Vicious dogs in Hong Kong, entrepreneurs practicing evil cultivation

Friday, July 23, 1973.

Suitable for: receiving money, encoffining, putting on mourning clothes, and setting up tents.

Avoid: weddings, moving, praying for blessings, and offering sacrifices.

…………

As it turns out, the loss was well-deserved.

International situation, economic growth, monetary policy, inflation, interest rates and exchange rates, employment data—there are too many and too complex factors that can affect the rise and fall of the stock market.

Therefore, stock trading requires constant attention to the news and analysis of when to increase, decrease, or go short in the market. To do this, one must at least be a "full-time employee".

In other words, salaried workers are not suited to stock trading, at least not for short-term trading.

however…

Although the stock market has risen over the past four years, especially with the Hang Seng Index doubling in the last four months, creating a group of people who have taken a break from their jobs to trade stocks full-time, the new batch of people who have taken a break from their jobs do not seem to care about the news.

The news agency, BBIN, exposes a fake stock scandal!

The stock exchange was so alarmed that it suspended trading, and the police rushed into the exchange, fearing a violent clash.

But as a result, the stock exchange was closed, so they went to "share brokerage shops" to buy and sell stocks.

Even as foreign capital frantically withdraws, even as banks tighten credit, even as listed companies lead the sell-off, even as those around them who are selling their shares are discussing fake stocks, these people still don't take it seriously.

As a result, the Hang Seng Index only fell by 40 points at the close of trading that day, which really left Chen Guanjiang dumbfounded. It was simply outrageous that they didn't lose money.

Subsequently, the Hang Seng Index fell 63 points on the second trading day and 72 points on the third trading day, with the overall Hang Seng Index dropping by 10%, before these investors belatedly realized what was happening.

Unfortunately, it was too late.

Hong Kong banks do not adopt fixed loan rates, nor do they use floating loan rates that are adjusted once a year; instead, they use "interest rate agreements."

The banking association uses the best lending rate as a benchmark and the market lending rate as the pricing basis, adjusting it as needed when facing market pressure.

When do you face pressure? Right now!

The sudden tightening of credit is like a noose around the neck of a vengeful ghost, invisibly trapping investors who have taken out loans to speculate in stocks, including everyone who is unable to repay in the short term.

For the first three days, it slowly declined, but on the fourth day it collapsed, with the Hang Seng Index plummeting to 1142 points, and countless riches vanished into thin air.

On the one hand, Chen Guanjiang was a beneficiary of this stock market crash, personally taking away HK$5.19 million and his company taking away HK$2 million in cash. It is no exaggeration to say that he was the sharpest sickle to harvest shareholders.

On the other hand, Chen Guanjiang pricked the bubble half a month in advance and locked up foreign capital such as the Hunt family and island and Southeast Asian conglomerates, greatly mitigating the losses of Hong Kong's economy and stock investors.

Right and wrong, merit and demerit, will be judged by others. Chen Guanjiang doesn't care about other people's opinions, he only cares about how much benefit he has gained from this feast and how much strength he has increased.

"Mr. Chen, we've arrived."

“…………”

The convoy arrived at the Mandarin Oriental Hotel. Chen Guanjiang looked up. The last time he attended the Hong Kong Antenna IPO meeting was in the banquet hall, but this time it was a private cocktail party in the penthouse suite.

The Mandarin Hotel, located at 5 Connaught Road Central, was built after the original Queen's House was demolished in 1963.

The direct translation of Mandarin is not "文华" (Wen Hua), but rather comes from the Portuguese term for "official language," indicating that the hotel's guests are all celebrities and political figures.

"Mr. Chen, how may I help you?"

"Mandarin Suite"

“…………”

The lobby manager clearly recognized Chen Guanjiang, but he didn't understand why Chen Guanjiang, with his status and position, would be invited to the cocktail party in the Mandarin Suite tonight.

However, the lobby manager did not dare to raise any questions and took the initiative to lead Chen Guanjiang to the Mandarin Suite on the top floor.

Two waiters pushed open the door. The party had not yet started, and people were chatting in twos and threes in the living room. When they saw the newcomers, they all turned their heads and were taken aback.

Since the "Horse Poisoning Case" was exposed in public at the "Opening Cup", there is no one in Hong Kong's Chinese community who doesn't know Chen Guanjiang.

However, Chen Guanjiang was in a critical stage of development and rarely appeared in public, so he did not recognize most of the people present.

After bowing politely and exchanging greetings, Chen Guanjiang walked into the inner room and handed over the invitation under the questioning gaze of the doorman.

Inside the room, the group of people who were talking were also taken aback when Chen Guanjiang entered. They inquired who had invited this outsider, while only the middle-aged British gentleman in the main seat revealed a mysterious smile.

Everyone turned their attention to Li Fushu and Li Fuzhao, because only the Li Peicai family was closest to him.

Li Fushu slowly got up and walked over, asking in a low voice, "Why are you here?"

"Uncle Zhao invited me!"

"Ah Zhao?"

"yes!"

Chan Kwun-kong explained with a smile, "Wasn't Uncle Siu inviting people from all walks of life in Hong Kong tonight to discuss how to save the market? As the chairman of the Kowloon Club, of course I received the invitation."

"The Kowloon Society...leader?!"

Li Fushu was immediately startled. He carefully examined Chen Guanjiang but could not see any hint of joking in him. After inviting Chen Guanjiang to sit down, he conveyed the message to everyone present.

Upon learning that the Kowloon Club had changed hands, everyone was astonished. Only HSBC General Manager Sir Michael Sandberg was not surprised by the arrival of Chan Kwun Kong, because he had already been surprised.

Since its inception, InfoMedia has always used HSBC's funds, and the movement of large sums of money naturally could not be kept from HSBC, including issuing 2.5 million new shares and taking away HK$2500 million from shareholders.

If HK$100 million suddenly flowed out of the company account, and it ended up in Chen Pufen's personal account, how could HSBC not investigate thoroughly?

Following Chen Pu's investigation, they discovered that the Kowloon Club had changed hands, which truly astonished the senior management of HSBC.

The merger of stock exchanges to end the chaos in the stock market is a foregone conclusion. In the future, Hong Kong will only have one joint exchange, and no new players will enter the market. It will definitely be a completely monopolistic industry.

Under these circumstances, how could Chen Pufen possibly give up the Kowloon Society? Unless Chen Guanjiang had a fatal weakness in him and forced him to relinquish it.

Of course, regardless of how Chen Guanjiang acquired the Kowloon Club, it is a fact that he used it as a springboard to become a financial tycoon in Hong Kong.

No! He's not just a financial tycoon; he's also involved in three money transfers.

One payment was transferred from a private account to Zhou Xinian to repay a debt of HK$5000 million and interest of HK$500 million.

Another transaction involved a HK$1000 million transfer from the company account of the Hong Kong Broadcasting Corporation, which is easily traced back to the acquisition of Zhou Xinian's 5% stake in TVB.

The third transaction, also from the Hong Kong Broadcasting Corporation's account, amounted to HK$6000 million, transferred in two installments to Hutchison Whampoa. The investigation revealed that it was used for the acquisition of a 20% stake in TVB and for loans.

That is to say!

Chen Guanjiang not only rose to become a financial tycoon in Hong Kong, controlling 25% of TVB's shares and Hong Kong's fourth largest newspaper, The Hong Kong News, but also laid the foundation for becoming a media mogul.

However, the Hong Kong government is planning to merge the four associations, and once the Kowloon Club is incorporated into the Stock Exchange, this "financial tycoon" will exist in name only.

Even though Chan Kwun-kong's shareholding in TVB is higher than that of Lih Hsiao-wo, he cannot obtain management control, and the so-called "media tycoon" is just a name without substance.

but…

This little mad dog has built up assets worth hundreds of millions from scratch in just six months. He has gone through many twists and turns and is no ordinary troublemaker. How could he be content to be a rich man in name only?

How to compete with the other three exchange chairmen, how to gain HSBC's favor and outmaneuver the three giants of wireless media, and ultimately reach the pinnacle of the securities and media industries—Smurf is eagerly anticipating Chan Kwun-kong's performance…