Go back in time and be a chaebol

Chapter 1175: The Circulation of Wealth in Asia (First update, please subscribe)
Although Nanyang's economy has a planned nature, the government protects national welfare by providing housing, pensions, medical insurance and other benefits, and even shares development benefits with the people through methods such as employee stocks.

But this is only the planned side. On the other hand, Nanyang is a highly commercialized society, to a certain extent.

Nanyang has the most lively stock and bond market in Asia. Whether in Yongan or any other city, there is always a group of speculators in the stock exchange. People are talking about "company stocks", "bank stocks", "mining stocks", "machinery stocks" and "chemical stocks" in a deafening voice, and their arguments are also in the middle.

The rise and fall of the stock market has never affected people's enthusiasm for investment. After all, the return on investment is visible to the naked eye.

As we all know, in the past ten years, the profit rate of Nanyang’s stock market investment was close to 17%!

ten years!

It has always been like this, year after year!

Even during the gold boom of that year, speculators who fled from Shanghai and other places invested hundreds of millions of yuan in the gold market, trying to bet that the Nanyang currency would depreciate sharply. But in the end, they lost everything they had. Countless people jumped off buildings, and countless once-powerful Shanghai families ended up on the streets overnight, with their wives and children separated.

Even so, the stock market continued to boom that year, so over the past decade, those employees who held shares in the company have all made a fortune.

Some companies even split their stocks, further boosting the family wealth of people in Nanyang. Today, almost every family in Nanyang owns shares in a company, and everyone has received corresponding dividends from the development of the company and society.

This is Nanyang, where everyone can get corresponding rewards in the country's development.

This is also capital. It can make people successful, but it can also cause people to fall apart.

In 2000, the Nanyang stock market, stimulated by the Olympic Games, continued to rise, and it felt like it was going crazy. After the Yongan Index broke through the 2-point mark at the beginning of the year, it began to fall back in February, but within two months of the fall, it rose back to 2000 points.

Then in July, the stock market seemed to be stimulated by something and soared all the way from 2200 points.

I have to say that the Nanyang stock market is hot this midsummer!

The problem is that it is summer all year round in Nanyang!

The stock market surge in July was directly related to the exodus of Indian princes to a large extent. Although those princes had just arrived in Southeast Asia, they immediately brought a shock to Southeast Asia.

Such an impact is not even inferior to the wealthy people from Shanghai, Guangzhou and other places who went to Southeast Asia. The wealth they brought with them was also extremely astonishing. The funds they brought were even regarded as one of the dual engines of Southeast Asia's second period of rapid growth.

This time, billions of dollars of hot money entered Southeast Asia without any warning, and the market naturally responded quickly.

After easily breaking through the 2500 point mark, the upward trend still shows no sign of stopping.

Along with the stock market frenzy, a large amount of funds poured into the securities market. Newspapers, television, and radio were full of topics related to the stock market. It seemed that everyone could make money from it and everyone was getting rich.

“The only lesson humanity has learned from history is that humanity never learns!”

Cheng Qingsong was reading the stock market news in the newspaper. When this sentence popped up in his mind, his eyes were fixed on the prices of those stocks.

During the "gold speculation" of that year, he followed his boss, bet all his assets on it, and even added leverage.

Unfortunately, Cheng Qingsong not only lost all his capital, but also owed a huge debt. Although Nanyang had bankruptcy laws, the court determined that he had the ability to repay and allowed him to restructure his debt. This was almost like carrying a debt for a lifetime, but only repaying it in installments.

Over the past few years, he has been working and of course has been paying off his debts. As a debtor, he still lives in an apartment. The only thing he is thankful for is that his wife is still with him. He did not end up separated from his family like other people did. Just like his boss, who was a big boss with a net worth of tens of millions, but after bankruptcy, his wife and children left him. In the end, he lived alone in an apartment and could only make a living by doing odd jobs.

No one knows whether he is dead or alive now.

That gold boom back then caused countless big bosses to lose their fortunes.

It all comes down to one word: greed.

While expressing his emotion, he continued to drink the porridge.

In addition to the children drinking milk and eating eggs, Cheng Qingsong has long been accustomed to drinking white porridge and pickles.

This is not because of debt. During the probation period, the bankrupt's behavior will be strictly restricted, and the relevant personnel of the Bankruptcy Administration Office will also visit the bankrupt's home to ensure that the bankrupt has not violated the regulations. Therefore, many bankrupts have "developed" simple living habits.

However, Cheng Qingsong had this habit before he went bankrupt.

Thanks to the debt exemption and debt restructuring after bankruptcy, Cheng Qingsong is now able to start over with ease. He now works in a construction company, and although he is not rich, he has no problem supporting his family.

Seeing him staring at the newspaper for a long time without saying anything, and thinking about the stocks and other things that everyone was talking about every day recently, Liu Biyun's heart couldn't help but tighten, and she asked.

"You're so engrossed in what you're watching, are you watching the stock market again?"

After hearing his wife's voice, Cheng Qingsong came back to his senses and shook his head.

"Yes, I saw an interesting news. Look - wealth is flowing between women's faces. The news is quite interesting..."

Cheng Qingsong held the newspaper and said:
"Beauty is an industry, appearance is an asset, and women are a mirror of the economy. When the salt industry was prosperous, beauties were in Yangzhou; when grain and commercial goods were transported to Beijing through the canal, beauties stayed in canal cities such as Linqing for a while; when the world's silver flowed into the wealthy areas of Jiangnan, famous beauties such as Dong Xiaowan and Liu Rushi were either in Jiangning Prefecture or Songjiang Prefecture;
After Shanghai was opened as a port, it gradually concentrated in Shanghai...Now it has moved south to Southeast Asia. Speaking of the facts and history, the flow of beauties is an important window for observing the economy. "

Liu Biyun, who was eating breakfast, smiled and said:
"These reporters are really something, all of them have a deceptive mouth. They associate beauty with money, which is really vulgar."

"What kind of vulgarity is this? I'm just talking about the facts. Right now, the economy of Southeast Asia is booming, there's singing and dancing, and there's a lot of feasting and drinking. It's full of beautiful women from the East and the West. Wealth consumes beauty, and beauty in turn creates wealth. The feedback between wealth and beauty is getting faster and faster. Look at the female stars in the newspapers. They're getting more and more beautiful..."

Cheng Qingsong said this, but an idea flashed through his mind.

Wealth consumes beauty, and beauty in turn creates wealth...

Suddenly, he said to himself:
“Perhaps, we can hold a “Miss Nanyang” competition?”

It seems that there are no beauty pageants in Nanyang until now.

"what?"

Liu Biyun was surprised:

"Miss Nanyang?"

"Yes, just like the "Miss Shanghai" contest back then, there is no similar beauty contest in Nanyang right now, so organizing a beauty contest like this should be quite attractive."

Liu Biyun immediately said sarcastically.

"Forget it. Back then, Miss Huhai chose Miss Huhai. She was clearly Mrs. Huhai."

As a Shanghai native, she also participated in the voting that year. The favorite Xie Jiahua lost to Wang Yunmei, the second wife of a rich man. Many people mocked that the "Miss Shanghai" was finally elected as the "Mrs. Shanghai".

"What kind of beauty pageant is it? In the end, what matters is money. As long as there's money writing checks behind the scenes, it's fine."

"So, this beauty pageant must be fair."

Cheng Qingsong said.

"After we elected Mrs. Hu Hai, we stopped holding the event. If we want to continue holding the event, we have to be fair and just."

Of course, everyone knows why the event was not held. As for the champion, whether she is a wife or not, it must be said that she is indeed very beautiful.

"As long as it is fair and just, it will definitely continue."

Seeing her husband's serious expression, Liu Biyun stared at him and said:
"You guys, don't you want to do this?"

These stinky men all like this tune.

"Yes, that's what I said,"

Cheng Qingsong said self-deprecatingly:

"I am just an ordinary construction engineer now. Even if I have this idea, I don't have the resources. This kind of thing is not something that an ordinary person like me can do. Besides..."

Cheng Qingsong said self-deprecatingly.

"What I want now is to pay back the money as soon as possible, so that we can move out of the apartment earlier..."

This dream is simple but far away. After all, he owes tens of thousands of dollars in debt. After debt restructuring by the court and relevant agencies, he now only has to pay a few hundred yuan a year.

It may not seem like much, but it is basically certain that you will have to pay off your debts for the rest of your life.

Therefore, investing involves risks!

"The apartment is not bad to live in. When I first came to Nanyang, I lived in a house like this."

Seeing her husband's expression, Liu Biyun quickly changed the subject and said:

"By the way, what are the top three Miss Huhai doing now? The runner-up, Xie Jiahua, seems to be still making movies, but that Wang, Wang...that's Mrs. Huhai, where is she now?"

Cheng Qingsong, who knew why his wife changed the subject, also echoed:
"Maybe in Hong Kong Island. In the early years, many people went to Hong Kong Island, so I probably went there too. However, Xie Jiahua has made a lot of movies in recent years. Recently, he also made a movie called "Zheng Chenggong", which is now showing in theaters. When I have time, I will take the children to watch it."

As he spoke, he looked at his wife with eyes full of satisfaction, and then he spoke as if he had thought of something.

"Or, let's take a vacation together in a few days and go to Yongding. I haven't been there yet..."

(End of this chapter)