Chapter 2195 2197 [Desperate]
Chen Wanxian just got out of prison at this time, and he was shocked when he saw that the stock index really plummeted.
He didn't listen to Chen Taotao's advice before, and bought a lot of Wanbang stocks.
Now that the stock market is crashing, the stock prices of almost all listed companies have plummeted. The Wanbang stocks he bought at a high price have now dropped by at least 10%, causing him a loss of more than 600 million Hong Kong dollars.
And his net worth is only two billion Hong Kong dollars, which has shrunk by 30% in one morning. For him, this is naturally an unbearable loss.
Therefore, without delay, he immediately ordered the stockbroker to sell the stocks in his hand, and recover a little loss if he could recover a little loss.
"Damn it, why did the stock market crash really happen? Could it be that **** is really a prophet?" Chen Wanxian was very depressed. He lost at least half of his net worth this time, and it really hurts to think about it.
…
At one o'clock in the afternoon, the stock market opened again.
As soon as the market opened, the Hang Seng Index plummeted by 180 points.
All shareholders and all capital know that the stock market crash has occurred, so they are naturally unwilling to continue to hold stocks, so they all sell them in large sums.
But throw more, but buy less. No one bought the stocks of many listed companies at all, and the stock prices fell again and again. Even for a high-quality listed company like Wanbang, the stock price has fallen by 50%.
Seeing such a decline, Chen Wanxian almost vomited blood.
Although he started to sell as soon as the market opened, but because he sold too much and no one picked up the order, there were still a lot of stocks that were not sold, and all of them were thrown into his hands.
Now with the stock price plummeting, his loss has exceeded three billion Hong Kong dollars. Not only did he lose all his net worth, but he was also in debt of hundreds of millions.
More importantly, what he owed was not only money from the bank, but also money from the underground bank of Baodao.
Owing money to the bank, he can still file for bankruptcy, at worst, after a few years of hard life, there is still a chance to make a comeback. But it is impossible to rely on the money owed to the underground bank.
Those people recognize money but not people. If they really want to pay back the money, they really dare to use violence to collect debts. Maybe the whole family will not survive.
…
Closing at 4:00 pm, the Hang Seng Index closed at 3,362 points, a sharp drop of 432 points in one day, a drop of 11%.
The market value of nearly 50 billion Hong Kong dollars evaporated out of thin air, and all Hong Kong shareholders lost an average of 50,000 Hong Kong dollars. Calculated based on a monthly salary of 4,000 yuan, it is equivalent to losing 12 months of income.
Chen Wanxian was even more miserable, with a floating loss of three billion Hong Kong dollars in book funds, which cost his entire net worth.
To make matters worse, the bank has frozen his account and is chasing him. When Baodao's underground bank heard the news of the stock market crash, it also began to pursue debts from Chen Wanxian.
"Chen Wanxian, you lent me three billion Hong Kong dollars. I hope to see the money tomorrow. Otherwise, don't blame me for being rude to you." The person from the underground bank called him to collect the debt.
The bank also called Chen Wanxian, "Mr. Chen, the price of the stock you pledged to us is now below the warning line. If you can no longer provide new pledges, then we can only sell them."
Faced with debt collection, Chen Wanxian can only delay as long as possible, "Don't worry, this is just a small adjustment. The general direction of Xiangjiang's economy is still good, and the stock market will definitely rebound tomorrow."
"I don't care, I want to see the money tomorrow. Otherwise, just wait and see." The person from the underground bank threatened.
"Mr. Chen, if you can't provide new collateral tomorrow, we can only sell your stocks." The bank manager also said.
Chen Wanxian was exhausted for a while, so he could only pin his hopes on tomorrow's stock market, hoping to achieve a rebound from the Jedi.
For this reason, he stayed up all night, observing the trend of international stock markets all night.
On the 20th, the UK, France, the Netherlands, Belgium, and the U.S. stocks continued to fall after the opening of the market, with no sign of stopping the decline at all, and even fell more sharply than yesterday.
Chen Wanxian couldn't help being shocked and angry, almost having a heart attack.
Seeing this, he can only hope that after the market opens tomorrow, the Hong Kong stock market can perform miracles.
As a result, it was so easy to wait until 9:30, and the Xiangjiang stock market did not open.
Just when everyone was stunned, the chairman of the Stock Exchange finally stood up and announced that starting from today, the Xiangjiang stock market will be suspended for four days.
There are two reasons for him. One is to calm down the world for investors; the other is that the trading volume was too large yesterday, and many stocks were not settled in time, so the brokerage firm was allowed to handle these transactions during the four days.
Although the two reasons are high-sounding, because the Hong Kong stock market is the only stock market in the world that has announced the suspension of trading, it naturally attracted a lot of criticism for a while.
Especially those overseas hot money, and investors like Chen Wanxian who are eager to sell and cash out, are even more strongly opposed.
Because once the market is closed, Chen Wanxian will not be able to sell and cash out.
And the market has been closed for four days in a row, plus Saturday and Sunday, and the market will not reopen until the next Monday, which will take a week.
Whether it is a bank or an underground bank, they will never give him such a long time.
Perhaps, the killers sent by the underground bank are probably on their way at this time.
Thinking of this, Chen Wanxian lost all hope.
Everything is over, everything is too late.
"If I had known this, I should have listened to that **** back then, and I wouldn't have been frustrated today." Chen Wanxian thought to himself, then took off his belt, and hung it on the chandelier in the study.
…
"I just received the news that Chen Wanxian hanged himself." Chen Taotao came to Xiang Nan and told him about it.
Xiang Nan was taken aback for a moment, then sighed.
Although he knew that a greedy person like Chen Wanxian was destined not to end well.
But it was beyond his expectation that he died so soon.
"Don't be too sad." Xiang Nan then said to Chen Tao, "You have tried your best."
Chen Taotao shook his head, "At first, I didn't really have much affection for him. He didn't recognize my son at all, and never called me. But now that he is dead, I still feel a little sad."
"It's not surprising. He is your father after all." Xiang Nan nodded and said, "After you lose him, your only blood relatives in this world will be gone. I've heard a saying that if your parents are alive, there is still a reason for your life. Parents go, life is only home."
Hearing what he said, Chen Taotao's eyes turned red.
Although Chen Wanxian has never recognized his son, he is still his biological father and son after all, so the feeling is different.
"I suggest you marry Tingting as soon as possible. At that time, you will have a bunch of children. In that case, you will have your own blood relatives, and you will have sustenance." Xiang Nan persuaded, "Otherwise, you will always be alone. Feeling adrift, untethered."
Chen Taotao listened and nodded.
After Chen Wanxian died, he felt that the world was so big, but he had nowhere to rely on. Without parents, the whole person is like a wandering spirit floating in the world, with no place to stay. It's time for him to find a sustenance for himself.
(end of this chapter)