Soon after, the Hong Kong Banking Union, HSBC and Standard Chartered Bank jointly announced that starting from the 26th, the bank's benchmark interest rate would be lowered from 8.5% to 7.5%, thus effectively slowing down the flight of existing funds from the stock market to the bond market for safe haven.
In addition, following the practice of American companies repurchasing shares, Li Chaoren has also received permission from the Hong Kong government to invest one billion Hong Kong dollars to repurchase shares of CK Hutchison Group, which is also a good thing.
Sun Dahai looked at the comments in the newspaper in his hand and various financial reports on TV. Experts from all walks of life unanimously believed that Li Chaoren's move would be an important measure to boost market confidence.
Sun Dahai secretly sneered. If Li Chaoren's four major listed companies hadn't collectively taken blood from the stock market for the second time a month ago and withdrew HK$10.3 billion through fund-raising, the current Hong Kong stock market might not be so miserable.
Having said that, this cannot be blamed on Li Chaoren. He is a relatively pure businessman. If he finds a suitable opportunity, he will naturally take corresponding actions without considering too many other things.
Investors buy the stocks of listed companies in order to make profits. It is understandable that listed companies use their own judgment and use reasonable and legal means to obtain funds from investors.
In Sun Dahai's wild thoughts, the call auction of the Xiangjiang stock market came out. Amid the joyful cheers of the trading team, the Hang Seng Index opened more than a hundred points lower, a drop of more than 3%.
The Hong Kong stock market was closed for four days due to technical reasons, so the opening time was postponed to 11 noon today.
At this time, Laursen and several traders from the Americas group had already gotten up. They also came to the trading area and waited to see the opening of the Xiangjiang stock market.
Among those cheering at this time was Laursen.
Yesterday, he was responsible for explaining the Hong Kong stock market trend under extreme conditions to people from mainland China. But even he did not expect that today, judging from the opening situation, the market really had a tendency to go to extremes.
With the birth of the Hong Kong stock market call auction today, it seemed as if the starting gun was fired. A large number of selling orders emerged in the Australian and Tokyo stock markets, and they began to dive.
The buying orders that appeared on the market before were unable to compete, and the entire market fell sharply. In just a few minutes, the stock markets in both places fell by more than 3%.
Subsequently, the Hong Kong stock market officially opened at eleven o'clock.
Only fifteen minutes after the official opening of the Hong Kong stock market, the Hang Seng Index had already fallen by more than 650 points, a drop of as much as 19%.
Looking around, the screen is filled with selling orders of all sizes, but it is difficult to find buying orders. For those investors who are eager to leave the market, this is really a tear-jerker. How can the word "miserable" be used!
At 12:30 noon, when the Hong Kong stock market closed, the Hang Seng Index had fallen by 845 points, a drop of 25%.
In other words, in just one and a half hours this morning, a quarter of the total market value of the Hong Kong stock market evaporated out of thin air.
During yesterday's explanation and analysis, Zhou Tao's two securities analysts had certain differences with Laurson regarding today's stock market trend.
The relevant strategies of the Xiangjiang government to rescue the market have spread in the financial circle over the weekend. Because the government intends to disclose the news in advance, Sun Dahai and Zhou Tao both received relevant news from different channels.
Therefore, when analyzing the performance of the Hong Kong stock market after the resumption of trading on Monday, Laursen believed that the stock market will continue to fall sharply in accordance with inertia.
Two analysts believe that the Xiangjiang government not only provided active administrative intervention, but also provided direct rescue funds, adjusted interest rate policies, and encouraged qualified listed companies to save themselves through buybacks.
They predict very optimistically that such a targeted rescue package will definitely help the Hong Kong stock market reverse its decline and stabilize investor sentiment.
Sun Dahai knows that they work and live under the domestic planned economy model, so it is not surprising that they have such a view.
However, the Hong Kong government is different from the mainland government. Although they have actually carried out administrative intervention, not only are their administrative efficiency lower than that of the mainland government, but they are also somewhat powerless in the face of the highly market-oriented financial market in Hong Kong.
During the lunch break, Ye Haochen and Li Jiajie called Sun Dahai to congratulate him and wish him good luck in winning the bet.
Regardless of whether they understand stocks or not, there must be experts around them. Judging from the trend of the Hang Seng Index today, the deadline for two bets will be in four days. The market will not return to its previous state in any case in these four days.
The high point, so the two bets that Sun Dahai participated in can basically be said to have won.
In the circle of wealthy children in Xiangjiang, it is not uncommon to bet on cash worth 1.8 million. If it is a real bet, apartments or shares worth several million are the most popular bets, and this has happened several times.
Sun Dahai and Luo Wanli's bet was a securities account with an initial capital of 10 million Hong Kong dollars. The bet was quite large, but it was still within everyone's psychological tolerance.
When Sun Dahai and Luo Wanli were gambling, everyone was present. They knew that Sun Dahai was provoked by Luo Wanli face to face and was forced to accept the challenge.
Although the bet of 10 million Hong Kong dollars is huge, in that case, everyone can understand Sun Dahai's choice. Even if some people don't agree with his approach, they can only say that he has a very strong temper and has a lot of money. He is not a Raptor.
But not the river.
However, his bet with Brent is another issue. Brent is not a frequent visitor in this circle of mainly Chinese businessmen.
He relies on the fact that his family is a Briton noble, and looks down upon most people. In his daily social circle, most of them are children of European aristocrats or established families.
Xiangjiang opened up very early, and the interests of various major industries have long been divided. There are many established forces like Brent's Kuruz family. Everyone sticks to their traditional fields and quietly eats.
They do not have much expansion mentality, and at the same time they will maintain a relatively low profile. Except for necessary upstream and downstream companies, they generally do not take the initiative to interact with other local companies, and they will not easily become enemies with others.
As for why Brent secretly made a huge bet with Sun Dahai, no one knows the reason, but it seems that Luo Wanli did not play any good role in it.
Because everyone in the circle knows that his family's Sloan Real Estate has a long-term cooperation with the Brent family's Ding Di Mao Company, so it is normal for him to fawn over Brent.
But having said that, the news that Sun Dahai and Brent were making a huge bet spread among a small circle.
Before, everyone could point fingers and comment on the 10 million Hong Kong dollar bet between him and Luo Wanli. But the subsequent bet was not something that juniors in the industry could comment on.