The Dow Jones fell from 1,950 points to 1,793 points, a drop of 8 percent.
The sharp decline in U.S. stocks has made Hong Kong investors lose confidence even more. Because they originally thought that since the US stock market has begun to recover, the Hong Kong stock market should soon stop falling and rise. After all, the collapse of Hong Kong stocks was affected by the collapse of the United States. But now the United States has plummeted by nearly 160 points again, which has caused the public's confidence in Hong Kong stocks to collapse all at once.
……
"Mr. Xia, the riots broke out in Hong Kong, and the U.S. stock market plummeted again, and the Hong Kong stock market must be very lively when the market opens this morning. Liang Botao called Xia with a smile.
"Yes. Summer also nodded, and then asked worriedly, "Bo Tao, how did you say that the U.S. stock market will plummet again?
"Mr. Xia, after the stock market crash, it is normal for the stock market to fluctuate and decline. Liang Botao smiled.
A quarter of the population of the United States is directly engaged in stock investment, and this stock market crash, the US stock market has evaporated hundreds of billions of dollars, causing these people to lose a lot, weakening their purchasing power, causing consumer spending to fall, and directly affecting business production.
It is estimated that next year, the United States' private consumption expenditure will be reduced by $50 billion, which will hit the consumption-led US economy hard.
The stock market crash also caused companies to vote of no confidence in the U.S. economy and were reluctant to expand production. The stock market crash has also led to the fact that companies are afraid to issue new shares, and there are difficulties in financing. The reduction in investment has led to the loss of a large number of workers, which has caused serious social problems.
Before the US stock market crash, but in the first half of '87, foreign investment in the US stock market was as high as $200 billion. However, after the stock market crash, foreign investors' confidence in the U.S. stock market suffered a serious setback, and they withdrew from the U.S. stock market one after another.
Under the internal and external troubles, the US economy is naturally facing severe challenges, and it is natural for US stocks to fall again. However, this should only be an adjustment, and the possibility of another stock market crash is very slim.
After listening to Liang Botao's explanation, Xia nodded.
……
"Brother Tian, yesterday's scene was really scary. When he got up early to eat, Wang Qixian still had palpitations.
Yesterday, shareholders gathered to protest at the Hong Kong Governor's Office, and ATV also sent an interview team to report, and the result happened to be a chaotic picture.
The chaotic scene, the frightened crowd, the brutal looting, and the violent suppression all shocked the people of Hong Kong. Wang Zhengxian also saw this kind of scene for the first time in Hong Kong, and he was also very shocked.
"yes, it was a lot of trouble yesterday. Summer nodded and smiled, "But don't be afraid, even if there is no trouble outside, we won't be able to make trouble here." ”
The Kadoorie Hills, where they are located, are an upscale residential area with tight security and are also the focus of police patrols. Unless there's really chaos in the world, they'll keep the peace here.
What's more, they also have bodyguards such as Wang Baoshen, they can fight ten at a time, even if some people really rush in, they won't cause them any harm.
"Hmm. Wang Yuxian nodded, and then asked with concern, "Then do you still have to go to work today?"
"Yes. Xia smiled slightly, "The more times like this, the more I should stand up and stabilize people's hearts." Otherwise, the company will be in chaos, and even Hong Kong will be in chaos. ”
"Then you have to be careful. Wang Qixian hurriedly instructed.
"Don't worry, it's daylight, and under the sunny day, I don't believe anyone dares to be presumptuous. Summer said with a smile.
……
After breakfast, go back to the office.
Seeing that the atmosphere of the company was also very depressing, everyone did not have a smile on their faces, but a look of horror, obviously they were also scared yesterday.
"Mr. Xia, the good news, yesterday the Hong Kong government held an overnight meeting to discuss the rescue strategy, and issued several policies that are beneficial to us. Liang Botao reported with a smile.
"What, do you have news?" Xia quickly asked when he heard this.
"I have information, but the information is not conclusive, I only know that the Takeovers and Mergers Committee is going to introduce a temporary policy, which seems to be aimed at mergers and acquisitions. Liang Botao said with a smile.
"Hmm. When Xia heard this, he nodded, "The market will open in an hour, and I think the Hong Kong government should announce it soon." If we do make changes to our policies on acquisitions and mergers and acquisitions, it will be beneficial to us. ”
The Takeovers and Mergers Committee is responsible for overseeing the takeovers and mergers of listed companies. When a party acquires 3/5 of the shares, it is required to issue a compulsory tender offer to all shareholders.
Now that it has come to the rescue, it is likely to relax the requirements for takeovers and mergers of listed companies, so as to stimulate the market. And as soon as it relaxes the requirements, it will naturally be beneficial for the summer acquisition. Therefore, he very much hopes that the Hong Kong government will announce the rescue strategy as soon as possible.
At nine o'clock, the Association of Banks was the first to announce that in October, the deposit rate would be lowered by 1.75%. At 9:05, the Exchange Fund, HSBC, Jockey Club and other organizations announced a bailout and would enter the market to buy stocks to stabilize people's hearts.
At 9:10 a.m., the Takeovers and Mergers Panel announced that it would temporarily waive the 35 per cent mandatory general takeover threshold and the 5 per cent annual share purchase limit.
After hearing the news, Xia and Liang Botao both cheered together.