Starting with a fully invested A-share portfolio to become a capital...

Chapter 137: A Mixture of Negative and Positive Factors Usher in a Bull Market in China

Tuesday, June 9nd.

With the conclusion of the National College Entrance Examination (Gaokao) yesterday, the capital market has begun to assess how much economic stimulus the 1020 million graduates will generate.

In 2008, 10.5 million people took the college entrance examination, and 599 million were admitted, meaning only 60% of the candidates were able to enter university.

If we continue to calculate based on a 60% ratio, the 10.2 million in 2009 would mean 6 million people entering university and 4 million entering the workforce.

The most obvious consumer impact of 600 million college students is mobile phone sales, because when traveling far away, people often need a mobile phone to contact their families.

Even if a student's family can't afford a new phone, the parents will buy a used feature phone or simply give their own phone to their child.

In addition, many students take graduation trips or engage in "revenge spending" after graduating from high school.

These 600 million students represent potential consumer spending, directly benefiting sectors such as electronics consumption, telecommunications operators, tourism, and food.

As for the 400 million young workers, they are also a potential consumer group, and they have more spending power than the 600 million prospective college students.

In recent years, after the annual college entrance examination, the capital market has considered the consumption growth potential brought by the graduation of vocational school and senior high school students.

However, several major events occurred in the capital market on June 8th of this year.

1是5月新增信贷反弹至6645亿元，但企业盈利数据仍不乐观，央企1-5月利润同比下降31.5%，市场开始质疑政策效果的滞后性。

2. On June 10th, the government will release the PPI and CPI data for May.

However, due to the decline in manufacturing PMI data, many institutions predict that the CPI may fall by 1.3% year-on-year in May, and the PPI may fall by 6% year-on-year.

3. Institutions are clearing out their holdings and reducing their positions.

On June 8th, a market commentary claimed that the Huaxia Large-Cap Selection Hybrid Fund and the Huaxia Strategy Selection Hybrid Fund, managed by star fund manager Wang Yawei, significantly reduced their holdings above 2600 points, with a single-day sell-off ratio reaching 15%.

Combined with the "Doji" pattern on June 8th, it's obvious who is bearish.

Many people may not know Wang Yawei, but he was a prominent figure in the public fund market in 2009, and could even be called an industry benchmark!

In 1993, he graduated from the Department of Electronic Engineering at Tsinghua University, while also pursuing a double degree in Business Administration from the School of Economics and Management.

In the same year, he joined Huaxin International Cooperation Company, where he worked in business and later became involved in securities investment.

He joined Huaxia Securities Yanjing East Fourth Branch in 1995 as the Research Department Manager.

In April 1998, he participated in the establishment of China Asset Management Co., Ltd., and served as the assistant manager of the first fund, "Xinghua Fund". The following year, he was promoted to fund manager, managing 2 billion yuan.

In just one year, he rose from assistant manager to fund manager and managed 2 billion yuan, which speaks volumes about his incredible personal abilities.

He did not disappoint investors. In December 2005, he took over the Huaxia Large-Cap Selection Hybrid Fund, and in 2007, with a return of 226.24%, he crushed the second-place Huayou Core Selection Fund's 191.51% to win the annual championship.

Wang Yawei is bearish on A-shares and has liquidated a large portion of his holdings. What will other trading managers think?
One piece of good news and three pieces of bad news intertwined, making the A-share market on June 9th unpredictable, and many investors were trembling with fear.

[Sunny Day]: These market hype articles are really damn harmful! When will the China Securities Regulatory Commission (CSRC) do something about this? They're saying that Wang Yawei, a benchmark fund manager, has liquidated his entire portfolio. I just went all in yesterday, and I hope it doesn't cause a limit down! Damn it!

[Sleepy Puppy]: Oh no, oh no, there's bad news everywhere. I feel like yesterday was a bull trap, just waiting to bury everyone today. Damn the major players!

[Loves Wahaha]: These institutions are really something else. They significantly reduced their holdings at 2600 points. Do they think only retail investors believed in the bull market's potential?
[Wheat Manor]: I've been fooled by Li Daxiao again. I've fully invested in his "accumulated strength bull" strategy, and this time I'm really going to be a high-flyer!
While stock market investors were trembling with fear, financial media outlets were fanning the flames, accelerating the spread of panic.

Shocking! Public fund benchmark Wang Yawei reportedly drastically reduced his holdings by 15% in a single day at the 2600-point mark. Has this bull market peaked?

Li Daxiao's Latest Statement! The Market Has Shifted from a Bull Market of Accumulation to a Bull Market of Recovery; He Urges Buying Good Stocks, Being a Good Person, and Receiving Good Fortune!

Today's question: With millions of students navigating the single-plank bridge of the college entrance examination, can the 1020 million graduates offset recent market downturns?

Multiple institutions predict a significant drop in May's CPI and PPI. Chen Zhimin, a star manager at E Fund Management, publicly stated that there are substantial short positions above 2800 points, and if the May CPI and PPI economic data are negative, it may indicate a short-term peak.

Amid a barrage of negative news and financial media reports, many investors expressed concern about the "doji" candlestick pattern.

……

And on the other side.

Zhangjiang, the capital of Shanghai.

The sixth floor of Building A, Changtai Plaza.

The renovation workers have arrived one after another and are remodeling the overall layout of this floor according to the plan given by Xu Zhiruo.

Zhang Yang, Liao Guopei, and Lin Guangchang arrived at the conference room one after another. After the door was closed, the noise from the renovation was very low.

"Good morning, both of you. Let me briefly summarize the negative news."

Zhang Yang opened the conversation and continued, "First, the profits of central state-owned enterprises fell by 31.5% year-on-year from January to May. China's corporate economy is dominated by state-owned enterprises, which is a huge negative factor for the recovery of the corporate economy."

"2. The May CPI and PPI will be released tomorrow. Institutions have already taken a bearish view, allowing retail investors to digest the negative news."

"3. Institutions significantly reduced their holdings at 2600 points. Without new positive news, the market may trend sideways and oscillate."

In Zhang Yang's view, of the three negative news items, the only one that truly qualifies as negative is the decline in the net profit of central state-owned enterprises.

The CPI and PPI can already be found in the manufacturing PMI data, and now many institutions are bearish, which is obviously to let the market digest this news in advance.

If no information is released at all, it could easily lead to a black swan event when the data is finally published.

This is why, as economic data release date approaches, market commentators and institutions always jump out to make predictions.

to be honest.

This is what it means to get a vaccination.

After listening to Zhang Yang's account, Liao Guopei offered his opinion: "Since there are so many negative news, we can wait and see."

"I also think we can wait and see."

Lin Guangchang nodded in response.

The A-share market is never short of opportunities; you could say there are opportunities every day.

The real reason why many retail investors get trapped and fleeced as soon as they enter the market is because they are too impatient and rush into the market before the situation is clear.

"Hmm, I'll observe the pre-market auction first. If there's a market manipulator behind Kainuo Technology, they might take this opportunity to drive down the stock price."

Zhang Yang affirmed the two men's line of thinking.

Excluding the company's restricted shares and the top ten shareholders, Kainuo Technology still has 3.8 million shares circulating in the market.

Dividing 3.8 million shares by 8.12 shareholders, the average shareholding per person is 4679 shares, which means the average shareholding per shareholder is 20447 Chinese yuan.

Kaino Technology and Jianfeng Group are very similar; both experienced a surge in retail investors after reaching their peak in 2007.

从2007年5月见顶14.46元后，凯诺科技的股价就一路下跌到2008年11月4号的1.97元，跌幅高达86.38%。

However, despite the continuous decline, the number of shareholders increased from 57442 to 8.12. Many of these shareholders were retail investors who came in with the mentality of "buying the dip" and then got deeply trapped.

Goldman Sachs once released a survey showing that 85% of Chinese stock investors are keen on bottom-fishing. If the stock price drops by 10%, they think it's the bottom; if it drops by 20%, they think it's the bottom; and if it drops by 50%, they are convinced it's the bottom.

Compared to chasing highs, falling prices often trap most Chinese stock investors, because they love to "buy the dip"!
Between 2007 and 2008, it is no exaggeration to say that although stock prices kept falling, the number of investors was rising wildly, because new investors were trapped as soon as they entered the market and could only helplessly pretend to be dead.

Because it is a year of recovery from the stock market crash, many stocks are actually in a state of "no major shareholders," with only retail investors who are deeply trapped.

Zhang Yang speculated that, like the previous owner of Kainuo Technology and Jianfeng Group, the old man had already run away. Even if there were a manipulator now, he wouldn't have collected too many chips, and could easily compete to become the manipulator.

……

As 9 a.m. approached, the FTSE A50 index futures listed in Singapore experienced a significant drop, plummeting from a slight increase of 0.12% to a decrease of 0.43%. The chart pattern closely resembled a "severing blade" (a sharp, slashing arrow).

Retail investors became even more agitated upon seeing the sharp drop in index futures.

[Dark and Windy Night]: Could it really be about to crash? Economic data is sluggish, institutions are liquidating their positions, state-owned enterprises' net profits are declining, and even foreign investors are not optimistic about our A-shares!
[Flying Motorbike Boy]: I can already smell the faint poop smell of the bear. Everyone, you'd better watch yourselves. Anyway, I'm out of the market.

[Lonely Wolf]: Damn it, I should never have played value investing. Let me get out first before it drops! Thank God!

Some are happy while others are sad. After signs of a sharp drop appeared, some retail investors who had already gone short or had light positions opened champagne.

[Ares, the God of War]: With the manufacturing PMI index declining, IPOs resuming, the establishment of the ChiNext board, and the rampant H1N1 flu, to be honest, I really don't understand why anyone would still be fully invested.

[Tomato Fried Rice]: New stock investors are so stubborn. They'll learn their lesson after losing 20,000 yuan. Based on my ten years of stock trading experience, the A-share market is about to crash. Thinking about it reaching 3000 points is just wishful thinking.

[When the Moon Shines]: As soon as Li Daxiao appeared, I knew nothing good was going to happen. Those with full holdings, may they have good luck.

As time progressed, the opening auction phase began at 9:15 AM.

The banking and securities sectors saw significant gains, with stocks like China Construction Bank, Industrial and Commercial Bank of China, and Huaxin Securities rising by 0.39%, 0.44%, and 0.27% respectively, providing reassurance to all investors.

Those who frequently trade stocks know that banks hold a significant position in the A-share market, acting as a major support. If banks don't fall, it's difficult for any other sector to drive the Shanghai Composite Index down.

However, as 9:20 arrived, some sectors accelerated their decline, such as power generation equipment, shipbuilding, coal, non-ferrous metals, cement, steel, and aviation sectors. Among them, the aviation manufacturing sector fell by 4.7% due to the pessimistic sentiment of the International Air Transport Association.

Why is IATA pessimistic?

On June 1, the same day General Motors filed for bankruptcy, Air France Flight AF447 crashed in the Atlantic Ocean, killing all 228 people on board. The European Aeronautic Defence and Space Company (EADS), the parent company of Airbus, has yet to offer an explanation.

On various social media platforms such as Twitter, Facebook, and YouTube, a large number of netizens began to discuss whether air travel is safe.

Some people say it's safe because airplanes have the lowest accident rate among commonly used modes of transportation, far lower than cars or ships.

Some people say it's unsafe because if an airplane accident occurs, the chances of passengers escaping are almost zero.

Cars have a high accident rate but a low fatality rate.

Airplanes have a low accident rate but a high fatality rate.

A large number of netizens around the world are discussing what kind of transportation is considered safe and whether it is still safe to fly.

Because of these negative factors, the aviation manufacturing sector and the entire aviation industry in the A-share market are undergoing significant adjustments.

The banks' strong support ultimately couldn't hold up the index. At 9:25 AM, the opening auction ended, and the Shanghai Composite Index opened at 2766.51, slightly lower than the previous trading day's 2768.34.

The Shenzhen Component Index, however, has a different story. It closed at 10611.75 on the previous trading day and opened at 10648.06 today, a slight increase.

Looking at the two major indices, it is quite clear that traditional sectors are undergoing a correction.

For example, sectors such as coal, non-ferrous metals, cement, and steel are mostly listed on the Shanghai Stock Exchange.

When Liao Guopei saw that Kainuo Technology opened flat at 4.37 yuan, he stroked his chin and analyzed, "From 9:15 to 9:20, the selling pressure was small, but from 9:20 to 9:25, the selling pressure gradually increased, and finally it closed flat. Is there a major player controlling the stock?"

"Could it be that it was dragged down by the overall market? I see that banks and securities are both in the green, but the Shanghai Composite Index opened lower."

Lin Guangchang inquired.

Each of the three had a laptop in front of them. Zhang Yang thought for a moment and said in a deep voice, "Judging from the intraday chart of the opening auction alone, it's impossible to determine whether it's a new major player controlling the market or a result of the overall market dragging down. Let's wait for the market to open."

A top-tier speculative investor must first learn to understand the market and find entry points.

The fundamental reason why retail investors lose money is often because they blindly enter the market and build positions. Zhang Yang would definitely not make this mistake.

9 points.

The A-share market officially opened.

As if they had heard a signal flare, domestic and foreign capital rushed to flee. In less than five minutes, domestic capital had withdrawn 57 billion yuan and foreign capital had withdrawn 22 billion yuan. The Shanghai Composite Index also seemed to deflate, and began to explore downwards continuously.

2765 points.

2755 points.

2742 points.

The sudden pullback caught all stock market investors off guard.

[Stock trading is so much fun]: Something's happened, the blood has really collapsed, holy crap! The main funds ran away too fast, those bastards, I'll fuck your mother!

[Crazy Happy]: Awesome! They're not even going to put on an act anymore, are they? 100 billion yuan ran away in less than ten minutes. It must be that bastard Wang Yawei dumping shares again. Shouldn't the China Securities Regulatory Commission arrest him?
[Call Me Lin Bei]: Lin Bei, I'll fuck your mother! In the time it takes to take a dump, I lost 4000 yuan. Lin Bei took a dump and made 4000 yuan. I'll crush your main force's lazy poop!

The double sell-off by both domestic and foreign investors stunned Li Daxiao, who was firmly bullish on the market. He thought that the sell-off shouldn't have happened so quickly, especially since IPOs and the ChiNext board hadn't been restarted or established yet.

What about the national team?

"The national team can't possibly not participate!"

Li Daxiao scratched his head.

According to his analysis, the current round of A-share market activity could last until the resumption of IPOs and the establishment of the ChiNext board.

why would you say so?

This is similar to the opening event of a new store.

Even if you later want to use inferior meat and gutter oil to increase revenue and profits, you won't choose to do it on the opening day.

To put it bluntly, A-shares can fall, but you can't fall at critical junctures!
Li Daxiao stuck to his point of view, positioned the camera correctly, and started recording the video.

[Comrades, as of 9:39 AM, the Shanghai Composite Index is down 0.99%, currently at 2741 points. The drop is indeed a bit significant, but as the old saying goes, after the storm comes the rainbow. Let's not be defeated by the current difficulties. Let's persevere, stay true to our original aspirations, buy good stocks, be good people, and we will be rewarded. The bull market is here!]
As the video was released, many Weibo users who heard the phrase "the bull market is building momentum" felt both amused and exasperated.

[Wind Howling]: Teacher Da Xiao, you keep saying it's building up strength for a bull market. I'm just saying, have you actually gone all in?

[Loves Popsicles]: I'm really crying. I just came back from breakfast and my securities account is missing 1.7 yuan. This is the most expensive breakfast I've ever had. Is Niu still around?
[Lying Corpse Immortal]: The bullish momentum has broken down. Li Daxiao is a complete fraud. The Shanghai Composite Index has already broken through the 5-day moving average and is heading straight for the 10-day moving average. Still calling it a bull market? More like bull dung!

While retail investors were cursing and complaining about the poor performance, the banking sector showed no signs of correction and instead exhibited a trend of increasing trading volume and rising prices.

Upon seeing this, Zhang Yang immediately remarked, "The national team should be entering the field now; it seems there's a lot of selling pressure today."

"Support funds?"

Lin Guangchang looked at Zhang Yang.

Liao Guopei also looked at Zhang Yang and asked, "Can we tell whether the national team has entered the market just by looking at the rise and fall of the banking sector?"

“No.” Zhang Yang shook his head and continued, “I don’t know if you remember Huijin increasing its holdings in the four major banks on May 11th.”

Huijin increased its holdings…

"Should we increase our holdings of bank stocks?"

Liao Guopei and Lin Guangchang clearly had no recollection of this, because short-term speculative capital doesn't require a complex overall perspective; it only needs to know that "capital is king."

Many retail investors simply don't understand what their trading style is or what indicators they should be looking at.

When playing the short-term sentiment game, looking at performance is completely useless. Speculative funds prefer companies that have been losing money for years and have small market capitalization.

Which companies have good performance?
Market capitalization leader!
To control a leading stock by market capitalization, the amount of capital required is enormous!

This is why it is said that in the short term, we look at capital and sentiment; in the medium term, we look at trends and performance; and in the long term, we look at the development potential of the field.

If you're a short-term trader focused on performance and growth potential, you're unlikely to make much money, because speculative capital rarely touches stocks with strong performance; at best, they only profit from following market trends.

For example, if you're investing for the long term and only look at capital, sentiment, performance, and trends, ignoring the company's growth potential, you could also face a financial disaster.

Take ST Zhongfangji, a leading enterprise in textile machinery, for example. Once you take a long-term view, you'll find its growth points.
This can only be used to anticipate the removal of the "hat" designation, and should never be used to anticipate long-term development.

Seeing that the two had no recollection of it, Zhang Yang explained: "In May, Huijin issued an announcement that it would increase its holdings of A-shares of the four major banks through the Shanghai Stock Exchange's trading system."

He immediately followed up with a question: "Considering this news in conjunction with the resumption of IPOs and the establishment of the Growth Enterprise Market (GEM), what comes to mind?"

"Is the government preventing A-shares from falling?"

"There is a risk of a sharp drop in A-shares."

Liao Guopei and Lin Guangchang are both speculative investors and have a certain understanding of the market.

"Yes."

Zhang Yang nodded and said, "The meaning from above is very clear: A-shares cannot experience a sharp decline for the time being, because this would affect the resumption of IPOs and the establishment of the Growth Enterprise Market."

"So..." Liao Guopei thought of something and asked, "Can we go all in now?"

"Fully invested?!"

Lin Guangchang is already eager to get started.

According to Zhang Yang, there is absolutely no need to worry about the two major A-share indices, because state funds will step in.

"almost."

Zhang Yang nodded slightly and looked at the Lenovo laptop screen, which showed that the stock price of Kainuo Technology had fallen to 4.23 yuan, a drop of 3.2%.

"If the Shanghai Composite Index rebounds, we will buy in, following the index's fluctuations. This way, retail investors and speculative funds won't notice."

"understand!"

"Roger that!"

The three kept a close eye on the intraday chart of Kainuo Technology and gradually built up their positions in small increments between 4.23 yuan and 4.25 yuan.

10 points.

The banking sector suddenly reversed course, and selling pressure in many sectors suddenly increased. Zhang Yang, Liao Guopei, and Lin Guangchang all frantically bought shares of Kainuo Technology amid the volatility.

As of 11 a.m., Zhang Yang had bought 54 shares, Liao Guopei had bought 79 shares, and Lin Guangchang had bought 61 shares, for a total value of 820 million.

The three individuals did not buy randomly; rather, they made quantitative purchases based on the main force capital outflow chart and split the buy orders into multiple smaller orders. This way, the net capital inflow page would only show retail investor inflows.

……

The market opened in the afternoon.

The A-share market experienced a strong recovery.

The banking sector is no longer just providing support, but is leading the charge. China Construction Bank is currently trading at 5.29 yuan, up 3.32%, and Industrial and Commercial Bank of China is currently trading at 4.79 yuan, up 3.23%.

As a leading sector in the bull market, the securities sector saw particularly strong gains, with Huaxin Securities currently trading at 28.24 yuan, up 4.25%.

Besides banking and securities, sectors such as insurance, oil, automobile manufacturing, and power have all seen varying degrees of recovery and growth.

Among them, the insurance sector saw gains of over 4.5% in both Huaguo Life Insurance and Huaguo Taiping Insurance, supporting the index's performance.

As the overall market is recovering, Kainuo Technology is also recovering, rising from a low of 4.21 yuan to 4.34 yuan, and is still rising.

Speculative funds prefer strong recovery rallies when they want to build positions.

Because when prices fall, you can take advantage of the situation to buy shares at low prices, and when prices rise, you can follow the trend to buy shares, all without anyone noticing.

Of course.

Every accumulation of shares has its flaws.

Take turnover rate as an example. Kainuo Technology's turnover rate has approached 5%, entering the high turnover range. This indicator cannot be avoided through technical means, because if you want to accumulate shares, you will increase the turnover rate.

To maintain secrecy, Zhang Yang immediately called a halt, saying, "We can't buy anymore. The turnover rate is too high, and it's easy for retail investors or other speculative funds to spot our activity. We'll continue accumulating shares tomorrow."

"can."

Lin Guangchang nodded in response.

"How much did you buy?" Liao Guopei asked the two of them.

Zhang Yang glanced at his account and said, "Exactly 100 million shares, purchased at 4.27 yuan, and currently up 1.64%."

Lin Guangchang: "I own 133 million shares."

"Then I'll take an extra 216 million shares," Liao Guopei said with a smile.

The three are now working as a team and have agreed to split the profits in a 50/30/20 ratio once the final returns are realized. Zhang Yang, who provided insider information and coordinated the operation, will take 50%, Liao Guopei, who has a large amount of capital, will take 30%, and Lin Guangchang, who is involved in the operation, will take 20%.

"449 million shares, the accumulation is a bit slow, but we do need to be cautious ahead."

Zhang Yang muttered to himself.

Initial position building should be slow, because if other speculative funds or retail investors discover that someone is secretly building a position, it is easy to be targeted.

This kind of sniping isn't about crashing the market; it's about forcibly taking advantage of your situation.

For example, if you discover that Kaino Technology is showing signs of accumulation, it means that it may suddenly surge with a positive candlestick on a certain day. At that time, you can definitely buy in and take advantage of the upward trend.

Truly skilled speculative investors and institutions can often control target stocks without anyone noticing.

……

While Zhang Yang was directing the fundraising, Cen Siyuan, the director of the ICP license approval department of the Shanghai Communications Administration, responded repeatedly.

"no problem!"

"I'll take care of it right away!"

"Don't worry, Director Wang, this is a small matter, we can handle it. I'll take care of it personally, don't worry!"

"Go, go, go!"

"Next time I go to Yanjing, I'll visit you!"

As the call ended, Cen Siyuan let out a long sigh of relief and said, "It's one thing for Director Nie from Hangzhou to call, but now even Director Wang from Yanjing is asking for advice. Which young master or heiress is starting a business? Their status is too high!"

Despite his feelings, he didn't hesitate for a moment and immediately called the clerk in charge of ICP license approval.

"Dududu-"

After a brief busy signal, the call was connected.

"Director, you wanted to see me?"

"Xiaoqiang, stop what you're doing for a moment and help me find the ICP application materials for 'Fortune Research Information Co., Ltd.'. I need to review and approve them in person."

"Good director."

"Well, go get busy."

As soon as the call ended, Cen Siyuan was about to make a cup of tea when his phone rang again. He looked closely and, lo and behold, it was another number from Beijing.

In 2009, when the internet was underdeveloped and telecom fraud was rare, Cen Siyuan naturally wouldn't have considered it a nuisance call.

He pressed the answer button and asked softly, "Hello, who is this?"

"Shanghai Communications Administration Bureau, Cen Siyuan, is that Director Cen?" The other party got straight to the point.

"Yes, who are you?"

Upon hearing the other party reveal their identity, Cen Siyuan's tone became much more polite, and even the way he addressed them changed from "you" to "you (formal)."

"This is the Beijing Communications Administration Bureau. We're calling to ask you to submit the ICP application materials for 'Fortune Research Information Co., Ltd.' to the Administration Bureau for processing."

"..."

Cen Siyuan immediately fell silent.

He had only suspected it before, but now he was certain that the owner of this "Fortune Research Information LLC" company possessed unfathomable power.

It's important to know that, apart from Shanghai, a special economic zone city, other special economic zones like Liancheng, Qingdao, Xiamen, and Shenzhen allow local authorities to directly approve commercial ICP licenses without requiring document review.

Now that a call has come from Yanjing, although he doesn't know anything about "Fortune Research Information Co., Ltd.", Cen Siyuan still nodded repeatedly and said, "I'll go find the information myself right away."

"Okay, enter the electronic file and send it to the headquarters' email address. It should be completed within an hour, but it's okay if it's a little late."

The other party first gave a time limit, then added that it was okay.

Anyone who has worked in the workplace or the system knows that what may seem like a bunch of nonsense when spoken by a leader is actually full of profound meaning.

To put it bluntly, if this statement were useless, the leader wouldn't have said it in the first place.

Having secured this position, Cen Siyuan naturally understood the other party's meaning and quickly replied, "Half an hour, half an hour is enough."

"No need to rush, do what you can."

"It's all about serving the people."

After another half-minute of formal conversation, Cen Siyuan hung up the phone, which had made him sweat profusely, and decided to go find the information himself.

next second.

"咚咚-"

"Director, here are the documents you requested."

Clerk Lin Qiang strode in and placed the documents on the table.

Cen Siyuan glanced at it briefly, noted down the applicant's name, "Zhang Yang," and then handed it to Lin Qiang, saying, "Type it into an electronic document and send it to the General Administration's email address within half an hour."

"half an hour?"

Lin Qiang suddenly felt a headache coming on.

The application materials were not difficult to enter, but the format took time, as he was not very proficient in electronic documents.

"Isn't it enough?"

Cen Siyuan raised an eyebrow.

"Enough, enough, enough." Seeing the other party's expression, Lin Qiang didn't dare to say a word of dissent and quickly took the documents to ask for help.

After Lin Qiang left, Cen Siyuan tapped the table lightly and muttered to himself, "Zhang Yang... Zhang Yang, why does this name sound familiar? I feel like I've heard it somewhere before."

……

Three o'clock in the afternoon.

The two major A-share indices closed.

Thanks to the intervention of state funds, both the Shanghai Composite Index and the Shenzhen Component Index have shown a trend of turning from weak to strong. The Shanghai Composite Index closed at 2787.89 points, up 0.71%, while the Shenzhen Component Index closed at 10740.09 points, up 1.21%.

As for Kainuo Technology, which was bought on dips by Zhang Yang, Liao Guopei, and Sun Guodong, it closed at 4.35 points, down 0.46%, with a turnover rate of 5.7% and a net inflow of negative 974 million yuan from major investors on that day.

As the A-share market rebounded from weakness to strength, Li Daxiao, who has always been bullish, released another video after the market closed.

In the video, his eyes were smiling, and he couldn't suppress the smile as he said:
"Oh dear, what should we do? What should we do? 'Accumulating strength bull' doesn't seem to describe the current Chinese stock market. It's too strong! All the heavyweight stocks are soaring. Let's call the current Chinese stock market 'Blooming Bull'! Comrades, our Blooming Bull has arrived!"

"Let's buy good stocks, be good people, and reap good rewards. The Chinese stock market is beginning to flourish!"

The video garnered over 500 likes in just a short time after it was posted, and the number of comments increased dramatically.

[Xiao Student]: It has to be Teacher Da Xiao! He really is a powerhouse. After just one round of accumulation, the price skyrockets. I made 9000 yuan today.

[Violent Youth]: Here it comes! Our Chinese stock market has ushered in a new bull market, a blooming bull, huh? If it doesn't bloom tomorrow, I'll beat Li Daxiao into a blooming bull!
[Xiaoxue Loves Investing]: I believed what Teacher Daxiao said and bought some blue-chip stocks. I made 27 yuan in three months. Now I not only have a higher status in my family, but I can also afford to go out with male models.

[Uncle from Shanghai]: In 2007, we were able to plummet from 6000 points to 1800 points. In 2009, we can similarly rise from 1800 points to 6000 points. I boldly predict that in 2010, the Chinese stock market will break through 10000 points. Thumbs up for the bull market!

　With the market doing so well today, everyone should have made money, right?
　　Tomorrow, Thursday, the first lucky winner will be drawn based on the last two digits of the Shanghai Composite Index, and will receive a prize of 50 yuan.

　　To put it simply, the monthly pass lottery rules are as follows: if the last digit is 01, it will be shifted to a three-digit number, for example, 3455.01. The reader with the 51st pass will win. The hundreds digit will be drawn on Friday, and the thousands digit will be drawn the following Monday.

　　Also, on the 1st of next month, there will be red envelopes in the group. The rule is that for every 1000 monthly tickets this month, 100 yuan will be given. The current total is 300 yuan. If you haven't joined the group yet, you can join as soon as possible to avoid missing out.

　　
　
(End of this chapter)