With the passing of the Asian financial crisis, the global economy has recovered, and the Mainland economy has developed rapidly. Rich Mainland people like to go to Xiangjiang, and they are all descendants of Yan and Huang. There has been a craze for wealthy Mainland people to buy houses in Hong Kong. A wave of immigrants from the Mainland has poured into Hong Kong, leaving little land for people. In Hong Kong, where there are many housing prices, it is inevitable that housing prices will soar, with housing prices of 100,000 Hong Kong dollars per square meter becoming the starting price.
It is normal for a family of three in Xiangjiang to live in a house of 10 square meters or 20 square meters. Only the rich and celebrities can afford a large flat floor of 100 square meters. Only a rich man like Li Chaoren is qualified to own a large villa of several hundred square meters. .
In the previous life, the four major families in Xiangjiang all started and developed by real estate, and almost monopolized the price of real estate in Xiangjiang.
Selling land use rights and collecting annual government rent have become the main sources of finance for the Hong Kong government.
If housing prices are high, young people will be jealous if they cannot afford a house.
It is better to buy real estate stocks than real estate!
Sun Jian already has stocks in blue-chip real estate stocks such as Yangtze River Holdings, Henderson Land Development and New World Properties with a market value of more than 40 billion, and he does not need to worry about entering the Xiangjiang real estate market.
The market value of Sanxin Real Estate Group soared to the fifth place among listed real estate stocks last year. Sun Jian did not want to lose Long Wangshu. The ability to maintain this position depends on the skills of Gao Fuquan and others.
Sanxin Real Estate Group not only has construction companies, real estate companies, property companies, building materials companies, etc. in Xiangjiang, but also has a 3-star and a 4-star Sanxin Hotel. Sun Jian is not worried about Shunyuan Garden Center and Shunyuan Hotel. management.
The unfinished building in Dewang Center was recommended by Mr. Zhuang personally, so Sun Jian did not hesitate.
In Xiangjiang, where land is precious, the 55-story Shun Yuan Hotel overlooks Victoria Bay. The management and outstanding employees of Taobao Holdings went to Xiangjiang to recuperate at public expense or travel at their own expense. There were also shareholders' meetings of pENG and tcG, and there was also a good meeting. place.
Xiangjiang is prosperous and stable, and Sun Jian is also one of the biggest beneficiaries.
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On September 3, the national flood fighting and rescue struggle achieved a decisive victory.
Floods that occurred in the Yangtze River, Songhua River, Nen River and other river basins caused direct economic losses of more than 250 billion yuan, with Gan, Hubei, and Hunan provinces being the hardest hit.
Domestic and foreign companies and people voluntarily organized activities to donate money and materials, and donated enthusiastically.
"On behalf of the Kunpeng Student Aid and Poverty Alleviation Foundation, I will donate 20 million yuan for the final reconstruction to build 20 Kunpeng Hope Schools."
On September 11, Bi Xiaoyun, vice president of the Kunpeng Student Aid and Poverty Alleviation Foundation, handed a check of 20 million yuan to Minister Wu of the Ministry of Civil Affairs.
"Thank you, Vice President Bi!"
Zhang Jilin, President of Kunpeng Software Group, donated 20 million yuan for the final reconstruction on behalf of Kunpeng Software Group.
On behalf of Sugon Communications Group, Wang Xienian, President of Sugon Communications Group, donated 20 million yuan for the final reconstruction.
On behalf of Taobao Electric Group, Liu Min, President of Taobao Electric Group, donated 20 million yuan for the final reconstruction.
Zhang Bin, President of Shunyuan Real Estate Group, donated 20 million yuan for the final reconstruction on behalf of Shunyuan Real Estate Group.
He Minghong, president of Xinghuo Building Materials Group, donated 10 million yuan for the final reconstruction on behalf of Xinghuo Building Materials Group.
Li Guoliang, President of Guozhi Semiconductor Group, donated 10 million yuan for the final reconstruction on behalf of Guozhi Semiconductor Group.
Lin Qifeng, President of Sugon Automation Group, donated 10 million yuan for the final reconstruction on behalf of Shuguang Automation Group.
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On September 2, the Hong Kong Stock Exchange announced after the market closed that it would suspend short-selling activities in these four securities due to the failure of certain transactions in tcG, HSBC Holdings, Hong Kong Telecom and China Telecom to complete delivery as scheduled.
On September 5, the president of the Hong Kong Monetary Authority reiterated that Hong Kong will not implement foreign exchange controls. In order to maintain the linked exchange rate, the Hong Kong Monetary Authority launched seven technical measures to consolidate the currency board system: Provide a weak-side exchange guarantee for the aggregate balance, that is, the Financial Management Bureau The bureau guarantees that when the Hong Kong dollar weakens to a specified level, it can convert Hong Kong dollars into U.S. dollars at a fixed exchange rate; it adjusts the discount window mechanism. The discount window refers to the mechanism for banks to sell securities to the HKMA to borrow Hong Kong dollars from the HKMA overnight. During the process, the two parties agreed The bank will repurchase the securities at an agreed price and date...
"Cunning Chinese!"
Robert reported to Soros immediately.
"Julian, this is not good for us."
The savvy Soros had a bad premonition.
The bad news keeps coming.
On September 7, the Hong Kong Monetary Authority promulgated new regulations on foreign exchange, securities trading and settlement, including restricting short selling, increasing margins, lowering the threshold for declaration of warehouse receipts, shortening the delivery period and other policies that are unfavorable to international speculators and restrict the speculative activities of international speculators.
At the close of the day, the Hang Seng Index soared 588 points, or 7.21%, to close at 8,226 points, reaching the 8,000-point mark again. Both the number of points and the percentage increase were the third largest increase in Hong Kong stocks in 1998.
After the market closed, the Hong Kong Financial Secretary Zeng announced 30 measures to tighten discipline in the Hong Kong securities and futures markets. These 30 measures are designed to be implemented by the United Exchange, the Futures Exchange, the Heung Kong Central Clearing Company Limited, the Securities and Futures Commission and 5 agencies including the Financial Services Bureau.
On September 8, the price of the September Hang Seng Index futures contract rose to 8357 points. The futures contracts rolled over at the end of August had to be liquidated and exited. Each futures contract would suffer a loss of HK$40,000. Soros and Robert saw that the situation was over and lost their money one after another. He abandoned his armor and fled.
John Meriwether, the president of Long-Term Capital Management (Ltcm), has long been unwilling to fight. Due to the use of high leverage of up to 66 times, each point of fluctuation will generate a potential profit and loss of 60 million US dollars. As of the end of August, Ltcm was in 1998. It has lost US$1.9 billion, and the portfolio retracement has reached 52%.
It is rumored that international speculators such as Quantum Fund, Tiger Fund, and Ltcm shorted the Xiangjiang financial market this time, resulting in direct losses of more than 3 billion U.S. dollars and indirect losses of approximately 5 billion U.S. dollars.
On the evening of June 8, Sun Jian breathed a sigh of relief after reading the after-hours investment analysis report written by Li Dong and Chen Huamin on his home computer.
Returned to Jiangcheng on the afternoon of the 6th.
The blue-chip stocks worth more than HK$60 billion purchased by htIc during the market rescue period went from a loss of HK$3.6 billion to an appreciation of more than HK$6.2 billion, with a total profit and loss of nearly HK$10 billion.
Half sea water, half fire!
On September 1st, at the average price of 7570 points in the Hang Seng Index futures, I invested HK$500 million, added 10 times leverage, and went long the September contract of the Hang Seng Index futures. As of today's closing point, in more than a week, the profit on the account was as high as 5.85 More than HK$100 million (including transaction fees).
Reading between the lines of Chen Huamin's words, I was filled with admiration.
Sun Jian's largest investment now is in blue-chip stocks on the Hong Kong Stock Exchange. He plans to invest in the long term. When the time comes to cash out, how much will the investment of more than 60 billion Hong Kong dollars turn into?
Although he knew that Soros and others would not achieve good results by switching positions in the September contract of Hang Seng Index futures, because he did not know about this in his previous life, htIc was heavily invested in blue chip stocks and was still a little worried, but from the 8-day investment written by Li Dong and Chen Huamin In the analysis report, when I saw these words and data for the first time, a stone in my heart finally fell to the ground.