Chapter 295 A Test for Everyone
On Tuesday night, the US-listed innovative drug sector experienced a slight pullback.

Of course, Lin Lang definitely didn't go.

After signing the papers around 6 a.m., he went straight to Yang Xi with his clothes, planning to shoot some more in the morning.

As for the market opening in the morning, he didn't plan to go.

Yesterday has passed, and the main focus was on preventing unexpected events and assessing market sentiment.

As a result, market sentiment was very strong, and there wasn't much money left.

I did receive some money yesterday, but it was in US dollars. It will be credited to Tianjin Global Selection today.

There are some subscription funds available, but Yan Li's video was released quite late yesterday, and the funds haven't reacted yet. If we want to enter the market, we'll have to wait until tomorrow at the earliest.

For established mutual funds, they can engage in two-way trading because they have more than one fund.

Two funds, two fund managers, even if there is two-way trading, it is not considered a violation, after all, they are not acting in concert. Each fund manager has their own operating strategy, as long as they do not buy and sell frequently, there will be no problem.

Lin Lang decided to wait until they got anxious first; if they weren't in a hurry, he wouldn't be either.

……

Although Yan Li didn't go to the company, she knew everything about its affairs.

Knowing that Lin Lang hadn't gone to the company, she started watching the market as soon as it opened.

Of the ten stocks that hit their daily limit yesterday, eight did not open at their daily limit, except for two that had already been acquired by Tianjin Capital.

For example, BYD, which I have a large position in, opened only two points higher. During the opening auction, it was initially at the limit up, but was then broken down. At 9:25, the moment the auction ended, a total of 270 million yuan was traded.

Despite dumping so many shares, the market still opened two points higher, indicating strong market sentiment.

After the market opened, trading volume gradually increased as funds continued to flow in.

The overall trend is a slow upward movement, but there are occasional instances of funds dumping shares.

Without a price cap, spending several million or even tens of millions in a short period of time can drive down prices significantly.

Then, it slowly oscillated upwards again.

Tianjin Mixed Optimization has not taken any action.

Yan Li waited until after noon when she heard the news that Lin Lang had gone to the company.

She had been hoping that Lin Lang would make some moves in the afternoon, but he didn't do anything until the market closed.

A significant amount of capital fled the market during the closing auction.

The stock initially trended upwards throughout the day, with the eight heavily weighted stocks rising as high as seven or eight points. However, in just a few minutes at the close, the price plummeted to only three points.

It's clear that Tianjin Capital didn't make any share purchases today, and market sentiment has already spiraled out of control.

With hundreds of billions of dollars in votes, once emotions are lost, even a small amount of capital thrown out is something no one can handle.

After the market closed, panic intensified once again.

After all, many people went to jail today, and Tianjin Capital did not raise its stake, so market expectations were dashed.

It had already risen by more than 20 points, which is enough for a large-cap stock to correct.

After witnessing this scene, Yan Li had some guesses.

Lin Lang probably only raised his stake in two stocks to artificially inflate his net asset value, but he may have already adjusted his portfolio.

As long as portfolio adjustments are made, even if those mutual funds want to target them, they can only replan their strategies.

Today's market transaction volume is very large, with BYD alone accounting for 1.6 billion yuan in transactions.

After all, its market value has increased from 120 billion to 150 billion, helping many retail investors recover their losses.

Yan Li only observed from the market that Lin Lang had not made any moves. As for whether he had adjusted his portfolio, she would only know after the report was released.

Around 3:20, she received the report and also saw the net value of Tianjin Hybrid Selection.

Today, the net asset value only increased by two points; apart from the stocks with the largest holdings, all other stocks fell.

The main reason for the large position was the rise of two stocks that hit the daily limit. If it weren't for those two stocks, the net asset value today would definitely be less than one percent.

Most importantly, Lin Lang did not adjust his portfolio.

Without any portfolio adjustments or any other activity, Yan Li couldn't figure it out for a while.

What exactly does Lin Lang want to do?
I should have adjusted the portfolio first thing this morning. Although it's impossible to finish adjusting it in one day, reducing the position would make it harder for mutual funds to target me, and I could leave with profits.

However, he did nothing and let his emotions break down.

It might open at the daily limit down tomorrow, or at the very least, it will open significantly lower.

What is the significance of a lower opening price?

Is it because they want to get cheap bargaining chips?

However, once emotions break down, a significant amount of funds will inevitably be lost, and it's uncertain how many retail investors will still be willing to participate.

Compared to the overall portfolio, isn't the reduction in costs a bit too much of a loss?
After all, even if they wanted to dump their shares to acquire more, they wouldn't be able to get many more. If they did it this way, they might miss out on several more limit-up days later.

Yan thought about whether Lin Lang might just acquire two shares and then run away.

Even if more than 10 billion yuan of funds are locked up, and even if it is impossible to adjust all the positions, it can still be considered a surprise attack, which is better than being dumped all the time.

After all, the overall effect has been achieved. Without this move, Tianjin Capital would not have been able to reach a scale of hundreds of billions and generate such a huge buzz on the internet.

In just one day, she gained a full two million followers, officially bringing her follower count to over twenty million.

Tianjin Capital's registered users have increased by nearly two million, bringing its total number of registered users to almost nine million.

Overall, Tianjin Capital made a profit. Even if the net asset value drops somewhat later, it at least gained fame and users. Moreover, after releasing that video, even a slight pullback is understandable.

We've already helped so many people make money, can't we afford to lose money for a few days?

This is tantamount to standing on the moral high ground.

"Lin Lang definitely has other intentions..."

Yan Li could only try to think about it as deeply as possible.

……

The vice presidents of the major public funds in Shanghai don't usually meet often, except when they're in meetings.

After all, their identities are quite sensitive, and if they are discovered to be together all the time, there will definitely be problems.

If someone with ulterior motives targets them, they could seize the opportunity to gather evidence and potentially kill them.

However, there is really no other way at the moment.

Today's market situation was too complex for just one or two families to handle. We chatted about this over lunch and tea, a little later in the day.

"Tianjin Hybrid Selection didn't change its position today, but they're really good at using the internet. What should we do next?"

"They haven't hit the daily limit up today, and we've also sold a lot of our shares. If they were going to raise their stake, they should have done so already. They've been holding their positions today without doing anything. I don't know what they're thinking."

They had anticipated all of Tianjin Capital's actions.

For example, they might only raise their bids for one or two stocks to stir up emotions, then after a few limit-up days, they would start running away while there was still a lot of money available to lock in the price.

Therefore, during the pre-market auction today, they forcibly suppressed the price to prevent it from hitting the daily limit, so as not to let Tianjin Capital benefit from it.

If the stocks held by Tianjin Capital do not hit the daily limit, at most one-fifth of the shares will be sold off within a day, which will not have a significant impact.

They all thought Tianjin Capital had run away today, but after the market closed, they asked around and found out that they hadn't run away at all.

"Anyway, we should just dump the shares when the market opens tomorrow and completely destroy the market sentiment. They won't be able to recover the sentiment unless they raise their stake. Now that we've started this trend of raising stakes, how can we let it end so easily? It's too late to regret it now. The more than 10 billion yuan raised in the stake is the last straw that breaks the camel's back!"

Without any prior shareholding disclosure, they couldn't possibly drive the price down to the daily limit every day. At most, they would only slightly lower the price to gradually erode the sentiment of Tianjin Capital's fund investors and guide them to redeem their shares.

In that case, Tianjin Capital will probably be left with nothing but a handful of employees in a month at most.

But unexpectedly, Tianjin Capital raised its stake.

Raising a shareholding order means that funds are restricted, and being restricted means that it is impossible to fully redeem the funds from investors.

They originally had no chance to completely destroy Tianjin Capital; they would have left Tianjin Capital with some funds no matter what.

But now, there is an opportunity to completely destroy Tianjin Capital.

How could I not seize such an opportunity?
"If Tianjin Capital doesn't raise its stake tomorrow, then we'll go all the way. If Tianjin Capital does raise its stake tomorrow, we need to react immediately, but we can't throw away too many chips."

During this period, a considerable amount of capital has already been invested.

Starting with Tianjin Capital, the stock market experienced a slow, steady decline for several days, with tens of millions of yuan being dumped into individual stocks every day.

Although each of them holds hundreds of millions or even two or three billion yuan worth of shares, with so many days of selling pressure, a third of their shares have already been sold off.

For companies like CATL, those with small holdings have already cleared out their positions.

After all, it's a newly listed company with no clear growth potential yet. It wouldn't be difficult for them to acquire leverage later, so they weren't too concerned.

If Tianjin Capital has the guts, then keep buying!

"These are all fine..."

……

In addition to the main group, there are also many smaller groups among the investors of Xincheng Capital.

They're not all in the same group; some are close friends, while others are just so-so.

Pu Min was in a small group, and the people in this group were all from the same district.

The city has three districts: Xinbei District, Yanhe District, and Xindong District. The six people in their group are all from Yanhe District and have known each other for a long time.

Pu Min has been doing jewelry business with her family in other places since she was a child. However, business has become increasingly difficult in recent years, especially as branding has become more and more popular, leaving less and less room for small jewelry companies like hers to survive.

In a phase of capital consolidation across all industries, small companies either choose to be acquired or face a slow death.

So, after discussing it at home, they decided to let her go back to her hometown to see how things were going. If she could acquire some businesses there, then they could give up the jewelry company.

After all, a large family can't possibly have no assets at all. Without something to make money, they can only sit around and live off their savings.

Investing in Xincheng Capital was her first step, and it also introduced her to some business owners in the city.

However, they simply cannot access the city's core resources; everyone is still in the exploratory stage, including He Qiang of Xincheng Capital.

It wasn't until He Qiang connected with Lin Lang that she felt her opportunity had arrived.

Lin Lang, who appeared out of nowhere in Tianshui County, is indeed amazing. Not only can he manage self-media projects, but he can also play the self-media industry to the point of freely integrating it with the real economy, and he easily helped He Qiang rise to prominence.

Moreover, the other party is actually one of the major shareholders of the top public funds in the country.

As He Qiang's interactions with Lin Lang deepened, the benefits they received increased.

They can easily earn hundreds of millions.

This time, with the attitude of "I'd rather lose some money than not get to know Lin Lang," she invested a total of 200 million yuan.

Not only did I lose all the money I made last time, but I also had to borrow money from someone to help me get by.

As long as the loss does not exceed 60%, she can accept it.

It was a huge gamble, at least for her.

Her family had been in the jewelry business for over twenty years, and she had invested almost all of the money they had saved in Lin Lang.

However, after the market closed today, someone in the group said, "I'm not playing with Tianjin Capital anymore. I redeemed my shares and ran away today. I made 36 points after entering the market. Even if it hits the daily limit down tomorrow, I will still have a profit of more than 20 points, which is at least 20 million yuan."

"I've also run away. Tianjin Capital is simply unable to continue playing this game. Anyway, tomorrow is the last day. Rather than waiting for the day after tomorrow when funds are being dumped, it's better to redeem today. We'll have to bear the market conditions tomorrow anyway."

"If you all run away, then I'll run away too."

Pu Min watched as several people in the group began to redeem their shares in Tianjin Mixed Preferred, and she was at a loss as to what to do.

If she doesn't redeem it, she'll seem somewhat out of place.

We're all part of the same circle, so we should be moving in unison.

But she really didn't want to redeem it.

It wasn't that she didn't want to make money, but that she wanted to get to know Lin Lang.

So she said in the group, "Don't you guys want to get to know Lin Lang?"

"What good is it to know Lin Lang? This involves tens of millions of dollars in interests. Not to mention that we've each earned more than 30 million dollars so far, if we hadn't gotten out in time, we might have lost another 40 or 50 million dollars of our principal. It's almost 100 million dollars in total! Knowing Lin Lang versus losing 100 million dollars, even a fool knows which one to choose."

“Pu Min, even if you want to get to know Lin Lang, you can always get your profits first. These two things are unrelated. If something goes wrong, it won’t just be a loss of 100 million for you. Including your current profits, the loss could reach 200 million, which is your entire net worth.”

"Exactly. I guess Lin Lang never intended to include us in the trip. Otherwise, why didn't he want to have dinner with us when he came back last time? He wouldn't even look at country bumpkins like us. Let's not flatter ourselves."

Pu Min: "..."

Actually, what these friends said makes sense.

"Okay, then I'll redeem mine too."

Pu Min made a statement in the group chat, which was considered to have made her stance clear.

However, she didn't actually redeem it; she simply didn't want the people in the group to think she wasn't on their side.

(End of this chapter)

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