jdhmnovel Chapter 553: If we retreat now, wouldn’t that be giving money to others?
Chapter 553: If we retreat now, wouldn’t that be giving money to others?
Xu Hanhua felt that Zhou Rong's analysis made sense. The stock market could not continue to rise without falling. Based on past experience, an economic crisis would break out in the United States every few years, which in turn affected global stock markets.
The dozens of stocks they hold have increased several times in recent years. If they continue to increase, it will not conform to the law of stock market operation. It is time to withdraw...
There is only one stock exchange in Hong Kong. If Zhou Rong wants to sell his stocks, he is bound to run into Xu Hanhua.
Zhou Rong also wanted to take advantage of this stock market crash to acquire shares in several well-known technology companies and semiconductor, precision instrument and other enterprises, laying the foundation for Zhou Jifan's future entrepreneurship to avoid being strangled by others for some scarce components.
These companies are famous and well-funded. It would be difficult for her to achieve her goals with the little money she has. If she works together with Xu Hanhua, her chances of success will be increased.
When in danger, they do not help; when they see profit, they take advantage of the fire to rob. This is a game that many investors are happy to play in the stock market.
As long as she and Xu Hanhua jointly short those companies, some hot money will find it profitable and will get involved in order to make money, so her chances of winning will be even greater...
Zhou Rong told Xu Hanhua that she had sold some antiques in Hong Kong a few years ago, then registered an investment company and bought some stocks, making good profits, but she was a retired cadre and some information was not convenient to make public, so she did not tell anyone.
Xu Hanhua was the first person to learn the news and hoped to help her keep it a secret.
Regardless of whether Zhou Rong's excuse was true or false, Xu Hanhua did not want to ask further. He thanked Zhou Rong for his trust and support, and promised to keep it a secret and not reveal the matter to anyone else.
After getting the promise, Zhou Rong told Xu Hanhua about Zhou Jifan's dream and his own short-selling plan.
Xu Hanhua said that he would fully cooperate and once the short-selling goal was achieved, he would also be able to make a lot of money.
Tang Zhaoshan and Guo Delin had helped him several times in Hong Kong and had taken care of the real estate business in Pengcheng. Xu Hanhua wanted to tell them about the possible stock market crash so that they could prepare in advance. It would be even better if they could join the short-selling plan.
The more people there are, the more chances of success. Otherwise, they will suffer heavy losses as the capital sharks will spend money to protect the market.
Zhou Rong agreed and reminded him, "You must tell Boss Tang and Boss Guo to keep the secret. If everyone knows about this, they will all sell their stocks together, causing panic among investors. Not only will we lose money, we may also face jail time."
Xu Hanhua: "I understand. I will make things clear with them."
Tang Zhaoshan and Guo Delin are businessmen who always put profit first in everything. This is not the first time they have traded stocks, so they are aware of the interests involved.
The two were very grateful for Xu Hanhua's reminder and said that they would reward him handsomely after they sold all the stocks they had.
Zhou Rong and Xu Hanhua's company holds a lot of stocks. In order to prevent the stock price from fluctuating greatly, the two sell a little every day. Tang Zhaoshan and Guo Delin also do the same.
By the end of August, all the stocks in everyone's hands had been sold.
As the stock market is currently booming, Xu Hanhua's investment company has earned more than 5 million US dollars, and the fund company he cooperated with Zhou Rong has earned more than 1 million US dollars.
Zhou Rong’s own investment company also earned nearly 2 million US dollars.
Tang Zhaoshan and Guo Delin also made a lot of money.
In September, international hot money began to withdraw in large numbers, causing extremely abnormal fluctuations in US stock prices, but no one took it seriously, believing that it was a technical adjustment.
After mid-September, Zhou Rong began to short several technology companies and semiconductor, precision instrument and other enterprises.
Xu Hanhua, Tang Zhaoshan and Guo Delin followed closely and shorted those companies together.
Seeing this, some hot money also joined in.
At the beginning, those companies tried their best to protect the market, and Zhou Rong and his colleagues' money seemed to be washed away by a flood, with losses of millions of dollars every day.
Tang Zhaoshan and Guo Delin could no longer bear it and ran to Xu Hanhua's office to ask him when they would close their positions. They were worried that if they delayed any further, they would lose all their previous earnings and might even go bankrupt.
Zhou Rong has been staying in Hong Kong for a while. She made a few cups of tea and said calmly, "If we withdraw now, wouldn't that be giving money to others? If we wait any longer, we won't be able to hold on, and others may not have an easy life. The two bosses should have some tea to calm down."
Seeing that Zhou Rongsheng was sure to win, Xu Hanhua's slightly anxious heart calmed down a lot: "Let's give the market some time. Short selling usually doesn't work so quickly."
Guo Delin: "Okay, I'll wait a little longer. I hope I don't lose the money I put into my coffin."
从10月3日开始，到10月9日的这一周，道琼斯股票下跌了158.78点，跌幅达6%。
From the week of the 11th to the 16th, the index fell 235.48 points, or 9.49%.
October 10th was Black Monday for all stock investors.
The Dow Jones Industrial Average fell 67 points at the opening. In a blink of an eye, selling orders surged, stock traders frantically executed sell orders, and there was panic in the exchange.
At the close of the day, the decline reached 22.6%, setting a record for the largest one-day drop. The stocks of almost all major companies plummeted by about 30%.
The companies that Zhou Rong and his friends had shorted fell by more than 35%. Tang Zhaoshan and Guo Delin had been depressed for nearly a month, and finally they felt better.
Affected by the plunge in foreign markets, the Hong Kong stock market saw the Hang Seng Index plunge 420 points in one day, breaking the record of a 1973-point drop in one day during the 180 stock market storm. It was also the largest single-day drop in the Hang Seng Index in its 23-year history.
The Hong Kong Stock Exchange announced a four-day suspension on October 10 to allow investors to "calm down" and clear backlogs of payments.
After the stock market reopened on October 10, the Hang Seng Index not only did not rebound, but also plummeted 26 points in one day, setting a new historical record for the largest decline. The Hang Seng Index futures also fell to the limit twice.
The Hong Kong government had no choice but to announce the suspension of the stock market and Hang Seng Index futures market...
Some stockholders suffered mental breakdowns because they could not bear the stock price plunge. Some people lost their retirement money in the stock market and ended their lives by suicide because they saw no hope.
In just eight days from October 10 to 19, some of the companies that Zhou Rong and his team shorted fell by more than 26%, and some fell below the issue price.
Seeing that the time had come, Zhou Rong began to close his positions.
By short selling, Zhou Rong made 4 million US dollars, Xu Hanhua's company made 12 billion US dollars due to the large amount of capital invested, and Tang Zhaoshan and Guo Delin also made several hundred million US dollars each.
The two were so happy that they couldn't stop smiling. They said Xu Hanhua and Zhou Rong were their God of Wealth. They invited them to dinner and wrote each of them a check for HK$500 million as a reward.
Zhou Rong and Xu Hanhua did not accept the check, saying that it is natural for compatriots to take care of each other, and they would cooperate again if there is a chance in the future.
The two said that as long as Zhou Rong and Xu Hanhua launched new projects, they would go to support them, and if they needed help, they would just ask.
They must hold on to the thigh of the God of Wealth...