Chapter 571 The decisive battle is coming
Soros' move did catch Xiangjiang off guard, but he quickly reacted and used his huge foreign exchange reserves to absorb Hong Kong dollars, raise interest rates and tighten the money. Immediately afterwards, Chinese and foreign funds entered the market, and 24 blue-chip and red-chip listed companies repurchased shares from the market. In just two hours, the transaction volume exceeded 2 billion Hong Kong dollars, and by the lunch break, the transaction volume reached 4.7 billion Hong Kong dollars.
Chuanhe Capital, Shui Chenjun said: "Boss, is it time for us to take action?"
Chen Chuan waved his hand: "No hurry, it's not time to fight the final battle yet, let's solve Crown Entertainment in the afternoon."
Shui Chenjun said: "Purchase Crown Entertainment and let its surname be Chen?"
Chen Chuan curled his lips and looked disgusted: "A small entertainment company, what do I want it for? Your task is to let the Sun family go fucking begging for food."
If you want to win Crown Entertainment in normal times, you will definitely have to work hard. After all, the Sun family is deeply rooted in Xiangjiang, and you will definitely have a lot of friendship with major banks in Xiangjiang. You can use hundreds of billions and dozens of funds at any time, without any problems. But now it is different. With the outbreak of the financial crisis, even banks cannot protect themselves. If you tighten the money, not to mention a billion, no one can make it. In order to attract deposits, it is useless to call your father the bank, but now it is useless to call him father.
Shui Chenjun observed a moment of silence for the Sun family. You said that you would not offend anyone, and you must offend my boss.
As soon as the market opened in the afternoon, the futures market was filled with a large number of short orders, and the futures index fell sharply, followed by the foreign exchange market and the stock market, which followed one after another.
Crown Entertainment, the conference room was full of people, and the four brothers of the Sun family were all there, including the juniors such as Sun Gan, and the company's senior executives. They all looked solemn. No one could escape this financial crisis.
Sun Shaodong looked at his second son Sun Xucheng: "Xucheng, is there any reply from the bank?"
Sun Xucheng said: "I called to inquire. Major banks searched for money, and they would not deduct a penny of loans."
Sun Shaodong frowned. When the market opened in the morning, Crown Entertainment's stock had fallen below ten yuan. He invested more than 20 million yuan before he could barely rise to ten yuan. But as soon as the market opened in the afternoon, it dived directly to eight yuan7 yuan. He invested another fourteen million yuan, but after hearing the noise, he just raised his head and then plunged.
What made him most depressed was that it has been unhappy in recent years. The artists who were strongly promoted changed jobs and the movies failed continuously. The eldest son was kidnapped and the younger son was deposed. Last year, the top stars from Hong Kong and Macao were invited to invest 12,000 yuan and promote it for 300 million yuan. They made a so-called blockbuster. Unexpectedly, they encountered a financial crisis again, and the days of release were nowhere to be achieved.
"Zaize!" Sun Shaodong looked at the fourth son Sun Zaize: "How is your place?"
Sun Zaize said coldly: "I refused all of them and told me there was no penny."
"Bang!" Sun Shaodong punched the table hard, "a bunch of ungrateful bad guys."
Sun Xucheng said: "Now everyone is unable to protect themselves, and it will be difficult to raise money from the outside world."
The third son Sun Qide looked at Sun Xucheng with gloomy eyes: "What do you think you should do?"
Sun Xucheng said: "Sell the property you have as soon as possible, and lay off employees."
Sun Qide cursed with a pale face: "How can I get it as soon as possible? Damn, I usually call me brother when I see me. I heard that I want to sell the property, and I tried hard to lower the price, and I treated me as a kid."
Sun Zaize snorted coldly: "It's a matter of time before the real estate collapse. Will you sell it while there are suckers now and then wait for the price to become a bargain?"
Sun Xucheng frowned: "Zaize, do you think Xiangjiang will lose?"
Sun Zaize said: "It's not that I think Xiangjiang will lose, but Soros has never lost. Don't listen to the mainland's shouting, and will fully support Xiangjiang. That's all anti-aircraft guns. Now Xiangjiang is an enemy of the entire Wall Street, or in other words, an enemy of the entire West, which is overestimating one's own abilities."
Sun Xucheng looked at Sun Qide: "Who gave the highest price?"
Sun Qide cursed and said, "Those mainland bosses are the most fucking greedy. Only Chuanhe Industrial gave them high, but they are not much taller than those mainland bosses."
Sun Xucheng said to Sun Shaodong: "Brother, you have that idea."
"Zaize's words make sense. If you don't take it off now, it will really become a bargain in the future." Sun Shaodong looked at Sun Qide, "Contact Chuanhe Industrial immediately. If you can, talk, and if you can't, take action. But there is a condition that the money must be received tomorrow, and at the latest, you cannot be late."
On the afternoon of the 22nd, Xiangjiang and international speculators led by Soros were constantly in a close relationship. The Hang Seng Index slowly suppressed the previous crazy decline and began to be in a state of turbulence.
"jingle……"
Shen Chuan's phone rang, and he took it out and saw that it was Huang Guoqiang's. He pressed the answer button: "Old Huang!"
Huang Guoqiang said: "Crown Entertainment contacted me just now."
Shen Chuan smiled: "I guess they should look for you too."
Huang Guoqiang also smiled: "It seems quite urgent. Should I lower the price again?"
Shen Chuan said: "If I guess correctly, Crown Entertainment has no more liquid capital. If we don't sell the property as soon as possible, we will not be able to hold on for a few days. So, we will do good deeds and help the Sun family. After all, we are all Chinese, and it is too exaggerated to say that it is a national crisis, but it is our generation who should do to fight against the powerful enemy."
Huang Guoqiang held back his laughter and agreed, and hung up the phone. He clearly wanted to make the Sun family die, but he insisted on saying that everything was Chinese, and he joined hands to fight against the powerful enemy. It was too hypocritical.
Shui Chenjun smiled and said, "If those properties are not sold, they will become the foundation of the Sun family's life. Crown Entertainment collapses and there will be a chance of rising in the future. If they are sold, the Sun family will really have to go begging for food."
Shen Chuan stood up and stretched: "Let's go, find a place to drink."
In the next few days, Xiangjiang and international speculators were in contact, and the battle situation became more and more intense. Some small and medium-sized enterprises could not hold on and went bankrupt one after another.
On August 26, there are two days left before the settlement date of Hang Seng Index Futures.
The famous financial czar, Liu Xingrong slapped the table in anger: "What are you waiting for? What are you waiting for? If you don't take action tomorrow, Xiangjiang will be gnawed by a group of wolves until the bones are gone."
Liu Xingrong got angry and then cried loudly. If Hongchi did not take action tomorrow, Xiangjiang would not be able to hold on to the settlement day. This man in his fifties felt so wronged that he cried very sadly. He took a full half an hour to stop crying, then took a deep breath, grabbed the phone and dialed the number quickly.
There are more than 20 people sitting in a small conference room at the Victoria Hotel, all of which are famous domestic figures, and each person holds more than 10 billion in assets.
The conference room was filled with smoke. A man in his forties, a burly figure and suit swept around: "Before, the above said that we have a powerful helper. As long as this person is here, we can keep Xiangjiang safe. But after several days of observation, except for Xiangjiang who is fighting alone, there is no funding to support the market. I suspect that the above is fooling us."
Another middle-aged man said: "The financial crisis has reached this level, and it is impossible for the superiors to fool us. Perhaps the other party felt that the time was not yet ripe, so he did not take action."
As he said that, the middle-aged man looked at a 31 or 2-year-old young man opposite him: "Mr. Qiao, do you know who this person is?"
Mr. Qiao is very young. In addition to his own abilities, his family background must be very unusual: "I asked my old man, but he didn't say anything."
The middle-aged man nodded: "No matter whether this person exists or not, we must take action tomorrow. If we wait any longer, Xiangjiang will really fall."
"Dingling..." Mr. Qiao's phone rang suddenly. He picked it up and looked at it. His face changed. He hurriedly pressed the answer button: "Dad!"
A low and majestic voice came from the receiver: "What are you doing? Why haven't you taken the initiative to support the market yet?"
Mr. Qiao said, "We are waiting for that person to take action, but he has not appeared."
The other party said in a deep voice: "Don't wait for him, as the time is right, he will take action naturally."
Mr. Qiao said: "We are having a meeting to study. If you don't make this call, we will enter the market tomorrow."
The other party said: "Just just passed the Chief Executive and directly called the cabinet. Xiangjiang's foreign exchange reserves have bottomed out and can't be delayed anymore, otherwise Xiangjiang will be in danger."
"I understand!" Mr. Qiao agreed, hung up the phone, and then glanced around, "My father's, Liu Xingrong just passed the Chief Executive and called the phone to the cabinet and ordered us to take action tomorrow."
Shen Chuan has been occupying Shui Chenjun's office these days, which made Shui Chenjun have no choice but to find an unmanned station outside to work.
"Is there any news about Crown Entertainment?" Shen Chuan stood behind Shui Chenjun and watched him fiddle with the computer.
Shui Chenjun put down the mouse in his hand and said with a smile: "Crown Entertainment has invested more than 2 billion yuan. In addition to the circulating shares in our hands, they have repurchased 70% of the shares on the market."
Shen Chuan thought about it for a moment: "I invested more than 2 billion yuan. So, they have very little left to sell the property."
Shui Chenjun nodded: "Tomorrow we will sell all the Crown Entertainment stocks and make the stock price down. Let Crown Entertainment take out all the remaining money, and we will also take the opportunity to make some money."
Shen Chuan was happy: "Then wait for the bank to find them."
On August 27, the day before the settlement date, the traders on the Xiangjiang Stock Exchange looked solemn. At 10 a.m., the Xiangjiang stock market opened. At the beginning, speculators' selling orders rushed over like a rush.
In the first fifteen minutes, the transaction volume reached HK$1.9 billion. In the second fifteen minutes, the transaction volume was HK$1 billion. In the fifteen minutes before the closing, the battle entered a white-hot state, with the transaction volume reaching HK$32 billion. The tragic state made all traders on the field stunned.
On this day, Xiangjiang and Hongchi used more than 70 billion yuan and entrusted ten brokerage banks to siege and block 33 Hang Seng Index. The Hang Seng Index closed at 7,900 points, up 88 points from the previous trading day, which was the highest point since November last year.
Chapter completed!