Hong Kong repelled the financial giants led by Soros, the Southeast Asian financial crisis completely subsided, and the economies of Southeast Asian countries entered a stage of comprehensive recovery and development.
The economic reconstruction amidst the ruins shows unyielding vitality.
In time, it is worth looking forward to a return to the economic prosperity of the past.
As of early December
Hong Kong's Hang Seng Index crossed the 10,000-point mark and returned to 12,000 points. It originally entered the market at the bottom of 6,300 to 6,500 points. The Hong Kong government and the Wang Consortium, which were long in the Hang Seng Index, both benefited a lot and posted large surpluses.
Thanks to the full support of the mainland, Hong Kong's various economic indicators and re-export trade volume have increased rapidly. In a short period of time, Hong Kong has got rid of the haze of the financial crisis and has regained its status as an economic top student in Asia.
During the retaliatory rise of the Hang Seng Index, listed companies under the Wang Consortium became the leading gainers, driving the consortium's concept stocks to soar across the board, which was a dazzling sight.
In addition to red-chip stocks and blue-chip stocks, "King of Wealth Concept Stocks" have emerged, leading the Hong Kong stock market to gain momentum across the board.
Among them, the "King of Wealth Concept Stock" performed particularly well.
The market value of Shanghai Hotel Company surged 114% from HK$37.2 billion to HK$79.6 billion.
The market value of Swire Pacific surged 91% from HK$266 billion to HK$508 billion.
The total market value of Swire Shipping surged 231% from HK$16.35 billion to HK$54.1 billion.
The total market value of Swire Trading surged 183% from HK$15.121 billion to HK$42.792 billion.
The market value of Cathay Pacific Airways surged 143% from HK$57.5 billion to HK$100 million.
The market value of Wheelock Properties surged 89% from HK$63.6 billion to HK$100 million.
The market value of Port Machinery Engineering Co., Ltd. surged 151% from HK$21.7 billion to HK$54.467 billion.
New World Communications' market value soared 352% from HK$3.34 billion to HK$15.097 billion.
The market value of Hong Kong and China Gas Company surged 46% from HK$112.2 billion to HK$163.8 billion.
The market value of Hong Kong's China Electric Power Company surged 57% from HK$89.8 billion to HK$100 million.
A large part of the factor here is value regression.
Stocks listed on the Stock Exchange were severely targeted and suppressed by international hot money during the financial turmoil, and their stock prices were severely underestimated. The market is correcting its mistakes with invisible hands and returning to true value.
The retaliatory rebound was fast and fierce, and the lost ground was quickly recovered amidst cheers. Some "God of Wealth Concept Stocks" performed particularly well and were unanimously sought after by market participants.
Unsurprisingly, Swire Holdings topped the list of stocks and became the company with the largest market capitalization on the Stock Exchange.
Its market value far exceeds that of established companies such as Cheung Kong Holdings, Hutchison Henderson Land Development and New World Properties, making it a well-deserved leader in the Hong Kong real estate industry.
This situation
People can't help but think of HSBC, which was recently delisted. This old multinational bank has been the company with the largest market capitalization on the Hong Kong Stock Exchange for many years.
Now reborn
If it returns to the market, I wonder what kind of amazing performance it will have?
This scene in Hong Kong is repeated over and over again in Southeast Asian countries hit by the financial crisis, as well as in Japan, South Korea and other countries.
In the last quarter of 1998, the rapid growth of the stock market, foreign exchange market, and real estate market seemed to be the main theme. While recovering and rising, it stimulated the enthusiasm of more and more investors and attracted foreign funds to invest in it.
essentially,
Compared with the European and American markets, company valuations and price-to-earning ratios in Southeast Asia are generally lower. This is a value depression that is indeed worthy of further exploration.
1995, just three years ago
Microsoft's market value was US$45.2 billion, which had increased nearly six times by the end of 1998;
According to n latest report;
Microsoft surpassed GE to become the world's most valuable company, with a market value of US$268 billion.
General Electric performed equally well, temporarily ranking second with a market capitalization of US$259.5 billion, which also increased more than four times compared to three years ago, bringing investors generous returns.
After reaching its peak, Microsoft lost the favor of investors for a while.
This is because Microsoft's Windows operating system constitutes a monopoly and uses disgraceful means to suppress competitors and restrict competition.
At the end of 1998, bad news kept coming.
Regulatory agencies around the world have taken resolute antitrust litigation measures against Microsoft's monopolistic behavior, including EU member states Britain, France, Germany, Spain, the Netherlands, the United States, Russia, Brazil, etc., and they are enemies almost everywhere.
From the current point of view
The troubles Microsoft is facing are getting bigger and bigger. The tiger skin of the United States is no longer working, and there is a fire in its own backyard.
Competitors have launched antitrust lawsuits in 11 states in the United States, including Yahoo, Amazon.com, YouTube websites, photo galleries, etc.
It can be said that among the competitors who have a fire in the backyard, Wang Yaocheng is definitely the main force.
Because Microsoft is so disgusting. If you build a photo gallery website to provide graphics services, they will build one. If you build an Amazon website to sell books, they will also build an Amazon website. They will use their monopoly position on desktop systems to compete.
Microsoft has money anyway and is not afraid of infringement lawsuits. Some weak companies were dragged to death, and then were helplessly incorporated at a low price.
If everyone does it like this, then no one else will be able to do it, and let Microsoft alone do it.
Little penguins also like to do this kind of bad thing, okay...
Don't talk about state affairs.
Therefore, Wang Yaocheng will never be fooled by Bill Gates' polite appearance, and decisively initiates an antitrust lawsuit to safeguard his legitimate rights and interests.
As 1998 was coming to an end, Microsoft finally relented.
Through out-of-court settlements, the payment of fines and formal commitments, regulators have curbed some of the monopolistic practices that led to Microsoft's rise, making the original hegemonic means of suppressing competitors less effective.
Microsoft's stock price stagnated for much of the next decade as rivals caught up in mobile devices and Internet computing, with the rapid rise of Yahoo, Apple, Google and Amazon.
Now
Mr. Bill Gates was at the height of his success, with his wealth reaching 53 billion U.S. dollars and firmly sitting on the second place among the world's richest people.
But when he looked up at Wang Yaocheng, his heart was immediately enveloped in darkness and despair.
Wang Yaocheng is like Mount Everest standing high, standing in front of Bill Gates, making it difficult for birds to climb over.
After years of development, the Wang Consortium has formed a powerful corporate fleet with rich product lines, and they go to sea to fight together.
It also has the support of the core HSBC Bank, has all the characteristics of a large multinational consortium, and its ability to withstand risks is beyond doubt.
In comparison
Microsoft, which is working alone, appears to be alone.
He was beaten to death by regulatory agencies from various countries, and the US antitrust agencies have been planning to dismember him. He could only shed tears in his stomach due to the hardship.
In those years, everything Wang Yaocheng once boasted about was verified one by one;
The throne of the richest man in the world will always be mine. During my lifetime, everyone... I mean everyone in the world can only compete for the second place.
Damn, this is so heartbreaking.
these few years
Not only is Microsoft's market capitalization the largest, but the U.S. stock market is generally experiencing a period of astonishing growth.
It can be said that chickens and dogs ascend to heaven, and investment funds of all sizes are making huge profits.
Intel's market value has risen from US$50 billion to US$181 billion, an increase of more than three times.
IBM's market value rose from US$53.6 billion to US$145 billion, a similarly astonishing increase.
Atlantic Business Machines Corporation rose all the way to US$178.8 billion, and completely froze it at this price, starting the privatization and delisting process.
As for the Wang Group's 43% premium for redeeming shares, this cannot be used as a reference.
Amid the ever-increasing Internet boom, the market value of Yahoo, the unparalleled Silicon Valley leader, soared to US$100 million, becoming another 100-billion-dollar flagship company under the Wang Consortium.
Cisco's development momentum is also fierce, and its market value has soared to 160 billion US dollars. It is very likely to catch up with the record set by Atlantic Business Machines and become the leader of the new consortium.
Due to continuous mergers and acquisitions, the company is in a stage of rapid development and cannot expect profit dividends for the time being. Instead, it is burdened with an increasingly heavy debt burden.
But Cisco's development is equally astonishing, and its market share and revenue have skyrocketed.
The factory located in the Shenzhen Industrial Park of Mainland China continuously supplies huge quantities of products to the world market, helping Cisco's beautiful financial statements in the third fiscal quarter of 1998, with various data soaring across the board.
Because of his outstanding management ability, Mr. Chambers won the title of "World's Best Manager" for the second consecutive year. This is an unprecedented and brilliant achievement. No one has ever been able to win this title for two consecutive years.
However, all media representatives and Wall Street people voted for Mr. Chambers.
Except for him, no one is qualified to receive this high honor.
Mr. Chambers personally brought two companies to the level of hundreds of billions of dollars. Needless to say, Atlantic Business Machines Company has made it very clear in his past and present lives.
Since Cisco went public in 1990, its annual revenue has been hovering in the tens of millions of dollars.
As of August 1996, second quarter revenue was only US$160 million, and there was little improvement in operations.
Taking August 1996 as a watershed, since Chambers took over Cisco, he has entered the market with great momentum, adopted continuous mergers and acquisitions to expand product lines, and improved his role as a supplier of network equipment throughout the industry chain.
Just over two years
Cisco has acquired 27 companies, almost one every month, occupying the first or second market position in every field it enters, becoming the world's largest network equipment supplier.
In 1998, Cisco's revenue increased to 18 billion U.S. dollars, and its market value soared to 160 billion U.S. dollars.
Because the world's network equipment market is expanding rapidly, the future shows endless possibilities.
Wall Street market participants are unanimously optimistic that Cisco's value is likely to double in the next two years, and they highly recommend it to buy.
The title of "World's Best Manager" is the highest compliment for a professional manager.
The President of the United States told Vice President Al Gore in the White House;
Cisco Systems is the best company not only in the Internet industry, but also in any field. Mr. Chambers is a true leader in the Internet industry, the U.S. economy and even the global economy.
The boss king is a great genius. His most outstanding talent is to put the most suitable people in the most suitable positions to exert their greatest abilities.
I have to say that Zipperton's vision is indeed very poisonous.
In addition to occasionally harming female White House interns, he is still very good at economy.