Reborn since 1993

Chapter 1414 Take away
In Guangdong Province, at the headquarters of Nanguo Investment Securities, Zhang Rong stared at the stock price trend of 3721 on his computer. Just now, he had made that phone call to the trading team sent to Hong Kong.

Nanguo Investment has invested heavily this time, preparing to snap up shares of 3721 in Gangcheng.

To acquire a large amount of leverage, one needs to be strategic and methodical. It's impossible to lower the price from the outset, as that would make the intention too obvious.

On the contrary, the kind of manipulation that drives up the stock price and then dumps it sharply can make retail investors want to cash out and force them to sell a lot of their shares.

As for Nanguo Investment, Zhang Rong doesn't actually care about the current share price of 3721; all he wants are shares.

In Zhang Rong's eyes, the price of fifty Hong Kong dollars was merely an appetizer; what he wanted was not just a share price of 3721 Hong Kong dollars.

The objective was indeed achieved. Just now, when the price was fifty Hong Kong dollars, a large number of 3721 shares were sold off, and many people who had previously subscribed to 3721 shares chose to cash out their profits.

What bothered Zhang Rong was that there were clearly quite a few institutions that shared his views. The 3721 chips that the retail investors had sold off were obviously being fought over by many institutions against Nanguo Investment.

Seeing that the situation was not going well, and that it was no longer realistic to rely on this method to grab chips, Zhang Rong, who was always decisive and bold, decided not to wait any longer and directly ordered Nanguo Investment to start buying up chips in large quantities.

What upset Zhang Rong was that just as Nanguo Investment started to buy up shares, other institutions also joined in the buying frenzy, and the shares that the retail investors had just sold were swept away in an instant!

This was Zhang Rong's first time dealing with Hong Kong and overseas counterparts, and he truly felt how difficult those overseas counterparts were to deal with. They were all too experienced. They could predict what Nanguo Investment was up to and wouldn't give Nanguo Investment the slightest chance to gain an advantage.

However, Zhang Rong was not discouraged. Only such an evenly matched opponent could ignite Zhang Rong's fighting spirit.

Unlike the domestic securities managers and fund managers who only want to dominate the domestic market and fleece investors, Zhang Rong has always wanted to compete with his overseas counterparts.

The current strength of Nanguo Investment is certainly far inferior to that of Hong Kong City Investment Group, as well as overseas investment institutions such as Japan Investment Group and Wall Street Investment Group, but Zhang Rong also wants to give it a try.

In any industry, if you don't even have the courage to compete with the top experts, you'll never be able to surpass them in your lifetime. This is unacceptable to Zhang Rong, who is naturally proud and good at making big moves.

Zhang Rong still has the fighting spirit now, and hasn't yet experienced the various massacre-like operations that Wall Street and other overseas institutions carried out against domestic institutions in his previous life. Only then can he have this kind of mindset. Otherwise, if he loses his edge, he will probably only become a bully within his own ranks.

However, Zhang Rong's early entry into the Hong Kong stock market with 3721 shares has given him the opportunity to compete with various peers and rivals. Whether this is good or bad for Zhang Rong and Nanguo Investment remains to be seen.

If given the opportunity, under Zhang Rong's leadership, Nanguo Investment will be able to gain a foothold in the port city and establish itself as a leading inland institution.

It can increase experience, deal with Hong Kong and overseas institutions, know their routines and methods, and be able to fight back. It will eliminate fear and make Nanguo Investment the top institution when returning to the mainland.

As for the worst outcome, it would be to be utterly crushed in one fell swoop, slink back to the inland in disgrace, and never dare to look south again.

……

After 3721's stock went public, Zhou Hongyi and a group of 3721 employees couldn't help but nervously stare at the large screen in the ceremony hall.

Every fluctuation in the stock price made Zhou Hongyi's heart tighten, and the Inland East Science Group members Lei Jun, Qiu Bojun, and Wang Jiangmin, who came with her, were also experiencing such a scene for the first time.

First, they watched as the stock price soared, rising by 70% in one go, and watched as the market value of 3721 directly broke through 10 billion Hong Kong dollars. The whole hall was filled with exclamations, followed by deafening applause.

Reporters and media at the scene were flushed and shouted themselves hoarse as they reported to the camera that 3721 had set a new record for Hong Kong stocks on its first day of trading.

But when the 3721 stock price hovered around HK$50, or even fell below HK$50, the scene was completely silent.

Every fluctuation in the stock price of 3721, every tick of the decimal point, stirs the hearts of countless people.

This kind of frenzy caused by stock price fluctuations was something Lei Jun and his team had never truly witnessed before.

Compared to the crowd who were intently watching the stock price, Li Dongling appeared relaxed and showed no signs of worry.

As for what he said to the media today, what would happen if the 3721 stock price did not reach HK$100 as he predicted?
What else can be done? Philanthropist Li has no idol image to maintain and doesn't care about fame at all.

Furthermore, given the current frenzy in the internet market, if 3721's stock price didn't reach HK$100 today, will it reach it tomorrow or the day after?
Li Dongling wasn't worried at all. When the stock price of 3721 really broke through HK$100, supporters would naturally jump out to defend the great philanthropist Li.

"The current sideways movement is normal trading; no one is intentionally shorting the market!"

Liang Botao stood in front of Li Dongling and whispered to him, "Peregrine is responsible for guaranteeing 3721's stock price, ensuring that it will not fall below the issue price within a month."

But how high it can rise is beyond Peregrine's control. Peregrine can't possibly say how much money they'll invest to push 3721's stock price to a certain level; that's unrealistic. Li Dongling nodded. "Peregrine still needs to keep a close eye on 3721, just in case something unexpected happens."

After saying that, Li Dongling glanced at the time. It was almost noon, the closing time of the trading day, so he prepared to leave.

But just as Li Dongling, Ning Wenke, Zhou Hongyi, and the others reached the entrance of the ceremony hall, a loud exclamation suddenly came from behind them.

Upon hearing this, Zhou Hongyi hurriedly looked behind him and witnessed a scene he would never forget.

Just moments ago, the stock price had fallen below HK$50 to 3721, but now it seems to have taken some kind of stimulant and has started to rise wildly.

The fifty Hong Kong dollars that had just been considered a hurdle were now as fragile as paper, easily torn with a gentle poke.

The seemingly enormous sell orders are now being swallowed up like a whale, with the trading volume on the screen continuously increasing, from 800 million to 1 billion, then 1.5 billion, and the numbers keep rising.

This trading volume and turnover rate indicate that the 50 million shares issued before 3721's listing are being continuously exchanged for new buyers!

Only professional investment institutions, such as securities firms, insurance companies, funds, trust funds, and large investors, can afford to make such large-scale investments.

Even the well-informed Liang Botao was somewhat alarmed by this scene, because he knew that such a large amount of money and such a high turnover rate could not be accomplished by a single institution alone!
Clearly, a group of institutions are currently pouring into 3721 and frantically buying up shares!
By midday closing, 3721's share price had jumped from HK$50 to HK$63, a gain of over 100%!

In just one morning, 3721's stock price exceeded HK$63, and its market value broke through HK$10 billion, soaring to HK$12.6 billion.

3721's performance this morning can only be described as astonishing; it wouldn't be an exaggeration to say that it left countless people speechless.

On the Hong Kong Stock Exchange, 3721 did not suffer from any problems; on the contrary, its performance exceeded many people's expectations!
Within a morning, 3721's price surged by over 100%, reaching HK$63. At this point, many people couldn't help but recall Li Dongling's pre-market prediction for 3721's share price.

Many people present couldn't help but have the same thought: Could it be that the 3721 stock price could really break through HK$100 today?
If they really succeed, it would be a legendary achievement, and they wouldn't even need a second internet stock to come along. The internet sector in Hong Kong would already be a force to be reckoned with!
"I think 3721 can start preparing for the victory celebration now!"

Li Dongling smiled and said to Zhou Hongyi and the others, "No matter how high the stock price of 3721 is today, it has already become a legend. And tomorrow, Zhou Hongyi will be the focus and cover figure of Hong Kong, the mainland and the global Internet."

……

At the midday close of Hong Kong stock trading, Lu Dongliang was still looking at the stock price of 3721 on the screen.

In just one morning, the stock price of 3721 doubled, and in just a few hours, Lu Dongliang's initial investment of two million Hong Kong dollars turned into two million two hundred and sixty thousand Hong Kong dollars. In just a few hours, his profit exceeded 26%!

At that moment, Lü Dongliang finally understood why Nasdaq was so crazy, attracting countless people to speculate on internet stocks—the money was just too easy to make.

This kind of trading strategy, where you can achieve a return of nearly 30% in just a few hours, is something that people in the traditional stock market would never have dared to dream of.

Having experienced this kind of crazy stock trading and the explosive growth of your account balance, would you still value those traditional stocks like banks, insurance companies, automobiles, clothing, and real estate, which might not even rise by 10% in a year?

When the market opened in the afternoon, under the watchful eyes of Lü Dongliang and all the investors in Gangcheng.

3721 put on a spectacular show for Hong Kong stocks – what a phenomenal performance!

From 1 p.m. when the market opened until 4 p.m., on the stock interface of 3721, there was only one line that kept rising, occasionally pausing but then quickly being pulled up again.

When the Hong Kong stock market closed, Lu Dongliang slumped into a chair. He never imagined that one day, seeing such a stock that had been so heavily pumped up would make him so nervous.

At the same time, China.com was the first to report the news on its website, and subsequently, Sina, NetEase, Sohu, as well as overseas internet media such as Yahoo, MSN, AOL, and Lycos also began to report on it.

"As of today's market close, 3721's share price reached HK$112.4 on its first day of trading, a gain of 260%!"

"3721's market capitalization has exceeded HK$224 billion!"

"Influenced by the listing of 3721, Cyberport saw a surge in its stock price, with a single-day increase of over 8%!"

"Shares of companies like SoftBank and Yahoo! Japan surged today due to their investments in 3721!"

(End of this chapter)