Chapter 318: Black Monday

In the late 80s and early 90s of the 20th century, Hong Kong was at its most affluent, and with more spending power, everyone naturally turned their attention to various areas of leisure life. At this time, the martial arts dramas that were all the rage in the 80s have declined, and those rich family grievances and magnificent battles in the depths of Taiping Mountain are the new favorites of ordinary citizens who dream of becoming a member of a wealthy family.

It is in this context that family dramas came into being.

In his memory, Wei Jiahui wrote several classic family dramas, and Lin Youlun was curious for a while, so he asked what kind of story Wei Jiahui was writing about the script.

Wei Jiahui was pondering how to turn Lin Youlun's interest in the subject into support for himself, and Lin Youlun took the initiative to ask about it, which made him overjoyed, and he kept saying his whole idea in one breath.

The story in Wei Jiahui's mind is based on the Hong Kong stock exchange market from the 70s to the 80s of the 20th century, with the grievances and hatreds of the two families as the main line. The era of change described in this story is exactly the 20 years of turbulent changes in Hong Kong's financial industry, and Wang Jing and Du Qifeng feel the same as everyone who has come over, especially Wang Jing has speculated in stocks for a period of time, and he is more deeply touched by this.

Since the dust settled, the Hong Kong stock market and property market began to stabilize, especially in the annual restriction of the supply of no more than 50 hectares of land, so that the consortiums realized that land resources are rare to buy, and the most direct way to compete is naturally to acquire listed companies that hold land, and there is a malicious sniper acquisition war in the market, the most famous of which is Liu Luanxiong, who was known as the "actress sniper" in later generations.

Liu Luanxiong started by producing electric fans in his early years. He is known as "Fan Liu". After making a fortune, he moved to the financial market. Riding as a sniper in the Hong Kong stock market, it has risen rapidly since 1985. The acquisition of Nengda in the first battle, the acquisition of Chinese real estate in the second war, the sniping of China Gas in the third war, and the challenge of the Kadoorie Hotel in the fourth war, all of them succeeded.

Compared with. Lin Youlun has been much more low-key in recent years, although he has made a lot of gains from the stock market and property market in recent years, but many times he is hidden behind the scenes, and the most well-known move is to use the Plaza Accord to speculate on the yen in 1985.

During this time, the media often compared Liu Luanxiong and Lin Youlun, and Wei Jiahui even admitted frankly that when he thought of writing the script "The Great Era", he was inspired by Lin Youlun and Liu Luanxiong's fortune story at the beginning.

Thinking about the later "Jewels", which can put the lives of the real gambling king and Shuangli on the screen, not only makes Hong Kong people enjoy watching it, but even many rich people will stay in front of the TV and wait for the opportunity to judge. This story alludes to who and whom, and Lin Youlun suddenly understands Wei Jiahui's statement.

It sounds ridiculous. But it makes people have to believe it, otherwise there is no way to explain why this TV series, which should have started filming in 1991, would appear in advance.

"The Great Era" can be regarded as a classic representative of family dramas, and family dramas have a pivotal position in Hong Kong dramas.

Starting from "The Great Era", TVB began to adopt a centralized investment method, with a star lineup of big names and a family vision that spans an era, to create long-form large-scale dramas, ranging from 40 episodes to hundreds of episodes, with at least 6 famous characters, which are generally broadcast during the Taiwan celebration of the year, and will inevitably become the ratings champion of the year.

What's more, the TV series "The Great Era" has an impact on Hong Kong citizens that no family drama has ever had. Because of this TV series, there is also a financial term called "Ding Crab Effect", Zheng Shaoqiu, who played Ding Crab in this TV series, as long as any TV series starring him is broadcast on TVB, the Hong Kong stock market will definitely plummet.

This incident made Zheng Shaoqiu not be reused by TVB throughout the 90s, and he could only go to Taiwan to seek another development.

"The Great Era" appeared 4 years in advance, and there will be the so-called "Ding Crab Effect" Lin Youlun is not clear, but this incident has reminded him that in the coming October, there will be a violent turmoil in the global stock market, and Hong Kong is the hardest hit area.

Wang Jing and Du Qifeng were discussing the plot of "The Great Era" with Wei Jiahui, and just when the three of them were happily discussing, Lin Youlun's face suddenly changed.

Wang Jing sat opposite Lin Youlun, the first to notice Lin Youlun's abnormality, he stopped the conversation between Du Qifeng and Wei Jiahui with his eyes, and was about to ask Lin Youlun what was going on, but Lin Youlun rushed in front of him and asked: "How much money do you have in the stock market at present?" ”

"Millions, what's wrong?" Wang Jing's eyes flickered, obviously not telling the truth.

Du Qifeng and Wei Jiahui sat on the side, and of course Wang Jing would not honestly reveal his family background.

"No matter how the market rises, it must all be thrown away in early October!" Lin Youlun said very seriously.

Wang Jing sat there stunned, if this didn't come out of Lin Youlun's mouth, he would definitely treat it as a joke. Hong Kong stocks began to enter a bull market in 84, breaking the 2000 point mark for the first time in September 86, and breaking 3000 points on June 6, 87, many people predict that Hong Kong stocks are expected to break through 4000 points in October this year, others are busy throwing money into it, but Lin Youlun asked him to withdraw his funds, Wang Jing's heart is naturally full of doubts.

Wang Jing was relatively calm this time, and did not ask Lin Youlun the reason in person, but on the way back, he finally couldn't help but ask Lin Youlun why he wanted to do this.

"Wei Jiahui's story just now just reminded me that a few questions that I hadn't figured out before have vague answers at this time, and in the next month or two, there will definitely be problems in the stock market!"

Lin Youlun did not explain the reason to Wang Jing in detail, but the next day's "Ming Pao" economic page, an economic commentary signed by him appeared, and the title was "Beware of the Recurrence of the 1973 Stock Market Crash".

On the surface, the article analyzes the causes of the 1973 stock market crash, but in fact it is a metaphor for the present, alluding to the multiple crises that are currently lurking in the Hong Kong stock market. It is a pity that the strong attraction of money has caused many investors to forget the fairyland of the stock market and believe that "the prospects are very good, and the stock market will rise and grow." They even directly criticized Lin Youlun in the newspaper for "worrying about the sky for nothing" and "preventing people from making a fortune."

Ordinary citizens are confused by the current crazy performance of the Hong Kong stock market, and Lin Youlun's warning has not played much role, but in the eyes of some sober professionals, Lin Youlun's article has made them vaguely feel that the crisis is approaching.

After more than a week, Lin Xingzhi, the boss of "Hong Kong Economic Daily", still has the clippings of the financial edition of "Ming Pao" in his hand, and what can make him pay so much attention is of course Lin Youlun's economic commentary.

"He guessed the Plaza Agreement last time, will the Hong Kong stock market really collapse like he said this time?" When his wife Luo Youmei discussed this issue with Lin Xingzhi, she was also very worried.

Leaving aside Lin Youlun's analysis, there is at least one point in this article that Lin Xingzhi very much agrees with, and the current performance of Hong Kong's stock market and investors is almost a repeat of 1973.

The stock market crash in 1973 is still fresh in Lin Xingzhi's memory, not only because Hong Kong investors suffered heavy losses that year, and countless shareholders went bankrupt and jumped off buildings, but also because he broke away from "Ming Pao" to found "Hong Kong Economic Daily", which is also directly related to this stock market crash.

At that time, Lin Xingzhi was the deputy editor-in-chief of the "Ming Pao Evening News", in charge of the economic edition, in 1973 when the stock market crashed, the sales of the "Ming Pao Evening News" dropped sharply, Jin Yong decided to reduce the content of the financial edition, and added Ma Jing and other supplements, which led to Lin Xingzhi's dissatisfaction, so he had the idea of resigning and independently founding a professional financial newspaper.

In his article, Lin boldly predicted that the new Fed Chairman Alan Greenspan would inevitably choose to raise interest rates, which would most likely trigger a decline in U.S. stocks, which in turn would affect global stock markets.

This is a crisis from the external economic environment, and Lin Xingzhi is more worried about the hidden dangers within the Hong Kong stock market: "Last year, the Hong Kong Stock Exchange was established, replacing the original four exchanges for operation, overseas funds, brokerages, and investment banks entered a large number, and the exchange is still dominated by the Chinese headed by Li Fuzhao. ”

"Li Ka-shing's Cheung Kong Asset Group only threw out the largest fund-raising plan in history last week, and its four companies raised a total of 10.3 billion yuan, which is very good news for the market, and if there is really the kind of risk you said, Hong Kong's chaebols should have been vigilant a long time ago." Luo Youmei gave an example to try to dispel her husband's concerns.

Lin Xingzhi shook his head, "Changjiang Industrial's rights issue plan has a force majeure clause, and the irrevocable rights issue plan is irrevocable, if the stock market really collapses in the near future as Lin Youlun said, Li Jiacheng's move is only afraid that he will enter the market to grab the income, otherwise he can wait for the stock market to break through 4,000 points before carrying out this fundraising plan." ”

After this conversation between Lin Xingzhi and his wife, the Hong Kong stock market continued to soar, and it rose to a peak of 3,950 points on October 1, which once made Lin Xingzhi doubt his judgment.

The market continued to rise, which further boosted the confidence of investors, and everyone believed that it was only a matter of time before Hong Kong stocks broke 4,000 points, and some people began to ridicule Lin Youlun in the newspaper as "alarmist", and even turned out the economic commentary published by Lin Youlun a month ago.

Unfortunately, this group of people did not wait for the news of the stock market rally, but received a notice from the Federal Reserve to raise interest rates.

On the day the Fed announced the interest rate hike, the Dow Jones index fell sharply by 91.55, dragging the global stock market down, and the next day Hong Kong stocks and futures index were hit by the overnight U.S. stock market crash, the Hang Seng Index fell sharply by 420.81 points, down 11.1%, and the Stock Exchange announced a four-day suspension of trading the next day.

It wasn't until this moment that many people realized that the stock market crash had really broken out! (To be continued.) )