Close the positions!
Boss Xia said to close the positions.
Zhang Bailun, who initially kept thinking about closing positions, now didn’t want to.
This person wasn’t honest at all. While Xia Xiaolan didn’t add to her positions, his personal stock account shorting just 100,000 shares wasn’t enough. These days he had been constantly maneuvering, increasing leverage, continuously trading Lu Family Media. In just this short month, Zhang Bailun had made several million Hong Kong dollars!
Now, when Xia Xiaolan told him to close positions, Zhang Bailun felt somewhat regretful.
Xia Xiaolan looked at him seriously:
“Do you think you can make all the money there is? Although I don’t like Mr. Lu calling to warn me, his words weren’t wrong – knowing when to stop is important.”
Xia Xiaolan couldn’t control whether Zhang Bailun closed his account, but he had to follow her orders for her positions.
Zhang Bailun suddenly came to his senses:
“Yes, Boss Xia, closing positions immediately!”
At this time, the stock price was extremely low. Closing positions meant buying back the 24 million shares that Xia Xiaolan had “sold.”
No one dared to take sell orders, but for buy orders, many people wanted to sell.
When Xia Xiaolan said to close positions, Ji Jiangyuan also closed his 200,000 shares. Sold at 21.7 dollars per share, now buying back at 5.3 dollars, a difference of 16.4 dollars per share. Ji Jiangyuan made 3.28 million from these 200,000 shares of Lu Family Media!
After returning Xia Xiaolan’s initial capital, he still had over 2 million Hong Kong dollars.
With over 2 million Hong Kong dollars in 1987, whatever Ji Jiangyuan wanted to do, it was a considerable starting capital.
On the morning of November 20th, Xia Xiaolan decided to close positions.
Closing all 24 million shares took two to three hours to complete.
Xia Xiaolan’s final gains from this stock market crash were revealed – after paying transaction commissions, total profits reached 405 million.
Thanks to Lu Family Media, over 150 million was earned from their stock!
After Xia Xiaolan closed her 11 million shares short position, Lu Family Media’s stock rose by 40 cents, reaching 5.7 dollars.
Of course, because she closed positions so late, even with the 40-cent rise, the Lu family definitely wouldn’t be grateful to her.
Xia Xiaolan didn’t need the Lu family’s gratitude.
There were plenty of people waiting to thank her!
Zhang Bailun was grateful, Ji Jiangyuan was grateful, and even Yu Li who hadn’t traded stocks had to be grateful – the experience Yu Li gained by Xia Xiaolan’s side was something others couldn’t even dream of seeing.
Moreover, Xia Xiaolan distributed red envelopes throughout the company, including Yu Li as secretary – how could she not be grateful?
The shareholders of Qihang Capital also had to be grateful.
On the 21st, Xia Xiaolan could prepare a financial briefing for the shareholders:
“…This short-selling operation yielded 405 million in profits. Adding the company’s initial capital, there are now 550 million Hong Kong dollars in the account. What are your thoughts?”
What concept was 550 million Hong Kong dollars?
It was breathtaking.
“Of course, 150 million Hong Kong dollars of this was exchanged from 100 million Chinese yuan through HSBC. We can still exchange it back, so that’s 100 million Chinese yuan plus 400 million Hong Kong dollars, and there’s the 26 million Hong Kong dollars office. I don’t plan to sell it for now – do you agree?”
Yes, this office was extremely expensive, worth 26 million Hong Kong dollars!
But it was also extremely beautiful. Looking out from here, it seemed all of Hong Kong was within view. That kind of dominant aura of “if not me, then who” – few could resist.
Don’t sell, absolutely don’t sell.
In Qihang Capital’s main conference room sat several shareholders.
The largest shareholder, Xia Xiaolan, held 50%.
The second-largest shareholder, Du Zhaohui, held 30%.
The third-largest shareholder, Dongfeng Holdings’ representative Huo Chenzhou, held 10%.
The fourth-largest shareholders – well, not so large – were Chen Xiliang and Bai Zhenzhu, each holding 3.5%.
Kang Wei held 2.6%, and Shao Guangrong the least at 0.4%.
These two had such small shares they had no real say, and since it was troublesome for Shao Guangrong to come to Hong Kong, neither was present.
But even Shao Guangrong, with the smallest share, could gain 1.6 million Hong Kong dollars from the crash based on his shareholding.
Chen Xiliang licked his lips – he held 3.5% of the shares, which meant 14 million Hong Kong dollars.
Was this what Grandmother Xia meant when she said those who believed in her could pool some money?
If he had pooled 5 million to join then, wouldn’t he now be able to share 20 million Hong Kong dollars… Ah, he was too greedy. People shouldn’t be so greedy. This wasn’t Aunt Xia asking them to pool money – she was making money herself and bringing them along for the ride.
“I have no thoughts – Aunt… Boss Xia, your thoughts are mine!”
Chen Xiliang wasn’t in a hurry to use that 3.5 million Chinese yuan capital. Money in hand was money in hand. Chen Xiliang was focused entirely on Luna, with no time for other investments.
If Xia Xiaolan was willing to keep taking him along, he would hold onto this strong support and not let go.
“I have no objections either.”
Bai Zhenzhu also felt this money was made too quickly.
3.5 million Chinese yuan turned into 14 million Hong Kong dollars.
Even at official exchange rates, 14 million Hong Kong dollars could be exchanged for 7 million Chinese yuan. That 3.5 million, in such a short time, had grown to 10.5 million Chinese yuan including principal and interest.
Even robbing a bank wouldn’t be this fast.
Bai Zhenzhu recalled Xia Xiaolan’s previous words.
No black market, no grey area.
Because taking illegal paths might not even be as profitable as a legitimate business.
Making money from the stock market was certainly legal, but this money – Bai Zhenzhu believed none of the shareholders present except Xia Xiaolan could have earned it!
Du Zhaohui naturally had no objections either.
Huo Chenzhou looked at Xia Xiaolan, “Your investment performance is too outstanding. Now there are people in Dongfeng Holdings criticizing me, saying I took too small a share.”
He invested 10 million Chinese yuan for a 10% share, and there had been opposition, though Huo Chenzhou suppressed it.
Now discovering this 10 million Chinese yuan had turned into 40 million Hong Kong dollars, those people complained that 10% was too little.
Human greed truly knows no bounds – they weren’t looking at how much other mainland capital had lost in this crash. Shouldn’t Dongfeng Holdings be happy to have made any profit?
Xia Xiaolan smiled: “Dongfeng Holdings can’t get more shares. If you think 10% is too little, I can buy back Dongfeng Holdings’ 10% share right now, and we can part ways after this profit. Qihang Capital can make such profits now because I’m in charge. If Dongfeng Holdings isn’t satisfied, you’re completely free to start your own business.”
Although Xia Xiaolan wore a smile, Huo Chenzhou could feel her seriousness.
Yes.
The dominance of “if not me, then who” was the ultimate seriousness.
Whoever wasn’t convinced could try to make 400 million in one month first.
All operations were Xia Xiaolan’s decisions, so she had the right to say this. Yesterday, after Qihang Capital chose to close positions, the title of Hong Kong’s Female Stock Market God had firmly landed on Xia Xiaolan’s head.
Xia Xiaolan needed state-owned capital like Dongfeng Holdings as shareholders, but at this point, if she kicked out Dongfeng Holdings, many others would scramble to take that 10% share!
Qihang Capital as a company wasn’t particularly special – it could be called Qihang, could be called Kaohan, could be called anything. What mattered was that its actual controller had to be Xia Xiaolan!
Without Xia Xiaolan, it would lose its alluring magic!