Chapter 41: Institutional Seat
At 9:30 AM, Lu Liang finished his workout for the day.
After having breakfast, he called Zhao Haisheng to arrange a time to meet.
Li Manli was also planning to go out to buy some things, so the two of them headed to the underground parking garage together.
She noticed a strange yellow car parked in Lu Liang’s spot and looked around. “Where’s your car?”
“It’s this one,” Lu Liang smiled, opening the car door. Suddenly, a golden bull projection appeared below the car.
“Wow, this is so cool! What car is this?” Li Manli spun around, thinking it must be expensive, but she didn’t recognize the logo.
“Lamborghini.”
“Huh? Is this what a Lamborghini looks like?”
“You didn’t think they only make sports cars, did you?”“Isn’t that the case?”
“...”
Lu Liang sighed, not wanting to explain further. He lightly patted Li Manli’s head. “Get in the car.”
Once inside, Li Manli couldn’t resist touching and fiddling with everything. She even noticed the purchase receipt in the storage compartment.
Her eyes suddenly widened, and she covered her mouth in surprise. “No way, this car costs 3.08 million yuan?!”
Lu Liang responded nonchalantly with a slight hum, “Where are we going?”
“To the north gate of Guojin Center.”
Lu Liang set the navigation and saw it was about two kilometers away. Then he suddenly remembered, “How do you usually get around?”
“Bus No. 11,” Li Manli giggled and then playfully swung her legs back and forth.
Lu Liang was stunned, then laughed. The No. 11 bus was basically walking. He asked, “How’s the driving test going?”
“I’m currently studying for Subject 1.”
“Let me know when you pass, I’ll buy you a car to get around in. It’ll be more convenient.”
Li Manli was taken aback by the sudden surprise, her big eyes wide with excitement. “What car?”
“We’ll talk about it when you pass.”
“I’m definitely going to pass.”
Li Manli pouted playfully. “What car? Tell me!”
“Do you like sports cars?”
Lu Liang chuckled, thinking back to the car show yesterday when he saw a Porsche 718.
The full price for it was probably under 700,000 yuan, perfect for someone who just learned to drive.
Li Manli was overjoyed but suddenly felt a bit self-conscious. “Wouldn’t a sports car be too extravagant?”
“If you don’t want it, forget it,” Lu Liang glanced at her, not indulging her.
“I want it, I want it, I want it!”
While waiting at a red light, Li Manli leaned in and gave Lu Liang a passionate kiss. “Liang Ge, I love you the most.”
Lu Liang took the opportunity to call Li Yue in front of Li Manli and reserved a red Porsche 718.
The standard full price was 670,000 yuan, but the reservation was under Lu Liang’s name, not Li Manli’s.
This meant that no matter who drove the car in the future, the ownership would always belong to Lu Liang.
“Is it really that easy to buy it?”
Li Manli was a little dazed. She hadn’t thought much about it but now couldn’t stop smiling after hearing that Lu Liang had already made the reservation.
“Focus on passing the driving test. If you don’t pass, you’ll just be left staring at it,” Lu Liang teased with a smile.
Arriving at Guojin Center, Lu Liang parked the car at the entrance. Li Manli had a conflicted look on her face. “I suddenly feel so much pressure.”
“Pressure is a good thing. Let’s go,” Lu Liang said.
After crossing the Pujiang River, Lu Liang arrived at the Guotai Securities office.
Zhao Haisheng’s eyes widened, almost dropping his jaw.
In recent days, the stock index had dropped significantly, and many people had contacted him, hoping to apply for higher financing limits to make up for their losses.
At first, he thought Lu Liang was like the others, trying to apply for financing. It seemed his perspective was too narrow.
The stock market crash had not only failed to affect Lu Liang, but it had actually allowed him to make a profit, otherwise, he wouldn’t have had the money to buy a Lamborghini SUV.
The Lamborghini Urus (nicknamed "Wild Bull") was very famous in the car community. Since its release in 2012, it had been hailed as the strongest SUV on the planet.
Even at the price of five million yuan, it was nearly unbeatable.
However, with Rolls Royce’s Cullinan and Bentley’s Bentayga soon to be released, there might be some impact on the Urus’ dominance.
Zhao Haisheng’s thoughts drifted off until Lu Liang called his name, bringing him back to reality. “Mr. Lu, over here please.”
The two of them went to the VIP room on the second floor. Lu Liang went straight to the point. “What are the requirements for renting an institutional seat from Guotai?”
Brokerage accounts were divided into four levels: Level 1, Level 2, VIP accounts, and institutional seats.
Level 1 and Level 2 were ordinary accounts, with added functions like margin trading. VIP accounts could access international markets, but they were still one level below institutional seats.
In normal trading, institutional seats had the highest priority. Whether buying or selling, transactions through institutional seats took precedence over the other three levels.
For example, if 50 retail investors shared a single trading channel, and 10 big investors shared another, an institution would have its own dedicated channel.
If multiple trades occur at the same price at the same time, institutions are guaranteed to be the first to complete their transactions, followed by big investors and retail investors.
Institutions also have the right to engage in pre-market and after-market trading, a privilege not available to ordinary retail investors.
In other words, institutions have the authority to determine a stock’s opening and closing prices.
“Mr. Lu, for our Guotai Securities, the annual channel fee is 1 million yuan, and the account margin cannot be lower than 20 million yuan.”
Zhao Haisheng furrowed his brow. The stock market was in a crash, and renting an institutional seat was akin to going against the current, lighting a lamp in the toilet.
“Is it really that simple?” Lu Liang was surprised. He had spent a lot of time researching this last night and had found some of the qualifications quite complicated.
Zhao Haisheng couldn’t help but smile wryly. “Mr. Lu, it’s not exactly simple. 21 million is not something most people can come up with.”
Though there were various formalities and qualifications, if you had the money, those problems weren’t really an issue.
The 1 million yuan fee wasn’t charged for nothing. The brokerage would take care of everything, leaving clients to simply reap the benefits.
Lu Liang understood.
The 21 million yuan was the biggest hurdle. Even companies with assets exceeding 100 million yuan might not be able to manage it.
He then asked how long the process would take and inquired about the features of the institutional seat.
The response was five working days, but he would need to provide asset proof and details of his asset scale.
Lu Liang pulled out his platinum ICBC card, which had a nine-digit balance. “20 million as the margin, 1 million for the channel fee, and the remaining 79 million will be transferred to the institutional account.”
“Mr. Lu, all you need is to provide proof, and... you can take this back for now. I’ll contact you once the process is complete.”
Zhao Haisheng was stunned, wiping off nonexistent sweat from his forehead.
He was the most familiar with Lu Liang’s rise. Just a few months ago, Lu Liang was someone who needed financing for just 250,000 yuan. Now, he had a cash flow of 100 million yuan.
He probably made money faster than a printing press could print bills.
Zhao Haisheng didn’t dare to ask any questions. If the amount was in the millions, they could still relate to one another. But once it exceeded 100 million, Lu Liang was no longer the type of client he could deal with.
The branch manager, Zheng Wenzhi, was on vacation today but rushed over as soon as he heard the news.
“Mr. Lu, hello, I’m Zheng Wenzhi, the branch manager at the Huanghe Road office. It’s a pleasure to serve you.”
Zheng Wenzhi was all smiles. After all, someone who could invest 100 million was guaranteed to have a total net worth well above that.
“Mr. Zheng, please expedite the rental process. I’m already familiar with the details,” Lu Liang said, pausing for a moment before adding, “Zhao Manager is excellent. He’s good at his job, so please have him continue handling things with me.”
Zheng Wenzhi paused, but didn’t dare refuse. He smiled and said, “Zhao Manager, you’ll be in charge of liaising with Mr. Lu from now on.”
Zhao Haisheng was grateful. “Thank you, Mr. Lu. I will continue to work hard and won’t disappoint you.”
Had Lu Liang not mentioned it, Zhao Haisheng would have just been another employee handling a regular client.
But by mentioning it, Lu Liang made sure that his future earnings would be credited to Zhao Haisheng, not someone else.
Lu Liang smiled and nodded, saying nothing more. He saw in Zhao Haisheng a reflection of his past.
Once, he had also met a big client who wanted to buy eight houses at once. The client wanted more discounts, but Lu Liang didn’t have the authority and could only report it to his superiors. In the end, Liu Jianchun took the opportunity, and Lu Liang ended up with nothing.
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