My autobiography is definitely not a tragedy!
Chapter 600 - 388: Mysterious ’Confidence

Chapter 600: Chapter 388: Mysterious ’Confidence

Su City, Residence One.

Mr. Cui, who usually commanded great respect at the Xu Group, could only stand at the doorway humbly waiting, his head bowed in deference.

Faintly from inside came a shocked cry that rose in volume...

"What? This is impossible! They couldn’t possibly have that much funding!"

Xu Jingsong looked incredulous.

"Impossible? I’ve already had it verified. The ’Baiyeji Group’ is a company that just registered a few days ago.

The bank also confirmed that more than 4 billion had indeed just been deposited into their account.

The fact is right before you.

Mr. Xu, when you instructed me to ’take care of’ Changqing Biological, you never mentioned that they had such capabilities."

Sitting opposite, Hong Tianfang’s face showed displeasure.

Today, Hu Yonghua had indeed made a significant show of power.

Giving the other party an embarrassing hot potato had, in a blink of an eye, become the dazzling achievement of a new official, allowing them to thoroughly enhance their reputation...

What made him even angrier was that he had just denied them support eligibility, and they had turned around and become a major contributor to the government’s concerns?

Wouldn’t others say he couldn’t recognize true talent?

This was downright embarrassing!

He even began to suspect whether Hu Yonghua was deliberately setting him up, otherwise, how could Feng Liang’s timing as a commentator be so coincidental?

After all, if Xu Jingsong hadn’t wanted to target Changqing Biological, he wouldn’t have interfered.

So half of this anger must be directed at Xu Jingsong.

"Secretary Hong, please don’t misunderstand, I truly had no knowledge of this."

Seeing that Hong Tianfang looked upset, Xu Jingsong hurriedly explained.

"As far as I know, although Changqing Biological has shown some improvement recently, the liquid funds they can pull out amount to only a few billion at most.

The source of the money must be someone else!"

Xu Jingsong spoke with certainty, but he could hardly have imagined.

Under the "money transporter’s" boost, the rate of Gao Yuan’s capital increase far exceeded his expectations...

"Hmm... about that, I’ve also inquired about Hu Yifei from the Hu family.

He recently did reach a deal with Tencent to sell his company, which included an inflow of about ten billion..."

At this point, Hong Tianfang couldn’t help but feel a bit envious of Hu Yonghua.

The man’s son was successful and knew how to leverage that for family political capital, while his own good-for-nothing child was still fooling around daily with other second-generation kids, squandering his limited political resources...

The disparity suddenly felt overwhelming...

"Even so, their combined capital amounts to just over ten billion, so where did the other forty billion come from?"

Xu Jingsong was utterly baffled.

He truly hadn’t expected Gao Yuan to collaborate with the Hu family...

Had there been any interaction between them previously?

Could it really be connections left by Mr. Gao?

Could it be... that the mysterious force behind Gao Yuan was the Hu family?

His expression changed rapidly as various clues he had previously considered resurfaced in his mind.

While Hu Yonghua lacked a strong base in Jiangnan, the Hu family in the Northern Capital was renowned, with substantial influence in official circles.

If indeed it was the Hu family supporting Gao Yuan against him...

Then the miraculous success story of Changqing Biological also had a reasonable explanation.

Whether it was the fraudulent affairs of Chang Chun Biological or his grey-area projects in the Qinling Mountains...

Given the Hu family’s resources, providing various kinds of inside information was definitely within their capabilities!

Clenching his teeth, raising tens of billions was not impossible...

As for the Hu family’s reasons for doing this... Xu Jingsong couldn’t help but glance at Hong Tianfang.

The leading figure and the Xu family were allies; the number two spot wanted to compete with him, which meant that the business community in Su City needed backers.

And Gao Yuan was squarely against him...

Circumstances combined with interests, a mutual arrangement easily agreed upon?

So Changqing Biological... must be the glove the Hu family had put on to challenge Hong Tianfang!

After weighing the various interests, Xu Jingsong reached this "conclusion."

"I will arrange for someone to investigate the source of this funding, but now, dealing with Changqing Biological won’t be so easy."

Mr. Hong furrowed his brows.

"Looking after" a private enterprise, there are many administrative measures one can take.

Constant inspections, quality checks, and nitpicking: a fire extinguisher placed at a slightly wrong angle could give the relevant departments a reason to shut you down for days to rectify.

It wouldn’t take long before even the most stubborn enterprises would have to bow their heads.

But now, the situation has changed, as Changqing Biological had actually gotten involved in the Bin City Shipyard relief project.

This project involved many stakeholders, and even the provincial leaders were very interested.

If the shipyard were to fail, that would be one thing, but now they had finally found someone foolish enough with a lot of money to take over.

If you were to drive them away with such tactics...

Not to mention how the organization would view it, the several thousand workers at the shipyard would definitely end up protesting with banners at the main gate.

"Alas! It’s a pity. Given today’s events, I am completely at odds with Changqing Biological; otherwise, it would be beneficial to try and win over such companies..." Mr. Hong said, seemingly with regret.

Mr. Hong glanced at Xu Jingsong, who internally cursed him as an old fox, yet smiled obligingly.

"I understand that this matter is tricky for you. I heard Mr. Hong is in Shanghai working on a movie with our third brother. As his elder brother, it’s natural for me to offer as much support as possible," Xu Jingsong mentioned.

"What movie? It’s just the youngsters playing around," Mr. Hong dismissed.

"You can’t say that; it’s also contributing to the cultural promotion efforts of our Country Hua," Jingsong replied.

Both men then shared a knowing smile.

Mr. Hong took a sip of tea before continuing.

"The shipyard relief project is a significant matter, and it’s being pushed forward by Hu City. It’s not appropriate for me to intervene, and with Changqing Biological..."

Now that Changqing Biological had stepped in to help the shipyard, it was as if they had acquired a Protective Golden Body.

Even as a Secretary, he had many reservations about meddling, careful not to give Hu Yonghua a reason to catch him in the act.

"Haha! No need for you to intervene. In my view, they’ve completely made a foolish move, a step towards their own demise!" Xu Jingsong chuckled and shook his head.

Mr. Hong had previously wanted the Xu Group to assist with the shipyard, but after Xu Jingsong had looked into the situation, he had decisively refused.

It wasn’t just that the Xu family had not ventured into the shipping industry; it was clearly a disastrous pit!

"I’m certain they’ll face losses!

Shipping has always been a heavy asset, long-term investment. With the current market conditions, it’s difficult to liquidate, and short-term gains are impossible to see!

I know that Changqing Biological is carrying a debt of 500 million from the banks, not ruling out that they’re investing through debt.

Even the Hu family would not be able to easily come up with such a huge sum of money.

Thus, for several years, their cash flow will be in a permanently stressed state, and any mishap would drag even them down with the shipyard!

It seems Mr. Hu is desperately clutching at straws," Jingsong observed.

"Even if they resolve the shipyard’s issues, the price they pay will absolutely be severe," Xu Jingsong said with conviction.

From a normal businessman’s perspective, even if handled well, the transaction could result in a loss of twenty to thirty percent of the funds, and if not, complete loss wasn’t out of the question!

It was clearly "spending money to ward off disaster"!

What made him curious was whether, for a mere relief record for a shipyard, it was worth it for the Hu family to invest so much?

Did they really believe they could come out unscathed in this market situation?

What kind of baffling confidence was that?

In fact, things turned out exactly as Xu Jingsong had predicted.

Meng Lang, in his effort to aid the Bin City Shipyard, did more than just invest through debt; he virtually put everything on the line!

He not only sold Baiyeji, but he also mortgaged Changqing Biological, employing high-interest financing, to barely scrape together the funds, completing what seemed an improbable feat.

The financial leverage, enough to make real estate groups like the Xu family salute as peers!

Moreover, the circumstances they faced were even worse than those high-leverage real estate companies.

Houses and plots of land, no matter how common, still had considerable liquidity; in a good market, they could quickly be monetized.

But the shares and oil tankers in their hands, as exhilarating as it was to buy, were not easy to sell off.

Meng Lang was now walking a tightrope, his risks maxed out.

If anything went wrong with the shipyard project, the nest egg Meng Lang had painstakingly accumulated would be completely wiped out, returning him to square one.

And the reason he dared to gamble so wildly...

Nothing else but a phrase from a brother in a book, "Don’t hesitate, all in!"

People are often very stingy with their trust in others, but towards themselves... often there are no limits!

This... was the so-called baffling "confidence"!