Break out of the courtyard

Wednesday, November 1972, 1, sunny.

The Kowloon Stock Exchange opened, working with the Far East Exchange and the Gold and Silver Stock Exchange to promote the listing of Chinese companies.

The original intentions of these three exchanges were good, but in actual operation, they were not as good as they thought.

The earliest established Hong Kong Stock Exchange is managed by Eagle people, and most of the listed companies are Eagle-funded companies. Ordinary people on Hong Kong Island have no chance to participate in stock trading.

It wasn't until the Far Eastern Exchange opened in 1969 that ordinary people had the opportunity to buy and sell stocks.

Now, with the opening of the Kowloon Stock Exchange, a large number of new shares are issued, and the ordinary citizens who are frantically chasing the new shares are like... a huge crowd of people!

If it weren't for the stock trading during these years and the stock freeze period, I would probably have a turnover rate of 500%.

After the market closed on the afternoon of January 1, stock broker Chen Shuting came to deliver stock certificates again.

Just when Tang Xin checked the number of stocks and signed the stock delivery order in the living room, a piece of news that aroused imagination was played on the TV:

AVIC’s first flight to New York City, with a range of 15800 kilometers, arrived successfully!

"Did you see that this plane flew over, which means that the relationship between the two parties is about to break!" Zhang Heping pointed at the TV and said: "Once this relationship eases, the bull market in Hong Kong stocks will come! It just so happens that next year will be bull again!"

The speaker is intentional and the listener is intentional. This news spread from the mouth of stock broker Chen Shuting, allowing her to gain many new customers.

However, Hong Kong stocks have been adjusting in January, and the Hong Kong stock index has dropped from 1 points in September last year to 9 points today, giving investors a rare moment of sobriety.

On January 1, the saleswoman who used to sell color TVs called me and specifically informed me that tonight’s Happy Tonight program would be broadcast in color.

At 22: that night, while Zhang Heping and his wife were watching a color program, stockbroker Chen Shuting came to deliver the stock certificates.

In the past week, this girl has been busy late. Firstly, there are more customers, and secondly, the stock trading procedure is troublesome.

"Mr. Zhang, Mrs. Zhang, as per your request, I have bought all 77 shares of Dairy Farm's shares. The average price is 33 yuan, and today's closing price is 1 yuan." Stock broker Chen Shuting was sitting on the sofa, waiting. As Tang Xin counted the stocks, she said to Zhang Heping:

"Next, I will continue to pay attention to the trends of the Milk Company and report relevant information to you every day. If you want to sell the shares of the Milk Company, you can also call me. I will be there during the opening hours."

After all, she is a big customer with more than 20 million yuan, and this transaction is a commission of more than 200,000 yuan. Although the company takes the lion's share, she does not lose money.

Zhang Heping gave her a 1% commission. If it were the previous 0.7% commission, she would have nothing to do with it.

"Xiao Chen!" Zhang Heping looked at Chen Shuting, who looked hopeful, and said with a smile: "You have to stay in this position for a long time. Don't let you resign and go stock trading when we want to sell stocks."

"Mr. Zhang, don't worry!" Stock broker Chen Shuting hurriedly stood up to express her position. She actually admired this kind of young rich man who lost 48 yuan without even frowning. "You are my first client and also me." My biggest customer, I will definitely serve you well until the day you close your account."

"Yeah!" Zhang Heping nodded and continued watching TV.

This afternoon, the account manager of Huifeng Bank called and said that Tang Xin's account balance was still HK$31.3 (loan of 2580 million).

Currently, the average gold price at the Hong Kong Island Gold and Silver Trade Center and the local Lundu Gold Market is 41 magnesium dollars per ounce, an increase of 6 magnesium dollars from last year.

This wave of gold price increases stems from the Smithsonian Agreement last December. The magnesium dollar depreciated against gold and other currencies appreciated against the magnesium dollar.

At present, the Hong Kong dollar against the Eagle Pound is still a fixed exchange rate, 14.5455:1.

The exchange rate of Eagle Pound to Magnesium Dollar is 1:1.05.

After this conversion, the exchange rate of Hong Kong dollar to magnesium dollar is 13.583:1.

In other words, this bull market in Hong Kong stocks is actually affected by the depreciation of the magnesium dollar. Big capital urgently needs to use other foreign currencies to hedge the risk of depreciation, so it quietly sneaks into the Hong Kong stock market and waits for the appreciation of the Hong Kong dollar!

Zhang Heping deduced from the Plaza Accord and discovered the hedging intentions of foreign capital in Hong Kong Island.

Among them, the biggest clue is that the fixed exchange rate of the Hong Kong dollar against the Eagle Pound will be cancelled, and will become a fixed exchange rate of the Hong Kong dollar against the Magnesium dollar.

Zhang Heping has no relevant memory of the specific time of cancellation, but he is certain that it was within the past two years.

Therefore, since the Hong Kong dollar is going to appreciate significantly, he is not in a hurry to exchange it for magnesium dollars to buy gold. He will wait and see.

Zhang Heping also told his wife Tang Xin about this matter. Tang Xin felt that the timing of canceling the fixed exchange rate of the Eagle Pound was very important. Foreign capital may start to withdraw funds from this point, so she took a small notebook and wrote it down.

In this way, there are three nodes. At the end of November this year, the dairy company released good news related to real estate, and Hong Kong Island canceled the fixed exchange rate of the Eagle Pound.

After seeing off stockbroker Chen Shuting, Zhang Heping was about to turn off the TV and drag his wife to do some evening exercise when a woman suddenly sang "Walking on the Road of Life" on the TV.

Then, the next day, his wife Tang Xin took him and the newly purchased camera to Polydor...

A 1-inch tape can record the audio and video of 0.75 songs. Zhang Heping originally only planned to record 6 new songs. As a result, his mother-in-law negotiated with Polydor for a licensing fee of 6 songs. He still had the right to use the songs, but the period was only 2 years.

What else can I say? If my family has such a huge debt, then I’ll just record 6 more songs.

At the close of the market that afternoon, stockbroker Chen Shuting called slightly hesitantly, saying that the milk company's stock price had dropped to 32 yuan.

Zhang Heping was calmer than her and asked her to think about whether the plane had flown back.

Over the weekend, Zhang Heping took his wife and children to watch horse racing, but the results were still unclear. There were too many human interference factors, and he lost more than he won. It was really boring.

Time came to January 1st. After the market closed on Monday afternoon, stockbroker Chen Shuting called excitedly and said that the milk company's stock price had risen by 31 point, closing at 1 yuan.

In other words, this increase is not even enough for commissions and stamp duties.

In the following two weeks, the milk company's stock price fluctuated up and down. Before the market closed on Friday, February 2, it took a snail's pace and broke through to 11 yuan.

Then it’s the Spring Festival holiday…

On New Year's Eve on the 14th, Zhang Heping, his wife Tang Xin and their children went to their eldest uncle Tang Ren's family's Mid-Levels villa for New Year's Eve dinner. The second uncle's family was in Xindao and did not return.

During the dinner, Tang Ren talked about the news coming from China. He and Tang Xin's parents were still inside and there was nothing they could do.

After that, the whole family started talking about stocks and advised Tang Xin to quit the stock market and just be a housewife with peace of mind!

Faced with this "I'm doing this for your own good" concern, Zhang Heping and Tang Xin looked at each other and smiled without refuting.

This year, I still haven’t seen my uncle Tang Ren pay any dividends. Zhang Heping guessed that the eldest and second eldest sons of the Tang family have secretly separated. As for the third sister from Taiwan and his mother-in-law, Xiaosi, they are probably married off. Daughter, there is no chance.

The key is that Tang Xin and the three of them are not born from the same mother.

Tang Xin's mother is still in the capital, suffering with Zhang Heping's old father-in-law!

Zhang Heping did not tell Tang Xin his guess, and she probably figured it out, but Zhang Heping was not at home often, and usually relied more on his eldest brother Tang Ren and his family.

That's why Zhang Heping was so happy to give prescriptions for weight loss granules.

Looking at the increasingly thin bodies and yellowing skin of several sisters-in-law, the weight loss effect is quite good, but it is too detrimental to the body and they still lack a dose of tonic to maintain their health.

Years later, Zhang Heping didn't say he was leaving, and his wife Tang Xin didn't urge him. The couple were both waiting for news.

Monday, February 1972, 2 was sunny.

The AVIC plane that flew to the other side of the ocean flew to the capital today carrying Mr. Ni.

As soon as this news came out, the whole world was shocked!

The Hong Kong stock market surged across the board, with the dairy company's stock closing at HK$51!

It was night, Zhang Heping swam back peacefully...

On the 28th, as soon as the Shanghai Communiqué came out, Hong Kong Island was boiling!

The easing of relations between the two sides of the ocean means that export business is getting better.

When the Hong Kong stock market was booming, some Chinese-owned real estate companies also joined in the fun and applied for listing, shouting the slogan "I would rather speculate in real estate stocks than buy real estate."

……