In September 1982, Margaret Thatcher arrived in Beijing to begin negotiations on the first treaty on Hong Kong's future during her tenure. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 infoThe reason why we want to negotiate is because of the issue of Hong Kong's vital economic interests.

First of all, the Hong Kong government's finances do not depend on other revenues or government-operated assets. Hong Kong's government assets are not very large, and the main revenue is from the sale of land use rights.

The vast majority of the Hong Kong government's fiscal revenue is channeled to British-funded consortia through various means. On the surface, Hong Kong's fair competition, but the easiest money to make is given to British capital.

And as the 97-year lease in the New Territories is about to expire, if this problem is not solved, the British colonial authorities in Hong Kong can only sell the land use rights for more than ten years, who will buy the land in the New Territories?

As for Hong Kong and Kowloon, most of the land has been developed, and if you want to get land, you generally have to buy back the previously sold land for demolition, or reclaim land to obtain new land, which is not only more expensive, but also time-consuming and labor-intensive. Unlike the New Territories, which is vast and sparsely populated.

Without the finance obtained from the sale of land, then the British government in Hong Kong will not be able to spend a lot of money, and there will be no money to spend, and the British consortium that has made a fortune behind the scenes will lose a large number of orders and profits.

Just like the Opium War, the Opium War was a period when the British government was relatively militarily strong, using small-scale local wars to force the Qing government to sign unequal treaties. However, Britain does not have the strength to do so, so the government will continue to satisfy the greed of the consortium, so it will have to negotiate for a long time.

On the question of Hong Kong's ownership, Britain has been changing its position like a chameleon after World War II. During the Japanese occupation of Hong Kong during World War II, there was not much oil and water in Hong Kong at that time, especially at the beginning of the establishment of New China, Britain was afraid of China's direct recovery by force, and once wanted to give up Hong Kong directly and transfer Hong Kong to the United States, but the United States did not take over at that time, but persuaded Britain to continue to maintain colonial rule in Hong Kong.

Later, when the Korean War broke out, the United States increased its military investment in Asia. Not only was the Korean War an opportunity for Japan's economic rise after World War II, but without the Korean War, the United States led the dismantling of Japan's heavy industry and the deindustrialization of Japan.

In addition, the Korean War emboldened Britain to realize that there was no need to give up Hong Kong with the support of the United States. At the same time, after years of contact, Britain was convinced of the existence of Hong Kong, which allowed China to retain a special channel, with the help of this limited and narrow channel, which allowed China to exchange technology and goods with the outside world, and after China took it back, Hong Kong lost this advantage.

After believing that it had an important bargaining chip, the British government in Hong Kong began to have no fear, and its ambitions for Hong Kong gradually swelled.

In the early 80s, during the critical period of Hong Kong ownership negotiations, Margaret Thatcher took advantage of the victory in the Falklands War against Argentina to throw out a plan to split Hong Kong's sovereignty and governance. In other words, Britain wants to return nominal sovereignty to China, but continue to control the governance of Hong Kong.

In other words, the British want to continue to make money by presiding over the auction of land in Hong Kong, and then channel the money to local consortia.

Of course, during the Beijing negotiations, Mr. Deng categorically rejected the unreasonable demands made by the British. Moreover, the Falklands War in Sarche was nothing more than a joke in Mr. Deng's view, and China, which dared to fight head-on with the Soviet Union and the United States, was still afraid of a small Britain? Yes, Britain now has aircraft carriers, but ...... The aircraft carrier's artifact of bullying small countries.

If the big powers really tear their faces, the fragile toy of the aircraft carrier will come over and deliver food directly. Whether it is the use of air force aircraft sea tactics or a saturation attack with a large number of long-range missiles, it is enough to destroy the aircraft carrier, and, from an economic point of view, a large number of missiles to kill an aircraft carrier, no matter how you think about it, it is a good deal.

In this negotiation, Mrs. Sarcher cunningly threw out the so-called "three treaties" theory, however, international law after World War II no longer recognizes this unequal treaty of land cession signed by force.

Therefore, Mr. Deng has reason and grounds to say that Hong Kong must be recovered in 97, and there is no room for compromise in this matter.

Margaret Thatcher did not bargain in the negotiations, so much so that when she left the Great Hall of the People, she fell twice in a row because of a trance.

Two falls down the stairs were accurately photographed by journalists, and soon after, they were featured in the media around the world.

For the rest of the world, Mrs. Saar's fall naturally has no effect, but the stock market and property market in Hong Kong are indeed worse. Originally, the Hong Kong stock market rose to a peak of 1810.20 points on July 17, 81, and the Hang Seng Index has started the prelude to a bear market.

By September 82, before Margaret Thatcher's visit to China, the Hong Kong stock index had stabilized by more than 1,100 points, but after the visit, more than 200 stocks listed in Hong Kong fell by 100 shares, and the Hang Seng Index fell below 800 points. Historically, it will fall to a new low of 676.30 points at the end of the year.

Of course, this more than 600 points later became the lowest point of the Hong Kong stock market in the next few decades, and the Hang Seng Index will rise to more than 20,000 points in the future. It can be said that Hong Kong stocks in the next few decades can be said to be the market with the highest long-term return among the world's mainstream stock market trading markets.

After the Hong Kong stock fell below 800 points, Lin Qi began to call the headquarters of the new venture electronics company in Hong Kong: "I am Lin Qi, and now I am starting to invest in the big blue chips of Hong Kong stocks, the Hang Seng Index is below 1,000 points, buy 5 million Hong Kong dollars a day, and buy according to the list of constituent stocks of the Hang Seng Index." As long as the Hang Seng Index is lower than 1,000 points, it will invest 5 million Hong Kong dollars a day, you know?"

"If the index exceeds 1,000 points, it will sell?" Zhang Ru asked.

"I'm not busy selling. Lin Qi considered, "The constituent stocks of the Hang Seng Index are basically the largest enterprises in Hong Kong, leaders in all walks of life, and investing in these is no different from buying the bottom of Hong Kong's economy." Although these enterprises are not as good as our company, we do not need to govern ourselves and expand the scale of the enterprise, so we can share the operating results of other excellent enterprises with equity investment, which is not intended to be a very convenient and fast investment method. More importantly, it's cheap......"

Lin Qi has never invested in the stock market because the liquidity of the stock market in Nima's era is too low. The turnover of Hong Kong stocks in a year is only tens of billions of yuan, with an average turnover of one or two hundred million yuan per transaction. During the market depression, the daily turnover is only tens of millions of yuan, this kind of liquidity, if you want to buy a large amount of money, the price will skyrocket, and you want to sell a large amount of money, and you will be embarrassed to find that the liquidity is too poor and it is not easy to sell.

Of course, the liquidity of real estate is even worse, so the liquidity of the stock market is good, and the panic is released quickly, and it bottoms out in 82.

Hong Kong's real estate took 84 years, and China and Britain signed a treaty to determine the institutional issues after Hong Kong's return to the motherland, that is, 50 years unchanged.

The auction of the land, not 97 years to the end of the right to use, and the annual auction of land is still limited, so that the passion of Hong Kong real estate developers to buy land. At that time, the auction price of land in Hong Kong was repeatedly at a record high.