What do you mean by quitting the business? I'm not a big shot.

Chapter 575 Saving the Market!

On Saturday, the herding effect was already evident in the international market, with most stock investors feeling anxious. Many trading companies and institutions had already prepared sell orders, just waiting to unload their shares on Monday.

They didn't understand the reasons for the stock market crash at all. Faced with unknown risks and lacking support, they had no choice but to cut their losses to survive.

When the managers of Chung Yee Fund saw the disaster that broke out on Wall Street after the market closed, they were terrified, but they couldn't help but feel respect for the company's leaders.

At noon, at Chao Yi Restaurant, Yin Zhaotang was playing mahjong in the attic with Zuo Shou, A Le, and Dan Ta.

Gao Laosen, dressed in a blue robe, hurried upstairs carrying two boxes of pastries. With a fawning expression, he approached the table and said loudly, "Ah Tang, Ah Le, look what good things I brought."

Ah Lok turned his head and looked at the cards in his hand, saying, "Uncle Sen, it's the wife cake from Yuen Long Bakery!"

"Yes."

"I queued all morning to bring you something to try." Gao Laosen stood in front of the fan, taking big gulps of tea, his forehead covered in fine sweat.

Yin Zhaotang, arranging the cards, said, "Uncle Sen, what's the matter? Just say it."

"At such an advanced age, he was just putting on an act. He died of heatstroke, and Ah-Du was desperately trying to get me to work hard."

Gao Laosen looked embarrassed: "How could that be? But there's something I need to discuss—the stock market next Monday."

Yin Zhaotang played a card, glanced at it, and laughed, "It's over. The Hang Seng Index will drop by at least 10%."

"The Hang Seng Index has dropped by 10%?" Gao Laosen's eyes widened, and he could no longer stand still. He walked closer and said, "Ah Tang, it was you who told me to switch from Japanese stocks to Hong Kong stocks. Something has happened to Hong Kong stocks."

Yin Zhaotang glared at him, but before he could say anything more, Gao Laosen realized he had said the wrong thing. He stood in front of the table and pleaded, "Ah Tang, many of my uncles bought stocks with me. If the Hang Seng Index drops by 10%, how many stocks will hit the daily limit down?"

Yin Zhaotang sneered and lowered his head to play cards.

"Haven't you always been watching the company's fund holding strategy and buying in line with it? What, the fund is selling, and you're unwilling to sell, so you come to me for help!"

"Uncle Sen, I respect you very much, don't cause trouble."

Gao Laosen stamped his foot and sighed, "Alas, it's all my fault for being so foolish."

Seeing his pitiful state, Yin Zhaotang said indifferently, "Forget it, just let me tell you, the Hang Seng Index will drop by at least 30% within six months, but don't worry, hold on for a year, and you can at least break even."

"By the way, don't hold onto junk stocks. The more bear market there is, the more you need to look at a company's performance."

When Gao Laosen heard that he could recoup his investment within a year, he immediately realized that there was a black swan event causing the short-term plunge, but that there was no financial crisis.

"Thank you so much, Ah Tang." He stepped forward to express his gratitude. Yin Zhaotang waved his hand and continued playing cards with his brothers.

After Gao Laosen walked out of the restaurant, he shook his sleeves and said excitedly, "I've never missed any of A Tang's inside information. Let's buy at the bottom at the end of the year and make a big profit!"

Having made a considerable amount of money in the stock market over the past few years, and still having funds in his account, he felt quite confident. Suddenly, Egg Tart, sitting at the same table, put down his mahjong, pulled out his mobile phone, and called his private stockbroker, saying, "Sell all my stocks on Monday, and buy them back in batches next month, focusing only on blue-chip stocks."

Yin Zhaotang added from the side: "Buy good Chinese-owned companies, and let the British-owned companies go to hell."

Egg Tart shouted, "Did you hear that? Only buy Chinese capital, tell British capital to die!" Ah Le looked at the big boss with a strange expression and muttered, "Big boss, you have connections on Wall Street, how did you get this kind of inside information?"

"His mouth looks like it's been blessed."

They all trusted the big boss's decisions because he had never made a mistake, but sometimes they wondered where he got his information from; he was truly a "god."

Yin Zhaotang remained silent, only pointing to the ceiling. Ah Le looked up at the lights, pondered for a moment, then suddenly realized what was happening, and continued playing cards with his head down.

After two rounds of cards, the four sat at the table, enjoying chrysanthemum tea and flatbread. Egg Tart, having nothing else to do in the afternoon, invited his brothers to watch the horse races.

With half a biscuit in his left hand, he rolled up his suit sleeve, glanced at his watch, and said, "The Chaoshan Chamber of Commerce has a major meeting this afternoon. I'll accompany the big boss there."

Sheung Wan, Des Voeux Road, Chiu Chow Association Building.

More than a hundred luxury cars filled the street, and a dozen or so Chao Yongyi brothers dressed in shorts stood guard on the side of the road. Whenever a member of the Chamber of Commerce parked, his underlings would immediately step forward to take away the traffic cones and help the Chamber of Commerce owner park his car.

Five parking spaces in front of the building's main entrance were empty. It wasn't until a blue Rolls-Royce Silver Spirit arrived, accompanied by four Bentleys, that the attendant, wearing straw sandals, immediately waved, ordered someone to take away the ice cream buckets, and stood on the sidewalk to bow and greet them.

Yin Zhaotang glanced at the few brave young men, nodded slightly, and then strode into the Chamber of Commerce with Zuo Shou and Niu Qiang. In the conference room on the second floor of the Chamber of Commerce, more than two hundred members were gathered together, a scene comparable to a general election.

Although the big bosses were chatting happily and maintained their composure, a hint of worry lingered between their brows, and the atmosphere in the room was rather tense.

There was no way around it; the Dow Jones Industrial Average plummeted, and international financial markets suffered a severe blow, seemingly signaling the looming arrival of a new financial storm.

Nobody knows what the outcome will be when the market opens on Monday.

Upon seeing Yin Zhaotang stride into the conference room, the members stopped talking and greeted him in unison. They all expected that Yin Zhaotang's sudden call for a meeting was to address changes in the financial market, but it was hard to expect someone with a background in organized crime to be able to handle matters in the financial market.

However, holding meetings, chanting slogans, and calling on everyone to unite are indeed things a Chaozhou Chamber of Commerce president should do. Members are all there just to exchange information. Since Yin Zhaotang took office, regardless of how outstanding he is, his actions have all been in line with the interests of the Chamber of Commerce.

Only a handful of people, including Liu Jianxiong and Tang Xueyuan, who consistently paid attention to the Zhongyi Foundation, understood the purpose of Yin Zhaotang's conference.

Huo Zhengting, representing Yin Sheng, distributed documents to the members. Only then did Yin Zhaotang, standing on the stage, pick up the microphone and announce, "The reason I called you all here today is actually for one thing—to save the market!"

"The reason for the Hang Seng Index’s sharp drop is unclear, but the cause of the turmoil in the international financial markets has been clarified. It was the massive sell-off by computer programs on Wall Street that triggered a herding effect, making the whole world think there was a financial crisis, and then the financial crisis happened."

"If you have any questions, you can turn to the last page, where you can find the holdings report of Chung Yi Fund for the previous two months."

Although Chung Yee Fund's holdings report cannot verify the reason for the stock market crash, it can prove that Chung Yee Fund has insider channels and knows that someone is shorting the Hang Seng Index. Therefore, the unexpected "sell-off storm" becomes credible.

Everyone lowered their heads to flip through the pages, whispering amongst themselves, their expressions quite interesting. Even Liu Jianxiong was so frightened that his hands and feet went weak.

With access to Wall Street insider information, Yin Sheng was on a completely different level from them! Moreover, the financial storm caused by algorithmic trading was unheard of, yet it seemed perfectly reasonable and unsettling.

Holding the microphone, Yin Zhaotang looked at the expressions of the business owners and said, "This could be an opportunity for us, but it could also be a significant risk."

"I believe that by the time you receive this report, the Western authorities will also have it. Do you think they will offer assistance, or will they take advantage of the situation?"

(End of this chapter)