Chapter 172 - Who Do You Think You Are, How Dare You Hit Song Yu! (1/2)
Translator: EndlessFantasy Translation Editor: EndlessFantasy Translation
Once they earned enough profit, they would just reimburse them accordingly.
However, the recent market was behaving quite unusually. It was as if it was on steroids. He had lost money from both groups of his customers; not a single penny was left.
On top of that, he had also lost his own personal investments.
Word from an inside source blamed it on the issue of a government policy. Once the policy was passed, the price of their stocks would definitely skyrocket. It would be wise to buy shares now.
His investments included stocks, futures, and funds.
In the beginning, he had attempted to purchase them at a lower price, since the prediction had yet to be announced. Shortly after he had begun purchasing them, however, it seemed as if other people had been leaked the information, and there was a sudden flurry of buyers. The price had shot up exponentially.
Yu Zidong was desperate and angry. He felt that if the rising trend was already so obvious, it would be expected for the growth to increase rapidly upon the passing of the policy.
Taking a gamble with the slightly raised prices, he withdrew Liang Lihua’s money placed it in the same account. How could one succeed if one refuses to take the risk?
He had not expected the stocks to plummet after just a few days, and the money he had placed was almost depleted.
However, there was still some time before the government released the policy. He would not be able to make a profit if he did not restock.
Yu Zidong stared at the numbers on his computer. In an act of desperation, he made the call.
“Lao Zheng, when are they going to issue the policy? The market’s acting very unusual. Why do the prices keep fluctuating? This is just absurd!”
“About that… Director Yu, there have been a couple of changes. Initially, the plan was to issue the policy during the second half of the year, around June or July, but the people up top have decided to delay it. There are a few anomalies they would like to investigate first. They’ll only pass it after market research, surveys, and discussions have been conducted,” the man on the other side of the phone said.
“However, you also know that there is a possibility of it being delayed permanently if discussions do not proceed well. Our system requires them to pass through layers of deliberation and investigation before passing a decision. The paperwork must also be approved by each department, which will take some time. Moreover, the leaders are taking this very seriously. They have to scrutinize this meticulously, as it is for the benefit of all.
“In addition to that, the issuing of the policy is not as simple as making a few statements. It’s not like they can issue it at the snap of a finger, right?” He said, “However, Director Yu, don’t worry about it. This policy has already received the initial approval from the leaders. It’ll definitely be announced, but the earliest will be at the end of this year or the beginning of next year, at most.”
Yu Zidong could not breathe. He felt like there was a lump of coal lodged in his throat, suffocating him.
Nevertheless, he dared not voice his anger at Lao Zheng.
This year-end or the beginning of next year?
That was at least half a year more; how was he expected to sustain the company?
If the trends continued their unpredictable fluctuations, he could lose his entire fortune without ever being able to recover his losses. It was impossible for him to wait for the policy to be approved.
“Also, don’t spread word about this,” the man warned, “The investigation is rather tight at the moment. If they found out that I told you this, they’d have my head.”
Yu Zidong was so furious, he almost flung the phone away. The news he gave him was as good as nothing– how could he behave as if he had provided him with some huge insider tip?
“Don’t worry, my mouth is sealed. Why would I share such a profitable opportunity with others? If word got out, we’re all on the losing side, right? I understand this very clearly,” Yu Zidong said, “However, Lao Zheng, do you know what’s happening to the market these days? Why is it so choppy, rising and falling at such an unusual rate? I was in it early and made some money, but I lost it all, not long after.”
“I noticed that, too. To be frank with you, I invested quite a lot after receiving the tip, but I lost it all, too. That’s why I stopped. Who knows what’ll happen next?” Lao Zheng let out a helpless sigh. “I think we should be extra cautious. If we caught the attention of others, we’d get nothing in return at the end of the day.”
Seeing that Lao Zheng had no idea what was going on, Yu Zidong briefly exchanged a few formalities and invited him out for a drink in the future before hanging up.
Then, he stared at the computer until his eyes went red.
If he were to back out now, he would not be able to get back his invested capital. He could not accept that.
“Director Yu, Qi Chengzhi’s assistant, Cheng Dongge, is on the phone,” his secretary said, after knocking on his door.
Yu Zidong frown and said, “Send the call through.”
Shortly after his secretary left, the phone on his table rang.
Yu Zidong picked it up and listened as Cheng Dongge’s voice flowed through. “Good day, Director Yu.”
“How can I help you, Special Assistant Cheng?” Yu Zidong was careful to be polite towards Cheng Dongge. “Does Young Master Cheng need something?”
“Yes, I’m calling to pass on a message on behalf of Young Master Cheng,” Cheng Dongge replied courteously with a hint of laughter.
Instantly, Yu Zidong was wide awake. Could it be that Qi Chengzhi was going to help him as he was Song Yu’s uncle?
“Oh?” Relief finally washed over him, a welcomed change from the days of frustration. “What did Young Master Cheng want you to tell me?”
“Young Master Cheng wanted to know how you were enjoying your investments these past few days,” Cheng Dongge informed, gentle and polite.
Yu Zidong’s expression immediately changed. He recalled his streak of losses in all his recent ventures.
It was fine if he only lost his own fortune, but, considering he had squandered his customers’ money, too, things were looking rather dire.
If the customers became aware of that, and were to seek answers, he knew he could not justify the losses.
“What is Young Master Cheng insinuating?”
“Nothing in particular. Young Master Cheng just wanted to notify you that he was the one responsible for your recent losses. He also wanted to let you know that the pain you’re feeling right now is because of Young Master Cheng’s unhappiness, caused by your wife inflicting pain on the Young Madam. Young Master Cheng sincerely hopes that you and your wife, as well as your daughter, will stay away from our Young Madam and her parents. If not, then Young Master Cheng will ensure that you know of his wrath,” Cheng Dongge said casually. “I’ll leave it at that, then?”
The moment he finished talking, he hung up the phone without waiting for Yu Zidong’s reply.
Yu Zidong slammed the phone down furiously. What had Cheng Dongge just said?!
How could an assistant dare to threaten him!
He had already tolerated his casual tone, but how dare he relishes in his misfortune!
The message from Qi Chengzhi was no different from a gangster threatening people!
No wonder the market was acting abnormally. Whatever he invested in, the value dropped, but everything else was fine!
Yu Zidong was so infuriated that he wished he could rush to Qi Chengzhi and reason with him.
There was a notification from his inbox. Yu Zidong clicked on the new email and saw surveillance video of a cafe. The video had no sound, but he could see that Liang Lihua was pulling at Song Yu’s arm while she berated her harshly.
Even though he could not hear what her scolding, Yu Zidong knew that this was the reason for Qi Chengzhi’s fury.
Yu Zidong shut the computer angrily and dashed out of his office.
He rushed his way back home. Just as his maid opened the door, he pushed it open forcefully, almost knocking her over.
“Is Madam at home?” Yu Zidong demanded, his expression thunderous.
The terrified maid could hardly whisper, “She’s resting in the bedroom.”