Ultimately, when the real estate market collapsed, it accumulated nearly three trillion in debt.
In fact, the 'empty glove, white wolf' tactic is a standard operation for all real estate companies.
However, the Company's excessiveness lay in the fact that its prosperity was only superficial.
Long before the real estate crisis, the Company's properties had already entered a cold winter, in a state where they couldn't be sold or moved.
Yet, the bank's approval process completely disregarded their loss-making annual reports, still classifying them as high-quality clients.
Every year, they allocated large sums of money to them, allowing the Company to expand pointlessly.
Xu Zhi grinned. With the Company's expansion, his influence had grown considerably in recent years.
At Daheng Group, he most liked everyone calling him by his name, and every employee had to address him as "President Xu" upon seeing him.
It showed that he was not a low-key or humble person.
Xu Zhi smirked disdainfully, "Where else would the money come from if not the bank? Your words sound very noble; did you give birth to it? Aren't all of you here the same? This is an open secret in the industry."
After Xu Zhi finished speaking, a hint of smugness even appeared on his face.
His words directly implicated all the tycoons present.
What was originally a conflict between Jiang Cheng and Xu Zhi, his statement made them feel somewhat involved.
Jiang Cheng was not flustered.
With his current capital, there was no one present, not even Richest Man Wang, whom he needed to curry favor with.
So what if his words were a bit arrogant?
He said calmly, "Of course I know how you so-called tycoons make money, but so what?"
His voice wasn't loud, but it clearly reached everyone's ears.
Everyone was moved, and they began to realize that this young man was not so easy to deal with.
Jiang Cheng continued, "It's common to borrow money to start a business, but don't forget, borrowed money always has to be repaid. One must have a bottom line; never use Huaxia's money to honor foreign parents!"
These words were like a bombshell, causing a stir in the hearts of those present.
Xu Zhi and Xu Jiayin's faces turned extremely ugly, and the people around them began to discuss amongst themselves.
Jiang Cheng continued, "If a person deceives even their own country and nation, what right do they have to talk about success?"
His gaze swept across the room. Jiang Cheng displayed a powerful aura, making people look at him with new respect.
"You..." Xu Zhi was speechless by Jiang Cheng's retort, his face alternating between green and white, clearly not expecting the other party to be so aggressive.
Seeing that Xu Zhi was about to lose his temper.
Richest Man Wang, who was beside him, spoke up, "Xu Zhi, why are you getting angry? Jiang Cheng is right. We real estate developers have indeed been like this these past few years. I'm also in real estate, and I dare to accept these words. If you dare to do it, you dare to admit it, right? When you find a problem, you should solve it, not cover it up."
Seeing Richest Man Wang scolding his son, Xu Jiayin, who was beside him, couldn't sit still and began to protect his son.
Jiang Cheng wasn't Wang Cong, and Richest Man Wang was already speaking up for him. How could he tolerate his own son being rebutted like this?
"Old Wang, what do you mean by this? You're not coveting our Company, are you?"
Xu Jiayin knew that Richest Man Wang looked down on him; sometimes when they attended events together, he would often wear a sour face.
"Old Xu, how could I not know the situation of real estate? And coveting it?"
Seeing his father and Jiang Cheng both attacking, Wang Cong, sitting nearby, couldn't help but feel a little delighted.
He even stood up, took out his phone, opened the selfie camera, and held his hand as high as possible.
He captured half of his face and the other people in the shot.
Immediately after, he posted it directly to his Social Media Platform.
"A fiercely contested meal, very flavorful."
Seeing that the situation was about to get out of control, Huang Sheng immediately said, "Eat, eat?"
As a successful businessman, Huang Sheng would naturally not easily trust others.
Before collaborating with Star, he conducted an in-depth investigation into Star's background.
However, the intelligence he obtained left him confused and puzzled.
The information was full of ambiguity and uncertainty, as if someone had deliberately concealed the truth.
And what puzzled him the most was the identity information about Jiang Cheng.
According to his investigation, Jiang Cheng's grandfather was indeed rumored to be the Chairman of Mingsheng Group, but these rumors lacked conclusive evidence.
Those in Modu who were in the know also dared not use definitive statements, as if their memories had deviated.
They were all vague phrases like "I seem to remember, I heard it might be..."
Just then, Huang Sheng suddenly thought of a way to test Jiang Cheng.
So, he feigned curiosity and asked, "President Jiang, I heard your grandfather is Chairman Jiang of Mingsheng Group. Is that true?"
Hearing Huang Sheng's words, Jiang Cheng nodded in acknowledgment without the slightest hesitation.
Xu Zhi was about to explode, but seeing Huang Sheng say this, he immediately suppressed his anger.
He had, of course, heard of Mingsheng Group; it was very famous.
However, he hadn't deeply understood the Company, much less its actual controller behind the scenes.
After several previous probes, Jiang Cheng clearly understood that his identity was not only protected by the system but also secretly guarded by his Great-Grandfather.
Mingsheng Group had always maintained a veil of mystery, with very few people knowing his Second Great-Uncle's true identity.
As Jiang Cheng's identity was revealed, all the tycoons present showed a look of sudden realization on their faces.
Although Jiang Cheng's original intention was to subtly mock the Xu father and son, his words still caused many of the tycoons present to feel somewhat exposed.
If it weren't for Richest Man Wang's presence, hearing Jiang Cheng speak like that, they would have long since lost face and left.
But at this moment, these tycoons stood motionless, as if under a freezing spell, their smiles becoming stiff.
Moreover, in just a moment, these tycoons all changed their expressions, each putting on a flattering and ingratiating smile, as if the unpleasantness had never happened.
"Haha, Young Master Jiang is right!"
"Yes, Young Master Jiang's words are so reasonable!"
"Young Master Jiang is truly young and promising!"
...Everyone echoed, their tones full of sycophancy.
They firmly believed Jiang Cheng's statement that not a single penny was taken from the bank.
After all, despite Mingsheng Group not being listed, its enormous assets were already a well-known fact.
Furthermore, Jiang Chenghong, as the Chairman of the Kyoto Chamber of Commerce, held a position of such high status that no one dared to underestimate him.
Everyone present was from Kyoto and in the business circle; who would dare to disrespect Jiang Chenghong's prestige?
At this moment, everyone's gaze towards Jiang Cheng was filled with awe and envy.
Even Xu Jiayin's expression instantly became exceptionally rich.
He hadn't expected Jiang Cheng to truly have such a background.
No wonder Richest Man Wang held him in such high regard.