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

Chapter 175 Achieving a Balance of Income and Expenditure, Zhang Yang Acknowledges the Fuchun Road Vest
"Senior Brother Tao, why aren't you eating? Don't you have an appetite? It's all gone cold."

China Asset Management Shanghai Branch.

Tao Yuang's office.

Looking at Tao Yuang, who seemed a bit listless, the intern assistant Lai Weijie said, "How about I take it downstairs to the shop to heat it up?"

"No, thank you. I don't have much of an appetite."

Tao Yuang waved his hand.

Since going to Ou Guiyan's office this morning to discuss the change of fund manager, he has been thinking about the phrase "eating on the sidelines" so much that he has lost his appetite for any food.

If he had known earlier that it would be so difficult to work at Huaxia Fund, he should have stayed at Huaxin Securities. At least his wife Yue Shuxue's connections could protect him.

Lai Weijie, unaware of what was happening, glanced around and lowered his voice, saying, "Senior Brother Tao, are you free? Passion Bar has a new batch of DJs, and I heard they're having a 'Swimsuit Night' tonight. I've never seen anything like it before, so why don't we go check it out together?"

"Forget it, go ahead."

Tao Yuang waved his hand.

Having just experienced the old-style Yanjing cuisine, he had lost all interest and even felt a whiff of soy milk in his mouth.

Lai Weijie seemed somewhat surprised to hear Tao Yuang refuse.

Since graduating from university and interning at China Asset Management, he has often treated Tao Yuang to meals and learned about Tao's preferences.

Despite Tao Yuang's handsome features and gentlemanly appearance, he secretly drives at 120 km/h.

What stimulated you?
Is it not going to work?

Or is it just that I'm getting old?
Wait a minute, isn't it said that men only behave when they're hung on the wall?
Lai Weijie thought about it a lot and finally realized that the other party might have gotten tired of it and needed something new.

Because Tao Yuang was his direct supervisor, he had to spend a lot of money to curry favor with him in order to get a permanent position after his internship.

Once the assistant is promoted to manager, the money spent on currying favor can be doubled back from the mutual fund.

"咚咚-"

There was a knock on the office glass door, and Tao Yuang and Lai Weijie glanced at each other in unison.

"Sister Jing."

"Junior Sister He."

Tao Yuang quickly stood up.

Lai Weijie was quick-witted. When he saw He Jing looking for Tao Yuang during her break, he immediately realized that the two wanted to talk. He quickly said, "Senior Brother Tao, Sister Jing, you two talk. I'll go out first."

After Lai Weijie left, He Jing relayed, "8:30 tonight, the VIP room of the Nine Heavens Hall at the Peace Hotel. See you there."

"Peace Hotel." Tao Yuang was taken aback at first, but quickly recovered and replied, "Okay, I will definitely be there on time."

He Jing nodded slightly, then turned and left Tao Yuang's office.

Lai Weijie, who had just walked a short distance away, saw He Jing come out so quickly, so he turned back to Tao Yuang's office and asked in a low voice, "Why did Sister Jing leave so quickly?"

"It's alright, you go ahead and do your work, I have things to take care of."

"Okay, Senior Brother Tao, you go ahead and get busy."

Seeing that he had been told to leave, Lai Weijie didn't linger and quickly left the office.

Tao Yuang looked out the window, his eyes, brightly lit by the sunlight, flickering with regret.

If he could turn back time, he would never come to China Asset Management again, because ever since he came into contact with the inside story of public funds, he has been caught in a situation beyond his control, like a pawn crossing a river, only able to move forward and not backward.

……

Zhangjiang, the capital of Shanghai.

Changtai Plaza, Block A.

After arriving at the building by taxi, Wang Xiang and Li Liyan pressed the button for the eighth floor according to the floor indicator in the elevator lobby.

"Ding--"

As the elevator door opens.

The two receptionists quickly stood up. The short-haired girl on the left asked, "Hello, welcome to Caiyan.com. How can I help you?"

"We are representatives of Tianhong Asset Management Co., Ltd. My surname is Wang. May I ask where Manager Tang Yuanhang's office is?"

Wang Xiang inquired.

The receptionist on the right took out her notebook, checked the information, and said, "Tianhong Fund, yes, there is indeed an appointment. Please follow me."

"It's troublesome."

"Thanks for your hard work."

Wang Xiang and Li Liyan exchanged a polite greeting.

As the two followed the receptionist to the Business Cooperation Department, Wang Xiang and Li Liyan kept taking in the scale of Caiyan.com.

Passing by the employees' open-plan office area, they couldn't help but marvel at how many people worked in a company that had been established for less than two months. They estimated there were hundreds, maybe even two hundred people.

"咚咚-"

"Excuse me, Manager Tang, two managers from Tianhong Fund have arrived."

As soon as the receptionist finished speaking, Tang Yuanhang quickly stood up and greeted her warmly, "Manager Wang, please have a seat."

He had just finished speaking when he looked at the woman with the ponytail next to him and asked, "And who is this?"

"My colleague, Li Liyan."

Wang Xiang gave a quick introduction.

Li Liyan extended her hand and smiled, "Hello, Manager Tang."

"Hello."

After a brief handshake, Tang Yuanhang said, "Manager Wang, Manager Li, please have a seat. I'll go call our General Manager Zhang over."

"Zhang Yang?" Wang Xiang was somewhat surprised.

“Yes, our General Manager Zhang will talk to you personally.” Tang Yuanhang replied as he reached the door. He then added, “Please have a seat. I’ll be right back.”

After saying that, he quickly ran towards Zhang Yang's office.

Why tell them in person?

This brings us to some tips and tricks for making progress.

Being close to the leader's office, especially on the same floor, means that if you use a communication device, it means the leader is coming to see you.

If the offices are several buildings apart, communication equipment is understandable, but if they are on the same floor, experienced professionals will choose to communicate face-to-face.

Details determine promotion. Many leaders may not care about these things, but adding icing on the cake is always better than doing nothing.

At the speed of a 100-meter sprint, Tang Yuanhang arrived at Zhang Yang's office door in just a few dozen seconds. He quickly knocked on the door frame and said, "Mr. Zhang, the business manager from Tianhong Fund has arrived."

"Okay, we can't keep others waiting." Zhang Yang quickly got up and walked towards the door.

"The representatives from Tianhong Fund were a man and a woman. The man's name was Wang Xiang, and the woman's name was Li Liyan. They were both under forty years old."

"Clear."

The two returned to Tang Yuanhang's office.

As soon as they entered, Zhang Yang smiled and said, "I apologize for the poor hospitality; you two have been waiting for me."

"I've long admired Mr. Zhang's reputation, but I didn't expect him to look even younger in person than in photos, haha."

"Heroes emerge from among the young; I have long admired Mr. Zhang."

Wang Xiang and Li Liyan exchanged polite words and greeted him with smiles.

After shaking hands with the two men, Zhang Yang gestured for them to move to the sofa in the negotiation area for further discussion.

"Thank you, Mr. Zhang."

"please."

"Please, Mr. Zhang."

The four people took their seats one after another.

Before Tang Yuanhang sat down, he didn't forget to pour a cup of tea for Zhang Yang, Wang Xiang, and Li Liyan.

Since it was uncertain when Wang Xiang and Li Liyan would arrive, the tea had already been brewed at nine in the morning. The taste was definitely not as good as freshly brewed tea, but no one cared about the taste, since everyone was there on business.

Seeing Wang Xiang and Li Liyan sit down, Zhang Yang cut to the chase: "I heard from Manager Tang that Tianhong Fund Management Co., Ltd. wants to invest in Dingtongye?"

"Top full-width page" refers to the full-width area at the top of a webpage. In webpage design, it is the part located at the very top of the page, spanning the entire width of the page, and is also the most central advertising area.

Seeing that Zhang Yang had gotten straight to the point, Wang Xiang nodded slightly and said, "A full-page ad would be best. I wonder what your quote is, Mr. Zhang?"

"5 per day."

Zhang Yang drove the price up to the maximum.

"25 million?"

Li Liyan's eyes widened, and she frowned, saying, "That's not right, Mr. Zhang. Didn't you say 2 per day when we asked about the price last time?"

"When I asked about the price last time, Manager Tang said it was 2 yuan per day?" Wang Xiang echoed.

Noticing the gaze fixed on him, Tang Yuanhang felt a little embarrassed and explained, "The website is in a period of rapid user growth, so it's understandable that advertising prices fluctuate greatly."

“5 yuan per day is too expensive. With a little more money, you can invest in top financial websites like Eastmoney and Tonghuashun.”

Wang Xiang's words clearly meant that the price was not worth it.

Zhang Yang didn't rush to refute. Instead, he took out the marketing department data file that Xu Zhirou had compiled at noon and handed it to Wang Xiang, saying, "There's a reason why it's expensive. We at Caiyan.com never quote prices randomly."

Wang Xiang and Li Liyan exchanged a glance and took the documents handed to them.

When they saw that Caiyan.com had 37 registered users, with 23 of them having registered in the last seven days, the two were instantly overwhelmed with shock. What kind of terrifying growth was this?

If this trend continues, Caiyan.com's registered users may reach 50, or even 60 or 70 in the coming months!
Although both were shocked, they did not show it. After seeing all the data, Wang Xiang put down the file and said, "The growth trend of registered users is indeed very impressive, but we value the data and profiles of paying users more. The price of 5 per day is still a bit expensive."

"We gained over 20 new registered users in seven days, but the paid user curve did not show a significant increase. I believe Mr. Zhang did not provide false data, but the price is definitely worth negotiating."

Li Liyan echoed.

Caiyan.com offers a 30-day membership upon registration, and they naturally know that the actual payment data of these users will not be available until 30 days later.

But in business negotiations, you always need to find reasons to negotiate a lower price.

Zhang Yang didn't rush to defend himself, but instead probed the other party's bottom line, saying, "Name your price and let's see. Business is all about negotiation. Maybe if it's suitable, we'll sign a contract."

"2 yuan per day, let's go with Manager Tang's quote. If the results are good, long-term cooperation is not impossible."

Wang Xiang was a master negotiator. While making his initial offer, he didn't forget to get Tang Yuanhang to endorse him, as if raising the price any further would damage the reputation of Caiyan.com.

"Hold!"

Tang Yuanhang was numb.

He never expected that Wang Xiang, who looked respectable, would act so immorally, actually dragging him down as a bargaining chip.

In order to make progress, Tang Yuanhang broke his silence and played the villain, saying, "That's not right. 2 per day was our price when we had 14 registered users. Now we have almost 40 registered users. Isn't that price inappropriate?"

"besides!"

He then looked at Li Liyan and said, "Our financial research website gives you a 30-day membership upon registration, so there is a lag for paid users."

Before Wang Xiang and Li Liyan could speak, Zhang Yang pressed on, saying, "You two heard it too. It's not that we're unwilling to rent out advertising space for 2 yuan per day, but the website's operating costs are increasing. 5 yuan per day may seem expensive, but in the industry, it's really a very low price."

Seeing that finding fault was not an option, Wang Xiang changed tactics and said, "The potential of Caiyan.com is beyond doubt, otherwise we wouldn't have come to discuss the investment, but the company's budget is limited, and we are really struggling to keep up."

"Yes, the budget is limited."

Li Liyan nodded in agreement.

Before Zhang Yang and Tang Yuanhang could speak, Wang Xiang continued, "If our company had the scale of funds like E Fund, Southern Asset Management, and China Asset Management, with the potential of Caiyan.com, we wouldn't even blink an eye at 5 yuan per day, let alone 7 yuan."

"Then let's compromise," Zhang Yang said, using a feigned retreat as a tactic to probe the other party's bottom line: "How about 4 per day?"

"It's still... still a bit too much." Wang Xiang seemed to have made up his mind and said frankly, "Our budget for this trip is 100 million, and the company has strict conditions for investment, which is to have top-tier positions. To be honest, let alone 4 per day, even 3 per day has already exceeded the budget."

"So, you can only accept a maximum of 2.5 per day?"

Zhang Yang inquired.

"That's right, that's the price."

Wang Xiang nodded.

“Manager Wang is absolutely not lying, we can swear to God.” Li Liyan even used an oath to prove that what Wang Xiang said was true.

“2.5 yuan per day is definitely not enough. Manager Wang, you work in the investment field, so you should know how much value a financial website can bring during its rapid growth phase.”

Just as Zhang Yang finished speaking, he changed the subject and said, "How about this, give me the phone, and I'll talk to your marketing general manager."

"..."

Wang Xiang was silent for a moment before replying, "To be honest, I am the General Manager of the Marketing Department of Tianhong Fund Management Co., Ltd."

"Then call your boss."

Zhang Yang added.

Wang Xiang and Li Liyan exchanged a glance. After a brief exchange of glances, the former took out his phone and called his boss, Xiang Chengxi.

"Dududu-"

After a brief busy signal, the call was connected.

"Hey Xiao Wang, has it been settled?"

"It hasn't been finalized yet. Mr. Zhang from Caiyan.com wants to talk to you."

"Zhang Yang?"

"Yes, President Zhang Yang."

"Give him the phone."

Upon hearing this, Wang Xiang handed the phone to Zhang Yang and introduced him, saying, "The person on the other end of the line is Xiang Chengxi, President Xiang."

"understood."

Zhang Yang nodded slightly.

Upon receiving the call, he greeted him proactively, "Good afternoon, Mr. Xiang. I hope I haven't disturbed your work?" "No, no, chatting with Mr. Zhang is just about the project. I wouldn't dare say I'm disturbing you."

Xiang Chengxi said with a smile.

After a few pleasantries, Zhang Yang didn't beat around the bush and said directly, "I heard that your business cooperation budget this time is 100 million, and you need to invest for 40 days. I called President Xiang to ask if we can raise the budget."

“It’s not that I don’t want to bring it up, but that’s all the approved amount. Mr. Zhang can also check it out. Tianhong Fund’s funds are indeed limited, and we hope that Caiyan.com can consider it.”

Xiang Chengxi spoke very tactfully, not only expressing Tianhong Fund's attitude but also handing over the decision-making power to Zhang Yang.

The reason they were so confident in the 100 million yuan figure was not only because they didn't have much money, but also because they felt they could easily take advantage of Caiyan.com.

Why do you think you can take advantage of Caiyan.com?

Because they had conducted a background check and knew that the founder of Caiyan.com was only 22 years old, had little experience, and that no advertisers had placed ads on Caiyan.com yet.

What does it mean if you've never placed an ad?
This suggests that Caiyan.com may not have yet determined its own pricing strategy.

Whether to take the 100 million or for the negotiations to fail, Xiang Chengxi felt that Zhang Yang would choose the former, because Caiyan.com was too immature and needed money for everything.

However, after hearing that the other party asked him to consider it, Zhang Yang smiled and said, "We would be happy to list it for 30 days, but 40 days would be a bit below market price."

"How about this."

Before the other party could speak, Zhang Yang continued, "I also want to make more friends in the financial industry. There are two options: 120 million for 40 days, or 100 million for 30 days. I hope Mr. Xiang can consider them. In the long run, it's a win-win situation for us."

"It's a bit expensive."

Xiang Chengxi still wanted to negotiate the price.

Zhang Yang smiled again and analyzed, "It's great value for money. Looking at other financial websites, none of them have a top-tier subscription of over 3 yuan per day. Besides, it's a bull market now, and retail investors are rushing in. Users who miss out on this round of price increases don't know how long they'll have to wait."

"Furthermore, I sincerely want to be friends with Tianhong Fund, and make progress together in the future to achieve a win-win situation."

Xiang Chengxi on the other end of the phone was silent for a while. It was indeed a bull market now, and it was precisely because retail investors were rushing in that Tianhong Fund gritted its teeth and took out 100 million yuan to try to attract investors.

"How about it, Mr. Xiang? Will Caiyan.com be able to drive the trend? We'll know once we try it."

Zhang Yang struck while the iron was hot.

After a half-minute silence, Xiang Chengxi finally relented and said, "Alright, 100 million for 30 days, let's try it out first."

“Great! To show our sincerity and lay the foundation for future cooperation, I'll give you another 3 days of exposure.”

"Haha, thank you, Mr. Zhang."

"They're all friends."

After Zhang Yang and Xiang Chengxi reached an agreement, the former returned the phone to Wang Xiang.

The reason he offered extra days after reaching an agreement was to use small favors to build rapport with the other party and cultivate potential future clients.

Running a company is just like doing business; it's all about attracting new customers and retaining old ones.

You can't make money relying solely on existing customers if you can't attract new ones.

Similarly, if you can't retain old customers and only develop new ones, it's a one-off business and won't last long.

How to attract new customers and retain old customers is something that every boss and CEO needs to think about.

……

After reaching a consensus with Xiang Chengxi, Zhang Yang discussed the advertising details for the top-tier location with Wang Xiang and Li Liyan.

After half an hour of repeated confirmation, all the details were finally finalized.

1. The top banner ad will be displayed for 33 days. The cost is RMB 100 million. A deposit of RMB 70 is required, and the remaining RMB 30 must be settled within seven working days after the ad campaign ends.

2. The ad parameters are 950×60/90 pixels, and the ad slogan is "Tianhong Fund, the first choice for idle money investment". The ad content is produced by the Caiyan.com design team.

3. Clicking on the advertisement will redirect you to Tianhong Fund's web platform. The technical team of Caiyan.com is responsible for resolving the technical integration issues. Tianhong Fund's technical department must maintain communication with the Caiyan.com technical team and meet all reasonable requests. Otherwise, the party at fault shall bear all losses caused.

……

8. In the event of force majeure or website shutdown due to hacker attacks, the advertising days will be suspended and will be recalculated after the website reopens.

9. Once the advertising materials have been confirmed by both parties, they shall not be changed without authorization. If changes are required, they shall be negotiated separately and a supplementary agreement shall be signed.

"Take a look."

"no problem."

"If there are no problems, let's sign the contract."

After carefully reviewing the contract terms, both parties promptly signed and stamped the contract, and Caiyan.com's first advertising revenue was officially secured.

After putting away the contract, Wang Xiang looked at Zhang Yang and said, "It's a pleasure to cooperate with you, Mr. Zhang."

"Pleasant to work with."

The two shook hands.

After shaking hands with Zhang Yang, Li Liyan wished him well, saying, "I hope our cooperation will be very successful and our business will reach new heights."

"Haha, definitely, definitely."

As Zhang Yang responded with a smile, he took out two business cards and handed them to Wang Xiang and Li Liyan, implying, "Caiyan.com is just starting out and there is a lot to learn. If there is an opportunity, I really need to ask you two for advice."

Wang Xiang and Li Liyan exchanged a glance, vaguely sensing Zhang Yang's underlying message.

Tang Yuanhang, standing to the side, felt a tightness in his chest and looked somewhat nervous. Zhang Yang was clearly trying to poach people from Tianhong Fund.

"Learn from each other, learn from each other."

"Okay, we will definitely tell you everything we know."

Wang Xiang and Li Liyan exchanged business cards, both knowing the unspoken understanding between them.

Will they switch jobs?

At present, it's definitely not.

Even though Tianhong Fund is small, it's still a company with a registered capital of 1 million yuan. It may not be the best, but it's definitely more than enough compared to others.

After exchanging a few more polite words, Wang Xiang and Li Liyan took their leave, leaving only Zhang Yang and Tang Yuanhang in the office.

Zhang Yang's sudden poaching made Tang Yuanhang somewhat anxious, and he quickly expressed his loyalty, saying, "President Zhang, I will definitely work harder in the future to contribute to the company and give my all."

"You flatter me. Just do your best," Zhang Yang said, putting away the contract.

"I certainly will!"

"Well, then I'll go back first."

"Take care, Mr. Zhang."

Goodbye, Mr. Zhang.

Tang Yuanhang saw Zhang Yang off at the office door and watched him until his figure disappeared before returning to his own office.

It must be said that Zhang Yang's open poaching of talent did put considerable pressure on him.

But his worries were obviously unnecessary, because Zhang Yang wanted to poach Wang Xiang and Li Liyan mainly to have them go out and do business, while Tang Yuanhang was still the one guarding the Caiyan.com headquarters.

……

Back in his office, Zhang Yang took out the website data submitted by Xu Zhirou.

Today is July 27th. Counting back 30 days, that's June 27th. Caiyan.com officially started operating on June 15th. This means that users who registered on the website after June 27th have not yet had their VIP memberships expire.

6月15号到27号，网站注册用户一共是3.1万人，七天留存比例按32%算，也就是还有将近1万人会继续使用财研网。

On July 16th, Xu Zhirou also submitted a data file, which showed that 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.

Excluding this group of users, if we only consider 7000 people, the paid conversion rate is 41%, which means that 2870 people paid.

A 41% retention and payment rate is a fairly accurate figure.

Another point worth mentioning is that the seven-day retention rate is basically equal to the user retention rate of financial websites. This is because if someone uses Caiyan.com for seven consecutive days, it means that they have become dependent on it. It is unlikely that they would use it for seven days and then suddenly stop using it on the eighth day. That would be a very low-probability event.

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

"Of the latest 2870 paid members, 2498 are monthly members at 120 yuan, generating 299760 yuan in revenue; 236 are quarterly members at 299 yuan, generating 70564 yuan in revenue; and 136 are annual members at 999 yuan, generating 135864 yuan in revenue. The total revenue is 506188 yuan."

"With an additional 100 million yuan in advertising fees, Caiyan.com should have no problem breaking even this month."

After carefully reviewing the accounts, Zhang Yang couldn't help but remark, "Once we achieve a balance between income and expenditure, it's time to consider making a profit."

A net profit of 1 million yuan in two years is like a Damocles' sword hanging over one's head, ready to kill at any moment.

Xu Zhirou had calculated that to achieve a net profit of 1 million, the total revenue would need to be at least 2.5 million. Secondly, Caiyan.com was still in its expansion phase and needed money in various places. Unless it stopped investing in expansion and stabilized for a year, 3 million RMB in revenue would be the minimum.

Zhang Yang tidied up the company documents again, then opened the financial research website, glanced at the A-shares market, and found that the market had already closed.

7月27号的上证指数收在了3435.21点，涨幅是1.86%，成交量为2405.91亿，较上个交易日放量170亿。

The Shenzhen Component Index closed at 13743.4 points, up 1.56%, with a trading volume of 1117.43 billion yuan, an increase of 32 billion yuan compared to the previous trading day.

Net inflow of domestic capital was 142 billion yuan.

Net foreign investment inflow was 75 billion.

Judging from trading volume, technical patterns, and candlestick trends, there are no signs of a liquidity crunch in the A-share market.

Even Huaguo Construction, valued at 426 billion yuan, has reached 100% completion of its IPO, and many shareholders are beginning to expect premium returns.

[Underworld Police Station]: Who says our A-shares are no good? Our A-shares are amazing! In just a few days, we managed to complete a 426 billion yuan deal on China State Construction Engineering Corporation!

[I am a straw]: The A-share market doesn't lack funds, but rather funds are unwilling to invest in junk stocks. Let's give a thumbs up to value investing!
[Crazy Ai-chan]: May China Construction's stock skyrocket! I'm from western Jiangxi, and I'm counting on this to marry two wives.

[Mr. Reading]: A-shares are rising every day, with a return of over 80% in half a year. I feel that Buffett is just so-so. I don't know why so many people are praising his 25% return. It's not even half of mine.

Retail investors are highly enthusiastic, and the entire A-share market has been thoroughly hyped up.

It's no exaggeration to say that even vegetable vendors in Shanghai are now discussing stock and fund trading.

In less than a year, the index doubled, and many stock investors bought houses and cars through the stock market.

Lured by money, a steady stream of new stock market investors are entering the market, hoping to find their place in this feast.

……

The river surface darkened first, then the tour boats lit up, like a string of moving buttons. The lights on the Bund gradually climbed up the buildings, outlining the contours of the spires and columns.

As night fell in Shanghai, Tao Yuang, He Jing, and Zhang Yang arrived one after another at the Peace Hotel's Jiuxiao Hall, Room 009.

As Zhang Yang approached, Tao Yuang quickly composed himself and greeted him, "Junior Brother Zhang, please have a seat."

He knew very well that the young man in front of him was no longer the penniless "calves" he had to take to get leveraged investments just three months ago.

Zhang Yang is now the CEO of a company that has secured 5000 million yuan in investment from Alibaba and is running Caiyan.com with great success.

He inquired with his friends in investment banking and found that Caiyan.com is worth at least 5 million yuan now, and at the very least, it can be sold for 3 million yuan.

Since he needed to ask Zhang Yang for a favor, Tao Yuang thoughtfully moved a chair aside for him to sit down.

"Thank you."

Zhang Yang thanked her, then looked at He Jing and teased, "Want another A4 steak?"

Recalling her first visit to the Peace Hotel, He Jing felt heartbroken. Now, revisiting the place, she said without any politeness, "I want an A5 steak and foie gras. You earn so much money, it's already cheap for you to just have an A4 steak."

"I'll pay."

Tao Yuang was not about to let Zhang Yang pay the bill.

However, Zhang Yang just smiled and replied to He Jing, "You've changed. You used to never be willing to eat such expensive things."

"That's because we don't have money."

Do you have money now?

"Have!"

"Then you're treating."

"Please go ahead, you go ahead."

Tao Yuang was left out by the two of them. Although he was a little angry, there was nothing he could do, since he was the one who broke his promise.

How about we split the bill?

"You're kidding me, hurry up and treat me."

"Alright, alright, my wallet's going to be bleeding out tonight." Zhang Yang joked, then looked at Tao Yuang beside him and said, "Senior Brother Tao, please sit down, and let me briefly explain the situation."

He wasn't one to nitpick, and besides, Tao Yuang had made amends afterward, so simply expressing his past dissatisfaction was enough.

Tao Yuang quickly sat down and got straight to the point: "Junior Brother Zhang, I made a mistake that all mutual fund managers make, which caused the returns to remain low. Now the higher-ups want someone else to take over the mutual fund I manage, and I was wondering if you have any ideas."

This is a mistake that all fund managers make. Tao Yuang's thick skin is truly astounding.

He Jing took a sip of orange juice. Since she had driven there, she didn't plan to drink any alcohol.

While drinking orange juice, she couldn't help but roll her eyes at Tao Yuang. What do you mean, even public fund managers make mistakes, but she wouldn't make them!

"I'm just the boss of a small company. If I remember correctly, Brother Tao, your medical fund's net value was almost 30 billion at its peak, right?"

Before Tao Yuang could speak, Zhang Yang continued, "With such a large share, you could easily buy my company. How can I help you?"

“Junior Brother Zhang, don’t be modest. Others may not know who Fuchun Road is, but I do.”

"Cough cough cough-"

Before Tao Yuang could finish speaking, He Jing, who was standing next to him, choked on her orange juice and coughed repeatedly when she heard the words "Fuchun Road".

She never expected that Fuchun Road, which had recently stirred up a bloodbath in the stock market and was known as the "new generation of beastly speculators," was actually Zhang Yang!
He Jing knew that Zhang Yang had made a lot of money from leveraging his skills, but she thought it was only a few million.

Now you're telling me that Zhang Yang is the same person as Fuchun Road, the notorious stock manipulator in the A-share market?

This is so surreal!
He Jing couldn't believe it at all!

However, Tao Yuang had accompanied Zhang Yang to Hongyue Investment and knew that the "Jiangzhe Huaxin Securities Fuchun Road Branch" account was a margin trading account. Although the margin trading manager, Zhang Xiaolong, did not disclose how much money Zhang Yang had actually earned, it can be inferred from the changes in Zhang Yang's material conditions and the private message controversy involving "joker and the suicide guy"...

The guy who cut off Xu Xiang's head, leaving Xu Xiang, Zhang Jianping, and Qiu Baoyu hanging on the mountaintop, and who recently lured various speculative investors into a crisis of trust, known as "the worst of the worst," is Fuchun Road. He is Zhang Yang, and he also has a public alias, which is Joker.

After He Jing recovered from her coughing fit, she couldn't help but ask, "No way, Zhang Yang, you're that... cough cough, the swindler from Fuchun Road?"

If it were anyone else, Zhang Yang would definitely not admit it, but Tao Yuang is indeed one of the few people who can deduce his background. Perhaps this is why Tao Yuang sought him out to improve the fund's return rate.

After a long silence, Zhang Yang knew there was no point in hiding it any longer, so he simply admitted, "That's right, I am the speculator from Fuchun Road."

(End of this chapter)