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

Chapter 52 Fake Academician Bao Xingwei
Sichuan and Chongqing, the land of abundance.

Southwestern University of Finance and Economics.

Southwestern University of Finance and Economics was originally founded in Shanghai in 1925 as Guanghua University. In 1938, Guanghua University moved to Tianfu and established the Tianfu Branch of Guanghua University. In 1946, it was renamed Chenghua University.

Subsequently, in 1952-1953, the finance and economics departments of 17 colleges and universities in Southwest China were merged into Chenghua University to form the Sichuan-Chongqing Finance and Economics College, which was finally renamed Southwestern University of Finance and Economics in 1985.

It is no exaggeration to say that the financial and economic teaching resources in Southwest China are basically concentrated at Southwestern University of Finance and Economics.

However, in this investment studies class, Dean Shu Tianyi of the School of Finance, looking at the 194 graduating students in the lecture hall, stated bluntly:
“You are the worst class I have ever taught. Not one of you achieved a 40% return in the Huaxin Simulated Trading Competition. To be honest, if conditions allowed, I would really like to extend your studies by a year so that you don’t embarrass Southwestern University of Finance and Economics.”

Shu Tianyi was clearly angered by the blunt reprimand.

In previous years, Southwestern University of Finance and Economics consistently ranked in the top three, if not aiming for second place or even first. However, this year they actually ranked behind Jiangsu University of Finance and Economics.

Of course, he didn't look down on Jiangsu and Zhejiang universities; rather, he believed that everyone has their own area of ​​expertise.

In terms of overall strength, Jiangsu and Zhejiang University far surpasses Southwestern University of Finance and Economics. However, when it comes to the strength of financial faculty and the quality of students, Southwestern University of Finance and Economics has always been ahead of Jiangsu and Zhejiang University, and even Tsinghua and Peking University.

This is similar to the difference between general hospitals and specialized hospitals. General hospitals can treat all kinds of diseases, but specialized hospitals, such as those specializing in andrology, ophthalmology, and dentistry, focus on only one area. Their medical resources are definitely richer and they are more experienced than general hospitals.

None of the students in the audience dared to look up, afraid of making eye contact with Shu Tianyi.

Their low returns are due to the recent extreme volatility in the A-share market.

When the Huaxin Simulated Trading Competition started on March 9th, the Shanghai Composite Index was at 2205 points. It then plummeted by 3.39% that day, falling to 2118 points. However, it was still more than 300 points higher than the bottom in December 2008.

Logically speaking, a rise of this magnitude should be followed by a correction, or at least a period of sideways consolidation, given the trapped positions from the 6000-point low in 2007.

However, the A-share market had its own ideas. In 33 trading days, it surged to 2579.22. Although it eventually fell back to 2461.35, this round of rise was still very impressive.

The market bottomed out in December, and the rally began in January 2009. In just over four months, the index rose from 1814 points to a high of 2579 points, a gain of 765 points. Who could have predicted that the A-share market would surge so dramatically?

It's not just the dean of the School of Finance at Southwestern University of Finance and Economics who is reprimanding students; deans of the School of Finance at other financial universities are also reprimanding students, expressing their incomprehension as to why they have been surpassed by Shanghai University of Finance and Economics.

The dean of finance at the Central University of Finance and Economics was a bit different; he simply stopped showing his face altogether and had others handle the internal referrals from securities companies, as he couldn't bear the embarrassment.

The Huaxin Simulated Trading Competition, which lasted 45 days and 33 trading days, left other finance and economics universities, except for Shanghai University of Finance and Economics, dissatisfied with the results, but they had no choice but to accept them.

……

Shanghai University of Finance and Economics.

A modified Coaster bus headed straight for the first teaching building. In principle, vehicles are not allowed to pass through the teaching area, but the Coaster defies the rule.

Not a moment.

The Coaster arrived at the teaching building.

An elderly man with gray hair, wearing a simple blue-gray striped polo shirt and a thin figure quickly got off the bus.

Judging from his appearance alone, someone who didn't know him would think he was an ordinary retired old man.

But only the employees of Shanghai University of Finance and Economics knew that this man was Bao Xingwei, the dean of the School of Finance, who was known as the "fake academician".

Why is he called a fake academician?

In China, academicians are divided into academicians of the Chinese Academy of Sciences and academicians of the Chinese Academy of Engineering.

Academicians of the Chinese Academy of Sciences have made their achievements primarily in the natural sciences, while academicians of the Chinese Academy of Engineering have made their achievements in engineering science and technology.

China's financial system was established relatively late, so when selecting academicians in finance, the focus is usually on the field of financial mathematics. The Chinese Academy of Sciences has not yet established an academician seat in the field of value investing.

In 1997, Wall Street capital, led by George Soros, swept across Asia with hundreds of billions of dollars, leaving nothing but devastation in its wake and bringing Hong Kong's financial system to the brink of collapse. At the time, Bao Xingwei, a member of the "national think tank," proposed releasing information that $1400 billion in foreign exchange would be used to bail out the market. It was this radical idea that frightened Wall Street capital into fleeing in disarray, marking the first defeat for Jewish capital.

After this battle, although Bao Xingwei is not an academician of the Chinese Academy of Sciences or the Chinese Academy of Engineering, his reputation far surpasses that of academicians.

Unfortunately, due to the lack of academician titles, the investment program at Shanghai University of Finance and Economics has never been able to achieve an A+ academic rating like the accounting program.

"Mr. Bao, this is the classroom up ahead." The assistant secretary saw the target classroom number from afar and went into the lecture hall first.

Wang Xingbang noticed someone coming in and glanced at the doorway, where he met the gaze of Bao Xingwei, who had just entered.

"Old Bao!"

He suddenly jerked up, turning two steps into one, and hurriedly stepped down from the podium.

The senior students who had returned from various securities companies, who had originally been standing tall and composed, all bowed their heads when they saw Bao Xingwei, to show their respect for him.

"Mr. Bao, what brings you here?"

Wang Xingbang heard from senior figures in the industry that Bao Xingwei was in poor health due to his advanced age and had been recuperating in Yanjing for the past two years.

“I heard a few days ago that the simulated trading returns of this year’s students far exceeded those of previous years, and one student even achieved a return of nearly 60%, so I made a special trip back to see.”

Bao Xingwei explained his purpose.

Although he is the dean of the School of Finance at Shanghai University of Finance and Economics, he hasn't visited in recent years, making him somewhat of an honorary dean.

When Zhang Yang saw Bao Xingwei, a rare look of excitement flashed in his eyes.

He had heard the old man's legend countless times, but it seemed they were not destined to meet in their past lives.

Seeing you today has put my mind at ease.

Unlike Zhang Yang's restraint, the other students were so excited that their faces turned red, and they all took out their phones to take pictures.

Many people may not understand the significance of going to university, thinking it is just a place to obtain a diploma, but in fact, university is more like a pure land opened up between different social classes.

At university, you can make friends with students from wealthy families, chat with authoritative professors in your field, and even meet academicians.

Those who study medicine understand this best.

After all, you can ignore the teachers in school, but once you leave school, you might not be able to get an appointment with a top expert even if you pay hundreds or thousands of yuan.

"This is the first time I've met Dean Bao in my four years of university!"

"Hey, what do you think he's here for?"

"Is that even a question? He's definitely going to share his experience with us. This guy is the 'Zhuge Liang' of the Hong Kong financial defense think tank."

"Do you think there's a possibility that Dean Bao might recognize my extraordinary talent and then vie to take me on as his last disciple?"

"Not awake?"

"If you're still not fully awake, I've been feeling a bit feverish these past couple of days. Should I try to wake you up with some homemade concentrated iced tea?"

While the students were whispering, Wang Xingbang spoke with Bao Xingwei about something, then glanced at He Jing and said, "He Jing, come out for a moment. Dean Bao wants to see you."

感谢所念皆星辰大佬的打赏和月票，感谢北纬44de、半吊子1、筱叶ZHANG樟道、隐剑客欢乐多、G98g、萌沐兮、理想在东大、书友20240818159_aB、时光的旅人书友2018……9530、Northone众多大佬的月票，感谢赠送推荐票和每天追读的读者大佬，非常感谢。

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(End of this chapter)