My autobiography cannot be a tragedy

Chapter 242 Seeing Rumors Again
Friday, May 4th.

The weather is sunny and the stock market is cloudy.

Changchun Biotech ushered in its fifth daily limit, and its market value has fallen by 5% from Monday.

"Millions of hand orders! Why don't you even give them a chance to cut their flesh and leave?"

"Yaoshou! This is the rhythm of falling directly to ST!"

"Hehe! Don't talk about ST, I believe in forced delisting!"

"Delisting? No way, that's the first time my Dahuaguo A shares have been forcibly delisted due to major violations..."

"Delisting or not is not something we should consider, but is this considered a false statement by a listed company? Shareholders with heavy positions, can they demand compensation in accordance with the law?"

"Compensation according to the law? There must be hallucinations upstairs."

"Alas! Life is tinkering, and the stock market spends money like dirt..."

Countless stockholders who stepped on thunder are wailing, tomorrow will be the weekend, but they can't see the hope of getting rid of the trap at all.

As the details of the case were disclosed one by one, the chairman of Changchun was arrested, and the stock of Changchun Biotech will soon be suspended from ST, and then continue to drop the limit...

Xu Group.

"Mr. Xu, as of now, we have lost 3.7 million yuan. I'm afraid it will be bad if this continues..." Cui Jizhong said worriedly.

"I can count!" Xu Jinsong said with a gloomy face.

It's one thing to vaguely guess, but quite another to watch things go from bad to worse.

According to the current drop method, if the 9 million they invested can get out of [-] million or [-] million, it is considered a high-spirited, and the worst case is that they lose everything.

The huge book loss is one aspect, but the criticism from that old guy Xu Boli is the bigger problem he has to face.

With such a big loss, it must be impossible to hide it.

Although Xu Boli and his son have been temporarily fed by an investment department, there is no guarantee that the next time the board of directors will get the news, Xu Boli and his son will not attack again.

"What's the situation on the Qinling Mountains now?"

"According to the news from the upper echelon, the situation is quite optimistic, and the wrestling between the upper echelon and the local government on this matter is not a day or two, and it is not a little wind and grass that can change things.

Construction has now resumed. "Cui Jizhong reported.

There are more than 1000 illegally built villas, and there is such a big movement, how could it be possible that the above did not know the situation.

The reason why it has been delayed again and again has its own national conditions...

Xu Jinsong heaved a sigh of relief.

A bad news and a good news, at least it won't make me feel overwhelmed.

As long as the project on the Qinling Mountains is completed and the time is taken to make a move as soon as possible, then this money will be considered safe.

For some reason, after this incident was exposed, he always felt a little anxious, as if something would happen.

"Instruct the person in charge over there to hurry up and complete the project as soon as possible, and then find a few marketing agents to sell the villa over there as soon as possible!"

"Okay Mr. Xu." Cui Jizhong nodded, then hesitated.

"One more thing, a lot of money in the stock market is locked up, although our liquidity will not be exhausted, but it will be quite tight.

The investment plan for the second half of the year may be affected, you see, do you need to slow down the expansion of the strategy department..."

Xu's Group originally had more than 20 billion liquid funds in its account, but this time it was trapped for less than half, leaving only more than one billion yuan.

More than one billion may seem like a lot, but for the huge size of the Xu Group, it can be regarded as stepping on a tightrope.

However, Xu Jinsong categorically rejected Cui Jizhong's safe suggestion.

"No! Once the company's strategic investment slows down, it will tell the outside world that Xu's business has indeed encountered difficulties.

Xu Boli and his son have even more excuses to question my ability, and we are even more passive on the board of directors.

Therefore, we must not slow down our strategic pace, we can only find ways to raise funds! "

"But... our debt ratio is already very high. Although the bank still has a part of the loan line, the money has already gone somewhere.

If corporate bonds are issued for financing, the approval of the board of directors is required, which will also arouse doubts from the outside world.

In this way, there is still a funding gap of several hundred million yuan..."

Although the current real estate situation is grim, at least there are no three red lines.

Under the crazy expansion model of developers borrowing chickens to lay eggs, the current real estate companies are basically "enclosing money with one hand and land with the other", and the capital turnover rate has reached the extreme.

Under such circumstances, it is not so easy even with the ability of the Xu Group to conjure nearly one billion funds out of thin air.

"Oh! You forgot, didn't the group just acquire a P2P company recently?"

"This...Mr. Xu, you mean to use this P2P company to finance yourself?" Cui Jizhong's eyes widened.

P2P is the abbreviation of peer-to-peer lending, that is, person-to-person, also known as peer-to-peer network lending.

It is a private micro-lending model that gathers small amounts of funds and lends them to people in need of funds.

It is a kind of Internet finance (ITFIN) product.

Cui Jizhong's so-called self-financing is to turn the person-to-person intermediary business into financing for himself or in disguise.

"Mr. Xu, is it risky to do this?" Cui Jizhong frowned.

With regard to platform self-financing, although the country does not currently have a clear legal characterization, it is generally believed that self-financing platforms are very likely to violate the crimes of illegally absorbing deposits and establishing financial institutions without authorization under the criminal law.

Because the P2P platform is self-financing, it is tantamount to borrowing money for itself, risk control is useless, repayment ability review, mortgage guarantee, etc. are all formalities, which may easily lead to overdue or bad debts.

And when bad debts appear, all safeguard measures will not play any practical role, often causing investors to lose their money.

Therefore, the self-integration of the P2P platform is completely playing the sidelines of the law.

It's good that nothing happens, but if something happens, the Xu Group will be in a lot of trouble.

Although P2P was originally intended to suppress usury and promote private financing, the profit-seeking nature of capital has turned it into an out-of-control beast.

In order to attract more funds, it is quite common for P2P platforms to have an annualized rate of 10%. Many small and medium-sized platforms are still raising interest rates, and in the end they can only borrow new ones to repay old ones.

This model of "tearing down the east wall to pay the west wall" is completely an alternative Ponzi scheme.

From 2017 to 2018, although there are still a large number of P2P financial companies active in the market, in fact, many companies have been hit by thunder one after another.

Now that asset management is becoming stricter, Xu Jinsong is suspected of committing a crime by doing so.

"I, the Xu Group, can afford such a small risk!" Xu Jinsong didn't care.

Seeing that Cui Jizhong wanted to say something more, Xu Jinsong interrupted him directly.

"Needless to say, do as I tell you."

"This... yes!" Cui Jizhong could only nod his head.

"elder brother!"

At this moment, the door was pushed open, and Xu Jinfeng, who was wearing a black motorcycle leather jacket, walked in loudly.

Seeing the other party like this, Xu Jinsong suppressed the disgust in his heart.

"Why are you here? I'm busy today, but I don't have time to accompany you."

"Brother! I don't want to come either, but the movie investment that you promised me, Cui...Uncle Cui always asks me to wait, wait, I've been waiting for a few days? I'm not in a hurry!"

As Xu Jinfeng spoke, he glared at Cui Jizhong.

Cui Jizhong could only smile wryly.

When Xu Jinsong heard this, his eyes suddenly darkened.

Stupid brother, I'm afraid you don't even know my current situation, but you are still here to make things difficult for me?

Film investment?

Do you really think that money is blown by the wind?
Xu Jinfeng obviously hasn't learned the trick of "observing words and emotions", and is still bragging about himself.

"Brother! You don't know, my brothers and I have met many producers these days, and we are so busy that we finally found a great movie script!

Big writers, big investment, big scenes, all the big names are invited, it is definitely a big production!

Even Young Master Hong praised us for our unique vision, and even said that he would participate in the investment with us.

elder brother!This movie is guaranteed to make money. If you get a lot of money, you can invest in it with confidence. I dare not say that it will be more than ten times, and it will be four or five times.

After this village, there will be no such shop! "

The corners of Xu Jinsong's eyes twitched.

pick up money?Do you think that everyone in this world is like you, and you can get money from me by opening your mouth?
Although I really want to give this stupid Oudou a face, but Xu Jinsong is deep enough in the city after all, and his expression is in place.

He patiently showed a kind smile.

"Hehe! Since Young Master Hong wants to participate in the investment, the movie is really good. Well, within 10 days, the 2 million funds will arrive in the account."

Cui Jizhong frowned slightly when he heard this, but this was Xu Jinsong's decision, so naturally he couldn't say anything.

"2 million?" Xu Jinfeng seemed to feel that the money was less, so he curled his lips.

"Cough! Xu Shao, the group is not rich recently, and there are still many investment projects. After all, it is your first time investing in movies. 2 million is already a lot to test the waters." Cui Jizhong said quickly.

"Well... that's fine." Xu Jinfeng finally gave up unwillingly.

"Okay, okay, when the company has spare funds, I will definitely increase your support for your movie. This is the head office."

"Hey! That's what you said."

"I said, that's fine, I'll send you out, don't go to the company dressed like this in the future, it won't affect you well after all.

By the way, what's the name of the movie you're watching? "

"Oh! It's called "Magic City Fortress". It's a super-burning sci-fi movie, and there's definitely a market for it!"

"Hmm! That sounds good."

"..."

"Crack!" The office door was opened.

Xu Jinsong personally sent Xu Jinfeng out of the house with a doting face. In front of outsiders, this is a pair of good brothers with deep affection.

Everyone knows what kind of virtue Xu Jinfeng is. For Xu Jinsong who can still protect his younger brother in this way, it has earned a good reputation as a brother and friend.

But today, the atmosphere outside the office always felt a little strange, a little...too quiet?
Before reaching the elevator entrance, Xu Jinsong frowned.

The strange eyes and the pointing behind me along the way... Could it be my illusion?

"Manager Wang, come here!"

Cui Jizhong seemed to be aware of Xu Jinsong's unhappiness, and immediately named a manager.

A middle-aged greasy uncle walked over with some apprehension.

"Mr. Xu, Mr. Cui, Mr. Xu!" He nodded and bowed.

"What's going on? What are you muttering about during working hours?"

Cui Jizhong pointed to several female white-collar workers who were whispering in the distance, and they were so frightened that they immediately separated and fell silent.

"This... this..." Manager Wang dripped sweat from his forehead.

"Say!" Xu Jinsong said with a cold face, and Manager Wang shivered in shock.

"Yes...it's a rumor about Mr. Xu on the Internet!"

"Huh? Rumors about my brother?" Xu Jinfeng suddenly became interested.

Could it be peachy gossip?
Xu Jinsong frowned.

rumor?

Another rumor?

Could it be Xu Boli's old coin again?
Ah!Do you want to use the same move on me a second time?Do you underestimate me, Xu Jinsong?

"This...Xu Shao, please...please read it for yourself."

Manager Wang didn't dare to answer at all, so he could only take out his mobile phone with a bitter face.

Before Cui Jizhong could pick it up, Xu Jinfeng snatched it up.

Sliding his fingers, Xu Jinfeng's expression went from being excited at the beginning, to being shocked at the end, and at the end, he looked up at his own brother with an extremely complicated expression...

"what happened?"

Xu Jinsong faintly felt something was wrong.

But in front of outsiders, he still maintained that expressionless workplace mask, and took the phone with a calm face.

However, after half a minute...

Xu Jinsong's expression management was completely out of control!

His face was contorted and his eyes were red.

"Who! Who is it!!!"

　It's the end of the month, ask for a monthly ticket~
　　
　
(End of this chapter)