Rebirth 1983: Starting from taking back the family property.

Chapter 479 Black Monday (2)

The stock market opened on time at 10 a.m. in Hong Kong. As soon as the Hang Seng Index opened, it fell in panic due to the influence of the New York Stock Exchange.

Although Nie Zhan sold his stocks, Lu Jiaxin bought the Hang Seng Index and therefore paid close attention to the stock market. Ten minutes after the market opened, he received a call from his manager, and he felt mixed emotions when he heard what the other party said.

Due to the impact of the New York stock market crash, the Hang Seng Index fell 120 points as soon as it opened, which had never happened before. It was a good thing for Jiaxin, but it was very dangerous for Wansheng Bank. Because he did not do what he said and did not recover the funds in time, and this stock market crash was definitely unprecedented, it was bound to cause a lot of bad debts, which was a very big test for the bank.

Su Heyuan was not so well-informed. He went to work as usual. He had a meeting scheduled at 10 o'clock, and after the meeting he talked for a long time with the sales manager and several middle-level managers.

He was busy until twelve o'clock and was about to go down to the restaurant for lunch. When he left the office, he found that the atmosphere outside was not right.

Su Heyuan called his secretary Huang Pingping over and asked, "What happened?"

Secretary Huang is plain-looking but very capable. Many bosses like to find young, beautiful and well-built female secretaries, but rabbits don't eat grass near their nests, and he is not married yet, so finding a secretary with a good-looking figure is an obstacle for him to find a partner.

Secretary Huang asked in surprise: "Doesn't the boss know?"

"What's the matter? Tell me?"

Secretary Huang thought that he must have been reviewing documents so he didn't know. She said with a bitter face: "The stock market fell 120 points when it opened, and just closed down 235 points. We asked around and found out that it was the New York stock market that plummeted. According to this trend, the opening in the afternoon will be..."

The word "fall" was not mentioned at the end, as it was too unlucky. She had used all her savings to buy stocks, which had more than doubled in half a year, but with such a drop, she might not be able to get back her money.

Su Heyuan was surprised and delighted: "Did it fall so much?"

Secretary Huang thought he was mentally disturbed because of the stimulation, so he said hurriedly: "Boss, boss, the real estate project our company launched last month is almost sold out, and the funds we recovered are almost 200 million. Now the stock market has fallen sharply, and houses are not easy to sell, so we have an advantage."

Su Heyuan ignored him and went back to the office to make a phone call. He first called the stock manager, and after confirming that it was true, he excitedly called Lu Jiaxin.

Miao Na answered the phone and said as soon as she heard his voice: "The boss has gone to class and will not be back until after school in the afternoon. If you have anything, call me after five o'clock!"

Lu Jiaxin doesn't come home at noon. She reads or reviews at school.

After hanging up the phone, Miao Na was a little puzzled. Su Heyuan knew the boss's work schedule, so why did he call at this time? However, he sounded very excited, so it should be a good thing, so she turned around and put these things aside.

Su Heyuan was indeed excited at the moment, but it was not easy to tell others about it. Not everyone was like him, selling stocks and shorting the Hang Seng Index.

After thinking for a while, Su Heyuan called Nie Zhan and told him that he wanted to treat him and Jiaxin to a big dinner in the afternoon.

Nie Zhan had to go back to the old house after get off work, so it didn't conflict with Su Heyuan's invitation: "Mr. Su, I have something else to do in the evening, you and Jia Xin can go eat together!"

"Ok."

"Congratulations, Mr. Su."

"Happy together."

Nie Zhan chuckled and said, "Jia Xin bought it, but I didn't."

"Ah, you didn't buy it? Didn't Jiaxin ask you to buy it?"

Nie Zhan said: "Just let her buy it. If the position goes bankrupt, I'm still there!"

Although he did not follow the short selling, he followed Jiaxin's advice to promote sales, and sold all the houses in the two buildings last month. After paying off 23% of the debt, there was still a little surplus, and the money raised from the rights issue last month was still in the account. The company had so much cash, and after the Hong Kong stock market opened and fell sharply, he immediately convened a meeting of senior leaders, and the topic was the next step for the company's development after hoarding land.

There are four ways to hoard land: government auctions, purchases of privately owned land, land rights exchange, and acquisitions of old buildings. Wansheng Real Estate has more than 12 billion in cash flow, and he plans to spend 10 billion to hoard land.

Su Heyuan was startled, then he thought Jiaxin had good taste in choosing him: "Mr. Nie, let's have dinner together when we have time."

"it is good."

The market opened at 165.8 p.m. and closed at 420.8 p.m., having fallen another points, for a total daily drop of points, a drop of more than percent.

After the market closed, Su Heyuan was so happy that he walked around the office twice, muttering, "I got rich, I got rich this time."

According to this trend, the stock market will definitely continue to fall. He listened to Lu Jiaxin and used a 10-fold leverage, which was equivalent to doubling his money today.

Su Heyuan had no intention of dealing with company matters, so he drove to the outside of the university and waited for more than half an hour before Lu Jiaxin came out.

As soon as he saw Lu Jiaxin, Su Heyuan said excitedly: "Jiaxin, the stock market crashed, we made money, we made a fortune this time."

Seeing people around looking at them, Lu Jiaxin couldn't help but hold her forehead and said, "There are too many people here, let's talk about these things when we get back to the apartment."

"Don't go back to the apartment. I'll treat you to a nice dinner."

Lu Jiaxin was not interested in a fancy meal: "I have a lot of homework to do today, please treat me to a nice meal on the weekend!"

Seeing her calm expression, Su Heyuan knew that she had received the news. Yes, almost everyone in Hong Kong was investing in stocks, and teachers and school staff must be among them.

Back at the apartment, Su Heyuan couldn't help but say, "The Hang Seng Index fell by more than 10% today. We doubled our profit today."

"The Hang Seng Index will continue to fall, but it is unclear how much it will fall."

According to my memory, the Hang Seng Index fell by nearly 50% during the stock market crash in 1987. They shorted with a 10-fold leverage and could earn more than 4 times.

Su Heyuan smiled and said, "Of course the more it falls, the better. Jiaxin, if it weren't for you, I would not only not make any money this time, but I would also lose a lot. Tell me what you want, and I'll buy it for you."

Lu Jiaxin didn't hold back on this time. This time, Su Heyuan could earn more than 100 million yuan by following her: "Famous calligraphy and paintings, porcelain, jade, these old items I like."

Su Heyuan laughed: "Okay, there will be an auction next month. I will give you the list of auction items then. Tell me what you like."

When Lu Jiaxin heard this, she thought that if there was something she liked on it, she could buy it and collect it.

Su Heyuan was actually very curious about how much Jia Xin bought, but since this was considered private, he didn't ask: "I called Nie Zhan at noon, and he congratulated me. Only then did I realize that he didn't buy anything."

Lu Jiaxin smiled and said, "He doesn't like taking risks, which is good in my opinion. What we are doing is actually just gambling. He prefers to play it safe, which is good too."

Su Heyuan felt that the two of them complemented each other: "Jia Xin, you will definitely make a lot of money this time. What kind of investment are you going to make?"

Lu Jiaxin smiled and said, "I haven't thought about it yet. What about you? You already have an idea."

(End of this chapter)