Chen Wanxian is dead? ! Hearing what Xiang Nan said, Sister Ling, Fang Ting and others were very surprised.
They all knew that Chen Wanxian had a conflict with Fang Jinxin back then, but they didn't expect that he would leave so suddenly.
Xiang Nan nodded, "After he was released from prison, he wanted to acquire the Wanbang Group, and he owed a lot of debt for this. Now when the stock market crash happened, the prices of the stocks he bought shrank greatly, and he lost 3 billion Hong Kong dollars. Many of them are still underground Bank money.
He was worried about hurting his family, so he chose to end it himself. "
After hearing this, Sister Ling couldn't help but sigh.
At that time, Chen Wanxian took advantage of the stock market crash to force Fang Jinxin to go bankrupt. Now he himself has gone bankrupt due to the stock market crash. It's really a drink and a peck. Could it be a predestined decision.
"You deserve it! A capital tycoon like him has always made waves in the stock market, causing countless people to lose their money. Now he himself has finally received retribution." Fang Ting scolded angrily.
"Okay, everyone is dead, so stop scolding." Xiang Nan waved his hand and said, "Tingting, Taotao's mood will be ups and downs recently, so you should pay more attention to him."
Fang Ting nodded.
…
Xiang Nan then went to Qingshan to visit his master Ye Tian.
"Master, are you okay? I have some good news for you. Chen Wanxian went bankrupt while trading in the stock market and hanged himself yesterday." He said to Ye Tianda.
"Zhan Bo, are you telling the truth?" Ye Tian suddenly said after hearing this.
"Master, you've regained consciousness, that's great." Xiang Nan said in surprise when he saw it.
He had come to visit Ye Tian many times before, but Ye Tian didn't recognize him. Seeing him look like a stranger made him sad. Unexpectedly, today, he actually called out his name, which really made Xiang Nan happy.
"Why did Chen Wanxian hang himself?" Ye Tian asked again.
Xiang Nan told Ye Tian the news that the stock market crash broke out and Chen Wanxian held a heavy position in stocks, resulting in a loss of 3 billion Hong Kong dollars.
"Okay, retribution. He spread false news back then with the intention of triggering a stock market crash and defrauding Fang Jinxin, but now he died in the stock market crash. What retribution!" Ye Tian said happily.
"Yes, Master." Xiang Nan nodded.
"What about you? How much did you lose?" Ye Tian asked again.
"I have no losses..." Xiang Nan said that he predicted the stock market crash and sold stocks in advance, and also said that he did not take advantage of the opportunity to short.
"Okay, that's how it should be." Ye Tian nodded and said, "Every conscientious stock investor should not make such bloody money at this time."
"Yes, Master." Xiang Nan nodded.
"Zhanbo, I know I'm going to die soon." Ye Tian said again, "I summed up what I have learned in stocks in my life, plus what your father said, I thought about it over and over again, thinking over and over again, and finally Summarized a very powerful way to win in stock trading.
Master only talks about it once, and I will never talk about it a second time. Memorize it word for word. "
"Master, just say it. I'm listening. Don't miss a word." Xiang Nan nodded.
"The sure way to win in the stock market is to win if you lose money if you are greedy. Don't lose money if you have a blood transfusion. Everyone goes for a blood transfusion. Kill people without wind. It rains and goes to an outlying island. Drink milk away from home. When you see someone, you will receive an inheritance. When you are released from prison, you will be disgusted by the money. Happiness has no personality. , there is no salary for becoming a monk, you can conquer all attacks, and you are invincible in every battle!" Ye Tian said immediately.
"Master, I have written it all down." Xiang Nan nodded.
"Okay, Master, I'm so sleepy and tired. I want to take a rest." Ye Tian waved his hands, then tilted his head and passed away.
"Master~" Xiang Nan couldn't help crying.
Although he didn't get along with Ye Tian for long, probably less than a week together, Ye Tian taught him a lot of things.
Especially the friendship he has for me is really too precious and selfless. Xiang Nan couldn't help feeling extremely sad after losing such an elder who was both a teacher and a father.
…
In the following days, Xiang Nan helped Ye Tian organize the funeral arrangements.
Sister Ling, Fang Ting, Chen Taotao, Xiao Jue and others came to pay homage after hearing the news of Ye Tian's death.
And just as Xiang Nan was holding the funeral ceremony, investors were also in a very uneasy mood.
The Stock Exchange closed for four days, saying it allowed investors to regain their composure and avoid passionate selling.
But not only did this not have a calming effect, it actually made everyone more and more anxious.
Moreover, during these four days, overseas stock markets remained uneasy.
On the 23rd, the U.S. dollar was sold off heavily in the foreign exchange market, causing its sharp devaluation and affecting the stock market, triggering another sharp drop.
This also cast a layer of gloom over the resumption of the market on Monday.
"The U.S. stock market has fallen by more than 100 points again, and the market resumption on Monday is really over."
"Even Chen Wanxian hanged himself, let's just wait and jump from the building."
"Oh my god, it's still going down. When the market resumes on Monday, hurry up and sell it. Cut off the losses. You can't lose everything."
The investors were all frightened, and the panic in the market had accumulated to the extreme.
After Saturday and Sunday, on October 26, the Hong Kong stock market reopened.
As soon as the market opened, a large number of selling orders almost caused the exchange's computers to crash.
Investors were selling their stocks frantically, fearing that they would be late and not make the move.
Because there were only people selling but no one picking up, the stock price plummeted wildly. The Hang Seng Index fell as much as 1,100 points throughout the day, a drop of 33%, which was the worst plunge in the history of the stock market.
Many stocks fell directly into junk stocks. Even the previous blue-chip stocks saw their share prices slashed by half. The life-long efforts of countless investors were wiped out, and more than 300 people jumped from the building alone. The tragedy was unbearable to witness.
However, for people like Xiang Nan who hold a lot of cash, after the stock market crash, it is a good time to make a fortune.
Those high-quality stocks are now at bargain prices. As long as you acquire it, you can make a lot of money in the future when the stock price rebounds. You can even acquire some high-quality listed companies, which will make you even more money.
…
Because on October 26, Hong Kong stocks suffered the largest decline in the world's stock markets. In order to save the market, the Hong Kong government launched a series of policies in the evening.
For example, lowering bank interest rates, using Exchange Fund and Jockey Club funds to buy stocks, abolishing the 35% trigger point for acquisitions, etc.
This paves the way for acquisitions of listed companies.
Previously, because there was a 35% acquisition trigger point, once 35% of the shares were purchased, the entire acquisition would be announced and a comprehensive acquisition offer would be issued.
This is actually detrimental to the acquirer. Because as soon as it is announced, the acquired party will start to resist. Moreover, issuing a comprehensive acquisition offer also requires the acquirer to come up with more funds.
But now all these restrictions are gone.
Therefore, starting from the 27th, Xiang Nan gradually absorbed the stocks circulating in the market.
First of all, IMC is owned by seven companies. The previous market value of the seven companies was nearly 30 billion Hong Kong dollars, but now it has dropped to only 10 billion Hong Kong dollars, a shrinkage of nearly 70%.
Xiang Nan bought back these seven companies with only 3 billion Hong Kong dollars, and his shareholdings were also greatly increased. In addition, he also used the remaining funds to acquire high-quality real estate companies such as Grand Hotel and Jiahua Industrial.
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2198【How to win in stocks】Free reading.
