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Chapter 41 The Stock Market Crash Comes

Chapter 41 The stock market crash is coming

At nine o'clock in the morning, Ye Jinyan walked into the office of the president of Jingyan Group while scrolling through videos on his mobile phone. With a smile on his face, Yuan Xudong put down the public information of Songjiang Boutique Hotel in his hand and stood up from the sofa in the reception area.

He greeted them with the same smile:

"Mr. Ye, I'm disturbing you again!"

Hearing Yuan Xudong's voice, Ye Jinyan was slightly startled, looked away from the phone, looked up at him and smiled:

"Xiao Yuan, I ordered you to go down. Are you here to send your girlfriend to work today?"

Seeing Yuan Xudong nod slightly, before he could speak, Ye Jinyan continued to smile:

"Your girlfriend's name is Zhu Suosuo, right? I arranged her to work under Yang Ke. Yang Ke is the sales manager of the company and is best at bringing up new employees. I will take a look at Zhu Suosuo in person later and I will definitely take good care of her. You

Just don’t worry!”

Seeing that Ye Jinyan misunderstood his purpose, Yuan Xudong smiled and explained:

"Of course I believe Mr. Ye will take good care of Suosuo. I came to Jingyan Group today partly to send her to work, and partly because I want to trouble Mr. Ye about a small matter. I wonder if you have time now?"

Hearing that Yuan Xudong was troublesome with something small again, Ye Jinyan rolled his eyes and joked:

"You have said so, can I still have no time?"

After that, he put his mobile phone on his desk, invited Yuan Xudong to the sofa in the reception area, and looked at Fan Jingang not far away and shouted:

"Fan Jingang, there are guests here, don't you know how to make tea?"

Seeing that Ye Jinyan misunderstood that he was not polite, Fan Jingang quickly explained:

"Mr. Ye, I asked Mr. Yuan. He said that he ate too much in the morning and he doesn't want to drink tea now. He asked me to make a cup for myself to avoid dryness in my mouth and a bad throat!"

Hearing this, Ye Jinyan laughed and cursed:

"Fan Jingang, do you know? In this world, there are people who talk to themselves to death, and there are also people who listen to others and talk to themselves to death. You are the former, and Xiao Yuan and I are the latter. Stop talking nonsense, hurry up

Make two cups of old tree tea, forget it, make three cups, and drink one yourself to moisten your throat!"

After that, he led Yuan Xudong to sit on the sofa in the reception area, glanced at the public information of Songjiang Boutique Hotel placed on the coffee table, and frowned slightly:

"Xiao Yuan, are you still interested in Songjiang Boutique Hotel?"

"Mr. Ye, you misunderstood!"

Yuan Xudong shook his head slightly and explained:

"I'm interested in Songjiang Boutique Hotel, but I don't want to spend money to invest in this project. On the contrary, the little thing I want to trouble you with today is to make some money from this project.

I wonder if you can arrange a job for me, preferably as a construction site supervisor. The salary can be casual, but it can’t be too low, otherwise I won’t be able to save my face.

Then I will be assigned a deputy, who will be responsible for specific work, and I will learn from the experience beside him to prepare for joining Jingyan Group in the future.

After all, our Jingyan Group is a real estate company. If I, the third largest shareholder, have never even been to the construction site, wouldn’t it be outrageous? Tell me, do what I say make sense?”

Ye Jinyan didn't believe a word of these messy reasons given by Yuan Xudong. Although he didn't know what Yuan Xudong had in mind, he didn't care about such a trivial matter.

The worst that can happen is to arrange a casual job for the other party, which will also provide an extra salary. The specific work should be left to the relevant professionals. Thinking of this, he picked up the public information of Songjiang Boutique Hotel on the coffee table in front of him and started reading it, while casually saying

:

"No problem, I'll make arrangements for you later. You go to the construction site to supervise the work. By the way, Xiao Yuan, is there no problem with the funds for your investment in Jingyan Group?"

"No problem at all!"

While Yuan Xudong responded to Ye Jinyan, he looked down at the Vacheron Constantin on his right wrist. The time was 9:12 in the morning. A smile appeared at the corner of his mouth. He looked up at Ye Jinyan and couldn't hide his excitement:

"Mr. Ye, please turn on the TV and tune to the Magic City Financial Channel. Next is the moment to witness history!"

"Oh, witness history?"

Looking at the slightly excited Yuan Xudong, Ye Jinyan also became interested. Seeing Fan Jingang coming over with the brewed old tree tea, he directly ordered:

"Fan Jingang, turn on the TV and tune it to the Shanghai Financial Channel. Let's see what Xiao Yuan said about witnessing history."

"Okay, Mr. Ye!"

Fan Jingang put down the brewed old tree tea on the coffee table, first brought a cup to Ye Jinyan, then brought a cup to Yuan Xudong, and kept the last cup for himself, then turned on the LCD TV and tuned to the Magic City Financial Channel.

At 9:15 in the morning, the stock market opened. Under the watchful eyes of Yuan Xudong, Ye Jinyan and Fan Jingang, the market index plummeted at the opening, and the entire market was green.

At 9:35, the market fell off a cliff. At 9:42, the market hit the first-level circuit breaker, which fell by 5% and stopped trading.

At 9:57, the stock market resumed trading, and the market index continued to fall in a waterfall style. At 10:00, the market index once again hit the second-level circuit breaker, which fell by 7%, and trading was suspended for the whole day.

The entire market was miserable. Thousands of stocks fell to their daily limits, and some individual stocks were locked at their daily limits as soon as the market opened. Billions or even tens of billions of funds were scrambling to escape, but only a few orders were paid.

Even for a large, high-quality company like Jingyan Group, its stock price reached its daily limit within one minute of opening. Unless they sold at the price limit from the beginning, manual retail investors would not have time to sell their shares.

After you enter the selling price and number of shares, the market price reaches a new low. If your mental quality is not up to par, facing the waterfall-like plummeting stock, you only need to be stunned for a while, and there will be no hope of escape.

I don’t know how many more lower limits there will be in the future, and I can’t sell even if I want to. I can only watch my stock assets fall by 10% every day until the market opens the lower limit.

Seeing that the market had stopped trading, Fan Jingang wiped the sweat from his forehead and said with lingering fear:

"Fortunately, I didn't speculate in stocks. This is too crazy. The entire market is expected to lose several trillions in market value. Those who use financing and leverage are doomed. Those with insufficient margin will definitely have their positions liquidated and be forced to sell their stocks by securities companies!"

"No!"

Ye Jinyan shook his head slightly and said solemnly:

"It's too late, it fell too fast. Some stocks were on the lower limit as soon as the market opened, and they couldn't be sold at all. It was useless for securities companies to force liquidation of positions. Now they have stopped trading, and the entire market is panicking.

In addition, the circuit breaker mechanism is conducive to short selling. As long as there are large funds selling stocks crazily, the entire market can be brought to a halt within a few minutes. The bulls have lost the trading opportunity before they can react.

Tomorrow will definitely be even crazier, everyone wants to escape, and the only outcome is to die together until the stock market falls no more!"

"Yes, and also wrong!"

Seeing Ye Jinyan and Fan Jingang looking at him, Yuan Xudong smiled and explained:

"If you make a mistake, you have to correct it, find a responsible person, and cancel the circuit breaker mechanism. The market will slowly recover. However, a downward trend has already formed.

Everyone has woken up from the crazy bullish mood, and now they are scrambling for their lives. Those who are reluctant to cut their flesh to escape can only die slowly in the frogs boiled in warm water, and their bodies become the crocodile’s dinner!”

Hearing what Yuan Xudong said, Ye Jinyan smiled and said:

"From your crocodile's point of view, how long will it take for the circuit breaker to be lifted, and how much will the entire market drop by then?"

"I'm not a crocodile, at most I'm a cormorant fishing in troubled waters!"

Yuan Xudong defended himself, and then responded to Ye Jinyan:

"In my opinion, the circuit breaker mechanism will be lifted within a week. By then, the market will have dropped by about 20%. If we wait a little longer, I estimate that the entire market will be cut in half and fall to about 2,500 points. Individual stocks

It’s hard to say, a big drop is certain!”

Seeing Yuan Xudong talking eloquently, Ye Jinyan smiled and said:

"Congratulations then. When the time comes, you are welcome to join the Jingyan Group!"

Fan Jingang on the side also took the opportunity to please:

"Mr. Yuan has a unique insight. When everyone was bullish on the stock market, he had the courage to go short. Now he is making a lot of money. He is really a hero since ancient times!"

Yuan Xudong shook his head slightly and said modestly:

"I'm joking, I just took a gamble. If I win, my fortune will be in heaven, but if I lose, my life will be fate. Just like the people who lost money today, there are many people who have gone bankrupt and are heavily in debt.

By the way, Jingyan Group had better send some security guards to guard the entrance to the rooftop. Be careful if someone who bought Jingyan Group’s shares jumped off the rooftop to commit suicide. It would be really unfortunate if innocent passers-by were hit again!"

After that, without waiting for Ye Jinyan and Fan Jingang to respond, Yuan Xudong directly invited with a smile:

"Mr. Ye, today is a good day. Let's have a meal together at noon. I heard from Secretary Fan that there is a restaurant with good steaks. How about the three of us go and try it together at noon?"

"Today is not a good day!"

Ye Jinyan shook his head slightly and joked:

"According to what you said, my worth has plummeted by more than half. Why don't I have Western steak for lunch? I'll just go to the company cafeteria and have some leeks mixed with tofu!"

Yuan Xudong smiled directly and said:

"No problem, just go to the company cafeteria to eat. I've liked eating leeks mixed with tofu since I was a child. You know it all!"

"That's it, it's settled. You rest in the reception area for a while, I'll have a meeting with the department manager, and I'll take you to our Jingyan Group canteen later. The food is still very good!"

After saying that, seeing Yuan Xudong nod slightly, Ye Jinyan left straight away, followed by Fan Jingang. Only Yuan Xudong was left in the president's office. He sat on the sofa in the reception area, opened WeChat on his mobile phone, and contacted Zhu Suosuo:

"Did you send the screenshot to Jiang Nansun?"

Zhu Suosuo quickly replied:

"It has been sent. Nansun said that she is currently participating in a boutique hotel project in Songjiang and will talk to Uncle Jiang when she goes back in the evening!"

Yuan Xudong raised a smile and typed a reply quickly:

"It's too late. The stock market has shut down and stopped trading. I guess Uncle Jiang's stocks can't be sold. The Jiang family will definitely go bankrupt. Let's go over there tonight and have a look. Don't tell Nansun first. It's useless if she knows. There's only one more person to worry about.

That’s it!”

Zhu Suosuo quickly replied:

"I understand, I have something to do now, see you in the afternoon!"

Yuan Xudong replied directly:

"See you in the afternoon!"

Putting down his mobile phone, he picked up the public information of Songjiang Boutique Hotel placed on the coffee table in front of him. Yuan Xudong smiled and saw Jiang Nansun's information written in black and white on the last page of the information, hotel supervisor Jiang Nansun.

At the same time, Jingyan Group Sales Department.

Zhu Suosuo put away her mobile phone with a worried look on her face. The sales manager Yang Ke looked at her and asked:

"What's wrong?"

"nothing!"

Zhu Suosuo shook his head slightly, looked at Yang Ke and smiled:

"Manager Yang, I have some personal matters to deal with this afternoon. Can I ask you for half a day off?"

Hearing this, Yang Ke nodded directly and agreed:

"Of course, you can go to work with peace of mind only after your personal matters have been taken care of!"

After that, he looked at Zhu Suosuo, who was smiling a bit forcefully, and asked:

"Is half a day enough?"

"That's enough, thank you Manager Yang!"

"You're welcome. Lao Ye gave the order himself. Do I dare to deny your leave?"

After joking, Yang Ke invited Zhu Suosuo directly:

"I'll take you to familiarize yourself with the work environment and get to know your future colleagues. Hurry up and catch up!"

"Okay, thank you, Manager Yang!"

(End of chapter)


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