Chapter 691: Strong Sell-Off

It was just after ten in the morning when Zhao Zhi'an finally received a report from his bodyguard. The license plate number of the car from last night belonged to the Jiuding Financial Group and was a company car.

The chairman of the Jiuding Financial Group was none other than the stock god Xia Yu.

Upon hearing this news, Zhao Zhi'an's face suddenly changed.

Although he had just returned from the United States a month ago and did not know Xia Yu well, he had heard a lot about him and knew that he was a famous tycoon in Hong Kong and was also known as the stock god.

Last night, he actually had a conflict with him!

He also cursed Xia Yu a lot and provoked him again and again. In his opinion, this was a big grudge.

If it were him, he would definitely not tolerate it, and revenge was a given.

But now he was the villain, and that was a problem!

'What should I do? What should I do now?'

Zhao Zhi'an was restless and anxious, pacing back and forth, forgetting even the pain in his body.

'Should I tell my family about this?'

A thought crossed his mind, and Zhao Zhi'an immediately shook his head. His grandfather Zhao Congyan was very strict, and he had been afraid of him since childhood.

If his grandfather knew that he had gotten into big trouble, and that he was in the wrong, then he would definitely get a beating.

What's more, it would affect the inheritance of the family property in the future, which he was unwilling to accept.

He is used to a life of luxury and debauchery. If he doesn't have the money to live it in the future, what's the point of living?

He also wants to pick up all the beautiful women in Hong Kong, just like his father!

However, this is a very risky business, and he can't handle it alone. So he thought for a moment and came up with the idea of his mother, who dotes on him.

'No one is allowed to say a word about last night, understand? Otherwise, don't blame me for turning my back on you!'

Zhao Zhi'an looked at the bodyguards with a cold face and ordered.

Zhao Zhi'an had said all this, and the bodyguards looked at each other and nodded: 'Don't worry, young master, we will never tell anyone!'

Afterwards, Zhao Zhi'an made a phone call to confirm that only his mother was at home, and immediately informed his mother, Liu Yufen, that he had accidentally drunk too much and fallen down the stairs last night.

Liu Yufen, who loved her son dearly, was shocked and instructed Zhao Zhi'an not to leave his residence and to come over immediately.

Ten minutes later.

'Oh my god, An'er, what happened to you? How did you get so badly hurt?'

A heavily made-up noblewoman in her forties walked in, and when she saw the bruises on Zhao Zhi'an's face, her face changed, and she ran over in panic, looking at the wounds and asking.

'Mom, I'm fine. I already told you that I fell accidentally while drunk on the stairs. I already went to see the doctor last night, and he treated me.'

Zhao Zhi'an hurriedly said.

'Mom, let's see if you're hurt anywhere else besides your face.'

'Why are there so many injuries? It's dark here. Son, does it hurt?'

'Let's go back to the hospital and have another look, or else I won't feel at ease...'

Zhao's mother, Liu Yufen, said, and then she forced Zhao Zhi'an to go to the hospital for another check-up. Zhao Zhi'an had no choice but reluctantly got into the car. In the car, he told his mother in detail the prepared speech he had thought up, with a very good attitude and a complete attitude of admitting his mistakes and being willing to change, which made his mother feel relieved while also pained.

Seeing this, Zhao Zhi'an, who had been secretly observing the situation, felt a sense of relief.

If he could handle his mother, then even if he met his father today, he would have more confidence. He would just flatly deny it!

Two flowers blooming at the same time, each expressing a different sentiment.

At 1 pm, many citizens were just having dinner and preparing for a nap.

However, this was the time for the afternoon opening of the stock market, and some people in the capital sector were stimulated by a piece of news.

Jiuding Securities had lowered its ratings on Huaguang Real Estate and Huaguang Shipping Company.

Jiuding Securities Company is a benchmark in the field of capital investment in Xiangjiang and has always been watched by its peers. Every move it makes can have a significant impact.

So why had it suddenly and inexplicably downgraded the ratings of two companies, both of which were part of the Huaguang Group? Was it really because it didn't think well of them, or was there some insider information that they didn't know about?

This news quickly spread throughout the capital market of Xiangjiang.

But before they could find out the details, the stocks of Huaguang Real Estate and Huaguang Shipping were massively short sold.

In an instant, there was a massive sell-off of stocks, with the number of short orders for both Wah Kwong Properties and Wah Kwong Shipping exceeding one million shares, worth tens of millions of Hong Kong dollars.

The impact of such a huge number of short orders being sold was enormous, and the stock prices of the two companies crashed instantly.

What terrified some investors even more was that the source of the sold stocks was clearly stated as Jiuding Fund 8 and Jiuding Fund 9.

As anyone familiar with the capital market knows, these two funds are proprietary funds under the Jiuding Securities Company.

The No. 1 securities company in Xiangjiang has clearly smashed the market with its holdings in Huaguang Real Estate and Huaguang Shipping!

Damn it!

Many institutional shareholders, with one gritted decision, instantly decided that they would not get involved in this mess under the circumstances, and they also followed suit by dumping the stocks they held, and would first recover their capital!

As for retail investors, there is no need to mention them, as there were clouds of panicked sellers.

It's not that no one has ever wondered whether Jiuding Securities wanted to crash the market first and then buy the stocks of the two companies at the bottom.

But not many people or institutions were willing to take the risk.

After all, over the past year, Jiuding Securities' actions have always been erratic. Sometimes it bullish on some companies, sometimes bearish on others, sometimes it's a real acquisition, and sometimes it's just a quick buck.

Overall, many of the institutions and retail investors who followed the trend made money, but there were also a lot of losers.

Therefore, no one in the capital sector dares to say that they know for sure what Jiuding Securities wants. They either choose to take a gamble or stay out of it, bearing all the consequences themselves.

...

Zhao Shizeng had drunk a little wine at noon and was taking a nap at home when the phone in his room suddenly rang urgently, waking him up.

'What... I understand, I'll be right over!'

He was still a little dazed, but the urgent report from the other end of the line woke him up instantly. After hanging up the phone, he quickly got up and got dressed.

As he was getting dressed and about to go out, the villa door opened and his wife, Liu Yufen, and son, Zhao Zhi'an, walked in.

'Boss, it's the middle of the day, are you going out again?'

Liu Yufen's tone was a little dissatisfied, as if she thought her husband was going out to be gallant again, and maybe he would go to the bed of that vixen later.

'Something came up at work, I need to go deal with it!'

Zhao Shizeng frowned and said concisely.

He was about to leave when he suddenly saw his son Zhao Zhi'an, who dared not look at him and wanted to hide behind his wife Liu Yufen.

Upon closer inspection, he noticed the bruises on his son's face and said sternly, 'What happened to your face?'

'An'er fell accidentally. I took him to the hospital and the doctor said it was a superficial injury. He'll be fine after a period of rest. Don't lose your temper with An'er again,'

Liu Yufen said immediately, blocking Zhao Shizeng's way of scolding Zhao Zhi'an.

'Is that so?'

Zhao Shizeng asked, his gaze like a knife.

Facing his father's interrogation, Zhao Zhi'an's expression was stiff, and he said awkwardly, 'Dad, I fell accidentally. I'm sorry to have worried you.'

'Huh?'

The brat actually knows how to admit his fault? Zhao Shizeng was surprised.

However, he had something to do right now and didn't have time to educate his son. Since he had a good attitude, he didn't bother scolding him, but said indifferently, 'You've improved a lot. Drink less in the future.'

He knew that his son liked to drink, and it was very likely that he had drunk too much last night and fell over.

'Don't go out tonight. I'll talk to you when I get back!'

'Okay, Dad!'

Zhao Zhi'an felt uncomfortable as he watched Zhao Shizeng rush into the car and leave.

Because he sensed something unusual.

He hadn't seen his father look so hurried in a while, and it was obvious that something big had happened at the company.

And he had just offended Xia Yu, so his nerves were extremely sensitive. Now that he suddenly noticed his father's abnormality, he couldn't help but be suspicious.

Uneasy, he immediately made a phone call after returning to his room to ask a friend about the situation.

Upon making the inquiry, he was dumbfounded.

The thing he was afraid of had actually happened, and it had come so quickly!

What should I do!