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Chapter 266 Global Steel Situation(1/2)

On the first day of the audit, it was discovered that many departments of Panhai Entertainment Group violated the company's regulations and used the funds improperly.

Finances are full of loopholes, such as making false accounts, embezzling public funds, and damaging public and private expenses.

Especially the time when Atlantic Capital Group withdraws its capital and Chen Xiao takes over it.

Because no one is used to it and no one is concerned about the reasons, all kinds of dirty things are very rampant.

Now Kuangtu Law Firm has received a big order.

There are too many official crimes in Panhai Entertainment Group and economic crimes.

Zhang San led all his subordinates to pounce on Panhai Entertainment Group and accepted all the cases with full authority.

With the full cooperation of all departments.

People in Panhai Entertainment should be caught, judged, and opened.

On the other hand, Su Tang contacted three top domestic headhunting companies to supplement management vacancies for Panhai Entertainment.

After all this trouble, the headhunting fee alone cost 20 million, and the lawyer fee is also more than 20 million.

38 group companies, including Liu Hong, and the management of each branch were sent to prison.

156 people were fired, and losses and fines were recovered, with a total of more than 500 million yuan.

The actions of Panhai Entertainment Group caused a severe earthquake in the industry.

The boss behind the scenes' toughness caused internal fear and external shock.

After several twists and turns, Panhai Entertainment Group finally regained its vitality.

The audit is not only finished this time, but it is conducted once a year.

The company's processes are more standardized and the finances are more transparent.

All management staff are veterans poached from the industry.

On Panhai Entertainment, Chen Xiao got the final result and no longer cared about it, and his subordinates implemented it.

His main focus is on the financial market.

The trend of the steel industry is still relatively weak.

Tengxiao Capital has accumulated more than 5 billion margin trading.

These stocks were put into the financial market, further suppressing the steel market.

Chen Xiao originally thought that due to his intervention, the market decline in the steel industry would reach 15% of the hidden information in advance.

But unexpectedly, someone rushed out to protect the plate halfway.

Chen Xiao was a little surprised when he received the news.

"Mad, who is so ignorant of ignorance? He can fight against the entire market with his own strength?"

Su Tang thought to himself, you have done a lot of this kind of thing, boss...

"What a pity, it's difficult to stock margins in the domestic stock market. If it's easy to short, I have to teach him how to be a human being!"

It is not yet time to make efforts, Chen Xiao stopped paying attention when he saw it, and patiently waited for the steel industry to fall by nearly 15%, and then began to close his position and go long.

Yandu,

In this city where every inch of land is valuable, there is actually someone who can build a huge private manor in the suburbs.

In a villa in the manor.

A group of traders are operating in full swing.

Wang Jue sat on the sofa chair, smoking a cigar while listening to his subordinates' reports.

"Mr. Wang, Tengxiao Capital seems to be unable to obtain more coupons."

Wang Jue smiled and nodded, "Pull up the stock price!"

"Well... the market is not good now. If you want to pull up the entire steel industry, then the amount of funds involved..."

Wang Zheng said, a middle-aged man wearing Zhongshan suit, "Acan, allocate another 5 billion yuan."

"Yes! Master."

The trader wanted to speak but stopped, "Wang, Mr. Wang, 5 billion...is not enough, 46 listed companies in the industry..."

Wang Jue said: "Can't you raise funds in your industry?"

The trader was stunned, "Mr. Wang, the risk of financing and leverage is extremely high. If the decline is a little larger, it is easy to be forced to close the position and cannot be escaped."

Wang Jue thought for a while, "Wait a minute, I'll call."

After saying that, he took out a number and dialed it out.

"Hey? Brother Su, don't be fine. I'm asking, what's the current market in the domestic steel industry?"

"Oh, international production capacity is tightening, prices will not continue to fall, right?"

"Okay, okay, then I know, Brother Su, I have time to come to me for a seat. I recently got a can of old Pu'er. I'll wait for you, hahaha, goodbye!"

After hanging up the phone, Wang Jue was full of confidence and waved his hand.

"Don't worry about adding leverage."

The trader said: "Mr. Wang, is there any internal news?"

Wang Jue smiled, "The current global iron ore production capacity is tight, raw materials are scarce, prices are rising, and the downturn in the steel industry is temporary and will not continue. Please feel free to buy it."

Although this is not internal news, the person I asked is the person who can influence the pricing power of the domestic steel industry. The specific identity is very sensitive, so you don’t need to know."

When the trader heard this, he stopped asking. Anyway, the strategy was proposed by himself, so if there is any risk, it will not be blamed on others.

"Okay, Mr. Wang."

After returning to work, Wang Jue's 5 billion has arrived. According to his request, he directly raised 50 billion yuan and applied 10 times of leverage.

These funds can barely affect the trend of an industry in a short period of time.

Wang Jue hopes that the steel industry can improve quickly, and that not only will it break the short position, but it will also make a big profit!

......

In Tengxiao Capital's office, Chen Xiao looked at the market on the screen.

Not only did the steel industry not fall to 15%, it began to rise slowly.

The buyer's market is very strong. Combined with the current international shortage of iron ore, Chen Xiao once suspected that it was because of the hidden information. Is it because he was wrong? The current market is indeed good...

Many institutions that lent him stocks before, seeing the market conditions were good, and they also bought them in a big way. Now they have more steel industry stocks in their hands.

Now Chen Xiao is facing two choices.

First, continue to raise funds and borrow steel industry stocks and sell them, and wait for low-level buys to repay.

Second, keep your troops still. If you hide information incorrectly, you can lose less points.

After thinking about it, Chen Xiao looked at everything in front of him and finally chose to believe in hidden information.

Most of what you have comes from hidden information.

Chen Xiao thought there was no reason not to believe it.

"Su Tang, continue to sell off with margin trading!"

"yes!"

The steel market is good, and some people are willing to borrow stocks, so securities companies are simply too comfortable.

After they bought it, they would lend it to Tengxiao Capital, while enjoying the dividends brought by the price increase, while collecting Tengxiao Capital's lending interest.

Make money on both sides and make a lot of fun.

One dares to buy, the other dares to borrow.

Tengxiao Capital's margin trading progress is much faster than before.

In one day, I raised 5 billion stocks again.

At this time, the cumulative margin trading has exceeded 10 billion.

The market in the steel industry is still rising.

If the increase is too large, Chen Xiao has to buy the sold stocks back and return them to the securities company at a higher price, resulting in serious losses.

Chen Xiao spent the whole day in trepidation.

Until a news on the next day made him ecstatic.

[The discovery of large iron ore veins in South Australia, and the authorities announced that they would conduct mining immediately, which would greatly alleviate the global shortage of iron ore! The price of steel is expected to fall.]

After an endless coma, Shi Yu suddenly got up from the bed.

He breathed fresh air in his mouth, and his chest trembled.

Confused and puzzled, all kinds of emotions surged into my heart.

Where is this?
To be continued...
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