On the weekend of August 2, Wang Zichuan was preparing to attend the Hutchison Whampoa shareholders' meeting held by Li Jiacheng, and in order to understand the relevant situation of the stock market crash, he specially brought Xiang Yuntian, the manager of the Xiaochuan Foundation.

When Wang Zichuan told Yuntian that he was going to Hutchison Whampoa headquarters for a meeting, the latter's surprised expression was very interesting.

"Mr. Wang, you mean to let me attend the Hutchison Whampoa shareholders' meeting?"

"What, surprised?"

Xiang Yuntian said excitedly: "I'm sorry, I lost my temper, Mr. Wang, you may not understand, Hutchison Whampoa is such a miracle in the eyes of our brokers, the market value is increasing by 20% every year, and there is no more profitable company in Hong Kong than him!" ”

Wang Zichuan asked with a smile: "Hutchison Whampoa is so profitable, do you think Li Jiacheng will come to a super rights issue?" ”

Xiang Yuntian thinks that Wang Zichuan is joking, Li Jiacheng is not short of money, why should he dilute his shares, the little money that he cashes out, he can earn it back in three or four years at most, who will sell the old hen that lays eggs in order to eat an egg.

Li Guoqiang was concentrating on driving, and he didn't understand what the boss Wang Zichuan was talking to Xiang Yuntian, but he had already heard of Li Jiacheng's name, and when he learned that Wang Zichuan went to attend the meeting held by Li Jiacheng, the whole person became energetic.

Wang Zichuan said quietly: "When did the latest stock market crash occur? ”

"Stock market crash?" Xiang Yuntian was confused, how could he ask about the stock market crash, although he knew that Wang Zichuan didn't know anything about the stock market, but he didn't understand why Wang Zichuan mentioned these two words.

"The most recent stock market crash occurred a few years ago, and Hong Kong's real estate fell to the bottom ......"

Wang Zichuan added: "I'm talking about a huge stock market crash. ”

The 1987 stock market crash Wang Zichuan only remembers a few news, one was that the board of directors of the Hong Kong Stock Exchange announced a four-day suspension of trading, and the other was that the stock market crash occurred on Friday, and the US stock market fell sharply on Monday.

Xiang Tianyun thought for a while and said with a smile: "That was the stock market crash in 1929, not long after the end of World War I, the world economy was developing rapidly. Especially in the United States, the newly inaugurated President Herbert Hoover promised: Let the American people have a chicken in the pot, hehe, but then the Great Depression ensued...... In order to divert the attention of the domestic people, Japan launched a war of aggression against China, and Hitler of Germany took advantage of the great loss of vitality of Britain and France to launch World War II. The Hang Seng Index is rising every day, and the citizens do not deposit the money they earn in the bank, but use it to speculate in stocks, so much money joins the stock market, I think the stock market can prosper for a few years. ”

Hearing the 1929 stock market crash, Wang Zichuan thought of some content in his mind, combined with Xiang Tianyun's words, and had a new view, the 1987 stock market crash was very similar to the 1929 stock market crash. First of all, both have experienced a long period of gains, and are already at their highs, and the trend in the months leading up to the crash is more similar, similar to the head and shoulders technical pattern, and the first decline is relatively small. Then the rally did not hit a new high, and the second decline was overwhelming, but the 87 crash was more of a catalyst than the strong speech of the US Treasury Secretary and computer program trading.

Whenever there is an economic crisis on Wall Street. The United States usually passes on crises abroad, and in 1987 the economy spread around the world, and one of the main reasons was the tough rhetoric of the US Treasury Secretary. The meaning of the speech is that if the Federal Republic of Germany does not put more money into the stock market, the United States will consider continuing to let the dollar fall.

In the late 1970s, it gradually became popular on Wall Street, program trading made large stock transactions and futures index transactions can be bought and sold at the same time, after the stock market crash, many people saw the price of computer programs falling, so they joined the selling of stocks according to the mechanism set in the program before, forming a vicious circle, which accelerated the decline of stock prices, and the falling stock prices made the program sell more stocks.

Wang Zichuan opened his eyes, he felt that he had touched the vein of the stock market crash, and asked further: "If there is a stock market crash, the shareholders will not lose money if they throw off the stock as soon as possible?" ”

Xiang Tianyun pondered for a moment and analyzed: "Theoretically, this is the case, but when the market declines, stop the loss, and the stockholders will sell the stock. Usually on that day, all the receivers disappear, the way portfolio insurance operates pushes the stock price down quickly, and portfolio insurance relies on almost unlimited liquidity, but liquidity is not always deposited, and the liquidity of funds sometimes dries up...... To put it simply, when everyone wants to sell, such an investment strategy is not feasible, too many investors use the same investment strategy, it will form a positive feedback process, accelerating the decline of the stock market, just like Mr. Wang's last investment in the yen, the yen rises, we go long to make a fortune, short people will lose money, and even go bankrupt. ”

Wang Zichuan was surprised: "Can the stock market crash also be shorted?" ”

Xiang Tianyun suddenly smiled and said: "Mr. Wang, aren't you kidding, who could have predicted the stock market crash?" Even if it is predicted, can it be accurate to a certain month and a certain day? The futures market is unpredictable, and sometimes unexpected situations occur, and no one will pin their hopes on speculation. ”

"Huh...... Maybe. ”

Wang Zichuan smiled, took out a 1987 calendar from his bag, and carefully analyzed, it is now August, since Li Jiacheng has joined the gambling game, the result must have won, otherwise there will be no future business empire, according to this time calculation, the stock market crash must have occurred after September, because Li Jiacheng plans to implement it in late September.

When the allotment plan was implemented, it encountered a stock market crash!

"That's right! That's it! Wang Zichuan crossed out December and hesitated in November, he didn't know Li Jiacheng's specific plan, the stock market crash could be in September, or in October, or in November, but according to the time calculation, October is the most likely.

Xiang Tianyun saw Wang Zichuan writing and drawing on the calendar, and the date in August was crossed out, and half of it was crossed out in September...... Xiang Tianyun lost interest after looking at it for a while, like a primary school student graffiti.

Wang Zichuan looked at his masterpiece with satisfaction, the time of the stock market crash was shortened by himself in just 25 days, there were only so many days last Friday, this time I must talk to Li Jiacheng, maybe it can be further ruled out, hehe...... Li Jiacheng didn't know the date of the stock market crash, but I knew that I could not only transfer the risk, but also make another profit in the stock market.

Xiang Tianyun hesitated: "Mr. Wang, who are you?" ”

"You're good!" Wang Zichuan patted Xiang Tianyun on the shoulder approvingly, if he wants to make a profit in the stock market crash, he has to rely on such talents, one life and two times.

Monk Xiang Tianyun was puzzled, and said in his heart, what did I say, or what did I do, what did Mr. Wang satisfy? It's weird, how I don't know!

After a while, Wang Zichuan asked, "How much liquidity does Xiaochuan Fund currently have?" ”

Xiang Tianyun blurted out: "About fifty million dollars." ”

"I'll give you a month, how much money can you raise?"

"Mr. Wang, are you making a big move again?" Xiang Tianyun was very excited in his heart, he finally waited for this opportunity!

Wang Zichuan smiled and groaned: "So to speak. ”

Xiang Tianyun pursed his lips and thought for half a minute, and said nervously: "Give me 38 days, and I can raise 100 million US dollars!" ”

"Too little!" Wang Zichuan was a little disappointed, he knew very well that when the stock market was rising, it was very dangerous to go short, and a margin was required, if there was not enough margin, it was very likely that the market would be cleared before the stock market crash, and the joke would be big.

Xiang Tianyun explained: "Mr. Wang, the registration time of Xiaochuan Fund is too short, there is no decent record, 100 million US dollars, and it depends on increasing profits. Tempting a few customers to increase their investment, if Mr. Wang can clearly give a percentage, I can ......"

"No need, 100 million is acceptable." Wang Zichuan refused to mention to Tianyun, taking advantage of the stock market crash to make a fortune, if you don't do it, it will provoke public anger, Hong Kong is money first, and other places are not so easy to talk about.

Xiang Tianyun said tentatively: "Mr. Wang, how big is the scale of this investment?" ”

Wang Zichuan sighed: "I still have 500 million US dollars in the United States, by the way, there are still some company stocks, you can help me deal with it, it is best to throw them all out before a month." ”

Throw it out? Xiang Tianyun instantly guessed what Wang Zichuan was going to do, and said in surprise: "Mr. Wang, you bet on the stock market to fall!" ”

Wang Zichuan was even more surprised: "You only understand now?" ”

Xiang Tianyun said urgently: "Mr. Wang, you are thinking about it, how can the stock market fall?" And to be short, this is not to throw money into the sea! The stakes are too great, and there is basically no chance of winning! ”

Wang Zichuan's expression turned pale, and he sneered: "You don't have to think about winning or losing, you just need to do what I say, ok?" ”

Xiang Tianyun also planned to take advantage of the east wind to make a fortune, but he didn't expect Wang Zichuan to dig a big hole and jump into it by himself, this is incredible, Wang Zichuan has always been a shrewd and cunning investor in his heart.

"Mr. Wang, as a manager, I hope you will think about it carefully."

Wang Zichuan said impatiently: "I've already thought about it, if you don't do it, you can leave!" ”

"Mr. Wang, I'm ...... I didn't mean that, well, you're the employer, and it's up to you to do it. Xiang Tianyun's expression was wooden, and Wang Zichuan's sworn appearance made him begin to doubt, is there really a stock market crash?

"Cuong, why did you stop?"

"Mr. Wang, Emma Mansion has arrived...... Parking spaces are full. ”

Wang Zichuan instructed: "Turn left and park your car in parking space No. 2." ”

"Okay!" (To be continued......)