Chapter 531 Decisive battle, Hu Yang’s backup plan

"Lao Yu, it's not a question of whether I want to support the market or not. The truth is, we can't do it."

Hu Yang smiled, dispelling the last trace of fantasy in Yu Hongbo's heart.

In fact, Yu Hongbo himself knew that the boss had transferred all the US dollars and Hong Kong dollars to China and converted them into RMB.

What's more, he knows that the boss is not telling lies. Even if he has 100 billion Hong Kong dollars in capital, he can't stop this round of plummeting.

We had lunch at the small restaurant on the top floor at noon. As soon as the market opened in the afternoon, several listed companies under the Huijia Group announced a temporary suspension of trading.

Without exception, they clarified many rumors and stated that their company's fundamentals were stable, operating well, and that there was no information that should be disclosed but was not disclosed.

An hour later, these companies that resumed trading became the hardest hit areas. By the close of the market, the stock prices of these companies had dropped by an average of almost 25%.

"Mr. Hu, it's not easy to handle now. If there is no big capital to support the market, the stock prices of our companies will continue to fall along the inertia, and maybe there will be an accelerated process."

Yu Hongbo already has a deep sense of powerlessness. This kind of large-scale short-selling behavior is the most difficult to prevent. The current market has formed a panic effect, and holders of the stocks of these companies are gradually joining the ranks of short-selling.

.

This is the trend. The downward trend has already formed. Theoretically speaking, there is no way to recover.

Unless a super institution enters the market and uses its strong financial advantage to resolve this trend, the decline will continue.

In the following days, the stock of the company that fell the most was Shenhai Tengfei, which fell to around HK$2, with the lowest price being HK$2.09.

After Shenzhen Tengfei was listed, its stock price has been very sluggish, hovering between HK$3 and HK$4 for a long time. Some time ago, its stock price finally broke through HK$6. Unexpectedly, this drop hit a new historical low.

"Lao Yu, look at what the stock prices of our listed companies in Xiangjiang are like? What is this called? This means that the stock prices have been seriously undervalued.

I remember that the company’s senior executives and middle-level managers raised funds to establish an investment company to hold some of the outstanding shares of Shenzhen Tengfei.

Now you ask everyone, do you still have the intention to invest more funds? If everyone is willing, you can pool the funds and buy them into Shenzhen Tengfei stocks. Well, this time there is no limit on personal identity, as long as it is our official

Just employees.”

Hu Yang's idea is not to support the market. Even if the entire Huijia department employees participate in fundraising, how much money can be collected?

He wants to provide benefits to his employees, and everyone should have a share.

Yu Hongbo nodded and said, "Okay, boss, I'll do it right away. However, this work is very tedious. I personally plus two fund and securities departments are still too busy."

"I will immediately ask Assistant Wu to call the person in charge of each company, and then conduct statistics and fund raising on each company as a unit. Finally, each company will pool the funds to you, and things will be easier to handle."

Hu Yang immediately called Wu Xinhui in and asked her to issue emergency notices to various companies in the Huijia department.

At the same time, he also emphasized that fund-raising is completely voluntary and has nothing to do with the company's interests. No one is allowed to force employees to raise funds, otherwise they will be severely punished if discovered.

Wu Xinhui, Yu Hongbo and others immediately started to get busy.

Hu Yang only gave them three days. They could collect as much money as they could within three days, and they would not wait until the expiration date.

Three days later, Yu Hongbo had accurate figures in hand. Employees had raised a total of more than 2 billion yuan.

Hu Yang immediately called Liang Yu and asked him to transfer Hong Kong dollars equivalent to 2 billion RMB from Hi-tech Venture Capital's account in Xiangjiang to the securities account of the investment company established by the employees.

Subsequently, Yu Hongbo’s 2 billion yuan of capital raised was returned to Hi-tech Venture Capital on the spot.

This is done to save time, and then the two units can sign a supplementary agreement.

In the past three days, Hu Yang was not idle either. He was making phone calls everywhere.

The first call he made was to Luo Guofu.

Luo Guofu definitely has the halo of pig's feet, and his career has been extremely smooth. He rose from the head of the credit department of a branch to the head office, and now he has been transferred from the provincial bank to the head office, where he serves as the deputy president.

"President Luo, the resources you have now are incredible. I have a fortune here. Would you like to introduce it to your connections?"

Hu Yang had no intention of going into battle personally from the beginning. On the one hand, he had financial strength, and on the other hand, he wanted to avoid some regulatory obstacles.

In Xiangjiang, there is a huge group of enterprises engaged in various business activities, that is, state-owned enterprises. Similarly, there are also a large number of state-owned enterprises listed on the Hong Kong Stock Exchange, and their stocks are called "red chips."

Hu Yang then targeted this group.

After Luo Guofu heard the introduction of Populus euphratica, he immediately smiled:

"Mr. Hu, you are still so smart. There is no problem with this matter. I will try my best to coordinate it, but I cannot guarantee the final result. It depends on each company's own ideas."

Luo Guofu did not hesitate at all. He was nothing more than a go-between. As for whether his clients were willing to invest real money in the companies listed in Xiangjiang under the Huijia Group, it was not up to him.

Hu Yang expressed his gratitude on the phone and said that he would have a good time with him the next time he went to the imperial capital.

After hanging up the phone, Hu Yang called the heads of dozens of companies including COFCO, Shenzhen Anping Insurance, Hongda Asset Management Company, Integrated Circuit Development Fund, Rainbow Electric Co., Ltd., etc.

After receiving a call from Hu Yang, the CEOs of every company (fund) were very polite and expressed their gratitude to Hu Yang for the investment opportunity.

However, no one talks about whether they will invest real money, because there is no need. This kind of thing can be tacitly understood, and there is no need to say it to death.

As soon as the market opened that day, the Huijia stocks continued to fall. Shenhai Tengfei instantly fell below HK$2 during the session. The stock prices of several other companies were also miserable.

Take Mingkang Communications, for example. After this day's decline, the stock price has fallen to more than 40 Hong Kong dollars. Compared with the peak of more than 400 Hong Kong dollars, it has fallen by 90%.

North America.

Kelson was sitting in his office, still working through the night.

His subordinates are reporting the results to him. The mysterious force behind the short selling of the Huijia Group this time is the Proton Fund behind him.

Kelson is solely responsible for this operation, and everything seems to be going well so far.

The results of the hearing will be officially announced the day after tomorrow, which means that the Proton Fund's short-selling operation will temporarily come to an end.

"Today you sell all the stocks in your hands and be sure to drive down the prices of these Huijia stocks to the bottom. I don't believe that Hu Yang's Huijia group has not collapsed yet.

The results of the hearing will come out the day after tomorrow. As far as I know, they do not agree to launch an investigation into Huijia International Investment on the issue of insider trading. Therefore, starting from the next trading day, we will cover our losses and gradually buy our shares.

Shorted stocks.”

The stocks sold through securities lending will eventually have to be repaid. This is the same as borrowing something from others and having to pay it back.

You sell the stock at a high price and cover it at a low price. The difference in price is your profit.

The Proton Fund represented by Kelson made a huge profit this time. If it weren't for the fact that he wanted to see whether the Huijia system would collapse, he would have carried out covering operations in the past few days.

Due to the time difference between North America and Hong Kong, the next trading day in Hong Kong just ended when the news of the hearing came out.

Kelson is ready to seize this twelve-hour time difference, because after the news is announced, the biggest disadvantages for these listed companies under the Huijia family will no longer exist. By then, their stock prices will definitely usher in retaliation.

A rebound would be very detrimental to his recovery plan.

Therefore, the next trading day is critical.

Following Kelson's order, the Proton Fund immediately sold the stocks in its hands regardless of cost.

The reaction on the market was that the stock prices of Shenzhen Tengfei, Xentong International, Mincom Communications and other companies suddenly showed a 90-degree plummet.

There is a proper term for this in the securities market, called "diving." It is very vivid, but the meaning behind it is very cruel.

When a certain stock falls, the most lethal time is not the beginning or the middle period of the decline, but the last period.

The decline in the last period will often show an extreme accelerated decline trend, which will make all investors tremble.

Just like now, Kelson's men sold all the stocks in their hands at the same time within a few minutes, causing an unparalleled panic in the market.

At this time, Hu Yang was sitting in Yu Hongbo's office and also saw the "diving" scene in front of him.

Yu Hongbo turned to look at Populus euphratica. Populus euphratica nodded and said, "Let's get started."

Yu Hongbo immediately called and said: "Start buying, regardless of the cost."

Of course, they are only responsible for operating the 2 billion yuan of funds raised. The target of the purchase is only the stock of a company called Shenhai Tengfei.

But as if by divine help, with Yu Hongbo's buying order, the share prices of CoreCom International and Mincom Communications quickly stopped falling.

The prices of these three stocks draw a typical "V" shape on the time-sharing trend chart. This actually represents a reversal trend, indicating that big funds have entered the market and started to rebound, regardless of the cost.

kind.

"Wow! Mr. Hu, big funds have entered the market. But we don't know whether it is long-term funds or short-term rebound funds. We don't know which channel of funds it is. So considerate!"

Yu Hongbo couldn't help but sit in front of the computer and exclaim loudly, because Hu Yang did not tell him in advance that there might be reinforcements.
Chapter completed!