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

Chapter 174 The Scammer Who Jumped Off a Building, Tianhong Fund Advertisers Arrive

"Framing the guy who jumped off the building?!"

"How do you frame someone?"

"If we push him too far, he might actually jump off a building. Is there any criminal risk involved?"

When Zhang Yang said he wanted to teach Chen Sanrong a lesson and put the label of "Fuchun Road" on his head, Liao Guopei and Lin Guangchang were both shocked.

They know how good Zhang Yang is at "tricking" speculative funds. His last "fishing for price increases" trading strategy directly created a crisis of trust among speculative funds. Even though half a month has passed, speculative funds in the A-share market still have psychological shadows and dare not easily believe the words of funds on the market.

"Let's go to the trading room first."

Zhang Yang spoke up to signal.

"it is good."

"Walk."

Liao Guopei and Lin Guangchang responded quickly.

Zhang Yang first returned to his office workstation, saved the document he had just organized to a USB drive, and then went with Liao Guopei and Lin Guangchang to the finance conference room, which was their private stock trading area.

As the three walked toward the conference room, Zhang Zetian wanted to ask Zhang Yang about a formatting issue, but seeing Zhang Yang's departing figure, she wisely refrained from disturbing him and instead went to ask a senior member of the website for advice.

"Click——"

After closing the conference room door, Liao Guopei got straight to the point: "How do we deal with him? I've had a problem with that guy who jumped off a building for a long time."

"This man is disloyal."

Lin Guangchang nodded in agreement.

When they agreed to control "Changan Automobile" at the beginning of the year, Chen Sanrong was the first to leave. Although he was right, his departure from the group made him the target of criticism from other speculative investors.

Zhang Yang also had a grudge against Chen Sanrong. Back then, his first choice for "intercepting the dragon" was not Liao Guopei, but Chen Sanrong.

However, the other party didn't take it seriously and even published the private message content from Baidu Tieba, causing Zhang Yang to be ridiculed by the public.

Zhang Yang didn't take this little episode in his growth to heart, because the two of them were of vastly different "status" from the beginning, and he never regarded Chen Sanrong as his rival.

Revenge on the weak?
He wasn't interested.

However, the premise is that Chen Sanrong doesn't run into trouble himself.

Zhang Yang wouldn't deliberately cause trouble for the other party, but if he were to run into the line of fire, he wouldn't hesitate to pull the trigger and shut the other party up completely.

"Sit first."

Zhang Yang sat down in his seat.

Liao Guopei and Lin Guangchang exchanged a glance and then took their seats.

After the two sat down, Zhang Yang looked at them and analyzed, "As the saying goes, fast is slow, and slow is fast; when a person wants to make quick money, desire often overrides reason, and that is the flaw in the suicide guy's story."

"Then how do we deal with him?"

Liao Guopei was somewhat impatient.

“Now the guy who jumped off the building is definitely wary of us, so we need to break down his defenses and gain his trust.”

As soon as Zhang Yang finished speaking, a smile appeared on his lips, and he continued, "Ideally, there should be a huge return on investment to make him completely intoxicated, like a gambler who loses his mind, and then set a huge trap for him."

"A huge return?" Lin Guangchang was stunned and asked in confusion, "Is it Haitong Foods, the company we've been buying on dips?"

"No no no!"

Zhang Yang shook his head and said with a faint smile, "It's the newly listed China Construction."

"Chinese architecture?"

"That stock that raised over 400 billion?"

Liao Guopei and Lin Guangchang looked puzzled. If they remembered correctly, this ticket was still in the subscription stage.

Although IPOs offer high returns, with Guilin Sanjin, Wanma Cable, and You'an Shares all having premiums of over 50% on their issue price, this does not mean that Huaguo Construction will necessarily have a premium. What if it falls below its issue price?
The chances of a stock falling below its issue price are small, but not impossible.

Once a newly listed stock falls below its issue price, coupled with the fact that there are no price limits on the first day of trading, the decline often reaches 30% or even more than 50%.

Zhang Yang made this conclusion: Huaguo Construction must have a premium profit?
They don't understand.

He looked at Zhang Yang with a thirst for knowledge.

Sensing the puzzled looks from the two men, Zhang Yang, though not a mind reader, could guess what Liao Guopei and Lin Guangchang were thinking.

He opened his laptop, plugged in his USB drive, and said, "I've said it more than once: every fund in the stock market has its own expectations. The expectations of retail investors and speculative funds are relatively simple. Ultimately, they just want to make money in the stock market. Moreover, short selling is not allowed in the A-share market, so all the trading is about going long."

"For institutions at a higher level, the national team funds are not just about making money."

“Take a small number of institutions as an example. They may not necessarily go long, but may also be involved in short selling. A certain amount of funds may be intended to lose money.”

Why lose money?

"Transfer of benefits!"

"Knowing that the price is high, people still buy in; this kind of operation is commonplace."

"Since stock market funds all have their own expectations, think about why the market index has risen so wildly in the past two months? What are the expectations of the bullish funds that are driving them up?"

As soon as the question was raised, Lin Guangchang immediately thought of the liquidity crisis that Zhang Yang had mentioned some time ago, when Zhang Yang mentioned Huijin's increased holdings in the four major banks.

He had a sudden inspiration and said, "In April or May, Huijin said it would increase its holdings in the four major banks. In the past two months, banks have driven the index up. So now the ones going long should be state funds. Their expectation is..."

Lin Guangchang paused for a moment, and Liao Guopei added for him: "Stabilize the stock market."

"Under what circumstances is it necessary to stabilize the stock market?"

Zhang Yang asked again.

"Restart the IPO?" Lin Guangchang was somewhat uncertain, but suddenly, something occurred to him, and he hurriedly asked, "Huaguo Construction?"

"Yes."

Zhang Yang smiled calmly and said, "Like star fund managers such as Wang Yawei and Shao Jian, I believe that state funds will gradually withdraw from the A-share market after the first new stock is listed."

"But with the listing of Guilin Sanjin, Wanma Cable and You'an Shares, the A-share market is still going strong. This shows that the first three stocks may not be the purpose of the state funds to heat up the market. It was not until Huaguo Construction announced its fundraising plan that the real purpose was put on the table."

"!!!"

"!!!"

Liao Guopei and Lin Guangchang were surprised, but then it dawned on them.

Before the two could speak, Zhang Yang smiled calmly and said, "With so much capital invested and so much preparation time for this large-cap IPO, the chance of it breaking its issue price is negligible."

"I see!"

Lin Guangchang couldn't help but sigh, then gave a thumbs up and said, "It has to be Joker. He truly deserves to be our gang's ace."

"We are a team."

Zhang Yang corrected him.

Lin Guangchang laughed and joked, "What we do is no different from what gangs do, scamming one person after another."

"So, should we let the guy who jumped off the building subscribe now?" Liao Guopei asked, puzzled.

“Yes.” Zhang Yang nodded and replied, “In addition to letting him subscribe to Huaguo Construction, tell him an insider information: Xu Xiang will intervene in Huaguo Construction’s first day of trading, and tell him not to rush to sell.”

“However,” he suddenly changed the subject, as if he had already seen through Chen Sanrong’s trading tactics, “he definitely won’t listen.”

"Since he won't listen, what's the point of telling him this inside information?"

Liao Guopei quickly pressed for more information.

"To gain trust, the stock market isn't just about going up and down; missing out can also be incredibly exciting, even more so than price fluctuations," Zhang Yang said calmly.

The stock market is a huge game of chance; whoever loses their rationality first will pay a heavy price.

Is the inside information true? Will Xu Xiang really get involved with China Construction?

Lin Guangchang was somewhat expectant.

"The news is true. We've fully committed to China Construction, there's no mistake. As for the guy who jumped off the building, we just happened to be passing by and gave him a kick."

Zhang Yang smiled faintly.

He learned about Xu Xiang's involvement in China Construction through He Jing, who in turn learned this inside information from her supervisor, Lin Weiguo, after a department dinner.

Why does the government prohibit employees of stock exchanges, securities companies, and securities registration and settlement institutions from directly or indirectly buying and selling stocks?

Putting aside their professional advantages, just considering the news alone, by the time retail investors see the news, fund managers have already laid their traps, just waiting for retail investors to jump in and take over.

……

And on the other side.

Shenzhen, in eastern Guangdong.

China Merchants Securities branch on Hongling Middle Road.

Wearing a green plaid shirt and black trousers, Chen Sanrong, looking somewhat stiff, walked into the VIP room and sat down in his usual spot.

He took out his laptop, plugged in the network connector, logged into QQ, and opened the trading page of China Merchants Securities.

"Cough-cough-"

As soon as I logged into QQ, my laptop emitted a coughing alert.

Chen Sanrong casually opened the message.

next second.

His pupils shrank.

[Zen City Shadowless Kick]: Huaguo Construction is performing well; it is recommended to subscribe with all available funds. Xu Xiang will intervene and drive up the price on the first day of listing, so don't rush to sell.

"I knew it was you!"

"You beast, Fuchun Road!"

"Fuck you!"

Chen Sanrong started cursing loudly.

If Liao Guopei hadn't attended "Buffett's Charity Lunch," he might never have known the relationship between Liao Guopei and Zhang Yang, nor would he have been able to analyze the "joker" and timeline to conclude that the Chancheng Shadowless Kick was Fuchun Road.

Now, the truth is out!
The Shadowless Kick of Chancheng is on Fuchun Road!

Chen Sanrong pushed up his black-rimmed glasses and said as if he were possessed by Conan, "No matter how well you disguise yourself with your Shadowless Kick, you can't fool the eyes of your Jumping-Off-the-Building Brother, hehe."

As he sneered, he typed, "So you're admitting you're Fuchun Road?"

[Zen City Shadowless Kick]: If you want to make money, follow along.

[Jumping Bro]: You're quite the actor. If I hadn't been careless and discovered your flaw, everyone would have been fooled by you.

[Zen City Shadowless Kick]: Stop talking nonsense. If you want to make money, subscribe to Huaguo Construction and then sell it at the high point on the listing day.

[Jumping-off-building guy]: Will Xu Xiang really get involved?

[Zen City Shadowless Kick]: Yes.

Liao Guopei never mentioned that he was from Fuchun Road, because he knew very well that by not admitting it, there was still room for maneuver.

Chen Sanrong didn't think much of it, because Liao Guopei's sudden offer to make money meant that the other party had indirectly admitted that he was from Fuchun Road.

Now all he can think about is making money. He wants to follow Zhang Yang, Liao Guopei, and Lin Guangchang to scam retail investors and speculative funds, and then reach the pinnacle of his life.

But then again, will China Construction really not break its issue price?
"Could this be a trap? Will Xu Xiang really intervene on the first day of the IPO?"

Chen Sanrong muttered to himself, inwardly assessing the risks of Huaguo Construction.

Just as Zhang Yang had predicted, he still had reservations and did not fully believe the contents of the message sent by Liao Guopei.

As time passed and the A-share market was about to open at 9:15, Chen Sanrong made up his mind: "Huaguo Construction is such a large blue-chip stock, it should not break the issue price. Regardless of whether Xu Xiangjie intervenes or not, we should be able to make a profit from the issue premium."

He did not fully trust Liao Guopei, and out of caution, after the A-share market opened, he used 500 million yuan to subscribe to Huaguo Construction and kept 600 million yuan in working capital.

Having been scammed twice by Fuchun Road, 1100 million yuan was all the money he had left.

While Chen Sanrong remained cautious, Zhang Yang, besides still holding 149.25 million shares of Haitong Foods at a cost of 6.7 yuan, used the remaining 5000 million yuan to subscribe for Huaguo Construction's IPO at 3.96 yuan.

Of Lin Guangchang's 7100 million yuan, 1800 million yuan was invested in Haitong Foods, and the remaining funds were also invested in Huaguo Construction.

Liao Guopei, the largest investor, has 1.3 million yuan in funds, of which 9500 million yuan is idle. He also invested in Huaguo Construction's IPO.

The total amount of chips offered by Zhang Yang, Liao Guopei, and Lin Guangchang alone reached an astonishing 1.98 million Chinese Yuan.

Although 1.98 million is a lot, it is negligible compared to the 426 billion raised by China Construction, accounting for only 0.46%.

Because of the large amount of funds raised, Huaguo Construction did not need to hold a lottery.

To be precise, none of the first three small and medium-sized stocks require a lottery. Currently, A-share retail investors are still mainly cautious about new stocks.

However, after two days of public discussion over the weekend, many retail investors have come to accept Huaguo Construction's ambitious plans. As of 9:42 a.m., Huaguo Construction's fundraising ratio had reached 82%, and if all goes well, it should be able to raise all the funds by tomorrow at the latest.

Meanwhile, on major financial websites, whether it was paid trolls or individual investors, promotional posts for China Construction kept popping up.

[Skyscraper]: It's up 82%! Fellow investors, don't miss out! Huaguo Construction might reach 100 yuan in the future, a 30-fold increase, taking you to the pinnacle of your life!

[Xiaobao Loves Investing]: The first large-cap stock after the IPO suspension in 2008. I don't know what you're afraid of. If it breaks the issue price, wouldn't that be a slap in the face to the country?

[Stock God TV Emperor]: All in, all in with loans! I've borrowed 20 yuan and invested it all. If it doesn't break the issue price, you can call me Boss T. If it does, just call me Mr. T. My strategy is to go all in!
[Fishing Guru is a Guru]: I, Chen Jiajie, am putting this out there: if Huaguo Construction breaks its IPO price, I will lick the high heels of the lady across the street clean with my tongue.

[Odol]: If you want to lick, just say so. There's no need to beat around the bush. It's like me stealing someone's underwear, hehehe.

A large amount of funds flowed into Huaguo Construction's IPO, but the A-shares did not fall. Instead, they rose against the trend and even continued to increase in trading volume.

At this time, the Shanghai Composite Index opened at 3377.72 and is currently at 3412 points, up 1.02%. Compared with the previous trading day, the trading volume increased by 224 billion, representing a growth of 13%.

The Shenzhen Component Index also rose, opening at 13599.66 and currently trading at 13687.2, up 0.64%. Compared to the previous trading day, trading volume increased by 102 billion, a year-on-year increase of 7%.

Experienced stock market investors know that when the Shanghai Composite Index outperforms the Shenzhen Component Index, it's generally safe to assume that the market is driven by large-cap stocks.

What is a large-cap stock market trend?
Many stock investors have experienced this: the overall market index is rising, but their own stocks are plummeting in the red, a situation that could even be described as a stock market crash. When this happens, investors typically buy small- or mid-cap stocks, indicating a significant divergence of funds within those stocks.

So why is there a rally in large-cap stocks?
Very simple.

There are funds that are unwilling to let the market fall.

The answer to the question of whether funds can be mobilized to drive up large-cap stocks is self-evident.

Another point worth mentioning is that large-cap stocks are widely recognized as having the lowest profitability, and retail investors are extremely likely to miss out on them.

Because most retail investors usually focus on small and mid-cap stocks and look down on the slow and tedious growth of blue-chip stocks.

However, Li Daxiao, who firmly believes in the bullish trend of blue-chip stocks, was so excited at this moment that he was as if he were on holiday for the Lunar New Year.

Without the slightest hesitation, he quickly turned on his recording equipment.

After recording several times, he quickly made a simple edit.

At 11:30 a.m., immediately after the morning session closed, Li Daxiao updated his Weibo with a 5-minute short video post.

In the video, he was dressed in a suit and tie, smiling as he said:

"The morning session has closed. The Shanghai Composite Index rose 1.21%, and the Shenzhen Component Index rose 0.97%. Blue-chip stocks still led the index's rise and held firm above 3400 points. Congratulations to those who bought good stocks! You are the best! Remember our investment motto: Buy good stocks, be a good person, and you will be rewarded. Let's cheer for the bull market! Persistence is victory, and victory lies in persistence. Let's make sure the A-shares reach 6000 points by the end of the year! Go for it!"

The phrase "keep going bullish," coupled with the early morning surge in blue-chip stocks, instantly ignited the emotions of countless retail investors.

[Xiao Student]: Buy good stocks, be a good person, and you will be rewarded. Master Xiao's nine-character mantra is only given to those who are destined to receive it. Amitabha, Amitabha.

[Boxer briefs]: Teacher Da Xiao, I was wrong. I will never buy junk hot stocks again. Blue-chip stocks are the final destination for us retail investors.

[Zhang Deshuai]: Questioning Da Xiao, understanding Da Xiao, praising Da Xiao, trusting Da Xiao, Teacher Da Xiao is our god!

[I love the country more than the beauty]: If I could turn back time, I would stake my house and wife and go all in on blue-chip stocks. If there was a time limit for turning back, I would choose six months ago.

Sometimes, retail investors have no choice but to comply.

In just two months, the A-share market rose from 2600 points to 3400 points, an increase of more than 800 points.

要是时间再往前推，2008年10月28日的1664点，距离如今2009年7月27号仅过去不到一年，涨幅就达到了惊人的1736点。

What does a 1736-point increase mean?
Let's put it this way: even a complete novice investor who throws money into any blue-chip stock would now have a return of at least 60%, and some have even doubled their money.

It would be a lie to say they don't regret it. The feeling of missing out has made many people increasingly superstitious about Li Daxiao, believing that this round of price increases is far from over, and some have even resorted to using credit funds.

……

Block A, Zhangjiang Changtai Plaza.

Financial Research Network office space.

Because they went all in on Huaguo Construction's IPO as soon as it opened, Liao Guopei and Lin Guangchang had already left the company, while Zhang Yang returned to his office to organize the documents he hadn't finished.

As the strategist of the "Shanghai Liu, Guan, and Zhang" team, he needs to understand the subtle changes in the entire market. To do so, he must put in a lot of hard work and organize information documents.

At this moment, there are things that he considers worth recording…

1. China and Russia have reached a broad consensus on properly handling the closure of the "Great Market," which involves bilateral economic and trade cooperation and the maintenance of market order.

2. Suspected cases of H1N1 influenza A have surged in the UK. The World Health Organization is closely monitoring the spread of the epidemic and urges the public to strengthen precautions.

3. The China Securities Regulatory Commission (CSRC) officially accepted the listing applications of the first batch of 108 companies for the ChiNext board, marking the entry of the ChiNext board, which had been in preparation for ten years, into the substantive operational stage.

4. The central bank has stated three times in a row that it will "unswervingly continue to implement a moderately loose monetary policy".

5. The "Pilot Management Measures for Cross-border Trade Settlement in Chinese Yuan" provides new impetus for the policy theme of "maintaining growth and adjusting structure".

Zhang Yang worked from a little before 10 a.m. to 11:46 a.m., organizing more than a hundred pieces of information.

Some are verified authoritative information, while others are unverified short essays.

Both authoritative information and market commentary serve their purpose, since news is ultimately for reference only.

After compiling the information, Zhang Yang first skimmed through it, then read it carefully again, and finally analyzed the key points:

"The trade between China and Russia, African goods, cross-border trade settlement, and three meetings with the EU and the US demonstrate that the country is trying its best to solve the problems in foreign trade."

How important is foreign trade?

To put it simply, foreign trade is about leveraging the strengths of other countries to compensate for the weaknesses of your own country, thereby achieving rapid GDP growth.

Take Japan as an example. Its strength lies in its early industrialization and its world-leading industrial system. However, its weakness is also obvious: its arable land is small, and it needs to rely on imports to make up for food shortages.

If the WTO were to be dissolved and all countries cease trade, Japan would have no choice but to sacrifice its existing industrial land to grow food crops in order to ensure the basic needs of its people are met.

It is precisely because of international trade that Japan has been able to avoid its own shortcomings by importing food and continue to conduct in-depth industrial research and development.

Foreign trade and domestic demand are the two engines of a country's economy. If either one stops turning, it will lead to a slowdown in GDP.

Having grasped the trends in foreign trade, Zhang Yang then set his sights on the ChiNext board.

The first batch of companies that submitted listing applications totaled 108, a number that exceeded Zhang Yang's expectations, which also shows that there are a large number of companies in China that are eagerly awaiting listing.

Many stock investors may not know that the stock market has different attributes.

Some stock markets are financing markets, whose main purpose is to serve enterprises.

Some stock markets are investment markets, whose main purpose is to attract venture capital investment and obtain financial returns from it.

Currently, the A-share market is clearly still in a financing market, primarily serving enterprises.

Anyone who has run a company has heard the saying: "As long as you take your company public, you won't have to worry about funding."

It's worth mentioning that the listing standards for A-shares are much higher than those for US and Hong Kong stocks.

At this point, some people will surely wonder: if the standards for A-shares are so high, why are internet companies listed in Hong Kong?

The reason is simple: companies like Tencent and Baidu, which have already achieved stable profits and do not need market funding, naturally go to the Hong Kong stock market, which is an "investment market," to reach the world.

To put it simply, the A-share market is like a mother, and companies listed on the A-share market are like hungry "children," while the Hong Kong stock market is like a father, and companies with stable profitability will try to go international with their "father."

Zhang Yang swiped the mouse and muttered to himself, "The regulators have passed the 'Rules for Listing Stocks on the Growth Enterprise Market,' which clarifies the delisting mechanism and requires companies to disclose growth risks in order to avoid repeating the mistakes of the main board, such as high issue prices, high price-to-earnings ratios, and excessive fundraising."

"Is this a signal of raising the bar for listing? It seems the authorities are still worried about market liquidity and confidence."

The establishment of the Growth Enterprise Market (GEM) has been delayed for a decade because the authorities have been unable to grasp the appropriate threshold.

Is it a low barrier to entry?

With a trading volume of only a few hundred billion yuan, how can the A-share market support so many companies?
High barrier to entry, right?

What is the significance of establishing the Growth Enterprise Market (GEM)?
In August 1999, the document "Decision on Strengthening Technological Innovation, Developing High Technology and Realizing Industrialization" clearly proposed that a special high-tech enterprise board should be established in the existing Shanghai and Shenzhen stock exchanges at an appropriate time.

It was precisely because of this inability to grasp the right balance that the ChiNext board was laid out for a full ten years.

The direction of China's economy in the coming months, or even the next few years, is very clear: expand external demand, boost domestic demand, and develop high-tech industrial chains.

"咚咚-"

As Zhang Yang sat at his workstation deep in thought, there was a knock on the office door.

Hearing the knock on the door, Zhang Yang looked up and saw Zhang Zetian, who had only been working there for half a day. She was holding a white plastic bag containing takeout food.

"How did you come?"

"I see you've been so busy. I'm your assistant, so of course I have to take care of your health. Here, this is a takeout box I packed. It's all my favorite foods, hehe."

Since she didn't know what Zhang Yang liked to eat, Zhang Zetian simply packed up her own favorite foods. However, she also knew that Zhang Yang was from eastern Guangdong and his tastes might be relatively mild, so she deliberately avoided strong flavors.

Zhang Yang glanced at the time and realized it was already 12:34 PM.

"Time flies so fast."

He felt like only a short while had passed, but he didn't realize it was already noon.

After clicking to save the file, Zhang Yang looked at Zhang Zetian and said, "Thank you."

"No need to thank me, you still have to pay me back. I brought the receipt with me." Zhang Zetian waved the receipt and said, "Hurry up and eat. It's not my treat, it's your own money."

"OK."

Zhang Yang smiled slightly.

Unwrapping the white plastic bag, Zhang Zetian found that the food he had brought was quite plentiful; he even spotted a famous dish from eastern Guangdong—pig's trotter rice.

"You like braised pork trotters with rice?"

Zhang Yang was puzzled.

Braised pork knuckle rice is a staple of fast food, and girls probably don't really like it.

"No, that's not it. What I like to eat is eggplant stir-fried with pork. I bought the braised pork trotter rice especially for you. They say a bowl of braised pork trotter rice brings out a man's romance, so I bought it."

Zhang Zetian shook his head.

"咚咚-"

There was another knock on the office door.

Zhang Zetian turned around and met Xu Zhirou's gaze. The two were sizing each other up, unaware of each other's identities.

When Zhang Yang, who was sitting at his workstation, saw Xu Zhirou arrive, he put down his chopsticks, which were still unopened, and said, "Zhirou, have you finished organizing the website data?"

"Yes, I just finished tidying it up."

Xu Zhirou placed the file on the desktop.

"I'll check later. Go to the Business Cooperation Department and ask Tang Yuanhang why the representative from Tianhong Fund Management Co., Ltd. hasn't arrived yet."

"I'll go now."

"Thanks for your hard work."

Xu Zhirou turned and left, but before leaving, she couldn't help but glance at Zhang Zetian, as if wondering which school's beauty queen he was.

With such a pure and captivating appearance, she definitely isn't from Shanghai University of Finance and Economics, Fudan University, or Tongji University, because they're adjacent schools, and the presence of such a beautiful girl would have been the talk of the town in the school's online forums.

After Xu Zhirou left, Zhang Zetian looked at Zhang Yang and asked, "Who was that lady just now?"

"Her? She's a shareholder of the company, and she's mainly in charge of the finance department, but she also handles the marketing department."

The current shareholding structure of Caiyan.com is as follows: Zhang Yang 67%, Xu Zhiruo 23%, Alibaba 5%, and Zhang Yang temporarily holding the remaining 5%.

Xu Zhirou was afraid that Xu Zhiruo would be deceived, so she had no choice but to join in the startup. Therefore, in a sense, she was also an original shareholder.

"So he was a shareholder."

Zhang Zetian nodded slightly; she had thought it was Zhang Yang's girlfriend.

If not, she would be relieved.

"Do you still remember Academician Xu Yan'an?" Zhang Yang asked casually as he unwrapped the disposable chopsticks.

"what happened?"

"Zhirou is his daughter."

"His daughter?"

"Yes, his daughter."

Zhang Yang nodded in confirmation.

Zhang Zetian instantly understood why Xu Yan'an and Zhang Yang were so familiar with each other; it turned out his daughter worked at the other's company.

"By the way, how's the document organization going? Have you encountered any difficulties?"

Zhang Yang asked again.

This is, after all, a relative of He Qiaonv; giving her face will make it easier to meet again in the future.

"Oh right, there are still documents to organize. Zhang Yang, you go ahead and eat. I'll send the documents to your email before I leave work," Zhang Zetian said.

"Okay, get busy."

Zhang Yang nodded.

Having received permission, Zhang Zetian left quickly, while Zhang Yang leisurely ate his lunch.

……

the other side.

Shanghai Hongqiao International Airport.

As the direct flight from Beijing to Shanghai landed smoothly, a man and a woman walked out of the airport and hailed a taxi to their hotel.

Upon arriving at the hotel, the two first washed up, then changed from their casual clothes into their work attire, and tidied themselves up.

Seeing that there was still plenty of time, the woman looked at the man and said, "I heard that the number of registered users of Caiyan.com is still rising rapidly. I hope the advertising fee won't go up. Our budget this time is not much, only 100 million at most."

"I asked last time, and the top spot on the homepage and pop-up ads cost 2 yuan per day. Even if it increases, it can't possibly go up to 5 yuan per day, right?"

The man answered.

After tidying her curly hair, the woman glanced at the man and said, "Who knows? The quotes from rising internet companies change every day. Anyway, the company has given a firm order: top-tier core positions, at least 40 days."

"Let's try to negotiate, but what can we do when our company is poor?" The man shrugged.

The man and woman speaking were none other than Wang Xiang and Li Liyan, representatives of Tianhong Asset Management Co., Ltd.

In 2009, Tianhong Asset Management Co., Ltd. only had four public funds, and none of them were large in scale. It was a bottom-tier company, and spending 100 million yuan on advertising was already the limit.

After chatting for a while, Wang Xiang and Li Liyan took a taxi and headed straight to the headquarters of Caiyan.com located in Changtai Plaza, Zhangjiang.

After finishing his lunch, Zhang Yang called He Jing and asked her to arrange to meet Tao Yuang at the Peace Hotel that evening.

　Pay close attention to the recommendation vote red envelopes. They might appear at the end of the previous chapter, or at the end of this chapter, or in the next few days. It all depends on luck!

(End of this chapter)