“It’s like this. There are three listed
companies under my name, but the
situation is very bad now. Did something
happen in the market that is independent
from market and national policies?”
Steven’s question made Jasper smile
wryly.
This was not the first call he had received
that was essentially asking him for help.
He did not know any of those people
except Steven, but somehow they were all
able to find his phone number. There was
even the boss of a securities company who
persuaded a vice president under him to
come to ask for favors.
Could Jasper help? Obviously not.
It was not that he was unable to, it was
that he could not.
In the face of the impending stock market
crash, thousands of domestic companies
had been victimized. If he was able to help
one company, he would not be able to help.
the other one. Jasper was not a god, and h
e could not print money. Hence, he could
not help everyone.
However, he could not be too harsh when
he rejected them.
The boss who came to ask for help
naturally did not dare to say anything, but
Jasper would make things awkward for
the vice president who came asking for
favors due to his professional relationship
with Jasper. Hence, Jasper had to be more
considerate in dealing with this.
Somerland was a society of social
relationships, and this was vividly
reflected at this time.
“It is true. Wall Street capital is attacking
the domestic stock market with 130
billion US Dollars. This is just the
beginning, and the future situation will be
more severe. More and more listed
companies will suffer until it radiates
outward to the real industry chain. At that
point, the social and economic operations
of the entire country.”
Jasper’s words left Steven silent for a
moment.
“Is it because of the revenge of those guys
from the United States?”
Jasper nodded and replied, “Yes.”
“Alright, I got it.”
Steven did not ask Jasper to help, and this
made Jasper feel very apologetic.
After all, Conrad was working under him
now. He figured she should aid Steven for
the sake of Conrad and was willing to
break his rules once in a while.
“If you need help from JW Foundation, I
will find a way to help you apply for a
trading suspension. The time period can b
e extended as much as possible too. In
terms of funds, if the amount is not
particularly large, we can also
disassemble part of it,” Jasper proactively
said.
Steven laughed when he heard this.
“You think I came to ask for help, right.”
Jasper did not reply, which meant that he
was tacitly agreeing to this statement.
“I don’t know much about finance, but I
understand that the current situation is
critical. This is the general trend and both
you and I can’t prevent it. The things that you’re facing right now should be more complicated than the ones that I’m facing, so you don’t need to worry about this little thing.”
“Mr. Monty, you’re being too kind. I haven’t repaid you properly for the small courtyard you gave me. So, this is something I should do.”
“It’s nice that you still remember that. I’ll end this conversation here then, I won’t bother you anymore.”
“Okay, I’ll bring Conrad to meet you for
tea another day.”
“I’d be delighted.”
Jasper hung up the phone in a hurry because, at this time, the Securities Regulatory Commission issued an emergency notice on the impending stock market crash.
“Notices on standardizing the domestic
stock market.”
After reading the entire notice, Jasper saw that they mainly strengthened supervision and the authority of the securities regulatory authority. At the
same time, they punished more than a dozen listed companies and individuals who had violated regulations.
However, the most important part of this announcement was the contents of its latter half.
“Accelerate the listing of large state owned enterprises such as Somerland Petroleum, PetroSomer, and Nobile to ensure that state-owned enterprises are steadily listed. Furthermore, it is stipulated that any state-owned enterprise must distribute no less than 15 % of the total equity to the market to truly allow the citizens to benefit from the people-owned enterprises…”
Looking at this announcement, Jasper inexplicably felt the influence of the butterfly effect.
The affects of this announcement was large and far-reaching.
Because of Somerland’s special national conditions, before the rise of super private companies like Abbylon and Terizone, everyone in Somerland knew
the truly powerful and profitable companies were still those big state owned companies.
Therefore, when such a large state-owned enterprise with a legal monopoly in the industry went public and promised to distribute at least 15% of the total equity shares to the market, it was nothing short of a shocking benefit for the domestic market.
Moreover, the market’s reaction to this would be absolutely genuine.
After the announcement, the entire tragically green A-share market recovered in an instant, and a large amount of private capital began to pour into the stock market.
The energy sector with Somerland Petroleum and PetroSomer as their representatives and the communications sector represented by Nobile were the first two major sectors that turned from green to red.
“Although Wall Street capital has a huge amount of funds, its power is too scattered. They tried to defeat the A-share market on the first day, so they launched
a full range of blows.
“With the favorable stimulus of state owned enterprises going public, the energy and communications sectors have become the best place for safe-haven funds in the entire market.
“The force emitted from these two sectors is too strong, and the entire market has stopped falling due to their influence.”
Baz sat beside Jasper as he analyzed the current situation in front of him like he was very familiar with this matter.
