"Mr. Zhou, what do you think about Chen Songqing, the boss of Jianing Group, yesterday's condemnation of your Merrill Lynch's malicious short selling?"

Zhou Yang parked his car in the underground garage of Gorostha Building. Before he could open the door and get out of the car, a group of reporters immediately emerged from somewhere, surrounding his car.

Zhou Yang felt that it was necessary to complain to the property of the building, and their management was too loose.

"Short selling and longing are the most basic operating methods in the securities market. I personally think Mr. Chen has not yet figured out the most critical fact.

That is, the stock prices of many listed companies in Jianing Group plummeted. The real reason is that there are problems with the internal operating conditions of these companies.

This is also the logic behind our Merrill Lynch Bank and other investors in the market who choose to short-sell operations when they are bearish on a certain stock.

Mr. Chen slandered us Merrill Lynch for malicious short selling, but in fact, while shorting the stocks of companies such as Jianing Real Estate, we publicly issued a bearish report to the market and warned all investors.

Our report said that Jianing Real Estate expansion was too radical. Everyone also saw that their project loan in Oakland, California was rejected by U.S. banks, which undoubtedly confirmed our judgment.

Our report also said that Jianing Real Estate's internal management is chaotic and its debt-to-asset ratio is too high, which is also a fact.

I can reveal to you here that the three Jianing listed companies that we shorted have applied for huge loans from the indigenous banks in Malaysia.

However, Mr. Chen himself and Jianing Group have never disclosed this information before. What's worse is that these loans may have illegal or even illegal behaviors when approving them.

Malaysia is investigating the matter. But Mr. Chen still didn't mention such an important information at yesterday's press conference.

So I ask everyone to think carefully about who is constantly increasing risks to investors!”

Zhou Yang got out of the car and said as he pushed away the microphone and recorder almost reaching his face and tried hard to walk forward.

"Mr. Zhou, when did you Merrill Lynch know this information? Is this the main reason why you firmly short Jianing Real Estate?"

When the reporters heard Zhou Yang reveal such a big news, their eyes immediately began to shine, and they surrounded him and asked more perseverance.

"You guys ask this question, it seems like we Merrill Lynch is doing insider trading!

But I also have to tell you a fact, that is, institutional investors always have huge advantages over ordinary retail investors.

For example, the news that Crocker National Bank in the United States refused to provide loans to Jianing Real Estate was probably one night before ordinary Hong Kong investors.

The news you saw in Xinbao the next day was actually a revelation provided by our Merrill Lynch Bank to the newspaper. Otherwise, with Mr. Chen and Jianing Group's usual practice, everyone may not be able to hear the news until now.

Through this detail, it actually fully reflects the advantages of our Merrill Lynch Bank.

That is, our Merrill Lynch is a multinational company with branches all over the world. The speed and efficiency of market information collection are far superior to other colleagues in Hong Kong.

But this is not the most critical point. We had already expected this result in advance before Crocker National Bank notified Jianing Real Estate.

This is not because we bribed the bank's internal staff, but because we have long invited several American bank risk control experts to imitate the previous credit review style of Crocker National Bank and simulate and review the information of Jianing Real Estate.

Risk control experts told us that the chances of Jianing Real Estate successfully obtaining a loan are less than 5%, and this is the most proud professionalism of our Merrill Lynch Bank."

Zhou Yang said that when he was making up stories, he almost threw Merrill Lynch Bank into the sky.

Of course, the actual situation cannot be as complicated as he said. Komansky used his connections to call an executive of Crocker National Bank and found out the result in advance from the other party.

This kind of insider information is common in the US financial market, but Zhou Yang shamelessly washed himself and Merrill Lynch as holy as a white lotus.

Zhou Yang was surrounded by reporters for nearly ten minutes before he was rescued by the building security guards who knew it later.

"Boss, Jianing Real Estate bought a lot after opening, and the stock price has rebounded from 6.1 yuan to 6.5 yuan." Zhou Yang just entered the door, and Naoki Nakagawa reported as he reported.

"Is there anyone else in the bulls besides Chen Songqing?" Zhou Yang asked casually.

"There were no new bulls. Chen Songqing bought a lot as soon as the market opened, and then a large number of followers chasing the rise joined in!" Naoki Nakagawa explained.

"It seems that Chen Songqing's press conference was effective yesterday. By the way, you call the self-operating department and say that I just released the news about Yuming's finance!" Zhou Yang threw down a sentence before entering his office.

Merrill Lynch’s newly launched wagon products are classified under the direct sales department of Merrill Lynch Hong Kong. After more than half a year of continuous improvement, Merrill Lynch Hong Kong’s business structure has been basically complete, with major front-end business departments such as the Investment Banking Department, Asset Management Department, Self-operated Department, and Research Institute.

This time, the shorting of the Hong Kong stocks is mainly coordinated by the proprietary operation department and the asset management department, so Zhou Yang needs to notify the important information to friendly forces even if he is notified.

Logically speaking, Zhou Yang should not continue to release negative news about the Jianing Group so quickly, so that the stock price of the Jianing Group will rise a little more. This will not only help the Asset Management Department continue to short selling in the future, but also help the self-operating department to better sell the bullish round of Jianing Real Estate.

However, short selling is moral shackles. Chen Songqing suddenly held a press conference yesterday. On the one hand, he said that as a major shareholder, he will publicly increase his holdings from the secondary market to show everyone his great confidence in the prospects of Jianing Real Estate.

On the other hand, he attributed the plummeting stock prices of listed companies such as Jianing Real Estate to Merrill Lynch's malicious short selling, suppressing the stock price through its strong financial advantages, thus reaping profits that should belong to other investors.

Zhou Yang naturally didn't want to take the blame, otherwise he would be afraid that he would be chased by someone with a watermelon knife when he went to the streets in the future.

After all, stock market game is a zero-sum game. Merrill Lynch’s profitable fortune means that many other investors may have been left with them.

However, Merrill Lynch's attack on Chen Songqing and the Jianing Group was still the last fatal blow. When Jianing Real Estate was called Meihan Enterprise, the transaction of selling the Kinmen Building at a sky-high price of HK$1.68 billion was simply false.

If this news is exposed, it means that the financial report data of Jianing Real Estate in the past year has been faked. This will not only defeat the market's last bit of confidence in Jianing Real Estate, but the Securities Regulatory Commission will also immediately intervene in the investigation.

Zhou Yang decided to give the subsequent opportunity to Naoki Nakagawa, and he temporarily went to New York to avoid the limelight. As early as the end of June, Zhou Yang had been in Hong Kong for a year and had obtained permanent residence rights and was able to leave Hong Kong freely.
Chapter completed!