What do you mean by quitting the business? I'm not a big shot.
Chapter 584 War begins
Chapter 584 War begins
At 4:00 PM, the Hang Seng Index closed at 3680 points, wiping out over HK$7 billion in losses in the capital market, leaving investors in despair. Many accounts heavily invested in British-owned stocks were wiped out in a single day, leading to bankruptcies for the account holders.
0002中华电力单日暴跌17%,0005汇丰暴跌23%,0019太古洋行下跌19%
Chinese-owned stocks, such as Wheelock, Cheung Kong, and Henderson Land, benefited from the active market intervention, and their declines did not exceed 15%.
Amidst a terrifying scene of widespread losses and plummeting stock prices, Chinese-funded stocks performed exceptionally well, significantly boosting investor confidence. A large portion of the funds liquidated from short positions flowed into Chinese-funded stocks.
During the stock market crash, members of various chambers of commerce and heads of Chinese-owned listed companies quietly breathed a sigh of relief.
Although the stock market crash is ongoing, even if there are no major risks in the global economic situation or land politics, investors will still tighten their belts and fear risks.
It will take at least three to five months to eliminate the impact of the stock market crash and restore stock prices. However, the initial drop will have a far-reaching impact; stocks that have experienced large drops will see further declines, while those that have experienced smaller drops will recover quickly.
The stock that recovers quickly after a stock market crash is a good stock.
This will naturally attract more investors.
It can be said that the most difficult hurdle for Chinese-owned businesses has been overcome. However, the owners of British-owned trading companies are now facing unprecedented hardship.
The Financial Secretary had clearly promised to use the stock market crash to suppress Chinese capital and give foreign firms an opportunity to acquire Chinese businesses. But when the crash actually happened, they realized they were the ones who were being attacked!
At noon, around 4 PM, after the Hong Kong stock market closed, the Dow Jones Industrial Average also began to plummet. In just ten minutes, it plunged 70 points. The terror of "Black Monday" left Hong Kong stock market investors feeling uneasy.
After Shi Zhanpeng finished reporting on the opening of the Dow Jones Industrial Average, Gao Laosen and the others breathed a sigh of relief. If the Dow Jones had remained stable or even fallen slightly, it wouldn't have been easy to unite the investors.
When the Hong Kong government starts to settle accounts, no one will stand up for them, and they will face a host of troubles.
Outside the tea room, the foundation's traders even erupted in cheers.
Gao Laosen said, "Ah Tang, congratulations. You've really earned prestige in the business world by leading the market rescue this time."
During the last election for the Chaoshan Chamber of Commerce, many people reluctantly accepted the presidency, but this time, the successful market recovery has benefited not only the Chaoshan Chamber of Commerce, but also the Wuyi Chamber of Commerce, the Guangfu Chamber of Commerce, the Hakka Chamber of Commerce, and the Overseas Chinese Chamber of Commerce.
They all owe Yin Zhaotang a favor. So-called reputation is about leading everyone to do the right thing time and time again, and being recognized and respected.
Yin Zhaotang was in a good mood, but he didn't get cocky in public. He humbly said, "It's all thanks to the brothers working together, the joint efforts of the Chamber of Commerce members, and Mr. Chen's Kowloon Club that we made the greatest contribution."
"All prestige should belong to Chen Sheng."
Chen Jinfen, who is over sixty years old, doesn't care about empty fame anymore. She laughed and said, "Without Mr. Yin taking the lead, the Kowloon Society alone wouldn't be able to save the market, let alone open it."
Ah Hu exclaimed, "If you ask me, Yin Sheng deserves the greatest credit!"
"That's right, Ah Tang came up with the market rescue plan, and she also contributed money, manpower, and effort. If she's not the number one contributor to the market rescue, then who is?"
"Could it be me, Yaoji?" Yaoji shook his head and said with a grin.
However, while Chen Jinfen herself wasn't seeking fame, the Kowloon Club was destined for great renown. Although the four clubs could no longer take orders independently after merging, the Kowloon Club's potential influence had increased significantly due to investor support, allowing them to leverage substantial funds and generate tangible profits. Not to mention, with the Hong Kong Stock Exchange Chairman Li Fuzhao supporting the market suspension, their position would be extremely precarious after the stock market crash. Gao Laosen suggested, "It's my treat. Let's all go to the Peninsula Hotel for dinner before heading back."
Everyone glanced at the time; it was almost lunchtime, and they all readily agreed. Before leaving, Yin Zhaotang called Shi Zhanpeng over and personally promised, "Tell the brothers that after this week's transactions are completed, everyone will receive a 10,000 yuan bonus. Tonight, order Sihai Restaurant to deliver a seafood feast to the company. After you finish eating, you can go home."
"It will arrive in an hour at the latest."
Shi Zhanpeng's face, covered in acne scars and shiny with oil, with stubble flying around his mouth, smiled and nodded: "Thank you, boss."
Xu Gang, hands on his hips, dressed in a suit, accompanied by ten bodyguards, as they took the elevator to the underground parking garage with the big boss. The recent battle with British capital has been fierce; even in the world of capital, some might engage in real business warfare.
Yin Zhaotang would definitely not let his guard down; his men would follow him 24 hours a day, with ten men on each shift. The other underworld bosses each had at least four or five bodyguards, with Four-Eyed Dragon having six, Ge Zhixiong twelve, Dapu Niu nine, and Tiger from the Big Circle Gang six.
When the group got into their cars in the underground parking garage, they were accompanied by a large entourage of bodyguards, numbering as many as sixty or seventy. The headlights of the cars flashed, and more than twenty luxury cars drove out. The most eye-catching of them all was a Rolls-Royce plus five Bentleys. In addition, Ge Zhixiong's entire team of Mercedes-Benzes, Dapu Niu's entire team of BMWs, and A Hu's Ferrari were all exceptionally impressive.
After exiting the underground parking garage, the large convoy drove along Gloucester Road towards the Cross-Harbour Tunnel. On the expressway, traffic was mixed and speeds varied, and the convoy quickly dispersed over a two-kilometer stretch. However, once inside the tunnel, the congestion caused the vehicles to gradually regroup, with taillights visible from both ends.
Xu Gang, who was sitting in the passenger seat, saw a red light flashing inside the tunnel and a construction sign erected on the left side of the road. He unconsciously squinted and sensed something was wrong. He said, "Xiao Ma, switch the radio to traffic broadcast."
"Got it, Brother Xu." Xiao Ma turned the knob twice and tuned to the familiar traffic radio. Xu Gang listened to the broadcast, but his eyes were scanning the surroundings. Seeing people getting off in several cars ahead, he opened the car door and said into his earpiece, "One person off each car, come out and take a look around."
"Yes." A bodyguard in a suit got out of each of the five Bentleys, and after scanning the surroundings warily, walked toward Xu Gang's location.
Just a few steps forward, about ten meters away, a burly foreign man standing next to a BMW suddenly caught an M16 assault rifle thrown from the car. Without hesitation, the man turned and fired, a burst of bullets flying towards Xu Gang, who was crouching and hiding.
"Da da da!"
"Da da da!"
Gunshots echoed deafeningly inside the Red Tunnel.
The two brothers following behind Xu Gang had limited visibility and no time to anticipate the attack. Just as they were about to dive down to avoid the bullets, they were shot in the shoulder and abdomen, their flesh bursting open and they collapsed behind the car.
The remaining two brothers who got out of the car to investigate drew their sidearms and shouted into their headsets, "Gunfire! Gunfire! There's an assassin!"
Holding the latest Glock G17, Xu Gang leaned slightly forward and fired at the foreigner from his vantage point: "Bang bang bang!"
Short, powerful shots rang out in rapid succession. The first two bullets grazed the foreigner, while the third struck him squarely in the chest. The foreign gunman, who was about to advance with his weapon in his hand, took two steps back, leaning against the back of the car, looking somewhat dazed.
"The enemy has semi-automatic rifles, military-style bulletproof vests, and at least twelve people under their sight. Action team, get out of the vehicle and protect the boss!" Xu Gang turned around, hid himself, and spoke.
"Received, received." Six more bodyguards in suits got out of the car, each wearing a bulletproof vest and carrying a Type 81 automatic rifle.
(End of this chapter)
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