Chapter 041 The Stock Market Crash

At nine o'clock in the morning, Ye Jinyan walked into the inner room of the president's office of Jingyan Group while watching a video on his mobile phone, with a smile on his face. Yuan Xudong put down the public information of Songjiang Boutique Hotel in his hand, stood up from the sofa in the reception area, and greeted him with a smile:

"Boss Ye, I'm here to bother you again!"

Hearing Yuan Xudong's voice, Ye Jinyan was slightly startled, looked away from the phone, looked up at him and smiled:

"Xiao Yuan, I've given the instructions. Are you here to send your girlfriend to work today?"

Seeing Yuan Xudong nodded slightly, Ye Jinyan continued to smile and said without waiting for him to speak:

"Your girlfriend's name is Zhu Suosuo, right? I'll arrange for her to work under Yang Ke, who is the sales manager of the company and is best at training new employees. I'll take a look at Zhu Suosuo in person later and will definitely take good care of her, so don't worry!"

Seeing that Ye Jinyan misunderstood his intention, Yuan Xudong explained with a smile:

"Of course I believe that Mr. Ye will take good care of Suosuo. I came to Jingyan Group today to send her to work, and on the other hand, I want to trouble Mr. Ye with a small matter. I wonder if you have time now?"

Hearing that Yuan Xudong was bothering him with another small matter, Ye Jinyan rolled his eyes and joked:

"Now that you've said that, how can I not have time?"

After that, he put his phone on his desk, invited Yuan Xudong to sit on the sofa in the reception area, and looked at Fan Jingang not far away and shouted:

"Fan Jingang, there are guests coming, don't you know how to make tea?"

Seeing that Ye Jinyan misunderstood that he was impolite, Fan Jingang quickly explained:

"Boss Ye, I asked Mr. Yuan, and he said he ate too much in the morning and doesn't want to drink tea now, so he asked me to make a cup for myself to drink, so that I won't have a dry mouth and hurt my throat!"

Hearing this, Ye Jinyan laughed and scolded:

"Fan Jingang, do you know? In this world, some people talk themselves to death, and some people listen to others talk to death. You are the former, and Xiao Yuan and I are the latter. Stop talking nonsense, and quickly make two cups of old tree tea. Forget it, make three cups, and you can drink one cup to moisten your throat!"

After that, he led Yuan Xudong to sit on the sofa in the reception area, glanced at the public information of Songjiang Boutique Hotel placed on the coffee table, frowned slightly and said:

"Xiao Yuan, are you still interested in Songjiang Boutique Hotel?"

"Boss Ye, you misunderstood!"

Yuan Xudong shook his head slightly and explained:

“I am interested in Songjiang Boutique Hotel, but I don’t want to invest money in this project. On the contrary, the little thing I want to trouble you with today is to make some money from this project.

I wonder if you can arrange a job for me, preferably as a construction site supervisor. The salary would be fine, but not too low, otherwise I would lose face.

Then I was assigned an assistant who was responsible for the specific work, and I learned from his experience to prepare for joining Jingyan Group in the future.

After all, our Jingyan Group is a real estate company. If I, the third largest shareholder, have never even been to a construction site, isn’t that too unreasonable? Do you think what I said makes sense?"

After hearing all these messed up reasons from Yuan Xudong, Ye Jinyan didn't believe a single one of them . Although he didn't know what Yuan Xudong was up to, he didn't care about such a small matter.

At most, he could give the other party a sinecure and pay him an extra salary. The specific work would still be left to the relevant professionals. Thinking of this, he picked up the public information of Songjiang Boutique Hotel on the coffee table in front of him and flipped through it, while casually saying:

"No problem. I'll arrange it for you later. You'll be in charge of supervising the construction site. By the way, Xiao Yuan, is there any problem with the funds you invested in Jingyan Group?"

"No problem at all!"

While responding to Ye Jinyan, Yuan Xudong looked down at the Vacheron Constantin on his right wrist. The time was 9:12 in the morning. A smile appeared on the corner of his mouth. He looked up at Ye Jinyan and said excitedly:

"Mr. Ye, please turn on the TV and tune it to the Magic City Finance Channel. It's time to witness history!"

“Oh, witnessing history?”

Seeing the slightly excited Yuan Xudong, Ye Jinyan also became interested. Seeing Fan Jingang coming over with the brewed old tree tea, he directly said:

"Fan Jingang, turn on the TV and tune it to the Magic City Finance Channel. Let's see what Xiao Yuan meant by witnessing history."

"Okay, Mr. Ye!"

Fan Jingang put the brewed old tree tea on the coffee table, first served a cup to Ye Jinyan, then served a cup to Yuan Xudong, and kept the last cup for himself. Then he turned on the LCD TV and tuned to the Magic City Financial Channel.

The stock market opened at 9:15 in the morning. Under the watchful eyes of Yuan Xudong, Ye Jinyan and Fan Jingang, the market index plummeted as soon as it opened, and the entire market turned green.

At 9:35, the market experienced a cliff-like decline. At 9:42, the market hit the first-level circuit breaker of a 5% drop and trading was halted.

At 9:57, the stock market resumed trading and the market index continued to fall cascadingly. At 10 o'clock, the market index once again hit the second-level circuit breaker of a drop of 7%, and trading was suspended for the whole day.

The entire market was in a terrible state, with thousands of stocks hitting the limit down. Some stocks were even stuck at the limit down as soon as they opened. Billions or even tens of billions of funds were rushing to escape, but there were very few buying orders.

Even for a large and high-quality company like Jingyan Group, its stock price was hit by the lower limit within one minute of the opening. Unless it was sold at the lower limit price at the beginning, otherwise, retail investors who operated manually would not have enough time to sell their stocks.

After you enter the selling price and number of shares, the price on the market will hit a new low. If you are not mentally prepared, facing the cascading stock plunge, you will have no hope of escape if you are distracted for a moment.

I don’t know how many more limit downs there will be. I can’t sell even if I want to. I can only watch my stock assets fall by 10% every day until the limit down is lifted.

Seeing that the market had stopped trading, Fan Jingang wiped the sweat from his forehead and said with lingering fear:

"Luckily I didn't speculate in stocks. This is too crazy. The entire market is estimated to lose trillions of dollars in market value. Those who raised funds and leveraged are finished. Those who have insufficient margin will definitely be liquidated and forced to sell their stocks by the securities company!"

"No!"

Ye Jinyan shook his head slightly, his face solemnly said:

"It's too late. The price fell too fast. Some stocks hit the lower limit right after the opening and could not be sold. The forced liquidation by the securities company was useless. Now trading has been suspended again. The whole market is in a panic.

In addition, the circuit breaker mechanism is conducive to short selling. As long as large funds frantically sell stocks, the entire market can be stopped within a few minutes, and the bulls will lose the trading opportunity before they can react.

Tomorrow will definitely be even crazier. Everyone will want to escape. The only outcome is to die together until the stock market falls to the bottom !"

“Yes and no!”

Seeing Ye Jinyan and Fan Jingang looking at him, Yuan Xudong explained with a smile:

"If a mistake is made, it must be corrected, someone must be found responsible, and the circuit breaker mechanism must be cancelled, and the market will slowly recover. However, the downward trend has already formed.

Everyone has come to their senses from the frenzy of buying more stocks, and now they are scrambling to escape. Those who are reluctant to cut their own flesh and blood can only die slowly like a frog in boiling water, and their bodies will become dinner for crocodiles! "

Hearing Yuan Xudong say this, Ye Jinyan smiled and said:

" In , how long will it take for the circuit breaker mechanism to be cancelled? By then, how much will the entire market fall?"

"I'm not a crocodile. At most I'm a cormorant trying to fish in troubled waters!"

Yuan Xudong defended himself and then responded to Ye Jinyan:

"In my opinion, the circuit breaker mechanism will be cancelled within a week. By then, the market will fall by about 20%. If time is allowed to extend a little longer, I estimate that the entire market will be cut in half, falling to around 2,500 points. It's hard to say about individual stocks, but a big drop is certain!"

Seeing Yuan Xudong talking freely, Ye Jinyan smiled and said:

"Then congratulations. When the time comes, you are welcome to join Jingyan Group!"

Fan Jingang on the side also took the opportunity to curry favor:

"Mr. Yuan has a keen eye. When everyone was bullish on the stock market, he had the courage to short sell. Now he has made a fortune. It is true that heroes emerge young from ancient times!"

Yuan Xudong shook his head slightly and said modestly:

"You're kidding. I was just taking a gamble. If I win, wealth and honor are up to fate. If I lose, life and death are up to fate. Just like the people who lost money today, there are many who have lost everything and are heavily in debt.

By the way, Jingyan Group had better send some security guards to guard the rooftop entrance. Be careful that someone who has bought Jingyan Group stocks jumps off the rooftop to commit suicide. If they hit innocent passersby, it would be really unfortunate!"

After that, without waiting for Ye Jinyan and Fan Jingang to respond, Yuan Xudong smiled and invited:

"Boss Ye, today is a good day. Let's have lunch together. I heard from Secretary Fan that there is a restaurant with good steaks. How about the three of us go and try it together at noon?"

"Today is not a good day!"

Ye Jinyan shook his head slightly and said jokingly:

"According to what you said, my net worth is going to plummet by more than half. Why should I eat Western steak for lunch? I can just go to the company cafeteria and have some leeks and tofu!"

Yuan Xudong laughed and said:

"No problem, let's go to the company cafeteria to eat. I've loved eating leeks and tofu since I was a kid, I know that very well!"

"It's settled. You take a rest in the reception area. I'll have a meeting with the department manager. I'll take you to our Jingyan Group cafeteria later. The food is pretty good!"

After that, seeing Yuan Xudong nod slightly, Ye Jinyan left directly, followed by Fan Jingang. Yuan Xudong was the only one left in the CEO's office. He sat on the sofa in the reception area, opened WeChat on his phone and contacted Zhu Suosuo:

"Did you take a screenshot and send it to Jiang Nansun?"

Zhu Suosuo quickly replied:

"It has been sent. Nansun said she is currently participating in a boutique hotel project in Songjiang. She will go back to talk to Uncle Jiang in the evening!"

Yuan Xudong smiled slightly and quickly typed a reply:

"It's too late. The stock market has been halted. I don't think Uncle Jiang can sell his stocks anymore. The Jiang family will definitely go bankrupt. Let's go over there tonight to take a look. Don't tell Nansun yet. It's useless even if she knows. It will just make one more person worry!"

Zhu Suosuo quickly replied:

"I see. I have something to do now. See you in the afternoon!"

Yuan Xudong replied directly:

"See you this afternoon!"

Putting down his phone, Yuan Xudong picked up the public information of Songjiang Boutique Hotel placed on the coffee table in front of him with a smile. He saw Jiang Nansun's information written in black and white on the last page of the information: Jiang Nansun, the hotel supervisor.

At the same time, Jingyan Group Sales Department.

Zhu Suosuo put away her phone, looking worried. Yang Ke, the sales manager, looked at her and asked:

"What's wrong?"

"nothing!"

Zhu Suosuo shook her head slightly, looked at Yang Ke and said with a smile:

"Manager Yang, I have some personal matters to take care of this afternoon. Can I ask you for half a day off?"

Hearing this, Yang Ke nodded in agreement:

"Of course, you can only go to work with peace of mind after you have dealt with your personal affairs!"

After that, he looked at Zhu Suosuo who was forcing a smile and asked:

“Is half a day enough?”

"That's enough, thank you Manager Yang!"

"You're welcome. Old Ye has personally ordered it. How dare I deny you your leave?"