What's wrong with me being a rich man?

Chapter 115 The second goal

On January 1, there were new developments in the Hong Kong short-selling incident that aroused media curiosity and made victims grit their teeth.

At ten o'clock in the morning, the previously hacked website of Guoshanfeng was restored, and a cartoon snake and a sentence appeared on it.

——See you next time.

A sentence in both Chinese and English.

See you next time?
Is the short position of Fenzhong Media over? Will no more data be released?

And, does it have a new target?
Who is it?
Fenton Media’s current round of troubles is not over yet. The SEC’s public investigation is certainly no joke, and its plunging stock price has also attracted coverage from Wall Street media, which also included an explanation of “getting over the peak.”

Unlike the mainland media, Wall Street is very familiar with short sellers and defined it as a new short seller from the very beginning, so it is not surprising that it is mysterious.

Because this is a common practice in this industry, companies rarely let the outside world know more about themselves. Many institutions only publish short-selling reports and necessary contact information online.

Generally speaking, the actions of institutions and funds are separate, and the funds are already in place long before the short-selling report is released, making it difficult to track.

In response to this, the U.S. SEC has enacted Rule 1934b-10, based on the Securities Exchange Act of 5, which also applies to institutions and prohibits fraud, false statements, or omissions of material facts.

Of course, it is difficult to implement it in practice. After all, information and funds are separated. If it can be fully implemented, the first to suffer should be the listed companies that engage in fraud.

Guo Shanfeng succeeded in his first attempt, which made many Wall Street media mark him and look forward to verifying whether there will really be a "next time".

Although they were still in a bad mood, the top management of Fenton Media noticed the short sellers' statements and Wall Street's analysis, and felt somewhat relieved. The next step... was to face the headache of the SEC's investigation.

This Lunar New Year is destined to make Jiang Nanchun uncomfortable.

In comparison, Yu Xing felt much more comfortable.

On the afternoon of January 1, the founder of Bai Xiaosheng, who had just returned from the bank, held a final informal meeting with his employees before the holiday and announced another good news - he had had useful communication with the bank on loan matters!
This caused cheers throughout the company.

However, after the meeting, Lv Haiying came to the office and asked how to understand "beneficial communication".

"The bank didn't kick me out, and I did get some good information," Yu Xing explained.

Lu Haiying understood and just refused to give the loan!
"Logically, it should be easy to get a loan since the government has clearly stated that they are going to release more money and plan 4 trillion yuan," said Yu Xing, who was also puzzled. "But I went to several banks and they all said that they would not lend before the New Year and that they might not have a loan quota after the New Year."

Lv Haiying asked tactfully, "Do you want a rebate? The New Year is coming soon, do you want to give gifts?"

Yu Xing thought about it and decided not to adopt this constructive suggestion for the time being. He decided to ask someone who might have resources in this area first.

"Oh yes, Xiaoying, there is something. I have been thinking of a good topic these days. You can push it before the New Year."

“Just to talk to you about the legendary companies in China.”

Yu Xing decided on the bounty order in advance.

Lu Haiying pondered for a moment and asked in confusion: "How do you understand this? The wording is not very... not very conventional."

Yu Xing expressed his thoughts, whether positive or negative.

"Brother, how about this? Let's start a discussion - what companies or work details do you encounter that you don't understand?" Lv Haiying said thoughtfully, "Maybe everyone can talk more this way, and it's in line with the recent community atmosphere."

Yu Xing repeated it twice and agreed with the second-in-command's optimization, which was indeed in line with recent topics.

He smiled and said, "Okay, Xiaoying, you are becoming more and more experienced in your work."

Lv Haiying also laughed: "Practice makes perfect. However, I feel that this way of operating the community is OK, but the traffic is not so good. The traffic from the previous topics has obviously decreased in the past two weeks. It also happened to be the Chinese New Year. I don't know if the advertising after the New Year can be boosted."

"Our mechanism has been verified. We must believe in the power of mechanism and money." Yu Xing paused and added, "We must also believe in the behavior of some domestic companies."

Lu Haiying deeply agrees with this.

As the workday was about to end, Yu Xing showed up and, smilingly, together with the chairman of the steel company, distributed red envelopes of 188 yuan to the employees. They wished each other happiness and looked forward to making the company bigger and stronger in the coming year.

Bai Xiaosheng is just a start-up, but whether it is the growth of more than 10 users or the speed of angel round and A round financing, it shows a unique vitality.

Of course, none of us have worked in a company where conflicts occurred one after another within two months of going online, so the work is still quite fulfilling.

At eight o'clock in the evening, just after Yu Xing had finished dinner with two couples, a phone call came in from Hong Kong.

"I was just about to call you." Yu Xing said with a smile, "The company is closed tomorrow. I plan to go to the bank tomorrow morning and then go to Jinling to wish your brother a happy new year in the afternoon."

"I'm going back to Jinling on the flight the day after tomorrow morning, so our schedules are different." Liu Wanying said, "Well, there is one thing. The funds need to be transferred from the company's account. What do you think of naming the investment company 'Red Falcon'?"

Yu Xing was puzzled: "Red Falcon? This is the one that flies in the sky, right? Why are they named like this? The one that flies in the sky and the one that crawls on the ground, well, Bai Xiaosheng is considered the one that floats in the rivers and lakes, so we are still missing the one that swims in the water."

"There are snakes crossing the mountain peaks. Hong Jian is an investor and can eat snakes occasionally." Liu Wanying asked, "So you think it's not good, give me some suggestions."

Yu Xing thought for thirty seconds and successfully stuck to the problem. He didn't think the name was important and quickly changed his attitude: "Okay, okay, the name Hongshun sounds very unique. Xiaoying, congratulations. You will return to Jinling the day after tomorrow and you will not be a laid-off employee."

Liu Wanying said with satisfaction: "Red Falcon Capital, how much capital it can have depends on the subsequent cases."

After the success of her first short-selling, she has been summarizing her experiences and lessons over the past two days, hoping to do better next time.

Based on some past experience in mergers and acquisitions, Liu Wanying was keenly aware that... simply finding out and presenting the truth is indeed a good approach.

"Xiaoying, I want to ask, do you know any friends in the bank? Bai Xiaosheng needs a loan to increase operating funds." Yu Xing mentioned business, "The country said there is a loose monetary policy, but I went to check today and they either refused to do it or postponed it to after the New Year."

Liu Wanying hesitated and said, "Yes, I do, but it's just a phone call. I may not be able to help. I no longer have the title of Bain. The people I knew in the past are basically just casual acquaintances. There is no exchange of resources."

"Then you can pick and send them all to me." Yu Xing said without disdain, "I'll give it a try later, just in case."

"What's the interest rate for loans in Shanghai? This round of money injection will definitely stimulate the economy effectively." Liu Wanying judged, "Maybe Bai Xiaosheng was established too recently. It should be better if we wait a little longer."

"The latest one is 5.31%, for one year." Yu Xing pondered, "Another bank manager said that if we really can't wait, there are some state-owned enterprises out there that have some resources in this area."

"State-owned enterprises, um, state-owned enterprises..." Liu Wanying thought for a while and said, "I understand. He may be hinting that he can give you external funds, but the interest rate will at least double."

Yu Xing asked, "How do you say that?"

"This time, the credit funds in this area must be mostly state-owned, but in fact, the projects they have are mostly industrial, and it is difficult to guarantee that they can obtain 10% or even 20% or more of the profits of private loans." Liu Wanying speculated, "The low-cost funds of banks can be easily transferred and lent out for profit, so it is difficult not to encounter the situation you encountered."

"But if you can get a 10% loan, that's not bad. The growth rate of Bai Xiaosheng's business can be higher than this."

Yu Xing thought about it and said, "Since this may have a higher chance of getting the money, let's put it last. I'll ask Xu Xin when I send the New Year's greetings in a couple of days. Her company is in Shanghai and is so famous. She must know someone in the bank."

These were the two candidates he had thought of earlier, Xiaoying and Xu Xin. Judging from Xiaoying's tone now, she didn't have much hope for the resources she had.

Liu Wanying remained silent for a long time, and then couldn't help asking: "Boss Yu, I'm really curious about your mental state. Sometimes I unconsciously have a thought: Are you bullying others too much?"

"She doesn't have to introduce me to someone else. I'm not forcing her. That's her freedom." Yu Xing asked curiously, "But it's also my freedom to ask. Besides, even though we didn't succeed in our cooperation in Round A, we still have Round B."

Liu Wanying sighed: "But your unhesitating mentality is really..."

He's really like a superman!
Yu Xing smiled slightly: "I'm just giving myself a chance, and also giving others a chance."

He finally said, "You will arrive in Jinling the day after tomorrow morning, right? Then I will go there the day after tomorrow morning too. I will take a taxi to pick you up then."

Liu Wanying was speechless: "Take a taxi to pick me up?"

"Give each other a chance." Yu Xing emphasized again, and said with a smile, "Don't forget to buy me a gold bracelet, and remember to choose one for yourself as well."

Liu Wanying said calmly: "Then I'll choose an expensive one."

Yu Xing immediately said: "Okay, it's its honor."

Liu Wanying heard the tone and felt as if she was at a disadvantage.

Everything has basically been arranged before the New Year.

In the dead of night, Yu Xing pondered over and over whether there were any omissions in the company. He thought over and over and made sure that all the routine matters had been arranged. Unless there was an emergency, he could indeed take a holiday.

It's impossible that someone would come to the company during the New Year.

Bai Xiaosheng has had a very peaceful life in the past half month.

Before Yu Xing went to sleep, a thought lingered in his mind. He couldn't stay so peacefully like this.

On January 1, two days before New Year's Eve, Yu Xing made another temporary visit to the bank because his schedule had changed. This time he tried to verify private loans from large enterprises.

Sure enough... once we talked about this, the people at the bank became much more enthusiastic.

Ok……

Yu Xing roughly understood a word, shadow banking.

Regardless of whether it can be used or not, anyway, remember the contact information, just in case Xu Xin doesn't experience the feeling of meeting a soulmate in the mountains and rivers.

At one o'clock in the afternoon, Yu Xing returned to the company. Apart from the employees on duty, only Zhong Zhiling and Lu Haiying were still there. The chairman of the steel company had already taken his girlfriend back to his hometown to meet his parents.

"Are there any interesting companies or jobs that I don't understand?" Yu Xing was still thinking about screening the information from Bai Xiaosheng.

Lv Haiying shook her head and replied, "There haven't been many replies to this topic yet. I'll pin it to the top this afternoon. Now most people are talking about going home for blind dates."

Although Bai Xiaosheng has been online for a short time, it is indeed a platform that is quite fresh to everyone since the development of the domestic Internet.

Perhaps, this is the point. Mobile Internet still needs a foundation, PC Internet is mature, and workplace social networking just lacks a strong entry point.

Yu Xing nodded and walked to Zhong Zhiling's side: "What are you doing here, Zhiling?"

"I'm reading the news on Wall Street, which mentions quite a few short-selling cases, which is quite interesting," Zhong Zhiling said with a smile.

Yu Xing walked away silently.

There’s an effect called the Baader-Meinhof phenomenon, which states that once you learn or are exposed to a new word, fact, idea, or product, you subsequently find it everywhere around you.

Now...this short selling can be seen everywhere.

Seeing that his senior brother was lost in thought, Lv Haiying asked, "Senior brother, how are you spending the New Year?"

"Just visiting relatives and wishing a happy new year, what else can there be." Yu Xing came back to his senses, "Oh, there may be something else to do this year. I will see if my family can grow a new kind of grape. My cousin went to Japan to introduce it. I may help to grow it."

Lu Haiying just laughed.

After a moment, she stopped laughing, looked at her senior brother's serious expression, and asked in surprise, "Really?"

"Really?" Yu Xing answered seriously, "My uncle grows grapes. Well, now is a good time for grafting in our area, which can prevent the high temperature in summer from affecting the new grape vines."

He thought for a moment and said, "If we plant this year, it may not bear fruit by the end of the year. The vines need to fully establish their root system. It is estimated that they will bear fruit next year, and the peak fruit-bearing period will not come until the year after."

Lv Haiying was surprised and said, "Uh, this... is quite slow."

Yu Xing nodded: "Yeah, it's quite slow. Now it seems that we can actually do something else."

Bai Xiaosheng already has the potential to develop.

They could certainly make some money growing new grapes, but maybe they could get something else.

Yu Xing fell into deep thought.

After a long time, he lit a cigarette and felt that he really needed to take advantage of the New Year to think about and sort out his experiences during this period.

Suddenly, Lv Haiying refreshed the webpage and said, "This company seems to fit the definition of 'incomprehensible'. It is a company that makes profits by exploiting intermediaries."

Yu Xing exhaled a puff of smoke nonchalantly.

Lv Haiying read out: "This company is listed in Canada."

Yu Xing turned his head and remembered what Xiaoying said about taking advantage of the information differences between different regions. Domestic companies are running to Canada?
Lv Haiying continued to extract the key points: "Let the intermediary complete the procurement, processing and sales for you, and you have to complete all the income and expenditure independently."

Yu Xing put out his cigarette and asked, what kind of lying dog business model is this?
Lv Haiying laughed and said, "Oh, and after deducting the fees attributable to the agency and the taxes that the agency needs to bear, the net income is settled to the company. Haha, what kind of magical agency is this?"

Yu Xing walked over slowly. His analysis was so methodical. Whose short position was online?

Lv Haiying touched his chin and said, "All the work and risks are borne by the intermediary, and the gross profit margin is still 55%. I don't understand. I really don't understand this."

Yu Xing stood behind the second-in-command and saw the name of the company.

Sino-Forest.

(End of this chapter)