“Zhitong, don’t frighten me. If you’re feeling terrible, just let your emotions out and cry.”
“A few tens of millions is a lot, but you’re Mrs. Tang, you shouldn’t be like this…”
“Zhitong, let’s go, the market’s closed.”
Lu Yunshi went to help He Zhitong.
He Zhitong stood up unsteadily and pushed her away:
“I can walk by myself! You’re right, it’s just a few tens of millions, isn’t it? I’m Tang Yuanyue’s wife, I can afford to lose!”
Her words were fierce but betrayed inner weakness.
This wasn’t just about tens of millions.
Tang Yuanyue had told her to cut losses and close positions, but she stubbornly refused. Although Tang Yuanyue gave her 20 million HKD as additional margin, he also said this would teach her a lesson!
What lesson?
The lesson of being presumptuous.
No woman who has just married into a wealthy family can immediately control its finances.
Wealthy husbands aren’t foolish – only when they trust their wives’ financial abilities, even if just conservative real estate investments, will they transfer partial financial control to their wives.
Without financial acumen, what right do you have to manage money?
If money decreases in your hands, it’s better left with the wealthy husband to generate more profits.
Originally, He Zhitong and Tang Yuanyue’s marriage already had a shadow cast over it due to what happened at their wedding, when Du Zhaohui and Tang Yuanyue nearly severed ties.
This time, though Tang Yuanyue wouldn’t mention divorce over losing these tens of millions due to He Zhitong’s stubbornness, he clearly expressed doubt about her financial capabilities.
He probably wouldn’t let He Zhitong manage his money anymore!
He would give He Zhitong living expenses and spending money, and if she successfully bore a son, he would reward her with property or cash like other wealthy families.
But controlling the Tang family’s finances?
Sorry, He Zhitong lacked that ability. After losing these 60 million, that door was essentially closed to her forever.
Then there was her father, who, perhaps in anger, threatened to cancel her inheritance rights.
He Zhitong had spent two hours brooding in the trading room, thinking about all this, wanting to escape.
But she couldn’t escape – this wasn’t her home, it was the stock exchange, and she had to leave. One final look at Lu Family Media’s stock price made her eyes hurt.
The stock had fallen to 14.5 dollars.
Compared to its peak of 22.3 dollars, Lu Family Media had dropped 7.8 dollars in two days.
She hadn’t even lasted through the afternoon before being forced to close her position.
What about Xia Xiaolan?
Just on the 19th, Xia Xiaolan’s short position of 5 million shares in Lu Family Media had earned her 39 million HKD!
Ironically, Xia Xiaolan had used Lu Yunshi’s family’s stock to make nearly 40 million in the market in just two days, exactly matching the combined wedding gifts from her natal and married families.
Xia Xiaolan was still outside the exchange.
Those financial newspaper reporters, knowing that Qihang Capital had been frantically shorting these days, wouldn’t let Xia Xiaolan leave.
He Zhitong’s heart ached as she got into the car with Lu Yunshi.
Xia Xiaolan had sharp eyes:
“Mrs. Tang, Miss Lu, let’s have tea together sometime!”
Lu Yunshi looked disheveled as she slammed the car door shut, and the vehicle sped away.
Xia Xiaolan smiled without saying anything – she didn’t need to add fuel to the fire. Everyone present would think Lu Yunshi was impolite, and as for He Zhitong, she was just a sore loser.
These upper-class young ladies were all the same.
If they had real ability, that was fine, but those without ability would get dizzy just walking after losing tens of millions – what happened to their dignity?
Dignity?
For those who spend several million a year, these tens of millions represented ten years of expenses!
Financial reporters blocked her path, asking how much she had earned.
Xia Xiaolan was modest:
“Unrealized gains are just paper assets, we’ll have to wait until positions are closed to calculate. It’s not as much as everyone thinks… When will I close positions? That depends on the market, I don’t make predictions.”
Finally, Xia Xiaolan squeezed out of the crowd.
Her words were naturally humble.
Today the Hang Seng Index had fallen to around 2,200 points – how could she not have made a fortune!
Put it this way: with the stock market down 33%, stocks originally around 20 dollars had fallen by a third. How much could Xia Xiaolan make shorting 24 million shares?
Taking the unfortunate Lu Family Media as an example, it closed at 14.5 dollars today.
Xia Xiaolan had shorted 11 million shares of Lu Family Media, earning nearly 80 million just from this position!
She had also shorted 13 million shares of four other listed companies, earning around 95 million from these positions.
On October 26th, at the Hong Kong market close, Qihang Capital had unrealized gains of 175 million HKD before closing positions.
This was a result that pleased her personally.
What made her even happier was hearing that He Zhitong had lost nearly 60 million HKD, while Xia Ziyu had lost nearly 70 million!
These two had bought heavily when Lu Family Media’s stock price was at its highest. When the stock dropped by more than a third, He Zhitong and Xia Ziyu naturally collapsed simultaneously.
He Zhitong was an unexpected bonus – she hadn’t anticipated He Zhitong entering the market.
The real target had been Xia Ziyu.
A reborn person?
CR Investment Executive Director?
Without Du Chengrong standing behind her, this was the extent of Xia Ziyu’s ability.
Reportedly, Xia Ziyu had been hospitalized to protect her pregnancy.
After losing seventy million, hospitalization was appropriate.
Xia Ziyu wasn’t completely desperate yet because she believed the inheritance rumor, thinking she would receive at least 200 million in inheritance. Losing seventy million was a major blow to Xia Ziyu but hadn’t made her despair.
Unfortunately, Xia Ziyu didn’t know the supposed inheritance distribution was false news spread by Du Zhaohui at Xia Xiaolan’s request.
It was just a delaying tactic to keep the Du family members in line!
Even if it were true, how could Xia Ziyu receive any money after giving Du Chengrong such massive green hat?
Xia Xiaolan clasped her hands on her lap, her face full of smiles.
Everyone in the car was smiling.
Qihang had earned 175 million, and while others didn’t have as much company capital, they had still profited by following the short strategy. For instance, Ji Jiangyuan had earned 1.44 million from his 200,000 shares.
At the time, Lu Family Media was at 21.7 dollars per share, with a market value of 4.34 million.
Ji Jiangyuan used 10x leverage, requiring only 433,000 in margin.
30,000 was his own money, and 400,000 was personally borrowed from Xia Xiaolan.
He only needed to repay Xia Xiaolan’s margin loan, and he would still have over 1 million HKD left.
As for the 3,000 his roommate Xiong Baiyan gave him, even calculating at the same amount in HKD, Ji Jiangyuan had earned over 9,000 HKD. In the second week of Ji Jiangyuan’s leave to Hong Kong on October 26th, after giving his previous earnings to Ji Ya to repay support bills, he had once again seized the opportunity to become a millionaire.
Even that guy Xiong Baiyan had become a ten-thousand-aire without any preparation.
Of course, Ji Jiangyuan hadn’t closed his positions yet.
“Hong Kong stocks will fall again tomorrow.”
Ji Jiangyuan said this with a smile.
No one is unhappy when making money.
This feeling of controlling money was wonderful – how could one be free without financial freedom?
Yu Li didn’t understand, “Will the Stock Exchange close again?”
Before Xia Xiaolan could answer, Zhang Bailun laughed:
“How could that be possible! After four days of market closure, the Hang Seng Index has already fallen to around 2,000 points. If they close again, investors will panic more. Even knowing tomorrow will bring declines, the Stock Exchange can only tough it out.”
Xia Xiaolan nodded, “That’s right, market closure is impossible now. They can only use other market rescue measures.”
As for whether the market rescue would succeed?
Just two consecutive days of decline wouldn’t count as a stock market crash. With such severe drops, whatever brakes were applied, the market would need time to react.