Video Game Empire
Chapter 508: stock market crash
"Jurassic Park" has an unparalleled promotion of film technology. It not only showed the charm of computer special effects to the world for the first time, but also pioneered the introduction of the concept of digital sound effects, making the light and shadow of the cinema to the audience more realistic. and exciting!
Spielberg has been a dinosaur fan since he was a child, and he couldn't put it down when he first saw the script of "Jurassic Park". However, it still took two months of negotiation between Asia Films and his team to finally reach a compromise on various interests!
In order to put more money into the special effects of the film, Spielberg converted all his directing expenses into investment, and will use the box office share to obtain income from the film. If "Jurassic Park" can exceed $1 billion at the global box office, Spielberg can earn up to $250 million in revenue from the movie!
However, Spielberg's main task this year is to complete the post-editing work of "Empire of the Sun" first. Therefore, the "Jurassic Park" project will not officially start preparations until February next year. However, some preliminary work has already been carried out. For example, Spielberg is still not satisfied with the existing script. he
Two Hollywood gold screenwriters were specially invited to revise the script to make it more in line with the values of the American market! And Asia ∨dǐng∨ǎn∨小∨ said, .★.+o Films has no objection to this, and the company has given Spielberg great trust and power in film production!
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And just when Spielberg signed his name on the director contract of the "Jurassic Park" project, the Hong Kong stock market ushered in a serious stock market crash!
into October. Li Xuan has been doubting whether the stock market crash of Hong Kong stock market in 1987 will still break out. After all, his influence on this time and space is changing the face of this world more and more!
Take the Hong Kong stock market as an example. The most important blue-chip real estate stock, Landmark, has been successfully privatized by Li Xuan and others and delisted. In the Hong Kong stock market, the eastern sector, which is now playing an increasingly important role, does not exist at all in another time and space!
The time comes to October 19th, Monday, the sky is clear in Hong Kong! Most Hong Kong citizens are starting their new week of work as usual. But just as the clock passed ten minutes, the bp machines around the waists of countless people began to ring non-stop!
Many people took a first look after opening the message. I couldn't help but change color slightly. Ten minutes after the exchange started trading, there was a strong wave of selling. All blue-chip stocks opened several price points lower, while second- and third-tier stocks fell even more sharply.
Selling orders were overwhelming in the entire market. Less than fifteen minutes after the market opened, the Hang Seng Index had already fallen!
"What the **** happened?" This is a sentence that all investors are constantly muttering.
Before the Hong Kong capital market opened today, there was no bad news. If the only bad news was that U.S. stocks tumbled on Friday. But the news came after a weekend of buffering. Such a severe shock should not have occurred. At least the Sydney stock market, which opened ahead of the Hong Kong stock market, was unchanged. But the Hong Kong stock market plunged in panic as soon as the market opened!
"Li Sheng, today's Hong Kong stock market is a little abnormal. If it continues like this, it may lead to serious market panic, which will lead to a larger-scale stampede!" Zhuang Yuhai also shook his head in confusion and said.
When the stock market just had a change, Zhuang Yuhai also allowed traders to buy on dips. Because according to his analysis, Sino-British relations have been very good recently, and Hong Kong's economic data in the first seven months has also been thriving. Hong Kong stocks should continue to strengthen in the future.
But after the Hang Seng Index kept falling. Zhuang Yuhai has stopped all buying transactions. As for whether or not to take advantage of the trend, Zhuang Yuhai is still a little hesitant. Therefore, it is rare for the big boss to come to the headquarters of the fund to inspect. What he saw was a scene where everyone was doing nothing, which naturally made Zhuang Yuhai quite embarrassed!
Of course, the atmosphere in the office area is actually very dignified. When everyone witnessed such a serious plunge in the Hong Kong stock market, their hearts could not be relieved! Of course, Li Xuan would not say that he had guessed in advance that there might be a stock market crash today, so he came here on purpose.
"Ah Hai, what do you think is the reason for the stock market crash today?" Although Li Xuan remembered that there was a "Black Monday" in 1987, the specific reason for the stock market crash is not clear. After all, he did not study finance in his previous life. .
Zhuang Yuhai also had many unsolved mysteries in his heart, but since the boss asked the question, he immediately began to organize his answer: "Since last year, the US economy has experienced a round of rapid growth. The month rose to its peak, and the stock market plunged 5% on Friday, adding to the market's expectations that the U.S. economy may face a recession.
The recent series of monetary policies of the Federal Reserve all hope to curb inflation by allowing the US dollar to appreciate, which has directly led to a decline in the market's confidence in the Hong Kong dollar pegged to the US dollar! In London, there was a typhoon last Friday, which caused many securities practitioners in the Financial City to be unable to commute to get off work, resulting in a large number of open trades that could not be delivered before the weekend, which also aggravated the market's anxiety!
On Friday, Hang Seng pointed out that it once fell by more than 100 points near midday, but the market rebounded in the afternoon. Therefore, the confidence of investors has actually been greatly shaken last weekend, and the New York stock market, which opened later than Hong Kong, also plummeted on Friday, which was even worse. The panic of investors was directly transmitted to the Hong Kong stock market on Monday. ! "
Although the reasons listed by Zhuang Yuhai exist objectively, his analysis can only be regarded as an afterthought! Because at least before the market opened, he and his team did not analyze that Hong Kong stocks would plummet based on this information.
"Johnson, the decline of the Hang Seng Index has narrowed. It should be that some brokerage houses have started to flatten the goods. Do we want to follow up together?" A trader reminded aloud.
Li Xuan couldn't help but look up at the large electronic screen on the wall, which kept refreshing the latest Hang Seng Index. In just a few seconds, the number above rose again.
"We are in long-term investment. There is no need to take huge risks to enter the market because of a small profit! The panic in the market should not be over yet, and it may continue to fall in the afternoon! Take advantage of the opportunity of the Hang Seng Index rebound now. Let's first Clear out some of the stocks in the portfolio that have already experienced higher gains as soon as possible!" Zhuang Yuhai said very calmly.
Although the market has no reason to be bearish, the Hong Kong stock market has plummeted. Zhuang Yuhai believes that the changes in the Hong Kong securities market are likely to spread to other Asian markets. And if the stock markets in other countries also fall across the board, it is likely to cause the U.S. stock market, which has not yet opened, to continue to plummet on Monday. This can easily create a vicious circle, so Zhuang Yuhai conservatively chose to stay on the sidelines temporarily!
According to his instructions, the entire team quickly began to get busy again. Li Xuan did not speak out to influence Zhuang Yuhai's decision. Instead, he stood quietly beside him like an outsider.
He did not leave the fund's headquarters until after the market closed in the morning. The "Eight or Seven Disasters" still broke out very tenaciously according to the inertia of history! Today is definitely a day that makes countless investors in Hong Kong cry without tears. As the so-called market has risks, investment needs to be cautious! If you want to make money from the stock market, you must first be prepared to lose money!
In fact, this "Black Monday" also has some help for Li Xuan's next actions! He stumbled across a piece of news not long ago. The Hong Kong Independent Commission Against Corruption is conducting a secret investigation into the chairman of the Hong Kong Stock Exchange, Li Fuzhao.
Li Fuzhao is a very strong character. After the merger of the four Hong Kong exchanges to form the Stock Exchange, most of the real power was firmly in the hands of his Far East branch. And this is also not good news for Li Xuan. He hoped to promote the establishment of the Growth Enterprise Market of the Hong Kong Stock Exchange a few years ago to provide more convenient financing opportunities for emerging companies.
But Li Xuan's plan has been perfunctory by Li Fuzhao, and has not made much progress! Like him, there are also foreign securities companies who are very dissatisfied with Li Fuzhao. The right to issue new shares in Hong Kong stocks is in the hands of Li Fuzhao, which greatly damages the interests of foreign securities companies.
Especially as the 1997 deadline is approaching, many British companies are preparing to retreat. And Li Fuzhao became the biggest stumbling block for them to make money from the Hong Kong stock market before they retreated.
Li Xuan believes in the investigation of Li Fuzhao by the Independent Commission Against Corruption. Just to kill this stumbling block! In fact, the reason why Li Xuan was able to know that the Independent Commission Against Corruption was conducting a secret investigation on Li Fuzhao was because he originally planned to catch the other party's pigtails, so that Li Fuzhao made concessions on the establishment of the ChiNext.
"Li Sheng, the Stock Exchange said before that it was going to conduct a feasibility study on the launch of the Hong Kong Growth Enterprise Market. I don't know how far the stock exchange's research has progressed now?" Li Xuan specially invited Li Fuzhao to have dinner with him, but the other party obviously had some doubts. absent-minded.
The Hong Kong stock market plunged by more than 10% yesterday, and New York time is more than ten hours later than Hong Kong time. Therefore, investors in Hong Kong are paying attention to the situation of the New York stock market after the Hong Kong stock market ends trading. As a result, the Dow Jones Industrial Average tumbled after the market opened in Hong Kong time last night, setting the largest one-day drop in the United States in a century.
Under this unfavorable situation, the Hong Kong Stock Exchange held an emergency response meeting this morning and decided to suspend trading for four days, so that all investors can return to reason! Li Fuzhao's decision caused huge controversy in the Hong Kong capital market. Some people applauded, and some even shouted!
"It is by no means a simple matter to create a completely independent new stock exchange outside the main board market! Moreover, the confidence of the Hong Kong stock market is being severely damaged. Now is not a favorable time to discuss the ChiNext!" Li Fuzhao frowned. Said that he is not in the mood to discuss the GEM issue at all.
In this round of slump in Hong Kong stocks yesterday, although several listed companies such as Asia Entertainment Holdings, Hong Kong Telephone, and Jiahua Bank under the Oriental Group were also affected, their stock prices did not fall much, but they became the last resort for many safe-haven funds. Shelter.
Li Fuzhao actually stayed up all night last night, and now he came to the appointment with strong energy. And the reason why he came to meet Li Xuan is to persuade the "God of Wealth Li" to stand up to cheer the Hong Kong stock market and appease the panicked people.
"Li Sheng, I have a document here, and I think it is necessary to let you know!" Li Fuzhao hadn't figured out how to convince Li Xuan, but Li Xuan had already handed a document to him first.
Li Fuzhao took the things that Li Xuan handed over with some disapproval, and was going to flip it at will. But after only a few glances, his face became serious. Li Fuzhao knows very well that the richest man in the world has been in contact with various parties for the establishment of the Growth Enterprise Market, but this document is not about this aspect!
The Independent Commission Against Corruption is secretly investigating itself, and Li Fuzhao is a little unbelievable! He couldn't help but looked up and took a deep look at Li Xuan, and what caught his eye was a face full of warm smiles. But Li Fuzhao couldn't help shivering. He didn't believe that the "God of Wealth Li" would take such a fake news as a joke.
"Li Sheng, you must know very well that there are many British people in Hong Kong who are very dissatisfied with you! Your move to order the suspension of the Hong Kong stock market this time is a bit too hasty, which is likely to cause a huge blow to the credibility of the Hong Kong stock market!
If Hong Kong stocks still fail to stop falling and rebound after trading resumes, you are likely to be the target of all investors! If it was in the past, the ICAC's investigation of you might not be a big deal~www.readwn.com~ But once your reputation is damaged, they only need to catch any little braids and they can kill you! "Li Xuan said quietly.
The securities companies in the Hong Kong securities market can be roughly divided into two categories, one is Chinese-funded securities companies, and the other is foreign-funded securities companies headed by British and American capital. Foreign securities companies have stronger capital and channels, but under the suppression of Li Fuzhao, they have suffered a lot of hidden losses in the Hong Kong stock market.
Li Xuan originally considered whether to unite with other opposing forces and dismount Li Fuzhao together! But if Li Fuzhao is completely overthrown, then the Hong Kong capital market will soon be controlled by international investment banks such as HSBC, Goldman Sachs, Merrill Lynch, etc. This is not good news for Orient Group!
And Li Xuan, as a past person, naturally knows that Li Fuzhao's suspension of the market is definitely a big failure. After the Hong Kong stock market resumed trading, it ushered in a more violent decline. At that time, Li Fuzhao, a decision-maker, will naturally suffer from incomparable pressure from public opinion, and it will be unknown whether he can continue to be the chairman of the Stock Exchange.
Li Xuan gave Li Fuzhao a warning in advance so that he would not be caught off guard by the Hong Kong government. And as long as Li Fuzhao is not thrown into prison by the Independent Commission Against Corruption, even if he resigns as the chairman of the Stock Exchange, he can still maintain a huge influence on the Hong Kong securities market and delay the penetration of international capital into the Hong Kong securities market! (To be continued.)
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