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

Chapter 145 The China Mergers and Acquisitions Annual Meeting is held; Zhang Yang secretly takes control of the company.

[Radish and Cabbage]: A doji candlestick followed by a large bearish candlestick, with all heavyweight stocks pulling back, it's over, the A-share market may really be about to correct!
[Skateboard Kid]: I knew that a rise with low volume would inevitably be followed by a pullback, because without volume, how can the trapped investors above be released?
[Elite Person]: The low-volume rise in 2007 was because it was making history, and everyone thought it could continue to rise, so no one sold a single share. But the low-volume rise in 2009 means that the trapped shares from the end of 2007 have not been cleared out. The major players are not stupid; how could they possibly continue to push the price up?

[Lingdong Yeren]: I'm watching the "China Mergers and Acquisitions Annual Meeting" at 10:30 this morning. If there's good news, it might continue to rise. If there's no good news, the pullback will be at least 200 points.

At 9:30 a.m., after the A-share market officially opened, a thousand stocks fell, and the pullback was quite significant, especially for heavyweight stocks, which fell by more than 1.5%, with the securities sector experiencing a collective 3% correction.

Why did it drop so sharply?

Funds have a need to hedge against risks!
2009年6月23号10点30分，“华国并购年会”将在燕京国际饭店的中心会议厅举行。

What is the China Mergers and Acquisitions Annual Conference?

This is a business development forum jointly organized by the All-China Federation of Industry and Commerce Mergers and Acquisitions Association, guided by the All-China Federation of Industry and Commerce, and supported by organizations such as the China Listed Companies Association.

The first event was held in Shanghai on April 20, 2003, with the theme "Leadership Value in the Era of Mergers and Acquisitions".

The next three sessions were held in Yanjing, specifically on April 24, 2004, April 28, 2005, and April 15, 2006, with the themes of "Leadership Vision in the Era of Industrial Integration", "Opportunities and Values ​​of Global Mergers and Acquisitions in China", and "Focusing on Mergers and Acquisitions to Enhance Company Value".

2009 marked the seventh edition of the conference, and some market commentators suggested that the theme of this year's China Mergers and Acquisitions Annual Meeting might be related to the international economy.

Another reason why this meeting has attracted so much attention is that Cai Ensheng, deputy head of the China Banking Regulatory Commission, is confirmed to attend.

At the Second China Bankruptcy Law Forum held last weekend, June 20th and 21st, Cai Ensheng mentioned the draft bank bankruptcy law, revealing that the draft "Bankruptcy Regulations for Banking Financial Institutions" has been initially revised, clarifying that the administrative unit will take the lead in the takeover, and making every effort to avoid commercial banks from entering bankruptcy proceedings.

How significant is this news?

It is well known that the Chinese people are famous for their love of saving money.

Whether it's the four major state-owned banks or small banks in rural towns, they all hold a large amount of residents' deposits.

Banks hold a large amount of residents' deposits, and they don't just let them sit and rot. Instead, they lend them out or make venture investments.

Suppose that the subprime crisis strikes again and commercial banks experience widespread bad debts, then before the promulgation of the "Bankruptcy Regulations for Banking Financial Institutions," they could not only apply for bankruptcy, but the proportion of compensation would also not be clearly stipulated.

For example, if you have 100 million yuan in savings and a sudden economic crisis causes the bank where you deposited your money to file for bankruptcy, in the absence of the "Banking Financial Institutions Bankruptcy Regulations", you will need to negotiate with the bank to determine the amount of compensation.

As we all know, banks are “vulnerable institutions”, and in the absence of explicit regulations, it is difficult for ordinary people to argue with them.

Don't think that bank failure is impossible. In Western countries such as the United States and the United Kingdom, especially the United States, a number of banks go bankrupt during every economic crisis. For example, on September 25, 2008, the Federal Deposit Insurance Corporation of the United States announced that Washington Mutual Bank was insolvent and immediately ceased operations. Some of its businesses and branches were acquired by JPMorgan Chase for $19 billion.

For customers with savings below $20, the Federal Deposit Insurance Corporation (FDIC) will fully reimburse the amount. For customers with savings between $20 and $50, 70% will be reimbursed; for customers with savings above $50, 50% will be reimbursed…

Only with clearly stipulated compensation ratios can one legally protect their rights.

This Washington Mutual Bank is not some small, rural bank; it has a 119-year history and once had $3000 billion in assets and $1880 billion in deposits.

Because saving is risky, many Americans don't have just one credit card and are keen on overspending.

With such large amounts of savings held by Chinese residents, bank savings must be guaranteed.

The leak of the draft of the "Bankruptcy Regulations for Banking Financial Institutions" directly led to a surge of funds into the banking and financial sectors on June 22.

This is the main reason why the Shanghai Composite Index closed higher on June 22nd, yesterday, while the Shenzhen Component Index closed lower.

……

Yanjing International Hotel.

Central Conference Hall.

Outside the conference hall, financial professionals and corporate executives in formal attire filed in, holding gold-embossed invitations. Their conversations were interspersed with heated discussions about merger and acquisition trends in the post-financial crisis era.

The photographers from the National Taiwan Television set up their equipment and filmed the guests entering the venue from a distance, broadcasting the event live.

Reporter Wang Hui, off-camera, introduced the guests as they entered the venue.

"Now entering is Zhu Yunkai, the president of CICC, who participated in discussions on 'Mergers and Acquisitions Pricing and Risk Control Mechanisms' and is an authoritative figure in the financial field."

"Liu Xinyi, Vice President of Shanghai Pudong Development Bank, shared the practical experience of commercial banks in M&A financing at the previous China M&A Annual Conference, emphasizing that the financial crisis provided an opportunity for industrial restructuring and leapfrogging."

"Wang Wei, the founding president of the All-China Federation of Mergers and Acquisitions Association, was the initiator of the annual meeting and led the discussion on the core topic of 'Mergers and Acquisitions Create Value'."

"Cao Wang, Chairman of Fuyao Glass, is a large multinational group that focuses on automotive safety glass and is also the largest professional automotive glass supplier in China."

The entry of financial tycoons and private entrepreneurs has made many retail investors hold their breath.

Although online live streaming in 2009 was limited to computers and had a small user base, stock market investors were among the most cutting-edge groups.

Many stock market investors watched the CCTV live broadcast while commenting on stock forums.

[Small Investor]: Let's have some good news! We're just over 100 points away from 3000 points, then I can break even and leave the market.

[It's not my fault I'm being taken advantage of]: Didn't they say Governor Cai was coming? I'm just waiting for him to give the order so the banking sector can take off.

[Love Transaction]: I just entered the stock market and got trapped. I'm begging for some good news to help me get out of this mess. I swear I'll never play this game again.

[Xiaobao is not full]: I don't care if it can reach 3000 points, I care more about whether it can reach 5000 points, because I've been stuck at 5000 points for a year.

It wasn't just retail investors who were paying attention; Zhang Yang, Liao Guopei, and Lin Guangchang were also following the meeting, hoping for positive news.

Such authoritative positive news can easily boost the market index.

As the short and plump Cao Wang entered, Liao Guopei remarked, "The CEO of Fuyao Glass is actually here. I feel like Fuyao Glass might rebound."

"It's already being played."

Lin Guangchang spoke quickly.

The moment Cao Wang appeared on the CCTV-11 screen, he quickly entered Fuyao Glass's stock code and checked the intraday chart.

The stock opened at 8.24 yuan and fell to 8 yuan, but due to Cao Wang's appearance, it instantly rebounded in a V-shape, rising to 8.13 yuan and continuing to rise.

Why is the "China Mergers and Acquisitions Annual Conference" important?
The reason is that the listed company you bought might reach an asset restructuring agreement or release some positive news at this meeting.

The stock market and businesses are interconnected, so its importance is self-evident.

It is also worth mentioning that 2009 was the "year of economic recovery," and all companies were actively looking for ways to break through the current predicament. Listening to the opinions of others was undoubtedly the best strategy.

"Vice Village Chief Cai has come in."

Zhang Yang suddenly spoke up.

In the video, a tall, middle-aged man wearing a white shirt, dress pants, and leather shoes walks into the frame.

On his left and right sides were two middle-aged, overweight men.

The voice of Wang Hui, a reporter from Taiwan's Central Radio and Television Station, was also broadcast at just the right time.

"Cai Ensheng, deputy head of the China Banking Regulatory Commission, is a key figure in my country's financial regulatory field."

"To the left of Village Chief Cai is Sun Min, the Vice Village Chief of the All-China Federation of Industry and Commerce, and to the right is Gao Jian, the Vice President of the China Development Bank. I am very much looking forward to their speeches."

As key figures entered the venue, tens of millions of shareholders eagerly awaited good news.

Following the convening of the "China Mergers and Acquisitions Annual Conference," the two major A-share indices have broken out of their sideways consolidation trend.

obviously.

Funds are waiting for the trend to become clear.

The capital market is very sensitive; it is the first to react to any slight disturbance.

Why is this happening?

Because the capital market is all about real money!

If the situation falls short of expectations, a large amount of safe-haven funds will flow out, and whoever is slow to react will suffer the losses.

This is why the capital market often experiences significant fluctuations after many important meetings are held.

While Zhang Yang, Liao Guopei, Lin Guangchang, and many retail investors were all focused on the "China Mergers and Acquisitions Annual Meeting," Ma Xinqi, far away in Ningbo, was keeping a close eye on Kainuo Technology and did not watch the live broadcast on the National Radio Channel like Sun Guodong, Shu Yimin, and others.

Although Xu Haiou confirmed that the negotiations between Meijin Group and Kainuo Technology had fallen through, he still felt that something was very strange.

Fuchun Road just threw their chips to them, and then news broke that the talks had broken down. Is there really such a coincidence in this world?
He suspected he'd been set up, but he had no concrete evidence.

After watching the intraday chart of Kainuo Technology for half an hour, Ma Xinqi couldn't see anything unusual. Apart from the increased volume during the opening auction, which seemed like accumulation, other indicators showed no signs of accumulation, such as the amount of funds involved, turnover rate, and intraday volume.

Taking intraday volume as an example, the average trading volume per minute is 24 lots, or 2400 shares. Based on the limit-down price of 4.21, the trading amount per minute is only 10104 yuan. What kind of speculative capital would accumulate shares in this way in the short term?

要知道，A股的开盘时间是上午9点15分到11点30分，下午1点到3点，也就4小时15分。

Based on the formal trading time of 3 hours and 57 minutes, the total trading time is 237 minutes. Multiplying this time by the intraday trading price of 10104 yuan, it means that only a little over 200 million yuan was absorbed in one day.

Assuming that Kainuo Technology does indeed have a positive asset restructuring, or that it is indeed being backdoor listed by Meijin Group, this would be a short-term positive.

Short-term positive news would never lead to a single-day accumulation of 200 million shares, because that would be too slow. It would take 10 trading days to accumulate 2000 million shares. It's impossible to accumulate shares for several months to completely control the market.

Of course.

It's common for funds to accumulate over several months.

For example, they started accumulating shares of Rhine Biologics in March, based on their prediction that the H1N1 flu would sweep across the globe.

The backdoor listing of Kemeijin Group through Kainuo Technology is a short-term positive, and no one knows when the deal will be finalized. It is not suitable for slowly accumulating shares.

"These are all small, irregular buy orders, and the stock is at its daily limit down with low volume. There's no buying support. Could it be that the negotiations with Kainuo Technology have really fallen through?"

Ma Xinqi muttered to himself.

"Brother Ma, what are you thinking about?" A Ningbo investor, seeing Ma Xinqi staring blankly, couldn't help but lean closer to examine the screen.

"Kainuo Technology?"

"Why are you still looking at this ticket?"

The other party was puzzled.

The voices also caught Xu Xiang's attention. He looked at Ma Xinqi and asked, "What happened to Kainuo Technology?"

"It's nothing. I just wanted to see if there were any funds supporting the stock at the daily limit down, and I found that there were indeed no funds involved," Ma Xinqi explained.

"Brother Ma is just too sensitive, like a little girl, hahaha." Shu Yimin joked with a laugh.

He also looked at Kaino Technology for a while, but found nothing suspicious either.

Sun Guodong, who was standing to the side, stubbed out his cigarette, smiled and said, "Brother Ma is cautious. In our line of work, we need a careful and prudent strategist to manage the rear."

"Indeed."

Xu Haiou nodded in agreement.

As one of the "Three Musketeers," Ma Xinqi's trading skills may not be the best, but his ability to manipulate public opinion and his cautious personality have earned him extremely high prestige within the daredevil team.

"Da Xu's intelligence is probably correct. Let the retail investors struggle with Kaino Technology."

Xu Xiang said with a faint smile.

As he spoke, he glanced at the number of sell orders for Kainuo Technology, which had reached 77,000 lots, a full 7.7 million shares. These were the retail investors who sacrificed themselves to save the company.

Aside from Ningbo Speculators not noticing anything amiss, Zhao Qiang and Yun Tao also didn't see any signs of accumulation.

Without the intervention of major funds, and given the current state of panic, the price may fall further tomorrow.

……

10 points.

The China Mergers and Acquisitions Annual Conference opened.

Inside the venue, the crystal chandelier illuminated the dark walnut wood conference table, making it sparkle. All the participants sat around the round table, and the first speaker was Sun Min, the vice chairman of the All-China Federation of Industry and Commerce.

He glanced at the manuscript on the table, scanned the crowd, and said unhurriedly, "It is an honor to be the first speaker. Let me first emphasize the theme of this year's 'China Mergers and Acquisitions Annual Conference'..."

He paused, glanced at the manuscript again, and stated the main theme: "The new international economic order: mergers and acquisitions create value."

"Clap clap clap—" The audience members applauded.

After the applause subsided slightly, Sun Min, like many other leaders, began a lengthy speech recounting the consequences of the economic crisis.

He spoke for a good ten minutes before finally concluding, "I believe that the global financial crisis has reduced the bargaining power in merger and acquisition negotiations, and made company integration relatively easier. In this sense, the financial crisis is bringing a historic opportunity for Chinese companies to conduct cross-border mergers and acquisitions. Thank you all."

"Clap clap-"

The audience responded with continuous applause.

Sun Min's message was simple: he wanted domestic companies to take advantage of the global economic slowdown to acquire high-quality assets worldwide and focus their attention overseas.

When he was reading from his prepared remarks, he specifically mentioned General Motors' bankruptcy filing.

Some of the business executives who were listening in had already begun to take notes quietly.

What others might consider useless remarks could be a momentous and enlightening revelation for a company CEO.

The second speaker was Liu Xinyi, Vice President of Shanghai Pudong Development Bank. Last year, he emphasized that "the financial crisis provides an opportunity for industrial restructuring and leapfrogging," which is largely the same as the financial opportunity mentioned by Sun Min.

This year he was even bolder, stating bluntly: "Village Chief Sun is right. The financial crisis has led to a decline in the valuation of overseas assets, providing Chinese companies with a historic opportunity with 'low bargaining power and less difficulty in integration'."

"I believe that we should encourage enterprises to acquire overseas mineral and energy resources through mergers and acquisitions to safeguard national economic security. At the same time, we should support enterprises in acquiring overseas technology companies to promote domestic industrial upgrading. Commercial banks should also provide substantial financial assistance to enterprises in their overseas expansion."

When these words were spoken, Wang Fu of Fuyao Glass showed a slight change in expression, and the other company executives also understood the meaning behind Liu Xinyi's words.

What conveniences can commercial banks provide?
Generally speaking, the main convenience that commercial banks can provide is loans.

To put it simply, a company cannot function properly without banks and without low-interest, large-amount loans.

If the government encourages companies to acquire high-quality enterprises overseas, then commercial banks may be able to provide low-interest loans.

To put it simply, it's like the government lending you money so you can go abroad and buy quality assets.

Speculative capital acts as a front for businesses, while businesses often act as a front for the state. When buying things, one cannot use the state's name.

The appearance of terms such as "overseas mining," "energy resources," and "technology companies" has triggered a reaction in the A-share capital market.

The non-ferrous metals, coal energy, and automobile sectors all saw significant rebounds.

[Hail Popsicle]: Overseas mineral and energy resources are good news for coal and resource stocks. I'm going to jump on the bandwagon!

[Hotel Cool Guy]: China's Shenhua Group is taking off. It's a resource-rich giant, so sending it out to buy things is definitely the right thing to do.

[Have you taken your medicine?]: Which overseas companies have technology? Could they buy Microsoft?

Every time a sector was mentioned at the meeting, that sector would experience a significant rebound, and market funds that had been waiting on the sidelines were eager to make a move.

Time ticked by, and it was 11 o'clock. Liao Guopei, seeing that Cai Ensheng hadn't spoken yet, couldn't help but complain, "Why isn't it Village Chief Cai's turn yet? Everyone's waiting for him to announce some good news."

"Hopefully he can talk about the positive news for banks. If that happens, the market will be much more active."

Lin Guangchang echoed this sentiment.

Zhang Yang remained calm and said indifferently, "I actually hope he speaks later, because positive news needs time to take effect."

In his view, if he speaks during market closure, the market will have more than an hour to digest the information he provides, and the market is likely to see a sharp rise in the afternoon.

If the price rises sharply, it would be perfectly reasonable for them to take the opportunity to buy up all the shares.

By 11 a.m., the Shanghai Composite Index had rebounded twice, but only by a small margin of less than 0.3%, and then fell back again in less than ten minutes.

Fearing being discovered by others, Zhang Yang, Liao Guopei, and Lin Guangchang only took advantage of two index rebounds to buy 6000 lots of Kainuo Technology shares, and even then, they did so in multiple transactions, with the largest single intraday transaction amount being no more than 1000 lots.

Accumulating shares by following index fluctuations is the most difficult method to detect.

Stock prices without deliberate manipulation by major players tend to be volatile; even in a downtrend, intraday rebounds are possible.

The reason for the intraday rebound is simple, but the vast majority of it is due to government funds using ETF shares to buy and support the market.

In 2009, there were nearly 2000 stocks in the A-share market. It was impossible for the national team to operate on each stock individually. Its intervention was often holistic, such as directly buying the CSI 300 or other exchange-traded ETFs. These sudden surges in trading volume were the transactions when national funds bought exchange-traded funds.

This is why, when the index falls and rebounds, there is often a moment when a huge volume of trading occurs.

It's not speculative capital accumulating shares!

It's not institutional investors entering the market!

It's actually government funds supporting the index!
……

Zhang Yang's wish for Cai Ensheng to stop the market from speaking was admirable, but reality doesn't always go according to plan. In the video, Cai Ensheng tapped the microphone in front of him, and after confirming there was sound, he began to speak.

"Having heard so many M&A plans and ideas, I'll talk about data-related matters and areas where credit support is needed."

Cai Ensheng glanced at the manuscript and continued, "As of the end of May 2009, the total amount of merger and acquisition loans signed by major domestic commercial banks had reached RMB 136 billion and USD 420 million, covering multiple industries such as steel, electricity, and pharmaceuticals."

"At the beginning of the year, the state released the 'Ten Major Industry Adjustment and Revitalization Plans,' which proposed that nine industries need to achieve structural optimization through mergers and acquisitions. Now, let me be more specific..."

"In the steel and coal industries, we will fully support leading enterprises in acquiring small and medium-sized production capacity to increase industry concentration."

"In the automotive and equipment manufacturing sectors, we encourage the acquisition of core technologies through mergers and acquisitions to enhance international competitiveness."

"In the financial sector, we should actively explore cross-regional and cross-industry mergers and acquisitions, and promote pilot programs for mixed financial operations."

When Cai Ensheng read the manuscript aloud, Zhang Yang translated it almost simultaneously, understanding the meaning he wanted to convey.

[Unprecedented policy support and the first large-scale involvement of commercial banks in M&A financing may indicate that regulators view M&A as an important tool for resolving overcapacity, optimizing resource allocation, and upgrading domestic technology.]
Zhang Yang did not hesitate and released it directly through the financial research website.

Retail investors may not understand it, but professionals and economists will certainly be able to understand what Zhang Yang is trying to express.

As he expected, Yang Delong had clicked on the financial research website unintentionally, but the sudden pop-up analysis report of the "China Mergers and Acquisitions Annual Conference" forced him to stay on this unfamiliar financial website.

"The first large-scale financing means that loans are in an easy channel. The summary of optimizing production capacity structure, optimizing resource allocation and improving domestic technology through mergers and acquisitions is good."

Yang Delong could clearly sense that the person who sent the meeting summary had a very high level of understanding of the market.

There is a saying in ancient Chinese philosophy: "When you see a mountain, it is a mountain; when you see water, it is water. When you see a mountain, it is not a mountain; when you see water, it is not water. When you see a mountain, it is still a mountain; when you see water, it is still water."

What this statement is trying to express is actually the cognitive gap.

The first level is the initial stage of cognition, which views the world from an intuitive and simple perspective, believing that what you see is what you get, that a mountain is a mountain, and water is water. The appearance and essence of things correspond directly, without delving into the complex logic behind them.

The second level is when, with increased experience and knowledge, one begins to see beyond appearances to understand the essence of things and discover the multifaceted and contradictory nature of things.

The third level is when, after reflection and contemplation, one is no longer bound by appearances or concepts, but accepts the world with a more open and authentic mindset. Mountains are still mountains, and water is still water, embodying the wisdom of "returning to simplicity."

Retail investors often fall into the first category: they rush in as soon as they see positive news without thinking about why such good news came out.

For example, a few months ago, Huijin suddenly announced that it would increase its holdings in the four major banks. Retail investors at the first level might simply think that this is good news.

But for the second layer of retail investors, they have to consider whether there is a risk of a decline.

Because every time Huijin intervenes, it is accompanied by a drop in the index; only by stabilizing the index is it necessary to increase funds to hold bank stocks.

The third level in the stock market is what speculative investors often refer to as the "enlightenment" level. They can use any news to hype up and control the market, reaping huge profits from retail investors.

The stock market is less about a game of money and more about a difference in understanding.

When Cai Ensheng stated that "the scale of merger and acquisition loans signed by major domestic commercial banks has reached RMB 136 billion and USD 4.2 billion," the A-share market reacted, with the financial sector leading the rise and driving the Shanghai Composite Index to begin its upward climb.

2853 points.

2877 points.

2900 points.

When the Shanghai Composite Index broke through 2900 points again, Zhang Yang, Liao Guopei, and Lin Guangchang immediately began to follow the trend and buy stocks.

The sell orders that had already reached 10 lots were immediately wiped out!
"Is there speculative capital involved?"

"Kainuo Technology has actually opened for trading!"

"what's the situation?"

Ma Xinqi kept scanning the trading screen.

However, as the Shanghai Composite Index fell, the trading volume of Kainuo Technology slumped again, and sell orders at the daily limit down appeared once more.

He frowned, switching between different sections to check, but ultimately found nothing. He said, "Could it be a side purchase by state funds?"

Ma Xinqi observed for a while longer, and the limit-down orders for Kainuo Technology accumulated to 1000 lots again, while the intraday trading volume was only about 30 lots.

He was a little confused, unsure whether it was due to someone accumulating shares or government funds buying up ETFs in bulk to support the market.

The rise in the market index has made retail investors feel that the market is booming again.

[Photo from before]: Village Chief Cai has a lot of information to share, indicating that the loose monetary policy is still playing an important role, directly benefiting the banking and financial sectors.

[Love You Ten Thousand Years]: Village Chief Cai has already given us the answer to stock trading. Just follow the "Ten Major Industry Adjustment and Revitalization Plans," and you can't go wrong!

[The Wisdom of All-in]: Steel? I'm bullish on the construction sector, all in!
The large inflow of funds has led to a surge in trading volume in the A-share market. Cai Ensheng's speech was very long, and he was still reading from it even after the two major indices closed in the morning session.

"While driving this economic train, I also urge all parties to expedite the introduction of detailed laws and regulations concerning the bankruptcy of banking and financial institutions, to prevent systemic financial risks, to properly handle the relationship between judicial power and administrative regulatory power, and to promote the connection with the establishment of a deposit insurance system."

At this point, he paused, put down his manuscript, and scanned the audience, saying, "At the Second China Bankruptcy Law Forum held last weekend, I mentioned the draft bank bankruptcy law. Currently, we are mainly considering four principles: first, the principle of bankruptcy prevention; second, the principle of stability to prevent systemic risks caused by bankruptcy; third, cost minimization; and fourth, the principle of reasonable loss sharing."

"I hope that amidst the wave of mergers and acquisitions, we can guard against systemic financial risks. We must ensure that our seatbelts are fastened before stepping on the gas. Thank you for listening."

"Clap clap-"

Applause suddenly erupted.

Cai Ensheng's meaning is very clear: as long as systemic risks are prevented, the government supports aggressive mergers and acquisitions by enterprises to become a pillar of economic recovery.

After listening to Cai Ensheng's speech, Li Daxiao, known as the "creator of the bull market," immediately recorded a video to express his own views.

In the video, he is still dressed in a suit and tie, wearing a pair of scholarly glasses.

"Comrades, the message from above is very clear: under the premise of ensuring no systemic financial risks, we will develop around the 'Ten Major Industry Adjustment and Revitalization Plans.' The accelerator has been pressed, and the super-speed bull market has arrived!"

"Let's get in the car and chase the super-fast bull!"

The phrase "super-fast bull" coupled with the positive news from the "China Mergers and Acquisitions Annual Conference" instantly ignited the enthusiasm of a large number of retail investors.

[A Green Lamp]: The bull market is truly here! Who else can match this explosive index recovery? A super-fast bull market, overtaking European and American countries on the curves!
[See me as an ant]: If this trend continues, it won't be long before our Shanghai Composite Index returns to 6000 points, and it's not impossible that it will reach 10000 points in two years!
[CoffeeCoffee]: I am a time traveler. In 2010, the Shanghai Composite Index will reach 18000 points, dominating the world!

Not only Li Daxiao is bullish, but financial bloggers across the internet have also started to be bullish, saying that a "bull market" is rapidly approaching.

In addition, independent media outlets have also been actively promoting a bullish outlook.

Breaking News! Village Chief Cai's Latest Speech: Fasten Your Economic Seatbelts and Step on the Gas of Development!

"A turning point in the bull market has arrived; the Shanghai Composite Index breaks through 2900 points again; merger and acquisition plans will drive a turning point in China's economy!"

"Speed ​​is key to true speed! Ten major industry restructuring and revitalization plans are accelerating, catching up with Europe and America is no longer a dream!"

Under the barrage of attacks, retail investors' enthusiasm was completely ignited, and the Shanghai Composite Index continued its climb when the market opened in the afternoon.

2912 points.

2927 points.

2933 points.

Under the cover of the soaring market index, Zhang Yang, Liao Guopei, and Lin Guangchang have transformed into ruthless "shopping robots," launching a massive buy-up campaign against Kainuo Technology.

Many panic sellers and those who were trapped in losing positions saw the price limit lifted and chose to cut their losses and escape, cherishing every opportunity to get out.

Ma Xinqi, who had always suspected that he was being set up, looked at the trading volume chart of Kainuo Technology but could not see any clues at all. He also did not know whether there were any speculative funds or institutions involved in Kainuo Technology.

After observing for a day, it was found that the buying volume of Kaino Technology completely followed the fluctuations of the overall market, which is very similar to the government's funds providing a safety net and indiscriminately buying up shares to support the market.

While Ma Xinqi was still trying to figure it out, Zhang Yang, Liao Guopei, and Lin Guangchang had already secretly acquired tens of millions of yuan worth of Kainuo Technology chips again.

(End of this chapter)