Rebirth of the Great Entertainment Empire

v1 Chapter 561: landslide

djk31lj0qu0p5;k brought Monica Bellucci back to Neverland, only then did Xu Cun know that he had really missed the point this time. Monica Bellucci is really not the kind of woman Xu Cun thought she could easily push down, even if she didn't Nika Bellucci is already curious about herself. r

In addition, Xu Cun, who had been nervous for several days, was really tired because he had to make huge returns in this stock market crash. r

Therefore, it is rare for Xu Cun to spend a night without a woman's company.

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Hong Kong Time: October 20, Tuesday, when the market opens at 10:00. r

After holding an emergency response meeting to study, the Hong Kong Stock Exchange announced: In order to keep investors calm and clear the backlog of a large number of unliquidated settlements, the Stock Exchange will be suspended for four days. r

This announcement made many people feel quite stunned! At the same time, many investors applauded, believing that this was a wise and rational move that would put a stop to the vicious circle. In particular, the stock markets around the world plummeted. Japan's Nikkei average fell 3,836 points, London's Financial Times fell 250 points, and the Australian stock market plummeted 510 points. I am even more fortunate that this suspension of the market can allow myself to escape the catastrophe. r

During the four days that the market was closed, the news about the stock market did not quiet down due to the market suspension. The headlines of the newspapers of all sizes were inseparable from the stock market every day, and some newspapers even printed an external page with the number one. Time reports the closing of U.S. stocks. r

Wednesday. r

Stocks on Wall Street rallied 249 points, which inevitably led some to ask: Is a four-day shutdown too long? Will it damage Hong Kong's reputation as a financial center? r

At the same time, people in the legal profession began to attack, believing that the chairman of the Hong Kong Stock Exchange, Mr. Li Fook-siu, ordered the stock exchange to be suspended. r

In other words, Li Fuzhao began to face the pressure of public opinion. r

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Even so, Li Fuzhao still insisted on resuming market trading on next Monday, and thought that if the U.S. stock market resumed hastily due to a rebound in the U.S. stock market, will the U.S. market be suspended again if it falls again? r

In addition, Li Fuzhao also believes that if the market suspension was not wisely decided on Tuesday, the stock market would be full of corpses. r

As for the British Hong Kong government, it also made remarks in support of the practice of the Stock Exchange. Financial Secretary Chai Hak-shing said in the Legislative Council meeting: "The government believes that the decision to suspend the stock market for four days is very appropriate, and the government will not conduct a thorough investigation. Whether personal interests are involved in this incident." r

In addition to clearing the backlog of settlements in the stock market, keeping investors calm, and causing social controversy, the most serious thing is that the futures market is facing a crisis of collapse. r

Due to the importance and complexity of the issues involved, the British Hong Kong government even hired Hambros Bank Limited, one of the major commercial banks in London, as a consultant. r

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These four days of no stock and no market quickly passed. Every investor is in a bad mood. Everyone doesn't know what the market will be like on the day when the market resumes, and how should they deal with it? r

Before the resumption of the market, all parties have taken contingency measures. In addition to experts saying that the Hong Kong economy is performing well and the stock market should not fall further, the Association of Banks has also lowered the prime interest rate by 1% to 7.5%. to stabilize the market. r

October 26, 1987. r

On a sunny day, all social activities are as usual. r

Central is also generally busy, and it has not faded due to the stock market storm, but everyone who walks in Central seems to have a feeling that disaster is imminent, especially the mood of investors at that time, which is beyond description. r

Today's opening time is an hour later than the usual. r

At eleven o'clock, as soon as the market opened, there were only sellers in the city, but no buyers. Sellers jumped for sale. No one dared to stop the car and enter the market to buy goods. Blue chip stocks were the first to have sporadic buying orders. The price is the highest price of the day. r

Fifteen minutes later, the Hang Seng Index had fallen by more than 650 points. r

At 11:45, the market fell nearly 900 points. r

Then it rebounded slightly, but the Hang Seng Index still fell 845.04 points at the close in the morning. r

In the afternoon, the stock market situation not only did not improve, but it turned bad again. The market was sold off. The investors were all pessimistic. They liquidated their positions and entered the market. Investors sold for the sake of selling. Points, closed at 2241.69 points, a total decline of 33%, setting a record for the world's largest single-day decline. The spot futures index market fell to the limit four times. r

The next day, the Hong Kong Economic Journal reported the news on the front page, using the word "landslide" to describe the disaster of the stock market crash. r

Immediately afterwards, the British Hong Kong government announced a series of measures to save the market, including: exempting listed companies from the restriction on buying back their own shares, the Exchange Fund, Jockey Club, HSBC, etc. all entered the market to buy stocks, hoping to take the lead. r

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On the evening of October 26, the Hong Kong Stock Exchange held a press conference. r

During the meeting, a foreign reporter bluntly asked that no Chinese newspaper reporter dared to ask the same question whether the decision to suspend the stock market for four days is legal? Li Fuzhao was so embarrassed that he stretched out his right index finger and pointed it directly at the reporter's position. He angrily reprimanded the reporter in English. He also tapped his fist on the face to demand an apology from the reporter. r

"This is malicious slander!" r

"Say your name and I want my lawyer to record it!" r

"I'll give you a ticket now!" r

"Sue him, take him to the police station, send him to the police station!" r

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Other senior staff at the Stock Exchange tried to persuade Li to calm down, but they all failed. r

It was not until a group of reporters and TV video crews dragged the Australian reporter who asked the question half-dragging out of the conference room of the exchange that Li Fuzhao calmed down a little, and the reception also ended in a noise. r

Naturally, the matter cannot end here. On October 29th~lightnovelpub.net~ The South China Morning Post published an article titled Cancer is eating into the financial heart of Hong Kong on its front page, criticizing Li Fuzhao mercilessly. The suspension, saying the cancer has seriously damaged Hong Kong's reputation as an international financial center. Prior to this, Legislative Council member Lee Chu-ming even asked Lee Fook Siu to resign as chairman of the stock exchange for the wrong decision to close the exchange at the Legislative Council meeting. r

last life. r

At the end of this year, the stock exchange will be re-elected, and Li Fuzhao will only serve as vice chairman. r

Three months later, Li Fuzhao was arrested by the Independent Commission Against Corruption, accusing Li Fuzhao, as the chairman of the Stock Exchange, of illegally accepting shares placed by a newly listed company and profiting from it during the review of the company's listing. r

As a result, Li Fuzhao was convicted and sentenced to four years in prison. r

After being released from prison, Li Fuzhao settled in Thailand for retirement. r

Later, when Li Fuzhao was interviewed by the media, he recalled the legends and controversies he had experienced in the past. He quoted Su Shi's poem: Everyone adopts a child and wants to be smart, but I was mistaken for wisdom for life. r

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