The Grandmother in the Siheyuan

Chapter 589 Authority
Anyone familiar with the stock market knows that our country experienced a major bull market before the Olympics, starting in 2005 and peaking in October 2007.

Therefore, the stock market is particularly hot this year, and it has almost reached the point where everyone is talking about it. Although Taiyi Group is not a listed company, it cannot stop the employees' enthusiasm for stock trading.

Especially now that half the year has passed, the stock market is still rising wildly, and the upward trend is somewhat frightening. A Judas man who was only interested in profit once said, "When others are greedy, I am fearful; when others are fearful, I am greedy."

The entire nation's stock market is currently in a frenzy, driven by greed. It's said that during this bull market, some people have seen more than a dozen consecutive limit-up days, allowing their assets to easily exceed 100 million yuan.

Those who make money become the best role models for those who don't, so many people throw their life savings into the stock market.

Liu Hua chatted with the CEO of Taiyi Group over tea: "Have you been putting money into the stock market?"

"I invested over two million," the CEO said with a smile. "The stock market is really crazy right now. My two million has turned into over seventy million. I'm even considering quitting my job. Anyway, this money is enough for me to live comfortably for the rest of my life."

"Then quit," Liu Hua said cheerfully. "If you switch to another company, I will definitely make things difficult for you. If you say you want to retire and enjoy life, I will definitely not stop you."

"I can't bear to part with it," the CEO said with a smile. "My annual salary plus bonuses is over 40 million now. I can work here for at least another ten years. There's no reason for me to give up 400 million for 70 million."

"That's so high," Liu Hua joked. "Why don't you just quit? I'm a little sad about the salary I'm paying you."

"No way!"

"Whenever I have free time, I talk to my subordinates at the company and say that the stock market is already very high. Don't rush in blindly. Be cautious. Our country's economy is not commensurate with the current stock market level."

The CEO was startled: "Do you have some inside information?"

"What are you thinking? I don't trade stocks, what inside information would I have?" Liu Hua said irritably, "Although I look down on Master You, he is still very talented in finance. Buffett said, 'Be fearful when others are greedy, and greedy when others are fearful.' Don't you think the greed of stock market investors has already reached the sky?"

So you think the stock market will fall?

Liu Hua nodded: "The government will not sit idly by. The stock market is too high now, it's already artificially inflated. If it's not dealt with, it will become a bubble."

"That scared me to death! I need to get rid of all my stocks right away." The CEO said with a smile, "Although you don't trade stocks, someone of your size must have a lot to say."

"Tell everyone in each department to help cool things down," Liu Hua said with a smile. "It's not easy for anyone to earn money, so don't let them lose all their hard-earned money in the stock market."

Following Liu Hua's reminder, most of the people who traded stocks in Taiyi Group reduced or liquidated their holdings.

This incident has caused a strong reaction in society, with many people saying that Liu Hua engaged in insider trading, forcing the China Securities Regulatory Commission to issue a denial.

"Academician Liu himself does not hold any stocks. His advice is just to express an attitude: the stock market is risky, and one should be cautious when entering the market."

Some people who made money but were still not satisfied believed that Liu Hua was worrying unnecessarily, and that the stock market surge was clearly due to the Olympics.

The Olympics haven't even started yet, so the stock market will continue to rise. Moreover, because the Olympics have boosted our country's economic development, the possibility of a downturn is extremely small. Liu Hua's words only represent the cautious attitude of the older generation, and don't really prove anything. Although this bull market may have been triggered by the Olympics, it started to decline even before the Games.

In October, just as everyone was celebrating the Shanghai Composite Index breaking through 6,000 points, the stock market began to lose momentum.

After reaching over 6,100 points, the market began to fall back. Those who were timid started to take profits and secure their gains, while some greedy people were still comforting each other.

"It's alright, it's just a technical adjustment. Once it's adjusted, the stock market will be able to break through 7,000 points."

They waited anxiously, but the market never reached 7,000 points. Instead, while they were waiting, the stock market kept falling, dropping from 6,000 points to 2,800.

Then, they hoped for a stock market recovery, but instead, Lehman Brothers went bankrupt, triggering a global financial crisis.

At this moment, those who were insatiable and greedy finally understood just how important a single sentence spoken by an academician truly was, and that it was by no means unfounded.

Most of Taiyi Group's shareholders successfully cashed out their profits, with only a small number losing money. Liu Hua was affectionately called a good boss by his employees, after all, how many bosses wouldn't spoil their employees' extra income and would even lend a hand when they see danger?

In the second half of the year, Liu Hua's driver suggested to Liu Hua, "Boss, why don't we go back to driving the Hongqi?"

"Didn't you say the tram was great? Why did you drive back to the Hongqi?"

The driver pointed to the main road: "Boss, four out of ten taxis running on the main road now are your electric bikes. Even though we don't have a license plate, a lot of people think I'm an unlicensed taxi driver."

"As long as I'm comfortable, that's all that matters." Liu Hua smiled and shook his head. "Why do you care what other people think? Wasn't the Crown a taxi back in the day? Didn't many bosses drive Crowns back then?"

"It's mainly because it doesn't suit your status. Can you compare to those nouveau riche of yesteryear? You are an academician of our country."

"Identity? It's all earned by myself, based on solid skills, and has nothing to do with what kind of car I drive." Liu Hua shook his head: "Just drive this car responsibly. I haven't complained about you, so why would I complain about your driver?"

It was only after the driver's reminder that Liu Hua noticed that there were indeed many electric bikes running on the main road.

From the section with taxi company names painted on it, and many of the cars clearly being private vehicles, it's clear that trolleybuses have truly taken off.

Liu Hua smiled and picked up the phone, calling the CEO of Taiyi Group: "Hey, Lao Qian, our company has quite a few business vehicles, right? We could buy more electric cars. It would save on fuel costs, and it would also support domestic products. Why not?"

As a result, Taiyi Group purchased two hundred BYD E6 vehicles at once as company business vehicles, setting a precedent nationwide.

In return, Wang Chuanfu not only offered a significant discount but also commissioned the company's designers to create an extended version of the E6, named "Authority," as Liu Hua's one-of-a-kind vehicle, with only one in the world.

(End of this chapter)