Huayu 1992, my entertainment era

Starting from late June, Zhou Ziheng participated in several evening parties celebrating the return of Hong Kong.

He attended almost every event he was invited to and could attend.

"The Glory of the Dragon", "The Return Gala", and "Celebration Party" hosted by CCTV.

Each one is full of superstars.

Although the stages they participated in were different, the songs they sang were mostly the same.

The song Zhou Ziheng sang the most is undoubtedly "Chinese".

The second is "Dragon Scales of Heaven and Earth".

Both songs are very appropriate for the occasion.

As these songs are sung more often and the audiences listen to them more, they naturally become popular.

In the following weeks, "Chinese" never fell out of the top three on music charts around the world, and "Dragon Scales of Heaven and Earth" also gained a large number of fans, becoming one of the most popular songs this year.

……

In July, the whole of China was excited about the return of Hong Kong.

Zhou Ziheng returned to the crew of "Journey to the East" on July 5th.

His scenes in "Journey to the East" will take about half a month to shoot.

Once the filming is finished, he will have to move on to the next stage of work.

Taking advantage of the free time during the filming, he began to remotely control Hengyu Films in Singapore and Malaysia.

He is still working with Chen Musheng on the new movie. As for the project, Zhou Ziheng chose Donnie Yen's previous life's "Flash Point".

Zhou Ziheng did not choose this film casually.

But there is a basis for it.

First of all, he is not from a martial arts team, so he cannot perform the kind of gorgeous action scenes like Jet Li.

He also doesn't know how to do Jackie Chan's thing.

However, he feels that Donnie Yen's style is very suitable for him.

Then, in addition to himself, he also plans to promote Wu Jing in this film.

Zhou Ziheng decided to give the role played by Louis Koo in the original version of "Flash Point" to Wu Jing.

In fact, Louis Koo can also do it.

But Zhou Ziheng always felt that it was not quite appropriate.

In the original version of “Flash Point”, Louis Koo’s performance was actually quite good.

But anyway, Zhou Ziheng always felt that an undercover agent, especially a policeman undercover among gangsters, should have some basic action skills.

In the previous version, because Louis Koo had no kung fu foundation, his role was set as a pure contributor to literary drama.

Zhou Ziheng felt that this character could be modified to have action scenes.

For an actor with a background in action, Wu Jing is just the right person for the role.

It just so happened that Zhou Ziheng felt that it was not appropriate for the company to be the only one who could carry the box office, so he came up with the idea of ​​promoting him.

In this film, let Wu Jing play the second male lead.

Next time, we will shoot another "Flash Point 2" and use "SPL 2" to give Wu Jing the big role.

Coincidentally, he knew Tony Jaa from Thailand, who was one of his few friends in Thailand.

In the next film, Tony Jaa can join in and partner with Wu Jing.

This should be considered as bringing their cooperation forward.

……

In late July, Zhou Ziheng's role in "Journey to the East" ended.

He finished filming ahead of schedule, while other characters still have some scenes to follow up, which have not been completed yet.

After having a meal with the crew and saying goodbye to each other, Zhou Ziheng immediately set off back to Hong Kong.

"The Hong Kong dollar forward exchange rate has fallen. Will Hong Kong repeat Thailand's mistakes?"

On the way to Hengyu, Zhou Ziheng picked up a brokerage newspaper and the headline on the newspaper caught his eye.

After carefully reading the contents of the newspaper, Zhou Ziheng couldn't help but lower his head and ponder.

The content of the newspaper was very simple. Recently, a group of hot money entered the Hong Kong market and shorted the Hong Kong dollar.

However, this amount of funds was not large and did not have a big impact on the Hong Kong dollar. It only caused the Hong Kong dollar's forward exchange rate to fall.

"The recent economic turmoil is huge. If you have investments in the stock market, my advice is to withdraw as soon as possible."

Florence Hui next to her glanced at the newspaper and spoke.

Hearing this, Zhou Ziheng couldn't help but look at her seriously. She actually had such insight.

But it's normal if you think about it. Florence Hui is very capable and has made a lot of money following me in the past two years.

Once you have money, you will definitely invest, both in the stock market and in real industry.

As long as she participates in these investments, she will naturally understand the recent situation.

The Asian economy has been in turmoil recently.

First, Thai stocks were shorted, and then spread to the whole of Asia.

After Hong Kong's return to China, people in Hong Kong were in a state of panic, which naturally attracted the attention of foreign capital.

Of course, the main reason is that Hong Kong’s economy itself has problems.

After World War II, Japan and the four Asian tigers seized the opportunity of the global industrial shift and completed their transformation into developed economies, becoming the leaders among the world's more than 200 economies since World War II.

But myths cannot last forever.

Japan's miracle ended after the Plaza Accord. Monetary easing and extremely optimistic sentiment gave rise to huge stock market bubbles and real estate bubbles. The collapse of the bubbles brought the Japanese economy down from the altar. The subsequent Asian financial crisis made the Japanese economy even worse, plunging it into a great depression that lasted for more than 20 years.

This round of Asian financial crisis will also end the economic miracle of the four Asian tigers.

After the Asian financial crisis, the Asian economic myth was almost shattered!
Some people in later generations said that this round of economic crisis was caused by the currency short-selling attack by American "financial tycoon" George Soros.

But more objective data shows that if these economies did not have serious problems of their own, why did Soros choose to attack them?

How can it be achieved so easily?
Even if Soros succeeds, how can one institution end the development momentum of an economy?

There have been too many crises in the world before, and the reasons for their outbreak are basically the same.

But the 1997 financial crisis was different.

From Zhou Ziheng's perspective, this is neither an economic crisis of relative overproduction, nor a stock market crash that ignited the fuse of financial and economic mines, nor a currency crisis, nor a debt or fiscal crisis.

The main trigger was actually the short-selling attack on sovereign currencies by international hot money, which triggered a huge financial storm and had a huge impact on the Asian economy. This storm also hit many economies outside Asia.

Because the world is becoming increasingly interconnected after globalization, a crisis in an important economic region will affect or affect the economies of other economic regions.

It started with Thailand, and as a chain reaction, all economies and countries that have economic ties with Thailand will be affected.

However, why are institutions able to target economies?
It’s not like these institutions can really take on the economy alone.

The main reason is that these economies each have their own defects, and European and American capital institutions take advantage of the loopholes and launch attacks, which directly causes the target economies to show signs of collapse and triggers this round of economic crisis.

In Asia in the 90s, the Japanese economy was still in its final frenzy and prosperity, the bubble had not yet burst, and people were immersed in illusions.

After 20 years of rapid development, the economies of the four Asian tigers are booming, creating another high-speed economic miracle after Japan.

More than a decade after China's reform and opening up, it has just taken over the industrial transfer from the four Asian tigers and Japan. Processing on supplied materials and OEM are the main profit models for China's township enterprises and private enterprises.

Economic development and monetary easing have led to a boom in the stock market, with new stocks being listed continuously and the number of investors naturally increasing.

Most of these emerging and developed economies in Asia have adopted a policy of free currency convertibility, which has given international capital the opportunity to enter their domestic markets for speculation and arbitrage. Especially in East Asia and Southeast Asia, a large amount of capital has entered, which has led to the widespread paper prosperity of Asian countries.

At that time, international hot money flocked to the domestic markets of these developed economies.

From 1990 to 1996, the proportion of net private capital inflows into Asia to local GDP increased sharply, resulting in continuous easing of monetary policies and rising asset prices in the region.

The main source of funds for these international hot money is short-term borrowing, which is mainly invested in virtual markets such as the stock market and the real estate market in order to pursue capital profits.

This type of investment is destined to be short-term, speculative, and quick in and out.

Such characteristics not only easily lead to rapid price increases, but also rapid withdrawal, thus causing major economic and financial fluctuations.

To borrow a line from the opera "Peach Blossom Fan": "I watched him build a red building, I watched him entertain guests, and I watched his building collapse."

When the time comes, these funds withdraw one after another, and the gap cannot be filled, so the hole becomes bigger and bigger. Finally, people like Soros see the opportunity and use it to snipe and make profits.

All I can say is that this is not the fault of one person, but a market defect and a situation that is bound to occur.

Even without Soros, there is Lee Ross.

Anyway, as long as this defect is not made up, problems will arise sooner or later.

"Have you sold the house I asked you to sell for me?"

Zhou Ziheng purchased several properties in Hong Kong in the past two years.

He knew at the time that it was not a good opportunity to buy a house, but he bought it anyway.

It’s not that he was taken advantage of, but he knew that housing prices had actually been rising before 1997.

The same is true.

The property he bought at a high price in 1993 had generated considerable profits by the end of 1996.

"We sold them all and made back 60 million Hong Kong dollars," said Florence Hui.

"Help me keep an eye on the property market in Hong Kong, and pay special attention to the properties leased by Hengyu Cinemas."

Zhou Ziheng looked at the tall buildings on the street and gave instructions.

"Do you want to take over those properties?" Florence Hui looked curious.

Hengyu Cinemas currently has a total of twelve cinemas in Hong Kong.

Not much, but nothing less.

These theatres cover a large area and are all in prime time.

Three of them have already had their properties acquired by Zhou Ziheng.

The rest were all in the hands of other people, and Zhou Ziheng only rented them for building the theater.

"These theaters occupy a lot of land. If you want to take them, you'll probably need a lot of money."

“That’s not necessarily true. In my opinion, Hong Kong’s property market may fall to a level that ordinary people cannot imagine.

That’s when I’ll take it down.”

"Of course, in addition to keeping an eye on the theaters for me, starting next year, if there are any suitable mansions or buildings, please notify me."

Zhou Ziheng remembered that in the coming period, the real estate prices in Hong Kong would continue to fall, to around 2000, and the drop would be as much as %.

In other words, the price of a 10,000 square meter house will drop to around 3,000 yuan, which is simply an epic sale.

For Zhou Ziheng, who is not very good at other business.

Real estate is definitely the most suitable way to invest.

In fact, most celebrities are like Zhou Ziheng.

Especially the stars in Hong Kong, most of them have little education.

Without much education, they naturally don’t know how to invest, but everyone agrees on one thing, that is, real estate is a 100% profitable investment.

So after many people become rich, the first thing they do is to buy a luxury house.

Of course, if you bought it in 1997 or 1996 and didn’t sell it in time, and couldn’t withstand the falling housing prices a few years later, then you would definitely lose money.

The only ones who can make money are those who hold on to the houses until after 08. By that time, Hong Kong's real estate will enter a period of explosive growth and will hardly fall.

However, although I will invest in real estate.

But Zhou Ziheng didn't plan to invest too much in it.

He is a person who cannot sit still and he never knows when he will want to invest in something else.

In order to have money in hand, he set a standard for the amount of money he would invest in real estate, a maximum of HK$2.5 million.

Apart from some fixed assets and companies, he now has only about 500 million Hong Kong dollars in liquid funds.

Keep half of it in your hand so you won’t be in a hurry to do anything.

Back at Hengyu Films, Zhou Ziheng personally called Sammo Hung.

This person has been idle at home recently.

Zhou Ziheng plans to invite him to be the martial arts instructor for "Flash Point".

It would have been even better if he could have played a cameo role.

"Brother Ziheng!"

After receiving Zhou Ziheng's call, Sammo Hung said that he would come to Hengyu in person to talk to Zhou Ziheng.

While waiting, Zhou Ziheng called Wu Jing to the company.

Last year, the company’s new director training program achieved good results and found two good directors.

One is called Yang Shijie and the other is called Chen Yuanbo.

One of them is from Hong Kong and the other is from the mainland.

All the scripts they submitted to the company were approved, and the company invested in the two people at the beginning of the year.

Among them, Yang Shijie from Hong Kong filmed an action gangster film called "Drug Hunting", which tells the story of a police catching a drug dealer. It starred Wu Zhenyu, and Wu Jing played a supporting role in it.

He had just finished filming his own play today when he received the news that Zhou Ziheng's new project would have a very important role for him, almost the same as Zhou Ziheng's role.

As soon as he received the news, he rushed over without stopping.

"You'll be busy in the second half of the year. In addition to Flash Point, the company has invested in director Zhang Xinyan to shoot a martial arts TV series, and you've been cast as the lead actor."

Zhou Ziheng said as he handed him the TV script.

This TV show is not like other TV shows.

It was the TV series "Tai Chi Master" that made Wu Jing famous.

After signing Wu Jing, Zhou Ziheng asked someone to find Zhang Xinyan and invest in him to shoot this movie.

At present, the drama is almost ready and will start shooting around October.

"Be busy, I wish I could be busier!"

Wu Jing had a silly smile on his face.

At this time, he did not have the arrogant look of the Wolf Warrior in later generations.

Speaking of Wolf Warrior.

After Wu Jing became successful with Wolf Warrior, he became really unpopular.

Whether he speaks or does things, he always has an arrogant attitude, as if he looks down on everyone.

This may be something that all successful people must go through...

(End of this chapter)