Chapter 1222: Stock Market Crash (I)
Hutchison Group has been operating on Hong Kong Island for many years, and has expanded rapidly with a devastating attitude, covering almost all aspects of Hong Kong Island's people's lives, and even many business areas have begun to spread to the whole world, forming a huge scale.
The expansion of the business and the rapid development of the company have not only brought the rapidly rising wealth of the Li family, but also the trust of the people on Hong Kong Island in Hutchison Group. And this trust, in the simplest way, is to hold a large number of shares of Hutchison Group.
Li Jiacheng's efforts over the years, the expansion of the Li family, as long as the shareholders who hold the shares of the Hutchison Group over the years, have received valuable dividends, and it is precisely for this reason that many people choose to regard the shares of the Hutchison Group as a coffin, as a wedding bride price, or as a pension fund, and there are very few people who usually sell stocks in the market.
But no matter who it was, they didn't expect that in this day, the Li family would have such a big change. The Li family is rich and unkind, and bullies others, which makes the entire group fall into a crisis of trust; Moreover, Li Jiacheng was issued a critical illness notice by the hospital, and his life and death are uncertain.
For Hutchison Group, these two pieces of news are tantamount to a catastrophe; For these stockholders, it is also similar to the death knell. They can't imagine how difficult their lives will be if the shares of the Hutchison Group fall......
Although there is still an hour before the opening of the Hong Kong Stock Exchange, the hall is already full of people, and there are still a large number of people converging here. Everyone looked at the large LCD screen of the Hong Kong Stock Exchange in panic and inexplicably, anxiously waiting for the arrival of the market opening time, they did not know whether Hutchison Group would choose to suspend stock trading or continue to open the market.
But what they know better is that even if the Hutchison Group temporarily stops stock trading, it can only survive for a while, not for a lifetime. As long as the crisis of confidence and Li Jiacheng's critical illness are not resolved, as long as the market opens, the shares of Hutchison Group will fall to the bottom.
Time ticked by, and an hour was almost unprecedented for these shareholders who couldn't control the tension in their hearts. But the time to open the market has finally arrived. What made them feel a little relieved was that Hutchison did not suspend trading in its shares, but chose to continue to allow trading in the company's shares on the Hong Kong Stock Exchange.
This move surprised those shareholders in the Hong Kong Stock Exchange. They don't understand whether the Hutchison group has great confidence in themselves; I still plan to gamble on the patience of those who bought the shares of the Hutchison Group.
But this doubt did not last long, and they were shocked by the trend on the display screen of the Hong Kong Stock Exchange to the point that they could not speak.
Plummeting all the way, the green line fell like a waterfall that rushed down 3,000 feet.
In the past, the stock price of Hutchison Group was more than 100 Hong Kong dollars, but today it has just begun, and it has plummeted to a low of 70 Hong Kong dollars, and looking at the current situation, I am afraid that it will not be long before it will completely fall into the fall limit.
Not only that, with the decline of Hutchison Group's shares, even the stocks of some other companies on Hong Kong Island have begun to turn green, although the decline is not as terrifying as that of Hutchison Group, but every time it falls, it is like a blunt knife, stabbing in the hearts of those shareholders on the Hong Kong Stock Exchange, almost taking away their flesh and blood.
Stock market crash! Could it be that Hong Kong Island is about to usher in a new stock market crash? Looking at the market where Wanlu is not a little red as far as the eye can see, these shareholders in the Hong Kong Stock Exchange have a sense of crisis in their hearts for no reason. Those elderly shareholders can't help but think of the past stock market crashes on Hong Kong Island, and it seems that at this moment, they have returned to that chaotic time......
Since the opening of the Hong Kong Stock Exchange, Hong Kong Island has experienced many stock market crashes. The earliest was in late 1972 and early 1973, when the Hong Kong Stock Exchange was just established. Due to the insufficient monitoring of the company's listing by the Hong Kong Stock Exchange at that time, a large number of companies opened the market for backdoor listing, fishing in troubled waters. One of the most well-known is a company that installs TV antennas for Hong Kong Island residents.
In this case, countless people joked at that time that even antenna companies could be listed, and cats and dogs might be able to squeeze into the section of listed companies. After entering 1973, the Hong Kong Stock Exchange market was still crazy, and the market trend soared directly to more than 1,700 points, doubling in three months.
At that time, in order to cool the market, the Hong Kong government even sent firefighters to prevent investors from entering the Hong Kong Stock Exchange in the name of fire prevention regulations, which was the joke of 'firefighters going to the Hong Kong Stock Exchange to fight fires' that was widely circulated at that time.
However, the Hong Kong government's policy regulation and control, without the intervention of real money, cannot have any impact on the direction of the market at all. Under the frenzied propaganda of those bears, there are countless typical legends in the market, such as 'Hong Kong government officials resigned and entered the market full-time', 'shark fin rice', 'abalone porridge', 'US dollar bills lit cigarettes', and so on.
But after all, the stock market is just a simple numbers game, when all kinds of rumors spread, people on Hong Kong Island have entered the market, coupled with some regulation by the Hong Kong government, most of the shell company shares have been frozen, so that this madness finally came to an end.
But even so, due to the lack of knowledge of stock trading among Hong Kong Island residents at that time, in this madness, they eventually became the playthings of those financial predators. When the Hong Kong Stock Exchange came to a crazy end, the stocks held by countless people were reduced to waste paper, and the hard-earned money they had worked hard for many years was completely in vain. For a time, tragedies continued, and countless families died.
The largest stock market crash on the Hong Kong Stock Exchange was in 1997 when Hong Kong Island returned to China. At that time, the return of Hong Kong Island was regarded by many international speculators as an excellent opportunity for huge profits. Several large funds around the world have begun to secretly buy Hong Kong Island stocks.
Since 96, the Hong Kong Island Hang Seng Index has continued to rise, breaking new highs again and again. At that time, the high-level Chinese government gave an extremely severe warning to this phenomenon, telling the Hong Kong government at that time: The government will not support the city, and it cannot support the city!
However, the worries of the top management of China have not reduced the enthusiasm of the people on Hong Kong Island for stock trading, especially under the speculation of major international financial funds, the stock price of Hong Kong Island has risen to the sky, and under this temptation, there are few delistings.
In the first half of '97, the Hang Seng Index reached its highest point, hitting an all-time high of 16,000 points. But as the return is approaching, Soros, the largest financial oligarchy, has joined forces with several fund companies to begin to ship at a high level step by step.
June 28th! This is a day that Hong Kong Island investors can never forget in their lives, before that, the Hang Seng Index has been suppressed to less than 10,000 points under the command of Soros and others, and the stock market at this time is also in mourning. In the early morning of the 28th, when the Hong Kong Stock Exchange opened, Soros and other financial oligarchs began to release stocks frantically, pressuring the Hang Seng Index to continue to fall.
In just a few hours, the Hang Seng Index was pressed to more than 4,000 points. At that time, the Hong Kong Stock Exchange was in a panic, countless people fell into the panic of a crash, and countless shareholders who cut their meat and fled the market began to help Soros lower the index.
This sudden stock market crash could not help but hit the stock market on Hong Kong Island hard, and it also had a great impact on the livelihood of Hong Kong Island. Since before the handover, countless people were optimistic about the property market on Hong Kong Island, and housing prices skyrocketed several times in just a few months.
With the impact of the stock market crash, many people involved in the property market at that time, under the blow of the stock crash, their net worth was wiped out, and they could not afford the interest of bank loans at all, and began to sell their houses one after another. With the large-scale sale of real estate, housing prices have also begun to dive, which has dealt a huge blow to the economy and people's livelihood on Hong Kong Island.
Just when countless shareholders who didn't have time to cut their flesh thought that they were going to fall into a crisis that they couldn't get out of, all their net worth would fall into disaster, and even those who were disheartened were ready to commit suicide by jumping off the building. Huaxia's top management finally changed its patient posture, brazenly took out foreign exchange reserves, and began to rescue the market, and finally succeeded after more than ten consecutive trading days of intervention.
Although the international speculators suffered heavy losses, and the Hong Kong government was very successful in entering the market after the return to the motherland, those scattered people in the stock market suffered heavy losses, and many people lost all their net worth. The stocks that I bought at a high price in my hand are not far from here, although they have not reached the point of waste paper. Because of this matter, many shareholders have even delisted and will not enter the Hong Kong Stock Exchange for half a step.
After so many years of return, after the regulation and control of China's high-level management, and the situation on Hong Kong Island has become clearer, the stock market has gradually calmed down. Those shareholders who were on the sidelines at the beginning re-entered the stock market, but with lingering palpitations, they still chose to hold relatively stable shares as a coffin book, and Hutchison Group was the first choice. But who would have thought that such a big change would happen now.
Looking at the crowd in the hall of the Hong Kong Stock Exchange, as well as the shouts of countless people waving the documents in their hands, wanting to cut the flesh crazily, and the green lines all over the screen, Sun Run's face was extremely cold, and the corners of his mouth were even more upturned with a cold sneer.
After getting the news from Nangong Zheng in the morning, he began to let the people of the Sun family scatter and sell the shares of the Hutchison Group that they had purchased over the years, and when the transaction was over, he sent Ma Tsai to release negative news about the Li family in the Hong Kong Stock Exchange.
The crazy situation in front of him was exactly what he longed to see in his heart. The worse the Li family's stock is dragged down, the more he can pocket the Hutchison Group at the lowest value. And once he has the powerful help of Hutchison Group, the black money he has collected over the years can be washed in a clear and honest manner, and from then on, he will be complacent.
deletion