Chapter 640
Blowing the Dust Down
Chapter 640 Blowing the Dust Down
Yu Xing has been very busy in Hong Kong lately.
On one hand, there was the roadshow for the listing of Silicon Carbon Group, and on the other hand, there was Liu Wanying researching the short sellers who were not very friendly internationally.
He postponed his return to the mainland and decided to fly back to Shanghai with Liu Wanying before the Spring Festival.
February 4th was the last roadshow for the Silicon Carbon Group before the Lunar New Year, and also Yu Xing's last public appearance during this trip to Hong Kong. Therefore, the banquet was quite large and had many guests.
At the beginning of the roadshow, Yu Xing deliberately avoided mentioning Guoshanfeng and tried to keep the conversation focused on the business of the Silicon Carbon Group. However, in Hong Kong, the Asian financial center, at least 70% of people probably still wanted to hear about short selling.
During his later roadshow, he did satisfy some people's ideas, but considering the impact, he only talked about the research on the mountain peak using some past cases.
However, some people disapproved of Guo Shanfeng's actions and the suspicions of market manipulation behind them, and were unwilling to play the role of applauding from the sidelines. On the 4th, during the roadshow, they took the opportunity to confront Yu Xing on the spot.
Yu Xing reacted calmly to this situation, declaring that different ideas and attitudes are allowed to emerge.
The person who started the roadshow was Cui Zhanpeng from a local Hong Kong company. He had been making a fuss during the day, but his friends stopped him. However, he still came to the banquet that night and emphasized his attitude again when he met Yu Xing.
He was very defiant: "Mr. Yu, I'm not convinced. My company isn't listed, so I'm not afraid of being shorted!"
Yu Xing, holding his wine glass, asked the question he hadn't asked during the day: "Did your company also commit fraud?"
Cui Zhanpeng answered decisively, "No!"
Yu Xing laughed and said, "Since there was no fraud, and your company wasn't within Guo Shanfeng's investigation scope, why should I make you admit it?"
“Not only did I not commit fraud, but I was also completely open and aboveboard, and I didn’t engage in any behind-the-scenes deals,” Cui Zhanpeng said.
"That's great. You may be unconvinced, you may have doubts about Shanfeng, but as far as I'm concerned, if everyone were as honest and straightforward as you, the world would be a much better place," Yu Xing said with a smile. "I founded Shanfeng, not to make anyone or anything."
Cui Zhanpeng had nothing to say. Seeing President Yu raise his glass, he also took a sip of wine.
While keeping some distance from the crowd, Cui Zhiyu, who was standing next to him, whispered to the boss, "There are quite a few stubborn ones."
Yu Xing shook his head slightly, unconcerned. He couldn't please everyone. Short selling was controversial, and he faced investigations in many regions. It wasn't worth wasting his energy on this.
He strolled around the banquet hall, holding a wine glass, and was quickly surrounded and became the center of attention every few steps.
Overall, the roadshow in Hong Kong by Silicon Carbon Group did not receive a very enthusiastic response. The sustainability of domestic subsidies and the subsequent performance of Silicon Carbon Group need to be monitored, after all, it has not even been a full year since the company officially started selling complete vehicles.
Yu Xing listened with a smile to the pleasantries of the two Hong Kong-listed company bosses in the crowd, his mind wandering to the matter of returning to Shanghai, when he suddenly heard someone calling out to him.
The next moment, he saw the guests who had come from afar.
Yu Xing knew that Sun Hongbin wanted to come to Hong Kong to see him again, and guessed that he was still coming for LeEco, but he really didn't think there was any point in such a meeting, so he refused very decisively.
Unexpectedly, this person went directly to Hong Kong to find someone, and even more unexpectedly, he brought Jia Yueting with him.
Yu Xing stared at the two uninvited guests under the lights. His first thought wasn't about LeEco, but about the technical upgrade of the Baixiaosheng Forum.
Because there were too many things going on in Hong Kong, he didn't think much of the message he received from Bai Xiaosheng a few days ago. He just thought it might be a warning signal, since the sharp drop in the share prices of listed companies in the three major sectors had a significant impact.
Seeing these two now, I inexplicably thought of the forum.
The next moment, he was somewhat surprised. It seemed that President Jia had been avoiding him, so why was he coming to his door today with Sun Hongbin?
"Mr. Yu, may I have a word with you in private?" Sun Hongbin approached cheerfully. "We originally planned to have dinner with you after you returned to the mainland, but Brother Jia and I happened to be in Hong Kong on business, and he had been wanting to visit you again for a while, so we came over." Yu Xing took a couple of steps and grunted in response, wondering what the other person was trying to say.
With his intentions firmly in place, Jia Yueting, despite feeling uneasy in his heart as he faced the king of short sellers, still maintained a normal demeanor and said, "Mr. Yu, I'm sorry to bother you. I really have many things I'd like to ask you about regarding the company."
Yu Xing's gaze fell on Jia Yueting's face, but he remained silent.
Jia Yueting initially wanted to brace himself, but faced with this indifferent gaze, he suddenly found himself at a loss for words.
After waiting a few seconds without any further response, Sun Hongbin continued, "President Yu, as you know, Sunac and LeEco are cooperating. Last time I heard you share your views on LeEco, but there's a rumor in the market that Guoshanfeng is shorting LeEco. In fact, LeEco's senior executives have even received short-selling research reports under the name 'Guoshanfeng'."
"I think that thing is definitely fake, but it's ridiculous that it's still circulating online."
He handed the LeEco 2.0 research report that Jia Yueting had sent him to President Yu, and said, "President Yu, the financial order of the stock market must be kept stable. We cannot let this kind of fake news spread. I came here to think about how to eliminate this impact as much as possible."
Yu Xing took the research report, noticed the "Guoshanfeng style" at the top, and flipped through it further, feeling that there were obvious problems with the content.
He didn't comment immediately, but looked at it twice more before saying, "Mr. Sun, Mr. Jia, is this what you came here for?"
Sun Hongbin laughed and said, "President Yu, it's for this, and also because I wanted to learn from you in person. LeEco is now considering the range extension route for making cars. Otherwise, why would I have hit it off with Brother Jia and shamelessly come here for a drink?"
He waved to someone a little further away, picked up two glasses of wine, and handed one to Jia Yueting.
Sun Hongbin, holding his wine glass, said suggestively, "A few days ago, I went to Zhejiang Province and met Director Zhu. Oh right, I shouldn't call him Director anymore. I asked him for advice on Lingang's car manufacturing experience. We talked a lot. He said that President Yu not only talks about science but also politics. I have a lot to learn from you."
He looked at the unusually quiet Jia Yueting, and seeing that the person in charge was still silent, he smiled and said, "Seeing you face to face today, this is definitely not Guo Shanfeng's short selling of LeEco, right?"
As Yu Xing listened to Sun Hongbin's political rhetoric, he held the research report in his hand and looked at the silent Jia Yueting.
Feeling the gaze upon him again, Jia Yueting forced a smile as if in response: "President Yu, I don't believe this is short selling by Guoshanfeng either. President Yu, I heard you're not very optimistic about LeEco's car manufacturing."
"I have recently been studying and understanding the spirit of the Silicon Carbon Group in manufacturing cars. I hope to work together to expand the domestic new energy vehicle market and take over the market share of gasoline vehicles."
He mentioned range-extended electric vehicles, but worried that it would create too much competition, so he talked about expanding the market instead.
Yu Xing handed the research report back, and learned that LeEco's car manufacturing was showing new developments, noting that Alibaba and Tencent seemed to have the intention to support or even invest in it.
He gave a formal reply that delighted both Jia Yueting and Sun Hongbin: "It's a lie that Guoshanfeng did not short LeEco."
Jia Yueting had a recording pen in his pocket, and at that moment, he could no longer hide the smile on his face. This was the most standard clarification response!
There's absolutely no reason to short LeEco!
The major short seller admitted outright that he had not engaged in any short selling activities!
All short-selling reports available in the market and in emails are fake!
No matter what people spread online or what research they do, the "King of Short Sellers" himself has said that he has not shorted any stocks. A short essay without a prestigious reputation is just a short essay!
Yu Xing took a few more steps toward the crowd, saw the joyful expression on President Jia's face, and asked after a two-second silence, "But since you've come to ask me, I do indeed have some questions about LeEco."
The already tense crowd instantly drew closer, their ears perked up, as questions arose about the "King of Short Sellers'" views on LeEco...
Sun Hongbin's smile froze on his face.
Jia Yueting opened his mouth subconsciously, but couldn't say anything. In an instant, he felt as if he had fallen into an ice cave.
From the sky to the ground, it was knocked down into the dust in an instant.
I had a low-grade fever and diarrhea, and was completely exhausted, but I managed to write one chapter.
(End of this chapter)