The first bear market in the 1980s began on July 17, 1981. On the same day, the Hang Seng Index climbed to 1,810.20 points, setting another all-time high.

In the evening of the same day, the Hong Kong Association of Banks announced that the savings deposit interest rate would be increased from 11% to 12% with effect from 21 July, with the aim of saving the weakening Hong Kong dollar.

At that time, the interest rate gap between the Hong Kong dollar, which was not pegged to the US dollar, and the Eurodollar was as high as 3 and a half, which in turn attracted a large amount of funds to be transferred overseas for arbitrage.

As a result, on Monday, July 20, after the Hong Kong stock market opened, the Hang Seng Index fell in response, falling 32.20 points on the day, which kicked off the bear market.

On October 5, 1981, the Hang Seng Index plummeted by 120 points in one day, setting a record low of 1,113.77 points that year.

The difference between the highest index and the lowest index for the whole year was 696.43 points, a relative decline of 38%, and some stocks reached more than 50%, which is a huge fluctuation, which irrefutably proves the downturn in the stock market.

Of course, there are exceptions to everything. Between the end of 1981 and the first half of 1982, Jardine Matheson and Tang Huan competed for Heung Kong Telephone and Heung Kong Electric Lights, and Tang Huan acquired Jardine Matheson, and a series of capital wars stimulated the Hong Kong stock market, causing the Hang Seng Index to rebound above 1,400 points for a time.

However, after the bursting of the real estate bubble, especially the emergence of the Jianing fraud case, and the visit of British Prime Minister Margaret Thatcher to China, trying to solve the future of Hong Kong with "sovereignty in exchange for governing power", but the result was rejected and refuted, the pessimism in the Hong Kong stock market completely exploded.

The tumbling Hang Seng Index. On December 2, 1982, it hit a new low - 676.30 points.

Fortunately, it doesn't matter how negative events such as rumors, real estate crashes, Hong Kong dollar depreciation, and bank runs have made waves. The Hang Seng Index has been hovering between 800 and 1000.

Arguably. At this stage, the impact of the political situation on Hong Kong's economy has been superficialized. The strongest evidence is that since the resumption of negotiations between China and the UK in the second half of last year, the Hang Seng Index has followed the ups and downs of the negotiation process.

After entering 1984, the Hong Kong stock market finally had a good news to boost investors' confidence.

The good news is that the Heung Kong Telephone Company completed the acquisition of Dadong Telegraph Office Heung Kong Co., Ltd., and officially changed its name to Heung Kong Telecom Company, replacing the original listed status of Heung Kong Telephone Company.

Heung Kong Telecom has four operating subsidiaries. They are Heung Kong Telephone Company Limited, which is in charge of all Hong Kong fixed-line telephone and paging services, Heung Kong International Telecommunications Company Limited, which is in charge of all Hong Kong long-distance telephone and telegraph services, Heung Kong Telecom CSL Co., Ltd., which is in charge of all Heung Kong mobile communication services, and Heung Kong Telecom Internet Service Limited, which is in charge of all Heung Kong Internet services.

Among them, the latter two belong to the new service category, and although the share of revenue contributed is still somewhat weak, it is growing very rapidly. More importantly, it has the special significance of turning Heung Kong Telecom into an all-rounder.

CommunicationServices Limited - Communication Services Limited (CSL) uses NEC's NAMTS mobile phone system.

At present, the R&D progress of Tang Huan's team in this field is still lagging behind the established companies in the United States and Japan, after all, the other party has a first-mover advantage, but it will not take a few years. You can surpass them.

The network access service provided by Heung Kong Telecom Network Link Co., Ltd. is the same as that of Pacific Telecom in the United States, with a transmission speed of 1200bps. This is completely in sync with the world's most advanced commercial level.

In fact, Tang Huan is equivalent to making Heung Kong Telecom a standard model and a practical model, so on the day of the resumption of trading, in addition to the great attention of investors, Chinese mainland, Baodao, Singapore and other regions of the communications industry peers came to observe in different capacities.

When Tang Huan presided over the ceremony, the stock exchange was filled with all kinds of voices about how many people bought "No. 8 Zai".

The title of "No. 8 Tsai" comes from the stock code, and the listing status is inherited from Heung Kong Telecom, which is 0008, so it is commonly known as "No. 8 Tsai".

In terms of asset size alone, the overall value of Heung Kong Telecom, which is close to HK$10 billion, and is largely a new wine in old bottles, has little room for speculation, making it more suitable for long-term investment, and also catering to the needs of investors' lack of confidence.

Tang Huan, who completed the task, just walked out of the exchange, and was surrounded by waiting reporters. He hasn't appeared in public in Xiangjiang for a while, but he has suffocated these media with all kinds of problems.

……

"Mr. Tang, now everyone is saying that "Protecting Flowers" will become the first Chinese-language blockbuster to exceed $100 million at the global box office, which is an extraordinary milestone, which shows your box office appeal. Do you have any plans for the next step in filming? ”

Hearing this, Tang Huan smiled and said: "Everyone is too exalted to me, how can I have any box office appeal, the actor industry is not easy to do, I don't want to be difficult for myself anymore." ”

"Mr. Tang, on January 31, the Baosheng Bank deposit car was hijacked, and the gunmen immediately crashed into your motorcade. Excuse me, were you in the car at the time? ”

"Do you want me to go through such a danger?" Tang Huan, who had no interest in such gossip questions, asked lightly and sent the other party away.

"However, it is said that some investors plan to use this incident as a blueprint to make a movie and invite you to be the leading actor."

"And how much should I be paid?" Tang Huan said unceremoniously: "When you make movies, it's best not to always think about how to grandstand to make money, which is a harm to the long-term development of the film industry in Xiangjiang." ”

"Mr. Tang, I heard that TVB's TV program signal transmission is the same as that of Media Asia TV, and it is handed over to Heung Kong Telecom. Since you acquired Media Asia TV, its coverage has surpassed that of TVB. Is there any inside story about giving up this advantage now? ”

"Doing business, one yard to one yard. Could it be that after I opened a supermarket. Won't you sell your old bank's computer system to another supermarket? Besides. The direction of competition for TV stations is program content. Emphasizing other aspects is inevitably a matter of recklessness. ”

"Mr. Tang, several Chinese-funded banks in Xiangjiang have recently been exposed to be in operational difficulties, will you help them as you did with Sun Hung Kai Bank?"

"I'm helpful, but I'm not a savior. And I'm not familiar with the banking industry, so I don't necessarily have the root cause of the problem. I supported Sun Hung Kai Bank because of personal relationships. In fact, my relationship with the bank can be described as one of mutual customers. The bank buys my IT solution and I get a loan from the bank. That's it, I don't want to be a part of the banking industry and compete with customers. ”

……

For questions with technical content, Tang Huan answered very seriously. After all, the results of communication and interaction with the public are accumulated step by step through patience.

Finally squeezed out of the crowd and got into a Rolls-Royce with a No. 3 license plate, Tang Huan let out a sigh of relief and ordered: "Hurry back to the Mandarin Oriental Hotel." ”

Uncle Han Anyong's rheumatism. The treatment was quite effective, so he also returned to his normal work. However, the position has just changed, and he was transferred to Dongrun Group as the deputy general manager, which is regarded as a permanent residence in Xiangjiang.

Dongrun Group can be called the window of central enterprises in Xiangjiang, so Han Anyong's work arrangement reflects the good intentions of the above.

After the two met and chatted for a few words, Han Anyong quickly turned to the topic and brought a piece of news, "On January 29, the Long March 3 made its first mission flight and carried a Dongfanghong-2 communication test satellite, but the launch failed because the Long March 3 stage 3 rocket failed to enter orbit. ”

After Tang Huan digested the report, Han Anyong said seriously, "The communication satellite you bought from the Hughes Aircraft Company of the United States is worth a lot of money, and you should carefully assess the risk of launch failure." ”

"Aerospace engineering is inherently extremely risky, so I am naturally mentally prepared. For example, on February 3 this year, the US space shuttle "Challenger" launched the Western Union-6, and the result was that it did not successfully enter orbit. So in this industry, there is no 100% success to speak of. Tang Huan smiled, "Of course, although I understand, but I also have to re-evaluate the risk for this, perhaps, the terms of commercial insurance need to be appropriately adjusted." ”

"Okay, I'll relay your meaning." Han Anyong nodded, then changed the conversation, and said with a smile: "I also want you to have a company listed every year, no wonder you are so confident and support An Yuan to mess around." ”

"When financial leverage is used well, it is equivalent to spending other people's money to do things for yourself." Tang Huan refilled the tea for Han Anyong, "Sooner or later, central enterprises will have to walk on the road of listing in Hong Kong, since my uncle has joined Dongrun Group to work, you might as well pay attention to accumulating experience in this area, and you will definitely be able to use it when the time comes." ”

……

Tang Huan and Han Anyong were also nowhere to be seen, and when they were dining, they directly ordered a few dishes and put them on the coffee table in the reception room, and the two nephews and uncles had a drink on each other.

At this time, the host of the financial program of Media Asia TV began to broadcast today's situation of the Hong Kong stock market, "Affected by the positive factors of the resumption of trading of Hong Kong Telecom, the Hang Seng Index finally rushed to the long-lost 1,000 points ......"

"This company that you have taken great pains to snatch from the British, is really angry!" Han Anyong laughed loudly.

"Clean up Jardine, the situation in Xiangjiang is at least half stable." Tang Huan said with emotion that in the original time and space, Jardine Matheson, which had been making small moves, announced the relocation of Bermuda in 1984, which immediately caused panic in the market, and the Hang Seng Index fell 5.8% the next day. As a result, many listed companies are vying to follow suit and apply for re-domiciliation.

Now, without the-stirring stick of Jardine Matheson, the Hong Kong stock market began to show signs of recovery relatively easily at the beginning of 1984.

At this time, the TV host continued: "The Hong Kong stock market is expected to usher in the second good news, Hutchison Whampoa will announce the results of the date approaching, according to well-informed sources, Hutchison will pay a cash dividend of HK$4 per share, with a total value of HK$2 billion." ”

"The giant businessmen in Xiangjiang are all human spirits, and their sense of smell is simply too sensitive to the current situation." Han Anyong looked at the TV, smiled and shook his head.

……

After sending Han Anyong away, Tang Huan took a hot towel, covered his face, and leaned on the sofa to think about things.

After a while, there was a knock on the door, and then a man came in with light steps.

"Maggie, have you eaten?" Tang Huan, who maintained his posture, asked casually.

"I've eaten it." Zhang Manyu leaned over her face curiously, "Why don't you know that I'm here without looking?" ”

"The fragrance on your body is the best basis for judgment." Tang Huan replied lazily.

"Liar, your whole face is covered with a towel, how can you smell it?" Zhang Manyu said as she mischievously took down the towel that had cooled.

"Finished filming?" Tang Huan stretched comfortably and glanced at Zhang Manyu a few times. It can be seen that the other party deliberately dressed up before coming, full of freshness.

"'The Frog Prince' is finished." Zhang Manyu clasped her hands together and imagined, "This is my first movie, and it must be a big hit at the box office." ”

"The meaning of the first time is naturally extraordinary." Tang Huan smiled meaningfully, raised his hand on Zhang Manyu's shoulder, and his fingers slid down the other party's slender collarbone, "Recently, I also had my first experience." ”

Zhang Manyu, who was taught by Fang Yihua in various face-to-face ways, has been mentally prepared even if her personality is simple. More importantly, Tang Huan is rich enough, young enough, humorous enough, and personable enough, and it is difficult for girls to resist when they come into contact.

"A big man like you must have experienced a lot of experience, will there be a first time?" Zhang Manyu pretended to be unaware and asked with a blushing face.

"Of course there is, it was on the battlefield, the first time I saw a soldier wearing a steel helmet, holding a submachine gun, rushing over with a hideous face......" Tang Huan replied leisurely.

"You're talking about scenes from the movies." Zhang Manyu, who was a little afraid of itching, finally couldn't help it, and twisted her body a few times with a smile, like a cat.

……

The development of cable television in the United States has long passed the stage of horse racing, and the early licenses are now almost concentrated in the hands of powerful companies.

Because of this, the development form of this industry has evolved into a game of competing for capital, which can be described as the one with the highest price, and the Quartet will be killed. And CNN is verifying this unanimous law over and over again.

Recently, Ted. Turner and Murdoch have made no secret of their hostility to each other in this area, fighting for MetMedia's cable network.

Tang Huan, who was enjoying life in Xiangjiang, received Ted. Turner's plea for help, because he played big this time, may need to use more than $3.5 billion in funds, and some of them cannot be turned. (To be continued.) )