Traversing the courtyard

Chapter 513 The stock market is overheated
Weidong sat and watched Landmark acquire the Milk Company. It seemed that Landmark didn’t spend a penny on the acquisition, but only printed some stocks. In fact, there was a hidden injury, that is, Jardine’s control over Landmark was weakened, and a large number of Landmark’s stocks entered zero. In the hands of retail investors, Jardine has lost even 20% of its equity.

This also laid the groundwork for the subsequent acquisition, and there may be a chance to win Landmark in advance.

When Weidong returned to the office, Weidong thought about it and asked Mi Xiaozhou: "How is our investment in the stock markets of the beautiful country and Europe going?"

"There is relatively little increase over there, and there can be more than 50% profit."

Wei Dong said: "Sell them all, the stock market is too crazy now, let's buy gold again."

The total overseas investment was 1.5 million U.S. dollars, and Mi Xiaozhou got back 2.3 million in cash, which is 18 Hong Kong dollars. However, Weidong did not exchange it directly, and added 12 billion in cash, all of which were transferred to HSBC's account.

The originally idle HSBC account received a large amount of money transfer, and Taiban Shen Congee directly called to ask about the situation.

Wei Dongdao: "Isn't it just to make some money on Hong Kong Land recently? I once again entrusted HSBC to do a gold futures business."

Early Rain Bank did not qualify for the London Gold Exchange, so it had no choice but to buy futures from HSBC.

Shen Congee was surprised: "Yi Sheng, don't you buy a batch of gold every month?"

Since last year until now, Weidong has bought more than ten tons of gold every month, and now he has more than 350 tons of physical gold on hand.

There were also 57 tons of gold futures before, and now Weidong has to invest in the futures market.

Wei Dongdao: "This time it's still the same as before. I have 20 billion funds now, and I will continue to buy gold futures with 100 billion with five times leverage."

This has reached the end of 72 and next year will be the Middle East war. At that time, gold will rise again, and it can be sold at a high point to double the profit.

Shen Porridge had no reason not to accept the door-to-door business, and said, "Okay. Just arrange for someone to hand it over tomorrow."

Weidong put down the phone and arranged for the people from Autumn Rain Securities to deal with the gold futures tomorrow. After two years of rising, gold has now reached $64 an ounce.

However, Wei Dong Qian had bought spot gold before, and now he is free to enter the market again to speculate in gold futures.

Not long after, he received a call from Zhou Xinian inviting him to drink tea together. Wei Dong was invited to the tea room. After the two of them greeted each other politely in the box, Chairman Zhou said, "Thanks to Yi Sheng's reminder, otherwise I've made a fool of myself this time."

"What did Sir Zhou say? Just don't blame the boy for selling the shares in the milk company."

Jazz Zhou said with a smile: "Yi Sheng was joking. Landmark played very cleverly. It is normal for the milk company to be acquired. I was sulking at home for a few days. Looking back, the price of such a high price is very high. Selling the stock is already the best outcome."

Now Milk Company is being delisted by Hongkong Land, and Hongkong Land’s stock has been falling rapidly. The highest point of the stock price after ex-rights is 67 yuan, and now it has dropped by one-third in a few days. The market is already wailing. People who have exchanged their stocks for Hong Kong Land shares have not yet received the shares of Hong Kong Land, so they have been dumbfounded for a long time.

Both Wei Dong and Jazz Zhou sold the shares of the milk company directly through the market, and they could get cash on the same day, and they both made a lot of money.

Besides, Zhou Xinian is not only the chairman of the milk company, but also invests in many companies under his name. There is also a Xiangjiang Chinese Bank, and he is also a member of the Executive Council and the Legislative Council. It can be said that he is still a leader in the Chinese world. His car It is a Rolls-Royce with the plate number "3", and it is one of the few Chinese who can live on Mid-Levels.

Although he had already seen it, Sir Zhou still scolded Niu Bijian in front of Weidong, accusing him of not doing things honestly.

Sir Zhou invited Wei Dong to come here today to thank him for his previous reminder and let him sell his shares earlier. By the way, he talked with Wei Dong about the cooperation between the two. He said: "Yi Sheng, although your company is developing very well now, your status and strength are very mismatched. Why don't I and my old friend fight for a member of parliament for you? It stands to reason that you should be knighted."

Facing a rich man like Wei Dong, no matter what he can take as a thank you, he can't show it. It just so happens that he has some slack in the political and business circles, so he can push and propose Yi Wei to be a member of parliament, or even a jazz.

Xiangjiang has always had such a tradition, as long as it is a rich man, he can become a member of the two councils, and the Hong Kong authorities will also propose to apply to London for a knighthood, so that going out like this is very face-saving and has a detached social status.

Wei Dong shook his hand and said, "Thank you, Sir Zhou, for your kindness. I don't want to do this because I swam here a few years ago, and the authorities treated me very cautiously. Besides, I'm still in school. I don't know anything about politics." If you're interested, don't let it go."

"It's a pity, it's a pity." Sir Zhou sighed.

"There is no pity, I am not here."

Wei Dong's refusal was beyond Sir Zhou's expectation, and he was not prepared to be rejected, so he changed the topic and talked about the interesting things about Xiangjiang.

In the blink of an eye, the New Year's Day in 73 has passed, and the Xiangjiang stock market has resumed its bustling. Stimulated by Hongkong Land's acquisition of the Milk Company, the stock market has run wild like a wild horse. In just one month, it has been rising from more than 600 points before the acquisition. At the end of the year, the market closed at 863.40 points, an increase of [-] points in just one month.

If counted from the 323.95 point at the beginning of the year, it has doubled by 2.6 times in one year, and more than 100 companies have been listed in one year, including the famous real estate five tigers, Hopewell, Cheung Kong, Henderson, Dachang and Xindi. There are also some well-known companies that were almost all listed in 72, which shows how hot the stock market has become.

In 1972, with the international background of the talks between the florist and Dapao, Nixon’s visit, the normalization of diplomatic relations with Nihong, the establishment of diplomatic relations between China (West) Germany, and the improvement of Sino-British relations, the Xiangjiang stock market was full of climaxes.

In 1973, the Vietnam War ceased fire, the Hong Kong government announced the construction of the subway, and various companies successively distributed dividends and bonuses. Coupled with the continued turmoil in Western finance, the Hong Kong stock market became even more frenzied, like gold everywhere. In just 1969 years from 1972 to 4, the Hang Seng Index soared 7 times, and the trading volume soared 16 times.Stimulated by the concept of "only stocks, not banknotes", Hong Kong citizens flocked to buy stocks, and the stock price soared all the way far away from the company's actual profit level, economic and social development, so that institutional innovation and reform were ignored. .

Weidong couldn't bear it at this time, and published a signed article in his home "Xiangjiang Metropolis Morning Post", bluntly saying that the stock market is overheated now, and persuaded stockholders to treat it calmly. Stocks may rise or fall, and they must not be blind.

The next morning, Weidong read the newspaper again, my good fellow, all the newspapers were full of articles scolding Weidong, saying that Weidong is an outsider, that he can't see Xiangjiang people getting rich, and that people in Xiangjiang should not let people in Xiangjiang make money if they have money, etc.

Weidong was so angry that he drank an extra glass of milk for breakfast.

When we got to the office, Wei Dong recruited Mi Xiaozhou and said, "From now on, we have to formulate a new plan and gradually release the stocks in our hands."

Mi Xiaozhou asked: "Is it so early? Didn't you meet the peak after the Spring Festival?"

Wei Dongdao: "Didn't you look at how many stocks we have? Of course, if we want to ship such a large number of shares smoothly, we must prepare in advance. We must first make a plan and make a plan, and strive to clear all the stocks when the next year enters March. .”

"OK, I see."

Weidong held another financial meeting, mainly attended by people from Autumn Rain Bank and Autumn Rain Securities. Both parties suspended the stock mortgage business, and the original stock mortgages had to be checked and dealt with. Either replace the collateral, or authorize the Autumn Rain Group Realize as you see fit to protect against losses.

The following stock market became even more frenzied, and there were some things in the market, such as "shark's fin for rice", stockholders resigned from their jobs to speculate in stocks full-time, "abalone porridge", "making fish eggs with mouse spots", "lighting cigarettes with big cows (HK$500 banknotes)". "Wait for the crazy phenomenon.

The whole of Xiangjiang has misused the money. There was a wave of resignations in the Qiuyu Group. After the wages were settled, they went directly to the stock exchange. It is necessary to help the Filipino maid to buy and sell stocks, otherwise the Filipino maid will not be willing to work at the employer's house.

The old man who set up a stall on the side of the road to watch the store is holding the radio to listen to the news of the stock market all day long. Business can be done or not.

One by one happily watched their own stocks go up, holding them in their hands and not selling them, and some even borrowed money to speculate in stocks. The interest would only be earned in a day or two, and if it rose any further, it would be their own profit.

After New Year's Day and 73 years later, the stock market has become even crazier. The Dongyuan Stock Exchange can't get people in. Dozens of security guards from commercial buildings have to be dispatched to maintain order, and the stay of people in the trading hall is also restricted. The original supporting facilities such as sofa, coffee table and chairs have been dismantled to make room.

Mi Xiaozhou carried out the plan step by step, and released an appropriate amount of each stock to cash out every day. Even so, the stock market stood at a position of more than [-] points in a blink of an eye. Stockholders saw that the floating wealth on their books became even more crazy, selling houses and land There are not a few people who speculate in stocks.

After a period of time, Weidong published an article in the newspaper warning that the stock market was overheated, but the stockholders didn't buy it and said everything.

Weidong consulted with Li Fuzhao again, shortened the time for stock trading, and hung some slogans in prominent positions in the trading hall, but the stockholders seemed to be unable to see them.

Mi Xiaozhou wondered: "Boss, it's useless for you to do all this, why do you still do it?"

Wei Dong sighed: "I am the chairman of the exchange, and I always have the obligation to remind them. Whether they listen or not is their business. Maybe some people who are not firm will listen to me and stop trading in stocks."

Think about it and ask: "Does your family trade in stocks?"

"There were before, and they were all sold under my persuasion. Now I dare not go home. When I see me, I complain that they are preventing them from getting rich."

Wei Dong smiled and said, "Didn't I tell you that you can get it at the end of February?"

Mi Xiaozhou said embarrassedly: "I'm afraid they won't listen to me at that time, and they will make the consequences more serious. This time, they will listen to me again, and it's too early to sell."

Mi Xiaozhou was also depressed, this time the people in the big house were too obedient, and they would clear all the stocks at the slightest intimidation.

Wei Dong thought for a while and said, "Then I'll recommend a stock to you, and give you another ride."

Mi Xiaozhou came and asked with interest: "Which one?"

Wei Dong pointed to the document and said, "That is, as long as the Heung Kong Antenna is listed, you can charge as much as you want if it is less than 20 yuan. Remember that as long as it exceeds 30 Hong Kong dollars, all the positions will be cleared immediately."

In the past two years, there has been an upsurge in buying TVs in Xiangjiang. If the program signal is worse in places far away from the TV tower, a company claims to have invented a TV antenna that can enhance the program signal. It can find a deal without the real product and patent number. So come to seek listing.

When the document was handed over to Weidong, it was directly rejected by Weidong. This is a scam company, as long as a thick bamboo pole is erected, and an iron bar is hung on it, the signal can be enhanced. Besides, this company has nothing, I just want to take advantage of the upsurge of the stock market to go public and cheat money.

Now the newspaper has issued an announcement that it will only be listed and sold on the Xiangjiang Exchange. It happens that Mi Xiaozhou recommends this stock if he needs it.

Mi Xiaozhou picked up the newspaper and read it, and asked strangely, "Isn't this the company you vetoed?"

Wei Dongdao: "I vetoed it, but it's okay to hype it for a short time. Remember that as long as it reaches [-], you have to throw it out directly, or you will be caught in it."

The Xiangjiang Club was also driven mad by Weidong's Dongyuan Exchange. Now it accepts any company's listing, as long as it is an application, it will not refuse anyone, trying to catch up with the Dongyuan Exchange in terms of transaction volume.

Mi Xiaozhou understood in a blink of an eye that although it was not optimistic in the long term, it could still be hyped up in the short term. It would be nice to make some quick money and give the family an explanation.

Weidong's previous guidance has also yielded some results, and more and more sensible people have seen the hidden risks in the stock market.

When the stock market was in full swing, there were many articles criticizing many companies for "swarming up" in the stock market and urging everyone to be vigilant about market risks. Even the chairman of HSBC publicly called for caution against excessive speculation in the stock market, but no one listened to such voices.The Hong Kong government once printed booklets such as "Instructions for Buying Stocks" and placed them in banks or stock exchanges for free distribution. However, investors who mistakenly believe that "buying stocks can get rich" buried their heads in stocks, and those booklets were often accompanied by dust. It was reluctantly taken back in the future.

In fact, the authorities have sensed an atmosphere of uneasiness. Since January 1973, the authorities have issued repeated orders, prohibiting civil servants from using office phones or going to the stock exchange without authorization to trade stocks. This cooled the overheated stock market.Governor MacLehose publicly pointed out that the Hong Kong stock market has been "overheated", calling on investors not to speculate blindly, and also declared that the government will curb stock speculation activities.The Hong Kong Banking Regulatory Office also warned major banks to impose strict restrictions on stock loans in order to curb the ever-expanding stock market bubble.

However, the warnings of the authorities and the governor are nothing compared to the lure of speculative interests.At this time, Xiangjiang people still believe that the stock market will not collapse, and stock trading is a shortcut to getting rich.

(End of this chapter)