What's wrong with me being a rich man?

Chapter 702 Mud and Sand
The subsidy fraud case at Suzhou Jimxi is being subtly linked to the subsidies of the Silicon Carbon Group, and now a similar case has been exposed in Shenzhen, with even the methods of deception being almost identical.

False data, coupled with collusion between insiders and outsiders to obtain certificates through application.

Hong Kong media and even foreign media immediately began to report on this issue in a sensationalized manner.

Although matters related to subsidies are indeed relatively sensitive, and even without fraud, the topic of subsidy reduction is unavoidable, the constant reports still made Liu Wanying wary.

The Hong Kong Stock Exchange had already given advance notice that it would include Silicon Carbon Group in the list of securities that could be shorted in early October. Given the complex situation in Hong Kong, this news may have been passed around several times in private.

Perhaps this is the driving force behind the short sellers' actions. They've been building up momentum for less than two months, and then they'll launch a counterattack against the Kyushu carbon silicon car model. It could very well be an instantaneous offensive.

Although Yu Xing touted his research on fundamentals when he appeared in Hong Kong, stock prices are never just about fundamentals. Silicon Carbon Group is confident in its long-term development, but it does not want to be embarrassed by short sellers.

Yu Xing remained relatively calm in the face of the so-called short sellers' attack, but Liu Wanying was more assertive on this point.

According to her, since Silicon Carbon Group did not commit fraud, she could not accept a short-selling philosophy that was so different from that of Guo Shanfeng to attack her side.

Yu Xing certainly supports Xiao Ying's protection of her own company, but he feels that from an overall perspective, it won't be an action that will significantly interfere with the development of silicon carbon. However, he has decided to move the launch of the five Kyushu editions from November to October. As for the specific date, he will have to wait and see if any unexpected changes occur.

In addition, regardless of the circumstances, the Shanghai-Hong Kong Stock Connect will be launched in October, and institutions such as IDG and Capital Today will step forward to pledge long-term holdings to stabilize market sentiment.

Yu Xing and Liu Wanying have been shorting others for years, and I'm actually quite curious that they might be the ones being shorted this time.

On the morning of August 15th, Yu Xing had just returned from the workshop and was looking forward to seeing how other international counterparts were shorting the two targets for fraud when a phone call from Pengcheng came in.

This is a thank-you call from Shenzhen, where the news, which has already been refuted by the Silicon Carbon Group, prompted the executives of Wuzhoulong to turn themselves in.

Yu Xing never expected that this would be related to him.

He was both amused and exasperated: "This... I feel unworthy to be thanked. It's all thanks to your regular legal education that they realize the seriousness of the problem."

The person on the other end of the phone laughed heartily: "Mr. Yu, this can be considered a police-civilian cooperation. How about we present a banner to the Silicon Carbon Group?"

"No need, no need. On behalf of Silicon Carbon, I appreciate your kind words and hope that Silicon Carbon's vehicles will soon be seen all over the streets of Shenzhen. If there are any industry-related issues later, you can call me or the company at any time." Yu Xing's attitude was very polite.

He hung up the phone, still finding the whole thing funny.

It could also be due to a clash in the names. There's a "zhou" in both the carbon silicon and Wuzhoulong names, which really scared them.

Yu Xing told everyone in the company about it, and sure enough, they were all amazed.

That afternoon, I don't know if it was because my hand movements on the screen triggered some algorithm, but I also started seeing news about new energy vehicle subsidy fraud on my phone. In particular, a user nicknamed "Electric Vehicle Industry Observer Enthusiast" published a summary of similar cases.

From last year to now, the new energy vehicle industry has seen numerous fraudulent subsidy schemes, involving companies such as Biji, Zotye, GMC, and Wuzhoulong. Even earlier, there were fraudulent subsidy schemes involving companies like Xiangtian Group, Guohong Automobile, and Shaolin Bus. This situation is indeed a result of the imperfections in the entire system.

The blogger's analysis started off well, but then it took a turn for the worse. He connected every clue about each company that was exposed with the short-selling giant, suggesting that Mr. Yu of Silicon Carbon must have had a special feedback channel with higher-ups. Because it was a recent event, this kind of compilation generated a lot of buzz.

Seeing the excited bloggers and comments section, Yu Xing finally couldn't help but issue a denial.

"There really is no so-called feedback channel. Carbon silicon isn't the automotive industry's watchdog. We're just focused on building good cars. How could these things possibly be related to me?"

As soon as I spoke up, the video spread even wider, and as usual, the comments section was flooded with stock-related inquiries, followed by various jokes and banter.

—Silicate Carbon isn't a disciplinary inspection commission, but Guoshanfeng should be a non-governmental disciplinary inspection commission, right?

—I understand what Mr. Yu means. It's not all of them relevant, just most of them!
—What are your thoughts on the rampant subsidy fraud issues in the new energy sector, Mr. Yu?
—Stop pretending, Mr. Yu, let the mountain peak out for some fresh air!
Yu Xing scrolled through the various encouragements and inexplicably laughed out loud. He could only reply with another message: "The industry does have a lot of room for improvement, and the relevant situation will be improved. Well, many reports about silicon carbon are just rumors, but if there are really car companies that are still committing fraud and defrauding subsidies, I sincerely suggest that they turn themselves in as soon as possible. Doing this industry properly now is also very promising."

The sincere advice from the head of the silicon carbon industry was quickly interpreted.

—666, Guoshanfeng has really messed up the competition, which has brought out Mr. Yu's kind personality!

—Mr. Yu clearly still has more stock on hand, hurry up and reveal it all!
—Before selling cars, Carbon Silicon was already working with Volkswagen. Now that they've sold cars, it's impossible that they haven't been researching electric vehicles!
Once Yu Xing spoke, the right to interpret his words immediately shifted away from him.

He had experienced similar situations many times, but when he encountered things where truth and falsehood were mixed together, he couldn't help but want to clarify, but the facts always proved that it didn't really help much.

The popularity of "One Qi Transforms into Three Pure Ones" is still too high, and with the increasing presence of Douyin and Carbon Silicon Kyushu, it may be repeatedly brought up and spread.

The behind-the-scenes footage on Douyin was quickly reported in the media.

In an office in Jinhua, Zhejiang Province, an executive secretly observed his boss's expression before asking in a low voice, "President Pang, should we continue to push forward with our 'water-hydrogen engine' project?"

Pang Qingnian, the founder of Youngman Automobile, frowned as he scanned the so-called advice and information in the report. He hesitated and was quite wary of this figure among Zhejiang businessmen.

However, the company's situation was already very bad, and the water-hydrogen car was already on the verge of being launched.

After a long pause, he let out a breath and said as calmly as possible, "We have the technology, but having the technology doesn't guarantee that we can do a good job on the project. How can we know if a project can be done well if we don't do it? We still need to move forward."

Pang Qingnian's words went unanswered.

He glanced sideways at the company's vice president before finally seeing the other party nod, and then kicked the man out.

Pang Qingnian was reading the news alone in his office when he finally couldn't sit still and paced back and forth. Worry welled up in his heart, and he was even afraid that while he was holding the press conference for the water-hydrogen car, the big short seller would come to his door and kill him.

After a long time, Pang Qingnian calmed down. According to Guo Shanfeng's resume, he mainly shorted listed companies. That would solve most of the problem. His own company was not listed and he did not provoke the Yu family. Surely he would not be chased and bitten!

He closed his phone's browser and decided to get another talisman over the weekend to ward off the short sellers. The short sellers absolutely must be warded off!
(End of this chapter)