Chapter 93 News Window
The rampant short selling has enveloped the stock market and lingered in the hearts of every investor, making people shudder at the current state of the stock market. In major stock forums, some people have already shouted in despair: "Today is the battle to defend Shipai in the stock market! I believe we can win!"
In the evening, the invisible hand finally delivered a fatal blow to the bears.
At 5:00 PM, the Xinwen Lianbo broadcast reported: "The Ministry of Finance stated that during periods of unusual stock market fluctuations, central state-owned financial institutions will not reduce their holdings and will increase them when appropriate. The central bank will ensure sufficient liquidity for China Securities Finance. The State-owned Assets Supervision and Administration Commission (SASAC) will support state-owned and central enterprises in increasing their holdings of corporate shares, but will not reduce their holdings within six months."
At the same time, China Securities Finance Corporation bought shares of five fund companies including Hua Xia, Harvest, etc. for 200 billion yuan, 40 billion yuan each. In addition, it also provided a credit line of 260 billion yuan to 21 securities companies.
The efforts to rescue the market have increased again.
Zhao Xinyue lay on the bed and handed the phone to Li Feng. She said, "Look, there's another bailout. This time it's very powerful. It was even on the news broadcast..."
Li Feng carefully reviewed it and analyzed, "The specifications are very high and the intensity is very strong. This fight will definitely have a winner before this Friday."
"Why before this Friday?" Zhao Xinyue asked.
"Once Friday is over, it's the weekend again, and the news window is here. Rumors can easily spread then, and any further rescue efforts will drag on for another week," Li Feng said. "Short sellers are already so rampant that all three major stock index futures have hit their lower limit. We can't delay any longer."
Zhao Xinyue lowered her eyes, as if thinking about something.
Li Feng continued, "The stock market is a game of human nature. During this news vacuum, it's very easy for the index to fluctuate dramatically. Generally speaking, in a bull market, Mondays tend to see big rallies, and conversely, in a bear market, Mondays tend to see big drops. This is all the result of emotions fermenting over the weekend."
"Hmm..." Zhao Xinyue drew inferences from one instance and continued, "In other words, tomorrow and the day after tomorrow are critical days?"
"That's right," Li Feng said, "it's better to pursue the enemy with all your remaining courage than to seek fame by imitating the tyrant."
What else did Zhao Xinyue want to say?
"Buzz—buzz—buzz—"
Li Feng's cell phone suddenly vibrated. He picked it up and looked at it, his face a little surprised.
"Dad, why are you calling?"
"Xiaofeng, have you watched the news? I heard the stock market has been plummeting these past few days, almost like a crash, and the government is trying to rescue it," Li Youjiang frowned, worried. "Are your stocks okay? Everyone around me, including our boss, has lost a lot of money. Work has even stopped at the construction site..."
After saying this, he was still a little worried and said, "It's okay to lose a little. Just think of it as recuperating for a few years. Don't borrow money to invest in stocks. We can only do things with as much money as we have."
"As for debt repayment, your father and I have saved over 100,000 yuan over the past three years. When the time comes, we'll pay off the debts from other villages first. As for those in our village who are closer to us, I'll go and talk to them and ask them to give us a few years' grace. As for the remaining debts, we'll pay it off even if we die."
As he spoke, Li Youjiang looked out the window at the endless Gobi Desert, and he became hesitant and depressed.
In the past three years, he traveled thousands of miles to work in Xinjiang. In order to save money, he didn't even go home for the New Year. He did this just to pay off his debts as soon as possible. As long as he didn't pay them off, he would feel like a stone was pressing on his heart and he couldn't relax.
Li Feng listened to the whirring sound of the wind on the other end of the phone, and thought of his father, whose face was getting older day by day, and said with relief:
"Dad, don't worry. You don't know my character yet. I never do anything I'm not sure of. In this stock market crash, your son didn't lose any money. I even made a lot. Come home in a few days, and I'll be there soon to pay off this debt."
Li Youjiang didn't believe it and said, "Xiaofeng, stop talking nonsense. Tell me the truth. How much did you lose? One hundred thousand? Eighty thousand? Or even hundreds of thousands? If we lost, we can still make more money. But you can't borrow money and pay it back. That's deceiving yourself!"
"Don't think I don't know. P2P is all the rage online right now. You can borrow money with just a click, but how high is the interest? It should be at least 1%. When we borrow money from relatives, it's interest-free, so we can wait a while. But if you borrow this money, it's usury! If the interest keeps compounding, we'll never be able to recover! Don't do it!"
"If you do this, won't that dig up our family's roots? By then, I'm afraid your mother and your grandmother won't even have a place to live..."
The more Li Youjiang thought about it, the more stern and serious his words became on the phone.
The more Li Feng listened, the more moved he became. He advised, "Dad, I really didn't lie, and I didn't borrow any money. Besides, I didn't lose anything in this stock market crash. I actually made a lot of money. If you don't believe me, you can ask... ask the B City Metropolitan Newspaper, my colleagues... Or, how about I take a screenshot of my stock account and send it to you?"
"That's nonsense! Others are losing money while you're making money... Besides, he's your colleague, how would I know his phone number? I'm glad I didn't borrow any money..." Li Youjiang thought for a moment and said, "I'm calling because I'm worried about you, and I want to tell you that I'm planning to go home. I haven't been back for three years, and I don't know how things are going back home..."
"Very good...Dad, when are you leaving?" Li Feng asked.
"In two days." Li Youjiang had just finished speaking when his co-worker Lao Lu touched his arm and winked outside the house.
Li Youjiang understood what he meant and said quickly, "Okay, I'm going to hang up first and go have a cigarette."
After saying that, Li Youjiang put his phone in his pocket and asked, "Old Lu, have you found where Mr. Quan is staying?"
"It turns out that this grandson has hidden in the city and is sleeping at his lover's house. Let's call Lao Zhang, Lao Hong, and Lao Wang, and go block him together tonight. We won't let him go out unless he is paid in full. If that doesn't work, we can call his wife. Damn it, we'll make him pay!" Lao Lu said hatefully.
"Let's go!" Li Youjiang walked out of the house.
After working at this construction site for more than half a year, the workers were owed as little as 20,000 to 30,000 yuan, and as much as 70,000 to 80,000 yuan. Li Youjiang also had nearly 50,000 yuan in wages that had not been paid.
After just a few steps, Lao Lu, Lao Zhang, Lao Hong, Lao Wang and other workers came.
Lao Wang chuckled and said, "I've figured out the location. Let's sneak into the complex in the dark and block his door at two o'clock in the morning. If he doesn't pay back the money, we can just call his wife and ask her to catch him in the act."
"Old Lu and I will block the door, and you two will block the windows. Don't let him run away!" Old Hong pondered.
Old Zhang was timid and advised, "Catching an adulterer? Isn't that a bit too much? Isn't it illegal?"
"It's not illegal at all! This is the only way to deal with shameless people like him," Lao Hong said, pulling out a smartphone and a loud speaker. "I have both ready. Damn it! I've worked so hard for a year and haven't received a penny, and you expect me to pay for it? No way! Even if he doesn't have any money, he'll have to use this car to pay off his debts!"
As he spoke, Lao Hong took out another bunch of car keys.
That night, in a residential complex in W City, a series of violent knocks on the door woke up the neighbors and G-Dragon who was sleeping.
"G-Dragon, open the door!"
"G-Dragon, do you think we won't be able to find you if you hide here?"
"Boss Quan, do you want me to call my sister-in-law?"
G-Dragon was horrified and hurriedly looked for clothes to put on.
The woman next to him also woke up and was frightened when she heard the sound. If this was blocked by someone else's wife, she would never be able to wash herself clean even if she jumped into the Yellow River.
Although it wasn't clean.
"Hurry, window, get out through the window."
The house was Room 301, about ten meters from the ground. G-Dragon, who was familiar with civil engineering, thought for a moment, then opened the window and climbed out.
Just go down to the second floor, jump, and you'll be out.
However, just as he climbed to the second floor, a beam of strong light hit him.
"Mr. Quan, you finally came out..."
"Boss Quan, we've been searching for you for so long..."
"Mr. Quan, be careful..."
But it was Lao Lu and his companions who were just sitting there waiting for something to happen.
There were several of them, some holding flashlights, some recording videos with their mobile phones, and some shouting with loudspeakers, while the rest came forward and "rescued" G-Dragon from the second floor.
At this time, the neighbors in the community were awakened. They turned on the lights and leaned on the windows to watch the excitement. Some people even started to make a fuss and recorded the video.
But it was G-Dragon, wearing pajamas and a pair of underwear. He was so embarrassed that he wanted to find a hole in the ground to crawl into.
"Mr. Quan, since so many people are watching, just pay the wages." Old Lu took out several pay slips, which clearly stated how many days each person worked and how much they were paid.
Quan Zhilong simply rolled up his pajamas to cover his face, but threatened: "What are you guys doing? What are you looking at? Do you know that you are breaking the law? Be careful or I will call the police!"
"Besides, the general contractor hasn't paid me yet, how can I afford to pay you?"
As he said this, he was about to rush out.
No one was willing to do that. If they let him run away, they wouldn't know when they would find him again.
Lao Wang stopped him and retorted, "Call the police? Great! You're owing wages to migrant workers, and I was just about to call the police to arrest you!"
Old Zhang sneered, "You don't have money? I've already asked the general contractor, and the money has already been transferred to you. You're in charge of the subcontracting. If the money isn't with you, where else can it go? Could it be that the money has grown legs and run away on its own?"
Quan Zhilong couldn't escape, so he could only complain, saying, "Hey, brothers, I'm going to tell you the truth. You should know that a few days ago, I got stuck in the stock market. The stocks I bought were suspended. Even if I wanted to sell them at a loss, I can't. I really don't have any money now!"
"When the stock market goes up, I will definitely give you money."
"Hmph, I don't believe that. When the stock market goes up, will you still be willing to sell it?" Old Wang sneered. He took out a pen and paper and a red stamp and said, "Boss Quan, if you want to leave, you can. Just pawn your Audi to us."
"No, I'm still driving that car!"
"If not, return the money. Otherwise, I will send this video directly to my sister-in-law."
"You—you—ah..."
"Mortgaging the car is a bargain for you. I've asked people, and your car is worth at most 110,000 or 120,000 yuan, which is not even enough to cover our wages. We'll take a small loss and get the money back first. If you make money in the stock market, you can redeem the car later."
"You, you have been planning this for a long time—"
"Bah! You owe us half a year's salary and you're holding off on paying it. What's that? That's just insane! That's just greed!"
The two sides engaged in a verbal battle that went on non-stop, and the neighbors watched with great interest, some even cracking melon seeds while doing so.
G-Dragon was half naked, feeling embarrassed, angry, helpless, and the impermanence of life.
After a long stalemate, people from the neighborhood committee and the police station came.
G-Dragon didn't dare to make a big deal out of this, so he could only take the paper and pen to sign and put his fingerprints on the car.
Li Youjiang and others then breathed a sigh of relief and let G-Dragon leave.
Continue read on readnovelmtl.com
