Chapter 195 Xu Damao’s Action

After the reform and opening up in the 1980s, the mainland of the motherland expanded its opening to the outside world, accelerating the transformation of Hong Kong's manufacturing-based economy into a service-based economy. The manufacturing industry shifted northward on a large scale, that is, to the inland of the motherland. Seek lower-cost labor and more land.

About 90% of the labor-intensive factories are related to the motherland. At the same time, the motherland's growing demand for capital, technology and international markets have promoted the development of Hong Kong's service industry.

About 60% of mainland China's foreign trade is conducted through Xiangjiang, and 75% of international funds are raised through Xiangjiang. This has promoted the gradual formation of Xiangjiang's unique status as an entry channel to the world's largest potential market.

Due to this unique status, it has attracted major international service companies to establish or expand their business relationships, thus making Xiangjiang one of the Four Asian Tigers in a short period of time, as famous as Singapore, South Korea, and Taiwan. Famous in the world.

Although the market in Hong Kong was prosperous in the 1960s and 1970s, the financial industry and securities market were still in turmoil. The turning point was from 1967 to 1974. In 1967, there was a large-scale citizen strike. The government was determined to rectify the police force to combat corruption, and it was formally established in 1974. ICAC.

After the ICAC action, the Xiangjiang government gradually entered the stage of modernization and transparency, and the prototype of social governance gradually emerged, laying a solid institutional foundation for further financial and trade liberalization.

The second is to begin to pay attention to people's livelihood construction, increase infrastructure investment, and strengthen Chinese participation in politics. The effect of this series of policies is extremely significant - Hong Kong's economic growth has further accelerated, Chinese capital has risen rapidly, and it has begun to show its prominence in the real estate and financial industries. .

December 17, 1969 is a day worth remembering in the financial history of Hong Kong. The "Far East Exchange" (Far East Exchange), which was led by Chinese businessman Li Fuzhao, officially opened.

This was the first stock exchange in Hong Kong to exclusively serve Chinese people, breaking the dominance of foreign capital in the securities market. After that, the securities market began to develop rapidly.

At the same time, Xiangjiang began to implement the "Ten-Year Housing Plan" (1972) and the "Home Ownership Plan" (1976), land prices began to rise, and housing production became a new commercial activity.

In addition to bank credit business, mortgage services have become a new growth point of the financial industry - rising housing prices in turn stimulate the demand for investment. A positive spiral is formed between the financial industry and the real estate industry. This powerful force, Promoting Xiangjiang's rapid transformation from manufacturing to financial services.

Lou Xiao'e seized this opportunity and entered the financial and real estate industries, allowing the Lou family to quickly rise to become one of the wealthy families in Hong Kong.

In 1978, when the mainland reformed and opened up, the closed economic environment with a population of 1 billion was exposed to the world for the first time. Ideological differences caused people on both sides to be cautious. Foreigners did not dare to enter and Chinese people did not dare to come out.

At this time, Xiangjiang and Xiangjiang people seized the opportunity and acted as the best experimental field and lubricant. The natural blood and geographical relationship made Xiangjiang people familiar with the mainland’s political language system, and the mainland’s funding for Xiangjiang was also reduced. Be on alert.

In the early days of reform and opening up, Xiangjiang's investment in the mainland was based on its neighboring status. The mainland quickly copied Xiangjiang's model and created an era of Made in China.

Due to the huge market and output, Xiangjiang has successfully completed the upgrading of the industry, and has naturally become a bridge for international capital to enter mainland China.

In the 1970s, a wave of loosening financial freedoms emerged around the world. Hong Kong seized the opportunity. From 1978 to 1982, Hong Kong completely realized the freedom of capital entry and exit, becoming a veritable free port. The removal of policy barriers combined with the industrial foundation and unique economy of the previous 20 years.

Advantages, Xiangjiang is already at the forefront of the world.

Lou Xiao'e returned to the capital this time to invest as a foreign businessman, and was warmly welcomed by the government. At the same time, she also had to resolve some past grievances. She took her son back to the courtyard, which kept some people with ulterior motives awake at night.

Several people sat together and ate and drank lively. The meal lasted for more than two hours. When Lou Xiao'e was leaving the table, she brought up the topic of opening a restaurant for He Yuzhu again.

She inquired: "Si Zhu, you and Zi Rui have such good craftsmanship, how about I pay to open a restaurant for you? With your craftsmanship, the restaurant business must be very prosperous. Although Zi Rui still has to go to school, he can rest during the day.

Isn’t this better than working as a poor director at a steel mill and getting a dead salary every month? The money earned in this way belongs to our family."

Bai Zirui said with a smile: "Sister-in-law, you haven't been back to the capital in more than 10 years. Tomorrow my eldest brother will take you around for a good tour, and then at noon, I will have dinner with my uncle, Sister Yuyu, and the whole family."

Lou Xiao'e knew that this was asking relatives and friends to accept their mother and son, so she nodded and said, "Okay! I will follow your arrangements tomorrow."

When the lights were on at night, a man came to the door of the second uncle's house in the backyard of the courtyard. He raised his hand and knocked on the door "bang bang bang", and the knocking sound was heard in the quiet night.

The second uncle and the second aunt were preparing to rest when they heard a knock on the door. The second uncle got up, put on some clothes, opened the curtain of the room and asked loudly: "Who is it?"

The person outside the door replied: "I am Damao."

The second uncle buttoned his clothes, opened the door, let Xu Damao into the room and said, "Da Mao! Come... come... come! Sit in the room!"

The second uncle closed the door and saw Xu Damao putting a bottle of Red Star Erguotou on the table and sitting next to him. He asked doubtfully: "Da Mao, what are you...what are you doing today?"

Xu Damao replied with a frustrated look: "Second uncle, do you know? When Lou Xiaoe brought his and Shazhu's son back to the courtyard, Qin Jingru immediately divorced me. I was upset, so I came over to have a drink with you."

The second uncle said with some gloating: "Hey, if I were Qin Jingru, I would have to leave you."

Xu Damao said frustratedly: "What's wrong with you? Is it okay if you don't say that?"

The second uncle said: "You won't let me talk, are you? Then...then please!" As he spoke, he raised his hand to see the guest off.

Xu Damao said listlessly: "Yes... yes... yes! You say... you say!"

The second aunt also put on clothes and came to them. She comforted: "Da Mao, you don't want to listen to what aunt said. We have to talk to you too. If you are married or divorced.

You were too bad to Jingru in the past, and besides, you two had no feelings for each other. It turns out that when you attacked her at that time, why didn’t she leave? She didn’t have strong wings yet! She had no place to go, so of course she wouldn’t leave.

But now she is different, now! She is no worse than you, and besides, she is now a formal employee of a public institution, which is an iron rice bowl.

What about you? Didn’t you just go to sea to do business with the former director Li of your factory? But you have been fishing for three days and drying nets for two days. You have made a lot of money and then you are working with your gang of friends. You got it.

The money and supplies flew away.”

As the second aunt said this, she took out a fried plate of peanuts and put a plate of leftovers on the table so that Xu Damao and the second uncle could drink.

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