I watched as the office staff panicked for more than 20 minutes.
They kept making phone calls and sending messages, and some of those who were able to get through were even yelling at the other end of the line.
This is just a small microcosm of Wall Street.
Xing Baohua believes that Wall Street is in complete chaos.
The disasters brought about by the financial crisis are no less severe than those caused by natural disasters, though many people may not realize it.
But those who sensed it had already reached the edge of the cliff.
Perhaps some have gone bankrupt, or perhaps they have gone to extremes.
None of this concerns Xing Baohua; all he needs to do is protect his wealth.
Forty minutes passed, and Xing Baohua had been standing for over forty minutes. Then he clapped his hands and said loudly, "Alright, everyone. I know how you all feel. Anyone want to take a day off? If so, you can have the day off. Those of you who don't want to take a day off, get back to work. Maybe I can turn things around for you?"
Xing Baohua's words drew everyone's attention to him.
The company employees all looked as if they had seen a god. No, they saw hope.
In fact, Xing Baohua is already considered a god.
He accurately predicted the stock market crash and used his entire fortune to short the two major stock indices.
He's both a madman and a god.
No one dared to throw themselves into the water like that.
He dared to do it, and even dragged in many investment banks to gamble together.
He won, and those small and medium-sized investment banks on Wall Street went bankrupt instantly.
After all, Xing Baohua made them pledge their funds to a third-party institution.
They did not have the funds to divert to cover the deficit and make up for the losses.
They could only watch as Xing Baohua took the money away.
No, there should still be a chance to recover, which is to prevent the two indices from falling by 1,000 points and 500 points as stipulated in the betting agreement.
Ironically, they were powerless to do anything about it.
They can only hope that their government will come to the rescue.
Although the employees didn't know how the boss would help them turn things around, at this moment they could only believe it.
Everyone gradually returned to their work stations and began organizing today's data.
Meanwhile, in Xing Baohua's office, Xiaotianxin's face was covered in tears.
As I left Xing Baohua's office, I even thanked him.
Huang Xingyao began his managerial duties and became busy again. Market analysis and understanding and organizing various situations all required someone to do it.
Xing Baohua returned to his office and first called Zhao Shanhai, briefly explaining the situation and instructing Zhao Shanhai to make thorough preparations.
Due to the time difference, the two places are five hours apart.
It should be a little after 3 p.m. in London now.
It's closing time now, and even if I put all the remaining money in, it probably wouldn't be enough time. Luckily, I had already placed the orders in advance.
Just wait for the news to spread, and wait for the market to crash and sell off profits as soon as it opens.
After communicating with Zhao Shanhai, I called Japan and South Korea.
Even though it's the middle of the night there, we still need to remind them to prepare.
HK
One of the hardest-hit areas.
Xing Baohua didn't dare to stay in Hong Kong, partly due to pressure, and partly because he was afraid of being criticized for being so rich but not helping his own people save the market.
There's really nothing we can do about it. He wants to make money, but he doesn't want to make it from people in Hong Kong, so he can only keep all his funds hidden outside.
All assets were mortgaged, leaving only a little money to prop up the stock price of their listed company.
To prevent a sharp drop that would cripple both companies and leave them unable to recover.
And those shareholders, they need money too.
This is when you see what human nature is: whether to help or not. In any case, Xing Baohua has already told them what to do.
When a crisis strikes, prioritize self-preservation.
If he helps others, he might be misunderstood. All he can do is take the money he earns from outside and use it to help them.
The funds of the Great Beauty Kingdom are already tied up and cannot be withdrawn in the short term, as the bet must be fulfilled.
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Therefore, only the Great Eagle Empire and Japan can draw them.
If Xing Baohua is given just three days, his funds there will double.
I called each of the shareholders and close friends one by one.
US stocks have already plummeted, and the impact will be far-reaching. Hong Kong will be greatly affected. I asked him how his financial preparations were going.
Can we withstand the first wave?
If Xing Baohua remembers correctly, not many people could withstand the first wave.
The Hong Kong stock market boom was abruptly halted, and all fantasies became reality.
The Hong Kong Stock Exchange even suspended trading and closed the market a day later for adjustments.
It's essentially about mobilizing funds to rescue the market.
The Great Eagle Empire, which is temporarily under its control, is too busy to take care of itself, let alone have the funds to help Hong Kong.
Therefore, they mobilized major families and wealthy enterprises to save themselves. Of course, they also contacted inland areas for a small helping hand.
Unlike the one in '97, this time it was carried out in secret.
It involves using funds from overseas companies to help Hong Kong.
Xing Baohua only told the shareholders to hold on for three days.
He will allocate funds from the Eagle and Japanese companies to help them overcome their difficulties.
After making the call, it was almost noon.
Xing Baohua asked the front desk to order food. He knew the employees weren't in the mood for eating, but he couldn't get through to them by phone to order food, so he had to send a few people to do it.
By around 1 p.m., the Dow Jones had fallen to just over 300 points.
It was initially just a minor panic, with retail investors and small institutions selling off their stocks.
Large, well-established organizations remain calm and composed.
But the drop was so large that insurance brokerage firms, fund managers, and custodian funds couldn't hold back any longer.
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