We are all reborn, who wants to be the richest man?

The U.S. stock market plummeted 22.6% on the first day, causing the evaporation of $5000 billion in wealth, equivalent to one-eighth of the U.S. GDP last year.

This blow was like the completion of the Book of the Golden Flower. Global stock markets began to tremble because of the plunge in the U.S. stock market, but no one was spared.

In the following month, the Hong Kong Island stock market fell by 21.12%, pushing the Hang Seng Index directly below 5400 points to 5371.11 points.

Elsewhere, Australia's stock market lost 41.8%, Britain's stock market lost 26.4%, and Canada's stock market fell 22.5%.

This is still the stock market of the big market. The stock markets with smaller market caps are even worse. The New Zealand stock market was cut in half and then plummeted by 62.8%.

During this month, some countries chose to suspend trading as Li Fuzhao suggested, some countries had the government step in to rescue the market, and some countries, like the island country, let securities firms take action.

Hong Kong Island was also not idle. The day after the stock market crash, the Chairman of the Hong Kong Stock Exchange, Li Fook-shaw, the Chairman of the Hong Kong Futures Exchange, Shi Li, and the Financial Secretary, Tang Mingzhi, held a joint press conference.

The first step is for the Hong Kong government to establish a central clearing center in conjunction with the settlement agency within the Far East Bank. This clearing center will become the only certified settlement and handover system in Hong Kong Island.

The Central Clearing and Settlement Center will be composed of 11 directors, with Far East Bank sending four seats, the Hong Kong government sending four seats, and the remaining three seats will be held by prestigious people in Hong Kong Island. The purpose is to supervise the fairness and impartiality of the Central Clearing and Settlement Center.

This prestigious person is very interesting. There are many prestigious people. Who knows what interests are involved in choosing whom and not choosing whom?

In addition to the Central Clearing Center, the next step is to set up the Securities and Futures Commission of Hong Kong Island, with the aim of making Hong Kong Island's financial market more standardized and avoiding or reducing the recurrence of such incidents.

In order to maintain market stability and the interests of investors, the Hong Kong Stock Exchange and the Futures Exchange will add a circuit breaker mechanism.

The circuit breaker mechanism is divided into three levels. When a stock or futures price fluctuates violently in a short period of time, such as when the stock price rises or falls by more than 30% or the futures price rises or falls by more than 10% within 5 minutes, the first-level circuit breaker mechanism will be triggered and the market will be suspended for 15 minutes to allow investors to think calmly.

If stocks and futures rise or fall by more than 30% within 15 minutes after the first-level circuit breaker is lifted, the second-level circuit breaker mechanism will be activated and the market will be suspended for 15 minutes.

If the stock and futures prices rise or fall by 20% after the second-level circuit breaker is lifted, the third-level circuit breaker will be activated and the market will be suspended for the same day.

This circuit breaker mechanism was proposed by Luo Nianzhong. Unexpectedly, the mechanism developed by the United States during the 87 stock market crash to influence the world stock market was first used in Hong Kong.

The third point is that Far Eastern Bank and the Hong Kong government reserve fund will take out 30 billion Hong Kong dollars to cover the bankrupt clearing houses in this stock market crash. As for how to recover this money at that time, that will be discussed later.

Free? How is that possible?

Finally, we encourage companies to repurchase their own stocks to achieve the goal of rescuing the market. Among them, several listed companies in the Far East Group have decided to initiate stock repurchases.

It is precisely because of this that the Hong Kong stock market has not been nearly halved as it has been in history, which has given investors more confidence.

The world's focus was on the financial market throughout late October and November, but Luo Nianzhong was aggressively buying bottoms in integrated industries.

Central, Audi Building, headquarters of Audi Group.

The Audi Building is the former Swire House. After Luo Nianzhong took over Island Land, he sold the building to Far East Motors Group in order to accelerate the reconstruction plan of Central.

One is to raise funds, and the other is to build a headquarters for Far East Motors to facilitate its separation.

Originally, Luo Nianzhong planned to wait until the current president of Far East Motors retired next year before carrying out this matter, but a serious illness forced him to advance his plan.

On December 12, Far East Motor Group was officially renamed Audi Group and became completely independent. Piech took office as the first CEO.

Standing in his office on the 46th floor of the Audi Building, looking at the towering steel torrent and the world-renowned corporate signs outside, Piech suddenly felt full of pride.

With his hard work and ability, he finally became the head of a world-class car company. Next, he will develop this car company to a more brilliant future and achieve the goal he has always kept in mind.

Piech's promotion to the top was not as simple as just changing his name. Luo Nianzhong had prepared a big gift for him.

On October 10, Far East Automotive Group acquired 28% of the shares of Continental AG, Germany's fourth largest auto parts manufacturer, for US$7.8 million, becoming its largest shareholder.

Since then, this parts supplier with strong strength in the fields of tires, braking systems, engine injection systems, body stability systems and tachometers has joined the Far East Automotive Group.

On October 10, Far East Motor acquired General Tire of the United States for US$31 million and entered the North American tire accessories market.

On November 11, Far East Motor acquired Getrag Transmission Systems, a manufacturer of transmission systems for private cars and commercial vehicles, for US$6 million, entering the transmission system field.

On November 11, Far East Motor acquired Aisin AW, a subsidiary of Shimakoku Seiki, which produces automatic transmissions.

This acquisition forced Luo Nianzhong to exclude the island country companies from the subsequent parts integration plan because they were too expensive.

US$14.96 billion. This is how expensive it is for an accessories company that currently only occupies a certain share of the automatic transmission market in the island country.

If other first-class automatic transmission companies were not unwilling to sell, Luo Nianzhong would never have paid the money, even though he knew it would be worth it in the future.

Wait for the island nation’s stock market to crash? Forget it.

Luo Nianzhong knew that it would only become more expensive at that time, and the biggest impact would be on the large listed companies, which did not include Aisin AW.

On November 11, Far East Motor completed an investment of US$16 million in Canadian auto parts supplier Magna, becoming Magna's second largest shareholder with a 5.8% stake.

Although Magna is not yet one of the largest automotive parts suppliers in the world, it is still quite large.

In addition to the design and manufacture of chassis frames and chassis, Magna Group has a large market share in interior and exterior trim, seats, closures, mirrors, etc.

The key is that Magna is one of the world's largest vehicle OEMs and manufacturers, and can form a good complement to Far East Motor. This is also the biggest reason why they agreed to Far East Motor's investment.

Do you think that the integration of most of the parts suppliers is over? How could it be possible?

Taking advantage of such a good opportunity, Luo Nianzhong expanded the product matrix of Far East Motor Group.

First, on November 11, right after acquiring Getrag Transmission, it acquired the German bus company Neoplan, officially entering the bus and coach field.

On November 11, it acquired Saab Scania's truck business and Scania brand for US$21 million, and began to enter the truck business.

On November 11, the Italian motorcycle brand Aprilia was acquired for $27.

Since then, before Piech took over the Audi Group, Luo Nianzhong gave him a big gift.

And the gift is not over yet. The renamed Audi Group is negotiating an acquisition with KTM, an Austrian off-road motorcycle and bicycle manufacturer, and Trek, a high-end bicycle brand in the United States that was established just 13 years ago.

Both acquisitions are progressing smoothly and if nothing unexpected happens, they will be officially announced before the end of the year.

"From now on, the Audi Group will be completely handed over to you, and I look forward to it achieving greater success under your management."

On Piech's first day in office, Luo Nianzhong would definitely come to offer his support.

"Don't worry, although the Audi Group is now one of the world's largest automotive giants, I will prove that your choice is correct."

Piech is full of fighting spirit, and Luo Nianzhong can feel it.

"I haven't forgotten my original promise, but not now. You have to prove yourself and wait for opportunities."