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

Chapter 49 Embarrassed
Tuesday, June 21nd.

The outflow of billions of yuan in main funds in the previous trading day already foreshadowed today's lower opening. In less than ten minutes after the opening, the main funds had already fled 42 billion yuan, causing a staggering drop of 2.24%, and it is still falling, about to break through the key support level of 2500.

The sudden sharp drop in the market has led to a divergence in retail investor funds.

Some investors panicked and fled, fearing they would be trapped again at 1800 points.

Some aggressive investors increased their positions, believing that the market would rise to 6000 points as predicted by experts, and that this was just a short-term fluctuation.

The inability of retail investors to pool their funds has made them easy prey for others.

At 10:00 AM, the Shanghai Composite Index dropped to 2499.6 points. Just when everyone thought the support level had been broken and the market was about to plummet, the major players started to push up the banking index to stabilize the overall market.

China Construction Bank, which had fallen from 4.53 yuan to 4.43 yuan, was pulled back to 4.47 yuan, and then began a "weaving" trend, fluctuating back and forth between 4.47 yuan and 4.46 yuan.

The stabilization of the banking sector also provided strong support for the overall market.

Subsequently, thanks to the positive impact of the Sino-Russian oil cooperation agreement, China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec) rebounded from their declines, which in turn helped the energy and insurance sectors stabilize.

After the market stabilized, a summary of the "Detailed Rules for the Implementation of the Home Appliance Subsidy Program in Rural Areas" was also released. The meeting pointed out that the subsidy review and payment procedures should be greatly simplified, and the time for farmers to receive subsidies should be shortened from the original 33 days to within 15 working days.

Positive news that met market expectations led to varying degrees of gains for Gome in Hong Kong and Gree in mainland China.

With the market closing at 3 p.m., the A-share market recovered from a low of 2499.6 points to 2535.83, with a trading volume of 1549.82 billion yuan, an increase of 144.67 billion yuan compared to the previous trading day.

Seeing increased trading volume and a lower shadow on the candlestick chart, retail investors might think that the market has sufficient support below and can continue to rise.

However, according to professional institutions and securities practitioners, the A-share market is already in a precarious state, and some people are now trying to unload their shares, using the manipulation of bank stocks as a cover.

why would you say so?

Throughout the day on the 21st, small and mid-cap stocks were in a correction phase, while only large-cap stocks were rising.

What kind of funds drive up large-cap stocks?

This is definitely not speculative capital, because speculative capital does not have this amount of funds.

Excluding speculative funds, the only ones driving up large-cap stocks are institutional investors.

If an institution wants to unload its shares, it cannot allow the market to fall, because if the market falls, retail investors will run away. It must create the impression that the market will continue to rise.

As a bellwether sector for the bull market, the securities sector saw Huaxin Securities plummet by 2.91%, indicating that the Shanghai Composite Index desperately needs a sharp drop to "scare away" retail investors.

……

After the A-share market closed, Zhang Yang and He Jing, who were trading in the library, did not go to class but went straight to Fudan University next door.

In 2009, the university remained largely open; visitors from outside the university could enter and tour the campus simply by registering their information.

Of course, if it's a university like Jiangcheng University that has developed into a tourist attraction, you need to make an appointment in advance to visit.

Fudan University is a member of the "C9 League," which includes Tsinghua University, Peking University, Shanghai Jiao Tong University, Nanjing University, Zhejiang University, University of Science and Technology of China, Harbin Institute of Technology, and Xi'an Jiaotong University. These are all top-tier comprehensive universities in China and the dream of countless students.

Although the concept of the C9 League was established in October 2009, these nine universities have always cooperated and exchanged ideas. However, after proposing and establishing the C10 League, the depth of cooperation can be further enhanced.

Shanghai University of Finance and Economics has a certain reputation in Shanghai. After Zhang Yang and He Jing showed their student IDs and national ID cards, the security guards at Fudan University chose to let them through directly.

After going around in circles, the two met He Jing's friends from Fudan University.

The other person was a girl with a single ponytail, about 1.6 meters tall, wearing long ripped jeans, white sneakers, and a black patterned short-sleeved shirt. She was greeting He Jing at the moment.

Hello, Sister Jing.

"Jiebao".

When best friends meet, they are especially warm and affectionate.

After exchanging a few pleasantries, the girl He Jing called "Jie Bao" looked at Zhang Yang and sized him up, saying, "Is this your boyfriend, Sister Jing? You have good taste."

“His name is Zhang Yang, we’re just ordinary friends.” He Jing corrected him, glancing at Zhang Yang out of the corner of her eye to see his reaction.

Zhang Yang wasn't some innocent young boy, so this misunderstanding wouldn't elicit any special reaction from him. Instead, he extended his hand and said, "Hello, my name is Zhang Yang."

"Kong Jie, the Jie as in clean." The other person seemed to care a lot about his name, observing Zhang Yang's facial expressions as he shook hands.

This is because after the broadcast of "Bright Sword" in 2005, the main characters of the TV series, such as Li Yunlong, Chu Yunfei, and Kong Jie, became popular all over the country.

And her name happens to sound the same as Kong Jie's. Many times when she says her name, people will tease her by asking, "Do you know Li Yunlong?" and the line "So satisfying!" from TV dramas. Although she knows that the other party has no ill intentions, who can tolerate teasing forever?

Fortunately, Zhang Yang didn't think about film and television dramas and was unaware of the other party's intentions.

He Jing: "Jiebao, didn't I tell you last time that a friend of mine wants to build a financial website? He's the one. You two should have a good talk."

"Hmm." Kong Jie glanced at He Jing, then looked at Zhang Yang and suggested, "Let's go sit down in the cafeteria and chat. There aren't many people there this afternoon."

"It will be all right."

"Let's go then."

……

The three of them moved to the Fudan University cafeteria and found a secluded corner.

After sitting down, Kong Jie asked, "What kind of financial website do you want to create? Will you build it yourself, or outsource part of it?"

"My current idea is to build a financial information platform with a paid subscription function for research reports, real-time A-share and Hong Kong stock market updates, and finally a community section for retail investors to communicate."

Zhang Yang gave a rough estimate of his needs, then asked, "How much do you think it would cost to build it myself?"

After listening carefully, Kong Jie replied, "If it involves real-time stock market data, you need to apply to the relevant departments for financial information service qualifications and obtain the corresponding licenses."

"Let's calculate the costs now."

As soon as he said that, Zhang Yang silently turned on his phone's recording function to record the entire cost of building the website.

"Domain name, around 100 yuan per year."

"As for the server, considering the low website traffic in the early stages, you can consider an entry-level virtual host to save costs, with about 100-200MB of space, supporting PHP/MySQL, and costing about 500-1000 yuan per year."

"You can also use a dedicated server, such as the currently mainstream IBM x3650 or Dell PowerEdge R710 server, which costs about 3.5 yuan per unit."

“Financial websites require real-time data transmission. A 100M shared bandwidth would cost approximately 1-2 yuan per year. If an independent IP address and database service are required, an additional 500-1000 yuan per year would be needed.”

"UI design for homepage, list page, content page, etc. can be outsourced. The full package price is approximately 1 to 3 yuan."

"And there's also the development of a membership system..."

……

When the costs were listed, Zhang Yang suddenly felt his pockets were empty. Interactive financial websites were really too expensive, and they also needed to access third-party financial data, which started at 8 yuan.

All things considered, setting up a multi-functional financial website that integrates interaction, real-time market analysis, and information subscription would cost at least 60 yuan, not including the cost of attracting users.

Of course.

Alternatively, one could settle for second best.

You don't need that much money to build a basic consulting website.

After hearing about the cost of building the website, Zhang Yang couldn't help but exclaim, "It seems that building a website is really not something you can do casually; it's so expensive."

"The main reason is that you want to create a financial website, like the most popular one in recent years, Eastmoney.com. They have an independent server cluster + CDN acceleration + encrypted transmission. They've spent millions just on feature development," Kong Jie replied to Zhang Yang with a faint smile.

"understood."

Zhang Yang already had a clear idea in his mind.

The reason he inquired about website building costs was mainly because he didn't quite understand the specific costs of building a website in 2009. In his previous life, he had never gone down this path before, so it was a matter of feeling his way across the river.

If we look at it 20 years from now, building a website won't cost so much. Renting cloud servers will significantly reduce hardware costs. Some website building platforms also offer front-end templates that can be applied with a single click.

Now that things have come to this, Zhang Yang has decided to first increase his own financial resources before even considering starting a financial interactive website.

(End of this chapter)