1997. It was the best of times, it was the worst of times it was the age of wisdom, it was the age of foolishness, it was the spring of hope, it was the winter of despair. Well, at any rate it was a year of two halves.
It was the year of the handover, the return to the embrace of the Motherland. People who really understood how Hong Kong worked, i.e. lowly-paid journalists and highly-remunerated investment analysts were in agreement. Hong Kong's political and social future was highly uncertain, but the economy and the stock market would go from strength to strength. China would see to that.
The Hang Seng Index and the property...
