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

Chapter 164 Institutional Alliances, Money Above All

Less than half a minute after winning the bid, Zhang Yang received an email from eBay staff at the email address he left.

[Dear Mr. Joker:]

First of all, congratulations on successfully winning the "Buffett Charity Lunch" auction, auction number: 200906. We have confirmed you as the final buyer through the system. Thank you for your support of the Glide Foundation's charitable work.

In accordance with the auction rules and procedures, we would like to communicate with you regarding the subsequent payment matters as follows, so that you can complete the relevant operations smoothly:
1. Payment amount and deadline.

The final transaction amount for this auction was US$3.2 million. The deadline for payment is August 1, 2009. Please complete the full payment before this deadline. Failure to pay by the deadline will be considered as automatic abandonment, and we will re-process the auction item according to the rules.

Second, payment method.

1. Credit card payment: You can pay directly through the Visa/Mastercard linked to the eBay platform. The system will automatically complete the currency conversion.

2. Bank wire transfer, the receiving account information is as follows:

Bank Name: United National Bank.

SWIFT code: UNBKUS33.

Account Name: eBay Charitable Auctions.

Account number: 678…123.

Note: Please be sure to include your auction number and name so that we can quickly verify the receipt of payment.

III. Fee Explanation.

All cross-border transfer fees, bank charges, and exchange rate differences incurred during the payment process shall be borne by the buyer. For specific rates, please consult your bank. eBay does not charge any additional service fees.

Fourth, confirmation and subsequent procedures.

Once the payment is received, we will send a payment confirmation (including an electronic voucher) via email within 1-2 business days. At the same time, a representative from the Glide Foundation will contact you to discuss the specific time, location, and participation details for the lunch.

If you have any questions about the payment process, please feel free to contact us through eBay's customer service channels or reply to this email. We will do our best to assist you with the subsequent steps. Thank you again for your participation!
Upon opening the email, Liao Guopei, who had already come to Zhang Yang's side, widened his eyes, seemingly wanting to write the email down.

"Is this the email worth 2185 million? It looks so shiny."

Lin Guangchang, who was standing to the side, had already taken out his phone, snapped a picture, and said, "This is the first time I've seen the contents of an email. It feels like a country bumpkin coming to the city. I have to make a record of this."

Spending over 2000 million yuan on a single meal is something even the richest person in the region would have to think twice about.

Even if he's arrogant, he's never had a lunch that costs over 2000 million; at most, he's only ever been to a royal cruise ship party that costs tens of millions.

"Over 2000 million, how long would it take my dad to earn that..."

Xu Zhiruo murmured to herself.

A single throwing knife costs tens or hundreds of thousands of yuan, while a more expensive one costs fifty or sixty thousand yuan. This would require Xu Yan'an to make about fifty or sixty trips back and forth.

Throwing knife surgery is not a common occurrence, and Xu Yan'an did not deliberately take on the task, because the annual salary offered by Peking Union Medical College Hospital, along with his mother's annual salary, was enough to place them among the wealthy families.

"I'll go to the bank to transfer the money first. You guys take the next couple of days to pack up and get the visas and everything sorted out," Zhang Yang said.

"no problem."

Liao Guopei responded quickly.

"Oh right, I almost forgot about the visa." Lin Guangchang slapped his forehead and said quickly, "My wife's visa hasn't been processed yet, I need to get her to the visa office right away."

“If your visa is expiring, you can print out the contents of the email and submit it to the visa officer.” As Zhang Yang spoke, he forwarded the email to the email addresses of Liao Guopei, Lin Guangchang, and Xu Zhiruo.

Since the United States is not a visa-free country, you need to obtain visa eligibility first.

Obtaining a US visa is simple. First, you need to have solid documentation, such as a stable job and income, being married with children, and owning luxury homes and cars in your home country.

What if the information isn't solid enough?
Then you must have a legitimate reason, such as needing to go to the United States for work or cooperation, and you must not mention visiting relatives or the like.

The visa system exists to prevent people from tearing up their passports upon arrival and overstaying their visas.

If you say you have relatives in the US and want to visit them, and your supporting documents aren't strong enough, the visa officer will have to consider whether you're planning to overstay your visa and stay with your relatives.

Attending Warren Buffett's charity lunch is a perfectly legitimate reason, and it's highly unlikely that a visa officer would refuse.

If you have neither solid supporting documents nor a legitimate reason, you'll have to play the emotional card and talk about your dreams. This has a certain chance of getting a visa, but it mainly depends on the visa officer's mood on the day.

……

After forwarding the email to Xu Zhiruo, Liao Guopei, and Lin Guangchang, and explaining how to get the visa approved, Zhang Yang left the company.

No sooner had Zhang Yang left than Liao Guopei and Lin Guangchang also left the company to prepare the specific materials for their visa applications.

Xu Zhiruo then found Xu Zhirou and boasted that she was about to meet Buffett.

Wearing a white shirt with the cuffs rolled up to mid-forearm and a name tag, Xu Zhirou, who had a neat and professional appearance, asked with some surprise, "Spending over 2000 million on a meal? That's quite a lot of money?"

"It's not that he's rich, it seems like he's using company accounts," Xu Zhiruo said after thinking for a moment.

"what?"

Xu Zhirou paused for half a second, then without hesitation, she picked up the LG KF350 phone on the table and called Zhang Yang.

"Dududu-"

After a few busy tones, the call was connected.

"what's up?"

Zhang Yang had just arrived at the underground parking garage.

"Are you crazy? Spending over 2000 million to have dinner with Buffett, have you thought about the company's future development?" Xu Zhirou questioned.

Caiyan.com just signed a "betting agreement" with Alibaba, and then Zhang Yang spent more than 2000 million yuan to have dinner with Buffett. What kind of nonsense is this?

Spending public funds on meals?

Publicly funded celebrity worship?

As the company's finance officer, Xu Zhirou couldn't understand Zhang Yang's actions at all.

If it were a large company, it would be one thing, but if a startup is spending money so lavishly, aren't they afraid of running out of cash?
"If we want to achieve a net profit of 100 million yuan in two years, we need to increase the website's reputation. Rather than having dinner with Buffett, we should recommend Caiyan.com to him," Zhang Yang explained.

"You're thinking……"

Xu Zhirou suddenly realized, but before she could speak, Zhang Yang said first, "That's right, recommending stocks is against the rules, but recommending websites is not. You should pack your things and come with me."

"..."

Xu Zhirou fell silent.

She never imagined promoting Caiyan.com in this way. After all, "Warren Buffett's Charity Lunch" is broadcast globally and is an event that attracts global investors. Advertising Caiyan.com in front of the world would cost much less than driving traffic from Baidu or hiring celebrities for endorsements, and the target audience would be much more precise.

Who cares about Buffett?
investor!
Investors worldwide!
The 2000 million yuan was less for meals and more for Zhang Yang's targeted advertising to Caiyan.com, aiming to reach investors worldwide.

"Is there anything else?"

"boom--"

Zhang Yang started the car, placed his phone on the center console, and then turned on hands-free.

"correct."

Xu Zhirou then thought of something and said, "The first batch of registered users attracted by the gray-scale test had a payment rate of 69%, with a total of 2876 registered users paying for memberships."

The shift in topic was her tacit approval of Zhang Yang spending over 2000 million yuan to have dinner with Buffett.

On June 15th, Caiyan.com launched its first internal test, relying solely on its influence to attract traffic and promote itself.

The first batch of paid members will, barring any unforeseen circumstances, be the same people who paid for research reports in Zhang Yang's QQ group back then.

Zhang Yang once used the account "joker" to post on Baidu Tieba to attract followers and run paid research report groups. Although many people questioned whether he was a scammer, he still proved with his abilities that he was not exploiting people and even created several QQ communication groups.

"How much exactly?"

Zhang Yang asked questions while driving.

"Of the 2876 paid members, 2361 were monthly members paying 120 yuan each, generating 283320 yuan in revenue; 344 were quarterly members paying 299 yuan each, generating 102856 yuan in revenue; and 171 were annual members paying 999 yuan each, generating 170829 yuan in revenue. The total revenue was 557005 yuan."

After stating the exact figures, Xu Zhirou added, "Excluding traffic acquisition costs and development and maintenance costs, our Caiyan.com's current monthly labor and operating costs are around 80 yuan, leaving a shortfall of 25 yuan."

"What about including it?"

Zhang Yang inquired.

"At least a million shortfall."

Xu Zhirou answered very decisively.

She was in charge of finances and knew about the huge expenses of Caiyan.com.

This is why she was angry when she heard that Zhang Yang spent over 2000 million yuan to have dinner with Buffett; 2000 million yuan is enough for Caiyan.com to operate smoothly for half a year.

Of course.

The premise is that no features are developed.

Due to technology outsourcing, Caiyan.com's technology expenditures are enormous. However, Caiyan.com is currently building its own development team to avoid technology dependence.

"understood."

Zhang Yang already had a general idea of ​​the situation.

The users retained from the gray-scale testing were all selected after multiple screenings, so he wasn't surprised that the paid conversion rate reached 69%.

He is more concerned about subsequent traffic generation, that is, the paid conversion rate after the website is officially launched, as this part can reflect the website's potential.

七天留存32%，在32%用户的基础上再砍70%，也就是100人留下32人，32人里面有10个人付费就算是高质量网站。

Zhang Yang's minimum expectation is 100 real registered users, with 3 paying users. Without this ratio, Caiyan.com will find it difficult to continue operating and will have to adjust its content output.

However, at present, paid subscriptions are very stable and have already made up for most of the shortfall.

However, this was to be expected, since until now, Caiyan.com's reports and intraday updates have been consistently high-quality and flawless.

……

And at the same time.

the other side.

No. 728, Waima Road, Shanghai.

With 40 floors above ground, 3 floors below ground, and a 6-story auxiliary building, the magnificent Huitianfu Building houses thousands of employees.

Although Huitianfu Fund has only been established for four years, it is a fund company jointly established by Orient Securities, China Eastern Airlines Financial Holdings, and Shanghai Dujiangyan Asset Management, making it a company born with a silver spoon in its mouth.

It was precisely because of these resources that Huitianfu Fund launched its first fund, "Huitianfu Advantage Selection Hybrid Fund," in August 2005, raising an astonishing 10.3 billion yuan in its initial offering, setting a new record for fund issuance during the same period.

In 2007, it was awarded the title of "Golden Bull Fund Management Company" for the first time, and the performance of its equity funds began to stand out.

In 2008, it became one of the first fund companies to obtain the qualification for segregated account management, and in the same year, it established a subsidiary in Hong Kong Island, starting its international expansion.

If you had to summarize Huitianfu Fund Management Co., Ltd. in one sentence, it would be: it is not among the top ten fund companies, but it already has the potential to be one of the top ten fund companies.

At this moment, Su Jing, the fund manager of the Huitianfu Balanced Growth Stock Fund, was eating a takeout boxed lunch. This was a special order from the department, costing 15 yuan per box, which included four dishes and a stewed pork rib and corn soup.

Su Jing has an average-looking face with a slightly large nose, but he has an excellent physique; you can see his bulging chest muscles even through his shirt.

At the workstation next to him, a girl with wavy hair and heavy Western-style makeup, seeing that she had almost finished her boxed lunch, struck up a conversation with Su Jing: "Brother Jing, we've invested so much in Haitong Foods, is that so-called Yijing Optoelectronics really that promising?"

Before Su Jing could speak, another slightly overweight man put down his chopsticks and continued:
"I don't know if Yijing Optoelectronics has great potential, but the potential risks are very high. The backdoor listing of Meijin Group, which was very popular some time ago, was stopped by the China Securities Regulatory Commission. Kainuo Technology suffered consecutive limit-down days, and shareholders suffered heavy losses."

The man and woman speaking were named Ouyang Qinchun and Pang Sa. They were both fund managers of the "Huitianfu Balanced Growth Stock Fund," a fund managed by three people with a total fundraising amount of over 30 billion yuan.

Since the continuous monetary easing in 2008, public funds with a value of 10 billion yuan have become commonplace, but public funds with a value of 30 billion yuan are still relatively rare.

Because of the large amount of the fund, it requires the joint efforts of three people to manage it.

"Don't worry." Su Jing burped and said confidently, "The suspension of Meijin Group's listing was purely accidental. Besides, there are precedents, and the CEO of Yijing Optoelectronics won't do anything stupid."

What about growth potential?

Ouyang Qinchun pressed for an answer.

"This company deals with solar energy. Right now, both the government and Europe are focusing on this field. Don't worry, there's definitely something to hype about," Su Jing assured him.

Although the "Huitianfu Balanced Growth Equity Fund" is managed by three people, the real decision-making power lies with Su Jing.

Ouyang Qinchun and Pang Sa, the latter being Su Jing's former assistant, and the former having an improper relationship with Su Jing.

"Buzz-"

The phone, which had been set to vibrate, rang. Su Jing glanced at the caller ID; it was a number saved as "Pan Feng".

"Hello, Manager Pan." Su Jing picked up his phone and started walking towards the corner window.

Seeing Su Jing leave, Pang Sa reached out a chubby hand towards Ouyang Qinchun, who offered no resistance and even hummed a few times in apparent enjoyment.

The office area was open-plan, but with green plants and screens to conceal their actions, no other colleagues noticed.

"It's almost the weekend, Manager Jing, why don't you make some arrangements and we can chat about something?"

Pan Feng's voice on the other end of the phone was very deep, and he probably weighed no less than 200 pounds.

Su Jing laughed and replied, "Of course there are plans. How about we have a villa pool party? But let's make it clear first, no cheating devices allowed."

"I don't know what cheating is," Pan Feng said righteously.

"That's right, that's right, after all, he's Manager Pan, haha." Su Jing didn't expose him, since they were now in a cooperative relationship and he still needed to give him some face.

After a brief chat, Pan Feng got down to business, saying, "I just talked to Manager Tan. Haitong Foods' trading volume has been quite noticeable in the last two days. We need to accumulate shares more steadily. Manager Su, how much has your daily share accumulation increased?"

This statement clearly had a hidden meaning; someone was secretly doubling down their bets. Having been in the game for many years, Su Jing naturally understood the implication and replied, "I strictly accumulate bets."

He emphasized the word "strict," clearly reminding himself that he had not broken the rules.

In March of this year, they received advance notice that Yijing Optoelectronics was planning to acquire Haitong Foods through a reverse takeover.

In addition, Europe and the United States are demanding that the world conserve energy and reduce emissions, and develop green energy, using the slogan of "protecting the planet" to ask industrialized countries to respond.

Industrialized countries cannot earn foreign exchange without access to developed country markets.

It was precisely for this reason that Su Jing, fund manager of Huitianfu Fund, Pan Feng, fund manager of E Fund, and Tan Jianqiang, fund manager of Southern Fund, hit it off immediately and agreed to accumulate shares during the quarterly report period.

Why is it necessary to hold quarterly reports accountable?

After the first quarter report is released, their actions will remain unnoticed by shareholders for the next three or four months.

However, Haitong Foods' first-quarter report was due in May, and at that time, the H1N1 flu concept was extremely popular and became the short-term main theme of the A-share market.

Su Jing, Pan Feng, and Tan Jianqiang unanimously decided to first hype the H1N1 flu concept, putting low-carbon economy and green energy aside for the time being.

However, as Rhine Biologics' leading position was challenged and the China Securities Regulatory Commission (CSRC) called for a halt to speculation, the mutual funds controlled by the three individuals all suffered losses to varying degrees.

In June, industry benchmark Wang Yawei was reported to have liquidated a large amount of his holdings, and other star fund managers were also selling off large amounts of their shares. Those who could not sell were transferring their holdings to index-weighted sectors.

It wasn't until a recent meeting mentioned the slogan "We must vigorously develop green and clean energy and respond to the low-carbon economy" that they remembered that Yijing Optoelectronics was going to use Haitong Foods as a shell company.

Upon hearing Yan Jun's aggressive chip-buying tactics, Pan Feng played a straight card and asked, "How many chips do you have?"

"Less than 9000."

Su Jing answered truthfully.

"Tsk!"

Pan Feng suddenly realized something and guessed, "You have 9000 million, I have 8600 million, and Tan Jianqiang has 7900 million. The numbers don't make sense. Why has the trading volume increased in the last two days?"

"Other funds involved?"

Su Jing frowned.

They have been very careful, strictly adhering to the trading volume of the previous trading day when accumulating shares, and sometimes they even deliberately skip a day.

Public funds and speculative funds alike try to avoid being discovered by other funds when accumulating shares, because once too much capital enters, their efforts to drive up prices will only benefit other funds.

"Let's wait and see. Maybe big investors are coming in to try and catch a rebound," Pan Feng guessed.

He originally wanted to push the stock to its daily limit today, and then gradually shake out weak hands during the decline, but the intervention of other funds made him give up on that idea.

"Sigh, with the three of us joining forces, even Xu Xiang would have to kneel down. Let's think about the weekend party first, haha."

Su Jing pretended to be relaxed.

He was already feeling a bit panicked because during the period of accumulating shares in Haitong Foods, he had taken the time to learn a few "foreign languages" and even revealed some inside information, unsure if it was the other party's doing.

"That's true, let's wait and see."

Hearing that the three parties had joined forces, Pan Feng felt a little relieved. He also recalled the pillow party he had attended last time, which was quite a unique experience.

Pan Feng has never studied abroad and doesn't know why parties are so popular among overseas returnees.

But when he squeezed in, he discovered that the party wasn't just about eating and drinking; there were also programs discussing life sciences.

……

Jinling West Road, Shanghai.

Huaguo Bank Second Branch.

Unlike other banks with their glass doors and windows that allow a clear view of the lobby, this branch has an overall black style at the entrance, including the threshold and steps. The main door is made of copper windows in the style of the 1960s and 70s.

Looking at the whole thing, it's like stepping back into 2009.

The information board on the right side of the entrance to the second branch clearly states that the non-business hours for corporate transactions are from 11:30 to 13:30.

but!

Rules can be broken!
Because Zhang Yang had made an appointment in advance, and it involved an overseas investment business of more than 2000 million yuan, Qian Jinsong, the branch manager of the second branch, and two bank managers were waiting at the door.

When he saw the Shanghai-registered Mercedes-Benz S-Class with license plate "ZY888" drive into the parking lot of the nearby International Hotel, Qian Jinsong quickly straightened his clothes.

He had already inquired with Lan Chengyun and learned that Zhang Yang's company was called Fortune Research Network, and it had just received a 5000 million yuan investment from Alibaba.

It was essential for him to personally welcome the financial company, which has an Alibaba background.

As Zhang Yang walked out of the parking lot and arrived at the entrance of the second branch, Qian Jingsong hurriedly stepped forward and said, "I have long admired Mr. Zhang's name. Please come in."

"President Qian, you're too kind."

Zhang Yang said with a smile.

Although it was the first time the two had met, it was Lan Chengyun who made the connection.

Zhang Yang had initially booked with the branch where Lan Chengyun worked, but Lan Chengyun hinted that the second branch of Huaguo Bank was still lacking in performance. Understanding the unspoken message, Zhang Yang was naturally willing to do Lan Chengyun a favor.

In this society where personal connections matter, relationships are built through repeated acts of mutual help.

With his vast wealth and connections to companies affiliated with Alibaba, Zhang Yang naturally became a valuable network of contacts.

Upon arriving at the bank president's office, Qian Jinsong personally brewed tea and inquired, "I heard from President Lan that the foreign exchange application submitted by Caiyan.com is for overseas commercial investment."

“Yes.” Zhang Yang nodded and said frankly, “Specifically, it’s about bidding for ‘Warren Buffett’s Charity Lunch’ and discussing an endorsement deal with him.”

"Charity lunch..."

Qian Jinsong glanced at Zhang Yang and reminded him, "If it's for charity, the nature of the activity might be a bit irregular."

"Oh right, find Warren Buffett to be our business spokesperson." Zhang Yang then quickly changed his tune, remaining calm and composed.

He brought up the charity lunch because it was something that couldn't be kept secret. He wanted to test the other party's attitude beforehand so that they could continue the conversation.

It is now clear that it can be done under the guise of overseas business investment.

“Yes, overseas business investment is no problem.” Qian Jinsong nodded slightly, then took out a form and said, “Fill in the remittance information first.”

"it is good."

Zhang Yang took the remittance slip and filled it out according to the information provided in the email.

After confirming that everything was correct, he handed it back to Qian Jingsong and said, "Please trouble Qian Jingguo to check it."

Qian Jinsong nodded slightly. After quickly scanning the information, he put away the remittance slip and said with a faint smile, "That's fine. The money will arrive within three business days at the latest."

"How many registered users does Mr. Zhang's financial research website have now?"

Sudden.

He brought up the topic again.

Zhang Yang understands that social networking is all about mutual benefit, so he immediately replied, "Registered users have already exceeded 10. Once Alibaba's traffic channels are opened up, I believe there will be a qualitative leap."

"I see."

Qian Jinsong nodded again, implying, "It's clear that Caiyan.com has great potential. Even Alibaba has invested 5000 million. If there are any issues with the fund in the future, we'll have to consult with President Zhang more often."

"No problem, I will answer all your questions to the best of my ability."

Zhang Yang made a guarantee.

Qian Jinsong seemed to be talking about issues related to funds, but in reality he was referring to problems with fund sales and wanted Zhang Yang to resolve them.

In addition to loan and deposit targets, banks are also equipped with fund sales targets.

Some banks that fail to meet their sales targets will secretly divert funds to purchase relatively stable funds to achieve their sales goals.

With the rise of internet finance websites such as Eastmoney, Tonghuashun, and Sina Finance, many banks have thought of taking advantage of this trend.

Because the speed of internet dissemination is far beyond what a single network point can achieve.

Upon hearing Zhang Yang's promise, Qian Jinsong's eyes narrowed into slits with a wide grin, revealing prominent crow's feet.

"Thank you, Mr. Zhang. If you have time this weekend, I'd like to treat you to a meal."

"Okay, I'll definitely come."

Zhang Yang did not refuse; dinner parties are an essential part of social interaction.

Some things can only be said in a private room.

……

After chatting with Qian Jingsong until after 1 a.m., the other party took the remittance slip and personally went to process the overseas remittance. He then handed the receipt to Zhang Yang and told him to keep it safe.

After receiving the remittance receipt, Zhang Yang chatted with Qian Jingsong for a while before heading straight back to his company office.

"Click——"

Take a photo and upload it.

Contact the eBay website via email.

[I have already wired the funds. The attached receipt is the information from the payment. Please have the Glide Foundation contact me as soon as possible. If possible, please convey my request: I need to have lunch with Buffett as soon as possible.]
As soon as the email was sent, Brand Marshall, who was on the other side of the ocean, glanced at the time and said, "This is the most impatient bidder I've ever seen."

Successful bidders in previous auctions would typically wait about six months before scheduling a new auction.

Because six months is enough time for the media to generate public opinion and to do a good job of promoting the product to investors.

Take Zhao Danyang for example. He won the charity lunch in June 2008, but it took him almost a year to attend.

But what about this "joker"?

The requirement is to eat this meal in the shortest possible time.

Brand Marshall was unfathomable.

However, eBay will fulfill all the requests of its "sugar daddy," and he immediately contacted the Glide Foundation to have them make contact with this mysterious "Eastern guest."

In just half an hour, Zhang Yang received an email from the Glide Foundation.

[Dear Mr. Joker, we fully understand your feelings right now and thank you for your contribution to charity. However, we need to wait for the funds to be deposited into our bank account before we can contact Mr. Buffett on your behalf. We apologize for this and hope you can understand.]
The email's message was clear: to prevent the remittance from being exposed as a fake transaction, they needed to wait for the funds to be received before arranging related matters.

Upon seeing the message, Zhang Yang sent another email expressing his understanding, but also stating that he was eager to meet Buffett to discuss charitable investments.

Having lived in the United States, he knew exactly how to manage a foundation.

Sure enough, upon seeing that Zhang Yang wanted to discuss charitable investments with Buffett, the Glide Foundation's representative carefully reviewed the remittance photos again, and then, risking breach of contract, sent an email to Buffett.

In principle, they need to wait for the funds to be disbursed, but if you say you're still donating...

Ok……

The principle can be lowered a bit...

After sending an email to Buffett, a representative from the Glide Foundation contacted Zhang Yang again via email, stating that they had already sent an email to Buffett and thanking Zhang Yang once more for supporting philanthropy.

Upon seeing the email, Zhang Yang said in a low voice, "The same as always."

The United States prioritizes money, allowing individuals to donate to any organization for convenience.

For example, it's common knowledge worldwide that donating money to American universities can secure a place in the university.

Besides universities, various organizations in the United States, such as police stations, post offices, and fire departments, can also unlock special privileges with money.

Of course.

If donations stop, your network of contacts disappears.

……

Since it was still early morning in the US, Buffett naturally couldn't get up in the middle of the night to reply to emails, and Zhang Yang didn't continue to pay attention either, but instead organized his own market documents.

As the A-share market closed at 3 p.m. on July 16, the Shanghai Composite Index, which had opened sharply higher and broken through 3200 points, fell back to 3183.74 points, down 0.15%, with a trading volume of 2184.06 billion yuan, an increase of 800 million yuan.

The Shenzhen Component Index also opened higher, then rose and fell back, closing at 13081.89 points, up 0.02%, with a trading volume of 1139.68 billion yuan, an increase of 18 billion yuan.

The combined trading volume of the two exchanges has basically stabilized at 3000 billion, and the market has once again used the increased volume to refute the bearish sentiments.

Upon seeing the trading volume stabilize above 3000 billion yuan, Li Daxiao, the self-proclaimed "founder of the bull market," immediately released a video reaffirming his bullish outlook.

[Another day with a trading volume of 3000 billion yuan. Although the Shanghai Composite Index dipped slightly and the Shenzhen Component Index rose slightly, this is insignificant. The 3000 billion yuan trading volume provided a floor, and the index even briefly climbed above 3200 points. This demonstrates that our A-share market is resilient, persistent, and has potential. Comrades, don't hesitate any longer! 3200 points is within reach. Let's ride the bull and advance, protecting this hard-won "charging bull"!]
The emergence of the "Charging Bull" has stirred up the emotions of countless retail investors.

As the number of likes on Li Daxiao's video posts increased, dissent became almost nonexistent in the comments section, with only supportive comments.

[Loves eating green peppers]: I didn't cherish the A-share market when it was at 1600 points, and I thought Teacher Da Xiao was an idiot. Now that 3200 points is just around the corner, if God gives me another chance, I will trust Teacher Da Xiao's judgment!
[God of Architecture]: All in! All in! All in! Buy good stocks, be a good person, and you'll be rewarded. Trust Teacher Da Xiao!

[Little Kid]: You said 2200 billion in trading volume wasn't enough, now it's over 3000 billion! Those who are bearish, get out here and immediately kowtow to Teacher Da Xiao and apologize!

Starting in February, Li Daxiao began to advocate for a bullish market, and regardless of wind or rain, he could always pull a bull out of the "cowshed".

The Shanghai Composite Index has surged from 2000 points in February to 3200 points, an increase of more than 1200 points.

This incredibly high success rate in predictions has silenced any dissent.

Zhang Yang's latest briefing once again mentioned "paying special attention to the liquidity crisis," but stock investors completely believed Li Daxiao, and a large number of retail investors spoke out passionately.

[Crazy Little Jie]: They've been talking about a liquidity crisis for a month now, and it still hasn't dried up. I think the analysts on this website are just so-so!

[Rising Sun]: I suspect that the experts who are bearish are just jealous of Teacher Da Xiao. They keep talking about a liquidity crisis, but the trading volume of A-shares has stabilized at 3000 billion.

[Iced Cola]: What Joker master? He's just an unknown nobody. My assessment is that he's not as good as Teacher Da Xiao. I suggest that the capital decision-making level of Caiyan.com sign Li Da Xiao with a hefty sum!

(End of this chapter)