Chapter 327 Black Monday (Thursday)
As soon as the market opened, the stock index fell to the limit. Looking at the screen, Guo Wenjun and Guo Wenzhen cheered repeatedly, hugging happily. Since Guo Wenjun is now an agent, if he hadn't had enough qualifications, he might have been promoted to a partner. In Big Fuli, Guo Wenjun already has an independent office. Therefore, the two brothers and sisters celebrated in the office.
"Squeak", the door opened, and a white-collar beauty quietly entered the door. The two brothers and sisters were stunned, and Guo Wenjun asked, "Sister Qing, why are you in?"
This Qing sister is Guo Wenjun's secretary. She patted her chest and made a "fear" move, and said softly: "Shh! Ajun, Azhen, voice softly, the end of the world outside."
Although Sister Qing is the secretary who is rated by Guo Wenjun to the company, the two brothers and sisters have a good personal relationship with her. Sister Qing comes in to remind her that now, except for here, the whole family of Baishifu is full of sorrow.
When I opened the blinds, my three heads squeezed together, and I secretly looked outside. I saw the large office outside in the outside, and there were so many people crying and screaming and crying.
Guo Wenjun was a little surprised: "Didn't I tell them all about Mr. Jing's judgment? Even if they don't listen, they should be careful to reduce their positions, and the losses will not be huge?"
Sister Qing curled her lips: "Ajun, they were laughing at you behind your back a few days ago, saying that you two brothers and sisters are lucky and found a big water hose. In fact, you have no ability. Now that Young Master Jing is nervous again, short selling in the bull market, just waiting to see your jokes. Humph, are you stunned now?
Guo Wenzhen was dissatisfied when she heard this: "My elder brother is just like a daze. He helps count the money when he is sold. He also reminded them that if it were me, he would care about their life or death!"
"Hehe." Guo Wenjun smirked a few times, "All of them are colleagues, if you can, please help me. Sister Qing, right?"
"Hehe, no." Sister Qing didn't give her any face at all, "I am a woman and have a small heart."
"Hehehe, I'm a woman too."
Seeing the two women smiling, Guo Wenjun looked helpless.
The three of them were talking and laughing, but suddenly, they heard someone shouting outside the window: "Call the police! Someone has jumped off the building!"
...
Fifteen minutes after the opening, the Hang Seng Index had fallen by more than 650 points. By the closing of the morning, the Hang Seng Index had fallen by 845.04. In the afternoon, the market not only did not improve, but instead turned worse again. The market was full of wind, and investment sentiment was extremely pessimistic. It cut its position and entered the market. Investors sold it for sale. As a result, the market fell by a total of 1120.70 and closed at 2241.69, with a total decline of 33%, setting the world's largest single-day decline record.
The spot futures index market hit the daily limit four times. The next day, the newspaper headlines reported this news, describing the market's disaster as "lands collapsed and cracked". Then, the Hong Kong government announced a series of rescue measures, including exempting the restrictions on listed companies to buy back their shares. Foreign exchange funds, Jockey Clubs, HSBC, etc. all entered the market to buy stocks, hoping to take the lead.
In the global market, after a mid-week recovery, the global stock market crisis has not ended. On October 23, panicked investors began to sell the US dollar in the foreign exchange market again, rushing to buy hard currency, causing the US dollar to depreciate sharply. On October 26, affected by the depreciation of the US dollar and the plunge in the surrounding market, the Dow Jones Index plummeted 156.63 points again, a drop of 8.03%; Japan's Nikkei Index fell 4.75%, and France, Switzerland, and the Federal German stock markets fell 7.0%, 10.0% and 10.1% respectively.
Due to the fall of 1,554 points in Hong Kong futures, many long-term futures index holders are unable to fulfill the contract at all. It has reached more than 7 billion Hong Kong dollars, far exceeding the guarantee company's affordability. On October 25, the government's foreign exchange fund and several financial institutions invested 2 billion to save the guarantee company. The Hong Kong government levys and repays the contract from stock and futures trading. On the same day, the chairman and vice chairman of the Hong Kong Futures Exchange announced their resignation.
...
Since the stock market crash in October, the Hang Seng Index eventually fell by more than 50%, becoming the hardest hit area in the world. Jing Jian once again flew as much as HK$1.6 billion. However, it was dangerous and dangerous. Fortunately, Jing Jian used 300 million Hong Kong dollars, and the Hong Kong government took out 2 billion to rescue the market, barely successfully delivered it. If there were more funds, it might completely collapse the Hong Kong stock market. Otherwise, with so many default orders, it would be announced as "bankruptcy", Jing Jian's profits might be greatly reduced.
And in South Hang Lung Bank, Feng Bingting asked a group of senior executives of a group of banks: "How many bad debts are there this time?"
The general manager of the bank looked lucky: "Chairman, as you told me, the bank tightened its money during this period and urged several customers with greater risks. Although the preparation time was too short, many bad debts appeared..."
Feng Biaoting seemed very impatient and was not in the mood to listen to his subordinates' words game, and suddenly interrupted: "Tell me the numbers!"
"Yes, Chairman. The current bad debt has reached 470 million. According to the credit department's estimate, it can be controlled within 550 million. Due to the monthly deposit of Jinfu account, and a super big player in Best Fuli won the futures market by betting on the short-term interest rate received and the deposit of account funds, so there will be no problems with our capital flow..."
"What's more difficult now is that although there are fewer dead accounts, many bad debts are in our hands. If it takes a long time, our profits will be affected. Especially the 12-story building in Yau Ma Tei, we borrowed 210 million yuan at that time, and the real estate market is also falling sharply. There is no one to take over in the short term. If it is auctioned, it is likely to see a dive."
Feng Biaoting felt relieved. In the long run, this stock market crash not only did not lose, but also made a lot of money. Thinking that when he heard Jing Jian’s “spoken words”, he was careful and cautious, so that Nan Henglong would tighten his money. Unexpectedly... this little bastard can be mistaken occasionally?
However, although those mortgages are worth the money in the long run, they must be worth it. But what banks want is working capital, not pawn shops, so they still need to find a way to cash out earlier.
Frowning slightly, Feng Biaoting asked, "What is the valuation of that building?"
"The valuation at that time was 300 million. It was just a commercial building with underground parking lots, so it was best to sell it as a whole. But now there are very few people who are willing to pay so much money. The real estate market is also very disappointing."
"Then it! You can cash out other mortgages as soon as possible. I will find a way to find a way to do this building." Feng Biaoting had an idea, "Is it 300 million?"
“It’s definitely not worth it now.”
"Will I not know this?" Feng Biaoting said angrily, and then said to himself, "Three hundred million? Three hundred million is too low. If you don't cheat you, who will cheat?"
"Chairman, what are you talking about?"
"Don't worry about this!"
“…”
Chapter completed!