Chapter 136 Addicted to robbing money, huh?
Bonds.
This thing isn't something that only the government can issue.
Simply put, it means borrowing money from the market, paying interest on time, and repaying the principal upon maturity.
Companies, especially large companies, also issue their own bonds in order to raise funds quickly.
This is standard practice in large domestic companies, and Kintetsu Group is clearly well aware of it.
But it was this thing that sent a shiver down his spine; his intuition told him—this was it! There was no doubt about it!
"But...why bonds? And Japanese corporate bonds specifically? The interest rates are ridiculously low, what's the point?"
Su Hao was completely baffled.
Interest on corporate bonds typically fluctuates based on market interest rates and is usually paid quarterly.
In Japan's ultra-low interest rate environment, how high can the coupon rate of corporate bonds be?
But that strong intuition was like an invisible hand, pressing his head down and making him focus his attention on this.
He took a deep breath and turned to the next page. His gaze fixed on it again!
[ Kintetsu Group – Announcement of the Launch of a Large-Scale Integrated Development Project in the Kumamoto Area]
***
The atmosphere in the Chairman's Office at Jiangjin Group headquarters was as oppressive as the sea before a storm.
"Have you found out? Which blind bastard is messing with us?!"
Qin Han, the Director of Jiangjin Group, was staring at Wang Ming, the Investment Director, with a livid expression.
That guy who dared to mess with the big boss last time, stabbing Jiangjin Group in the back and shorting it aggressively.
Wang Ming had confidently declared he could definitely find the culprit, but now he looks constipated and stammers:
" Director, this matter... is probably difficult to investigate."
The other party's methods were incredibly professional. They used multiple layers of brokerages and shell companies, with large-scale brokers handling the transactions, creating a complex web of fund flows and meticulously planned short positions… it was absolutely airtight!
"So that means we can't catch him?" Qin Han's tone grew even colder.
"Physical evidence… is indeed very difficult to obtain." Wang Ming wiped his sweat. "However, we are not entirely without clues; at least we have a highly suspected individual."
"Oh? Tell me about it."
Do you remember the ' Dieselgate ' scandal involving Zhongda Motors last time?
At that time, a mysterious fund used a similar method to short the German market, then triggered a news event, made a fortune, and then disappeared!
The method used this time was exactly the same as that time!
Our internal speculation is that this was likely the work of the same group of people.
In addition, the recent quarterly financial reports released by various private equity firms…
Wang Ming paused, then lowered his voice even further.
" Fang Huan Investment's performance is simply dazzling. They've made a fortune, with figures so outrageous it's unbelievable!"
Therefore, people in the industry are speculating that the people who shorted Zhongda last time and those who shorted our Jiangjin Group this time are most likely the same group from Fang Huan Investment!
Fang Huan Investment!
It's those persistent bastards again!
Qin Han's temples throbbed, and a surge of anger rushed to his head.
It was these bastards who managed to swindle 20 billion yuan from Jiangjin Group!
Then, with this "ill-gotten gain," they swallowed up the Changqing Real Estate Project without spending a single penny!
This feud started a long time ago!
Now look what's happened, you've gotten addicted to robbing people, haven't you?
They even dared to target the stock price of Jiangjin Group!
This is absolutely outrageous! I can't tolerate it any longer!
He felt his blood pressure rising rapidly.
"However, Director," Wang Ming added cautiously, "there are some rumors circulating that are not in our favor."
"Rumors? What kind of bullshit rumors are these?" Qin Han asked irritably.
"Just...just say that we deliberately released false information, saying that there were short sellers shorting Jiang Jin stock."
Actually, it was a scheme orchestrated by our Jiangjin Group in collaboration with a mysterious force, wiping out all the'short squeeze daredevils' and foreign speculative capital that came attracted by the smell of blood.
"Wh...what the hell?!" Qin Han nearly flipped the table. "We deliberately detonated the battery?! Are we crazy?!"
"Ahem, the rumor is that we knew in advance that the battery was faulty and beyond repair, so we decided to use this to our advantage and make some money to make up for the losses."
As you know, whenever something big happens, conspiracy theories fly everywhere.
Those short-squeeze funds have almost lost everything, so they need to find a scapegoat, and naturally, the blame has fallen on us.
That makes sense.
Putting yourself in Qin Han's shoes, if he were the one who was tricked like that, he would also suspect that someone was behind it all.
"By the way, Director, the Japanese Kintetsu Group has also gotten involved in this wave of overseas speculative capital."
"Kintetsu?" Qin Han raised an eyebrow.
"It's the company that built that Osaka ' Abeno Harukas '."
Kintetsu Group was overwhelmed by JR Group in its core railway business and could only desperately try to transform into real estate, hotels, and retail.
But as you know, Japan's real estate market is nothing like ours; it's stagnant.
So they got smarter and started engaging in 'yen carry trades,' going wherever there was profit to be made, grabbing a quick buck and running—typical speculators.
"So, they were also involved in the short squeeze this time?"
"That's right. They were charging in with that group of'suicide squads' when the stock price suddenly plummeted to its daily limit. They didn't even have time to run and lost a lot of money. Now they're cursing and swearing."
Qin Han was completely bewildered upon hearing this.
Whether Kintetsu makes a profit or a loss is none of his business.
What is Wang Ming up to?
" Director, Fang Huan Investment recently sent a business request to our Jiangjin Group," Wang Ming said, changing the subject.
" Fang Huan? What are they planning to do now?"
"They want us to sell all the short-term bonds of Kintetsu Group that we hold to them."
"...?" Qin Han's heart skipped a beat, and his eyelids twitched almost imperceptibly.
Let Jiangjin Group sell Japanese company bonds to them?
What is Fang Huan Investment trying to do?
Wang Ming explained:
"The fund products that our asset management department buys have different styles."
Japanese corporate bonds have low interest rates and low risk, making them a stable investment, but the returns are not very attractive.
Actually, nobody really likes this thing.
"So, these Japanese corporate bonds are worthless?" Qin Han pointed out incisively.
"It used to be okay, but after so many years of Abenomics, zero interest rates have almost become the norm. Now, fewer and fewer people want it."
We had planned to find an opportunity to dispose of it, but we haven't been able to find a suitable buyer yet.
The implication is that this is a pile of "non-performing assets" that are currently sitting on the stockpile.
But now, these "good Samaritans" from Fang Huan Investment are actually stepping forward to take over all of these "non-performing assets"?