Those Years When I Was Forced to Top the Forbes List

Chapter 117 The End
Chen Xuebing completely ignored Luo Min, and instead stood with his hands on his hips, frowning as he spoke to Yu Chunyin:

"Still not divorced?"

Yu Chunyin snorted and, as if Luo Min were nothing, said:

"We're divorced! It's gotten to this point, does she dare not divorce me? If she doesn't, she won't get any money! Now she's making up all sorts of things with me, hiring a lawyer to say I concealed marital assets, and even threatening me to get a court order to protect my assets. To put it bluntly, it's all about that project."

"Oh." Chen Xuebing smiled then, gave Luo Min a disdainful look, and beckoned Yu Chunyin to go inside.

"Then just ignore her. The burden of proof lies with the person making the claim. You have no obligation to cooperate with her. From today onwards, you will only be spending your own money."

Yu Chunyin's eyes lit up: "You made money?"

"Hehe, you can't call it making money, you've struck it rich, a 38-centimeter-long piece of meat."

"Huh?! So many?!"

Chen Xuebing and Yu Chunyin excitedly entered the hall.

Luo Min also wanted to go in, but Yin Xin blocked her in the waiting area at the entrance.

"Excuse me, ma'am, this is our office area, you can't go in!"

Luo Min gritted her teeth, wanting to lash out, but there were no audience members left. All she could do was inwardly resent this little liar and wish for him to go bankrupt soon.

The lawyer beside him remained calm, noticing Chen Xuebing's earlier words, and murmured to himself:

"...38 centimeters?"

Upon hearing this, Luo Min immediately turned around and asked, "Attorney Sun, did you record what they just said?"

Attorney Sun took out a voice recorder from his pocket, turned it off, and shook his head: "It's not worth much, and he knows the principle of 'whoever makes the claim bears the burden of proof.' Even if he really hid his assets, it would be very difficult to obtain evidence. Besides... he said he earned 38 centimeters a day, that's impossible, isn't it?"

What does 38 centimeters mean?

"That's 38%, and the maximum daily increase for stocks is only 10%! What stocks did he buy?"

"I think it's called something like... Baosteel warrants."

"Warrants? Warrants are back online?... No wonder, that makes sense, is this... some kind of fund company?"

The lawyer's gaze as he looked inside already held a hint of curiosity.

And aspirations.

"He...he really earned 38%?" Luo Min's eyes began to look strange.

The lawyer smiled and said, "We already know what stocks you bought. Just take a look when you get back and you'll know whether you made money or not."

Suddenly, a burst of enthusiastic cheers erupted from inside.

"Closed at the daily limit up!!"

"Wow... the warrants hit the daily limit up." The lawyer's eyes were already filled with envy and admiration.

At this moment, Hong Yongqiang came out while making a phone call, looking regretful.

"Hey! It's hit the daily limit! I didn't invest enough! I invested too little! 100 million, and I made 38! The daily limit is firmly locked, with over a million shares! There might be another big positive line when it opens tomorrow! This kid is a miracle! Tomorrow morning, quickly transfer all our working capital out. Insider information: institutional funds have all returned, and there's still room for growth! It's going to double! It's definitely going to double!"

Hong Yongqiang didn't even notice Luo Min's presence; he hurriedly left while talking.

This place, filled with the scent of money, made everyone so excited that they became arrogant and disregarded everyone else.

All those words, however, were deeply stimulating Luo Min's nerves.

Yu Chunyin invested 150 million yuan, and it doubled...

Not to mention her, even the lawyer next to her was a little dazed.

……

The market opened the next day.

It opened higher, from 1.263 to 1.35.

Chen Xuebing's initial investment of 1218 million shares on the first day has grown to 1301 million shares.

The stock market sentiment exploded, surging all morning. The New York 45 index kept catching the price difference and made a huge profit.

At noon, Hong Yongqiang excitedly arrived at New York 45 with a bank card containing 500 million yuan. As soon as he entered, he shouted that he wanted to deposit money into Chen Xuebing's account.

As a result, he was dumbfounded.

"What?! It's 1.8?!"

Yu Chunyin chuckled heartily, completely overjoyed.

Chen Xuebing's smile never stopped.

"Uncle Hong, we're late. The highest point this morning was 1.88, it surged too fast. We already cashed out at the average high of 1.8. Now it has fallen back to around 1.6. The price is likely to fluctuate greatly today. We plan to take a break this afternoon and observe. We now have 1935 million in funds. With such a large amount of funds, it's already a bit difficult to operate a single account. I'm afraid you can't invest your 500 million for the time being. But congratulations! Your 100 million has become 219 million. After deducting our 20% dividend, you have also earned about 100 million."

Hong Yongqiang felt as if he had been drenched in a downpour.

"What do you mean by 'too many to handle with a single account'? You have so many traders... how come you only have one account?"

Chen Xuebing's smile finally faded:

“If we were to use multiple accounts to operate what we are doing now, it would be considered suspected stock price manipulation. Using a single account is to avoid risks.”

They could have used multiple accounts to trade back and forth, which would have certainly earned them more, but they might have also been fined more by the China Securities Regulatory Commission.

Illegal operations and stock price manipulation are punishable by a hefty fine of one to five times the illegal gains, according to regulations.

Only a legitimate individual's single account for stock trading can be called stock trading no matter how you play it; at most, the account will be blocked, but it will never involve violations or fines.

Of course, only in a T+0 market, where buying and selling are unrestricted, is there an opportunity for a single account to be "manipulated." The prerequisite is that there must be a trader with lightning-fast hands and incredibly precise trading skills to achieve the goal of one account being able to control multiple accounts.

"So... is there still any market activity? Can I come here and trade with you?"

Faced with enormous profits, Hong Yongqiang felt extremely unwilling.

"The market hasn't moved yet. This morning alone, Baosteel warrants traded nearly 15 billion yuan, accounting for a quarter of the total stock market trading volume. The profit-making effect has already arrived, and there should be new highs. Here's what we'll do: you transfer the money over, and I'll let you enter the market when I have a low-price opportunity. However, I won't do any risky operations for you. Just wait for it to rise. If we both feel there's no opportunity, it's safer for your money to stay idle."

"Sigh!" Hong Yongqiang sighed again, "This is the only way! I really didn't expect it to double in just one day!"

Chen Xuebing couldn't help but chuckle:
"Don't say you didn't expect this, I didn't expect it either. I'm also gambling, otherwise I wouldn't have put your funds out there. But there are still opportunities in the stock market, it's just a little slower. I'm giving you advance notice this time. Also, we're not far from 30 million in funds, you should consider fulfilling your promise."

Hong Yongqiang gave Chen Xuebing a deep look and patted his arm.

"With your earning power, do you really need me to help you raise funds? Once you release this track record, there are plenty of people who want to invest in you. If you need it now, I can raise 100 million for you within a week and take control of this warrant market!"

Chen Xuebing shook his head, his face serious: "Be careful. Don't let others know too much about this kind of market manipulation. In a small market with multiple players, for every winner, there must be a loser. Don't even mention it, how many institutions shorted below one yuan when we manipulated the market yesterday? Taking someone's money is like killing their parents. Luckily, we weren't the main force behind the manipulation and didn't make it onto the list of top traders. Otherwise, the brokerage firm where I opened my account would have to release my information today. How many people do you think my account would be under scrutiny from now on? The larger the capital, the more conspicuous it is. You can make money with 20 million, but with 100 million, you'll be watched and leeched. It's better to earn money in the big market and diversify your investments. That's more reassuring."

"Um…"

Recalling the exhilarating scene yesterday, Hong Yongqiang was witnessing for the first time how funds could influence the market. His enthusiasm was still burning, but the young man was already calmly considering the potential consequences.

"You've got the makings of big money. From now on, Uncle Hong will follow you."

Chen Xuebing's net worth has probably surpassed his by now, and when he says "I'm just following along," he's truly convinced.

Chen Xuebing smiled faintly and replied in fluent Cantonese:

"Let's get rich together."

……

In the afternoon, the market fluctuated continuously, and the price returned to 1.582.

I stood by and watched from the sidelines in the office; the meeting started at 3 PM.

Several traders reported in turn the information they had collected from Sina Finance, Hexun.com, Phoenix Finance, NetEase Finance, and newspapers.

"According to the Black-Scholes formula, the theoretical value of warrants on the first day of listing is as follows: when the underlying security price is 5 yuan, 4.8 yuan, 4.5 yuan, and 4.2 yuan, the theoretical warrant prices are 0.96 yuan, 0.82 yuan, 0.62 yuan, and 0.46 yuan, respectively. However, if we calculate based on the closing price of 1.582 yuan on the second day, Baosteel's stock price would need to rise to 6.1 yuan by the exercise date of August 30th next year for warrant holders to make a profit. Even if we calculate based on the upper limit of Baosteel's annual stock price volatility of 30.5%, the price after one year would only be 5.876 yuan, and this price is very difficult for Baosteel to achieve."

"Baosteel warrants JTB1 surged to 1.882 yuan today. At such a high price, the total trading volume reached 22 billion yuan. According to fund investment analysts, this constitutes speculation, a kind of 'greater fool' hype."

Everyone laughed when he said that.

"Playing the fool? That's certainly true. The fools are the ones who end up buying in the end, and the fools are the ones who sell first. Is this just some sour remark from a fund that missed out on the gains?" Liu Zengcheng sneered.

"We still need to be careful about their words. If these people's remarks are too harsh, it may affect their mood the next day."

After Xu Jin finished speaking, he looked at Chen Xuebing and then said:

"However, the current short-term speculative atmosphere is at its peak. Speculating on new stocks in Shanghai and Shenzhen is a tradition. The reform of exchanging warrants for circulating shares is an innovation and is in line with the current stock reform policy. I judge that the management will protect it. In fact, we saw this yesterday when it was at 0.9 yuan. Moreover, the stock market is now being severely drained by warrants. These two days are not a good time to speculate on stocks. I think we can continue to enter the market tomorrow. What do you think, Mr. Chen?"

"As I said, go ahead and do it. I have no objection to the entry decision, but there are some technical issues to pay attention to."

Chen Xuebing counted on his fingers and said:

"First, there's the trading frequency. The transaction fees have been high these past two days, and the entry and exit cycles for large funds are too long, making it difficult to profit from short-term fluctuations. We're also using a single account. Liu Zengcheng, you haven't handled such a large amount of capital before, have you? I noticed that your short-term profits this morning weren't very good. When doing short-term trading, don't invest so much money. You should use a million-level fund to make small profits. Also, you need to learn how to manage large funds. Xu Jin, you should teach him more. In the future, many of our fund flows will be in the tens of millions per transaction. We need to make small profits, but we need to make even more big profits."

"Oh, I see."

Liu Zengcheng's biggest takeaway from the past two days has been a different way of thinking. Although he was unwilling to admit that Xu Jin was better than him, Xu Jin was clearly more adept at managing tens of millions of yuan.

Xu Jin nodded: "Don't worry, Mr. Chen. As for the fee issue, I've already negotiated the terms with the branch. They'll charge 0.2%, but for large transactions, they'll return about half to us. In the future, when we run a private equity firm, commission rebates will be an important source of income for us. With a management scale of 100 million, that's at least one million a year." Chen Xuebing smiled and sighed.

"Don't just focus on the small gains, think about the big picture. We'll be setting up a private equity fund soon. As for the securities company, we need to pay more attention to confidentiality. Why did I choose CITIC Securities? Because they are currently the only listed securities company, and we need to be mindful of our reputation. We must clarify this issue with them. If our operations are leaked outside of the exchange's published trading data, we will definitely fight them in a long and protracted legal battle."

The "Dragon and Tiger List" is a list published by the stock exchange based on the price deviation and turnover rate limits of individual stocks, revealing the names of the top three securities firms' buying and selling seats for stocks that exceed the limits on that day.

These days, the internet is still in the 2.0 era, and most people know that having a seat is actually useless.

However, some capable and observant individuals can inquire about information from the securities departments related to the trading seats, including but not limited to Chen Xuebing's account opening information, which stocks he bought, how much money he made, and how much money he still had in his account.

Faced with this question, Wu Zisheng, who comes from the securities industry, gave a helpless smile.

"This is something that's hard to avoid. Companies don't dare to do it, and there are also individuals in the financial industry. Let alone getting sued, there are plenty who would rather go to jail. Tilanqiao Prison is never short of people. We can only try to avoid provoking the big shots."

Upon hearing this, Xu Jin looked somewhat embarrassed.

Chen Xuebing laughed: "Old Xu didn't graduate from Tilanqiao, did he?"

Xu Jin shook his head repeatedly: "That place has high barriers to entry. I was only sentenced to seven months. How could I possibly get in? But several of Delong's accountants have managed to get in."

Chen Xuebing clicked his tongue twice: "Any good accountant will have to spend two years in jail. Our company happens to be short of a few good accountants. Why don't we send a couple to the entrance of Tilanqiao to be jailed?"

Everyone was speechless.

Ren Ying, who was in charge of Chen Xuebing's accounting, felt a chill run down her spine.

"Mr. Chen, I only make 2,500 a month, you can't possibly..."

Chen Xuebing turned and glanced at her: "What, you think your salary is too low now? When are you going to take off your braces? I'll give you a raise if you do.

Ren Ying's chest heaved violently, but then she remembered the "emotional value fee" in her salary structure.

Chen Xuebing then smiled and nodded on the table in front of him.

"Hurry up and analyze the market. This profit is all thanks to you all. Don't worry, everyone here will get a share of the big bonus after the market closes!"

A cheer erupted instantly.

"Thank you, Mr. Chen!!"

……

For the next two days, New York 45 was in a state of intense excitement, with shouts of commands coming out every now and then.

On August 24, Baosteel warrants opened 1.68 higher and then fell to 1.62. After the market sentiment calmed down, Chen Xuebing invested 1935 million yuan and Hong Yongqiang invested 5 million yuan to enter the market.

It touched a high of 2.10 during the trading session.

I exited at an average price of 2.01, and then bought back in at lower prices on several subsequent occasions.

Yin Xin said that the woman came again yesterday afternoon, but did not try to come in. She just lingered at the door for a long time. After hearing Mr. Xu shout "Add to position" from inside, she left in a hurry.

Chen Xuebing looked thoughtfully at the doorway, then smiled and told Yin Xin not to even linger at the doorway anymore, and to call security as soon as she arrived.

On the 25th, it opened high at 1.90 yuan, and then the price was quickly pushed up to 2.088 yuan.

Twenty minutes earlier, Xu Jin received a phone call.

"Large sums of money are about to withdraw."

Chen Xuebing decisively issued the order.

"Let's go! We're not playing anymore!"

Liu Zengcheng demonstrated the exit techniques he had just learned: raising the price by 200 or 300 lots to drive up the price, then exiting with 5,000 or 8,000 lots to cash out. He even took advantage of the gap during the rapid decline to create a small upward wave. Within five minutes, he cleared out 200,000 lots at an average price of 1.995, a very sharp way to cash out at a high price.

In the end, 10,000 shares were kept as a memento.

Forty million!

A deafening roar of cheers.

Hong Yongqiang and Yu Chunyin, two older men, couldn't shout like the young people, so they clasped hands tightly and shook them like the three brothers from Taoyuan, expressing their excitement.

Chen Xuebing's heart pounded wildly.

Then, he picked up the calculator.

"Reset to zero, reset to zero."

It's time to settle accounts.

"Uncle Hong, you made about 500 million from your 300 million. I'll take 20%, so I'll give you 740. How about that?"

Hong Yongqiang grinned from ear to ear: "Fine! You're in charge!"

"Four hundred and zero, minus, seven hundred and forty." The female voice on the calculator followed Chen Xuebing's hand as he counted out the numbers.

"And that 100 million you invested has become 370 million, you made a profit of 270 million, I took 54, and I'll give you 316 million... Oh, and I also lent you 200 million, so I'll give you 516 million."

"Get it!"

"Subtract, 516."

"Uncle, your 1.5 million is now 555 million. Consider the 50,000 as my bonus. If you earn 4 million, I'll take 800,000 and give you 4.7 million."

Yu Chunyin and his mother were having a dream.

Monday to Thursday.

He lost 300 million yuan right after his divorce, but he got it back in the blink of an eye!

"You're still trading stocks? ...Can you really keep this money with you?"

"Let's settle the accounts first."

"Subtract 470, and you get 2274."

Chen Xuebing thought for a moment and decided that Xu Jin and Liu Zengcheng would each receive 3%.

Multiply by 0.06.

136.44.

Balance: 2137.55 yuan.

His initial investment was less than 500 million.

An absolute victory.

Looking at the smiling faces in the hall, Chen Xuebing smiled and, mimicking the tone of a computer, said:

"Subtract thirty."

……

In the afternoon, Baosteel Securities continued its fierce battle, vying for control of the price at 1.8.

New York 45, however, returned to calm, like the "Mic drop" in the hip-hop circle, throwing the warrant on the ground and forgetting about it, and started looking for low-priced stocks in Chen Xuebing's pre-selected stocks to build positions.

At three o'clock, Mr. Chen came in carrying a briefcase. He met Yin Xin, who was standing at the front desk, opened the briefcase, took out a wad of ten thousand yuan, and threw it in front of her.

Yin Xin was stunned by the impact.

"A red envelope," Chen Xuebing said with a smile.

Yin Xin gave him a complex look on the spot, the kind only an award-winning actress could pull off, containing shock and admiration, a touch of gratitude mixed with intense surprise.

"Ah—! Mr. Chen, I love you!"

Winning a girl's love is that simple.

Then, 10,000 each.

One roar after another filled the hall, expressing their love for President Chen.

"Brother! You are the guiding light in my life!!"

Chen Xuebing quickly raised his hand and stopped Yu Yi from kissing him.

"Old Wu, take 50,000. Xu Jin and Liu Zengcheng, you two will each take 650,000. But I think you should each keep 500,000 for our first phase of the fund. What do you think?"

The two exchanged a glance, both knowing that this huge bonus couldn't be taken away right now, and nodded.

"Mr. Chen, the stock market is not performing well today, so it's probably not a good time to enter the market. What are your plans for the future?"

"Searching for the meaning of life."

Everyone:? ? ?
Chen Xuebing laughed: "A holiday! Time to spend money!"

...

"yeah!!!"

(End of this chapter)