Video Game Empire

This round of stock market crash first broke out in Hong Kong, and finally developed into a stock market crash that spread around the world. The Dow Jones in the United States fell in one day, the Financial Times in the United Kingdom plummeted, the Nikkei average fell sharply, and the Sydney stock market plummeted.

Faced with the surging stock market crash, governments around the world were shocked and immediately began a series of rescue policies. U.S. President Ronald Reagan made a public speech in which he said that the U.S. economy is now very stable and that this stock market crash is not commensurate with a healthy U.S. economy. The Federal Republic of Germany announced a reduction in the tax rate on securities repurchase, and the stock markets of many countries urgently set trading restrictions, and the central bank urgently injected funds into the market.

At the same time, the chairman of the Federal Reserve also made a speech, which will ensure the liquidity of the US financial system. Backed by the Federal Savings System, U.S. banks have begun lowering interest rates while increasing credit to securities brokers to keep them out of trouble due to liquidity shortages.

The impact of the global stock market crash on the Orient Group is naturally not small. The group's seven listed companies in the United States, the United Kingdom and Hong Kong all saw their share prices fall to varying degrees. Among them, the deepest decliners were the company (Computer Park) and Dongfang Semiconductor.

The company has been carrying out large-scale expansion in recent years, and its asset-liability ratio is relatively high. On "Black Monday" alone, the company's stock price tumbled 38.4%.

And Oriental Semiconductor just completed its listing this summer while the U.S. stock market rose. As a new stock, the stock price of Orient Semiconductor was originally a bit inflated in the context of the previous bull market in the United States. This time, it naturally experienced a deep correction, falling 30.7% in one day.

In addition to these two stocks listed on the NYSE by Orient Group. A large number of other blue-chip stocks also suffered heavy losses, such as Ford, Coca-Cola, Wal-Mart and others. The stock price also fell by more than 30%, and Westinghouse lost nearly half of its market value in one day.

Faced with such a tragic decline, all listed companies have to take action. Within a day of the New York Stock Exchange, more than 500 listed companies issued announcements that they would buy back their own shares to boost their share prices.

Under this general trend, the Oriental Group will naturally have to make some expressions. Like the company, because of the rapid expansion in the early stage, its own cash flow is not sufficient. Therefore, the company does not have a stock repurchase plan, but the Oriental Holding Company, which is its major shareholder, has come forward to increase its holdings of the company's stock.

after the company goes public. There have been multiple rounds of additional offerings in order to raise funds needed for global expansion. The stake held by the major shareholder, Oriental Holdings, has also been diluted to only 37.5%.

Orient Holdings took the opportunity of the company's stock price at a trough and increased its holdings by 5%, thus bringing the number of shares back to 42.5%. This is a relatively safe value, which is enough for the Eastern Group to firmly control the company and avoid being peeped by other interested people.

As for Dongfang Semiconductor, Li Xuan's shareholding ratio has reached 40.5%, and there is no need to continue to increase his holdings. And Oriental Semiconductor is the same as the company. The biggest problem is massive expansion. In order to staking the market in the global market, the company has opened home appliance chain stores all over the world. The main investment of Dongfang Semiconductor is to continuously build new wafer factories.

Dongfang Semiconductor has only been established for five or six years, but the total number of fabs has reached as high as 15. It is expected that the r-3 processor to be listed next year will adopt a new generation of process technology, and Dongfang Semiconductor is building a new large-scale wafer factory for this purpose.

However, the new generation process has not yet been put into use. Oriental Semiconductor has invested heavily in the development of next-generation technologies. Therefore, although Dongfang Semiconductor Co., Ltd. has been reluctant to receive orders due to the rapid development of the computer industry in recent years, almost all production lines are operating at full capacity. Generate huge cash flow every day.

However, Dongfang Semiconductor needs to spend more money, and the flow of funds is still not ample. And Oriental Semiconductor is now in a critical period of development. Relying on a steady stream of large-scale investments, it is rapidly catching up with established semiconductor companies such as Intel in technology.

In particular, Intel's development in recent years has not been very smooth. Its memory business was under siege by the low price of Japan's integrated circuit business. However, it was originally going to transform into the processor field, but suffered a tragic failure because of the early emergence of the Oriental Group and the r architecture.

Although Intel did not give up the processor market, but decisively gave up s (complex instruction set), instead joined the rs (reduced instruction set) camp, and pulled in a number of allies such as apple and sn to form a group to compete with the Oriental Group.

However, relying on the two major architectures of r and ps, Dongfang Group has established a strong advantage in the computer processor market. Therefore, Intel's development speed of the processor market is not satisfactory, and it can only turn a lot of energy back to memory comprehension.

During this back and forth, Intel not only lost precious time, but also slowed down the development of new technologies due to the decline in company profits and the erratic focus of its own research and development, so that Eastern Semiconductor Co., Ltd. caught up.

Orient Semiconductor initially started by taking processor orders within the Orient Group. But the orders it has now undertaken from other fabless semiconductor companies are basically the same as the internal orders of the Orient Group.

Hanging around in the field of competitive memory, Dongfang Semiconductor has also successfully grabbed a large market share. Especially in the low-end field, Dongfang Semiconductor Corporation relies on Taiwan's lower labor costs to compete fiercely with Japanese semiconductor companies.

In order to completely lay a solid foundation for the status of the world's number one semiconductor manufacturer, Dongfang Semiconductor started to invest on a large scale in both production capacity and technology. In this case, Orient Holdings, in the name of its major shareholder, loaned it $200 million in cash free of charge, with a repayment period of two years. As the saying goes, if you have food in your hands, don't panic! After Dongfang Semiconductor obtained the supplement of this fund, it suddenly became more confident!

So it is only in the two companies and Dongfang Semiconductor. Li Xuan needs to come up with more than $500 million in cash to stabilize the situation. And the most important source of this money is still Dongfang Game Company. This can also reflect the great role of Dongyou Company in the Dongfang Group.

Of course, the stock market crash didn't stop there. According to the "New York Post" estimate, the richest man in the United States, Mr. Walton, is only on "Black Monday". The added wealth is more than $2 billion. In Hong Kong, there are also media that help Li Xuan calculate his losses on the day of the stock market crash on October 19, and the total amount is even more than 30 billion Hong Kong dollars.

Of course, the reduction in wealth brought about by the fall in stock prices did not have much impact on Li Xuan's life. Because the vast majority of the stocks he holds are to better control these listed companies, he generally does not reduce his holdings in these companies. When the stock price rises back in the future, his losses will be fully recovered.

"Brother, I heard that you suffered a big loss this time. I will come back to comfort your injured heart!" Li Ying walked into the living room. Seeing Li Xuan sitting on the sofa, he wrapped his neck around his neck and said affectionately.

"It's still my sister, let me feel that there is true love in the world!" Li Xuan said perfunctorily without raising his head, and continued to tease the little baby in his arms. This is the second child Zhong Chuhong just gave birth to, and it has been three months. big.

"Xiao Shaomai, do you still recognize Auntie?" Li Ying laughed, then lowered her head and gave Xiao Buǎn a slight wave on her face in her grandma's arms.

"Yeah!" Xiao Shaomai still couldn't speak. Staring at a pair of big round eyes, he struggled a few times in his father's arms. Small glutinous rice balls, small glutinous rice, small bean buns, small simmered wheat, Li Xuan seems to be trying to eat food to the end.

"Brother, did you really lose a lot this time?" Li Ying asked again seriously.

"The newspapers almost describe me as bankrupt. Your brother, I seem like a desperate person!" Li Xuan shook his head indifferently and said with a smile.

This stock market crash caused heavy losses to many citizens in Hong Kong, but everyone's losses are only a drop in the bucket compared to the wealth evaporated by "God of Fortune Lee". And this kind of good news. Reporters from all walks of life naturally want to make a big hype.

Everyone has long been accustomed to the news of Li Xuan's various openings, making money faster than robbing a bank. Now at first glance, "God of Wealth Li" also fell over. Naturally very comfortable! And the news media naturally organizes articles as they can increase sales, so recently, all the Hong Kong newspapers have suddenly become the voices of despising Li Xuan.

Li Ying after a few months of adaptation and familiarity. Not long ago, he officially became the director of the Haichuan Foundation, replacing Zhong Chuhong, the second sister-in-law who had just given birth to his third child, and overseeing the operation of the foundation.

The Haichuan Foundation is a purely spending organization, and most of its funds come from personal donations from Li Xuan. If Li Xuan's career really encounters setbacks, it will be tantamount to experiencing a tsunami for the Haichuan Foundation. Therefore, in the past few days, some people in the foundation could not help but panic, and even Li Ying became a little unsure under the influence, and went home to find out what her brother said!

It can only be said that the impact of the stock market crash on Hong Kong society is really serious. From the rich and the common people, most of them suffered heavy losses. But the biggest drop in Hong Kong stocks was not on "Black Monday", but on the first day that Hong Kong stocks resumed trading after four consecutive trading days.

Investors in Hong Kong did not return to their senses after a four-day cooling-off period, as Li Fuzhao envisioned. On the contrary, the unconventional suspension of the Hong Kong stock market has intensified everyone's panic. After other securities markets, including U.S. stocks, gradually stabilized, the reopened Hong Kong stocks ushered in a more violent plunge again.

"I don't think the stock exchange's previous decision has been deviated, but the market failed to remain calm enough as we thought! Hong Kong's economy has continued to grow rapidly in recent years, and the profitability of listed companies such as Lu's Electronics is very high. Not bad, but these high-quality stocks also fell 25% in this round of irrational stock market crash!

I hope that the majority of investors can be more assertive and not be fooled by media reports and gossip that hear wind is rain! Of course, the Hong Kong stock market is still falling. As the chairman of the Stock Exchange, I must bravely stand up and take my responsibility!

On the 1st of next month, the stock exchange will hold a general election in advance, and I will not run for re-election myself! Of course, this stock market crash has also revealed that there are still many problems in the securities market. Our current leadership is also willing to create a fairer and more open investment and trading environment for all investors, and will work hard for this until the end before leaving office. One minute!

I am here to announce that the Stock Exchange will cooperate with Orient Group to carry out a comprehensive computerized upgrade of the existing trading system! In addition, in order to adapt to Hong Kong's positioning as the largest free trade port in Asia and a regional financial center, the Hong Kong Stock Exchange is preparing to open up a brand new Growth Enterprise Market in addition to the existing main board market!

The development model of many emerging industries is different from that of traditional industries, and they need more flexible financing channels! The new GEM company requirements will be significantly lower than that of the main board, and it is mainly inclined to support high-tech industries, which has already allowed more investors to share the huge dividends brought by emerging industries! "

The news of Li Fuzhao's meeting in the afternoon was playing on the TV. This is Li Fuzhao's first public appearance since Hong Kong stocks resumed trading. The amount of information at this meeting is really big~www.readwn.com~ First of all, Li Fuzhao said that he would give up his re-election campaign and planned to hold a general election meeting in advance, which is actually equivalent to Li Fuzhao announcing his resignation in disguise.

But even if he was about to pack up and leave, Li Fuzhao's strong personality remained unchanged. Moreover, as the outgoing chairman, he did not mean to spend the last few days in a low-key manner, but made a big move in one breath!

After Li Fuzhao learned that the Hong Kong Independent Commission Against Corruption was secretly investigating himself, he finally began to prepare a way out for himself, and it was naturally a very good choice for Jiliu to step back and put himself behind the scenes.

And he was not prepared to make his competitors feel better. Li Fuzhao suddenly held the general election of the stock exchange ahead of schedule, in order to catch the opponent by surprise. Now that there are only a few days left before the general election, it is not easy for foreign securities companies to launch a convincing candidate at once.

The number of members of Chinese-funded securities companies behind Li Fuzhao who support him is far more than that of foreign-funded securities companies, so he is fully capable of re-electing a person he is satisfied with in the next election.

In order to protect himself, Li Fuzhao also began to choose to cooperate with others, such as Li Xuan. With the influence of the Oriental Group in Hong Kong, if Li Xuan is willing to support him, even the Hong Kong government will have to vote against him! (To be continued.)