Chapter 84 Too scary
Qin Xuan called Liu Xiaoli again, saying that someone in her family worked at a bank.
So he wanted to deposit the money in her relative's bank as a guarantee, and have her relative issue him a guarantee of five times the amount.
Qin Xuan told Liu Xiaoli about this over the phone and wanted to arrange a face-to-face meeting with her.
"You child..." Liu Xiaoli didn't know what to say. This boy was really too bold, even using leverage to borrow money.
If they short again, they will definitely leverage their positions again. Even a slight fluctuation could wipe out their principal instantly and leave them with a mountain of debt.
She could guess what the boy was going to do.
"I'm currently in the US with Sissi promoting our movie. It will take at least half a month. After that, we'll be going to Taiwan and Japan, so we won't be able to go back for at least a month."
"Can you help me?" Qin Xuan asked tentatively.
Liu Xiaoli was silent for a while on the phone before saying, "Are you really going to do this?"
"Yes, I am very confident about it," Qin Xuan said firmly.
"Let me tell you again, the person who works at the bank is my younger brother, who is also Xixi's uncle. This is a big deal, and my brother might also be held responsible," Liu Xiaoli explained to him.
It's not something that can be done just because you think you can; it involves a lot of risks and personal relationships.
“I know, Auntie, I’ll give you a 10% commission.” Qin Xuan understood the risks involved.
If he fails to repay on time, Liu Xiaoli's brother may be held accountable and punished, possibly even dismissed. He is gambling with someone else's career.
But 10% is a very high percentage; most financial institutions only offer 1% at most. If Qin Xuan can earn 100 million US dollars, it's equivalent to giving Liu Xiaoli 10 million US dollars.
"Let's not talk about how much to split right now. What I'm telling you is that I can help you, but if my brother disagrees, don't blame me. Don't say that your aunt didn't help or anything." Liu Xiaoli first outlined the responsibilities to avoid turning into enemies later on.
Such conflicts of interest are most likely to create enmity, which is why Liu Xiaoli wanted to give Qin Xuan a larger share in the first place.
"I understand. If we can't leverage it, then forget it. It's not your fault," Qin Xuan said understandingly.
“I know you’re a reasonable child.”
Liu Xiaoli always thought Qin Xuan was a kind person, after all, the two had collaborated twice, once on investing in a movie and once on gold trading.
She paused for a moment, then continued, "Let me tell you about this matter you mentioned. It's impossible to leverage it to five times. That's reserved for state-owned enterprises. Three times is reserved for listed companies. At most, I can get you two to three times."
Cai Mei was not as professional as Liu Xiaoli. Cai Mei only knew about this matter, but Liu Xiaoli knew the more detailed reasons behind it.
"Twice is fine too," Qin Xuan estimated.
Double that's six million dollars, triple that's nine million dollars. If you leverage it further on short selling, it can take off immediately if successful!
"Now that you know everything, just wait for my news. This matter can't be resolved in a day or two, so you're not in a hurry, are you?" Liu Xiaoli asked.
"No rush, it'll be fine as long as it's done in April."
"April should be fine, as long as you can deposit the security deposit in place," Liu Xiaoli thought for a moment.
"Then I'll trouble you." Qin Xuan thanked him.
You still need your mother-in-law to make money; she not only has a wide network of connections but also understands finance.
"It's no trouble at all. I just acted as a middleman. But I still advise you to be cautious in everything you do." Liu Xiaoli had to advise him to be steady, it was a bit too scary, she was afraid he would fall.
If you fall even once, it's game over; there's absolutely no chance of recovery.
"I know, I won't do it again after this financial crisis," Qin Xuan assured him.
He originally only planned to do it this once.
"Okay, that's all for now. Wait for my news." Liu Xiaoli wasn't sure if he was telling the truth. After hanging up, Liu Yifei leaned closer: "Was that Qin Xuan calling?"
"Yes, that boy was too scary, my heart couldn't take it." Liu Xiaoli patted her chest.
"What's wrong?" Liu Yifei blinked her confused almond-shaped eyes.
"He has a sum of money, three million dollars, I guess. To get six million dollars, he'd need to use leverage even if he borrowed money. I reckon he'd need to use leverage many times over to short sell. A little bit of that would be tens of millions of dollars. Can your mother's heart handle that?"
Liu Xiaoli shook her head and sighed.
I don't know if helping that boy was the right thing to do or the wrong thing.
"That's scary?" Liu Yifei stared with her almond-shaped eyes.
Liu Xiaoli nodded without saying anything more. She needed to process this and figure out how to communicate with her brother.
Liu Yifei's rosy lips were slightly parted, and there was a hint of worry in her eyes as she thought about what Qin Xuan had done.
Qin Xuan had made some arrangements and was preparing to set off for Guizhou when Wu Rui happened to be on weekend off.
He handed Qin Xuan a printed English booklet.
"Cousin, all 160,000+ words have been translated. You can check them." Wu Rui seemed very proud and accomplished.
Qin Xuan took it and flipped through it with an air of seriousness. In fact, he couldn't understand it at all; it was like reading a book written in heaven. But he still pretended to encourage him: "Very good. The sentences are fairly fluent. It would be even better if you polished it a bit."
Wu Rui brought his youthful face close to Qin Xuan's: "Can you read English?"
"I can understand it, this is A, this is B."
"Damn it, cousin, are you kidding me?!" Wu Rui was utterly speechless.
Qin Xuan smiled; he was just joking. Then he took out his car keys and waved them in front of him: "Four rings, do you recognize them?"
"Holy crap, an Audi!" Wu Rui exclaimed excitedly.
Before he could even get excited for a few seconds, his mother snatched the car keys away, saying with a stern face, "We'll talk about it after you get into university."
Wu Rui deflated like a punctured balloon, his excitement vanishing instantly.
"It's okay, just study hard. When you get into university, I'll buy you an apartment. Your mom can't take that away from you." Qin Xuan patted his head.
Anyway, it's just this one family living here.
"Really!" Wu Rui's eyes lit up again.
"Really, if you graduate from a 985 university, I'll buy you a villa; if you graduate from a 211 university, I'll buy you a large apartment. That's all. People who don't work hard don't deserve a house." Qin Xuan tempted him step by step.
"Yes! Watch closely." Wu Rui clenched his fist, his fighting spirit rekindled.
Actually, his grades are good; he just needs to put in the effort. The problem is if he doesn't put in the effort or doesn't want to study, then there's nothing that can be done.
Seeing her son run away, Cai Mei felt a mix of helplessness and emotion: "You spoil him too much."
"This isn't spoiling him, it's appropriate encouragement, making him feel that his efforts will be rewarded in a tangible way. That's what gives him motivation. You can't force him to do it," Qin Xuan said.
Cai Mei nodded, also realizing that her previous parenting methods had been problematic. She handed the key to Qin Xuan and said, "You can continue using this. How can someone so small drive?"
"I don't need it for now, I have to go filming, you can take it and drive it!"
Qin Xuan then instructed Cai Mei to deposit the money into a designated bank in Jiangcheng, which was Liu Xiaoli's brother's bank, before heading to Guizhou with Wu Guoqiang.
(End of this chapter)
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