Black technology: a super empire spanning two worlds

Chapter 111 [Mr. Huang is furious and retaliates by dumping the stock]

While this incident caused a huge sensation, it was also accompanied by huge controversy.

Of course, the vast majority of the proletariat and low-income people strongly support it without hesitation, but there are also many opponents.

Opponents believe that Xiao Yu is creating a utopia that is totally unrealistic. Directly giving monetary subsidies to low-income people will only encourage a lazy culture of getting something for nothing and cultivate generations of parasites. They believe that it is human nature to be grateful for a little while and resentful for a little while, and they will definitely be unhappy if the subsidies are not given one day.

Supporters believe that giving out monetary subsidies does not mean that people are unwilling to work. Even if there are such people, they are only a minority that can be ignored. The amount of money given is not much. A subsidy of 350 yuan a month is only the cost of a meal in a restaurant based on the current price. Even if they are unwilling to work, this amount of money is not enough to support their survival. They still have to work. A hardworking person will still be hardworking after receiving 350 yuan, and a lazy person will still be lazy without the 350 yuan.

Supporters believe that in the current economy, the country's loose monetary policy has opened the floodgates, but all the money flows to the upper class. When it flows to the bottom, there is not a drop of water left, and the upper class only accounts for a small part, causing a sharp temperature difference between inflation for the upper class and deflation for the lower class. If you want to have an internal circulation, you have to let the lower class have money. With money, they will spend, and with consumption, it will drive corporate revenue and employment.

Each side argued fiercely, with the husband claiming he was right and the wife claiming she was right.

However, there is another group of people who think that Xiao Yu is getting too arrogant. A super-rich man is courting death by spending so much money to win people's hearts. Some even believe that something bad will happen to Xiao Yu soon, and the youngest richest man in history is about to fall.

This incident caused such a sensation that it reached the ears of senior leaders that day, and they held a small meeting to discuss the matter.

There were some differences at the meeting, but Xiao Yu was fully affirmed for not forgetting his original intention and not abandoning his beliefs in pursuing common prosperity.

At the end of the discussion, the leader summarized the matter in five words: Practice makes perfect.

Whether this approach can work or not, the test of practice is worth more than a thousand words. The leaders above made a decision. Since someone is willing to try it and it does not require additional national resources, let Xiao Yu give it a try first, as a social experiment case.

Two days later, that is, this weekend afternoon, Xiao Yu received a special visitor.

It turned out that it was the people sent by the higher-ups who conveyed clear intentions and instructions to Xiao Yu, supporting the HP Fund he founded, and told Xiao Yu that when the HP Fund was officially established, Yangshi News would follow up on the report.

Afterwards, arrangements will be made for relevant national departments to have their names added to the HP Fund. Once the name is added, it will be equivalent to the state's authorization and full affirmation. No one can say that it is an encroachment. Although no substantial subsidies or grants are given, this status is the most important.

Xiao Yu felt very excited. He believed that there would be support from above, but he did not expect the support to be so strong and so efficient.

With such strong support, Xiao Yu can let go and do this thing with less resistance.

Once this problem is solved, the black technology and advanced scientific and technological productivity of the Blue Star world can be safely brought to Earth, and productivity and production efficiency can be safely improved by promoting scientific and technological progress.

Xiao Yu firmly believes that if the level of science and technology and productivity can reach half the level of the Blue Star world, it will surely usher in an era of great material abundance. With an extremely rich material foundation, the ultimate ideal of realizing "distribution according to need" will no longer be a fantasy.

However, Xiao Yu did not ignore the fact that the current situation in the Blue Star world shows that advanced technology is a double-edged sword, which can benefit all living beings but also bring greater disasters to them.

Xiao Yu is full of confidence in his hometown, because the great man left behind advanced ideas that will never be erased. The great man said that one's stance determines who one serves, which is the ultimate truth. Although the road to the ultimate ideal is long and arduous, the future will eventually be bright.

……

This Weibo post by Xiao Yu made more than 800 institutions holding Lingjing Technology shares unhappy.

Not only were they unhappy with Xiao Yu's decision to transfer one-third of the company's profits to the HP Fund free of charge, but because of the information gap, they did not know that the higher-ups supported Xiao Yu in doing this. Instead, they thought that Xiao Yu was courting death and that another richest man would be joining the ranks of those stepping on sewing machines.

Some organizations therefore believe that Lingjing Technology is bound to encounter a huge black swan.

After the weekend, the stock market opened on Monday. The stock of Lingjing Technology, which was trading at a high price of 35 yuan, plummeted at the opening, and large institutional funds withdrew and fled. The stock continued to fluctuate and fall during the trading session, and fell to 28.02 yuan at the end of the trading session, a drop of -20.01%, hitting the lower limit. Although today's daily trading volume did not break the record for the largest single-day trading volume in history, it ranked second, and the full-day trading volume reached an astonishing 1002 billion.

Large institutional funds are frantically selling to cash in, while retail investors are frantically buying in.

Even the two large institutions brought in by Ruilian Group began to withdraw, but Ruilian Group has not moved yet. After all, Ruilian is a large enterprise controlled by Guo Jia's team, not a private enterprise. Xiang Chongguang has not made a decision either, but chose to wait and see.

Today’s limit down is just the beginning. More than 800 institutions are running away, and they cannot finish running away on the first day.

Moreover, Xiao Yu's plan to set up the HP Fund angered a large number of "Mr. Huangs", who were secretly short-selling and dumping the market in retaliation.

The next day, Tuesday, Lingjing Technology was hit by the fleeing big funds again and its stock price fell to the limit down. It plunged by -19.99% on the same day and dropped to 22.42 yuan.

On the first day, retail investors were able to handle the limit down, and the transaction volume of hundreds of billions was already quite amazing. However, today, with the second limit down, the army of retail investors obviously could not handle it anymore, because the market was too big and too much capital was fleeing. Today, the transaction volume of the limit down directly dropped to 538 billion, which was obviously not sustainable.

This is the first time that Lingjing Technology has experienced consecutive limit downs since it reversed and took off from the price of 0.42 yuan.

Moreover, as the current No. 20 stock in the A-share market by market value, such a continuous 3200cm surge also shattered the overall market index, especially the ChiNext Index, which collapsed directly from more than 2780 points to points in two days.

On Wednesday, Lingjing Technology was once again hit by a crazy sell-off by institutions, and its stock price directly hit the third limit down. The stock price plummeted to 17.94 yuan. The trading volume on the day shrank to 311 billion yuan, and the market value shrank to 1.55 trillion yuan, already crossing the halving line.

The ChiNext Index crashed by -7.55%, directly dropping to the 2570 point level.

In just one week, the share price of Lingjing Technology fell from its historical high of 39.37 yuan to the current 17.94 yuan, with a cumulative decline of -54.43%. The market value of 1.86 trillion yuan directly evaporated. Xiao Yu was the world's richest man for less than a week.

These three consecutive limit downs were definitely not just a withdrawal, but were clearly retaliatory market crashes with malicious intent.

……

Two hours after the market closed, Yun Shu came to Xiao Yu's office and said, "This is the latest shareholder data of the company you requested. Yesterday, the company's stock price hit the limit down. The data showed that institutional investors sold off a large amount and withdrew, while the number of retail investors increased significantly."

Xiao Yu took the materials handed over by Yun Shu and took a look. The latest shareholder data showed that the number of shareholders holding Lingjing Technology shares exceeded 300 million for the first time. The exact number was 327.22 million, making it the stock with the largest number of retail investors in the A-share market, more than twice that of the second-ranked Jingdong Fang A.

After a while, Xiao Yu said with a hint of sarcasm: "These institutions that dumped their stocks and ran away thought that I was doomed, and there must be enemies of ours who are maliciously retaliating. It seems that they don't know that the leaders above support me in setting up the HP Fund."

It is not difficult to come to such a conclusion. If they knew that the higher-ups supported Xiao Yu in setting up the HP Fund, they would only frantically increase their holdings and grab shares instead of selling and distributing chips, because this meant that Xiao Yu had been recognized by the higher-ups and would not fall, but would only become more prosperous.

At this time, Xiao Yu smiled and said, "It's a good move. If they don't run, how can more small and medium-sized retail investors come in to buy chips? Moreover, their market crash gives retail investors a chance to pick up cheap chips. When they have almost run away and the number of retail investors doubles, I will release a super positive news, a good news that will make most people hold on for a long time and stick to value investment."

Previously, the stock split was completed indirectly through the method of high dividends and bonus shares, splitting the original 1 share into 100 shares, making it affordable for retail investors. Xiao Yu did this not like other money-making companies that lure retail investors to take over and reap the benefits.

The purpose of splitting the stock to allow retail investors to get on board is to allow the majority of people to hold Lingjing Technology for a long time and share the dividends of the company's development.

Seeing these big institutions and big funds throwing out their chips and jumping out, and retail investors taking over these chips, Xiao Yu was actually happy to see it happen.

……

(End of this chapter)