Chapter 349 Water Diversion
Europe, off the coast of Norway.

It was just after breakfast, and the warm sunshine had not yet shown its harshness on the azure sea when a helicopter took off from the deck of the cruise ship. The air currents stirred up by its wings swept across the sparkling sea surface.

The top floor suite with excellent light and view is suitable for sunbathing. Yu Tong lay on the lounge chair on the balcony and watched the helicopter fly away: "Three more left. Which batch is this?"

"We flew three or four times yesterday." Xie Jingxing yawned as he sat under the parasol holding his daughter.

Yu Tong frowned and complained: "It's embarrassing for them to toss around like this. What's going on in the stock market? It's so annoying."

"We can only say that our friends are all very wealthy." Xie Jingxing managed to find joy in the midst of hardship.

Yu Tong glared at him in reproach, put on his sunglasses and continued to appreciate the monotonous but magnificent natural scenery.

After holding the formal wedding ceremony in the Maldives on the 25th, the newlyweds took a short break and headed to Europe to start a cruise party to entertain friends.

This couple, who do not know how to appreciate their good fortune, feel sorry for themselves and think that they have few friends and it is a pity that they have to hold two weddings. But in fact, the number of friends they can socialize with has basically far exceeded the standard of "high net worth individuals" defined by financial institutions.

Coincidentally, the domestic stock market experienced the worst week-long plunge since the stock market crash from June 6 to July 29.

So when the market fell on Monday, before even boarding the cruise ship, two old men who had lost tens of millions hurriedly said goodbye and returned home.

It was good that the market miraculously stabilized on Tuesday, but it plummeted 5% at the end of Wednesday, 3% on Thursday, and 5% on Friday, a total of 14% drop in three days.

There were not enough oxygen tanks on the cruise ship, heart rates were more fluctuating than the intermittent WiFi signal, and helicopters were taking off and landing to see off friends who were anxious to return home.

"Shhh."

Xie Jingxing suddenly signaled softly, walked out of the balcony lightly, and handed his sleeping daughter in his arms to the babysitter.

It is not yet clear whether the daughter, who is less than two months old, has the potential to be an emperor, but her temperament of being a troublemaker is slightly revealed. If she can be coaxed to sleep, it will give face to her father, who is a big shot in the business world. She must not be woken up.

Yu Tong propped up his arms and looked at his bashful look as he rubbed his hands in anticipation of coming back. He reminded him half shyly and half seriously, "You will be returning home at the end of your vacation tomorrow. I think you should focus on your job and think about it."

"No hurry, the world is big, giving my wife a massage is the most important thing." Xie Jingxing said righteously as he moved a small stool and sat next to the recliner.

Yu Tong buried her pretty face in his arms and lay down, waiting obediently for the cool and fragrant massage oil to flow onto her well-proportioned back and shoulder blades, and a thin rope to slide along her fair and delicate skin, moistening the thin gauze that was as smooth as a cicada's wing.

Sunbathing was a regular activity these days, and Xie Jingxing always focused on massaging his wife without any distractions, and today was no exception.

While his friends were furious because there was no Internet signal on the cruise ship, he was enjoying the state of being oblivious to what was happening outside. If he had a choice, it would be best to wait until the stock market crash was over before returning home.

Late last night on Friday local time, the China Securities Regulatory Commission came up with a package of rescue plans and swore an oath to its fellow units and its own troops that the rescue plans would definitely pass the highest-level coordination meeting at the weekend.

First, the China Securities Regulatory Commission took action. Its official media published an article suggesting that the initiator of this round of stock market crash was the malicious short selling of international investment banks such as Morgan Stanley. Then today, many state-owned enterprise giants including the China Aviation Industry Corporation responded one after another.

——The enemy is on Wall Street. This is a battle to defend the national economy.

At this point, it is obvious that the significance of the rescue operation has been infinitely elevated, and the so-called political task is a task that must be accomplished at all costs.

More than just full cooperation from all departments?

As an industry leader and market leader, with 1500 billion in cash at a critical moment when the market liquidity crisis is spreading, Xie Jingxing now wishes he could bury his head in the sand and act like an ostrich.

"Husband~"

Yu Tong raised her head at some point, twisting her body like a mermaid, with a misty look in her beautiful eyes as she murmured and tugged at the corner of his clothes.

"Don't move, turn over and lie down, it's time to press the front side." Xie Jingxing was as holy as a Buddha.

Yu Tong pursed her lips and said coquettishly: "Hubby, I don't want a massage anymore."

"No, you have to respect the fruits of my labor. How can you give up halfway?"

"Hubby, please..."

The phone suddenly rang out at an inopportune time, covering Yu Tong's increasingly fluent words. The little nanny stood stupidly at the balcony door, in a dilemma, and explained with a tongue tied, "Uh, Chairman Xie Cheng, your father's call."

Xie Jingxing shrugged helplessly, took the phone and left.

"Oh!"

A pillow chased his back and hit the balcony glass door, breaking it crooked. Yu Tong scratched his hair angrily, put on his bathrobe and went to the bathroom to take a shower.

"Right now?" Xie Jing Xing asked.

On the other end of the phone, Old Xie said in a low voice: "Yes, return home immediately. The rescue plan will definitely be approved."

"What should I do?" Xie Jingxing continued to ask.

Old Xie was silent for a moment. "Two aspects. One is to give some help from home. The other is the stock market. I will wait for you to return home to find out how to do it."

"Then let's do this first."

Xie Jingxing simply hung up the phone. Although he had been resisting passively, he had already made the decision not to shirk responsibility if necessary.

It has nothing to do with his family background, nor does it have anything to do with him personally. It’s just that an industry leader stepped forward to take on the responsibilities that he should take.

The British call this "If you wear the crown, you must bear its weight", and the Chinese call it "If it is beneficial to the country, you should not avoid it because of misfortune or fortune."

"Ah, what are you doing!"

A scream was heard in the bathroom, and Yu Tong watched Xie Jingxing tear off his clothes and rush in with his long hairy legs swinging.

"Stop talking nonsense. This general has plenty of ammunition. What's wrong with firing a few shots to boost morale before going to the battlefield?!"

"What if we run out of ammunition?"

"Then you can at least hear the sound of gunfire and the rumble of artillery fire!"

"General, we return in triumph~" Yu Tong sang softly.

…………

"Good news came out. Juntai Securities and CITIC Securities jointly with 21 securities firms announced that they would put out a total of 1200 billion yuan to rescue the market next week."

Late at night on July 7, Saturday, local time, Yu Nian walked quickly off the plane, and the secretary behind her reported the latest developments.

"It's no use."

She kept walking and talking: "Both the long and short sides are waiting. Now the whole market is expecting extreme panic. Simply releasing good news is a crime."

"The flight of the brokerage representatives will arrive in an hour. Should we wait for them?" The secretary continued to report. Representatives of 21 leading brokerages held a mobilization meeting in Beijing to announce the rescue of the market. In the evening, the Shanghai Stock Exchange also held a high-level mobilization meeting, and all the relevant units that could be invited were invited. They then transferred here to attend the meeting without stopping.

Yu Nian represents the state-owned financial sector of China Merchants Group, but she has more important personal tasks and there is no need to waste time with the securities firm representatives.

Last night I went to AVIC to coordinate a rescue plan. When the other party's chairman was interviewed, he followed the CSRC's statement and characterized the stock market crash as an economic war, which was not entirely out of political considerations.

The severity of the stock market crash has expanded to this extent today. A huge short-selling force has indeed gathered in the market. If it continues, it will form an economic crisis that is essentially no different from an economic war.

It is just a question of whether the short-selling enemy is inside or outside, or both inside and outside.

Last week, various units released favorable news sporadically, but it did not play any role. As the situation was urgent, everyone was busy with their own business and did not know the details. Last night, the China Securities Regulatory Commission finalized a complete rescue plan and all parties informed each other before they knew the details.

It turns out that every favorable news announced last week was hyped up by market bears and exaggerated favorable expectations. Once retail investors believed them to be true, they found out that the favorable news was not that great. As a result, favorable expectations were eliminated and panic was further intensified.

Therefore, CCTV and the news did not mention the stock market today. The only good news that 21 securities companies invested money to rescue the market was the bait used for fishing.

1200 billion yuan of funds is neither too much nor too little. In contrast to the silence of other departments, it is like the Spartan warriors who died before they could accomplish their mission.

Give the short sellers enough room to create panic. Come on, show them, but I will catch you.

Literally catch. The deputy head of the public security department personally led the special task force to crack down on malicious short-selling forces.

The arrangement corresponding to the handling of negative news is good news. Yu Nian came here for this purpose. He went straight to the Shanghai Stock Exchange to hold a meeting, and then had individual exchanges with many leaders of the Securities Regulatory Commission until the early morning.

Then we turned around and went back to the airport. The arrival floor of the international terminal was deserted. A McDonald's clerk in a pink work uniform was dozing off at the counter.

"Help me get a bag of candy."

Yu Nian held the cup of hot coffee in both hands and pursed his lips. He was exhausted from working so hard these days and felt particularly cold from the air conditioner.

There were only a few people in this McDonald's store, all resting in the dark corners. The secretary whispered and went to the self-service bar to get some candy.

"Excuse me."

When she turned around, she accidentally bumped into a middle-aged man in a suit with deep wrinkles on his face. The man nodded slightly to indicate that it was okay and subconsciously protected his briefcase.

The secretary took a quick look at the middle-aged man and intuitively determined that they were of the same kind. Then he looked at a middle-aged man with bags under his eyes who was dozing off on a chair in the corner, and took out his mobile phone thoughtfully to use Baidu.

"Boss, it seems to be the leader in charge of finance in Mr. Xie's hometown."

She returned to the dining table and reported in a low voice with her hand covering her mouth. As expected, the middle-aged man with the briefcase was also a secretary, and he was whispering in the ear of the middle-aged man with bags under his eyes with precise body movements.

The latter gave him a friendly look and smiled, and Yu Nian responded with a polite smile without any intention of being nosy.

The two groups separated immediately after the conflict. The muffled sound of leather shoes stepping on the ground was heard outside the McDonald's store. Tang Man walked into the store first, and Su He walked side by side with her. Behind them were several subordinates.

"Mr. Yu, I'm sorry, we are late."

Yu Nian perked up and responded: "I'm early, and my flight is still a while away."

"There is no delay and it should land soon. Assistant Song will be here soon too." Tang Man actively communicated the situation.

Yu Nian stood up: "Then go wait outside."

After a brief conversation, everyone headed towards the arrival gate, with two middle-aged men in the corner following closely behind.

I just stood there doing nothing and waiting quietly. Twenty minutes later, the flight from Singapore to Shanghai landed on time, and Song Anli appeared with several financial staff from Taihe Family Office, looking exhausted.

Ten minutes later, the flight number of the direct flight from Stockholm, Norway to Shanghai, displayed on the LED screen changed to the arrival sign, and people from all parties involuntarily straightened their postures.

"Sorry to have kept you waiting."

A few passengers passed by in the exit passage. After waiting anxiously, Xie Jingxing finally showed up and walked over, smiling relaxedly alone.

He greeted them in a general way and pulled the two middle-aged men aside for a private chat: "Leaders, time is tight and the task is heavy. If the province needs any help, please tell me. I will do my best to support you."

"First of all, I want to express my gratitude to you on behalf of my fellow countrymen."

The head of the financial stability maintenance team paused for a moment, then pulled up his cracked lips and said self-deprecatingly, "Don't worry if you laugh at me, I've been away from home for three days. I've been running around in Beijing and Shanghai and hitting walls everywhere without any clues. My family not only needs financial help, but also theoretical advice on disaster relief."

"... Leader, I can't make a macro analysis of the current situation. I have two specific suggestions. First, if listed companies in the province can suspend trading, do so without hesitation. Second, companies that need direct rescue should provide a funding gap. I will pay for it but we need to work with the bank."

Xie Jing Xing pondered over his conditions. What the team leader said about knocking around everywhere was that he couldn't find out the details of the national rescue plan. This kind of information was of great importance and he couldn't leak it.

As for the funds, it would be enough to tie up the provincial banks and transfer 10 billion yuan from Taihe Pomelo.

The current market is not without money, but without cash that can flow. It can be compared to an old-fashioned well, where you have to pour some "priming water" into the pump to pump out a steady supply of water.

Xie Jingxing's use of tens of billions of funds is to "draw water". The reason why the first-level branches of the four major banks in the province want to form a banking consortium is not only because they are worried about market risks, but also because there are compliance risks in banks' "drawing water".

“Is it possible to support listed companies in our province from the stock market?”

With a guaranteed bottom line, the team leader put down the heavy burden on his heart and turned to seek more favorable support.

The purpose of forming a syndicate is to repay the loan later, but the listed companies in the province are not suspended. Grapefruit Capital solves the risk of equity pledge by buying their stocks to support the stock price, which is a financial investment...

"That's not possible. To be honest, I'm going to Beijing soon to attend a coordination meeting on rescuing the market."

Xie Jingxing decisively refused. That was all he had to say. There was a difference between saving the market and throwing money into a blazing fire pit. In the province, apart from one company, Jingyue Hi-Tech, which was in the stock range of the one his daughter had drawn lots to buy at the bottom, it was better not to mention other listed companies.

Including Yunshan’s Wogu Agricultural Machinery, none of them is worth taking the market rescue operation of purchasing stocks.

The team leader sighed deeply and held out his hand: "Mr. Xie, thank you for your hard work. Your hometown will remember all your contributions."

"That's it for now. I have to leave now. Please ask Mr. Su from Taihe Capital to coordinate with you later."

Xie Jingxing shook his hand, tilted his head and signaled Su He to come over to receive him, then left without any hesitation.

Taking out 10 billion in cash within a few words was already enough respect for the team leader, and he could not ask for any more empty courtesy. To him, 10 billion was just a small part, and 100 billion was the main course.

"You have two choices. First, you take out the 1000 billion yuan that the central bank has allocated to you with a 2x leverage, and lend the money to the securities finance company through the channel of Grapefruit Capital for short-term financing. After the stock market crash, you will get the principal and interest back."

On the way back to the Grapefruit Capital office from the airport, Yu Nian felt frightened by what he said: "Second, you take out 1000 billion yuan and the central bank will give you 2 times leverage. Use Grapefruit Capital's channel to invest this money directly in the stock market."

"In short, borrow my money and borrow my name." Xie Jingxing commented calmly.

(End of this chapter)