A century-old wealthy family that rose from Shanghai

Chapter 166 Fame
Saturday, October 10.

Chen Guangliang's article "On the Turning Point of the U.S. Stock Market and Economy" attracted the attention of many Chinese people because the Oriental Daily is one of the three major newspapers in China, and Chen Guangliang is also a celebrity in Shanghai.

However, after reading his article, many people immediately had a very consistent attitude, the only difference being the severity of the remarks.

For example, after reading the article, T.V. Soong of the Ministry of Finance said to his assistant, "Regardless of whether the analysis in this article is correct or not, this young man is certainly capable. No wonder he has emerged as a rising star in the newspaper industry, second only to Shi Liangcai."

Generally speaking, the Wang brothers of the "Newspaper" cannot be considered newspaper tycoons, because the equity is controlled by Shi Liangcai and the content is controlled by the chief editor Li Haoran.

On the contrary, many people know that Oriental Daily was founded by Chen Guangliang, and the editorial team and reporter team are all his "disciples", and the style is inherited from generation to generation.

His assistant Tang Yulou also holds a master's degree in economics from Harvard University and has some understanding of the U.S. stock market.

"Minister, many of this man's remarks are based on facts. Excessive stock market speculation and excessive credit expansion show that he's truly capable. Of course, this conclusion can't be confirmed. After all, the US President already said today that he wants to stabilize the stock market. Who knows how things will develop next week!"

Overseas information sources, including that of the Oriental Daily, are now obtained directly from public officials and overseas Chinese stationed abroad, and then transmitted back to the Shanghai Stock Exchange via telegram.

As for the Ministry of Finance of the Republic of China, its reports were not necessarily as comprehensive and timely as those of their newspapers.

"We'll find out next week. I want to see if he's really that legendary!"

Chen Guangliang's legendary status is basically known to everyone, of course, mainly due to his achievements in the business field.

at this time.

Kong Xiangxi had already seen the Oriental Daily article and immediately remarked, "This is sheer nonsense. Making random comments based on just one day's stock market performance is what they call 'not being a judge.' I think he's just trying to show off!"

Compared with T.V. Soong, although H.H. Kong also studied abroad, he was more like a Shanxi money shop owner at heart.

As the Minister of Industry and Commerce, Kong Xiangxi naturally knew Chen Guangliang.

Of course, even the commander-in-chief knew about Chen Guangliang, the new newspaper tycoon, and even wanted to win him over.

Miss Song responded, "You're talking about him. What's wrong with young people wanting to be in the spotlight? It all depends on whether they have real skills and whether they can be used by us!"

This person is more concerned about interests.

Kong Xiangxi then said, "He's a slippery fellow. How could he be easily exploited?"

Miss Song said, "Otherwise. Young people don't have any foundation. At most, they can only be part of the Oriental Daily. But if we scare them a little, they will be easily exploited."

Kong Xiangxi nodded, then said, "The Southern Whale's intention is to observe him first and then have him buy some government bonds later as a token of his loyalty."

If you don't buy government bonds, you will be kidnapped. This is the subtext.

Of course, because Chen Guangliang had the weapon of Oriental Daily and he had just risen to prominence, the Southern Whales had not targeted him before.

However, as the South Whale government needed money for the war, he had come into sight and it was inevitable that they would suffer a loss.

At this time, Yan Renmei was also visiting Kong Lingyi's home, and Zhang Hanfen was with her.

"Renmei, Chen Guangliang has published another article. I just heard my father and mother discussing him, saying that he published articles indiscriminately and wanted to be in the limelight!" Kong Lingyi said carelessly.

Yan Renmei said nervously, "What did he say?"

Kong Lingyi smiled and handed a newspaper to Yan Renmei, saying, "Have you read it? But to be honest, I just took a look and found that Chen Guangliang's article is of a very high standard. At least he knows what's going on in the United States. This has changed my impression of him a little."

From the initial "hate" (she had never seen it, she simply hated feudal marriage) to the current "no hate", Kong Lingyi's character is so straightforward.

If it were Huang Huibao, she would immediately continue with her first impression and give Chen Guangliang countless bad reviews.

Although Yan Renmei was embarrassed, she was attracted by the title and quickly became immersed in it.

Recently, his impression of Chen Guangliang has changed a little, and some good feelings have unconsciously emerged.

"Maybe this article was published for the purpose of increasing newspaper sales!" Yan Renmei blurted out.

"Hey, you still know how to protect him, haha!" Zhang Hanfen joked immediately.

"No, I was just making a fair comment. After all, he doesn't have a very high economic level." Yan Renmei explained quickly.

Kong Lingyi insisted at this time: "In fact, the level is still very high, otherwise I can't even write this article."

Zhang Hanfen also quickly grabbed the newspaper and began to read it curiously.

These girls don’t understand business economics, but after all they have received education and know what to write!
The day.

Many people who read Chen Guangliang's article thought that he was just adding gimmicks to the commercial section of the newspaper and did not agree with it.

On the other hand, no one would have thought that the recession in the U.S. stock market and economy would affect other things.

People's business level in this era is very low. This is partly due to inconvenient information channels, but more importantly, it is due to immature business thinking.

Chen Guangliang wrote this without worrying about the impact on his "business" because Chinese businessmen do not have this insight.

Like many people think, he did write articles for fame.

Time quickly came to a new week. Oriental Daily followed up on the news of the US stock market. Basically, after finishing the news there, it would appear on the overseas section of Oriental Daily the next day.

The fact is just as Chen Guangliang expected, the US "stock market crash" came.

October 10th, known as "Black Monday," saw the New York Times Index plummet 28 points and the Dow Jones Industrial Average plummet 49 points, a daily drop of 38.33%. No one stepped in to rescue the market that day.

October 10th marked the darkest day of all. At 29 a.m., as soon as the New York Stock Exchange opened, a torrent of sell orders swept in. Everyone was selling regardless of price. Brokers were surrounded, and the trading floor was in chaos. The Dow Jones Industrial Average plummeted, falling from its peak of 10 to 386, a 298% drop. The New York Times Index fell 22 points. By the close of trading that day, the stock market had reached a record high of 41 million shares traded. One trader described it as the "worst day" in the history of the New York Stock Exchange. This became known as "Black Tuesday."

At this time in the Shanghai business community, Chen Guangliang also became a "god" with an article, attracting more discussion and attention from business people and politicians.

Chen Guangliang's article also points out that "the US stock market crash has already occurred", which will further "affect the US economy" and "the US economy will stop its rapid growth after World War I and is clearly in trouble."

"Manager Chen, the sales of our Oriental Daily have finally exceeded 9 copies, thanks to your article!" Huang Chunsun walked in happily.

Chen Guangliang waved his hand and said with a smile, "Our sales have already increased to nearly 9 copies, so this breakthrough is just a natural progression!"

Even if they weren't focusing on sales anymore, the Oriental Daily's style was incredibly popular, and Chen Guangliang had come to appreciate the benefits of Murdoch's journalistic style in his previous life. Huang Chunsun immediately said, "If you continue writing business articles, I guarantee our business magazine will sell well!"

He thought that his boss was a "business legend" and would naturally attract many people's attention.

"It depends. The main thing is that we need to recruit commercial talent to serve as our critics. University professors, social celebrities, and government officials can all become our contributors. The key is that we must have authority in this area."

"Yes, after this incident, the commercial authority of our Oriental Daily has finally been revealed!"

It’s all thanks to you, I mean!

Chen Guangliang did not refute, and he really planned to make good use of public opinion later, so it was necessary to manipulate public opinion.

At this time, many people outside were also commenting on the Oriental Daily.

T.V. Soong: "He really hit the mark. The U.S. stock market crash has already begun. Could it be that the economy will really be heading for a depression next? And what impact will that have on our economy?"

Tang Yulu: "The US is on the gold standard, and we are on the silver standard, so the impact shouldn't be that big. Moreover, it's not certain how big the impact will be on the US. Of course, there is also a benefit for us."

T.V. Soong: "You mean that since the U.S. economy is in a depression, our imported goods can be cheaper?"

Tang Yulu: “Yes.”

Song Ziwen nodded, then carefully found the previous issue of "Oriental Daily News" and continued to read it carefully.

As the head of the Ministry of Finance, he naturally hopes to use this kind of thing to take some targeted measures for the country.

Kong Lingyi came to the school with the Oriental Daily and found Yan Renmei.

"Renmei, your guy is really talented. The article he wrote actually came true and there was a real stock market crash in the United States."

From the initial disgust to the current admiration, this is Kong Lingyi's character.

Yan Renmei felt sweet inside for a moment, then deliberately said seriously, "Lingyi, I've already said, I'm not engaged, and the last time was just a false alarm. I want to learn from my three aunts and become a college student."

Kong Lingyi smiled and said, "I support your dream, but what if someone is willing to wait for you? Tsk tsk, that's really rare!"

Yan Renmei immediately tickled Kong Lingyi, saying, "I'll teach you to keep talking nonsense. I'll teach you to keep talking nonsense."

After the fight, Yan Renmei still felt happy.

Not to mention anything else, just the fact that he had sent her study materials twice and had never disturbed her made her like Chen Guangliang so much more.

What's more, Chen Guangliang is handsome and has a mature and confident charm.

Last day of June.

"Boss, all our villas on Yuyuan Road were sold out yesterday. All we need to do next is collect the bills regularly!" Guo Deming reported with a happy look on his face.

Just as the boss said, as long as Changjiang Real Estate sells the houses on Yuyuan Road, it will be in an invincible position and can pursue greater development.

Therefore, "Yuyuan Road" is the "birthplace" of Changjiang Real Estate, so it should be completed beautifully.

Chen Guangliang said happily, "Okay, we've accomplished our first major goal. By the way, can I withdraw 20 yuan next month?"

This batch of 'installment and stratification' consists of a total of 382 buildings (1146 floors), and the monthly 'installment payments' are quite high.

Although, he had already withdrawn 70 yuan to speculate on gold.

"No problem, even 300,000 is no problem if you need it!" Guo Desheng said immediately.

As the financial steward, he is not trying to "please the boss", but telling the truth based on the financial situation.

"Okay, I understand. From now on, we will convert the financial funds for each period into gold on a monthly basis. The project payment can be paid in gold. This is mainly to avoid the devaluation of silver and achieve a value-added effect."

His loan is for one or two years, but the returns from "Yuyuan Road" are continuous, so he can naturally arrange for these funds to be reinvested and increase in value.

Gold and silver were not rare commodities in the Shanghai Stock Exchange and were even used as currency. For example, when foreign companies sold houses, many would accept gold and silver instead of dollars, so you would need to exchange them in advance.

"Do you redeem every issue?"

"Yes, exchange as much as possible. Gold will appreciate and silver will depreciate. This may be the trend in the future. Do you understand what I mean?"

As a financial expert, Guo Deming immediately said, "I understand. I will arrange the funds and maximize the appreciation."

"Um"

Changjiang Real Estate has finance, accounting and auditing, so it is impossible for funds to be embezzled. In addition, Chen Guangliang is also strictly controlled, so there will be no major problems in the future.

As for his plan to withdraw 200,000 or 300,000 yuan next month, he planned to convert it into US dollars first and then prepare to order Chevrolet cars in batches. Of course, this amount was only the "down payment"; the rest would be paid after the cars arrived in Shanghai.

In this way, under the influence of exchange rates, even if Chen Guangliang imports 400 cars, if he only needs , then he can "not spend a penny."

After Guo Deming left the office, Chen Guangliang picked up the design draft of "Dahua Hotel and surrounding land". It seemed that this was the top priority of Changjiang Real Estate next year.

The project is divided into three parts: a large community consisting of 150 four-story garden houses, the renovation of the Dahua Hotel, and the Shangri-La Hotel.

After renovation, the Dahua Hotel was renamed the "Shangri-La Hotel", which mainly serves as an area for banquets, dances and meals; the newly built Shangri-La Hotel next to it mainly provides hotel accommodation and serviced apartments.

The two complement each other and together form the 'Shangri-La Hotel Group'.

In order to facilitate future sales, Chen Guangliang separately registered the "Shangri-La Hotel Management Company", which owns the brand rights of Shangri-La Hotel and Shangri-La Restaurant.

The partnership between Chen Guangliang, Yan Zhiduo and Fang Jiaobo only owns the property rights of Nanjing West Road.

In this way, Chen Guangliang may sell the ownership in advance and retain the management rights or brand usage rights.

Not only does it satisfy Chen Guangliang's vanity, it is also not a big loss.

(End of this chapter)