Rebirth Enchanted Xiangjiang

"Did you buy what I asked you to buy?" Qiao Feng called to Wang Jing and asked.

"Hey." Wang Jing slowly turned his head and smiled awkwardly.

"Not bought?" Qiao Feng asked.

"Ah." Wang Jing nodded.

"Why not buy it?" Qiao Feng was speechless.

"I'm scared." The conversation between the two of them would be inexplicable to others, but the two of them knew what they were talking about.

"What are you afraid of? Now you have a lot of good places to buy. When the next year's rise is almost the same, you can make back your previous losses." Qiao Feng said angrily.

"Then what if I meet another Carrian?" Wang Jing said with no confidence.

"Let me go, are you stupid, Carrian, you are buying stocks, and now you are buying a house to buy a property, can it be the same? Buying a house is yours, whether you lose money or make money depends on the market. , Even if you meet a company like Carrian again and you buy the house, how can the British Hong Kong government let you spit it out? Can it really be able to co-produce you after the return?" Qiao Feng gave Wang Jing a white look.

"But now everyone is selling properties, and some of them are buying houses."

"Without everyone selling, how can you buy the bottom at a low price?"

"What if, what if there is a call over there, or what if it is really communist?" Wang Jing pointed to the north.

"by."

...............

Hong Kong was a turbulent year in 1983. In fact, turmoil began two years ago. It became turbulent as the Sino-British negotiations on the return of Hong Kong began.

Hong Kong citizens are very hesitant, and the hesitation in life is second, the main one is economic hesitation, for fear of being communist.

Of course, this is actually a bit of a joke. First, the economic hesitation is due to the crazy property speculation, secondly, interest rates continue to rise, the credit of banks and financial companies is shrinking, and thirdly, there is a worldwide economic downturn.

The fourth and most important one is facing the problem of regression.

The main point of the return issue is the New Territories. According to the New Territories lease signed by the Qing government and the United Kingdom, the lease is 99 years, signed in 1898 and expired on July 1, 1997.

Why is the New Territories the main point? Because Hong Kong Island was permanently ceded back then, and the Kowloon Peninsula was also permanently ceded. Only the New Territories are leased and have a limited number of years.

When China wants to reclaim the New Territories in 1997, the Hong Kong Island and the Kowloon Peninsula must not be retained by the United Kingdom. It is not that they do not want to, but that they cannot.

Hong Kong is not a military protected place. In addition, most of the supply of water and food comes from the mainland of China, and the New Territories occupies 92% of the total area just imagined. Therefore, economically, and even by mutual agreement On the other hand, only returning the New Territories to China, keeping Hong Kong Island and the Kowloon Peninsula is not feasible.

Then there is a problem. It is getting closer and closer to being repossessed. How to calculate the number of years for buying land and property? Because the British lease period in the New Territories has more than ten years left, that is to say, the land sold in the UK can only be sold. More than ten years of authority. Buying ten years of land ownership is not as good as not buying, so the United Kingdom very much wants to extend the lease period in the New Territories.

In 1979, when Governor MacLehose visited China, he requested an extension of the lease term from a commercial point of view. Even if the lease term could not be extended, they wanted China to agree to their sale of the land lease in the New Territories beyond the 97-year period. The original term of the “New Territories” lease was stipulated. (June 27, 1997) The local deed was changed to "valid during the period under which the King of England controls this area", in order to achieve the purpose of obscuring the "97 limit".

However, China told McLehau that no matter what wording is used to extend the term of the land lease, it must avoid involving "the British regulatory issue."In September of the same year, Song, Assistant Minister of Foreign Affairs of China, replied that the British ambassador to China Kolida said that the Chinese government did not agree with the British proposal.

At this time everyone knows that the resumption of the New Territories is definitely a certainty. The key is that the land can only be bought for a period of more than ten years. The most important thing is that Hong Kong has begun to circulate the saying that the limit of 1997 is spread.

Then who would dare to buy this?

As a result, Hong Kong's real estate industry has quickly reached a downturn from its previous popularity. Then, as the British Prime Minister Thatcher stunned the world last year in front of the Great Hall of the People, Hong Kong's property prices and the stock market were falling. Then it crashed.

What happened to jump in property prices? The collapse of property prices in Hong Kong at this time and the collapse of the stock market are the most appropriate portrayal.

The Hang Seng Stock Index fell directly from more than 900 to more than 700, and then continued to fall. Real estate was even worse, with land prices generally falling by 40% to 60%. The biggest decline was industrial land and high-end residential land.The selling price of industrial land in Kowloon Bay, calculated in terms of floor area, fell from the highest level of 360 yuan per square foot in December 1980 to 25 yuan per square foot in October 1982, a drop of 93%.

The consequence of such a sharp drop is the real jump in property prices. Because of the failure of investing in stocks and real estate speculation, many people really chose to jump out of the building when they were overwhelmed.

For a long time, Hong Kong citizens had to avoid high-rise buildings on the road, for fear that they would jump down and kill themselves.

The stocks of many large real estate companies plummeted, and the losses in the real estates were quite serious.

Among them, the veteran real estate company Zhongjianian Real Estate broke out in a financial crisis in March this year and was forced to suspend trading in the stock market and announced its liquidation.

More shocking than the Carnian’s collapse was the collapse of the once-famous Carnian myth, that is, the real estate company selected by Wang Jing to speculate stocks.

Carrian only started to rise at the end of the 1970s, and the rise is unstoppable.

In January 1980, Carrian announced that it had cooperated with Zhong Zhengwen of the Zhong family to purchase the Golden Gate Building in Admiralty from Hongkong at a price of 998 million yuan. The building was purchased from Jardine Matheson for 715 million yuan a year ago. Entered.In September 1981, Carrian announced that it would resell the Golden Gate Tower to the Lin Xiufeng brothers' Bainingshun Group for 1.68 billion yuan, making hundreds of millions in profit in less than a year.

At this time, Carrian Real Estate became a shining star in the Hong Kong stock market, with a market value of 3.921 billion yuan at the end of 1981, becoming the fifth largest real estate company in the Hong Kong stock market after Land, Cheung Kong, New World, and New Land.

That stock was a new height in a day. In 1980, the Carrian Group became famous by Zhan Peizhong, known as the "gold medal maker" at the time, by manipulating the stock price to make its stock price soaring sixteen times (this practice is now illegal). At one time, it rose from one yuan to seventeen yuan and nine jiao in November 1980. For a while, it became a myth that stocks only rose but never fell.

It was at that time that Wang Jing entered the game. As a result, things are impermanent. After experiencing the "snowball" development, Caring failed to consolidate the achievements in time. It involved too many fraud elements in commercial transactions.

Following the complete collapse of the Hong Kong housing market and the stock market, Carrian’s main partner, Yida Investment, was liquidated last November. The chairman of the company Zhong Zhengwen absconded and left Hong Kong, leaving 2.1 billion yuan in debt and 1.6 billion yuan in other loan guarantees.In January 1983, three listed companies of the Carning Group were suspended. Then the Hong Kong police discovered that Caring’s debt to the main lender, Yumin Finance, was inconsistent with Caring’s accounts, and carried out a large-scale search.

After that, Carrian was suspended and liquidated, but many financial companies and banks were unable to recover the arrears, not to mention the minority shareholders who followed suit.

Wang Jing is one of the larger minority shareholders. He bought Carrian's 2.7 million shares, all of which were lost, and half of his net worth was gone.