Chapter 1105 - 444: The Empty Promise of the New Fund

The Coal Bosses Financial Club is the nickname within the circle for the Jin Province branch of Huaxia Internet Finance Industry Association.

The Huaxia Internet Finance Industry Association itself is an offshore-type imitation organization.

Offshore means this thing is registered overseas where regulations are lax, but operates domestically under the guise of a social organization.

The purpose of doing this is to circumvent domestic laws such as the "Administrative Regulations on the Registration of Social Organizations" and "Interim Regulations on the Registration and Administration of Private Non-enterprise Units", instead only being governed by the "Law on the Management of Domestic Activities of Overseas Non-Governmental Organizations".

Simply put, without doing it this way, such an association could never be registered.

And by imitation, it means directly aligning or even replicating the names of legally registered domestic social organizations — much like how Kangshuaifu mimics Kangshifu.

The Internet Finance Industry Association mimics the national Huaxia Internet Finance Association, with the word "Industry" added.

But the most astonishing part is that this thing’s overseas registration date was even earlier than the official domestic one...

We can only say that Zhang Hong, the founder of the association, truly has expertise and keen senses in operating shady dealings.

Having registered the association, the next step is naturally to cash in.

Note: Organizing various activities under the association’s header doesn’t count as fraud.

Whether it’s fooling people into paying membership fees or holding various training classes, selling heads to fund and securities firms, or providing all sorts of nonsense guidance — it’s all about harvesting leeks, which is legal.

With a clear understanding of what the Internet Finance Industry Association really is, let’s take a look at the Jin Province branch.

Essentially, these people are a group of fools who fell for scams, causing quite a few jokes initially.

However, later these coal bosses made bold advancements in the domestic P2P landscape, taking over a large territory.

Once the P2P industry began to implode, some turned to cryptocurrency, while others who had been ruined went to Southeast Asia to engage in telecom fraud, and some even completely transformed by moving to TikTok to sell shady products...

Truly a Huangpu Military Academy for gray markets... at least one of them.

The so-called Coal Bosses Financial Club initially took shape because they had lots of cash but no projects to invest in, then got fooled twice by Zhang Hong before jumping on board, eventually forming a largely independent Jin Province branch.

This situation originally had nothing to do with Han Lie.

In a previous life, he only knew about it but never engaged with it, nor did he care.

But things are different now.

Dream Garden is about to sell at a high price, yet you’re taking those leeks away; isn’t that stealing my money?!

This is intolerable, chef dumpling without leek and egg is unbearable!

Han Lie immediately raised his alertness to twelve intensity points.

Don’t be fooled by these people still eyeing Dream Garden’s property or wishing to ride on God Lie’s car; once they’ve been fooled twice and see the lucrative prospects of internet finance, they surely won’t want the leftovers Han Lie offers.

Without these people, fools with lots of money as potential clients, how can you drive Dream Garden’s unit price up?

"Is that the case? Such affection is truly touching..."

God Lie asked with interest, "Which trader did they hire? Are they dealing with pure trusts or private placements? Which brokerage opened their account?"

Pan Dajun was stumped by the question.

"I didn’t really pay attention; I thought they probably couldn’t achieve any results, so I was just watching the spectacle... Even knowing a bull market is coming, it’s not easy to make a big profit, not much better than leveraged trading."

Dajun, you’ve got a keen eye.

For coal bosses, the safest bet is engaging in leveraged trading off-market.

Messing around in the financial circle is not the right path.

Han Lie was thinking one thing, yet saying another.

"We’re all fellows; if they can’t profit, I can help! Collaboration is collaboration, right? When I return to the provincial capital from Dream City, if time allows, I can meet them for a chat."

Pan Dajun couldn’t help but feel respectful.

Teacher Han’s heart truly is vast as the ocean!

Meanwhile, Han’s broad heart was secretly stewing—don’t let me know about your positions and strategies, or I’ll wipe you out in an instant!

Starting a new venture?

Are you up for it!

Han Lie, this scoundrelly thing indeed lacks humanity, creating trouble without opposition.

Yet, those coal bosses are not pitiful; forget about their paths to fortune—just look at what they did after transitioning to P2P, for sure there are fish that slip through the net, knocking one out after the other.

God Lie even holds a bit of heroic righteousness in upholding justice...he spits!

While chatting, they arrived at Dream City.

Han Lie naturally had to go home first, and upon arriving, Old Han and Old Ma didn’t even have time to be happy for a while before visitors swarmed and flooded the Han Family.

The first wave of visitors wasn’t even relatives, but neighbors upstairs and downstairs.

Next door was Old Dong, upstairs Aunt Liu, downstairs were Huang Yu and the chatty Sister Wang, Director Xu, coming one after another.

The reserved Old Han was no longer socially anxious; he could chat with anyone, while the fiery Ma Honglian was not being ceremonious with anyone, naturally directing things, so Han Lie knew that all neighbors hadn’t come less frequently since after the new year.

Seeing his parents’ state, Han Lie felt this was pretty good.

Not bad, worthy of reward!

"In a rush coming back, didn’t bring much trouble with gifts for uncle and aunties; a belt for each man from LV, perfume, jewelry, scarves for the ladies, aunties, choose yourselves, don’t be shy, just a small token from your nephew."