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

Chapter 230 A Losing Game? Liu Bei, Guan Yu, and Zhang Fei Suffer Over 3.9 Billion in Losses!
When Lin Qi, a representative of a third-party organization, arrived at Chaos Investment, Liao Guopei, as the signing representative of the "Liu Guan Zhang gang," successfully signed the "Shancheng Beer Coupon Contract" with Ge Weidong.

The contract can be summarized as follows…

Lender (Party A): Shanghai Chaos Investment Co., Ltd.

Borrower (Party B): Liao Guopei.

Witness (Party C): Dacheng Law Offices.

1. Party A agrees to lend Party B a total of 3000 million shares of Shancheng Beer (stock code: 60××32), amounting to: Thirty Million Shares, at a price of RMB 62.43, amounting to: Sixty-Two Yuan and Forty-Three Fen. The total value of the lent shares is RMB 18.729 billion, amounting to: Eight Billion Seventy-Two Million Nine Hundred Thousand Yuan.

2. Both parties agree that the stock transfer will be conducted on October 28, 2009, at the closing price of Shancheng Beer on that day. The transfer date is written as: 28 October 2009.

3. The lending fee rate is 5% per annum, with interest calculated daily from the actual lending date and paid in a lump sum upon maturity.

4. Upon completion of this contract signing, it shall be deemed that the relevant shares have been sold. Party A shall, within three working days, remit RMB 18.729 billion (in words: Eighteen Billion Seventy-Two Million Nine Hundred Thousand Yuan) to a third-party fund supervision account, which shall be supervised by Party C.

5. Upon completion of the signing of this contract, Party B shall, within three working days, remit a security deposit of RMB 8000 million (eighty million RMB in words) to a third-party fund supervision account, which shall be supervised by Party C.

6. If any abnormal outflow occurs in the third-party fund supervision account before the delivery date, Party C has the right to apply to the bank for freezing.

7. Upon arrival of the settlement date, Party C shall settle the profits (losses) of Party A and Party B based on the closing price of Shancheng Beer on that day. If one party's funds are insufficient to pay the settlement amount, Party C shall have the right to sell the stocks (futures) in the collateral securities (futures) account until sufficient funds are available to pay the settlement amount.

8. Collateralized securities (futures) account…

This contract is more of a "betting agreement" than a "securities lending agreement," as it is a betting agreement that ends on October 28.

Although Zhang Yang was not present, he participated in the drafting and final confirmation of the contract terms through mobile phone calls and photos sent by Liao Guopei.

Zhang Yang didn't care whether Ge Weidong and Song Zijun sold Shancheng Beer or not, as long as the 18.729 billion yuan was successfully deposited into the regulatory account.

“Nothing is missing.”

Zhang Yang's voice came from the phone on the desktop.

Seeing that Zhang Yang said nothing was missing, Liao Guopei immediately picked up his copy and looked at Ge Weidong and Song Zijun, saying, "President Ge and President Song, since the contract has been signed, I won't bother you any longer."

"Mr. Liao, please take care."

"Take care, Mr. Liao."

Ge Weidong and Song Zijun responded one after the other.

As soon as he finished speaking, Ge Weidong looked at the Nokia on the table and said, "Mr. J, if there is an opportunity, I look forward to meeting you in person."

He was very curious about the identity of this "Mr. J," who could lend 18.729 billion yuan in bonds with such confidence.

Children of high-ranking officials?

Overseas Chinese?

Both are possible.

Although the exact identity of this "Mr. J" is unknown, the fact that Liao Guopei acknowledges him as his elder brother suggests that he is no ordinary person.

"There will be a chance."

Zhang Yang responded calmly.

Just then, a knocking sound came from the direction of the office door, followed by a deep and familiar male voice.

"Still signing contracts? Mr. Ge and Mr. Song, I hope I haven't disturbed you?"

In an instant.

Everyone looked towards the door.

Xu Xiang, Sun Guodong, Ma Xinqi, and Shu Yimin appeared at the door, a sight that instantly threw Liao Guopei into a panic.

In a one-on-one situation, he was not afraid of anyone, after all, he had practiced martial arts for several years.

1v4...

Even special forces would have a tough time.

"Xu Xiang?"

Ge Weidong was somewhat surprised, as he had no idea that Xu Xiang, Sun Guodong, and others were coming.

"Cough-cough-"

Song Zijun was a little embarrassed to hear that Xu Xiang had arrived so quickly and brought several of his men with him. He said, "Manager Xu was invited by me. If Mr. Liao has nothing else to discuss, we have some other matters to discuss."

"..."

Liao Guopei's gaze swept over Ge Weidong, Xu Xiang, Song Zijun, Sun Guodong, and others, his heart already churning with turmoil.

Were we set up?
Were they set up by Ge Weidong and Xu Xiang?
Zhang Yang on the other end of the phone frowned slightly. The financial circle was indeed too small. But what's done is done. The contract had been signed, and everyone had become pawns.

Just as Liao Guopei approached Xu Xiang, Sun Guodong, and the others with the contract and his phone, Shu Yimin, a portly man whose arms were thicker than Liao Guopei's legs, teased, "Hey, isn't this our Dragon-Slaying God, the Shadowless Kick of Chancheng?"

Just after he finished speaking, he looked at Xu Xiang, Ma Xinqi and Sun Guodong beside him and said, "Brother Xiang, Brother Ma, Brother Sun, look! The Dragon-Slaying God's Shadowless Kick has actually shown up! Wow!"

"He really is the God of Dragon Slaying!!" Sun Guodong's lips curled up, emphasizing the words "God of Dragon Slaying" as he looked at Liao Guopei with a mocking gaze.

If it weren't for Liao Guopei, Jianfeng Group wouldn't have been able to compete with Rhine Biologics for the leading position, and they wouldn't have had to cut their losses to survive.

Ma Xinqi narrowed his eyes and looked Liao Guopei up and down, saying, "Now everyone knows that Xu Xiang is the mastermind behind Shancheng Beer. Shorting Shancheng Beer is interesting. It seems you're determined to go head-to-head with us. Good luck."

"Have you said enough? Get out of the way."

Liao Guopei's tone was cold.

"If you don't allow it..."

Shu Yimin had just taken a step when Xu Xiang put a hand on his shoulder and said, "The principle of yielding to the happy is to avoid conflict with those who are about to go bankrupt or may commit suicide."

"Haha, you're right."

Shu Yimin continued the conversation, taking a step to the side. After all, this was Chaos Investment's premises, and making things too awkward would be bad for everyone.

Under everyone's gaze, Liao Guopei walked past Xu Xiang, Sun Guodong, and others, and even bumped shoulders with Shu Yimin, before arriving at the corridor outside the office.

Despite Liao Guopei's calm and composed demeanor, he was actually inwardly panicking, fearing that Shu Yimin might strike him.

Fortunately, both sides were sensible and did not bring the stock market issues into reality.

Of course.

They were also afraid that things would escalate.

This is, after all, Ge Weidong's territory. It wouldn't be good to provoke a third party, especially since the other party's financial resources are no less than Xu Xiang's, and may even be greater.

After taking the elevator out of the Shanghai World Financial Center and returning to his car, Liao Guopei let out a long sigh of relief. His Nokia phone, which had been on a call the whole time, also transmitted Lin Guangchang's praise: "Awesome! The Shadowless Kick is so domineering!"

"I don't know if I showed any domineering aura, but I do know I almost peed!" Liao Guopei said, still shaken, "You guys don't know that fat bastard Shu Yimin. He's tall and fat, like a mountain of flesh blocking my way. Damn it, if we had really fought just now, I think he would have pinned me to the ground and beaten me."

"Pfft!" Lin Guangchang couldn't help but laugh and tease, "Judging from your tone just now, Joker and I thought you really knew kung fu. We were wondering if you were just bluffing?"

"One against four? Do you think I'm Tyson? Even Tyson couldn't withstand a gang beating!" Liao Guopei complained wildly while fastening his seatbelt and starting the car. "I'm not saying anything more. I'm going to take the contract back to the apartment in Changtai first."

"Don't come back yet, be careful of being followed. Find one of the four major banks to store your belongings for you, and we'll keep in touch remotely during this time."

Zhang Yang was extremely cautious.

The sudden appearance of Xu Xiang, Sun Guodong, and others forced him to take the matter seriously, and he also suspected that they might know something.

Anyone who has searched for wild hornet nests knows that finding them is simple: just catch a few worker bees, tie some brightly colored strips to them, and you can follow the trail to the nest.

Liao Guopei's expression turned serious. He glanced out the car window and then lowered his voice, saying, "Okay, I'll go buy a small combination lock suitcase first, and then go to the Huaguo Bank to deposit it."

Generally, banks offer safekeeping services, mainly for customers to keep various valuables or important documents. These services are mainly divided into two categories: safekeeping of physical items and safekeeping of certificates of title.

For absolute security, some people even use a combination of safe deposit box and bank insurance for storage.

Many people distrust banks for safekeeping services because they fear theft by the bank staff.

Banks don't steal from their own employees, but who knows what the employees are thinking?

The contract involved billions of dollars, and although Liao Guopei was a "military general," he knew that multiple layers of protection were necessary to avoid problems.

……

Shanghai World Financial Center.

Song Zijun's office.

No sooner had Liao Guopei left than Lin Qi, a lawyer from Dacheng Law Firm, also quickly departed. At this moment, only the two groups of people from Chaos Investment and Zexi Private Equity remained in the office.

Seeing Lin Qi leave, Xu Xiang gave Ma Xinqi a look, and the latter immediately understood and went to close the open office door.

"Click——"

After the office door closed, Xu Xiang looked at Ge Weidong and Song Zijun and asked, "President Ge, Manager Song, what are your thoughts now? Are you really going to sell 3000 million shares of Shancheng Beer?"

The 3000 million shares of Shancheng Beer are worth 18.729 billion Chinese yuan. If Chaos Investment really wants to sell all its shares, Xu Xiang will have to consider the issue of his side taking over the funds.

Why not let retail investors take over?
The reason is simple: it affects the "cleanliness" of the chips inside the ticket.

They managed to get Liao Ziliang, the vice president of Jiachen Biotechnology, to release a "Serious Abnormal Stock Trading Announcement" containing "hidden clues," and then misled retail investors into selling their shares through a large number of news media outlets.

Are we now letting retail investors chase the high prices?
It's really not the right time yet.

In Xu Xiang's control plan, the second batch of retail investors who profited would enter the market at around 100 yuan, followed by the third, fourth, fifth, and sixth batches of retail investors. Finally, Shancheng Beer went up and crashed to complete the harvest!

For stocks in the upward phase, it is essential to consider the cleanliness of the shareholding structure, or the concentration of shares. Only when the shares are relatively concentrated can the upward movement be achieved effortlessly and with half the effort.

If a stock's shares are not properly held, and it rises by 10 yuan only to be dumped, how can the market maker withstand that?
This is why every market maker must have a general idea of ​​how many shares retail investors hold before driving up the price. Only when the number of shares has decreased to a certain level and the market maker has enough shares of their own will they choose to drive up the price.

Seeing that Xu Xiang had gotten straight to the point, Ge Weidong also went straight to the point, saying, "What we want to determine right now is whether there is still considerable room for growth in the price of Shancheng Beer?"

Currently, Xu Xiang is the biggest speculator of Shancheng Beer. He has the final say on the rise and fall of the stock price. As long as he continues to provide funds to drive the price up to the daily limit, the stock will almost certainly hit the daily limit.

But now the question is…

Will Xu Xiang continue to provide upfront funding to drive up the price?

Shancheng Beer has a total of 4.84 million shares, of which it holds 32.25%, or 1.5609 million shares, while foreign brewery Carlsberg holds 17.46%, or 8450 million shares.

After accumulating shares for a period of time, Xu Xiang now holds 6000 million shares of Shancheng Beer, accounting for 12.4% of the total shares.

Excluding the "hidden top ten circulating shareholders", the top ten circulating shareholders, excluding Shancheng Beer and Carlsberg, have a total of 5.3%, or 2565 million shares, leaving 1.47 million shares available.

Of the 1.47 million shares of Shancheng Beer held outside, Chaos Investment holds 3000 million shares, the organization behind Liao Guopei holds 2000 million shares, and the mutual fund managed by Wang Yawei holds 1200 million shares…

In total, retail investors still hold approximately 3000 million to 4000 million shares, which is a very low percentage, representing only 8% of the total shares.

Meeting Ge Weidong's gaze, Xu Xiang said in a deep voice, "Since we're all straightforward people, I'll be blunt. Shancheng Beer will be the king of monsters in 2009. The stock price will start at 100 yuan, around 150 yuan is the point to reduce holdings, and 200 yuan... you know."

Before Ge Weidong could speak, Xu Xiang added, "If Chaos Investment withdraws now, it will miss out on at least a 1x return."

When these words were spoken, neither Ge Weidong nor Song Zijun responded. The office fell into a deathly silence, as if one had walked into an empty library at dawn.

10 seconds.

20 seconds.

30 seconds.

Ge Weidong and Xu Xiang stared at each other for a full half minute, each with their own agenda.

Suddenly, Ge Weidong smiled slightly and replied, "Since Manager Xu—no, let's just call you Chief Steward—has this confidence, we are willing to risk our lives to accompany you."

Willing to risk one's life for a gentleman?
It's just polite small talk. It's nothing more than hypocritical words from someone who sees the potential for substantial profits and doesn't want to miss out.

Xu Xiang knew Ge Weidong was lying, and Ge Weidong also knew Xu Xiang knew he was lying, but this did not affect their cooperation at all.

Xu Xiang smiled and said lightly, "President Ge is indeed decisive. I admire you. I'll also say this: Zexi Private Equity's gun will always be aimed at retail investors. We will not make money off our own brothers, no matter whose money we make."

"correct!"

Suddenly, his expression turned serious, and he asked, "How much do you know about Mr. J, the one behind the Shadowless Kick?"

“Mr. J.” Ge Weidong repeated the name, then said frankly, “To be honest, this is the first time I’ve met him today, but it doesn’t matter. As long as you don’t sell, I won’t sell, and other institutions and speculative funds won’t sell either, plus if Jiachen Bio doesn’t cause any problems, the other side doesn’t have the chips or the ability to crash the market.”

Why did he need to borrow securities on the settlement date?

The reason is that he believes this is a losing proposition, a stock price bet that Mr. J and Liao Guopei are bound to lose.

1. There is a large number of institutional and speculative funds involved in Shancheng Beer, and the concentration of shares is extremely high. It is impossible to crash the stock price by simply dumping shares.

2. Jiachen Biotechnology is involved in the transfer of benefits and is deeply bound to institutions.

3. The market potential of synthetic peptide vaccines.

Market analysts and risk control specialists at Chaos Investment had already made preliminary calculations of the potential value of synthetic peptide vaccines based on the number of hepatitis B patients in China. Unless Jiachen Bio suddenly announces the failure of vaccine development, the stock price of Shancheng Beer will at least soar to over 100 yuan.

So here's the question: Will Jiachen Bio suddenly announce the failure of its synthetic peptide vaccine development?

obviously.

They won't!

Because their interests are intertwined.

Even if the fire can't be contained by paper, Jiachen Biotechnology will add two more "wet wipes" to delay the time it takes for the fire to reach the surface as much as possible.

……

The A-share market closed at 3 p.m.

The Shanghai Composite Index closed at 2763.53 points, down 2.65%, with a trading volume of 754 billion, a further decrease of more than 60 billion.

The Shenzhen Component Index also fell 2.61%, closing at 11086.71, with trading volume dropping to 430 billion yuan.

Extremely low trading volume and a sharp decline, along with the collapse of heavyweight stocks, caused panic among retail investors, as if they had encountered a maze.

[Big Fat Corpse]: If this trend continues and the market keeps falling, the total trading volume in both markets will probably be less than 1000 billion. What kind of game is this?

[She Who Never Forgets]: Tens of thousands of people wrote a petition in blood requesting the China Securities Regulatory Commission to suspend the review of IPOs. In a market worth 1000 billion yuan, how can we stockholders be expected to be drained of tens or hundreds of billions of yuan of liquidity right away?
[Sexy Female Cockroach]: This is a scam market. The A-share market is a scam market. I opened my eyes and money was automatically deducted from my account. It's even more deducting than my boyfriend. I'm not playing anymore. Give me my money back!
[The Forgotten Past]: In this kind of low-volume, garbage market, no one will have the desire to trade. I sincerely suggest that the China Securities Regulatory Commission strictly review IPOs and not let in any junk stocks.

In just 30 days, no fewer than nine companies have been listed on the A-share market, including Huaguo Zhongzhi, which completed its IPO fundraising in August.

The endless listing of new stocks has severely damaged the investment ecosystem.

Imagine this: you spend day and night analyzing news, policies, technicals, and stocks that might benefit from the macro environment, only to find out that someone else won a share in an IPO and instantly gained a 200% return. Who wouldn't be heartbroken?

Adhering to the principle of "if you can't beat them, join them," a large amount of funds have gone to subscribing to new shares. Who would still honestly play the A-share market with you?
Unlike retail investors who invest in blue-chip stocks, those who stay in "monster stocks" are in a champagne-fueled mockery mode.

[Girl in the Bathroom]: If you don't understand, just ask. Didn't 200 stocks rise today, and 34 hit their daily limit? Why don't you buy the rising stocks, but instead buy the falling ones?
[Lonely and Cold]: Staying in the mountain city with a beer is so comfortable, why don't you guys come in? Don't you want to make money?
[Love You Without Limits]: Stock trading is so easy! I made an 80% return so easily. I don't even know how to spend this money. Is there anyone who can help me spend it?
It's one thing for retail investors to get tens or hundreds of percent returns from subscribing to new shares, but when it comes to speculative stocks, retail investors are also showing off returns of tens or hundreds of percent. Seeing this, many retail investors are starting to waver.

In fact, when new investors start trading A-shares, they often choose stocks they are familiar with as their first stock, such as the four major banks and internet operators, which are the first choice for new retail investors.

However, as new retail investors become more involved in the stock market, they gradually become dissatisfied with the returns of blue-chip stocks and start chasing hot stocks and speculative stocks, unaware that this is the beginning of a nightmare.

This is similar to bar marketing. At first, you can stick to your principles and save money just by relying on your base salary and commissions, and you can live a pretty comfortable life.

But when you see your colleagues making tens of thousands or even hundreds of thousands a month, while you only make a few thousand in bar marketing, you will feel unbalanced. Then, you will try it for the first time, gradually fall into it, and finally sink into it completely. This is what is often referred to as the environment influencing people.

Hu Xijin and Zhou Runfa, two new stock investors, have completely fallen into this cycle. After suffering continuous losses, they set their sights on stocks that hit the daily limit and began to study concept stocks.

Li Daxiao, an industry insider, also timely released a video reminder.

On this unpleasant afternoon, both the Shanghai Composite Index and the Shenzhen Component Index closed down by more than 2%, and the trading volume of the two markets also fell below 1200 billion yuan. This is a very difficult time for stock investors, and Teacher Da Xiao feels the same way as you.

At the same time, I've noticed that some retail investors seem to have lost their nerve after the recent market crash and are rushing to play with concept stocks. I think this is extremely irrational. Stocks without fundamental support can be very dangerous once they fall. Choose good stocks, be a good person, and you'll be rewarded. Comrades, we must be rational, rational, and even more rational! The bull market is still here, and the rational bull market is here!
While strong earnings may not necessarily lead to a rise in stock price, they can provide support at the bottom, which is one of the criteria for a "good stock".

To put it bluntly, performance is just a minimum requirement. Take ICBC for example. Its first-quarter revenue was 1480 billion yuan and its net profit was 667 billion yuan. With its current share price of over 4 yuan, who would expect it to fall to 2 yuan?

If the price were to drop to 2 yuan, it's no exaggeration to say that all public funds, private funds, and speculative capital would dare to go all in.

Why are you willing to go all in?

The reason is that the four major banks will not go bankrupt, as they are directly linked to the central bank.

With outstanding performance, government support, low stock price, and high dividends, even institutional investors would be bewildered, let alone retail investors.

This time, Li Daxiao's "rational bull market" has seen far fewer voices of opposition and ridicule, and a large number of advice from retail investors.

[Past Events]: Although I have never liked Li Daxiao, you really have to listen to the rational bull market today. Buy high-dividend blue-chip stocks and even if they fall sharply, you will definitely break even in a year or two, and you might even make a small profit. But if you take the wrong path, you won't even have a scrap of gold left, let alone break even.

[The Unromantic Old Man]: A veteran A-share investor of ten years, I only buy high-dividend stocks and have made over a million yuan. Among the retail investors who started playing A-shares at the same time as me, some played with concepts, and as a result, some jumped off buildings, and some went to Southeast Asia.

[Three Copper Coins for the Soul]: Buy good stocks, be a good person, and you will be rewarded. Teacher Da Xiao's words are the truth. Everyone, hold on to 2700 points and don't play with concept stocks!

While retail investors are advising new retail investors not to blindly follow trends and hype up concepts, a large number of financial self-media outlets are also making efforts, but not in the form of advice.

《惊天大妖股！9月28号山城啤酒股价收在62.43元，如果你在8月19号的16.31元底部买入100万，目前将获得282.69万净利润！》

"Imminently hitting a 300% increase, where is the limit for Shancheng Beer in this round?"

The leading stock in the "curable hepatitis B vaccine" concept hit its daily limit again. Experts predict it could rise for another 20 days. Will this upward trend continue?

"A trillion-yuan market: Chongqing Beer subsidiary Jiachen Biotechnology discloses latest progress, with promising results from combination therapy!"

Under the barrage of news reports, many new stock market investors couldn't resist the urge to buy.

In just one month, the stock price has nearly tripled. If there are really 20 more limit-up days, then we are only in the bottom area now, because the final price after 20 limit-up days will soar to more than 400 yuan!

The final price is 400 yuan. If you buy at 60 yuan, there is still nearly 7 times the potential upside.

Some retail investors couldn't hold back any longer. They had been completely brainwashed by the news and assumed that Shancheng Beer really still had 20 boards left.

……

Tuesday, May 9th.

When the Shanghai Composite Index reached 2722 points and trading volume continued to shrink, retail investors' hearts began to pound wildly with the urge to speculate.

Buying legitimate blue-chip stocks leads to a sharp drop, while chasing speculative hype in trending stocks yields huge profits. Who can resist that?
Veteran investors can tolerate this, but new investors can't. A large amount of capital has flowed from heavyweight stocks to follow the trend of hot stocks.

It was precisely the large amount of retail investors' funds being reallocated and switched to other stocks that led to a further decline in the Shanghai Composite Index, which once touched 2700 points.

With the market about to break through the 2700 support level, the leaders of Huijin and China Securities Finance Corporation finally couldn't sit still. If the market continues to fall, the entire A-share market may panic, and speculative funds will increase, fueling the rise of speculative stocks.

no way.

They had no choice but to pump the price.

Moreover, in this round of decline, credit funds have been almost completely squeezed out, so there is no need to pump up the market by hundreds of billions just for the remaining 10%.

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

[Stock Anomaly Alert]: Huaxin Securities saw a super buy order, amounting to 1200 million.

[Stock Anomaly Alert]: A super buy order of 900 million yuan appeared for Yangtze Power.

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

The large-scale buying of familiar heavyweight stocks immediately alerted all retail investors, indicating that government funds had intervened to rescue the market.

[Imaginary Enemy]: The national team is here! The government funds are coming in to rescue the market! Damn it, I need to quickly increase my holdings and take advantage of the rising premium!
[Fishing Guy]: Finally, the national team came to the rescue of the market. It wasn't easy. I almost lost everything.

[Cola without ice]: 2700 points is the absolute bottom. If it weren't the bottom, the national team wouldn't be pushing the market up. Brothers, let's charge in and follow the national team to attack upwards!!
[Let's go to Boye tonight]: Charge! Kill those damn short sellers! Make them miss out, make them regret it!
2733 points.

2756 points.

2774 points.

The Shanghai Composite Index rose rapidly.

While retail investors outside were in a frenzy, those who bought shares in Shancheng Beer remained leisurely, quietly watching their performance.

Why are you so relaxed?
Because Shancheng Beer has hit the daily limit again, and is currently priced at 68.67 yuan!
At this moment, individual investors in Shancheng Beer are like children from rich families looking at children from poor families; the destination that the latter strives to reach is not as good as the starting point of the former.

Are you really that excited about a 1% increase?
Our price is up 10%!!
……

September 30th, Wednesday, is the last trading day of September and also the last trading day of this week.

Due to the overlap of National Day and Mid-Autumn Festival, A-shares will be suspended from trading for 8 days starting from October 1st, and will not reopen until October 9th.

On the last trading day before the 60th National Day, A-shares rose almost without any suspense, with the Shanghai Composite Index breaking through 2800 points at its highest point. However, it was hit by a sell-off at the end of the day and finally closed at 2779.3 points, a gain of 0.9%. Trading volume shrank again to only 680 billion yuan. The Shenzhen Component Index, on the other hand, saw a turnover of 400 billion yuan and closed at 11206.8 points, a gain of 1.24%. The total turnover of the two markets was 1080 billion yuan.

The fact that both the decline and the rise in trading volume are accompanied by a decrease in volume indicates a serious problem: retail investors may be running out of money.

A sharp drop should trigger panic and lead to increased trading volume, but this didn't happen in the A-share market. A rise should release trapped investors, but there was still no increase in trading volume.

The lack of trading volume during both rises and falls is not a good thing, especially considering the upcoming major event at the end of October: the ChiNext market.

In response to the lack of trading volume, Central Huijin Investment Ltd., China Securities Finance Corporation Limited (CSF), China Securities Regulatory Commission (CSRC), People's Bank of China (PBOC), and China Banking Regulatory Commission (CBRC) held another joint meeting to discuss ways to increase market volume.

As for the speculative stock, Shancheng Beer, it hit the daily limit again, closing at 75.54 yuan.

In less than two months, the stock price soared from 16.31 yuan to 75.54 yuan, an increase of 363.15%.

However, this is far from reaching Xu Xiang's "turnover line". He will only let the second batch of retail investors come in to make a profit when the price reaches 100 yuan. When the third and fourth batches of retail investors come in one after another, it will be the day when they are stuck at high prices.

The continuous limit-up of Shancheng Beer made Ge Weidong increasingly superstitious.

He stood in front of the floor-to-ceiling window of his office, gazing at the flowing waters of the Huangpu River, and murmured to himself, "Shanghai truly lives up to its reputation as a place where hundreds of rivers converge. With its auspicious feng shui formation, even if I do nothing, people will come to my door to deliver money."

The securities lending agreement signed between Liao Guopei and Chaos Investment was anchored at a price of 62.43 yuan. Now, the stock price of Shancheng Beer has reached 75.54 yuan, a difference of 13.11 yuan.

With 3000 million shares of Shancheng Beer, each share rose by 13.11 yuan, meaning that the "Liu Guan Zhang gang" is now facing a paper loss of 3.933 million yuan.

It is worth mentioning that Ge Weidong and Song Zijun did not sell the 3000 million shares of Shancheng Beer, but instead chose to directly transfer 18.729 billion yuan into the regulatory account.

Why don't they sell?
Because they believe prices can still rise!
They are now betting against Zhang Yang, Liao Guopei, and Lin Guangchang on the stock price of Shancheng Beer on the settlement date of October 28.

In addition, with the National Day and Mid-Autumn Festival holidays, there are still 14 trading days until the settlement date on October 28. Even if the stock price of Shancheng Beer collapses at the end of October, there will be no time for it to fall back to 62.43 yuan. Chaos Investment firmly maintains its advantage.

"Shanghai is great, Shanghai is great."

“What a great place.”

Ge Weidong gazed at the Huangpu River and murmured.

Song Zijun, who is in charge of the stock business, originally did not believe in these feng shui arrangements, but now he is starting to believe in them a little.

Rushing to deliver money...

It was his first time seeing it.

Meanwhile, in the financial analysis room on the same floor of the Caiyan.com office, Lin Guangchang was somewhat uneasy. He looked at the calm and composed Zhang Yang and said, "Is Joker really alright? Shancheng Beer has hit the daily limit again. The difference between us and Chaos Investment has reached 13.11 yuan, resulting in a loss of over 3.9 million yuan."

Liao Guopei's voice also came from the phone placed on the table.

"If prices continue to rise like this, coupled with the shortened trading days due to the National Day holiday, even if prices start to fall on the 20th, we may not even be able to recover our costs and end up working for nothing."

Fearing being followed by Xu Xiang's men, Liao Guopei fled to Sanya to avoid trouble, where he was seen cuddling a Persian cat.

"A floating loss of 390 million?" Zhang Yang remained calm and composed, his eyes showing no sign of panic. He opened the date in the lower left corner of his computer desktop to check the trading days of A-shares in October, and then said, "Don't rush, let's let things play out for a while."

(End of this chapter)