In the last month of 1980s, the stock market and real estate market in Xiangjiang were still performing well.

In terms of the stock market, the Xiangjiang stock market broke through the 1,000 point mark in June (it fell to its worst in 1974 only 150 points). By November, the Xiangjiang stock market returned to its peak, reaching 1,654 points, twice the highest point of the stock market last year.

The annual turnover of Hong Kong stocks was as high as HK$95.6 billion, nearly four times the turnover of last year (the annual turnover in 1979 was 25.6 billion).

The stock market is so prosperous that people have rekindled their enthusiasm for the stock market. Whether it is a peddler, a housewife or a urban white-collar worker, the rich in the city are generally involved in stock investment.

The number of accounts opened by the four major stock exchanges surged from 256,000 in 1974 to 1.85 million at the end of 1980s. Nearly half of the people in Xiangjiang participated in stock trading, which shows its prosperity.

And a place that is more popular than the stock market is the real estate market.

In terms of commercial buildings, Kinmen Building has risen from HK$960 million to HK$1.68 billion, which is no longer the largest increase.

The two commercial buildings of the Federation and International changed hands twice from August 1980 to January 1981. The price soared from HK$180 million to HK$2.23 billion. In less than half a year, the increase exceeded one double, which is the most terrifying. This also reflects the booming and crazy real estate transactions in Xiangjiang.

In addition to commercial buildings, the prices of civilian residential buildings also soared. In 1975, small and medium-sized residential buildings were about 230 yuan per square foot. At the end of 1980s, the selling price per square foot had risen to 1,000 yuan. In five years, it increased four times, with an average annual increase of 80%.

The reason for this is that, because the bank interest rates are low, far lower than the increase in real estate, people dare to buy a house with loans. Anyway, compared with the increase in housing prices, those interest rates are not fearful at all.

Secondly, because the [Selling House Flowers] system is popular. Home buyers can buy houses for speculation as long as they pay 5% to 10% in advance. This has led to a large number of people who do not have the conditions to buy houses actively participating in the competition for buying houses. Under the fierce competition, real estate prices in Xiangjiang naturally soared.

Third, with the rise of the property market in Xiangjiang, a large amount of overseas hot money poured in for speculation, with a scale of up to 100 billion Hong Kong dollars. This further stimulated the crazy situation in Xiangjiang's property market.

Fourth, the Hong Kong government has not made effective regulation. Faced with the suggestions put forward by buyers who are really in urgent need of [restricting the speculation of housing flowers], [held taxes on housing flowers transactions], [raising bank mortgage interest rates], etc., the Hong Kong government will not adopt them and let them go.

These conditions collided with each other, causing the housing prices in Xiangjiang to soar. However, most home buyers are speculators. They really want to buy houses, but they have no choice but to be helpless because of the soaring housing prices.

According to statistics, as of the end of 1980s, the vacancy rate of newly built residential buildings in Xiangjiang has reached 25%. So many houses are idle and no one lives in it. On the other hand, a large number of people are forced to live in cage houses and clang houses because they can't afford to buy houses, and a family of seven or eight are crowded in pigeon cages.

The rich have a vast building, while the poor have no tiles to cover their heads. This is a naked and cold reality in Xiangjiang.

...

However, the prosperity of the real estate market and the stock market is not a bad thing for Ye Jin.

The real estate market is booming, and all the properties developed by Tongxin Real Estate can be sold out, which has also greatly increased the company's profits; while the stock market is booming, Tongxin Real Estate's stock transactions are frequent, and its stock price continues to rise, which has also made its market value rise step by step.

In addition, Ye Jin is also the major shareholder of He Huang and Cheung Kong. These two companies also had a good development last year.

Since Li Chaoren took over, He Huang began to turn losses into profits. In 1979, it changed from the previous loss to a profit of HK$320 million. In 1980, its profit rose to HK$560 million.

After such performance was released, shareholders of all sizes were very satisfied, which also caused the stock price of Hutchison Whampoa to rise sharply. When Li Chaoren took over Hutchison Whampoa in 1979, the stock price was only 14 yuan and 20 cents. Now it has risen to 24 yuan and 4 cents, an increase of nearly 70%.

Cheung Kong stock price has increased by about 60% in the past year, which has also made Ye Jin a big profit.

...

In addition, like Jiayi Shopping Channel, Myth Film has also developed well this year.

Jiayi Shopping Channel launched its own brand [Wanjiale] in accordance with Ye Jin's instructions. At the beginning, it was just toilet paper, plastic wrap, plastic bags and other daily necessities. Because of its cheap price and reliable quality, it became popular after its launch.

At present, there are more than 40 products under the Wanjiale brand, including daily necessities, beverages, food, clothing, shoes and socks.

Because Jiayi Shopping Channel helps promote, these products are very popular. This has also led to a significant increase in profits of Jiayi Shopping Channel. In 1980s, its net profit rose to HK$640 million, an increase of HK$290 million over last year.

Such good performance also made the other six shareholders very excited. They are already considering hoping to launch Jiayi Shopping Channel on the list.

Ye Jin naturally had no objection to this. However, everyone is still discussing how to go public. Some people want to apply for listing, and some people want to buy shells to go public, which is a lot.

In terms of Myth Film, its profit reached HK$45 million last year.

In addition to the big sale of "Beware of Little Hands", Yuan Biao also released the "Fearless" kung fu film, and Wu Yaohan also filmed "Little Husband", and Tang Zhenzong and Tang Zhenye brothers starred in "Two Dragons Going to the Sea", and several movies sold well.

Tang Zhenzong and Tang Zhenye brothers joined Myth Film for 70s and 8 years. Because of their handsome appearance and good image and temperament, they were quickly promoted.

However, because they are not from the Red Pants and it is difficult to shoot kung fu movies, they can only play supporting roles in recent years. However, with the rise of New Wave movies, the themes of Xiangjiang movies have gradually diversified.

In addition to kung fu films, martial arts films, comedy films, such as police and gangster films, ethical films, suspense films, romance films, etc., they have also gradually been accepted by the audience.

So the spring of the brothers Tang Zhenzong and Tang Zhenye has come. "Two Dragons Going to the Sea" is an urban police and gangster film. The story is written in "Beware of the Little Hands", telling the story of two brothers who are cheating and wisely punishing the boss of the community.

The screenwriter of the script is Huang Bingyao, known as the "Deadly Scissors' Foot". Huang Bingyao graduated from the Department of Art at the Chinese University of Hong Kong. He originally worked in the Hong Kong government department and then served as a teaching position in the school.

Last year, Guo Zhenghong was attracted by his talent because he contributed to Mythology Pictures, so he immediately invited him to join Mythology Pictures. Huang Bingyao was originally very interested in Wuwenyi, so he happily accepted Guo Zhenghong's invitation to join Mythology Pictures.

After joining, Huang Bingyao created three scripts that year, including the drama "Two Dragons Going to the Sea". After its release, the movie had a good box office, achieving a good result of 3 million Hong Kong dollars.

Although it is not as good as "Beware of Little Hands", it is also much higher than most movies. Therefore, not only Huang Bingyao made a big splash, but Tang Zhenzong and Tang Zhenye brothers also became famous.
Chapter completed!