Reborn in 2014: A One-Man Tycoon
Chapter 386 Then I'll just wash my hands of it!
The reason Huang Lao called Meng Chuan today was to ask Meng Chuan to keep an eye on things.
Canon and Nikon are currently selling off their stock, which is considered normal market behavior.
As long as they don't choose to short sell, no one can find fault with them.
After all, the stock market is a free market; it can't just allow others to buy but not others to sell, right?
When there is bad news in the market, anyone would sell their stocks to cut their losses.
Moreover, whether BlackRock, Canon, and Nikon are colluding to orchestrate this is still just speculation.
There is no direct evidence yet to suggest that they are colluding to maliciously short sell.
However, Meng Chuan has never liked a simple life.
Meng Chuan's intuition told him that there must be something wrong between them.
Meng Chuan and Ying Die returned to the basement.
The trader in the basement also happened to be monitoring the abnormal fluctuations in the non-ferrous metals sector and was preparing to report it to Meng Chuan.
Seeing Meng Chuan walk in, he hurriedly said to Meng Chuan:
"Young Master, the non-ferrous metals sector has just experienced abnormal fluctuations, with an overall decline of 5%. This is mainly due to the sharp drop in the stocks of two state-owned enterprises, Aluminum Corporation of China and China Gold, which almost both hit their daily limit down."
"I understand. Continue monitoring, but don't take any action yet."
Meng Chuan frowned as he looked at the large plate in front of him.
Many people know that Canon and Nikon are both leading companies in the semiconductor industry.
Their demand for non-ferrous metals is enormous.
Both of these companies have been selling off large amounts of non-ferrous metal stocks, and this is backed by statements made by BlackRock.
This can easily trigger panic in the market.
Moreover, the domestic economy itself has been somewhat sluggish since 2015.
Or rather, the global economy has experienced varying degrees of decline.
This is due to the macroeconomic situation; many countries' economies have entered a period of stagnation.
Many countries are also actively seeking economic reforms and breakthroughs.
But I've been struggling to find a solution.
They are even more afraid that flawed reforms will worsen the economic situation.
This is why Meng Chuan's graduation thesis caused such a sensation in the country.
Meng Chuan's graduation thesis can be summarized in just a few points:
Promote technological innovation.
Cultivate innovative talents.
Promote industrial restructuring and upgrading.
Optimize the economic structure.
Expanding domestic demand and strengthening international cooperation, etc.
History has proven that as long as these points are strictly implemented, explosive economic growth can be achieved.
China has set a good example for the world.
Many countries followed China's lead and "copied" its methods.
In other words, due to the impact of the macroeconomy, non-ferrous metals are on a downward trend worldwide.
The speech by BlackRock further exacerbated the already dire situation for the non-ferrous metals sector.
But Meng Chuan knew that starting in early 2016, the country began to implement the points he mentioned in his paper.
We began to vigorously develop emerging industries.
This is especially true for the new energy vehicle industry and the photovoltaic industry.
These two industries have driven demand for non-ferrous metals, leading to price increases and consequently boosting related stocks.
This has led to a peculiar phenomenon: non-ferrous metal stocks are declining globally.
However, prices in China have bucked the trend and risen.
But these are all things for later.
The market is starting to panic, and many people are selling off their shares.
It's difficult to stop this panic by forcibly raising prices with money.
Even if it can be boosted, the price to pay will be very high.
"Our primary focus should be on monitoring whether Canon and Nikon are shorting the stock. Without my orders, we cannot intervene for the time being."
Meng Chuan suddenly spoke up.
If Canon and Nikon are simply selling off their shares, Meng Chuan can ignore it.
If they are worried about losses in their own businesses and want to sell off their shares and leave the market, Meng Chuan will not stop them.
However, if they choose to short sell, hoping to make a quick fortune, then Meng Chuan cannot simply sit idly by.
After all, the main market for these two small businesses is China.
They're eating Chinese food, yet they want to overturn China's pot.
If Meng Chuan doesn't kill them, who will he kill?
"Young Master, we've detected that Nikon has started shorting the market. They've placed 200,000 short positions in gold. The total value is 360 million."
The trader suddenly said.
"Young Master, Canon has also placed a short order for 300,000 lots of aluminum stocks, with a total value of 3.144 yuan."
"Another trader said."
The current price of gold on the stock market is 18 yuan per share.
Two hundred thousand lots equals twenty million shares.
The stock price of aluminum companies is 10.48 yuan per share.
Three hundred thousand lots is thirty million shares.
The total value of both is around 300 million yuan.
"Hedge them off; the price can't fall to the daily limit."
Meng Chuan said in a deep voice.
Gold and aluminum prices had already declined, nearly hitting their daily limit down.
If they continue to short-sell so recklessly, the stock will immediately hit its daily limit down.
The traders immediately took action, and these short positions were instantly wiped out.
At the same time, Meng Chuan also took out his phone and dialed Huang Lao's number:
"The evidence is conclusive; they are indeed working together to short the market."
"I know."
Old Huang's tone was equally unpleasant.
Because, like Meng Chuan, he is constantly monitoring market developments.
"Old Huang, I want to go big, and I need your cooperation."
Meng Chuan spoke into his phone.
"Just tell me what your plans are, and all I can do is act legally and compliantly."
Old Huang said somewhat cryptically.
His position represents the government, so he cannot act openly on many matters.
Abuse of power is no less than killing the goose that lays the golden eggs.
If this leads to a crisis of confidence, and foreign capital no longer dares to enter the country, it would be disastrous for the national economy.
"I will definitely not let you make any political mistakes."
Meng Chuan said with a smile:
"I want to lure these two small investors into increasing their short-selling funds. You need to help me stop their account trading in time and prevent them from closing their positions to stop losses..."
It wouldn't be difficult for Meng Chuan to secretly swindle these two young people out of their capital.
The difficulty lies in figuring out how to swindle them out of a large sum.
Capital that operates in the stock market, especially multinational capital, consists of truly cunning old foxes.
Otherwise, these investors wouldn't dare to venture across borders.
Once they discover that the market trend is not in line with their expectations, they will definitely close their positions and stop losses immediately.
In this way, Meng Chuan could at most make them bleed a little.
It's not easy to get a piece of their bloody flesh.
However, if foreign capital is invested and suddenly gets trapped, it may be unable to sell its shares smoothly in a short period of time.
That gives you a lot of room for maneuver.
"What are you thinking? You're trying to make this old man a sinner against the country!"
Old Huang angrily interrupted Meng Chuan, saying:
"my country's Securities Law explicitly prohibits any entity or individual from influencing securities trading prices or volumes through improper means, and prohibits market manipulation. If I were to lead the way in violating market regulations..."
"Can you let me finish?"
Meng Chuan interrupted Elder Huang impatiently before saying:
"I don't need you to do anything. You just need to keep an eye on their accounts. If there's anything unusual about their accounts, you just need to shut them down as quickly as possible."
"...Are you sure this is it?"
"I am sure."
"What exactly do you want? If you break the law, I'll do the same..."
"Then I'll just wash my hands of it!"
"You...you'd better take it easy, don't be too obvious, hanging up...beep beep beep..."
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