Chapter 1048: 1048

Stock market disaster is a rule, and stock market disaster has a cycle, but this stock market disaster is still very different from previous stock market disasters.

For example, due to the rise of financial derivatives, the scope of impact is larger and the degree of damage is higher. Take stock index futures for example. In one day, the New York stock index lost $500 billion.

Therefore, the proud free market eagerly hopes that Zhengfu, which stands as far away as possible on weekdays, can rescue the market.

However, US Treasury Secretary James Baker is out of reach. The man made cruel remarks to the hard German. After adding an important variable to the market, he went to Europe on business.

Therefore, the US Federal Reserve Chairman Alan Greenspan, who has not been in office for a long time, has become the only savior. If he does well, he will reap thousands of living Buddhas and naturally establish his prestige as soon as possible.

In the hotel in Dallas, Greenspan kept calling several vice chairmen of the Federal Reserve to discuss what to do next. He even managed to contact Sir Gao, President of Xiangjiang monetary authority in London, because in retrospect, their previous exchanges are of great reference value for the analysis of the situation.

"Xiangjiang monetary authority can't compare with the Federal Reserve, so I'm not good at giving advice, so as not to mislead you." Gao Xian said succinctly: "but I can reflect to you from the perspective of investment banks that the decisive factor at stake is the depletion of liquidity."

Sir Gao is modest, but his tone is quite certain. You know, he has the first-hand information of Gaoyi, Gaoyi America and Lehman Brothers.

"Indeed, the question that should be considered now is not whether capital should be injected into the market, but how." Greenspan clearly had a decision in mind.

Gao Xian put down the phone. What he thought was that after Greenspan made a move in the free market, he could use enough reference reasons to make a move in Xiangjiang.

……

Due to the time zone, Xiangjiang has already entered Tuesday, October 20.

Li Fuzhao, chairman of the Xiangjiang stock exchange, who stayed up all night, held an emergency meeting to discuss the four-day suspension of the market, so as to urge investors to remain calm and clean up a large backlog of transactions.

Ma Shiheng, chairman of Xiangjiang futures exchange, was immediately worried. Today is Tuesday and the market is closed for four days. That is, the market is closed until Friday. Coupled with Saturday and Sunday, this week, the Hang Seng index futures varieties, which account for the majority in Xiangjiang futures exchange, are frozen. There is no better than watching others move freely and staring at themselves, It's even more worrying.

Li Fuzhao is still the domineering side leakage of the feudal everyone's long style. The Zhengfu house absolutely agrees. If there is anything to question, he almost pointed to his nose and asked, do you think you are better than me?

Positive words, Ma Shiheng's qualifications can't compete with Li Fuzhao. He quickly contacted Ye Licheng in Gaoyi town and Li Guobao in Xiangjiang financial administration bureau to help consult. What should we do? There are so many international transactions in Xiangjiang futures exchange, so we can't stop the market. Besides, I didn't feel the need!

"Li Fuzhao won't buy my account." Ye Licheng had a big head for a while. In fact, his real psychological state at this time was not good. It was clear that Gao Yi had made preparations for following Sir Gao's instructions, and then stood in an invincible position in this crisis. Even if the Xiangjiang stock exchange was really closed for four days, the pressure formed was within the expected range. Naturally, he was not as worried as Ma Shiheng.

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Li Guobao is even worse than ye Licheng. He smiles bitterly. Although Li Fuzhao and I belong to a close uncle and nephew relationship. In the Li family, he and my father are a close father, but because of Chinese home ownership, the two houses broke up. I want to get together and oppose it. Maybe it's a big mouth slapping.

These three people belong to the level of being able to make decisions. Now they have no choice but to go up to the boss and contact Sir Gao again.

Gao Xian, who closed his eyes and refreshed himself, almost knocked over the coffee cup after hearing the report. His first reaction was that he had made great efforts to remind Li Fuzhao in advance that he had done useless work. After all, the small group of Xiangjiang stock exchange still couldn't step over and protect his interests.

"Well, when you wait for my reply, I'll contact Li Sheng immediately." Gao Xian ends the call and quickly contacts Li Fuzhao.

"I guess you'll call me. It's late in London." Li Fuzhao's tone was relatively calm. "Closing the market can keep investors calm and clean up a large backlog of transactions. I don't think there's anything wrong with this decision."

Gao Xian's tone is very serious, "you think the suspension of the market is conducive to stabilizing the situation, but other markets operate as usual, but international investors can't stop their losses in Xiangjiang market as soon as possible, and they are likely to do bad things with good intentions."

"Now the participants in Xiangjiang stock market are not the small retail investors who fooled and slaughtered at will more than a decade ago. Institutions are the absolute main force, and some of the forces behind them are unfathomable."

"All the people in your exchange have stock interests. It's no secret in the circle. Affected by the stock disaster from the sky, they should lose a lot. But if it's just for this, stop the market and let the institutions stare and do nothing in Xiangjiang, an international financial center that has paid great attention. Be careful that others retaliate afterwards."

At this time, there is no way to take into account each other's feelings. The local committee Wan has made a long speech, and Gao Xian has directly opened up the accumulated disadvantages of the current Xiangjiang United stock exchange.

What for the sake of the overall situation, Gao Xian dare not have a clear conscience. He is so great and positive, driven by his own interests. It's like a sweet word that I love you. At least the other party can chew it.

Li Fuzhao stressed with some embarrassment, "on the other side of the government, Zhai Kecheng, the financial secretary, Lin Dingguo, and Yan shiting, the Commissioner of securities, all agree with this decision."

"The ghost guy is reliable. The sow can go up the tree." Gao Xian disagreed. "They have private interests like you, and even have ulterior motives. When they really want to settle, they will only get rid of the relationship one by one and will never endorse for you."

Speaking of this, Gao Xian slowed down his tone and painstakingly persuaded, "you can put down that little self-interest and open the exchange. The rise and fall of the stock market belong to the law of the market. No matter whether you earn or lose, you can have your destiny, and you can't depend on you in the end."

Li Fuzhao became angry. "Sir Gao, can you guarantee that you have no personal interests? It's no secret that Gao Yi is short on Hang Seng Index Futures."

"Moreover, after so many years of friendship, I can't understand you better. Xiangjiang financial authority has included Xiangjiang banking industry into its territory. The next goal is Xiangjiang securities industry."

"Li Sheng, at this critical time, don't get angry and pay attention to your body," Gao Xian took away the microphone a little and sighed, "I've done what I said. Let's have a good life."

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