The failure reported by Zhou Mi refers to the failure of the acquisition of Heung Kong Telephone.

For more than 30% of the shares, Hongkong Land frantically smashed nearly 1.4 billion, which greatly surprised the careful expectations, and as a result, it was caught off guard, missed the opportunity, and quickly lost.

In the context of the mainland's clear proposal of reform and opening up, the Xiangjiang Hang Seng Index broke the bullhide boredom from 1976 to 1977, from a low of 383.4 points in 1978 to 1810.2 points on July 17, 1981, an increase of 3.7 times in just three years.

It can be seen that investors are optimistic about Xiangjiang, a commercial springboard to enter the mainland, which naturally promotes the enthusiasm for real estate development, and even a frenzy of property speculation in the market.

There is one indicator that can explain to some extent the jaw-dropping extent of this speculation, that is, the ratio of housing to the housing burden of property prices, which is the proportion of housing expenses in the income of college graduates, which was once as high as 180% at its peak, that is, the people at the bottom have to use nearly double their income to afford a house.

Jianing Group took advantage of this great opportunity in the stock market to speculate and blow up a big soap bubble.

However, in 1981, that is, on July 17 this year, the Hong Kong Association of Banks announced that the savings deposit interest rate would be increased from 11% to 12% from July 21, so the Hang Seng Index began to fall from its peak on the same day.

According to the historical trajectory, this is the prelude to the first stock market crash in Xiangjiang in the 1980s.

Coupled with the stalemate between China and the UK, which have begun on the future of Hong Kong, the Hang Seng Index will fall by a combined 63% this year and next.

And this decline. It continued until 1984, when negotiations between China and Britain reached an agreement. After the situation is clear. will bounce back.

In this context, Tang Huan believes that as long as he sincerely acquires more than 30% of the shares of Xiangjiang Telephone, even Jardine Matheson is interested, but in the Wharf acquisition war, due to his own intervention, he did not knock a sum of cash from the charter king as in the original time and space. On the contrary, the difference fell into its own pocket, resulting in its limited competitive strength.

The team of H&Q Investment Company, after research, the results were similar to Tang Huan's inference.

Therefore, we are responsible for the specific implementation of the policy, and set the policy of acquisition as stable and friendly, and do not spend unnecessary unjust money.

After all, relying on Tang Huan's speculative information to accumulate his family background, it is not good to be wanton.

It can be said that Tang Huan's side is very well calculated. It stands to reason that the acquisition should be nine out of ten. But they left out a subjective element of human influence – from the internal corporate political struggles of Jardine Matheson.

The current chairman of Jardine Matheson, which is often referred to as Taipan by Xiangjiang people, is David Newbigging-David? New Bijian.

During the First World War, his father was awarded the Cross of Merit in 1918 for his military service, and went to the Far East and Hong Kong to develop, from 1938 to 1947 he served as a director of Jardine Matheson, and was appointed as a food control officer on the eve of the fall of Hong Kong by Japan in 1941, and then was imprisoned in the Stanley detention camp, during which he tried to maintain order in the camp, and after the defeat of Japan, he was awarded the Most Merit Order of the British Empire.

Born in China, after completing his studies in Canada and the United Kingdom, he decided to come to Hong Kong in 1954 and joined Jardine Matheson, where his father worked at the age of 20, starting from a humble beginning, becoming a member of the board of directors of Jardine Matheson in 1967 and then managing director of Jardine Matheson in 1970, as well as chairman of Jardine Matheson's Wharf.

In fact, in 1970, Nick Nephin had the opportunity to become the chairman of Jardine Matheson, but at the insistence of the Keswick family, Henry Keswick, then senior managing director, was Henry Keswick Keswick successfully ascended to the position with the support of shareholders in London, England.

Wait until three years later, Henry? Keswick stepped down, and Richard took over as Chairman and Senior Managing Director of Jardine Matheson, taking over the decision-making power of Jardine Matheson.

But the problem is, the Keswick family is prosperous and has survived Henry by time? Keswick, his brother Simon Keswick - Simon? Keswick followed, staring at the position of Taipan.

The Keswick family from Scotland is one of the founders of Jardine Matheson, William? The descendants of Jardine's cousins are the major shareholders of Jardine.

However, after more than 100 years of development, the shares of the Keswick family have long been diluted to the point where it is impossible to make a decision, and Niu Bijian has the qualifications of two generations of father and son who have worked hard for Jardine Matheson, and even became a prisoner of war, and the degree of recognition by shareholders can be imagined.

So, Simon? If Keswick wants to sit on the throne of Jardine Taipan, he can only seize power through the step-by-step corporate political struggle, and the most powerful means is to question the management ability of the company and attack the prestige of the opponent.

It is just sad that Nübijian has at least two handles - the decline of Jardine Matheson's traditional business and the failure of the Wharf competition, which have become indefensible shortcomings.

But in fact, Niu Bijian was blamed for this, and he was really a little aggrieved.

First of all, the external environment on which Jardine Matheson's business, which was originally based on entrepot trade and agents, is changing.

As early as 1962, the famous scholar Ma Su? McLuhan introduced the concept of a global village in his writings.

The trend of economic globalization is becoming more and more obvious, and with it, more and more manufacturers are directly approaching local buyers.

As an agent, the importance of Jardine Matheson has decreased, and it has naturally regressed in terms of revenue.

No matter who is in charge of this general trend, they can only pinch their noses and admit the reality.

Secondly, in the process of the battle for Wharf, Niu Bijian has exhausted himself and tried his best, and even sold the Golden Gate Building to Jianing Group at a price of nearly one billion yuan in order to raise funds, allowing it to take the opportunity to hype up the so-called strength.

In the face of the menacing arrival of Chinese capital, Jardine Matheson has only two choices, one is to save Wharf at all costs and maintain the face of the century-old Ocean Bank, or maximize the cash earned when selling Wharf and get the lining.

And in late June last year. Niu Bijian took advantage of the charter king to go to Europe. Initiate a decisive battle. Its plan is the best of both worlds in terms of the trade-off between face and lining.

In the original time and space, although Niu Bijian lost control of Wharf, he made a lot of money from the charter king, and he returned with a full load, which was worth the fare.

But in this time and space, because Tang Huan jumped out and intervened, Yihe didn't get any face, and he suffered a big loss.

This is clearly a non-war crime. Niu Bijian was wronged and went home.

Facing Simon? Keswick's forced palace, Niu Bijian naturally had to prove his ability with practical actions.

In his view, if Jardine Matheson wants to get out of the current predicament, it must transform its business in the same way that the charter king abandoned the ship and landed on the shore and switched from the shipping industry to the real estate industry.

New Bijian also chose the real estate industry, as well as public service industries such as Heung Kong Telephone and Heung Kong Electric Lights, and could use this to restore the image of Jardine Matheson as the boss of the past.

But the premise of this is that investors should have confidence in the future of Hong Kong, but the Keswick family of Jardine Matheson. It is precisely "phobia_combina" that it penetrates into the bone marrow. It became a stubborn disease, and after Gai provoked the Opium War, all the branches that had been operating in various parts of Chinese mainland for more than a hundred years were confiscated by the autumn wind.

So, Simon? The contradictions and disagreements between Keswick and Niu Bijian are becoming more and more apparent.

Under tremendous pressure, he was eager to prove himself, contrary to the conservative style of the past, and behaved extremely boldly and radically in investment.

Of course, there is nothing without ambition in this.

Tang Huan not only earned the difference in the decisive stage of the Wharf competition last year, but also got the favor of the charter king, which made Jardine's calculation come to naught.

When he transferred money to Tang Huan, it was not difficult for Niu Bijian, as a director of HSBC, to figure out the flow of funds.

Under the touch of the vine, he naturally knew who pit Jardine and made himself one more available for Ximen? The target of Keswick's wanton attack.

Now in the battle for the equity of Xiangjiang Telephone, Hongkong defeated Tang Huan, who was bound to win, not only avenged an arrow, but also restored the honor of Jardine Matheson, which was really counted in one fell swoop.

In order to consolidate its prestige, Nubijian hyped the success of this capital operation through the media, and financial newspapers such as "Wall Street Journal Asia", "Hong Kong Economic Journal", "Focus" and other financial newspapers participated in the discussion, and even Media Asia TV inevitably reported in detail about the failure of its boss.

Seeing that Niu Bijian was so unrelenting, Zhou Mi was depressed, but there was no way, who let the heroes in the mall only be judged by success.

And he can't afford to lose, and when he is interviewed by the media, he still has to congratulate his opponent against his will.

Fortunately, Tang Huan didn't care about the gains and losses this time, and Zhou Mi's guilt was finally alleviated, so he went on to talk about Niu Bijian's high-profile behavior in public.

In this regard, Tang Huan said indifferently: "Let them be blind for a while, and then there will be a chance to find a place back." Also, you should not pretend to be generous with a smile, but show annoyance and not waste the opportunity to start a pretext for war. ”

"Looks like I'm going to put on a show too." Zhou Mi smiled bitterly, "How long do you have to stay on the mainland?" ”

"The official business is almost handled, and the next thing is to be busy with personal matters, pay homage to my parents, go back to my hometown and so on." Tang Huan thought for a moment and replied.

"Don't forget, stop by to sweep my grave." Zhou Mi sighed.

"Remember." Tang Huan promised: "The call quality is not good, if there is nothing else, so let's do it first." When I'm done here, I'll go to Xiangjiang at my next stop. ”

After putting down the phone, Zhou Mi shook his head, still unable to completely relieve this failure.

You must know that Tang Huan has prepared a lot of technologies and products, and plans to use them on the platform of Xiangjiang Phone at his own pace, but now it has failed. It can only be said that an old British-funded commercial house like Jardine Matheson has a deep heritage and cannot be underestimated.

Zhou Mi was habitually self-examining his gains and losses, and the assistant knocked on the door to remind him, "Mr. Zhou, the charity auction held at Shangri Hotel is almost time." ”

"Let's go, then." Zhou Mi nodded, he represented Tang Huan in Xiangjiang, and he had to attend all kinds of activities, but because of the variety of names, sometimes he couldn't remember such schedules.

The Shangri-Hotel, owned by the Kwok family of Malaysia, is located in the eastern part of Tsim Sha Tsui, Kowloon, Hong Kong, on a piece of land reclaimed from the sea in the 1970s.

The Kwok family has been investing in real estate and hotels in Hong Kong since 1977 and bought the land.

Shangri-Hotel, which opened this year after its completion, has hosted many influential events and has rapidly increased its popularity in Xiangjiang.

The charity auction held at Shangri-Hong Kong Hotel will naturally add to its fame.

After Zhou Mi arrived, he found that Niu Bijian also came to cheer, he remembered Tang Huan's previous instructions, so he made a disdainful gesture to the other party with a stiff face.

Niu Bijian naturally also noticed this recent opponent, and saw Zhou Mi's unhappy look. Keswick, who was getting more and more anxious, was in a rare mood, smiled generously, and made a gesture that only the victor was qualified to put on.

At this time, there was a sharp-eyed reporter who quickly captured it in a panic after discovering this delicate scene.

Zhou Mi was unhappy, and sneered in his heart, Datang is now staring at Pacific Bell, a subsidiary of AT&T, and has no time to deal with you.

I'll clean you up when I'm free next year.

What I didn't do is just a trivial matter for Datang.

Zhou Mi was pondering when he suddenly heard someone shouting, "Mr. Zhou, come and sit here." ”

He followed the prestige and saw that it was Deng Lijun, so he walked over and sat down without seeing anything, and praised him sincerely, "Miss Deng is really getting more and more beautiful." ”

Thoughtful feelings, not face-saving, this is the case.

In order to avoid the tragedy of Deng Lijun's overwork in the mid-1980s, which caused kidney disease and dragged down her body, Tang Huan not only stubbornly resisted various propaganda and performance tasks assigned by the official of Baodao for Deng Lijun, but also limited her work intensity.

Anyway, after being allowed to come back from the United States by Treasure Island, Deng Lijun has miraculously made a comeback and regained her former popularity, so naturally there is no need to continue to work so hard and overdraft her health.

Therefore, Deng Lijun, who is now less than 30 years old, blooms healthily like a flower, especially in her bright eyes, and her eyes reveal a playful look from time to time, thus showing infinite vitality.

Such a radiant superstar style has naturally attracted countless admirers, including Guo Kongcheng, the young owner of this Shangri-Hong Hotel.

In this regard, Deng Lijun, who became famous at a young age, has long been surprised, although her mother is not guarding her, but she also knows how to deal with it, just refuse politely and clearly, and can't care about other people's thoughts, so she just needs to keep her duty.

However, Guo Kongcheng still persevered, and He Lili was on the side, so he sat next to him.

Deng Lijun felt a little awkward, and happened to see Zhou Mi, so she invited him to suppress the position. (To be continued......)

PS: Thank you friends for your support! Thanks!