"Relative to the huge funding gap, everyone should understand that the futures exchange itself is completely unable to cope with this large-scale financial turmoil," Li Fuzhao said, "and we imagine that if the futures market crashes, then the futures broker will sell a large number of shares to cash out, which will cause a further decline in the stock market and the collapse of the entire Hong Kong finance, so after comprehensive measurement, we finally decided that most of the funds will be invested in the futures market." ”

After listening to Li Fuzhao's words, the reporters who understood the economy and had corresponding financial knowledge all nodded secretly: From this point of view, there is no problem with the actions of the Hong Kong Island Stock Exchange and the Hong Kong Island Financial Secretary.

"In the previous week, because the financial turmoil swept the global stock market, a large number of investors sold stocks, and a large number of funds fled to the bond market to seek safety, which directly caused bond prices to soar, but the yield fell sharply, and the stock market had an embarrassing shortage of funds, so here I will tell you a good news, in order to stimulate the stock market," Li Fuzhao continued: "After a while, the Hong Kong Island Association of Banks, Hong Kong Island HSBC, and Hong Kong Island Standard Chartered Bank will announce that from tomorrow, That is, from October 26, the bank rate will be lowered from the current 8.5% to 7.5%. ”

Bank interest rate cuts?

Li Fuzhao, on behalf of the Hong Kong Island Bank Union, Standard Chartered Bank and HSBC, revealed the news in advance, which made the reporters present and even the investors in front of the live TV signal all refreshed their spirits: With the government's bailout loan and the bank's interest rate stimulus policy, it seems that the Hong Kong Island stock market is almost saved, but it would be better if there was a little more stimulus signal from the industrial field......

Say Cao Cao, Cao Cao will arrive!

"In addition," Li Fuzhao continued, "the Hong Kong Island government, Hong Kong Island securities market, futures market and stock market have also actively approached outstanding entrepreneurs on Hong Kong Island to seek a way to save the market, and with our efforts, Hong Kong-loving businessman Li Jiacheng has also obtained the permission of the government to spend 1 billion yuan to repurchase the relevant shares of Changhe Group......

What the?

The Li family will spend 1 billion to buy back the group's shares?!

Before Li Fuzhao's words were finished, the Hong Kong Island media at the scene immediately exploded!

The current Li Jiacheng and his Cheung Kong are not the small bodies that were just listed more than ten years ago, and Li Ka-shing and Cheung Kong at this time are no longer comparable to when they were just listed in 1973. After years of mergers and acquisitions, the most important thing is that the Li family, which is supported by the British, and their family's Cheung Kong Industrial, have now become one of the iconic companies that can influence the market.

Previously, there were media reports that a month before the outbreak of the stock market crash, Li Jiacheng had anticipated the risk and announced the largest fundraising plan in the history of Cheung Kong Group, with Cheung Kong Industrial, Hutchison Whampoa, Cargo Services International, Hong Kong Electric and so on extracting a huge amount of 10.3 billion yuan from the market.

The outbreak of the stock market crash a month later is enough to prove that Li Jiacheng's vision is sharp and unique, and the role of such a keen and unique entrepreneur promising to buy back shares is self-evident in enhancing market confidence and stabilizing market sentiment.

Now it seems that Hong Kong Island will stimulate the market in a three-pronged way of government loans, bank interest rate stimulus and capital predators, so that Hong Kong's stock market will definitely stop falling and rise, and the Hong Kong Island stock market will stop falling and rise, which will further have a positive stimulating effect on the global stock market......

Not only are Hong Kong Island reporters and media optimistic that under these triple stimulus measures, the Hong Kong Island stock market will definitely stop falling and rise, Ji Shengcheng also thinks so, he confidently said to Chen Geng: "Boss, in this way, the Hong Kong Island stock market will definitely stop falling and rise." ”

Chen Geng shook his head with a smile: "That's not necessarily. ”

“......”

Ji Shengcheng was stunned for a moment, he blinked, and then cautiously confirmed to Chen Geng: "Boss, what do you mean...... Are you not optimistic about the rescue measures taken by the Hong Kong Island government in conjunction with the Hong Kong stock market, foreign exchange market, industry and banking industry?"

In Ji Shengcheng's view, in the past, these bailout measures are enough to deal with a stock market crash casually, and now that the Hong Kong Island government is so cautious and goes all out, can it not let the Hong Kong Island stock market stop falling and rebound? !

If these words were said by someone else, Ji Shengcheng would definitely spit on him in the face, but these words were said by his own boss, and the experience of being slapped in the face by his boss again and again made Ji Shengcheng subconsciously begin to doubt himself: Could it be that he missed something?

"Everyone underestimated the impact of this stock market crash," Chen Geng said, "or rather, everyone far underestimated the size of the bubble and moisture in their stock market." ”

Ji Shengcheng didn't believe it a little, but the experience of being slapped in the face many times made him learn to be obedient: I'll take a look first.

Today is the morning of October 25th, and there is a whole day on Hong Kong Island for the market and the people to digest and absorb this information.

..................

The truth is, it really doesn't work at all.

On October 26, after four days of suspension, the Hong Kong Island stock market finally reopened, and in the expectation of countless reporters, the Hong Kong Island government and the Hong Kong Island Joint Stock Exchange Committee, at the moment of opening, countless investment companies and funds seemed to have discussed and were doing one thing: sell!

Everyone is desperately trying to sell their shares, and on the contrary, there are very few buyers who are willing to take over.

On the one hand, there were countless selling orders, and on the other hand, there was no one to take over, so that the backlog of selling orders in investment companies and funds for many days broke out on this day, and only 15 minutes after the market opened, the Hong Kong Island Hang Seng Index fell by more than 650 points, shocking countless people's jaws and eyeballs.

After a short period of astonishment and disbelief, retail investors and small and medium-sized investors who originally thought that the stock market would rise after the opening of the market today are even more afraid: even those giants and predators have begun to desperately cut their flesh and withdraw, are we still here to continue to be fools?

Fifteen minutes later, retail investors and small and medium-sized investors also began to sell.

As a result, by the time the market closed at noon, the Hang Seng Index had fallen by 845 points, and the entire market was in the green.

The world's major stock markets, as well as investors and governments who are paying attention to the Hong Kong stock market, are all dumbfounded!

Ji Shengcheng was also dumbfounded, he had even begun to doubt his life when the Hong Kong Island stock market fell, and kept muttering: "How can this be? How can this be? It shouldn't be, it shouldn't be......"

yes, how can that be? shouldn't be......

This idea has become the voice of all the investors around the world who pay attention to Hong Kong Island and the Hong Kong stock market, they scratch their heads, almost pull their hair and can't understand why this is happening, obviously such as providing government loans, lowering bank interest rates, and industrialists to fund the bailout of the market, these methods have been adopted by the US government and even the governments of nine European countries a few days ago, and they have also had good results, why is it completely unfeasible when they arrive on Hong Kong Island?

I don't understand!

I don't understand it at all!

It doesn't matter if you don't understand, the Hong Kong Island stock market in the afternoon told them not to fight against the laws of the market at any time, otherwise they will definitely die a miserable death.

How miserable is it?

After falling 845 points in the morning, the Hong Kong Island Hang Seng Index fell nearly 1,300 points again in the afternoon, and closed with a plunge of 2,241 points throughout the day, a drop of as much as 33%!

And because there are too many orders, the market has no way to take orders, and no one is willing to take orders.

Affected by the collapse of Hong Kong stocks, the Dongying Nikkei Index fell by 1,096 points, down as much as 4.75%, and the stock markets of France, Switzerland and the Frankfurt Index of the Federal Republic of Germany also fell by 7.0%, 10.0% and 10.1% respectively.

When the news of these crashes was summed up, coupled with the impact of various factors such as the depreciation of the dollar, the Dow Jones Industrial Index, which opened on the 26th, fell 156.63 points again to 1793.93 points, a decrease of 8.03%!

The whole world was in mourning, and that night, some media said bitterly that after last week's "Black Monday", we ushered in the second "Black Monday".

........................

Although he made money, and he made a lot of money, Ji Shengcheng was not happy at all, he looked at the picture of the stagnant U.S. stock market with dull eyes, his hands kept trembling, and he kept muttering: "How can this be? Why is this happening?"

He couldn't understand why the world's major stock markets still fell so miserably, even though the US Government, the governments of the nine European countries, the Dongying Government, and the Hong Kong Island Government had all taken strong and package rescue measures? Why did the knowledge of finance and economics that he knew and the situation he was currently encountering completely incompatible and could not be explained at all?

Not only is Ji Shengcheng's hands trembling and his eyes glazed, but the reactions of these traders invited by Chen Geng at a high price are actually not half a point different from Ji Shengcheng, and the reason for their reactions is also unprecedentedly consistent: the knowledge they have learned and mastered about finance and economics cannot explain everything they have encountered and seen now.

For them, as long as their knowledge system can explain all this, the ups and downs of the market, or even the wild ups and downs are not terrible, but if their knowledge and theories cannot make a reliable explanation for all this in front of them, then the situation is more serious than the sky falling: they have to rely on these things to eat, so doesn't it mean that their jobs are not guaranteed at any time?

It doesn't get any worse than this.

"Don't think too much," Chen Geng patted Ji Shengcheng on the shoulder, and at the same time raised his voice to attract the attention of those dull-eyed traders: "Gentlemen, forget what you have learned, you all remember one thing for me now, the current reaction of the stock market is that the market itself is in the process of detoxification and squeezing water, and what you have learned in the past is all knowledge of how to inject water into the market, so ......"

He suddenly raised his voice too high, and said loudly: "Take advantage of this once-in-a-decade opportunity, let's work hard to make more money!"