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

Chapter 195 Chen Xiaoqun goes all out, Zhang Yang sets up an intelligence network
"Haitong Foods has hit the daily limit down for three consecutive days, currently trading at 5.83 yuan. Panic selling is compounded by the overall market decline and continues to spread. One sell order has already accumulated to 290,000 lots. Brother Jing, should we continue to wait and see?"

"It's just a seat on Fuchun Road, there's no reason for it to drop five or six limit-up days, right?"

"I feel like I've reached the bottom."

Huitianfu Fund Headquarters Building.

Open-plan office area.

Ouyang Qinchun and Pang Sa looked at Su Jing. Although they were both fund managers of the "Huitianfu Balanced Growth Equity Fund", they were only Su Jing's assistants.

Su Jing took a leisurely sip of his iced Americano, then glanced at Ouyang Qinchun and said, "As a member of an institution, don't you know that the biggest taboo in the stock market is 'I think'?"

I think I've reached the bottom.

I think I've reached the top.

I think it can still go up.

I think it will continue to fall.

This is a common sales tactic used by retail investors.

As a professional fund manager, Su Jing hates the phrase "I think" the most, because it is often a judgment based on intuition without any logical support.

In the stock market, trusting your intuition might make some people money, but for most, it results in losses.

Wearing large earrings and heavy American-style makeup, Ouyang Qinchun, deeply influenced by American culture, dared not say another word.

In the financial industry, connections matter. Although Ouyang Qinchun also has a family background, with both her parents working in the government, it is still "several steps behind" compared to the backgrounds of Su Jing and Pang Sa.

"Alright, let's work on other stocks first. The market is falling sharply right now, especially small and mid-cap stocks. Let's see if we can adjust our portfolio and move on to blue-chip stocks," Su Jing said, changing the subject.

Upon hearing that we should continue to observe Haitong Foods, Pang Sa thought of yesterday's managers' meeting and cautiously asked, "Brother Jing, are we just going to let Haitong Foods fall? It's a stock we hold a large position in."

"Just do as I say, I have my own plans." Su Jing kept everyone in suspense.

At last night's managers' meeting, he reached an agreement with fund managers from Yinhua, Bosera, China Asset Management, E Fund, and others involved in Haitong Foods to refrain from interfering with the stock price decline.

Why not intervene?

1. Unrealized losses are not considered losses.

2. Announcement of serious abnormal changes.

There's a saying in the stock market: unrealized losses aren't real losses, and unrealized profits aren't real profits.

Retail investors should only take this statement halfway, because it's not meant for retail investors, but rather for those who have the ability to drive up stock prices.

For example, in a volatile market, if a major player controls the market for two or three months, or even half a year, and then suddenly reverses course downwards, not only will retail investors lose money, but the major player's own securities account will also incur unrealized losses.

Why aren't they afraid?
The reason is simple: if the dealer has the ability to drive the price down, he also has the ability to drive it up.

Last night, after Su Jing and other institutional managers reviewed the accounts, they unanimously agreed that they could take advantage of the negative impact of "Fuchun Road" to continue the downward trend, and immediately buy up all the shares when the "Announcement of Serious Abnormal Stock Trading" was issued.

The reason for touching the threshold of issuing the "Announcement on Serious Abnormal Stock Trading" is that major institutions are also unclear about the progress of Haitong Foods and Yijing Optoelectronics' backdoor listing negotiations, and this is a good opportunity to probe the situation.

In summary, fund managers Su Jing, Wang Hua, Qi Zhenbang, and others reached a consensus to use "Fuchun Road" to shake out weak hands, wait for the stock price to hit the threshold for a serious abnormality announcement, force Haitong Foods to issue a written explanation for the serious abnormality, and then raise the stock price at an opportune time.

This decision serves two purposes: first, it forces out panicked investors; second, it allows the company to probe the progress of Haitong Foods and Yijing Optoelectronics' backdoor listings. It's a two-birds-with-one-stone strategy.

It is also worth mentioning that there are slight differences in the conditions for triggering the "Announcement of Serious Abnormal Stock Trading" when the stock price hits its daily limit up or down.

A stock hitting its daily limit up is triggered when the closing price deviates by more than 100% cumulatively over 10 consecutive trading days, or eight consecutive limit ups.

A stock price falls to its daily limit down when the cumulative deviation of its price increase or decrease reaches 20% over three consecutive trading days, triggering the first "Announcement of Abnormal Stock Trading"; when the cumulative deviation reaches 50% over six trading days, a second "Announcement of Abnormal Stock Trading" is issued; and when the cumulative deviation reaches 70% over ten trading days, a third "Announcement of Abnormal Stock Trading" is issued. If the price continues to fall and the magnitude exceeds 5%, the listed company must publicly announce a "Serious Abnormal Stock Trading Announcement" within three trading days.

Although the rules for triggering the "Announcement of Serious Abnormal Stock Trading" when the stock price hits the daily limit down seem complicated, the two statements convey the same message: an announcement is triggered after eight consecutive days of limit-down trading. The only difference is that a decline will force the issuance of three "Announcements of Abnormal Stock Trading".

Haitong Foods is currently experiencing three consecutive days of limit-down trading, and it needs to fall for five more days before it triggers the "Serious Abnormal Stock Trading Announcement" threshold.

Even with no institutional involvement and no retail investors willing to take over, the number of shares sold by Haitong Foods continues to increase.

29.3 lots.

29.6 lots.

29.9 lots.

Although the number of sell orders has skyrocketed, the emotions of retail investors in the stock market are no longer as panicked and disoriented as they were yesterday and the day before.

[Xiao Bingxin]: Finally, we're not the only ones hitting the daily limit down. 349 stocks hit the daily limit down, and there are 348 other companies that are falling with us!

[Math Prince Yi]: It's painful for one person to fall, but it's much better for a group of people to fall. I even feel like we're in the same boat.

[Who stole my chicken]: Hahaha, it's broken through 3300 points! Let the storm rage on, let's see a thousand stocks hit their daily limit down!

[The Little Ape in Jail]: Although I don't know what happened, I see that everyone is losing money, so I'm relieved, hehe.

Watching the market index continue to fall, retail investors in Haitong Foods felt a sense of relief. They were no longer alone; they had so many fellow investors sharing the losses.

Losing money isn't scary; what's scary is that you're losing money while others are making money hand over fist.

How do you say that?

I worry that my brother is suffering, and I also worry that he's driving a Land Rover. It's the same with fellow investors.

……

At this time, retail investors on financial websites such as Eastmoney, Tonghuashun, and Caiyan.com were crying out in despair.

[Xiaolilu Xixi]: A-shares, I'm calling you daddy now, please don't fall anymore, I was wrong, I will never be fully invested again.

[The person I married wasn't me]: Damn it, in three days, it went from 3460 points all the way down to 3290 points. I'm going to mess with your dam. If it drops any further, I'll blow up the exchange!

[Unable to Stay In the Context]: Wasn't it supposed to be a bull market? Wasn't it supposed to be a bull market pullback? Why am I covered in cow dung?
As of 10:32 AM, the Shanghai Composite Index is currently at 3294 points, down 1.86%, while the Shenzhen Component Index has broken through 13000 points, reaching 12975 points, down 3.86%.

如果说8月5号，8月6号散户还没感觉到疼，那么8月7号绝对是散户最为沉重的一天。

Because today's leading decliners are no longer blue-chip index stocks, but small and mid-cap stocks.

Retail investors typically buy stocks in hopes of achieving high returns, so large-cap stocks with low liquidity and small price fluctuations are usually not their first choice.

Nearly 400 stocks hit their daily limit down, 370 of which were small and mid-cap stocks. Retail investors, feeling the pain, rushed to find the reasons for the decline, while the masterminds behind the scenes continued to spread rumors in the market.

Five short articles are currently sweeping across Eastmoney, Tonghuashun, Caiyan.com, and Sina Finance, each one hitting the nail on the head.

1. Guoke Holdings listed its 29% stake in Lenovo Holdings for transfer, which is rumored to be a signal of a collective withdrawal of central state-owned enterprises. In addition, the social security fund has recently reduced its holdings of secondary market stocks on a large scale.

2. The sharp decline over three days forced liquidation of highly leveraged private financing accounts, accelerating the market downturn. It is rumored online that the number of liquidated accounts reached tens of thousands, involving more than 10 billion RMB.

3. Rumors circulate online that Huaguo Zhongzhi, the third large-cap stock, will soon release its "IPO fundraising plan," intending to raise over 400 billion yuan from the secondary market.

4. It is rumored online that the state plans to increase the ad valorem tax rate for coal resources to 5% and expand it to the crude oil and natural gas sectors.

5. Rumors circulate online that Beijing and Shanghai will be the first cities to levy property tax, with a tax rate of 1.2%.

Five unverified short essays continued to circulate, causing widespread anxiety among retail investors who began to worry that the essays would be proven true.

There's an old Chinese saying: "Where there's smoke, there's fire."

Although A-share market predictions are not very credible and are often debunked, if even one out of ten of them is proven true, then it has some reference value.

Moreover, when retail investors, speculative funds, and institutions cannot verify the authenticity of the news, short market posts acquire speculative value.

Even if the rumors are later debunked, only retail investors will be hurt, because speculative funds and institutions have already disappeared using fast trading channels.

While stock market investors were crying out in despair and writing endless articles about the market, the fans of "Joker the God," who had been bowing down for half a month and being called "missed-out investors," finally got their revenge amidst the market crash.

[Second Brother, the Journey to the West]: You didn't believe Joker's words, and now you're suffering the consequences. You called us "missed-out" guys, but this crash is what you deserve, hahaha!

[Fishing Guy]: How comfortable! I still have 90% of my funds available. Is this what it feels like to be sitting on the fishing platform with peace of mind?
[Don't pop the bubble]: As soon as the Shanghai Composite Index falls to 3000 points, I will immediately build a 20% position and buy your stocks at the bottom!

With the A-share market crash, it's clear who's been "swimming naked" (i.e., being caught swimming naked).

Those who had filled their warehouses were moved to tears.

Those with half a position should consider adding to their position when the opportunity arises.

Those who are not holding any positions should wait to buy at the bottom.

The interplay between the market and the interplay between human nature are vividly displayed in the A-share market.

Michael Steinhardt, the legendary short-term trader and godfather of hedge funds, once said: "The stock market is a game of human nature. When your final purchase price is lower than that of the vast majority of people, the door to wealth will open for you."

……

Beijing, China.

Inside a military family compound.

Chen Xiaoqun's hands moved like blurs as she rapidly typed on the keyboard in a 500-person QQ group called "Xiao School".

[White Sanctuary]: How was the food crash? Where's the "Thousand Gold Cow"? I bet it's just a pile of shit, hahaha, still calling it "Cow"!

[White Sanctuary]: Wasn't Joker supposed to be a fraud? What's going on? Why did the A-shares market crash? Speak up!!

[White Sanctuary]: Hahaha, don't worry too much, I have definite news that the A-shares will stop falling tomorrow and the day after!

Chen Xiaoqun's "straight to the heart of the matter" move—by barging into Li Daxiao's fan group and posting derogatory remarks—instantly aroused the dissatisfaction of the group members.

[Past Events Drift Away]: It's only dropped less than 200 points and you're already making a fuss? Joker is no genius at all, not even worth a hair on our Teacher Da Xiao's head!
[Loves Strawberry Jam]: From July to early August, the Shanghai Composite Index rose by more than 400 points. Now that it has only fallen a little bit, they are already so anxious. Joker's fans really have no vision.

[Xiaoxiao is a stock market guru]: A clown is a clown, even his fans are clowns. Where are the administrators? Kick him out!
Just as Chen Xiaoqun was about to retort, the group administrator saw the message and, without saying a word, kicked his QQ account out of the group.

[You have been removed from this group!]
"cut!"

Chen Xiaoqun sneered and muttered, "So you can't even play this game anymore?"

At 14, a time of youthful exuberance and fearlessness, upon seeing the notification that he had been kicked out of the group, he added the administrator again and sent a message to greet them.

He didn't want to cause trouble, but he was severely criticized recently, and now that he has a "voice," he naturally wants to retaliate tenfold.

The Analects, in the chapter "Xian Wen", mentions: "If you repay evil with good, how will you repay good?"

tolerant?

nonexistent!

Its main theme is swift retribution!
While Chen Xiaoqun was "venturing deep into enemy territory alone," his security door was opened, and a man and a woman walked into the living room.

"Is there any noise from the room?"

"Oh, Xiaoqun is trading stocks in there."

"Stock trading? It's summer vacation, and that kid hasn't gone out to play?"

"Yes, ever since we opened a securities account for him, he's been thinking about stock trading all the time. He even asked his dad to open a US stock account for him, saying he wants to make money off foreigners and make back the money that the Empress Dowager lost. It's driving me crazy."

"His ambition is quite interesting."

"No."

While the two were chatting, Chen Xiaoqun heard a noise in the living room and quickly peeked out of his room. When he saw that it was his uncle Zheng Minghui and his mother Zheng Xiaoyue, he greeted them and said, "Uncle, you've finally arrived! Come on, come on, the A-shares have crashed, come and see the show."

"Has the A-share market crashed?"

Zheng Minghui, remembering that he still had positions, quickly walked over to Chen Xiaoqun and said, "Don't scare me, I still have over 100,000 in positions."

"Hey, why would I lie to you? The A-shares market has dropped by almost 7% in three days, and investors are crying out in despair."

"It's all over, it ...."

"What's the point of finishing it?"

"Your uncle is going to lose a lot of money."

"I'm telling you to value invest, check the market every two weeks, and cut your losses quickly. As the 'joker' guru said, this round might be a deep correction."

Who is the Joker?

"My idol!"

At this point, Chen Xiaoqun looked at Zheng Xiaoyue and said, "Mom, I want to go to Shanghai. Please transfer some money to my card."

Because he was under 18, his securities accounts belonged to his father, and even if the money was withdrawn, it wouldn't be in his bank account.

Zheng Xiaoyue, who had short, ear-length hair and a black mole at the corner of her mouth, paused and asked, "What are you going to Shanghai for?"

"Let's take a lap around."

"Going with friends?"

"Don't worry about that. I'm going to get moldy if I stay at home any longer."

"It's moldy, but I haven't seen any fungi growing on it."

Seeing that Zheng Xiaoyue was about to refuse, Chen Xiaoqun quickly stepped in front of her, grabbed her left hand and shook it, pleading, "Please give me 3000 yuan, I beg you, my cutest and prettiest mom, please give me some money, I beg you."

"Don't give me that. It's too dangerous for you to go alone. You might get led astray into the mountains." Zheng Xiaoyue refused Chen Xiaoqun without even thinking.

She had just seen the news not long ago that human traffickers were abducting teenagers, breaking their arms and legs and forcing them to beg, or selling them off to illegal brick kilns to serve as free labor.

She only has one son; nothing can happen to him.

"I have company."

"Neither of them will do."

"three…"

"Three won't do either."

"Oh dear, my dear mother, you're going to kill an eagle."

“What kind of eagle do you think you are? You’re more like a chick. Before you turn 16, you’ll stay in Beijing. Even if you want to go out and play, your parents will have to accompany you.”

Chen Xiaoqun's desperate pleas failed to persuade Zheng Xiaoyue to agree, and things only took a turn for the better when Zheng Minghui cleared out his inventory.

"Xiaoqun is going to Shanghai?"

"Yes, Uncle." "I'm going to Shanghai in a couple of days, so I can take you with me."

As soon as Zheng Minghui finished speaking, Chen Xiaoqun looked nervously at Zheng Xiaoyue beside her and said, "Since Uncle said that, Mom, what do you think..."

"I can't do anything with you. If you want money, go ask your dad."

Zheng Xiaoyue did not stop her.

She didn't mean to prevent Chen Xiaoqun from going to Shanghai; she was just worried about her safety. Now that Zheng Minghui was with her, she couldn't say anything more.

……

Time slips away through the cracks.

3 pm.

Financial Research Network office space.

Finance meeting room.

Lin Guangchang looked at the index and said to Zhang Yang, "Joker really did predict it correctly. In three trading days, the Shanghai Composite Index fell from 3470 points to 3260 points, a drop of more than 200 points. That's terrifying."

"Compared to the drop of more than 200 points, the shrinking trading volume is the most frightening thing. The trading volume of the Shanghai Composite Index fell below 2000 billion yuan today, which shows that retail investors have not panicked yet, and a large number of trapped positions have been added above 3300 points," Liao Guopei added.

8月7号的上证指数收在了3260.69点，跌幅是2.85%，成交额是1849.66亿，相比较于7月29日的2969.26亿天量，直接腰斩了1000亿的成交。

Not only the Shanghai Composite Index, but the Shenzhen Component Index also saw a decrease in trading volume. Today's turnover was 94 billion yuan, compared to 1321 billion yuan on July 29, a decrease of nearly 40 billion yuan. The decline was also astonishing, reaching 3.86%, and closing at 12975.26 points.

Looking at the market data, Zhang Yang remarked, "The sharp drop was accompanied by a decrease in volume, which indeed indicates a significant increase in trapped investors. The shares are roughly distributed between 3300 and 3470 points. It's uncertain how long it will take for the market to recover to 3470."

"Based on my understanding of the A-share market, it will take at least half a year to recover. If there is a deep correction, it may not be possible to get back above 3470 for two or three years," Liao Guopei said with a smile.

"Actually, I'm a little puzzled as to why retail investors haven't panicked this time."

Lin Guangchang looked at Liao Guopei and Zhang Yang. Since he had not yet truly grasped the Dao, he could only humbly ask his two "partners" for guidance.

Among the more than 100 speculative investors in the A-share market, Lin Guangchang is definitely one of the most hardworking.

Because stock trading requires talent. For example, people like Xu Xiang and Zhang Jianping entered the stock market and quickly mastered the skills, accumulating hundreds of millions, billions, or even tens of billions of yuan in capital.

Lin Guangchang is 38 years old this year and has been involved in the stock market for quite some time. He has talent, but compared to the three giants Xu Xiang, Zhang Jianping and Qiu Baoyu, he is just a small hill.

Perhaps because he realized his lack of talent, his best quality was learning, learning from other speculative investors.

Zhang Yang also intended to cultivate Lin Guangchang, explaining: "A double-top trend can reduce panic. For example, during the 5% plunge on July 29, retail investors clearly panicked and sold off."

"Then?"

"Four trading days, a reversal pattern forming on the downside."

“At this point, retail investors tend to favor the second major upward wave, so when there was another sharp pullback on August 5, they felt it was another shakeout. July 29 is an example.”

"On August 6th and 7th, there were two consecutive days of sharp declines. At this point, the market had already retreated by 7%, and individual stocks had at least two limit-down days. Reduced trading volume became inevitable because retail investors didn't have time to sell, and their positions became trapped."

"I understand. The crash on July 29th was a shot in the arm for retail investors, which made them feel hopeful," Lin Guangchang concluded.

"That's what it means."

Zhang Yang nodded slightly.

He had to admit that the traders at Huijin and Zhengjin were indeed very skilled, easily leaving investors hanging at the top of the market.

If he's right, in just these three days, the amount of money trapped above 3300 points has reached hundreds of billions.

A large amount of retail investors' funds are trapped, market liquidity is decreasing at the same time, and Everbright Securities is about to raise funds for listing.

Zhang Yang doesn't dare to comment too much on the current A-share market, but his view remains unchanged: it will continue to fall, and it needs to fall to a point where trading volume increases before it can possibly stop falling and stabilize.

"It's Friday. I have a villa party tonight. See you next week, brothers." Liao Guopei packed his things, stood up, and chuckled.

He only realized how many different kinds of parties there were after he came to Shanghai.

Not only are there British and American girls, but also Japanese, Korean, and Russian girls, each offering a different experience.

"A point of restraint."

Lin Guangchang revealed the secret and then advised, "Don't use enhancement potions like young people do; your old bones can't take it."

"Why would I need that thing?" Liao Guopei sneered, boasting, "It's only because I made money in the stock market. If I hadn't, I'd probably be the number one male celebrity in Japan."

"I also need to organize my documents. See you next week," Zhang Yang said, standing up as well.

"See you next week, time to go home and take care of the kids."

Lin Guangchang stretched.

As the only married man in the "Liu, Guan, and Zhang gang," his initial intention in investing in stocks was not to get rich quick, but to supplement his family's income, which is why he chose the name "Investing in Stocks to Support the Family."

……

After a brief farewell, Zhang Yang returned to the chairman's office.

Sitting in the ergonomic chair, he took in the beautiful view outside the floor-to-ceiling window and cleared his mind for 10 minutes.

As he looked away, he began to consider his next move.

Zhang Yang's personal funds have now exceeded 100 million yuan. This is legitimate cash that can be withdrawn, not some kind of cash flow or random net worth or market value.

"It's time to build a domestic intelligence network and expand the team."

Zhang Yang muttered to himself.

Many people may not understand why there are so many speculative investors in the Yangtze River Delta region, such as Xu Xiang, Zhang Jianping, and Sun Guodong. In particular, there are plenty of speculative investors in Ningbo, while other places have very few, perhaps only two or three in a province, or even none at all.

Why is this happening?

The reasons lie in funding, as well as in the establishment of intelligence networks.

The speculative funds from Shandong and Sichuan-Chongqing factions can only mobilize a few billion yuan, which together can barely manage to manipulate a mid-cap stock.

But what about the speculative capital from Jiangsu and Zhejiang?
They invest billions of dollars at a time, not only aiming to be the leading company, but also targeting the second and third largest players.

The city of Ningbo is almost like a cheat; if you have connections, you can even mobilize idle funds in the port's trade circle.

Speculative investors from Hangzhou are adept at analyzing the hidden tricks in listed companies' financial reports.

Taicheng speculative investors, leveraging their understanding of the manufacturing industry, mechanically screen individual stocks.

Zhang Jianping, who belongs to the Jiangzhe speculative capital group, has turned investment into a business.

Unlike Xu Xiang's Ningbo Limit-Up Daredevil Team, which aggressively pursued gains and prioritized capital, his team was more like a precision instrument.

For example, some time ago, when everyone had forgotten about the H1N1 flu concept, Zhang Jianping had his research team sneak into the factories of listed companies related to the H1N1 flu concept in batches to obtain first-hand production data information, speculate on the industry's development potential, then have the risk control department calculate the valuation ceiling, and finally have Zhang Jianping lead the traders to build positions.

If Xu Xiang is a warrior who charges forward relentlessly, then Zhang Jianping is a mage who plans meticulously and calculates every move. Both are top-tier speculative investors with a profound understanding of the A-share market.

Currently, Zhang Yang obtains information primarily from public channels, supplemented by institutional channels provided by He Jing.

Take public channels as an example; very little of the information is actually usable, and most of it consists of judgments on general trends.

For example, if the country advocates ten major industries, Zhang Yang can analyze them meticulously and combine them with anchor points from his past life memories to find areas for investment.

However, if the news involves corporate restructuring or increased orders, its usability is greatly reduced because it is "outdated" corporate information, and "insider speculators" have already been waiting for retail investors to enter the market.

Building an investment intelligence network to penetrate listed companies like capillaries is what Zhang Yang wants to do.

Thinking of this, he took out his phone and called "Agent Xiao Lin" from last time.

"Dududu-"

The call was answered shortly after.

"Hello, Mr. Zhang, I didn't expect you to still remember my number. Is there anything I can help you with?" Lin Ye's voice was filled with excitement. He really didn't expect Zhang Yang to call him again.

Two months ago, Zhang Yang was a struggling senior in college.

Zhang Yang has not only secured investment from Alibaba, but his financial research website has also been endorsed by Warren Buffett.

In just two months, it's no exaggeration to say that if Zhang Yang hadn't taken the initiative to call, the two would never have crossed paths again, as if they were living in two different worlds.

“I want to register another company. You are very efficient and we have worked together before, so I would like to ask you to do it for me.”

Zhang Yang shared his thoughts.

Upon hearing this, Lin Ye immediately patted his chest and said, "Thank you for your trust, Mr. Zhang. You can rest assured that I can handle things. I'm a professional when it comes to running errands for you."

He added immediately after saying that, "Thank you so much, Mr. Zhang, for providing the company name. I'll check it with the Administration for Industry and Commerce for you."

Zhang Yang thought for a moment and said, "Shengtian Information Co., Ltd."

"Is Shengtian's information correct?"

"Ah."

"Please do me the trouble again, Mr. Zhang, to provide two alternative company names."

"Shengtian Intelligence, Shengtian Think Tank"

“I’ve noted it all down. Mr. Zhang, let’s talk later. I’ll head to the Industry and Commerce Bureau now, so as not to take up your time after closing time.”

"Go."

Lin Ye hung up the phone, immediately put down the materials in her hand, and rushed to the Shanghai Municipal Administration for Industry and Commerce to verify the name.

This time, he didn't talk about money first, because Zhang Yang wasn't worried about not having money at all.

In contrast, Zhang Yang continued to plan his business empire.

An intelligence network is far from sufficient, and with his current financial resources, Zhang Yang can only go this far. If he had more than 10 billion yuan, he would be a rudimentary capital holder, capable of establishing a venture capital firm to invest in the upstream and downstream of the industry.

However, sometimes he doesn't necessarily wait until he has that amount of capital to do those things; he can also leverage external resources.

For example, Liu Hua's Hongyue Group and his friends' venture capital firms can even utilize other insurance funds to invest in upstream and downstream industries.

……

And on the other side.

China Asset Management Co., Ltd., Shanghai Branch.

With the close of trading in Hong Kong stocks, the Hang Seng Index fell 2.51% to close at 20375.37 points.

The simultaneous sell-off in A-shares and Hong Kong stocks prompted fund managers in the open-plan office area to whisper among themselves, and even Wang Yawei, the top fund manager at China Asset Management, faced scrutiny.

"Both A-shares and Hong Kong stocks are plummeting. I heard that Wang Yawei adjusted his positions back a couple of days ago and made a big profit, haha."

"Stop talking. I just heard that he reversed his position and added back the positions he had reduced, and now he's suffering heavy losses from the decline."

"Anyway, it's not your money, so it doesn't matter. In this kind of market, it doesn't matter how much a stock investor loses or how little. It's just that Wang Yawei's trading this time is absolutely laughable."

"How to say?"

"I was bearish in June and July, and then I jumped in in August, only to find out it was a huge trap. This reminds me of a stock market strategy called the 'SB Strategy'!"

"Good grief, what is this 'SB' strategy? Are you sure you're not insulting me?"

"Sell at S, buy at B, sell low, buy high, SB strategy, haha!"

"Get out of here! Don't speak so loudly, you'll be in big trouble if Wang Yawei hears you!"

“They have their own offices, so they can’t hear us talking.”

There are no friends in the workplace. Although the fund managers outside the door were quietly lowering their voices, Wang Yawei still found it very jarring while sitting in the office.

This round of trading was indeed a "stupid strategy." In June, he thought that the vinegar was Guilin Sanjin, so he reduced some of his holdings. But it turned out that the vinegar was China Construction, a large ship that is hard to turn around. He remained bearish until the end of July.

A few days ago, Everbright Securities released its IPO fundraising plan. The A-share market had risen for three consecutive days. Realizing that it might be another case of bad luck, he used his personal connections to inquire about the attitudes of employees of the China Securities Regulatory Commission, Central Huijin Investment Ltd., and China Securities Finance Corporation. The results he received were all optimistic.

But as he bought back his positions, the A-share market experienced a three-day losing streak!

Now, not only are his colleagues gossiping about him in private, but even his superior, Lin Weiguo, has spoken to him, asking why he went all in to profit from the market downturn.

It's worth noting that Wang Yawei is the face of China Asset Management's returns. The "China Asset Management Large-Cap Selection Hybrid Fund" he manages is one of the few fund products that can compete with other public fund institutions, making it a living advertisement.

"Go have a smoke."

Disturbed, Wang Yawei stood up, walked out of his office, and prepared to go to the restroom corridor to light a cigarette.

In the open-plan office area, the fund managers who had been whispering all fell silent the moment they saw Wang Yawei.

Despite the teasing and mockery, they still didn't dare to say anything about Wang Yawei openly, after all, he was still the top star.

Just then, Wang Yawei noticed He Jing next to the coffee machine, with Tao Yuang fawning over her.

After their chance encounter at the last economic forum, he no longer dared to underestimate this woman. After all, she was someone who could have dinner with Li Yining, Cao Fengqi, and Zhang Yang, the CEO of Caiyan.com. The family background he had investigated was probably all fabricated.

"If we're going to investigate her, we might start with Tao Yuang."

After realizing that He Jing was not simple, Wang Yawei did not back down. Instead, he felt that he could use her as a springboard to jump to even greater heights.

On the other side, Tao Yuang gave a thumbs up and exclaimed, "Junior Sister He, Junior Brother Zhang is truly a prophet! The A-shares really did crash. I just don't know when we should get involved, or when he'll have time to have another meal together."

"He seems to have a dinner engagement this weekend."

He Jing politely declined.

Tao Yuang paused for half a second, then quickly replied, "Junior Brother Zhang is indeed a very busy person. We'll make an appointment again when we have time."

"Oh, right."

He then turned to He Jing and said, "I've found out some inside information. If you have time, please pass it on to Junior Brother Zhang."

"what news?"

He Jing cheered herself up.

Tao Yuang glanced around and lowered his voice, saying, "His plans for Haitong Foods a few days ago may have fallen through with Yijing Optoelectronics."

(End of this chapter)