Rebirth: Super Banking System

Chapter 1891: Chapter 1716: Plunge

New York.

Wall Street.

A certain Investment Company.

“Is it accurate?”

“Not necessarily.”

After listening.

The manager was quite troubled. An alternative to the Transcription Fluid had emerged, which was big news for their Company because they had previously bet heavily on Myanmar Pharmaceuticals Group, investing significant funds.

Hundreds of millions of dollars.

Now.

In the midst of a global financial crisis, they thought that place was a haven. Who knew, in just a few days, the haven would turn into the epicenter. If they made a wrong step, it would mean losing everything.

Conflicted.

Withdraw?

Or not?

If it’s true.

If they acted slowly, they’d lose money. If it was false and they acted quickly, they’d lose Credit. Bear in mind, the Myanmar Bank Group was not a benevolent entity; offending it could mean getting barred from future transactions.

In that place.

Financial regulation is very strict. To trade in Myanmar Stocks required considerable effort to obtain a permit, so they dared not risk their future without verifying the truth.

Yet.

Moving or staying still.

Both entail risks.

Suddenly.

The phone rang.

After hearing.

“Sell.”

The manager made the decision.

“What happened?”

The subordinate was puzzled.

“We just received news that many large financial institutions are starting to sell Myanmar Stocks, some are even clearing out. Their information is more accurate than ours. It seems to be true; we can’t wait any longer.”

“But.”

“What?”

“What if it’s their tactic?”

“Oh?”

“I think we should remain cautious. The financial market is full of schemes. Perhaps they aim to drive the stock price down to accumulate shares cheaply, which has nothing to do with the truth of the information.”

The subordinate reminded.

Some actions.

Don’t necessarily require knowing the truth but how to exploit it.

“Makes sense.”

Quickly.

The strategy changed from a full sell-off to selling half, followed by accumulating shares on the dip. The funds were not withdrawn; otherwise, converting them to dollars would mean completely offending the Myanmar Bank Group.

Next time.

The threshold might get higher.

…

If you’re putting on a show, you have to go all out.

Fred couldn’t be the only one performing, while the Capitalists remain stagnant. As directed by various consortiums, many large Investment institutions began to reduce their holdings in Myanmar Stocks, causing a flood of followers.

“Black Monday.”

“Are we about to witness another High Platform Diving?”

These days.

With Lehman’s bankruptcy, global stock markets have been tumbling, causing unease.

“It’s over.”

“Let’s quickly withdraw.”

“…”

Dark moods spread among institutions, companies, and individuals; of course, there were those who didn’t believe it, like the Myanmar people, who, seeing others sell, gritted their teeth and bought, determined not to let their own building collapse.

At this moment.

If they didn’t support it.

Who else could they rely on?

However.

Despite many trying to stabilize the market, they couldn’t withstand the selling pressure. Previously, much of the money was invested in the Stock market, with little idle cash. Yet, even reducing the decline was seen as an effort.

Thus.

On this day.

Myanmar Stocks recorded the biggest drop since their inception.

—Myanmar Pharmaceuticals Group.

Decline of 5.5%.

—Myanmar Environmental Technology Company.

Decline of 4.3%.

No other company saw an increase, with many hitting the limit down, accounting for more than half of all listed companies; even Tang Qing’s Qingyuan Technology didn’t escape, dropping 3.9%.

A dismal scene.

On the sixteenth.

Drop.

On the seventeenth.

Drop.

On the eighteenth.

Still dropping, the entire market’s confidence was severely hit, and the sarcastic remarks from Western media were inevitable, claiming that an economy supported by a single technology was like a rootless duckweed, easily toppled.

A bearish outlook prevailed.

“Foreign Exchange Reserves fell to $1.05 billion.”

“…”

“Foreign Exchange Reserves fell to $800 million.”

“…”

“Foreign Exchange Reserves fell to $570 million.”

“…”

Major financial institutions flooded in, and speculative capital exited Myanmar investments, carrying away a lot of Foreign Exchange. Despite financial controls, the nation couldn’t restrict such activities; they could come and go freely.

Therefore.

Foreign Exchange Reserves decreased rapidly.

This Data.

Made Kan Qin’s heart race. In such a short time, Foreign Exchange Reserves plunged by half, yet the Exchange Rate remained unchanged. With a fixed exchange rate, the Asia Dollar’s Currency Value was stable.

Unless… the Foreign Exchange Reserves were exhausted.

By then.

Without sufficient Foreign Exchange Reserves, the Central Bank would have to order a devaluation to reduce foreign exchange consumption.

In just one week.

The situation escalated to this point, even Kan Qin found it unbearable. It was too stimulating; he knew the script, but others didn’t. Over the past few days, the panic and worry below even affected work.

“Don’t worry.”

Ling said calmly.

Kan Qin: “…”

Don’t worry?

How could they not worry when everyone below was panicking?

“They’re too arrogant.”

Kan Qin couldn’t help but feel indignant.

“With strength, one can certainly be arrogant. Wait and let them continue their show. We’ve developed too fast and need to squeeze out some excess. Take this opportunity to lower some risks.”

Ling said.

“With the stock market dropping significantly, some speculative capital can be kicked out, purging the toxins so we can go further. As for the quality assets they sell, it’s just right for them to flow back into our hands.”

“Next time they want to come in, the threshold is higher, and if they want to buy assets, the price will be higher. Your task is to stabilize the sentiments below, let them overstretch themselves, and dismantle the stage.”

“Okay.”

Kan Qin nodded.

Every time he heard Ling’s reassurance, it gave him infinite strength. Being bothered by subordinates made him tense, which was really unnecessary. Ling truly had composure, which Kan Qin found beyond his reach.

“Bluem is coming later.” Kan Qin mentioned.

“Mm.”

“What should I say?”

“Competition is more valuable than cooperation.”

Half an hour later.

“What?”

Bluem’s smile froze.

“That’s what our Ling means. He says that Competition allows consumers to use the most cost-effective Product. Monopoly is unacceptable. We deeply apologize for our previous actions.”

With embellishments.

Kan Qin added these words.

Amateur theatrics.

Anyone can play.

“Since there’s alternative technology, it gives us some solace. We hope to work together in the future to provide high-quality and adequately priced Products for the world; we look forward to it very much.”

“This will also urge us to work hard to reduce costs.” Kan Qin said with a smile.

“…”

Bluem felt as if he were the fool, or perhaps the other side was foolishly open-minded, finding such refreshing reasons and standing so righteously that he had no words to respond.

“Ling’s level is really high.”

After a long pause.

Bluem finally uttered this sentence.

“Thank you, I think so too.” Kan Qin agreed. Considering Ling’s level, standing at the peak naturally offers a broad view; their little tricks could only lead to their own failure.

“If you really care about global consumers, I think we can help with cost reduction.” Bluem quickly caught onto this point, engaging in a new round of verbal sparring.