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

Chapter 201: A-shares launch the battle to defend the 3000-point mark; the "Liu, Guan, and Zhang gang" gets their heads ripped off by institutional investors.
As Chen Sanrong chose to cut his losses, Haitong Foods' intraday trading volume exploded instantly, immediately attracting the attention of Zhang Yang, Liao Guopei, and Lin Guangchang.

"Someone has taken a loss."

"The number of unmatched lots increased by more than 20,000 in an instant. Some big players with 10,000 lots are going to cut their losses and leave."

"Shall we pay the bill?"

Liao Guopei and Lin Guangchang looked at Zhang Yang with questioning eyes. To be honest, they were actually quite unsure of themselves.

They have now invested a total of over 300 million yuan. Due to the halving of Haitong Foods' stock price, the more than 100 million yuan they invested earlier has already lost more than 50 million yuan. Moreover, if the stock price continues to fall to the daily limit today, the 200 million yuan they invested yesterday will likely lose about 11%, or 22 million yuan. The cumulative loss will exceed 70 million yuan, a level that Liao Guopei and Lin Guangchang have never reached before.

What does a loss of over 7000 million mean?
If someone wins a lottery ticket worth 10 yuan every day, they would need to win for 700 consecutive days, which is roughly two years.

Although Liao Guopei and Lin Guangchang knew that Zhang Yang wanted to create the illusion of "Fuchun Road" selling at a loss by using wash trading, the news that "the China Securities Regulatory Commission has stopped approving mergers and acquisitions of listed companies" continued to ferment, and many stocks with expectations of backdoor listing began to panic. Can this really continue to lure retail investors in and kill them?
The two had their doubts, but still chose to believe Zhang Yang.

Zhang Yang did not rush to respond, but instead opened the document to check their Haitong Foods holdings and cost prices.

Initially, Liao Guopei held 486.1 million shares of Haitong Foods stock, totaling 3500 million Chinese yuan, with a cost price of 7.2 yuan.

Lin Guangchang holds 260.8 million shares of Haitong Foods, totaling RMB 1800 million, with a cost price of RMB 6.9 per share.

Zhang Yang also holds 149.25 million shares of Haitong Foods, with a cost price of 6.7 yuan, totaling 1000 million yuan.

This is the stock they acquired in their first round of accumulation, totaling 896.15 million shares, with a total value of approximately 6300 million Chinese yuan. The three individuals have 4.5743 million yuan in remaining available funds.

The second round of accumulation occurred after Chen Sanrong went all in to build his position. Zhang Yang, Liao Guopei, and Lin Guangchang invested a total of 3000 million yuan to drive up the price, with an average cost of 8.67 yuan, and bought 346 million shares.

The third round of accumulation occurred on August 4th. During the pre-market auction, they used 9.8 million yuan to drive the price to the daily limit, with a cost price of 8 yuan, totaling 122.5 million shares. They then accumulated another 2 million shares at the daily limit, bringing the total to 322.5 million shares, for a total of 25.8 million yuan.

The fourth round of accumulation occurred yesterday, with 32 lots of sell orders at the daily limit down price of 4.73 yuan being snapped up, totaling 1.5136 million yuan. In addition, 4864 million yuan was used to purchase 984.61 million shares at an average cost of 4.94 yuan.

In other words, the "Liu, Guan and Zhang gang" currently holds 5749.26 million shares, with an average holding price of 5.55 yuan, and has 2.0163 million yuan in remaining available funds.

"Haitong Foods has a total share capital of 2.3 million shares, of which 1.65 million shares are actually tradable, accounting for 71.74% of the total share capital. We currently hold 5749.26 million shares, accounting for 34.9% of the tradable shares."

Zhang Yang muttered to himself.

It's worth mentioning that the 5% threshold for disclosure is calculated based on the total share capital. This means that their actual shareholding is 24.99%, which far exceeds the 5% threshold.

However, for speculative investors, avoiding being flagged for shareholding violations is the most basic skill.

In order to avoid triggering the disclosure threshold, Zhang Yang, Liao Guopei, and Lin Guangchang have used eight securities accounts, all of which were opened at the "Jiangzhe Huaxin Securities Fuchun Road Branch" using their family members' information.

It's also worth mentioning that the Dragon and Tiger List only calculates the buying and selling amounts of a single brokerage firm, and does not go down to the individual securities account.

It's easy for retail investors to get on the list of top-performing stocks: open an account at a brokerage firm commonly used by speculative investors, and then buy stocks on the same day as those speculative investors to "piggyback" on the list. However, this has no real effect.

After reviewing all the data, Zhang Yang looked at Liao Guopei and Lin Guangchang and said, "We have 5749.26 million shares, accounting for 34.9% of the circulating shares. If we acquire another 2.6 million shares, we will have 36.44% of the circulating shares, a one-third holding ratio. This is already at the mid-term control line. Even if the manipulator of Haitong Foods is an institution, they will have to think twice about whether we can turn the tables and force them out of the market."

"So, we're going to keep pushing it?" Lin Guangchang asked uncertainly.

"Wait until the market opens at 30, then test the waters with the institutions in the market. If they still try to take us down, we'll give up immediately and call in outside help."

Zhang Yang explained in a deep voice.

"What foreign aid?" Liao Guopei was taken aback.

"Could it be that you know the chairman of Haitong Foods, Joker? Or do you know their senior executives so you can use underhanded tactics?" Lin Guangchang's eyes lit up, his tone filled with excitement.

He clearly remembered that when Kainuo Technology and Meijin Group were intervened by Xu Xiang, Zhao Qiang and other speculative investors, Zhang Yang used an off-market tactic to get the listed companies to cooperate in the shakeout.

If Haitong Foods' management can cooperate in shaking out weak hands or driving up the price, it will be much easier for them to manipulate retail investors' sentiment.

why would you say so?

What should individual investors look for when trading stocks?
News!
With the cooperation of listed companies, a few positive news items can be released at will, and then Zhang Yang, Liao Guopei, and Lin Guangchang can simply switch seats, ensuring that retail investors will come in to take over the shares.

"No."

Zhang Yang first denied colluding with the listed company, then said in a deep voice: "The only thing that can make an institution submit is another institution."

"Could it be that……"

"You mean..."

Liao Guopei and Lin Guangchang showed visible surprise. Before they could finish speaking, Zhang Yang interrupted them, saying, "Alright, now that things have been done in secrecy, let's test the organization's attitude first."

"OK!"

"understand!"

Liao Guopei and Lin Guangchang are full of energy.

They were initially worried about whether the remaining 2 million yuan could be used to drive up the price. But since Zhang Yang has other institutions to back up his strategy, there's no problem. They can just test the waters and be done with it.

……

At 9:25, the opening auction ended.

Haitong Foods opened at the daily limit down of 4.26 yuan, with the "Liu Guan Zhang gang" already suffering a paper loss of more than 7000 million yuan.

In contrast, the Shanghai Composite Index and the Shenzhen Component Index both opened slightly lower, at 3255.99 and 13091.96 points respectively, representing a drop of 0.27% and 0.34%.

The market opened slightly lower, with the banking sector leading the decline, and retail investors' complaints about banks reaching their peak.

[Piggy Baby]: The banking sector opened lower again. I'm begging you, can't you just all be delisted? It's so annoying!
[County Town Brahman]: The banking sector is a black turd; every time there's a drop in prices or a market crash, you can see its massive sell orders.

[Are you happy eating candy?]: The banking sector is relatively resilient. If you don't believe me, look at the securities sector. It's rubbish. It has been falling for seven or eight consecutive trading days.

[Awe-inspiring]: Good heavens, even an industry leader like Huaxin Securities isn't holding up well. Can the A-share market really recover in a V-shaped recovery?
While retail investors were still complaining about the banking sector, Li Daxiao, far away at Yingda Securities, was being consulted by several colleagues.

"The opening auction is over, Mr. Da Xiao, what's your take on today's market?"

"Teacher Da Xiao, the market opened lower today. Is there a risk of further decline?"

"Will there be any cows today, Teacher Da Xiao?"

When asked by his colleagues, Li Daxiao coughed twice, cleared his throat, and said, "As I said yesterday, rainbows always appear after the storm. Without storms, how can there be rainbows? Don't worry, there's no problem. I believe in the Chinese stock market."

"It can still go up, right?"

"Can it continue to rise?"

A fund manager kept pressing for answers.

When asked whether the market would rise, Li Daxiao remained cautious, saying, "I can't be 100% sure it will rise, but it's highly likely. Don't worry, everyone, the Chinese stock market is experiencing an unprecedented super bull market."

"I'm relieved to hear that from Teacher Da Xiao. I won't disturb your work any longer. Talk to you later, Teacher Da Xiao."

"Let's have lunch together around lunchtime, Teacher Da Xiao. It's on me."

"Do you have time tonight, Teacher Da Xiao?"

"I'm available at noon and in the evening. Alright, alright, you guys go back now. Don't miss out on the market. We can talk about other things after get off work." Li Daxiao gave them the hint to leave.

Soon after, the fund managers left one after another, leaving only Li Daxiao in the office.

"Ding-ding-ding-ding-"

Just then, the landline phone on the table rang.

Li Daxiao picked up the receiver and introduced himself: "Li Daxiao, chief analyst of Yingda Securities. How can I help you?"

"Hey Da Xiao, this is Shui Pi. Is it a good time to buy A-shares if they open lower? Is it a good time to buy A-shares if they open lower?"

Upon hearing the familiar voice, Li Daxiao immediately straightened his posture and said, "Boss Shui, Boss Shui, don't worry, Rainbow Cow is here. Go ahead and make the deal."

Which sectors are better?

Shui Pi inquired.

Li Daxiao glanced at the computer screen and then said, "There are arbitrage opportunities in both oversold sectors and heavyweight index sectors."

Shui Pi: "Can we go into the bank?"

"Banks..." Li Daxiao glanced at the overall trend of the banking sector and chuckled, "No problem, Mr. Shui. We need to diversify our positions, be consistent, and proceed gradually. Do you understand what I mean, Mr. Shui?"

"Small quantities, multiple times, right?"

"Yes, it means small amounts multiple times."

"Okay, okay, I got it, Da Xiao. I'll treat you to a massage and singing when it goes up."

"I'm not very good at singing, Mr. Shui."

"If you don't sing, then touch me, hahaha."

Shui Pi let out a hearty laugh, and then he hung up the phone.

However, to everyone's surprise, the Shanghai Composite Index and the Shenzhen Component Index began to fall as soon as 9:30 a.m. was reached.

3254 points.

3241 points.

3229 points.

Notifications of unusual fund movements kept popping up in the notification bar.

[Stock Anomaly Alert]: Yanzhou Coal Mining saw a super sell order, amounting to 600 million.

[Stock Anomaly Alert]: Shenhuo Co., Ltd. has seen a super sell order, amounting to 700 million yuan.

[Stock Anomaly Alert]: A super sell order of 1200 million yuan appeared in Shaanxi Guotou A shares.

[Stock Anomaly Alert]: Zhongfu Industrial saw a massive sell order, amounting to 900 million.

The coal, securities, and non-ferrous metals sectors suddenly led the sell-off, leaving countless investors stunned. Before they could react, the Shanghai Composite Index had already fallen by more than 1%.

3217 points.

3205 points.

3194 points.

With the Shanghai Composite Index falling below 3200 points, it's not just the index level that's being breached, but also the confidence of retail investors.

[Big Head Dad]: Another stock market crash! I can't take it anymore. I'm selling everything and getting ready to soar over the Oriental Pearl Tower.

[Cantonese Charm]: Damn it, his mother has all the family property, is she really going to get back to 3000 points? This is worse than being a prostitute.

[Li Shenme Chuang]: It's still falling, it's really going to break 3100 points, damn it, what's the point of playing this game anymore, I'm decisively clearing out my positions and quitting.

[Little Sheep Who Doesn't Trade Stocks]: Charlie Munger once said that bottom-fishing is an art, and you have to be a lone wolf. Hehe, you guys are cutting your losses now, and I'll be buying the dip. Just call me the stock god.

Even after the index fell from 3478 points to 3400 points, investors still held onto great hope.

The drop from 3478 points to 3300 points was considered a normal correction by investors.

Despite the market falling from 3478 points to 3200 points, investors still hold onto hope.

But when the index fell below 3200 points and headed towards 3100 points, investors felt something was wrong. They thought it was heading towards 3000 points and that this might actually be a stock market crash!

Many retail investors began to panic, and the panic spread like a plague.

Sell!

Sell!

Sell!

The stock was being sold off like crazy!
Even the 10 o'clock press conference couldn't stop retail investors from selling off their shares, and various sectors continued to decline.

Just as panic was spreading wildly, an invisible hand suddenly intervened, and a large number of buy orders appeared in the banking sector.

[Stock Anomaly Alert]: Huaguo Bank saw a super buy order, amounting to 1000 million.

[Stock Anomaly Alert]: A super buy order of 900 million yuan appeared for China Construction Bank.

[Stock Anomaly Alert]: A super buy order of 1500 million yuan appeared for ICBC.

[Stock Anomaly Alert]: Agricultural Bank of China saw a super buy order, amounting to 1200 million.

3209 points.

3218 points.

3233 points.

The timely intervention of market-stabilizing funds curbed the panic among retail investors and stabilized the teetering market.

Experienced stock market investors know that government-backed market stabilization funds primarily aim to support prices without driving them up; it's impossible for them to lead the market rally.

After the index reached 3233 points, the banking sector completely cooled down, and the Shanghai Composite Index and Shenzhen Component Index began to fluctuate sideways.

……

And at the same time.

the other side.

Financial Research Network office space.

While the A-share market was embroiled in a battle between bulls and bears, Zhang Yang, Liao Guopei, and Lin Guangchang were not idle either, and began the first round of price testing.

“Sell 1 is 1700 lots, the stock price is 4.26 yuan, which is about 1.7 million. Sell 2, Sell 3 and Sell 4 together are only 4 lots. The higher up the order book, the fewer the orders. Spending 3000 to 4000 million yuan can definitely drive the price to the daily limit.”

Liao Guopei analyzed.

"Is it a test of the market with a limit-up move or multiple upward surges?" Lin Guangchang asked Zhang Yang.

There are generally two methods used by speculative investors to test the waters: ...

1. A violent surge to the daily limit.

With a large amount of capital, all sell orders are absorbed directly, and the price is locked at the limit up price as quickly as possible. Then, the growth rate of buy orders is checked.

If the growth rate is high, it indicates that retail investors are actively participating and eager to buy stocks at the limit up price.

At this point, experienced speculative investors will typically sell off some of their shares at the daily limit up price. They do this not to unload their holdings, but to allow some retail investors to enter the stock and follow suit. More ruthless speculative investors will even deliberately cause the stock to break through the limit up price, and then pull it back up to the limit up price themselves.

2. Multiple price increases.

The price reached its daily limit through three stages: rapid rise, gradual rise, and rapid rise again.

The general approach is to test the market's support level, the willingness of funds to follow suit, and the attitude of the major players through a sharp rise.

For example, if the stock price opens flat, the first round of upward movement can push it up to 5%-7%, and then no buying or selling action is taken, waiting for other funds in the stock to make a choice.

Suppose the price is pulled up by 5%, and other funds in the stock follow suit, pushing the price up to 6%. At this point, you can intervene to push the price up and achieve the limit-up.

However, if the stock price falls to 4% and continues to decline, it indicates that the funds in the stock are not eager to push it up. If they want to force a rise, they may have to withstand a large amount of selling pressure.

Regardless of the type of trial, it's essentially about soliciting opinions from existing investors.

A qualified and healthy main upward wave requires the ability to balance funds from all sides; only retail investors with this ability can be called speculative capital. Zhang Yang carefully observed the intraday chart, and after pondering for a while, he looked at Liao Guopei and Lin Guangchang and said, "Let's violently push the stock to the daily limit and see what the institutional investors' attitude is."

"it is good!"

"understand!"

Liao Guopei and Lin Guangchang responded, then quickly typed on their keyboards and sent out the limit-up orders.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 500 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 800 million yuan.

[Stock Anomaly Alert]: Haitong Foods saw a super buy order of 400 million yuan.

The sudden surge in unusual fund flows and the rapidly rising stock price immediately attracted the attention of many retail investors.

[Cola Doesn't Eat Ice]: More funds have jumped the price up again, good heavens, they're still not giving up, it must be that bastard on Fuchun Road!

[Loves Chocola]: Brothers who still have chips, smash Fuchun Road to death! Eliminate this scourge for the people! We absolutely cannot let this bastard come out alive!

[Sleepy Youth]: Yesterday, the attempt to prop up the road with 2 million yuan failed, and now they're spending tens of millions more to prop up the road. Fuchun Road, Fuchun Road, you can't escape our grasp. Just obediently get buried alive, hahaha!

[Little Sister Ao]: Waaaaah, thank you Fuchun Road seesaw, I managed to cut my losses and run away. Haitong Foods lost me 9000 yuan.

[I Am the Emperor]: Thank you my ass, Fuchun Road! If it weren't for this guy causing trouble, the stock price would have been over 10 yuan long ago!

[Raging Superman]: You're right, smash Fuchun Road to death!
从4.26元，拉回4.73水平线花了3200万，而从4.73拉到5.2元仅用了400万。

With an investment of 3600 million, the average purchase price was 4.49 yuan, and the number of shares was 801.78 million, or 8 lots.

The emergence of the "bottom-to-top" pattern has also attracted the attention of mutual fund managers.

[Yinhua Fund - Wang Hua]: The intraday trading volume of 8 lots must have cost at least 4000 million yuan. Is Fuchun Road trying to save itself again?
[E Fund Management - Lin Hai]: Fuchun Road is still not giving up and is trying to reverse course again. How much capital does he actually have left?
[China Asset Management - Qi Zhenbang]: There's no buying support below, bro, why are you even pushing it to the daily limit? Unbelievable, what an idiot!

Meanwhile, Su Jing, who was far away at Huitianfu Fund, looked at Ouyang Qinchun and Pang Sa with a solemn expression and asked, "Will Fuchun Road try to take over the position?"

"No, it's impossible, right?"

Ouyang Qinchun couldn't figure it out.

Pang Sa, who was standing to the side, thought about it carefully and said, "Fuchun Road has no reason to support the stock. Now retail investors are not buying into his scheme. Could it be that he knows some inside information?"

"!!!"

Pang Sa's words startled Su Jing, who suddenly realized, "It's possible, it really is possible."

"Ding-ding-ding-ding-"

The landline phone suddenly rang.

As soon as Su Jing picked up the receiver and put it to her ear, a deep and familiar male voice came from the other end of the phone. It was Lin Hai from E Fund Management.

"What's the situation now, Manager Su? The floor and ceiling panels have been pulled out. Should we follow suit?" Lin Hai cut to the chase without any preamble.

"We need to reconcile our intelligence in the group chat; we can no longer keep things hidden."

Su Jing answered very decisively.

After the two hung up the phone, Su Jing immediately opened the "Haitong Foods Exchange Group" and sent a text message: "I suspect that Fuchun Road has some inside information. Now we must study his motivation for raising the price. If anyone has any rumors or information about Haitong Foods, please speak up now and don't keep anything to yourself."

[Yinhua Fund - Wang Hua]: Possessing inside information? Impossible. If Fuchun Road really had any inside information, why would they need to resort to this bait-and-switch tactic? Wouldn't it be better to just manipulate the market directly?
[Bosera Funds - Yuan Yutang]: I've heard that there's been a serious internal disagreement at Haitong Foods, and I heard that the negotiation team from Yijing Optoelectronics has all returned to their own company.

[E Fund Management - Lin Hai]: So, the backdoor listing failed?
[Bosera Funds - Yuan Yutang]: I wouldn't say the backdoor listing failed, but in the short term, there shouldn't be any real progress.

[Fullgoal Fund - Kuang Yongrui]: I heard that Chen Hailong initially wanted to sell, but then Yijing Optoelectronics' negotiation team suddenly changed their minds and used the excuse that the IPO had restarted and shell resources were no longer scarce to lower the price, which led to the slow progress.

[China Asset Management - Qi Zhenbang]: So, does that mean Fuchun Road is still trying to save itself? Or is it testing the waters?

[Fullgoal Fund - Kuang Yongrui]: I don't know his purpose, but Haitong Foods and Yijing Optoelectronics will definitely not make any substantial progress in the short term.

After Kuang Yongrui dropped the bombshell, the other fund managers fell silent.

Although they were working together to control the market, each of them actually had their own selfish motives.

Kuang Yongrui only revealed the details of the negotiations between Haitong Foods and Yijing Optoelectronics at this point, intending to use other fund managers to precisely target "Fuchun Road" so that he could continue to quietly accumulate shares and obtain more profits.

[Huitianfu Fund - Su Jing]: Since that's the case, then there's nothing to worry about. Let's dump the money on him and see how much capital he still has.

[Bosera Funds - Yuan Yutang]: What to do if you're targeted by a speculator?
[E Fund Management - Lin Hai]: Fuchun Road's size is not very large, at most 6 million yuan. If they had more than 10 billion yuan, they would have stopped joking around with us and directly manipulated the market.

[China Asset Management - Qi Zhenbang]: You're right, the stock price hit the limit down again. He's probably testing the waters to see our attitude.

Since Haitong Foods just released its semi-annual financial report, four of its top ten shareholders are public funds, which is a very clear sign of institutional holdings.

When faced with institutional investors' stocks, speculative funds tend to follow suit and avoid conflicts easily.

When speculative capital and institutional investors clash, it is often the speculative capital that suffers, because the other party is simply too large, and their money is used like a game of chance.

No matter how much money speculators have, can they be richer than tens of thousands of individual investors combined?
Because of the disparity in the size of the funds, speculative funds tend to avoid the competition with institutional investors. When they are all in the same boat, institutional investors will choose the direction.

The two tentative price increases on "Fuchun Road" over two days led fund managers such as Su Jing, Kuang Yongrui, Yuan Yutang, and Qi Zhenbang to believe that the other party was seeking their opinions.

[Huitianfu Fund - Su Jing]: I'll smash him to the bottom line, let him back down, and give him face.

After the message was sent out, Su Jing looked at Ouyang Qinchun and Pang Sa and said, "Spend 500 million to push the stock price down to the 4.73 level."

"receive."

"clear."

As they responded, they threw out chips worth 500 million.

Originally priced at 5.14 yuan, the stock price, which had just hit its daily limit down, began to plummet rapidly.

4.99 yuan.

4.92 yuan.

4.83 yuan.

The selling pressure was only absorbed when the stock price reached 4.62 yuan.

Liao Guopei, who was on the same floor as Caiyan.com, saw this scene and immediately said, "It was hit in the head with precision, but the other party didn't hit it too hard. Maybe they just don't want to push the price up."

"If they don't want to push the price up, what are they after?" Lin Guangchang asked, puzzled.

Zhang Yang thought about it carefully and guessed, "It's currently a six-day losing streak, and there are only two more days left before it triggers the 'Serious Abnormal Stock Trading Announcement.' The other party may be waiting for Haitong Foods to release detailed information so that they can establish a bottom through information disclosure."

"Then should we follow the decline?"

Lin Guangchang asked again.

Liao Guopei looked serious and analyzed, "I feel that even if the 'Serious Abnormal Stock Trading Announcement' is triggered, they may not necessarily push the price up, because the reason for the current stock price decline is the Fuchun Road seat. Even if it really reaches eight consecutive limit-up days, they will most likely trade sideways and do T+0 trading."

"Makes sense."

Lin Guangchang nodded in agreement.

Zhang Yang, standing to the side, nodded slightly, agreeing with Liao Guopei's statement.

When speculative capital and institutional investors travel together, it is often the institutions that decide the direction.

If the other party doesn't want to push the price up, then they have reason to suspect that the institutions want to shake out weak hands with eight consecutive limit-up days and extract inside information from the listed company.

"If we had an organization to help us, we could choose a direction now."

Liao Guopei looked at Zhang Yang.

As Zhang Yang just mentioned, he has another organization to rely on, but it's unclear whether this organization can withstand the pressure.

Lin Guangchang also looked at Zhang Yang expectantly, wanting to know what the man was thinking.

10 seconds.

20 seconds.

30 seconds.

After careful consideration, Zhang Yang made a decision: "Since the other party doesn't want to push the price up, then we won't push it up either. We'll wait until we reach eight consecutive limit-up days before we settle things with them."

"A showdown?!"

"Are you really going to fight these organizations?!"

Liao Guopei and Lin Guangchang were both taken aback. Now they realized that Zhang Yang meant he didn't intend to trade sideways and would start making trouble once the stock hit eight consecutive limit-up days.

"Assuming what Wuyingjiao said is true, if they want eight consecutive limit-up days, we also need eight consecutive limit-up days. The 'Serious Abnormal Stock Trading Announcement' is a bottoming opportunity, but after eight consecutive limit-up days, whether it goes sideways or not is no longer up to them," Zhang Yang said in a deep voice.

As soon as those words were spoken, both Liao Guopei and Lin Guangchang swallowed hard.

Zhang Yang's current interpretation is that if the institutions pull back after eight consecutive limit-up days, both sides will be happy. However, if the market fluctuates, they will directly support the major shareholders and face selling pressure from the institutions.

They just spent another 3600 million yuan to test the waters, and now they only have 1.656 million yuan of Chinese currency left in their hands.

Is it good enough to be the top seller?

They don't know!
But Zhang Yang's earlier statement, "Whether the game goes sideways or not is not up to them," had already intimidated Liao Guopei and Lin Guangchang.

This statement was not only powerful and resounding, but every word also exuded strong confidence, as if it were a direct challenge to any institution, making it seem insignificant.

……

With the plans changing again, Liao Guopei and Lin Guangchang took no further action, instead silently watching Haitong Foods' stock price decline.

4.51 yuan.

4.33 yuan.

4.26 yuan.

At 10:42, the stock price hit the daily limit down again.

Zhang Yang, who was standing to the side, opened Tao Yuang's QQ and sent a message: "Get ready to adjust your portfolio and switch stocks. We'll take action this Friday."

"Snapped--"

Press Enter to send the message.

Tao Yuang, who was far away at China Asset Management, had been waiting for Zhang Yang's news. When he saw the news about the operation this Friday, he immediately perked up: "Finally, it's here. I wonder which stock it is."

Because of the poor returns on his funds, he is now suffering from mental anguish every day.

However, before he can completely turn things around, he cannot afford to offend Ou Guiyan. He still needs to drink Lao Yanjing Douzhi.

"The A-shares market has crashed!"

Suddenly, a fund manager shouted.

Because it was an open-plan office area, all the fund managers turned to look at the source of the sound. The person shouting "A-shares are crashing" was Ding Mingrui, who was ranked in the lower-middle range at China Asset Management.

His comment that things had collapsed immediately sparked a flurry of discussion among the other fund managers.

"My God! Banks are dumping shares?"

"They dumped shares right after the press conference; is that really so inhumane?"

"Is he fucking crazy? Are they really going to wage a war to defend 3000 points?"

The fund managers were grumbling and cursing. He Jing, who had her own office, heard the commotion and opened the stock market database to check it.

[Stock Anomaly Alert]: China Construction Bank has seen a massive sell order of 1900 million yuan.

[Stock Anomaly Alert]: A super sell order of 3500 million yuan appeared in ICBC.

[Stock Anomaly Alert]: Huaguo Bank has seen a massive sell order of 1300 million.

Banks led the sell-off, causing a flood of selling pressure across sectors such as securities, non-ferrous metals, and coal. When He Jing looked at the real estate sector she wanted to invest in, she found that everything was declining.

Just when He Jing was still trying to figure out why A-shares suddenly fell, Caiyan.com's analysis came like a timely rain.

[Financial Research Network Policy Interpretation]: On August 12, the State Council Information Office press conference emphasized the importance of stabilizing external demand. However, data shows that exports from January to July still fell by 22% year-on-year, and the pressure of declining external demand has not been fundamentally alleviated. Currently, the market is worried that the economic growth model that relies too much on investment is unsustainable, and expectations for policy withdrawal are rising, leading to an increase in risk aversion among investors.

"I see."

He Jing suddenly realized.

She couldn't help but marvel at how comprehensive Caiyan.com's functions were, and how much faster it was than Eastmoney and Tonghuashun.

Just as He Jing was reviewing the analysis, the decline in the two major A-share indices continued to widen.

3189 points.

3152 points.

3123 points.

When the Shanghai Composite Index reached 3100 points and successfully broke through it, investor panic reached its peak in six months.

[Xiao Jie Loves Tea]: It's still falling, no, no, no! Comrades, let's work together to hold onto 3000 points!
[Handsome as Me]: A-shares, you are my father, father, please, father, stop being my father. If you keep being my father, I might have to donate sperm to buy more shares. Please stop falling!
[Northern Hemisphere]: Joker is awesome! The sun top really formed. Being out of the market feels so damn good!

[Wang, exposed]: Where's the cow? Teacher Da Xiao, where's our cow?
[Frozen]: I've really been scammed by Li Daxiao! My money! I'm going to call the police and have this swindler arrested!!!
While retail investors were chanting Li Daxiao's name, he was also sweating profusely. At this time, the index had reached 3052 points, and the battle to defend the 3000-point mark seemed to have quietly begun.

"Jingle Bell--"

The landline on the table rang.

After hesitating for a moment, Li Daxiao picked up the receiver and said, "Li Daxiao of Yingda Securities."

"Da Xiao, Da Xiao, this is Shui Pi, this is Shui Pi, A-shares are falling across the board, where is the bull market? Where is the rainbow bull market?"

Faced with the questioning from a major client, Li Daxiao could only feign nonchalance and reassure him, "Boss Shui, Boss Shui, I'm Daxiao. The ox is inside, the ox is inside, the rainbow ox, how can you see it without going through wind and rain?"

Are the national team members in there?

"It's inside."

"Hong Kong stocks are also falling, Da Xiao."

"It's alright, Mr. Shui. Save Hong Kong stocks first, then save the mainland. Once Hong Kong stocks recover, the mainland will be fine, and the rainbow bull market will definitely come."

"Can we save both sides? Can we save both sides?"

"Save Hong Kong stocks first, then save A-shares. Don't worry, Mr. Shui, we can save them. We'll patiently wait for the Rainbow Bull to appear."

"Oh dear, do we have to wait? The A-share market has already launched a battle to defend the 3000-point mark!"

"Don't worry, Mr. Shui, it will recover. Once Hong Kong stocks recover, A-shares will be fine!!"

　On August 28th, the A-share index reached 3843.60. Readers with monthly pass number 0000360 can contact Spicy Strips to claim a KFC meal.

　　
　
(End of this chapter)