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1402 [New Deal to Rescue the City]

Seeing the scene of the scene being sent back by the "war correspondent" on TV, the people in Hong Kong were surprised and speechless for a moment.

"Oh my God, why is Hong Kong so in chaos?"

"Since the June 7th explosion, I have never seen Hong Kong so chaotic. It's a paradise to become purgatory!"

"Husband (wife), let's immigrate. I really can't stay in Hong Kong anymore!"

The public was shocked and lost confidence in Hong Kong's future.

Although the chaos lasted only half an hour and was calmed down under the strong suppression of the police, the finishing work continued until midnight.

The people facing the street could clearly hear the sirens of police cars, fire trucks and ambulances coming from time to time on the road, which made everyone panic and couldn't sleep all night.

Through the news program, it can be seen that the Governor of Hong Kong has issued an order to mobilize British troops stationed in Hong Kong to enter the city and set up checkpoints at major intersections to maintain order. The soldiers did not withdraw until the end of the work at 5:30 in the morning.

Seeing the scene of the garrison troops deploying guns and live ammunition on the screen, the Hong Kong people suddenly felt a murderous atmosphere of "black clouds are pressing against the city and the storm is about to come and the wind fills the building". This made the Hong Kong people who have been in a stable life for twenty years and have been used to peaceful life.

What made the public feel worse was that at 9:30 pm, the US stock market opened and fluctuated again. The Dow Jones Index fell from 1,950 points to 1,793 points, a drop of 8%.

The resurgence of US stocks has made Hong Kong stock investors lose confidence even more. Because they originally thought that since the US stock market has begun to recover, Hong Kong stocks should soon stop falling and rise. After all, the plunge of Hong Kong stocks was caused by the US plunge. But now the United States has plummeted by nearly 160 points again, which has caused people's confidence in Hong Kong stocks to collapse.

...

"Mr. Xia, Hong Kong is in chaos and US stocks plummeted again. Opening this morning, the Hong Kong stock market must be very lively." Liang Botao called Xia Tian with a smile.

"Yes." Xia Tian nodded, and then asked worriedly, "Botao, why did the US stock market plummet again? Could it be that this stock market crash is not over yet?"

"Mr. Xia, it is normal for the stock market to fluctuate and fall after the stock market crash." Liang Botao smiled.

One-quarter of the population in the United States is directly engaged in stock investment. In this stock market, hundreds of billions of dollars evaporated in the US stock market, causing heavy losses to these people, weakening their purchasing power, reducing consumer spending, and directly affecting corporate production.

It is estimated that next year, private consumption expenditure in the United States will drop by $50 billion, causing the consumption-dominated U.S. economy to suffer a heavy blow.

The stock market crash also caused companies to vote for distrust in the US economy and were unwilling to expand production scale. The stock market crash also caused companies to be afraid to issue new shares, and financing problems arose. The decrease in investment has led to a large number of workers being unemployed, which has caused serious social problems.

Before the US stock market crash, foreign capital invested $200 billion in the first half of 1987. However, after the stock market crash, foreign capital's confidence in the US stock market was severely frustrated and they withdrew from the US stock market.

With internal and external troubles, the US economy naturally faces severe challenges, and it is natural that the US stock market will fall again. However, this should be just an adjustment, and the possibility of another stock market crash is slim.

After listening to Liang Botao's explanation, Xia Tian nodded.

...

"Brother Tian, ​​yesterday's scene was so scary." Wang Qixian said with lingering fear when he woke up early to eat.

Yesterday, investors gathered for protest at the Governor's Office, and ATV also sent an interview team to report, and the scene was just captured.

The chaotic scenes, the panic crowd, the brutal burning, and the violent suppression all shocked the Hong Kong people. It was the first time that Wang Shixian saw such a scene in Hong Kong and was also very shocked.

"Yes, the quarrels were really awesome yesterday." Xia Tian nodded and smiled, "But don't be afraid, even if it's a big deal outside, it's fine, we can't make a fuss here."

Their Mount Katory is a noble residential area with tight security and a key target of the police patrol. Unless there is really chaos in the world, they will keep the weather calm here.

What's more, they also have bodyguards such as Wang Baoshen. They can beat ten of them at one time. Even if Yunmin really rushes in, they will not cause any harm to them.

"Yes." Wang Qixian nodded, and then asked with concern, "Then do you still have to go to work today?"

"Yes." Xia Tian smiled slightly, "The more I am, the more I should stand up and stabilize people's hearts. Otherwise, the company will be in chaos and Hong Kong will be in chaos."

"Then you have to be careful." Wang Qixian quickly instructed.

"Don't worry, it's broad daylight now, and under the sunny day, I don't believe anyone dares to be arrogant." Xia Tian said with a smile.

...

After breakfast, I returned to the company.

Just as the atmosphere in the company was very depressing, everyone had no smiles on their faces, but they were all frightened. It was obvious that they were also scared yesterday.

"Mr. Xia, good news, yesterday the Hong Kong government held a meeting overnight to discuss the strategy of rescuing the market and introduced several policies that are beneficial to us." Liang Botao reported with a smile.

"Why, do you have any news?" Xia Tian asked quickly when he heard this.

"I have news, but the news is not true. I only know that the acquisition and merger committee is going to introduce temporary policies, which seem to be targeting acquisitions and mergers." Liang Botao said with a smile.

"Yeah." Xia Tian nodded when he heard this, "The market will be opened in one hour. I think the Hong Kong government should announce it soon. If it is really modified to the acquisition and merger policies, it will indeed be beneficial to us."

The acquisition and merger committee is responsible for supervising the acquisition and merger of listed companies. When the acquirer acquires shares of 35% of the shares, the rules for issuing a forced acquisition offer to all shareholders are set by it.

Now that it comes to rescue the market, it is likely that the requirements for the acquisition and merger of listed companies can be relaxed so that the market can be stimulated. Once it relaxes the requirements, it will naturally be beneficial for summer acquisitions. Therefore, he very much hopes that the Hong Kong government can announce its rescue strategy as soon as possible.

At nine o'clock, the Banking Association was the first to announce that in October, the deposit interest rate would be lowered by 175%. At nine o'clock, the foreign exchange fund, HSBC, Jockey Club and other organizations announced a rescue, and would enter the market to buy stocks to stabilize people's hearts.

At 9:00, the Acquisitions and Mergers Committee announced that it would temporarily exempt 35% of the mandatory full acquisition starting point and 5% of the annual increase in equity options.
Chapter completed!
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