Rebirth of the Great Entertainment Empire

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After bringing Monica Bellucci back to Neverland, Xu Cun realized that he had misjudged himself this time—Monica Bellucci is really not the woman Xu Cun thought could be easily overthrown by him. Monica Bellucci was already curious about herself.

In addition, Xu Cun, who has been tense for many days, is really tired because he wants to obtain huge returns in this stock market crash.

Therefore, Xu Cun spent a rare night without a woman...

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Hong Kong Time: October 20, Tuesday, when the market opens at 10:00.

The Hong Kong Stock Exchange held an emergency contingency meeting to study and announced that: in order to keep investors calm and clear up a large backlog of uncleared settlements, the joint stock exchange will suspend the market for four days.

This announcement came as quite a shock to many people! At the same time, many stockholders applauded, thinking that this was a wise and rational move, which would stop the vicious circle. In particular, stock markets around the world plummeted sharply. Japan's Nikkei Stock Average dropped 3,836 points, London's Financial Times Index dropped 250 points, and the Australian stock market plummeted 510 points. I am even more fortunate that this suspension of the market can save me from a catastrophe.

During the four days when the market was closed, the news about the stock market did not stop due to the suspension of the market. Every day, the front pages of newspapers, big and small, were inseparable from the stock market. Time reports on the closing of the US stock market.

Wednesday.

The Wall Street stock market rebounded sharply by 249 points, which inevitably made some people start to ask: Is the four-day market suspension too long? Will it damage Hong Kong's reputation as a financial center?

At the same time, people in the legal profession began to attack, arguing that the chairman of the Hong Kong Stock Exchange, Li Fuzhao, ordered the stock exchange to suspend the market as illegal.

In other words, Li Fuzhao began to face pressure from the public opinion circles.

but--

Even so, Li Fuzhao still insists on resuming the market trading on next Monday, and thinks that if the US stock market resumes hastily due to the rebound, will the US market be suspended again if it falls again?

In addition, Li Fuzhao also believes that if it is not a wise decision to suspend the market on Tuesday, the stock market will be full of corpses.

As for the British Hong Kong government, they also expressed their support for the stock exchange’s approach. Financial Secretary Chak Shing said in a meeting of the Legislative Council: “The government believes that the decision to suspend the stock market for four days is very appropriate, and the government will not conduct a thorough investigation. Does this incident involve personal interests?"

In addition to clearing the backlog of settlements in the stock market, keeping investors calm and causing social debates, the four-day suspension of Hong Kong's stock market is actually the most serious point that the futures market is facing a crisis of collapse.

Due to the importance and complexity of the issues involved, the British Hong Kong government even hired Hambros Bank Limited, one of the major commercial banks in London, as a consultant.

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The days of no stock and no market for these four days passed quickly. Every stockholder is in a bad mood - everyone doesn't know what will happen to the market on the day when the market resumes, and how should they face it?

Before the resumption of the market, contingency measures have been prepared in all aspects - in addition to experts insisting that Hong Kong's economy is performing well and the stock market should not fall again, the Association of Banks has also lowered the prime interest rate by 1% to 7.5%. To stabilize the market.

October 26, 1987.

On a sunny day, all social activities are as usual.

Central is also generally busy, and it has not faded due to the stock market storm, but everyone who walks in Central seems to have a feeling that disaster is imminent, especially the mood of stockholders at that time, which cannot be described in words.

Today's market opening time is an hour later than usual.

At eleven o'clock, when the market opens, there are only sellers but no buyers in the whole city—sellers are begging to sell at high prices, and no one dares to stand in the way of cars to buy goods. The first lot price is the highest price of the day.

Fifteen minutes later, the Hang Seng Index had fallen by more than 650 points.

At 11:45, the market dropped nearly 900 points.

Then there was a slight rebound, but the Hang Seng Index still fell by 845.04 points at the close of the morning.

In the afternoon, the stock market situation not only did not improve, but turned worse again - the market was full of sell-offs, and the investment mood was extremely pessimistic. At 70 points, the market closed at 2,241.69 points, a total drop of 33%, setting a record for the world's largest single-day drop. The spot futures index market has fallen to the limit four times.

The next day, the "Eastern Economic Daily" reported the news on the front page, using the word "landslides and ground cracks" to describe the disaster of the stock market.

Immediately afterwards, the British Hong Kong government announced a series of rescue measures, including: exempting listed companies from buying back their own shares. The Exchange Fund, Jockey Club, and HSBC all entered the market to buy stocks, hoping to take the lead.

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On the evening of October 26, the Hong Kong Stock Exchange held a press conference.

During the meeting, a foreign reporter asked bluntly (no Chinese newspaper reporter dared to ask the same question) whether the decision to suspend the stock market for four days was legal? Li Fuzhao became angry from embarrassment, pointed at the reporter with his right index finger, angrily reprimanded the reporter in English, and beat his face with his fist, demanding an apology from the reporter.

"This is malicious slander!"

"Say your name, I want my lawyer to record it!"

"I'll give you a ticket right now!"

"Accuse him, take him to the police station, send him to the police station!"

"..."

Other high-ranking staff of the United Exchange tried to persuade Li Fuzhao to calm down, but they all failed.

Li Fuzhao calmed down a little until a group of journalists and TV crews dragged the Australian reporter who asked questions away from the conference room of the exchange, and the reception ended amidst the noise.

Naturally, the matter cannot end here - on October 29, the "South China Morning Post" published an article titled "Cancer Is Eating Hong Kong's Financial Heart" on the front page, criticizing Li Fuzhao mercilessly He said the cancer had seriously damaged Hong Kong's reputation as an international financial center. Prior to this, Legislative Council member Martin Lee even asked Li Fuzhao to resign as chairman of the Stock Exchange for his wrong decision to close the exchange at the Legislative Council meeting.

last life.

At the end of this year, the stock exchange will be re-elected, and Li Fuzhao will only serve as the vice chairman.

Three months later, Li Fuzhao was arrested by the Independent Commission Against Corruption, accusing Li Fuzhao, as the chairman of the Stock Exchange, of illegally accepting shares allotted by newly listed companies during the process of reviewing the company's listing, and profiting from it.

As a result, Li Fuzhao was convicted and imprisoned for four years.

After he was released from prison, Li Fuzhao settled in Thailand for retirement.

Later, when Li Fuzhao was interviewed by the media, recalling the legends and controversies he had experienced in the past, he quoted Su Shi's poem: Everyone adopts a son who hopes to be smart, but I have been fooled by smartness all my life.

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