Siheyuan: The Idiot in Charge

Chapter 553 Stock Market Storm
Time is like an arrow, the sun and the moon are like a shuttle.

Time flies and it’s late July.

All major newspapers in Hong Kong published an advertisement on half a page.

On it was a picture of the Dongxun No. 001 pager and the slogan "Instant response, unlimited business opportunities!", followed by the detailed addresses of the two Dongsheng Communications business offices in Hong Kong Island and Kowloon.

Several TV stations also aired the same pager advertisement.

A successful man in a suit was walking on the street, with a plastic box hanging around his waist that started beeping.

He picked it up and looked at it, then walked to a telephone booth on the street and made a call: "Hello! Who's calling me? Oh! Mr. Zhao! Do you have a project for me? Great!"

For a time, Hong Kong was flooded with news that the Dongxun 001 BB machine would be officially released on New Year's Day in 73.

The streets were also full of people discussing pagers.

"BB machine? What is that?"

"Hey, you don't understand this, right? I heard it's just for finding people. With this thing, no matter where you are, your family just needs to call the paging station and you will receive the message."

"Is it really that good? Is this thing expensive?"

"Not expensive, not expensive! I heard that this Dongxun 001 only costs HK$888 per unit."

"Is it so cheap? I'll go buy it tomorrow."

"Go together! Go together!"

Jia Weidong also arrived in Hong Kong at the end of December.

This time, he used his old Taishan friend Zhou Zhigang's connections to coordinate a three-month vacation.

Guided the launch of Dongxun 001 into the market, and then faced the bull market in 73.

The profits from the sales of pager machines, as well as the monthly rental fees and service fees of pager machines, will bring the company a steady stream of cash flow.

The ultimate success or failure of the stock market is even more related to his subsequent layout.

New Year's Day 73.

The Dongxun 001BB machine is officially on sale today.

morning.

In front of two Tung Shing Telecom business offices located in Central, Hong Kong Island and Nathan Road, Kowloon.

The gongs and drums were deafening, the firecrackers were blasting, and there were huge crowds of people.

There was also a long queue in front of the sales counter.

As soon as the door of the business hall opened, the people in the front of the line rushed in, waving their money and shouting.

"Beauty! Give me a pager! Haha! I came to line up before dawn, and I'm the first one."

"What? I need a 50-dollar service fee every month? It's okay, it's okay. I made money from stocks, so I don't need money."

"Beauty! Give me two, and I'll buy one for you too."

"Beauty! I want 10 of them. The company gives one to all senior executives. Can you give me a discount?"

"Sir! Please go to the VIP counter over there to find our manager."

"There is also VIP service! Not bad! Very good!"

At the same time, those who bought pagers started calling their friends after leaving the business hall.

"Boss! I bought a pager! My number is 126******, call me if you need anything!"

"."

Jia Weidong was in charge of the company and did not visit the scene in person.

The office received a steady stream of calls announcing good news.

"Chairman! The Central Sales Office has sold 500 units."

"Chairman! The Nathan Road Sales Office has sold 600 units."

"Chairman! The Nathan Road Sales Office has sold over 1000 units."

"Chairman! The Central Sales Office has sold over 1500 units."

"."

On the first day, the sales of Dongxun 001BB machines were very popular. The total sales of the two business halls reached 5000 units. The total turnover of 5000 machines plus service fees exceeded 700 million.

The next day, sales continued to be hot, with more than 4000 BB machines sold and total sales reaching 600 million.

On the third day, the first batch of 10,000 BB machines were sold out.

On the fourth day, although Xia Hantao organized people to work overtime, the pagers produced were in short supply and the two business halls were faced with a situation of no stock for half a day.

It was not until a week later when the market gradually became saturated that the supply-demand imbalance was alleviated.

In one week, more than 2 BB machines were sold.

At that time, the total population of Hong Kong was just over 400 million, which meant that one in every 200 people bought a pager.

This shows the consumption level in Hong Kong over the past 70 years.

In seven days, a total of nearly 3000 million yuan was recovered.

Shi Xinyue was also delighted when she heard this.

What she is most worried about is the current rush to redeem money.

With the income from the telecommunications company and the considerable monthly revenue from the Hung Hom Tunnel, the bank's funds were secured and the funds previously invested in the stock market did not need to be withdrawn. Dongxun 001 is a digital pager.

Jia Weidong estimated that this was the limit of sales in Hong Kong, and that sales would be limited in the future, so he could only expand the market externally.

The promotion of pagers has come to an end.

Next, Jia Weidong kept a close eye on the stock market.

After New Year's Day, the Hong Kong stock market performed well.

Gradually, predictions of a "bull market" began to spread on the streets.

People in Hong Kong all believe in the theory of Feng Shui.

To put it another way, it's superstition.

According to the Chinese zodiac, 1973 is the Year of the Ox.
The Year of the Ox literally coincides with “bull market”, which is a good omen.

The subsequent trend of the Hang Seng Index also seems to reflect the bull market prediction.

The Hang Seng Index is rising slightly every day.

So everyone believed it.

Even middle-aged women who had never touched stocks believed it.

They rushed into banks, withdrew their savings, and then invested in the stock market without knowing what was going on.

And loose bank credit policies are creating cash flow for the stock market.

Some people who tasted the sweetness even took out loans and rushed into the stock market.

Mid-January.

Faced with the frenzy of the stock market, the Hong Kong government issued a ban:

First, civil servants are prohibited from using office phones or going to the stock exchange to trade stocks without authorization.

Instead, the exchange was ordered to suspend trading on Monday, Wednesday and Friday afternoons.

Third, every bank must place a sign in a conspicuous location that reads "The stock market is risky, please be cautious when entering the market."

Trying to cool down the overheated stock market in this way.

However, it was no use.

Hong Kong is almost entering an era where everyone is trading stocks.

A madman who made a lot of money actually used a big bull to light a cigarette.

You can imagine how crazy the stock market is.

Since New Year's Day, in nearly 20 trading days, the Hang Seng Index has risen from 843 to 1560 points.

The increase is approaching 100%.

Two years ago, after Jia Weidong entered the market and established a position, the Hang Seng Index was still hovering around 200 points.

At this time, Shi Xinyue also began to get nervous.

She would ask Jia Weidong every day: "Weidong! Should we help?"

When the Hang Seng Index rose to 1600 points, Jia Weidong ordered Shi Xinyue to start withdrawing.

At Shi Xinyue's command, the investment department started operating at high speed again.

More than a dozen traders started moving like ants, making small transactions at a time.

One by one, the stocks were taken out of the bank's vault and then converted into cash and returned to the vault.

On the first day, 2 million were sold.

The next day, 2 million were sold.

The market is still rising wildly and is not affected at all.

Jia Weidong also ordered to speed up the clearance process.

On the tenth day, Shi Xinyue reported: "Weidong! We have recovered a total of 40 billion yuan! The Hang Seng Index has risen to 1610. Should we continue to sell?"

At this time, the principal had long been returned and he had made a huge profit, but the stock market was still rising, and Shi Xinyue was reluctant to sell.

Jia Weidong ordered: "Continue!"

Half a month later, Shi Xinyue reported: "Weidong! Have we recovered 65 billion yuan? The Hang Seng Index has risen to 1660."

Jia Weidong asked: "Sister-in-law! What is the market value of our remaining stocks?"

Shi Xinyue said with a smile: "According to today's stock price, there are still nearly 20 billion!"

Jia Weidong ordered: "Sister-in-law! Order all traders to go all out and clear the positions as quickly as possible!"

The next day, a large number of stocks began to be sold off in the stock market.

As a result, a large number of retail investors also began to follow suit and sell their stocks.

The wildly rising stock prices also began to fall.

In the office of a certain hot money investor, the scene of crazy banging of tables and smashing of cups was repeated again.

"asshole!"

"Who is it?"

"Why is he always one step ahead of us?"
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(End of this chapter)