Hong Kong Storm: The King of Jobs

Chapter 746, Section 337: Winner Takes All (Continuing the challenge of writing 8,000 words a day!)

"Is the stock market sluggish?"

The bald eagle sat up straight and asked with concern.

Hong Kong people rarely save money in gold shops; they either keep it at home or in money shops.

In Hong Kong, money shops are essentially financial companies that need to launder money. The minimum annual interest rate is 8%, and the higher the amount, the higher the annual interest rate.

These money shops advertise themselves as investments and are considered legitimate businesses. However, once the money shop closes down and declares bankruptcy, investors lose everything.

Because of these many misfortunes, the Hong Kong Banking Regulatory Commission introduced regulations three years ago, selecting insurance companies from the four major foreign banks to require these money shops to purchase insurance.

After bankruptcy, bankruptcy preservation is carried out, and then the insurance company pays out.

Aside from investments in money shops, 80% of the money was invested in the stock market, futures market, and real estate market.

Hong Kong's property market is very relaxed; you can buy an apartment with a 10% down payment or even zero down payment.

Getting a mortgage in Hong Kong is very easy now. You just need to fill out a few pages of paper, pay 18% of the property value as a loan, and you can get the title deed.

Of course, these property deeds will only stay in the buyer's hands for a few seconds before being taken away by the finance company as collateral.

Many financial experts are now advocating for the real estate market, suggesting that one house can be exchanged for ten.

It's about using the full amount paid for one house to buy ten houses, multiplying them by ten. Since the housing market keeps rising, as long as you hold out until you sell the first house, you'll have the capital to keep going.

These days, all the big stars in Hong Kong's entertainment industry are using this little trick, and even developers are selling their properties at rock-bottom prices to attract attention and promote their projects.

These money-grubbing celebrities, seeing a rock-bottom price, usually buy apartments by the floor, emptying their savings and leveraging up to the maximum.

But what will be the price?

If the stock market, futures market, or property market experiences any shocks, Hong Kong residents' wallets will be emptied, and everyone will have to become frequent flyers.

But the bald eagle's nervousness quickly dissipated, and it crossed its legs.

Because he remembered that he had lost money on all his stocks and futures contracts, and had to pay the margin and tea money for Handsome Sheng.

"Of course the economy is bad; many of the company's products are about to be overstocked."

"Okay, let's not talk about this anymore. You wouldn't understand even if I explained it. Ah Sheng called me and asked me to pay the bill."

Hua Zirong opened the drawer, took out a piece of paper, and placed it in front of Bald Eagle.

"This is the account opening agreement. Sign your name, and all the money in the account will be yours."

"The date was the 15th of last month. The company's contract documents are sent out once a month. Just remember the date."

"Check if the amount of silver on the contract is correct."

Wah-Jai-Wing took a Montblanc pen from the pen holder, placed it in front of Bald Eagle, looked at the number, and signed it.

He picked up the contract in front of him, glanced at the amount of money on it—300 million Hong Kong dollars! Bald Eagle was very satisfied.

He flicked the contract paper again, picked up the pen, and wrote his name on it.

When can I get the money?

Bald Eagle thought Hua Zai Rong's pen was pretty good, so he capped it and put it in his breast pocket.

"You thug! You even snatched a pen!"

Hua Zirong watched helplessly as his pen, worth over a thousand dollars, was snatched away. He could only complain and then glance at the diamond-encrusted gold Rolex in his hand.

"The timing is perfect! There's money in the safe right now. You're incredibly lucky!"

After finishing speaking, Wah Jai-wing pressed a number key on the landline. Once the call connected, he continued, "All in cash?"

“Yes! Cash!” Bald Eagle nodded, indicating that he wanted cash. He then took out a pen from his scarf pocket and examined it carefully.

Honestly, he has never bought more than one blue crab pen. A pen costing a thousand yuan is just too arrogant!

"Three million, in cash, deliver it to my office!"

"Oh, right! Have the accounting department bring me a settlement document, leave the date blank, and I'll sign it."

After hanging up the landline, Wah Jai-wing poured himself a glass of orange juice to cheer himself up.

"Brother, don't be anxious, you'll get anxious."

"I'll set up a table for lunch to help you vent your anger. After lunch, we'll go to a sauna to relax. Touching your breasts will sweep away all your troubles."

Bald Eagle stuffed the pen into his scarf pocket, wanting to invite Andy Lau out for a drink.

"Not today, I'll invite you another day."

Wah-Ji-Ying is going to pick up his boss this afternoon. The orders are about to go bankrupt, and he needs the stock market king to come over for a meeting. The financial company he oversees has Shui-Fang as a major shareholder.

The stock index futures were liquidated, causing the stock prices of several listed real estate companies with large positions to collapse, and a large portion of the margin was wiped out at once.

Whether to sell off completely or to be bullish on the market and add margin requires discussion among experts.

With a head full of troubles, Wah Jai Wing really had no interest in having dinner with Bald Eagle.

Whether the market goes up or down, you can make money in the financial market, but you need to have a plan of action.

The basic operating logic of the financial market is very simple: it's either about profiting from retail investors or profiting from market manipulators.

The market is pessimistic, and retail investors are withdrawing from the market. Since we can't profit from retail investors anymore, we should turn our attention to profiting from the big players.

There's only so much meat left. With fewer unlucky guys around, things will look better in the future.

Stock King Chong is a member of the Qilin Society. Several of the big stock kings in the Qilin Society are leading the charge, trading silver in London, and have no time to pay attention to the financial market in Hong Kong.

Even if these big shareholders were in charge, they wouldn't bail out the market. This is a legal casino; once you sit down, you have to accept the consequences.

Win and you get a young model at a club; lose and you become a trapeze artist on the rooftop.

This happens every day in Hong Kong, a market where unlimited off-exchange leverage is possible.

Once these stock market tycoons notice the bleak state of the stock market, they will rebuild their positions, accumulate shares at rock-bottom prices, and wait for the next period of market prosperity.

The three million silver dollars that Bald Eagle wanted were quickly delivered to Hua Zai Rong's office.

The cashier carefully counted the silver notes in the box in front of White Eagle and Hua Zai Rong.

The accountant stood in front of Hua Zirong, handed the withdrawal slip to the boss for a glance, and Hua Zirong nodded, asking the accountant to sign it and push the date forward three days.

After the cashier finished counting the silver notes and saw Bald Eagle nod, he closed the box, placed the settlement documents in front of Bald Eagle, and asked him to sign them.

He would gladly sign such words ten thousand times over, and he signed his name on these documents.

The accountant and cashier, having received the paperwork, left the boss's office.

Having received the money he wanted, Bald Eagle stood up, patted his trousers, and said that the cigar was fine in every way, except for the excessive ash.

"See you another day, brother!"

"Stay!"

Bald Eagle picked up the small suitcase, said goodbye to Wah-Jing, and walked out of the office.

After seeing the bald eagle leave, Wah-Wing picked up the phone and called the telecommunications company, leaving a message for Handsome Sing, but he didn't say much, just left an OK.

(End of this chapter)