Chapter 66: What If Shengxin Went Bankrupt?

Three points for unreasonable arguments. Most of Shengxin's clients who bought Yunfeng Technology were guided by platform recommendations; even those who failed to take profits last week or bought again this morning followed those suggestions. At the beginning of the month, there was a massive crash, and now, on Monday afternoon in the middle of the month, it happens again—deadly.

...

"Damn, do you even know how to provide guidance?"

"When you were guiding us before, we could make profits from time to time. But since the start of the month, have we earned anything? Even if we gained a little, the losses quickly ate it all up. Damn it!"

"Is it that I'm too easy-going, or are you all trying to take advantage of me? Again and again, damn it!"

Jiang Hao, Zheng Peng, and the other trading supervisors wore gloomy expressions as they endured clients' curses. Even after hanging up politely, another call would come immediately.

It was like being cursed as bastards—utterly miserable.

Chang Song was a little better off; though he was also scolded, the number was fewer. Most clients who chased the rise and bought Yunfeng Technology last Friday took profits and left. Only a few held on, so it couldn't really be blamed on Chang Song.

Besides, Chang Song hadn't recommended Yunfeng Technology to clients today. Even when clients called wanting to buy, he advised them to wait or buy less.

"Director You, we can't calm them down anymore," Jiang Hao said bitterly. "If Yunfeng Technology continues to fall tomorrow, there will be another explosion."

Clients had already erupted once over losses at the start of the month. If it happens again within half a month, what's the point of being a trading supervisor?

It's good to recommend stocks independently, but when losses hit, you have no excuse and must bear all the pressure. It's unbearable.

It was better when Zhang Long was around; you just followed orders on stock recommendations, and if something went wrong, someone else took the fall.

"Even if you can't calm them, you must try," Director You frowned and snorted coldly. "Clients who failed to take profits last week and got trapped today deserve it. As for those who bought again today, it's just bad luck. As long as risk control is fine, there's no issue. If clients want to make trouble again, do they think Shengxin has no temper? Gains and losses in the stock market are normal."

"If they make a fuss, why bother investing if they can't accept losses? The stock market isn't a charity. Keep soothing them."

...

"One hundred sixty thousand, received!"

In the stockholders' chat group, Windy was wailing in frustration, Shengxin's clients were cursing over the phone, while Zhang Long was at home leisurely counting his money—his October salary had arrived.

His September salary jumped to 3.54 million, but he withdrew 3 million to invest in the stock market.

His October performance has been leading; the weekly and monthly bonuses haven't even been spent yet. The latest deposit includes commission from his own client guidance and profit shares from the Blizzard team. After all tax deductions, it's about 160,000 yuan—not bad.

His card balance now totals 700,000 yuan!

...

"I can hold out a while longer with this cash..." Zhang Long smacked his lips. In two months at Shengxin, he earned over 30,000 just in cash awards, aside from paying for driving school and daily expenses—not to mention buying a branded desktop computer. He really hasn't spent much.

With 4.5 million in the stock market, 700,000 in his card, and about 10,000 in cash, that's all his assets.

"Quite a fortune," Zhang Long's eyes narrowed.

The funds in the stock market must keep working and earning; he aims to double the initial 3 million to 6 million by the end of the month. It's difficult but not impossible.

The 700,000 in his card will be enough to buy a reasonably priced car after he gets his license.

A luxury car can wait; at least, he should buy a house first before considering one—it would be more fitting.

There's no point in driving a luxury car to art schools or nightclubs to pick up girls, so spending a million or several million now just to show off is meaningless.

"Bzz, bzz-bzz~"

His phone suddenly vibrated. Zhang Long snapped out of his thoughts and looked down; his gaze sharpened. Well, well, that's interesting.

Shengxin blew up again? Serves them right!

...

"Director Qian, the situation is still manageable."

At Hongze Financial, even though some clients chased Yunfeng Technology, overall things were under control. Cai Ying had always focused on risk management and didn't let clients buy too much.

Most clients exited last Friday. If you have profits and don't run, holding over the weekend—are you brainless?

As for those who bought again this morning—sorry, but since Yunfeng Technology had already risen over 40%, she advised them not to buy much, so no major losses occurred.

Their situation was far better than Shengxin's.

"Thank you, Qin!"

At HSBC Financial, a grateful client called Qin Miaotong, his tone both anxious and appreciative. If the advisor hadn't stopped him this morning, he would've rushed in, only to become the latest victim. Now, he felt lucky.

"Brother Zhou, you're too polite," Qin Miaotong replied lightly. "I was just being cautious. The price had already risen quite a bit, chasing it would be dangerous. Thankfully, my judgment was correct. Let's learn from this experience."

The client nodded in agreement.

"Gu, thank you."

At UBS Financial, another client called Gu Su to thank her. "Luckily, I didn't buy too much—just invested last Friday's profits. So, it's like giving back to the market. Thanks! If you hadn't stopped me, I'd have suffered a huge loss this time. Don't worry, Wang will remember this."

"If you need to push performance at the end of the month, just let me know. I can support you with a hundred thousand or so."

...

"Ah, thank you, Wang!"

Gu Su's charming eyes curved into crescent moons. She was the most relaxed in her department; every call was a thank you, while other trading managers had to endure clients' curses.

She had to admit, it felt pretty good.

Everyone else was muddled, but she alone was clear-headed—so comfortable.

Oh, right—she should find a chance to thank Brother Long properly. Should she invite him out to dinner at the mall or at home? Ah, that's too far ahead—better to start with a company lunch.

...

"Director You? It's good their game crashed."

At his home on the Bund, Zhang Long didn't reply to Liang Xue's messages; he just needed to know Shengxin was blowing up again. Especially since his former clients had gone from deep losses to recovering most of their capital, only to lose again—now they'd woken up.

The platform matters, but a competent trading advisor is even more important—not only providing stock recommendations and analysis, but also preparing risk controls in advance and planning ahead.

If all you do is push clients to buy, spouting dry words about risk control, you'll fall apart when a big crash hits.

Ten small profits can't make up for one big crash.

With Director You and Deputy Manager Guan in charge, if Shengxin doesn't collapse, it would insult their intelligence—so it's better that they crash and go bankrupt sooner.

After this second massive crash with Yunfeng Technology, client trust is once again wiped out, even turning negative.

Restoring it won't be easy.

There won't need to be a third crash—this one is enough for Shengxin to drink a bitter cup. From now on, client deposits and trading volume, as well as new client acquisition?

Forget about performance.

"And as for waiting for a bull market?"

From his balcony, Zhang Long gazed toward Shengxin. Unless something unexpected happens, the bull market won't start until next summer, the year after. If Shengxin can survive until May Day after the New Year, that's impressive—no matter how much reserve they have, it won't last.

So, barring surprises, Shengxin will restart its layoff plans at the end of this month, cutting at least two or three teams from the investment department, with other departments following suit.

Otherwise, they won't even make it to Lunar New Year in February.

"Sigh, too bad I don't have enough money."

A flash of excitement crossed Zhang Long's eyes; a few million isn't enough to start a company, especially without a financial license. But now, he seems to see a glimmer of hope—if Shengxin goes bankrupt, what about their license?

Amitabha, how much would it cost to buy?

Taking down his old employer—looks possible!