Reborn as a female internet celebrity in a county town

Chapter 317 Data Desensitization
When Lin Lang woke up on Friday, he received a message that the servers of the Tianjin Wealth app had crashed.

Because it's still in the closed beta phase, there won't be any data wipes or any upper limit set.

However, the server capacity has not been expanded, so the total amount of data it can hold is not much.

Moreover, a huge influx of traffic suddenly appeared in the middle of the night. Even though real-name authentication was required for check-in and each ID card could only be used to authenticate one account, millions of people still flooded in.

This is just a closed beta test.

Lin Lang just wanted to find tens of thousands of people to help give feedback, find loopholes, and also to provide a home for Tianjin Capital's fans in advance so they wouldn't be scammed outside.

Without a doubt, it's a problem with the gold coin system; someone has already taken action against it.

However, it's not necessarily a bad thing for him. For now, he can just take a look at this system casually; it's not time for him to extract value yet.

Moreover, gold coins are a consumable item, so there's no need to worry about inflation.

Now that people are here, let's upgrade the server...

Tianjin Capital's servers are actually quite good, considering that the PC website receives millions of visits every day; it's just that the app is suddenly receiving too much data.

On the PC, users can view messages without logging in, but the functions on the app are deeply tied to the account. The amount of data that needs to be accessed puts a strain on the bandwidth and servers.

Unbeknownst to many, Tianjin Capital now has more than one hundred employees.

Overall, it's definitely not enough. It's just that talent recruitment is extremely difficult. It's almost impossible to find dozens of top talents within one or two months.

This thing can only be improved with time.

After arriving at the company with Yan Li, Yan Li said, "We don't have suitable candidates for the fund managers of the two new funds yet. We simply can't find suitable people on the market."

"There's no need to look in the market. Just find some of our old employees, the first batch of traders, analysts, and select a few of the better ones. It's also time to give them a raise."

The company's initial forty-odd employees, while not particularly capable, had a very good attitude.

Lin Lang didn't expect Tianjin Capital to be able to operate on its own in a short period of time. As long as the direction is kept in check, it doesn't matter who the fund manager is.

"Is that all the promotion is for?"

"They're all long-time employees..."

"Tianjin Capital has only been operating for two months in total..."

"There's nothing we can do about it. The newcomer might be some kind of corporate spy. It's more reliable to rely on our own people."

Hearing this, Yan Li nodded, "Okay, then I'll listen to you."

Lin Lang's reason was something she hadn't really thought of before. Her main thinking was to prioritize ability, and none of Tianjin Capital's current employees were qualified to be fund managers.

"I'll head over to the app project team now. There's not much to do in the trading room today; we just need to sort out and handle the fund redemptions."

"okay."

……

The market opened on Friday.

From the start of the opening auction, all ten of Tianjin Capital's top holdings were hit with their daily limit down, including the stock that had just been acquired the day before yesterday.

After all, the overall expectations have already been fully priced in. It's just that some funds are willing to take risks and enter the market to acquire some shares, but that can't change the reality of the limit down.

At the daily limit down, the funds that entered the market at 99 yesterday have now dwindled to only 73, representing an overall loss of nearly 27%.
The former riverside group, now the Thirteen Taibao group, has fallen silent.

The group chat exploded when several stocks suddenly announced that they would be suspended from trading starting next Monday, with no date set for resumption.

"Holy crap, these stocks are going to be suspended from trading!"

"That son of a bitch, Tianjin Capital, they always like to raise their bids, why aren't they doing it today? Fuck them!"

"There are too many sell orders, and they simply can't be released. Even though the trading volume of major stocks has been breaking 100 million one after another, there is no amount of capital that can absorb more than 1 billion sell orders."

These sell orders are only a portion, because most people are too lazy to place orders after seeing the stock hit its daily limit down.

Since we can't sell them anyway, if we could, the price would definitely rebound a little, and then we could sell them then.

Whether or not one is willing to sell at that time depends on the individual.

In short, after the suspension announcement, the matter was basically settled, and even some funds that wanted to enter the market to buy at the bottom lost their ideas.

Who knows how long the trading suspension will last?
What will happen after trading is suspended? Does anyone know?
……

When Chu Tianhe learned of the trading suspension, he felt like the sky had fallen.

"Damn it, it went up so much but wasn't suspended, and it's suspended after only two days of decline? Is Tianjin Capital your father or your mother? To protect Tianjin Capital's net worth, you've lost all shame, haven't you? Damn it!"

After seeing the stock hit its daily limit down, he had already started calculating when he could complete his task and leave, but then the stock was suspended from trading.

What if trading is suspended for five consecutive days starting next Monday?

That means there won't be a chance before the new year.

His interest rate doesn't care about the New Year or not; it's over three thousand yuan a day. This means he'll have to wait at least another half a month or even a month.

He logged into the Tianjin Wealth app, and although it was very slow, he still managed to post something.

Has anyone received their redeemed funds today?

As a result, I got scolded.

"What the hell are you going to get your money back today? Even the money you redeemed yesterday won't arrive until after 3 p.m. today. Tianjin Capital determines the net asset value based on the confirmation time. They usually confirm redemption funds at 6 p.m. and start arranging funds according to the net asset value at 3 p.m. the next day."

"Anyway, I redeemed part of it the day before yesterday, and it arrived in my account yesterday afternoon without any problems."

"I redeemed 200,000 yesterday. I'll see if it arrives in my account by 3 p.m. today. I saw online that a lot of people redeemed yesterday."

"I'm not in a hurry to redeem. I still have plenty of profit to make. I'm afraid that if I redeem, I won't be able to buy any more shares."

"Can't we exchange gold coins for shares?"

"Gold coins are expensive. On the black market, the price of gold coins has been driven up to three yuan, which is equivalent to Tianjin Capital giving everyone a three-hundred-yuan red envelope yesterday."

"Holy crap? They're three yuan already? I'll sell them for one yuan each!"

"It's really three yuan now. There are five or six reputable banks that accept payments, and they usually pay instantly. I heard that some people even go to the countryside to find old men and women's ID cards to register accounts. They give them a bag of laundry detergent, and after registering, they log in with their mobile phones and are responsible for checking in every day."

"Why does this thing feel a bit like Bitcoin?"

"They're worlds apart. They're not the same thing at all. Bitcoin has no anchor, while Tianjin Wealth Gold Coin does, although the anchor is rather abstract... Strictly speaking, Tianjin Wealth Gold Coin is a type of stablecoin... Also, Bitcoin is illegal, while Tianjin Wealth Gold Coin is legal, just like QQ coins."

"Q coins can't be freely traded, right?" "Tianjin Wealth Gold Coins can't be traded either. The official website doesn't provide any trading channels, and there's no recharge channel either. Tianjin Wealth Gold Coins themselves have no value."

Chu Tianhe's post has gone off-topic.

Chu Tianhe looked at the 102 gold coins in his account, then went to the black market and took a look.

Indeed, some people have already offered three yuan each.

There were five or six posts about buying, and after several price adjustments, they all reached three yuan each. There were over a thousand replies, but most of them weren't for sale.

Those who post more replies are generally more trustworthy, and it has been verified that they do indeed make payments more efficiently.

Those posts with few replies are probably scams.

Chu Tianhe wanted to sell his gold coins too, so he could at least buy a few packs of cigarettes.

Then, at that moment, I received a message from Liang Jiwei.

Do you have any Tianjin Wealth Coins?

"Yes, ten yuan each, want some?"

"Five yuan each, I plan to buy several hundred."

"Only a few hundred? I can get you tens of thousands."

"???? If you can really get tens of thousands of them, I'll buy them for five yuan each."

"That's what you said!"

Chu Tianhe is extremely sensitive to this kind of data; he has countless groups under his control.

If the market price is three yuan each, he can also find someone to buy them for three yuan each and then resell them for five yuan.

In this situation, he doesn't even need to worry about Liang Jiwei not being able to come up with the money.

If you collect tens of thousands of gold coins, and each gold coin earns you two dollars, you can earn a total of 100,000 dollars, which is just enough to cover the interest.

Meanwhile, Liang Jiwei said to his old friend, "Uncle, that guy I live with said he can get tens of thousands of gold coins. I agreed to buy them for five yuan each. Do you want them?"

"Sure, we'll split it 50/50. I'll transfer the funds to you first, and we'll collect it in units of 100,000."

"You want this much?"

"Just treat it as a game. Anyway, I've made quite a bit of money with Tianjin Mixed Selection. I originally said that as long as Tianjin Mixed Selection went up for one day, I would buy 100,000 yuan worth of it, but then there was a purchase limit, so I never had the chance to buy it. I'll just consider it a last-minute purchase."

"Didn't you buy an additional two million when the purchase restrictions were lifted last time?"

"I didn't buy enough. I'll buy some more. I'll use it if I need it, and if I don't, it's fine. Anyway, I didn't earn the money myself."

"You're even more generous than me!"

"Anyway, as long as Tianjin Hybrid Selection Fund doesn't restrict redemptions during this period, I'll go all out to buy more shares. There really aren't many companies that can help fund investors make money."

"Your vision is broader than mine."

“It’s different. I don’t feel bad about losing money because I have a pension. You have nothing.”

……

Friday's market closed with no unusual activity throughout the day; the relevant stocks were firmly locked at their daily limit down.

In addition to suspending trading, the China Securities Regulatory Commission (CSRC) is also preparing to investigate Tianjin Capital due to a large number of complaints received.

At 6 p.m. that day, Tianjin Hybrid Selection experienced a total of 18 billion yuan in redemptions.

Over the course of two days, the total amount redeemed reached 42 billion.

In other funds, the redemption limit would have been imposed by now. But Tianjin Hybrid Selection Fund confirmed all redemptions and is waiting to pay out the funds to investors on the next trading day.

At 4 p.m., Lin Lang and Yan Li were summoned to the Securities and Futures Commission for investigation.

Including their call logs, chat logs, etc.

Overall, there are no problems.

After becoming a shareholder of Tianjin Capital, Lin Lang did not discuss any stock-related matters with Shen An'an, nor did he ask Shen An'an to deliberately guide any direction. All of Shen An'an's actions were unintentionally facilitated.

As for the so-called off-site arrangements, not only were they not ultimately carried out, but they were also communicated in normal conversations, and no written information was left behind.

However, after the investigation, Lin Lang presented some evidence.

Guan Sheng was also present. Lin Lang brought out a PPT, which detailed the phenomenon of Tianjin Hybrid Selection being maliciously targeted by domestic public funds.

It started with suppressing heavily held stocks...

After all, Lin Lang bought large-cap blue-chip stocks. As soon as they bought in, other mutual funds immediately started dumping their holdings, and only dumped those stocks that Lin Lang didn't hold, while pushing up the prices of those stocks.

Most importantly, and it's not just one company doing this...

Of course, Lin Lang certainly didn't have detailed data, but Guan Sheng did.

Lin Lang asked Guan Sheng to investigate the data in this area...

Of course, this is definitely not in compliance with regulations. Even if Guan Sheng wanted to investigate, he wouldn't tell Tianjin Capital. This matter was just a step in Lin Lang's counterattack.

A counterattack doesn't necessarily have to cost the other party anything; it's simply a way to show an attitude and better protect yourself.

Around 6:00 PM, after Lin Lang and Yan Li left the Securities Regulatory Bureau, Guan Shengcai sat down with the other leaders.

Guan Sheng presented the prepared data and said, "Essentially, this is a targeted attack by other mutual funds against Tianjin Capital. The current online discourse is having a huge impact on our rules. Tianjin Capital's holdings are being exposed time and time again. They've just made their moves, and someone exposes them the next day. Under these circumstances, a market trend that would normally take six months or even a year to complete is being accelerated to finish in just one or two months. And mutual funds can't make large-scale portfolio adjustments in one or two months, making them a blood bank for stock market investors."

After Tianjin Capital made its purchase, data from major mutual funds showed almost unanimous selling and dumping of shares! Based on this data, it's not an exaggeration to conclude that they are maliciously targeting us, no matter how many reasons they may have!
If this continues, will our public funds still have any credibility? In recent years, public funds have been skirting the rules in various ways, colluding to drive up prices and getting countless investors to buy in. They have completely ruined the old rules!
I strongly urge that, in the future, any public fund's own funds should not be allowed to enter and exit the market at will. After their own funds enter the market, the redemption period should be adjusted to six months. Their arbitrary entry, profit-taking, and subsequent exit introduces a significant amount of instability into the stock market.

After Guan Sheng said this, everyone fell silent.

Is this a change to the rules, or a complete abolition of the rules that are vital to public funds?

Because the management fees and handling fees of those public funds are very low, and there are basically no subscription fees.

Most importantly, they can use other means to avoid including the profits from their own capital in the company's profits.

It can either be converted into assets, or it can be reinvested before the audit.

Guan Sheng glanced at it and said, "If this doesn't work, then I suggest that Tianjin Capital's data be anonymized; otherwise, this kind of thing will happen again in the future."

(End of this chapter)