I Want To Be a Rich Man on Hong Kong Island

Every January is undoubtedly Wu Guangyao's busiest time, because the annual reports of the previous year's group companies are freshly released;

As the boss, Wu Guangyao was undoubtedly most concerned about how much he earned!

Universal Building, group conference room.

A group of directors and executives of Universal Group are holding a meeting.

"Universal Group's net profit last year was 950 million US dollars, including 775 million US dollars for shipping, 150 million US dollars for ports, and 25 million US dollars for aviation... Shipping has dropped sharply again, ports have begun to exert force, and aviation has steadily increased... ..." Wu Guangyao presided over the meeting and said.

Shipping has indeed dropped a lot. In the two peak years (1969 and 1970), the annual profit of shipping was as high as 1.2 billion US dollars, a drop of almost 40%.

Of course, Wu Guangyao accounted for almost 30% of the oil tankers in the world;

After the closure of Suez, even shipbuilding will take two years to fill the gap.

Therefore, starting from 1971, when the load capacity of oil tankers increased, the freight rate would naturally drop;

This also explains a truth, the monopoly business is the best and the most profitable!

Sanders asked: "According to this situation, this year (1973) should drop sharply by 20%. Could it be that the shipping situation is not good?"

Gao Ke of Global Shipping denied: "It's not that the shipping situation is bad, but that the shipping situation has returned to normal levels! If the Suez Canal is not blocked, the annual profit of the 20 million-ton fleet will only be US$500 million to US$600 million. "

With a fleet of 20 million tons of deadweight, the cost of new ships is about 3 billion US dollars;

Therefore, in the normal shipping period, it takes about five or six years to pay back the cost.

Wu Guangyao said with a smile: "There are various factors. In short, we do not have loans in Global Shipping, so there is no need to be nervous about earning more or less! This year, 200 million US dollars will be left as investment, and the remaining 750 million US dollars will be used for shareholder dividends."

No one raised any objections, and Shen Bi was much more honest now!

He Yuanzhang said: "Our senior management has also discussed the year-end bonus plan for employees. This year's minimum standard is three months' salary, and the highest standard is five salary. Universal Group has 13,080 employees, and it is estimated that it will need to spend 150 million Hong Kong dollars... ..”

Shen Bi finished listening,

The corners of the mouth tremble immediately;

Global Group issued 150 million Hong Kong dollars in year-end awards alone, and HSBC only made a profit of 350 million Hong Kong dollars a year;

This comparison reveals what the gap is!

"Approved!" Wu Guangyao made a final decision.

Cheung Kong Industrial, Zipper Group, Baiyou Group, Dongfang Group........

After a lap, Wu Guangyao is busy and happy!

Various companies developed rapidly one after another, and each cash cow began to bring Wu Guangyao a lot of money.

At this time, Wu Guangyao's bank deposits had reached 2.5 billion US dollars, close to 15 billion Hong Kong dollars.

 …

The annual turnover of the Hong Kong stock market in 1971 was 17 billion Hong Kong dollars, and the annual turnover in 1972 was 50 billion Hong Kong dollars;

And entering March 1973, Hong Kong's stock market had reached the point of madness;

In January, the transaction volume was HK$12 billion;

In February, the transaction volume was HK$13 billion;

In March, in just the past 8 days, the transaction volume has reached 4 billion Hong Kong dollars;

Entering March, Hong Kong's stock market has become dangerous due to excessive speculation;

Some stock market veterans who have made huge profits have begun to retreat bravely when they see that the momentum is wrong;

Only those newcomers who don't know the heights of the sky and the depths of the sea are still happily chasing the waves;

March 9th, Friday, an ordinary day;

There was neither sensational good news nor any significant influx of overseas funds. However, due to excessive speculation, the Hang Seng Index climbed to a historical high of 1880 points, with a single-day trading volume as high as 800 million Hong Kong dollars.

Such a situation made many investors jump for joy, but they didn't know that a storm was about to roll in.

At this time, Wu Guangyao had thrown away about 5% to 10% of all the company shares he held, making a total profit of 1.8 billion Hong Kong dollars.

Even so, the market didn't notice anything, because everyone was already crazy.

The total market capitalization of Hong Kong's stock market has reached 105 billion Hong Kong dollars, while Hong Kong's GDP (in 1972) was only 35 billion Hong Kong dollars, with an average per capita of 8060 Hong Kong dollars.

One can imagine how crazy the stock market has become!

Shareholders had a happy weekend, and the stock market opened on March 12 (Monday);

However, the stock market caused panic due to the appearance of three fake stocks of Hopewell Industrial Co., Ltd.

The aftermath of the panic was triggering wave after wave of selling.

Due to the issue of a few fake stocks, various stocks have fallen back one after another, which shows that the Hong Kong stock market is inherently fragile and cannot withstand any turmoil.

1500 points

1400 points

1300 points

By the end of March, the Hang Seng Index had fallen by 1288 points, a full 600 points in 20 days;

At this point, the Hong Kong government can no longer sit still. If this continues, the economy of Hong Kong Island will become a disaster.

The government and people in the market continue to call on investors to remain calm and not panic;

It is even said that the stock market will stabilize soon, and Hong Kong's economic foundation is solid.

Then it didn't help, the market panicked, and the so-called government intervention didn't work at all.

Due to the rapid decline in the stock market and signs that it will impact the financial system and affect social stability, the heads of the four stock exchanges and major banks met with Financial Secretary Ha Ting-kei to discuss policies to stabilize the stock market;

After several rounds of meetings, the government still insists that it will not interfere with the operation of the free market, but expresses its support for some voluntary measures introduced by banks and exchanges.

These measures are as follows:

1. Postpone the listing of new shares for three months

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