Siheyuan: Space takes me to exchange!

Chapter 234 Supermarkets and the Stock Market Crash

Soon, people from the mainland came to Hong Kong to cooperate with Li Xiuyuan.

Looking at the person who came, Li Xiuyuan was very surprised. It was an acquaintance!

This person is Sun Weiguo, Zhao Dantong’s cousin, who works in the Second Commercial Bureau. He was sent from the mainland to coordinate business with Li Xiuyuan’s company.

Sun Weiguo had matured a lot after not seeing him for a few years. He shook hands with Li Xiuyuan first, then hugged him, patted Li Xiuyuan on the shoulder and said, "I didn't expect you to come here. I'm so happy to see you!"

Li Xiuyuan was also very emotional, feeling that drinking with Sun Weiguo just happened yesterday.

Zhao Dantong didn't come to pick up Sun Weiguo because she had something to do.

Li Xiuyuan brought Sun Weiguo to the company first. They talked about some work first. At noon, he took Sun Weiguo to a restaurant with very Hong Kong characteristics.

Not long after the two of them sat down, Zhao Dantong hurried over.

When the brother and sister met, they naturally exchanged greetings.

Sun Weiguo knew the nature of Zhao Dantong's work, so he did not mention her work to her, but instead talked about the recent health condition of Zhao Dantong's parents.

"Tongtong, don't worry, I'm at home. I will definitely take good care of your aunt and uncle."

Zhao Dantong smiled and nodded with tears in her eyes. She not only missed her parents, but was most worried about their health. Especially her father, who was already in poor health, and because of her work, he would definitely worry about her.

"Thank you! Brother."

"Oh! It's really not easy to call you brother!" Sun Weiguo teased Zhao Dantong when he saw that she was in a bad mood.

Then Sun Weiguo said, "Don't worry, leave it to me. My uncle is retired now. He and my aunt take a walk together every day. My uncle has also built a vegetable garden in the yard and grows vegetables every day. He really cares about it!"

Li Xiuyuan knew that the brother and sister had a lot of private things to talk about, so after the three of them had dinner, he asked the driver to take the brother and sister to the hotel to talk.

Sun Weiguo stayed in Hong Kong for five days and then left.

After that, Li Xiuyuan started to get busy. In recent years, Hong Kong's development has been changing with each passing day, which has also driven Hong Kong's economic take-off.

The investment boom in Hong Kong is growing day by day. Many industrial and commercial enterprises are blindly raising funds for listing. Vicious competition has led to a decline in the quality of listed companies. The profit growth of many listed companies is much lower than the increase in stock prices. The development of the stock market has seriously deviated from the actual economic development and the true value of company stocks.

The stock market trading volume and the Hang Seng Index have soared. Anything abnormal must be wrong. In addition, investors lack experience in securities investment, the quality of enterprises is uneven, and the regulatory system is not perfect, which led to this major stock market crash in Hong Kong.

Li Xiuyuan decided to participate in this stock market crash. If he didn't make money, someone else would, just like some businessmen in his previous life who took advantage of the stock market crashes and made a fortune. However, he didn't use the money he earned for his own country and the people. Instead, he became unkind and took the money abroad.

Leave professional matters to professionals. Li Xiuyuan hired a senior trader and then was able to free himself to do other things.

Li Xiuyuan's company's first large supermarket opened in Hong Kong at the end of the year. Most of the goods here come from Asia, with only a small number from Europe and the United States.

The first supermarket covers an area of ​​20,000 square meters and has two floors.

The first floor is for restaurants and various shops to meet the various needs of customers.

The second floor is a store selling all kinds of food, all carefully selected high-quality ingredients from around the world. The fruits, vegetables, seafood, and meat here are all super fresh! The mall does not sell overnight meat, vegetables, and cooked food. When it is almost closing time, these things will be sold at half price.

He wants to create a good business model and brand concept for his supermarket, so that when people mention his supermarket, they will feel safe to buy!

The mall also has a rich variety of wines, including wines from all over the world. It also has everything from grains, oils, groceries, frozen goods, dry goods, daily necessities, hardware, electrical appliances, photographic equipment, textiles, furniture, books and stationery.

The supermarket adopts a self-service model, and there are waiters waiting to serve you at any time in each product area.

The supermarket is equipped with the world's most advanced monitoring equipment, so there is no need to worry about merchandise being lost. Checkout is done by computer, which is fast and convenient.

Once this self-service shopping model was promoted, it instantly attracted people to go into the supermarket to find out what was going on.

When people went there out of curiosity and found that supermarkets not only had good quality products and low prices, but were also convenient and fast, young people soon regarded shopping in supermarkets as a fashion.

Some housewives and elderly people have gradually tasted the convenience of supermarkets, because supermarkets will offer discounts and promotions from time to time, which are the most attractive to cost-conscious housewives and middle-aged and elderly people.

Shopping in supermarkets quickly became a daily necessity for people.

As a result, Li Xiuyuan's other chain supermarkets sprang up like mushrooms all over Hong Kong, and then to various Southeast Asian countries.

Time passed unknowingly and it was 1973. At the end of February, Li Xiuyuan asked the traders to sell all the stocks they held and then short them.

In 1972, against the backdrop of the talks between the mainland and the United States, Nixon's visit to China, and the establishment of diplomatic relations between China and Germany and the improvement of Sino-American relations, the Hong Kong stock market was like a galloping horse, with one climax after another.

Many Hong Kong citizens rushed into the stock market with their money like crazy. Stimulated by the idea of ​​"only stocks, not cash", they rushed to buy stocks. Even grandpas and grandmas on the streets were speculating in stocks, which showed how crazy they were!

In 1973, the Vietnam War ceased, the Hong Kong government announced the construction of a subway, companies began to pay dividends and bonuses, and with the continued financial turmoil in the West, the Hong Kong stock market became even more frenzied, as if gold was everywhere.

There are few people with clear minds in this kind of madness. In order to curb the frenzy of the stock market, the Hong Kong government took fire-fighting measures and issued a fire hazard notice to the exchange. In order to reduce the number of people in the building, the exchange even announced a shortening of trading hours, but to no avail.

At the same time, many newspapers published articles urging people to be wary of market risks. The chairman of a bank also publicly called for caution against excessive speculation in the stock market, but no one listened to such voices.

Flowers are decorated with brocade, and fire is cooking oil.

1973年3月9日,恒生指数从1700多点滑落至4月底的816. 39点,1973年底再跌至433. 7点。

受全球石油危机及经济不景气的影响,74年香江股市持续下跌,并于12月10日跌至70年以来的新低150. 11点。

The stock market is wailing, and the worst-off are always the retail investors who get the last baton. Some of them quit their jobs and devote themselves to the stock market, only to end up with nothing.

Many people who were in high spirits suddenly became dumbfounded, some went crazy overnight, and some even committed suicide after suddenly losing all their property.

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