This round of stock market crash first erupted in Hong Kong and eventually developed into a global stock market crash. The US Dow Jones index fell 508 points in a day, the Financial Times index plunged 250 points, the Nikkei Stock Average fell 3,800 points, and the Sydney stock market fell 510 points.

In the face of the surging stock market crash, governments around the world were shocked and immediately began a series of rescue policies. US President Ronald Reagan made a public speech in which he said that the US economy is now very stable and that this stock market crash is not commensurate with a healthy US economy. The Federal Republic of Germany announced a reduction in the tax rate on securities buybacks, and the stock markets of many countries urgently imposed trading restrictions, and the central bank urgently injected funds into the market.

At the same time, the head of the Federal Reserve also spoke, which will ensure the liquidity of the US financial system. With the support of the federal savings system, US banks have begun to cut interest rates and increase their trust in broker-dealers to prevent them from falling into trouble due to liquidity shortages.

The impact of this global stock market crash on the Eastern Bloc is naturally not small. The share prices of the Group's seven listed companies in the United States, the United Kingdom and Hong Kong have all fallen to varying degrees. Among them, the deepest declines were CG Corporation (Computer Park) and Oriental Semiconductor Company.

CG has been carrying out large-scale expansion in recent years, and its asset-liability ratio is relatively high, and it has been heavily sold by investors in this round of stock market crash. On Black Monday alone, CG's stock price plummeted by 38.4%.

And Dongfang Semiconductor has just completed its IPO this summer, taking advantage of the high point of the U.S. stock market. As a new stock, the share price of Oriental Semiconductor was already a little inflated in the context of the previous big bull market in the United States. This time, of course, it also experienced a deep correction, falling by 30.7% in one day.

In addition to the two stocks listed on the New York Stock Exchange by Oriental Group. A large number of other blue-chip stocks also suffered heavy losses, such as Ford, Coca-Cola, Walmart and others. The stock price also fell by more than 30%, and Westinghouse lost nearly half of its market value in one day.

In the face of such a tragic decline, all listed companies have to take action. Within a day, more than 500 listed companies on the New York Stock Exchange announced that they would buy back the company's shares to boost their stock prices.

And under this general trend, the Eastern Bloc naturally has to have some indications. For example, because of the rapid expansion of CG company in the early stage, its own cash flow is not abundant. Therefore, CG did not have a share repurchase plan, but Oriental Holdings, as its major shareholder, stepped in to increase its shareholding in CG Company.

After CG went public. Several rounds of additional issuances have already been made in order to raise the funds needed for global expansion. The stake held by the major shareholder, Oriental Holdings, has also been diluted to only 37.5%.

Oriental Holdings took advantage of the trough in CG's share price to increase its stake by 5%, bringing the number of shares back to 42.5%. This is a relatively safe value, enough for the Eastern Group to firmly control the CG company and avoid being spied on by other people with intentions.

As for Dongfang Semiconductor Company, Li Xuan's shareholding ratio has reached 40.5%, and there is no need to continue to increase his holdings. And Oriental Semiconductor is the same as CG Company. The biggest problem is massive expansion. In order to stake its place in the global market, CG has opened home appliance chain stores all over the world. The main investment of Dongfang Semiconductor is to continuously build new wafer factories.

Dongfang Semiconductor has only been established for five or six years, but the total number of wafer factories has reached 15. The ERM-3 processor that will be launched next year is expected to use next-generation process technology, and Dongfang Semiconductor is building a new large-scale wafer factory for this purpose.

The new generation process has not yet been put into use. Dongfang Semiconductor has invested heavily in the development of next-generation technologies. Therefore, although Dongfang Semiconductor Company has received orders due to the rapid development of the computer industry in recent years, almost all production lines are operating at full capacity. It generates a huge amount of cash flow on a daily basis.

However, Dongfang Semiconductor needs to spend more money, and the capital flow is still not abundant. And Dongfang Semiconductor Company is now in a critical period of development. Relying on a steady stream of large-scale investments, it is rapidly catching up with established semiconductor companies such as Intel in technology.

In particular, Intel's development in recent years has not been very smooth. Its memory business has been encircled and suppressed by the Japanese integrated circuit business at low prices. And it was originally going to transform into the processor field, but because of the early emergence of the Eastern Bloc and the ERM architecture, it suffered a miserable failure.

Although Intel did not give up on the processor market, it decisively abandoned CISC (Complex Instruction Set) and instead joined the RISC (Reduced Instruction Set) camp, and pulled Apple, SUN and other allies to form a group to compete with the Eastern Bloc.

However, relying on the two major architectures of ERM and MIPS, the Eastern Group has established a strong advantage in the computer processor market. Therefore, Intel has not been able to develop the processor market at a satisfactory pace, and can only turn a lot of energy back to memory comprehension.

In this back and forth, Intel not only lost valuable time, but also slowed down the development of new technologies because of the decline in the company's profits and the fluctuation of its own R&D focus, so that Dongfang Semiconductor Company caught up.

Dongfang Semiconductor initially started by taking on processor orders within the Dongfang Group. But the orders it now takes from other fabless semiconductor companies are basically the same as those of the Eastern Group's internal orders.

Lingering in the field of competitive abnormal understanding memory, Dongfang Semiconductor Company has also successfully grabbed a large share of the market. Especially in the low-end field, Dongfang Semiconductor Company relies on Taiwan's lower labor costs to compete fiercely with Japanese semiconductor companies.

In order to completely establish its position as the world's number one semiconductor manufacturer, Dongfang Semiconductor began to invest on a large scale in both production capacity and technology. In this case, Oriental Holdings, in the name of the majority shareholder, borrowed $200 million in cash from it free of charge, with a repayment period of two years. As the saying goes, if you have food in your hands, you don't panic in your heart! After receiving the supplement of this fund, Dongfang Semiconductor Company suddenly has greater confidence!

So it's just on the two companies CG and Dongfang Semiconductor. Li Xuan will need to come up with more than $500 million in cash to stabilize the situation. And the most important source of this money is still the Oriental Game Company. This can also reflect the huge role of Dongyou Company in the Eastern Bloc.

Of course, the impact of the stock market crash on Li Xuan is not limited to this. According to the New York Post's estimates, Mr. Walton, the richest man in the United States, was only on "Black Monday". More than $2 billion of additional wealth was issued. And some media in Hong Kong also helped Li Xuan calculate his losses on the day of the stock market crash on October 19, with a total amount of more than 30 billion Hong Kong dollars.

Of course, this reduction in wealth brought about by the decline in stock prices did not have much impact on Li Xuan's life. Because he holds most of the shares in order to better control these listed companies, he generally does not reduce his holdings of these companies. When the stock price rises back in the future, his losses will be completely compensated.

"Brother, I heard that you suffered a big loss this time, and I came back to comfort your wounded heart!" Li Ying walked into the living room. Seeing Li Xuan sitting on the sofa, he suddenly wrapped his neck around him from behind and said affectionately.

"It's better to be a sister, let me feel that there is true love in the world!" Li Xuan said perfunctorily without raising his head, and continued to tease the little baby in his arms, this is Zhong Chuhong's second child, which is three months old.

"Xiao Shaomai, do you still recognize your aunt?" Li Ying smiled, and then lowered her head and gently waved it on the face of Xiao Budian in her father's arms.

"Ahhhhh Staring at a pair of big round eyes, he struggled a few times in his father's arms. Small rice balls, small glutinous rice, small bean buns, and small roasted wheat, Li Xuan seems to be on the verge of carrying out the foodies to the end.

"Brother, did you really lose a lot this time?" Li Ying asked seriously.

"The newspapers described me as bankrupt. Your brother, I seem to be desperate!" Li Xuan shook his head disapprovingly and said with a smile.

This stock market crash has caused many citizens in Hong Kong to suffer heavy losses, but everyone's losses can only be regarded as a drop in the bucket compared to the wealth evaporated by the "God of Wealth Lee". And this kind of favorite news. Naturally, reporters from all walks of life want to make a big fuss.

Everyone has long been accustomed to seeing Li Xuan's news that making money is faster than robbing a bank. Now at first glance, I saw that "God of Wealth Lee" also fell on his head. Naturally, it is extremely comfortable! And the news media naturally organize articles as much as they can increase sales, so recently, all of Hong Kong newspapers have suddenly turned into voices that look down on Li Xuan.

After a few months of adaptation and familiarization. Not long ago, he officially became the director of the Oceanpower Foundation, replacing the second sister-in-law Zhong Chuhong, who had just given birth to her third child, to supervise the operation of the foundation.

Oceanpower Foundation is a money-only organization, and most of its funds come from Li Xuan's personal donations. If Li Xuan's career really encounters a setback, it will be tantamount to experiencing a tsunami for the Oceanpower Foundation. Therefore, some people in the foundation can't help but be worried in the past few days, and even Li Ying has become a little unconvinced under the influence, and specially went home to find out his brother's tone!

It can only be said that the impact of this stock market crash on Hong Kong society is really very serious, from the rich people from all walks of life to the common people, most of them have suffered heavy losses. However, the biggest decline in Hong Kong stocks was not on "Black Monday", but on the first day of the resumption of trading after a four-day pause.

Investors in Hong Kong have not come to their senses after a four-day cooling-off period, as Mr. Lee envisioned. On the contrary, because of the unconventional suspension of the Hong Kong stock market, everyone's panic has been exacerbated. When other securities markets, including U.S. stocks, gradually stabilized, Hong Kong stocks reopened and ushered in a more violent plunge again.

"I don't think the previous decision of the Stock Exchange has been deviated, but the market has not been as calm as we think! Hong Kong's economy has continued to grow rapidly in recent years, and the profitability of listed companies such as Lu's Electronics is very good, but these high-quality stocks have also fallen by 25% in this irrational stock market crash!

Of course, the Hong Kong stock market is still falling, and as the chairman of the Stock Exchange, I must bravely stand up and assume my responsibilities!

On the first day of next month, the Stock Exchange will hold an early re-election audition, and I myself will not run for re-election! Of course, this stock market crash has also exposed that there are still many problems in the securities market, and our current leadership is also willing to create a fairer and more open investment and trading environment for all investors, and strive for this until the last minute before leaving office!

I am here to announce that SEHK will be working with the Oriental Group to carry out a comprehensive computerized upgrade of the existing trading system! In addition, in order to adapt to Hong Kong's positioning as Asia's largest free trade port and a regional financial center, HKEX is preparing to open a new GEM in addition to the existing Main Board market!

The development model of many emerging industries is different from that of traditional industries, and they need more flexible financing channels! The new GEM boss requirements will be greatly lower than those of the main board, and they will mainly tend to support high-tech industries, so that more investors can share the huge dividends brought by emerging industries!

The TV was broadcasting the news of Li Fuzhao's meeting in the afternoon. This is Li Fuzhao's first public appearance after the resumption of trading in Hong Kong stocks. First of all, Li Fuzhao said that he would give up his re-election campaign and prepare to hold a general election meeting in advance, which is actually equivalent to Li Fuzhao announcing his resignation in disguise.

But even if he is about to leave, Li Fuzhao's strong personality has not changed at all. And he, the outgoing chairman, did not mean to finish the last few days in a low-key manner at all, but made a big move in one go!

After Li Fuzhao learned that the Hong Kong Independent Commission Against Corruption was secretly investigating him, he finally began to prepare to formulate a way back for himself, and it was naturally a very good choice for him to retreat bravely and let himself stay behind the scenes.

And he was not ready to make his competitors feel better, Li Fuzhao suddenly held a general election on the stock exchange ahead of schedule, in order to catch the other party off guard. Now that there are only a few days left before the general election, it is not easy for foreign brokerages to put forward a candidate who can convince the public all at once.

The number of Chinese brokerage members who support him behind Li Fuzhao is much greater than that of foreign brokers, so he is fully capable of re-electing a person he is satisfied with in the next election.

And Li Fuzhao, in order to protect himself, also began to choose to cooperate with others, such as Li Xuan. With the influence of the Oriental Group in Hong Kong, if Li Xuan is willing to support him, even the Hong Kong government will have to be a rat bogey! )