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

Chapter 236 Institutions feel the wind blowing from the mountaintop, retail investors turn off the lights and eat noodles.

[Stock Anomaly Alert]: A super buy order of 230 million yuan appeared for Shancheng Beer.

[Stock Anomaly Alert]: A super buy order of 110 million yuan appeared for Shancheng Beer.

[Stock Anomaly Alert]: A super buy order of 300 million yuan appeared for Shancheng Beer.

Retail investors, due to information asymmetry, are completely unaware of what is happening and continue to buy, including wealthy retail investors, often referred to as "big players."

Large investors are different from speculative investors. Speculative investors have a wolf-like mentality, while large investors still have a sheep-like mentality. However, large investors also have a certain information advantage compared to small investors.

The ecosystem of A-shares can be roughly summarized as: the state > institutions > speculative capital > large investors > retail investors. The large investors and retail investors at the bottom account for 95% of the funds in A-shares.

While retail investors and large investors were buying frantically, Qiao Lechen, who had been silent for almost a day, suddenly updated a video on Weibo.

In the video, he is sitting in his office, wearing a crisp white shirt, with various certificates displayed in a cabinet behind him, which is obviously intentional.

"Hello everyone, my name is Qiao Lechen, and I am the manager of the pharmaceutical research department at Yanjing Tiantan Biological Products Co., Ltd."

In the video, he paused for a moment, picked up his ID card from the table, and showed his identity information to the camera.

Immediately afterwards, he put down his ID card, as if he had made up his mind, picked up the documents under his hand and said: "Today I will stake all the honors and achievements I have accumulated in the first half of my life, and then stake my work and family in the second half of my life, to expose the Jiachen Biotechnology curative hepatitis B vaccine scam and prevent more people from being deceived."

"The document I have here is information about a curative hepatitis B vaccine developed by the American company Cytel, called CY-1899."

"What is its relationship with synthetic peptides?"

"Father-son relationship!"

While answering his own question, Qiao Lechen pointed out the key point of the anti-counterfeiting campaign: "Jiachen Bio's synthetic peptide vaccine is an improvement based on the framework of the failed CY-1899 vaccine from the American company Cytel. Note that it is a failed vaccine."

“Let’s talk about the CY-1899 vaccine first. It uses a single T-cell epitope design, containing only the hepatitis B core antigen and tetanus toxoid helper epitope, which is designed to activate cytotoxic T lymphocytes. This design lacks the ability to activate B cells and cannot induce a humoral immune response.”

At this point, he picked up another document and said, "This is the vaccine data that Jiachen Bio publicly released in 2006. It mentions a key piece of data: the PreS2 18-24 epitope. This is an epitope design that CY-1899 does not have. I guess Jiachen Bio added the PreS2 18-24 epitope to CY-1899 to form a three-epitope combination of HBcAg+PreS2+TT."

"In layman's terms, CY-1899 lacks the ability to activate B cells and cannot induce a humoral immune response, right? Jiachen Bio gives it a PreS2 18-24 epitope, which allows the synthetic peptide vaccine to activate B cells and thus induce a humoral immune response."

"At first glance, it seems like you should just fill in the gaps in your system, which makes perfect sense, right?"

"wrong!"

Qiao Lechen raised his voice and stated the key points: "Although PreS2 can theoretically activate B cells, this 'additive' improvement does not fundamentally solve the problem of insufficient antigen epitope coverage."

"Moreover, there are multiple subtypes of hepatitis B virus, such as adr, adw, and ayw. The a epitope of its surface antigen is prone to mutation, leading to immune escape. However, Jiachen Bio's vaccine only targets a single epitope and cannot effectively cope with viral mutations."

"To summarize the video content in plain language that even outsiders can understand, Jiachen Bio used a product that had already been declared a failure in its research and development, and only added the PreS2 18-24 epitopes, yet dared to claim that it was a self-developed curative hepatitis B vaccine. This is no less than buying a Toyota car, putting on a car wrap, and then claiming that it was domestically developed."

"Precisely because synthetic peptide vaccines are ineffective, Jiachen Bio has taken another approach and chosen to use them in combination with entecavir, which is itself a first-line oral antiviral drug for the treatment of chronic hepatitis B, mainly used to inhibit hepatitis B virus replication and slow the progression of liver lesions."

"Even if the combination therapy group shows results, it doesn't necessarily mean that the synthetic peptide vaccine is working. It's like if Ma Yun and I had our wealth split, I would instantly become a billionaire, but could I really come up with hundreds of millions of Chinese yuan? Impossible!"

"Okay, that's all for now. I hope Jiachen Biotechnology can respond to my video directly and refute my speculation with experimental data. I will take legal responsibility for what I said in the video!"

The combination of the pharmaceutical research manager of Tiantan Biological and the real-name video verification of his ID card made the onlookers pause for a few minutes to think about Qiao Lechen.

10 likes.

100 likes.

1000 likes.

As the number of likes on their videos skyrocketed, Bing Yaojie, He Jiani, and other corporate executives all held their ID cards, gambling their futures.

Why are they willing to gamble?
The reason is that the odds of winning are very high!
As you get older, you should understand that life is a series of gambles, and only by winning can you move on to the "next level".

For example, being born into a family where the parents are either poor or wealthy makes a huge difference.

For example, when choosing a wife or husband, the character of one's spouse directly determines the course of one's life. Many men and women who lose big gambling end up with a messy marriage.

Qiao Lechen, Bing Yaojie, He Jiani, and others have all climbed to the position of senior executives in listed companies, so they certainly don't lack the courage to take a gamble, especially since the odds of winning this time are very high.

If they bet right, they will take down a competitor for the company. To borrow a line from the movie "Young and Dangerous": I have done a lot for the gang, so I will definitely be the first to be promoted!
The news spread like wildfire, quickly gaining popularity and sparking another wave of discussion on Weibo and Baidu Tieba, attracting a large number of onlookers.

[Bald Little Baby]: Good heavens, I exclaimed, good heavens! It turns out that Jiachen Bio's hepatitis B vaccine is a failed product from an American company. Isn't this just putting fancy decorations on shit?

[The Temptation of Going Home]: It's not that I look down on our country's biopharmaceutical companies, but we started too late. Catching up with Europe and the United States requires time to accumulate experience. I don't believe Jiachen Bio can do well with this product that even the Americans couldn't handle.

[Great News]: I checked the relevant information, and it said that "the CY-1899 vaccine can activate T-cell responses, but its activity level is significantly lower than the threshold required for natural clearance of hepatitis B virus, and no significant improvement in viral load or liver function was observed. This result marks a substantial failure in the development of the vaccine." It's really like putting fancy decorations on shit; no matter how beautiful the packaging is, it's still shit.

[Binbin BBQ Restaurant]: I'll fucking swear! Investigate Jiachen Biotechnology's hepatitis B vaccine for fraud! Ten years of research and development, and in the end it's someone else's failed product! Damn it!!
Discussions are escalating rapidly, with hashtags such as "Jiachen Bio's curative hepatitis B vaccine is fake," "Multiple executives of listed companies publicly denounce the fake synthetic peptide vaccine," and "CY-1899 hepatitis B vaccine" rapidly climbing the trending topics lists on Weibo and Baidu Tieba.

The trending topics about celebrities and actors are constantly being surpassed by related trending topics.

10th place.

8th place.

6th place.

3th place.

In the blink of an eye, the top five trending topics on Weibo and Baidu were occupied by multiple entries such as "Jiachen Biotechnology's curative hepatitis B vaccine is fake", "Multiple executives of listed companies publicly denounce the fake synthetic peptide vaccine", and "CY-1899 hepatitis B vaccine".

The moment the news broke, Ma Xinqi noticed it and looked at Xu Xiang with a panicked expression, saying, "Something's happened!!"

His shout not only attracted the attention of Xu Xiang, Sun Guodong, and Shu Yimin, but also the traders of Zexi Private Equity.

"Quickly...quickly throw in the chips!"

Ma Xinqi was so flustered that she stammered.

"What do you mean?" Xu Xiang frowned, puzzled, his right eyelid twitching.

"The synthetic peptide vaccine is the CY-1899 vaccine, which is a failed product of the American company Cytel. Someone has filed a formal complaint against it, and this time it is an executive of a competitor company."

Ma Xinqi kept it brief.

"!!!"

Sun Guodong was startled. Before Xu Xiang could respond, he hurriedly shouted, "Quickly throw out the chips from Shancheng Beer!"

"It's too late, the stock price has already hit the daily limit down!"

"Shancheng Beer's stock price has hit the daily limit down, Brother Sun!"

"There's a massive sell-off!"

"A single order of 200,000 lots has been sold, indicating a large amount of capital being unloaded. I wonder who is behind it!"

Upon hearing the number 20 lots, Sun Guodong was struck dumb, exclaiming incredulously, "20 lots of limit-down orders?"

"One million shares!"

“Four million!”

"It'll be 40... no... 50 soon!"

When the price of 50 was announced, Sun Guodong, Shu Yimin, and Ma Xinqi felt their scalps tingle and looked at Xu Xiang, who remained silent.

Who could be behind such a fierce sell-off in such a short period of time?
No need to think twice, it's an organization!

In other words, all institutions knew about the news as soon as it broke, and they broke their promise not to dump shares, dumping them even earlier than Zexi Private Equity.

With 5000 sell orders at the daily limit down, totaling 50 million shares, at the limit down price of 67.99 yuan, it would take 33.995 billion yuan to reverse the price.

"Mr. J, Shadowless Kick! So they knew about the problems with the vaccine from the very beginning!" Xu Xiang gritted his teeth, this time he was truly furious, furious to the extreme.

Zexi Private Equity holds more than 6000 million shares of Shancheng Beer, accounting for 12.4% of the total share capital.

Based on the current profit margin, after approximately six consecutive days of limit-down trading, losses will begin to occur.

But here's the problem: the core hype is seriously fabricated, so how can six consecutive limit-up days stop the decline?
That's not necessarily true!
If this goes wrong, the stock price might drop back to the 20 yuan range!
"Xiang...Brother Xiang, shall we throw it?"

Shu Yimin dared not look directly at the intraday chart because the order book was too heavy; he hadn't seen anything like it in a long time.

"I…"

(Silence does not mean I am wrong)
(Breakup is not the only outcome)
Just as Xu Xiang was about to speak, his phone, which was placed on the table, suddenly rang.

He picked up his phone and saw that it was a call from Ge Weidong.

"Hey, Mr. Ge."

Xu Xiang pressed the answer button.

He tried to remain calm, not wanting Ge Weidong to notice his panic.

Xu Xiang never expected that after more than a decade of dominating the A-share market, going from penniless to a top speculative investor with 50 billion yuan in funds, he would suffer repeated setbacks in 2009. This made him wonder if this year was just a year of bad luck for him.

"Did they dump the shares? Manager Xu?"

Ge Weidong got straight to the point.

Xu Xiang glanced at Sun Guodong, Ma Xinqi and others beside him, and still frankly said, "I didn't have time to stack the orders, but it doesn't matter, even if I stacked the orders, they probably wouldn't sell."

Hearing the other party's tone of accepting defeat with equanimity, Ge Weidong couldn't help but feel a sense of admiration. He invited them, "They should all have accumulated orders. Now it's just you and me who haven't. I want to help you save yourselves together. In this situation, going it alone won't work."

"how do you want to do it?"

Xu Xiang inquired.

On the other end of the phone, Ge Weidong's eyes flashed with determination, mixed with a hint of madness: "If it falls to 50 yuan, we'll control the sideways movement, then create a double top pattern and sell it to retail investors."

"This is vaccine fraud."

Xu Xiang emphasized.

However, Ge Weidong replied very quickly: "As long as Jiachen Biotechnology doesn't admit it and Shancheng Beer doesn't admit it either, then it's not solid evidence. There's still room for maneuver. Do you understand what I mean?"

"understood."

Xu Xiang reacted extremely quickly.

He's not a pretentious person, but rather someone who's good at solving problems.

After learning of Ge Weidong's intentions, Xu Xiang immediately added, "I'll have someone contact Shancheng Beer and Jiachen Biotechnology. This matter must be handled discreetly, and if possible, I'll have them apply for a trading suspension."

"Thank you, Manager Xu."

Ge Weidong thanked him.

If he could apply for a trading suspension, then his bet with "Mr. J" wouldn't result in too much loss. He understood Xu Xiang's underlying message.

But is it really that easy to apply for a trading suspension?
Of course, it's not easy to apply.

Furthermore, according to the Securities Law, the Implementation Measures for Mandatory Delisting of Listed Companies for Major Violations, and exchange rules, if a company faces a decline in its stock price due to major violations such as product counterfeiting, the company cannot voluntarily apply for a trading suspension. The suspension procedure will be forcibly initiated by the regulatory authorities and the exchange to which it belongs in accordance with the law.

This kind of sudden fraud incident was definitely the first time Xu Xiang and Ge Weidong had encountered it, and they didn't even understand the rules for suspending trading.

While Xu Xiang contacted Xu Haiou to ask him to make a connection, Ge Weidong contacted his parents back in his hometown to find out if there was a problem with the ancestral graves.
Song Zijun, who spearheaded the signing of the "Shancheng Beer Voucher Contract," was completely distracted at the moment, muttering to himself, "We couldn't possibly win from the very beginning. Mr. J knew all along that the synthetic peptide vaccine was a failure..."

With an anchor price of 62.43, a drop of just one more limit-up would trigger losses, and given the current situation, two limit-ups would be far from enough to offset the panic; at the very least, five limit-ups or more would be necessary.

Taking the five lowest-priced stocks as an example, the first stock was 67.99 yuan, the second was 61.19 yuan, the third was 55.07 yuan, the fourth was 49.56 yuan, and the fifth was 44.6 yuan.

The price difference between 62.43 and 44.6 is 17.83 yuan. Multiplying this price by 3000 million shares, Chaos Investment would lose 5.349 million yuan.

This is only five consecutive limit-up days. By the settlement date of October 28, it is unknown how many consecutive limit-up days it will be, which is what Song Zijun is worried about.

……

Institutions are like birds in the same forest; when disaster strikes, they fly away separately. When the number of orders for Chongqing Beer reached 600,000, individual investors in the stock market suddenly sobered up and began to cry and beg for help everywhere.

[Neighbor Wang]: 60 lots of limit-down orders, what's the difference? This time I really have to enter the secondary market!

[Loves Scrambled Eggs with Tomatoes]: Vaccine fraud, Shancheng Beer is utterly wicked, refund my money! Fuck you, refund my money!
[Strawberry Gummy]: I'm a junior in college. I heard that you can make money by investing in stocks, so I put all 1 yuan of my living expenses into it, hoping to earn some pocket money. Now the stock market has hit its daily limit down. What should I do? I'm waiting for an answer online, it's urgent.

[The most painful memories]: How could there be so many orders piled up during distribution? It's probably the market maker shaking out weak hands. Don't panic!
[Angry Guy]: Damn it, the father of the synthetic peptide vaccine has been exposed. This is a blatant scam. I bet even the big players didn't expect it to collapse like this.

A well-founded, real-name video report—the facts are right before your eyes.

If it's a short essay about the market, who would dare to reveal their workplace and appear on camera with their ID card?
Spreading rumors about companies is no joke; they could be arrested in no time.

With the collapse of Shancheng Beer, a leading company in the hepatitis B vaccine sector, other related stocks experienced a collective sell-off. Chuangyuan Technology fell 10%.

Dalian Refrigeration Co., Ltd. fell 10%.

China Animal Husbandry Industry Co., Ltd. fell 10%.

Guanghong Holdings rose 10%.

The "survival of the fittest" principle, where the strong get stronger and the weak get weaker, is currently playing out in the A-share market.

With the leading stock falling, Guangfu Pharmaceutical, a second-largest player, also hit its daily limit down, and other miscellaneous stocks related to curative hepatitis B vaccines also plummeted to their daily limit down.

If you want to play the short-term game, you must understand one principle: the leading stocks are selected by market funds. Their initial rise is a "value return", and what goes up is a bubble.

The value of the less popular stocks that follow the upward trend is given by the leading stocks. Once they pull back, they may not only erase the previous gains, but also become oversold due to panic selling.

While stocks related to curative hepatitis B vaccines experienced a collective correction, stocks related to preventative hepatitis B vaccines, which had been abandoned by market funds, finally saw a return to their intrinsic value.

The concept of curative hepatitis B vaccines has repeatedly broken new records recently, which has naturally led to a decline in the concept of preventive hepatitis B vaccines.

Tiantan Biological Products, which had fallen to 19.4 yuan in the previous trading day, is now trading at 20.29 yuan, up 4.59%.

"Retail investors are in!"

"Took the bait!"

As market funds poured into Tiantan Biological Products, Liao Guopei and Lin Guangchang were overjoyed. The series of traps they had set for the "heartbroken retail investors" finally yielded "fish".

"No rush to push the price up; let the fish bite more," Zhang Yang said with a faint smile.

The second step of the "Evil Fuchun Road Plan" is to take in the heartbroken retail investors of Shancheng Beer and then harvest them again.

At this point, some people might ask, "How did the 'Liu Guan Zhang gang' know that the heartbroken retail investors of Shancheng Beer were going to enter Tiantan Biological Products?"

Zhang Yang, Liao Guopei, and Lin Guangchang really didn't know which stocks retail investors would buy, but the only thing they were certain of was that retail investors would buy stocks related to preventive hepatitis B vaccines, and Tiantan Biological happened to be a technology leader, making it very conspicuous.

At this point, some people might ask, "How did the 'Liu, Guan, and Zhang gang' determine that retail investors would buy into stocks related to preventative hepatitis B vaccines?"

The logic is simple: since the curative hepatitis B vaccine has been exposed as fake, then the preventative hepatitis B vaccine must regain its value.

In layman's terms, if investing in curative hepatitis B vaccines is not feasible, then investing in stocks related to preventative hepatitis B vaccines should be fine, right?

……

While retail investors poured funds into stocks related to the cure for hepatitis B vaccine, the public relations team of Shancheng Beer was also busy, braving public opinion pressure to "refute rumors" about Jiachen Bio.

Today, Jiachen Bioengineering Co., Ltd. (hereinafter referred to as "our company") has noticed that false statements and related rumors such as "Jiachen Biosynthetic Peptide Hepatitis B Vaccine is ineffective" have appeared on online platforms, causing misunderstanding among some members of the public and adversely affecting the company's brand reputation.

To clarify the facts and eliminate misleading information, our company hereby solemnly declares the following regarding the relevant circumstances:

1. The therapeutic synthetic peptide hepatitis B vaccine is a Class I new drug in China and has been included in the National 863 Program and the National 973 Program. Currently, the project is in the clinical trial advancement stage, and the relevant research work strictly follows the national drug research and development standards and procedures.

2. As of now, our company's therapeutic synthetic peptide hepatitis B vaccine has not completed all clinical trials and has not been officially launched for sale. There is no basis for the evaluation that the product is "ineffective". The online rumors lack basic factual basis and are malicious misinterpretations or fabrications of the pharmaceutical research and development process.

3. Our company is a national high-tech enterprise integrating production, education and research. We have passed the national drug GMP certification and have a biopharmaceutical production workshop and research center that meet the standards. The entire research and development process is subject to supervision by relevant departments.

We urge the general public, investors, and media to obtain project information through official channels such as our company's official channels, stock exchange announcements, and public information from the National Medical Products Administration. Please do not believe or spread unverified statements.

We thank everyone for their long-term attention and support to our company's scientific research. We will continue to advance new drug development and strive to contribute to public health.
Shortly after the announcement, Shancheng Beer's legal department sent another lawyer's letter, targeting senior executives of its competitors who had filed real-name reports, including Qiao Lechen, Bing Yaojie, and He Jiani.

But is it useful?

It had absolutely no effect!

The public relations team of Shancheng Beer thought they could quell the online public opinion by issuing a clarification announcement and a lawyer's letter, but the development of the matter has long exceeded their expectations.

[Zero Degree Refrigerator]: You're trying to fool me again. If the hepatitis B vaccine is really safe, then show me the experimental data!

[I am not an inorganic substance]: Bro, just tell me the truth, is the synthetic peptide vaccine actually the CY-1899 vaccine? I'm already stuck with this, and I just want to know.

[Wulin Xiaoyu]: Is it a distortion of human nature or a decline in morality? How can there be such a bad company?
[The Night the Meteor Fell]: I can't sleep. I'm completely sleepless tonight. I'll be on guard duty as soon as I go in. If I could do it all over again, I definitely wouldn't touch Shancheng Beer.

The clarification announcement and lawyer's letter have been released, but there has been no change in online public opinion. The public relations team of Shancheng Beer immediately realized that the matter had slipped out of their control, or rather, they simply could not control it.

Seeing the traffic, a large number of self-media accounts swarmed around it like flies to dung, trying to ride the wave of popularity.

"A 10-Year Scam Exposed? Shancheng Beer Invests Billions of Yuan in a 10-Year Curative Hepatitis B Vaccine, Exposed as a Failed Product from American Cytel's CY-1899 Vaccine!"

A leading company in the curative hepatitis B vaccine sector has been exposed for fraud, causing a collective plunge in related stocks. Who should pay the price for this farce?

"Having taken the wrong R&D path, billions of yuan have been wasted; the value of Shancheng Beer has been severely overestimated!"

As online public opinion continued to ferment, Huang Minggui, the CEO of Shancheng Beer, had already taken in all the comments from netizens and articles from marketing accounts. His anger was like a volcano about to erupt, ready to burst at any moment.

"Hello, the number you dialed is currently switched off. Please try again later."

"Hello, the number you dialed is currently switched off. Please try again later."

"Hello, the number you dialed is currently switched off. Please try again later."

After several phone calls, Shao Xia's number was switched off, which made Huang Minggui realize that he had really been deceived for 10 years.

Shao Xia's actions are like buying a BMW, removing all the badges, and then claiming that he is going to develop a vehicle with performance comparable to BMW.

"Hello, the number you dialed is currently switched off. Please try again later."

The phone was switched off again. Huang Minggui had completely lost his patience. He was now 100% certain that Shao Xia was just using a failed product from the United States to deceive him, and that the other party was definitely going to leave the country now.

"Shao Xia, I've been so good to you, and you've lied to me for 10 years."

Huang Minggui's tone revealed a ruthless intent as he began searching through his phone's contacts. He wanted to immediately issue an arrest warrant for Shao Xia on charges of fraud.

As for Shao Xia, when Shancheng Beer's stock price rose at 9:30, he thought he didn't have to leave, which caused him to miss his 10 o'clock flight. Now he can only leave Shancheng first to avoid being found by Huang Minggui's network of connections.

……

At 3 p.m., the A-share market quietly closed.

The Shanghai Composite Index surged 4.76% to close at 2911.72 points, with a trading volume of 931 billion yuan, opening higher and continuing to rise throughout the day.

The Shenzhen Component Index also surged, closing at 11801.23, a gain of 5.3%, with a trading volume of 523 billion yuan.

Although the collapse of Shancheng Beer caused a brief fluctuation in the A-share market today, the banking sector performed so well that the market stabilized in less than half an hour.

At this moment, Wang Yawei, who was far away at the Shanghai branch of China Asset Management, was unable to calm down for a long time as he looked at the closing price of Shancheng Beer.

"What went wrong?"

"Is this my trading style?"

"Or am I just really unlucky?"

Wang Yawei couldn't understand it.

Since selling most of his stocks in June, his investments have never gone smoothly, and he has always managed to accurately time the market top.

Not only Wang Yawei, but also Chang Shishan, the manager of Shitong Private Equity, who had not suffered a defeat in recent years, was now questioning his life. He had already had someone check, but there was not a single piece of information about "Mr. J".

This person seems to have appeared out of thin air, setting up a trap for them out of nowhere.

“Mr. J…”

Who exactly is Mr. J?

Chang Shishan kept muttering to himself.

Not only Chang Shishan, but also He Zhen, Chen Shan, Ge Weidong and Xu Xiang are doing their best to dig out information about "Mr. J".

While they were trying to find any clues about "Mr. J", Zhang Yang, far away on Caiyan.com, was already taking stock of his "spoils of war".

The 1978.06 million shares were traded at an average price of 71.9 yuan, totaling 14.222 billion yuan. The "Liu, Guan and Zhang gang" now has 14.422 billion yuan in available funds.

In addition to the shares already cashed out, they also hold 1991.85 million shares of Tiantan Biological Products, which closed at 21.34 yuan due to the stock price hitting the daily limit, bringing the total value of this portion to 4.2506 million yuan.

With 14.422 billion yuan in available funds, 4.2506 million yuan in outstanding funds, and 8000 million yuan in collateral, the "Liu, Guan, and Zhang gang" is just one step away from the 20 billion yuan mark.

"How much of the available funds have been recovered?"

Liao Guopei couldn't wait to ask.

Zhang Yang, who had just finished the calculation, did not hide anything and said with a faint smile: "14.422 billion Chinese yuan. If Shancheng Beer drops another limit down and Tiantan Biological rises another limit up, our paper wealth will be 20 billion yuan."

"hiss!"

"I rely on!"

Liao Guopei gasped.

Lin Guangchang couldn't help but utter a phrase about Chinese culture, as he never expected the goal of 20 billion Chinese yuan to be achieved so quickly.

"20 billion, that's fast..."

He swallowed.

When the three of them first gathered in Zhangjiang, they had over 1 million yuan in available funds.

Four months later, the available funds of more than 100 million yuan turned into 2 billion yuan, a terrifying 20-fold increase.

"As the amount of capital grows, it naturally snowballs faster and faster. 90% of Buffett's wealth was earned after he turned 60."

Zhang Yang said calmly.

Why is initial capital accumulation so important?
To give a mathematical example, let's compare people who earn 3000 a month with those who earn 6000 a month.

Assuming they don't eat, drink, or spend anything, the person earning 3000 a month can save 36,000 a year, while the person earning 6000 a month can save 72,000 a year. On the surface, their incomes differ by a factor of two, but in reality, the difference is more than double because the interest income from bank deposits is not included in the calculation.

To make it more intuitive, let's start from the 10th year. A person earning 3000 a month can deposit 36 into the bank, while a person earning 6000 a month can deposit 72. Taking a 5% annualized rate, the person with 36 can earn 1.8 a year, while the person with 72 can earn 3.6. In other words, the person earning 6000 a month can earn 1.8 more in savings.

Of course.

This is a specific example.

In reality, the difference is more than 1.8 Chinese Yuan.

The importance of initial capital accumulation is only truly understood by those who have actually saved their first million or ten million.

……

Time flies, and in the following five trading days, due to Jiachen Bio's continued lack of response, Shancheng Beer's stock price spiraled out of control.

On October 12th, Shancheng Beer fell 10%, closing at 61.19 yuan.

On October 13th, Shancheng Beer fell 10%, closing at 55.07 yuan.

On October 14th, Shancheng Beer fell 10%, closing at 49.56 yuan.

On October 15th, Shancheng Beer fell 10%, closing at 44.6 yuan.

On Friday, October 16th, Xu Xiang and Ge Weidong originally planned to launch a counterattack and cut their losses to save themselves, but Shancheng Beer released a new response at an inopportune time.

[Shao Xia, the person in charge of Jiachen Biotechnology, has been transferred to the public security authorities. The results of the investigation will be released to the public as soon as they are available.]
The fewer the words, the bigger the story.

Shancheng Beer's latest response has completely trapped both institutional and retail investors who were bullish, causing Shancheng Beer's stock price to close at the daily limit down again, at 40.14 yuan.

After six consecutive days of limit-down trading, not only did institutional managers such as Xu Xiang, Ge Weidong, Wang Yawei, and Chang Shishan fall silent, but retail investors also began to question their very existence amidst this market crash.

That night, a post titled "Eating and Crying at the Same Time" was published on the Shancheng Beer Exchange Community of Caiyan.com.

[When I got home today, I cooked some noodles and ate them while crying. Tears dripped into the bowl. I didn't turn on the light.]
In an instant.

Countless retail investors who bought the same ticket were moved to tears.

[Past Events Gone with the Wind]: Six days, six limit-up days, from 75.54 to 40.14, a drop of half. I also lost half my money. I guess I'll just have to share the loss, sob sob sob.

[Coconut Milk is so delicious]: I invested my entire savings of over 30 yuan, which cost me only 75 yuan to make, into this. You guys cook noodles, I eat instant noodles, and we both have wonderful lives.

[Call Me Li Xiaoyao]: Tears fall into the bowl because there's no salt, I eat noodles because they're easy to swallow, I turn off the lights to save electricity, you son of a bitch who faked hepatitis B vaccines, I'll fuck your mother!

[The monk said Yuan but not Yuan]: Waaaaah, I understand you, brother, waaaaah, I'll go to the kitchen right now to cook some noodles and have a bowl with you!
(End of this chapter)