The battle cry of Wall Street has been sounded. Ordinary stock market investors may not know this, but large financial institutions like banks are definitely aware of it.
Even if Su Yourong wanted to mortgage her shares to the bank right now, the bank might not dare to accept them. If the building were to collapse, 80% of Su Yourong's wealth would probably be reduced to ashes.
After changing her clothes, Su Yourong rushed to the company without stopping. She first found out what was going on, and then contacted Jin Wanlian by phone, asking her to help United Capital maintain its market value of 10 billion yuan no matter what, and that she would push the board of directors to repurchase shares.
The morning was filled with anxiety, with Hong Kong stocks experiencing their sixth consecutive day of decline. Cheung Kong Holdings plunged 30%, and the Hang Seng Index plummeted 5,000 points.
Lu Feng went to the stock exchange early. As soon as the market opened, many stocks plummeted, and the Hong Kong dollar also fell sharply. The total sell orders exceeded 10 billion, and the market was under pressure and had no chance to turn back.
"No! This won't work!" Lu Feng shook his head. From the buyer's perspective, they were still using the strategy of holding the Hong Kong dollar and Hong Kong stocks at a level that could not be breached. This kind of positional warfare was unsustainable.
"It's all gone, all gone!" A man in his forties sat on a chair in the trading hall, tears streaming down his face. The atmosphere in the hall was deathly heavy, and everyone's faces were clouded with sorrow.
Lu Feng walked out of the trading hall, took out his mobile phone and called the Hong Kong Monetary Authority. After the call was connected, Lu Feng said, "This is Lu Feng from Hurricane Capital. Today is the sixth consecutive day of decline. This defensive approach is not working. In this environment, the most important thing is confidence. With the continuous decline, whether it is the Hong Kong dollar or the stock market, everyone's confidence is gone. Those who were bullish have turned into those who were bearish. In the end, everyone is helping them to short the market..."
"What are you calling for? Are you trying to teach me how to do things? Mr. Lu, we have a complete set of procedures here. We are professionals. Just because you're back doesn't mean you can boss us around!" The person on the other end of the phone interrupted Lu Feng directly.
"I'm discussing something."
"We'll handle this, OK? We don't need you to teach us how to do it. We're more experienced in finance than you are. Don't call me again, understand?" The voice on the other end of the phone was stern, and then the call was abruptly ended.
Lu Feng stood there with a grim expression. History had not changed after all; they would have to wait until their funds ran out and they were unable to defend themselves, and only then would the situation ease after mainland funds entered the fray.
Lu Feng turned around and called the special office, explaining the issue. The person on the other end of the phone told Lu Feng to be mindful of the impact, not to make a fuss over every little problem, and to be understanding. The key word was tolerance!
After hanging up the phone, Lu Feng decided to let it go and be tolerant. Anyway, there were 90 billion yuan to mess around with, and they would behave themselves after they finished.
At 3 p.m., with the market closing, Hong Kong stocks fell by more than 5 percent, with individual stocks experiencing even more severe declines. Hong Kong dollar futures trading fell from the pegged level of HK$7.80 to below HK$6.50, but the exchange rate remained stable at HK$7.80. However, no one knows how long it can hold up!
Around 4 PM, Lu Feng received a call from Su Yourong. As soon as he answered, she launched into a tirade, clearly in a bad mood, even somewhat frantic.
"Are you trying to screw me over? You knew all along, and you still wouldn't let me pledge my shares! What am I supposed to do for the next few months? The whole industry is saying that Hong Kong's financial status is in jeopardy. Do you know how hard it is for me to make money?" Su Yourong yelled. "You just think I'm too good to you, so you're messing with me, aren't you? Hong Kong is a mess now. Even if you get United Capital, how much money will you have?"
"When did I say I wanted to take over United Capital?" Lu Feng retorted.
The person on the other end of the phone was momentarily speechless, inadvertently blurting out what was on their mind. Su Yourong paused for a moment, then changed the subject, saying, "You have to give me an explanation today. Where are you now?"
"I'll come find you at the exchange entrance. Don't worry, I'm a responsible person. I'll compensate for any losses caused by me!" Lu Feng shouted angrily into the phone before hanging up.
After getting into the car, Lu Feng headed straight for the coffee shop downstairs in the United Capital building. As soon as the car stopped, he saw a large crowd gathered on the side of the building, along with police cars and ambulances.
"What's up?" Lu Feng asked casually.
An elderly woman in her sixties said to Lu Feng with an exaggerated expression that someone had jumped off a building. She heard that the person had opened an account with United Capital and used high leverage, which resulted in a margin call. The person came today to talk to the people at United Securities to ask for a smaller loss, but they refused, so the person jumped off the building.
"That's why stock trading can ruin your life; leverage is a crematorium!" Lu Feng couldn't help but exclaim.
After the scene was cleared, the police began to disperse the crowd. Lu Feng walked towards the coffee shop, where Su Yourong was already waiting in a booth.
Unlike her usual glamorous appearance, Su Yourong wasn't wearing any makeup today. She was dressed in a business suit, her hair was loose, and her brows were furrowed. Her face was so sour that even a dog would avoid her.
Lu Feng sat down, looked her over, and said, "Not bad today, a young working woman!"
Su Yourong looked up and stared at Lu Feng, then said, "You did this on purpose, didn't you?"
"How could that be? I'm truly innocent. I went to a meeting and was told that the higher-ups were negotiating, and that the Hong Kong Monetary Authority had 90 billion HKD, so there were no problems. Who knew that the imperialist henchmen were so cunning, negotiating while simultaneously taking action?" Lu Feng said innocently, "Nobody wants to see things like this, but it's come to this, so we can only tough it out. There won't be any problems, don't worry."
"I'm at ease? How can I be at ease?" Su Yourong's mind was in turmoil. She was afraid that the stock price would fall and Lu Feng would take the opportunity to acquire it. She was also afraid that, as the rumors were true, Hong Kong would lose its global financial status and United Capital's value would shrink by ten times, which would be the least of her worries.
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