The Shanghai Stock Exchange was set up earlier than in his previous life. Feng Yu was prepared for this. Although the international stock market was not doing well, Hua Xia's stock market was not linked to the international market. Almost no foreigners were buying Hua Xia's shares. The current generation of Chinese investors was enough to convince the higher-ups to set up the exchange.
Feng Yu felt that he was the biggest investor in Hua Xia's stock market now. No one should be buying more than him.
After the news of the establishment of the Shanghai Stock Exchange was announced, all the share prices started to rise. Following that, the newspapers and TV news announced the list of the first batch of companies to be listed.
As expected, all the companies that were listed successfully got listed.
Hua Xia's stock market will continue to rise for a period of time until the end of the year. But from the beginning of next year, after the dividends were distributed, some people will start to sell their shares. The rise will slow down and even fall slightly.
Feng Yu decided to sell some of the shares that he did not have a deep impression of at the end of the year. In March or April of next year, he will buy all the shares when the stock market falls slightly.
Compared to Feng Yu, Fu Rongjing, who was in Hong Kong, was frowning.
He had invested a large sum of money into Rubles. It was almost all the money he had at his disposal. He had wanted to make a fortune in the next two months. But the Rubles' prices did not rise. Instead, it fell.
At the start, when he was trading Rubles, the Rubles did rise slowly. But soon, it fell. He thought that this was normal fluctuations. According to Feng Yu's information, the Soviet Union Government will increase the value of Rubles.
With the Soviet Union's strength, it should not be a problem for them to increase the value of Rubles.
But Rubles did not rise and continued to fall slowly. This week, Rubles fell even faster. If this carries on, all of Fu Rongjing's Rubles futures contracts will be liquidated before Friday!
Fu Rongjing could not understand why this happened.
Fu Rongjing had good control over the market. The reason why the Fu family had such a good sales channel was because of Fu Rongjing's suggestion. But in the financial market, Fu Rongjing was not good at it. Feng Yu had no choice but to ask Fu Guangzheng to go to Fu Rongqi to find out when Rubles will rise. At least, it should not fall anymore.
But the news Fu Guangzheng brought back shocked Fu Rongjing.
Rubles cannot rise anymore. The Soviet Union also does not have the energy and funds to pull up Rubles. This was because the Soviet Union was in a civil war, and the whole Soviet Union was in danger of disintegration!
What? Fu Rongjing could not believe it. How could the Soviet Union disintegrate?
If the countries have different opinions, they can be independent, but they shouldn't be disbanded. Just like the Commonwealth countries, wouldn't it be better to maintain a kind of cooperation?
Fu Rongjing asked his men to gather information about the Soviet Union. He will never believe it. It must be Fu Rongqi lying to him!
Fu Rongjing sat on his chair after reading the news.
He didn't even know that four countries had left the Soviet Union!
Lithuania was the first to declare independence from the Soviet Union, followed by Latvia and Moldova, but they were all rejected by the highest government of the Soviet Union. What made Fu Rongjing speechless was why did Russia announce to leave the Soviet Union? That was the headquarters of the Soviet Union and the strongest ally of the Soviet Union.
If Russia also leaves the Soviet Union, then the Soviet Union will only exist in name!
If the Soviet Union was going to be gone, how could they pull up Rubles?
How did this happen? How did this happen?
What made Fu Rongjing speechless was that all these happened before Feng Yu came to Hong Kong, and he did not even know about it! If he knew about it, he would never believe Feng Yu and bet on Rubles rising!
Now, it's over. Everything is over. That 400 million HKD will be gone.
Rubles continued to depreciate, and now it was 1.1 Rubles: 1 USD. All his Rubles futures contracts were forced to close out because he did not have any additional funds!
If he were to sell his assets, he could still have additional funds. But now, he knew that even if he added more funds, he would still lose everything. Rubles could no longer be stopped!
On the day the 400 million HKD was gone, Fu Rongjing called Fu Guangzheng home and scolded him. He even gave him a slap.
Fu Guangzheng found out what had happened after he asked his father. He also did not know that his father had invested 400 million HKD. His father's assets were only about 1 billion HKD. Last year and this year, he had given Fu Guangzheng a lot of money to invest.
To prevent his eldest son from accusing him of being biased, Fu Rongjing had given his eldest son more assets.
After losing 400 million HKD, Fu Rongjing's net worth was less than 300 million HKD. Most of it was in the company's shares and fixed assets. He was only left with a few hundred thousand HKD in the bank. It was not even enough to cover the company's expenses!
"Dad, why did you use all your money to buy futures? I had asked you to discuss with Eldest Uncle, but you did not listen to me. Why are you blaming me now? " Fu Guangzheng felt wronged. This was not his fault, and he was also not the one who asked his father to invest in Rubles futures.
"You still dare to say it's not your fault? If you did not bring that idiot here, will I be cheated? 400 million! That's 400 million! "Fu Rongjing's voice was trembling.
"Guangzheng, how much money do you have left? Let's pool our money together. If not, my father's company's cash flow will be broken next month." Fu Guangzheng's elder brother, Fu Guanghui, said.
"I had just invested in a new factory in China, and I do not have any money now. Even if I sell some of my shares in China, I can only take out about 10 million."
"I can take out 20 million HKD, but it is not enough. I need at least 100 million HKD for my father's company to run smoothly."
"Why don't we borrow some money from Eldest Uncle?" Fu Guangzheng asked.
Fu Rongjing lowered his head and did not say a word. Borrow money from Fu Rongqi? Fu Rongqi will surely ask him where did his money go. How can he say that he had lost all his money by trading in Rubles futures?
Fu Rongqi had always said that he was not suited to the financial industry, but he was not convinced. If he were to borrow money from Fu Rongqi now, he would be a laughing stock. Also, his second and third sons will surely mock him.
"No. I will use the company as collateral and get a loan from the bank!" Fu Rongjing said.
"Dad, why don't we borrow from Eldest Uncle instead of getting a loan from the bank? Furthermore, if the company's partners know that we owe the bank a large sum of money, they will be worried about our solvency and will not continue working with us. "Fu Guanghui said.
"If you all want to go, you all go. I am not going!" Fu Rongqi said and returned to his bedroom.
Fu Guanghui sat down with Fu Guangzheng and asked his father why Feng Yu had lied to him. What happened?
Fu Guangzheng told his father about what happened, and Fu Guanghui frowned. This seems to be a scam against his father. He also asked Feng Yu why did he set a trap for his father? Fu Guangzheng told his father about what happened, and Fu Guanghui frowned.
Fu Guangzheng shook his head when he found out that it was his father who had snatched Aiwa's shares from Feng Yu. His father was in the wrong, but Feng Yu should not have lied to his father.
Hong Kong's Fu family was not a pushover!
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