As September arrived, the world's attention was focused on the Iron Lady's tour of the East.
The once-dominant empire on which the sun never sets has long lost its former glory.
However, they still managed to regain their ground in the Falklands War with the help of the afterglow of the setting sun, but they also suffered heavy losses.
Just when the outside world thought that the tough Iron Lady would get what she wanted.
The spread of a photo shocked the world.
It also allowed everyone to see that the once-mighty British Empire had truly fallen completely.
When the Iron Lady walked out of the Great Hall, her face looked a little lost and haggard.
When going down the stairs, he seemed to be distracted and suddenly stepped on empty air and fell to the ground.
This drop caused the Hang Seng Index to plummet from 1,045 points at the end of August to 676 points in an instant.
The Hong Kong stock and property markets, which had already been exhausted, plummeted.
At this time, there was some bad news about Jianing Group.
With the news being reported by all major media outlets in Hong Kong, it spread to every corner of Hong Kong in an instant.
The Hong Kong Economic Times is one of the most authoritative economic newspapers in Hong Kong.
Its reports attracted the attention of countless Hong Kong people and pushed the Jianing Group to the forefront.
The headline on the front page was titled "The Story of Jianing Group's Billions of Dollars Market Value," and the article stated:
"As everyone knows, the Carrian Group has a market capitalization of tens of billions. Last year, according to its financial report, its profits even exceeded HK$2 billion, catching up to the profits of Hong Kong giant HSBC. This has made the Carrian Group a star enterprise in the eyes of countless people in Hong Kong."
"However, according to reliable sources, the reason why the Carrian Group has a market capitalization of tens of billions is actually because of various means such as bank loans and transfers from one hand to another to inflate the stock price."
"I have a piece of news to share with you. Everyone in Hong Kong is speculating that Carrian Group founder Chen Songqing has deep overseas connections. These rumors are, in fact, completely false."
"Chen Songqing's real overseas connections came from Malaysia's Yu Min Finance Company, and were also obtained through loans. In 1978, the Carrian Group purchased a piece of land in Yuen Long for HK$18.5 million, which they then mortgaged to Malaysia's Yu Min Finance Company, receiving HK$60 million in loans."
"In 1979, Carrian developed eight luxury duplex villas in Stanley. Each was priced at HK$8 million, a staggering sum – more than double the market price at the time. However, upon launch, they sold out in record time, instantly making the property a household name in Hong Kong."
"The buyers of these eight luxury duplex villas in Stanley are actually subsidiaries of the Carrian Group. Without careful investigation, who would have known this?"
"This is one of Chen Songqing's tactics. When ordinary people in Hong Kong read the news, they will think that the Carrian Group is extremely powerful."
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"Chen Songqing used this kind of 'snowballing' operation to acquire land and then refinance.
They obtained a large amount of funds from bank mortgages and then used the funds to purchase a large number of properties.
This in turn drove up the company's stock price, and the development of the Jianing Group skyrocketed.
The properties and buildings it owns have reached nearly 10 million square feet in a short period of time."
"But now, with Hong Kong's future uncertain and the stock and property markets plummeting, the overseas company, Yu-Min Finance, is preparing to withdraw its loan from the Carrian Group early. The amount of this loan is beyond imagination, estimated to exceed HK$4 billion."
"This is why the Carrian Group's market capitalization is worth tens of billions of Hong Kong dollars. It's almost all a castle in the air built through loans. Now, this castle in the air has been exposed in a storm. So when disaster strikes and the tide recedes, we will know who is running naked."
The report by the Hong Kong Economic Journal caused an uproar in Hong Kong.
Countless shareholders who hold shares of the Jianing Group find it hard to believe.
But there is a series of evidence listed in the article.
All of this shows that there are indeed big problems with the Jianing Group.
With major newspapers such as Sing Tao Daily, Oriental Daily, Ming Pao, Commercial Daily, and Hong Kong Economic Times competing to report on the event.
The true face of the Carrian Group was revealed to everyone in Hong Kong, and its stock price was halved.
At this time, a piece of news completely announced the death of Jianing Group.
More than 70 banks and financial companies, led by U-Ming Limited and HSBC, simultaneously announced that they would recall loans, completely spelling the death penalty for the Jianing Group.
After investigation, it was found that the Jianing Group owed a total of more than 10 billion yuan in debt to financial institutions such as Yumin Finance, HSBC, and Walmart.
Among them, the debt owed to Yumin Finance alone amounted to HK$4.6 billion, making it famous both at home and abroad.
Moreover, in 1981, there was a critical moment in the rapid rise of Jianian.
The sale of Golden Gate Building by Carrian Properties to Bai Ning Shun was never completed.
It was just a matter of transferring the Golden Gate Building from one hand to the other, reselling it to a private company under his name in exchange for a victory on paper.
As one of the creditors, Bankers Trust of the United States, applied to the Hong Kong High Court.
The once-prominent Jianing Group has officially reached the point of liquidation.
Six people, including former chairman of the Carrian Group, Chen Songqing, director He Guiquan, brothers Lin Xiufeng and Lin Xiurong of the Bai Ningshun Group, and accountants Bige and Lu Zhixuan, were also charged by the Hong Kong government.
They were accused of conspiring to make uncertain and misleading statements in Hong Kong.
This was a method of concealing the true profits, liquidity and financial situation of the Carrian Group, and deceiving the shareholders of the Carrian Group and creditors of various banking institutions.
Chen Songqing never dreamed that his Jianing Kingdom would be destroyed like this.
Everything happened so fast that there was no time to react.
Maybe I will spend the rest of my life in prison.
The people who suffered the most from the collapse of the Carrian Group were the Hong Kong shareholders who had always supported it.
The second is the payment of goods to the creditors of the Jianing Group.
These creditors also suffered heavy losses.
But after all, the losses can be made up by dividing up the industries of the Jianing Group, and it is still unknown whether a big profit can be made in the future.
You have to know that the Jianing Group owns nearly tens of millions square feet of land.
Most of them are located in the prosperous areas of Hong Kong, and land in Hong Kong is extremely valuable.
It has been on an upward trend, so it is too early to conclude whether it is a loss or a profit.
However, since some people lose money, others also gain. Mo Zhexuan, Li Guowei and others are undoubtedly the beneficiaries of Jianing's bankruptcy.
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