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

Chapter 147: Monetary Policy Implementation Takes Effect; Kaino Technology Accumulates Shares and Drives Up Price
[Financial Research Network Morning Market Reminder]: Due to the uncertainty surrounding the second quarterly meeting of the People's Bank of China's Monetary Policy Committee, the banking, securities, insurance and other financial sectors experienced a pullback, and both major indices opened slightly lower.

Before the shoe drops, a large amount of capital remains on the sidelines.

As early as the beginning of June, some market commentators mentioned the issue of credit contraction.

If the government really intends to tighten credit, then the second quarterly meeting of the People's Bank of China's Monetary Policy Committee will certainly mention it, and this will be a short-term negative for the banking sector.

Why is it considered a short-term negative factor?
For banks, once credit tightens, their financial statements will certainly not look as good as those in the first and second quarters.

However, from a long-term perspective, tightening credit, raising thresholds, and reducing the non-performing loan ratio can promote a virtuous cycle in the industry.

The economy can be regulated by monetary easing, but it cannot be done indefinitely. If excessive monetary easing is implemented, it will only lead the economy from one extreme to another.

However, while retail investors were still hesitant, thinking about the bull market, Wang Yawei of China Asset Management had already cleared out the last of his stock holdings in his bond fund, stretched and said, "Done. Let the retail investors play around."

As the face of China Asset Management, he not only has access to first-hand information but also exceptional judgment.

The resumption of IPOs and the establishment of the Growth Enterprise Market (GEM) are both actions that drain the market of funds. He does not believe that the A-share market has enough capital to meet the needs of newly listed companies.

To put it bluntly, he believes that market funds will dry up, so he chooses to be bearish.

It's not just Wang Yawei; nearly half of the star managers of China's top ten long-established public funds have sold off their fund holdings within the scope of compliance.

If it weren't for the fact that an "insider" leaked the news of their massive sell-off some time ago, Wang Yawei would have already cleared out all his available shares and been sitting back and watching the show.

Besides Wang Yawei, several other star managers at China Asset Management, such as Sun Jiandong and Tao Yuang, have been aggressively reducing their holdings.

It's worth mentioning that Tao Yuang, who broke the record for the shortest-running public fund by Huaxia Fund, had a return of only 0.4% for his "Huaxia Healthcare Value Hybrid A" fund, which is far lower than similar healthcare funds from other fund companies.

Tao Yuang was also very troubled during this period. He had originally planned to make a name for himself, but without Zhang Yang's market research reports, his actual ability was completely inadequate to manage a massive amount of funds.

After realizing his own shortcomings, Tao Yuang kept inquiring about the operations of Wang Yawei, Sun Jiandong, and other fund company managers. After discovering that they were all liquidating their positions, he also chose to liquidate his positions.

The collective withdrawal of institutional funds is the main culprit for the recent rise in trading volume.

Retail investors who frequently trade A-shares have generally heard of institutional funds, but few have a systematic understanding of which institutions actually are involved.

The most common institutions are public funds, private funds, and securities companies, followed by insurance companies, social security funds, bank wealth management subsidiaries, industrial capital of listed companies, and qualified foreign institutional investors, etc.

At this time, the institutions that are bearish are mainly concentrated in public funds and private funds, as well as the proprietary funds of major securities companies.

While fund managers such as Wang Yawei, Sun Jiandong, and Tao Yuang were liquidating their positions, He Jing, who was still an intern, had already submitted her "Fund File" to her superior, Lin Weiguo.

Sitting at his office desk, Lin Weiguo reached out and took the "Fund Files," adjusted his silver-rimmed glasses, and then began to examine them carefully.

As he looked down to examine the document, He Jing could clearly see the other man's balding forehead, which gleamed with an oily sheen under the natural light.

"Diversified asset allocation, using corporate bonds as a base for returns, and adding swing trading in real estate stocks—this is no small undertaking."

After reviewing the document, Lin Weiguo looked at He Jing in front of him and said.

He then added, "Raising only 2 million is too little. I will help you arrange channel promotion to raise the funds to 5 million."

"Thank you Mr. Lin."

He Jing was overjoyed.

She set a fundraising target of 2 million because she knew she didn't have the resources and it would be difficult to raise 5 million, so she gave a conservative figure.

"No need to thank me, it's all thanks to the company's support," Lin Weiguo said with a smile.

If someone else wants to take the resources, he has to make them pay some price; this is an unspoken rule in the financial world.

But He Jing was a girl he really couldn't figure out.

He investigated during this period and found nothing special about the other party, not even the school they attended.

Even though Lin Weiguo had no background to investigate, he was able to get the vice president of Huaxin Fund to personally speak to him. Even if he had ten times the courage, he wouldn't dare to make any rash moves.

After submitting the "Fund File", He Jing returned to her office and began to formulate the "Fund Holdings Plan".

Her current idea is simple: use bonds to secure a minimum return, and then bet on the future development of the real estate sector.

Why choose real estate?

In April, while preparing a macro market research report, she discussed China's economic development trends with Zhang Yang.

Zhang Yang mentioned at the time that China has a rural population of about 10 billion. As the country's industrialization progresses, they will be forced to flock to big cities and settle down and develop in the cities, which is the transition from rural economy to urban economy.

Why is it said that it was forced?
Imagine this: you work hard in the countryside for a year, but the harvest is less than what someone else can buy with a month's salary working in a factory. Who would want to stay in the countryside?

Income disparities are forcing rural populations to migrate to cities.

Since a large number of rural residents are migrating to cities for development, some of them must stay and settle down, making buying a house an essential goal for them.

With a continuous influx of rural residents, how could the city's real estate industry not prosper?
This is also the underlying logic behind He Jing's choice of real estate: she is betting that real estate will develop along with the city's economy.

……

10 o'clock in the morning.

The two indices have diverged significantly.

The Shanghai Composite Index is currently at 2880.29, down 0.43%, while the Shenzhen Component Index is up 1.9%, currently at 11336.05 points.

This is because the financial sector, including banks and insurance companies, is declining, and China Petroleum has also experienced a correction.

The Shenzhen Component Index rose, thanks to coal, non-ferrous metals and steel, all of which are sectors that have benefited recently. Among them, Huaguo Shenhua and Ganxi Copper both rose by more than 4%, with the latter breaking through continuously.

The shift in market style leaves retail investors completely unable to react.

[暮暮朝朝]: Have non-ferrous metals gone mad? Ganxi Copper and Huaguo Aluminum are both rising, and then there's Huaguo Shenhua, the coal leader, it's simply inhuman, with a 5.1% increase!

[World in View]: The Shenzhen Composite Index is about to soar, while the Shanghai Composite Index is still underwater. I'm so pissed off!

[Qingtian Da Laoye]: Angang Steel rose 7%, Taiyuan Iron & Steel rose 2.2%, Baosteel rose 3%. I clearly saw the positive news for steel, but I didn't buy in time, damn it!
[Speeding on the Curve]: With steel, coal, and non-ferrous metals taking turns leading the charge, I suggest making the Shenzhen Composite Index the main index for the broader market. This way, we can instantly reach 10000 points, and hitting 20000 points next year wouldn't be a dream.

While retail investors were still complaining, the second quarterly meeting of the Monetary Policy Committee of the People's Bank of China was quietly held. Zhou Chuan, a leader of the People's Bank of China, faced the CCTV camera and read out the press release in his hand.

Currently, my country's economy is in a critical period of stabilization and recovery. Under the influence of a series of policies and measures to expand domestic demand and promote economic growth, the current economic operation is showing positive changes, with more favorable conditions and positive factors, and the overall situation is stabilizing and improving.

However, the global economy is still in the recovery phase following the financial crisis, and China's economy also faces certain challenges and opportunities. The moderately loose monetary policy has already achieved some results in promoting economic growth.

The People's Bank of China will continue to implement a moderately loose monetary policy, increase financial support for economic growth, ensure ample liquidity in the banking system, and ensure the smooth operation of the domestic financial system.
When the phrase "moderately loose monetary policy" was uttered, bank stocks collectively surged.

The Industrial and Commercial Bank of China (ICBC), which had fallen to 5.28 yuan, rebounded to 5.42 yuan, instantly erasing its 2.58% drop.

Not only ICBC, but also other financial stocks such as CCB, Huaguo Bank, and Huaguo Life Insurance saw a surge, and the Shanghai Composite Index erased its losses, rising slightly by 0.17% to 2897.62.

Upon seeing this, Liao Guopei exclaimed in surprise, "A violent surge! What kind of funds are behind this?"

"National team? Forget about it." Lin Guangchang made a definitive statement.

The only source capable of directly boosting the market, especially for major financial institutions like banks, securities firms, and insurance companies, must be state-owned funds.

“That’s right.” Zhang Yang nodded in agreement. “There aren’t many funds that can drive up the banking sector in a straight line. First, we can exclude speculative funds and retail investors. Second, institutional investors are relatively conservative right now. That leaves only government funds taking advantage of the positive news to support the market.”

"To be honest, I didn't understand a word President Zhou said. Which sentence was the good news?" Liao Guopei was completely baffled.

Although he is a speculative investor, there are times when he really can't understand official jargon.

"The moderately loose monetary policy, which is the same as the monetary policy meeting in the last quarter, indicates that the easing measures will continue."

Zhang Yang highlighted the key points.

Lin Guangchang had worked in state-owned enterprises and could understand official jargon. He nodded and said, "That's right. Governor Zhou said a lot, but what stock investors really want to hear is the phrase 'moderately loose monetary policy,' which is equivalent to setting the tone for future monetary policy."

While the three chatted, their eyes remained fixed on their computer screens, using the short-term rise in the market to accumulate shares.

Kainuo Technology did not hit the daily limit down today, but instead fell slightly by 3%, currently trading at 4.08 yuan.

While Zhang Yang, Liao Guopei, and others were accumulating shares, Zhao Qiang, who was far away at Jiangsu University of Finance and Economics, frowned, as if he had discovered something.

Has the price bottomed out?

"Logically speaking, a stock that has been manipulated by speculative funds should not fall to its bottom so quickly, especially since the market opened lower today."

In his view, if the shares on the previous trading day were bought and sold among retail investors, then the buying support for Kainuo Technology should not be so strong today given the market correction.

On June 23, retail investors entered the market to take over, which can be understood as betting on a small rebound, similar to the "first negative day" strategy, which bets that after a 10% drop, the market will rise the next day.

Today's situation clearly shows that the attempt to rebound failed, as Kainuo Technology continued to fall at the opening. This situation should have exacerbated the clearing out of panic selling, speculative selling, and trapped positions.

Looking at the intraday volume, Zhao Qiang discovered that although the volume was not large, only a few dozen lots per minute, there were large orders placed at the moment the market rallied.

"Could it be that state funds are heavily invested in Kainuo Technology?"

"Or……"

Zhao Qiang narrowed his eyes slightly; he had a feeling that something was off about Kaino Technology.

If yesterday's market performance could be explained as retail investors using the "first negative day strategy" to see if there were any opportunities, then today's buying support cannot be explained by "non-human factors" at all.

"wrong!"

"Something's wrong!"

Zhao Qiang narrowed his eyes into slits, staring intently at the intraday chart.

To verify his hypothesis, he began to participate in intraday accumulation to see if there was any speculative capital involved.

Just ten minutes after he started accumulating chips, Liao Guopei was the first to notice the intervention of funds and quickly said, "It seems we've been discovered. There are funds competing with us for chips."

Liao Guopei could see it, and Zhang Yang certainly couldn't be oblivious. He quickly decided, "Stop paying in installments and test their intentions."

"Wouldn't that make the cards upfront?"

Lin Guangchang was puzzled.

The buy orders, which were originally between 30 and 60 lots per minute, have now exceeded 100 lots. If Zhang Yang, Liao Guopei, and Lin Guangchang stop buying, the volume will instantly return to the original range of 30 to 60 lots.

Those who are now involved will understand that there are funds that have been accumulating shares.

"The key is to be transparent, and to create unusual fund movements at the end of the trading day to remind everyone that there is capital accumulating shares in Kaino Technology."

Zhang Yang smiled faintly.

"???"

"???"

Liao Guopei and Lin Guangchang were immediately dumbfounded.

They looked away from the computer and at Zhang Yang at the head of the table, saying in unison, "We don't have enough chips to play, do we?"

Yesterday, Zhang Yangming clearly stated in his market review that he wanted to accumulate around 100 million yuan in shares, but now he has only accumulated about 70 million yuan, which is still far from 100 million yuan. If he creates unusual fund activity now, should he push up the price or not?
The two couldn't understand it.

They don't understand what Zhang Yang is thinking.

Zhang Yang looked up at the two men's puzzled gazes and explained his reasoning: "On Monday, Xu Xiang and Sun Guodong tried to save themselves. We observed for a day, waiting for the panic to spread. On Tuesday, we entered the market to pick up the blood-stained chips. Now it's Wednesday, and the panic can only last for another limit down. But because of our capital intervention, we absorbed the panic chips, and the stock price has stabilized."

"If we want cheaper shares, a common tactic is to create volatility or violent sell-offs, artificially generating panic selling at the daily limit down."

"So here's the question."

"Xu Xiang and Sun Guodong's group of speculative investors might not have noticed the way the market was accumulating shares, but they couldn't possibly have been unaware of such obvious speculative behavior as dumping shares at a loss."

Zhang Yang took a breath and continued, "If we don't dump the shares, we won't be able to get cheaper chips. If we dump the shares, other speculative funds might get involved, and their chips will be cheaper than ours, making them easier targets for our attacks."

"In addition, Kainuo Technology and Meijin Group are listed through backdoor listings, which involves a suspension of trading for investigation. If only we are speculating, there may be huge risks."

"Given that we can no longer acquire cheaper shares, our primary task now is no longer to accumulate shares, but to attract the attention of various funds and lure them back while accumulating shares."

"The best way is to expose a weakness and let some of the pieces come back first, so that we can firmly control the situation."

Zhao Qiang thought he had discovered the flaw himself?
Not really!

It was just Zhang Yang's deliberate act!
The reason he didn't instruct Liao Guopei and Lin Guangchang to dump shares was that he didn't want to cause too much of a commotion, since they hadn't finished accumulating shares.

However, if a small lure is released, it will not cause too much of a stir, but it can still attract the continued attention of off-market funds.

Everything will be settled once the big buying spree happens at the end of the trading day!
As Zhang Yang finished speaking, Liao Guopei suddenly realized, "So that's how it is, accumulating funds and amplifying emotions are done simultaneously." "Joker is really thoughtful, even having countermeasures for risk prevention."

Lin Guangchang's eyes lit up.

When a company goes public through a reverse merger, it does need to suspend trading to consolidate its assets. If only these three individuals are driving up the stock price, they could easily be placed on the CSRC's investigation list.

"Plans can't keep up with changes. It's best to be cautious about backdoor listings involving trading suspensions." Zhang Yang smiled and casually expressed his concerns.

"Luckily, I'm not Xu Xiang or Sun Guodong, otherwise I might really go crazy if I encountered a monster like Joker."

"Me too."

Liao Guopei and Lin Guangchang expressed their feelings.

As Zhang Yang and his two companions stopped accumulating shares, Zhao Qiang, who was far away at Jiangsu University of Finance and Economics, couldn't help but slam his fist on the table and exclaim when he saw the trading volume return to 49 lots in one minute, with 30 lots still belonging to him: "There really is money accumulating shares!"

After much hesitation, Zhao Qiang reduced his order by half. His intention was clear: he only wanted to get a share of the profits and had no intention of disrupting their accumulation strategy.

Upon understanding the opponent's intentions, Zhang Yang calmly stated, "The opponent only wants to follow; let's add to our position."

Liao Guopei: "Received."

"clear."

Lin Guangchang quickly responded.

The portion that Zhao Qiang lost was made up by Zhang Yang, Liao Guopei, and Lin Guangchang, and the four maintained a tacit understanding and balance.

……

While Zhang Yang and others were accumulating shares, the second quarterly meeting of the Monetary Policy Committee of the People's Bank of China also entered the interview phase.

"Now, we welcome questions from reporters."

The meeting assistant began the announcement.

“Swish, swish, swish—”

The reporters standing in the media area of ​​the conference hall quickly raised their hands, their eyes filled with anticipation.

The meeting assistant glanced around and designated the person: "The foreign journalist in the white shirt in the first row."

The reporter who was called out immediately stood up, took the microphone handed to him by a staff member, and looked at Zhou Chuan, saying, "Governor Zhou, hello. I am a reporter from AFP. You just mentioned that the People's Bank of China will continue to implement a moderately loose monetary policy and increase financial support for economic growth."

"However, according to publicly available data, the scale of credit funds in January 2009 was 1.62 trillion yuan, in February it was 1.07 trillion yuan, and in March new credit was 1.89 trillion yuan. New credit in April and May was halved, at 5918 billion yuan and 6648 billion yuan respectively. Is the moderate easing you just emphasized different from the moderate easing mentioned at the first quarter meeting?"

Despite calls for "moderate easing," credit funds have surged to trillions of yuan.

Judging from the credit data, even though Zhou Chuan still says "moderately loose," this moderate looseness seems to have become less loose.

This statement from the AFP reporter has also touched the hearts of countless stock market investors.

It's worth noting that in early June, some market commentators claimed that the government would tighten credit and stop providing massive stimulus.

However, Zhou Chuan's statement that "the People's Bank of China will continue to implement a moderately loose monetary policy and increase financial support for economic growth" refuted this rumor in the short essay.

The AFP reporter's renewed mention of it clearly indicates they want concrete information.

Zhou Chuan glanced at the documents on the table and replied calmly, "Regarding the credit issue, we will earnestly implement the national decisions and plans on macro-control, implement a moderately loose monetary policy, maintain the continuity and stability of policies, and guide reasonable growth in money and credit."

"Next person."

The assistant spoke up to remind him.

"This is Phoenix TV Media. Governor Zhou mentioned reasonable growth in money and credit. Does this indicate that there was excessive easing in the past?"

The reporters who asked the questions were very bold, and each question made the thousands of stock market investors watching the live broadcast swallow hard.

“That’s an interesting question.” Zhou Chuan clearly hadn’t expected to be asked this question. After thinking about it carefully, he replied:

"We will further streamline the monetary policy transmission mechanism, optimize the credit structure, increase financial support for weak links such as agriculture, rural areas and farmers, and small and medium-sized enterprises, strive to develop consumer credit, and support independent innovation, mergers and acquisitions, industrial transfer and coordinated regional economic development."

"Strictly control loans to enterprises in high-energy-consuming, high-polluting and overcapacity industries, continue to promote financial reform and innovation, vigorously strengthen risk management, and enhance the risk prevention capabilities of financial enterprises."

Zhou Chuan may not have answered the reporter's question, but he had actually responded indirectly, indicating that there was indeed an overly lenient attitude.

In important speeches, leaders generally do not directly state their meaning.

However, three conclusions can be drawn from the extensive use of official language.

1. There is indeed excessive monetary easing, so the next step will be to optimize the credit structure and streamline the monetary policy transmission mechanism.

The second point is the statement "Increase financial support for weak links such as agriculture, rural areas and farmers, and small and medium-sized enterprises, and strive to develop consumer credit." This emphasizes that future credit will be more precise, directing funds to areas that need them.

The third point is the phrase "strictly control loans to enterprises in high-energy-consuming, high-polluting, and overcapacity industries," which means that credit to these enterprises will be tightened.

Zhang Yang released his analysis through Caiyan.com as soon as it was available.

[Financial Research Network Conference Interpretation]: Monetary policy will remain moderately loose, and credit tightening will only target enterprises in high-energy-consuming, high-polluting, and overcapacity industries. In the future, the credit structure will focus on the consumer side, agriculture, rural areas and farmers, and small and medium-sized enterprises.

When the website notification was sent out, the number of views instantly exceeded 2000, and the number of views continued to rise.

[Xiaodaibudai]: I understand now. High-energy-consuming, high-polluting, and overcapacity industries should not be bought. The chemical sector is doomed, isn't it?
[Coffee Coffee]: The market article was indeed half true and half false, but there's no smoke without fire. I didn't expect that credit would actually be tightened.

[Labor and Capital Shudao Mountain]: Focusing on consumer credit, wouldn't that be good for the consumer sector? My liquor stocks will take off!

[Cadaqués]: Hahaha! I'm rich because I went all in on Moutai!

As various websites finished their interpretations, the "Second Quarter Meeting of the Monetary Policy Committee of the People's Bank of China" quietly came to a close.

The banking, insurance, and consumer sectors all saw gains, while the previously strong steel industry and the chemical sector, which had seen modest gains, experienced a slight pullback.

Why are steel and chemical stocks correcting?

The industries are characterized by high energy consumption, high pollution, and overcapacity, with steel companies occupying the majority and chemical companies occupying two.

Take steel as an example. In May, the government issued a document that addressed the issues of overcapacity and eliminating outdated production capacity.

Many people might wonder, given the 4 trillion yuan investment plan for railway infrastructure and real estate, why is there still overcapacity in the steel industry?
Infrastructure projects take time to be implemented, and this overcapacity mainly consists of high-energy-consuming and high-polluting capacity.

……

With Zhou Chuan's watertight answers, reporters from various media outlets all obtained the answers they wanted.

Li Daxiao, who has been closely following the "Second Quarter Meeting of the Monetary Policy Committee of the People's Bank of China," also quickly logged onto Weibo to express his views.

[Maintaining a moderately loose monetary policy while strictly controlling loans to high-energy-consuming, high-polluting, and overcapacity industries indicates a shift in credit allocation from indiscriminate flooding to targeted support. Friends, I've said it many times: buy good stocks, be a good person, and you'll be rewarded. The bull market in the Chinese stock market continues, and after this monetary policy meeting, a credit-driven bull market is on the horizon!]
Li Daxiao's comment about a "credit bull market" has further fueled the capital market.

[The Decisive Moment]: Goodness, credit bull market! A new bull market has emerged!
[The Night is Beautiful]: Buy good stocks, be a good person, and you'll be rewarded. That's all for now, Teacher Da Xiao. I believe in you and I'm ready to go all in!
[Volume Master]: This meeting essentially set the tone: maintain a moderately loose monetary policy, support agriculture, rural areas, and farmers, small and medium-sized enterprises, and strive to develop consumer credit.

With the conclusion of the second quarterly meeting of the People's Bank of China's Monetary Policy Committee, the Shanghai Composite Index has reached 2923.47 points, an increase of 1.04%.

The rapid rise in the market index provided cover for Zhang Yang, Liao Guopei, and others to accumulate shares, which now amount to nearly 80 million.

Perhaps due to the magnitude of the positive news, A-shares did not experience a sharp drop today, a rare occurrence.

截止到下午2点45分，上证指数维持在了2922到2923区间，顺利站上了2900点。

Zhang Yang glanced at the order book for Kainuo Technology. The sell price was 4.13 yuan with a quantity of 4000 lots, the sell price was 4.14 yuan with a quantity of 17,000 lots, and the sell price was 4.15 yuan with a quantity of 23,000 lots.

Seeing that the time was ripe and the market was about to close, Zhang Yang looked away from the screen and at Liao Guopei and Lin Guangchang, saying, "Buy up."

Two simple words instantly perked them up.

"clear."

"Then I'll start."

Without any hesitation, the three of them, with Zhang Yang's leveraged account leading the way, went all in on Kainuo Technology.

[Stock Anomaly Alert]: A super buy order of 780 million yuan appeared for Kainuo Technology.

[Stock Anomaly Alert]: A super buy order of 500 million yuan appeared for Kainuo Technology.

[Stock Anomaly Alert]: A super buy order of 300 million yuan appeared for Kainuo Technology.

The continuous alerts about unusual fund flows left Zhao Qiang completely dumbfounded. He had only accumulated less than 100 million yuan worth of shares, and the market had already started to move?
Before he could react, the stock price of Kaino Technology soared.

4.21 yuan.

4.37 yuan.

4.49 yuan.

When the stock price reached 4.5 yuan, a 6.9% increase, the upward momentum instantly stalled, as if it were a pocket left specifically for funds from all sides.

Ma Xinqi, who had been closely following Kainuo Technology, suddenly stood up and exclaimed, "Damn it, someone is accumulating Kainuo Technology shares!"

"Kainuo Technology?"

"Brother Ma, are you still looking at Kaino Technology?"

"Who's so reckless?"

The Ningbo Daredevil Team's speculative investors all looked at Ma Xinqi. Xu Xiang, with a hint of confusion, looked at Xu Haiou and said, "Could it be that Meijin Group and Kainuo Technology have reached an agreement again, and someone received the news in advance?"

"..."

Xu Haiou fell silent.

He was certain that the intelligence he had gathered was correct, and Xu Xiang would not doubt that Xu Haiou's intelligence was wrong, which is why he said that the deal had been reached, rather than questioning the authenticity of the information.

"That's quite possible."

Sun Guodong couldn't help but frown.

Shu Yimin, standing to the side, glanced at everyone and asked, "You guys aren't thinking of going back to Kainuo Technology, are you? Actually, Ansteel is pretty good. Let's just do our own thing."

Today's surge in Angang Steel's stock price to the daily limit was orchestrated by the Ningbo Daredevil Team, who believe there's no need to take any more risks.

"never mind."

Xu Xiang waved his hand, affirming Shu Yimin's words, "Yimin is right, there's no need to take any more risks. I estimate that this boosting fund is a front for Kainuo Technology and Meijin Group."

Those who increase their holdings or drive up prices against negative news are either trying to save themselves or are acting as fronts for companies, possessing insider information.

"Although it's not a limit-up from the bottom, if it hits the limit up, there should be a list of top traders. We'll see which funds are behind this then," Ma Xinqi said, squinting.

at the same time.

Various online communities for retail investors.

Retail investors who were previously trapped in Kaino Technology's stock price suddenly felt uneasy after seeing the sharp rise in prices, and began to discuss the matter extensively.

[Kongshan Coffee Shop]: Who's saving us? Which heroes have come in?
[This is fate]: Brother, push it to the daily limit! Push it to the daily limit! I need it to hit the daily limit! Help! I'll leave as soon as it hits the daily limit!

[Handsome Kid]: Speculative investors and institutions all have firsthand information. Do you think it's possible that Meijin Group and Kainuo Technology have reached an agreement again?

[King of Jiujiangkou]: Possibly, I'll check with 50 people to see how it goes.

Zhang Yang stared calmly at the laptop monitor.

The reason they don't push the price to the daily limit is because they want more funds to participate and avoid regulatory scrutiny during the trading suspension period.

As time ticked by, at 14:57 PM, during the closing auction, Zhang Yang, Liao Guopei, and Lin Guangchang all placed orders at their daily limit-up prices, choosing to seal their positions on the first day.

At the close of trading at 3 p.m., the stock price, as they had hoped, hit the daily limit of 4.63 yuan, and 30 minutes later, Kainuo Technology appeared on the list of top traders in various securities firms.

Ma Xinqi immediately opened the stock exchange's daily trading data to check the top-selling brokerage for Kainuo Technology. When he saw the familiar name of the brokerage, he slammed his fist on the table and stood up, gritting his teeth, "Damn it, Fuchun Road! Fuchun Road has appeared at Kainuo Technology again!"

"Fuchun Road?"

"What? Fuchun Road?"

"Fuchun Road has reappeared?"

The members of the Ningbo Daredevils were startled, and even Xu Xiang looked surprised, quickly clicking the mouse in front of him to check.

When he saw "Jiangsu-Zhejiang Huaxin Securities Fuchun Road Branch", he suddenly realized something, and a sentence flashed through his mind: I have been washed out by the capital alliance?
(End of this chapter)