Chapter 214 Huge income and short selling before the stock market crash (7K chapter, please subscribe~)

  1973, Friday, March 9th!

   Sunny!

  Today is the last trading day of Xiangjiang stock market this week.

  As all kinds of good news came out, the stock prices of all listed companies in Hong Kong soared on the blackboards of the four major exchanges, as did the Hang Seng Index.

The stockbroker in the red vest has only one thing to do at this time, answer the phone, then go to the blackboard, erase the original price of a certain stock, and then write a new price, indicating that the price will increase acquisition.

   Everyone's face is filled with bright smiles, the stock market is soaring, and everyone's wealth is increasing.

   Not only the four major exchanges, but also in various securities companies in Xiangjiang, those stockholders are also sitting there, with nervous smiles, carefully watching the growth rate of the stock they bought on the blackboard.

   "Mom, look quickly, the stock price of Jiahu Textile has risen again, and it is now 6.7 yuan!"

  In the trading hall of Sun Hung Kai Securities in Central, a mother and daughter, like other stockholders, sat on a bench provided by Sun Hung Kai Securities, happily looking at the blackboard. The stock price of Jiahu Textile continued to rise.

   And this mother and daughter are Gu Chengxi's mother and younger sister Gu Xiaomei.

  Now Gu Xiaomei decides to give up her star dream first, and learn to trade stocks with her mother.

   That's right, at this time, Mama Gu has obviously regarded herself as a stock god.

   "Haha, your sister also said that the Xiangjiang stock market will cool down. Looking at the current situation of the Xiangjiang stock market, how can it possibly cool down? I think those economic experts hired by their newspaper should be fired!"

  Mother Gu was very proud to preach at this time.

   Gu Xiaomei sat next to her and nodded, "But if we're like this, don't worry about sister. Mommy, haven't you promised her to sell these stocks as soon as possible?"

  Mother Gu laughed and said, "Sell? My silly girl, with the current situation in the Xiangjiang stock market, not only can we not sell, but we have to add more!"

   Gu Xiaomei showed a puzzled expression, "Mum, didn't you say that all the money in the family was used to buy stocks?"

  Mother Gu said proudly: "Yes, but you see that the Xiangjiang stock market is so hot now, even if you borrow money to buy it, you won't lose money!"

  Hearing what Gu's mother said, Gu Xiaomei was really taken aback. She didn't expect her mother to think of borrowing money to buy stocks.

   After seeing Gu Xiaomei's expression, Gu's mother became more and more proud, "Are you scared?"

Gu Xiaomei nodded and said: "Sister said, what Huan Shao told her personally that Xiangjiang's stock market will definitely fall, and Sister also reminded us that as long as there is a slight drop, we will sell it immediately. Drop the stocks in your own hands!"

Gu Chengxi has given up persuading her mother to give up stock trading, because she found that it is not realistic at all. In addition, Gu Chengxi is also a little confused at this time. Will the Xiangjiang stock market really fall like Chu Huan and many others predicted? ?

   I don’t blame Gu Chengxi for thinking this way. The Xiangjiang stock market is so hot now that there is no sign of a decline. This also gives those stockholders the best proof to refute this rhetoric.

  So in the end, Gu Chengxi decided to take a look first, just reminding his mother that it doesn't matter if you continue to hold it now, but as long as there is a decline, you can no longer hold it and sell it immediately!

When Gu's mother heard Chu Huan's name, she immediately showed a disdainful expression: "Young Master Huan, you still listen to him? Didn't you read today's newspaper? In order to repay the gambling debt he owed in Haojiang, he even sold the Lost the shares of Jiahu Textile in his hand, look at the stock price of Jiahu Textile now, guess he is hiding somewhere and crying secretly at this time!"

  This morning, Xiangjiang’s newspapers finally published the news that Chu Huan had sold Jiahu Textile’s shares. If such a situation had occurred before Chu Huan’s “accident”, it would definitely affect the stock price of Jiahu Textile, but it is different now.

  In the eyes of ordinary citizens in Xiangjiang, Chu Huan is already a complete loser at this time. Since he is a loser, it is a good thing for Jiahu Textile that he left Jiahu Textile.

   Therefore, the stock price of Jiahu Textile did not fall but rose.

   "Huan Shao!"

   Gu Xiaomei preached in a murmur.

   "What Huan Shao?" Mother Gu didn't understand what Gu Xiaomei meant.

   Gu Xiaomei grabbed her mother's hand, pointed to the corridor next to the hall and said, "Look, it's Chu Huan!"

  Because of Gu Chengxi's occupation, there is a photo of Chu Huan in Gu's family, so when Chu Huan appeared in Sun Hung Kai Securities, Gu Xiaomei recognized Chu Huan at first sight.

  Mother Gu immediately said triumphantly: "See, Chu Huan must have regretted it now. He came to Sun Hung Kai Securities to buy stocks. What are we worried about!"

   Gu Xiaomei felt that what her mother said made sense, but things like borrowing money

   "Mum, do you want to discuss borrowing money with my elder sister, after all, she has been admonishing me before!" Gu Xiaomei was still a little worried.

Mother Gu said a little unhappy: "I told your sister, can she agree? Besides, didn't you say that you fell in love with a bag two days ago? When the time comes, our stocks will make money. , can't I buy it for you?"

  Hearing what Gu's mother said, Gu Xiaomei immediately lost her worry, and said with a smile: "Okay!"

   "A Huan, we haven't seen each other for a while!"

  In Feng Jingxi's office, Chu Huan and Feng Jingxi sat opposite each other. Looking at the young man in front of him, Feng Jingxi felt a lot of emotion in his heart.

  Became famous at a young age, but fell into the abyss in just a blink of an eye. Seeing goodbye at this time feels like a world away.

   "Uncle Feng, don't make fun of me. I came this time to express my gratitude to you. You called me so many times before, but I didn't answer them!"

Feng Jingxi was the first Xiangjiang rich man Chu Huan met after he was reborn in Xiangjiang. A few days ago, Chu Huan had an "accident". Not only Feng Yongfa was looking for Chu Huan, but even Feng Jingxi called Chu Huan, but at that time Chu Huan didn't want to There are extra problems, so people with black and white images pick them up.

  Feng Jingxi chuckled, obviously still angry: "I thought you had Jian Yueqiang's help, so you forgot about Uncle Feng!"

  Chu Huan hurriedly smiled and said, "How could it be? It was just at that time, knowing that I had let everyone down, I was embarrassed to see everyone!"

  Feng Jingxi teased: "You still know that you let everyone down?"

   "I know, I know!" Chu Huan continued to laugh and said, "Didn't I come here on purpose today to apologize to Uncle Feng?"

  Feng Jingxi sneered and said, "Didn't you come here to take Chen Tao away?"

   "The main reason is to listen to Uncle Feng, and the second is to take Chen Tao away. Otherwise, Chen Tao, how could I come here in person!" Chu Huan laughed.

  Feng Jingxi stopped being entangled in this matter after expressing his own meaning.

"Ah Huan, among the young people in Xiangjiang, you are the most sensitive person I have ever seen in the stock market. If you can learn your lesson this time, I believe you will make a comeback in the future. Remember that a temporary failure is not a failure. What, you should take a long-term view in everything you do!"

  Chu Huan nodded and said, "I remember."

   Then Feng Jingxi sighed and said: "Actually, it is not a bad thing for you to sell the shares of Jiahu Textile in your hand to Chu Tianxiao. The stock market in Xiangjiang is hard to describe. Maybe there will be a big crash that day!"

   It can be seen that Feng Jingxi is not very optimistic about Xiangjiang's stock market at this time.

  Looking at Feng Jingxi, Chu Huan also felt a lot of emotion. This person's luck is really not very good!

  Feng Jingxi, who was born in Yangcheng, fled to Xiangjiang alone when he was 16 years old. At that time, he could only work as an apprentice in Peel Dockyard in To Kwa Wan, Kowloon. The daily salary was 13 cents, and the monthly salary was nearly 4 Hong Kong dollars.

  Later Xiangjiang fell, and Feng Jingxi returned to Yangcheng, but did not go home. Instead, he worked as an apprentice in a bank.

  Following the recovery of Xiangjiang, Feng Jingxi returned to Xiangjiang with 2,000 Hong Kong dollars and started a small business. In 1948, he heard that the price of fish fry in Taiwan Island was high, so he raised funds and borrowed money, and put all his eggs in one basket.

He bought a boat, bought fish fry, and wanted to transport them to Taiwan Island to make a fortune, but Feng Jingxi fell into a coma at sea. When he woke up, most of the fish fry on the boat were dead, and when they arrived in Taiwan Island, all the fish fry were dead. Lost.

  Feng Jingxi, who wanted to cry but had no tears, could only choose to mortgage his fishing boat on Taiwan Island, and wanted to transport the bananas from Taiwan Island back to Xiangjiang, but when the boat arrived in Xiangjiang, the bananas were already rotten.

   At this time, Feng Jingxi could only start from scratch.

   Later, like Huo Yingdong, relying on a certain war, he made a comeback and accumulated some wealth, and later co-founded Sun Hung Kai with Guo Desheng and Li Zhaoji.

  During this period, Feng Jingxi’s development was fairly smooth. In 70 years, Feng Jingxi took the lead in leaving Sun Hung Kai Properties and founded his own Sun Hung Kai Securities.

   As a result, within two years, there will be a stock market crash this year, with a loss of up to 400 million Hong Kong dollars!

   Fortunately, after Feng Jingxi survived the stock market crash, he continued to make efforts. First, he established Sun Hung Kai Insurance in 1979, and then changed another company under his name, Sun Hung Kai Finance, into a bank in 1982.

Then, Feng Jingxi's unlucky attributes broke out again, and he encountered the bank run in Xiangjiang again. In order to survive, Feng Jingxi could only turn to the French Tanita for help, and after paying 50% of the equity, he was able to keep the bank, but This also caused Feng Jingxi to lose control of the bank.

  Finally, in 1985, Xiangjiang Feng Jingxi was working in Vancouver, and died of cerebral hemorrhage at the age of 63!

   "Uncle Feng, the Xiangjiang stock market is very abnormal now, I think it's better to be more conservative!" Chu Huan reminded Feng Jingxi when he thought of the loss this time.

Feng Jingxi put away his exclamation, laughed and said: "Haha, don't worry, A Huan, although your sense of the stock market is very keen, but I have been in this industry for many years, and I will know how to measure it. Don't worry about me anymore!"

Seeing Feng Jingxi's confident look, Chu Huan tried to remind him: "I heard that the Hong Kong government is studying the taxation of stock income. If this law is introduced, it will definitely hit the current Hong Kong stock market! "

   At this time, the income in the Xiangjiang stock market is not taxed.

However, next month, the Financial Services Bureau of the Hong Kong Government will issue a regulation that "profits from trading stocks must be subject to profit tax". This is another blow to the Hong Kong stock market at that time. mark!

  Feng Jingxi immediately showed a shocked expression when he heard the news: "Who did you listen to?"

  Chu Huan could only say: "A friend!"

Feng Jingxi's expression was uncertain, and he couldn't judge whether Chu Huan's words were true or not. According to his understanding of Chu Huan, it was impossible for Chu Huan to lie to himself on this matter, but at Feng Jingxi's level, no matter what it was Things will have their own considerations.

   "If this news is true, it can really cool down the current Xiangjiang stock market. I'll think about it again!"

  The conversation has already reached this point, so Chu Huan can't say anything more. He can only hope that Feng Jingxi will lose less in this storm!

  After chatting with Feng Jingxi for a few words, he brought Chen Tao, who was dizzy and confused, to Fengwu Securities.

  Even at Sun Hung Kai Securities, when Chu Huan asked Chen Tao if he wanted to go to Fengwu Securities, Chen Tao was already confused.

But Chen Tao saw Chu Huan's news on today's news. Although Chu Huan's performance before was hard to describe, Chen Tao also knew that Chu Huan now has tens of millions of cash in his hands. Go to Fengwu Securities For Chen Tao, managing Chu Huan's funds is definitely a matter of more advantages than disadvantages.

  So although he was confused, Chen Tao immediately agreed to Chu Huan's request.

   "You should familiarize yourself with the situation of Fengwu Securities first, and come to the office with Liu Zhiyuan in the afternoon."

   After handing Chen Tao over to Liu Zhiyuan, Chu Huan went to Cao Yunshang's office.

  Looking at Chen Tao, Liu Zhiyuan wanted to slap himself hard again in his heart, blaming him for what he owed yesterday.

  I just suggested that Chu Huan continue to buy Xiangjiang's real estate stocks yesterday, but today Chu Huan brought a new stock broker and asked me to take him with him. The meaning of this is self-evident!

  But Liu Zhiyuan himself had no choice but to obey orders.

   "Let's go, first sign the non-disclosure agreement!"

  It was afternoon. Not long after the stock market opened, Liu Zhiyuan brought a shocked Chen Tao to Cao Yunshang's office.

  When he saw Chu Huan sitting on the sofa with a relaxed expression, he really wanted to go up and pinch Chu Huan's neck, and asked loudly, "You are hiding the whole Xiangjiang to your bones."

  Chu Huan didn't pay attention to Chen Tao's expression, but said to Liu Zhiyuan: "Is everything sold off?"

  Liu Zhiyuan nodded. Although Chen Tao was the one who made him feel uncomfortable, he still couldn't help but said happily: "It's all sold off, this time I'm happy with you."

  How much did Chu Huan earn from this nearly one-year-long plan?

Last year, Chu Huan first set up Tianhua Toys, and then attacked Ruixing Co., Ltd., and obtained a total of 47 million cash. refer to.

  In the middle, Chu Huan drew cash many times. When the bulls fought last year, the value of the HSI futures in Chu Huan's hand was still 32 million.

   Then Chu Huan invested another 50 million in cash to buy the Hang Seng Index!

   At that time, the Hang Seng Index market was 759 points!

   And Chu Huan began to sell in batches when the Hang Seng Index was at 1698 points, and today the Hang Seng Index reached its highest point at 1774.96 points!

  At first, Chu Huan thought that because of his sell-off, the Hang Seng Index would have to go down, but it didn't happen at all.

  In the past three days, the Hang Seng Index has been rising steadily.

   This also led to the fact that all the HSI futures in Chu Huan's hands were sold off at an average of 1725 points!

   And Chu Huan got 186.36 million Hong Kong dollars again with this operation alone!

   In addition, Jian Yueqiang helped Chu Huan do the calculations before. After selling the shares of Jiahu Textile, the cash he left in his hand was 46 million in cash.

   But this data is definitely wrong.

   After selling shares in Jiahu Textile, Chu Huan received 123 million Hong Kong dollars.

   The only two items that need to be deducted are the 33 million cash loan of the Bank of East Asia and the 14 million cash loan of the Hang Seng Bank.

As for the so-called Haojiang gambling debts, black and white images, and holes in fantasy comics, they were all illusions created by Chu Huan. Of course, the cash from these two companies was indeed used by Chu Huan for other things. But certainly not a hole.

   In other words, Chu Huan had 76 million cash at that time.

  Because the commission of the HSI earnings to Fengwu Securities needs to be deducted, Chu Huan’s specific earnings on the HSI are 186 million Hong Kong dollars.

  Plus this 76 million cash.

  At this time, the cash available for deployment in Chu Huan's hands has reached an astonishing 262 million Hong Kong dollars!

  Liu Zhiyuan and Chen Tao didn't know about the 76 million cash in Chu Huan's hands, but the gains from the Hang Seng Index alone were enough to shock the two of them.

   "Okay, you two go down first, Liu Zhiyuan must have your red envelope!"

  Chen Tao did not participate in the harvesting of the Hang Seng Index this time, so he naturally did not get any dividends.

   After Liu Zhiyuan and Chen Tao left, Cao Yunshang finally couldn't bear the excitement and jumped into Chu Huan's arms.

   "It's amazing. I'm afraid there are not many people in Xiangjiang who can mobilize such a large amount of funds!"

  Cao Yunshang is the person who knows Chu Huan's current situation best, and naturally knows how much cash Chu Huan has in his hands.

   "Don't get excited, don't get excited, this is just a routine operation!" Chu Huan put Cao Yunshang on the sofa and said with a smile.

  Cao Yunshang exaggeratedly said: "How can you not be excited!"

  Chu Huan said with a smile: "Only I can move the chicken, you don't have that function, don't talk nonsense!"

  Cao Yunshang froze for a moment, blushed suddenly, and punched Chu Huan coquettishly a few times.

   After laughing, Cao Yunshang asked Chu Huan: "What should we do next?"

   This is the only thing Cao Yunshang is worried about. Everything Chu Huan does now is based on the decision that Xiangjiang's stock market will crash.

  If there is no so-called crash in the Xiangjiang stock market in the future, then although Chu Huan has obtained a huge amount of cash, he will also lose the foundation to regain Jiahu Textile.

   "Now?" Chu Huan sat there, with a cruel expression in his eyes, and said, "What we have to do now is to short the shares of Jiahu Textile!"

  The operation of short-selling stocks is to sell stocks at a higher market price, and the investor himself does not own stocks; if he has stocks in hand and sells stocks, it is not called short-selling. After shorting the stock, if the stock price falls, he can buy back the stock at a lower price to close the position and make a profit; otherwise, he has to buy the stock at a higher price to close the position.

At this time, Xiangjiang’s Securities Regulatory Commission has not yet been established, and the laws on short-selling stocks are not so sound. If the Securities Regulatory Commission is established, if Chu Huan wants to have such an operation, he must contact Xiangjiang’s major brokerage firms and pay interest. and pay a deposit of 105% of the market value of the short-selling stock as collateral.

   But that's not needed right now.

  Cao Yunshang showed a shocked expression, Chu Huan is about to start the final decisive battle with Chu Tianxiao.

   But, is Chu Huan's guess really accurate?

  Will the Hong Kong stock market crash really come?

   "Is it a little too hasty, we can wait!"

  Cao Yunshang didn't want Chu Huan to take this risky move!

  Chu Huan shook his head and said, "I don't want to wait anymore. I have been waiting for almost two years for today, and now I don't have to wait any longer!"

  Cao Yunshang still wanted to persuade, but Chu Huan went on to say: "Don't worry, even if Xiangjiang is in a big bull market now, I have a way to make Jiahu Textile's stock price drop."

   Seeing Chu Huan's answer like this, Cao Yunshang knew that he could no longer talk about Chu Huan, and said in a deep voice: "Okay, I will arrange for Liu Zhiyuan and others to operate it now?"

  Since Cao Yunshang had chosen to believe in Chu Huan, he naturally stopped procrastinating and immediately called Liu Zhiyuan and Chen Tao who had just left.

  The two of them didn't expect that Chu Huan would find them so soon. They were thinking about what Chu Huan would let them do, but after hearing Cao Yunshang's words, both of them showed shocked expressions.

  But Chu Huan will definitely not explain to them, just preach.

   "Now the stock price of Jiahu Textile is 6.7 Hong Kong dollars per share, and now you are selling short at 0.8 Hong Kong dollars per share. This matter should be known to all securities firms in Hong Kong this afternoon!"

   Liu Zhiyuan and Chen Tao stood there blankly, not knowing what to say.

  No one thought that Chu Huan would be so crazy. At this time, they made such a short selling price. Simply put, both of them thought that Chu Huan was going to put himself in a situation where he could never recover!

  But neither of them had any say in this matter, they could only faithfully implement Chu Huan's decision.

  Because their boss is sitting next to Chu Huan at this time, he has no opinion on Chu Huan's decision!

  Xiangjiang’s securities industry is full of secrets, but when Chu Huan wanted everyone to know this secret, the secret was just as Chu Huan said, only for one afternoon

   This incident spread in the securities industry of Xiangjiang.

   Naturally, it reached the ears of Feng Jingxi who had just met Chu Huan. Feng Jingxi received the secretary's notice and sat there silent for a long time, flashing all of Chu Huan's actions during this period of time in his mind.

  Fengwu Securities is going to short the shares of Jiahu Textile. Everyone knows the relationship between Fengwu Securities and Chu Huan. Except that the legal person is not Chu Huan, the others seem to be Chu Huan's personal brokerage firm.

   It is also because of this.

  Feng Jingxi instantly knew that the mastermind behind this matter must be Chu Huan.

  Chu Huan chose to sell short the shares of Jiahu Textile at this time. What is his confidence?

   Just the 56 million cash in his hand?

  Like everyone else, Feng Jingxi also believed that Chu Huan only had 56 million Hong Kong dollars in cash.

Yes, there is no need for cash to sell short now, but when the delivery date comes, if the stock price of Jiahu Textile does not reach HK$0.8, Chu Huan will buy Jiahu Textile’s stock at a high price in the stock market and hand it over to the other party. How could Huan get so much money.

   At that time, the only thing waiting for Chu Huan is bankruptcy and liquidation.

   Crazy, crazy, crazy!

  Feng Jingxi's first reaction was that Chu Huan was crazy.

Although selling short stocks may cause stockholders to panic, which may lead to the possibility of collective selling, but Chu Huan's current short selling price is so high-profile, it is bound to attract the attention of Jiahu Textile, and Chu Tianxiao will definitely Immediately start to sweep the goods at high prices, so Chu Huan's battle is a losing battle!

  But immediately, Feng Jingxi wanted to understand one thing, that is, Chu Huan couldn't be so stupid, knowing that there was a fire pit in front of him and jumping into it without hesitation!

  So Chu Huan must have something to rely on?

  What is Chu Huan's support?

  Chu Huan's reliance is nothing more than two. The first one is that Chu Huan has sufficient funds in his hands to support Chu Huan to do this crazy thing.

   But this is obviously impossible, because this is an obvious act of giving money, but anyone with a brain would not do it.

  Then it is the second type. Chu Huan is sure that in the next few days, Xiangjiang's stock market will experience a big crash, which will also affect the stock price of Jiahu Textile.

   "So is Xiangjiang's stock market really going to crash?"

Feng Jingxi couldn't believe Chu Huan's judgment. This was different from what the two of them had talked about before. Although Chu Huan said that he had received news that the Hong Kong government might issue taxation regulations on stock income, such regulations There's no way it's coming out so soon.

   And Chu Huan's current behavior is determined, and the Xiangjiang stock market will definitely collapse?

   Feng Jingxi didn't tell himself about Chu Huan's judgment, and he didn't feel any anger in his heart, because even if Chu Huan told him, Feng Jingxi couldn't believe that Chu Huan could judge the time so accurately.

   Not only would I not believe it, but anyone would not believe it!

  Thinking of this, Feng Jingxi couldn't help picking up the phone, wanting to call Fengwu Securities, and find Chu Huan to have a good chat about this matter, but in the end Feng Jingxi put down the phone.

  He has no way to ask about this kind of thing, because Chu Huan's core secrets must be involved in this plan.

   "So, is the obsession with spinach before true or false?"

  By this time, Feng Jingxi had already begun to doubt Chu Huan's previous performance?

   Can't doubt it, Chu Huan's behavior is too shocking!

  Actually, there are not a few people who have the same thoughts as Feng Jingxi at this time.

Bank of East Asia!

   Jian Yueqiang also knew the news immediately.

  Like Feng Jingxi, Jian Yueqiang immediately thought that Chu Huan had gone crazy after hearing the news.

  But everyone knew that it was absolutely impossible for Chu Huan to go crazy about this kind of thing.

  So Jian Yueqiang, like Feng Jingxi, began to think about why Chu Huan would do this, and at the same time, what support did he have, and whether Chu Huan's previous performance was true or not! ?

  Sun Hung Kai Properties!

  Guo Desheng, Guo Bingxiang and his son sat facing each other, Guo Bingxiang faced Guo Desheng's questioning eyes: "Daddy, don't ask me about this, I don't know anything either!"

   There are many people who behave like this.

   Not today~ Thank you everyone, the next chapter is at twelve o’clock in the morning~

  

  

  (end of this chapter)