“Xiao Feng, stay here for a moment.” Iron-fist Zhu looked at Feng Yu. “Your resume is fascinating, and I don’t know how to assess you. It seems that you have better foresight and smarter than a lot of people. I am very curious.”

“I like to read and try out new things. Is this weird?” Feng Yu said. Things had gotten a bit out of hand. Will he bring me to some lab and conduct experiments on me?

“This is also not considered weird. You have only made use of technologies differently for the humidifiers and bladeless fans you invented. Others have not thought of using these technologies this way, but you did.”

“That’s right. Is there any problem?” Feng Yu asked with an innocent look.

“Although this might be weird, young people are more creative. So, I can understand. But I am very curious about the first time you bought shares. Why did you buy so many shares? You had even mortgage your assets to buy shares. You are very sure that you can make money from shares?”

Iron-fist Zhu’s eyes suddenly became very sharp and were staring at Feng Yu. His aura of someone with great authority could be felt by Feng Yu!

“Ah? I am not sure I will make lots of money. But I know I will surely make profits.”

That’s right. When China first introduce shares trading, there were no daily fluctuation limits. But later, the government wanted to control the shares market and introduced limits. When this started, it was 1%, but later, it was reduced to 0.5%. This was to prevent the shares from fluctuating too much. But this was only the official prices. There was still a lot of trading done privately!

But after the Chief Architect concluded his visits to the south, this daily fluctuation limit was also stopped suddenly. On that day, share prices shot up. No one could foresee this happening. Of course, Feng Yu knew about this. But he will never admit that he knew and no one could say anything.

“Why are you so sure that you will profit from shares trading?”

“Where a lot of people are buying those shares, the prices will surely rise. The Bonds market is already so active, the shares market will surely be the same. Overseas is also like this.”

“Only this simple?” Iron-fist Zhu still has some doubts.

“Yes. It is so simple. At that time, there were already not many profits from Treasury Bonds trading, so I switch to shares. I also did not expect to make so much money from shares. If I know that the prices of the shares will increase suddenly, I will not sell my shares in the past. Isn’t the whole nation also buying shares? Is there any problem?” Feng Yu continued to feign ignorance. Luckily, he had sold a fair bit of his shares before the sudden increase of the share prices. This became evidence of him not knowing of the sudden increase.

“Then why are you not continuing to buy shares?”

“I have no money. All my money was invested in the Machinery Company’s Automobile project. If I still have money, I will definitely continue to invest in shares.”

This was a good explanation, but Iron-fist Zhu still felt something seems off. Why Feng Yu dare to use all his assets to buy shares? But there was no evidence of Feng Yu manipulating the market. If Feng Yu was involved in insider trading or market manipulation, will not sell off some of his shares before the sudden increase of share prices.

“What is your views on China’s financial market?” Iron-fist Zhu wants to know how others view the Chinese Financial Market.

Currently, there were still many loopholes in the financial market. If Feng Yu really wants to manipulate the market, it was a piece of cake. Luckily, no foreign funds had entered the newly established Chinese financial market, if not, those foreign institutions will take away all the money.

The Chinese stock market severely lacks regulations. For instance, in July this year, a company was delisted from the Chinese stock market because a Hong Kong businessman had emptied out all its funds.

In August, when an IPO was launched in Shenzhen, fights broke out. This was because a fixed number of shares was issued to every identification card. But someone brought hundreds of identification cards to apply for the shares.

The people behind could not get the shares and got angry. Fights broke out. At that time, many people rushed to Shenzhen for this IPO. The train tickets were sold out, and the ticket scalpers increased the prices of tickets by 7 to 8 folds!

The authorities had no choice but to allow more applications in a bid to calm those investors. After this incident, shares of unlisted companies were issued in the Sichuan region.

Within 3 days, the Shanghai Composite Index had fallen from 1,500 points to 1,000. This caused panic selling, and the shares prices fell further. A lot of investors suffered heavy losses!

The State Council formed a Securities Regulatory Committee because of these incidents. Iron-fist Zhu was the head of this Committee! At the same time, The China Securities Regulatory Commission was set up.

But the committee and the commission could not save the stock market. The stock market continued to fall, and it was about to drop below 400 points! Iron-fist Zhu thought that Feng Yu was one of the earliest people to trade shares. He should have some views. But after hearing Feng Yu’s explanation, he felt that Feng Yu could make profits from share trading was because he had the guts and luck.

“My views? I think that there should be a daily fluctuation limit. We can follow those developed countries. 10% will be a good limit. Didn’t we have a China Securities Regulatory Commission? We can let the commission to regulate the market and check the finances of those listed companies!”

“That’s all?”

“That’s all.” Feng Yu had some hesitations. He was not sure if what he said will change the history. If the history had digressed, then most of his experiences and knowledge from his previous life will be useless.

The stock market would develop well even if it had followed the original course. Anyway, no foreign funds had entered the Chinese market, and all the money will still remain in China.

“How should we regulate those listed companies?”

“Financial disclosure. The company should disclose their financial report to their shareholders. Before a company can be listed, the commission should consider their past 3 years and future 3 years financial. The company must also be audited, and their accounts must be clear. Companies cannot be listed just because they had made a lot of profits in the previous year.”

Iron-fist Zhu thought for a while and nodded: “You seems to know a lot about finance.”

“Not really. I had gone to Hong Kong with Fu Guangzheng and had learned from Mr. Fu Rongqi for some time. Mr. Fu Rongqi is really good with the financial market.” Feng Yu used Fu Rongqi as his shield. Fu Rongqi was famous throughout Asia for his investment in the financial markets.

Feng Yu really wanted to tell Iron-fist Zhu that although the stock market performed poorly this year, the market will recover after the RMB stocks were issued. The bull market will continue until sometime the mid of next year.

Feng Yu had wanted to make use of this opportunity to make some money. But now, he decided to not get involved. He will just let Wu Zhigang and the rest invest a bit.

“Is that Aiwa your company?” Iron-fist Zhu suddenly asked.

“I am the major shareholder.” He also knows about this? He had changed the topic. Did he believe what I said about the stock market?

“Buying over a Japanese company and still managed it well. Good. Xiao Feng, are you interested in coming and working in the State Council after you graduate?”

Damn, I am headhunted by one of China most senior official!

If this were in Feng Yu’s previous life, he would surely agree. But now, he was not interested.

Government officials had too many rules, and it will be tiring working for Iron-fist Zhu. Feng Yu will never want to experience that!

“Thank you for your offer. But I still prefer to do business. No matter what I am working as I am still contributing to our country, right?”

“I will not force you. All right. That’s all for today. I need to go back to work.”

“Goodbye, sir.”

Iron-fist Zhu frowned when he looked at Feng Yu’s back view. He felt that this Feng Yu was not a 20-year-old young man, but instead someone in his 40s or 50s.

Iron-fist Zhu still has a lot of questions for Feng Yu, but he does not have the time. He will ask those questions some other time. This young man is very interesting.

After leaving Iron-fist Zhu’s room, Feng Yu was relieved. He was under immense stress when he speaking to Iron-fist Zhu. Feng Yu wondered if he could also have this aura when he has hundreds of billions in the future.

Hmmm… I must go to my company in Japan to practice. Even if I can’t have this aura, I will also feel better from listening to Kameda Masao’s flattery.

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