naruto-story Chapter 306
Chapter 306
On the morning of the 20th, North American time, Peter, the president of Pacific Rim Group, expressed his views in an interview with the Wall Street Journal yesterday.
Peter: "I am firmly optimistic about the North American economy. This is the center of the world. We will raise funds and buy stocks."
He boasted all the way in the newspaper and said some lofty words, focusing on the word "raising funds." Some sensible people felt that what he said was right. This was a man who understood North American economics and politics.
On that day, America's Ministry of Finance and the Federal Reserve would release liquidity to allow the market to have more funds, showing its determination to rescue the market. However, it still fell by more than 7% that day. Although the decline narrowed, it still could not reverse the decline.
"Let's also prepare. The Swiss EFG Bank has agreed to provide funds. This time, we will mainly buy the stocks of Wal-Mart, Apple, Microsoft, Dibaobao, Hathaway, as well as the stocks of oil, medical and food companies. "
The tone of European and American stock markets has been completed, and operations have begun. Europe mainly buys a large amount of automobile industry, luxury goods companies, high-tech companies, food, pharmaceutical companies, etc., taking this opportunity to increase positions in large quantities.
The decline in the Tokyo stock market was relatively small. Instead of selling one share, the Tokyo stock market took the opportunity to buy a large number of stocks. A large number of those sold stocks were taken over.
Li Jiapo's Nikkei futures index is firmly bullish. At the low level, a large number of short contracts have been accepted. This time, Li Bu's ten accounts have completed the opening of positions, and their positions have reached [-]%.
After the Hong Kong Stock Exchange opened for trading after a four-day break, the stock markets of other countries were stable, which did not benefit the Hong Kong stock market. On the contrary, the stock price collapsed due to the four-day break. It still plummeted. All the leeks in Hong Kong responded to the four-day break. Very dissatisfied, they began to march on the streets, which violated the free spirit of market economy. The four-day closure of Hong Kong was also widely reported by many newspapers around the world. It had a great impact on the world. They all accused Chairman Li and put great pressure on the Hong Kong government. big.
The Xiangjiang government was under pressure, and the Xiangjiang Court prosecuted him. Li Bu had a good relationship with Chairman Li, and through his mediation, he was sentenced to two years, suspended for two years due to his age, and restricted from traveling.
At the same time, Li Bu began to buy stocks without restrictions. These stocks, regardless of industry and performance, began to be bought from below.
However, the stock market still did not improve. The Xiangjiang government called them together and held a meeting. Li Bu sat quietly on the side, not as close to the front as Yuan Daban and Huo Daban.
On the rostrum, some preferential conditions were mentioned, mainly that the 35% limit was relaxed, and if the amount exceeded 50%, there would be no need to initiate a comprehensive acquisition, etc.
Just listen to Li Bu. He plans to enter the market later, probably in early November. Now he is so poor that he only has money left. He doesn’t know where to put the money. Starting from the end of this year, he will continue to buy 1996 Year.
After returning from the meeting, Li Bu went to Hengfa Securities. After talking about the matter, he went home. He was a family man.
After this meeting, the Hong Kong government announced that it would have to announce a series of rescue measures in the next few days to deal with the declining stock market. The bank also lowered interest rates again to 6.5%, hoping to stimulate the stock market.
The Xiangjiang government's rescue measures were inspired to a certain extent by the United States' response to the stock market crisis.After the United States allowed listed companies to repurchase shares, the Dow Jones Index immediately stabilized and rebounded. The Hong Kong government also wanted to follow suit and exempted Hong Kong listed companies from the restriction on repurchasing their own shares.
However, these measures still failed to stop the downward trend of the stock market. The Xiangjiang stock market is not mature and the economic environment is different. The recovery period of the Xiangjiang stock market will be longer.
The impact of this stock market crash on the real estate industry was limited. The entire market only fell by 20% to 30%. However, Li Bu’s property companies, real estate companies, and real estate companies did not enter the buy-buy-buy mode. Only Jiamei Real Estate was in the buy-buy-buy mode. , other companies didn’t want to buy it, but Li Bu stopped them. Why?With so many companies buying, it will create a prosperous market.
Jiamei Real Estate now has five streets, complete ones. The undeveloped land alone reaches 2000 million square feet. This does not include the "B Land Exchange Letter" in the New Territories, and the commercial rental properties also reach 3000 million square feet. , and countless other properties.
Tin Shui Wai Estate is jointly developed by Wharf, Cheung Kong and Hua Yun. It is expected to make more than HK$30 billion in profit. After completion, Wharf will get one-third of the property. Because it is rich, it does not care about making profits immediately.
At the end of October, mainland funds entered the market, and the title of the last report in "Finance Today" was quite arousing - "The Savior of Hong Kong".The article reported: "The mainland has decided to support the Hong Kong government's decision to rescue the futures exchange. Bank of China has agreed to join the rescue plan of HSBC and Standard Chartered Bank, adding an additional HK$3.3 billion in rescue funds on top of the [-] million rescue fund." It is reported that , Xu Jiatun, the president of Xinhua News Agency’s Xiangjiang Branch, participated in the discussion of the critical situation in Hong Kong. Xiangjiang expressed its gratitude to Xu, and especially thanked Bank of China for its rescue of the Hong Kong stock market.
This is not only a rescue for the market, but also a self-help. Before the stock market crash in 1987, mainland funds also entered the Hong Kong market in large quantities, reaching 80 billion Hong Kong dollars. Li Bu had in-depth cooperation with these funds.
But even so, the Hong Kong stock market did not stabilize at the end of October 1987, but continued to fall.During this period, overseas funds sold stocks to cash out, and institutions continued to reduce their stock holdings.Small and medium-sized investors can only complain endlessly and do nothing.
Today's Finance began to publish optimistic reports on Hong Kong's economy in early November, citing many interviews with mainland celebrities and some celebrities. However, it was no use. The selling of institutional funds caused the stock market to still fall sharply.
Seeing this situation, Li Bu could only say: "Let's get started. These external funds are really supercilious. You have to rely on yourself to save the market."
"Boss, do we need to contact anyone else?"
"No need, we have invested 400 billion Hong Kong dollars. If it doesn't work, we will find other people to help." The people next to him were speechless, and they didn't want to talk too much.
Watching the stock market falling every day, Li Bu kept smiling. After reducing his holdings in more than 30 listed companies, he only had 35% of the stocks. This time, he slowly exceeded 50%, and he is still buying.
Listening to the report below every day, his smile never fades away. This is the joy of having money. No wonder those women love shopping and can't stop buying.
Sitting in his office, Li Bu looked at the daily changes in shareholdings and hummed a song he hadn't sung for a long time.
"I'm still the same boy who made money, nothing has changed..."