Reborn in 2014: A One-Man Tycoon

Chapter 431 Meng Chuan's identity is exposed

Meng Chuan's guess was correct; the information Morgan spread was intended to force Meng Chuan, this "private capital," to the surface.

Before the merger of Shang'an Real Estate and Liu's Group, it was "private capital" that supported the stock price at 40 yuan per share.

Otherwise, the Liu Group would have already hit its daily limit down.

Now they are targeting the Liu Group, insisting on using it as a breakthrough point.

This wasn't because they were acting out of spite, but because of the merger between Liu's Group and Shang'an Real Estate.

The stock price has surged from 40 yuan per share to 82 yuan per share.

It has more than doubled in price.

Moreover, the price continues to surge, and the three major capital groups have already lost more than 2400 billion yuan.

If they continue to lose money, the boss won't let them off the hook!

Therefore, they had to force Meng Chuan out, either by making a real deal in the stock market.

Either fight it out in real life, with real weapons.

They would absolutely not allow Meng Chuan to hide in the shadows, because the most terrifying enemy is the one that cannot be seen.

As a flood of pessimistic comments emerged, the Shanghai Composite Index plunged in the afternoon session.

Heavyweight stocks in sectors such as banking, oil, and insurance led the decline in both markets.

Stocks related to internet finance, cultural media, and cybersecurity also cooled down, causing the ChiNext index to plummet.

Panic began to spread in the market.

Investors sold off their shares, causing the stock price to plummet.

On the very first day of the stock market crash, nearly a thousand stocks in the A-share market hit their daily limit down.

Meng Chuan looked at the data that Dao had presented to him, and it was shocking.

Meng Chuan knew that this was just the beginning of the stock market crash, and that the market would continue to decline sharply thereafter.

Based on past experience, the A-share market would have seen nine sharp declines and 17 instances of over a thousand stocks hitting their daily limit down within three months.

The average decline in A-shares was nearly 40%, with the total market capitalization halved. The magnitude and speed of the decline are unprecedented in history.

By the end of the stock market crash, the total market value of A-shares, which was 72 trillion yuan, had been reduced to only 20 trillion yuan.

Foreign exchange reserves evaporated by $8000 billion, which is equivalent to 5.6 trillion yuan.

In other words, this stock market crash cost China nearly 60 trillion yuan in wealth in just a few months.

It also left behind tens of thousands of bankrupt companies.

These are just the direct losses; the indirect losses are even more incalculable.

With a large number of companies going bankrupt, the entire industrial or supply chain came to a standstill.

Many of the bankrupt companies were still high-quality assets, which were snapped up by foreign capital at rock-bottom prices.

On the surface, this stock market crash only set China's economy back five years.

The indirect effects, however, did not fully recover until 2024.

Meng Chuan may not be able to ensure that the A-shares market remains unscathed.

But Meng Chuan hoped to do his best and leave the rest to fate, minimizing the losses.

"Dao, help me write some articles and spread them as rumors."

Meng Chuan called Dao to his side and said:

"Just say that I am the 'private capital' that everyone is curious about, and that I am fighting against foreign capital."

"Douyin, Pinduoduo, Mengpo Guild, Hongda International, and Liu's Group are all my businesses."

"My funding comes from Dream Shadow Capital."

The information Meng Chuan provided was almost entirely true.

Only the last point is false.

On the contrary, Mengying Capital's funding came from Meng Chuan.

"clear."

Dao didn't even ask why; he simply followed Meng Chuan's instructions.

"Meng Chuan, isn't this too risky?"

Yingdie asked with some concern.

There are quite a few foreign investors who hate Meng Chuan now, and they are all top-tier foreign investors.

In particular, the Goldman family of Goldman Sachs.

Meng Chuan killed Blood Blade, the illegitimate son of Henry Goldman, the head of the Goldman family.

Moreover, the Goldman family inexplicably lost nearly thirty Deadpools.

It could be said that the financial loss was secondary.

Deadpool's loss is the one that is truly irreparable.

Once Meng Chuan's identity is exposed, it's easy to imagine that he will definitely be the focus of attention for foreign capital.

"The three major capital groups aren't stupid either; they're unlikely to believe anything that's completely fake news."

Meng Chuan smiled indifferently:

"Besides, since I've decided to rescue the market, I'm not afraid of danger. And I also need to tell shareholders that even during a stock market crash, my companies can be their safe haven."

Meng Chuan's purpose in listing Pinduoduo, Meng Po Guild, and Hongda International was to provide shareholders with a safe haven.

While no one is immune to a stock market crash, the stocks of companies under Meng Chuan's control are certainly safer than those of other companies.

Meng Chuan certainly didn't expect to be able to protect all stock market investors.

If investors don't believe Meng Chuan, then they should pretend he didn't say anything.

Good advice is useless against a damned ghost; let's just protect as many as we can!

Faced with Meng Chuan's righteous indignation, Ying Die ultimately said nothing more.

Perhaps this is one of the reasons why Meng Chuan is worth following to the death.

All she could do was silently protect Meng Chuan.

Once the rumor was spread, it instantly caused a huge uproar on the internet.

Netizens never imagined that the mysterious "private capital" was actually Meng Chuan.

This news immediately put Meng Chuan back on the trending topics list.

[No way, Meng Chuan is actually the controlling shareholder of so many companies?]

Whether it's Douyin, Pinduoduo, Meng Po Guild, or Liu's Group, these are all well-known companies.

He's only nineteen, a top scorer in the college entrance exam, a Nobel Prize nominee in economics, and a billionaire—what an incredible life!

I knew my idol was extraordinary, but I never imagined he would be this incredible.

[Idol, please come out and clarify! I just want to admire you, not be jealous of you!]

Brothers, if you're going to invest in stocks, look for stocks backed by your idols!

[Buy my idol's stock! I'll sell everything I own to support him!]

[If I buy stock in my idol's company, does that mean I've become a shareholder of my idol?]

The internet was in an uproar.

Of course, doubts and criticisms also arose.

In financial forums and on Weibo, there are quite a few dissenting voices:

I just want to know where Meng Chuan's money came from.

[Yes! From a poor boy to a trillionaire in just six months, even novels wouldn't dare to write something like that.]

Do you think he might also be just a pawn in the game of foreign capital?

[Whether they are pawns of foreign capital is hard to say, but the fact that so many of Meng Chuan's companies are choosing to go public at this time is highly suspicious. Could it be that they are also trying to make a quick buck and run?]

As various voices emerge online, many economists have also begun to join the discussion:

[Pushing companies to go public before a stock market crash—what's the difference between that and suicide?]

[Meng Chuan is ultimately too young. The operating rules of the capital market will not change because of personal glory. Meng Chuan may be going to lose everything this time.]

Renowned financial commentator Zhou Zhen pointed out in a column:

The public's worship of genius has clouded rational judgment. The complexity of financial markets far exceeds textbook theories, and a Nobel Prize nomination in economics does not equate to practical ability; the accumulation of experience requires time.

Yes! There are no geniuses in economics, and experience is always king in finance.

……

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