Qinrui Investment Bank, Chairman’s Office.
Qinrui Capital is one of the oldest investment banks in the domestic financial industry. Apart from VIO and its predecessor Qinshi, which can compete with Qinrui and even surpass it in some quarterly financial statement data, it is difficult for anyone in the industry to rival Qinrui.
In the financial derivatives market, Qinrui has always been the leader because of VIO's early restructuring and avoidance. It can even be said that a small half of Qinrui's financial statements are supported by the product department. This time, it is the first time that their position in the derivatives market seems to be threatened.
The most direct reaction is the stock price: as the rumors that Vio is about to re-enter the derivatives market intensify, Qinrui's stock price has recently closed down for several consecutive weeks after a long period of overall growth.
People throughout the company, especially the management, gradually became agitated about this.
During these weeks, no one in the management had a good rest. Meetings of all sizes were held one after another - some formal, some private, all of which were simply to discuss both acceptable and unacceptable competitive tactics and countermeasures.
The meeting held in the chairman's office today obviously belongs to the latter.
The controlling rights of Qinrui have always been in the hands of the Chang family. It is said that when Qinrui was first established, several partners shared the equity management, and the controlling shareholder was someone else. After the listing, the current chairman Chang Jianfeng used the equity betting agreement to pretend to be friendly with the then controlling shareholder, but secretly acquired shares. After finally obtaining absolute controlling rights, he tore off his mask and showed his fangs - after a "bloody battle", Qinrui was taken into Chang Jianfeng's pocket.
Including this equity battle, Chang Jianfeng's business strategy has always been criticized for being unscrupulous and disregarding personal connections, but he has gradually expanded Qinrui Investment Bank, and most of the Chang family's assets have been intertwined with Qinrui, with a solid foundation that cannot be shaken - and capital never cares about personal relationships, even though many people in and out of the industry hate the Chang family, they still have to live by Chang Jianfeng's stinky feet.
Several years after Qinrui entered the market, they had one more person to flatter: Chang Jianfeng’s son, Chang Ting.
Chang Ting is the only son of Chang Jianfeng. Although he is not like some rich second-generations who are greedy for fun, indulge in wine and sex and have no ambition to make progress, he is stubborn and self-righteous, with great ambitions but little talent.
After graduation, he claimed that he wanted to "start from scratch" and took hundreds of millions of sponsorship fees from his father. However, he lost all his money in just a few years and finally returned to the Chang family in disgrace.
Chang Jianfeng doted on his only son to the point of spoiling him. At that time, Qinrui had already established a foothold in the industry and the Chang family had also become wealthy and powerful, so Chang Jianfeng advised his son to just "gain experience."
Then Chang Jianfeng arranged for Chang Ting to join Qinrui. Under the pretext of starting from the grassroots level, and relying on his colleagues' cautious flattery and letting him take credit for their performance, he quickly pushed Chang Ting to the position of general manager within just two years.
As mentioned before, what Chang Ting lacks most is self-knowledge. After this incident, he did not feel that he had much help from his colleagues. Instead, he thought that he was able to be promoted to general manager quickly within two years only because of his own efforts and excellence, and he acted even more arrogantly.
Chang Ting is over 30 years old this year, and Chu Xiangbin happens to be an alumnus a few years younger than him. When Chang Ting returned to his alma mater to give a speech, he accidentally discovered this well-known junior in the school. Chu Xiangbin even lent a hand when he was in trouble, but since then he has been insatiable and greedy for returns - this led to Chu Xiangbin's entry into VIO.
Chu Xiangbin was in direct contact with Chang Ting. After obtaining the latest results of VIO's derivatives team, he went straight to the resignation procedures and went to Qinrui.
Chang Ting immediately went downstairs to greet Chu Xiangbin, and then, shaking with excitement, he secretly handed the product to the response team that had been organized long ago for confirmation and review.
For many years, Chang Ting has been jealous and resentful of Qin Lou, the young and promising chairman and general manager of VIO who is touted by the industry. Compared with him, who is several years older, Qin Lou's fame and ability in the industry are too overwhelming, which has become a thorn in the heart of the stubborn Chang Ting.
Therefore, Chang Ting regarded this opportunity as his greatest hope to turn the tables.
However, things obviously did not go as smoothly as Chang Ting had hoped - the first step in his turnaround plan was stuck in the risk management department of their own company.
Early that morning, several of the Chang family's father and son's confidants stood in the chairman's office. They were also the company's senior executives who had assisted them in their unscrupulous pursuits over the years.
There is no doubt that they all came for the product that Chu Xiangbin brought back.
-Although Chang Jianfeng dotes on his only son, he still has the cunning nature of a fox. He also knows that his son is not up to the task, so Chang Ting is nominally the diligent general manager, but any important matters that require decision-making will be submitted to the chairman's office without saying a word.
That is clearly the case this time.
But for the stubborn Chang Ting, this situation was the greatest lack of trust in him, and was even like a slap in the face - every time this situation occurred, Chang Ting would get so angry that his face would turn red and his neck would become thick, and he would argue with those who disagreed with him with saliva flying.
"Okay, stop arguing."
After listening to the noise in the office for a while, Chang Jianfeng, who was sitting behind his desk, finally raised his eyebrows impatiently and knocked on the table with his hand.
The dull voice that was not loud made the office quiet down. Chang Jianfeng had absolute say in the minds of his stubborn son Chang Ting. So even though they were arguing, almost all the foxes present were staring at Chang Jianfeng's face when they spoke.
No one wants to offend the real boss, and acting on the news is the first rule they learned under Chang Jianfeng.
Hearing the office quiet down, Chang Jianfeng was very satisfied with his authority in the company. He lowered his eyebrows and remained silent for a few seconds before speaking calmly, "Speak one by one, why are you making so much noise? Do you think this is a vegetable market?"
"Dad, I—" Chang Ting just opened his mouth and was secretly glared at by his father. He came to his senses and quickly changed his words, "Director Chang, this opportunity is really rare. The opinions from the financial product department have been submitted. You can take a look at the analysis copy—we have every hope of using this product to suppress Vio and it must be fast!"
Chang Jianfeng didn't say anything after listening to it. He looked up at the other side and said, "Send a representative to speak out on this side for opposing opinions, and then add anything after you finish speaking."
After a few people whispered to each other, a diligent senior executive came out. Before speaking, he carefully observed Chang Jianfeng's face and made sure there was nothing unusual before speaking.
"Director Chang, we also know that this product has outstanding potential profitability, but after analysis by our department, we found that the leverage of this product is too high. It makes profits based on predicting the trend of international market interest rates. The result of high leverage is that even if the international market interest rates change slightly, the buyers of this product will go to two extremes - either make a lot of money, or lose everything if they are not careful."
"!"
Chang Ting's eyebrows suddenly jumped.
The four words he hated most in his life were "lose all money". Every time he heard them, he felt that the person was mocking his tragic entrepreneurial history after graduation.
And today is at such a critical juncture that he sees as the biggest chance of a comeback.
Chang Ting's face immediately turned pale. He turned his head and stared at the senior executive, while planning how to find an opportunity to discredit this person and kick him out of the company, he loudly and angrily refuted:
"What's wrong with having risks? Risk is what we eat! If everyone only plays with deposits and index funds, we will have to sleep on the streets - how can you sit in a bright office in a suit and drink tea and enjoy the scenery!?"
Even a clay man still has some blood in his veins, let alone the senior executives who have worked for a large company like Qinrui for many years and accompanied Chang Jianfeng in conquering the world. They were already dissatisfied with Chang Ting, the ambitious but incompetent general manager, and when they were provoked like this, some of them couldn't help themselves.
"Boss Chang, what you said is wrong. We don't make a living by taking risks, but by taking advantage of the tailwinds in risks to make profits and avoiding the tailwinds in risks to avoid losses. Since the establishment of the company, Boss Chang and I have been carefully calculating step by step, and only in this way can we have the current situation. How can you..."
The executive's words stopped abruptly.
The reason was not with Chang Ting, but with Chang Jianfeng - behind the desk he glanced at, Chang Jianfeng didn't know which word he heard, but his eyebrows suddenly jumped, and for a moment he even glared at the executive who spoke with a fierce look.
The executive quickly shrank his neck and lowered his head in silence.
Chang Ting was already furious at the moment, and he didn't notice his father's mood change. He became even angrier after hearing this: "Don't talk nonsense. Is my father, Mr. Chang, as timid as you are? Have you been in a high position for so long that you have lost your courage? This matter-"
"alright."
Chang Jianfeng interrupted his son in a calm voice.
Chang Ting choked, obviously unwilling to give in, but he didn't dare to resist his father, so he could only stop talking angrily.
Chang Jianfeng didn't say anything either. He sat behind his desk with a frown on his face. After thinking for a while, he suddenly seemed to have thought of something and looked up at Chang Ting.
"What was the name of the young man who helped you get this product back?"
"Chu Xiangbin." Chang Ting replied.
"Is he here today?"
"Here I come."
Chang Ting came to his senses and then he remembered his backer - although he was reluctant to admit it, this junior who was a few years younger than him also had abilities that were beyond his reach. Perhaps Chu Xiangbin could help him turn the tables.
Thinking of this, Chang Ting turned around and looked for him among the crowd even more impatiently: "Brother Chu?"
The executives also looked around at each other.
A few seconds later, a voice came from the other end of the office: "This way."
The executives who were blocking the chairman's desk suddenly moved aside. Chang Jianfeng looked up and saw a young man sitting on the sofa in the lounge area across a mostly empty office, making a gesture to put down the cup of tea in his hand.
The expressions of the executives suddenly became subtle.
After they came in, the chairman's assistant team served each of them a cup of tea, but the tea was placed on the table. How could they have time to drink it at this moment
This young man is really...
When the executives didn't know which word to use to describe Chu Xiangbin, Chang Jianfeng, who was sitting behind his desk, squinted and looked at Chu Xiangbin for a long time. In the face of the young man's calm and even somewhat lazy expression, a hint of appreciation appeared in his eyes.
"Chang Ting, this is your junior fellow student?"
"Yes," Chang Ting quickly nodded his head and agreed. He thought his father was dissatisfied with Chu Xiangbin's behavior, so he smiled and said, "My junior is used to being casual, but his ability is still outstanding. Don't bother with him."
Chang Jianfeng waved his hand, "Of course I know. Xiao Chu is the most famous rising star in Vio in these years, besides the young boss, right? I have heard of his name several times, but I didn't expect that he is Chang Ting's junior. This is great, we will be a family from now on."
"… "
As soon as these words were spoken, the faces of everyone in the office changed in unison. Some were happy, some were terrified, and some had complicated expressions and no one knew what they were thinking.
Only Chu Xiangbin, who was sitting on the sofa opposite him, stood up, and rarely looked like a junior. "No, no, I dare not. Senior has helped me, and I have no way to repay him."
"What's the point of talking about repaying a favor as a family?" Chang Jianfeng waved his hand. "Since you brought this thing back, I'd also like to hear your opinion."
Chu Xiangbin seemed to hesitate. "Is my experience too inexperienced? Am I not suitable?"
"What's inappropriate? The master is the wisest one, not the one with the most experience."
“…” One of the executives’ expression changed slightly.
"Then I will boldly talk about it. I am an expert, and you can feel free to correct me if there is anything I say that is not right."
Chu Xiangbin bowed to several executives who looked unhappy before speaking.
"I have been working with the elite team of Vio on this product day in and day out. I don't think I need to elaborate on its outstanding profitability. As for its risks, I can tell you clearly that the part about the prediction of interest rate trends in the product model was all followed up by the general manager of Vio, Qin Lou, who personally developed and provided the core concept model."
Chang Jianfeng raised his eyebrows and looked up, "What do you mean?"
Chu Xiangbin smiled and said, "I don't mean anything. I just said it out loud so that the seniors can judge for themselves - to see how much trust you have in Qin Lou's ability and whether it's worth taking the risk."
Chang Jianfeng looked at the group of executives.
Everyone had different expressions, but finally someone stood up and spoke. It was the person who had been glared at by Chang Jianfeng and had shrunk his neck in fear not long ago.
"There is no doubt about this. Qin Lou was very young, but he was able to successfully reform VIO without raising funds or giving us any chance to interfere. The source of funds was almost entirely from the financial derivatives market. At that time, this young man was really invincible. He dared to make bold predictions that went against the majority of people. Not only did he dare to do it, but he also won in the end without anyone questioning him. Wasn't the nickname of genuine madness spread at that time?"
When this history was mentioned, everyone nodded, unable to conceal their admiration and fascination in their eyes.
Even if such legendary past events did not happen to them, as long as they knew the difficulty and the terrifying power behind such success, they would all tremble in their hearts.
The executive also looked fascinated after he finished speaking, but he seemed to notice that the Chang family father and son's expressions were not so wonderful, so he quickly changed the subject, "Of course, no matter how good he is in this area, he is just a technician after all - their latest product, his own masterpiece, is it not in our hands?"
Chang Jianfeng's expression eased a little, and after a few seconds, he slowly smiled.
This smile made the senior executives of the risk management department feel cold. They looked at each other, sighed silently and lowered their heads.
But some people were still unwilling to give in, and they carefully chose their words: "But predicting the trend of interest rates is dangerous after all, and we are different from VIO, we can't use the golden signboard of Qinlou to speak - if customers don't buy it, it seems that we can't sell this product."
Chang Ting curled his lips when he heard this. "Shouldn't that be a problem for the marketing department to consider? If everything can be sold as soon as you open your mouth, what is the point of their marketing department?"
Chang Jianfeng obviously disagreed with his son on this point. He frowned and looked at the executive who spoke. Just as he was about to say something, he suddenly heard someone laugh.
Everyone turned to look.
Chu Xiangbin stepped forward and said, "In fact, it is precisely because of this that I think the value of this product is very high."
Chang Jianfeng raised his eyebrows, "What do you mean?"
"Its exchange rate risk can be hidden." Chu Xiangbin stopped talking and gave the answer without saying much. "The most important point is that we earn the intermediary fees between the interest rate market and the buyer - so it doesn't matter whether everyone trusts Qinlou or not, because even if the buyer loses money, as long as the interest rate fluctuates, we can still make a profit from it."
Chang Jianfeng's eyes moved suddenly.
After a few seconds, he said with a hint of blame: "Xiao Chu, what you said is wrong. We still have to put the interests of our customers first."
Chu Xiangbin immediately stopped laughing, "Mr. Chang is right."
"Director Chang—"
Some people wanted to say something else, but unfortunately Chang Jianfeng had already waved his hand.
"Okay, I'll think about this matter carefully, you all go back first."
At this point, the opponents realized that they were powerless to turn the situation around and left in dejection.
Chu Xiangbin fell behind and was pulled by Chang Ting before leaving. When the executives walked out of the office, only Chang's father and son and Chu Xiangbin were left in the room.
Chang Jianfeng stood up from behind his desk, walked up to Chu Xiangbin, and patted his shoulder with a much more obvious smile, "Okay, okay, you are young and promising. Chang Ting, you have to learn more from the younger generation!"
Chang Ting’s smile froze.
Chu Xiangbin added at the right time, "Mr. Chang, that's too much praise. I'm just a technician. No matter how capable I am, I'm still working for you and Mr. Chang, right?"
"… "
Chang Ting felt relaxed at every pore of his body, and his smile became more sincere. He looked at his father, Chang Jianfeng, with a show-off attitude, "Dad, how is it? I told you that my junior is a talented person - I hope he lives up to your expectations, right?"
Chang Jianfeng glanced at him and turned to Chu Xiangbin, "Before you came, Chang Ting mentioned you to me every day, and my ears are almost callused."
Chu Xiangbin smiled and said, "Senior, you think too highly of me."
After the three of them exchanged polite words for a while, Chang Jianfeng finally got to the point, "Is the hidden exchange rate risk you mentioned earlier feasible?"
"Of course." Chu Xiangbin replied with a smile, "I have submitted several plans together. Director Chang can ask the risk department to make a judgment."
"Okay, okay. Nowadays there are not many young people who are as capable as you. Don't worry, if this thing is done, your uncle will definitely remember your contribution."
"Thank you, Mr. Chang."
Chu Xiangbin lowered his head with a smile on his face, but a cold light flashed in his eyes.
Given the intolerant nature of the Chang family father and son, if this thing really succeeded, the first thing they would do when they had made enough profit would probably be to find a way to kick him out of the industry forever, so that he would never be able to reveal their shortcomings for the rest of his life.
Just like that, after Chang Jianfeng obtained the information he wanted, he was obviously impatient to check and arrange it. He sent the two away with a few words.
Chang Ting personally saw Chu Xiangbin out, and the two of them went downstairs together.
"Xiao Chu, this time it's all thanks to you!"
"You're welcome, Senior."
"No, no, if you hadn't informed me in advance that they were going to come to my dad's office to complain about me, I would probably still be in the dark."
"This is not my credit. It's because you, Mr. Chang, have been gaining more and more power in the company. Some people want to join you, Mr. Chang. They heard that I have some dealings with you, so they started with me."
"Oh? Who?"
As they were talking, the two arrived at the elevator. Chang Ting, who was chatting and laughing with Chu Xiangbin, raised his eyes and saw an executive who remained in the elevator and had not left yet.
When Chang Ting saw the executive clearly, the smile on his face suddenly faded.
Because the person in front of him was none other than the one who had previously argued with Chang Ting in the office, saying that the company had been cautious and needed to be careful not to lose all its money in a single wrong move.
Chu Xiangbin saw through Chang Ting's expression and smiled faintly, "Mr. Chang, let me introduce you, this is the person I was talking about."
Chang Ting was stunned. He looked at this man, then turned to look at Chu Xiangbin, "Are you sure you're not mistaken? He just confronted me in the office!"
The man hurried forward, apologized to Chang Ting with a wry smile, and explained, "Mr. Chang, don't misunderstand me. This is what Mr. Chu taught me."
"???"
Chang Ting looked at Chu Xiangbin even more bewilderedly.
Chu Xiangbin smiled and said, "I am also trying to help you, Mr. Chu, get this opportunity."
"Just him? How can those words of his help me at all?"
Chu Xiangbin said: "If you want to persuade Mr. Chang, it's all about interests. Others can't help with this, and they don't need help - the product itself is enough."
"What's the use of his words then?"
"We just need to expedite Mr. Chang's decision so that he can make up his mind." Chu Xiangbin explained with a smile, "After all, the opportunity is not to be missed, and you are eager to promote this product. Sometimes provocation is more effective than persuasion in promoting decision-making."
Chang Ting was more or less not a complete fool after all. With Chu Xiangbin's reminder, he carefully recalled the words that this man had said before, which made Chang Jianfeng change his expression and start to show his attitude clearly, and then he suddenly realized it.
"Over the years, my father has been very dissatisfied with the outside world's evaluation of him. You have really cut off the source of funds for those people."
Chang Ting was quite emotional, and there was a hint of deep complexity in his eyes when he looked at Chu Xiangbin.
After chatting for a while, Chang Ting left first.
As soon as he left, Chu Xiangbin and the executive calmed down.
The executive asked hesitantly, "Boss Chu, if you tell him the truth like this... Chang Ting is not a tolerant person. Instead, he will become distant from you."
"I did it on purpose."
"ah?"
"… "
Chu Xiangbin was silent for a few seconds, then suddenly smiled, and the arrogance that had been hidden for a long time in his previous hypocritical behavior finally showed through.
He turned around, smiled and patted the shoulder of his only trusted brother who remained in Qinrui.
"Of course he can't use me, nor you. Now that this matter is completed, the more distant he is from us in the future, the better."
The man was stunned for a moment, then he realized, "You want to avoid danger."
"Yes." Chu Xiangbin said, "Qinrui is indeed a huge ship, but it will sink sooner or later. When the ship sinks, the farther we are from its center layer, the better."
After thinking about it for a while, the man couldn't help but smile bitterly and gave Chu Xiangbin a thumbs up.
"Boss Chu, I don't even bother to count how many eagles you shot through with one arrow. But..."
The man stopped talking hesitantly.
Chu Xiangbin glanced at him sideways, smiling, "You mean to say, but since I can see how dangerous this storm is, why do I have to get involved and ask for trouble?"
"I dare not." The man laughed.
"I don't want to either."
The man's expression changed, "Someone forced you?"
"… "
Chu Xiangbin walked out and sighed.
"No one forced me to do that. It's my own fault. I was possessed by the devil."
The author has something to say: The New Year's red envelopes for the previous chapter have been sent out. Thank you for your support, dears! May everything go well in the New Year!
Thank you to the little angels who voted for me or irrigated nutrient solution during 2020-01-01 11:41:06~2020-01-02 12:01:41~
Thanks to the little angel who threw the grenade: clang 1;
Thanks to the little angels who cast mines: Taste of Sunshine, Bi Shaoxin Helena, 7r Baipao, Yatou, Luo, Jingjing, june_7in 1;
Thanks to the little angels who irrigated the nutrient solution: 27 bottles of Jiangnian; 20 bottles of Luo; 14 bottles of lllllllofty; 10 bottles of Kong Dizhe's girlfriend, l'erjie, ah dudu, Danqinghuiliunian, bear jelly, and fan you; 9 bottles of blame if you want to blame her; 5 bottles of Yangliu Yiyi 1314, leisurely fish, wood sugar without alcohol, long road, river fish does not eat fish, and big white peach; 5 bottles of fengjingya, kkyyy, and nyx; 2 bottles of Na Xiaohai, Xiaoxin, Zheyue 29, Fan Taiyang, cc_yaya_cc, Xingxingxiao, Xiaonv, whispers. Wanyin, Midai, Zhang Kaixin. , Xinyi, the taste of sunshine;
Thank you very much for your support, I will continue to work hard!