I couldn't take it anymore; when I went home for Chinese New Year, the family genealogy book ha
Chapter 460 Jiang Jianwen went to the provincial capital to trade stocks; the market plummeted two p
"That idiot Cuifen, buying a luxury mansion for 80 million? She's got a pig's brain."
Jiang Jianwen pushed up his black-rimmed glasses, his lips curling into a smirk that could hold two ounces of vinegar.
He stood at the entrance of the "Xinghua Securities" branch in the provincial capital, glanced up at the gold signboard above the door, straightened his faded but neatly ironed Zhongshan suit, put his hands behind his back, and strode in.
He had heard the news that Liu Cuifen had bought a luxury house.
He had also heard about Sun Yumei being scammed out of eight million yuan by investing in a beauty salon.
In Jiang Jianwen's view, the failure of these two women was entirely expected.
Uncultured.
Brainless.
They don't understand economic principles.
"The capital market is where the real high-end game begins."
Jiang Jianwen silently repeated this sentence to himself as he walked through the marble-paved hall and headed straight for the front desk.
Xinghua Securities' flagship branch in the provincial capital is the largest securities trading center in the entire Nanjiang Province.
A giant LED screen hangs in the center of the hall, displaying red and green numbers that keep jumping around.
Dozens of computer terminals were filled with retail investors watching the market. Some were staring blankly with thermos cups in their hands, some were frantically taking notes with pen and paper, and others were cursing at the screen.
Jiang Jianwen glanced at these people and snorted through his nose.
Retail investors.
Chinese chives.
He's not on the same level as me.
"Sir, how can I help you?"
The young woman at the front desk looked up and glanced at Jiang Jianwen's attire—a faded Zhongshan suit, black-rimmed glasses, and hair that was meticulously combed but clearly made with cheap hair wax.
The young woman maintained her professional smile, but her enthusiasm visibly dropped by two levels.
"Open an account," Jiang Jianwen said crisply and decisively.
"Okay, what is your expected deposit amount?"
Jiang Jianwen took the black bank card out of his pocket and put it on the table.
"Three hundred million."
The receptionist's hand trembled slightly.
She glanced down at the card, then looked up at Jiang Jianwen's outfit.
My mind went blank for two seconds.
Then she picked up the intercom on the table, her voice changing.
"Manager Zhou! Please come out quickly! There's... there's a big client!"
Less than thirty seconds.
A middle-aged man wearing a dark blue suit and a burgundy tie jogged out of the VIP passage.
Manager Zhou. Senior wealth management manager at Xinghua Securities' provincial capital branch, specializing in handling large clients with assets exceeding ten million yuan.
He ran to the front desk, glanced down at the card information, and his pupils visibly dilated.
"Mr. Jiang, is that right? It's an honor to meet you! Please, please come in! The VIP room is ready for you!"
As Manager Zhou spoke, he bent over and almost half-supported, half-carried Jiang Jianwen into the VIP passage.
Jiang Jianwen stood with his hands behind his back, walking at a leisurely pace, his chin slightly raised.
It feels so good to be pampered like this.
Back in Jiangjia Village, who ever gave him a second glance?
The nickname "pedantic scholar" followed him for most of his life.
What now?
With 300 million in hand, you're a king wherever you go.
The VIP room is located at the very back of the business department.
The room is separate, with soundproof glass, a genuine leather sofa, a set of Jingdezhen blue and white porcelain tea set on the coffee table, and an air purifier standing in the corner.
Directly opposite is a two-meter-wide LCD screen that displays the real-time market trend and the rise and fall of various sectors.
Jiang Jianwen sat down on the leather sofa and crossed his legs.
Manager Zhou personally brewed him a cup of tea, handing it to him with both hands, bending over at an angle precise to fifteen degrees.
"Mr. Jiang, have you ever done investing before?"
"I haven't actually done it myself," Jiang Jianwen said casually, taking a sip of his tea. "But I have done systematic research on macroeconomics. I've read the original works of Keynesian theory and Friedman's monetarism."
Manager Zhou's eyes lit up.
It wasn't because he admired intellectuals.
It was because he heard four keywords—"no practical experience".
A client who has 300 million in cash, no practical experience, and thinks he understands the theory.
This is not chives.
This is the King of Leeks.
Manager Zhou's breathing quickened slightly, but he maintained excellent control over his facial expression.
"Mr. Jiang, your skill level is absolutely top-notch in our sales department!"
As he spoke, he sat down opposite Jiang Jianwen and opened the tablet computer he carried with him.
"As you can see, the biggest hot sector in the A-share market right now is pharmaceuticals. Favorable national policies and the implementation of centralized procurement have released profit margins for leading companies..."
Manager Zhou rattled off a whole bunch of technical jargon.
The terms "PE valuation repair," "Davis double play," and "institutional herding" are all used to describe this phenomenon.
Jiang Jianwen nodded repeatedly as he listened, a smile of "just as I expected" appearing on his lips.
In fact, he didn't understand a single word.
But it's alright.
He has plenty of theories.
"Manager Zhou, what you said is basically consistent with my judgment." Jiang Jianwen pushed up his black-rimmed glasses, leaned back on the sofa with one hand behind his back. "Currently, M2 growth is slowing down, and the transmission chain from PPI to CPI is tightening. Under this macroeconomic background, defensive sectors are indeed the optimal allocation."
Manager Zhou was stunned for a second by these words.
It's not because what you said is right.
It's because what they said was too outrageous.
What do M2 and PPI have to do with those junk stocks he recommended?
But Manager Zhou immediately adjusted his expression.
"Yes, yes, yes! Mr. Jiang's analysis is spot on! With your skill level, it would be a waste of your talent not to use 5x leverage!"
"Five times leverage?" Jiang Jianwen's ears perked up.
"Yes! Our branch has compliant financing channels. You invest 10 million in margin, and we'll leverage 40 million, for a total position of 50 million. Buy these leading pharmaceutical stocks, and they'll hit at least two limit-up days within three days. Making three or four million is a piece of cake!"
Three to four million.
Three days.
Jiang Jianwen's Adam's apple bobbed.
He quickly did some mental calculations.
If you earn three or four million in three days, that's thirty or forty million in a month. Over a year—
OK.
"Just ten million?" Jiang Jianwen feigned composure.
"Let's start with ten million to test the waters! We'll add more if we make a profit!" Manager Zhou grinned from ear to ear.
Jiang Jianwen remained silent for three seconds.
Then he slammed the black card onto the coffee table.
"Transfer in ten million. Five times leverage, all in pharmaceuticals."
Manager Zhou almost jumped off his chair.
After half an hour.
The account opening procedures are complete. Ten million in margin has been deposited, and forty million in leveraged funds have been secured, totaling fifty million in positions, all of which have been used to buy three pharmaceutical stocks.
The purchase prices were 32.7 yuan, 18.4 yuan and 45.2 yuan respectively.
Jiang Jianwen held a teacup, leaned back on the leather sofa, and stared at the three K-lines on the big screen.
Red.
It's rising.
A slight smile played on his lips as he began to plan how to spend the money he had earned.
First, buy one school district house in the provincial capital—no, buy two.
Open another private academy, specifically to teach those uncultured nouveau riche to read and write.
Then let Jiang Chen come to the academy gate and see what the power of knowledge is.
Time passed by, second by second.
The market will open at 1:30 pm.
The three pharmaceutical stocks continued to rise, with gains fluctuating between 1% and 2%.
Jiang Jianwen was in an extremely good mood and asked Manager Zhou to refill his tea by two more cups.
He even took out his phone and took a picture of the big screen filled with red numbers, almost posting it on his WeChat Moments.
Two o'clock in the afternoon.
The numbers on the screen started jumping.
The increase dropped from 2% to 1.5%.
Jiang Jianwen frowned, but didn't pay much attention.
It's just normal fluctuation.
2:15 PM.
1.5% became 0.8%.
2:20 PM.
0.8% became 0.2%.
Jiang Jianwen put down his teacup, leaned forward, and stared at the screen.
2:25 PM.
green.
All three stocks turned green at the same time.
-0.3%.
-0.7%.
-1.2%.
The market index in the upper right corner of the large screen suddenly began to fall rapidly.
Jiang Jianwen stood up.
"Manager Zhou! What happened?"
Manager Zhou's expression was already a bit off. He was holding his phone, while his other hand was frantically scrolling through messages on his tablet.
"Mr. Jiang, please calm down. This is probably just a normal pullback this afternoon."
He hadn't finished speaking.
A red scrolling news item popped up on the big screen.
Breaking News: The National Healthcare Security Administration has released a draft for public comment on a new round of centralized procurement policies, covering 27 core pharmaceutical products, with expected price reductions of over 60%.
The air in the entire VIP suite seemed to freeze.
The market index plunged.
The pharmaceutical sector saw a collective drop to its daily limit.
The percentage change of the three stocks that Jiang Jianwen bought all changed to the same number.
-10.00%.
The stock price hit the daily limit down.
It's sealed off.
A position of 50 million lost 5 million in one afternoon.
But that's not the worst part.
The most dangerous thing is the five-fold leverage.
The deposit is only ten million.
A 50 million position that dropped by 10% means a loss of 5 million.
With the addition of leveraged interest and handling fees, the margin directly broke through the liquidation line.
The door to the VIP suite was suddenly pushed open.
Manager Zhou was sweating profusely, his tie was askew, and he was clutching a printed risk control notice in his hand. His face was as white as a sheet.
"Mr. Jiang! You need to deposit more margin immediately! At least five million! Otherwise, the system will force liquidation!"
Jiang Jianwen stood blankly in front of the big screen.
The half-full cup of tea in my hand slipped through my fingers.
“Pah!”
The blue-and-white porcelain teacup smashed on the marble floor, breaking into seven or eight pieces, and tea spilled all over the floor.
Ten million.
Half a day.
Gone.
It didn't even make a sound.
Jiang Jianwen's vision went black, his body leaned back, and with a "bang," he collapsed onto the leather sofa.
Manager Zhou was so frightened that he rushed over and pinched the philtrum.
"Mr. Jiang? Mr. Jiang! Wake up! Please don't let anything happen to you here!"
The trader next to him quickly dialed 120.
The ambulance sped off towards Xinghua Securities' branch.
Before the ambulance arrived, the system automatically triggered forced liquidation.
The remaining positions were all sold off by the system at the limit-down price.
After deducting the losses, interest, and penalties from the 10 million margin deposit, the amount received is—
Sixty-eight thousand three hundred and twenty-seven dollars and forty cents.
Manager Zhou looked at the number in the account, wiped the sweat from his forehead, and quietly left the VIP room.
Meanwhile, at the same time, in a supercar dealership on the other side of the provincial capital, Jiang Haoran was doing something even more outrageous.
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