Becoming the King of Bottom Fishing After Going All-In on A-Shares

October 28, Tuesday, Central, Hong Kong.

Eight o'clock in the morning, in the lobby on the first floor of the trading square.

Lu Chenzhou stood at the edge of the crowd, wearing a thin black jacket and a backpack casually slung over his shoulder. He was tall and upright but not ostentatious.

Wen Zhiyu followed closely behind him, one hand tightly gripping her briefcase, her knuckles already white, her heart pounding heavily, and even her breathing trembling slightly.

Because she had a premonition that Lu Chenzhou might do something earth-shattering today.

The elevator doors clicked open, and Chen Ke strode out, his attire reflecting the efficiency and competence of a Central trader.

"Mr. Lu, the funds have arrived in your account, HK$10 billion, all of which was deposited last night."

Double leverage, both HSBC and Standard Chartered provided the credit line, with a monthly interest rate of 1.2% and a risk control threshold of 130%.

"Can."

Chen Ke immediately dialed the internal line, his voice crisp: "20 billion, all in place before the market opens."

At 8:30, the trading hall was bustling with people.

Retail investors, traders, and financial reporters gathered in layers, all their eyes fixed on the giant electronic screen in the center.

The air was thick with the oppressive atmosphere, anxiety, and despair characteristic of a bear market.

In the corner, a television is playing the morning financial news.

The analyst's voice came intermittently: "Market rumors suggest that regulators have begun to pay attention to the recent excessive short selling, and further measures cannot be ruled out..."

Nobody took it seriously.

These kinds of "rumors" appear every day during a bear market.

Pre-market data was stark and disheartening: Overnight, US stocks were mixed, with the Dow Jones Industrial Average up 2.02%, the S&P 500 up 1.26%, and the Nasdaq Composite down 0.73%.

European markets are experiencing mixed reactions.

Hang Seng Index futures opened about 2% lower, around 13800 points.

China National Building Material was quoted at HK$1.70 in pre-market trading, unchanged from yesterday's closing price.

"The building materials are not moving; it's obvious they're going to be smashed anyway."

"Foreign investors are selling off their shares like crazy. If the price continues to fall, Hong Kong stocks will really be hammered down."

The market opened at 9:30.

The Hang Seng Index opened lower, at around 13500 points.

China National Building Materials' opening price: HK$1.74.

In an instant, sell orders poured out like a tsunami.

1.74、1.72、1.70、1.68、1.66、1.64、1.62...

Building materials prices plummeted again.

A roar pierced the hall, and the crowd erupted instantly.

Everyone pushed forward like madmen, craning their necks to stare at the almost vertically plummeting minute chart line.

The order book was filled with sell orders from Goldman Sachs, Morgan Stanley, UBS, Citigroup, and other firms.

The selling pressure from top-tier foreign investors was like a mountain pressing down, and any sporadic buying faltered at the slightest touch.

In the vast hall, not a single person dared to reach out and take over the deal.

"It's at 1.60, and someone has placed an 800 million bet, trying to hold it."

Someone placed a large order at HK$1.60, attempting to build a defensive line.

But the massive sell orders came crashing down, and the 800 million buy orders were like a pebble thrown into a waterfall, not even making a ripple.

"1.60 is broken! 1.59, 1.58."

The stock price fluctuated wildly around 1.58.

On the order book, sell orders continued to be placed, keeping prices firmly suppressed.

The hall was filled with wails.

Some people pounded their fists on the trading table, some stood frozen in place with their faces ashen, and some stared at the screen with trembling lips.

An elderly man with gray hair clutched his transaction slip, his hands trembling uncontrollably: "I went all in at 1.70 yesterday, and today it's down to 1.58. I lost seven points in one day..."

"You've got it all figured out. My initial investment was 2.2 yuan, and I've lost almost 30% of it."

"You're lucky. I only had 12 yuan to start with, and I'm already losing a lot of money."

"You're lucky. I only had a 22-yuan notebook, and I've already let it go."

"My initial investment was 38 yuan. I'm just asking, who else is doing this? As long as I don't sell, I won't lose money!"

Will it continue to fall? Will it drop to one dollar today?

"This foreign investment is relentless; they're trying to wipe us out completely!"

Chen Ke sat at the trading desk, his fingers resting on the keyboard.

He spent eight years in Central, experiencing the 97 Asian financial crisis, the dot-com bubble, and the Hong Kong stock market boom. He believes he has seen it all.

But he had never seen a customer like this before.

At twenty years old, he had no analyst team, no risk control, no lawyer, and only a girl and two bags with him.

He remained silent from the moment he entered, as calmly as if he were watching a play that had nothing to do with him.

He didn't need to ask Lu Chenzhou if he had money.

HK$1 billion arrived at 11 p.m. last night, with full approval for double leverage. In Central, that's all.

As Wen Zhiyu stared at the wildly plummeting intraday chart, her heart nearly leaped out of her chest. All she could hear were desperate curses and sighs, and cold sweat poured from her palms.

She turned her head to look at Lu Chenzhou. He was still standing straight, his face expressionless, as if the overwhelming pressure had nothing to do with him.

Is it really a good time to buy?

Just as the stock price was firmly stuck at HK$1.58 and sell orders continued to pour in, Lu Chenzhou spoke, his voice calm and utterly unwavering:

"China National Building Materials, 1000 million."

Chen Ke almost reflexively placed a market order.

An investment of HK$1000 million was made.

The order book suddenly trembled, and the sell orders piled up at the 1.58 price level were swallowed up in one go, instantly pulling the stock price back to 1.60 and 1.62.

"Someone's taken over! Someone dares to go against foreign capital."

The shout was like a thunderclap, and the hall fell silent for a moment before erupting into a commotion as loud as a tsunami.

But the next second, Goldman Sachs dumped a sell order for 800 million shares at a price of 1.63.

The stock price, which had just started to rise, was abruptly driven back down to 1.58.

"Goldman Sachs is still selling, and the price has been suppressed at 1.58 again."

"Who's so reckless as to catch a flying knife in this kind of situation?"

Wen Zhiyu's heart sank suddenly, and her breath caught in her throat.

She stared intently at the price of 1.58 on the screen, where new sell orders were piling up.

Foreign investors are not hedging; they are pushing the price down.

As soon as Lu Chenzhou raised the price a little, they used even lower sell orders to drive the price back down.

This is not an equal exchange; this is a positional war.

She looked at Lu Chenzhou again, but he remained silent, his gaze calmly fixed on the betting odds, showing no sign of backing down.

"China National Building Materials, 2000 million."

The second payment was made.

Chen Ke typed on the keyboard, and a market order of 2000 million swept away all the sell orders in the price range of 1.58-1.64, pushing the stock price to 1.64.

Goldman Sachs followed closely with 1000 million shares and Morgan Stanley with 600 million shares, not directly competing at the same price level, but instead placing massive sell orders in the 1.58-1.60 range.

The stock price had just been pulled up when it was pushed back down to 1.58 by layers of selling pressure.

"They've thrown the price back down; the two companies have teamed up to drive down the price."

The hall went completely insane.

The crowd was so dense it was impossible to move; some people stood on tiptoe to look at Chen Ke's trading table, while others shouted at the top of their lungs:

"Who's trying to buy at the bottom? Trying to catch the falling knife in this market is suicide!"

"The seat belongs to Zhizhou Capital, I've never even heard of them."

"Investigate immediately! Who is going against foreign capital?"

A few seconds later, a shocked shout that cracked the voice echoed throughout the venue:

"It's Lu Chenzhou, that student from Renmin University, the one who made a fortune shorting building materials and Huaxin Taifu."

"He just closed his short position yesterday, and today he's going long? He's crazy!"

"It really is him, this mainland guy, he's got some nerve."

The news swept through the entire venue like wildfire, instantly igniting an atmosphere of despair. Shock, doubt, and fanaticism mingled together, and everyone's eyes turned red.

Wen Zhiyu's mind was buzzing.

She knew Lu Chenzhou was bold, but she never expected him to dare to directly confront foreign capital in such a chaotic market.