Go back in time and be a chaebol

Chapter 949: Nanyang Fever (Third update, please subscribe)
The early morning light shines through the windows and gently shines on every corner of the Yong'an Stock Exchange.

Unlike the mess of papers all over the floor after yesterday's closing, the place has now been cleaned up and there is not a single piece of paper to be seen.

Li Changqing, a stock trader at a securities company, walked into the exchange as usual, holding a cup of iced coffee in a paper cup. Like all traders, he would finish the iced coffee before the market opened.

The coffee is gently placed at the front desk, and the aroma of the coffee is intertwined with the unique tense atmosphere in the exchange, creating a unique atmosphere.

Afterwards, Li Changqing put on his vest swiftly and turned around to chat with the traders around him about the changes in the market. Their laughter and discussions continued, and occasionally, everyone's eyes would be cast on the blackboard recording the stock market situation. The changes in the numbers on the blackboard indicated the ups and downs and changes in the market.

"...Recently, Nanyang Locomotive Company has been doing very well. Many countries have purchased locomotives from them, and the United States has also purchased our high-speed trains."

"I think it's Jianmin Pharmaceutical. The new drug they developed is very effective..."

Just as they were talking about the stocks they were optimistic about, suddenly, a rapid phone ring broke the tranquility of the early morning. Then, the phone rings in the stock exchange rang one after another, as if they were boiling oil pans in an instant.

The piercing ring of the phone caught everyone off guard. This sudden change shocked everyone, and they looked at each other, not knowing what had happened.

But they had a hunch - today was destined to be a restless day!

Traders picked up the phones in front of them, and one voice after another was clear and firm:
"All in on South Sea Oil!"

This voice echoed in every phone call, like a thunderclap, instantly igniting everyone's enthusiasm.

“It’s definitely good news!”

This is definitely good news, otherwise they would not have received such calls. Obviously those people got inside information.

At any time and in any place, there will always be some people who get inside information in advance. Even Nanyang is no exception.

Before the market opened, news that Nanyang Persian Gulf Oil Company, a subsidiary of Nanyang Petroleum Company, had discovered a large oil field in the Persian Gulf spread like wildfire, and the entire exchange was in an uproar.

"That well is now spewing out thousands of tons of oil every day!"

"I heard that Well No. 2 has also produced oil, and it is also a large self-flowing well..."

Big oil field!
Thousands of tons of gushing wells every day!
These oil wells are not spewing oil, they are spewing money.

Putting down the coffee in his hand, Li Changqing's eyes flashed with excitement. He drank the iced coffee in one gulp, and then prepared to join the feast with full energy.

Today is destined to be an unusual day. The Nanyang Persian Gulf Oil Company, a company that has been silent for many years, has finally entered the world's attention in a stunning way.

In the few years since its listing, it has been lukewarm, with its stock price neither rising nor falling sharply.

As a subsidiary of Nanyang Petroleum Corporation, Nanyang Persian Gulf Oil Company does not seem to have any good news. Although its stock price rose a few months ago because it began exploring for oil in the Persian Gulf, the fluctuation range was very limited.

Even most of the time, he just lay quietly in the corner, and no one would notice his existence at all.

Compared with Nanyang Persian Gulf Oil Company, the market is more concerned about the cooperation between Nanyang Petroleum Company and Aramco. But now, the sudden good news immediately pushed Nanyang Persian Gulf Oil Company to the forefront.

As the market was about to open, the atmosphere in the exchange became increasingly tense. Suddenly, with the ringing of the opening bell, the exchange became as noisy as a vegetable market, with everyone shouting.

"Nanbo Petroleum, 1 cents! Buy it"

"Nanbo Petroleum, 1 cents! Buy it!"

Traders kept quoting new prices, pushing the share price of Nanyang Persian Gulf Oil to new heights. Less than two hours after the opening, the share price of Nanyang Persian Gulf Oil, which had opened at only 1 cents, rose to 2 cents.

The surge in shares immediately attracted attention from all walks of life, and the news of the discovery of a large oil field by the South Sea Persian Gulf Oil Company was reported on radio and television.

"…According to sources, the reserves of the Safaniya oil field of the South Pacific Persian Gulf Oil Company are likely to be comparable to the world's largest Ghawar oil field…"

The good news on the broadcast excited the entire market. Everyone was nervously watching the changes in the market, hoping to get a share of this good news.

At least, that was the case for all stockholders. They even bought the shares of the newly established Nanyang Libyan Oil Company. For a time, all the oil stocks on the Yongan Stock Exchange soared.

The market has always been crazy. In such madness, it is difficult for people to even be rational.

……

“It actually broke through 800 points!”

The next morning, looking at the news that the Yong'an Index broke through 800 points, Li Yian couldn't help but be stunned for a moment. Then, he realized that he seemed to pay little attention to the securities market.

It’s not that he doesn’t pay much attention to it, but that he doesn’t need to pay attention to anything at all. After all, the market should be left to the market without excessive interference. All the government needs to do is to formulate corresponding laws to ensure market fairness.

For example, the stock market cannot be turned into a tool for certain companies to make money. The experience of being devastated by the Myanmar A stock market has made Li Yian fully aware of what role he should play.

However, the current rise of the Nanyang Index is indeed somewhat unexpected. After all, Nanyang’s securities trading history is still very short.

"Isn't it a bit too hot?"

Looking at the news in the newspaper, Li Yian had already learned about the good news from the outside world a few days ago. Of course, he did not need to compete with the people for profits. After all, he was also a major shareholder of the Nanyang Persian Gulf Oil Company and did not need to consider making profits from the market at all.

But facing the reality that the market index exceeded 800 points, Li Yian seemed a little nervous.
"Let's leave the market to the market,"

Afterwards, Li Yian put the matter behind him. The stock market will always be just the stock market. The reason why it was placed in Yong'an was, to a certain extent, to keep it away from the influence of Chang'an, or away from the influence of power.

Since this is the original intention, why should we intervene too much?
However, looking at the extremely hot stock market in the newspapers, Li Yian is somewhat looking forward to it. He hopes that Yong'an can become the world's financial center in the future.

It's like Hong Kong Island in another world.

Well, as of now, it is basically certain that the future development of Hong Kong Island will be very limited. After all, after the great changes in Tangshan, most of the funds that originally flowed into Hong Kong Island flowed into Southeast Asia.

In the past few years, the influx of foreign capital and talent has indeed greatly helped the development of Nanyang. Correspondingly, the development of Hong Kong Island has naturally been affected.

While looking forward to Wing On becoming the world's third largest financial center, Li Yian could only say sorry to Hong Kong Island in his heart.

"Well, it's just the normal flow of capital."

This is the normal flow of capital, capital will always flow to places with greater development potential. Compared with Hong Kong Island, the development of Nanyang is not just potential.

Today, Nanyang has long become the leader of the Asian economy, naturally attracting capital from all over the world. It is this capital from all over the world that has boosted Nanyang's stock market.

Thinking of the role Yongan will play in the world financial market in the future, Li Yian nodded and said.

"Well, it's hot, but the development of any financial market will always suffer some setbacks..."

(End of this chapter)