Take Nong Qingying with you to First Qunye Securities.
The account manager who had been contacted in advance was a local in Hong Kong City in his forties. After receiving the call, he came to the lobby on the first floor to wait for Su Yehao.
In recent times, business in the securities industry has been difficult.
Some of the big clients were stuck and scolded them, and some of them owed a huge amount of debt and could no longer be found. It was as if they had disappeared from the world, and only a handful of them had made money.
In the past, when I called customers and mentioned a good project, others would be interested in learning about it.
Nowadays, persuading people to invest is like holding a knife to their necks. Just hanging up the phone is considered a matter of quality, and some even greet their eight generations of ancestors.
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There are turmoils in the stock and foreign exchange markets. Needless to say, those who are long, even many investors who are short have suffered heavy losses.
From time to time, after a decline, good news comes and the stock rebounds sharply.
Too many times, it can be fatal.
Behind this, there is a multi-party game involved. Due to the relatively strong foundation of the Hong Kong city, there is often a back-and-forth with the aggressive international hot money.
A few months ago, hot money led by Soros failed to win the Hong Kong dollar, and this time it also hit a soft nail.
At least so far, the Hong Kong dollar is still strong. Although the stock market has fallen significantly, it is tantamount to squeezing a bubble, and the foundation is still there.
Investors one by one choose to wait and see.
First Quangye Securities is an ordinary company in Hong Kong, and almost all of the big clients it managed to attract have left.
Seeing that the results for the fourth quarter could not be completed, the manager surnamed Chu put all his hopes for a turnaround on Su Yehao, who played in US stocks.
Just met.
Manager Chu smiled and said: "I heard that Mr. Su, you have made a fortune this time? Congratulations, they say that dragons give birth to dragons and phoenixes give birth to phoenixes. Everyone in your family is great! As far as I know, in the event of a big fall,
Your father has cashed out several real estate projects before, and I have relatives who bought your house in Kowloon."
It started with a lot of flattery.
Su Yehao has become accustomed to being photographed recently and has developed resistance. He smiled and said: "Where, I just escaped. Have I done my business? The money is in your bank account. I want to seize the time when I come here this time."
, I used the credit line given to me by the bank to lend my friend a sum of money in my name, about 30 million."
After looking at his watch, Manager Chu told:
"First Quanye Bank and our First Quanye Securities belong to the same parent company, but their businesses are independent of each other. I have asked the bank president to bring someone over to help you expedite the business. The contract preparation may have been delayed.
, please wait a moment and go to the VIP room to have a cup of tea?"
Su Yehao nodded and asked: "It's already past ten o'clock, don't you want to delay your get off work?"
"In the securities business, we take a break. Americans and British people don't take a break. There are people on duty every day. We have long been accustomed to spending New York time in the Hong Kong city..."
In just over 20 minutes when I went to pick up Nong Qingying and arrived at First Quanye Securities Company, Yahoo's stock price fell again, to 38 US dollars.
There is only an increase of about six US dollars from Su Yehao's average purchase price.
This means that in just over an hour in the past, Su Yehao lost more than 50 million Hong Kong dollars.
Seeing the stock price trending like this, he also began to waver, wondering if it would fall below the purchase price and make more than 100 million from the peak, turning it into a loss?
Nong Qingying was not as confident as Su Yehao. After seeing the numbers in his account, his eyes suddenly turned black.
Fortunately, she had a man to rely on, so she did not blame others and pinned her hopes on Su Yehao's so-called bargain hunting.
For Su Yehao.
Although he didn't know why, Nong Qingying found that he always had a mysterious confidence.
Since Su Yehao was still calm, Nong Qingying naturally relaxed. After all, the capital was still there and there were still millions of profits left, so he would not panic completely.
…
According to the falling speed of this flash crash, there must be market panic factors behind it.
This means that the market trend is not rational.
Su Yehao only knew about the financial crisis in Southeast Asia and had no idea about the sharp decline in the US stock market. He had no preparation in advance.
Fortunately, the money is still in the account.
Previously, the accounting firm said that it would help plan the accounts and asked him not to use the income earned by Zheng Yongwen and the more than 40 million given by his grandfather for the time being.
Otherwise, Su Yehao might be impatient and continue to chase up Yahoo stock.
In this case, we will definitely lose a lot today, and our losses will be two or three times greater.
It was considered lucky that he escaped.
Wanting to take advantage of the opportunity to see if he could get a blessing in disguise, Su Yehao reviewed and signed the fund custody agreement after it was drawn up.
Then he helped Nong Qingying handle a loan of HKD 30 million.
Compared with a loan, a more accurate description is "capital allocation". The collateral is the stocks that Su Yehao deposited in the First Quanye Securities account, and the process is more convenient.
Su Yehao allocated funds in his own name and then lent it to Nong Qingying. After completing these procedures, the 30 million yuan would not arrive until tomorrow morning. Then he checked the Yahoo stock price and found that there was only 36 US dollars left.
After staring at the plummeting Yahoo stock price on the computer screen for a long time, Su Yehao gritted his teeth and told Manager Chu:
"Buy me 100 million Hong Kong dollars first. If it drops to 35.5, then buy another 100 million. I just transferred 300 million, and you must buy all of it into Yahoo for me. Anyway, as long as it is below this price, you can buy it for me."
It’s up to you!”
Zheng Yongwen used a lot of leverage to invest for him before, and the amount of funds involved was even larger.
But Su Yehao did not personally intervene in that transaction, so there was no psychological burden.
It's different now.
The cash of 300 million was all his own money. Su Yehao, who had never gambled so much before, his heart was beating loudly.
In his opinion, the chances of winning this time are particularly high, but there is still a trace of risk.
Any decision may involve millions, tens of millions, or even hundreds of millions of Hong Kong dollars in gains and losses, so it is inevitable that there will be some pressure.
With 300 million here, Manager Chu didn't dare to interfere indiscriminately. Even if he felt that buying the bottom today was a bit risky, he still chose to follow Su Yehao's wishes.
After the order was handed over to several traders, they immediately began to buy a large amount of Yahoo stocks.
With the development of the Internet in this era, transactions have become very convenient. Although there is still a certain delay, it is almost negligible.
Yahoo's market is a bit small, 100 million Hong Kong dollars, which is more than 10 million US dollars.
The traders worked for more than ten minutes before reporting: "It's done. The average purchase price is thirty-five US dollars and seventy-two cents. What's next?"
Su Yehao was a little impulsive at the moment. Seeing that the real-time stock price was still falling slowly, he gritted his teeth and said: "Keep buying, place a big order of thirty-five and six yuan, and take as much as you can."
"...Yahoo shareholders must thank you. This is a cover-up, and the risk is very high." Manager Chu reminded tentatively.
By this time, Su Yehao no longer thought about it so much and just ignored it.
Other institutions noticed the news here. The second 100 million Hong Kong dollars were exchanged for Yahoo shares in just eight minutes. The average purchase price was thirty-five US dollars and sixty-six cents. The decline stopped as a result.
rebounded slightly.
Finding that the market was still falling, Su Yehao patiently started to wait and see, and placed a big buy order at thirty-five dollars and fifty cents, buying as much as he could.
Until 11:20 pm local time, all his 300 million Hong Kong dollars were spent.
However, Yahoo's stock price continued to fall, first to thirty-five dollars, and then to sixty cents.
All the votes were cast, and Su Yehao no longer struggled.
If you lose money, you can’t go hungry, so you take Nong Qingying to the night market for a late-night snack.
There was no chance to accompany Nong Qingying tonight, so Nangong Tian was still waiting for him at home. After arriving home at about one o'clock in the morning, she called to inquire about the situation. Yahoo's stock price was only thirty-three US dollars and seventy-five cents.
It’s not that it has stabilized, but that the U.S. stock market has plummeted by more than 7% in a single day, has been circuit breaker, and is no longer trading.
Since the circuit breaker mechanism was introduced in the US stock market in 1988, this is the first time it has been put into use...