Hong Kong's speculative frenzy was unparalleled, even globally; otherwise, how could it have become one of the top three cities in Hong Kong, New York, and London? However, later, perhaps for some reason, Singapore surpassed Hong Kong and showed signs of replacing it. Nevertheless, Zhang San also had huge investments there.

During the Asian financial crisis, Zhang San bought a lot of properties and land there. The Lihua Hotel also invested in a hotel there. When Zhang San went there, he stayed at the Singapore Lihua Hotel, which was very convenient.

Shortly after New Year's Day 2004, the Hang Seng Index plummeted. While some others were still panicking, Zhang San remained remarkably calm. However, seeing his employees somewhat flustered, he was dismissive. His inner thoughts were: "This is all my money! I'm not worried, so why are you all panicking? It's like the emperor isn't worried, but the eunuchs are! What the hell?"

As a free port, Hong Kong's rampant speculation is naturally for a reason. The sources of funds here are diverse, including not only local conglomerates, but also domestic funds from mainland China and Macau, as well as overseas funds, both legal and illegal, all of which have flocked here, making it one of the most popular places in the world.

Every year, major financial cases are exposed here, and it can be said that it is precisely its freedom that makes people flock here.

Zhang San said, "Alright, don't worry, don't panic. It's just a small matter. These won't be included in your bonuses. This is my decision."

His words naturally put those people at ease, but what they didn't know was that Zhang San's words had two meanings: since you don't want to take responsibility, then you shouldn't get any bonuses; if you make money in the future, you can only get the basic bonus.

Moreover, these people are unusable. These traders are even interfering with the boss's affairs. Isn't your most basic job simply to execute orders? How can you help the boss accumulate chips at the lowest cost?

However, now is not the time to fire them; we need to find an opportunity.

"A sum of money will be coming in soon. Take this opportunity to buy some shares. Let's think about how to proceed."

Since it wouldn't count towards their bonuses, they naturally relaxed and began using various methods, such as wash trading, shorting while simultaneously buying. The media also acted in concert with them.

Many comments appeared on local financial websites in Hong Kong: The Hang Seng Index in Hong Kong's stock market has reached a high point. Is this plunge another stock market crash?

The article recounts several stock market crashes and their aftermath, stating that current investment speculation is too rampant, and a correction is normal. It then asks: Where is the bottom? How long will the correction last? Will it escalate into a stock market crash and cause panic?

"Damn, the financial crisis was less than six years ago, is another stock market crash coming?"

"Damn it, my neighbor jumped that year..."

……

The comments below are mostly filled with panic.

However, another article stated: "A major disaster occurs every ten years, and a major war every fifty years." This article continued: "Throughout world history, the economy is cyclical. Every so often, a financial crisis erupts somewhere. The biggest crisis began with the Great Depression in North America in 1929… Basically, there's a financial crisis about every ten years. So, what we're seeing now might be a preview of a financial crisis…"

As soon as this well-reasoned and data-driven article was published, some panic-driven funds began to sell their stocks. Moreover, stock trading is very convenient now.

After smartphones were launched, they became very popular in Hong Kong. The basic model was only HK$2998, and it came with a wide variety of software, including mobile chat software, stock trading software from various securities companies, bank transfer software, games, and photo-taking software.

Business people, in particular, buy the premium model, priced at HK$6998, which features high security, a large screen, faster speed, and better signal.

Of course, in the end, Zhang San also had another weapon of his own: quantitative trading, which became very popular in later generations. He had already prepared it while overseas financial institutions were still operating, but since it wasn't over yet, he wasn't in a hurry to launch it.

Based on data from overseas financial groups, and using numerous mathematical models as tools, stock trading is conducted to replace some manual labor.

This technology has existed for a long time, but the hardware couldn't keep up. However, Zhang San won't have this problem. Chips with reduced instruction sets are more suitable for this kind of operation.

Zhang San owns a chip design and manufacturing company. He secretly set up three dedicated lines from the Hong Kong Stock Exchange Building.

He prepared three supercomputers and invested over a billion Hong Kong dollars. It can be said that this was all for the purpose of testing them in Hong Kong first, and then he would promote them globally.

Just a few days after those nonsensical essays began circulating among the citizens of Hong Kong, Zhang San had five engineers he brought from North America begin testing them.

Besides overseas finance, he had another strategy: shorting the stock market while simultaneously going long on the Hong Kong Hang Seng Index, and then reversing course.

He would perform this operation twice in a row to test the capabilities of these supercomputers.

On three computers, there were many accounts, some with stocks and some with funds. There were no stock experts, only mathematicians, who launched a data stream attack on the Hong Kong stock market.

"Those bastards overseas, they want to raise funds? Haha, they can't do it even if they work themselves to death."

In a trading room, a group of people were in the same industry. As the saying goes, competitors are enemies; if you earn more, I earn less.

Just as they were celebrating, suddenly, a large number of stocks in the Hong Kong stock market plummeted, and the decline was very rapid. The Hang Seng Index fell by 2% directly. Before many people could react, the market had collapsed. Some who used margin trading were wiped out.

This caused an avalanche. It wasn't that margin trading was so easy to get liquidated, but rather that the stock market had been falling for several days, and some people were already on the verge of liquidation but didn't have the money to replenish their margin. This time, the market directly broke through their forced liquidation line.

Some data is a secret to others, but not to some; that's why those market manipulators can accurately target retail investors.

holding grass...

The people in that trading room were completely dumbfounded. How could this happen? Not only were they dumbfounded, but even the people in the overseas financial sector stopped trading. This was too fast, it was inhuman.

Fortunately, their overseas financial practices are relatively conservative, which allowed many people who were margin trading to close their positions before New Year's Day.

At this moment, Hong Kong residents have only one thought: A stock market crash is coming!!!

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