Reborn in 2014: A One-Man Tycoon

Chapter 389 A Shocking Reversal

The atmosphere suddenly became tense inside an office building in a prime location in Shanghai.

In the Canon Group's Shanghai office, several young men in charge of operations stared intently at their computer screens, their faces turning deathly pale.

"What happened? Our account has been suspended?"

A gasp broke the silence in the office.

These days, they have been focusing their efforts on shorting China Aluminum and gold.

The amount of money invested had already exceeded 1000 billion, and everyone thought that everything was under control and victory was in sight.

But at that moment, a line of glaring red text suddenly appeared on the computer screen:

Account Freeze Notice: Your account has been frozen due to suspected violations, abnormal trading activities, or judicial freeze, and you are temporarily unable to trade. Please contact your brokerage firm or relevant regulatory agency for details.

"Quickly inform Mr. Yamamoto; we need to negotiate with the Securities and Futures Commission as soon as possible!"

A man shouted anxiously.

At almost the same time, Mr. Yamamoto also rushed over in a hurry.

As the account holder, he received a text message notification that his account was being closed almost simultaneously.

Upon entering the office, Mr. Yamamoto flew into a rage and began to hurl insults:

"Damn Chinese, they can't take this! Our accounts have all been trading normally, how could there be any irregularities?"

He cursed as he forcefully kicked over the chair next to him.

He was quite familiar with domestic laws and regulations.

To mitigate risk, they spread their transactions across nearly a hundred accounts, believing their scheme to be foolproof.

Even if a few accounts accidentally crossed the line under the guidance of Whale Hunting, they took remedial measures in a timely manner.

Even if some things are truly beyond redemption, we'll accept the closure.

But now all of his company's accounts have been suspended.

This is clearly a deliberate attack by the relevant authorities against them, a precise and indiscriminate crackdown on all accounts.

“I must expose them! These Chinese people have no sense of contract, abuse their power, and seek personal gain.”

Mr. Yamamoto roared at the traders in a fit of rage:

“Turn on a live stream for me. I’m going to expose the ugly faces of you Chinese people on Douyin right now.”

Upon hearing this, the traders were also filled with righteous indignation.

This should be their big day, the time for imperial unity.

"Mr. Yamamoto, I think we should first communicate with the China Securities Regulatory Commission to understand the specifics..."

One of the traders was relatively rational; he mustered his courage and tried to offer some advice.

"What do you know? This is clearly an attempt to protect their shareholders, disregarding the law and targeting Canon Capital. I will not only expose this, but I will also contact our embassy to make a formal representation."

Mr. Yamamoto slammed his hand on the table, making the documents on it jump.

Then immediately, a trader started a live stream on Douyin (TikTok).

In front of the live broadcast camera, Mr. Yamamoto looked indignant and spoke vehemently.

They spoke eloquently about the so-called crisis of trust, raising sharp questions about the China Securities Regulatory Commission's regulatory capabilities and market fairness.

They even made a serious threat, saying that Canon Capital would be cautious about investing in the Chinese capital market because they were worried that their own rights and interests would not be effectively protected.

This could not only reduce investment in China's capital market and suspend new investment projects, but also consider withdrawing some existing investments.

Mr. Yamamoto's remarks instantly caused a huge uproar online.

After the news spread, netizens flocked to the live stream, and the comment section was instantly flooded with various messages.

There were quite a few netizens who, regardless of right or wrong, just wanted to watch the drama unfold and made sarcastic remarks.

[His life finally went wrong. Serves him right. He was so arrogant all along; now he knows what's what.]

I've disliked them for a long time. They tried to stir up trouble on Chinese soil, and now they've been taught a lesson.

However, some so-called "professionals" have also come forward to express their concerns:

If, as Mr. Yamamoto suggests, regulatory agencies forcibly close foreign investment accounts to protect the domestic market, it could lead to a decrease in foreign capital inflows, increased market liquidity pressure, and be detrimental to the healthy development of the domestic economy.

At the same time, Nikon Group also encountered the same situation.

Upon learning that his account had been frozen, Shinichi Inoue, the head of the Nikon Group, immediately followed Mr. Yamamoto's example and started a live stream.

After all, they and Canon were secret partners in this short-selling operation, sharing the same fate and suffering losses together.

The online attacks and incitement by Canon and Nikon, two Fortune 500 companies, have made public opinion increasingly complex.

Some netizens, unaware of the facts, began to mock the lack of transparency in the domestic system, and some even said:

While it might feel satisfying to punish those who take advantage of others, isn't this a bit unethical? After all, market rules should be followed.

However, as public pressure grew thicker and thicker like dark clouds, the relevant departments remained silent.

Many netizens thought it was confirmed.

When officials resort to underhanded tactics to protect the market.

An official live broadcast to refute the rumors is coming soon.

This kind of high-profile news live broadcast is incomparable to social media platforms like Douyin.

Moreover, it was a live broadcast directly to the world, and its authority and influence instantly attracted the attention of countless people.

During the five-hour live broadcast, the relevant personnel presented a wealth of irrefutable evidence, including documents and audio recordings.

An email reveals that Canon had secret communications with Nikon's key decision-makers several months ago.

A detailed short-selling plan for China's non-ferrous metals sector has been formulated.

This includes precise timing, massive financial investment, and strategies for responding to different market reactions.

They even mentioned that they would increase their short-selling efforts should panic selling occur in the market.

The head office will provide financial support and media guidance behind the scenes to ensure that prices fall in the direction they expect.

In addition, a series of internal meeting minutes were also made public.

The document clearly records their process of analyzing the global economic situation and the dynamics of the non-ferrous metals industry.

And how to meticulously find market loopholes and investor psychological weaknesses.

In a memo, they discussed how to incite market panic by spreading false information and exploiting investors' fears of a global economic recession.

This leads more investors to believe that the non-ferrous metals industry has a bleak future, causing them to follow suit and sell off related stocks.

Each and every case is supported by conclusive evidence, including photographs, audio recordings, and video recordings.

Once this evidence was released, public opinion underwent a dramatic reversal.

Netizens suddenly realized that Canon and Nikon were behind the scheme.

They all turned their guns on the two Japanese companies:

Damn it, those Japanese devils actually dared to try and short the Chinese market! They must be severely punished!

[This so-called crisis of trust is clearly their own malicious intent; they're crying wolf.]

They wanted to make a quick buck in China and leave, but luckily they were caught by the regulators.

I was even defending them before, but I was completely misled. I will resolutely boycott Canon and Nikon products from now on.

Down with this pathetic existence! Avenge our compatriots in Nanjing!

……

The delays among netizens are becoming increasingly intense.

For a long time afterward, this even sparked a wave of boycotts against Japanese goods in China.

Whether it's daily necessities, jewelry, cars, or home appliances.

Many Japanese-owned companies have seen their stock prices plummet.

But these are all things for later.

Meanwhile, in Beijing, Old Master Huang sat in his armchair, sipping tea and making a phone call.

"You departments must work together to enforce the law as quickly as possible: First, restrict these Japanese devils from leaving the country and arrest them immediately. Second, shut down their companies and initiate legal proceedings immediately..."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like