615 Chapter 597 - TOEIC

Chapter 1994

Brazil wins the World Cup soccer tournament.

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The city of ice in the middle of summer is bustling with activity.

The whole city was in a state of agitation.

Recently a major event occurred that affected the lives of many people and even the rhythm of the entire city's operation.

The premium appliance sections of malls such as Autumn Woods, One Hundred, etc. were emptied of all imported appliances large and small. Several real estate developers sold out of their inventory of homes. Several car dealerships were also overcrowded.

A whole city of people, getting rich overnight.

They all got rich for the same reason, the IPO of Full Color.

The stock of Full Color has more than 50,000 holders, that is, 5% of the one million people in the city who got rich overnight.

The impact of paper wealth, from the Department of Photonics, and the gradual expansion outward from the University of Technology.

In the famous black market stock square, there was also a lot of laughter. The people who held the stocks were finally holding the clouds and having the last laugh.

There is a stark contrast between the inside and outside of the stock hall, where there are few people, and the bustling outside. This is also a stark contrast in real life.

On the black market, basically all ticket sellers are getting rich from full color.

In the lobby is the secondary market, the secondary market has been falling for almost a year. A lot of stock investors run to take a look in the morning, see the market is then down, lift their legs and leave, but not much delay in work.

It was as if there were two worlds inside and outside the stock exchange.

Inside it was a frozen world, while outside the front door the sun was shining.

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But not all the stock exchanges are empty. Cheng Yongxing is sitting on the other side of the city, in the big account room of Jiang Hai Securities.

Stock trading is a new thing in China, and there are not many stock trading places in Ice City, and the stock hall above the New World Department Store is the closest one to the University of Technology.

Liu Xuan, Zhang Yan, and a group of foundation representatives were gathered around the table with teachers from IU.

This is the first attempt of the fund to invest and increase its value after the funds have been received.

This part of the work will be taken over by Xuan Liu in the future, and she is now watching and learning from the sidelines.

Today's visitors are representatives of several organizations, one of which has ties to Cheng Yongxing, two funds, the talent fund, and the treasurer of the foundation fund.

The School of Testing and the School of Semiconductors, as well as the Finance Office of IUT, have also prepared their own funds and handed them over to the two funds. Together with the two funds, they have prepared one billion dollars in cash to enter the secondary market and test the waters.

This attempt was also the first time Cheng Yongxing actively intervened in history, or at least in stock history.

It's hard to say whether the three bailout policies will affect the August bailout. He is also going to take the opportunity to test it and see if there are any side effects.

In the original history, the stock market would have bottomed at the end of July and after a brief rally in August, would have entered a two-year bear market again.

While the stock market is plummeting, China's economy, especially the financial sector, is still growing rapidly, so it is time to make long-term investments in the secondary market.

Cheng Yongxing, Liu Xuan and others have been staying in the ice city for some time now. The accounts of several entities have only been transferring funds one after another. Domestic financial controls have always been strict, and it is difficult for money to come in or go out, especially for large sums of money.

The two funds presided over the account, each currently have 200 million in cash in the account.

In the past two days, Cheng Yongxing has mainly been setting rules for the invited manipulators.

The main idea is to buy top-performing stocks, especially high-growth top-performing stocks, such as Shenzhen Development. Cheng Yongxing doesn't speculate in A shares, and doesn't remember many stocks, except for Shen Development and Shen Vanke.

Many stocks have undergone multiple name changes, and looking at unfamiliar company names makes him even more confused. He could only rely on setting rules to avoid risks.

In addition to top performers, another condition was large-cap stocks. The stocks listed during this period were not only small in size, but also had a concept of liquidity. At this time, the market capitalization of the so-called large-cap stocks is only one or two hundred million, and the market value of the outstanding shares is even less, only ten or twenty million.

The fund basically does not touch stocks of this size. Everyone's physique is completely unequal. If you buy too many, the fund's buy order itself is the market. If you buy less, it's meaningless again.

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Monday, July 11.

The stock market opened with a slight decline, 436 points.

With the help of traders, both accounts started putting in buy orders.

Shenzhen Development, an indicator stock, was pinned at $9 by 10,000 lots of buying orders as soon as the market opened.July 11 was the ex-date for Shenzhen Development, which should have opened at about 8.7. But the big buy orders pulled the stock up at once.

Other stocks, too, operated in the same way, with many large-cap stocks being held up by big buy orders and pinned to fixed prices.

The main purpose of this intervention in the secondary market was to diversify the investment, with the aim of holding it for the long term, so that the range of purchase prices was relatively loose. The general policy is to keep investing in buy orders regardless of the market or the index.

The buy orders of a few funds are too large for the stock market at this time.

You know the stock market's daily turnover, the highest time only a few hundred million, the worst time, not even ten million.

So their handwriting is definitely a big buy order.

The volatile stock market rose briefly due to the intervention of the two major funds, but in the afternoon, the market slowly fell again, driven by the sell-off of other stocks.

Throughout the day, the funds did not actually succeed in buying many stocks, perhaps because the stockholders found pallets of people, and not much volume was traded on these buying orders.

Cheng Yongxing instructed the manipulator to change his strategy and continue to raise the bid price, thus collecting chips.

The underlying of the stock was only the top performers and growth stocks. Even though he was well aware of the big rally a month later, the highest gains were in low-priced stocks.

But the purpose of this intervention in the stock market, holding stocks will be at least 10 years to make plans, all non-conforming stocks, did not touch.

Of course, Cheng Yongxing also set the rules for the manipulators, that is, do not interfere with the market too much, if the market rose more than 1%, then give up to buy.

Otherwise, just the two funds and the related funds of the University of Industry are enough to pull the stock market up from the bottom.

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After two days of friction, Cheng Yongxing took his focus away from the stock market. The domestic stock market was too small to be worth his time and effort.

However, his influence did not dissipate, and the behavior of large funds to prop up the market was quickly noticed by many people.

Especially in the capital market, many big investors and institutions were inquiring about the source of funds through various channels.

All kinds of rumors swarmed out, and the news of the country's bottoming out circulated everywhere.

And the trading behavior of several funds does fit the definition of bottoming funds. The fact that as soon as the stock market rises, the related buy orders disappear makes this claim more and more credible.

But for the big funds, they have very strong information channels and are quick to identify the source of the funds. In particular, the local funds in the city of Bing, have been clearly aware that the buy orders are from the University of Technology.

The black market money in the Ice City market, in general, had a great run some time ago and is in a phase of extreme financial abundance, and everyone is actively looking for the next full-color stock.

There are two new entities in the photonics department ready to issue stock, one is Colorful and the other is Photonics Trade, so everyone is ready to rub their hands and get another piece of the pie.

In the secondary market, originally, we don't touch it, the first level does the first level, the second level does the second level, we are all distinct, each do what we are sure of.

The secondary market relies on capital and technology. The primary market relies on news and contacts.

But this practice was broken in July.

People from all walks of life gradually converged on the New World Department Store.

A group of ticket sellers poured into the stock hall and opened accounts.