Chapter 129: A Bunch of Clowns

To Qin Han's delight, the Note 7 phone, his first major investment project after assuming the chairmanship, had unleashed such astonishing market power, with sales exploding!
It was as if even the heavens were on his side!
If the Note 7's unstoppable sales momentum could be maintained, and the company's stock price successfully broke historical highs…
At that point, who in the entire Jiangjin Group, and even the entire business world, would dare question Qin Han's leadership and business acumen?!
He would silence everyone!
He, Qin Han, would become the undisputed, supreme new king of the Jiangjin Group!
Just as Qin Han was immersed in his infinitely bright vision of the future, a slightly untimely voice abruptly interrupted his reverie.
"Chairman, there's something I feel it's necessary to report to you privately."
After the heated executive strategy meeting, Wang Ming, the investment director of the Jiangjin Group, didn't leave immediately like the others.
Instead, he remained alone, his face showing an undisguised solemnity and unease.
“Oh? What is it, all mysterious?”
“It’s like this, Chairman.”
Wang Ming carefully chose his words, a fine layer of cold sweat even appearing on his forehead.
“Recently…recently, there’s been a rather unpleasant rumor circulating in the financial circles.
I felt it necessary to inform you immediately, so you’re aware of the situation.”
“A rumor?” Qin Han frowned slightly. “Tell me about it.”
“It…it’s about our Jiangjin Group.” Wang Ming lowered his voice considerably, as if afraid of being overheard.
“There’s concrete information that…someone…has placed…a massive…short order on our Jiangjin Group’s stock!”
“Short selling?”
Qin Han’s face instantly darkened.
At this critical juncture, when everyone was optimistic about Jiangjin Group, positive news about the Wovi Note 7 phone was flying like snowflakes, and the company’s stock price was soaring like a rocket!
Someone actually dared to go against the trend and massively short-sell Jiangjin Group?
This was undoubtedly a blatant provocation against Qin Han, the newly appointed head of Jiangjin Group, a naked questioning of Jiangjin Group's bright future!
What powerful, unknown adversary was lurking behind this, secretly coveting and plotting something sinister?
Or was it simply some blind fool trying to give him, the newly appointed chairman, a severe blow?
“The market reviews and initial sales figures for the Note 7 phone are excellent, aren’t they?”
Qin Han asked coldly,
“Under these circumstances, someone still dares to place such a heavy bet, frantically shorting it?
Are they blind, unable to see the overwhelming positive news, or deaf, unable to hear the unanimous bullish sentiment in the market?”
“Chairman, it’s absolutely true.” Wang Ming wiped the cold sweat from his forehead,
“We don’t yet have the precise timeline for when the short order was placed.”
However, according to the daily securities lending data released by the exchange and the abnormal trading monitoring reported by some of our partner brokerages, these massive short positions must have been established only in the last few days.
We've noticed that in the past few days, the volume and balance of securities lending targeting our Jiangjin Group have suddenly experienced an extremely abnormal, almost explosive, surge!
"Is the target definitely our Jiangjin Group's stock?"
"Yes, Chairman!
We've repeatedly cross-referenced and conducted in-depth data analysis with the publicly released data from the exchange and the sell orders we've gathered through various channels.
The conclusion is very clear: it's targeting our Jiangjin Group! There's no mistake!"
Short selling is typically conducted through multiple accounts to mitigate risk and conceal intentions.
Moreover, stocks like Jiangjin Group, with their massive market capitalization and high institutional investor ownership, already exhibit staggering daily trading volumes.
Identifying immediately whether a seemingly normal large sell order is a simple profit-taking action or a highly malicious strategic short-selling move is extremely difficult.
To fully uncover the truth beneath the surface, a meticulous and professional comparison and verification of the complex daily trading data with the official securities lending data released by the exchange is necessary.
“Who did this? Can we find the specific identity of the mastermind?”
“Well… Chairman, that's probably quite difficult for now.
Judging from their methods this time, they were extremely professional and secretive.”
"To trace the mastermind behind this and completely expose the culprit would likely require considerable time and effort, and the success rate is not guaranteed."
"I remember the financial regulators recently issued repeated orders to severely crack down on 'malicious short selling' to maintain market stability, didn't they?
How can anyone still dare to defy these orders?"
"Chairman, the regulators do maintain a high-pressure stance against market manipulation, but the normal short selling mechanism itself is compliant.
As long as their operations are within the framework of the rules, such as through compliant channels for short selling, and without using undisclosed information or spreading rumors, it's difficult for regulators to immediately define it as 'malicious.'
Moreover, if the other party is determined to hide, they can easily operate through dazzling methods such as domestic and foreign structured products and cross-border equity swaps, making it extremely difficult to thoroughly trace their ultimate beneficiaries."
Upon hearing this, Qin Han let out a short, disdainful snort.
Which blind bastard dared to mess with him?
How dare they jump out and cause him trouble at this crucial moment when he was preparing for a grand celebration?
It's outrageous! Absolutely audacious!
To be honest, although Qin Han was very annoyed, he didn't take it seriously at all.
"What's the panic? Just a bunch of clowns, let them be! What can they possibly do?"
Although Qin Han built his fortune on his family's business, he wasn't a complete novice when it came to the financial markets.
He knew perfectly well that in a super bull market where stock prices were rising unilaterally and wildly, choosing to go against the trend and attempting short selling was tantamount to digging his own grave and courting disaster.
Once the stock price continued to rise and broke through a key technical level, those stubborn short sellers might even be forced to liquidate their positions due to insufficient margin, commonly known as "margin call"!