According to the current exchange rate, 30 million Hong Kong dollars is almost 3.9 million US dollars.
Chen Ziqiang took the initiative to chip in and gave Xu Yiyang 4 million.
For Chen Ziqiang, this time it was really a big hemorrhage.
But there was no way, let alone any choice, to let his unsatisfactory son offend a big shot that the second son of the Li family valued very much.
The more limited Hong Kong is, the less likely these middle class people and entry-level wealthy people will dare to offend the top few.
The top families stamped their feet, and a large number of wealthy people below were immediately frightened out of their wits.
This is mainly because Hong Kong is too small and lacks sufficient strategic depth.
In Hong Kong, if you offend someone you can't afford to offend, taking a one-hour boat ride to Macau, which occupies a smaller area, is already considered "running away".
Running to Taiwan is almost the highest level of "running away".
Unlike in the Mainland, if you offend a very powerful person in a certain city, you can search for a city a thousand kilometers away on the map. If you change the place in a month, you will never be able to change it in your lifetime.
This is called strategic depth.
This is also a major reason why during World War II, the Chinese people were able to fight unremittingly against the invaders on the land of the motherland and persisted until the victory of the Anti-Japanese War.
Chen Ziqiang's home, real estate and business are in Hong Kong. If he offends the Li family, he will not be able to stand in Hong Kong in the future and the whole family will have almost no way out.
Even if you bite the bullet and immigrate, everything will have to start over.
Real estate will be sold at a discount and businesses will be completely shut down.
In that case, the loss would be more than HK$30 million.
Therefore, using money to settle the matter and teach him a lesson is his best solution at the moment.
Xu Yiyang opened a private U.S. dollar account at Citibank. Chen Ziqiang personally transferred US$4 million into his account, and then signed the settlement document under the witness of a lawyer.
The content of the settlement agreement is that Chen Ziqiang’s son, Chen Wei, extorted Xu Yiyang, and Chen Ziqiang voluntarily compensated Xu Yiyang’s mental damages of US$4 million.
Although he knew it was impossible for him to betray him, Xu Yiyang still hoped to have a backup plan.
After the money arrived, Xu Yiyang called Li Zekai in front of Chen Ziqiang and said, "Mr. Li, I have received the Chen family's sincerity. This matter is over. I hope you know."
Li Zekai breathed a sigh of relief and said, "Mr. Xu, do you have time in the evening so that I can host a banquet for Mr. Xu?"
Xu Yiyang knew that if he refused at this time, he would not give Li Zekai face, and Li Zekai would have a big opinion of him later.
So he said without hesitation: "No problem, you decide the time and place."
Li Zekai said: "Let's do this. I will pick you up at the University of Hong Kong around 5:30."
Xu Yiyang said hurriedly: "Mr. Li, I won't bother you to pick me up in person. You can just tell me the location and I will go there myself."
Li Zekai said politely: "Mr. Xu came to Hong Kong for the first time. It will be inconvenient without a car. It's better for me to pick you up. That's it."
Xu Yiyang stopped refusing and said, "Okay, then I'll trouble Mr. Li."
After hanging up the phone, Chen Ziqiang next to him breathed a sigh of relief, but also felt terrified.
He couldn't figure out what this young man from the mainland was like. Not only did the second young master of the Li family have to stand up for him, but he also had to drive over to pick him up when he invited him to dinner. This was a bit too much for him.
Fortunately, this trouble was solved. Although it cost a lot of money, a catastrophe was avoided.
…
Xu Yiyang, who received four million U.S. dollars, began to think about what he should do with the four million U.S. dollars as soon as he left the bank.
shopping? nonexistent.
People like him are thinking about how to use money to make money.
Four million US dollars is not a small amount of money, it is more than 30 million yuan.
I spent a lot of time selling lecture cards, sacrificing tuition profits, and absorbed nearly 10 million in cash. I borrowed another 3 million from Zhao Hansheng's son, and then put them all into the stock market and borrowed the epic 519 quotation, and only made 3 million. More than ten million.
But to earn more than 30 million, I had to go through a lot of trouble.
I earned more than 30 million in less than 24 hours.
Thinking of the stock market, Xu Yiyang suddenly thought, with US dollars in hand and being in Hong Kong, wouldn't he be able to open an account to speculate in Hong Kong stocks or US stocks at will
Today happens to be February 29th, the last day of February.
The global Internet bubble burst and the stock market crash happened on March 13, 2000, that is, next month...
It may seem that those who speculate in U.S. stocks now seem to have joined the German army in 1945, but in fact, the peak market price of Nasdaq was from March 1, 2000 to March 13, 2000, a short period of more than ten days.
In the past ten days, the Nasdaq index has continued to soar, setting a record, and at the same time, many technology stocks have skyrocketed.
As long as you seize these ten days and withdraw in time when the market crashes on March 13, you will be equivalent to seizing an epic rising market!
Just let it go for the subsequent big crash. You can leave with your money anyway.
Recalling the collapse of the Internet bubble, Xu Yiyang has a profound memory.
At that time, he was studying in college in Quancheng. A young professor who was very concerned about Silicon Valley and the Internet used his economics course to explain and analyze the whole story of the stock market crash in real time.
Even more than a year after the Internet bubble burst, the young professor continued to follow up. Not only did he organize several interested students in the school to set up a research group, he even led them to complete an article titled The paper "The bursting of the Internet bubble is the inevitable return of the market to rationality".
This paper was later fortunate enough to be published in a well-known domestic financial journal. Xu Yiyang, as a member of the research team, became the fourth author of this paper.
Although he was just following the professor to make soy sauce, Xu Yiyang can be said to have fresh memories of the entire process of the bursting of the Internet bubble.
In Xu Yiyang's memory, on Friday, March 10, 2000, the last trading day of the Nasdaq week, the Nasdaq index would rise to a historical peak of 5132.52.
Then it pulled back to close at 5048 points that day. Two days later on Monday, March 13, the Nasdaq began to collapse and the Internet bubble burst!
During this period of time, individual technology stocks have performed extremely well, and the best among them is the chip field.
The strongest performing stock in the chip field during this period is the famous graphics card and video memory giant, NVIDIA!
Xu Yiyang understood NVIDIA's stock price trend before the Internet bubble collapsed, not only because the professor at the time introduced it to everyone as a special case, but also because as a game enthusiast himself, he had a very in-depth study of NVIDIA's history after graduation. understanding.
After all, Nvidia's graphics cards were Xu Yiyang's belief when he was young.
Xu Yiyang reviewed the information he had read and found that Nvidia is now in the "highlight moment" of its own development.
ATI, which has not yet been acquired by AMD, lags behind NVIDIA in terms of technology and product strength, so NVIDIA is almost invincible in the world.
During this period, NVIDIA's development was extremely fast, so fast that even Microsoft was afraid of it.
In March, after the Internet bubble burst, Nvidia's stock price continued to rise all the way until June, which is enough to show how strong Nvidia's performance is.
Then, Microsoft began to attack Nvidia. Not only did it stop cooperating with Nvidia on Xbox, but it also teamed up with Nvidia's archrival ATI to attack Nvidia from both sides, making Nvidia miserable.
NVIDIA's stock price was once suppressed from US$70 to US$7 by Microsoft and ATI.
However, this was all after 2001.
Now NVIDIA is a rock-shattering stock among Nasdaq technology stocks, and it is also a rock-shattering stock whose stock price has doubled in just ten days!
If you can seize this opportunity, you will definitely make a lot of money!
Thinking of this, he couldn't help but feel lucky that the time for this exchange event was just right.
If you were still in the mainland, it would be extremely difficult to speculate in U.S. stocks.
First, it is difficult to open an account, and second, it is difficult to exchange currency.
The country's current foreign exchange controls are still very strict. Ordinary people only have a foreign exchange quota of about a few thousand dollars a year. It is like a mosquito to rely on this amount to speculate in U.S. stocks.
Now Xu Yiyang already has four million US dollars in his hands.
And he can open an account at will in Hong Kong. In this way, he can take the four million US dollars and become a big player in the US stock market!
Xu Yiyang immediately transformed his thoughts into practical actions.
Taking advantage of the fact that there was still a little time before class started in the afternoon, he found a powerful brokerage, First Securities in the United States.
Later, Xu Yiyang used the account opening fee of 4 million to open a stock account for himself that could operate both US and Hong Kong stocks.
Opening an account with US$4 million is already a very top high-end customer for Firstrade, so Xu Yiyang got a securities broker, a middle-aged American named Paul Anderson.
Paul Anderson was very shocked that Xu Yiyang could invest four million in the stock market at such a young age. In order to earn more commissions, he kept recommending Xu Yiyang's stocks in various unknown American junk companies, and even Original shares of an unknown company about to go public.
Xu Yiyang refused them all.
Paul Anderson asked him: "Mr. Xu, which stocks of companies are you planning to invest in at the beginning?"
Xu Yiyang said: "When the U.S. stock market opens in the evening, I will watch the stock selection myself."
Paul Anderson hurriedly said: "Mr. Xu, you may not understand the operating mode of U.S. stocks. U.S. stocks are relatively volatile, and you may suffer huge losses if you are not careful. So I still recommend that you accept the advice of our broker and buy some potential stocks." Larger stocks.”
Xu Yiyang chuckled and said to himself, it's not like I haven't watched "The Wolf of Wall Street". How can I still not understand what you stockbrokers are doing
The more junk the stock, the higher the commission for the brokerage. For example, if the brokerage sells a share of a large company's stock, the commission is 3%. If it sells a share of a junk company's stock, the commission can even reach 30% or even higher.
Such junk stocks themselves are very worthless, and the company's performance is also poor. They want to go public to make money, but no one subscribes to the shares to be issued during the IPO. In the end, they can only entrust these brokers to help deceive them.
Generally, such a stock will fall so low that even its mother doesn't recognize it when it goes public. Investors will lose a lot of money, but the broker will make a lot of commissions.
Paul Anderson was still deceiving him and tried his best to persuade him: "Mr. Xu, if you are willing to accept the opinions of our professionals, then we can definitely help you make a lot of money!"
Xu Yiyang said: "Come on, buddy, I'm not targeting you. If your advice can really make me a lot of money, you will be the one with four million dollars, not me."
One sentence slapped Paul Anderson on the face, making him extremely embarrassed.
But what Xu Yiyang said is right.
If he could really make money by recommending any stocks or stocks, he would have made a fortune long ago. Why would he still be a stockbroker here
Seeing that he was embarrassed to fool him again, Xu Yiyang smiled at him, waved his business card and said, "If you need anything, I'll call you."
After saying that, I went out to catch the car and returned to HKU.
On the way back to HKU, Xu Yiyang was thinking about one thing.
How to get more money.
(End of chapter)