Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 457 Hong Kong government bails out the market!

On July 7, the fourth day after the Hong Kong stock market crash broke out, as soon as the market opened today, the Hang Seng Index fell all the way like the previous three days.

Along with this, the entire stock market fell, and none of the listed companies rose against the trend. The stock price of the company with the smallest decline also fell by 5%. The entire stock market was in mourning!
In fact, the Hong Kong stock market has been seriously divorced from the fundamentals of the economy and companies in recent years. The share prices of many companies have reached price-earning ratios of more than 200 times. Serious bubbles have appeared under the influence of financial leverage.

In the past, because investors had sufficient confidence and Hong Kong Island's economic fundamentals were good, there were no big problems.

But as more and more people borrow money to speculate in real estate, banks are overwhelmed and have to control this problem by raising interest rates.

However, every interest rate hike is equivalent to a heavy blow to the already overwhelmed real estate market and the stock market based on the real estate market, until this time it can no longer bear it, and it completely turns into a stock market crash.

The three consecutive days of plummeting have once again severely damaged the confidence of investors. Many people are thinking of cutting off their profits to protect their capital, and a large number of investors have begun to sell their stocks.

This caused the stock price to plummet again, and the entire Hong Kong stock market fell into a vicious cycle!
On this morning, all investors in all four major exchanges on Hong Kong Island fell into unprecedented panic.

But under such circumstances, Li Yi instructed Lan Xinyi and others to purchase a large number of futures contracts!

By 14 o'clock in the morning, all the more than [-] billion Hong Kong dollars obtained from selling futures contracts were exchanged for futures contracts.

At this time, the Hang Seng Index had dropped to 1496 points, 14 points lower than when they first entered the market.

In other words, in less than an hour, Li Yi lost nearly 1400 million Hong Kong dollars.

What's more important is that if he continues to short, he will earn more than 800 million yuan in one morning, which is more than 200 million yuan within one mile and one outside.

Therefore, everyone, including Lan Xinyi, looked at Li Yi with a little more regret!
However, Li Yi didn't care at all. After learning that all contracts had been acquired, he immediately ordered everyone to pack up and evacuate the exchange.

Just when everyone thought that Li Yi would take them directly back to the Mid-Levels Villa like he did a few days ago, they did not expect that he would actually take them to the most luxurious Yuan Ji Restaurant in the city.

Then, with everyone's stunned eyes, Li Yi directly ordered three tables of high-end meals. Anyway, they came as expensive as they came, and he didn't feel at all that he had lost more than 3000 million.

Seeing Li Yi's calm expression, Lan Xinyi and others somehow felt relieved.

Then he followed Li Yi and feasted on the delicious food on the table!
However, while Li Yi and others were enjoying the delicious food, Huang Lixing from Wanchai Pier was about to go crazy from the torture!

Originally, he learned that Li Yi and others went to the exchange early in the morning, and as soon as they arrived, they ordered to buy futures contracts with all their strength, which made him very excited.

Once the contract acquisition of 16000 lots is completed and returned to the institution smoothly, a profit of 8000 million will be obtained.

Even if according to the agreement, more than half of the 8000 million will be allocated to Li Yi, he still gets more than 8000 million.

In just a few days, 3700 million turned into 8000 million. Huang Lixing had never thought that money was so easy to make. He and A Biao and others even reminisced about the hardships and sweetness in the hall, chatting about the time he spent in Wan Chai. There is a glorious history of how to carry big bags at the dock and how to make the first pot of gold.
But what he never expected was that the news that Tie Ying and others came back next almost caused him to explode on the spot.

Not only did Li Yi fail to return the 16000 contracts he acquired to the institution, but he also bought all the contracts with all the funds in his account. He wanted to go long the Hang Seng Index.

What made his heart bleed even more was that the Hang Seng Index had plummeted from the original 1528 to 1496, and the downward trend was very obvious.

If this continues, it won't take long before all the money earned in the past few days will be vomited out, and it may even be lost.It’s really like thinking about heaven and hell!

However, just when A Biao asked if he wanted to ask Li Yi, Huang Lixing decisively refused.

He thought of what Li Yi said yesterday. It was obvious that Li Yi had thought of all this in advance, not on a whim.

Therefore, not only will he not let Li Yi stop in the past, he will also leave a bad impression.

Anyway, I’ve made so much money now, so don’t worry!
As Li Yi said, don’t rush and let the bullets fly for a while
However, the situation in the stock market in the afternoon surprised everyone.

At one o'clock in the afternoon, Lan Xinyi and others in Yuanji Restaurant were already full. They even drank two large pots of tea in the luxurious private room and took a short rest.

Just when everyone thought they were going back to the Mid-Levels Villa to rest, Li Yi once again unexpectedly asked Tie Ying and others to take them back to the Far East Stock Exchange.

When everyone returned to the exchange, the afternoon opening bell rang.

At this time, the Hang Seng Index fell again by 3 points compared with when they left, reaching 1493 points.

In other words, after they had a meal, Li Yi lost another 300 million!
Everyone in the team feels sorry for Li Yi!
This is 300 million. Even with the current high housing prices in Hong Kong Island, you can buy a good house of more than 6000 square feet in a good location.

But they just watched it turn into bubbles and disappear!

However, less than 10 minutes later, the situation outside reversed.

Somehow, suddenly a large amount of money poured into the stock market and began to purchase a large number of stocks and futures contracts, in a bid to buy the bottom.

With the support of such a huge amount of funds, the stocks and futures that were originally plummeting were suddenly reined in and stopped falling!
Then, with everyone's stunned expressions, the stock price began to rise.

Correspondingly, the Hang Seng Index also soared rapidly!
After learning about this change, everyone, including Lan Xinyi, was stunned. Only Li Yi's smile became brighter.

He knew that the British Hong Kong government came to rescue the market!
The three consecutive days of stock market crashes have caused heavy losses to all listed companies, with many companies losing one-third of their share prices, which has severely dampened the investment confidence of investors.

Under such circumstances, the Chinese capital in Hong Kong and the British-owned enterprises headed by Jardine Matheson came together in a rare move and asked the British Hong Kong government to rescue the market to prevent the situation from getting out of control.

Due to the huge pressure from these people, the British Hong Kong government had no choice but to come forward and unite these capitals to rescue the market.

Ever since, the current situation has emerged.

In addition to raising a large amount of funds to rescue the market, the British Hong Kong government also announced many favorable policies, which also greatly encouraged and stimulated the stock market that originally lacked confidence.

In this way, throughout the afternoon, the Hong Kong stock market swept away the previous decline. The trading volume of the four major exchanges surged, and the market began to soar at full speed!
At two o'clock in the afternoon, the Hang Seng Index rose to 1530 points!
After only an hour, it broke through the 1600 mark and headed strongly towards 1650?Points soared.

At four o'clock, the value reached 1695 points. The situation was excellent and investors' confidence was restored again!
But at this moment, Li Yi made another move
(End of this chapter)