Those Years When I Was Forced to Top the Forbes List

Chapter 157 Warning
1.39 million, that's a significant amount of capital reduction.

The original statistics showed that the total amount was 1.17 million yuan from 20 people, plus his own 20 million yuan, Everbright's 30 million yuan, Xu Yunfeng's 6 million yuan that just came in, and CITIC Securities' 10 million yuan raised from 8 investors this month, which is 183 million yuan.

There's actually a shortfall of 4400 million. Of the original 20 people, most of them have reduced their investment, and two have simply quit.

He was planning to throw a tantrum today.

But when I actually arrived at the scene and saw the expectant eyes of these investors, each of whom represented a company or a sizable individual business, I felt a sense of empathy for their pressure.

With the reporter's provocation, he decided to stop making things difficult for these people.

He looked at the female reporter in front of him and straightened his tone:

"We are an open fund, and respecting the wishes of investors is a fundamental principle. Most of our investors are business owners, and it is normal for their cash flow to change. Moreover... the fund's lock-up period ends at 4 p.m., and it's not time yet. How can you judge that the actual fundraising will be much less?"

The investors around him were all nodding and smiling.

The actual amount they invested differed from the original letter of intent, and some of them felt embarrassed, since it was something that had been agreed upon. But Xiao Chen's response was nonchalant.

A general's demeanor!

Chen Xuebing, of course, had no intention of giving up, and his tone became slightly more assertive:

"But I believe that the stock market reaching 1000 points is history. With the opening up of policies, a hot market is just around the corner..."

At this point, the female reporter in front of him, not intending to let him continue his impassioned speech, interrupted:
"Mr. Chen, what are your thoughts on Baosteel warrants?"

Upon hearing this question, Chen Xuebing thought to himself, "As expected."

Those who were looking for it eventually came knocking.

He chuckled, ignoring her, and finished speaking: "The upcoming market will undoubtedly see an unprecedented rebound. We must be steadfast investors, moving forward with reform. I believe the Long March 1 will surely be a glorious force..."

The voice was interrupted again at the highest point:
"Mr. Chen, are you avoiding my question?"

"Please leave." Chen Xuebing, having found a pretext, immediately began to speak harshly, glancing at Wu Zisheng beside him:
"They interrupted me twice with just one sentence. Who invited this media outlet that doesn't understand mutual respect? Find out which newspaper it is, add it to our group's blacklist, and don't let them publish any interviews about our group in the future. Also, review their reports afterwards and have Attorney Wei study them word by word. If they have any defamatory remarks against us, we will sue them to the end."

Awkward.

Those around him were surprised that Mr. Chen would speak so harshly in public and dare to criticize the uncrowned king.

Wu Zisheng immediately ordered someone to ask the female reporter to leave. The female reporter was embarrassed and glared at Chen Xuebing with all her might.

At that moment, she was unaware of what she had lost.

Although Chen Xuebing made a move, his reasons for kicking people out were quite valid, and the few people around him who were originally eager to try began to rephrase their statements.

Journalists make their living by writing, so of course they wouldn't be deterred by Chen Xuebing's tough attitude.

"Mr. Chen, may I not ask about the Baosteel warrants?"

There's a trap hidden in these words. Whether Chen Xuebing remains silent or denies it, they both have something to write about.

"It's not that you can't ask, it's that we should respect each other. If you're going to ask me, don't interrupt me."

As Chen Xuebing spoke, he didn't look at the person who asked the question, but instead turned to Ren Ying and raised his hand.

Ren Ying handed him a notebook.

"Mr. Chen, I heard that you made a lot of money on Baosteel warrants, earning tens of millions in just four days. Everyone knows about the situation with Baosteel warrants. You claim to be investors in the market. I would like to ask you, are you investors or speculators?"

"Well…"

Four days, tens of millions!

This issue has once again caused an uproar.

Many reporters around were unaware that this fund was so well-known.

Chen Xuebing's gaze finally drifted to the face of the person who asked the question, and a slight smile appeared on his face.

"Millions in profits? Where did you get your information from?"

The reporter firmly shook his head: "I'm sorry, I can't say."

Chen Xuebing smiled again: "What about the Golden Eagle Fund? Do you know how much it has earned?"

The reporter was stumped by the question.

Why should I know about Golden Eagle Fund?

"Since you want to understand Baosteel warrants, I will explain it to you in its entirety."

Chen Xuebing opened his notebook and slowly said:
"About 65% of the Baosteel warrants, or 2.51 million units, were held by dozens of institutional investors, including Golden Eagle Fund."

"From August 22nd to October 31st, which was yesterday, over 45 trading days, the trading volume reached 35 billion yuan. On 13 of these days, trading seats were listed on the exchange's 'Dragon and Tiger List,' which requires the disclosure of the top five trading data points, due to price fluctuations exceeding 7%."

"There were 13 Dragon and Tiger Lists, with 65 spots publicly disclosed. However, only 21 securities business departments were among those 65. In other words, these 21 departments appeared on the list multiple times."

“其中，深圳红岭中路11次、湘财证券杭州天目山路10次、海通证券上海玉田支路8次、光大证券上海张杨路6次、华夏证券总公司交易部7次，国泰君安上海江苏路6次。”

"In other words, the main funds that determine the trend of Baosteel warrants are hidden in these 6 brokerage branches."

After Chen Xuebing finished speaking, he raised his head and revealed a provocative smile, as if looking at the manipulator who might be thousands of miles away.

“I have detailed information on all the institutions and speculative funds behind the securities departments on the Dragon and Tiger List, but we are not among them. Since you are so eager to understand Baosteel warrants, I will give you the information, and you can expose them one by one, how about that?”

There was silence.

The implications of this dialogue were already clear to most of the journalists present, who were mostly from the financial sector.

Baosteel warrants have caused so many people to lose money.

Behind the 350 billion yuan trading volume are a massive number of stock market investors, some of whom are driven to desperation, while others have been wiped out.

Anyone who exposes the person who made a fortune behind the scenes will incur immense hatred from that person. Sending them razor blades or smashing their windows are the least of their worries; there are plenty of people who are capable of doing far more outrageous things.

Mr. Chen got really angry and was about to turn hostile.

The data that Chen Xuebing just read out was being taken down by someone, but they've all secretly crossed it out now. No one would dare report this information. With 21 business departments, there are at least 21 dealerships. If it gets out, they'll make enemies all over the world.

Chen Xuebing grinned, secretly glad that he had come prepared. Otherwise, the reporters who had no reason to attend today would not dare to offend anyone, but they dared to offend him alone.

Baosteel warrants are too large a market and have been heavily sold off, posing a significant risk, which is why he is very cautious.

He had Ren Ying keep an eye on the trading records and the list of top traders during this period.

When someone tries to frame him, he retaliates with the same open tactics.

You can find out about Lao Tzu, and Lao Tzu can find out about everyone else.

If anyone tries to mess with me, I'll smash the pot, and then someone will naturally investigate who started this report.

He also had some lingering worries.

Because of the first six securities brokerage branches he just mentioned, four of them are backed by a well-known organization in the industry.

The "limit-up daredevil team".

The troops of that Chief Xu.

Moreover, on the first day of warrant trading, two of these four companies appeared on the buy list.

That day, I was involved in the big players' manipulation of the market, and the warrants fell from 1.263 to 9 cents. I played a significant role in that.

At the time, many people didn't expect it to drop to the next level. Large buy orders started appearing around 1.229. If that was Xu Xiang, his large buy orders would have entered at a cost 32 cents higher than the low point, nearly 30%. A master's reputation is the premium for their trading seats, and it's also the capital that leads the market in the long run. Even if they lose a lot of money occasionally, and eventually make a profit, that loss is a loss of reputation.

Of course, there were other big purchases that day, and he wrote them all down in his notebook. As for those that weren't on the list, there was no way to find them; he didn't have that much power yet.

He doesn't want to speculate too much now, lest it only cause him more distress.

The surrounding area was buzzing with discussion, and the reporter's expression was uncertain. He dared not delve any deeper into the topic, fearing that Chen Xuebing might actually hand him this hot potato.

"Mr. Chen, with such high profits, is there any illegal trading involved?"

Some were still brave enough to charge forward in a different direction.

Fortunately, Chen Xuebing was quite confident about this matter.

"Our fund has just been established. Before that, we were trading with a single account, a single account, understand?"

Chen Xuebing was completely unambiguous. After saying this, he exuded righteousness: "Let me reiterate, we are a private equity fund. All our operations are subject to third-party supervision, and we are also under the supervision of the China Securities Regulatory Commission. Our records are always available for review, ensuring our legality and compliance. Moreover, Changzheng No. 1 aims to become the top-performing fund in the entire market in the coming year. We want to prove to all investors that insider trading is not the only way to achieve the highest returns!"

A group of people were stunned.

mad.

So crazy.

"Hahaha...Great!" Hong Yongqiang laughed and clapped in the crowd.

The other investors were also all smiles.

They need this kind of madness.

These days, doing business requires a lot of boldness.

Being bold and reaping high rewards is an unparalleled thrill.

Investing in the number one ranked fund is not only about making money, but also a valuable experience in life!

Some people have already started to change their minds. This young Mr. Chen is very classy and has a proven track record of success. Even though the market is bad right now, he has perfectly avoided it. If it really works out…

Missing out on a stock is even worse than losing money!
Two reporters who were planning to cause trouble but hadn't spoken yet realized they wouldn't get anywhere today. If they spoke up again, they wouldn't get their travel expenses either.

You might even be resented.

Chen Xuebing delivered the necessary warnings, his mind already at peace, and walked into the hall amidst applause.

The bright and spacious office lobby features a small round table next to a large central round table, topped with a six-tiered champagne tower. A long table is also placed nearby, displaying small cakes and other desserts.

Elegant piano music filled the air.

Chen Xuebing looked at the employees busily providing services and distributing brochures, and felt somewhat satisfied.

"Chairman!"

Several people gathered around, and Chen Xuebing shook hands with each of them.

"Mr. Xiao."

—Xiao Haidong, the group's chief financial officer, is a newly promoted senior accountant and the chief financial officer of a development company under Chongqing Urban Investment Group.

"Mr. He."

—He Yue, the group's administrative director, was formerly the deputy secretary of the Party Working Committee of a certain street office, and later served as the director of the administrative office of a special steel plant. She was also a Chongqing March 8th Red Banner Pacesetter.

"Mr. Wang."

—Wang Yunxiang, Deputy Chief Financial Officer of the Group, Professor of Auditing at Chongqing University, and Ren Ying's teacher.

With so many talented people, Chen Xuebing seemed to have opened a list of cards in his eyes, writing the experiences of these people into their name cards.

These three people were chosen before he went to Shenzhen, and they haven't communicated much.

After further observation, we might add a competency rating to their name tags.

B, A, S, SS, SSR…

Those who catch his eye are at least B-level ability users.

To put it in perspective, Trump would be a C-level individual, possessing a strong sense of conviction (a low-level ability).

These people are the group's current main employees, but they may not be the core of the future workforce. The company's structure and bylaws will have to change in the future, and he doesn't care about the severance pay. Who will stay until the end remains to be seen.

Therefore, he doesn't plan to spend too much time investigating or invest too much emotion in the matter at present; he'll see how things go.

After exchanging a few warm greetings, he found Xu Jin and Liu Zengcheng and began to focus on the main business.

"Did you enter the market during today's bidding?"

It's already 9:20, time for the opening auction.

"We still have over 20 million yuan on hand, and we plan to wait for the opening of the market," Xu Jin said.

"No need to wait any longer. Last Friday's price of 1080 points was the low point. Stocks that did not rebound on Friday afternoon were all bought up. Starting this week, we will use Friday's midday record as the benchmark and buy low and sell high."

Liu Zengcheng was a little unsure: "Didn't you say that those who entered the venue shouldn't move for the time being?"

Chen Xuebing sighed, "I invested this weekend... never mind, I'm under a lot of financial pressure. Xiao Lang, you should try it out too. I'll personally oversee the market for you. Also, I haven't assigned you any positions at Changzheng Capital yet because we're going to set up a primary investment department later. I think you two should both do your jobs well as investment managers in the securities sector. I won't assign you any job ratings, but your compensation will be as agreed when you joined, plus seniority-based growth. How does that sound?"

The two looked at each other and nodded.

Their daily work consists of analyzing the market and devising strategies. They have little desire for management or spare time, since those ten traders are their subordinates and they don't need any more.

Just then, Wu Zisheng arrived as well.

"Chairman, those reporters... should I spend some money to find out who sent them? Someone's trying to mess with us, we need to be careful."

Chen Xuebing said indifferently, "Whatever you want, but I don't think you'll get any answers. If you can get five media outlets to come and cause trouble at once, even if you find out, you'll just be a middle firewall. If you don't even have that much awareness, you're just a trash opponent. Don't be wary of you."

Wu Zisheng smacked his lips, unusually showing a desire to compete with someone.

“Even after we’ve been trading for a few days, they know we’re up to something. I suspect CITIC is up to no good. Once I find out, we’ll set up a trap and make them pay the price.”

“Just do your job well, and I’ll leave the securities department of Changzheng Capital to you, Minister Wu.”

Chen Xuebing's words left Wu Zisheng with a question mark slowly forming on his face.

"?"

Xu Jin laughed: "Old Wu, you're our boss now."

Liu Zengcheng clicked his tongue in a rather peasant-like manner and said, "Chairman, Old Wu is only a minister? Then we'll have way too many superiors above us in the future!"

Chen Xuebing chuckled.

But I was too lazy to explain to him.

With the securities market poised for a two-year bull run, the rapid development of Changzheng Capital is a foregone conclusion, with a future more certain than the other two companies. In addition to funds, it will also be responsible for the group's core investment business, potentially becoming the group's first subsidiary. The leadership of this company is not easily determined.

Wu Zisheng was able to become a minister because he was a veteran official.

He gently patted Wu Zisheng's shoulder.

"Old Wu, remember the three certificates I mentioned. If you pass one, your salary will double. I hope you will become a role model for the growth of the group's employees in the future."

(End of this chapter)