Chapter 101: Prospects for the Future
September 5, 1998.
Evening hours.
Infinity Computer Co., Ltd. announced that it will issue an additional HK$50 billion to supplement the company's cash flow and improve its financial position.
As soon as the news came out, there were wanton cheers in many residential buildings across Hong Kong.
In recent trading days, the stock prices of more than 500 listed companies in Hong Kong have rebounded sharply, while the shares of Infinity are still suspended.
The retail investors who are locked up inside will be upset when they wait.
The only stagflated stock in the market, how much can it rise when trading resumes?
Countless shareholders posted on the Internet and made all kinds of speculations.
Because of its association with the parent company Infinity Private Equity, "00099" has become the most popular stock in Hong Kong.
Many institutions even placed orders in the evening to put themselves in a higher priority position and buy the stock in advance.
The next day, Infinity resumed trading.
The call auction stage soared by 60%, and the stock price was pushed up to 80 yuan per share.
At 9:30, the stock market began to officially trade.
In less than ten minutes, the stock price of Infinity broke through the high price of 100 yuan!
This is due to the fact that most of the stocks in the secondary market of their companies are caught by Wall Street conglomerates, resulting in not many stocks circulating in the market, and the stock price is easily pushed up.
In the last minute before the afternoon close, Infinity's share price soared to HK$126.
In 1998, it became the most expensive stock in the Hong Kong stock market!
Affected by this, the Hang Seng Index rose sharply, once touching the highest point before the Asian financial crisis in August last year, 16820.
The outstanding performance of Hong Kong's financial market has strengthened its position as Asia's financial centre.
Many investors in Southeast Asian countries have to see whether Hong Kong stocks have risen or fallen every day before they can decide on a full-day trading plan.
Yellow River Group Center Building.
Chen Weidong and Chen Jie are here again.
"Mr. Lin, 50 billion has already been transferred to your company's account." Chen Weidong leaned on Lin Jiacheng's desk and said with a smile.
Lin Jiacheng smiled and quipped: "It's a pity that I couldn't get 10% of your company's equity." ”
"Mr. Lin, you are too polite, this time we are here to thank you, fortunately you announced your entry into the market at a critical moment, otherwise we may have gone bankrupt now."
Chen Jie stood up, shook hands with him excitedly, and took out his camera to take a photo with him by the way, taking more than a dozen photos.
In the past, he often bragged to the people in the village, saying that he talked and laughed with Lin Jiacheng in Xiangjiang, but now it has finally come true, there is a picture and the truth!
I'll post it on the Internet later, so that those street boys can see it.
"Hehe, as a member of Xiangjiang, this is as it should be, I heard that you are ready to return to the mainland to develop?" Lin Jiacheng helped his glasses and asked with great interest.
"I'm definitely going back this month, we've been out for several years, not to mention, the potential of the mainland is still very large, it's worth investing."
Speaking of this, Chen Jie was also a little excited, he was finally going home, he still went back like this, the peak of his life, but that's it!
"In recent years, the mainland has indeed developed very rapidly, and we at the Yellow River Group are also preparing to make key investments in the mainland." Lin Jiacheng smiled and nodded, expressing his approval of his words.
"Mr. Lin, you're not going to hoard land again, and then cover the land and wait for the appreciation, right?"
When Chen Weidong heard that he was going to invest, he immediately remembered a series of their operations in later generations.
Lin Jiacheng has hoarded a large amount of land in many first-tier cities in the mainland, and he does not develop this land after he buys it, but keeps it in his hands.
The longest piece of land is the Huangpu Yuhu Mansion in Guangdong, even if more than 20 years have passed, the project is still in the hands of Lin Jiacheng.
Because he knows that the land in this area still has room for appreciation, he will not sell it and still hold it firmly.
His method of making money, to put it bluntly, is to use his financial advantage and hoard land and wait for appreciation.
Over the years, he has made a lot of money in the mainland with this method.
But in Chen Weidong's view, Lin Jiacheng is a pure capitalist.
His investment in the mainland has brought very little help to the local economy, which is not as good as a Foxconn factory, at least people can drive the local economy and increase the employment rate, which is a virtuous economic cycle, rather than being a pure speculator.
"Young people, the essence of business is to find the demand and then make the difference."
"We know that the population of this world will become more and more, so land is always the ultimate and most fundamental necessity of people, so whoever uses the land best is the one who wins the world."
Lin Jiacheng stood in front of the floor-to-ceiling window, looking at Victoria Harbour in the distance, and said such a serious word.
He knew that Chen Weidong, a young man, seemed to be a little resistant to the real estate industry, but he still couldn't help but tell him that if you do real estate, you will have a better path in the future.
The financial market is a virtual casino, which can make you rich in a very short period of time, or it can make you lose all at once and fall to the bottom.
Many people invest in the financial market to make money without work, but few people really think about why you can easily get it with two clicks of the keyboard after others work hard for a year, two years, or half a lifetime to earn money.
When the whole market is making quick money, it is against the laws of finance and is balanced with the real economy, so it will not take long for your previous profits to be taken back.
A lot of times when you make money, it's just luck, and gambling has a 50% chance of winning.
Only investment entities are the best choice to keep existing assets, and real estate is the fastest value-added, least risky, and most secure industry.
Chen Weidong didn't expect Lin Jiacheng to warn him like this, how could he not know the financial market, it was just a "legal casino".
In later generations, the person who raised his value through the financial market, increased his worth, and became the richest man in China could not be counted on two hands, but only Lin Jiacheng had the last laugh.
It's definitely not luck.
"Mr. Lin, I've been taught." Chen Weidong said solemnly.
He actually wanted to say that my goal was not to make money, and real estate could not revitalize China.
Finance and entities have always been inseparable, no matter how prosperous your financial market is, you don't have enough power to protect it in reality, it's just a big piece of fat that can be taken away at any time.
Only when the real entity is strong can it be truly strong.
Semiconductors, microelectronics, high-end equipment.... and so on, we still have a lot to do.
These words are too far away and false.
So much so that Chen Weidong simply doesn't have the courage to say it now, because he hasn't done anything now.
How powerful is the power of money, capital?
Throwing money at it, can you make a chip?
Throwing money at it, can we develop precision instruments?
Can throwing money drive the transformation of low-end manufacturing?
I can't get it, I'm going to steal, I'm going to rob it, I'm going to buy it back for ten times the price, and then I'm going to do research, okay?
I really want to try it.
Single-handedly changing the world economic pattern is simply a fool's dream.
Breaking the blockade between Europe and the United States is easy to shout, but it is a mountain that is difficult to cross, and it will take several generations of efforts to achieve it.
Will this world change a billion times because of the arrival of this butterfly?