Chapter 477: Long Real Estate Listed

The hot stock market suddenly hit the brakes.

Soon after, some junk stocks began to plunge.

The Gangdao stock market, which had only just lifted its head, began to adjust.

This adjustment lasted through 1970 and arrived in 1971.

After this episode, Hong Fu also began to pay attention to the stock market chaos.

But Dai Linzhi is already semi‑retired; who would manage this?

We can only wait for the new governor.

Other exchanges, having learned from a setback, have mastered shell‑buying.

Didn't you say restaurants are junk stocks?

We call them food‑service companies.

So, is it now high‑end and upscale? Moreover, we benchmark against Pizza Hut and also aim to be a chain.

Very few people can discern such half‑true, half‑false news.

Soon the stock market heated up again.

The heat of the Gangdao stock market is unstoppable.

Because Gangdao is now an export‑oriented, surplus‑running economy, after selling massive goods they are converted into US dollars.

Moreover, expectations of a decoupling between the dollar and gold grow stronger, and the depreciation risk becomes larger.

Instead of letting this money continue to lose value in hand, it's better to invest it in the stock market.

This is also one of the main reasons for the stock market's rise.

IPO subscription in the stock market is the most Earning Money trade; Blue Dragon, because of strict review, has limited listings and cannot compare with other exchanges.

Clients of the Azure Dragon Securities Exchange inevitably began to drift away again.

But this time people have learned the lesson.

Subscribe to IPOs on other exchanges.

Hold them for Blue Dragon.

Because Blue Dragon‑listed stocks grow relatively steadily, and their financial reports are clearer, buyers feel at ease.

Seeing this, Xu Minghao was less worried.

As long as it doesn't collapse, everything is manageable.

Meanwhile, inflation in Western countries remains high, and to cut the ever‑rising costs, Western manufacturing has begun to accelerate relocation.

Gangdao has become one of the destinations for relocation.

Many Stars seized the opportunity to acquire several near‑bankrupt appliance companies.

Numerous Stars Electrical Appliances began shifting from electric heating and motors to the electromagnetic field.

Products such as radios, televisions, microwave ovens, etc., are all electromagnetic products.

And electromagnetics and electronics are inseparable; Numerous Stars Electrical Appliances started indirectly entering the electronics industry.

Nowadays in Gangdao, radios have become commonplace.

Industrial relocation brings a massive increase in orders.

Many Stars' profitability began to grow rapidly.

Because it has an independent research center, Many Stars' technical reserves are ample.

Especially after Many Stars went public, it achieved financial independence and no longer has to endure Yang Qing's blood‑letting.

A large amount of money with nowhere to spend began to be heavily directed toward the research center.

With abundant funding, the research center saw many projects advance boldly.

Technical achievements began to explode.

Many Stars began shifting toward high‑tech industries.

Now they can independently design PCBs.

The boost in profitability made Numerical Stars Electrical Appliances shine in the stock market.

When Hong A Ma, who bought 125 shares of Numerical Stars Electrical Appliances at a price of 1.6, later came to Great Song Bank, she found her shares were now worth 312.

Hong A Ma beamed with joy.

She told everyone that she was Earning Money.

"My stocks, big and small, are Earning Money, up by more than a hundred,"

"Grandson, Grandma is Earning Money, over a hundred,"

"Earning Money, Earning Money,"

She was overjoyed; even an old lady could Earning Money.

Then they also could; more people started opening accounts at Da Song Bank.

These people fundamentally don't know how to buy stocks; they buy whatever the broker suggests.

They buy only quality stocks; although the rise is slow, it's stable.

1971, March.

New Hong listed on Azure Dragon Securities.

Total capital is 100 million, financing of 10 million shares, IPO price 2.6, opening at 3.2.

Soon the share price rose to 5.7.

All the financing money was invested by Li Zhao into the construction of the new building.

Because New Hong has a large amount of property.

It has been pursued by many people.

Li Zhao feels his wealth increasing, feels a bit unreal; his assets of more than 20 million have directly jumped to over a hundred million.

This speed of wealth growth is downright terrifying.

Wang Lin looks at Xinhong's stock price, internally also extremely excited.

Because he now holds 37 % of Xinhong's shares, which are still diluted after listing.

With Xinhong as a foundation, the Imperial City will only become more valuable.

Not long after, Li Changjiang proactively approached Blue Dragon.

Changshi will list on Blue Dragon.

Xu Minghao has no objection, but he still told Yang Qing.

Yang Qing sighed; it seems Li Changjiang will soon fully leverage the stock market as a lever for rapid expansion.

Future commercial wars will no longer be simple commercial wars, but financial‑commercial dual wars.

With the stock market as a financing platform, plus the era of global inflation.

The next ten years will be a decade of crazy stock issuance.

"Just proceed as usual."

"However, we must explain to him clearly that we will conduct an accounting audit."

"Financing money may only be used for corporate development."

"It may not be used by any means for personal arbitrage."

"If discovered, we will issue a Hong Kong‑wide announcement and sue in Court."

Xu Minghao says he understands.

Blue Dragon Securities Exchange has always imposed strict requirements on itself.

But it has grand ambitions.

Soon Blue Dragon Securities and Great Song Bank audited Changshi's financial condition and corporate structure.

Li Changjiang prepared a lot for the listing, but Blue Dragon and Great Song still pointed out many problems.

Li Changjiang shows no temper at all.

"You tell us how to change, we'll change—just be obedient."

May 2.

Changshi listing.

Total share capital one hundred million, financing ten million shares.

IPO price 0.6, opening price 0.7.

Closing price 0.96.

In the following days, the price rose to 1.6, then stabilized.

Li Changjiang's financing is not large, but through equity pledge the loanable capital is massive.

He can lend out one hundred million without issue.

With money, he can develop and acquire properties.

Rapidly achieve company expansion.

After expansion, the company can issue new shares and continue financing.

In short, this is a cycle.

It is a wealth‑creating cycle.

With Xinhong and Changshi's listings, the real‑estate sector began to bustle.

One after another, firms want to list to raise money.

But Blue Dragon Securities' review is strict, and there are requirements on the listing interval for similar companies.

Ultimately only three firms were approved to list; the others must queue.

August 1971, the Brey system officially announced its end.

The US dollar began a crazy depreciation.

Yingjiang inflation remained sky‑high.

Manufacturing began to flow out massively.

Gangdao's economy began to develop further.

In October, Rabbit became one of the five major thugs.

New Governor Mai Lihao also arrived at Gangdao.

Mr. Mai's coming at this time can be said to bear an important mission.

To counter Rabbit, Gangdao's colonial strategy must be completely changed.

Facing one of the five major thugs, the Yinglian people really have no way.

Moreover, Yingjiang has also sided with Rabbit.

Gangdao's position became awkward.

Relations eased, so the blockade naturally won't last long.

So, what use does he still have?

Rabbit won't take it back, will they?

The Yinglian people said they are very reluctant.

So they thought of a bright scheme.

That is to get along well with the locals, letting everyone live better than Rabbit.

Then later they can stir up, and they themselves won't want to go back.

Perfect.