As a rich man, he had some privileges in Hong Kong.
Even if these privileges cost money.
At the exchange, Qin An didn't have to squeeze around in the hall like other individual investors.
He spent 100,000 Hong Kong dollars to become a VIP member of the exchange. Members could spend money to rent private rooms in the exchange. There were professional traders to serve them, so they did not have to squeeze in the living room.
After letting the exclusive trader open an account, Qin An stood in the private room and observed the stock market.
Although it was only 1978, there were already many companies listed in Xiangjiang City.
Although most of the companies were owned by the so-called major and minor families in Xiangjiang City, there were also some companies owned by tycoons who rose from the grassroots.
After all, most of the people in Xiangjiang City came from the southeast of the mainland, which was rich in business culture, such as Zhejiang merchants, Wenzhou merchants, Chaoshan merchants, etc.
The people in these places all had the character of daring to fight and fight.
Therefore, it was normal for some of them to make a name for themselves.
However, most of the companies in Xiangjiang stock market were relatively small.
At this time, a normal listed company's stock market value was generally in the hundreds of millions of Hong Kong dollars. The larger ones were in the billions, and the larger ones were in the billions.
There were only a few large companies with a market value of more than 10 billion Hong Kong dollars.
And they were basically all British-funded or a few top-notch Chinese-funded companies.
For example, British-funded companies like Jardine Maison, Land, and Wheelock and Co., or Chinese giants like Changshi and Wharf.
There were thousands of listed companies in Hong Kong, and it was only 1978.
Therefore, one could imagine how active the stock market was and how developed the economy was.
Qin An didn't have the time or ability to research each company.
He chose to cheat.
Arthas Business!
[Target: Arthas Business]
[Investment: Maximum 25 million]
[Reward: 300%]
Analysis: The current stock price is 1.11 yuan, and it is expected to rise to 3.5 yuan in the future. The return on investment exceeds 300%.
This was it!
Arthur Commercial Company was a small and medium-sized company with a single business chain and poor anti-risk ability.
According to the company's information on paper, it was a medium-sized chain market company with seven small and medium-sized markets in Hong Kong and the Ninth District.
The plate was neither big nor small, and the total market value of the stock was about 1.1 billion.
After some consideration, Qin An decided to give it a try.
He asked the exclusive trader in the VIP box and the company's finance director to find the staff of the investment department of the exchange.
Ignoring the surprised gazes of the finance director and the staff of the Bank of China, he directly invested 5 million Hong Kong dollars in a five-fold leverage and used 25 million to buy the shares of Arthas Commercial.
At this moment, the leverage ratio of the Hong Kong stock market was not as exaggerated as it would be in the future.
Especially since he had a large amount of funds, 5 times leverage was already the maximum.
Under his forceful request, the staff of the investment department of the Hong Kong and Shanghai Bank were busy.
Very quickly, 25 million yuan was listed as the bill for Arthur Commercial.
The stock price of Arthas Commercial had been falling in recent days, from its peak of 1.45 Hong Kong dollars to 1.08 Hong Kong dollars at the opening of the market today.
After the market opened, it rose a little to 1.11 Hong Kong dollars.
Seeing that this stock was in such a bad state, a " sucker " suddenly put up such a large purchase order, which was more than 2% of the total share capital.
As a result, many individual investors and small organizations that were trapped began to sell their shares.
Before the stock market closed, this purchase order was completely taken up. The stock price of Arthur Commercial also rose to 1.45 yuan because of this purchase order.
It seemed that Qin An had made money in such a short period of time?
Actually, it wasn't.
This was because these stock prices were supported by his payment.
In other words, the stock price that had risen was supported by his funds.
If he wanted to sell his shares for an arbitration, it would definitely cause panic, and Arthurs Business would definitely fall.
At that time, not only would he not make a profit, but he might even make a small loss.
Unless there was a financial expert who used very detailed and ingenious methods to sell, it could be guaranteed that there would be no losses but profits.
Qin An was not in a hurry.
This stock would rise to 3.5 yuan, and that would be the time to sell.
When the market was closed.
Qin An called over the investment staff of the Hong Kong and Shanghai Bank who worked at the exchange.
The company's treasurer and financial secretary had a meal at a high-class restaurant next to the exchange.
Just as Qin An, his subordinates, and the employees of the Hong Kong and Shanghai branch were eating delicious food.
Changshi Group.
A company employee who had just been ordered to pay attention to Arthur's business was shocked when he saw Qin An's 25 million bill. He quickly stood up and walked towards the supervisor's office.
"Boss. The Arthurs Business Group that we've been quietly absorbing just made a big purchase.”
Hearing his subordinate's words, the supervisor frowned and his gaze became sharp. He muttered,"Could it be that the news has been leaked?”
Thinking of this, the supervisor's mind raced. After a while, he asked,"Is there anyone else who wants to buy a large sum?”
"Not really." the employee said without hesitation.
"That's good. The chairman was working overtime for a meeting, and he didn't know if he should make a move. Let's make some preparations first." The manager waved his hand and ordered.
"Alright, Boss, I'll go now!" The employee nodded and returned to his position.
The supervisor was stunned for a moment. Suddenly, the phone beside him rang.
The supervisor immediately answered.
"…Ah, General Manager!"
"…Alright, alright. I'll get someone to buy it immediately after the market opens!”
"…No problem, no problem. He would definitely not let Li Sheng down.”
After answering the call, the supervisor immediately shouted,"Everyone! Everyone! You have half an hour to eat. Come back immediately after dinner. Get ready, we're going off!”
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