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

Chapter 198 Moon Peak VS. Group Bulls, "Soaring Clouds" Enter a State of Full Opposition

As 3 p.m. approached, the A-share market quietly closed on August 10.

The Shanghai Composite Index experienced several unusual market movements throughout the day, including a surge followed by a pullback and a late-day rally, ultimately closing at 3249.76, down 0.34%, with a trading volume of 1530.97 billion yuan, a decrease of more than 300 billion yuan compared to the previous trading day.

The Shenzhen Component Index also saw a decrease in trading volume, with a total turnover of 776.78 billion yuan, a decrease of 164 billion yuan compared to 94 billion yuan on August 7. It ultimately fell slightly by 0.01% to close at 12973.65 points.

In just four trading days, the trading volume of A-shares decreased from 3633 billion yuan to 2307.75 billion yuan, a reduction of 130 billion yuan.

A sharp drop on low trading volume indicates positive market sentiment, with many retail investors believing it's a shakeout and unwilling to sell their shares.

There are countless stock market indicators, but the only truly simple and effective reference indicator is market trading volume.

How important is trading volume?
Trading volume means that there are stock transactions.

If a market has no trading volume, it means that trading is not active. Investing in an inactive market is like fishing in a stinking ditch. You may catch some fish, but the catch will definitely not be as good as in a normally flowing pond.

As for the essence of trading volume, it is the difference in opinions among stock investors. Some people want to sell, and some people want to buy. This difference will widen as the price fluctuations increase.

If a market is in a rapid downward trend but the trading volume does not increase, it means that most retail investors have not yet reached a consensus. Given that the stock market is a game between "sheep and wolves" where only a few people will profit, one must consider whether to seize the opportunity of a rebound to exit the market.

After both major indices closed lower, Zhang Yang's online reputation improved slightly.

[Tears of the North Star]: The late-day rally is either a sign of foul play or theft. Could it be that Joker was right after all, and today is just a continuation of the downtrend?

[Super Big Guy]: The trading volume is still shrinking, with the total volume of the two markets falling below 2500 billion. Although I am a fan of Teacher Da Xiao, I really think we should listen to the great Joker this time.

[Li Yunlong's Second Battalion Commander]: The continuous decline in trading volume suggests that unless a massive 4000 billion yuan in trading volume occurs tomorrow to release the trapped investors above, the top of the market may have already formed.

[Stock Trading is Awesome]: What are you babbling about? Didn't you see the lower shadow line? This is clearly a recovery, don't be too pessimistic. I'm already fully invested and waiting to make a fortune tomorrow!
Unlike Zhang Yang, whose reputation has improved, Li Daxiao, who proclaimed himself an "unyielding bull," has seen his online reputation waver slightly.

[Yi Xiao Qing Cheng]: Teacher Da Xiao, are we really trapped?

[Chuanbei Loquat Syrup]: It's fallen for four consecutive days, Mr. Da Xiao, say something, Mr. Da Xiao, is the bull market in China still going?

[I will definitely marry Li Daxiao in this lifetime]: I lost 19 yuan in four trading days. Teacher Daxiao, please tell me the truth. Is our bull market still going strong?

[Bad Guy A-Jie]: Teacher Da Xiao, we almost hit 3200 points today. If Niu isn't here, please let me know. I've invested all 100 million yuan from selling my house into the stock market.

Stock market investors are pragmatic and hard to fool. After all, whether someone has the ability to succeed can be determined by observing the A-share market trend tomorrow.

Sitting in his private office at Yingda Securities, dressed in a dark blue suit and red tie, Li Daxiao took in all the online comments.

Did we get the trend wrong?

He was questioning himself.

Li Daxiao's reason for calling himself an "unyielding ox" is that he feels the country has to spend two or three months making dumplings just for a dish of vinegar.

why would you say so?

According to inside information he obtained, a large number of companies will be going public soon, including not only Everbright Securities and Huaguo Zhongzhi, but also a number of companies listed on the SME board.

With companies planning to list on the main board and SME board, and the ChiNext board set to open in October, Li Daxiao believes it's impossible for the market to fall. The government will definitely maintain market stability, and even if the market does fall, it will have to wait until the ChiNext board is established.

Following this logic, Li Daxiao believes that this is not the top, but a temporary bottom, which is a temporary bottom deliberately created by the national team in order to increase the profit-making effect.

"Yes, it's the bottom!"

After sorting out his thoughts, Li Daxiao immediately set up his filming equipment.

"drop--"

Video recording has begun.

[On this beautiful Monday, the Shanghai Composite Index closed slightly lower, currently at 3249.76, with trading volume shrinking by about 200 billion yuan. Many investors may be panicking, thinking that a decline on low volume indicates further downside. But Teacher Da Xiao tells everyone not to panic, hehe, the bull market in China's stock market is still going strong, and 3478 points is definitely not the top. This is just a temporary bottom to cool things down after a hot day!]
[Comrades, a bull market that pulls back is a rare opportunity; let's not let regret become the norm. As long as the 30-day moving average isn't broken, we don't need to panic. Low volume during a decline indicates that we retail investors remain bullish. As the saying goes, a single chopstick is easily broken, but a bundle of chopsticks is not. Many hands make light work; let's firmly embrace this bull market!]
[Go, team up, bulls!!!]
At this moment, Li Daxiao has become the most steadfast and difficult-to-remove bullish holdout in the market.

In his view, in the next two or three months, a large number of companies will go public to raise funds, and the Growth Enterprise Market (GEM) will be established. The government will not allow the market to fall, and even if it does not boost the market, it will never let the market fall below 3000 points.

Why do you say it won't fall below 3000 points?
3000 points is the equilibrium point for A-shares.

It's like the 50-point threshold for the manufacturing PMI, indicating economic contraction. A drop below 50 indicates economic contraction, while a rise above 50 indicates economic prosperity. 3000 points is the same threshold for the A-share market.

When Li Daxiao shouted "group up and be bullish," Zhang Yang did not remain silent. Instead, he posted a "moon top" message through the Joker Speculative Investment Channel.

[On August 10th, A-shares continued their decline with shrinking trading volume, halving from the record high of July 29th. This is a very alarming situation. To describe the area above 3249 points, it's like a bunch of hanged ghosts staring intently at retail investors who haven't yet entered the market. Never fight the trend. Earnings are a mild, slow-acting medicine, while sentiment is a powerful aphrodisiac. The average price-to-earnings ratio of A-shares has already broken through the sky, reaching the moon. Without earnings, sentiment alone cannot sustain a long-term upward trend.]
[A lunar top has formed. Be aware of the risks. For those who follow trends, move with volume and price. August 10, 2009. Joker.]
"Snapped--"

A bearish post was published.

Zhang Yang had no intention of standing against Li Daxiao, but the two sides had different positions, different points of contention, and different interests, which forced him to stand against Li Daxiao.

In just a moment, the post's views exceeded a thousand, and Caiyan.com's "traffic boosters" also exerted their efforts across all online platforms.

"Another Controversy Erupts! Joker's Moon Top vs. Li Daxiao's Bullish Strategy: Who is the Leading Indicator of Trends? Let's Wait and See!"

"The renowned stock market guru Joker is bearish on A-shares again; his 'moon top' comment goes viral online. Will his prediction be validated on August 11th?"

"A single chopstick is hard to break; Li Daxiao is bullish on A-shares again. Can the 'group-buying bull market' reverse the downward trend?"

Zhang Yang, founder of Caiyan.com and known as the "Air Force Commander," maintains his bearish stance. Has the A-share market truly reached its peak? Let's hear the analysis from this veteran stock market investor of ten years and a witness to two stock market crashes!

It has to be said that riding the wave of trending topics is definitely the fastest way to gain followers.

Just after Zhang Yang shouted "Earth's Peak" and "Moon's Peak" in succession, the number of followers of Joker's investment channel reached 7, a surge of 6 in two days, and is about to surpass Liao Guopei's "Zen City Shadowless Kick" investment channel.

Currently, the speculative trading channel on Caiyan.com has only a dozen or so speculative traders registered.

Even though top speculative investors like Xu Xiang, Zhang Jianping, and Qiu Baoyu didn't join, Caiyan.com still set up channels for them, essentially providing their followers with an internal communication community.

The channel with the most posts is the "Fuchun Road" channel, which has only 2 followers but more than 30 posts, far exceeding the channels of Xu Xiang, Zhang Jianping, and Qiu Baoyu.

Why are there so many posts?

The reason is simple: other speculative trading channels discuss the stock market and speculative trading, but the Fuchun Road speculative trading channel is full of abusive posts, and no two posts are the same.

……

Zhang Yang's high-profile bearish pronouncements on his own website not only attracted the attention of peers such as Eastmoney, iFinD, and Sina Finance, but also drew the attention of relevant departments.

After seeing Zhang Yang's radical and bearish comments, a staff member of the China Securities Regulatory Commission (CSRC) collected the information as usual and did not rush to submit it.

It's not that shorting A-shares is forbidden, the main thing is whether the red line has been crossed.

Many institutions were bearish on A-shares in June. For example, market analysts from China Asset Management, Haitong Securities, and China Merchants Securities believed that the resumption of IPOs in July would cause a liquidity crisis in the market, ultimately leading to a market crash.

In summary, it's okay to be bullish without thinking, but you absolutely cannot be bearish without thinking, and you certainly can't use rumors to spread rumors.

Thanks to the rapid spread of information on the internet, Zhang Yang's bearish remarks reached Xu Xiang's ears. He looked at Ma Xinqi in disbelief and said, "Is that kid Zhang Yang really that bold?"

"He directly mentioned the A-share market's price-to-earnings ratio, but I think what he said makes a lot of sense. For those who follow trends, it's all about moving in tandem with volume and price."

Ma Xinqi responded.

"Trend-following, moving in tandem with volume and price? Is he really trying to teach retail investors how to trade stocks?" Shu Yimin joked with a smile.

"Come on, most retail investors don't even have the eye to judge trends; they're just a bunch of gamblers," Sun Guodong said with disdain.

It's not that he looks down on retail investors, but that the vast majority of retail investors genuinely don't understand trends and the relationship between volume and price; he was just stating the truth.

Upon hearing Sun Guodong call retail investors gamblers, Xu Haiou couldn't help but laugh out loud, and cautioned, "Haha, Brother Sun, you'd better tone it down. Just tell us, don't spread it around."

"That's for sure, I don't want to become another Fuchun Road."

Sun Guodong responded with a smile.

If speculative funds want to create a major upward trend, they still need the support of retail investors. If they make their reputation as bad as "Fuchun Road," no retail investors will be willing to follow them.

Without retail investors following suit and taking over the shares, who will these speculative funds profit from?
"Hey!"

Upon hearing this, Xu Haiou thought of something and asked for confirmation, "I heard that Fuchun Road was buried by retail investors, is that true?"

He has been in Ningbo during this period, maintaining relationships with big names in various fields, and has had little time to pay attention to the stock market.

"It's buried. It's in Haitong Foods. Today is its fourth consecutive day of limit-up trading, right?" Shu Yimin asked, somewhat uncertainly.

"If he hadn't bought more shares after four consecutive limit-up days, he would have lost about 37%, a third of his money," Sun Guodong responded.

"Fuchun Road has the technology and methods, but it still lacks in terms of interpersonal relationships."

Xu Xiang's sharp commentary.

In his view, a top-notch speculative investor not only needs superb "hunting skills" but also needs to know how to disguise himself.

Like a wolf infiltrating a flock of sheep, to avoid causing a disturbance, it must disguise itself; this is what is often referred to as a wolf in sheep's clothing.

"It's all thanks to our Grand Master that we're so awesome. He's been ripping off retail investors for over a decade, and his reputation hasn't declined but rather improved," Shu Yimin laughed heartily.

"He's just a military general, haha." Ma Xinqi chimed in with a joke.

The core members of the Ningbo Limit-Up Daredevil Team were chatting idly, with laughter occasionally breaking out, like brothers joking and teasing each other.

Just then, Shu Yimin, looking at Zhang Yang's post, started the conversation again, saying, "Speaking of which, is it really okay for Zhang Yang to be so bearish on A-shares? I heard that Li Daxiao was summoned by relevant departments two years ago for being bearish on A-shares, and then he started blindly raising stocks. Will Zhang Yang also be summoned for questioning?"

“Zhang Yang is a very meticulous person. He dares to publicly predict a downturn, so he must have his own support. I think it is most likely the network of connections he built up in college.”

Xu Xiang quickly analyzed.

Many people may not know that a university is not just a school; it is more like an intermediary institution, where intricate relationships serve as a springboard for transcending one's social class.

Why would someone donate money to their alma mater?
Are they really rich but have nowhere to spend their money?

Not also!

That's about building relationships.

Leaving aside universities, just considering secondary schools, a secondary school that has been established for decades is bound to produce a few outstanding individuals.

If you want to connect with them and donate some money to the school, the school leaders will naturally organize a meeting.

As for the university's network of connections, it goes without saying that lawmakers, financial market builders, and medical luminaries are all active in top universities.

Zhang Yang graduated from Shanghai University of Finance and Economics. Xu Xiang asserted that Zhang Yang must have been contacted beforehand, which is why he was so brazen in his online pronouncements about the A-share market.

Just as Xu Xiang guessed, because he was unsure of the red line for shorting A-shares, he specifically called Bao Xingwei. After in-depth communication with him, his bearish remarks became more aggressive, but always within limits.

……

The next day, February 8th.

As usual, Zhang Yang returned to the chairman's office of Caiyan.com, but unlike usual, he brought a man with him.

Of course.

Don't get me wrong, this man is Lin Ye.

Last Friday, I asked the other party to handle the application for name verification at the Administration for Industry and Commerce. The results came out yesterday afternoon: Shengtian Information and Shengtian Intelligence were both unavailable because they had already been registered. I could only use the company name Shengtian Think Tank.

Zhang Yang didn't care about this, because he would integrate the company later. The current "Shengtian Think Tank" would just be an independent intelligence department of the "Shengtian Group" in the future.

"Here are the required documents. Please check if anything is missing." Zhang Yang took the required documents out of the drawer of his office desk.

After carefully checking, Lin Ye quickly replied, "Everyone's here, Mr. Zhang. I won't disturb your work any longer. I'll go submit the registration now."

"Thanks for your hard work."

Zhang Yang simply offered a polite remark.

"It is my honor to serve General Manager Zhang." Lin Ye said this with conviction and righteous indignation, and it was clear that he was eager to advance his career.

Zhang Yang thought about it and realized that he did indeed need someone to run errands for him, but he didn't immediately offer him a job. Instead, he decided to observe the situation further.

After seeing Lin Ye off, Zhang Yang was left alone in the huge chairman's office.

Being alone is conducive to thinking, and at this moment he is selecting the leader of the "intelligence network".

Building an investment intelligence network involves the recruitment and arrangement of personnel. This person must have some understanding of the financial field and also have a general impression of listed companies and leading companies in various fields.

After much thought, it seems that only Liao Guopei and Lin Guangchang are suitable.

However, these two speculative investors should be placed in a more important trading team, rather than an investment intelligence gathering team.

In Zhang Yang's plan, Liao Guopei and Lin Guangchang were to take the lead, just like the "three musketeers" of the Ningbo limit-up daredevil team. They were responsible for trading, not intelligence gathering.

"It would be a waste of talent to put Wuyingjiao and Yangjia in the intelligence gathering team." Zhang Yang thought about it carefully again and suddenly thought of a few candidates.

He quickly opened QQ on his computer, then clicked on the pinned QQ group "308 Never Ends" and typed rapidly in the chat window.

[Zhang Yang]: What are you guys doing? @Chen Chuan @Wang Liu @Xu Jiafeng.

Next, he opened his QQ friend list at Shanghai University of Finance and Economics, found several classmates from the same year, and sent them messages. Since Liao Guopei and Lin Guangchang couldn't be wasted, he could only use classmates with formal finance training, and then, through a headhunting firm, first establish the company's basic framework.

Furthermore, with the financial research website as a front, it is perfectly reasonable to send people to collect insider information on listed companies without revealing Zhang Yang's true intentions.

Not a moment.

Chen Chuan was the first to reply.

[Chen Chuan]: What's wrong, dorm leader? I'm working like a dog at Golden Eagle Fund. Every day when I open my eyes, I have a ton of fund data to organize. I really want to find a rich woman to marry into my family.

Golden Eagle Fund Management Co., Ltd. was established in December 2002 and is headquartered in Guangzhou. It is one of the first batch of fund companies approved by the China Securities Regulatory Commission. As a non-bank-affiliated fund company, it has very limited resources in the industry.

However, with the booming development of the financial industry, the two major shareholders, Guangzhou Pharmaceutical Group and Midea Group, have invested more and more resources. At present, Golden Eagle Fund can be regarded as a mid-to-lower-tier public fund institution.

[Wang Liu]: You should just find a rich woman to marry into. Chuanzi, did you get hit on the head by the data and your IQ dropped by 100 times? Do you really think rich women aren't picky eaters?
[Chen Chuan]: I think I'm pretty handsome. Together with Li Ming, Niu Dehua, and Guo Fucheng, I'm one of the most handsome men in Asia.

[Xu Jiafeng]: Pfft, there's no mirror, but surely I need to pee, right? Or maybe I'm just feeling hot and a bit yellow, so I can't see my own reflection?

[Wang Liu]: @Zhang Yang, what's up, dorm leader? I have to go out on business again later, so I might not be able to reply to your message in time.

Because he works at a securities brokerage, he has a monthly quota for the number of accounts opened.

There are countless securities brokerage branches across the country. Waiting won't bring in many customers. In order to meet performance targets, in addition to posting online, going out to promote is also a good option.

Fortunately, the market was bullish recently, so Wang Liu easily passed the July assessment and was promoted to a permanent position. His salary reached 7000 yuan plus performance bonus, which amounted to about 8000 yuan a month.

In 2009, 8000 yuan was definitely considered a high-income income. After working for a few years, buying a house and a car would not be a problem at all.

However, Wang Liu's family was well-off. He worked at the securities brokerage only to accumulate grassroots experience so that he could eventually be promoted to a leadership position through connections.

[Zhang Yang]: I'm planning to start an investment intelligence gathering company, and I was thinking of asking if you would like to come and be senior executives of the company.

[Wang Liu]: ? ? ?
[Xu Jiafeng]: What the hell, intelligence gathering?
[Chen Chuan]: Since the dormitory head has personally invited me, then I, a one-in-a-million intelligence gathering talent with an elegant demeanor, will reluctantly submit to your command.

[Zhang Yang]: I am serious. I will provide guidance in the initial stage, but later this company will operate independently and serve Caiyan.com.

[Chen Chuan]: Look into my eyes, I'm very serious too. Dorm leader, wait for me, I'll fly back to Shanghai right away to meet you!

As a "cowherd," Chen Chuan was extremely serious.

Golden Eagle Fund is a prestigious public fund management institution that many finance students dream of attending, but the workload is simply too heavy, especially for interns, who are treated like animals.

Now that Zhang Yang is doing well, and he's willing to lend a hand, he'll naturally seize the opportunity.

[Xu Jiafeng]: I'll let it go, but Fengjiao just used her connections to get me promoted from intern to full-time, so it wouldn't be good to quit abruptly.

Because of connections, he got an internship at Galaxy Securities' Beijing headquarters, and his future prospects are limitless after he becomes a full-time employee.

In addition, since he was marrying into a wealthy family, he had little say in his career and basically followed the arrangements made by the woman's family, so he had no choice but to politely decline.

Wang Liu didn't reply to the message for a long time, and it was unclear whether he was out running business or still considering his options.

If we're talking about who has the strongest family background in dormitory 308, it has to be Wang Liu. Both his parents are business owners with an annual income of tens of millions, and he was already driving a BMW, Mercedes-Benz, and Audi in his freshman year.

[Zhang Yang]: Okay, you do a good job. If you have any inside information, just let us know. We will definitely not spread it around, haha.

[Xu Jiafeng]: Believe it or not, it really exists, but I'm not entirely sure if it's authentic.

[Chen Chuan]: Tell me quickly.

[Xu Jiafeng]: Some fund managers here say that the restructuring concept market is too hot right now, and there is too much insider trading. The management may stop approving mergers and acquisitions of listed companies to curb the insider trading trend.

[Xu Jiafeng]: I can't guarantee it's authentic.

[Chen Chuan]: Holy crap? If this is true, A-shares will continue to fall. Restructuring is currently the most important theme in the market.

Xu Jiafeng's "insider information" made Zhang Yang fall into deep thought.

Although unconfirmed, this may not be entirely unfounded, as asset restructuring does indeed present challenges for regulation.

For example, last night, the Hunan Securities Regulatory Bureau issued a case filing announcement stating that a senior executive surnamed Li of "Yuecheng Xingchang" was found to have illegally profited 363 million yuan through other people's securities accounts during the company's asset restructuring.

News like this is everywhere, especially after the IPO suspension in 2008. Almost every now and then, a corporate executive is exposed for alleged insider trading.

This is just what has been uncovered. The amount of insider trading that hasn't been uncovered could be dozens or even hundreds of times greater.

[Wang Liu]: Dorm leader, I've thought it over carefully, I'll work for you!
After careful consideration, Wang Liu decided to take the gamble.

Although his family is well-off, with his parents earning tens of millions a year and being prominent figures in Shanghai, they have been unable to advance any further over the years.

Human desires are limitless. When you earn 100,000 a year, you dream of earning a million. When you actually reach a million, you pursue tens of millions. This cycle repeats itself, with people constantly climbing higher.

Wang Liu didn't know if following Zhang Yang would lead to a successful future, but he was very clear that even if the business failed, he could use his family connections to find himself a good job or simply inherit the family business.

With his family's financial backing, he has much more room to experiment compared to Xu Jiafeng's "difficulty in making any progress".

Chen Chuan, on the other hand, had no choice. Staying at the Golden Eagle Fund, he might not even get ahead even after ten years, but following Zhang Yang, this academic genius, he might reach the pinnacle of life in a year and marry a rich and beautiful woman. After all, that man was the one who received a 5000 million yuan investment from Alibaba.

[Zhang Yang]: OK, you guys submit your resignations first. Once they're approved, we'll schedule a time to discuss how to gather intelligence.

[Wang Liu]: No problem.

[Chen Chuan]: I'm going to grab the bucket and run away right now.

After talking with his roommate, Zhang Yang checked the replies of other classmates, trying to bring them together to form a reliable circle.

As for intelligence gathering on potential domestic companies, it can be simple in some ways, but also somewhat complex in others.

This involves not only a series of operations such as fake onboarding, bribing company employees or executives, and staking out outside the premises, but also learning how to integrate information.

Take, for example, the previously hyped concept of shikimic acid. To find out a company's order volume in this area, one only needed to bribe the employees or supervisors in the production workshop to roughly deduce the order amount from the production structure.

Sometimes, don't underestimate a company's employees; the information they possess may be invaluable, but they just don't know how to use it.

What Zhang Yang needs to do now is to systematize the profit-making process in the capital market.

The insider intelligence team, risk assessment team, and trading team all invest according to a systematic standard.

Once the domestic layout is complete, Zhang Yang can use the Chinese capital market as a base to gradually take over the global capital market.

……

Finance meeting room.

As a passionate coffee lover, Lin Guangchang also got a set of latte art tools, giving the impression of turning a conference room into a coffee shop.

While Lin Guangchang was fiddling with coffee, Liao Guopei was somewhat puzzled and muttered to himself, "Could the guy who jumped off a building have really jumped? He hasn't even sent me a message yet."

"It's not that bad, it's only been four consecutive limit-up days."

Lin Guangchang said calmly.

If it were a 10-day winning streak, then it would indeed be possible to jump off a building, after all, the drop would be 65.13% at that time, and a loss of less than 40% would only be achieved with four consecutive winning streaks, so there's no reason to jump off a building.

"Should I send him a message and ask if he's still online?"

Liao Guopei sought opinions.

"Go ahead and ask," Lin Guangchang shrugged.

"Let me ask." Liao Guopei opened Chen Sanrong's chat window and sent him a message: "Are you still there?"

1 minutes.

5 minutes.

10 minutes.

Chen Sanrong still hasn't replied to the message.

"He hasn't come back yet. Could he have really jumped?" Liao Guopei was getting restless and went to the Shenzhen Daily website to check the latest news.

At this moment, Zhang Yang, having finished arranging things, walked into the finance conference room. He looked at Liao Guopei, who seemed flustered, and asked, "What happened? Why do you seem so flustered?"

"The 'Shadowless Kick' sent a message to the guy who jumped off a building, but the other party didn't reply for a long time, so he thought the guy had jumped off a building," Lin Guangchang briefly summarized.

"correct."

Then, as if remembering something, he asked, "Joker, would you like a cup of coffee? These are civet coffee beans that were just flown back from overseas; they cost me quite a bit of money."

"Have a cup to try."

"I'll get it for you right away."

Zhang Yang then looked at Liao Guopei and said with a faint smile, "Don't think of the guy who jumped off the building as too fragile. If it weren't for the leveraged margin call, speculative investors wouldn't easily commit suicide by jumping off a building."

Those who can survive in the A-share market all possess a strong mentality.

Would someone jump off a building at the slightest setback?

impossible!

Only when there is no other way out will speculative capital choose to jump off a building.

"But this guy hasn't replied to any messages, and he hasn't said anything in the speculative investor group either. I really don't know what happened."

Liao Guopei wasn't concerned about Chen Sanrong, but rather afraid that if something happened to him, it would implicate him.

People are selfish. If you have absolutely no connection to someone, who cares if you jump off a building or not?

"He's probably busy, never mind."

Zhang Yang opened his laptop, glanced at the time in the lower left corner: 9:07 AM. The A-share market would reopen in 8 minutes.

"That's true." Liao Guopei stopped thinking about it and asked, "By the way, Haitong Foods, when do you plan to buy chips?"

"today."

Zhang Yang was resolute and decisive.

"Today?" Lin Guangchang, who was fiddling with coffee in the distance, was somewhat surprised and stopped what he was doing to ask, "Is there some inside information?"

"That's it."

Zhang Yang responded and said, "A friend of mine just said that the authorities may stop approving mergers and acquisitions of listed companies."

"Then aren't we doomed?" Liao Guopei's heart skipped a beat.

Their investment in Haitong Foods wasn't because they thought the company could turn its fortunes around, but because they saw the potential for Yijing Optoelectronics to become a shell company.

"Should we sell immediately after the price rises? But I feel like there's still no buying support."

Lin Guangchang was puzzled.

"This news may spread soon, but it is definitely not true. Don't worry, Yijing Optoelectronics will definitely be able to go public through a backdoor listing."

Zhang Yang resolutely blocked the railway.

When Xu Jiafeng revealed the inside information, Zhang Yang could immediately tell it was fake news, because he was a reincarnated person and knew that Yijing Optoelectronics would successfully acquire Haitong Foods through a reverse takeover.

Was Xu Jiafeng lying?

Not necessarily!
They spent four years together in college, so they could still see each other's true character.

The best explanation is that some malicious organizations want to manipulate the market and deliberately spread articles about asset restructuring.

Since this news originated from Galaxy Securities' headquarters in Yanjing, the chances of it spreading online are virtually limitless.

Of course. Regardless of whether this market news is true or false, or whether it has gained traction, Zhang Yang will choose to intervene today and slowly find the bottom of Haitong Foods.

"Your coffee."

Lin Guangchang handed over the coffee.

"Thank you."

Zhang Yang thanked him.

After the three of them sat down, it was already 9:15. The Singapore FTSE China A50 Index futures were extremely sensitive. The moment the Shanghai Composite Index jumped, it was the first to turn red, showing a V-shaped upward trend.

In contrast, both major A-share indices showed positive growth.

The banking sector, comprised of several leading banks including China Construction Bank, Industrial and Commercial Bank of China, Huaguo Bank, and Agricultural Bank of China, saw a collective rise, which also boosted the securities sector.

When Li Daxiao, who was far away at Yingda Securities, saw the red candlesticks, his heart, which had been hanging in suspense, eased slightly. He muttered to himself, "Banks and securities are both in the red. It seems that I am still a cut above the rest."

(End of this chapter)