The Birth of Shanghai's First Conglomerate

In this society, although there is a publicly available Forbes list that lists the wealth of various entrepreneurs.

But those in the know understand that the truly top-tier figures often remain hidden underwater.

Take Li Ka-shing from Hong Kong, for example, who was the richest man in China for more than a decade.

The assets on the list are only a little over 200 billion.

Anyone who has spent more time in Hong Kong will realize that these two hundred billion dollars are a complete insult to Li Ka-shing.

The cash assets he left to one of his sons far exceeded this figure.

It could even be as high as one or two times.

Take Yan Qihua, for example; his family's business never goes public.

Outsiders could never imagine how much wealth his family actually possessed, yet he controlled the world's largest construction group and was known as one of the three wealthiest hidden families in the country.

His actual strength far exceeds what most people imagine.

Huang Zhongshi was like a mute eating bitter herbs, unable to express his bitterness. He could only direct his anger at Qin Xian, the accountant who had defected. If it weren't for Qin Xian's assertive claim that he had access to crucial financial crime data of the Tengying Group, he would have been in serious trouble.

I wouldn't jump out and do this myself.

Qin Xian was thirty-five or thirty-six years old, and he did not regret his betrayal of Tengying Group much.

However, he also knew that once Tengying Group resolved its crisis and was free to deal with the situation, he would be the first to suffer.

He didn't have much of a temper after being scolded by Huang Zhongshi.

But after he got home, his girlfriend played hide-and-seek with him just like before.

Looking at her clothes again, it's clear that she's now carrying an LV bag.

"Honey, look at this bag, isn't it pretty?"

His girlfriend was showing off her newly bought designer handbag, while Qin Xian looked exhausted.

To be honest, his income at Tencent Group was quite good back then.

They can definitely make three to five hundred thousand a year.

Even with this little money, his girlfriend couldn't resist buying him all sorts of things.

Upon hearing that he had the opportunity to receive two million in cash and a high salary of one million, they were immediately impressed.

His girlfriend immediately urged him to switch jobs; people die for money, birds die for food.

There's no morality to speak of.

Qin Xian said urgently, "Go home and stay for a while. I have to go on a business trip abroad."

"So sudden?"

The girlfriend looked puzzled, and soon the business investigation team arrived.

Qin Xian's eyes were filled with panic. He worked in finance, so how could he not know what crime he had committed?

He just didn't expect the other party to arrive so quickly, not even giving him a chance to escape abroad.

Almost everything Qin Xian owns will be considered illegal income, as for the gifts he bought for his girlfriend.

It all depends on whether the other party pursues them or not.

……

Tengying Group, headquarters building.

During this period, the entire Tengying Group can be said to have been in a state of high tension.

The finance and legal departments, in particular, have been plagued by a series of lawsuits.

But now, it's finally all over.

Zhang San, the madman from the Ministry of Justice, asked, "Boss, Qin Xian has been arrested. Do you want him to be sentenced to five years or more?"

"The law is fair and just. You shouldn't be asking me this question. You should be asking him about the huge economic damage he caused to those retail investors, and whether there are options for more than twenty years!" Chen Pingsheng said calmly.

Zhang San, wearing glasses, gave a forced smile. "If the boss wants it, then of course he can have it. However, Qin Xian has spent most of his ill-gotten gains on his little girlfriend. If we want to pursue her, we can send her in too."

"Okay, then go and do it!"

The reckoning has begun, and Yan Qihua, with his deep-rooted influence, cannot be crushed in a short time.

Xu's belt is a super time bomb; trying to blow him up could easily hurt yourself as well.

Both of them are currently unable to act, and Qin Xian, who caused all of this, and Huayi, whose stock price is now less than 40 billion, must bear the consequences.

Zhang San turned around and went to work. With such a large group, the legal department was naturally incredibly strong.

Sending two nobodys in would be a very simple thing.

Chen Pingsheng didn't care about Qin Xian's life or death at all; the outcome was predetermined from the moment Qin Xian dared to report him.

Did he think he could get away with it by running abroad? He's completely overthinking it. The key is that he didn't actually escape.

As for the Chinese translation, even a centipede that has died does not fall down.

Although the stock price has fallen below 40 billion, it has also lost three top female celebrities.

There was still a breath left in him.

Next comes the crucial moment when he will acquire Huayi, which will also solidify Tencent Film & Television as the number one film and television company in the industry.

Chen Pingsheng learned from Tong Zhelan that Huayi had two large mortgage loans that would expire in less than two months.

The assets he mortgaged were actually the headquarters building of Huayi Translation Group and his own several super villas.

If you can't repay this money when it's due, the bank won't show any mercy.

It will proceed directly to the judicial auction process.

If Huayi had just stayed put and not bothered him, with its market value of hundreds of billions, he would have been fine.

There will be absolutely no problem with the repayment schedule for the two mortgage loans totaling over 2 billion yuan.

Now, the trouble is undoubtedly much bigger.

Chen Pingsheng instructed Zhang Wanyi to release a press release, announcing ahead of time that Huayi Finance was facing a major financial crisis.

After losing the 500 million yuan TV series "Fan Haomen", Huayi's quarterly financial report this year will inevitably show a large loss.

Besides, wasn't he trying to recoup his losses with that big movie?
Chen Pingsheng then instructed Bai Xin in Beijing to arrange for someone to file a formal complaint against the male lead in that big movie, alleging that he was involved in prostitution.

The big movie's release date is already set, and tens of millions of dollars have already been spent on promotion.

At such a crucial juncture, the male protagonist ran into trouble.

The Chaoyang residents report them every time, and it's always accurate.

The film's release date has been forced to be postponed.

Huang Zhongshi, who translated the Chinese version, was so angry that he started cursing.

"That damn Chen Pingsheng, what does he mean by kicking me while I'm down?"

No wonder he was so angry. Tencent Pictures Group issued a press release announcing that Huayi Films was facing a major financial crisis.

It's obvious they're cutting off his financing options for this period of time.

Furthermore, reporting the male lead in the big-budget movie, preventing its release, shows an even more sinister motive.

The loss of the 500 million yuan investment in the drama "Fan Haomen" has already caused investors to have a great deal of dissatisfaction with him.

Now, even the only major project we've had recently has been prevented from being released due to the influence of Tencent Pictures.

The mortgage loan is due in less than two months.

He insisted on finding a solution no matter what.

It's obvious that Tengying Group is deliberately trying to shut him down at this crucial juncture.

Once news broke that Huayi was unable to repay its mortgage of over two billion yuan, its group headquarters building was forced to be auctioned off.

That blow to Huayi's stock price was like a bolt from the blue.

Huang Zhongshi sneered; Chen Pingsheng had certainly played his cards right.

Unfortunately, he forgot one thing.

The entertainment industry is never short of beautiful women, and at a certain party, a big shot took a fancy to one of their leading actresses.

I hadn't planned to give this young woman away, but now I'm forced into it.

That very night, Huang Zhongshi began contacting the business tycoon whose net worth was in the billions.

He attempted to offer his youngest daughter as a bribe in exchange for a life-saving sum of money.

Unfortunately, Huang Zhongshi's plan was ultimately thwarted by Tencent Group.

Tencent Video published a report the following day.

They publicly condemned the money-for-sex transactions in the entertainment industry.

This subtly suggests that Huayi Finance is facing a major financial crisis, and anyone would dare to lend him money at this time.

This is something everyone should pay attention to.

It's almost as if they're explicitly calling out Huang Zhongshi's despicable tactic of using his female artists to gain capital.

Since Chen Pingsheng has chosen to kick a man when he's down, he won't give him any chance to recover.

They will be surrounded and intercepted along the way, pressing forward relentlessly.

(End of this chapter)