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

Chapter 146 Buffett's Lunch: Tickets to the Zhejiang Businessmen's Dinner

There's an old saying in the A-share market: A rapid rise is bound to turn around, and a slow rise is bound to plunge.

With the release of positive news from the "China Mergers and Acquisitions Annual Meeting," a large number of investors who had taken profits and those who were trapped in losses chose to reduce their positions and leave the market when the index reached 2900 points.

Because of the rapid rise in prices, a large amount of funds that were waiting on the sidelines had not yet reacted and had become "fear of heights," choosing to continue to wait and see.

This is like the vanguard in ancient warfare, wanting to pierce the enemy's heart with a sharp knife, but halfway through the charge, the soldiers following the charge have been almost all killed or wounded, and the rear troops have been cut off by the enemy. In the end, they can only turn around and break through.

The stock market is a battlefield, only now the weapons have been replaced with stock chips.

This is why a sharp drop in A-shares is bound to be followed by a rebound.

Even if it continues to rise, it will form an "N" shape, and it is very rare for it to be a single pillar reaching the top of the index.

By the close of trading at 3 p.m., profit-taking and selling by those who were trapped in losing positions, coupled with a lack of follow-up funding, wiped out most of the gains of the Shanghai Composite Index and the Shenzhen Component Index on June 23, turning them both negative and ultimately closing at 2892.7 and 11125.66 points respectively.

As the market closed, Liao Guopei stretched and said, "Finally over. I didn't expect the A-shares market to experience a sharp drop this afternoon."

"Isn't it normal for the market to plunge? There's a saying: 'Open high and go low, open low and go low, open flat and go low.' The A-share market is just a con artist; it gets its fun and then leaves."

Lin Guangchang joked with a smile.

"Haha, that's true." Liao Guopei couldn't help but laugh and agree.

Both are veterans of the A-share market and are well aware of its tendency to experience sharp declines over the years.

"The main reason is that the T+1 mechanism has amplified the frequency of right-side trading, and retail investors are more focused on certain returns," Zhang Yang said with a calm smile.

What are left-side trading and right-side trading?
The characteristic of left-side trading is to position oneself against the trend, buying before the low point and selling before the high point.

Right-side trading involves following the trend, buying after the trend is established, and selling after the trend reverses.

Take the 2007 crash as an example. Retail investors who like to trade on the left side will gradually enter the market when they see the stock price drop by 30% or 50%, believing that the market is about to reverse and entering the market in advance before the trend is fully formed.

Retail investors who prefer right-side trading will wait for the market trend to become clear before taking action, without predicting turning points, and simply follow the trend.

To put it simply, retail investors who tend to trade on the left side often buy at the bottom only to find themselves halfway down the mountain, while those who insist on trading on the right side often miss out on the market rally.

Let's count the number of chips.

Zhang Yang added.

In the stock market, there are N+1 ways to accumulate shares, but the method of accumulating shares by following the overall market trend is the most agonizing.

Because you not only have to keep an eye on the overall market trend and judge the possible upward signs, but you also have to control the intraday trading volume. After a day of trading, your eyes will be extremely sore.

Liao Guopei yawned and replied, "Let me check the accounts."

Lin Guangchang: Me too.

Because he had a relatively small number of securities accounts, Lin Guangchang quickly calculated his shares and responded to Zhang Yang, "I bought a total of 4.2 lots at a cost of 4.22 yuan."

"It's all settled." Liao Guopei finished counting and said, "I bought 6 lots, with a total cost of 4.23 yuan."

Zhang Yang mentally calculated the total and said, "I have 2.6 lots here, so the total is 1280 lots, or 12.8 million shares. Based on the limit-down price of 4.21 yuan, the total value is 5388 million yuan. Tomorrow, we will continue to accumulate shares in line with the market trend."

How many chips are we going to accumulate this time?

Liao Guopei inquired.

Zhang Yang thought for a moment and said, "Doubling the price should be enough. Let's keep some funds for further price increases."

"There's another meeting tomorrow, but I don't know if there will be any good news."

Lin Guangchang continued.

Their timing for accumulating shares was perfect, coinciding not only with the favorable events of the "Second China Bankruptcy Law Forum" and the "China Mergers and Acquisitions Annual Meeting," but also with the "Second Quarterly Meeting of the Banking Monetary Policy Committee" tomorrow.

"Compared to the second quarter meeting, I'm actually more interested in having lunch with Buffett," Zhang Yang said.

"What lunch?"

"What's wrong with Buffett eating?"

Liao Guopei and Lin Guangchang were completely bewildered and had no recollection of it.

"Crackling——"

Zhang Yang typed rapidly on the keyboard, opened a news article from 2008, and then turned the laptop screen toward the two of them, saying: "On June 29, 2008, private equity manager Zhao Danyang won the opportunity to have lunch with Buffett in 2009 with a record bid of $211 million."

"Snapped--"

Upon hearing this, Liao Guopei slapped his thigh and immediately came to his senses, saying, "I remember now, it was Zhao Danyang having lunch with Buffett. I thought Buffett having lunch would attract global attention."

"Two million US dollars?" Lin Guangchang was stunned for half a second, then looked at Zhang Yang and said, "Does Zhao Danyang have too much money and nowhere to spend it?"

Today, the exchange rate of 1 US dollar to 6.8339 Chinese yuan is 1 yuan. You spent tens of millions of yuan just to have a meal with Buffett?

Has Zhao Danyang lost his mind?

Could it be that Buffett is his idol, and he's spending money to idolize him?
Lin Guangchang couldn't understand it.

In his opinion, wouldn't it be better to use that 1000 million yuan to buy luxury cars and mansions? Having dinner with an old man over fifty is a waste!
"The wisdom of the Chinese people is unmatched by any other race."

Zhang Yang smiled calmly, moved the computer screen back to his own side, and then typed "Duan Yongping" into the Baidu search bar.

When the page redirects, you are greeted with various news articles about Duan Yongping, as well as advertisements for Subor and BBK.

Then, Zhang Yang turned the computer screen toward Liao Guopei and Lin Guangchang and said, "$200 million for a lunch is not worth it, but if you use $200 million to advertise to global capital, it is a worthwhile deal."

Warren Buffett is a bellwether for investment and a behemoth that attracts global capital attention.

It's less about Duan Yongping spending $200 million on a meal and more about him spending $200 million to buy a ticket to the capital market.

It was precisely because of this meal that the name "Duan Yongping" frequently appeared in Chinese business history, and his career took off.

"Advertising? I get it." Liao Guopei nodded slightly and suggested, "When will the next Buffett lunch auction start? Let's invite him to say a few words to Caiyan.com, and the buzz will go up, right?"

“That’s exactly what I was thinking. This year’s auction should start after the previous bidder has finished their meal, which is after June 24th. We’ll keep an eye out for news then,” Zhang Yang replied.

In his previous life, he met Buffett and they exchanged investment insights.

He held this pioneer of value investing in very high regard, calling him one of the few "monsters" who could be described as an all-rounder.

Many people may have a misconception that Buffett only invests in the long term and practices value investing.

In reality, all the Wall Street giants, including Buffett, started with short-term trading, and each of them is a master of short-term trading.

Traders who don't know how to trade in the short term can't accumulate wealth quickly.

For example, if you have 1 yuan and invest it for a medium to long term of a year or two, even if the rate of return is 100%, the total return will only be 1 yuan.

Even with a 100% return for five consecutive years, the total account balance would only be 32. This is under ideal conditions; almost no investor can consistently achieve a 100% return every year.

Because long-term investment is slow to generate profits, it is only suitable for large amounts of capital. Smaller capital is mainly used for short- to medium-term trading.

When Lin Guangchang heard that Zhang Yang was going to bid for lunch with Buffett, he immediately became interested and said, "Buffett is a leading figure in the investment world. I really want to meet him, but the price is too outrageous."

"Let's split the bill. The news says that you can bring a maximum of 7 people, which means a maximum of 8 people can have dinner with Buffett."

Liao Guopei began to speak.

"You can do it like this?" Lin Guangchang calculated the costs; if the three of them split the costs equally, it would amount to several million on average.

Upon hearing this, Zhang Yang smiled calmly and shared his thoughts: "With so many people involved, even an old man like Buffett can't handle it. Besides, the topic is too chaotic and not conducive to dissemination. I'm wondering if we can participate in the auction under the company's name, which would be like advertising."

"Is Caiyan.com that rich?"

Liao Guopei was somewhat surprised.

Zhang Yang turned the computer screen toward himself and replied, "It's not that Caiyan.com has money, but that banks and investors have money. As long as the company's data reports look good, there's no worry about development funds."

"Yes."

Lin Guangchang responded and echoed, "As long as the company's basic data looks good, banks will be more willing to lend you more money. They value credit indicators more than deposit indicators."

In the financial sector, there's a loan fraud scheme where someone registers a shell company, exchanges cash flow with several other companies, adds in some physical assets, and can easily obtain loans of millions or even tens of millions.

Personal deposits and business loans – this is the business development logic of banks.

If you personally want to borrow several million?
Excuse me!
Collateral is required!
Liao Guopei looked thoughtfully at the two of them and said, "So that's how it can be done. No wonder Joker cares so much about website retention."

"Oh, right." Zhang Yang remembered something and opened the door, saying, "I'm going out tomorrow. You guys just need to follow the trend and accumulate shares."

"Row."

"it is good."

Liao Guopei and Lin Guangchang nodded in response.

With today's start, and given that they are all top-tier speculative investors, all they need to do is provide direction, and they'll know what to do.

……

While Zhang Yang, Liao Guopei, and Lin Guangchang were chatting, the internet had already begun hyping up the "Second Quarter Meeting of the Bank's Monetary Policy Committee" and "Buffett's Lunch".

The sharp drop in bank stocks this afternoon was largely due to the uncertainty surrounding the upcoming second quarterly meeting of the Banking Monetary Policy Committee, which led to a demand for safe-haven assets.

At this time, the comment section below the news article "Second Quarter Meeting of the Banking Monetary Policy Committee" on Eastmoney's financial news channel had over a thousand replies.

[Xiaoyan Chongchongchong]: The market suddenly plunged near the close, which was indeed due to the second quarter monetary policy meeting. Luckily, I got out quickly, or I would have really ended up as a prostitute.

[Lonely Man]: There are rumors that the authorities may tighten credit. Those who are still holding positions, good luck to them.

[The Path of Love]: Tighten credit? Don't be ridiculous. Economic recovery requires loosening credit to increase the amount of money circulating in society.

After the market closed at 3 p.m., rumors circulated that the second quarterly meeting of the Banking Monetary Policy Committee would tighten the review of credit funds.

Those who frequently trade stocks know that there are many misleading and fabricated claims about A-shares. It's best to remain cautious when you're unsure of the authenticity of such claims.

On the other hand, the comments section of news articles related to "Buffett's Lunch" has a rather bizarre style.

[Xiaoyu Baobao]: Does Zhao Danyang have a money printing press at home? Spending $200 million on lunch and eating gold?
[Kaka]: If you gave me $200 million, I'd be his dog!

[Empty Pockets]: If I were to spend $200 million on a meal, I probably wouldn't even be willing to poop; I'd have to let it absorb the waste repeatedly.

[Cashew Savage]: There are too many rich people in this world, and they're all mentally unstable. By the way, are there any rich women interested in me? My endurance is at least two hours.

With a constant stream of meetings and financial news, few investors are paying attention to the resumption of IPOs and the establishment of the Growth Enterprise Market (GEM).

Even if Yang Delong shouts himself hoarse, warning of a potential sharp correction in A-shares in the near future, it will be difficult to reverse the downward trend in traffic.

Retail investors' memories only last seven seconds. Even if the price drops by 80%, a sudden 5% rise can be interpreted as "the bull market is coming!"
……

After finishing his business at the company, Zhang Yang immediately drove to Hangzhou. Tonight, he specially booked a private room at the Friendship Hotel in Hangzhou to thank Liu Hua for her help.

Although he had used personal connections to influence the matter, he still needed to properly thank the other party after the matter was settled.

The Hangzhou Friendship Hotel is not a small restaurant, but a long-established five-star hotel that opened in the 80s.

Its overall style is European, and it enjoys a superior geographical location in the bustling city center of Pinghai Road, adjacent to Hubin Road Pedestrian Street, and only 500 meters away from West Lake.

As the sun gradually set and the brilliant sunset faded, Zhang Yang arrived at the Friendship Hotel.

As soon as I drove my Mercedes S600 into the restaurant, a doorman quickly approached and asked, "Sir, would you like to have dinner?"

“I have reserved a private room.”

Zhang Yang turned off the car, took out 50 yuan from the storage compartment in the car door, handed it to the doorman and said, "My name is Zhang Yang. When someone tells me my name, please take him into the VIP room 003 and park my car in the parking lot for me."

"Okay, Mr. Zhang."

The doorman accepted the 50 yuan tip.

After instructing the doorman, Zhang Yang got out of the car and entered the Friendship Hotel, following the manager's directions to the VIP private room.

"Mr. Zhang, you came alone. Would you like us to arrange a few hostesses?"

The hotel manager was very direct, emphasizing the word "Miss".

Most people who book these private rooms are there to discuss business, and since it's business, there need to be a few people of the opposite sex present.

Many hotels or large restaurants have partnerships with beauty pageant agencies or modeling agencies.

Any girl who wants to earn extra money can register her information.

Once they receive a call for escort services, they will immediately come to the appointment.

"No need, I'll call you when the others arrive." Zhang Yang waved his hand, indicating that he should leave.

When he first met Liu Hua, he could clearly sense that she was not a womanizer.

Even if Zhang Yang was mistaken, given Liu Hua's status and wealth, such a hastily brought-in hostess would only lower the quality of the dinner.

"Would Mr. Zhang like some snacks to refresh himself?" the hotel manager asked again.

"Need not."

Zhang Yang still refused.

It is a rule not to use chopsticks before guests arrive. You cannot even crack peanuts or melon seeds. If you do crack melon seeds, you must do so without leaving a trace.

Because if you're eating sunflower seeds or peanuts, others can tell from the shells as soon as they enter the private room that you've been waiting a long time, and it also implies that you're blaming the other person for being slow.

If you need someone to do you a favor, or if you're hosting a thank-you banquet, the best way to handle things while waiting for your guests is to leave everything as is.

After seeing the hotel manager off, Zhang Yang took out his Nokia phone and went to the balcony of the VIP room to check financial news. Although the Nokia 3250 was just a feature phone, most financial websites had compatible WAP pages.

For example, the WAP webpage of Caiyan.com is specifically optimized for feature phones, displaying only important information in text form to reduce data charges.

Data charges in 2009 were not cheap. 30MB cost 5 yuan, and any data exceeding that was charged at 0.01 yuan/KB, which is equivalent to 1MB costing 10 yuan.

At this time, a piece of news that Zhang Yang found interesting appeared on the 24/7 financial news section of Caiyan.com: Suning Appliance announced its intention to acquire Laox, a listed Japanese home appliance company.

Many people may not have heard of Laox, but it is a long-established Japanese home appliance company.

In 1930, Masaharu Taniguchi founded Taniguchi Shoten in Sumida Ward, Tokyo, and made his fortune by selling household appliances. In 1948, he spun off the home electrical products division to establish Asahi Wireless Electric Co., Ltd.

In 1976, the company name was changed to Laox Co., Ltd., and in 1999 it was listed on the Second Section of the Tokyo Stock Exchange.

Just one year after its listing, Laox Corporation was caught in a vortex of losses. After nine consecutive years of losses, it announced that it would enter a business restructuring process.

Suning Appliance's proposed acquisition of Laox Co., Ltd. is a move that perfectly aligns with the theme of the "China Mergers and Acquisitions Annual Conference," and could even be said to have fired the first shot in the 2009 mergers and acquisitions season.

"Zhang Jindong truly lives up to his reputation as a veteran entrepreneur; he knows how to seize opportunities."

Zhang Yang muttered to himself.

The other party's swift action clearly indicates that they are conveying their stance to relevant national authorities, which could be very beneficial for future financing.

While Zhang Yang was browsing the news, there was a knock on the closed door of the private room.

Just as Zhang Yang put away his phone, the restaurant manager pushed open the door to the private room.

"Mr. Zhang, the guest has arrived."

Wearing an ordinary polo shirt and keeping a low profile, Liu Hua entered the private room, accompanied by Sun Yiheng, the vice president of Hongyue Investment.

Before Zhang Yang could speak, Sun Yiheng took the initiative to greet him, saying, "Brother Zhang Yang."

"Mr. Sun."

Zhang Yang quickly responded, then looked at Liu Hua and said, "Good evening, President Liu."

"good evening."

Liu Hua glanced casually at the private room.

"Let's serve."

Zhang Yang looked at the restaurant manager, then picked up the Moutai liquor on the table himself. Just as he was about to unpack it, Liu Hua refused, saying, "I'm currently abstaining from alcohol, so there's no need to spend money."

"President Liu is taking care of his liver."

Sun Yiheng whispered a reminder.

During his early entrepreneurial years, Liu Hua secured numerous orders thanks to his impressive alcohol tolerance.

The aftereffects of excessive drinking are also obvious, namely liver damage and cirrhosis, which require long-term treatment and abstinence from alcohol.

"It was my oversight; I'll punish myself with three drinks first." Upon learning the reason, Zhang Yang quickly expressed his apologies for not knowing the truth.

"Ignorance is no excuse." Sun Yiheng looked at Liu Hua, who had already taken his seat, and asked with a smile, "Mr. Liu, you agree, right?"

"Everyone, take a seat."

Liu Hua clearly acquiesced to this statement, and then added, "Is this banquet for us still about Kaino Technology?"

"Only half."

Zhang Yang poured himself a glass of wine and then drank it all in one gulp.

"half?"

Sun Yiheng's expression shifted slightly.

Liu Hua patiently asked, "What is the other half?"

Zhang Yang drank his second glass of wine and poured himself another, then said, "I have regained control of Kainuo Technology. Please convey my message to President Liu."

"Gulu——"

He finished the third glass of wine in one go.

After putting down his glass and stating his position, he added, "Another matter is that I would like to ask Mr. Liu for the contact information of Alibaba's senior management."

Liu Hua has been based in Hangzhou for many years and is the executive chairman of the Qingyuan Chamber of Commerce. There is no need to question his connections.

"Alibaba?"

"Ma Yun?"

Liu Hua became interested and asked, "What do you want with Alibaba's top management?"

"I'd like to discuss cooperation." Zhang Yang didn't hide anything and continued, "My financial website is currently performing well, and I'd like to talk to Alibaba about cooperation, such as opening a financial page on Taobao, with us providing the content."

Upon hearing Zhang Yang's plan, Liu Hua and Sun Yiheng exchanged a glance, both looking surprised.

The small investors who were just starting out in April are now actually talking to Alibaba about cooperation?

too fast!
The progress is too fast!
"I don't have many connections in Hangzhou, and after thinking it over, I can only think of you, Mr. Liu. If there's anything I can do for you in the future, please let me know." Zhang Yang adopted a humble attitude, subtly indicating that he was willing to owe you a favor.

Upon hearing this, Sun Yiheng looked at Liu Hua, awaiting his response.

In adult society, it's nothing more than you using me and me using you, with everyone exchanging benefits and forming a network of relationships.

to be honest.

It's about value exchange.

Zhang Yang clearly possesses his own value; in terms of stock market trading techniques alone, he may come in handy someday.

Zhang Yang is now almost useless to Liu Hua, but he doesn't dare to deny the potential of a young man.

After careful consideration, Liu Hua said, "There's a dinner party for Zhejiang businessmen on Saturday, July 4th. You can come with me. Alibaba's chairman, Ma Yun, will be there."

"!!!"

Zhang Yang was startled.

He had originally planned to meet with Alibaba's vice president or a senior executive in the department, but he never expected Liu Hua to pull out such a powerful move.

If we can convince Ma Yun, then Caiyan.com will achieve instant success!
However, Zhang Yang also had concerns and asked, "Would it break the rules for me, a person from eastern Guangdong, to attend a dinner party hosted by Zhejiang businessmen?"

China is a vast country with abundant resources, and even today, merchants are categorized by region.

For example, there are Anhui merchants, Zhejiang merchants, Fujian merchants, and the Chaoshan Chamber of Commerce. These are all small groups formed by merchants from a certain region.

Take the Chaoshan Chamber of Commerce as an example. Even if you are a Cantonese or Hakka and live in eastern Guangdong with Chaoshan people, they will not let you attend Chaoshan Chamber of Commerce dinners. Similarly, Chaoshan businessmen cannot enter the circles of Cantonese or Hakka businessmen.

Liu Hua sensed Zhang Yang's concerns and offered advice: "Just play the role of a distant relative of mine, talk less, eat more, and after the meal, I won't need to say anything more, right?"

"Thank you, Mr. Liu."

Zhang Yang instantly understood.

As long as Liu Hua doesn't reveal Zhang Yang's background, who will know where you're from?

Even if Zhang Yang doesn't speak the Jiangzhe dialect, he can use other reasons to get away with it, since he has Liu Hua as his shield.

“Ma Yun is a very popular and sought-after businesswoman now. Brother Zhang Yang, you must seize this opportunity,” Sun Yiheng reminded him.

His words had two meanings. The first was the literal meaning: he wanted Zhang Yang to seize the opportunity and not miss it.

Another layer of meaning is an implication that this favor should be remembered, as it will need to be repaid in the future.

Both being seasoned veterans of the underworld, Zhang Yang naturally understood the underlying meaning and said with a smile, "I dare not waste the opportunity created by President Liu."

"Just cherish the opportunity."

Sun Yiheng smiled and said the same.

He knew Zhang Yang was a smart man, and there were some things that couldn't be said outright, but both sides had to remember this.

……

The next day, February 6th.

Zhang Yang had originally planned to discuss business cooperation with Alibaba's senior management today, and also see if there was any possibility of securing investment.

However, the dinner party for Zhejiang businessmen proposed by Liu Hua gave Zhang Yang the opportunity to meet Alibaba CEO Ma Yun. He did not stay in Hangzhou and chose to return home.

Why did Zhang Yang choose Alibaba?
Very simple.

It accepts Alipay.

Alipay was launched on October 18, 2003, as a escrow transaction platform, initially to address the credit issues in online transactions on Taobao.

In December 2004, the Alipay development team named the escrow transaction platform "Alipay," marking the official establishment of Alipay and its independent operation.

At this time, Ma Yun already had the idea of ​​turning Alipay into an "electronic pass", but it was limited by domestic mobile devices.

But soon, the iPhone 4 will shock the world, and smartphones will rapidly become widespread in China. Ma Yun will also urgently adjust his strategic direction and focus on developing Alipay's functions.

To put it bluntly, Ma Yun hasn't realized that the intelligent era is coming soon, and he entered the financial sector too late. Even with hundreds of millions of users, he can't compete with professional financial websites like Eastmoney and Tonghuashun.

If you can't beat Eastmoney and Tonghuashun, then Tencent and NetEase are the only companies that can compete. Why not choose these two companies?

The reason is that they have already established financial websites, so if they try to negotiate openly, they have no leverage whatsoever.

The cooperation is a win-win situation. They already have Tencent Finance and NetEase Finance, so why would they need to invest in or bet on Caiyan.com?
Besides Alibaba, Zhang Yang had another option: Liu Dongzi's JD.com.

However, in 2009, JD.com had not yet found its niche and was short of funds, making it extremely difficult to persuade the other party.

After considering all factors, Zhang Yang felt that Alibaba was the most suitable and most likely company to invest in or cooperate with.

In addition, Ma Yun is a person with extremely long-term vision. With just a little prompting, there is a chance that he will invest.

……

When Zhang Yang reappeared in the finance conference room on the sixth floor, side C of Changtai Building A, Liao Guopei was taken aback at first, then asked, "Joker? Weren't you out discussing business?"

"Hey Joker, what brings you here?"

Lin Guangchang was equally puzzled.

Yesterday they said they were going to discuss business today, but now they've suddenly turned around and come back.

"Plans are subject to change, so we've rescheduled." Zhang Yang smiled faintly, sat down in the main seat, and then opened his laptop.

"That's perfect. Did you see the financial news last night? Suning Appliance acquired Laox, a long-established Japanese listed home appliance retailer. Do you think that's going to cause a stir?"

Liao Guopei asked impatiently, his eyes filled with eagerness.

He had just spoken with Lin Guangchang and they thought it was possible to go in and fire a shot.

“Yes, yes, what do you think, Joker?” Lin Guangchang quickly chimed in.

“Don’t have too high hopes.” Zhang Yang shook his head and explained his opinion: “Now is the year of economic recovery from the economic crisis. Countries are protecting their domestic enterprises. Acquiring a company like Laox Co., Ltd., which has suffered losses for nine consecutive years, is not very meaningful. Suning Appliance cannot possibly open up the Japanese market with its distribution channels.”

This event is significant, as it marks the first time a Chinese company has acquired a listed Japanese company, but its impact is not very large.

Liao Guopei thought for a moment and asked, "So, Suning Appliance can't enter the Japanese electronics market through Laox Co., Ltd.'s sales channels?"

"It's highly unlikely." Zhang Yang didn't say it so definitively, but anyone with a discerning eye could hear the pessimism in his words.

He also hoped that Suning Appliance would expand into the Japanese market, but unfortunately, Japan industrialized too early, and the quality and technology of its various industrial products were better than those of Chinese products.

get through?
How do I get through?
Trying to grab market share with low prices?

Clearly, the news of Suning Appliance's acquisition of Laox Co., Ltd. is more significant than practical. The only source of domestic consumption growth is the rural areas, not the international market.

"Then let's focus on Kainuo Technology. I was thinking of doing some T+0 trading to see if I could make some extra cash," Lin Guangchang said, abandoning the idea.

"If Changan Automobile, or any other automaker, could acquire Toyota or Honda, that would be great; their stock would definitely skyrocket."

Liao Guopei joked with a smile.

Upon hearing this, Zhang Yang smiled and joked, "If Japan really sells it, our country will definitely buy it, and buy it in a big way!"

As the three chatted, the time gradually approached 9:15.

Because the Banking Monetary Policy Committee's second quarterly meeting is scheduled for 10:00 AM, all parties are being very cautious with their funds.

During the opening auction, the banking sector saw a pullback. Industrial and Commercial Bank of China (ICBC) is currently trading at 5.39 yuan, down 0.03 yuan from the previous trading day's closing price of 5.42 yuan, a decrease of 0.55%. China Construction Bank (CCB) is currently trading at 6.16 yuan, down 1.28%, leading the decline.

It's not just the banking sector; other financial sectors, such as insurance and securities, are also experiencing a correction, with all funds waiting for the outcome to be clear.

Seeing the market opening lower, retail investors panicked.

[Kid's classmate]: Yesterday it surged and then fell back. Today it looks like it will open lower. Will it trap all the retail investors who came in yesterday?
[Love You Ten Thousand Years]: What are those head-of-the-line strategies or first-negative-day strategies? None of them compare to the stupid strategy I figured out yesterday. I sold China Construction Bank at 6.2 yuan, bought it back at 6.3 yuan, and now it's opened lower again, resulting in a direct loss of several thousand yuan. I feel like a trading genius!

[Laughing at the World]: No! Where's the cow?

[Tight-fitting belt]: The bull market is here, the bull market is here, don't panic, don't panic, I'll get Teacher Da Xiao out to create a bull market right away!
Yesterday's surge followed by a pullback, and today's slight opening decline, have left retail investors somewhat disheartened, making off-market funds even more hesitant to make any rash moves.

Zhang Yang, Liao Guopei, and Lin Guangchang didn't care; they were into speculative stocks and preferred the downtrend.

A falling market is conducive to attracting speculative funds and reaping profits!

(End of this chapter)