The market opened promptly at 2:30 PM, and within one minute, the shipbuilding group's stock price plummeted by 5%. The scandal of Tang Zhongren misappropriating funds from the shipbuilding group to lend to Chen Shufeng has already caused quite a stir.
Within three minutes of the market opening, Mr. Feng sold off his last few hundred million yuan worth of shares, further driving down the stock price. After several consecutive sharp drops, most investors could no longer withstand the pressure and fled in panic.
What was originally just a matter for Chen's Capital unexpectedly triggered a chain reaction after the tugboat group got involved. The stock prices of companies in the shipping industry chain of the group fell, and in less than an hour, all shipping stocks were down!
Large amounts of funds began to be redeemed, and financial institutions and retail investors fled to avoid risks. In just one day, the bull market turned into a bear market!
Everyone inside the exchange turned pale as they stared at the green light displayed on the screen, which made their faces appear green.
Amidst the shouts of abuse, many more faces were filled with helplessness and despair. A group of people gathered to call the China Securities Regulatory Commission (CSRC) and demand a thorough investigation into the relationship between Lu Feng and General Manager Chen. Some suspected that the two were putting on a show.
"I heard that Chen's Capital's cash flow collapsed, and only Tang Zhongren lent her money."
"I've heard about it too."
"How is that possible? Who is President Chen? He's a powerful figure in the financial world. Just because of Lu Feng? Impossible, absolutely impossible. There must be something else going on here."
"Really? Didn't you see the newspaper? A whole bunch of front pages were bought up at noon!"
"Let me see!"
The group picked up a newspaper and looked at the huge headline, written in bold and black: Let the sky collapse!
The content was very direct. Lu Feng confidently stated that Chen's Capital had no chance of making a comeback, and that with just one word from him, the other party would never be able to achieve anything in the capital market.
mad!
That's incredibly arrogant. In Hong Kong's financial world, you can count on one hand the number of people who would dare to say something like that, definitely no more than five. And today, we're adding Lu Feng's name to the list.
For many ordinary stock investors, it was like the sky had fallen. Lu Feng's words shattered Chen's Capital and the Shipbuilding Group. Everyone was curious about his background and how a mainland Chinese could possess such power.
Mr. Chen still harbored a sliver of hope that those people would show some compassion, but after making calls all day, he still couldn't get through.
What kind of friendship is this? Everyone is just dancing for interests. Once she loses her usefulness, if Mr. Feng hadn't intervened, someone might have lent a helping hand from afar. But now, helping her is tantamount to harming yourself!
A clerk placed the midday newspaper on the table. She could sense the cold atmosphere in the entire office and quickly left.
Mr. Chen stared at the newspaper's huge front page, his face pale, leaning back in his chair, looking utterly powerless. Everything was essentially settled.
President Chen stood up, pushed open Su Yourong's office door, stared at her, and said, "Don't stay in the company, come back with me."
Su Yourong followed her downstairs. Her left cheek was still slightly swollen. When they got home, President Chen threw his bag on the sofa, took out a cigarette, lit it, and let out a long sigh of relief.
"Are you... in a bad mood?" Su Yourong asked cautiously.
"How could I be in a good mood?" President Chen smiled, but the smile was so pale. He ran his hand through his long hair, and strands of white hair could be seen underneath.
"I may lose control of Chen's Capital. After so many years, I always thought Chen's Capital was my last stop, but I didn't expect it to end like this. What makes me most uncomfortable is that I don't even know who I lost to."
"If you're tired, take a rest. Isn't it because of him?" Su Yourong said tentatively.
“Lu Feng?” President Chen laughed, smoking a cigarette with a disdainful expression. He said, “Even if he gets into the board of directors, he won’t be able to promote his own people within six months. Nobody knows what will happen after six months. He might just become a minor shareholder.”
Upon hearing this, Su Yourong was startled, but kept a straight face and asked, "Why?"
"Because the executive director is elected every two years, according to internal regulations, and because investments are often driven by personal biases, some investments require a long time to see returns, so we're giving him two years. I still have six months left!" President Chen took a deep drag on his cigarette, his smile somewhat sinister.
Lu Feng was determined to get in, so let him come in. She wanted to show him that coming in wouldn't make any difference!
As the market closed, Chen's Capital plummeted by more than 20%, Shipbuilding Group fell by more than 10%, and the overall market fell by about 1%. Starting with the sell-off before the midday close, Lu Feng put on a doomsday show for everyone.
One person can drive the entire stock market; he is enough to leave a legend in the Hong Kong stock market. The most intriguing thing is who exactly is behind Lu Feng, who has such great power that he could completely crush Chen Shufeng with just a few words.
For bigwigs in the financial world, this matter is not mentioned at all. Those outside the industry are completely clueless and quietly inquire among the people around them. In the eyes of many, Lu Feng has gained an additional layer of mysterious brilliance.
In the evening, Lu Feng was stunned to learn that the shipbuilding group's stock price had fallen. He never dreamed that he would have such an unexpected gain.
At this time, the shipbuilding group held a board meeting to seriously deal with Tang Zhongren's misappropriation of company funds. This kind of matter is particularly sensitive, not to mention that some people within the group have long been unhappy with the Tang family.
Tang Zhongren has offended many people in his daily life, but he has always tolerated it because his father is the founder. Now he finally has an excuse.
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