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

Chapter 157 Funds Run Out, Zhejiang Businessmen's Dinner

[Financial Research Network Closing Report]: On July 3, A-shares opened with three consecutive days of gains. The Shanghai Composite Index closed at 3088.37 points, up 0.92%, while the Shenzhen Component Index closed at 12258.79, up 2.41%. The leading sectors were real estate, non-ferrous metals, coal, and chemicals.

The IPOs that were temporarily suspended on September 16, 2008, were restarted. Guilin Sanjin, the first stock to be listed after the subprime mortgage crisis, did not directly cause a shortage of market liquidity, but the issue of funding still needs to be addressed.

After issuing the closing report on July 3, Zhang Yang, sitting at his desk, began to analyze the logic behind the index's rise.

The three consecutive positive days in July are definitely not just for good luck; there is an underlying logic to support it.

He had spent the last two days traveling in Shanghai with his parents and sister, and with the matter of He Jing also taking place, he didn't have time to sort out the market news.

After half an hour of searching, the important data and information were presented to us.

1. On July 1st, the government released the manufacturing PMI data for June, which showed a value of 53.2%, marking the fourth consecutive month in expansion territory and reaching the threshold between expansion and contraction.

2. Due to the influence of quantitative monetary policy, the US dollar continued to depreciate, prompting global funds to flow into the commodity market. On July 1, metal prices on the London Metal Exchange rose sharply, driving up global prices.

3. On July 2, driven by the reserve policy and the recovery of consumption, the national pig-to-grain price ratio returned to the break-even point of 6:1, and the price of live pigs stabilized and rebounded.

4. On July 2nd, according to data from the Yanjing Real Estate Transaction Management Network, the number of pre-sale residential units signed on June 27th was 767, an increase of 105.63% compared to the average daily number of pre-sale units signed in 2009, and an increase of 222.23% compared to the average daily number of pre-sale units signed in 2008. The total area of ​​the signed units was 82975 square meters.

5. On July 2, the State issued the "Implementation Measures for the Trade-in of Old Home Appliances", which clarified that consumers in nine pilot provinces and cities can enjoy a 10% subsidy when purchasing new home appliances, with a maximum of 400 yuan per unit.

……

8. The U.S. Emergency Economic Stabilization Act was passed, which used debt swaps to bail out systemically important financial institutions such as AIG and Citigroup, preventing the spread of the "too big to fail" risk.

9. On July 3, driven by expectations of a global economic recovery, international oil prices broke through $70 per barrel, an increase of more than 50% since the beginning of the year.

10. The moderately loose monetary policy continued to take effect, with new credit loans reaching 1.53 trillion yuan in June. In the first half of 2009, China's new credit scale reached 7.37 trillion yuan, setting a new record for the same period.

In just two and a half days, the capital market has seen a series of major developments.

Looking at the compiled document, Zhang Yang said thoughtfully, "The PMI data for June was 53.2%, remaining above the 50-point threshold for four consecutive months. New loans in June reached 1.53 trillion yuan, more than 80 million yuan more than in May, dispelling market concerns about tightening credit."

"Furthermore, the sales volume of real estate in Yanjing exceeded expectations, and the price ratio of pigs to grains in China returned to the break-even point of 6:1. These four things all indicate that China's economy is in a stage of sustained recovery."

These four positive news items correspond to the manufacturing, finance, real estate, and agriculture sectors, respectively, all of which have driven the index up over the past three days.

In particular, the news that "new loans in June amounted to 1.53 trillion yuan" has reassured the market.

It's worth noting that credit funds reached 1.89 trillion yuan in March, but plummeted to 5918 million and 6648 million yuan in April and May, respectively. At that time, the market was worried that credit would continue to contract.

However, at the second quarterly meeting of the People's Bank of China's Monetary Policy Committee chaired by Zhou Chuan in June, it was mentioned that the central bank would adhere to a moderately loose policy, further streamline the monetary policy transmission mechanism, optimize the credit structure, increase financial support for agriculture, rural areas and farmers, and small and medium-sized enterprises, and strive to develop consumer credit.

Many people may think that the meeting was just a formality, but the release of the June credit data shows that the central bank did indeed deliver on its promise.

Credit has not shrunk, but rather grown significantly, which is undoubtedly the best proof that the economy is recovering rapidly.

why would you say so?

Because ordinary people starting their first business, or unlisted companies needing funds to expand their operations, will most likely need to borrow from banks; this is credit funding.

When will ordinary people and businesses start up and expand their operations?
Seven words: When there is profit to be made.

Just like the business boom of the 1980s and 90s, shrewd ordinary businessmen and enterprises were desperately borrowing money to expand their business scale and make profits run.

Simply put, when the economy expands, the scale of credit funds will expand in tandem. However, if the economy contracts, everyone will tighten their belts and reduce their consumption power. Naturally, businesses will not borrow money to expand production capacity, and most ordinary people will not be foolish enough to borrow money to start a business.

"It seems that the underlying logic for the three consecutive days of gains in July is the expectation of economic recovery brought about by the substantial increase in credit funds, rather than an improvement in market liquidity."

Zhang Yang concluded.

Although he is a reincarnated person with macroscopic memory anchors, he is also a variable. If he relies too much on his past life memories, he may very well encounter a Waterloo.

He didn't keep the information he found to support the stock price increase to himself; instead, he shared it through the in-depth finance channel of Caiyan.com, a channel accessible only to VIP members.

However, registering on Caiyan.com gives you a 30-day website membership, and the Deep Finance Channel is now essentially a free channel.

As Zhang Yang compiled and uploaded the content, the number of views soared, and comments also began to appear.

[The Solitary Gourmet]: I didn't expect credit funds to surge so much in June, and the PMI data has been above the expansion/contraction threshold for four consecutive months. No wonder A-shares have risen for three consecutive days.

[Sanctuary Shepherd]: In this light, the market liquidity issue still needs to be monitored, after all, the current daily trading volume of A-shares is less than 300 billion yuan.

[Feng Qingyang]: The establishment of the ChiNext board in October and the relaxation of listing requirements may be a prelude to the decline of A-shares. I feel that the "index bull market" is just some funds trying to save face.

[A touch of righteous spirit]: It's not about saving face, but about maintaining the smooth operation of the market. If there's a sharp drop now, retail investors' emotions will collapse, and the stock market, which has been pushed up to 3000 points, could fall directly to 2000 points.

Zhang Yang watched as the comments section was filled with messages from retail investors, some of which he disagreed with, while others he agreed with.

The viewpoint that I disagree with, or rather, the viewpoint that I only partially agree with, is that [a bit of righteous spirit] said "it is necessary to maintain the smooth operation of the venue." This is not actually a necessity, but rather a temporary requirement.

With the resumption of IPOs and the establishment of the Growth Enterprise Market (GEM), government funds will indeed help maintain the stable operation of the market and may even make the market more active.

This is like a new store opening event; the more lively it is, the better, because the more lively it is, the more potential customers it will attract.

Assuming that June was the month when government funds entered the market to create momentum, then unfortunately, the A-share market did not "heat up".

因为6月1号上证指数的成交量是1560亿，而到了7月3号，上证指数的成交量只来到了1774亿，仅放量了200亿。

Looking at the points, the Shanghai Composite Index opened at 2668.4 points on June 1st and closed at 3088.37 points on July 3rd, a gain of 419.97 points.

The market surged 419.97 points, but the trading volume only increased by 200 billion. Anyone who has ever traded stocks knows that this is highly unusual.

The Shanghai Composite Index fell from 6000 points, with countless trapped investors above it. Moreover, the surge of 419.97 points meant that the accumulated profits were bound to be cashed out.

The lack of a surge in trading volume in this situation indicates that some active funds have suspended trading, or have already left the market.

In mid-June, it was rumored that Wang Yawei, a star public fund manager at China Asset Management, was selling off his entire stock holdings.

Why is the trading volume not increasing?

Which portion of active funds is missing?
The truth is often hidden in the details.

Assuming everything holds true, then the government is using its funds to drive up the prices of blue-chip stocks, while institutional investors are collectively watching from the sidelines, leaving only retail investors to entertain themselves and fantasize about a bull market.

This situation cannot last long, because the purpose of the national funds' hype is to restart IPOs and establish the Growth Enterprise Market (GEM). Currently, "Guilin Sanjin" has fired the first shot in restarting IPOs, and the GEM will be established at the end of October. It is impossible for national funds to push up the index until the end of October.

To put it bluntly, the moment "Guilin Sanjin" went public without causing a market liquidity crisis, the state's phased task of providing funds was already completed.

Now that the phased tasks have been completed, the goals of national funds have also fundamentally changed, shifting from accumulating shares to boosting the index to selling shares and realizing profits.

For this reason, Zhang Yang does not believe that the A-share market "must operate smoothly." If it remains stable, how can institutions re-enter the market?

"咚咚-"

While Zhang Yang was researching the market, there was a knock on the open glass door of his office.

He looked up and saw Xu Zhirou, dressed in a white shirt and a sophisticated suit jacket, looking clean and neat.

Seeing that she had caught Zhang Yang's attention, she went into the office, closed the soundproof glass door, and then said to Zhang Yang, "There are still about ten days left. More than seventy employees are waiting to be paid, and the company's account is not enough."

Because Xu Zhirou graduated with a degree in accounting, she was naturally assigned by Zhang Yang to the finance department to manage the working capital of Caiyan.com.

The funds that Xu Zhiruo invested were mostly spent on attracting traffic.

Currently, Caiyan.com has 15.9 daily active users and 11.2 registered users. 4.9 users spend more than 4 hours a day on Caiyan.com.

Now, not only do we need to pay employee salaries, but we also need to increase the number of servers and cover website maintenance and updates, all of which require money.

"I'll figure something out," Zhang Yang replied, then asked, "What's the current monthly employee salary expenditure?"

"10 financial editors, each earning 6000 yuan a month, with monthly expenses of 6 yuan; 5 data visualization analysts, each earning 8000 yuan a month, with expenses totaling 4 yuan; 15 content reviewers..."

After Xu Zhirou listed all the positions and number of employees, she said the total expenditure: "Including the newly recruited English financial translator, the total is 41, which already includes social insurance and housing fund."

"Okay, I see."

Zhang Yang nodded slightly.

With monthly salary expenses of 41 yuan, that's close to 500 million yuan a year. Running a financial website is like buying a car; you don't realize how expensive it is when you buy it, but you find the expenses are huge once you start driving it.

"Didn't you say you were going to cooperate with Alibaba? What did Ma Yun say?"

Xu Zhirou asked a question.

"Don't worry, I'll take care of the funding. No problem," Zhang Yang assured him, without revealing the truth.

Liu Hua had previously stated that the "Zhejiang Businessmen's Dinner Party" would be held on the evening of July 4th, meaning she would only be able to meet Ma Yun tomorrow.

If he can't secure investment, Zhang Yang will have to use his own money to cover the shortfall – this is the worst-case scenario.

Seeing Zhang Yang's resolute words, Xu Zhirou didn't say anything more. She knew that Zhang Yang also had a Mercedes-Benz S600. If Caiyan.com went bankrupt so quickly, he could still pay his employees' salaries by mortgaging the car.

……

After Xu Zhirou left, Zhang Yang opened the backend of Caiyan.com. He finally understood why Pony Ma wanted to sell Tencent. Without a stable income, the expenses of maintaining a website were simply too high.

Not only does it cost money to operate, but updating the website also costs money, and attracting traffic costs money. It costs money everywhere, it's practically a money-devouring beast.

However, once users' free memberships expire, Caiyan.com will officially become profitable.

While Zhang Yang was lamenting how quickly he spent money, Kaino Technology quietly released a "Serious Abnormal Stock Trading Announcement" along with a suspension notice on its official website.

[江阴凯诺科技股份有限公司（以下简称“公司”或“本公司”)，股票（证券简称：凯诺科技）于2009年6月24日至2009年7月3日，连续8个交易日的收盘价格涨幅偏离值累计达到114.36%，根据《沪都证券交易所交易规则》的规定，连续10
If the cumulative deviation of the closing price over a single trading day exceeds 100%, it constitutes a situation of severe abnormal fluctuation in stock trading.

As of July 3, 2009, the company's closing price was RMB 9.03 per share, with a static price-to-earnings ratio of 127.12 and a price-to-book ratio of 2.9. According to data released by Huazheng Index Co., Ltd., as of July 3, 2009, the company's industry classification was "textile and apparel," with the latest average static price-to-earnings ratio of the industry being 19.61 and a price-to-book ratio of 2.02, which differs significantly from the company's latest price-to-earnings and price-to-book ratios.

The company's main business is currently the sale of men's apparel, and it has opened numerous stores across the country through a chain operation model.

In response to the overheated market sentiment and the continuous rise in stock price, the company, after rigorous internal review, has confirmed that it has reached an asset-related agreement with Meijin Group. However, the risk of a sharp short-term decline cannot be ruled out. Investors are advised to pay attention to trading risks, avoid blindly following the crowd, make rational decisions, and invest prudently.
With the issuance of the "Announcement on Serious Abnormalities in Stock Trading," the widely circulated article in the market was confirmed to be true, and countless investors couldn't help but feel dejected upon seeing the announcement.

[Xiao Ai Bu Ai]: Sure enough, there's no smoke without fire. Damn DJ, the "Serious Stock Fluctuation Announcement" directly confirms that Meijin Group plans to go public through a backdoor listing.

[Super Big Cola]: Actually, the last time the "Asset Restructuring Agreement" was released, it was already confirmed that Meijin Group was going to backdoor list through Kainuo Technology. It's just that many shareholders were still waiting. Now, they don't even have a chance to get on board.

[The Fool Who Challenges Windmills]: Don't chase hot topics if you can't even catch the hottest shit. It's no exaggeration to say that Kaino Technology will have at least ten consecutive limit-up days. If it can't, I'll lick public toilets upside down and clean all the public toilets within a ten-kilometer radius.

[White Swan]: I hate it! I also thought Kainuo Technology was severely undervalued, so I bought 50 worth, made a profit on one board and then sold it. Now it might go up to the sky.

Amid the announcement of serious abnormal stock trading and widespread discussion among shareholders, some noticed the accompanying announcement from Kainuo Technology regarding a suspension of trading due to a major asset restructuring, indicating that Kainuo Technology would be suspended from trading from July 6th to July 15th.

(I believe I am who I am)

(I believe in tomorrow)

Zhang Yang's phone suddenly rang; it was Liao Guopei calling.

The moment he pressed the call button, he went straight to the point: "Holy crap! Joker, you don't actually have some kind of powerful connections, do you? We just finished selling off most of our shares, and then Kaino Technology was restructured and suspended from trading."

"It's just a simple coincidence."

Zhang Yang smiled faintly.

He had no idea when Meijin Group and Kainuo Technology would issue the "Announcement on Suspension of Trading due to Major Asset Restructuring." He only knew that Kainuo Technology had reached his reduction point on June 28th, allowing him to gradually realize profits.

He had profited from the head of the fish, and he had also profited from the body of the fish. As for the tail of the fish, he had absolutely no interest in it.

"Is it really a coincidence?"

Liao Guopei was skeptical.

He has already returned to the hotel; otherwise, he would have questioned Zhang Yang in person long ago.

"It's half coincidence and half speculation. Eight consecutive limit-up days is a dangerous range, and it just so happens to be Friday. Listed companies like to release announcements on Friday closing time or over the weekend, as you know," Zhang Yang said, changing his tune.

Announcements released at the close of trading on Friday and over the weekend, whether positive or negative, can be used by online trolls for marketing purposes.

For example, if there is serious negative news, some listed companies' public relations teams will buy press releases to minimize the impact, while if there is positive news, they can let public opinion ferment.

This is why many listed companies choose to release their quarterly reports and major adjustments after the market closes on Friday or over the weekend.

"Anyway, we made a fortune on this ticket, haha." Liao Guopei laughed twice, then asked, "By the way, are you still going to bid for the Buffett lunch? I heard it's already at $170 million, I feel like it'll be $300 million this year."

"I not only want to film, but I also want to eat early." Zhang Yang already had his own plans.

He wasn't making a film about "Buffett's Lunch," but rather using his fame to help Caiyan.com achieve a traffic leap.

to be honest.

That's the advertising cost.

If you really wanted to get Warren Buffett to endorse a financial website, let alone two or three million US dollars, you might not even be able to get this big shot to come.

The name "Buffett" has become a benchmark in the investment world. "Okay, you decide. As for the investment, I can contribute half. Just bring me along."

Liao Guopei also wanted to meet Buffett, who was his idol when he was young.

If someone shares the cost, it averages out to several million, which is still very profitable.

"What about the family that's raising children?"

Zhang Yang inquired.

"I didn't ask him. If he comes too, we'll just share a table and have a Buffett lunch, haha."

Liao Guopei smiled.

I'll ask him about it later.

"Go ahead and ask. We'll talk later."

"Talk to you later."

After hanging up the phone, Zhang Yang called Lin Guangchang and asked, "Would you like to join us for lunch with Buffett?"

"How to fight?"

Lin Guangchang was puzzled.

Zhang Yang: "Let's go for a 433 ratio. I'll contribute 4, and you and Wuyingjiao will each contribute 3. You can each bring one person, and I'll bring two people. That'll make a total of seven people to meet Buffett."

"Okay, no problem."

Lin Guangchang agreed without hesitation. He also wanted to meet Buffett and take his wife on a trip abroad.

"Okay, it's settled then."

"OK."

After exchanging a few more pleasantries, the two hung up the phone.

After putting the Nokia back on the desktop, Zhang Yang used the company's international channels to open the eBay website. The latest bid for "Lunch with Buffett" is $176 million, equivalent to RMB 1202 million.

It's worth mentioning that eBay allows companies to participate in auctions, which saved Zhang Yang a lot of trouble.

If companies are not allowed to bid, given China's annual foreign exchange quota of $5 per person, he would have to find underground banks to buy the quota at a premium.

What are underground banks?

To put it simply, it's an unofficial, private foreign exchange exchange channel that only profits from the premium.

比如说7月3号美元对华国币的汇率是1比6.83，也就是1美元，兑换6.83元华国币，这是官方价格。

If you use an underground money exchange, the exchange rate might be 1 to 8, or even higher.

The advantage of underground banks is that there are no limits on the amount. You only need to give them your Chinese Yuan and provide an overseas account, and they will transfer the corresponding amount of foreign currency into your account. The disadvantage is that there is a high premium.

Nowadays, eBay supports auctions using company names. Zhang Yang can use the company's name to apply for foreign exchange quotas from banks and use the company's money to bid on "Lunch with Buffett".

……

The next day, March 4th.

Hangzhou Kaiyuan Mingdu Hotel.

This is the flagship hotel of the Kaiyuan Group, located on Shizhong Road in Xiaoshan District. It was officially designated as a five-star hotel in 2006.

In 2008, it was awarded the title of "Top Ten Star-Rated Hotels in Hangzhou". It is known for its large scale and complete catering facilities, with more than 3000 seats and multiple banquet halls.

However, starting from July 1st, the Kaiyuan Mingdu Hotel shut out all its guests under the pretext of "suspending business for rectification".

On July 4, the Kaiyuan Mingdu Hotel had already laid out a red carpet, but the sign at the entrance still read "No foreign guests allowed".

As night fell, the hotel, which had been closed for four days, began to welcome its long-awaited guests.

Mercedes-Benz S-Class, Rolls-Royce, and Maybach cars drove into the temporary parking spaces in front of the hotel, where a dozen or so doormen who had been waiting eagerly scrambled to park the cars for their boss.

"Hello, Mr. Cao, let me park the car for you." The doorman at Kaiyuan Mingdu Hotel had done his homework and recognized at a glance that the person sitting in the back seat of the Maybach 62 was Cao Wang, the CEO of Fuyao Glass.

Cao Wang opened his eyes, glanced at the doorman, and said, "Give him a 100 yuan tip."

Wearing white gloves and dressed formally, the driver handed 100 yuan to the doorman and then quickly got out of the car to open the door for Cao Wang.

Shortly after Cao Wang entered the hotel, Zhou Chengjian, the CEO of Metersbonwe, who holds $26 billion in wealth and a company market value of over 10 billion, arrived at the Kaiyuan Mingdu Hotel.

Before Zhou Chengjian even got out of his car, Li Shufu, the founder of Geely Automobile and chairman of Geely Group, arrived at the same time in his own Geely car.

Upon seeing Li Shufu, the previously aloof Zhou Chengjian quickly greeted him, saying, "President Li, haha, what a coincidence!"

"What a coincidence, Mr. Zhou! I didn't expect to run into you at the door. We must have a drink later," Zhou Chengjian said with a smile.

The two shook hands warmly, beaming with smiles; anyone who didn't know them would think they were longtime friends.

But in reality, businessmen are cunning. Don't be fooled by their smiling faces; they may already be plotting how to take over another company.

The CEOs of Wahaha Group, Wanxiang Group, Guangsha Holdings, Huafeng Group, Semir Apparel, and Aokang Group arrived one after another, each one enough to make the business community of Jiangsu and Zhejiang tremble.

7:42pm.

A black, extremely luxurious Rolls-Royce drove into the parking space in front of the hotel.

A doorman with regular features and about 1.8 meters tall quickly stepped forward and greeted him warmly, saying, "Welcome, Mr. Liu. Leave the parking to me."

Liu Hua gestured to the driver, who handed over 100 yuan and then opened the car door for Liu Hua and Zhang Yang in the back seat.

Zhang Yang didn't drive his own car. Although his Mercedes S600 was just as good as other vehicles, he was from eastern Guangdong and was able to come by pretending to be a distant relative of Liu Hua.

Because it was an extravagant dinner, his custom-made suit came in handy.

The meticulously tailored, slim-fitting suit perfectly accentuated her striking figure, while the gleaming leather shoes on her feet further emphasized her wealth.

The moment Zhang Yang stepped out of the car, the doorman at the hotel didn't even need to look at Liu Hua; he could tell from Zhang Yang's clothes that he was a wealthy young man.

"Let's go."

Liu Hua called out to Zhang Yang.

When they stepped onto the red carpet, many people looked at Zhang Yang rather than Liu Hua next to him, because Zhang Yang was too young, so young that it was "unfair"!
We don't need to look at what a young and successful person has done, but rather we need to consider how much influence and power their family has.

Liu Hua knew that Zhang Yang had stolen his thunder, but he had to admit that Zhang Yang, dressed in a high-end suit, was so handsome that even he, in his younger days, had to temporarily give way.

"This way, you two, please."

The waiter kindly gave directions.

After walking a few hundred meters, the waiter stopped at the entrance of the banquet hall and gestured for them to enter, saying, "Please, gentlemen."

"Thank you."

Zhang Yang casually handed over a 100 yuan tip.

In such an important occasion, tipping is a must. Now that Liu Hua and Zhang Yang are walking side by side, it's impossible for Liu Hua to tip while Zhang Yang stands there dumbfounded.

"Thank you, sir."

The waiter accepted it without a second thought.

For hotel waiters, salary is secondary; just like golf caddies, tips are the main source of income.

Upon entering the banquet hall, the first thing that catches the eye is a giant crystal chandelier hanging high in the dome, with thousands of finely cut crystals refracting a dazzling light.

Looking around, the pillars are covered with gilded reliefs, with intricate scroll patterns winding upwards, and the tops of the pillars support a gilded and painted dome, where mythological figures in the murals are depicted with flowing robes.

Luxurious as a palace...

Do not!
This is a magnificent palace!

At this moment, the banquet hall was filled with waiters carrying trays and business executives raising their glasses in conversation.

The Zhejiang businessmen's dinner party is less of a dinner party and more of a gathering of most of the entrepreneurs from Jiangsu and Zhejiang to discuss whether there are any emerging opportunities.

"Mr. Liu."

At this moment, a middle-aged man in his forties with a receding hairline and a scar on the corner of his right eye approached with a glass of wine.

"I saw you from afar, Mr. Liu. It's been half a year since I last saw you, and you're still as upright as ever."

Liu Hua is in her fifties. If she hadn't been exercising regularly and deliberately maintaining her figure, she would usually be overweight and hunched over.

The person who came up to chat was Yao Naxin, the CEO of Juguang Technology. He and Liu Hua were old acquaintances and could be considered friends.

"Mr. Yao, how have you been? I heard that your environmental monitoring equipment has recently seen a surge in orders, and you're almost becoming a leader in this niche market."

Liu Hua stopped keeping a straight face. There was no benefit in being cold to people of the same generation or status.

"Well, you're lucky. You've made several technological innovations, but you still can't compare to President Liu. Your financing business has even reached Yunnan Province." Yao Naxin clearly knew the details of Hongyue Investment and directly stated the specific scope of its business.

Entrepreneurs have very small social circles, so it's almost impossible to keep anything a secret.

"It's all the same, just good luck, just happened to catch the right opportunity," Liu Hua said with a smile.

"Who is this?"

After a brief exchange of pleasantries, Yao Naxin looked at Zhang Yang beside him and asked a question.

In fact, he had noticed Zhang Yang next to Liu Hua long ago. While exchanging pleasantries with Liu Hua, his mind was racing, trying to find specific information about Zhang Yang.

But unfortunately...

His brain says there is no such person!

“Zhang Yang is my aunt’s son. He’s recently started a business in the Yangtze River Delta. This is a dinner party for Zhejiang businessmen, and I brought him here to broaden his horizons.”

Liu Hua explained.

"I've long admired Mr. Yao's name." Zhang Yang proactively extended his hand, adopting a humble posture.

Before attending this dinner with Zhejiang businessmen, he had done his homework, having basically looked through the names of the famous business leaders in Jiangsu and Zhejiang.

This Mr. Yao is Yao Naxin, the CEO of Juguang Technology.

Juguang Technology is not simple. It not only produces high-end analytical instruments, but also has a relatively complete mass spectrometry, chromatography, and spectroscopy technology and product platform. It has offices in more than 20 cities across the country.

"Hello, hello," Yao Naxin responded warmly, but the next second, he began to probe Zhang Yang's background, asking, "Brother Zhang, what field do you work in?"

Tonight's dinner party has brought together a large number of Zhejiang businessmen. Since it's a business dinner, it's obviously to explore potential collaborations.

"Financial website."

Zhang Yang answered truthfully.

"Wow, a financial website? That's impressive! The internet is the trend of the times. Jack Ma of Alibaba, he made his fortune of tens of billions by combining the internet with shopping. May I ask what your website is called, Brother Zhang?"

Yao Naxin asked again.

obviously.

He wanted to find out the details.

Even if a financial website and Juguang Technology's business have no overlap, a friend of a friend might just connect them.

For example, Yao Naxin has a friend who is in the financial business, and Zhang Yang happens to have a financial website. He can make a profit by connecting them.

"Caiyan.com is still in its early stages, so please excuse its humble appearance, Mr. Yao."

Zhang Yang said modestly.

"Not at all, you..." Yao Naxin hadn't finished speaking when a commotion broke out in the banquet hall. Everyone turned to look at the doorway, and Zhang Yang vaguely heard someone say, "President Ma is here."

As Liu Hua and Zhang Yang turned around, they saw a thin, pale-faced middle-aged man walk in through the door. He was wearing a white shirt, but the sleeves were rolled up to about half-length.

The visitor was none other than Ma Yun, the founder of Alibaba and a trendsetter at the forefront of the internet industry.

Zhang Yang narrowed his eyes, looking at Ma Yun in the distance, who was full of vigor and walking with a swagger. This was his target for tonight.

(End of this chapter)