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

Chapter 196 The Pig That Fell From the Crowd: Zhang Yang's "Borrowing Capital to Create More Capital"

Cixi, Jiangsu and Zhejiang.

Haitong Foods Headquarters Plant Area.

Conference room in the administration building.

As members of Yijing Optoelectronics' negotiation team left one after another, Haitong Foods' headquarters staff instantly split into two factions.

"What exactly do you want? This is the sixth round of negotiations. Yijing Optoelectronics has lowered its offer from 36 billion to 30 billion. If this drags on any longer, the price will only go lower and lower. The A-share market is no longer the A-share market of 2008. It's 2009 now. IPOs have been restarted, do you understand?!"

A middle-aged man, around forty years old, wearing a loose white shirt and with slightly uneven eyes, couldn't help but slam his fist on the table.

From December 2008 to August 2009, a span of nine months, the asking price for the backdoor listing was reduced from 36 billion to 3 billion. Yu Jinzhong couldn't hold back any longer and angrily denounced the group of "conservatives".

With a receding hairline and a smooth forehead like a mirror, Meng Xingwen, vice president of Haitong Foods, threw his ballpoint pen onto the table and glared angrily, saying, "What do you mean by 'what do we want to do'? What we want is for Haitong Foods to get through this crisis intact and smoothly."

"Get through it? Mr. Meng, you make it sound so easy." Meng Xingwen had barely finished speaking when someone else retorted, "Even though the company has made business adjustments, exports still account for more than 60%."

"Leaving aside the global economic environment, just considering the impact of the melamine incident, Japan seized our canned vegetables and inspected them repeatedly. After finally getting them into Japan, our partners returned them all due to delayed delivery."

"The price of green peas has jumped 32% compared to last month, and the price of asparagus has soared to double that of the same period last year due to flooding in the Shandong production area. How do you plan to get through this, Mr. Meng?"

The current predicament faced by Haitong Foods is not only the shrinking international market, but also the successive breaches of contracts by its partners.

Why did they break the contract?

They do not trust Chinese food products.

To the untrained eye, the melamine scandal may seem to only involve milk powder, but in reality, it affected much more than just milk powder; it damaged the reputation of food products across China.

The unfavorable global economic environment, the impact of the melamine scandal, and rising raw material prices are the external challenges currently facing Haitong Foods.

It's not just Haitong Foods; almost all Chinese ready-to-eat food companies that rely on exports are currently facing the brink of bankruptcy.

Some might argue that since exports are hampered, the domestic market can be used to clear inventory and reduce production capacity, which can then be increased once the global economy recovers.

The problem is that most Chinese people don't have the habit of eating canned food.

Apart from a few canned foods such as canned yellow peaches, canned dace with fermented black beans, and eight-treasure porridge, I've never heard of anyone eating canned vegetables or canned meat.

Europeans and Americans can open canned vegetables and meat to entertain guests, but if Chinese people open canned food to entertain guests, it's no exaggeration to say that the guests will probably turn around and leave, or at least have a black face the whole time, and sever ties after eating.

Cultural differences meant that canned goods could not revitalize the domestic market.

Meng Xingwen was not intimidated, but began to tell a story: "Melamine and rising raw material prices are all paper tigers. No matter how difficult things are now, can they be more difficult than we were back then?"

“Back then, our cold storage plant was dirt poor. It was me, Lao Meng, and a few old employees who went door to door to sell our products and run around to different places to open up the sales channels for the company.”

"As long as foreign customers see the quality of our canned goods, all difficulties will be resolved. We must never give in to difficulties!"

Yu Jinzhong was speechless for a moment, then sighed and said, "Things are different now, President Meng. Do you know how many food companies there are in the country now? They're as numerous as hairs on a cow, more numerous than the stars in the sky. This is no longer the 1980s!"

With both sides sticking to their own versions of events and arguing endlessly, Chen Hailong closed his eyes.

He is the CEO of Haitong Foods. In 1985, Chen Hailong and four partners established Cixi Frozen Foods, focusing on the production of quick-frozen vegetables.

In 1992, Cixi Frozen Food Plant was renamed Cixi Frozen Food Corporation. In 1997, it was restructured into Cixi Haitong Food Co., Ltd., and in 1998, it was upgraded to Jiangsu-Zhejiang Haitong Food Group, forming a business system with fruit and vegetable processing as its core.

Established as a joint-stock company in 2000, it was listed on the Shanghai Stock Exchange in January 2003, becoming a national key leading enterprise in agricultural industrialization. In the same year, it established a postdoctoral research station and cooperated with universities such as Jiangnan University to promote the upgrading of technologies such as quick-freezing, dehydration, and canning, and developed the "Kayizhi" series of brands.

After its listing, Haitong Foods expanded its production scale by raising funds from the secondary market and taking advantage of China's accession to the WTO. Production lines worth tens of millions of yuan were set up in no time, and the variety of products also increased.

Looking back at its development history, we can see that it is a very typical "opportunity of the times" enterprise, which has almost benefited from all the dividends of the country's period of rapid development.

From the reform and opening up, to enterprise restructuring, to listing and raising funds, to expanding production capacity, and just in time for China's accession to the WTO, international orders poured in like snowflakes.

Someone once said: "If you stand in the right place at the right time, even a pig can take off."

As some have said, the higher you fly, the harder you fall.

Haitong Foods is like a pig that got caught in the wind; the subprime mortgage crisis that swept the world in 2007 caused it to plummet.

Even though Chen Hailong has adjusted the strategic deployment in time, Haitong Foods still relies on exports for as much as 60% of its revenue.

As if things weren't going to go wrong, just as the high-level factions were arguing endlessly and Chen Hailong was reviewing the history of Haitong Foods' development with his eyes closed, his secretary Shi Liqiu knocked on the door frame of the conference room.

"咚咚-"

"Mr. Chen."

Shi Liqiu's appearance instantly silenced the conference room.

Chen Hailong reopened his eyes and looked at the other person, asking, "What is it?"

“An email from Suzuki Trading Company.” Shirley’s voice trembled, and she didn’t continue.

Chen Hailong noticed Shi Liqiu's unusual behavior, then stood up and said, "Meeting adjourned. If we can't reach an agreement, we'll talk about it next time. Go back to your posts."

All of a sudden.

Both sides stood up.

As the sixth backdoor listing meeting concluded, Chen Hailong immediately went to the chairman's office with Shi Liqiu and asked, "What was the content of the email?"

“Japan has introduced a new policy to protect domestic agricultural products, and then our frozen vegetables were found to be substandard. Suzuki Corporation is demanding that we return the deposit we have already paid.”

"..."

Chen Hailong's heart sank suddenly. The cancellation notice from Japan's largest customer was like an ice pick piercing his heart.

He had originally planned to rely on bank loans to take a gamble and burn through Haitong Foods' last remaining funds, but now he had to consider agreeing to all of Yijing Optoelectronics' conditions.

Selling a listed company for 30 billion yuan seems like a good deal, but it means losing the right to raise funds in the secondary market.

Chen Hailong doesn't invest in stocks, but he knows that IPOs are gradually becoming more restrictive and listing is becoming increasingly difficult.

Previously, if a domestic company wanted to list on the A-share market, it only needed to have certain potential and find a local sponsor to do so.

Local sponsorship is no longer effective; the China Securities Regulatory Commission (CSRC) has its own evaluation criteria. This is precisely why Chen Hailong is unwilling to give up the listed company shell of Haitong Foods.

However, given the current situation, it seems he has no choice.

……

Time flies, and the sun and moon alternate.

On the night of November 8th.

Peninsula Hotel.

Since the hotel is not yet open to the public, the outside is deserted, but inside, in the magnificent VIP rooms, a group of well-dressed men and women are clinking glasses and exchanging toasts.

"Mr. Zhang is truly a young man of great talent. When I was your age, well, let's not even talk about it. I was just a good-for-nothing who was just wasting my time."

"I toast to you, Mr. Zhang, wishing you great success and prosperity."

"Thank you, Mr. Ma."

"Mr. Zhang, I'd also like to raise a glass to you, wishing Caiyan.com a prosperous and thriving future."

"you are welcome."

At the dinner table, Zhang Yang, dressed in an ordinary T-shirt and sporting a side-swept hairstyle, became the star of this business dinner.

Liu Hua of Hongyue Group, Ma Junhui of Qiming Venture Partners, and several bosses from Qingyuan Chamber of Commerce took turns toasting Zhang Yang, while also offering compliments.

Despite his young age, Zhang Yang, as a reborn individual, possesses experience and abilities far exceeding those of everyone else in the private room, making it incredibly easy for him to handle this small situation.

After one round, Zhang Yang remained calm and composed, chatting and laughing with everyone.

Sitting next to Zhang Yang, a young woman in a burgundy dress with delicate features picked up her wine glass and said softly, "Judging from Mr. Zhang's age, he shouldn't be married yet, right? I wonder which woman is so lucky to be able to marry such an outstanding man as Mr. Zhang. She must have accumulated a lot of good karma in her past lives."

It is well known that business dinners cannot be without women, but this young woman in a burgundy dress is not a hostess, but rather the behind-the-scenes investor of the Peninsula Hotel, named Nie Shuang.

The fact that the other person could sit next to Zhang Yang clearly indicates that they enjoy a certain status within the industry.

Before Zhang Yang could speak, Nie Shuang boldly said, half-jokingly, "If I could marry President Zhang, my family's ancestral graves would probably be emitting auspicious smoke for two days."

"Sister Shuang, don't joke around. Whoever marries you will be incredibly lucky."

Zhang Yang said with a smile.

"Really?" Nie Shuang seemed incredulous.

Lying has no cost, and besides, Zhang Yang wasn't exactly lying. He nodded and said, "Of course, you're rich and beautiful. If Sister Shuang beckons, the men who want to marry you would probably line up from Shanghai to Hangzhou."

"So many men are lining up? Why don't you marry me, Mr. Zhang? I'll arrange for you to cut in line, and then we can talk about life."

"Oh, what bad luck, I just started dating a girlfriend, so I can't even cut in line."

"One more is fine, I don't mind."

As a woman in her early thirties, Nie Shuang spoke very boldly, and no one knew whether she was joking or serious.

However, when it comes to dinner parties, just listen to what they say; very little of it is true.

Seeing that Nie Shuang wasn't joking—after all, a woman in her thirties is as fierce as a tiger—and fearing that Zhang Yang might accidentally escalate the situation and delay their serious discussion, Liu Hua quickly turned to Ma Junhui and said, "By the way, Junhui, didn't you have something to discuss with Brother Zhang?"

"Yeah."

Ma Junhui immediately reacted and looked at Zhang Yang, saying, "Mr. Zhang, do you have a general outline of the 'lazy economy' you mentioned? Qiming Venture Partners really has ideas about it."

The change in the topic of conversation at the dinner party made Nie Shuang no longer flirtatious or flamboyant.

She could clearly sense that this young man had extraordinary self-control. Even when she rubbed her leg under the table to hint at him, he remained unmoved. He didn't seem like a young man in his early twenties at all; he seemed more like a seasoned veteran of the pleasure quarters.

Zhang Yang ignored Nie Shuang's actions and replied to Ma Junhui, "I've made the outline very clear: it's about improving life efficiency. If Mr. Ma wants to get involved, I can point out a few general directions."

"Please go ahead, Mr. Zhang."

Ma Junhui was on high alert, not daring to miss a single detail.

Nie Shuang, Liu Hua, and the other bosses of Qingyuan Chamber of Commerce, including the hostesses in the private room, all pricked up their ears, waiting for Zhang Yang to unravel the mystery.

“In-home housekeeping and repair services, as well as on-demand delivery, have very low entry barriers. With an investment of 50 to 60 million yuan, you can expect good results,” Zhang Yang explained simply.

What is instant delivery?

Ma Junhui became interested.

"Let me think about how to explain it." Zhang Yang thought carefully and explained in the simplest and most understandable language: "It's like Taobao in the city."

"Online shopping platforms such as Taobao, Dangdang, and JD.com cater to users nationwide. When cross-provincial shipping is involved, it often takes three or four days, or even a week."

"If we set up delivery stations in each district of the city and recruit enough delivery riders, we can earn a certain delivery fee by delivering food, medicine, or daily necessities to customers or storage points within one hour."

Although smartphones had not yet entered the Chinese market in 2009, WAP web pages specifically designed for feature phones were perfectly capable of enabling ordering.

Of course.

Zhang Yang's true intentions lie elsewhere.

He mentioned instant delivery only to get the ball rolling.

After simply mentioning the idea, Ma Junhui couldn't help but swallow hard, as if he had discovered a blue ocean market with huge untapped potential.

Not only Ma Junhui, Nie Shuang, and Liu Hua, but also several bosses from Qingyuan Chamber of Commerce, all showed a hint of surprise in their eyes at this moment. They had never thought of engaging in instant delivery.

"Then, how do we achieve this?" Ma Junhui asked impatiently, and quickly added, "For example, the setup of delivery stations and the number of delivery personnel recruited."

"Well," Zhang Yang smiled meaningfully, "it'll be a secret for now."

Doing business is like dating. If you tell the other party all your secrets right away, it won't be long before she finds you very boring.

Maintaining mystery and allowing the other person to constantly discover new things is essential for a lasting and intimate relationship.

The same applies to business negotiations; you should only tell half the story and leave the other party in suspense.

Ma Junhui paused, then asked in a different way, "I wonder how much money Mr. Zhang needs to get the instant delivery service on track?"

obviously.

He was genuinely tempted. Ma Yun became the richest man in Hangzhou through online shopping. If he could create a "knock-off version of Taobao," he wouldn't necessarily be the richest man in Hangzhou, but he should at least be the second richest, right?
“I don’t know what Mr. Ma means by ‘standard’. If it’s just about one city, 5000 million RMB would be enough. But if it’s Beijing, Shanghai, Guangzhou, Shenzhen, or all the first-tier cities, the amount of money required would be astronomical,” Zhang Yang replied neither humbly nor arrogantly.

Before Ma Junhui could speak, he added, "Compared to instant delivery, there is actually an even larger blue ocean market."

"!!!"

"!!!"

The people in the private room were startled again.

While it's true that young minds are sharp, they shouldn't be sharp to this extent, right?
The idea of ​​instant delivery had already impressed everyone present, but now there was an even bigger blue ocean market?
"What is it?" Liu Hua finally couldn't hold back any longer and hurriedly asked.

"This is something that cannot be said. If you really want to participate, I will set up a venture capital firm myself. You can invest and subscribe to shares. When the time is right, you will naturally know."

Zhang Yang remained calm and composed, his tone showing no sign of stage fright.

When he said that, everyone in the private room reacted. Nie Shuang, who was sitting next to Zhang Yang, squinted at Zhang Yang's profile and muttered to herself, "Using money from various insurance companies to establish his own venture capital firm? He's really bold and confident."

This also reveals a key piece of information: the blue ocean that Zhang Yang mentioned has already reached a certain scale, but they just haven't discovered it yet.

Liu Hua, Ma Junhui, and the boss of Qingyuan Chamber of Commerce exchanged a brief glance. They did not immediately agree to Zhang Yang's request. They needed to assess whether Zhang Yang could actually take their money and invest in the most promising sector.

……

After one dinner party, Zhang Yang had a second, third, and fourth dinner party, each involving insurance funds, private equity firms, and investors.

His rhetoric remained unchanged: he would first use "instant delivery" to intimidate people, then express his desire to establish a venture capital firm, have them invest in shares, and have Zhang Yang take charge of investing in the vast blue ocean market.

Shenzhen Capital Group, Sequoia Capital, SoftBank Ventures Asia, and other insurance institutions did not respond immediately, all stating that they needed to submit reports for risk assessment.

Gong Xu, a member of the Tujia ethnic group in Shanghai, was quite straightforward and willing to invest 2000 million yuan.

Over the course of two days, Zhang Yang attended no fewer than 10 dinners, meeting with all the venture capital firms, private equity funds, and investors he had met at the Economic Forum the previous week.

His purpose in borrowing money was very clear: to take control of the upstream companies in the smartphone industry before all other capital could.

Because in June, while no one in China was paying attention, Apple had already launched the 3s in the United States, a smartphone equipped with 3G network.

While the iPhone 3s wasn't as groundbreaking as the iPhone 4, it marked the beginning of the transition from feature phones to smartphones in China.

Brands like Chrysanthemum, ZTE, Coolpad, and Meizu all launched their own 3G network smartphones after Apple's 3G smartphones entered the Chinese market.

Zhang Yang has specifically researched this, and the prominent companies in the upstream of China's mobile phone supply chain are roughly AAC Technologies, Sunny Optical, Scirocco, O-Film, Luxshare Precision, and Desay Battery.

If he can control them, he will have the power to set domestic smartphone prices in the future.

Then, by leveraging upstream pricing power, they support a mobile phone company, further eroding the domestic smartphone market, and ultimately feed user traffic back to Caiyan.com, or Caiyan.com's securities or fund platform, forming a closed loop.

To gain control of upstream supply chain companies such as AAC Technologies, Sunny Optical, Scirocco, O-Film, Luxshare Precision, and Desay Battery, the required funds could be in the billions. This necessitates leveraging funds from other venture capital firms, which is one of the few shortcuts available.

However, the ostentatious "fundraising" behavior aroused the vigilance of many venture capitalists. Among them, Liu Xingzhou, general manager of Legend Capital Shanghai, immediately said disdainfully after learning the whole story: "A young punk like him, he probably wants to run away."

“I think so too. I heard these past few days that he has contacted a lot of insurance companies. He might run away abroad as soon as he gets the money.”

Manager Yin Yucheng echoed.

"Heh." Liu Xingzhou sneered, as if he had seen through Zhang Yang's tricks, and said, "Young people are just young people, their methods of making money are so childish."

"President Liu, you are truly wise; you could see through their true nature at a glance." Yin Yucheng gave a thumbs up, his face full of flattery.

Liu Xingzhou adjusted his gold-rimmed glasses with his index finger without saying a word, but his arrogant demeanor seemed to say: I've seen countless people, how could I be fooled by a mere kid?
Not only Legend Capital, but also foreign institutions such as Sequoia Capital and SoftBank Ventures Asia felt that Zhang Yang was at risk of running away with the money.

If Zhang Yang were to personally get involved, whether in developing instant delivery or in-home housekeeping services, they would likely receive an angel round of funding.

However, Zhang Yang did not start his own business. Instead, he used their money to invest in a blue ocean market. The key issue was that he didn't even have an "investment plan," which made the insurance funds feel that he was unreliable.

The insurance companies felt that Zhang Yang was unreliable, and Zhang Yang also distrusted them and wouldn't be foolish enough to hand over his chips.

If you write down all your ideas, someone can kick you out as soon as they feel they can go it alone.

That's why it's up to them whether they believe it or not. Zhang Yang wants to take shortcuts, but he doesn't want to tell others about them.

August 9th, late at night.

After attending his last dinner party, a slightly drunk Zhang Yang stumbled and opened the door to the Zhangjiang Talent Apartment.

He Jing, wearing a pink chiffon nightgown, was still watching TV on the sofa when she saw Zhang Yang walk in with unsteady steps and a drunken look on his face. She complained, "Why did you drink so much again?"

Despite complaining, she immediately got up and went to help Zhang Yang.

Just as she was helping Zhang Yang to the sofa and trying to get him to lie down, she suddenly heard Zhang Yang's teasing voice: "You've been fooled."

"what!"

A sensation like being electrocuted swept through He Jing's body, causing her to scream involuntarily.

Zhang Yang gently bit her earlobe, then reached down with his right hand. The electric shock from her sensory nerves instantly made He Jing go limp, like a rag doll at his mercy.

……

The next day, February 8th.

Building A, Changtai Plaza.

Financial Research Network office space.

As is customary, Zhang Yang convened the company's senior executives for this week's meeting, with the same purpose of summarizing last week's work and outlining this week's tasks.

"Snapped--"

Zhang Zetian closed the conference room door.

Sitting in the main seat, Zhang Yang glanced at the senior executives and looked at Dai Shuhan from the marketing department, saying, "Let's start with the marketing department and have them report on last week's work."

"Okay, Mr. Zhang." Dai Shuhan quickly opened the file on the desktop and read out its contents: "Currently, the website's user growth is stable. As of 8 a.m. this morning, the number of registered users has reached 72, with 3221 new paying members in two days. The conversion rate has decreased slightly."

"The average daily number of visitors over the weekend remained at 16, and the forecast for the trading day is that the total number of visitors will be around 26."

"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."

After giving a brief overview of the data, Dai Shuhan's expression turned serious, and he said, "President Zhang, there's something I'm not sure if I should say."

Zhang Yang: "Speak."

With permission, Dai Shuhan said with a worried look, "Now not only is Tonghuashun offering free services, but Eastmoney, Tencent Finance, and Sina Finance have also launched free memberships, which are given away for signing in. Our paid membership rate is getting lower and lower. If we don't take action, we may be eliminated by the industry."

“Mr. Zhang, I also have something to say,” said Tang Yuanhang, the business manager.

Zhang Yang: "Go ahead."

"Eastmoney has lowered its advertising rates by about 50%, and several clients who were originally interested in cooperating with us have backed out. Do you think we should also lower our prices appropriately?"

Before Zhang Yang could respond, Wu Zheng, a top hacker recruited from the Red Alliance, frowned and said, "The network security of Caiyan.com is too weak, and its bandwidth is often fully occupied. Although it won't cause the website to crash, it will affect users' access."

As each executive recounted their experiences, Zhang Yang couldn't help but admire those competitors; they were willing to go to any lengths to destroy Caiyan.com.

Free membership.

Advertising prices have been reduced.

Hidden bandwidth usage.

Under various pressures, Zhang Yang made up his mind and looked at Xu Zhirou, who remained silent, and said, "I will use my image to anchor Caiyan.com."

"receive."

Xu Zhirou responded quickly.

Since its competitors are offering free services and lowering advertising fees in an attempt to cripple Caiyan.com's revenue streams, he has no choice but to sacrifice his image and use "Joker God" to anchor Caiyan.com's professionalism, transforming it into a high-end financial website.

He had concerns that the exposure of the Fuchun Road vest might implicate Caiyan.com.

However, as his relationship with Liu Hua grows closer, if the investigation really leads to Zhang Yang, Liu Hua's Hongyue Investment will also be held responsible.

“Listen to her instructions. If you encounter any problems that you can’t solve, inform my assistant,” Zhang Yang said, glancing at Zhang Zetian.

"Okay, Mr. Zhang."

"Received, Mr. Zhang."

After chatting for another ten minutes or so, this week's morning meeting quietly came to an end.

With Zhang Yang's permission, Xu Zhirou immediately went to the marketing department and found Zhu Hong, the department head in charge of traffic generation and exposure creation, and said: "Have the promoters create hype across the entire internet. Joker, the god, is strongly bearish on A-shares. Be as high-profile as you want!"

"The Joker god isn't us..."

"Just do as instructed."

"Ok."

Xu Zhirou then moved between several departments to direct website traffic towards content related to "joker," and on other platforms, a large number of media accounts began discussing Joker and Li Daxiao.

"A-shares fall for three consecutive days, with a drop of over 7%. Can the 'Flying Commander Joker' continue his predictions and crush the 'Bull Governor' Li Daxiao?"

The A-share market is about to open on August 10th. The renowned analyst Joker accurately predicted short-term risks. Will a reversal be possible this week? Let's wait and see!

Shocking! Zhang Yang, founder of Caiyan.com, once again expresses bearish views; will A-shares continue to fall?

A barrage of messages from self-media outlets flooded the internet, their blatant bearish views instantly provoking widespread discontent among retail investors.

[Objective World]: Seriously? Still bearish? Don't you know there's big good news coming over the weekend? Our country's foreign exchange reserves have reached $2.42 trillion, which is more than enough to cope with the international financial crisis.

[Waiting for your hair to grow long enough to reach your waist]: The OECD has released a report saying that leading indicators for major global economies are showing signs of recovery, suggesting that the economic recession may be nearing its end. If the A-shares don't rise today, I'll eat shit!
[Wind Will Guide the Way]: The CEO of a financial website is publicly bearish. Could he have received some inside information? I heard from others that Joker is the guardian angel of retail investors.

[One punch blows up Fuchun Road]: I don't care about your divine powers or anything, being bearish on A-shares is a crime, and I've decided to cancel my Caiyan.com account!
Three consecutive days of decline have trapped a large number of retail investors. Zhang Yang's sudden bearish outlook has undoubtedly stung their fragile hearts.

However, online debates are pointless, and Zhang Yang wouldn't engage in them. He first glanced at the weekend news.

1. China's foreign exchange reserves reached US$2.42 trillion.

2. The United States held a hearing on the safeguard case concerning Chinese tire imports. The Chinese representative emphasized the harm of trade protectionism and called for resolving differences through dialogue.

3. The first Asian Energy Forum, themed on energy revolution growth and green cooperation, opened in Guangzhou, and the forum will be permanently located in Guangzhou.

4. The OECD (Organisation for Economic Co-operation and Development) released a report stating that leading indicators of major global economies are showing signs of recovery, with Asian countries recovering at a much faster pace than Europe and the United States.

It has to be said that this weekend was the quietest Zhang Yang had seen in the past six months, with no major positive news.

Of course, China's foreign exchange reserves reaching $2.42 trillion is a positive for the economy, but it is not enough to drive up A-shares.

"call--"

Zhang Yang took a deep breath, opened his "joker" speculative trading channel, and posted:
[After touching 3478.01 points, the market experienced a stepped decline with continuously shrinking trading volume, but no panic selling occurred. On August 7th, a 2.85% drop broke through the 20-day moving average support level, the MACD formed a death cross, the Fibonacci sequence is at a turning point, and the Gann regression line's steepness has only decreased by 0.2, remaining within a steep range. Judging from technical, capital, and sentiment factors, a short-term reversal in the A-share market is unlikely.]
The statement "There is no possibility of a reversal" stunned countless retail investors. It was the first time they had ever seen "Joker the God" be so aggressive and so bluntly bearish on the stock market.

Is this really the end?
Is it really going to fall further?
Retail investors are starting to diverge.

After completing all this, Zhang Yang left his office and headed to the finance conference room.

As soon as I opened the door, I saw Lin Guangchang fiddling with his coffee machine, while Liao Guopei was smiling and constantly typing on the keyboard.

"What's making you laugh so happily?"

Zhang Yang walked into the conference room.

Liao Guopei looked up and saw Zhang Yang. He couldn't help but share, "There's a woman on Tieba named Sister Feng who's still looking for a husband. It's hilarious. There are so many talented people on Tieba, hahaha."

"You care so much about her, but you're single too. Why don't you two make do?" Zhang Yang teased with a smile.

Liao Guopei: "You might as well kill me!"

"Joker, would you like a coffee?" Lin Guangchang greeted him.

"A cup of extract, please."

"OK!"

As the three chatted, time ticked by. At 9 o'clock sharp, the FTSE China A50 Index, listed in Singapore, turned green, and countless investors felt their hearts sink and began to pray.

However, as 9:15 arrived and the banking sector was the first to turn green, the prayers of millions, even tens of millions of investors were ultimately just wishful thinking.

The A-shares market has fallen again!
(End of this chapter)