Chapter 160 Golden Pig

It was earlier this year.

The average daily trading volume of the Shanghai and Shenzhen stock markets on the mainland could reach around 200 billion RMB.

Now, the average daily trading volume is only 50 to 60 billion RMB.

Su Yehao's temporary approval to use 30 billion RMB to support the market today, and to continuously buy up a large number of sell orders that had been sealed, was like a sun in the dark night, quickly attracting everyone's attention.

With him taking action and the super favorable news as support, a group of stockholders who were already trying to buy at the bottom immediately had strong confidence. Some stockholders who were originally preparing to sell also chose to withdraw their sell orders.

The pressure of panic selling in the market suddenly decreased, successfully drawing a "V" shape on the line chart. This event caused widespread discussion on the Internet, with many thanking Su Yehao for saving their lives.

Of course.

There were also those who were angry and frustrated because they sold too early, saying that even a million-lot sell order at the daily limit could be swallowed up, and they couldn't even regret it and withdraw their orders.

Su Yehao simply ignored this type of comment.

His focus was on the big picture. It was impossible to wait for the stock price to rise before buying in, just to benefit a small number of people. Wouldn't that make him a fool?

Just like Morgan Stanley and Bank of America stepping in to save the market, he was willing to give up some immediate profits and pursue long-term market stability, but he didn't intend to raise the stock price himself to help other stockholders make money.

Therefore, that evening, he and his assistant office continued to discuss and pre-determine the reasonable range for intervening in the market.

For example, if the Shanghai Composite Index was between 2100 and 2300 points, he could choose to intervene when it was below this number, but if it was too high, he should suspend intervention.

The only goal was to ensure that the entire market would not experience a panic-induced decline due to external factors, while also avoiding market overheating due to the influx of massive amounts of capital.

The balance here was difficult to grasp, and he could only take it one step at a time.

The previously mentioned daily average of 15 billion RMB did not necessarily have to be spent completely. It could be increased, decreased, or suspended depending on the market performance that day.

The investment scope covered areas such as banking, insurance, liquor, infrastructure, home appliances, and non-ferrous metals, including giants like Ping An and the Big Four banks, as well as some small and medium-sized listed companies with relatively high growth potential.

This was equivalent to Su Yehao creating a stock-type fund portfolio for himself, which he planned to hold as a core asset for the long term...

Following the Asia-Pacific market, European stock markets also crashed.

Su Yehao didn't have much involvement there, so he only briefly understood it and didn't pay much attention.

Around six o'clock in the evening.

When he got home, he found Jiang Yu squatting by the koi pond, feeding the fish directly into their mouths as they opened them wide.

Watching the koi swim around was relaxing, and Jiang Yu had long taken over the job of feeding the fish at home.

Under her care, these expensive koi were being fed until they were fat and plump, and those who didn't know better would think they were colorful gas tanks swimming underwater.

Seeing a little panda with a large tail leisurely walking around on a land tortoise, Su Yehao approached Jiang Yu and smiled, "Who let those little guys out again? Once they run away, it's hard to catch them."

Jiang Yu looked up at him and replied, "No one let them out. They must have escaped again. Their nature is to like spacious environments. Maybe we should fence off an area near Erhai Lake and let these red pandas try to return to nature."

Su Yehao nodded, "Yeah, I'll ask an expert next time, but the wild environment is harsh and food is often scarce. Artificially raised descendants may not be able to survive."

"That's true. We've always fed them the best food at home, so they might not be willing to leave."

Jiang Yu stood up, patted the dust off her hands, and changed the subject:

"You made a big splash again today, didn't you? Many media outlets want to interview you. My dad came by this evening and said that if it weren't for you, the company's stock price would have plummeted."

Su Yehao said calmly:

"It's just a small matter. When the market enters a bear market, the value of many assets will decline. It might hurt a little in the short term, but I estimate it will rise again soon. My asset allocation is relatively healthy. The Internet, semiconductors, and consumer electronics are still stable."

Jiang Yu rarely worried about his business, after all, even if she did worry, it wouldn't help. Her abilities weren't enough to help him strategize.

She only said:

"The team under Tian Yu Entertainment is about to hold an Asian tour. I don't want to stay at home and have a baby. It will be boring. There are some pregnant women in the company who are still working when they are eight months pregnant. I probably won't last that long, but I can still do my own thing for the next six months."

"Whatever you want, just be careful. Have you talked to your daughter about the baby?"

"Yes, I have. She's very happy..."

He accompanied Jiang Yu for a walk in the yard, and then they went to the small castle to admire the collections that had just been delivered today.

An auction company helped Su Yehao collect a painting by Pan Tianshou, "Eagle Rock and Mountain Flowers," and a copy of the "Wansui Mountain Draft" jointly created by Emperor Wenzong and Fang Danian, which was a rare Yuan Dynasty painting.

In addition, there were a pile of bottles, jars, bowls, and plates, which were placed on carefully arranged rosewood display stands, sorted by color.

Similar to many young people who like to collect figures and dolls, it's just that Su Yehao's display stands were a bit expensive. He not only collected all five famous kilns, but also had as many as five pieces of Ru ware.

Others were always thinking about finding bargains, but he was spending money to acquire them. The few bronzes that Grandpa Tang had been playing with were also specially placed on another stand.

After returning to the restaurant for dinner, Su Yehao went to Cyberport again to meet with Zheng Yongwen, Feng Tiancai, and others to discuss some matters, chat, and wait for the US stock market to open.

This time there were no accidents.

After the Treasury Secretary's statement that Merrill Lynch and Lehman Brothers should be left to fend for themselves, several other companies successively announced losses. Some investors had already exploded and proposed to sue them for misleading investors and concealing key operating data.

Although the stock market hadn't opened yet, in the futures market, the three major US stock indexes had already plummeted. Out of consideration for risk aversion, gold prices soared, and Su Yehao made a lot of money from it.

He previously had a large amount of cash on hand, with nowhere to invest.

He bought a lot of spot and futures gold. The number of half-ton gold ingots at home had increased to eighteen, neatly arranged on the floor of the vault, which was particularly pleasing to the eye.

Feng Tiancai, who was eating a hamburger at this time, had been busy all day. He said:

"Gold prices have soared, and crude oil futures prices have plummeted. Investors are no longer optimistic about the future economy, and the probability of falling into a recessionary quagmire has soared. The only thing that cannot be determined is how much it will fall, and how long it will last, which will determine our next investment plan."

Everyone looked at Su Yehao, as he was the only one who could make decisions.

Su Yehao hesitated for a moment and said:

"It's a little early to discuss these things now. We can't be influenced by the smoke bombs in the market. According to the information I have, the bailout plan in Washington will not be approved. Relax and wait..."