Video Game Empire

The first wave of international hot money's attack on the Hong Kong financial market came to an end with the huge loss of HK$20 billion in the Hang Seng Index futures in August. In addition to being hit head-on in the Hong Kong stock market, international hot money also failed to take any advantage in the Hong Kong dollar exchange rate market. The Hong Kong government has used tens of billions of US dollars in foreign exchange reserves to keep the exchange rate of the Hong Kong dollar against the US dollar at around 7.8.

After experiencing the toughness of the Hong Kong government, many follow-up funds quickly moved their targets elsewhere. After all, the purpose of hot money is to arbitrage quickly, rather than mindlessly fighting to the death. Once you find that something can't be done, stop your losses immediately!

Therefore, since August, although the hunt for Hong Kong by international hot money has continued, the momentum and scale are much lower than before. The Hong Kong government continued to fight steadily, and after a tug-of-war with them for nearly a year, the financial turmoil that engulfed most of Asia was completely overcome.

At the beginning of 1997, the Hang Seng Index was still at a high of 15,000 points, and then quickly fell to only 12,000 points in the following two months. As the international hot money completed its harvest in Southeast Asia and shifted its target to Hong Kong, the Hang Seng Index continued to be suppressed all the way, and almost fell below the 10,000-point mark. Subsequently, the Hong Kong government began to enter the market to support the market, and the Hang Seng Index finally stopped falling and rebounded, and finally recovered to 12,000 points with difficulty at the end of the year.

That is to say, after a round of financial turmoil, the Hong Kong stock market actually fell by 20%, almost squeezing out the part of the bubble that had accumulated because of the 1997 return to speculation. Therefore, although the crisis has damaged the confidence of many investors, it has also brought the Hong Kong stock market, which was about to get out of control, back to routine.

The property market in Hong Kong is similar. At the end of 1997, the average house price in Hong Kong dropped by 25% compared with that at the beginning of the year, almost back to the price in 1995 when the skyrocketing price started. However, the crisis of the Hong Kong property market is actually more difficult than the stock market!

Because although the Hong Kong stock market has experienced a sharp rise and fall, the real operating performance of listed companies is actually not as volatile as the stock price. In particular, the Hong Kong electronics industry with the Oriental Group as the core, its core export markets - the United States and Europe, were not greatly affected by the Asian financial crisis, so the overall revenue performance did not decline significantly.

The Hong Kong property market is different. With the official opening of the New Territories Development in 1994, the long-term shortage of Hong Kong's real estate industry has begun to undergo major changes. This was originally intended to curb the rapid growth of property prices, but in the event of a sudden financial crisis, it may have a superimposed effect, causing the entire property market to collapse completely.

Because with the plummeting housing prices in Hong Kong, a large number of just-needed home buyers began to wait and see, while a large number of investment home buyers began to stop their losses. This has greatly reduced market demand, and at the same time, new properties are constantly being listed, so the original situation of short supply has suddenly turned into oversupply.

Therefore, the core issue of the Hong Kong property market is actually an issue of investment confidence. After all, most people can't accept it. The house they bought back after spending millions of yuan keeps shrinking every day!

And the person who can bring the most confidence to investors in Hong Kong is the famous "God of Wealth Li"! So on New Year's Day in 1998, Li Xuan issued an announcement that he would invest 100 billion Hong Kong dollars to set up a special Hong Kong residential investment company to underpin the Hong Kong property market.

Of course, the figure of 100 billion is just a publicity stunt. In fact, the investment in the first phase is 30 billion Hong Kong dollars. That amount is roughly the sum of all the residential units he had emptied before and the money he had harvested in Southeast Asia during the financial crisis.

Taking advantage of the crazy skyrocketing housing prices in the New Territories, Li Xuan emptied the late 1980s, successively acquiring various real estate projects in the New Territories from real estate developers, and accumulated a large number of residential units, with a total harvest of 22 billion Hong Kong dollars. profit. Although these funds are legitimate profits, in the context of the plummeting property market in Hong Kong and the heavy losses of investors in Hong Kong, they are easily condemned by morality, giving a bad impression that he, the richest man, is sucking blood from all Hong Kong citizens.

There is no need for him to be stained with this moral stain, so he simply took it from the people, used it for the people, and reinvested this part of the funds into the Hong Kong property market.

So starting from New Year's Day in 1998, Li Xuan, a newly established Hong Kong residential investment company, began to acquire second-hand houses on a large scale in various regions of Hong Kong. In just three months, Li Xuan acquired 6,000 residential units with a total construction area of ​​more than 4 million square feet and consumed 20 billion Hong Kong dollars! This crazy house sweeping action immediately caused a sensation in Hong Kong, and the average house price in Hong Kong finally stopped the downward trend.

Of course, Li Xuan couldn't keep buying real estate without restrictions, so he would really become a big bad guy. Investment companies will gradually reduce their buying operations when the average property price rises by more than 5%. When the property price rises by more than 10%, the investment company will change from buying to selling, which in turn restrains the rapid rise in property prices.

The real purpose of Li Xuan's establishment of this Hong Kong residential investment company is to rely on his strong financial strength to control the rise and fall of the Hong Kong property market. His practice of manipulating the market will certainly be condemned by public opinion and investigated by the government under normal circumstances.

But now that the Hong Kong property market has experienced a slump, the whole of Hong Kong is looking forward to a hero who can turn the tide and lead everyone out of the predicament. He is now entering the market with a large amount of funds to sweep the goods and use his own power to boost the property market. Not only will he not be questioned, but he will be highly praised.

And when the number of residential units in his hands is large enough to move the entire market, it will naturally be a matter of course to affect the entire ups and downs.

In fact, Li Xuan's unparalleled prestige in Hong Kong, and the real money of up to 20 billion Hong Kong dollars, the effect of the superposition of the two is still very significant. The originally icy Hong Kong property market, after the emergence of the white knight of Hong Kong Residential Investment Company~www.wuxiaspot.com~, was finally driven up again, and the transaction volume began to pick up.

And Li Xuan also worked hard and continued to pour the remaining 10 billion Hong Kong dollars into the property market. However, compared with the previous Hong Kong Pratt & Whitney, the 10 billion funds were mainly invested in the core areas of the "New Territories Development Plan" - the western and northern parts of the New Territories.

You must know that with the mushrooming of new properties in the past two years, the supply of housing in the New Territories New Town is the most abundant, so naturally it has become one of the areas with the deepest declines in Hong Kong in this round of housing price slump.

Due to the tragic fall, the entire Hong Kong public opinion has begun to question whether the "New Territories Development Plan" is reasonable, which has put the newly established SAR government under enormous pressure.

But with Li Xuan's targeted investment of up to 10 billion yuan, the property market in the New Territories also quickly began to pick up. When the Hong Kong Residential Investment Company announced the suspension of large-scale house purchases, the property market in the New Territories had risen by an average of 11%, leading all regions in Hong Kong!

Dear, click in and give a good review. The higher the score, the faster the update. It is said that those who give full marks to the new ones have finally found a beautiful wife!

The new version of the mobile station upgrades the address: , data and bookmarks are synchronized with the computer station, no ads and fresh reading!