Chapter 1444: Hong Kong stocks are in an avalanche, but there is no panic

Inside the Hong Kong Stock Exchange.

Due to the public opinion factors from yesterday and this morning, investors crowded the exchange early.

Even though some of them did not buy stocks individually, but instead handed their money over to securities or fund companies to manage!

As the stock market opened, the originally noisy exchange fell silent for a few seconds.

Then there was even more commotion than before the opening.

At the close of trading last Friday, the Hang Seng Index fell to 3738.2, and the total market capitalisation fell to HK$1.65 trillion.

But as soon as trading opened today, the Hang Seng Index plummeted 87 points, a drop of 2.33%, as the market as a whole plummeted!

And in just two minutes.

The Hang Seng Index fell below the 3,500 point mark, a drop of more than 6.4%!

This plummeting trend is terrifying.

Among the investors in the market, many have entered the industry in recent years, but quite a few have experienced the stock market crash of the late 1970s.

The stock market boom of the past four or five years had almost made them forget that brutal past.

But what they witnessed at this moment stirred up the nightmare deep in their memories, causing many of them to look terrified and subconsciously scramble to sell their stocks, wanting to cash out as soon as possible and leave the market.

In particular, those large retail investors who had used leverage financing were so anxious that their hearts were about to jump out of their chests.

Because they knew that this disaster was only the beginning, and no one could predict where it would end.

For those who have used three or five times leverage, the risk of losing all their money is almost 99%!

These people are selling stocks and have become accomplices to the bears who are smashing the market.

At this moment.

Inside the operations room of Jiuding Securities Company.

Xia Yu looked expressionlessly at the electronic screen.

In the entire operations room, all the traders, unusually, were not working at all, just staring blankly as the market and the prices of the stocks they were watching plummeted.

For them, this was the first time they had experienced this feeling since joining Jiuding Securities so many years ago.

They could still enjoy this kind of day for the next few days.

After watching for a while,

Xia Yu was ready to leave.

But before leaving, Xia Yu specially summoned Yuan Tianfan and gave him a lecture, telling him not to let his guard down these days. Even if he was not operating, he still had to conduct simulation exercises to ensure that when the time came to act, he could strike with the precision of a scalpel.

...

Today's stock market really did plummet.

By the afternoon closing bell,

the stock market had lost 278.4 billion Hong Kong dollars, with the Hang Seng Index falling to 3,107.5 points, a drop of nearly 17%!

The total market value of the entire Hong Kong stock market, with more than 500 listed companies, is now only 1.37 trillion Hong Kong dollars.

If we consider that some time ago, at its peak, the total market value of Hong Kong stocks broke through the 2 trillion Hong Kong dollar mark,

compared to that time, the stock market has now shrunk by more than three times!

Investors who entered the market at that time only needed to use more than three times the leverage. At this time, they are either on the verge of liquidation, or have already been prompted to make a margin call and must make a top-up payment.

Otherwise, all positions will be forcibly liquidated after a certain period of time.

Of course.

According to the current situation, it is difficult to forcibly liquidate positions.

After all, although sell orders were everywhere today, the trading volume reached the lowest value this year.

It was only 87 million Hong Kong dollars!

That's less than one seventieth of the average daily trading volume this year!

And most of the 87 million Hong Kong dollars were traded for special reasons.

It is clear that investors are afraid of the market today.

It is foreseeable.

If there are no other factors this week, Hong Kong stocks will continue to plummet in the next four days.

Shortly after the Hong Kong stock market closed, Xia Yugang had just finished his report when

a servant reported that Governor of Hong Kong, Su Xingjian, was here to visit.

Xia Yugang immediately ordered someone to take Su Xingjian to the drawing room.

Soon, a haggard-looking So Hang-kin arrived before Xia Yu.

Yesterday, on Sunday, So Hang-kin had already visited Xia Yu once. At that time, although it could be seen that he was worried, he was not as haggard as he was today.

'Governor, it looks like you've had a busy day, and you didn't even take a break at lunch?'

'Here, have a cup of tea to refresh yourself,'

Xia Yu said with a light smile.

'Thank you, Mr Xia.'

Su Xingjian gave a wry smile, said thank you, and then lifted the teacup to take a few sips of the hot tea.

The scalding hot tea brought a burning sensation to his tongue, and the fresh tea aroma also dispelled a trace of his fatigue.

Su Xingjian perked up and said to Xia Yu, 'Mr Xia, based on what we discussed yesterday, today I have basically unified the thinking of the people within the Hong Kong government. Although there are still some people whose attitudes are not very clear due to their backgrounds, it should not affect the overall situation.'

'Before coming here, I also communicated with London, but the situation is unclear, and the attitude of multiple departments above is very ambiguous.'

While speaking, Su Xingjian kept observing Xia Yu's expression. When he saw Xia Yu's displeased expression, he immediately said, 'But Mr Xia, please rest assured, I will definitely stand firmly by your side, on the side of Hong Kong, and resolutely oppose that Proposal.'

'Hong Kong is already on an unprecedented path of brightness, and I cannot let anyone destroy it.'

As a British man and the Governor of Hong Kong sent by the British government, his words were completely out of character.

But Su Xingjian was not confused. He always knew what to do and what he should do.

Although he was the Governor of Hong Kong sent by the British, he knew that his political career was over. Even if there was still the possibility of moving up, it would not be in a key department, but basically a retirement department.

The future of his Monroe family does not lie in the UK, but here with Xia Yu.

He knows very well that even if Hong Kong is really hit hard this time, Xia Yu still has tremendous power. As long as a little bit of it leaks out, it will be enough for the Monroe family to rise up a level.

Even if he is removed from office, as long as the Monroe family has strong capital, the political careers of his two sons will not be cut off, and they may even do even better.

After all, Britain is a capitalist country. Politicians may hold power, but in the final analysis, they still rely on capital.

Just like the members of the two major British parliaments today, most of them have support behind them.

Even if some MPs do not have the support of outside capital and belong to traditional political families and aristocrats, these political families and aristocrats have strong capital under this status.

Su Xingjian's goal is to ultimately turn his Monroe family into such a family that can be passed down for a long time.

A politician with no capital can only prosper for a time, with their fate in the hands of those in higher positions.

But as long as there is enough capital, then they can continue to prosper, and even if they fall from power, they will definitely have the possibility of rising again.

As long as there is capital, it is very easy to whitewash a person.

Therefore, between the British government and Xia Yu, Su Xingjian of course did not hesitate to choose to stand on Xia Yu's side, which has always been his choice.

'I know your attitude.'

'You will have to bear some pressure for a while.'

'Although there are troubles in the UK, they cannot touch your position as Governor until the last moment. I am not a pushover.'

'Even if the worst comes to the worst, just work with me. I can guarantee that you will become a billionaire, not to mention other things.'

'By the way, the unit is not Hong Kong dollars, but British pounds.'

Su Xingjian had expressed his loyalty, and Xia Yu naturally did not ignore it. He took a sip of tea and said to the latter with a smile.

Sure enough.

Upon hearing Xia Yu's words, Su Xingjian's fatigue disappeared in an instant, and a bright smile appeared on his face.

He did not doubt Xia Yu's words, because with Xia Yu's strength, he believed Xia Yu could do it.

Moreover, after so many years of contact, he also understood Xia Yu's character!

With a family fortune of hundreds of millions of pounds, he dares to charge ahead without any fear of risk.

'Thank you, Mr Xia.'

'After hearing you say that, I suddenly have an urge to hope that I will be relieved of my duties.'

Su Xingjian said with emotion after thanking Xia Yu.

'Haha...'

Xia Yu couldn't help but shake his head and laugh.