Chapter 1030: A total crash! A stock market crash has broken out!

Suddenly, a large number of sell orders suddenly poured out of the market in a mess, with quantities ranging from thousands to as few as three or four, and prices ranging from the lowest to as high as 50.7 Hong Kong dollars per share!

A conservative estimate is that these sell orders are worth at least 10 million Hong Kong dollars!

Norman Shiyahuai's trader in front of him hurriedly turned his head and asked, 'Chairman, do you still want to buy?'

Just as Norman Shiyahuai was about to reply, several urgent voices sounded in the operations room, immediately attracting Norman Shiyahuai's attention.

'President, there are large sell orders for Taikoo Warehouse Company.'

'President, there are large sell orders for Taikoo Shipping Company, and the stock price is about to fall.'

The stock prices of these two companies are also in trouble!

Although he didn't go to check, Norman Shiyahuai guessed that the situation would not be much worse than that of the Swire Pacific Group.

He thought that he would have to put in at least 20 to 30 million Hong Kong dollars right away to buy the shares, and that was just the beginning. The floodgates had been opened, and sell orders would surely be thrown in continuously. The existing capital of more than 300 million Hong Kong dollars would definitely not be enough to support it.

Norman Shiyahuai shook his head and said to the trader in front of him in a somewhat low voice, 'Let's wait and see.'

After that, Norman Shiyahuai went to check the stock prices of several other companies. Sure enough, sell orders were constantly coming in, and the stock prices were falling.

Before the stock price hit the insurance line when taking out a bank loan, Norman Shiyahuai decided to let things take their course. He didn't believe that the stock prices of these companies would fall to the bottom!

All morning, Norman Shiyahuai watched the stock prices fall with a heavy heart.

The only thing that gave him comfort was that as the morning drew to a close, the rate at which the stock prices of each company fell slowed. It was obvious that after experiencing the initial panic, investors were gradually calming down.

After all, there was no buyer, so there was no point in lowering the price continuously. It would be better to wait and see.

When the morning session ended, the Hang Seng Index had fallen from the peak of 2,365 points at the close of trading yesterday afternoon to 2,328 points.

The market value of the Swire Pacific Group had also evaporated by 3.9 billion Hong Kong dollars, officially falling below 20 billion Hong Kong dollars, with a market value of 19.8 billion Hong Kong dollars at the close of trading.

After a short lunch break, the stock market reopened, and the share prices of companies such as Swire Pacific continued to slide down the slope.

The momentum of the decline had only weakened considerably.

At around 2:30 pm, just as Norman Shiawai let out a small sigh of relief, he noticed that the share price of Swire Pacific seemed to be falling even faster.

Not only that, the share prices of other listed companies also began to fluctuate.

Just as Norman Shiyawei was wondering, an employee rushed in breathlessly, and the first words out of his mouth made Norman Shiyawei and Cedric Quincy's faces turn pale.

'Chairman, President, there's trouble in the entire stock market!'

Cedric Quincy was, after all, younger than Norman Shiyawei, and he walked quickly up to the employee, asking with a serious face, 'What is the reason?'

The employee who reported it took a few rapid breaths and said hurriedly, 'President, just now a piece of news spread on the stock exchange. During the meeting with Fu Chaoshou and others, the mainland to the north publicly proposed the concept of "one country, two systems" for the first time, and the issue of the future of Hong Kong has been placed on the table.'

Norman Shiyahuai, who had already walked over, had a face as black as a pot sticker after hearing the employee's report. At this moment, his mind had exploded, and he could feel a buzzing in his head.

If an employee can realise it, how can he, as the head of the consortium, not realise it?

The Hong Kong stock market has been influenced by the mainland on numerous occasions. A few years ago, the Hang Seng Index fell sharply, which was also affected by the issue of Hong Kong's political future.

Every rumour affects the stock market and causes it to fluctuate violently.

This time, Norman Shiyahuai also heard that a team of Hong Kong intellectuals had gone north to the mainland, led by Fu Chaoshu.

Since the news has already been reported back, it is very likely that it is true!

The mainland has officially intended to discuss the future of Hong Kong!

It will definitely cause a huge panic in the capital market!

Sure enough, the entire operations room began to become noisy.

'Report, the Hang Seng Index has begun to plummet, and the stocks of almost all companies have begun to fall!'

'Report, the share price of Swire Pacific has fallen below HK$40 per share, and the rate of decline is alarming. There are a lot of sell orders...'

'Report...'

The impact of the news instantly created a hurricane that swept through the entire stock market. Norman Shi Yawai and Cedric Quincy had no time to ask about the authenticity of the news. Without saying a word, they immediately went to check the stock market situation.

Sure enough, the stock prices of all listed companies in the entire stock market were falling, and there was not a single company whose stock price was still rising!

Norman Shi Yawai's heart instantly turned cold.

While some people are worried, others are happy.

While everyone in the capital market, including Norman Shi Yawei, was panicking, the atmosphere at Jiuding Securities Company was very relaxed and pleasant.

As he watched the Hang Seng Index plummet below 2,300 points and continue to fall, Xia Yu's face wore a faint smile.

Wang Qi, after a moment of shock, immediately looked at Xia Yu, who had remained calm throughout, with a smile on his face, and asked, 'Chairman, did you know about this in advance?'

Xia Yu laughed heartily and did not answer Wang Qi's question.

However, Xia Yu's attitude made Wang Qi feel that the chairman must have known that this would happen a long time ago.

'Okay, let's sit down and watch the show slowly, and see how far it can fall by the time the market closes this afternoon.'

...

The capital market was in chaos because of this news, and the media sector was no exception.

Reporters from major media outlets rushed to the same destination with long cameras and short guns, just like sharks smelling blood – the mouthpiece of the mainland in Hong Kong, the Xinhua News Agency.

After the meeting and conversation on the mainland ended at noon today, Wang Ping received the complete content of the conversation and was ordered to announce it to the public.

Even if Wang Ping did not say it, Fu Chaoshu and others, who had already started their return journey after lunch, would also bring the news back to Hong Kong.

Rather than let the content of the conversation be distorted and rumours spread in Hong Kong, affecting its stability, Wang Ping of course chose to make the announcement himself in an attempt to calm the chaos that had just broken out in Hong Kong.

So, facing the journalists gathered outside the Xinhua News Agency building, Wang Ping directly called a press conference, reciting the plan word for word, and repeatedly declaring that the mainland's position was to maintain Hong Kong's social system unchanged, with no reduction in the people's standard of living, no movement of foreign capital.

The press conference was like a battle. After it was over, Wang Ping's shirt under his suit was soaked through, and his forehead was covered in sweat. He didn't know if it was from exhaustion or the heat.

'Lao Wang, the stock market has already started to plummet, and judging from the press conference just now, Hong Kong is going to be in chaos. We have carried out the orders from above, but I don't think the effect will be very good. We must be prepared for the worst,'

As he watched the reporters hurrying back with their interview results, the second president Li Hua anxiously said to Wang Ping: 'The stock market has already started to plummet, and judging from the press conference just now, Hong Kong is going to be in chaos. We have carried out the orders from above, but I don't think the effect will be very good. We must prepare for the worst.'

Wang Ping was also very worried. He sighed and said, 'I just had someone do a headcount, and there are a large majority of Hong Kong media here. If these media can report exactly what we mean, that would be fine, but I'm afraid that these people will fan the flames for the sake of sales!'

'Yes, some newspapers will go to any lengths for money.'

Li Hua nodded in agreement. He knew the nature of many media outlets in Xiangjiang. They will make up news for the sake of sales. He was sure that some newspapers would deliberately cut the news to create a sensational story, which is completely different from their original intention.

But Hong Kong is not China, and they can't use administrative means to restrain and manage it. This is the worst!

Wang Ping took a deep breath, patted Li Hua on the shoulder, and comforted him, 'Li, let's not think about it so much. Let's just wait and see what happens tonight and tomorrow morning, and then we'll see what to do.'

'We haven't seen Xia Yu for a while, so we might as well pay him a visit.'

Li Hua's gaze hardened, and thinking about Xia Yu's media empire and his position, he nodded slowly.

As long as Xia Yu was willing to help, with Jiuding Media Group's control of public opinion, it should be enough to bring public opinion back on track.