What's wrong with me being a rich man?

Chapter 667 Cooperation
Yu Xing's exchange with Moci that day did not make any substantial progress, but judging from the other party's hints, Vilcard might be related to the power of their group.

Many things require money to operate, and this is especially true for those in the audience who want to get on stage.

If viewed from this perspective, it might be understandable why Marcus, the CEO of Wilcard who came from one of the Big Four accounting firms, was able to smoothly push forward multiple acquisitions, successfully go public through a reverse merger, and obtain a banking license.

Meanwhile, the fact that BaFin CEO Hufeld, who belongs to the same camp as Mertz, went so far as to issue a short-selling ban may not be simply a matter of personal interests.

That evening, Yu Xing reviewed and pondered the matter, and even remarked to Xiao Ying on Mo Ci's casual manner.

"He used to be in politics, and now he's a senior executive at BlackRock." Liu Wanying said, somewhat puzzled. "Not all Germans are the same. Why are you so surprised?"

Yu Xing shook his head: "I just feel that this old man is... um... I can't quite put my finger on it, but he is definitely a pro-business figure in the German Christian Democratic Union."

Mertz has close ties with the business community and is very experienced. He was a rising political star alongside Merkel in his early days, and now he seems more like a bridge between the CDU and the business community. The reason why both sides need a bridge is naturally that each side gets what it needs.

"Whether it's pro-business or not, I think it's only a matter of time before Wilcard is targeted." Liu Wanying brewed two cups of tea. "This short-selling ban on individual stocks is breaking the norm. The Frankfurt Stock Exchange isn't something they can control alone, and it has its own significant problems."

Yu Xing nodded slightly. This was exactly what he wanted to tell Mo Ci. Since it was a listed company and was subject to various legal provisions, it was simply unsustainable. Whether to make use of it or give up directly, it was necessary to understand the situation.

“I think you’re paying too much attention to Moci. He wants to invest money, so he’s asking for something in return, or at least putting in a good word for him.” Liu Wanying handed Mr. Yu a cup of hot tea. “However, the money will go through Li Song and his team, so you shouldn’t touch it. Even if there’s money in China that wants to invest, it will go through Mr. Xiong. With someone in between, there’s room for negotiation even if there are problems.”

The journey from anonymity to exposure is like going from dark clouds to sunshine; similarly, the operation of hedge funds is like money operating in the sunlight.

With such funds leading the way openly, it's even easier to operate funds behind the scenes.

Yu Xing smiled and looked at Xiao Ying, who was deep in thought, and said, "It's not like you're afraid to come back from Hong Kong anymore."

"Who was it that repeatedly told me not to come back?" Liu Wanying glanced sideways. "I rushed to the airport, and whose voice sounded so dejected on the phone?"

Yu Xing shook his head slightly: "Who would have thought that I would kill myself? Science and technology are truly the primary productive force."

“Speaking of which, I feel that the voice recognition rate on ‘Jiuzhou’ seems to be better recently. Have you optimized it again?” Liu Wanying recalled a small matter.

"It was a minor optimization version released last month," Yu Xing confirmed. "The voice recognition function has added more dialect recognition features, and the feedback from car owners has been quite positive."

This is an advantage of new energy sources; the system and function optimization are more sustainable.

Liu Wanying laughed and said, "When can we customize the voice? Then we can use your voice, the voice of a big short seller."

“This should be available later,” Yu Xing said. “They’ve developed a lot of features, but they’re only pushing out the most practical ones. Some are only available in the trial version. You can also apply for it for your car.”

Liu Wanying hadn't studied it in detail, but upon hearing this, she decided to give it another try.

She concluded by asking, "How did Legler's argument with Dunning go today?"

Yu Xing pondered for a moment and said, "Perhaps we still need to bring in a third party to clarify things."

The so-called third party is naturally another powerful regulatory agency.

The following day, Dunning informed BaFin's Vice President, Legler, about their ongoing communication with the SEC, and the response was immediate.

Legler hesitated noticeably.

After a brief discussion with her colleagues, she offered a way out: "You should at least tell us which aspect it is. Talking like this, with all the ambiguity, won't get us anywhere." Yu Xing, having finished translating, then interjected, agreeing to the other party's request but with a condition: "We can indeed communicate more frankly. The SEC has already heavily fined Volkswagen and other automakers. Once we've completed our communication, they'll definitely be happy to make money off the Europeans again."

He looked at Murci, who seemed somewhat distracted, and said, "I hope Murci can act as guarantor. BaFin must guarantee that our rights and those of our witnesses are legally protected."

Mo Ci said in surprise, "You want me to vouch for you? President Yu, I just came here with you to take a look. You have a lot of faith in me."

Yu Xing said, "If you're willing, then I'll believe you; there needs to be political mutual trust."

Mo Ci was inexplicably taken aback by this sentence.

After a moment of silence, he said, "It seems to involve European and American companies. Over Peak is indeed very capable."

Moci turned to Legler and smiled, "I'll give Hufeld a call. We can talk this over properly. I don't think President Yu will leave China. A simple stalemate is meaningless."

Before making the call, he also made a request: "I appreciate Guo Shanfeng's efforts in uncovering fraud by listed companies, but the German financial market does not welcome such disruption. If Guo Shanfeng is willing to actively communicate with the German listed companies you have noticed in the future, I believe this matter will be much easier to discuss. Huffert's BaFin does not want to launch investigations against Guo Shanfeng and you again and again in the future."

This communication was actually something that Yu Xing and his legal team had discussed.

He nodded slightly: "This is a good suggestion. As an independent research institution, Guoshanfeng also hopes to become a supplement to maintaining the stability of the financial market."

Moci didn't comment on such nonsense.

He got up and went to the office next door to call BaFin President Hufeld.

After a while, Moci returned to the conference room and conveyed BaFin's attitude on behalf of Legler: "In principle, BaFin can take a lenient approach after reviewing the violations and illegal activities of other institutions submitted by Shanfeng."

Legler remained silent and did not comment.

Seeing this, Yu Xing nodded to Deng Ning.

Soon, some evidence of Deutsche Bank and Morgan's manipulation of the silver market was presented to the German side.

Metz was intrigued, while Legler and others examined the matter carefully.

After a moment, Legler shook his head: "It's Deutsche Bank's silver market, not too surprising."

This was not too surprising, but Deutsche Bank's share of the silver market is not large, while Morgan Stanley is definitely a major player in terms of market share, but there is little evidence for the latter.

At this moment, Moci suddenly spoke up: "This case is not important enough; we need to add other information."

Yu Xing frowned slightly, said nothing, and only looked at this person with his eyes.

Moci's gaze also fell upon him, and after waiting for a moment, he smiled and said, "I was just saying, BaFin should handle the professional matters."

Legler was bewildered by Metz's statement and didn't know what was going on, so he could only vaguely say, "We will look into it."

Yu Xing, knowing Mo Ci's underlying intentions, said, "No, we have none left, but Guo Shanfeng is willing to actively study the problems of German listed companies and help BaFin maintain a healthy financial market order."

Moci chuckled. German listed companies don't commit that much fraud, but there's no need to try it for now. Having a channel for dialogue and communication is quite good.

(End of this chapter)