Chapter 406: Unable to fight back as a book friend of ZYZxbza
Many things are inevitable and random. In fact, most people know that the financial crisis is coming, but they think it is not yet time or it will take some time.
During this financial crisis, many tycoons lost everything. Zhao Hong saw in the news in the United States that the chairman of a certain company jumped from a building, and he still felt a little guilty!
This financial crisis is global. The U.S. stock market plummeted and spread rapidly around the world.
On October 19, the Financial Times Index in London fell by 183.70 points, or 10.8%, setting the largest daily decline in the British stock market.
Japan's Tokyo Nikkei Index fell 620 points on October 19, and fell another 3,800 points on 20 fl. The cumulative decline was 16.90%.
On October 19, the Hong Kong Hang Seng Index fell by 420.81 points, or 11.2%. On October 19 or 20, the stock markets in France, the Netherlands, Belgium and Singapore fell by 9.7%, 11.8%, 10.5% and 12.5% respectively.
, Brazil and Mexico stock markets plummeted by more than 20%.
It can be said that the economy of the whole world has been greatly damaged, but the Soviet Union and the mainland have not been affected at all. This is mainly determined by national conditions.
During the period when Zhao Hong was not in Xiangjiang, the stock market in Xiangjiang was not much better than that in the United States.
On Monday, October 19, the weather was fine, and the tranquil sky over Xiangjiang showed a refreshing blue color. The mood of the stockholders was as bright as the clear and clear blue sky.
However, from the moment the exchange opened for business at 10 a.m. that day, people's mood suddenly hit rock bottom, and the sky above seemed to no longer be pleasant blue, but turned into a scary and unsettling one.
of black.
As soon as the market opened, the strong selling wave was irresistible.
All blue-chip stocks opened lower, and other second- and third-tier stocks were also sold at low prices.
There seemed to be only sellers and no buyers in the market. At 10:15, the Hang Seng Index fell by 120 points.
By 12 noon, the index fell more than 100 points again, to 3524.64 points.
After the market opened at 2:30 p.m., the market continued to fall.
Those investors who heard about the plunge in the stock market during the lunch break chose to sell their stocks, and institutions also began to ship large quantities of stocks.
Within one hour after the market opened, the Hang Seng Index fell 185 points, and the decline was more urgent than in the morning.
There were fewer buyers and more sellers than that morning, and the stock market's plunge could not be contained.
At the close of trading, the Hang Seng Index fell to 3362 points, a drop of 420 points, a one-day drop of more than 11%.
At 8:30 in the morning on the 20th, one and a half hours before the stock market opened, the Hong Kong Stock Exchange held an emergency meeting. All members were present, more than 20 people in total.
Chairman Li Fook-siu said at the meeting that Hong Kong would inevitably be affected by the sharp drop in the U.S. stock market the day before, so he hoped to find ways to avoid the wave of global stock market declines.
After intense discussions, the meeting finally decided to suspend trading for four days in accordance with the power conferred by the provisions of the Rules of the Hong Kong Stock Exchange to "clear the backlog of transactions."
Zhao Hong knows that the suspension of the market is a big failure, which is a huge harm to Xiangjiang Economic and Financial, and it is unrealistic for them to try to avoid the economic and financial crisis through this method.
This measure is mainly a ridiculous decision made by a group of Xiangjiang tycoons who want to slow down and let their family adjust.
On the day the market resumed on the 26th, it fell by more than 2,241 points, with the stock price falling as much as 33%.
It can be said that Xiangjiang Economic Development is in a state of turmoil now, with tragic things happening every day.
Part of the reason why Zhao Hong came back was to prepare to rescue the market. At the moment, he still wanted to acquire good industries.
When he was in the United States, he also received a call from the company saying that Kerkorian wanted to buy MGM.
Kerkorian is now completely panicked. He took advantage of all kinds of things some time ago, and now he feels regretful. It’s not like there weren’t other companies that wanted to buy MGM some time ago, but he just realized that DreamWorks needs him.
The company wants to make a serious fortune.
Now he wants to cry. He also invested in the stock market, but now those stocks are just a pile of waste paper, which is too thick to be used as toilet paper.
Kerkorian feels that he is so unlucky. He estimates that he will sell off MGM in August. If that were the case, he would not be so passive now!
This time he asked for 800 million U.S. dollars as soon as he asked. As long as it was cash, it should be settled after another discussion. Zhao Hong did not want to make a counter-offer, but it would be good to lower the price. Who would let him suffer?
Corian is so angry!
On the day Zhao Hong came back, Zhao Hong was invited by the Hong Kong Governor to discuss matters. The main reason was that she wanted DreamWorks to enter the market. During this period, the Hong Kong government also invested one to two billion US dollars to rescue the market.
However, there are no eggs!
Now he is panicking. Although he has not done anything good since he came to power, he still hopes to maintain his main dignity.
He took office in April this year, when Zhao Hong was still filming his movie in the mainland!
Therefore, I did not participate in this inaugural event, but my father and sister did. It was not interesting, it was just a lot of official language, and they just had to eat and drink.
In fact, Zhao Hong was not the only one to be invited. Anyone with a good reputation in Xiangjiang was also invited.
Zhao Hong and her elder sister attended this event together. When they arrived at the banquet, they saw a group of tycoons arriving.
"Niece, niece, why are you here now? You are the only ones left for the banquet." Li Zhaoji came over to say hello when he saw Zhao Hong and his elder sister.
"Haha, Uncle Li, my nephew just came back from the United States, and he is still very busy!" Zhao Hong said with a smile.
Li Zhaoji's eyes lit up when he heard that Zhao Hong had come back from the United States, and he said in a somewhat unwelcome manner: "Xiannephew, what are you doing here? You don't know that my uncle has been worried to death during this period. You don't know that the stock market has changed from yesterday to today."
But it made me not even in the mood to eat."
Zhao Hong didn't believe that he, an old fox, was unprepared. He was probably the driving force behind the suspension of the market a few days ago.
Moreover, Henderson Land Development has been developing rapidly in the past few years. Both he and Li Chaoren are the kind of people who like a lot of cash flow. Therefore, this stock market crash may be a disaster for many real estate developers, but it is also a disaster for him.
An opportunity to grow and develop.
"Nothing, I want to buy MGM, the eighth largest company in Hollywood! I just went to check it out on site." Zhao Hong did not tell him the truth.
As long as these old foxes reveal the slightest bit of information, they will know roughly what he is doing.
Fortunately, this wave of operations was not carried out in Xiangjiang, otherwise I would have known about it long ago!
Zhao Hong then greeted Zheng Jiachun, Li Chaoren, Bao Daheng and others. Now that most of the Zheng family's properties have been handed over to Chun Guan, Zheng Yutong will no longer participate in these activities.
It can be said that the people who came were all the most powerful people in Xiangjiang, and Zhao Hong also saw Kadoorie coming.
Now he is very worried. In the United States, Liang Botao is responsible for stock market operations, and in Hong Kong, Yuan Tianfan is responsible for the affairs of the Xiangjiang Hotel.
During this period, this incident has attracted the attention of the media in Hong Kong. It is a bright spot in the midst of widespread lamentations.
You must know that DreamWorks has been planning for this acquisition for a long time.
The takeover war has been going on since yesterday, and Kadoorie was immediately stunned.
What kind of operation is this!
"Sheng Zhao, I wonder if we should find time to talk." Kadoorie said a little anxiously when he saw Zhao Hong.
Only now does he realize that his holding in Xiangjiang Hotel may not work!
sad!
It can be said that this is poaching his flesh. In normal times, it would be easy for him to borrow money from Kadoorie, but what a coincidence is that at this critical moment, many familiar partners are
Too busy to take care of yourself.
As for the bank, it is even worse. Now it can only watch DreamWorks acquire the shares of Xiangjiang Hotel, and he has no countermeasures at all.
Chapter completed!