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

Chapter 188 Financial peers relentlessly pressure, targeted attack on retail investors on Fuchun Road.

Monday, December 8nd.

As the trading day approaches, countless investors are becoming increasingly restless, eagerly anticipating the opening of the A-share market.

[Life has stabbed me in the back]: Attention all stock market investors! Attention all stock market investors! The A-share market will open in one hour. Please check your large sums of money and prepare to go all out on the A-share market!
[Spring on the 7th]: The market is finally about to open. Damn it, let's hope for another positive day to reverse the decline of July 29th!
[21 Grams of Soul]: Ever since I got involved with the A-shares market, the weekend has been torture for me. It feels like countless ants are crawling all over me. I humbly suggest that the government could open the market 24/7?

[Just call me Big Brother]: The Shanghai Composite Index reached a high of 3454 points on July 29th. Can it break through today? Let's give stock market investors a clear and bright future.

Those who don't trade stocks will never know how agonizing it is when the market is closed during periods of rising expectations.

It felt like going to a hotel with your goddess, about to take the final step, when suddenly you were told to stop.

Are you going crazy?
Painful?
This is the daily life of a stock market investor.

As investors eagerly await their next move, Caiyan.com delivers its "Financial Breakfast," a summary of news from the past two days.

1. The State Administration for Industry and Commerce released the latest enterprise data, showing that as of the end of June 2009, there were 997.88 million enterprises nationwide, with registered capital reaching 46.56 trillion yuan, representing year-on-year increases of 2.72% and 7.09%, respectively.

2. The State Administration of Work Safety issued the "Regulations on the Prevention and Control of Coal and Gas Outbursts," which came into effect on August 1. These regulations aim to strengthen coal mine safety management and will have a normative effect on the long-term operation of the coal industry.

3. A report released by the International Finance Research Center of the Chinese Academy of Social Sciences pointed out that in the second quarter of 2009, foreign exchange reserves increased by a net $1778 billion. After deducting factors such as trade surplus, foreign direct investment and exchange rate fluctuations, the unexplained increase in foreign exchange reserves was as high as tens of billions of dollars.

4. On August 1, Xinhua News Agency reporters learned from the National Council for Social Security Fund that the transfer of domestic state-owned shares is progressing smoothly. 50 million state-owned shares of Chengdu-Chongqing Expressway Co., Ltd. have been successfully transferred to the National Social Security Fund, which means that the first case of domestic state-owned share transfer to the social security fund has been completed.

5. Reports indicate that state-owned banks have received a "credit order" requiring them to keep loan volume in the second half of the year below 50% of that in the first half, fueling expectations of tighter market liquidity.

……

8. Fangda Group's acquisition of Ganchang Steel has entered a critical stage, with 57.97% of Ganchang Steel's state-owned equity listed on the Jiangxi West Property Exchange.

9. Sinopec announced that it signed an agreement on June 24 to acquire Swiss oil company Addax for a total price of approximately US$72.4 billion, and the transaction has now been completed.

10. According to reports from the International Monetary Fund (IMF) and the United Nations, the global economy began to bottom out and rebound in the third quarter of 2009, but the recovery paths differed significantly. Emerging markets in Asia performed strongly, while European and American markets still faced high unemployment and deflationary pressures.

Many retail investors who read "Financial Breakfast" began to carefully consider how to invest today's trading day.

[Dugu Jiujian]: Did so many big things happen this weekend? Can any expert explain what the inexplicable foreign exchange reserves are?
[Preferential Tenderness]: Haven't you guys been following the Hong Kong Island Daily? Recently, in order to prevent the Hong Kong dollar from appreciating too quickly, the Hong Kong Monetary Authority has been continuously increasing the amount of Hong Kong dollars injected into the market. Behind this efforts to stabilize the exchange rate is the influx of 'hot money' into Hong Kong and the sudden inflow of US dollars.

[Young Master Nangong]: Teacher Daxiao was right, foreign capital really is injecting funds into the mainland through Hong Kong channels!

[Quiet Night Thoughts]: A credit pledge? Goodness, no wonder my friend's debt collection calls kept coming to my cell phone, impressive!
Not only are retail investors watching "Financial Breakfast," but Zhang Yang, the founder of Caiyan.com, is also watching it in his office.

Judging from the current news, this round of crazy rise in A-shares is indeed the result of a combination of various funds playing the game.

The initial expectation of the state funds was to maintain the market until the IPO was restarted; more precisely, to ensure that Huaguo Construction could smoothly list on the A-share market.

After foreign institutions deduced the funding expectations of institutions such as Central Huijin and China Securities Finance Corporation, they invested a large amount of funds into the mainland stock market through channels such as Hong Kong Island, driving the index to rise continuously.

The continuous rise in the index has stirred up the sentiment of retail investors, and coupled with the loose credit policy, credit funds have flowed into the stock market, pushing up the index a second time.

"Huaguo Construction has been successfully listed. The state funds need to burst the bubble. The previous sell-off may be due to foreign capital fleeing."

Zhang Yang analyzed.

His financial knowledge is still quite limited, and he doesn't have much inside information.

However, based on publicly available information, the situation has already reached a closed loop.

This round of A-share market rally was driven by foreign investors who were confident that state funds would not dump shares before Huaguo Construction's listing, leading to a rapid surge.

As for the "unexplained foreign exchange reserves," it is because China implemented capital controls in 2009, preventing hot money from flowing in freely through legal channels, so it could only be "disguised" as legitimate funds.

How to disguise oneself?

1. False trade, which involves signing false import and export contracts, overestimating export prices and underestimating import prices, so that excess funds flow into the mainland under the guise of "trade payments".

2. It is disguised as FDI, with funds being transferred in under the guise of "investment in factory construction," but in reality, the funds are not invested in the real economy, but instead flow into the stock market and real estate market.

3. Underground banks exchange Chinese yuan privately through overseas affiliated accounts, bypassing the formal foreign exchange settlement system.

4. Individual channel splitting: using an individual's annual foreign exchange quota, funds are split and transferred in by multiple people, and then invested in the market after being pooled together.

Undoubtedly, the tens of billions of dollars in inexplicable increase in foreign exchange reserves flowed into mainland China through these four channels.

After clarifying the logic behind the price increases in June and July, Zhang Yang became completely bearish and turned his attention to other financial news.

Among them, the latest enterprise data released by the State Administration for Industry and Commerce attracted his special attention.

[截至2009年6月底，全国实有企业997.88万户，注册资本金达46.56万亿元，同比分别增长2.72%和7.09%。]
What does this mean?
The business economy is recovering.

The most direct indicator of whether an economy is doing well is the growth of its businesses.

If there is economic deflation, everyone will cut back on their spending, and businesses will not make money. In that case, the number of bankruptcies will definitely be more than the number of new registrations, so there will be no growth, but rather a decrease.

"By the end of June, the number of enterprises had increased by 2.72% year-on-year, and the registered capital had increased by 7.09%, indicating that signs of economic recovery had already emerged."

After this analysis, Zhang Yang shared his views through the Caiyan.com membership channel, and his opinion remained the same: the stock market is bearish in the short term, but the economy is bullish in the long term.

After finishing all this, it was already 8:42 a.m. He then used the QQ executive group to notify all department executives to bring last week's "Work Report" to meeting room number 1 for a meeting.

……

Since they all work on the same floor of the building, it only took 10 minutes for all the senior executives from each department to arrive at the conference room.

After Zhang Zetian closed the meeting room door, Zhang Yang then spoke: "The purpose of this morning meeting is to summarize last week's work, deploy this week's tasks, and discuss the company's future development path."

At this point, Zhang Yang looked at Dai Shuhan on his right and said, "Let's start with the marketing department and have them report on last week's work."

"Okay, Mr. Zhang."

Dai Shuhan quickly opened the document.

"Since July 30th, when we started using Taobao's traffic, the number of registered users on Caiyan.com has exploded. As of 8 a.m. today, the number of registered users has reached 670,000, and the average daily number of visitors over the weekend has remained at 150,000."

"On this trading day, the number of visitors this morning alone reached 13, and the operations department predicts that the total number of visitors for the day will be around 25."

"The most visited sections are the stock market community, the speculative capital channel, and the members' financial channel, accounting for 80% of the total traffic."

While Dai Shuhan was reporting the data, Zhang Yang was performing calculations simultaneously.

"With 25 active users, even if only 2.5 are willing to pay to subscribe to the cheapest monthly card at 120 yuan, Caiyan.com can still generate 300 million yuan in revenue per month."

With 300 million a month, that's 3600 million a year. Add in advertising revenue, and there's no doubt that Caiyan.com's growth momentum is rapid.

"but!"

Suddenly, Dai Shuhan changed the subject and delivered bad news: "Since Tonghuashun and Eastmoney lowered their monthly membership fees, our paid conversion rate has decreased significantly."

"Currently, Tencent Finance, NetEase Finance, and Sina Finance have all started to lower prices simultaneously, and fierce competition seems to have become the mainstream model in the industry."

The moment he said that, Zhang Yang asked, "How much lower is the paid conversion rate?"

"Excluding beta testers, our website's paid conversion rate is 32%, meaning that out of 100 registered active users, 32 will become members. Based on this, the conversion rate has decreased by 5%, and the current paid conversion rate is 27%, which is still declining. We need to find a way to stabilize it."

Dai Shuhan replied.

"Price cuts from our competitors have indeed had a significant impact on us." Zhang Yang acknowledged the impact, then looked at other high-end pipe manufacturers: "Does anyone have a way to cope with this shock?"

"I think the fees should be lowered. Currently, our membership fee is the highest among all financial websites in China."

Yang Wei suggested.

He added immediately after saying that, "Our current membership fees are 120/month, 299/quarter, and 999/year. Companies like Eastmoney and Tonghuashun have monthly membership fees in the double digits, which is 30% lower than ours. I think we can start by competing with them on price."

“I agree with Manager Yang’s suggestion to lower prices. Our financial research website is small, and our operating costs are probably only half or even lower than those of our competitors. As long as we can retain users, lowering prices is a good strategy.”

"Price-cutting competition gives us an advantage."

"Indeed it is."

Senior executives from various departments echoed this sentiment.

When competitors lower their prices first, the usual competitive tactic is to follow suit and lower prices as well, testing each other's endurance.

While nodding in agreement, Tang Yuanhang, the business manager, also said, "Lowering prices is indeed a coping strategy, but if we're talking about quickly crushing our competitors, going for the free route would be faster."

"free?"

"hiss!"

"Free features?"

Upon hearing Tang Yuanhang's words, the other department managers all showed surprise, and even Xu Zhirou was surprised, as she had just heard Zhang Yang mention the free profit model last time.

Was it a deliberate arrangement?

She looked at Zhang Yang with a questioning gaze.

Xu Zhirou felt that Zhang Yang might want to adopt a free model and deliberately arranged for Tang Yuanhang to mention it at the meeting.

However, she was wrong; Zhang Yang had not instructed Tang Yuanhang.

Upon hearing Tang Yuanhang mention "free," Zhang Yang became intrigued and asked, "Why go for the free route? Is there good news from the Ministry of Commerce?"

"As expected of General Manager Zhang, his foresight is truly phenomenal." Tang Yuanhang praised, while also mentioning the Ministry of Commerce's latest achievement:

"Last week, our Ministry of Commerce received inquiries from 22 companies about investment opportunities. 13 of them indicated that they would consider the investment plans and respond this week."

"In addition, Tianhong Fund has reported that our website is very effective at attracting traffic, and they are willing to discuss long-term traffic investment in detail."

"With advertising revenue to support us, we can completely emulate 360 ​​Security Guard's free profit model, make money through other channels, and first crush our competitors."

The good news from the Ministry of Commerce brought smiles to the faces of managers in other departments.

Caiyan.com has two "engines": one is membership fees, and the other is advertising revenue.

Currently, both engines are on track and are beginning to supply power to the website.

Zhang Yang now faces two paths to counterattack.

1. Membership price reduction, relying on its small size, to compete with its peers in terms of endurance.

2. Transform into a free platform. Attract users with the gimmick of free access, dig deep into the roots of paid financial websites, and force them to make changes.

“I don’t think offering it for free will work.” Just then, Xu Zhirou, who had been silent until now, retorted to Tang Yuanhang with a resolute look:

"While offering free services can attract a large number of users, it also makes us highly dependent on advertisers' traffic, which undoubtedly gives competitors the opportunity to cut off our cash flow."

"Furthermore, our financial research website is officially named Wealth Research Network, and we should take a high-end approach, focusing on investment research, so as to attract more high-net-worth investors."

"Advertisers will only be willing to invest when the number of high-net-worth users increases."

Since Zhang Yang mentioned the freemium model a few days ago, Xu Zhirou had been quietly taking notes and analyzed its advantages and disadvantages over the weekend.

While offering something for free can attract users, it also carries significant risks.

Because the essence of free services is to shift the cost of user payments to advertisers, if there are problems with business advertising, Caiyan.com's cash flow may be disrupted.

After listening to Yang Wei, Tang Yuanhang, and Xu Zhirou's analysis, Zhang Yang smoothed things over by saying, "There are some reasons for price reductions and free services. Currently, the impact from competitors is limited. Let's observe further."

Over the weekend, in addition to attending the economic forum, Zhang Yang also pondered how to stand out from the pressure from industry giants.

Membership discounts?

It can indeed alleviate the impact.

Go for a free model?
This is a case of hurting the enemy 1000 while injuring yourself 800.

As Xu Zhirou just said, Caiyan.com focuses on professional finance, so wouldn't making it free lower its standards?

Just like Chanel and Dior, they only want a small group of customers, rather than taking a mass-market competitive approach.

Given the limited impact and considering opinions from all parties, Zhang Yang chose to continue observing.

Caiyan.com is a small company. After deducting the 2185 million yuan spent on bidding for "Warren Buffett's charity lunch" from the 5000 million yuan investment from Alibaba, as well as the costs of website development, daily operations, and employee salaries, it still has 2560 million yuan left.

With over 2500 million yuan in funding, even without membership fees and advertising revenue, Caiyan.com could survive for half a year.

As for why Eastmoney and Tonghuashun launched such a fierce counterattack, Hu Maoyuan, chairman of SAIC Motor, also pointed out the reason at the dinner: the other party was not afraid of Caiyan.com, but of Alibaba behind it.

Alibaba is a legitimate internet company with inherent advantages. If it senses a business opportunity, it won't just be a matter of dealing with Caiyan.com, but potentially the entire Alibaba team.

To put it simply, they don't want Alibaba to see new areas for profit, which is why they are relentlessly attacking Caiyan.com.

……

As each department manager delivered their summary of the previous week, Zhang Yang, already confident, immediately outlined the key points for the week.

"Marketing Operations Department, your key tasks this week are to conduct personalized promotions based on user profiles and behavioral data, improve marketing effectiveness, strengthen cooperation with media and institutions, enhance the company's brand awareness, and minimize the impact of competitors' price reductions as much as possible."

"receive."

"The customer service department needs to collect user complaints and suggestions, optimize their processing, and report any issues that exceed their authority to me."

"clear."

"Technology Department, in addition to speeding up the process of replacing outsourced services, you also need to take into account the security of the website and nip any uncertainties in the bud."

"clear."

"Business Department..."

As Zhang Yang outlined the key tasks for each department at Caiyan.com this week, all the direct supervisors quickly responded.

At the end of the meeting, Zhang Yang looked at Zhang Zetian standing to the side and said, "This is my assistant. From now on, all departmental work reports should be sent to her email address. She will organize them, and I will reply to them one by one."

"Okay, Mr. Zhang."

"clear."

Everyone's eyes turned to Zhang Zetian, and they remembered her appearance.

Xu Zhirou already knew about Zhang Zetian, so she wasn't surprised. She glanced at her watch to check the time.

9 points.

"He should probably start trading stocks, buddy."

Just as Xu Zhirou finished speaking in her mind, Zhang Yang stood up first, scanned the room, and said, "Alright, that concludes today's morning meeting. Everyone, please return to your work." *Swish swish swish—*

The others stood up.

As the company's "big brother," Zhang Yang naturally took the lead.

After Zhang Yang left the meeting room, the other department heads left one after another.

Xu Zhirou had just returned to her office and was about to look at the job applications in her email to find some management talent.

Suddenly, a new email came from someone whose contact name was "Evil Finance Guy - Zhang Yang".

[The idea of ​​going for a high-end website is good. Could you turn that idea into a business plan and send it to me?]
The email was concise, but it revealed Zhang Yang's true thoughts.

He didn't want to compete for free users; instead, he wanted to take a high-end approach to pave the way for the website's future business transformation.

How should Caiyan.com transform its business model?

To be precise, how should Caiyan.com expand its business?

1. Fund sales business.

2. Brokerage platforms.

Brokerage licenses are extremely difficult to obtain, and I haven't heard of anyone successfully obtaining one yet. Therefore, it's not currently on Zhang Yang's radar.

In other words, besides memberships and advertising, selling funds may become a new growth point for Caiyan.com.

However, obtaining a "fund sales license" is not an easy task; even leading financial websites such as Eastmoney, iFinD, Sina Finance, and Tencent Finance have not been able to obtain one.

Are the conditions too harsh?

No.

The application requirements are very low.

All you need to do is pay 2000 million Chinese yuan in capital, have a secure and efficient fund sales technology system, and complete network testing with the fund manager and the China Securities Depository and Clearing Corporation to apply for the corresponding license.

These conditions can be easily met by any financial website in central China.

The main reason why leading financial websites have failed to obtain a "fund sales license" is that the authorities still maintain a cautious attitude towards the financial sector.

In other words, the main profit models for all financial websites at present are membership fees and advertising revenue.

After reading Zhang Yang's email, Xu Zhirou brushed a strand of hair from her temple and said, "Going for a high-end image, hmm, I need to think about it carefully."

……

And on the other side.

Shenzhen, in eastern Guangdong.

A bright red Ferrari, with a cool and stylish look, roared through the streets and finally stopped on Hongling Middle Road, in a roadside parking space not far from the China Merchants Securities branch.

Chen Sanrong, who stepped out of the driver's seat, instantly became the focus of attention.

"What kind of car is that? It's so cool!"

"What kind of car logo is that yellow horse? Is it a Japanese car?"

"That's a Ferrari, a supercar! If I'm not mistaken, this is the Ferrari Group's latest California hardtop convertible, which will cost over 400 million!"

"400 million???"

"What? A car costs 400 million?"

Although Shenzhen is a special economic zone and at the forefront of national development, people who can afford to spend more than 400 million yuan on a car are still extremely rare.

In 2009, let alone Shenzhen, even in New York City, only the super-rich could afford a California hardtop convertible supercar.

At this moment, passersby on the street took out their mobile phones to take pictures and record this supercar that they had only seen on TV.

Some bolder girls couldn't resist and took the initiative to strike up a conversation.

"Bam—"

Just as Chen Sanrong closed the Ferrari door, a strikingly beautiful and tall girl approached him and said sweetly, "Brother, can we be friends? I'm still single."

"Want to sit in the passenger seat?"

Chen Sanrong sized up the other person.

She is at least 1.7 meters tall, with an oval face and features comparable to some models and celebrities. Her bust size is conservatively C.

"It's not big, but it's just enough," Chen Sanrong thought to himself.

"Yeah, I've never ridden in such a cool car before, is it okay, brother?" The tall girl winked seductively, her words full of flirtation.

Before Chen Sanrong could agree, several more girls approached, wanting to get to know him.

"Add me on QQ, everyone. I'll take you guys out for a night out when I'm free." Chen Sanrong accepted all requests, but after adding them as QQ friends, he added, "By the way, those who can't drink iced drinks, please don't bother me."

This statement, while not exactly an implication, was a clear indication to these girls.

If it were an ordinary person, they would probably turn around and leave, but Chen Sanrong, who owns a Ferrari, was not someone they wanted to let go of, and they all said they could drink iced drinks.

When traveling, a car is a man's status symbol; it is not only a means of transportation but also a symbol of wealth and power.

Driving a car worth 30 yuan means you must also own a house worth a million yuan, and your savings must be at least a million yuan.

They drive luxury cars worth millions, live in mansions worth tens of millions in prime locations, and have savings of no less than tens of millions.

If you drive a 3 yuan used minivan, forget about owning a house, whether you even have any savings is another matter.

Most women are realistic, and at the same time, they are smart enough to roughly estimate a man's financial situation by looking at the value of his vehicle.

This is why luxury cars often have female passenger seats.

After adding more than a dozen younger sisters, Chen Sanrong's vanity was satisfied, and he then headed towards the sales department.

Since following Zhang Yang, Liao Guopei, and Lin Guangchang in fishing for stocks and making millions last week, he has become completely arrogant. He not only bought a Ferrari California on installment, but also found a 300-square-meter two-story villa.

In Chen Sanrong's view, since he had Liao Guopei's weakness, Liao would definitely have to help him make money. And since the money came so easily, he didn't feel any pain when he spent it.

After all, he could earn millions in just one or two trading days. If he had more trading days, he could easily earn tens of millions.

Upon arriving at the VIP room of China Merchants Securities, Chen Sanrong, as usual, did not use the branch office's computers but instead used his own laptop.

After plugging in the network interface, he opened Liao Guopei's chat window and sent a message.

[Jumping off a building guy]: Still 924?

Not a moment.

Liao Guopei replied to the message.

[Zen City Shadowless Kick]: Wait for the opening auction results first, no rush.

[Jumping-off-the-building guy]: After selling, which stocks are you planning to buy today?
[Zen City Shadowless Kick]: Don't worry, I'll tell you later.

[Jumping-off-the-building guy]: Okay, okay.

After a brief exchange, the guy who jumped off the building hummed a tune, switched chat windows, and invited the girl he had just added to his chat to go to a hotel to play games.

……

Financial Research Network office space.

Finance meeting room.

Liao Guopei glanced at the time; it was almost 9:15, and Zhang Yang still hadn't arrived. He grew anxious and asked, "Why hasn't Joker come yet? Has he forgotten we have to ship today?"

Last Friday, they selected three stocks: Jizhong Energy, Tiandi Technology, and Gujinggong Liquor. Except for Gujinggong Liquor, which was not followed by speculative funds, the other two stocks have already hit their daily limit.

Perhaps it was divine intervention, as positive news emerged in the coal sector over the weekend.

Last night, Liao Guopei also contacted several self-media outlets to promote the "Regulations on Prevention and Control of Coal and Gas Outbursts," leaving many individual investors confused.

"It's a new week, and he still has company matters to attend to, so he'll be a little late." Lin Guangchang also glanced at the time.

If Zhang Yang fails to arrive before "924", then they will have to reduce their positions or sell off their shares after 9:30.

Speak of the devil, and he appears. Just as he arrived at 9:15, Zhang Yang pushed open the door and greeted him, "Not late, are you?"

"Perfect timing, I've been waiting for you."

"Yes, just right!"

Liao Guopei and Lin Guangchang spoke one after the other.

Immediately afterwards, Liao Guopei hurriedly said, "Please sit down, please sit down. The computer is already set up for you. Just now, Jump-Off Brother messaged me asking which stock to buy today, besides selling Jizhong Energy and Tiandi Technology."

"I'll take a look later."

Zhang Yang sat down in his seat.

After a brief moment of thought, he devised a plan: "There's good news for coal over the weekend, so there's no rush to sell off on 9:24. We'll wait until after 9:25 and then, depending on the situation, we'll press the 'nuclear explosion' button."

"Still so brutal?"

Lin Guangchang joked.

Liao Guopei smiled and said righteously, "If it's not brutal, is it still Fuchun Road?"

"Yeah, haha."

Lin Guangchang laughed heartily.

The "924 node" sell-off made it impossible for them to determine the strength of the support at the bottom, so the order price might be half of the limit-up price.

But things change after 9:25. The number of orders in the top ten price ranges is clear. If the support is not strong enough, the price can be pushed up further, and a targeted surge can be achieved.

"Let's watch the market and sell our shares first."

Zhang Yang gave a reminder.

He quickly switched to the broader market, and on the first trading day of August, both the Shanghai Composite Index and the Shenzhen Component Index closed in positive territory.

Industrial and Commercial Bank of China, China Construction Bank, and Huaguo Bank once again took on the heavy responsibility, with all three showing gains, and also boosting the securities sector, coal sector, and various heavyweight sectors.

Seeing the red "Xiao Xuesheng" (a stock market commentator) sign, he was completely excited and immediately opened the stock market community on Caiyan.com to post a "victory" message.

[I Am Superman]: It's red! The Shanghai Composite Index is red, currently at 3432 points, up 0.58%. Joker's fans, cheer!

[If There Were No Ifs]: Bearish on our A-shares? Joker, you clown, do you even deserve that title? Anyone who opposes Teacher Da Xiao never ends well!
[You Who Like Distance]: Goodness, they're slapping Joker on the website he founded. Is this what our Xiao Family Army is all about?

[The Love That Made Mistakes]: Joker is a fraud. He doesn't know anything about the stock market. He should just focus on running his financial website. When it comes to predicting A-share trends, we still have to ask our Teacher Da Xiao!

The Shanghai Composite Index's surge is like a sharp knife being wielded recklessly by "Xiao Xuesheng" (a term referring to a group of speculators).

The die-hard fans Zhang Yang had initially built up in QQ groups were now somewhat shaken, as they hadn't expected the A-shares market to actually rise.

Ping Sheng, whose online ID is "White Sanctuary," couldn't help but mutter to himself, "Could it be that we're really going to miss out on this market rally?"

Since July, he has been gradually reducing his holdings, missing out on at least 15% of the gains, but he still firmly believes that "Joker the God" is right.

Because he joined Zhang Yang's QQ group in a daze, and after stumbling and making over 100,000 yuan, he became convinced of Zhang Yang's approach.

Now he has to wonder if the crash Zhang Yang predicted will actually happen.

By the time "Xiao Xuesheng" started attacking, it was already 9:24.

This critical juncture, coupled with the resurgence of "Fuchun Road," has made speculative funds and retail investors in Jizhong Energy, Tiandi Technology, and other stocks that have hit their daily limit extremely nervous.

9:24:20.

9:24:40.

9:24:50.

As the clock struck 9:24, the opening auction ended, and speculative investors and retail investors in Jizhong Energy, Tiandi Technology, and other stocks that hit their daily limit breathed a sigh of relief.

They were terrified, fearing that Fuchun Road might suddenly cause another market crash.

Good thing!

There was no market sell-off today.

However, what the speculative investors and retail investors of Jizhong Energy and Tiandi Technology did not know was that Zhang Yang simply glanced at the top ten order books and immediately decided: "The support is very strong, just place orders at the limit down price for both."

Although it was placed at the lower limit price, according to the price priority rule, the transaction will be completed in stages.

Zhang Yang predicted that Tiandi Technology would be fully traded at around 21 yuan, and its current price is 22.44 yuan. As for Jizhong Energy, it was fully traded at around 48 yuan, and its current price is 50.82 yuan.

"OK, submitted."

"I also applied."

"The guy who jumped off the building has also applied for permission."

After the four of them collectively submitted their sell orders, Zhang Yang glanced at the market. The Shanghai Composite Index opened at 3429.69, up 0.52%, while the Shenzhen Component Index opened at 13735.08, up 0.47%. The index-weighted sectors were still driving the market, and both indices opened higher with a gap.

Just then...

[Stock Anomaly Alert]: Jizhong Energy saw a massive sell order, amounting to 960 million.

[Stock Anomaly Alert]: Tiandi Technology saw a massive sell order, amounting to 750 million.

[Stock Anomaly Alert]: Jizhong Energy saw a massive sell order, amounting to 1460 million.

As 9:30 arrived, the previously placed orders began to be executed one by one.

The activation of the nuclear detonation button caused the speculative and retail investors of Jizhong Energy and Tiandi Technology to widen their eyes in disbelief. Their minds went blank, but instinct led them to unanimously greet the screen:
"Fuchun Road, I'll fuck your mother!"

(End of this chapter)