Cheng Huimin has been feeling quite complicated these days. Seeing his relatives, friends and younger brothers making a lot of money, he feels a little unbalanced.
Since the return, everything in Xianggang seems to have only one direction: rise, rise, rise!
The increase in food and clothing prices is still controllable, but the prices of houses and stocks seem a bit uncontrollable and keep rising.
No matter what stocks or houses, as long as you buy them, they are money.
All his friends, relatives and younger brothers had rosy faces and looked wealthy.
Although he had advised them, no one listened to him, which made him hesitate.
Cheng Huimin was feeling anxious and itchy.
Working in industry won’t make money as quickly as working in stocks and real estate.
He felt a little regretful that he should not have listened to Wan Feng. If he had speculated at the beginning, he would have made at least tens of millions by now.
Seeing that the Hang Seng Index was about to rise to 16,500 points, Cheng Huimin was struggling with his conscience and was hesitating whether to enter the market.
But on August 14th, everything came to an abrupt end.
The stock stagnated and then began to turn downward.
Many people believe that this is a normal stock market adjustment, and those who have not yet taken action to stop losses are waiting for the next wave of more violent rise.
However, this adjustment has never been reversed, but the downward momentum is not that strong, falling a little today and a little tomorrow.
By the end of October, the attack on the Hong Kong dollar came, and about 100 billion Hong Kong dollars were sold by speculators in the New York foreign exchange futures market.
Xianggang has only one response: buy up all the Hong Kong dollars sold by speculators, and at the same time tighten the loans issued to banks in Xianggang, raise interest rates in the entire market, and thereby increase the cost of borrowing Hong Kong dollars for speculators.
Faced with high borrowing costs, international speculators gave up.
Although this move increased the difficulty for speculators to borrow Hong Kong dollars, it also increased investment in the Hunan-Hong Kong stock market due to the increased interest rates, causing some funds to leave Hunan-Hong Kong.
After the Monetary Authority of Singapore responded on October 21, the stock market responded immediately.
On the 23rd, the stock market was hit by a wave of selling. The Hang Seng Index, which had not fallen too much before, plummeted 1,211 points, a drop of 10.4%.
On October 28, the Hang Seng Index plummeted another 1,438.31 points, with a daily drop of 13.7%, closing at 9,059.89 points.
From August 14th when the stock market began to turn around to October 28th, in two months, the Hang Seng Index fell from more than 16,000 points to a little over 9,000 points, a drop of nearly half.
The Hong Kong stock market looks like a vast grassland.
Cheng Huimin broke out in a cold sweat and secretly thanked the lucky person for not rushing in. If he had entered the stock market and failed to get out in time, this wave of losses would not only wipe out all the money he had earned in the early stage, but he would probably even lose his original capital.
Wan Feng is really an amazing guy. He was not fooled. The price would fall as he said it would.
He felt ashamed for doubting Wan Feng's words.
As the stock market fell, real estate prices followed suit, with a drop of more than 10%.
The decline in real estate prices is still relatively slow. From now until 2003, the decline will be as much as 70%.
At this time, Quantum Fund was harvesting Southeast Asia and had not yet taken into account Hunan and Hong Kong.
But it was indeed they who attacked the Hong Kong dollar.
By attacking the Hong Kong dollar, they forced the Hunan-Hong Kong Monetary Authority to raise interest rates, and took advantage of this to short-sell the Hunan-Hong Kong stock markets to make a profit.
Therefore, after the Hong Kong stock market plummeted on October 28, Quantum Fund began to build large positions in bearish Hang Seng Index futures contracts, accumulating a large amount of short positions, preparing to short the Hong Kong stock market in one fell swoop.
Index futures are futures contracts based on an index. Investors can bet on whether the Hang Seng Index will rise or fall at a certain point in the future. Regardless of whether it rises or falls, investors can profit if they bet correctly, while losses can occur if the opposite is true.
According to the regulations of the Hunan-Hong Kong Clearing Center, for every one point the Hang Seng Index falls, investors holding short positions will receive a profit of HK$50 from each contract.
By August next year, when the time is ripe, the international speculators of Quantum Fund have already built up a huge short position and are ready to reap the profits.
But that is next year's matter, and Wan Feng doesn't have time to worry about it.
At this time, his family was in a festive mood.
The reason for the joy was that Zhang Xuan was finally confirmed to be pregnant.
It is only roughly estimated that she was conceived in August.
The whole family was happy that Zhang Xuan was pregnant, and Wan Feng was also happy. He was ready to be a father for the second time.
If it is a son, he will be named Wan Chonglang.
The eldest brother is Wan Chongyang and the second brother is Wan Chonglang, how easy it is to say.
If it's a daughter, then you can't call her "lang". Is it appropriate to call a girl "lang"? It already has an improper attribute.
I haven’t decided on a name yet.
The person who was most happy about Zhang Xuan's pregnancy was naturally Luan Feng, because this way she could come back early.
She now finally understood the feeling of Zhang Xuan hiding behind her and doing things secretly, so she hugged Zhang Xuan and bit her twice.
Zhang Xuan silently touched the place where Luan Feng had bitten her: "Did you brush your teeth?"
“I brushed it last year!”
Wan Feng felt tired: they have learned another of my quotes.
Now that the crime of hooliganism has been completely abolished, it is only natural for Luan Feng to live in Wan Feng's house.
The people of Jiangwei seemed to finally understand that Boss Wan had two wives!
Immediately, Wan Feng's already majestic image became even more majestic, and countless men were envious and jealous.
Of course there are also those who resent it, why can’t I have two wives?
Wan Feng felt that a considerable number of Jiangwei's bosses were eager to try, so he had to come out and dispel the rumors.
It is a fact-proven truth that men become bad when they have money.
There are plenty of wealthy men. Haven’t you seen that prostitutes have appeared in some restaurants?
This shows that there is already a demand in this regard.
Jiangwei has strict controls here. There aren't many prostitutes in such a prosperous place, and they still do things secretly.
There are many restaurants doing this in places like Wu Lu, Hei Jiao and even Gu Shan, and they are much bolder than the people here in Jiang Wei.
This is also the period when various diseases are most prevalent.
Advertisements for various veteran military doctors began to appear on telephone poles, and this type of advertisement lasted for more than ten years.
Wan Feng felt that he should say something.
Bosses of Jiangwei, you can have your own ideas, but don't act rashly. I don't care if you secretly find a mistress, but if you want to be like me and have two wives at home, you'd better be cautious. That way, he will become the worst example, and there will be hundreds of women in Jiangwei who will hate him to the core.
Once a woman becomes angry, it can be a very dangerous thing. Sometimes women do things without considering the consequences.
"Although Luan Feng lives in my house, she comes to take care of her son because she is worried about him. We don't sleep together at night, so don't get the wrong idea." Wan Feng made a solemn statement. He had no control over whether others believed it or not.
Can people who don’t believe come and eavesdrop?
They live on the third floor, and they need to have a very long neck to listen to the wall.
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