Returning to his senior year of high school, he went all in and made billions by buying at the botto
Chapter 311 The Lu Family's Struggle
When Han Jingzhi's vehicle drove out of the western suburbs.
A dozen kilometers away from Taichu Capital, another turmoil that had lasted for several days was finally coming to an end.
The curtains were drawn in the study of the Lu family's old house.
There were more than a dozen documents from different regions on the table.
The top one is a stock price chart of a conglomerate in Hong Kong.
Starting the day after Xu Xiang was taken away, the other party began to sell off stocks held by the Lu family's collateral relatives.
Two long-term partner overseas securities firms have simultaneously increased their margin requirements.
The group has just finalized a syndicated loan, but the lead bank has asked it to re-examine the ultimate beneficiary and related-party transactions.
In just three days, the stock price fell by more than 20%.
The second document came from the Shanghai Stock Exchange.
An equipment manufacturing company that has long been controlled by the Lu family business system was suddenly subjected to concentrated demands for payment from its suppliers.
The acquisition loan, which had already been approved by the credit committee, has been suspended.
The exchange has received several whistleblower letters concerning the authenticity of financial statements, related-party transactions, and land acquisition procedures.
Some of the reports used old materials that had already been investigated more than a decade ago.
The third one came from the southwest.
A resource group in which the Lu family has invested has undergone multiple rounds of inspections within two days, covering environmental protection, safety, taxation, and post-loan management by banks.
Everything happened in the same week.
Several smaller logistics, real estate, and financial services companies also faced short selling, loan withdrawals, and contract terminations from partners.
These companies do not belong directly to Lu Changming.
The previous generation of the Lu family had already separated their business assets from their political members.
The relevant shares are held by other family members, trusts and independent boards of directors. Lu Changming has never participated in the management and does not receive any benefits from it.
But to outsiders, they have always been part of the Lu family's business roots.
Cutting off these roots may not bring down the Lu family immediately, but it will make everyone who depends on them feel a chill.
People who were originally willing to speak out at critical moments will first consider whether their company can withstand the next round of inspections and attacks.
The other party's actions did not give the Lu family much time to react.
First, put pressure on commercial assets.
Then, they opened a breach through Xu Xiang and Taichu No. 4.
After Feng Kai's fall, the internal leaks from Taichu were directly packaged as the transfer of interests between domestic and foreign entities.
Immediately afterwards, the stocks heavily held by Taichu No. 2 were subject to concentrated selling.
If the net asset value falls below the reduction line, hundreds of billions of yuan of institutional funds will be forced to sell.
Lu Zhilan will bear the responsibility for choosing the wrong strategy advisor and allowing policy funds to take risks.
What will then be questioned is Lu Changming's long-term capital support plan for high-tech industries, which he has been promoting for many years.
Business, finance, human resources.
The three lines interlock.
If any part becomes loose, the pressure will be transmitted to the most critical area.
Lu Changming's father has been retired for many years.
The old man still holds prestige and retains some relationships he had built up over the years.
But he had long since stopped interfering in the family's specific decisions.
Now that Lu Changming has come this far, everyone in the Lu family knows very well that the future of this family rests on his shoulders alone.
He is currently at the most critical juncture in his career.
Furthermore, the resources that the Lu family has accumulated over the years in both the political and business spheres will be truly integrated, and they will also have enough time to promote the implementation of a whole generation of industrial policies.
If he stays where he is, the network of relationships that has formed around him over the past few years will gradually loosen.
Once forced to step down due to improper transfer of benefits and misjudgment in personnel selection, the influence that the Lu family has accumulated over the years will also face reckoning.
The other party chose the most accurate time.
The closed-door meeting cut off Lu Changming and Lu Zhilan's contact with the outside world.
After the two walked out of the conference area, Xu Xiang, Feng Kai, Tai Chu No. 4, Tai Chu No. 2, and Chuang Sheng had been connected into a complete line.
They even prepared the materials needed for each step in advance.
Lu Changming cannot call Chen Mo.
We cannot allow the Lu family's commercial companies to enter the market with their money.
He also cannot use his status to interfere with Lu Zhilan's verification.
Any action will become evidence that the other party has been waiting for.
Late at night a few days ago.
The main members of the Lu family once sat in this study for a full three hours.
Some advocate immediately severing all ties with the beginning.
The business group was instructed to issue a statement clarifying that the Lu family had no capital dealings with Chen Mo, Xingchen Technology, or Chuangsheng.
Some suggested that Lu Jingyi temporarily resign from her position at Chuangsheng and return after the turmoil subsided.
Some suggested that several industrial projects currently under review be postponed in exchange for concessions to get the other party to back down.
Several options can reduce the immediate risks.
The old man sitting at the desk remained silent.
His hair was completely white, and there was an ebony cane beside him.
After everyone had finished speaking, the old man looked only at Lu Changming.
"Changming, you're in charge now, so you make the decisions."
All eyes in the study turned to him.
Lu Changming closed the documents one by one.
"Jingyi will stay in Hong Kong."
"Chuangsheng's funds and the Lu family's funds will remain separate, and no one is allowed to contact her in the name of the family."
"All business groups underwent inspections following normal procedures."
"If the bank requests additional materials, we provide them; if the supplier requests early settlement, we handle it according to the contract."
"Listed companies shall truthfully disclose matters that are required to be disclosed."
A middle-aged man couldn't help but ask, "What if banks continue to cut credit lines?"
"Sell non-core assets to replenish cash."
"The stock price has already fallen by 20%, so selling assets at this point will only result in people trying to lower the price."
"We'll sell those too."
Lu Changming looked at him.
"Commercial losses can be recovered later. Anyone who dares to use connections they shouldn't at this time will drag the entire Lu family down with them."
The other person wanted to say something more, but ultimately shut their mouth.
"Where were the beginnings?"
"The other person asked."
"Are we really going to do nothing?"
"The problems of the beginning were solved by the beginning itself."
Lu Changming said.
"But no one is allowed to issue a statement distancing themselves from Chen Mo."
A slight commotion arose in the study.
"Changming, people outside are saying that it's because of Jingyi and Chen Mo's relationship that Zhilan made Taichu No. 2 adopt his strategy. If we don't cut ties now, people will just think we've tacitly agreed."
"The facts will not change just because we are in a hurry to protect ourselves."
Lu Changming spoke, silencing all the discussion.
"Why did Primordial II choose Chen Mo? There are complete review materials."
"How funds were managed, how strategies were authorized, and how risks were isolated were all recorded."
"Investigate if necessary."
"But before the results are in, the Lu family cannot, in order to protect themselves, confirm an accusation that has not yet been proven."
He looked around at everyone in the study.
"We can push Chen Mo out today."
"Tomorrow, everyone who cooperates with the Lu family will know that the Lu family can abandon those who stand by their side at any time."
"By then, even if we manage to keep a few companies and a few credit lines, no one will truly believe in us anymore."
The study gradually quieted down.
Lu Changming's father looked up at his son and slowly loosened his grip on his cane.
"Let's do as Changming says."
The elderly person made a decision.
"The Lu family can afford to suffer losses."
"We cannot lose our credibility."
After that night, the Lu family's commercial power completely withdrew from the market wars of Taichu.
Someone sold overseas bonds to replenish the margin of Hong Kong Island Group.
Some people have abandoned a merger and acquisition that they had been preparing for for many years in order to recover funds in advance in order to deal with the withdrawal of loans by banks.
Two other companies voluntarily opened up their historical accounts to cooperate with the new round of verification.
The Lu family appears to be constantly retreating.
This further convinced the other side that they had hit Lu Changming's weakest point.
However, on the other side of the story, unseen by the public, the Lu family's response also began.
Lu Changming submitted all his asset declarations from the past few years, information on his family members' employment, project contact records, and meeting minutes related to Taichu No. 2.
For major projects involving Lu's business enterprises, he voluntarily applied for a re-verification of the avoidance procedure.
The financial institutions, legal advisors, and trustee banks that participated in the design of Taichu II have each issued statements based on the facts.
Several experts who have long studied industrial capital also submitted independent opinions.
Whether Taichu No. 2 can withstand a short-term pullback needs to be determined by the contract and risk control rules.
Using a few days of market decline to directly negate the long-term capital support strategy for strategic technologies does not conform to professional logic.
The Lu family was not in a hurry to prove Lu Zhilan's innocence.
They simply put the facts on the table and let all the issues return to the system itself.
When this record was sent to the relevant departments, the investigation, which originally only pointed to the Lu family, began to show clues in the opposite direction for the first time.
This is the only counterattack Lu Changming can mount.
What he upheld were the facts, the system, and the industrial path he had promoted over the years.
The remaining half can only be given to Chen Mo.
If Chen Mo chooses to give up Tai Chu, Lu Changming will not blame him.
The funds from Taichu No. 2 did not enter Taichu Company, and Xingchen Technology and Chuangsheng also have a clear separation structure.
Chen Mo only needs to stop resisting and allow the products to reduce their holdings according to the rules. At most, he will lose his reputation as the king of private equity and bear some management responsibility.
His core businesses remain safe.
But the Lu family will lose its most important factual support.
If Taichu No. 2 incurs huge losses, even if Lu Zhilan is proven not to have transferred any benefits, it will be difficult for her to continue to be in charge of related work.
Lu Changming's long-term capital strategy will be labeled as reckless, out of control, and nepotistic.
Those who were originally neutral will quickly back down.
The attacks on business groups will continue to intensify.
The space for the next generation of the Lu family to continue to develop will be greatly reduced by this turmoil.
So, when the market was forcibly propped up on Monday, for the first time, someone in the Lu family study breathed a sigh of relief.
On Tuesday, the index fell again, and Taichu No. 2 once again approached the reduction line.
Creditors of several commercial companies immediately resumed pressure.
Some people judged that Chen Mo's funds had been exhausted and demanded that the Lu family add billions of yuan in collateral by that evening.
Lu Changming still did not call Chen Mo.
By Wednesday's close, Taichu No. 2 was only 0.07 percentage points away from the reduction line.
The board of directors of Hong Kong Island Group has even prepared an emergency resolution to sell its core assets.
The phone in the study rang until late at night.
Thursday arrived.
Chen Mo launched a second counterattack.
The market gradually opened up, starting from the limit down.
The index, weighting, themes, and short covering resonate together.
The net asset value of Taichu No. 2 has surpassed the previous high point before the turmoil.
The asset sale documents that were ready to be signed were put back into the safe.
The real business world was the first to show its stance.
As long as Taichu No. 2 is not breached, the Lu family will not lose its most crucial foothold.
Friday morning.
The verification process for Lu Zhilan has officially concluded.
No issues were found regarding personnel selection, account permissions, fund segregation, or private interests.
She resumed her role in coordinating and overseeing the organization of Primordial II.
At the same time, the number of sell orders from several listed companies owned by Lu family companies decreased rapidly.
The group's stock price has rebounded by nearly nine percent from its lowest point.
Several partner institutions that had previously been reluctant to appear also called to say that the loan and project could still proceed.
.........
In the study.
After reading the latest summary, Lu Changming slowly took off his glasses.
In the past few days, he has slept less than fifteen hours in total.
The ashtray on the table was covered with a layer of cigarette butts.
The door was pushed open from the outside.
The secretary placed a formal statement that had just been received in front of him.
"Comrade Han Jingzhi voluntarily withdraws from the discussion of candidates for the next position."
"Explanation has been submitted."
Lu Changming put his glasses back on and read the document through completely.
There was no triumphant joy on his face.
He had known Han Jingzhi for over twenty years.
The two sides have differences in industrial direction, capital boundaries and policy pace, and have also engaged in fierce competition for the same position.
Han Jingzhi was willing to withdraw voluntarily after his defeat, at least preserving his last shred of dignity.
"What happened to the people involved in Feng Kai's case?"
Lu Changming asked.
"Still under investigation."
"Han Jingzhi has made it clear that he will not provide protection for any transgressions."
"Continue to investigate thoroughly."
Lu Changming closed the instruction manual.
"clear."
The secretary paused for a moment, then said, "Han Jingzhi just left the western suburbs."
"His car is heading to Primordial Capital."
Lu Changming looked up at the time on the wall.
After a moment of silence, he reached for his personal cell phone, which he hadn't used for several days, on the table.
After the phone was turned on, a series of missed calls and messages appeared on the screen.
The top few comments are from Lu Jingyi.
Lu Changming did not reply to his daughter immediately.
He first found Chen Mo's number and dialed it.
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