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042American Dinner

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    Zhao Zhenbei stood up and took over the conversation: "Regarding the shares of the security company, I originally wanted to discuss it with you after the company moved to Hong Kong, but since the eldest brother has mentioned it now, I will talk about it here.  ! This security company has a market value of about US$2 billion. Our Zhao family has invested US$800 million to purchase 40% of the shares. The licensee of this security company will be Ye Zhichao. Brother Ye will be the general manager, so we will help him with US$200 million.  Buy 10% of the shares! I think everyone is okay with this, right? Is Brother Peter interested in buying the remaining 50% of the shares? If he has no intention of buying shares, then it will all be left to the He family!"

    "Should the funds for purchasing the shares be delivered immediately or can they be postponed?" Peter didn't have much funds left, so he raised the question.

    Zhao Zhenbei also knows how much funds each of the three parties can mobilize, so he does not insist on immediate payment: "The payment for the purchase of shares can be extended to be delivered within half a year! Is this okay? If we cannot pay on time, then we  Just take back the part of the equity that has not been paid in full! Everyone, take a look at the contract first, and if there are no problems, sign it!"

    Sign?  Why not sign it?  Peter quickly replied: "I will also spend 200 million to buy 10% of the shares, and the remaining 40% will be given to the two Mr. He! Is it okay with the two Mr. He?"

    He Shaochang and He Yuanxing both smiled and nodded, of course there is no problem!  40% of the shares, the major shareholder!  The fact that the Zhao family holds shares in it does not mean that they want to control the security company, otherwise they would just ask for 51%.

    In other words, the He family and Ye Zhichao, as the general manager, are the ones who have the say in the security company. The Zhao family just wants to use the deterrent influence of the security company.

    As early as the reorganization of the Fourteenth K, Zhao Zhendong pointed out the future direction of the He family, that is, the real estate industry and the entertainment industry. These are two industries with very profit margins. These two industries have great power over the security company.  The requirements are very high, and people who have no influence on the road will not easily enter these two industries.

    Since neither the He family nor Peter had any objections, the spoils-sharing meeting at the Zhao family was successfully concluded, and a new money-grabbing plan was also launched.

    The so-called stock index futures are futures with the stock index as the underlying object.  What the two parties trade is the stock index price level after a certain period of time, and delivery is carried out through cash settlement of the difference.

    In the 1970s, Western countries experienced economic stagflation, slow economic growth, soaring prices, and turbulent political situations. The stock market experienced the most serious crisis after the war. The Dow Jones Index fell by more than 50% in the 1973-74 stock market decline.  .

    People realized that there were no appropriate financial instruments to use in the face of the stock market decline. In October 1977, the Kansas City Stock Exchange (kcbt) submitted a report to the U.S. Commodity Futures Trading Commission (CFTC) to carry out stock index futures trading, and proposed to use the Dow Jones  The "30 Industrial Stocks" index is used as the trading target.

    Due to the opposition of Dow Jones, KCBT decided to use the valueline index (valuelineindex) as the trading object of futures contracts.  In April 1979, KCBT revised its report to CFTC.

    Although the CFTC attaches great importance to this report, the U.S. Securities and Exchange Commission (SEC) and the CFTC have differences on who will regulate stock index futures, resulting in an inability to make a decision.

    In 1981, the new CFTC Chairman Philip M Johnson and the new SEC Chairman John Schade reached the "Schade-Johnson Agreement", which clearly stipulated that the jurisdiction of stock index futures contracts belongs to the CFTC.

    The agreement was passed by the U.S. Congress in 1982.  In February of the same year, CFTC approved KCBT's report. On February 24, KCBT launched Value Line Index futures contract trading. On April 21, CME also launched S&P500 stock index futures trading, followed by NYFE on May 6.  The nyse composite index futures trading was launched on the same day.

    Once the stock index futures were born, they achieved unprecedented success. The value line index futures contract had 350,000 transactions in the year it was launched, and the S&P 500 stock index futures had an even greater transaction volume, reaching 1.5 million contracts.

    In 1984, the trading volume of stock index futures contracts accounted for more than 20% of the trading volume of all futures contracts in the United States. Among them, the trading volume of S&P500 stock index futures was even more eye-catching, becoming the second largest financial futures contract in the world.  The influence of the S&P500 Index on the market has also risen sharply.

    The success of stock index futures not only greatly promoted the scale of the domestic futures market in the United States, but also triggered a worldwide stock index futures trading boom.

    This has not only caused some foreign exchanges that have opened futures trading to follow suit and launch stock index futures trading with their own characteristics. Even some countries and regions that have never carried out futures trading often use stock index futures as a way to carry out futures trading.A breakthrough in trading.

    By July 1987, a total of six futures had been opened in the world, including the S&P 500 Index futures, the Dow Jones Standard Index futures, the British Financial Times Index futures, the Australian Common Stock Index futures, the London Toronto 50 Index futures, and the Singapore Nikkei 225 Index futures.  stock index futures.

    After World War II, the economic strength of the United States was greatly enhanced, various investment activities were very active, and the securities market entered a stage of prosperity.

    Stock indexes rose sharply in the 1950s, reaching a peak in 1966 with the Dow Jones Industrial Average approaching 1,000 points.

    Since then, the stock price has been volatile.  Due to the oil crisis in 1974, prices in the United States skyrocketed and inflation was serious.  At that time, the "Watergate Incident" occurred again. The double blow of the political crisis and the economic crisis caused the U.S. stock market to plummet.

    The Dow Jones Industrial Average fell from its peak of 1,016 points in January 1973 to 557 points at the end of 1974, and the New York Stock Exchange's market value fell by 40%.

    In the early 1980s, stock prices began to rebound, reaching 1,036 points on October 21, 1982, breaking through the high point of nearly ten years ago, and reaching 1,065 points on November 3, setting a post-war record high.  From then on, the stock index continued to rise for five years, reaching 1896 points in December 1986, an increase of 78% from 1982.

    At the same time, the trade deficit and fiscal deficit of the United States were also growing alarmingly. In 1985, 71 years later, the United States once again became a net debtor country, with a debt of US$107.5 billion, making it the world's largest debtor country. In 1986, its external debt further increased.  All this has cast a shadow on the ever-heating stock market.  (Remember the website address: www.hlnovel.com
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