Volume One, Chapter 20: The Chen Family's Scheme in the Imperial Capital
Chen Hao was determined to commit financial suicide. With three billion yuan gone up in smoke, he could continue gambling, throwing the remaining two billion into the black hole of the stock market. He could complete his task of spending one hundred billion within three months ahead of schedule.
Chen Hao smiled and said, “Just do as I say.”
Liu Lili timidly replied, “Boss, three billion is already astronomical. There’s no need to use leverage at all. If we lose, even if we call upon our ancestors eight generations back, we couldn’t possibly cover the losses.”
Chen Hao laughed, “Who said you have to bear the losses? Even if it’s all lost, I don’t care. Once it’s gone, I’ll give you another few billion to keep playing.”
Liu Lili and Qin Yuzhen stared at Chen Hao in disbelief. They thought they must have heard wrong. They didn’t know if their boss was crazy or if the world itself had gone mad.
Liu Lili opened her computer and said, “Boss, then please choose the stocks.”
To be honest, both Liu Lili and Qin Yuzhen felt this was no ordinary matter.
They had only heard of three billion in passing; to actually use it for stock speculation felt like a fantasy. Even more so, to leverage it tenfold—that would be thirty billion.
They wanted the boss to pick the stocks himself and follow his instructions, otherwise, they simply couldn’t handle it.
Chen Hao had bought stocks before. Naturally, he could pick stocks. But he didn’t even bother to look; he chose randomly. He counted and had already picked more than twenty stocks.
He said, “Buy these. Go all in, with ten times leverage. This is what I call burning your boats.”
Liu Lili and Qin Yuzhen were speechless. This was “burning your boats”? It was more like courting death. Usually, stock picking involved analyzing fundamentals, technicals, capital flow, aligning with national industrial policies, and reading company reports. But their boss chose stocks as if playing house—so casual.
Finally, Chen Hao said, “Your monthly salary is thirty thousand. Based on performance, I’ll give you bonuses. One thing you must remember: I won’t sell any stock unless its price rises two or three times.”
Liu Lili and Qin Yuzhen were stunned. A 200-300% increase? It sounded like a joke, but they dared not speak up.
“Go on with your work. I need to rest.”
Liu Lili and Qin Yuzhen followed Liu Mengjie to the corridor outside. Liu Lili asked, “Mengjie, is our boss out of his mind?”
Liu Mengjie frowned at the accusation. “Don’t talk nonsense. Just do as the boss says. If we lose, it’s not your fault.”
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Liu Lili shook her head, “Our boss is deliberately trying to lose all these three billion. Ten times leverage means it’s easy to be margin called. Doesn’t he know that?”
Liu Mengjie, growing impatient, said, “Just execute. Don’t overthink. The boss has his own plans. Masters duel beyond our comprehension. If it loses, it’s not your fault.”
Liu Lili and Qin Yuzhen exchanged glances, doubts in their hearts, but they had no choice but to grit their teeth and proceed. After all, they couldn’t change the boss’s decisions.
Little did they know, Chen Hao was deliberately burning through this three billion.
He initially wanted to put the remaining five billion into the market, but considering the huge sum, leveraging it might trigger market turbulence. Without leverage, the losses wouldn’t be as severe.
So he thought it through carefully. Three billion was already the limit.
With ten times leverage, if the stock dropped by just ten percent, the position would be liquidated, and funds instantly vaporized.
The bulk was already spent, and Chen Hao felt relieved. Spending one hundred billion in three months was no problem. When the other party gave him a hundred billion, that would truly be his money—he could spend it whenever and however he wished.
A sly smile tugged at the corner of Chen Hao’s lips.
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The Chen family, the top lineage of the capital.
The family patriarch sat in a rosewood chair, his gaze deep as he looked at a middle-aged man before him. “What is the situation? Tell me truthfully.”
The man replied respectfully, “Chairman, in just a few days, Chen Hao has spent over seventy billion.”
The old man was shocked, furrowing his brow. In a low voice, he demanded, “Awei, say that again. What exactly happened? Did he spend it himself? How is that possible?”
The string of questions made Awei nervous.
This was the patriarch whose presence alone caused tremors among the great families of the capital, yet he was visibly unsettled.
Awei took a deep breath and reported in detail Chen Hao’s investment strategy and the flow of funds.
The patriarch’s fury erupted, “Useless! An absolute waste, a dog’s shit that won’t stick to the wall.”
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Seeing the old man angry, Awei trembled and explained, “Sir, I can’t understand it either. He took over the nearly bankrupt Kyoto Grand Hotel, promoted the beautiful PR manager to general manager, who became his lover—I can understand that. But spending ten billion to buy up the unfinished buildings in the Bay New District—that’s deliberate.”
The old man slammed the table, eyes blazing with anger. “Unfinished buildings? He dares to waste money on purpose? This boy is a complete fool.”
Awei continued, “Three billion invested in tungsten mines will surely go down the drain. He’s just trying to win the favor of the CEO, He Yuting. But investing three billion in stocks with ten times leverage, refusing to sell unless prices triple—he’s deliberately burning that money.”
The old man cursed, “What’s worse is spending a million just to sleep with a young streamer. Does he lack women so much?”
Awei lowered his voice, “Sir, he did it only to spite the Zhao family for humiliating him. And that streamer is quite pretty, only eighteen…”
The old man angrily slammed his teacup on the table, muttering something inaudible. Awei startled, unable to catch the words clearly.
Carefully, Awei added, “Sir, Chen Hao only has a little over two billion left. Should we terminate the plan?”
The old man paused, a ruthless gleam shining in his eyes. Coldly, he said, “Over seventy billion has already been thrown away. Do I still care about the remaining two billion? Besides, you promised him it was his money to spend as he wished. He hasn’t violated any agreement. On what grounds would you terminate the plan? Let him continue spending. This is the only consolation for Qiushui. But if Qiushui’s spirit were watching, what would she think of her precious son turned into such a plaything?”
With a long sigh, the old man’s gaze grew complicated—both furious and helpless.
Awei timidly said, “Sir, I wonder how the Nangong family will respond? Madam Nangong is stubborn; she only acknowledges the eldest young master.”
The old man scratched his head, looking helpless. “The Nangong family will handle it quietly, making sure not to anger Madam Nangong. No one dares provoke that woman. I imagine Miss Nangong Chuchu looks down on such a waste.”
Awei nodded, thinking to himself: Nangong Chuchu is proud and cold, viewing everything with disdain. She would certainly have no regard for a spendthrift like Chen Hao.
“Sir, there’s one more thing…”
“Speak.”
The old man’s tone was displeased.