nucmednet Chapter 80 Hyenas Disrupt the Market and Driven by Greed
Chapter 80 Hyenas Disrupt the Market and Driven by Greed
As the stock market becomes increasingly active, the Hong Kong government is intensifying its crackdown, ordering the four stock exchanges to reduce trading volume.
The four stock exchanges were unwilling, so the Hong Kong government, citing violations of the Fire Services Ordinance, sent firefighters to forcibly enter the four stock exchanges for inspection and force shareholders out of them.
The Far East Association was located in the Chinese Building, an old building with more than 50 years of history and a history of war. Naturally, there were fire hazards inside, and it could not withstand investigation.
On January 22, the four stock exchanges could not withstand the pressure and announced that they would suspend stock trading every Monday, Wednesday and Friday afternoon. However, things obviously did not develop as the Hong Kong government had expected.
Since the exchange is not open for trading, go directly to a brokerage firm. Each brokerage firm has its own office, and long queues form outside.
Kowloon, Mong Kok.
With shops springing up everywhere, "stock brokerage shops" were everywhere, making the already chaotic stock market even more chaotic.
The Hong Kong government is powerless to do anything about it.
Since the opening of Hong Kong, stock trading has only existed in the "Hong Kong Club." Private agreements were reached to register the stock in the place of registration, without pursuing management rights or even registering it.
As stock trading expanded, it began to circulate in teahouses and coffee shops. The earliest brokers would run around every day with a pen and stock certificates.
It wasn't until 1914, with the establishment of the Hong Kong Stockbrokers Association, that stock trading had a precise address, but large-scale transactions were still completed privately or at the Hong Kong Clubhouse.
Restricting exchanges is simply a return to that era of trading, and it also recreates the chaos of that era.
After the establishment of the Hong Kong Stockbrokers Association, it was stipulated that the commission would be HK$5 for transactions exceeding HK$1000, and HK$0.025 for transactions of HK$4 or less.
Previously, although transactions and even quotes followed market economic changes, the difference and dispersion of information gave brokers a great deal of room for manipulation.
We are now back to an era of chaotic trading, although the closing prices of the four exchanges in the morning are still used as a reference.
Brokerage firms specializing in small-cap stocks will do everything in their power to inflate stock prices in pursuit of profit, and their commission rates are even higher than those of regular brokerage firms.
As a result, when the stock exchange opened the next day, all stocks in the Hang Seng Index surged, reshuffling the stock prices of all companies and further fueling the mentality of getting rich quick through stock speculation.
And registering shares after purchase? That's completely unheard of.
Buying in the morning and selling in the afternoon has become the norm. Paper stocks have changed hands many times before they are even in hand, and the Hong Kong government's control over stocks is constantly declining.
Everything has its advantages and disadvantages!
Governor Murray MacLehose, a diplomat by training, was extremely skilled in diplomacy and foreign relations, but he was indeed lacking in consideration for administration and economics. England had essentially shot itself in the foot.
In fact, as early as January 23, when the American leader John A. Smith announced the end of the South Vietnamese war, no amount of efforts to suppress the stock market could have worked. Southeast Asia was destined to take off economically as it emerged from the quagmire of war.
Chen Guanjiang, observing the situation with a detached eye, paid no attention to the Hong Kong government's anxiety, but instead focused his gaze on a middle-aged man with a tense expression.
Unlike the stock market investors who were all smiles while queuing, this guy was also chatting and laughing while queuing, but his expression was filled with tension and unease, and he kept looking around.
After investigation, the paparazzi quickly identified several printing plants that produced flyers and children's stickers.
After investigation, two underground printing plants in Causeway Bay and Java Road were finally identified.
The underground printing plant located in Causeway Bay was the headquarters of "Offset Yellow" Wong Hon-wai.
Chen Guanjiang did not alert the enemy, but continued to search along this line, and thus found the middle-aged man.
This guy's name is Zhou Qirong, a member of a branch of the Zhou Yongtai family. He is a licensed broker at Jincheng Securities, a subsidiary of the Far East Association, and he used brokerage accounts to sell fake stocks and forge settlement records.
Nowadays, even the cover of a brokerage firm is no longer needed. People directly take fake stocks to a stock brokerage shop to trade, using even more irregular trading methods to conceal their crimes.
"Keep sending people to keep an eye on things! Any news from the other side?"
Chen Guanjiang was too lazy to look any further. It wasn't the time to uproot them yet, especially since they hadn't found their channels for selling stolen goods.
Which step in apprehending a criminal is the most important?
Of course, it's about recovering the embezzled funds!
If we allow them to transfer the embezzled funds, then even if we wipe them out completely, it will be of no use.
Tang Yufei quickly provided the answer: "Found it! The patent number for the Hong Kong antenna is fake; there are no patent applications for television antennas in England."
Chen Pu probably never expected things to develop to this point.
Chen Dacai, the family member who was responsible for taking the blame afterward, not only disobeyed orders and arbitrarily increased capital and expanded shares, but also dared to forge patent documents.
Clearly, Chairman Chen Dacai understood that there was little difference between making a hole in the stock market worth tens of millions of Hong Kong dollars and hundreds of millions of Hong Kong dollars; either he would successfully abscond or he would spend his life in jail.
If that's the case, why not create an even bigger hole?
If they manage to swindle enough money to use as leverage, they can live a more carefree life if they succeed in running away, and even if they fail, they will still have room to maneuver.
People! They are not afraid of falling into hardship.
What I fear most is being worthless when I'm in trouble.
Chen Guanjiang continued, "Collect evidence of the forged patent documents for Xiangjiang Antenna, send people to keep a close eye on Chen Dacai to see who he contacts, and find out his channels for selling stolen goods..."
Tang Yufei looked worried and said, "Chairman Chen! I'm worried that if we make any big moves regarding Chen Dacai's distribution channels, we might alert him."
One is the owner of an underground printing factory, and the other is the chairman of a listed company. Their protection is clearly not on the same level, and the self-imposed limitations of the investigation make it difficult to obtain evidence.
"It doesn't matter!"
Chen Guanjiang said nonchalantly, "Even if we're discovered, we'll still follow him! If he dares to chase us away or run away, we can arrest him on the spot."
The charge of forging patent documents alone would be enough to satisfy the Hong Kong government.
This is also to reduce losses for Hong Kong, as the public's right to oversight is one of the highest powers held by the media.
Whether Chen Dacai is willing to cooperate is not within Chen Guanjiang's consideration.
Tang Yufei hesitated for a moment, then tentatively asked, "Chairman Chen, why are we so determined to keep targeting Chen Dacai?"
The "poisoning horse case" was exposed that day in order to control the grooms and use this as a way to enter the horse racing news field and strengthen the "Wang Gou Daily".
The investigation into Huang Hanwei's fake stocks was because he held HK$300 million worth of stocks, allowing him to control the timing of the stock market crash.
Tang Yufei couldn't understand the investigation into the embezzled funds of the antenna company at all. Even if the money was a lot, it would not end up in Chen Guanjiang's hands. What was the point of going to great lengths to investigate it?
To this, Chen Guanjiang simply smiled and did not answer, but couldn't help gazing at the beautiful Victoria Harbour.
Through the passing cargo ships, it seemed as if I could see Central, Queen's Road, Man Bun Building, and the bustling Kowloon Stock Exchange...