I'm in the county town, and you say I'm a big shot?

Chapter 355 Invited for Tea

"Go ahead," Fang Qingye said, her eyes fixed on the lush green lotus leaves not far away.

Zhu Yi's voice echoed in my ears:

"First, that reporter named Ding Haibin did this deliberately, most likely under the instruction of someone or an institution shorting the RU1107 contract, with the aim of driving down its price," Zhu Yi said.

"Very likely? Then they didn't find Ding Haibin either?" Fang Qingye keenly sensed the meaning in the conversation and asked further.

"Yes, the phone was switched off when we called, and we went to the workplace to find out that the person hadn't come to work."

"Okay, continue."

"Secondly, they are preparing to send a lawyer's letter to Sina.com. Of course, this is only the first step. They will decide what to do next based on Sina.com's attitude. I hope you can do the same to prove your innocence."

"I know, I've already written it," Fang Qingye said calmly.

"Third, they will use all means to track down the mastermind behind the scenes, hoping that you will not close your position for the time being, so as not to cause panic when prices fall, which would play right into their hands. They are doing the same thing."

"Okay, I agree."

"Heh Qingye, I didn't expect you to agree so readily. Lin Guangmao and the others were worried you wouldn't agree, so they asked me to persuade you." Zhu Yi laughed on the other end of the phone.

"Because I also want to know who the mastermind is, and I can't let him succeed," Fang Qingye said leisurely.

After finishing the call, Fang Qingye immediately called Shi Guangrong to tell Zhu Yi what had happened.

Shi Guangrong immediately said, "I guess Lin Guangmao and the others will keep their promise. My friend also called. The number of shares held in the accounts that Lin Guangmao and the others usually use hasn't changed. I was just about to call you when you called."

"Okay, that's it."

"There's one more thing. I estimate that the Shanghai Futures Exchange or the Shanghai Securities Regulatory Bureau will contact you to inquire about the situation. Be prepared."

"I know."

This is the China Securities Regulatory Commission's (CSRC) working procedure. It collects clues about insider trading through daily supervision, reports and complaints, media reports, and other means. It conducts preliminary verification of the collected clues and analyzes and judges whether insider trading has occurred.

Accepting an investigation is only part of the preliminary verification; further investigation will only be initiated if necessary.

Just one day later, Fang Qingye received an email from the China Securities Regulatory Commission (CSRC) and a phone call from a staff member named Ma Ming from the Shanghai Securities Regulatory Commission's (Shanghai) Investigation Division. He was asked to submit a written report to the Shanghai Securities Regulatory Commission within three days detailing his investment in the Shanghai Rubber RU1107 contract, or to personally go to the Shanghai Securities Regulatory Commission for consultation and investigation.

"I'll come tomorrow afternoon. I also have some business to take care of in Shanghai," Fang Qingye said.

During this period, Fang Qingye sent her lawyer's letter to Sina.com and explained the matter on her newly opened Weibo account.

A lawyer's letter is just for show. If you really want to sue the other party for defamation, you should report it to the police!

But this is a gesture, and the proper gesture must be made. We should observe the other party's reaction before making any further plans.

In addition to Fang Qingye, Lin Guangmao and others also sent a lawyer's letter to Sina.com and made the matter public on their respective Weibo accounts, demanding that Sina.com and Ding Haibin himself issue a public apology in the newspaper to eliminate its impact.

The tone was very forceful.

The market is in turmoil.

Some believe it, some doubt it, and this is reflected in the continued increase in trading volume and steady price rise of the Shanghai rubber RU1107 contract.

This morning, it was raining. Fang Qingye was driving on the highway to Shanghai when Shi Guangrong's voice came through her Bluetooth headset.

"As far as I know, Lin Guangmao and his group are using all their connections to find the person behind Ding Haibin, but they have no leads yet."

Ding Haibin's phone has been switched off and he has disappeared without a trace. Lin Guangmao and the others are now searching for the mastermind behind it all.

"Are there more institutions and individuals shorting the market?" Fang Qingye asked.

"Yes, some of them are private equity funds, and these institutions are the main suspects, but we cannot be sure who is behind this at the moment," Shi Guangrong said on the phone.

This problem does exist.

The Shanghai rubber market is much larger than the Zhengzhou cotton market, and many institutions and individuals are involved in the speculation. It is not easy to find the mastermind behind the scenes by looking at changes in holdings in a short period of time.

"Alright, let's not talk about that. When did the futures regulatory department notify you to accept consultations?" Fang Qingye changed the subject.

"Hehe, I haven't been notified yet."

"Hey? Why did you notify me but not you? Your investment in Shanghai rubber futures speculation is almost the same as mine!" Fang Qingye couldn't help but complain. "Haha, you're the big boss, I'm just a small fry, they can't take care of me for now," Shi Guangrong laughed on the other end of the phone.

shit
Fang Qingye was speechless.

"Alright, I won't bother you while you're driving. After we finish our business in Shanghai, we'll go fishing." Shi Guangrong seemed quite relaxed.

"No problem, I brought all my fishing gear."

"Okay then"

Fang Qingye arrived in Shanghai around 10 a.m. and stayed at the Ritz-Carlton Hotel again. After having lunch and resting for a while, she drove to the China Securities Regulatory Commission around 2 p.m.

He originally wanted to call his classmate Liu Shuai, but then thought better of it.

Let's talk about it after we've finished dealing with this.

Upon arriving at the China Securities Regulatory Commission (CSRC), he was met by a man surnamed Liu who identified himself as the deputy captain of the Shanghai branch of the CSRC's investigation team. There was also a young man surnamed Ma, who was the one who had called Fang Qingye.

Captain Liu, who was in his early forties, was quite polite. In an office, he inquired in detail about the entire process of the man's investment in the Shanghai rubber futures market, while another, slightly younger staff member took meeting notes.

Fang Qingye didn't hide anything and explained his purchase of the Shanghai rubber RU1107 contract.

"Mr. Fang, do you know Lin Guangmao, Fu Haitang, and Ye Qingjun?" Captain Liu suddenly asked.

"We know each other, we've met once."

Fang Qingye then recounted the events of last year when she attended a cocktail party organized by Ye Qingjun at the Securities Association Club.

“I only met them once, and I haven’t been in contact with them since. You can investigate,” Fang Qingye said.

Captain Liu nodded for a moment, then suddenly said, "You said you got into the party through Shi Guangrong, and you're very familiar with Shi Guangrong?"

"Yes, he bought orchids from my nursery, and that's how we met. Besides exchanging ideas about running the nursery, we also invested in futures trading together—but given our combined capital and trading methods, it wouldn't be considered market manipulation, would it?"

“Mr. Fang, I never said you manipulated the market,” Captain Liu laughed.

"Yes, you didn't say that, but I want to make my personal opinion clear."

"So, according to you, your investment in the Shanghai rubber RU1107 contract is entirely compliant?"

“Yes, you can continue your investigation,” Fang Qingye said.

"Thank you for your cooperation. If necessary, we may conduct further written or on-site inquiries with you."

Upon hearing Captain Liu say this, Fang Qingye knew that today's meeting and conversation had come to an end.

As Fang Qingye left the China Securities Regulatory Commission building, he felt completely relaxed. To be honest, he wasn't worried about anything at all.

If I haven't violated any rules, what's there to be afraid of?

The law does not prohibit speculation in the futures market.

After leaving the building and getting into her car, Fang Qingye's phone rang. She took it out and saw that it was Liu Shuai calling.

Then I answered the phone.

"Aoba, is the investigation over?"

"Huh? How did you know?" Fang Qingye asked back.

“Li Lei sent me a text message after she saw you leave the China Securities Regulatory Commission building,” Liu Shuai explained.

It turned out to be the case.

Li Lei is Liu Shuai's girlfriend, but Fang Qingye did not see her at the China Securities Regulatory Commission building.

How about we have dinner together tonight?

“Okay, but this time it’s on me.” Fang Qingye readily agreed.

(End of this chapter)