Rebirth of Hong Kong 1981

That's right, it is the destination of Yang Chen's trip to Kuwait, a small country in the Middle East.

Everyone knows that the stock market is a place where wealth gathers, but it is also a place full of bubbles.

As the saying goes, whoever God wants to die must first make him crazy.

And where was the craziest stock exchange in the 80s?Nothing is better than the Souk al-Manakh Exchange in Kuwait.

Speaking of Kuwait and the Middle East, oil and the US dollar must be the first things people think of.

After Kuwait became independent in 1961, like many Middle Eastern countries at the beginning, the whole country had nothing but countless yellow sand on the ground, and it was poorer than Africa.

In our words, it is a place where the birds don't shit. Almost all the little money the whole country earns is used to buy food to make ends meet.

To say that God is fair, although it has fed the Kuwaiti people a lifetime of yellow sand, it also gave them a chance to get rich overnight.

In the mid-to-late 1970s, the oil crisis broke out, which led to a sharp rise in the entire oil price. Oil is equivalent to gold and the US dollar.

Now, the total reserves of crude oil rank among the top in the world, and Kuwait, which has the world's largest per capita reserves, has gone from being impoverished to getting rich overnight.

The Kuwaitis who used to herd camels suddenly ushered in their own spring.

Everyone knows what the consequences of getting rich overnight are. The people of Kuwait, who used to live a miserable life, have money in their hands, and the nouveau riche temperament is simply overwhelming.

This person has money, of course he has to spend it. If he doesn’t spend it and deposit it directly in the bank, it’s okay to say that the one or two billions are deposited in the bank. Only a fool can do it. thing.

And are the Kuwaitis stupid?Obviously, they were just poor before, but people are definitely not stupid.

A person is afraid of being poor. After having money, besides enjoying luxury, he naturally thinks that he has more and more money so that he can continue to enjoy the life he can enjoy now.

But as the saying goes, people are poor and short-sighted, what are the indirect consequences of short-sightedness?

Not broad enough

Kuwaitis want to make more money with the money in their hands, so where should the money be invested?

Industry?Don't look at the joke, if you let a poor man from camels invest in industries with long cycles and slow returns, you might as well just grab the money from him.

And to be honest, they can't handle such a mental job as managing a company.

Like many people in Xiangjiang before [-], when this group of rich men saw that the stock market was profitable, many of them finally chose to invest in the stock market.

In the eyes of all early investors, stocks are not only high-end and elegant, but also make money quickly.

For Kuwaitis, there is another advantage of investing in the stock market, which is safety.

From 1976 to 1977, there was a stock market panic in Kuwait. The government, whose pockets were filled with oil and dollars, saw the stock market panic and directly spent money to stabilize the stock market.

Chapter 39 Arrival in Kuwait

This move by the Kuwaiti government is somewhat similar to the crisis that Xiangjiang encountered in later generations. In order to ensure the continued prosperity and stability of Xiangjiang's economy, the mainland government directly used foreign exchange to support the market.

In this way, investors are unscathed or not injured, which naturally intensifies the fluke mentality.

Because of the government's move to support the market, many Kuwaiti people began to hold up the dollars in their hands, which opened a series of stock market myths.

Presumably everyone is familiar with the word "cottage", right?Counterfeit mobile phones, counterfeit shoes and clothes, counterfeit various famous brands...

However, have you ever heard of the term fake stock market?

That's right, this group of Kuwaitis who used to herd camels, after disliked that the stock market in their country was not exciting enough, started the strange incident of counterfeit stock market.

And the place Yang Chen is going to now is the 80s, the fake stock exchange created by the Kuwaitis.

Because it is not influenced and controlled by the government, this copycat stock exchange is performing dazzling stock market myths every day.

Although this stock market is a counterfeit, the money in the stock market, before the bubble is burst, is still quite attractive in green dollars.

Rich people from all walks of life in the Middle East gathered together to create the third largest stock market in the world.

Yang Chen, who came from later generations, clearly remembers a report that said that the Kuwaiti people went into a state of madness in 1981, the year before the bubble came.

It is not a dream for many company stocks to double or tenfold in a month.

In particular, the stock price of one of them, the Gulf Industrial Development Corporation, even recorded a [-]-fold surge in one month.

And Yang Chen came this time, just for this stock, to increase the profit by fifty times in a month. Although this kind of thing has not happened before, but if it wants to happen in just one month, then it is really rare.

For Yang Chen, who is focused on fighting against the four major grain merchants in the future, this stock is absolutely not to be missed.

The Middle East, as a place full of oil and dollars, will not be missed by any bank in the world.

As early as two days ago, Yang Chen had already exchanged the 800 million he won from the casino through HSBC, plus the 1000 and 3000 million he borrowed from HSBC, for a total of 600 million Hong Kong dollars, and converted them into more than [-] million dollars.

After getting off the plane, Yang Chen, accompanied by Chen Aiguo and others, checked into a hotel near the Kuwait Soukal-Manakh Exchange through the introduction of HSBC.

After a day of flying, although he was a little tired, Yang Chen still managed to take over from Chen Aiguo the materials prepared for him by HSBC about companies listed on the Soukal-Manakh Exchange and companies to be listed.

For Yang Chen, a small rich man with 600 million US dollars and 3000 million Hong Kong dollars, HSBC did not neglect.

All the things Yang Chen needed, what HSBC Bank could provide, basically tried their best to provide them, and they were also very detailed.

A lot of English materials, if it wasn't for the predecessor who grew up in Xiangjiang and had a solid foundation in English, this pile of materials would be enough for Yang Chen to have a headache.

After flipping through the pages, Yang Chen didn't carefully understand these companies, any company that wasn't in his mind, Yang Chen basically threw it away with a glance.

Soon, Yang Chen found a company whose stock price soared fifty times in a month on the list of companies to be listed.

Seeing that this company will be listed on the stock exchange in two days, Yang Chen didn't look at other information.

Looking at the information in his hand, Yang Chen seemed to see a bunch of green dollars, and he was waving at him.

……

Two days passed in a blink of an eye. During these two days, Yang Chen learned in detail which Gulf Industrial Development Company he valued through HSBC.

After learning that the market value of the other party is about 3000 million U.S. dollars (fictitious, the exact amount is not clear), 300 million company shares will be issued in the stock market next, and the issued shares account for about 30.00% of the company's equity.

To Yang Chen's surprise, HSBC actually inquired about the other party's issue price.

Ten dollars a share, that is to say, the market value of the company that Yang Chen valued tripled when it was issued.

Although three times is a bit more, but in Kuwait's Soukal-Manakh Exchange, this issue price is already considered a conscience price.

You must know which company Yang Chen values ​​is not a shell company, but a real company with a certain reputation in Kuwait.

The reason why the company did not go public before was also because it saw that the Soukal-Manakh Exchange was not recognized by the government, so it had concerns.

But when he saw that many listed companies in the exchange were sought after by people, and the company's market value doubled, the backstage bosses and shareholders of the company that Yang Chen liked began to be unable to sit still.