Reborn Capital Tycoon
Chapter 183 Entering February
In a blink of an eye, it enters February, and the time is approaching the Spring Festival.
After bidding farewell to the stock market crash of the past year, the new year, 1974, the year that people hoped for, was not as lively as expected.
The so-called new year, new atmosphere, in traditional Chinese thinking, the new year represents new hope and a new beginning.
However, reality is often crueler than the truth.
With the arrival of the new year, from January to February, the Hong Kong stock market once again encountered a new round of Waterloo-like plunge, the Hang Seng Index fell by nearly half again, and the stock market fell into a wail.
The Hang Seng Index has fallen by 200 points in a row. Compared with the 70% drop from last year's peak, it has now directly broken through 80%. It is only more than 100 points away from the lowest point in history.
Historically, the Hang Seng Index fell from its peak of 1,700 points to 150 points, a drop of 90%.
The new round of decline in the stock market directly shattered everyone's last persistence and fantasy. The oil crisis in the Middle East last year caused developed countries such as the United States, West Germany, and island countries to fall into the most serious crisis after the war when they were caught off guard. economic recession.
The recession of the global economic market has inevitably affected the stock market. With the decline of major stock markets such as US stocks and Japanese stocks, the global stock market suffered a Waterloo-style plunge during the oil crisis.
The stocks of listed companies on the world's major stock exchanges plummeted, which in turn led to a new round of decline in the Xiangjiang stock market, which had already eased. Under the influence of the general environment, most investors completely lost confidence.
A new round of bankruptcies is raging, countless companies have closed down one after another, and countless people are desperate to go bankrupt in anticipation. The worst situation is those retail investors (middle class) who have a certain strength and persist in the stock market.
When the stock market was booming last year, many retail investors (middle class) directly quit their jobs and devoted themselves to the stock market. When the stock market was booming, everyone was making profits. These people can be said to be the most direct beneficiaries.
However, when the stock market suddenly plummeted and the market changed face, these people became the most direct victims.
When the stock market is going well, the biggest beneficiaries of the stock market are not retail investors, but big companies and big capitalists. Retail investors just follow behind to drink some soup and get some scraps.
However, once the stock market goes bad, the biggest victims among them are these underpinning retail investors, because most of these people are followers. When the market is good, they rush in, and when the market is bad, they hesitate to buy hand.
Regarding what happened to these people, Chen Yi had no intention of saving them. It was not that he was cold-blooded and ruthless, but mainly because he did not have that ability, let alone a merciful savior.
The stock market plummeted, allowing Chen Yi's bottom-hunting plan to proceed smoothly.
In just one month, Chen Yi purchased a large number of shops in prime locations and a small number of high-end residences through HSBC.
Xiangjiang, a metropolis, has a reputation as a shopping paradise in later generations, so shops in Xiangjiang have a greater room for appreciation compared to residential buildings, especially in some prime locations, such as Causeway Bay and Central.
About 10% of the world's luxury goods are sold in Hong Kong in later generations, and a large number of luxury stores have poured into the city of Xiangjiang, which in turn has driven up the value of shops in the prosperous business district.
Similar to the shops in the Causeway Bay area,
Decades later, they have changed suddenly, and almost all of them have become sky-high price shops with prices but no market.
Buying these shops at this time will bring him at least hundreds or even thousands of times in return in the future.
Therefore, Chen Yi spent a lot of money on shops, almost half of his funds were invested in them, especially in the bustling areas of Central and Causeway Bay, as long as there were shops for sale, Chen Yi would buy them without hesitation. .
And this also led to the phenomenon that in some commercial districts, the shops on the entire street were bought by Chen Yi. The environment and rent of these shops had not changed, and they were just the owners behind them.
Although spending money like water, in fact, Chen Yi's funds on hand have not decreased, because these shops are fixed assets, so after Chen Yi bought them, he re-mortgaged them to the bank.
With this in and out, the money invested before was recovered, and what he needed to bear was only a small part of the interest.
For Chen Yi's behavior, HSBC Bank was naturally happy to see the results, and opened the door to convenience. As much as Chen Yi invested, HSBC Bank would loan as much as it was.
Of course, this is only limited to the investment in shops. For example, in the stock market, HSBC does not accept this trick.
Now that the stock market environment is so bad, banks simply don’t accept those stocks as mortgages. After all, no one knows whether these mortgaged stocks will eventually become worthless due to a series of reasons such as the company’s bankruptcy the next day. Paper.
Fortunately, Chen Yi didn't care about these things. After purchasing a large number of shops and the stocks of listed companies that he was optimistic about before, Chen Yi shifted his focus to the three listed companies that he was planning to acquire.
Kowloon Bus, Heung Kong Telephone and HK Electric, most of the tradable shares of these three companies in the market have already been acquired by Chen Yi, and the remaining ones that need to be resolved are those large and small shareholders who hold a certain number of shares.
As for Golden Gate Construction and Wharf, Chen Yi plans to make the last move. These two companies are related to Jardine Matheson. Once he makes a move, HSBC will definitely stop supporting him.
In this way, it will affect his acquisition of Kowloon Bus, Heung Kong Telephone and HK Electric.
Chen Yi's idea is very simple, first take down the three companies with the help of HSBC, and then start with the other two companies.
In this way, no matter whether HSBC supports it or not, it will not affect the overall situation.
However, what troubled Chen Yi was that some people had snooped on his recent transactions with HSBC.
During this period of time, HSBC made big moves, aggressively acquiring shops, residences, and stocks of listed companies. A series of transactions amounted to billions of dollars. It was impossible not to be noticed.
And as the two parties got in touch with more and more people behind the scenes, Chen Yi gradually surfaced.
After all, Chen Yi still underestimated the eyeliners of those big families. Although HSBC Bank's confidentiality system is in place, it still cannot keep everyone in contact with it.
For a while, Chen Yi once again came into the sight of many people.
Of course, these are limited to a small number of people, and those people are just guesses, and there is no actual evidence. As long as Chen Yi and HSBC don't admit it for a day, then others can only listen.
Therefore, these effects are not very big.
————
Please remember the first domain name of this book: . Mobile version reading website:
You'll Also Like
-
Shock! Hot Searches For Morning Sickness of Wives After Divorce
Chapter 216 7 hours ago -
I became stronger in Pirate Fishing: Dragon Maid at the beginning
Chapter 67 10 hours ago -
Sailing: Start with Celestial Dragons and take down Hancock
Chapter 55 10 hours ago -
I! The future angel, saving the broken-armed Gohan at the beginning
Chapter 50 10 hours ago -
I am Detective Wu Nan
Chapter 187 10 hours ago -
Longing for life: I am a rich second generation
Chapter 177 10 hours ago -
I, a disciple of the God of Law, became the biggest villain at the beginning!
Chapter 112 10 hours ago -
Black Basketball: Start the game by signing in to the Eye of the Emperor
Chapter 65 10 hours ago -
Ninja World Collapse: Nohara Lin Meets Obito in the Hidden Rain Village
Chapter 76 10 hours ago -
Honghuang comparison: Nuwa, you are so lucky to have such a husband
Chapter 98 10 hours ago