Started from Hong Kong Island

Chapter 188 188 [Dilemma]

After a month of crazy decline in the stock market, the Hang Seng Index finally fell below the 1000-point mark, closing at 934.5 points yesterday. In just 30 days, the Hang Seng Index has fallen by more than 800 points, a drop of nearly 5%.

In fact, when the stock market first fell from its highs, not only were some people in the market convinced that it was just a technical adjustment, the Hong Kong government also believed that it was a short-term phenomenon, so the Hong Kong government issued an announcement that "the tax rate on profits from buying and selling stocks must be increased."

Unfortunately, this news made Hong Kong stock investors even more panicked, exacerbating the stock selling trend and making it difficult to save the stock market.

Although the actual asset value of some well-run companies is not much different from their market value, the general trend of the stock market is such that it cannot be saved by a small number of companies, so most companies are deeply affected. The share prices of Changxin Real Estate Company and China Entertainment Real Estate Company have fallen by more than 2000%, and their market value has lost more than million, which makes Li Wendi very distressed.

As the stock market fell too sharply and too quickly, and there were signs that it would impact Hong Kong's financial system and affect social stability, the heads of four exchanges and banks jointly met with the Hong Kong government's Financial Secretary, Richard Hammond (a British man), to discuss policies to "stabilize the stock market."

However, after several rounds of meetings, Haddon-Chapter still stated that the Hong Kong government insisted on "not interfering with the operation of the free market", but expressed support for some spontaneous measures introduced by banks and exchanges.

According to the Sing Tao Daily, the measures are divided into four parts: first, postpone the listing of new shares for three months to reduce stock supply; second, strictly limit brokers to settle within 3 hours to curb short selling speculation; third, some large banks agree to relax stock mortgage loans and loosen market credit; fourth, lift foreign exchange controls to restore market investment confidence.

Although Hong Kong's economic experts and the Hong Kong government have called on investors to remain calm and Hong Kong's investment prospects are good and the stock market will soon stabilize, investors still do not believe all this and think it is a trick of the Hong Kong government, which has once again intensified investors' panic.

Li Wendi remembers that there was a stock market rebound for about two weeks in early May, and the Hang Seng Index rose by more than 5 points, which was a good investment direction.

So Li Wendi plans to start buying a small amount of stocks at the end of April. It shouldn't be a problem to make a few million.

Of course, this is a risky investment and you will lose money if you are not careful.

However, after so many accurate predictions, Li Wendi began to become a little arrogant and did not think that he could not seize such an opportunity.

However, Li Wendi's partner for many times, Chen Xingzhou, is in a "headache" state. As he did not withdraw from the stock market in time, a large amount of money has now fallen into the quagmire of the stock market. Although it has not affected the normal operation of the two companies, they are also half-dead. Many shareholders have come to inquire about the company's operating conditions, but were evaded by Chen Xingzhou. However, it is unlikely to happen again next time.

"We are not the only ones who suffered from the stock market crash. Many shareholders also suffered heavy losses, so they came to inquire about the company's situation." Chen Jinxi's face was gloomy. "But Li Wendi has reaped a lot of benefits. Not only did he make a lot of money in the stock market, but he also issued 1000 million new shares before the stock market crash and raised 3000 million. I don't know if it was good luck or if he saw something in advance?"

Chen Xingzhou lowered his head and thought for a moment, then said in a deep voice, "They must have seen the stock market collapse in advance, otherwise they wouldn't have withdrawn so aggressively."

"Li Wendi has always been a mysterious person with a sharp eye, which is why I have cooperated with him many times. It's all my fault for being too careless. HSBC Bank boss Sanders mentioned the overheated stock market investment many times, but I didn't take it seriously."

"It's no use talking about this now. What we need to consider is how to reduce losses. Even if we can't have no profit, we can't lose too much." Chen Jinxi sighed and said, "Why don't we ask Li Wendi what he thinks? Maybe he has a solution."

Chen Jinxi has always looked down on Li Wendi. The main reason is Li Wendi's background, not Li Wendi's ability and vision. In fact, she still admires Li Wendi's ability. After all, few people can start from scratch like Li Wendi, who is only in his 20s.

Chen Xingzhou was a little too proud to let go, and was very reluctant to "admit defeat" to Li Wendi.

Chen Jinxi didn't force Chen Xingzhou. She believed that her brother could figure it out. The current situation was worrying. "Okay!" Chen Xingzhou let out a long sigh. "I'll call Li Wendi myself and ask him to come out and have a chat. I hope he can give me some good advice."

In fact, Chen Xingzhou had no hope that Li Wendi could give effective suggestions, because this was a general collapse and the power of one person was like 'a mantis trying to stop a chariot'. However, he still wanted to hear what Li Wendi had to say, just in case some inspiration could be generated from it.

Such a scene also happened in Deng Songlian's family, but the Deng family had more people involved, unlike the Chen family where only the Chen brothers and sisters were involved.

Deng Jiaren was also a greedy person. At the beginning of the stock market collapse, he still held out hope for a "technical adjustment". However, after a month, the stock market situation did not improve. He became worried and wanted to seek help from Deng Songlian.

The situation of the Deng family is even worse. After all, Deng Jiaren does not have an assistant like Chen Jinxi. The current situation is that the daily working capital of Dengji Real Estate Company has been exhausted. Although this is not a big loss, if Dengji Real Estate Company has no more capital injection or recovery, the company will face bankruptcy.

"Dad, what should we do? Our funds are completely stuck in the stock market." Deng Jiaren said with a ruddy face, his tone full of anxiety.

The Deng family spent all their savings to finance the listing of Dengji Real Estate Company. However, as a senior in the underworld, Deng Songlian had been in the underworld for many years and was able to raise millions of dollars by relying on his own prestige.

If Wei Renwei had not defected, Deng Songlian could have handled the matter easily. But now his old partners have become dissatisfied with him because of Wei Renwei (Wei Renwei was a victim of the internal strife in the Deng family, and those uncles had some speculations). If he used the Heliansheng Society to raise funds, his position seemed even more precarious. However, Deng's Real Estate Company had cost him countless efforts, so how could he give up?

"We are selling some of the properties at home now, which should fetch several hundred thousand. Let's turn them over for some time, and maybe the stock market will go back up." Deng Songlian glanced at Deng Jiaren with a hint of disappointment in his eyes. The most taboo thing in doing business is greed. He has said this many times, but Deng Jiaren didn't listen to a word he said.

"Yes! But the current market situation is not good, and our competitors may lower their prices." Deng Jiaren said weakly. He already knew his father's dissatisfaction, and he was also afraid that his father would give up on him and turn to the group of people in the second house.

"I will ask the people in the society to help you. Now we can't care about face anymore. Our top priority is to keep Dengji Real Estate alive." Deng Songlian stared at Deng Jiaren and said, "Do you understand?"

"Understood! I will try my best to ask for a high price." Deng Jiaren was a little afraid of Deng Songlian's eyes, as if he wanted to eat him.

In the Deng family, Deng Songlian is the emperor, and what he says is always the imperial decree. Others dare not refute him. After all, Deng Songlian's domineering and murderous aura has existed for a long time, and it is difficult for anyone to understand his temper.

The housekeeper Lin Chaoyuan was an exception, but Lin Chaoyuan never expressed his opinions in front of the younger generation of the Deng family. He would only inform Deng Songlian of his decision.

After the younger generation of the Deng family left, Lin Chaoyuan smiled and said comfortingly, "Don't be angry! Young people are all 'ambitious'. Wasn't it the same when we were young?"

"Ayuan, what you said makes sense, but I sent them to study abroad because I thought they could come back to help me, not to cause me so much trouble. Besides, they act so recklessly, how can I leave the Deng family to them in the future?" Deng Songlian couldn't help but sigh in front of his old friend.

“Isn’t there still room for improvement? Young people can only grow if they learn some lessons.” Lin Chaoyuan still had a warm smile on his face.

Deng Songlian nodded reluctantly, "Let's wait and see. I hope it's as you said."

(End of this chapter)