My autobiography is definitely not a tragedy!
Chapter 570 - 371: I’m the Flower of the Xu Family

Chapter 570: Chapter 371: I’m the Flower of the Xu Family

Xu Group headquarters.

"Mr. Xu, here is the meeting report for today." Cui Jizhong respectfully placed the document on the desk.

Behind the executive chair, Xu Jingsong rubbed his brow, looking rather fatigued.

No wonder he looked this way; lately, Xu Bolin and his son hadn’t given him a moment’s peace.

Just earlier in the meeting, Xu Jinbai had brought up old issues, pressing about the current financial status of the company.

A Human Resources Director dealing with the company’s financial status—an act of overstepping boundaries—yet due to Xu Bonian’s stern warning, Xu Jingsong could only grit his teeth and endure it.

Because of the previous "attempted murder" incident, feeling guilty, Xu Jingsong and his son didn’t want to completely fall out with Xu Bolin at such a time, so they chose to temporarily yield.

But such repeated retreats dealt a heavy blow to Xu Jingsong’s prestige within the group.

Upon seeing this, Xu Jinbai became even more unbridled.

Whatever Xu Jingsong supported, he opposed.

Whatever Xu Jingsong opposed, he fully supported!

A mere meeting could send Xu Jingsong’s blood pressure soaring!

The high-level executives in the group also sensed a different wind blowing; those who had firmly stood by Xu Jingsong began to adopt a safe stance, starting to waver.

Xu Jingsong knew that if this continued, morale would dissipate, and the team would become even harder to manage...

"What’s the recent situation with the financing from Big Bull Venture Capital?"

Xu Jingsong flipped through the document in his hands, seemingly asking casually.

"Report to Mr. Xu, up until now, we have attracted nearly three hundred million in funds at a high interest rate of 8%.

Two hundred million was used for Young Master Feng’s movie, invested into Nomadic Film, and the other hundred million has entered the group’s funds through various channels," Cui Jizhong replied.

"Three hundred million? That’s still too little!" Xu Jingsong first nodded, then shook his head.

Cui Jizhong hesitated for a moment, couldn’t help but remind him.

"Mr. Xu, with an interest rate of 8%, considering the middle processes, it’s nearly going up to 10% or even higher.

Such a high cost of capital, coupled with the current unclear situation in the real estate industry, could lead to significant risks with a slight misstep.

If we continue to raise funds... the pressure will be very high later on..."

Xu Jingsong looked at him.

"Pressure? The projects we hold are premium assets, developing them would yield a return well over 10%!

Is it just the debt ratio? My Xu Group owes hundreds of billions, has there been a problem?

The money is indeed printed by the state, but it’s the Xu family that spends it!

If you’re so pressured over ten billion in debt, should I go jump off a building carrying all this debt?"

"No! Mr. Xu, that’s not what I meant..."

Cui Jizhong, hearing the dissatisfaction in Xu Jingsong’s words, hurriedly waved his hands.

Xu Jingsong raised his hand to stop him, his voice softened, speaking earnestly.

"Jizhong, you have good abilities, but sometimes you’re too conservative.

We need to expand our territory now, not watch as projects that belong to us get snatched by others.

Besides, you know the situation we are facing now; the losses we previously suffered in the stock market still need to be recuperated from the market...

So, you will be a bit busier recently. Keep an eye on that side for the time being. I will propose at the board meeting to consider giving you some equity incentives!

But within three months, we must raise at least twenty billion, and the more the better! Understood?"

"Yes! I understand!"

Cui Jizhong dared not voice any more opinions; he could only open the door and leave with a face of helplessness.

Unaware of the meaningful gaze behind him.

...

"Elder Wang! The kids are coming back for dinner today, I’m going out to buy some groceries!"

"Hmm! Go ahead, buy some extra chicken legs for Xiao Kai, that little guy loves fried chicken legs the most."

"Got it, I know!"

"Bang!"

After the door was closed, Elder Wang put on his reading glasses again and swiped his finger across the screen of his cellphone, opening an app called "Big Bull Venture Capital."

"+205.4!"

Seeing today’s profit in his account balance, Elder Wang couldn’t help but smile.

Before retiring, Elder Wang was an ordinary mathematics teacher. Like many others, his son grew up and moved to the big city, from working to starting a business, and then settling down.

The business grew more and more successful, and although a lot of money was sent home, visits became less and less frequent.

Retirement was supposed to be a happy time for most people, but for Elder Wang, who had been used to working all his life, suddenly having free time felt very insecure.

On one hand, he worried about being distant from his children and grandchildren, leaving him and his wife without care in their later years.

He also worried that if either he or his wife were to fall seriously ill, it would become a burden to his son.

Security came from one’s own efforts and the wallet in one’s pocket.

To ensure that he and his wife could enjoy their old age, Elder Wang was very careful with spending.

Previously, he scrimped and saved to support his children’s education; once the children were grown and didn’t need financial support from home, he continued to save for his retirement.

His pension, topped up with filial contributions from his son, made their life rather comfortable.

However, in recent times, his son’s company suddenly encountered a problem. Although it wasn’t explicitly mentioned over the phone, it still worried Elder Wang.

Now with a daughter-in-law and a grandson who needed financial support and monthly payments for home and car loans...

Elder Wang used the calculator, thinking about how much money they could draw from in case of an emergency.

Fortunately, from years of frugality, the couple had saved up eight hundred thousand yuan.

Originally, this was kept in the bank in a fixed deposit earning a modest interest, but recently, when the deposit matured, Elder Wang switched to investing.

These years were the peak of a trend called "FOMO investing," with young people around him asking every day, "Have you done your financial planning today?"

As an educator, Elder Wang was not an obstinate old man; he was willing to learn from the younger generation.

After some "lessons," tempted by the prospect of high interest rates, Elder Wang was quickly convinced.

After trying for a while, he indeed received a much higher return than what the banks offered and decisively invested his eight hundred thousand yuan intended for retirement into the venture called "Big Bull Venture Capital."

It was said that it had just been acquired by one of the top 500 enterprises in the country, a big and strong company, even boasting a major star as its spokesperson.

In terms of financial security, it was exceedingly reliable.

Seeing the consistently high income on his phone every day, Elder Wang was overjoyed.

"Click!" At that moment, the door was opened, and a family of three walked in.

"Dad, we’re back."

"Grandpa!"

"Ah! Zikai! Oh my dear grandson, how have you gotten chubbier? Haha..."

In this grand era, everyone is like a small boat, merely drifting with the tide.

It’s just that every tragedy carries a bit of irony...