Shadow of Chinese Entertainment

Chapter 309 Selling Stocks

The three spent a few more days in the United States and reached a specific cooperation agreement with Lehman Brothers.

It wasn't until mid-September, when autumn was in full swing, that Hu Xiaobei and his two companions embarked on their journey back to China, filled with a sense of accomplishment and anticipation.

At this time, "Mulan" was a global box office hit, topping the North American box office for three consecutive weeks, and discussions about the "Mulan spirit" and Eastern aesthetics remained high on social media.

The return of Hu Xiaobei and his two companions naturally attracted media attention and caused quite a stir.

Therefore, as soon as An Xiaoqian returned to China, she was like a dragon entering the sea, and actively joined a new wave of film promotion activities.

She first gave an interview to CCTV, sharing interesting stories behind the filming of the movie, and even imitated Mulan's classic horseback riding and sword dancing moves in the movie, which made fans shout "Dao Ma Dan" (a female warrior in martial arts).

In addition, she attended several film promotion events and interacted with the audience face-to-face.

The discussion ranged from the spirit of Mulan to the growth of contemporary women, creating a lively atmosphere. Many attendees expressed their intention to watch the film two or three times to support Mulan.

With a professional security team providing full escort, An Xiaoqian's promotional trips in various places proceeded smoothly, and she became the focus of attention for the media, movie fans, and fans wherever she went.

Unlike other countries, China doesn't have the kind of situation where "free America is filled with shootings every day." There are professional security teams in China, so Hu Xiaobei isn't too worried about security.

In the following period, Hu Xiaobei kept instructing his team to sell the shares held by the three individuals in a reasonable manner.

At this time, the A-share market was at the height of its bull market, with the Shanghai Composite Index breaking through the 5300-point mark.

The electronic screen in the securities brokerage office was bathed in the crimson glow of the sunset. An old man in a t-shirt, smoking a cigarette, pointed out the world, while many young white-collar workers clutched their pay cards, queuing up to open accounts.

The TV was showing a clip of An Xiaoqian imitating Mulan on CCTV, as well as a scene from the movie where Mulan, dressed in a red battle robe, reins in her horse and brandishes her sword.

The old man in the front row suddenly slapped his thigh, ash from his cigarette falling onto the transaction slip, and exclaimed excitedly, "Haha, this girl is all red! She's even more eye-catching than the steel stocks that hit their daily limit today!"

The surrounding investors all looked up. Some stared at the TV and clicked their tongues in amazement, some laughed, and others joked, "If that red cape were a stock, wouldn't it have hit ten consecutive limit-up days?"

Amidst the rising and falling laughter, that splash of red happened to collide with the red light on the electronic screen, resembling the glaring limit-up lines on the trading board.

The red light reflected off the red robe, and the red of the battle robe and the red of the stock chart overlapped in the twilight of September. It was hard to tell whether the flames of war in the play had entered reality, or whether the desires of reality had ignited the "stage".

However, behind this seemingly prosperous scene, there are also hidden worries.

Some previously strong sectors, such as non-ferrous metals and coal, have shown signs of stagnation, with stock prices fluctuating repeatedly at high levels, as if they are making a final struggle.

While some small and mid-cap stocks may occasionally show outstanding performance, their overall trend is becoming increasingly weak, and investors' attention is gradually decreasing.

In stark contrast, large-cap blue-chip stocks continued their strong momentum, with heavyweight stocks such as banks, insurance companies, and securities firms acting like tireless Hercules, constantly pushing up the index.

Even so, many individual stocks have already lost their momentum and are unable to keep up with the ever-rising index.

Hu Xiaobei watched all this quietly, unmoved as a mountain, as steady as an old dog, and as steadfast as a rock.
Having lived two lives, he knew all too well that this bull market was like a spectacular fireworks display, bursting forth with dazzling brilliance in the night sky.

But behind this brilliance lies a spent force.

Less than a month remains until the Shanghai Composite Index peaks at 6124 points on October 16th. That will also be the turning point for the A-share bull market to reach its zenith and begin to decline.

Hu Xiaobei didn't remember the exact peak index, but he knew the approximate time and was even more certain that the A-share market would definitely be fine in the days around National Day.

Over the course of the month, Hu Xiaobei and his two companions gradually sold off their shares of Hudong Heavy Machinery at an average price of 281 RMB per share. (PS: At its peak, the share price was 300 RMB per share.)
The three individuals nominally hold 1300 million, 2600 million, and 2600 million shares respectively, totaling 6500 million shares.

In reality, An Xiaoqian and her mother privately held 1150 million and 2300 million shares respectively, while Hu Xiaobei held 3050 million shares.

Therefore, Liu Xiaoli made a profit of 32.2 billion RMB after selling her shares in Hudong Heavy Machinery, An Xiaoqian made a profit of 64.4 billion RMB, and Hu Xiaobei made a profit of 85.4 billion RMB.

In addition, Hu Xiaobei sold 1500 million shares of Haitong Securities at an average price of 61 RMB per share, making a profit of 9 million RMB. (PS: The highest price was 68 RMB per share)
As for the 15 shares of Tencent stock I bought earlier, I sold them all at an average price of 70 RMB per share, making a profit of 0.1 million RMB. (PS: The highest price was 72 RMB per share)
In other words, Hu Xiaobei made a total profit of 94.5 billion RMB, and the three of them made a total profit of 191.1 billion RMB.

The money will be used for several purposes.

First, 100 million RMB will be allocated to establish a Crystal Charity Fund for initial charitable investments, with the amount of investment gradually increasing later.

The Crystal Charity Foundation will be guided by the core concept of "Lighting Up the Future" and will dedicate its funds to three major areas of public welfare.

Firstly, the "Dream Building Scholarship Program" was implemented to help students from economically disadvantaged families complete their studies from primary school to high school by providing scholarships and learning subsidies.

Those who excel in their studies can continue to apply for university scholarships.

Secondly, the "Protecting Childhood Action" was launched to provide living supplies, psychological counseling, and medical assistance to children in difficult circumstances, with a focus on helping vulnerable groups such as orphans and left-behind children.

Third, we will carry out the "Hope Campus Project" to donate and build standardized teaching buildings, libraries, laboratories and other teaching facilities in remote mountainous areas.

All buildings strictly adhere to national standards, employing seismic-resistant frame structures and seismic isolation technology, and utilizing high-strength seismic-resistant building materials.

At the same time, targeted seismic design optimizations were carried out based on the local seismic fortification intensity level.

A professional supervision team was brought in to oversee the entire construction process, ensuring that the building has high seismic performance and creating a safe and reliable learning environment for teachers and students.

In addition, the foundation will introduce a third-party auditing firm to conduct annual financial reviews and supervision, and will regularly publish the flow of every fund on its official website every month to ensure the openness and transparency of the use of donations.

It is worth noting that the Crystal Charitable Foundation does not accept any form of donation other than those from the founder and his company.

Secondly, in the coming months, approximately 30 billion RMB will be invested in various industries across the country.

These companies are either full of potential or established enterprises. They were all carefully selected by Hu Xiaobei, and they can basically guarantee a steady profit. It's just a matter of how much or how soon you make it.

They will also withdraw one billion RMB, with the three of them keeping 2 million, 4 million, and 4 million RMB respectively for future use.

Finally, the remaining 150 billion RMB will be exchanged at the current exchange rate of 1:7.47, equivalent to a little over 20 billion USD.

Then, at an average price of $55 per share, all of these funds were used to buy Lehman Brothers stock.

(End of this chapter)