Chapter 502: The Stock God—Witness the Miracle!

Hong Kong Island. Far East Stock Exchange!

Just as the bigwigs from major families and conglomerates had gathered at the Far East Exchange to witness a miracle, the Governor’s Office suddenly announced news that sent a chill down everyone’s spine: The British Hong Kong government had abandoned its market rescue efforts!

Although the series of measures taken by the British Hong Kong government since the stock market crash had not yielded significant results—at best, they had only managed to stabilize the market for a single week—

But their stance was clear, and investors had at least seen their efforts to rescue the market, which gave them a glimmer of hope.

After the stock market’s second plunge, although the British Hong Kong government had taken no further action, it had not directly announced that it was giving up on the bailout, so everyone still clung to a sliver of hope.

After all, Hong Kong is currently under British rule. Even if the Hong Kong government lacks the capacity, as long as London does not abandon Hong Kong, the stock market still has a chance, and people might be able to salvage some of their hard-earned money.

More importantly, a few days ago, the British Hong Kong government publicly announced that they were seeking assistance from London and were awaiting a response from Downing Street.

And this would be the last shred of hope for all investors!

Just moments ago, the official reply from London arrived!

However, it wasn’t the full-scale bailout Hong Kong Islanders had hoped for—it was a rejection. They’ve been abandoned!

Although many had long suspected this outcome, hearing the British Hong Kong government publicly announce London’s response still left them feeling a deep sense of helplessness and anger.

Hong Kong is known as the last shining jewel in the Queen’s crown, and every year, London takes away tens of billions of dollars from Hong Kong.

Of course, London’s methods of taking money are very covert; it is not done through taxation. They publicly claim they have never taken a single penny from Hong Kong.

However, they have virtually monopolized all resource-based industries on Hong Kong Island—such as electricity, energy, and transportation—essentially cornering every profitable business.

Furthermore, they control all of Hong Kong Island’s infrastructure. The new Hong Kong International Airport alone has netted London hundreds of billions of dollars. Despite Hong Kong Island’s relatively small size, it generates tens of billions of Hong Kong dollars in wealth for London every year.

Precisely for this reason, many Hong Kong Islanders believe that even to safeguard sustainable interests, 10 Downing Street would never give up Hong Kong Island.

However, they still overestimated Hong Kong’s standing in the eyes of the colonizers. Under the influence of colonialist thinking, how could those British officials possibly dip into their own pockets to bail out a mere colony?

So, when Hong Kong Island truly needed London’s help, they chose to turn a blind eye—and Hong Kong Island was ruthlessly abandoned!

Soon, the news spread like wildfire across the entire island!

And this was the final straw that broke the camel’s back. Upon learning that London would not invest even a single pound in Hong Kong’s stock market, investors’ last shred of hope was shattered.

Everyone was in despair, desperate to get out as quickly as possible!

And so, the stock market—already in free fall—collapsed completely…

……..

By the time the market was temporarily closed at noon, the Hang Seng Index had plummeted to 1,229 points, just 29 points away from breaking the 1,200-point threshold.

Everyone knew the Hong Kong stock market was finished!

Even Li Yunbao, who had been waiting in the VIP lounge to watch Li Yi’s humiliation, panicked. When trading was suspended at noon, he used the excuse of going to lunch to drag the reluctant Li Yunling out of the stock exchange.

Although Li Yi knew the kid was scared, he didn’t call him out on it.

Knowing Li Yunbao as he did, he realized that while the guy was a bit stubborn, he was also a man of his word and would never go back on his promises.

All he had to do was wait for things to wrap up here and then have him come to the company to start work.

At 1:30 p.m., the opening bell rang again right on time.

However, just like in the morning, the market began sliding toward a low from the very start.

The Hang Seng Index also suffered a relentless collapse, breaking through the 1,200-point threshold in less than an hour, with no signs of stopping!

Inside the Far East Stock Exchange, all the bigwigs fell silent.

They knew that Hong Kong’s economy was effectively ruined for the time being; such a severe stock market crash would inevitably result in the entire population footing the bill.

Under these circumstances, whether or not people traded stocks, they would all suffer heavy losses!

Not only would the crash instantly wipe out the wealth accumulated in the stock market, but it would also deal a severe blow to investor confidence.

Barring any surprises, after this crash, people will be terrified of the stock market, and their investment mindset will take a long time to recover.

Moreover, a stock market crisis, a banking crisis, and a crisis in the entire economic system form a vicious cycle that feeds on itself. For example, after a stock market crash, investors suffer heavy losses.

When investors run out of money, consumer demand plummets, which in turn leads to a severe backlog of unsold goods.

At the same time, crises in the stock market and banking sector prevent companies from securing financing, leading to sluggish production, which in turn exacerbates the crises in the stock market and banking sector, further worsening the national economy.

The inevitable outcome is mass unemployment, countless people left homeless, the hard-earned social wealth lost, production at a standstill, and all industries in decline…

However, just as everyone was scrambling to sell off their stocks and futures contracts, someone in the trading floor suddenly began buying up futures contracts on a massive scale—Li Yi had made his move!

By this point, the Hang Seng Index had plummeted to 1,125 points, with no sign of stopping.

Consequently, almost everyone assumed Li Yi wouldn’t act today—after all, with every point the index dropped, he stood to make millions of Hong Kong dollars; only a fool would stop buying at a time like this.

Even Huang Lixing, Lan Xinyi, and the others believed Li Yi would wait until the market closed, or until the Hang Seng Index stabilized somewhat in the next day or two before launching his buyout.

But at 3:00 PM, Li Yi directly ordered Lan Xinyi and the others, who were standing by, to buy futures contracts, setting the price at a high of 56,300 per contract—just slightly above the Hang Seng Index’s current level.

This counter-trend move to buy futures contracts quickly caught the attention of everyone in the trading floor.

Those holding futures contracts, as if seeing a glimmer of hope, rushed to sell their contracts to Lan Xinyi and her team.

Even more astonishing was that Lan Xinyi and her team absorbed nearly every contract that investors sold.

10,000 contracts… 20,000 contracts… 30,000 contracts…

Amid their frenzied buying spree, the plummeting Hang Seng Index actually began to slow its descent, and miraculously halted its decline just before 4:00 p.m.

But that was as far as it went, because the 120,000 futures contracts Li Yi needed had already been secured!

After receiving Lan Xinyi’s report, Li Yi immediately ordered her to return all the futures contracts to the institutions and prepare for settlement.

Naturally, Li Yi’s actions drew the close attention of the big players. Upon learning that the investment prodigy from the mainland had returned all the futures contracts to the institutions, everyone’s feelings were mixed.

Some envied him, some admired him, and there was no shortage of those who were jealous!

For these bigwigs, the price at which Li Yi had gone short was no secret to them. After all, many were shareholders of the stock exchange themselves; if they wanted to investigate such matters, who would dare refuse them?

Consequently, nearly all the bigwigs knew that Li Yi had shorted the Hang Seng Index at its peak of HK$86,150 per contract, and that he had now covered his positions at around HK$56,300 per contract—a profit of nearly HK$30,000 per contract.

At the same time, everyone also knew that he had traded over 120,000 futures contracts using 5x leverage. In other words, by a conservative estimate, that mainland guy raked in a massive profit of 3.6 billion Hong Kong dollars from the stock market.

Add that to the 370 million he made previously, and it means he raked in nearly 4 billion Hong Kong dollars from this investment alone.

And this is just a conservative estimate; his actual profits could be even higher.

After roughly calculating Li Yi’s profits, all the bigwigs at the Far East Stock Exchange were stunned!

In less than a month, this young man had turned his initial 40 million into 4 billion, snowballing his capital. Without a doubt, he was Hong Kong’s stock market god!

At that moment, they had all witnessed a miracle—and history itself!?