Traversing the courtyard

Chapter 516 Stock Market Crash

The slump for three consecutive days was like a pot of cold water pouring on the stockholders. Most of them quickly woke up, and the stocks in their hands became hot potatoes, and they wanted to sell them immediately.

Someone was smashing the market regardless of the cost, and all the stock prices hit a new low and turned down. The sad mood also drove other investors who were waiting and watching. After that, they fell by hundreds of points every day, and if there was a slight repetition, they would be sold by huge investors. The plate smashed down.

After peaking at 9 points on the 1774th, on the 21st, the Hang Seng Index was only 1192 points, which abruptly fell by one-third.

It is no longer news that stockholders and their families jumped off buildings in the newspapers, and they directly reported how many people jumped from buildings in a day.

When the incident happened, Weidong felt a little distressed at first, but more and more people chose to commit suicide later, letting Weidong know what he needs to do for the society.

Discussed with Ruan Tao Azhen at home and said: "Because many people in the stock market have gone bankrupt, their houses have been taken away by the bank, accommodation and food have become problems, and there is no hope of survival. what society does."

Ruan Tao said: "Yes, this time is too miserable. Those parents threw their children down first, and finally chose to jump off the building themselves. We have to do something, at least let the children grow up healthily."

Ah Zhen also said: "Yes, it's too miserable."

Wei Dongdao: "We want to provide assistance to people who have lost their homes and have no jobs in this stock market crash. We can rent some houses, distribute some food first, and create some jobs for them. This stock market crash is just the beginning. If it is too high, there is still a risk of further decline.”

Ruan Tao was surprised: "Is it going to fall?"

Wei Dong nodded and said, "Think about the stock market not being at 1200 points four years ago, and now it's close to [-] points. How could it stop there?"

A-Zhen said: "Then there will still be more falls, wouldn't there be many jumping off the building?"

Wei Dongdao: "Yes, so now we should try our best to help these people who can't make it through."

When Weidong made money before, he didn't have any feelings, but now there are reports every day where someone jumped off a building and committed suicide, so he feels a dull pain in his heart, the money is a bit hot.

So I hurried to find Ruan Tao and A Zhen to discuss how to arrange for these people who couldn't make it through.

Ah Zhen is in charge of the overall work of the group and has the most contact with the affairs. She said: "In Tseung Kwan O, we have three houses that are being ventilated. They were originally planned to be handed over to the film and television base as staff housing. Now they can be directly provided to these homeless people. If there are not enough people, we can rent some houses nearby or let them rent houses by themselves, and we will subsidize the rent.”

Wei Dong nodded and said: "That's it for now. The conditions for moving in must be strictly checked. There must be some people who want to fish in troubled waters to gain benefits."

Ruan Tao said: "It can't be said that it's our house, it's that we rent it out. They can live for free for a year, and they have to bear the water and electricity bills themselves. They must make it clear, or they will stay in it in the future."

If you are soft-hearted and take on everything, these people will take it for granted in the future, and you can't support these people for a lifetime.

Emergency rescue cannot save the poor, you must rely on yourself to be a human being.

Ruan Tao said again: "We have other supplies ourselves, from daily necessities to rice, flour, grain and oil, we can help."

Wei Dongdao: "Then make some preparations in advance, set up some distribution outlets, and cooperate with some charitable foundations to provide food subsidies to some needy families and issue some food coupons."

Weidong has been importing wheat, corn, soybeans, rice and other grain crops from the beautiful country, and most of them are stored in the space, and they will not go bad anyway. Originally, they would sell them for a fortune when the global grain production is reduced. A small part can be taken out, which is enough for this subsidy.

The three discussed some details, and tried their best to help those in need, and not let some people take advantage of the loopholes.

After the discussion, he notified the newspaper that tomorrow's front page headline will be about the help of the Autumn Rain Group. If it is published one day earlier, it may save a few people who committed suicide by jumping off the building.

The next day the group company got busy and set up a special team to deal with the assistance. Xiayue Industrial Company also issued a recruitment brochure, mainly for people who lost their jobs due to bankruptcy.

It is not just individuals who go bankrupt. Many bosses have mortgaged factory equipment to borrow money to speculate in stocks. After losing money, the factory will disappear immediately, and the original workers will lose their jobs directly.

There are also many people who originally saw that the stock market could make a lot of money and quit their previous jobs, and just pointed to the money they made in the stock market to live on. Some of them also suffered heavy losses, and their assets shrank sharply or even became insolvent.

The start was a bit chaotic, and after two days, the assistance was on the right track, but the stock market still did not improve at all, and it only fell every day but did not rise.

Just when the stock market was "falling off a cliff", Xiangjiang's banks also implemented the previously established operations, tightened monetary conditions, and greatly reduced the extent of loan lending.After the first quarter of 1973, banks' new loan ratios fell to half of what they were in the previous year.The Hong Kong Taxation Bureau also announced at this time that it would tax the stock investment income.Various negative factors caused the Hang Seng Index to lose its support immediately. After falling below the psychological support line of 4 points on April 9, it continued to slide.

The stock investors who were elated because of the stock market surge before, now have the expressions on their faces filled with three words: sadness, sadness, and tragedy.Many people have lost about half of their wealth.Under the combined effect of the three major factors, the withdrawal of international hot money, the tightening of credit, and the panic of stockholders, the big bear market is coming, and it is impossible to reverse the sharp decline of the stock market.The ultimate fate of these retail investors who fail to leave the market in time is to become cannon fodder for the stock market.

By this time, the newspapers no longer talked about just stock market adjustments. It was already agreed that the stock market bear market was coming, and no one held the illusion that the stock market would rebound. In reality, he resigned himself to his fate and cleared his stocks, and the stock market fell again.

The support from the Autumn Rain Group has been unanimously praised by the society. The management of food and housing has provided job opportunities. At least many people who have jumped off buildings have been reduced in the society.

If there is a war in the Middle East, then what will rise, and everyone in the future will know that it is oil. Now crude oil is only a little more than one dollar, and the price of rising and falling does not exceed 2 dollars. Unfortunately, there is no market for crude oil futures. Otherwise, Weidong would have invested his money in this market.

If there is no crude oil futures, you can only invest in oil companies. Weidong exchanged one billion dollars to the account of Citibank, and Senior Addison from the Los Angeles branch directly called. Although this is not the largest transfer amount in the history of Citibank But it is still in the 70s, those large transfers are almost all acts between countries, how can there be so much money transferred from a personal account at one time.

"Mr. Yi, excuse me. I am the manager of the Los Angeles branch. We have dealt with each other before."

Having said that, Weidong remembered that both the branch and the Virginia company had accounts with Citibank, and he had dealt with Senior Addison several times before.

Wei Dong said: "Hello."

"That's it, Mr. Yi, we have received a transfer of one billion US dollars, and the money has been released into the account. How can I help you?"

Wei Dong thought that this was too enthusiastic, didn't he just transfer one billion to buy stocks, so he made a special phone call to say.Said: "I turned over to enter the market to buy stocks, so I turned away immediately."

"Mr. Yi, Citigroup also has the business of buying stocks on behalf of you. Besides, if you only buy stocks in the market with such a large amount of money, it will cause the price to rise and increase the cost of the acquisition." Neil Addison persuaded.

Weidong doesn't have any contacts in the beautiful country. Before that, he planned to buy the stocks of the six major oil companies in the market. Crude oil has increased tenfold from one dollar to more than ten dollars.

Said: "But your agency fee is not low?"

Neil Addison smiled and said, "Don't worry, Mr. Yi, it's definitely more cost-effective than your own acquisition, especially for some large listed companies, we have more channels."

Wei Dongdao: "Okay, then I will send someone to contact you, mainly to acquire Royal Dutch Group, Exxon Corporation, Sunset Petroleum Corporation, Texaco Corporation, Phillips Petroleum Corporation and Total Finer Alf Corporation These six oil companies."

Neil Addison wondered: "Are you buying all the oil companies? Your asset allocation is a bit concentrated."

Wei Dong smiled and said: "I am optimistic about the future of the oil industry, after all, there are more and more cars."

Even more bizarre customers have also seen it, so Neil Addison didn't say much, as long as he can keep this single business in his hands.

The two discussed the general framework first, and then Weidong would send someone to contact them before discussing in detail. This is a cash of one billion dollars, no matter how cautious they are, they should be done.

Putting down the phone, Weidong handed over the matter to Ah Zhen, and he had to talk to Li Xiaolong himself.

Wei Dong remembered that senior brother Li Xiaolong passed away unexpectedly in July this year, and now that he was busy with the stock market, he happened to have time to go to Li Xiaolong for a comprehensive physical examination to confirm whether the accident was caused by physical reasons.

After leaving the door, Mi Xiaozhou asked, "Boss, are you going out?"

"Let's go, I'll go to my brother for a physical examination, and you go to the hospital to deal with trivial matters first."

"Okay, boss."

Weidong drove three cars out of the garage with his bodyguards. Li Xiaolong bought his own private villa at "Qihe Xiaozhu" at No. 41 Cumberland Road, Kowloon Tong last summer. It just so happened that the filming in the beautiful country has now ended. "Enter the Dragon" returns to Hong Kong, and today I will accompany Li Xiaolong to the hospital for a physical examination.

When he arrived at Li Xiaolong's house, Wei Dong took out the gift he had prepared and handed it to Linda Emory, saying, "Sister-in-law, I have an appointment with the hospital. Today we will go for a medical examination."

"Awei is here. Didn't I tell you that you just come? You don't need to take a gift." Linda Emery took the gift and put it aside with a smile.

Wei Dong smiled and said, "Sure, where is my brother?"

"I'm practicing martial arts in the back, and I say I need to prepare materials for writing a book."

Weidong chatted with his sister-in-law for a few words, and walked through the living room to the backyard. Li Xiaolong was doing moves, and there was a table beside him with some drafts.

Wei Dong stood in front of the door and looked at it for a while. After Li Xiaolong finished studying this part, he walked over and said, "Brother, are you still studying?"

Li Xiaolong looked up and saw that it was Wei Dong coming over. He picked up the white towel beside him to wipe off his sweat, and said, "Didn't I just say that I'm in such good shape, what kind of physical examination do I need?"

Wei Dongdao: "Just go to the hospital for an examination, and it won't waste much time. My body is not worse than yours. Why don't I go to the hospital twice a year to see if there is any problem."

Li Xiaolong frowned and said, "I'm still planning to write a book, am I just wasting my time?"

"You just came back from the beautiful country. Let's go out for a walk after the inspection today to relax. How about I send someone to help you sort out the information later?"

Li Xiaolong has always had the habit of taking notes on martial arts, and up to now he has recorded six thick volumes of materials, as well as some audio and video recordings.

"Basic Chinese Boxing" was published as early as 63, and "Wing Chun" was published last year, that is, in 72. At that time, "Jing Fu Men" was in theaters. "It is also selling well in Southeast Asia and other countries, and there are times when it is sold out.

Li Xiaolong said: "Those people don't know much about martial arts."

"I'll help you. It's always okay to help with the video and take pictures. It's a waste of time if you do it yourself."

After finally making sense of Li Xiaolong, two staff members were transferred back to take pictures and record, and help organize the notes.

Only then did Li Xiaolong and Linda Emery go to St. Mary's Hospital for a physical examination. Li Xiaolong muttered at first, but Linda Emery said a few words before shutting up and obediently getting in the car.

Wei Dong asked a few words about the filming of "Enter the Dragon". This film was jointly produced by Autumn Rain Films and Hua Na Company, and a lot of resources and energy were invested in it. The filming has already been completed and it is currently being edited and edited.

Li Xiaolong was very excited. He talked about the period of filming all the way. At this time, Xiangjiang Films had just started, and there was a lot of gap with Huana's crew in terms of technology and other aspects. Hearing the gap between the two aspects, Wei Dong said : "Brother, we will send some technicians to train later and learn some of their techniques."

The two chatted about the movie, and soon came to St. Mary's Hospital. Mi Xiaozhou had already taken care of everything, and the group went through various examinations smoothly.

Wei Dong had already told Mi Xiaozhou to do all the checks that could be done, especially to check Li Xiaolong in detail to ensure that there were no hidden diseases in his body.

The cause of Li Xiaolong's sudden death in the previous life was a mystery. Even after decades, there was still no conclusion. Weidong now needs to confirm that Li Xiaolong's body is fine before confirming other directions.

After some procedures, he checked everything inside and out. Seeing that Wei Dong had been doing the same check all the time, Li Xiaolong had no choice but to hold his nose and do it obediently.

Finally out of the hospital, the four of them wore masks and sun hats and went to the park to play around.

(End of this chapter)