BXBX NOVEL Chapter 36: The Final incident
And on top of that, the Jiang Group did not reveal who had realized the real truth about this matter.
This surprised many people as this implied that whoever revealed the matter was someone the Jiang Group could not afford to provoke.
Some of the Presidents who were similar to Jiang Wei used their connections to find out who the leaker was, and when they did, they had the same reactions as Jiang Wei. Others just left the matter alone as they did not want to know who the person or group was.
So later that day, the Jiang Group confirmed that they had sued the billionaires for the damages to the stock prices.
This was met with a lot of applause from everyone as these billionaires were notorious for this and made a lot of people lose a lot of money, but they did not have any proof, which had left these billionaires free.
But now they had nowhere to go, which made everyone involved in this incident and the people who were duped by the billionaires in the past happy.
Xu Qianghua, who saw this, could not help but shake his head, as this had happened in his last life too, but it was after the whole incident occurred, and the ones that were suing them were not the Jiang Group but the WayFlower Group.
At that time, he was confused as to why the WayFlower Group sued them. He thought it was just to put the blame somewhere else, but now that he knew the whole matter, he understood why the events unfolded the way they did.
But Xu Qianghua did not care about this as he knew that it would be meaningless. By the time the billionaires and the Jiang Group went to court, the game would have already merged.
And the Jiang Group is still not out of the woods with the new policies regarding loans coming out.
And it's not just the Jiang Group that is in trouble. Other companies have used similar tactics to increase their value.
Liu Meiying is not going to leave them either when she starts shorting the Jiang Group. However, the other companies that have used this tactic are not as deep into it, or it is just a side industry for them, so they do not lose as much money as the Jiang Group.
'But anything is better than nothing, right?' Xu Qianghua thought as he scrolled through the comments on the post from the Jiang Group.
After a while, he closed the terminal because there was nothing else to check and he went back to enjoying his life with the girls.
A few days later...
At 9 am, a post from the government was attached to every news app available. At the same time, many news channels were talking about the post and its implications for everyone.
Yes, it was the new rule changes for the way loans are taken and how excessive loans are burdening the property sectors.
"So, Mr. Chen, can you explain how these policies can help the general populace and how they can be bad for some companies that rely on taking loans from the banks?" a beautiful news reporter asked Chen Guowei.
Chen Guowei is a famous expert in the field of finance. He usually appears on different live news channels to talk about new policies and rules set by the government.
He has all the features of an old man who usually gets invited to these kinds of events: mostly gray hair with a few strands of black, a face with slight wrinkles, and a slightly hunched posture.
"Yes, this is huge as a lot of companies take loans from banks to further invest in their projects, and with these new policies, we can see that the government does not want this to continue.
And we can see that the main focus of this new change is the real estate sector, as the government does not want companies to rapidly borrow money from banks to expand their operations.
This is because the government has seen cases where companies borrow money on a large scale and then do not pay it back on time as the real estate market has slowed down," Mr. Chen said as he looked at the news reporter.
"So what is the end result of these new rule changes?" the reporter asked.
"It curbs companies from taking too many loans and then spending them on their projects. This new rule also gives guidelines to the banks that want to lend money to these companies, so if something happens and the company goes down, the banks will have a harder time trusting other companies," Mr. Chen said.
This is similar to the Chinese "three red lines" policy but instead of it being implemented everywhere, the government decided to implement it in a small area to see how it affects daily life. If successful, they would implement it all around the world.
Xu Qianghua, who was watching this, could not help but sigh as this new policy would change the way people view real estate speculation. This new policy also means the end of an era where there are no regulations on the amount of money taken from banks.
He then goes to Liu Meiying's office to watch her as she shorts the Jiang Group and the other groups affected by these new changes.
"It's still shocking how one rule change could affect so many companies," Xu Qianghua said as he looked at the number of companies that were being shorted by Liu Meiying.
"Yeah, that's why they say if you want to make money, you have to take risks," Liu Meiying said as she continued to look for any changes.