PNB Chapter 429 Is it finally time to make a move?
Chapter 429 Is it finally time to make a move?
"Mr. Meng, the overall stock index has exceeded 5200 points."
The whale hunter's voice sounded somewhat somber.
Because Meng Chuan had instructed him to keep a close eye on the critical point of 5200 points.
Although the whale hunter didn't know why Meng Chuan wanted him to pay attention to this.
Now that he has finally achieved it, he naturally wants to report it to Meng Chuan immediately.
"What? How could it suddenly surge so much?"
Meng Chuan's expression hardened.
Although Mr. Huang had already predicted that Monday would very likely reach this critical value.
Meng Chuan had long been mentally prepared.
However, hearing the report of the whale hunt firsthand still made Meng Chuan's heart sink.
The stock market crash of 2015 was a profound lesson.
Meng Chuan's mind involuntarily conjured up various hellish scenes of the stock market crash.
Countless stock investors lost everything, their wealth vanishing in an instant.
Excessive market speculation and a massive influx of leveraged funds have driven stock prices to astonishing heights.
This is a serious departure from the company's actual value.
This forced regulators to intervene.
However, once intervention is taken to regulate and restrict leverage in off-exchange margin trading, the bubble bursts instantly.
Panic spread like wildfire, and investors frantically sold off their stocks.
The stock market has been plummeting, with daily reports of thousands of stocks hitting their daily limit down.
Corpses found beneath high-rise buildings are a common sight across the country.
However, it's not feasible to have no regulation at all.
It can't be covered up. The longer you try to cover it up, the bigger the bubble will grow, and more people will die in the future.
Now that the A-share index has finally reached 5200 points, foreign capital will definitely not miss this good opportunity to reap the rewards.
This step is finally here.
But yesterday's closing price was only 5105 points, how could it have surged so much in just one morning?
Meng Chuan was truly baffled by everything.
"Gather funds. Don't hesitate to withdraw all funds that can be withdrawn, including those in the financial and non-ferrous metals sectors."
Meng Chuan decisively issued the order.
The dam is about to burst; as long as Meng Chuan's funds are still in the stock market, they will be washed away by the "flood."
No one dared to stand at the breach in the dam during this torrent.
Only by first withdrawing our forces, preserving our strength, and adopting guerrilla warfare tactics can we possibly compete with foreign capital.
"President Meng, what about the funds from the Liu Group..."
The whale hunter could also sense Meng Chuan's anxiety.
Although he still didn't understand what was causing the anxiety.
Breaking through 5200 points indicates that everything is looking good, and it's time to invest heavily.
But Meng Chuan did the opposite, which was another move that Meng Chuan couldn't understand.
This made Whale Hunter, who had always thought he had a good understanding of finance, feel like a complete novice in the financial world.
But the whale hunters didn't dare ask.
Meng Chuan didn't mention the Liu Group, as he wasn't sure whether the Liu Group's funds should be withdrawn.
Meng Chuan also invested over 100 billion yuan into the Liu Group.
"All companies under our name will remain unchanged."
Meng Chuan said.
Almost all the companies controlled by Meng Chuan are wholly owned by Meng Chuan.
It has not accepted any foreign capital investment.
The number of shares issued for circulation in the market generally does not exceed 30%.
Even if there is any turmoil, Meng Chuan is absolutely confident that he can stabilize the situation and the impact will not be too great.
In other words, only companies under Meng Chuan's name are currently safe.
"Alright, as I said before, gather the funds as quickly as possible. Try to finish before the market closes today."
With that, Meng Chuan hung up the phone.
During the time Meng Chuan was on the phone with the whale hunter, Meng Chuan's phone kept vibrating.
It was a call from Mr. Huang.
It was clear that Mr. Huang was in a hurry; otherwise, he wouldn't have kept dialing even though he knew the line was busy.
Meng Chuan was about to call Huang Lao back.
Old Huang then called again.
"What are you doing? You dare let my phone be busy? From now on, no matter who you're talking to on the phone, you have to answer my call immediately."
As soon as the call connected, Old Huang roared into the phone.
He was genuinely angry; things were really getting out of hand.
Moreover, Huang Lao always felt that he could never get in touch with Meng Chuan when things were extremely urgent.
If Meng Chuan were in front of him right now, he would want to kick Meng Chuan a few times.
"It's just 5200 points, what's there to be nervous about?"
Meng Chuan said, feigning nonchalance.
Meng Chuan knew without guessing that Huang Lao's call was related to the stock market.
Otherwise, he wouldn't have spoken in that tone.
"You know it all?"
Old Huang's voice deepened:
"Then you should tell us what we need to do next, otherwise this bubble will be blown up even bigger, and the impact will be more widespread."
Old Huang really wanted to tell Meng Chuan directly that they were about to make a move.
It is imperative to take action to restrict leverage in off-exchange margin trading.
However, given his position and the fact that the policies had not yet been implemented, he could not discuss this with Meng Chuanming.
"What does this have to do with me? You guys go do whatever you were doing!"
Meng Chuan said, feigning nonchalance.
How could Meng Chuan not understand Huang Lao's intention?
He was clearly telling Meng Chuan that they were about to make their move, and that he should stay away to avoid being caught in the crossfire.
"I hope you truly understand."
Old Huang was quite angry at Meng Chuan's tone.
However, he really didn't have time to talk to Meng Chuan for long, so he hung up the phone directly.
Meng Chuan smiled helplessly; this old man really treated him like a three-year-old child.
However, Meng Chuan was still quite grateful to Elder Huang.
Meng Chuan looked at his phone and then turned to look at Ying Die:
"Tell Ollie immediately to speed up the handover with Canon and Nikon, and strive to complete the handover today, or at the latest tomorrow."
Meng Chuan frowned and thought for a moment:
"Also, tell Canon and Nikon that the domestic stock market is booming right now, we regret it, we don't want the shares anymore, we want cash, we want to increase our investment in the stock market. We don't want the ASML shares anymore."
Yingdie was unsure of Meng Chuan's intentions and thought he really wanted cash!
Somewhat difficult:
"They probably won't agree to that, since we've already signed a contract..."
"I want them to refuse, so that they will speed up the handover process."
Meng Chuan said with a smile.
Meng Chuan's strategy was to retreat in order to advance.
Meng Chuan wasn't worried at all that Canon and Nikon would actually give him cash.
Because they simply can't afford it, unless they're willing to let their companies go bankrupt.
"I understand."
Yingdie suddenly realized, nodded, and immediately went to the side to make a phone call.
Meng Chuan breathed a sigh of relief, but he was still deep in thought, afraid that he might have overlooked something.
But at that moment, the marble in Prince Fu's hand suddenly flew towards Meng Chuan.
"Old Fu, you're coming again? I don't have time..."
Meng Chuan was startled and dodged almost reflexively.
The marble whizzed past Meng Chuan's shoulder.
It hit a tree trunk not far away with a dull thud.
"No time? With your attitude towards training, do you think you'll only have time when foreign capital storms in and holds a gun to your head?"
Prince Fu shouted.
At the same time, it shot towards Meng Chuan like a rain of marbles...