Rebirth 1983: Starting From Taking Back the Family Property Chapter 479

Chapter 479 Black Monday (2)

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

Although Nie Zhan shorted stocks, Lu Jiaxin shorted the Hang Seng Index, so he also paid close attention to the stock market. Ten minutes after the market opened, he received a call from the manager. He felt mixed after hearing what the other person said.

Affected by the plunge in the New York stock market, the Hang Seng Index fell by 120 points as soon as it opened. This has never happened before. This is a good thing for Jiaxin, but it is very dangerous for Wansheng Bank. Because he did not do what he said and did not withdraw funds in time, and this stock market crash is definitely unprecedented, it will inevitably cause many bad debts on behalf of the bank, which is a very big test for the bank.

Su Heyuan is not that well-informed. He goes to work normally. A meeting was arranged at exactly ten o'clock. After the meeting, I had a long talk with the sales manager and several other middle-level managers.

He was busy until twelve o'clock. He was going 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-General Huang is mediocre in appearance but very capable. Many bosses like to find young, beautiful, and well-figured female secretaries, but rabbits don't eat grass on the edge of their nests, and since he is not married yet, looking for a good-looking secretary with a graceful figure is a hindrance to him in finding a partner.

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

“What's the matter? Tell me?”

Secretary Huang thought that he should have been reviewing documents, so she didn't know. She said with a grimace: "The stock market dropped 120 points as soon as it opened, and it just closed down 235 points. We asked about it, and it turned out that the New York stock market plummeted. According to this Trend, the opening in the afternoon will be..."

The last word "die" was not mentioned, which is very unlucky. All her savings were used to buy stocks, which more than doubled in half a year, but she might not even be able to get them back after such a drop.

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

Seeing that he was mentally disturbed due to stimulation, Secretary Huang hurriedly said: "Boss, boss, the properties our company opened last month were almost sold out, and the funds withdrawn were almost 200 million. Now the stock market has plummeted, and the houses are not in good condition. If we sell, we have an advantage.”

Su Heyuan ignored him and turned back to the office to make a phone call. He first called the stock manager. 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 won't come back until after school in the afternoon. If you need anything, please call me after five o'clock!"

Lu Jiaxin did not come back at noon, but stayed at school reading or reviewing.

After hanging up the phone, Miao Na was a little confused. Su Heyuan knew the boss's schedule, so why did he call at this time? But hearing his tone of excitement was probably a good thing, so he turned around and put these things away.

Su Heyuan was really excited about this meeting, but it was hard to tell others about it. Not everyone is like him, who sells stocks and shorts the Hang Seng Index.

After thinking about it, Su Heyuan called Nie Zhan and told him that he wanted to invite him and Jia Xin to have a big dinner together in the afternoon.

Nie Zhan has to go back to his old home after get off work, so there is no conflict with Su Heyuan's invitation: "Mr. Su, I have something to do in the evening, you and Jia Xin go to eat together!"

"OK."

“Mr. Su, congratulations.”

“Same joy and joy.”

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

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

Nie Zhan said: "She can just buy it. If the position is liquidated, I will still be there!"

Although he did not follow the short selling trend, he followed Jiaxin's suggestion to promote sales, and last month all the houses in the two properties were sold. After paying off 23% of the debt with the withdrawn funds, there is still a little balance, and all the money raised from the rights issue last month is still on the account. The company had so much cash that after the Hong Kong stock market fell sharply at the opening, he immediately convened a meeting of senior leaders. The topic was the next step of the company's development after hoarding land.

There are four ways to hoard land: government auction, purchasing land from private hands, exchanging land rights letters, and acquiring old buildings. Wansheng Real Estate has more than 1.2 billion in cash flow on its books, and he plans to use 1 billion to hoard land.

Su Heyuan was startled, then felt that Jia Xin was really discerning in finding him: "Mr. Nie, let's have dinner together when we have time."

"good."

It opened at 1 p.m. and closed at 4 p.m., falling another 165.8 points. It fell 420.8 points throughout the day, a drop of more than 10%.

After the market closed, Su Heyuan was so happy that he walked around the office twice, muttering: "It's paid, it's paid now."

According to this trend, the stock market will definitely continue to fall. He listened to Lu Jiaxin and used ten times the leverage, which is equivalent to doubling it today.

Su Heyuan was not in the mood to deal with the company's affairs. He drove to 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 has plummeted and we made a profit. We made a lot of money this time."

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

“Don't go back to the apartment, I'll treat you to a big dinner.”

Lu Jiaxin is not interested in eating a big meal: "I have a lot of homework to do today, please treat me to a good meal on the weekend!"

Seeing how calm she looked, Su Heyuan knew that she had received the news. Yes, almost everyone in Hong Kong is trading in stocks, and teachers and school staff must be among them.

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

“The Hang Seng Index will continue to fall, but it's unclear how much it will fall.”

According to memory, the Hang Seng Index fell by nearly 50% during the 1987 stock market crash. They are ten times leveraged to short, and can make more than four times the profit.

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

Lu Jiaxin was not polite to him this time. This time Su Heyuan could earn more than 100 million by following her: "I like famous calligraphy and painting, porcelain, jade, these old objects."

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 it, she thought that if there was anything she liked, she could buy it and collect it.

Su Heyuan was actually curious about how much Jiaxin bought, but it was considered private so he didn't ask: "I called Nie Zhan at noon, and he even congratulated me. Only then did I know that he didn't buy it."

Lu Jiaxin said with a smile: "He doesn't like taking risks, which I think is good. People like us are just gambling. He prefers to play it safe, which is also good."

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

Lu Jiaxin said with a smile: "I haven't thought about it yet, what about you? You already have an idea."

(End of this chapter)

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