1 00:01:33,130 --> 00:01:35,090 Created and Directed by WONG KAR WAI 2 00:01:37,220 --> 00:01:40,350 EPISODE 28 3 00:01:40,350 --> 00:01:44,520 GONE WITH THE WIND 4 00:01:44,730 --> 00:01:47,560 1978 5 00:01:52,900 --> 00:01:56,570 When I met Xuezhi, she was only 20 years old. 6 00:01:58,620 --> 00:02:01,330 She was a tram conductor on Route 13. 7 00:02:05,120 --> 00:02:08,040 "The Flower of Route 13" was her nickname. 8 00:02:13,380 --> 00:02:16,510 She came from wealth, and carried herself like an heiress. 9 00:02:16,510 --> 00:02:20,680 She practiced calligraphy, played Go, and collected stamps. 10 00:02:29,020 --> 00:02:31,230 She was also learning English. 11 00:02:33,530 --> 00:02:34,650 Love. 12 00:02:34,860 --> 00:02:38,030 L-O-V-E. 13 00:02:38,120 --> 00:02:39,450 Love. 14 00:02:40,200 --> 00:02:41,450 I love... 15 00:02:41,700 --> 00:02:42,740 Then what? 16 00:02:51,300 --> 00:02:53,630 She loved "Gone with the Wind". 17 00:02:54,550 --> 00:02:56,840 Borrow "Gone with the Wind" for me. 18 00:02:56,880 --> 00:02:57,930 Sure. 19 00:03:22,410 --> 00:03:25,240 The first time I visited her was to return the book. 20 00:03:25,620 --> 00:03:26,660 Xuezhi. 21 00:03:27,660 --> 00:03:28,710 You're here. 22 00:03:29,210 --> 00:03:30,250 I'm here. 23 00:03:36,090 --> 00:03:38,760 I finished it. You can have it back. 24 00:03:40,930 --> 00:03:41,970 Are you cold? 25 00:03:42,890 --> 00:03:45,390 The plum blossoms. Let me get one for you. 26 00:03:46,020 --> 00:03:47,560 -Let me go. -What are you doing? 27 00:03:47,770 --> 00:03:49,060 Come. 28 00:03:53,940 --> 00:03:56,190 Hurry, my uncle's coming back. 29 00:03:59,780 --> 00:04:00,820 Smell good? 30 00:04:15,550 --> 00:04:18,260 I thought we could be together forever. 31 00:04:19,680 --> 00:04:21,050 But in the end, 32 00:04:21,800 --> 00:04:25,850 the tram reached its last stop, and I found myself alone. 33 00:04:31,230 --> 00:04:32,060 Come in. 34 00:04:33,520 --> 00:04:39,150 That afternoon, Ah Bao prepared to see Xuezhi one last time. 35 00:04:39,150 --> 00:04:43,490 Everything between them had reached its end. 36 00:04:59,670 --> 00:05:01,300 You came by bicycle? 37 00:05:04,140 --> 00:05:05,340 I've come. 38 00:05:07,350 --> 00:05:08,680 And I've seen you. 39 00:05:09,980 --> 00:05:11,310 That's enough. 40 00:05:11,980 --> 00:05:13,020 I'm leaving. 41 00:05:14,360 --> 00:05:15,400 Ah Bao. 42 00:05:16,270 --> 00:05:18,900 Don't touch me, my clothes are dirty. 43 00:05:18,980 --> 00:05:19,780 Ah Bao. 44 00:05:19,780 --> 00:05:22,450 Next time you ride the tram, and run into me, 45 00:05:22,780 --> 00:05:24,320 what would you do? 46 00:05:29,040 --> 00:05:31,040 If I run into you on a tram, 47 00:05:32,120 --> 00:05:33,620 I would say, 48 00:05:34,620 --> 00:05:35,790 I need a ticket. 49 00:05:38,050 --> 00:05:39,840 If I have a monthly pass, 50 00:05:40,630 --> 00:05:41,960 I would say, 51 00:05:44,050 --> 00:05:45,220 monthly pass. 52 00:05:45,680 --> 00:05:46,720 Ah Bao. 53 00:05:47,890 --> 00:05:49,100 Please remember. 54 00:05:49,220 --> 00:05:52,060 On my tram, you never have to pay. 55 00:05:52,940 --> 00:05:55,600 I last saw her in Hong Kong. 56 00:06:00,740 --> 00:06:02,400 Her last words were... 57 00:06:03,650 --> 00:06:06,530 Forget you ran into me today. 58 00:06:22,670 --> 00:06:24,590 Xuezhi clung to Ah Bao. 59 00:06:24,590 --> 00:06:28,100 The air was dense with tangled scent and feeling. 60 00:06:28,100 --> 00:06:30,930 Gently, Ah Bao eased away her hands. 61 00:06:36,690 --> 00:06:40,020 I visited her house before it was knocked down. 62 00:06:40,570 --> 00:06:42,650 It still smelled of camphor. 63 00:06:44,070 --> 00:06:46,240 The plum tree had been removed. 64 00:06:48,530 --> 00:06:52,870 When fate wants to fix someone, it offers no forewarning. 65 00:06:53,250 --> 00:06:54,870 It just strikes. 66 00:06:56,710 --> 00:07:00,040 Overnight, Xuezhi was ensnared in the past. 67 00:07:00,710 --> 00:07:04,800 Time continued without her, and I kept her in my memory. 68 00:07:31,490 --> 00:07:33,700 Everything will pass eventually. 69 00:07:34,330 --> 00:07:36,040 No more 10 years. 70 00:07:36,790 --> 00:07:38,500 No more reunions. 71 00:07:40,000 --> 00:07:41,540 Only letting go. 72 00:08:00,650 --> 00:08:03,320 Careful, tram coming through. 73 00:08:03,520 --> 00:08:05,570 Next stop, Nanjing Road. 74 00:08:09,360 --> 00:08:11,410 January 2, 1994. 75 00:08:11,660 --> 00:08:16,540 Upcoming lotteries were announced for IPO stocks. 76 00:08:13,750 --> 00:08:16,340 {\an8}"Shanghai Fashion Corp announces IPO" 77 00:08:16,830 --> 00:08:20,210 "Shanghai Fashion Corp will officially go public... 78 00:08:20,210 --> 00:08:24,540 on January 10th, on the Shanghai Stock Exchange as an A-share." 79 00:08:24,710 --> 00:08:27,300 Across eight IPOs, the lottery for certificates of Shanghai Fashion Corp 80 00:08:27,300 --> 00:08:29,380 would be the climactic event. 81 00:08:29,470 --> 00:08:31,640 The whole market was watching. 82 00:08:32,840 --> 00:08:36,560 Mr. Cai's biggest concern was the opening price. 83 00:08:38,730 --> 00:08:39,770 Mr. Bao, 84 00:08:40,140 --> 00:08:44,230 our chairman wants the opening price to be a lucky number. 85 00:08:44,230 --> 00:08:47,360 Because this price will enter our company's history book. 86 00:08:47,530 --> 00:08:52,700 ¥11.18. That would be reasonable. 87 00:08:52,990 --> 00:08:57,490 First, it's a bit more than double the offering price of ¥5.40 88 00:08:57,910 --> 00:09:03,000 The initial shareholders will hesitate about buying or selling. 89 00:09:03,210 --> 00:09:07,630 So there won't be too much pressure to dump shares. 90 00:09:07,920 --> 00:09:10,380 Second, the market's cold right now. 91 00:09:10,380 --> 00:09:13,840 The cost of the certificates we bought on the black market 92 00:09:13,840 --> 00:09:18,890 suggests that the market is pricing Shanghai Fashion Corp at ¥11 per share. 93 00:09:19,140 --> 00:09:23,520 Issued by lottery, these "certificates" entitled subscribers to new shares. 94 00:09:23,520 --> 00:09:25,020 Before public trading began, 95 00:09:25,020 --> 00:09:28,360 subscribers could sell their certificates on the black market. 96 00:09:28,360 --> 00:09:30,280 Selling meant playing it safe. 97 00:09:30,280 --> 00:09:33,150 Subscribing meant betting that the stock price would rise. 98 00:09:33,160 --> 00:09:34,240 Besides, 99 00:09:34,450 --> 00:09:37,950 this price sounds like one, one, one, ace. 100 00:09:38,540 --> 00:09:39,700 Very lucky. 101 00:09:40,250 --> 00:09:42,710 This first quarter has seen so much expansion. 102 00:09:42,710 --> 00:09:46,290 Just this week, ¥650 million in newly listed stocks. 103 00:09:46,290 --> 00:09:49,130 The market needs time to digest that. 104 00:09:49,800 --> 00:09:51,210 Let's be conservative. 105 00:09:51,220 --> 00:09:52,510 Open low, go high. 106 00:09:52,630 --> 00:09:54,840 Wait for a substantial turnover. 107 00:09:54,970 --> 00:09:56,760 Let the price flip first. 108 00:09:57,050 --> 00:10:00,850 Shanghai Fashion Corp was profitable in second half of last year. 109 00:10:00,850 --> 00:10:02,640 If the annual report comes out, 110 00:10:02,640 --> 00:10:05,940 and earnings per share is between ¥0.80 to ¥1, 111 00:10:06,270 --> 00:10:10,780 a stock price of ¥20 would mean a price to earnings ratio below 25. 112 00:10:10,780 --> 00:10:12,990 Plenty of room for the price to grow. 113 00:10:12,990 --> 00:10:16,660 Suppose they issue 10 bonus shares for every 10 shares held. 114 00:10:16,660 --> 00:10:19,830 Now that would be amazing. 115 00:10:20,620 --> 00:10:23,410 -Congratulations, Mr. Cai. -Thanks, Mr. Qiang. 116 00:10:22,420 --> 00:10:24,580 {\an8}"Prosperity flows. Fortune soars." 117 00:10:23,410 --> 00:10:24,580 Originally, 118 00:10:24,620 --> 00:10:28,500 you guys didn't give our small company a second glance, 119 00:10:28,630 --> 00:10:30,590 and allied with Luwan instead. 120 00:10:30,590 --> 00:10:34,420 Even we didn't think we had a chance. 121 00:10:35,340 --> 00:10:39,680 But in the end, we were the ones who made it. 122 00:10:42,980 --> 00:10:45,310 We only collaborate with the leader. 123 00:10:46,350 --> 00:10:48,190 Luwan was the leader. 124 00:10:48,980 --> 00:10:51,020 Now that you won the IPO, 125 00:10:51,320 --> 00:10:55,150 Shanghai Fashion Corp is the top dog. 126 00:10:55,700 --> 00:10:59,200 Mr. Cai, getting listed is only the first step. 127 00:10:59,370 --> 00:11:02,740 If we integrate industry and finance, 128 00:11:03,200 --> 00:11:09,580 then the value will exceed the sum of its parts. 129 00:11:12,170 --> 00:11:14,840 I know Southern has a lot of funds. 130 00:11:14,960 --> 00:11:18,130 You could easily push up our price. 131 00:11:18,720 --> 00:11:23,140 But we don't want the pressure 132 00:11:23,140 --> 00:11:26,430 and scrutiny associated with an inflated valuation. 133 00:11:26,640 --> 00:11:31,940 What I'm proposing is to help Shanghai Fashion Corp's future expansion, 134 00:11:31,940 --> 00:11:34,230 and provide refinancing services. 135 00:11:34,240 --> 00:11:37,110 We can help you issue foreign capital stocks, 136 00:11:37,110 --> 00:11:40,700 or get you listed in overseas exchanges. 137 00:11:41,530 --> 00:11:45,410 That's not something small brokers like WD can do. 138 00:11:48,920 --> 00:11:52,880 Mr. Qiang, let's take it one step at a time. 139 00:11:53,500 --> 00:11:57,880 Right now, our chairman's top concern is the opening price. 140 00:12:00,510 --> 00:12:02,180 What are you aiming for? 141 00:12:05,180 --> 00:12:07,520 Someone suggested ¥10. 142 00:12:10,770 --> 00:12:12,600 That's Mr. Bao, right? 143 00:12:14,940 --> 00:12:16,780 I'm thinking a bit higher. 144 00:12:20,530 --> 00:12:21,700 How much higher? 145 00:12:40,220 --> 00:12:43,140 Try to push to this price. 146 00:12:48,930 --> 00:12:50,440 Is that not too high? 147 00:12:51,480 --> 00:12:53,310 Risk a pawn to take a rook. 148 00:12:54,980 --> 00:12:56,360 Opening day, 149 00:12:56,650 --> 00:12:58,230 Let everyone miss, 150 00:12:58,900 --> 00:13:00,280 then chase. 151 00:13:52,160 --> 00:13:53,500 Morning, Uncle Ye. 152 00:13:58,840 --> 00:14:01,340 You knew I'll be back, right? 153 00:14:06,550 --> 00:14:08,100 I was on my way 154 00:14:09,180 --> 00:14:10,850 to fetch you for help. 155 00:14:11,220 --> 00:14:12,890 Stop it. 156 00:14:13,560 --> 00:14:15,190 I know you. 157 00:14:15,810 --> 00:14:17,810 You're not worried. 158 00:14:18,480 --> 00:14:20,860 I read you like a book. 159 00:14:31,500 --> 00:14:33,870 I should be the one coming to you. 160 00:14:34,920 --> 00:14:37,290 Skip the pleasantries. 161 00:14:37,540 --> 00:14:38,920 Just tell me... 162 00:14:40,090 --> 00:14:42,590 How do you plan to handle this? 163 00:14:43,840 --> 00:14:45,630 You didn't fetch me. 164 00:14:45,880 --> 00:14:48,090 You must have a plan. 165 00:14:52,390 --> 00:14:54,350 I don't want to implicate you. 166 00:14:55,140 --> 00:14:57,140 You... 167 00:14:58,730 --> 00:15:03,780 The Walmart order was your lifeboat, 168 00:15:03,940 --> 00:15:07,030 yet you threw it all away. 169 00:15:11,580 --> 00:15:13,740 I remember you telling me this. 170 00:15:15,250 --> 00:15:20,250 But to me, Walmart was never going to be my lifeboat. 171 00:15:29,550 --> 00:15:31,300 You're ambitious. 172 00:15:31,600 --> 00:15:32,640 Fine. 173 00:15:33,060 --> 00:15:34,720 I'll say no more. 174 00:15:34,810 --> 00:15:36,310 You take care. 175 00:15:37,480 --> 00:15:40,190 The hotel wants our bill paid. 176 00:15:41,650 --> 00:15:45,650 If it comes to it, just leave this gossip place. 177 00:15:47,660 --> 00:15:49,110 Take one step back. 178 00:16:02,170 --> 00:16:03,590 Remember Mei Ping? 179 00:16:04,840 --> 00:16:05,920 Yes? 180 00:16:07,630 --> 00:16:09,930 That day when she came with her gifts... 181 00:16:09,970 --> 00:16:12,260 DECEMBER 31ST, 1993 182 00:16:13,350 --> 00:16:15,850 -Happy New Year. -Happy New Year. 183 00:16:21,940 --> 00:16:25,190 -Happy New Year, Mr. Bao. Heading out? -Happy New Year. 184 00:16:25,190 --> 00:16:26,900 -Is Uncle Ye around? -He went out. 185 00:16:27,030 --> 00:16:30,860 I brought him New Year's presents. I also wanted to tell him I left No. 27. 186 00:16:30,860 --> 00:16:33,950 This is my new company. Uncle Ye said we should collaborate. 187 00:16:33,990 --> 00:16:35,120 Congrats. 188 00:16:36,950 --> 00:16:37,950 Why are you back? 189 00:16:37,960 --> 00:16:39,120 Forgot something. 190 00:16:39,290 --> 00:16:41,920 You have a visitor. I'm heading out. 191 00:16:42,130 --> 00:16:43,540 Uncle Ye, you're back. 192 00:16:43,540 --> 00:16:44,880 I came to see you. 193 00:16:45,040 --> 00:16:47,130 I heard you left No. 27. 194 00:16:47,670 --> 00:16:49,720 You didn't persevere. 195 00:16:53,800 --> 00:16:56,720 I'm still in foreign trade, still learning from you. 196 00:16:56,720 --> 00:16:59,310 These pastries are for you. Happy New Year. 197 00:16:59,310 --> 00:17:03,020 I don't eat sweets anymore. Thanks, and Happy New Year. 198 00:17:03,020 --> 00:17:06,820 I have to go too. See you next time. 199 00:17:23,330 --> 00:17:26,340 They say you're a user, not a friend. 200 00:17:26,590 --> 00:17:28,420 Now I know it's true. 201 00:17:39,430 --> 00:17:40,810 You may be a master. 202 00:17:40,850 --> 00:17:42,770 But sometimes you stumble too. 203 00:17:42,770 --> 00:17:46,440 You want to know what's inside? You'll have to come get it. 204 00:17:46,440 --> 00:17:49,610 I won't ever walk through this door again. 205 00:17:51,490 --> 00:17:53,860 I knew she came with information. 206 00:17:53,950 --> 00:17:55,410 I didn't care. 207 00:17:56,870 --> 00:17:58,530 She taught me a lesson though. 208 00:18:01,290 --> 00:18:02,830 Mr. Bao, want to come in? 209 00:18:02,870 --> 00:18:05,880 It's overcrowded. 210 00:18:17,800 --> 00:18:18,930 Leaving? 211 00:18:19,220 --> 00:18:21,930 Uncle Ye was busy. Maybe next time. 212 00:18:32,570 --> 00:18:35,570 Mr. Bao. Please enlighten me. 213 00:18:35,610 --> 00:18:36,660 Yes? 214 00:18:38,240 --> 00:18:42,740 You've always been cold to me. Do you have something against me? 215 00:18:43,290 --> 00:18:44,960 No, not really. 216 00:18:45,620 --> 00:18:49,130 But you treat your colleagues improperly. 217 00:18:50,300 --> 00:18:51,750 You mean Miss Wang. 218 00:18:53,760 --> 00:18:55,760 She never wronged you. 219 00:19:09,980 --> 00:19:11,730 You wouldn't understand. 220 00:19:12,440 --> 00:19:15,070 You and Miss Wang 221 00:19:15,150 --> 00:19:17,820 have always caught people's attention. 222 00:19:18,280 --> 00:19:19,490 Not me. 223 00:19:20,030 --> 00:19:22,660 I can work harder, no one notices me. 224 00:19:25,410 --> 00:19:27,330 You may not have noticed, 225 00:19:27,710 --> 00:19:29,210 but before today, 226 00:19:29,710 --> 00:19:32,710 you have never spoken a complete sentence to me. 227 00:19:34,960 --> 00:19:36,720 And "Improperly?" I disagree. 228 00:19:36,720 --> 00:19:40,720 Miss Wang steals too much limelight, leaving nothing for everyone else. 229 00:19:40,720 --> 00:19:44,890 Her existence, to someone like me, is poison. 230 00:19:50,310 --> 00:19:51,650 The elevator. 231 00:19:57,490 --> 00:19:59,490 People like me take the stairs. 232 00:19:59,490 --> 00:20:01,030 You take the elevator. 233 00:20:03,410 --> 00:20:05,580 I also used to take the stairs. 234 00:20:06,160 --> 00:20:10,290 Uncle Ye, you put me in the elevator, and made me Mr. Bao, 235 00:20:10,750 --> 00:20:13,500 trying to climb higher, and faster, than others. 236 00:20:13,750 --> 00:20:16,260 These 2 years, I've slipped on the floor. 237 00:20:16,260 --> 00:20:18,510 I've jumped up to the ceiling. 238 00:20:19,050 --> 00:20:20,130 I'm content. 239 00:20:21,340 --> 00:20:24,010 Now I'll take the elevator when I can. 240 00:20:24,220 --> 00:20:26,390 But without one, I'll take the stairs. 241 00:20:27,060 --> 00:20:28,310 I can do both. 242 00:20:38,610 --> 00:20:39,860 Always, 243 00:20:41,450 --> 00:20:42,950 One step back. 244 00:20:43,280 --> 00:20:44,450 Understand? 245 00:20:59,880 --> 00:21:02,430 If doing business is an art, 246 00:21:03,050 --> 00:21:05,220 Uncle Ye's surely a maestro. 247 00:21:11,940 --> 00:21:12,980 Fine. 248 00:21:17,900 --> 00:21:20,070 From 1987 to now, 249 00:21:21,490 --> 00:21:23,490 from floor to ceiling, 250 00:21:24,660 --> 00:21:27,370 Uncle Ye was by my side through it all. 251 00:21:28,410 --> 00:21:30,160 He was my best mentor, 252 00:21:33,000 --> 00:21:36,500 and witness to my journey from Ah Bao to Mr. Bao. 253 00:21:59,360 --> 00:22:02,530 I still remember the first lesson he taught me. 254 00:22:02,530 --> 00:22:05,200 You've heard of the Empire State Building? 255 00:22:05,200 --> 00:22:08,700 Climbing to the top takes a full hour. 256 00:22:09,620 --> 00:22:11,370 Plummeting to the bottom? 257 00:22:11,460 --> 00:22:13,160 Only 8.8 seconds. 258 00:22:39,400 --> 00:22:42,360 In 1987, Yuyuan Tourist Mart launched, 259 00:22:42,570 --> 00:22:45,900 bringing about stockholding reform in Shanghai. 260 00:22:45,950 --> 00:22:49,240 Seven years later, Shanghai Fashion Corp made its big debut. 261 00:22:49,240 --> 00:22:52,950 On listing day, the SSE Index was unpredictable. 262 00:22:53,040 --> 00:22:57,420 With Chinese New Year approaching, institutional investors were inactive. 263 00:22:57,420 --> 00:23:01,840 Most speculators treat Shanghai Fashion as a "wait and see." 264 00:23:01,840 --> 00:23:04,170 I hear this stock has big backers. 265 00:23:04,340 --> 00:23:06,380 Just buy low, sell high. Don't try to get fancy. 266 00:23:07,680 --> 00:23:08,720 Has it started? 267 00:23:08,760 --> 00:23:10,010 In a few minutes. 268 00:23:14,060 --> 00:23:16,060 Mr. Wang, we're standing by. 269 00:23:16,850 --> 00:23:17,900 Sounds good. 270 00:23:20,270 --> 00:23:23,690 -What's today's fund position? -¥150 million on hand. 271 00:23:23,690 --> 00:23:27,110 And are the traders and computers ready? 272 00:23:27,110 --> 00:23:29,620 We ran a test yesterday. No problems. 273 00:23:29,620 --> 00:23:33,450 At the Exchange, we have three trading seats all to ourselves. 274 00:23:33,450 --> 00:23:36,290 Just in case, I also contacted two other brokerages 275 00:23:36,290 --> 00:23:41,290 to provide up to five additional seats to guarantee we can trade smoothly. 276 00:23:44,000 --> 00:23:45,380 We're in position. 277 00:23:50,640 --> 00:23:53,300 The call auction from 9:15 to 9:25 is key. 278 00:23:53,310 --> 00:23:55,520 Make sure my funds are in place. 279 00:23:56,140 --> 00:23:57,440 No room for error. 280 00:23:57,440 --> 00:23:58,810 Don't worry. 281 00:24:00,060 --> 00:24:03,020 What's the bidding price you have in mind? 282 00:24:05,480 --> 00:24:07,030 ¥10.88. 283 00:24:13,280 --> 00:24:16,790 110687330 buying Shanghai Fashion, ¥10.88, 5,000 shares. 284 00:24:16,790 --> 00:24:19,620 The first 5 minutes, we watch. 285 00:24:20,040 --> 00:24:21,290 Do nothing. 286 00:24:21,670 --> 00:24:24,880 Let Mr. Bao show how good he is. 287 00:24:26,670 --> 00:24:30,340 100651857 buying Shanghai Fashion, ¥9.50, 10,000 shares. 288 00:24:30,680 --> 00:24:32,510 Still rising. Chase the market. 289 00:24:32,510 --> 00:24:34,100 -Good. -¥10.80 290 00:24:34,350 --> 00:24:36,680 -¥10 in just two minutes. -Pretty good. 291 00:24:36,680 --> 00:24:38,480 Looks like it's still going up. 292 00:24:38,480 --> 00:24:40,980 The price is at ¥10.58. 293 00:24:41,350 --> 00:24:43,690 Mr. Wang, buy a bit if it's below ¥11. 294 00:24:43,770 --> 00:24:45,940 If it goes above ¥11, hold off. 295 00:24:46,780 --> 00:24:48,110 Six more minutes. 296 00:24:48,360 --> 00:24:50,700 Try to keep it steady around ¥10. 297 00:24:51,030 --> 00:24:54,910 Mr. Qiang won't have quit just because he's not the underwriter. 298 00:24:55,120 --> 00:24:56,040 Understood. 299 00:25:00,460 --> 00:25:03,830 We're four minutes in. The price has leveled off. 300 00:25:03,840 --> 00:25:05,540 The current price doesn't matter. 301 00:25:05,540 --> 00:25:09,090 What matters is where the price lands at 9:25 a.m. 302 00:25:09,380 --> 00:25:11,680 That's the real battle. 303 00:25:12,720 --> 00:25:14,550 Who's placing orders now? 304 00:25:14,550 --> 00:25:17,930 Mostly just retail investors. Some of them bigger ones. 305 00:25:17,970 --> 00:25:19,430 Buy Shanghai Fashion! 306 00:25:20,560 --> 00:25:21,940 Let's make our move. 307 00:25:22,310 --> 00:25:24,190 Understood. 308 00:25:27,190 --> 00:25:28,070 Begin. 309 00:25:28,070 --> 00:25:32,070 804534535 buying Shanghai Fashion, ¥12. 310 00:25:33,570 --> 00:25:35,620 Damn, someone's fighting us! 311 00:25:36,410 --> 00:25:39,240 The enemy's on our doorstep. 312 00:25:41,710 --> 00:25:43,670 Look, the price is going up! 313 00:25:44,000 --> 00:25:47,420 Mr. Bao, the price is rising more than expected. 314 00:25:47,420 --> 00:25:49,260 Should we chase it? 315 00:25:49,260 --> 00:25:53,420 Just for a bit. Let's raise our target a little. 316 00:25:53,930 --> 00:25:56,010 What's our cut-off? 317 00:25:57,720 --> 00:25:59,060 I'll tell you. 318 00:26:00,020 --> 00:26:04,230 Let's see if this wild horse makes a run for it. 319 00:26:05,020 --> 00:26:08,520 We'll buy too. We want a piece of that final opening price. 320 00:26:08,520 --> 00:26:10,070 Understood. 321 00:26:11,610 --> 00:26:14,780 110687330 buying Shanghai Fashion, ¥11.74, 10,000 shares. 322 00:26:14,990 --> 00:26:18,080 Watch for WD's bid. They bid, we bury them. 323 00:26:18,160 --> 00:26:21,160 110687330, buying Shanghai Fashion, ¥12.58, 8,000 shares. 324 00:26:21,160 --> 00:26:24,830 804534535, buying Shanghai Fashion, ¥13.80-- 325 00:26:25,290 --> 00:26:30,130 Keep pushing it up as planned. Let's bring this market back to life. 326 00:26:33,470 --> 00:26:36,640 110687330 buying Shanghai Fashion, ¥14.88, 10,000 shares. 327 00:26:36,640 --> 00:26:38,680 ¥14.52, 100,000 shares. 328 00:26:38,800 --> 00:26:40,060 Shanghai Fashion's taking off! 329 00:26:40,140 --> 00:26:41,970 A whale has entered. 330 00:26:42,390 --> 00:26:46,520 I've never seen such a ferocious opening gambit. 331 00:26:47,310 --> 00:26:49,060 Bao's been slapped. 332 00:26:51,940 --> 00:26:55,950 Don't take our foot off the gas. Keep pushing at this pace. 333 00:26:55,950 --> 00:26:57,280 That'll show 334 00:26:57,410 --> 00:27:00,830 investors are optimistic about Shanghai Fashion's shares. 335 00:27:03,250 --> 00:27:05,750 The price is already approaching ¥15. 336 00:27:05,750 --> 00:27:08,880 Three minutes until the opening price is set. 337 00:27:08,880 --> 00:27:11,710 This is way higher than what Mr. Bao said. 338 00:27:11,710 --> 00:27:13,800 Mr. Cai, it's at ¥15.16. 339 00:27:14,130 --> 00:27:16,630 The hype for Shanghai Fashion is incredible. 340 00:27:16,640 --> 00:27:19,140 I've never seen anything like it. 341 00:27:20,850 --> 00:27:25,180 Mr. Bao, should we keep chasing? 342 00:27:25,390 --> 00:27:28,350 If not, let's hold off on more funding. 343 00:27:28,360 --> 00:27:33,020 He's using other people's money. That's why he's being so reckless. 344 00:27:33,030 --> 00:27:36,530 Shares bought at this price are going to lose half their value. 345 00:27:36,530 --> 00:27:40,700 Since Mr. Qiang likes grabbing shares, let's satisfy him. 346 00:27:42,160 --> 00:27:46,540 We'll sell 500,000 shares at ¥17.74. 347 00:27:47,830 --> 00:27:54,340 Miss, sell half of my shares of Shanghai Fashion at ¥17.74. 348 00:27:54,340 --> 00:27:55,210 Understood. 349 00:27:55,300 --> 00:27:57,600 110687330, selling Shanghai Fashion, ¥17.74, 500,000 shares. 350 00:27:55,300 --> 00:27:57,600 {\an8}"Total Position: 500,000" 351 00:28:06,270 --> 00:28:10,270 All seats, order in lots of 100,000, and push the price... 352 00:28:11,190 --> 00:28:12,730 to ¥18.88. 353 00:28:12,980 --> 00:28:15,570 All seats, maintain this rhythm and take turns bidding. 354 00:28:15,570 --> 00:28:23,280 804534535 buying Shanghai Fashion, ¥17.84, 100,000 shares. 355 00:28:23,370 --> 00:28:26,040 To ¥18 Well be rich!! 356 00:28:26,120 --> 00:28:28,500 Should we keep chasing, Mr. Wang? 357 00:28:29,080 --> 00:28:30,120 Understood. 358 00:28:40,970 --> 00:28:42,140 That's it. 359 00:29:02,700 --> 00:29:04,870 -¥18.88! -For real? 360 00:29:06,450 --> 00:29:08,660 Someone suggested ¥10. 361 00:29:08,960 --> 00:29:10,960 Mr. Bao's suggestion, right? 362 00:29:12,460 --> 00:29:14,290 I'm thinking a bit higher. 363 00:29:15,300 --> 00:29:16,460 How much higher? 364 00:29:16,710 --> 00:29:18,550 ¥18.88. 365 00:29:18,590 --> 00:29:21,220 Keeping your word takes true skill. 366 00:29:21,220 --> 00:29:25,390 Such a high opening price. Their backer must be really powerful. 367 00:29:25,600 --> 00:29:29,930 From here on out, Southern Investments has a foothold in Shanghai. 368 00:29:31,100 --> 00:29:34,770 The dominant buyer today was clearly Southern. 369 00:29:35,480 --> 00:29:37,900 Mr. Bao, prepare for the worst. 370 00:29:38,110 --> 00:29:41,940 For years, Mr. Qiang and I have been rivals. 371 00:29:41,950 --> 00:29:43,200 I haven't lost once. 372 00:29:43,200 --> 00:29:44,490 In the stock market, 373 00:29:44,490 --> 00:29:47,740 whether it's stocks or stock traders, 374 00:29:47,740 --> 00:29:50,410 we can't let our emotions get involved. 375 00:29:50,410 --> 00:29:52,620 He's the one acting emotionally. 376 00:29:53,330 --> 00:29:58,250 Today, he made me suffer in silence. Next time, I'll return the favor. 377 00:30:04,260 --> 00:30:09,260 Mr. Bao must feel great, selling 500,000 shares at ¥18.88! 378 00:30:04,260 --> 00:30:06,690 {\an8}"Net Assets: 31,887,632.29" 379 00:30:07,650 --> 00:30:09,980 {\an8}"Total Position: 500,000" 380 00:30:10,180 --> 00:30:11,680 You don't understand. 381 00:30:12,020 --> 00:30:15,730 A company and its backer have a delicate relationship. 382 00:30:18,520 --> 00:30:22,320 If the backer no longer seems reliable, 383 00:30:22,610 --> 00:30:26,160 their bond can fray and give the rival an opening. 384 00:30:26,700 --> 00:30:29,950 Thank you, Mr. Qiang. ¥18.88. 385 00:30:30,120 --> 00:30:34,540 Other Nanjing Road companies couldn't even dream of opening at that price. 386 00:30:34,540 --> 00:30:38,880 And such a lucky number too. Our chairman is overjoyed. 387 00:30:39,880 --> 00:30:42,420 A retail investor named Mr. Bao said ¥10. 388 00:30:42,420 --> 00:30:44,880 An institution named Southern said ¥18.88. 389 00:30:44,880 --> 00:30:46,050 Who's the whale? 390 00:30:46,470 --> 00:30:48,180 Mr. Cai should know now. 391 00:30:48,350 --> 00:30:50,180 More hands make a stronger flame. 392 00:30:50,180 --> 00:30:51,390 Mr. Qiang, please 393 00:30:51,390 --> 00:30:53,850 continue to advise us. 394 00:30:54,140 --> 00:30:55,850 It's tough being on top. 395 00:30:57,730 --> 00:31:01,440 Now let's see how well Mr. Bao protects his position. 396 00:31:04,280 --> 00:31:06,150 Hang Bao up. 397 00:31:08,580 --> 00:31:10,080 Burn him slowly. 398 00:31:12,660 --> 00:31:16,420 Mr. Qiang's blitzkrieg shattered conventional wisdom. 399 00:31:17,540 --> 00:31:21,210 The opening of an underdog stock became a bidding war. 400 00:31:21,920 --> 00:31:25,380 Everyone who missed out was left feeling bitter. 401 00:31:28,600 --> 00:31:32,890 Shanghai's never seen such a fierce fight over who would be the main backer. 402 00:31:32,890 --> 00:31:34,520 Should we give chase? 403 00:31:35,940 --> 00:31:38,020 Move slowly, watch carefully. 404 00:31:38,900 --> 00:31:41,320 After taking on such big positions, 405 00:31:41,610 --> 00:31:44,320 they can't get out so easily. 406 00:31:45,570 --> 00:31:48,400 Southern Investments' triumphant first battle 407 00:31:48,740 --> 00:31:51,910 cemented their reputation in Shanghai's stock market. 408 00:31:52,580 --> 00:31:55,750 Mr. Qiang regained the trust of Shenzhen HQ. 409 00:31:55,910 --> 00:31:57,920 In order to assert his dominance, 410 00:31:58,370 --> 00:32:00,380 over the next five business days, 411 00:32:00,460 --> 00:32:03,340 he mobilized various holding accounts, 412 00:32:03,590 --> 00:32:05,800 sending bullish signals to the market. 413 00:32:05,920 --> 00:32:09,970 Traders responded, and Shanghai Fashion surged to ¥25. 414 00:32:10,140 --> 00:32:13,930 In five days, Shanghai Fashion has risen over 30%. 415 00:32:13,970 --> 00:32:15,310 Just buy it. 416 00:32:15,310 --> 00:32:17,140 Even for fun. 417 00:32:18,350 --> 00:32:22,360 For a new stock's share turnover to exceed 100%, 418 00:32:22,440 --> 00:32:27,940 that means every initial share has changed hands at least once. 419 00:32:28,280 --> 00:32:30,610 I think it can keep going. 420 00:32:31,490 --> 00:32:34,160 Sell 500,000 prize shares to him. 421 00:32:34,540 --> 00:32:35,330 Then, 422 00:32:35,330 --> 00:32:37,370 we hold no more shares. 423 00:32:38,000 --> 00:32:40,500 Retreat when the enemy advances. 424 00:32:40,750 --> 00:32:44,460 Master his moving pattern. Then kill him while he's moving. 425 00:32:48,260 --> 00:32:50,260 I decide to do the opposite. 426 00:32:50,380 --> 00:32:52,550 Engage him in a protracted war. 427 00:32:52,760 --> 00:32:56,010 First step. Forsake the center, occupy the wings. 428 00:32:56,220 --> 00:32:58,680 No territorial spats.No attrition. 429 00:32:58,680 --> 00:33:00,560 Trade space for time. 430 00:33:00,600 --> 00:33:02,100 Lure him deeper. 431 00:33:03,770 --> 00:33:06,360 What's this computer for, Captain Cai? 432 00:33:06,360 --> 00:33:10,400 Right now, when you buy shares, you fill a form at a trading counter, 433 00:33:10,450 --> 00:33:13,280 which becomes an off-floor order, which then goes through a floor broker. 434 00:33:13,450 --> 00:33:14,990 "Tangible trading," we call it. 435 00:33:14,990 --> 00:33:19,000 Modern brokers use what's called "intangible trading." 436 00:33:19,200 --> 00:33:23,620 This computer collects orders randomly into a "tractor account," 437 00:33:23,630 --> 00:33:27,960 which trades in small batches, like a retail investor. 438 00:33:28,000 --> 00:33:32,180 In reality, all the money comes and goes from a single source. 439 00:33:32,180 --> 00:33:36,300 This smokescreen lets people place trades discretely. 440 00:33:37,060 --> 00:33:40,060 There's immense selling pressure. Should we jack up the price? 441 00:33:40,060 --> 00:33:42,350 We can profit on the way down. 442 00:33:42,480 --> 00:33:46,650 Remember these four words "Short covering is key." 443 00:33:46,730 --> 00:33:47,770 Got it. 444 00:33:47,980 --> 00:33:50,690 New orders. Reversal arbitrage.Short cover. 445 00:33:50,700 --> 00:33:54,740 We sell at the daily high and buy back at the daily low. 446 00:33:54,740 --> 00:33:56,580 Maintain the size of our position. 447 00:33:56,580 --> 00:34:00,500 So we're letting prices fall... Why? 448 00:34:00,750 --> 00:34:02,460 To seize the initiative. 449 00:34:02,580 --> 00:34:04,080 To force out Ah Bao. 450 00:34:04,210 --> 00:34:05,420 Over the next two days, 451 00:34:05,420 --> 00:34:09,090 bearish price trends wiped out Shanghai Fashion's momentum. 452 00:34:09,090 --> 00:34:12,510 Riding rumors of the backer's exit, Southern's tactics dropped the price 453 00:34:12,630 --> 00:34:15,930 to ¥23.80, where it traded sideways for a few days. 454 00:34:15,930 --> 00:34:18,100 If the price rose, they'd sell. 455 00:34:18,100 --> 00:34:19,890 If it dropped, they'd push it back. 456 00:34:19,890 --> 00:34:20,930 For now, wait. 457 00:34:20,930 --> 00:34:27,440 They would trade sideways for three days, drop the price, then repeat. 458 00:34:27,440 --> 00:34:31,440 Such zigzagging strategies bewildered Shanghai's retail investors. 459 00:34:31,440 --> 00:34:33,780 Why the hell is it dropping like that? 460 00:34:33,780 --> 00:34:38,240 Anyone who bought in at ¥25 will be trapped in for a long time. 461 00:34:39,370 --> 00:34:43,870 From ¥18.88 up to ¥25, then back down to ¥18.88. 462 00:34:44,040 --> 00:34:46,540 Is Qiang running out of steam? 463 00:34:47,290 --> 00:34:50,960 Let's hold off and see if he's playing dead. 464 00:34:51,420 --> 00:34:54,590 What's Qiang doing, Captain Cai? 465 00:34:54,590 --> 00:34:57,220 1 million shares sold, averaging ¥19.50. 466 00:34:57,220 --> 00:34:59,970 And then buying them back that day with another account 467 00:34:59,970 --> 00:35:01,640 at an average price of ¥18.80. 468 00:35:01,640 --> 00:35:04,730 In one day, they made ¥790,000. 469 00:35:05,190 --> 00:35:08,310 -All while maintaining his holdings... -That's right. 470 00:35:08,310 --> 00:35:11,320 Normally, we buy low and sell high. 471 00:35:11,400 --> 00:35:15,740 This is my first time seeing someone sell high and buy low. 472 00:35:15,780 --> 00:35:20,580 We used to call this move "helping grandma down the stairs." 473 00:35:21,160 --> 00:35:23,700 Lower the price step-by-step. 474 00:35:23,790 --> 00:35:27,000 Short, then cover it, all while controlling the market. 475 00:35:27,000 --> 00:35:29,670 Helping grandma should be done gently. 476 00:35:29,670 --> 00:35:31,670 The way he's doing it will kill the old lady. 477 00:35:31,710 --> 00:35:33,630 He wants to force us out. 478 00:35:34,170 --> 00:35:38,140 Who says only one person can use this strategy? 479 00:35:38,180 --> 00:35:42,680 We'll secretly join in, and lend a helping hand. 480 00:35:44,430 --> 00:35:45,600 Understood. 481 00:35:46,690 --> 00:35:50,020 -Start the tractor account. -It's tractor time! 482 00:35:50,980 --> 00:35:53,360 Next, we used a tractor account 483 00:35:53,440 --> 00:35:56,360 to follow Southern's movements and buy low. 484 00:35:58,700 --> 00:36:01,950 Got it. We have our orders. Start building our position. 485 00:36:01,950 --> 00:36:04,450 Buy 50,000 shares of Shanghai Fashion in batches. 486 00:36:04,450 --> 00:36:05,910 -Got it. -Begin. 487 00:36:07,040 --> 00:36:10,710 110687330 buying Shanghai Fashion, ¥17.00, 2,500 shares. 488 00:36:09,390 --> 00:36:12,180 {\an8}"Available Funds" 489 00:36:11,500 --> 00:36:14,380 110687330 buying Shanghai Fashion, ¥17.30... 490 00:36:15,880 --> 00:36:17,590 "Total Position: 6,575,800" 491 00:36:17,630 --> 00:36:20,010 A new position's been established. 492 00:36:20,140 --> 00:36:22,470 Now we wait for the annual report. 493 00:36:22,470 --> 00:36:23,640 Our profit? 494 00:36:24,220 --> 00:36:25,560 Over 15%. 495 00:36:25,680 --> 00:36:28,350 Both of our funds are profiting. 496 00:36:29,060 --> 00:36:33,270 Let's ambush Mr. Qiang, and capture him alive. 497 00:36:33,650 --> 00:36:35,400 With the price dropping like this, 498 00:36:35,400 --> 00:36:37,530 can Shanghai Fashion handle it? 499 00:36:40,070 --> 00:36:41,910 They'll come to me if they can't. 500 00:36:43,780 --> 00:36:48,250 Mr. Bao, it's down to ¥18. The head office calls three times a day. 501 00:36:48,250 --> 00:36:50,710 What am I supposed to tell them? 502 00:36:51,250 --> 00:36:54,750 Don't just make money for yourself. Do something. 503 00:36:56,550 --> 00:37:01,550 I wanted to start low and rise. Southern forced you to start high and fall. 504 00:37:01,760 --> 00:37:05,300 I'm a shareholder too. I'll do what I can. 505 00:37:05,510 --> 00:37:10,270 But I can't support the price by myself. I need your help too. 506 00:37:10,270 --> 00:37:14,310 Nanjing Road's listed companies all performed well this year. 507 00:37:14,360 --> 00:37:18,360 Shanghai Fashion should also give its shareholders a reward. 508 00:37:18,690 --> 00:37:20,030 Their bonus share ratios? 509 00:37:20,030 --> 00:37:22,860 Some 8:10, some 10:10. 510 00:37:24,450 --> 00:37:26,580 Bonus shares come from profits. 511 00:37:26,660 --> 00:37:30,830 Without sufficient profits, we'd be pawning off our assets. 512 00:37:31,750 --> 00:37:36,170 Shanghai Fashion's 100 years old, but it's still a small company. 513 00:37:37,500 --> 00:37:39,130 If you want to change that, 514 00:37:39,130 --> 00:37:42,970 you have to raise share capital, and give shareholders confidence. 515 00:37:42,970 --> 00:37:47,140 In a weak overall market, you have to jumpstart that yourself. 516 00:37:50,640 --> 00:37:52,390 I understand your proposal. 517 00:37:52,400 --> 00:37:55,480 But our final plan will be decided by the board 518 00:37:55,480 --> 00:37:57,690 and voted on by shareholders. 519 00:37:58,480 --> 00:38:05,820 We won't be outdone when it comes to rewarding shareholders. 520 00:38:12,120 --> 00:38:13,120 Captain Cai! 521 00:38:13,120 --> 00:38:16,000 Is it possible for Shanghai Fashion to offer a high bonus share ratio? 522 00:38:16,000 --> 00:38:17,170 Of course it is. 523 00:38:17,170 --> 00:38:19,500 You know what kind of company this is? 524 00:38:19,500 --> 00:38:20,500 What kind? 525 00:38:20,630 --> 00:38:22,670 A future Pierre Cardin collaborator. 526 00:38:22,680 --> 00:38:26,300 A target for foreign acquisition, with strong fundamentals. 527 00:38:26,340 --> 00:38:29,680 -Look at the value investing report. -Wow. 528 00:38:29,720 --> 00:38:32,730 Newspapers don't joke. It's the real thing. 529 00:38:32,810 --> 00:38:36,810 The next few days, Shanghai Fashion's price slowly started to rise. 530 00:38:36,810 --> 00:38:40,820 Rumors stated its annual report would reveal strong profits 531 00:38:40,820 --> 00:38:43,320 and high-ratio bonus share issuance. 532 00:38:43,450 --> 00:38:49,700 You look relaxed today. I take it your investments bore fruit? 533 00:38:51,370 --> 00:38:53,540 We'll see after they ripen. 534 00:38:55,920 --> 00:38:58,580 Mr. Cai, I heard you're issuing, 535 00:38:58,710 --> 00:39:03,170 for every 10 shares held, 5 bonus shares and 5 converted shares. 536 00:39:06,220 --> 00:39:10,430 Mere rumors. We don't have a plan in place. 537 00:39:11,220 --> 00:39:15,100 Our final decision will depend on the circumstances. 538 00:39:15,390 --> 00:39:17,850 You must reward your shareholders, 539 00:39:18,230 --> 00:39:20,650 but also leave room for expansion. 540 00:39:21,570 --> 00:39:24,440 An annual report is an opportunity. 541 00:39:24,530 --> 00:39:27,240 With an alliance like ours, 542 00:39:27,660 --> 00:39:31,660 both good news and bad news can bring enormous profits. 543 00:39:31,740 --> 00:39:32,910 Good point. 544 00:39:34,080 --> 00:39:37,120 Everyone else coming to us 545 00:39:37,330 --> 00:39:42,380 asks for good performance and bonus shares. 546 00:39:43,670 --> 00:39:46,720 Only you, Mr. Qiang, didn't have any demands. 547 00:39:47,050 --> 00:39:49,680 I admire your way of thinking. 548 00:39:54,720 --> 00:39:56,730 What's Mr. Bao been up to? 549 00:39:57,100 --> 00:40:01,610 They haven't made a move, but retail investors have been active. 550 00:40:02,780 --> 00:40:04,730 He's only fooling himself. 551 00:40:05,280 --> 00:40:06,440 Follow the money. 552 00:40:07,530 --> 00:40:10,910 Find out where it's coming from. 553 00:40:13,120 --> 00:40:15,870 Mr. Bao has two funds. 554 00:40:16,080 --> 00:40:18,710 A factory owner named Mr. Ning. 555 00:40:18,750 --> 00:40:21,630 A Taiwanese merchant named Mrs. Lin. 556 00:40:21,750 --> 00:40:24,460 Mr. Bao's managing their funds. 557 00:40:25,920 --> 00:40:29,130 Is this money pooled in Mr. Bao's own account, 558 00:40:29,140 --> 00:40:31,970 or kept in the owners' separate accounts? 559 00:40:32,100 --> 00:40:37,310 Separate accounts. Mr. Bao is trading on their behalf. 560 00:40:42,560 --> 00:40:47,280 First we cut off his arms, then we bleed him dry. 561 00:40:53,240 --> 00:40:54,080 Yes? 562 00:40:54,080 --> 00:40:56,240 Mr. Ning went to the trading counter 563 00:40:56,240 --> 00:40:58,250 and cancelled all standing orders. 564 00:40:58,250 --> 00:40:59,540 He transferred the account 565 00:40:59,540 --> 00:41:03,130 to Southern's Zhejiang office, and sold all the shares. 566 00:41:03,170 --> 00:41:05,960 Cashed out ¥34.1 million. He's gone. 567 00:41:06,920 --> 00:41:10,090 -He also left a message. -What? 568 00:41:10,970 --> 00:41:12,510 "Leave some petty cash 569 00:41:12,680 --> 00:41:14,510 for the Shanghainese guy." 570 00:41:17,850 --> 00:41:19,890 How much did he leave? 571 00:41:20,730 --> 00:41:21,850 Less than ¥200,000. 572 00:41:21,850 --> 00:41:26,320 He sold the shares for ¥34.38 million and took back his principal plus interest. 573 00:41:26,320 --> 00:41:28,150 This is all that's left. 574 00:41:29,860 --> 00:41:32,200 Mr. Ning wants more profit, 575 00:41:33,160 --> 00:41:37,200 so we'll promise him big profits as Shanghai Fashion expands. 576 00:41:38,000 --> 00:41:43,420 Mr. Bao's arrangement with Mrs. Lin all hinges on Li Li's guarantee. 577 00:41:45,540 --> 00:41:50,380 If Li Li backs out, so will Mrs. Lin. 578 00:41:54,050 --> 00:41:56,220 Let Mr. Bao taste 579 00:41:58,520 --> 00:42:00,520 his own "corpse removal". 580 00:42:03,980 --> 00:42:04,980 Hi. 581 00:42:04,980 --> 00:42:08,320 I'll take The Grand Lisbon. 582 00:42:10,900 --> 00:42:13,070 You weren't interested in restaurants. 583 00:42:13,070 --> 00:42:14,910 New day, new rules. 584 00:42:15,740 --> 00:42:17,280 Price is up. 585 00:42:17,540 --> 00:42:18,740 How much? 586 00:42:19,240 --> 00:42:20,740 15%. 587 00:42:25,710 --> 00:42:26,880 Too much. 588 00:42:27,090 --> 00:42:29,130 New day, new rules. 589 00:42:30,760 --> 00:42:32,420 When can we sign? 590 00:42:36,180 --> 00:42:37,340 Anytime. 591 00:42:39,180 --> 00:42:42,560 The call I feared most finally arrived. 592 00:42:43,350 --> 00:42:45,230 I've sold The Grand Lisbon. 593 00:42:45,440 --> 00:42:47,940 Mrs. Lin's shares will transfer to Southern. 594 00:42:48,360 --> 00:42:52,740 ¥3 million of the profits will be transferred to your account. 595 00:42:54,200 --> 00:42:55,860 Thank you for telling me. 596 00:42:59,620 --> 00:43:01,620 Then I'll cancel my guarantee. 597 00:43:02,000 --> 00:43:06,790 Without The Grand Lisbon as collateral, Mrs. Lin will cancel the contract. 598 00:43:06,790 --> 00:43:09,170 You'll deal with the consequences. 599 00:43:11,840 --> 00:43:15,760 I can also tell you that you're not the only buyer. 600 00:43:15,930 --> 00:43:18,600 I will fight this my own way. 601 00:43:19,390 --> 00:43:20,430 Win, 602 00:43:20,470 --> 00:43:21,810 2 people win. 603 00:43:22,180 --> 00:43:23,180 Lose, 604 00:43:23,180 --> 00:43:24,680 only one loses. 605 00:43:27,480 --> 00:43:29,690 My whole portfolio: 120 million. 606 00:43:29,730 --> 00:43:32,780 -largely from Mrs. Lin and Mr. Ning. 607 00:43:34,820 --> 00:43:39,070 These funds had to go through WD before they matched me 1:1. 608 00:43:39,410 --> 00:43:44,660 With half of my funds gone, so too was the basis for my leverage. 609 00:43:46,160 --> 00:43:47,660 How big is Mr. Bao's position? 610 00:43:47,670 --> 00:43:49,290 He holds 2.8 million shares. 611 00:43:49,290 --> 00:43:50,540 Based on my calculations, 612 00:43:50,590 --> 00:43:53,500 with his remaining assets, and accounting for our financing, 613 00:43:53,500 --> 00:43:56,760 if the stock price falls to ¥10, he'll be completely wiped out. 614 00:43:59,220 --> 00:44:00,640 Welcome. 615 00:44:07,350 --> 00:44:08,390 Welcome. 616 00:44:09,310 --> 00:44:10,650 Congrats. 617 00:44:10,690 --> 00:44:11,860 Good selling price. 618 00:44:12,230 --> 00:44:13,480 Right timing. 619 00:44:14,030 --> 00:44:18,530 Mrs. Lin, you'll need to talk to Mr. Qiang if you still want The Grand Lisbon. 620 00:44:19,030 --> 00:44:20,660 He'll come to me. 621 00:44:27,040 --> 00:44:29,540 One false step, all false steps. 622 00:44:30,040 --> 00:44:34,250 The capital, so arduously raised, became computer symbols overnight. 623 00:44:35,550 --> 00:44:37,880 Blood and sweat, all for nothing. 624 00:44:48,230 --> 00:44:50,230 That's what killed Mr. A.