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

Chapter 576 Saving China and Resisting Foreigners
A stir ran through the crowd. Liu Jianxiong rubbed the ash out of his cigarette with his thumb and shouted, "No doubt about it, the foreigners will definitely take advantage of the chaos!"

Vice President Chen Weinan spoke with a solemn expression: "In recent years, Chinese capital has overshadowed British capital. A large number of foreign firms have either withdrawn from Hong Kong or been acquired by Chinese capital. The authorities have long intended to reorganize the capital market and suppress the influence of Chinese capital."

Tang Xueyuan sneered: "Without collecting taxes from Hong Kong Island, the British economy has slowed down. I don't believe the foreigners would be so kind as to bail out the market."

Yin Zhaotang nodded in satisfaction: "You all know the foreigners very well, so the risk of this stock market crash lies with the foreigners, and so does the opportunity."

“Those who are not of our kind will surely have different hearts. It’s normal for foreigners to want to suppress us, but we can also take this opportunity to bite back. If we can take advantage of the stock market crash to acquire a major trading company, we can create a Chinese-owned business structure.”

Liu Jianxiong squinted and called out, "Mr. Yin, what's your plan? Tell me!"

This is one of the advantages of becoming the president of the Chaoshan Chamber of Commerce: at critical moments, you can unite the strength of all members of the Chaoshan Chamber of Commerce to strike a powerful blow in the capital market.

Although most of the time the members of the Chamber of Commerce work independently, when faced with a major upheaval affecting the entire market, they unite as one, work together, and put their efforts into one.

It is no longer related to personal grudges or gains and losses.

It is the spirit that Teochew merchants have etched into their bones through their arduous entrepreneurial journey and bloody struggles!
Even though many big bosses harbored reservations about Yin Zhaotang, when Chairman Yin stepped forward and made a call to action, everyone put aside their thoughts and responded enthusiastically.

Because everyone here holds a large number of Hong Kong stocks, many of whom own listed companies, and their entire fortune and life depend on the Hong Kong market.

After a stock market crash, countless people go bankrupt and jump off buildings. Only by uniting to survive can we hope to escape the storm and even make a remarkable comeback.

The reason why Chinese people have been able to establish themselves in Hong Kong and gradually regain their rightful social status is precisely because they have faced challenges head-on and seized opportunities in every crisis.

Seeing the members' unanimous response, Yin Zhaotang's confidence soared, and he announced the plan to the public: "It's very simple. Before the market opens on Monday, everyone should prepare a buyback plan, announce it to the public at the beginning, and take out funds to quickly buy back company shares!"

"Don't worry about the overall market; first, boost investors' confidence in Chinese-owned companies. If you have the resources, then buy shares in some good companies."

"The first step is to save Chinese capital and the shareholders of companies that have invested in Chinese capital."

Hong Kong stock market investors have historically been superstitious about foreign firms, buying more foreign-owned listed companies than Chinese-owned listed companies. Apart from a few leading companies, the share prices of other Chinese-owned companies are generally lower.

Acquiring shares is a common practice in the financial market, demonstrating that a company is performing well and has ample cash flow, thus helping shareholders to recover their losses.

Liu Jianxiong thought it was great and even clapped and cheered: "Mr. Yin's method is OK, it saves Chinese capital and does not disappoint shareholders!"

"Once the stock market crash ends, foreign firms will suffer greater losses than Chinese firms. As a result, more and more investors will invest in Chinese companies, and their stock prices will recover faster than those of foreign firms."

"Everyone will have their chance."

Tang Xueyuan, Chen Weinan, and others nodded slightly. The reasoning was very simple and easy to understand. With the support of the "stock market sniper," no one had any doubts.

"I agree."

"I think it's OK too."

"Do as Mr. Yin said, everyone should take out their money, first buy back the stocks, and then help each other save the market."

Yin Zhaotang nodded, feeling that it was easy for a truly intelligent person to explain things. He then said, "The second step is to sell off foreign trading companies at the opening bell, pooling their resources to dump shares in the opposite direction, creating a strong panic among retail investors towards foreign capital."

"After the stampede sell-off, the foreigners are busy saving themselves and don't have the energy to attack us. We'll wait until the bottom appears and then buy up foreign trading companies." "We'll concentrate the power of the Chamber of Commerce, buy up the trading companies, exchange shares, and then launch a merger and acquisition."

Liu Jianxiong frowned slightly but did not speak immediately.

Because the first step is relatively conservative. Regardless of the cause of the stock market crash, collective self-rescue is always a good thing. The second step, however, is extremely aggressive. If the source of information is problematic, the bottom will be bought at the bottom, or even if the stock market crash does not occur, everyone will suffer losses. Moreover, the total losses of the entire chamber of commerce will not be just one or two hundred million, but at least tens of billions of Hong Kong dollars!
If the deal goes through, it will indeed be able to acquire several major trading companies, allowing Chinese capital to completely overwhelm British capital.

Chen Weinan's concern was not about the risks, but rather the lack of strength among the Chaozhou merchants. He suggested, "Mr. Yin, with just the cash on hand, it's difficult to save yourself. If you want to acquire a foreign firm, you'll probably have to find people from the Far East Association, the Gold and Silver Association, and the Kowloon Association."

"Regarding the foreign firm's stocks, they hold a large quantity. If they don't sell them, there will be serious problems."

After pondering for a moment, Tang Xueyuan said, "I have some connections with Kong Sheng, the person in charge of the Gold and Silver Association, and I can help with the arrangements."

Liao Kelie also volunteered: "I have a long-standing friendship with Mr. Chen, so persuading him shouldn't be a problem."

Yin Zhaotang nodded and looked at Chen Weinan: "Mr. Chen, I'll leave the liaison with the other chambers of commerce to you. You're a business magnate, senior, and the vice president of the chamber of commerce, so you have more influence than I do."

Chen Weinan said solemnly, "It is my duty!"

Yin Zhaotang's gaze shifted and landed on Liu Jianxiong. He directly called on him: "Mr. Liu, you have the best relationship with the Far East Association. Take me to see Uncle Qing. What do you say, Uncle Zhao?"

Liu Jianxiong looked embarrassed and secretly groaned, but he had no choice but to agree: "No problem."

The three Chinese stock exchanges were initially established with the goal of breaking the British financial monopoly. It seems that when discussing the impending stock market crash, Uncle Qing and Uncle Zhao were able to set aside their prejudices.

Even though Yin Zhaotang himself was unaware that he was being targeted by the Far East Association, Liu Jianxiong still felt there was no problem and that he should give it a try, even if it was just for the sake of the stocks he held.

One Chaoshan Chamber of Commerce can hardly change the entire market, but in times of crisis, someone is needed to take the lead. If one person steps forward, ten, or even a hundred, will follow.

Once one chamber of commerce steps forward, the Wuyi Chamber of Commerce, the Guangfu Chamber of Commerce, the Hakka Chamber of Commerce, and other chambers of commerce all concentrate their efforts to participate in the market rescue.

Similar things have happened too many times before, and everyone is confident that we will overcome this difficulty once again.

Yin Zhaotang took a glass of red wine, raised it high on the stage, and said, "Gentlemen, the market opens on Monday. Let's save China and resist the foreigners! Cheers!"

Members, some holding glasses, others raising them, raised their arms and shouted, "Cheers!"

"Cheers!"

A group of business colleagues, young and old, of varying ages, raised their heads and drank their wine to the last drop.

After returning the wine glass, Yin Zhaotang didn't chat much, but gave Liu Jianxiong a look: "Get to work!"

With his left hand in hand, Huo Zhengting and his companion left the guild hall. The other business owners also left their seats. Whether they were raising funds to save the market or advocating for unity among Chinese businesses, everyone had plenty of things to do.

Liu Jianxiong was somewhat impressed by Yin Sheng's charisma and hurriedly followed, speaking with more respect in his words.

Watching him stride confidently and leave decisively, Chen Weinan nodded to himself, "That's the style of a leader from the Chaoshan business community!"

(End of this chapter)