The next day, He Zhengcheng arrived at Chao Yang's studio, where only Chao Yang was present. After a brief chat, He Zhengcheng found a computer, logged into his father's account, and waited for the market to open.
"Brother Yang, are you also shorting the Hang Seng Index?" He Zhengcheng asked him.
"Yes, a portion of our funds is shorting the Hang Seng Index," Chao Yang replied.
"Are there still many people in the Hong Kong Stock Market trying to bottom-fish and go long?" He Zhengcheng asked.
"Quite a few. Some people believe Soros won't attack the Hong Kong Stock Market," Chao Yang said.
"No way, isn't Soros's multi-dimensional attack very obvious now?" He Zhengcheng countered.
A multi-dimensional attack refers to simultaneously attacking the stock market, foreign exchange market, and futures market. This method of attack is quite vicious. If someone had done this to the United States during the 2008 financial crisis, they would have made a lot of money. However, after that, they would probably have to flee for their lives.
Those who believe in free market economics cannot be called idiots; it's just that economists also have their own positions. As long as one believes in this theory, generally speaking, it will maximize the interests of the United States.
Of course, the globalization under the banner of free market economics turning Daxia Country into the world's factory was an accident, truly just an accident... "There are always people holding onto illusions, and do you think, under such market conditions, those with huge stock holdings can escape?" Chao Yang asked.
"Do you still have stocks that haven't been sold?" He Zhengcheng inquired.
"People like us don't have much money," Chao Yang responded.
"Oh!" He Zhengcheng didn't press further, wondering if they had sold or not. It seemed asking a trader about his holdings was as difficult as asking a man how much money he had.
As for major shareholders being unable to sell their shares during a financial crisis, isn't that a normal situation? He wasn't a novice who thought a person's net worth equaled their cash on hand.
Stock prices are very illusory. There was a small Daxia Country company listed on NASDAQ. Once, a trader made a mistake, possibly entering the fund amount instead of the price when buying shares. As a result, 700 shares of this company (Hyle Education Group) were traded at a price of $199,999 per share, making it the highest market capitalization company in the world, reaching $5.4 trillion.
How awesome, 5 times more awesome than Apple. The boss of this company's net worth instantly surpassed a hundred Bill Gates. It's unknown if history will record this wealthiest global richest person ever.
The only pity was that this entire legend of mir lasted only eight minutes... Many times, for sensationalism, the media uses exaggerated language, saying things like the Hang Seng Index falling 100 points means so much wealth evaporated, or the Shanghai Composite Index rising means so much A-share wealth increased, and many people believe it.
The truth is cruel; for most people, it's just a numbers game. The most direct functions of the stock market are financing, asset valuation, transfer, and cashing out.
So, for capitalists, mergers, acquisitions, and reorganizations through the stock market might have the lowest overall cost. As for other retail investors and friends, don't think too much.
Enough of that. The Hong Kong Stock Market opened, the Hang Seng Index opened lower at 8160 points, rebounded to 8170 points, failed to break higher, then fell, and continued to fall... He Zhengcheng felt as if he had only been sitting in front of the computer for a few minutes before he stood up.
"Today, it will most likely fall below 8000 points. There are still more than ten days until 7000 points. I wonder if there's a speed-up card..." He Zhengcheng grumbled. From holding positions last Friday until now, he hadn't done anything, and one account alone had earned 200,000. How could he not be happy...
It wasn't until past ten o'clock that Lv Lang leisurely arrived. He Zhengcheng had already set up a computer for him, copied out the draft he had typed last night, and made some modifications. While he was reading the article, Ji Jiasheng and Xu Xin also came over. Today was a workday, so it seemed they had all resigned.
"Is this what you wrote?" Lv Lang said with a dismissive tone.
"What's wrong, is there a problem? It's my first time writing an article on finance and economics, please bear with me if there are any issues!" He Zhengcheng said humbly. It seemed not a big deal to lose face in an area he wasn't good at. Oh, no, in their eyes, wasn't this what he was good at... This is bad!
"You guys take a look, I won't say much more," Lv Lang said.
"Let me see..." Xu Xin walked over, quickly scanned it, and found it consistent with the views from the day before yesterday, with no changes.
"His point of view makes a lot of sense!" Xu Xin stood up, and Ji Jiasheng continued reading.
"What sense? It makes no sense at all; there are logical errors," Lv Lang argued.
"Is it that exaggerated?" He Zhengcheng, although he wrote it like a novel, thought there shouldn't be any major problems.
Xu Xin leaned in again to scrutinize it.
"It seems a bit different from the day before yesterday!" Xu Xin observed.
"The risks of Long-Term Capital Management, those who understand will know what's going on—it's nothing more than excessive leverage and a black swan event.
There's no need to explain to those who don't understand, as long as there are no fundamental logical flaws, just make them believe that this matter will affect the United States' financial market, which is over a trillion dollars in scale.
As for the rest, is it important? The next step is to find experts and professors to write an academic article, and wait for the right moment to release the news through the media.
Whether you are seeking fame or genuinely wish to contribute to the Hong Kong financial market, this is already enough," He Zhengcheng said. He believed he had done a good deed, but was inexplicably disliked without even a hint of anger. How could that be right?
"Hmm! You're right," Chao Yang nodded in agreement.
"This article is excellent despite minor flaws. Lv Lang, please revise it and fill in the gaps," Xu Xin instructed.
"I'll go to the University of Hong Kong to find Professor *** and see if I can contact a well-known professor in the United States," Ji Jiasheng offered.
"Lv Lang and I will revise the article together. One version will be for our company's founding research report, and the other will be used for media promotion!" Yu Dehui said after finishing reading.
"Good! Then let He Zhengcheng join our team. Does anyone still have objections now?" Ji Jiasheng suddenly interjected.
"I agree!" Xu Xin said.
"I agree!" Chao Yang said.
"I agree!" Yu Dehui said.
"..." Lv Lang seemed to still be hesitating. Everyone was looking at him at this point.
"I agree too!" Lv Lang finally said.
"Can I know what this means?" He Zhengcheng asked. An inexplicable surge of emotion rose within him, as if all of this had nothing to do with him, as if Ji Jiasheng and the others inviting him to join was already a great honor.
"I think you've guessed some of it. With Peregrine's collapse, some of us didn't want to continue working at the new company. Some went to other companies through connections, while others wanted to start their own businesses. The few of us had been hesitating.
Until you appeared. Your confidence and courage, through these few exchanges, ignited our passion for entrepreneurship.
So, we unanimously decided to start a business and invite you to join our partner team," Ji Jiasheng explained.
Damn, why did it sound so good? He was about to get angry and walk away, thinking, 'I won't be someone else's subordinate,' but then, listening to the end, he was actually a little moved.
Oh dear, why am I hesitating!