"good!"

As Su Yue's instructions were issued, everyone responded and quickly executed the relevant instructions.

At 9:46, Ping An Group, which is the weight of the Hang Seng Index, suddenly fell sharply due to the surge in short orders, and within a few minutes, the decline reached below 7%.

Immediately afterwards, negative news about Ping An Group on the entire network began to emerge.

Various illegal marketing news about Ping An Group's insurance business bundled sales, induced sales, deceptive sales, etc. have poured out overwhelmingly, occupying various news pages, and its internal management is chaotic, executives are extremely unconventional, investment business is losing a lot, insurance funds are not custodial according to regulatory requirements, and reserve... A series of leaks have also quickly become popular in financial forums and various investment forums that are storing.

at the same time……

As an insurance industry regulatory agency, the China Insurance Regulatory Commission has also received many anonymous reports.

These materials are examples of Ping An Group using illegal marketing methods to deceive and deceive consumers to purchase insurance in online media reports.

After 10 o'clock, there were bombardment in various negative situations.

Ping An Group's a-share stocks quickly fell by h-share stocks, both falling by more than 8%.

"Chairman, this is someone maliciously targeting us." Li Zecheng, the headquarters of Ping An Financial Holdings Group, the chairman's office, the group deputy general manager in charge of the group's insurance business, and the general manager of Ping An Life Insurance Company, had a bitter face. "In terms of business sales, although we have repeatedly emphasized performance, some salesmen may cross the line in insurance sales in order to get commissions, but these are all isolated cases and it is definitely not a common phenomenon mentioned in the news."

"And... the part about my leaked news said that my lifestyle is extremely unrestrained, with many lovers, which harms the public and the private sector."

"This, this... is totally nonsense."

"There are really no such things?" Ma Qizhe glared at Li Zecheng, "If there are really no such things, can it attract scolding from the entire network? Can countless people appear and say it?"

"I usually ask you to pay more attention and pay more attention."

"Although business and scale are very important, the healthy development of the group is also very important. If the foundation is broken, can the building be safe and sound?"

"Chairman, I..." Li Zecheng wanted to refute.

Ma Qizhe had a gloomy face, waved his hand to stop him, and continued, "No matter how much he said at this time, it would be useless. Things have already happened, so we should think about how to make up for it."

"The rise and fall of stock prices is not important, after all, it is a market behavior and has little impact on the group."

"But these breach of contract operations that were exposed were solved immediately. They must not bring greater reputation losses to the group, nor can they let this public opinion wind blow to the regulatory authorities."

"Yes, yes... I have asked someone to issue a clarification announcement." Li Zecheng hurriedly answered.

"Chairman, this matter doesn't seem to be that simple." Liang Mingfeng, who is in charge of the group's investment business, pondered for a while and said, "I always feel that the other party's goal should not be to crack down on our group's business, but to the 'deep development project' we are negotiating."

"Why do you say that?" Ma Qizhe asked.

Liang Mingfeng coughed lightly and replied: "Because these negative information alone cannot give us insurance business and give us a substantial blow. If it is a competition among peers, attacking us will definitely start from the bank port that is deeply bound to our business sales."

"I will never choose this kind of verbal attack on the Internet and use public opinion to attack us."

"This method is obviously not done by competitors in the industry."

"And I observed that before all negative news was exposed, the stock price began to move abnormally, and the path was to spread from Hong Kong stocks to A-shares."

"This kind of trading method that takes advantage of negative news and combines stock price movements is obviously a common method in the capital market."

"There is only one 'Bentayga Capital' group that has a conflict with us and is directly competitive. They are also the institutions that are the best at inciting the situation in the capital trading market."

"So... I guess, this matter has nothing to do with the 'Shenzhen Development Project'."

Ma Qizhe thought for a while and felt that what Liang Mingfeng said made some sense, but he still couldn't figure out some questions: "If it were them, what's the use of simply taking advantage of the negative news to hit the stock price of our group? This does not force us to withdraw from the negotiations with Xinqiao Capital."

"It is absolutely impossible that just these means." Liang Mingfeng said firmly.

As he spoke, the door of the chairman's office was knocked. Immediately afterwards, the assistant chairman walked in in a panic and whispered: "Chairman, Director Xu of the China Insurance Regulatory Commission called. He said that the headquarters complaint department had received a lot of materials reporting to our group about an hour ago, and said that these materials were being submitted to other departments. I'm afraid... For our group, the latest interview and rectification are inevitable."

"Bastard..." Li Zecheng couldn't help but curse.

Regarding the group's insurance business, illegal sales, deception, deceiving consumers, and investors, it is fine to just be exposed online and spread rumors. Li Zecheng, who has experienced countless storms, is not afraid at all. Some are ways to deal with it, but the other party directly reported it to the regulatory agency headquarters in one breath.

Now... it's really nothing, and something can happen.

What's more, he knew that the branches and branches below must have some non-compliance in order to achieve their performance, which really could not stand the investigation.

Hearing the assistant's words, Ma Qizhe's face also became gloomy in an instant.

"What a good method!" Ma Qizhe sneered, "Once we take action, we will have no room for fight back, but the 'Shen Development' piece of meat, relying solely on this superficial blow, is still too delusional. The plan remains unchanged, and continue to use the motivation of the Bentayga Capital Group and Shinqiao Capital to sign an urgent contract and continue to speculate on the Shenzhen Development stock price. I see how they will continue to negotiate."

"The more they target us, the more they want to talk about the 'deep development' project."

"We can't let them do what they want."

"Even if they finally acquire it at a high price and we lose this project, we must use the circulating chips in our hands to lie on them, suck blood with all their might, earn a lot of profits, and borrow their fame and high price acquisitions to make huge profits."

"If they are forced to give up, Shinqiao Capital lacks buyers and the secondary market lacks good news to stimulate the participation of the Bentayga Capital Group."

"With our handful of circulating chips..."

"It can also bring the stock price back to the original point and quickly sign a contract with Xinqiao Capital according to the original established plan."

"Okay... I'll go and make arrangements immediately." Liang Mingfeng nodded and responded quickly when he heard Ma Qizhe's order, and then withdrew from the chairman's office.

Li Zecheng was stunned. Seeing that the chairman had no other instructions, he also left the office silently.

At 11:20 am, Ping An Group Insurance Business Company responded again to various rumors in the market, saying that the company did not have any violations in terms of terms and sales of insurance contracts, and bluntly stated that all rumors in the market were rumors, and the company will pursue the illegal acts of the rumor-mongering agents in accordance with relevant laws and regulations.

An extremely tough attitude failed to eliminate rumors, but instead intensified public opinion.

At 1:32 pm, in the A-share market, Ping An Group hit the limit and its stock price closed at 38.6 yuan. In the Hong Kong stock market, Ping An Group's stock price fell by more than 10%, setting a record low since its listing.

At 2:09 pm, Ping An Group broke the news that foreign investment lost 2 billion yuan within half a year.

At 2:16 pm, it was revealed that its subsidiary had problems with transfer of interests.

At 2:32 pm, it was revealed that one or two insurance contracts were seriously non-compliant, and that investors and consumers were unable to surrender the insurance after signing the contract.

‘Bentayga Capital’ Group, various branches, market research department, intelligence department, accumulate one month.

The negative news collected about Ping An Financial Holdings Group's insurance business has continuously bombarded the market and pushed up public opinion storms one after another.

Finally... February 10, evening.

After receiving countless reporting materials, the China Insurance Regulatory Commission decided to interview Ping An Financial Holdings Group after a simple internal committee review, and dispatched a working group to investigate its insurance business and help Ping An Group rectify its non-compliant insurance business.

The news broke out and the market was shocked.

As competitors in Ping An Insurance, they were extremely happy and decided to take advantage of the situation to fight back. Taking advantage of the situation, Ping An Group was deeply involved in the investigation storm, invaded Ping An Group's related business markets, and opened up more channels for cooperation with financial institutions.

The next day, on the 11th, the stock markets in the two places just opened, and Ping An Group's stock price fell sharply again, setting a new low since its listing.

Faced with regulatory investigations in the core insurance business, whether it is Li Zecheng, who is in charge of the business, Ma Qizhe, chairman, and all the world capital giant shareholders who invest in Ping An Group, they are no longer calm at this moment. They immediately held an internal meeting of the group's senior management to discuss and review relevant decisions and measures to resolve the crisis.

"I advocate solving internal problems first, and then seeking external expansion. The 'Shenzhen Development Project' must give up when Xinqiao Capital is not giving up and asking for such a high price." HSBC's shareholder representative and independent director of the group said, "It is no small matter to send a working group to enter the regulatory authorities, and we have no time to take care of other things."

"Shenzhen Development is a development strategy that has been set up after the shareholders' meeting. The opponent attacks us and targets our life insurance business, which is to force us to withdraw from the 'Shenzhen Development Project'." Fang Kela Seerti, representative of Goldman Sachs Group, said, "If we really give up, it would be a perfect success for the opponent and a complete defeat."

"Mr. Seerti, face the reality!"

HSBC representative Fang said: "Shenzhen Development's stock price is 30% higher than we expected at the beginning, and Xinqiao Capital's current asking price is 70% higher than before. At such a price, if we want to gain control of Shenzhen Development, we need at least 40 billion yuan. Can the group currently take out 40 billion yuan?"

"Not to mention 40 billion, even if you take out 10 billion in cash, it will be very difficult."

"Previously, the strategy you Goldman Sachs formulated was to pay part of the cash, and then the remaining part was to issue additional shares to Xinqiao Capital in exchange for the shares of Shenzhen Development in their hands, but... look at it now..."

"There are problems with our group's internal business and the stock price has fallen continuously."

"It is impossible for Xinqiao Capital to accept the targeted share issuance."

"And after the Bentayga Capital Group entered the competition, Shinbashi Capital's appetite grew bigger and bigger. We have no conditions and no ability to continue to compete."

"I also agree to give up the merger and acquisition of 'Shenzhen Development' now," said Morgan representative. "But I think that even if we give up, we must not let our opponent 'Benjo Capital' Group control the 'Shenzhen Development', so that we will have the opportunity to retake this project in the future."

"I suggest joining Shenzhen Development Group's small and medium-sized shareholders to resist the further expansion of the Bentayga Capital Group in Shenzhen Development Group."

"Even if they get the Shenzhen Development Co., Ltd. in Xinqiao Capital, they will not be able to actually control Shenzhen Development."

"The Bentayga Capital Group has a great influence in the domestic financial industry, especially among retail investors." Liang Mingfeng said, "If we give up taking over the Shenzhen Development Co., Ltd. in Xinqiao Capital and want to curb the Bentayga Capital Group's control over Shenzhen Development Co., Ltd. in small and medium shareholders, it will probably be very difficult."

"After all, about 45% of Shenzhen Development's shares are in the hands of retail investors in the market."

"So...I think that if we want to gain control of Shenzhen Development in the future, we cannot give up the shares of Shenzhen Development in Xinqiao Capital."

"Does the group have the time to take care of what you said?" HSBC representative stared at Liang Mingfeng, "Under an investigation order from the regulator, all funds for insurance business accumulation must be investigated and temporarily cannot be used within the scope of supervision. The plan we have formulated before to pay the cash payment for the acquisition of shares with insurance funds is simply impossible to achieve."

"If you don't have money, what are you going to buy it?"

Liang Mingfeng was silent and stopped talking. He was the major shareholder. He was just a deputy general manager of the group and the so-called professional manager. On such occasions, his speech was of little importance.

"Okay, what everyone said makes sense." Ma Qizhe looked around everyone and said with a smile, "Shenzhen Development project is extremely important for the group's future development strategy. As long as we still have a little bit of strength, we should not give up. Of course, the current internal difficulties and the difficulties caused by our opponents are also substantial. Many of the funds originally expected to be used, but as long as we take over Shenzhen Development, these problems... can be solved."

"The group has no money, but the credibility is still there."

"The current financial crisis has almost passed. Ping An, our internal leverage is not high, and we can borrow money from financial institutions with our own reputation to pay for the share acquisition."

"Tpg gives Xinqiao Capital a time to withdraw from Shenzhen Development within three months."

"That is to say, Shinqiao Capital has only had the remaining 20 days in February. The nature of their eagerness to withdraw has not changed. Our capital abundance is far inferior to that of the Bentayga Capital Group, but when it comes to internal relations with the TPG Group, they are far inferior to us."

"There must be reasonable profits, plus this relationship, I believe we can discuss this project."

"Borrowing..." HSBC representative frowned, "The world is deleveraging, increasing financial leverage, especially when acquiring financial companies. The approval of such loan projects is extremely difficult. Moreover, what we have to borrow is tens of billions of funds. According to common sense, it is impossible to pass. Once the loan is acquired, it is not consumed well. The group will not only have to bear large amounts of interest pressure and repayment pressure, but also have to bear various drags on the group by Shenzhen Development."

"At that time, if the storm of the financial crisis is stirred up again, it will be very dangerous."

"I stick to my point of view. The group has substantial difficulties, so we should give up all expansion plans at this time and choose a stable business model of deleveraging."
To be continued...