Chapter 772 Xiangjiang 1980 (7K chapter, please subscribe~)

  In April 1980, Xiangjiang Chinese Tour!

  Chu Huan has been back to Xiangjiang for a few days. Although he came back for vacation, in fact, for Chu Huan, there are still many things in the group that need to be decided by Chu Huan.

   "Boss, this is an invitation letter from the Stock Exchange. The Fourth Council has decided to formally establish a joint company in July this year. You will be invited to attend their inauguration ceremony at that time!"

  Xu Yi first sent Chu Huan the first invitation letter!

It can be said that the four associations of Xiangjiang are full of various disputes among each other. From the earliest Xiangjiang Association, the Xiangjiang Association was the dominant one, then the establishment of the Far East Association broke the monopoly of the Xiangjiang Association, and then the Gold and Silver Association and the Kowloon Association The establishment of the company completely turned Xiangjiang's stock market into a mess.

  The former Financial Secretary Xia Dingji had repeatedly wanted to unite the Four Associations, but unfortunately, the progress has not been smooth.

   "It seems that the establishment of the Securities Brokers Association has promoted their joint process!"

  Chu Huan said with a smile.

Before 1977, the four major exchanges in Xiangjiang did not allow cross-exchange trading, but on August 24, 1977, Xiangjiang Association and Gold and Silver Association suddenly announced the start of "exchange exchange trading", which directly promoted This year, the Xiangjiang Securities Brokers Association was officially established, which promoted the merger of the four associations, strengthened the flexibility of the stock market, and provided investors with convenience in buying and selling.

Xu Yi nodded and said: "That's right, the four clubs have reached an agreement in private, and it will be officially announced in June, and will be officially listed in July to establish Xiangjiang United Exchange Co., Ltd. According to regulations, they Each of the four stock exchanges will send two representatives to the new stock exchange. The confirmed candidates are Mo Yingji from the Hong Kong Association, Li Fuzhao from the Far East Association, Hu Hanhui from the Gold and Silver Association, and Chen Pufen from the Kowloon Association. .

   As for the remaining candidates, I am still selecting, I think it will be announced in June! "

   Speaking of this, Xu Yi asked Chu Huan curiously: "Boss, does this mean the official end of the era of the Four Meetings of Xiangjiang?"

Chu Huan waved his hand and said, "It's not that easy. Although the Four Meetings merged into one company, they didn't work together. They still work on their own. When will they move the trading hall together? It has been merged, and now it is just a further test for them, which means that the previous four powers of the Hong Kong Stock Exchange have been merged into one, and there will definitely be a lot of competition in the middle!"

In fact, this is also the case in another time and space. Although the merger of the four exchanges took place in 1980, in fact, the real union of the four exchanges will wait until 1986. During this period, they have experienced, experienced In 1982, the negotiations between China and Britain on the future of Xiangjiang, the collapse of real estate and the stock market, the bankruptcy of Carrian Group and a series of corporate fraud cases exposed many major weaknesses in the supervision system of Hong Kong's securities market.

At the end of 1981, when Huo Liyi, the former chief executive of the London Stock Exchange, was appointed as the interim supervisory commissioner of Xiangjiang, the Times of London warned him: "For regulators, Xiangjiang is not a friendly city... Being able to make the most money in the shortest amount of time is considered admirable. Anything or behavior that prevents people from engaging in the above activities in an unreasonable way is frowned upon and ignored where possible its existence"

  Officially because of these incidents, it was not until March 27, 1986, after the Hong Kong stock market closed, that the Hong Kong Club, the Far East Club, the Gold and Silver Club, and the Kowloon Club officially announced their closure.

  The Xiangjiang Stock Exchange was officially opened under such an environment.

Therefore, the current merger of the four associations is only a formality for them. Simply put, in the past, only the Xiangjiang Association and the Gold and Silver Association could be traded in other places, but now all the four associations can be traded in other places. !

   It's that simple.

   But no matter what, the merger of the four clubs is still the most important thing in the business circle of Xiangjiang this year.

   "Boss, do you want to participate then?" Xu Yi asked Chu Huan.

  Chu Huan thought for a while, and said: "Tell them that I won't go to the merger ceremony, you can go there on my behalf, and I will go to their reception when the time comes!"

  Since the completion of the acquisition of Jardine and Landmark, Chu Huan has not participated in any dealings with the media in Xiangjiang, but the alliance of the Four Associations is a big event after all, and I still have to give them some face.

  Xu Yi nodded and said, "Okay!"

Afterwards, Xu Yi handed three more invitation letters to Chu Huan, saying: "The Regent Hotel in the New World and the Hopewell Center of Hopewell Real Estate are about to be completed. These are the invitation letters sent by the two. Please Boss, you participated!

  The last one is an invitation letter from Ye Han from Haojiang. His horse racing will open on September 6th this year, and I really hope that you can participate, boss! "

  The Regent Hotel is the main project of the second phase of the New World Center. After the completion of the Regent Hotel, it became one of the four major hotels in Xiangjiang at that time.

   Zheng Yutong later said in an interview: Strictly speaking, the Kowloon Regent Hotel and New World Hotel Center are the most satisfying work achievements for me.

   It is undeniable that the current prosperity of the Tsim Sha Tsui area is due to this whole building. Although the shopping mall is never empty, the two first-class hotels have elevated the area and the building to a level of elegance and affluence.

   Back then, when I planned the New World Center, it was like raising a child myself.

  I went to the United States to hire architects, communicated closely with them, and guided them to inject their professional design knowledge into my various requirements.

   For such a hotel, Zheng Yutong is naturally very concerned, and at the same time, he also hopes that his completion ceremony will be lively and lively.

  As for Hopewell Center, the completion of Hopewell Center actually means that Hopewell Real Estate has officially returned to the ranks of Hong Kong's first-class Chinese-owned real estate companies.

We must know that Xiangjiang directly started the stock market disaster mode because of the fake stocks of Hopewell Real Estate. Although Chu Huan helped Hopewell Real Estate in the later period, Hopewell Real Estate got through their difficulties more smoothly, but they still lacked a symbolic thing Let them prove their ability to make money to the citizens of Xiangjiang.

  The Hopewell Center is the landmark project of Hopewell Properties!

  In addition, in another time and space, the building height of Hopewell Center surpassed Kangle Building, becoming the tallest building in Xiangjiang at that time.

   But this time, although the building height of Hopewell Center surpassed Kangle Building, it still couldn’t compare with Chu Huan’s Chinese Walk, and now it can only rank second!

  As for the horse race held by Ye Han in Xiangjiang, the opening was indeed the brightest moment in Ye Han's life.

   On this day, on the magnificent horse racing track, the opening ceremony of the grand horse racing betting event was held. Many politicians, businessmen and celebrities from Hong Kong and Macau came to congratulate and join in the celebration. Yi Zhidi, the governor of Xin'ao, presided over the opening ceremony.

  15,000 carriage fans and spectators gathered inside and outside the arena. Taipa, which is sparsely populated on weekdays, was crowded with people for a while, and it was very lively.

But it was only this day. It seemed that he won the battle with He Hongshen, but in fact, He Hongshen took advantage of this incident and began to suppress Ye Han in Macao Entertainment. In the end, in 1982, Ye Han, Selling his shares in Aoyu to Zheng Yutong can be regarded as making up for Zheng Yutong's desire to become a casino tycoon.

Although Ye Han left Macau Entertainment, the operation of his Jockey Club was not smooth. Originally, according to Ye Han's idea, the annual betting amount of the Jockey Club should be at least 500 million Australian dollars, but in fact, In 1981, the total betting amount was only 130 million Australian dollars, and it decreased year by year. In 1982, it was less than 100 million Australian dollars. In 1983, it fell to 60 million Australian dollars. In 1984, it was 44 million Australian dollars.

  The business situation develops with an annual loss of 100 million yuan.

  According to the exclusive contract signed by Ye Han and the Haojiang government, if the total betting amount recorded by the computer is less than 150 million MOP per year, the gaming tax will be exempted.

  Since the horse-drawn carriage club opened, the total annual betting volume has never exceeded 150 million, so Ye Khan has never paid taxes to the government.

   Until the last horse race was held on January 30, 1988, Ye Han lost a total of 1 billion yuan.

   It can be said that the horse racing will cause Ye Han a lot of losses.

   "It's the same as the Four Associations United. Tell them that I won't attend their opening ceremony, but I will attend their reception!"

Chu Huan is the second largest shareholder of New World and Hopewell Real Estate. At the same time, when he was in North America, Chu Huan also promised Ye Han that he would attend the opening ceremony of his horse racing meeting, so it is necessary to show his face, but still In that sentence, forget about showing your face in front of the media!

  Xu Yi smiled and said: "These three will definitely be disappointed!"

  Chu Huan smiled and said, "If you are disappointed, be disappointed."

Xu Yi continued to report the situation in Xiangjiang to Chu Huan: "Boss, this is the plan submitted by He Bingguang, Qiao Yuehan, and Wen Mingzhang at the same time. They are all about the plan for the Hong Kong government to auction the former site of the Far East Financial Center on Harcourt Road. Do you see which group you want to participate in the bidding?"

   This is the downside of having too many companies under his control. As far as real estate is concerned, Chu Huan has three groups: Zhulu Real Estate, Hehe International-Wheelock, and Landmark.

  Now there is only one Harcourt Road Far East Financial Center, and all three groups want it.

  Chu Huan sat there and tapped on the desktop. This had become a habit of Chu Huan. When he was thinking about a problem, he could not help but tap on the table beside him.

"Zhenlu Real Estate is currently working **** the group's 10 billion apartment plan, Zhulu Commercial Center, and the renovation of several commercial buildings. Hehe International-Wheelock is busy with Whampoa Commercial Center. Landmark is busy with them. Landmark, while also cleaning up its liabilities.”

Chu Huan finally decided: "Let Zhulu Real Estate participate in the bidding. Now Zhulu Real Estate also has a lot of properties in Central. When He Bingguang wins the auction here, contact Cao Yunzu and ask him if it is possible to sell the current Zhulu Real Estate in Central. The properties are united to build a commercial circle similar to Landmark.”

  Xu Yi nodded and said: "Okay, I will inform you!"

Chu Huan nodded, and said: "In addition, inform Qiao John of Hehe International-Wheelock and Wen Mingzhang of Landmark, and tell them not to always focus on Xiangjiang. Now the size of our three groups in Xiangjiang is about to surpass that of Xiangjiang. We can’t hold us anymore, so tell them to look beyond Xiangjiang, and you are responsible for contacting the two of them, together with He Bingguang, to come up with a specific plan and report it to me when the time comes!”

Although in the future, Xiangjiang will have a lot of land for auction, especially the land used by the Exchange Square in Central, but no matter what, it is still too much for the three real estate-related groups of the Jiaku Department. crowded.

  So Chu Huan must let the three groups find more developable areas.

  Southeast Asia is now developing, and the most important area is Singapore.

At the same time, there is also South Korea. Starting from this year, South Korea will enter a period of rapid economic development. What's more, Chu Huan will go to South Korea at the end of May this year. If there is no accident, Chu Huan will buy their first For the seven chaebols, Dongming Timber, Chu Huan can use Dongming Timber, which is controlled by Sun Investment, to cooperate with Xiangjiang's industry.

  Xu Yi continued to speak: "Yes!"

After talking about this matter, Xu Yi continued to report on Xiangjiang's situation: "Boss, the exchange rate between the British pound and the US dollar has fallen to 1:1.65, and the depreciation rate has reached 48%. The news from Europe is that in the recent period Time to minimize trading between the pound and the dollar."

  Since 1977, the dollar has been depreciating. At that time, Chu Huan still made a fortune in this matter, but Chu Huan accepted it as soon as it was good, and did not earn the last penny.

  The continuous depreciation of the US dollar is now affecting the hearts of many people.

   "What is the current exchange rate between the US dollar and the Hong Kong dollar?" Chu Huan asked.

  Xu Yi replied: "The current exchange rate between the two sides is 1:9.6. If the Hong Kong government does not come up with a policy, according to the company's estimate, it will continue to fall!"

  In the early days, Xiangjiang followed the British pound exchange standard system, but from the late 1960s to the early 1970s, the British pound depreciated sharply many times, shaking the foundation of the British pound exchange standard system.

  On June 23, 1972, the British government announced that the British pound was free to float. On July 6, the Hong Kong government announced that the Hong Kong dollar would be decoupled from the British pound and pegged to the U.S. dollar.

   At this point, the pound exchange standard collapsed.

  However, it has not been long since the first peg between the Hong Kong dollar and the U.S. dollar, and the arrangements for issuing banknotes are also different.

  Because the U.S. dollar was also facing depreciation pressure at that time, the Exchange Fund needed a large supply of local currency to intervene in the market to maintain the fixed parity between the Hong Kong dollar and the U.S. dollar.

Therefore, the Hong Kong government stipulates that the note-issuing bank does not need to hand in foreign currency (mainly US dollars) to the Exchange Fund before issuing banknotes. Banknote bank accounts can be exchanged for certificates of indebtedness. The Exchange Fund uses these Hong Kong dollar balances to purchase foreign currencies in the foreign exchange market as preparation for issuance.

   In other words, this period was not a currency board system.

  By February 1973, the dollar depreciated by 10%.

  Although the Hong Kong dollar is pegged to the U.S. dollar, it has not depreciated accordingly. The official exchange rate of the Hong Kong dollar to the U.S. dollar has been adjusted to 1 U.S. dollar to 5.085 Hong Kong dollars.

  Until 1974, the international dollar hot money hit everywhere, and the appreciation pressure on the Hong Kong dollar increased.

  Although the volatility of the exchange rate had been changed from 1% to 2.25%, the Hong Kong government was unable to carry out large-scale intervention in the foreign exchange market due to too much hot money.

  Under the fixed exchange rate system, a large inflow of hot money caused an abnormal increase in the money supply and hindered the stable development of the economy.

  In view of this, after the decoupling of the U.S. dollar from gold on November 25, 1974, the Hong Kong government announced the decoupling of the Hong Kong dollar from the U.S. dollar and implemented a free-floating exchange rate system.

In the early days of the floating exchange rate system, Hong Kong’s monetary system was still stable, but in 1978, the Hong Kong dollar was under pressure of devaluation, and the Hong Kong exchange rate index continued to fall. In 1979, Hong Kong’s inflation began to become serious, and This led to the continued depreciation of the Hong Kong dollar.

   Waiting until 1982, the U.S. dollar will usher in a wave of substantial appreciation, and the Hong Kong dollar will naturally experience increased depreciation pressure.

   At that time, the exchange rate between the Hong Kong dollar and the U.S. dollar also changed from 1:9.6 at the peak to 1:6.49.

   Finally, in 1983, the Hong Kong dollar was re-pegged to the U.S. dollar, and the exchange rate was maintained at 1 U.S. dollar: the range of 8.15 Hong Kong dollars to 8.80 Hong Kong dollars.

   "The Hong Kong government will definitely take action, but it's not the time yet. Let's see again. According to my analysis, it will take two or three years before the Hong Kong government can come up with corresponding policies!"

  Xu Yi nodded and said: "Boss, do you think the dollar will continue to depreciate in the future, or will it bottom out and start to appreciate?"

  Chu Huan said: "It should have reached the bottom, I think the dollar should increase in value in the future!"

  Xu Yidao: "Then I arrange Dazhong International Investment to follow up on this matter?"

  Chu Huan said: "Yes, and notify our investment companies around the world to follow up on this matter."

  These investment companies are investment companies that Chu Huan uses to cooperate with political leaders from various countries, and Chu Huan has always personally designated part of their investment.

"clear!"

   "By the way, what happened to our shorting the BY market?" Chu Huan asked Xu Yi.

"It was already filled in March this year!" Speaking of this, Xu Yi was also amazed in his heart. This year's crazy is not only gold, but also silver. At the beginning of this year, the price of silver skyrocketed to 50.35 US dollars per ounce, an 8-fold increase in a year, but then the price of silver began to fall, and by March 27, it had fallen to 10 US dollars per ounce!

   In the early 1970s, the price of silver was only $2 per ounce!

  The investment companies in various regions of the world controlled by Chu Huan suddenly began to short the BY market when the silver price was at its craziest. Of course, this time they did not use leverage. After all, the BY market is not as huge as the gold market.

  More importantly, the skyrocketing market price of BY is caused by the crazy gambling of the Hunter family in North America.

  This family has already started to deploy the BY market in 1973, first buying silver spot in the Middle East, and at the same time buying silver futures in the futures markets of New York and Chicago.

  In December 1973, the Hunter family had purchased $20 million worth of silver spot and 35 million ounces of silver futures at a cost of $2.9 per ounce, making them one of the largest silver holders in the world.

  In the middle, although Mexico experienced the impact on the BY market, the Hunter family did not give up. At the same time, they also attracted the Saudi royal family to join their crazy plan. By 1978, the silver in the hands of the Hunter family had reached hundreds of millions of ounces.

  The price of silver also rose to $11 per ounce in 1979 with the help of the Hunter family in the BY market.

   Then the price of silver soared all the way, and it was also at the peak of the Hunter family.

However, under the operation of the Hunter family, they offended one force, and this force is the North American government. In addition, most of the money of the Hunter family was borrowed, so they soon faced a crisis .

  This is also the reason why the price of silver will fall back quickly after reaching its peak this year.

  However, after this, there are still a few games between the Hunter family and the North American government, but Xu Yi doesn't care about Chu Huan who has withdrawn from the BY market.

  Chu Huan asked: "How is the investigation on the vacancy rate of Xiangjiang housing that you were asked to investigate?"

Now it can be said that Xiangjiang’s real estate industry has been at its peak in recent years. At least at this stage, it is not clear that there will be any major changes in Xiangjiang’s real estate industry, but when Chu Huan went to Japan, he had already let him Xu Yi mobilized staff and began to investigate the vacancy rate of Xiangjiang houses.

  The smile on Xu Yi's face disappeared, replaced by a trace of worry, and he said: "The investigation has made it clear that the vacancy rate of houses in Xiangjiang is as high as 41.3%, and a large number of units are stranded in the hands of big and small speculators."

  Chu Huan nodded and said: "This data is already very dangerous. I believe the Hong Kong government will definitely have this data. I think it will be a matter of time before the real estate industry is downgraded."

   Then Chu Huan instructed Xu Yi: "Send our investigation and analysis to the real estate companies we have invested in, and I believe they will know exactly how to do it!"

Although the real estate group under Chu Huan's name no longer touches housing, Chu Huan has invested in several major real estate companies in Xiangjiang, but they are all engaged in housing. Chu Huan does not want them to lose too much. After all, they have lost, which also means Chu Huan will suffer losses!

   "In addition, inform He Bingguang of the competition, Qiao John of the peace meeting, and Wen Mingzhang of Hongkong Land to reduce the cooperation projects with Hong Kong real estate developers in the near future, and focus more on land reserves!"

  Xu Yi nodded and said, "Okay!"

   Then Xu Yi reported to Chu Huan the situation of each company, and it was already evening.

  Chu Huan also drove to Zhao Yazhi's villa. Cao Yunshang had already gone to Italy to preside over the final step of the acquisition of Gucci. At the same time, he also wanted to inspect the business of the Empire Fashion Group in Europe.

   And Zhao Yazhi has given birth to Chu Huan's second son, Chu Shipei.

  Compared to the sensation of Chu Shifeng's birth, Chu Shipei's birth is much more low-key.

  Although Chu Huan has arranged a professional nanny for Chu Shipei, Zhao Yazhi's parents still stay here to take care of him.

  Chu Huanzai came to Zhao Yazhi's room and saw Zhao Yazhi looking at Chu Shipei who was lying on the crib.

   "Asleep?" Chu Huan came to Zhao Yazhi and asked softly.

   "Well, I just fell asleep after eating!" Zhao Yazhi also said happily.

  Chu Huan nodded, and comforted Zhao Yazhi: "You have suffered during this time!"

  Zhao Yazhi shook her head with a smile and said: "It's not bitter, the little guy is actually quite sensible, plus there are nanny and mommy at home to take care of him!"

  The two sat on the bed and chatted casually. After a while, the nanny came in and took the little guy away. At the same time, someone delivered dinner to their room.

   "Brother Huan, TVB sent me a script today, I hope I can be the number one female in it!"

  Zhao Yazhi ate her confinement meal in pain, and preached to Chu Huan.

  Chu Huan said in dissatisfaction: "What happened to Liang Risi? I wonder if you are still in confinement? I sent you the script at this time?"

Zhao Yazhi laughed softly: "I don't blame Manager Liang for this matter. I called the TV station a few days ago. After staying at home for more than a year, I almost got sick from boredom, so I thought about waiting until the sitting was over." Confinement child, when you feel better, go out to work, otherwise you will really get sick from boredom.

   Besides, Manager Liang also told me that this script will not be launched until September and October, and it is sent now to let me familiarize myself with the script! "

  Chu Huan nodded and said, "No matter what, it's better not to tire yourself out. Besides, you don't need money now, so you don't have to go to work?"

  Zhao Yazhi said: "It's no fun to stay at home all the time, and it's okay to work once in a while. Brother Huan, don't worry, I know my own body!"

  Seeing that Zhao Yazhi had already made up her mind, Chu Huan didn't try to persuade her any more, she just said, "Okay, but before you go, the doctor at home must pass your physical examination!"

"Yeah!" Zhao Yazhi nodded with a smile, then thought of something, got up and took a script from the bedside where she was playing, handed it to Chu Huan, and said coquettishly: "Brother Huan, help me read this script How about it?"

  Chu Huan said with a smile: "I'm not a professional screenwriter, how can I understand whether your script is good or bad!"

  Zhao Yazhi said coquettishly: "Who in Xiangjiang doesn't know your ability to make up stories, Brother Huan, are you just helping me see!"

  Seeing this, Chu Huan had no choice but to accept Zhao Yazhi's script, and then saw the three big characters "Sheng Beach" written on the cover!

   Unexpectedly, this TV series found Zhao Yazhi after wandering around.

  Although he already knew the content of this TV series, Chu Huan watched it carefully for a while, and then said: "The story is good, it may become a blockbuster!"

  Hearing what Chu Huan said, Zhao Yazhi was even happier.

Chu Huan didn't really care about these so-called classics at this time, and said to Zhao Yazhi: "Tomorrow I will ask Xu Yi to customize a few RVs for you, and when you are tired from filming, You can also take a good rest!"

  Zhao Yazhi said with some worry: "Is this too exaggerated?"

In later generations, it is almost standard for stars to be equipped with RVs for filming, but now, the stars of Xiangjiang really don’t have this kind of treatment. Even on the set, only the director has a chair to rest, and everyone else just finds a good place to sit. It doesn't matter if you are the main character or supporting role!

  That's why Zhao Yazhi asked such a question!

  Chu Huan said with a smile: "Exaggeration? I don't feel it at all!"

   That night Chu Huan stayed at Zhao Yazhi's home, of course he did nothing, but in the middle of the night, the bedroom phone rang suddenly, it was Xu Yi calling!

   Also, correct the typo first and then change it, Huangshan continues to code~

  

  

  (end of this chapter)