"Did you buy what I asked you to buy?" Qiao Feng called Wang Jing and asked.

"Hehe." Wang Jing turned his head slowly and smiled awkwardly.

"Didn't buy it?" Qiao Feng asked.

"Ah." Wang Jing nodded.

"Why not buy it?" Qiao Feng was speechless.

"I'm scared." The two of them would be confused when they heard the conversation, but they knew what they were saying.

"What are you afraid of? Now you have a lot of good places to choose from when you buy it. When it rises next year or later, you will be able to make back the losses you have before." Qiao Feng said angrily.

"What if I meet another Jianing?" Wang Jing said with no confidence.

"I'm going, are you stupid? Jianing, you are buying stocks. Now you are asking you to buy a house and a property. Can it be the same? If you buy a house, it's yours. Whether you lose money or not, whether you make money depends on the market. Even if you meet a company like Jianing again, you have bought a house. What's the point of being able to let you spit it out? Can you really make you communicative after returning?" Qiao Feng gave Wang Jing a blank look.

"But now everyone is selling real estate, and a few of them buy houses."

"Without everyone selling, how could you buy at the bottom at a low price?"

"What if there is a call from there, or if it is really communist?" Wang Jing pointed to the north.

"Depend on."

............

Hong Kong in 1983 was a turbulent year, but it actually started to turbulent two years ago. As negotiations on the return of Hong Kong began, it became turbulent.

Hong Kong citizens are very confused, and their life is still second, mainly because of their economic hesitation, for fear of being communist.

Of course, this is actually a bit of a joke. The economic hesitation is because of the crazy speculation of real estate, the second is that interest rates continue to rise, the credit of banks and financial companies shrinks, and the third is that it encounters a global economic downturn.

The fourth and most important one is facing the problem of return.

The main point of the return problem is in the New Territories. Because the New Territories lease signed by the Qing government and the UK was 99 years, and it expired on July 1, 1997 in 1898.

Why is the New Territories the main point? Because Hong Kong Island was permanently ceded in that year, and the Kowloon Peninsula was permanently ceded, only the New Territories are leased and have a period of time.

By 1997, if China wants to take back the New Territories, then Hong Kong Island and Kowloon Peninsula will inevitably not be able to retain it. It is not that they don’t want it, but that they cannot.

Hong Kong is not a military protected place. In addition, most of the water and food supply comes from mainland China, and the New Territories account for 92% of the total area. Therefore, in terms of economy and even in the agreement between the two sides, it is not practical to only return the New Territories to China, and retain Hong Kong Island and the Kowloon Peninsula.

Then there is a problem. It is getting closer and closer to being taken back. How to calculate the period of buying land and buying a property? Because the UK only has more than ten years of lease in the New Territories, which means that the UK can only sell land for more than ten years. It is better not to buy land ownership for more than ten years, so the UK really wants to extend the period of renting in the New Territories.

In 1979, when Hong Kong Governor MacLeho visited China, he requested an extension of the lease period from a commercial perspective. Even if the lease period cannot be extended, they wanted China to agree to their sale of New Territories land contracts that exceeded the 97-year period. He also changed the original term of the "New Territories" land deed (June 27, 1997) to local deeds, which were valid during the period when the British king controlled this area, in order to achieve the purpose of blurring the "97th limit".

But China told Meliho that no matter what wording is used to extend the term of title deeds, it is necessary to avoid "British control issues". In September of the same year, Song, assistant to Chinese Foreign Minister, replied to the then British Ambassador to China, that the Chinese government disagreed with the British side's suggestion.

At this time, everyone knew that the reclaim of the New Territories was definitely a foregone conclusion. The key is that you can only buy land for more than ten years. The most important thing is that the 1997 term began to spread in Hong Kong. That is, after the New Territories were reclaimed in 1997, all the land contracts you purchased before will not be valid. No matter how many years the land contract you bought will be, then all of them will not belong to you.

So who dares to buy this?

So Hong Kong real estate quickly reached a downturn from its previous boom. Then, with the weak legs of British Prime Minister Thatcher in front of the Great Hall of the People last year, Hong Kong's property prices and stock markets collapsed after this fall.

What happens is that the housing prices have dropped from the housing prices in Hong Kong at this time and the stock market plummeted.

The Hang Seng stock index fell directly from more than 900 to more than 700, and then continued to fall. Real estate was even worse, with land prices generally falling from 40% to 60%, and the biggest drop was industrial land and high-end residential land. The selling price of industrial land in Kowloon Bay, calculated by floor area, fell from the highest level of 360 yuan per square foot in December 1980 to 25 yuan per square foot in October 1982, a drop of 93%.

The consequence of such a plunge is that it really jumps off the property price. Because of failure to invest in stocks and failure to invest in real estate speculation, many people really choose to jump off the property.

For a long time, Hong Kong citizens had to avoid the high-rise buildings when walking on the road, for fear that one of them would jump off the top and kill him.

Many large real estate companies have plummeted their stocks, and real estate companies have suffered serious losses.

Among them, the old real estate company Zhongcarnival Real Estate broke out in March this year and was forced to suspend trading in the stock market and announced liquidation.

What is more shocking than the collapse of Carnival is the demise of the once famous Jianing myth, which is the real estate company selected by Wang Jing to trade stocks.

Jianing only began to rise in the late 1970s, and once it rose, it would soar into the sky unstoppable.

In January 1980, Jianing announced that it would cooperate with Zhong Zhengwen of the Zhong family to purchase the Kinmen Building in Golden Bell from Land for 998 million yuan. The building was purchased by Land for 715 million yuan a year ago from Jardine. In September 1981, Jianing announced that it would resell the Kinmen Building to the Bainingshun Group of Lin Xiufeng's brothers for 1.68 billion yuan, and profits of several million yuan in less than a year.

At this time, Jianing Real Estate became a brilliant star in the Hong Kong stock market. At the end of 1981, the market value reached 3.921 billion yuan, becoming the fifth largest real estate company in the Hong Kong stock market after Land, Cheung Kong, New World and New Land.

The stock was a new height a day. In 1980, Jianing Group became famous by Zhan Peizhong, who was called the "gold medal dealer" at the time, by manipulating the stock price, and made its stock price soar 16 times (this practice is now illegal). It once rose from one yuan to 17 yuan and 900 yuan in November 1980, and became a myth in stocks that only rose but did not fall, and it won the general for a long time.

It was at that time that Wang Jing entered the market, but things were unpredictable. After experiencing the "snowball" development, Jianing failed to consolidate the achievements it had achieved in time. It involved too many fraud elements in commercial transactions.

With the complete collapse of the Hong Kong housing market and the stock market, Jianing's main partner Yida Investment was liquidated in November last year. The company's chairman Zhong Zhengwen fled from Hong Kong and left behind 2.1 billion yuan in debt and other loan guarantees of 1.6 billion yuan. In January 1983, three listed companies of Jianing Group were suspended. Then the Hong Kong police found that Jianing's huge debt to the main lender Yumin Finance did not match the accounts of Jianing, so they launched a large-scale search of Jianing.

Later, Jianing suspended trading and liquidated its shares, but many financial companies and banks were unable to recover their debts, let alone the small shareholders who followed the trend, and the stocks they held turned into waste paper.
Chapter completed!