Chapter 397: Sniper at the Middle Gate, Caixin Weekly

On Sunday night, the moon and the lights remained the same.

The computer screen was dimly lit. In the video, a man said a few words to the outside of the camera. The figure of a young woman holding a child in her arms flashed by, and then the video was hung up. The online meeting ended.

Today is Mid-Autumn Festival. The family of three is eager to enjoy family life and is quite family-oriented.

Su He stared at the computer screen, letting his thoughts wander to clear his mind. He took a short break to relax and stretch, then took off his formal jacket to reveal a floral short-sleeved shirt, paired with loose neutral shorts.

Then let the hair that is casually tied behind your head loose and instantly switch to a home-style state.

The phone rang at the right time. The takeaway I ordered before the meeting arrived. I went to open the door in my slippers.

"Hello, Mr. Su. Thank you for your continued recognition of our Park Hyatt Shanghai. Today is the Mid-Autumn Festival. On behalf of all the hotel staff, I wish you a happy holiday."

The hotel manager had a sincere smile and was followed by two colleagues holding incubators.

Su He let go of the door handle and made way for the door: "Thank you, come in, no need for shoe covers."

Taihe Capital has considerable business needs for employee travel, conferences and banquets, and has previously worked with the Mandarin Oriental Hotel for a long time.

She had a personal relationship with Hyatt's development director for China. After being promoted to partner of Taihe and responsible for daily management, she then handed over this business to Park Hyatt, a sub-brand of Hyatt.

"Ms. Su, I won't go in. This is a small gift our property has prepared for the owners. I wish you a happy holiday." The property manager standing next to her handed over an exquisite gift box.

Su He thanked him politely again. Two years ago, when he was working on the WhatsApp acquisition project, he went to Shenzhen overnight to meet with Pony Ma but was turned down. He could only find ways to lobby Tencent executives everywhere.

During that time, she sprained her ankle, and Xie Jingxing sent her home. The high-rise residential complex where they lived at that time has now been replaced by a river view duplex in a luxury residential complex.

Su He casually put the gift box into the storage cabinet, on which were scattered more than ten Mid-Autumn Festival gift boxes. Bulgari and LV gave them away during every festival. They looked good but were not practical, so he was too lazy to open them.

"Don't open the wine, just leave it there."

The hotel manager quickly instructed two colleagues to set the table, and the gift they gave was a bottle of 2000 Mouton Rothschild red wine.

This top Bordeaux winery has the most unstable quality control, which is reflected in the market: the market price of a good vintage and a mediocre vintage differs by two to three times.

So the hotel manager wanted to open the wine to show the year, but Su He sent him away without any interest, closed the door and took out two bottles of beer from the refrigerator.

Open the bottle and pour the wine along the wall of the glass. The foam is dense and the aroma of malt is everywhere. I drink half a glass in one breath. I soon feel a burning sensation in my stomach and a warm and comfortable feeling all over my body.

Su He was eating dinner and drinking when he suddenly remembered something. He stood up, walked into the utility room and pulled out a whole ham.

It seems to have been given by Zhu Tao, the founder of the invested project Connohi Biopharmaceuticals, and the two boxes of sea cucumbers next to it were given by Liu Qing. I bought a large refrigerator specifically to store these things.

It’s a headache every New Year. Su He looks for what his parents like to eat and sends them when he has time.

Finally, I pushed a large wooden box into the shelf to prevent it from falling, and dragged the ham to the kitchen to slice it for wine. The lid of the wooden box was printed with the logo of Mouton Rothschild, and the year was printed below - 2000, lying quietly in the corner, gathering dust.

She has gained a lot from Taihe in the past two years, but most of it is not important.

"Clang, clang."

There were three empty wine bottles in front of him. He moved from the dining table to the floor-to-ceiling window, and the sound of his cell phone ringing lingered in the empty living room.

Su He frowned and answered the phone: "What's the matter?"

"Can you cooperate with me tomorrow? I might be under a lot of pressure here." Tang Man said decisively.

Su He pursed his lips impatiently: "The pressure is shared. We just had a meeting to confirm that we will work in parallel and not interfere with each other."

"Mr. Su, you can't say that. The premise for us to have full autonomy in decision-making is that we can respond promptly and reasonably based on market dynamics." Tang Man insisted.

As Zheng Zhe suggested, Grapefruit Capital directly entered the short-selling plan of LeTV from the securities lending level, so during the online video conference just now, Xie Jingxing adjusted the framework of the short-selling plan.

Xiyou focuses on operational aspects such as securities lending, bond lending, and put options, while Taihe concentrates on preparing short-selling reports.

After the Mid-Autumn Festival, there will be a long National Day holiday, and there will be only three trading days next week. This is a valuable buffer period for LeTV, allowing Jia Yueting to find ways to defend or even counterattack.

"You should know why Mr. Xie is going abroad tomorrow. We can help relieve some of his pressure, right?"

Tang Man paused for a moment and said in a sad tone: "Su He, I have been waiting since the meeting because I think you should be the one calling me. President Xie thinks highly of you."

"How to cooperate."

"If LeTV's stock price falls more than expected tomorrow, Taihe needs to remain silent and try to slow down the short-selling investigation. Our goal is not the three trading days next week. The October 1st holiday is over and you have a big stage." Tang Man was well prepared.

She is self-righteous. It is precisely because she is considering that LeEco's stock price will fall beyond expectations tomorrow, causing a strong rebound, otherwise she should be supervising work in the company office now.

Su He had no intention of explaining: "Is there anything else?"

"Happy holidays." Tang Man was about to hang up the phone.

Instead, Su He blurted out, "You are the same, staying up late and working overtime to fulfill your duties. It's hard work."

"..."

There was silence on the other end of the phone, and a hazy and ambiguous melody of jazz music could be faintly heard.

Tang Man is a vinyl record enthusiast, and Xie Jingxing has given her many related collectibles.

The atmosphere was subtle for a moment, and Su He looked at the empty wine bottle in front of him, Roosevelt No. 10.

She opened her red lips slightly but no sound came out. In the eyes of outsiders, they were just old women with twisted personalities, helpless and single. What was the point even if they tore each other apart to see who was better?
Until the battery of the mobile phone heated up, Su He was drunken, burping and showing a suspicious expression. The jazz melody disappeared at some point, and was replaced by a faint whisper.

"what are you doing?"

"Tighten your legs."

"What's wrong with you?!" Su He angrily hung up the phone with contempt.

The lights in the bedroom went out, and a tossing and turning figure climbed out of the bed, groping in the dark and opening the bottom drawer of the bedside table with ease.

…………

The sky is blue and the sun rises as usual.

"Sister Wang, please change the sheets. I've thrown my pajamas into the laundry basket." Tang Man sat down at the dining table lazily.

The nanny had long been accustomed to saying "yes". At first, she thought she had discovered her boss's shameful little secret and secretly complained that city people really knew how to have fun.

As time went by and she thought about it carefully, she felt admiration and envy from the bottom of her heart. Facing physiological needs was as simple as eating and drinking. She felt weird because of such frankness.

[I personally believe that professional short-selling institutions in mature capital markets can, in a sense, effectively fulfill the regulatory requirements for financial fraud by listed companies.

Therefore, Jia Yueting should be grateful that there has been no professional short-selling institution in China to save LeTV. In the future, when short-selling transactions in the domestic market mature, your name and LeTV's name will appear together in university finance textbooks as typical negative cases.

Thank you for your positive contribution to the development of short selling, and thank you for my important help in your inclusion in the textbook - Xie Jingxing. 】On Monday, September 9, at 28:7 a.m., Xie Jingxing updated his WeChat Moments, targeting Jia Yueting from the middle.

Tang Man calmed down and put down his phone. He picked up the bowl of porridge and brought it to his mouth to moisten his lips. He raised his eyes to the sky outside the window. He should take off at this moment.

Xie Jingxing did not respond to Jia Yueting in a timely manner yesterday. It was not because of a drastic change in his temperament, or because his Weibo account was blocked and he had no place to speak out. He simply did not want to be disturbed from celebrating the holiday with his wife and children.

"Secretary Wei, I really don't know what Mr. Xie means. Yes, we have been looking for some investment opportunities in LeTV these days. Don't worry, our internal compliance and risk control management has always been very strict... I really didn't fool you. Mr. Xie went on a business trip abroad, and I can't contact him for the time being..."

At 7:45, Tang Man hung up the call from the investor protection unit and then picked up the call again.

"Director He, I saw Mr. Xie's circle of friends. Mr. Xie has no connotation with you... Mr. He, I know that the overall market decline has a bad impact on short selling. If I have caused you any embarrassment, I will punish myself by drinking three cups of wine next time we have dinner... If anyone is dissatisfied and wants to coordinate with the Aviation Administration to stop the plane, please talk to Mr. Xie. I have no influence and can only execute. Otherwise, if the Weibo account can be blocked, Xiyou can also be blocked... I am not expressing my emotions. Mr. Xie's original words..."

Tang Man opened the memo and wrote down Director He's full name and identity, leaving it for later use to repair the relationship.

Compared to people like Secretary Wei who spoke for LeTV, the "friends" who were familiar with Taihe and Xiyou who came forward to mediate and mediate actually felt more pressure.

Xie Jingxing has the image of a leader who actively saved the industry during the stock market crash. Now that the stock market continues to fall and the disaster is not over yet, he changed his position and shorted the representative leading stocks on the ChiNext.

To be fair, Yu Gong's public comments have a very bad impact.

Privately, it's fine if he did it secretly, but how would his comrades who praised him during the stock market crash and even helped Xiyou rescue the market deal with it when he exposed it in public and shouted at him?

If you take it seriously, it is definitely a slap in the face. In this regard, Xie Jingxing stands in a moral low point. Faced with such persuasion and mediation based on macro-market considerations, he is in the wrong and cannot resist.

Friends might turn into enemies, so I went abroad early to avoid it.

Ultimately, the market's expectations for shorting LeTV are not strong enough. When everyone thinks that LeTV deserves to die, the wind direction will reverse, and Xie Jinxing will once again stand on the moral high ground and judge crimes in the name of justice.

"How many times has this happened?"

At 8:20, Tang Man put her legs together and rubbed them slightly. From investing in Meituan to now, she couldn't count how many times she had taken a bullet for Xie Jingxing.

It’s like a father who is in debt and doesn’t come home at night, leaving his young daughter alone at home. The creditors come to the door and ask where your father is.

She knew that the other party was there to collect a debt, but she still had to blink her big innocent and pitiful eyes and answer, "My father is not at home, uncle, what can I do for you?"
Even if she wanted to kill the creditor, she couldn't bear to make things difficult for him. If she met a kind person, he might buy her dinner out of sympathy...

"It's really hard to be a daughter."

Tang Man whispered to herself and sighed softly, trying to get rid of the mountain of pressure pressing on her heart.

…………

"Xiaoxue, follow up on the latest situation of the message about 'He Li Chen Guang', and then wait until everyone arrives. Ask them to put down all the work at hand and quickly read the email I sent to you."

At 9 o'clock sharp, a middle-aged man with untidy beard and bright eyes walked quickly into the office, put down his things, gave an instruction to his assistant, and walked quickly towards the editor-in-chief's office while looking down at his mobile phone.

Passing the front desk, the 'Caixin Media' logo printed on the wall is eye-catching and vivid.

"have a look!"

The man pushed the door open in a hurry and poked the phone at the editor-in-chief's face, almost hitting his nose.

Hu Shuli, who has short hair, rolled her eyes helplessly: "Can you respect me a little? There is still half an hour before work starts."

"Look, Xie Jingxing has dropped a bomb on his friend circle. Once the stock price drops, the opportunity will be gone."

The middle-aged man could not hide his excitement and emphasized: "Last Friday, when Xie Jingxing's Weibo was blocked, I knew the situation was unusual. This is definitely a big explosion point."

"I checked carefully over the weekend, and guess what, Taihe and Xiyou are shorting LeEco all over the world. They are shorting any LeEco asset that can be traded, including stocks, bonds, options!"

He held up two fingers: "My friends in the financial industry told me that in two days, Xiyou alone probably plundered more than a billion worth of LeEco assets from the market."

"Now the public opinion in the entire financial industry about LeTV is rapidly divided. We have to do a special report. It is very necessary." He ran to the water dispenser and gulped down water to quench his thirst.

Hu Shuli pushed the frame of her camera and said, "Is it over?"

"It's over. We have a source of information on hand, and it will be easy to investigate."

“What if the report can’t be published?”

“Whether to publish or not is one thing, and whether to do or not is another. Mr. Hu, if we at Caixin don’t do some news, no other peers can do it.” The middle-aged man returned to his desk and said firmly without hesitation.

"Someone sent a message to say hello, so I didn't dare to speak as loudly as you did."

Hu Shuli changed the subject and said with a smile: "Jiang Ge, you have to knock on the door next time you come in. It's not easy for me to be wronged and beaten outside."

"Okay, Mr. Hu! Thank you, Mr. Hu. I kowtow to you!"

The middle-aged man Jiang Ge waved his hand vigorously, made an American military salute, and walked away with a flattering smile.

"Take the phone away."

Hu Shuli let him mess around, opened the stock trading software, and waited for the stock market to open with her arms folded over her chest.

She has a bad reputation and is generally regarded as a liberal in the domestic media who fawns on Europe and the United States.

However, since the establishment of Caixin Media, it has attracted nearly one million paying news users in the financial field in just a few years. In comparison, its European and American counterparts should kneel down to it.

With such a user growth rate and scale, it is only a matter of time before China catches up with the world-recognized authoritative financial media such as Bloomberg and the Wall Street Journal.

There is no special business strategy. She just makes sure that every news report released by Caixin is half as rigorous and truthful as its European and American counterparts.

"Xiaoxue, is there any progress?" Jiang Ge asked as he returned to his workstation.

"Helichuang is a media company that sold the copyrights of four TV series, including "Mature Man's Making", to LeTV Pictures at the beginning of this year. The accounts receivable was due three months ago."

The female subordinate whose name was called snapped her fingers to emphasize the point: "I just called to confirm that after repeated collection, LeTV Pictures only paid 500 million yuan of its dues, and the rest was deferred until the end of the year."

"Great, what do you guys think?"

Jiang Ge nodded with satisfaction. When he got the source of this news, LeEco's stock price was at its peak. He didn't expect that the news would suddenly come back to life after being kept in his hands for several months.

"LeEco Pictures is an asset of LeEco's non-listed system. This piece of news is not very valuable. Why don't we dig into LeEco's listed system and the suppliers of LeTV?" A colleague expressed his opinion.

Another colleague expanded his thinking: "Xiyou Taihe, they must have the materials on hand."

"No, I called their company on the way here, but their attitude was very cold and they didn't want to talk." Jiang Ge has strong execution ability.

The female subordinate was confused: "If they don't want to talk to the media, what is the purpose of their boss speaking out publicly?"

"I don't trust the media, I'm planning something big, or I'm under external pressure and it's inconvenient to talk to the media."

Jiang Ge judged based on his experience that the stock market would open at 9:30 as he was speaking, and he immediately opened the stock software to follow the trend of LeTV. (End of this chapter)