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

Chapter 134 Earning 6 Million a Day

At 3 p.m., the A-share market closed, with the Shanghai Composite Index rising 7.27%.

The stock that Lu Chenzhou bought on Friday hit its daily limit up as soon as the market opened and remained locked at the limit up price for the rest of the day.

At 4 p.m., Hong Kong stocks closed, with the Hang Seng Index up 3.52%.

Lu Chenzhou opened the holdings details and glanced at them.

China National Building Material (03323.HK)

持股数量：11250万股成交均价：1.60港元收盘价：5.75港元持仓市值：64687.50万港元当日盈亏：+19125.00万港元（+42.32%）

Unrealized profit/loss: +46687.50 million HKD (+259.38%)

The shareholding represents 12.47% of the total H-share capital, triggering a disclosure requirement, and is subject to a six-month lock-up period.

Anhui Conch Cement (00914.HK)

Number of shares held: 2132.63; Average transaction price: HK$18.50; Closing price: HK$35.50 (+31.48%)

Market value of holdings: HK$75708.37; Daily profit/loss: +HK$18129.33 (+31.48%)

Unrealized profit/loss: +36253.89 million HKD (+91.89%)

The shareholding represents approximately 4.93% of the total H-share capital, which has not triggered a disclosure requirement for Galaxy Entertainment (00027.HK).

Number of shares held: 94500 million; Average transaction price: HK$0.70

Closing price: HK$1.23; Market value of holdings: HK$116235.00 million; Daily profit/loss: +HK$12454.50 million (+12.00%)

Unrealized profit/loss: +50085.00 million HKD (+75.71%)

The shareholding represents approximately 24.01% of the total H-share capital, triggering a disclosure requirement, and is subject to a six-month lock-up period. (SJM Holdings (00880.HK))

持股数量：27500万股成交均价：1.275港元收盘价：1.85港元持仓市值：50875.00万港元当日盈亏：+4625.00万港元（+10.00%）

Unrealized profit/loss: +15812.50 million HKD (+45.10%)

Holding 4.99% of the total H-share capital.

合计持仓总市值：307505.87万港元帐上现金：约9.47亿港元总资产：413905.87万港元当日总盈亏：+54333.83万港元（+15.11%）

Total unrealized profit/loss: +HKD 137456.89 (+49.73%)

The cash balance was HK$1.17 million less because of the US$1500 million investment in JD.com.

A group of people stared in disbelief at the profit figures projected on the screen: over 6000 million RMB in unrealized gains on A-shares and 54333.83 million HKD in unrealized gains on Hong Kong stocks—6 million?! 6 million in unrealized gains in just one day?

Xia Yaozong took out a calculator and frantically pressed the keys, calculating how much Lu Chenzhou had earned.

Once the investment returns exceed 100%, half of it must be given to Lu Chenzhou.

Total assets have now soared to HK$413905.87. After deducting HK$20 billion, there is still HK$21.39 billion left.

If you give him half, that's still HK$10 billion.

Moreover, Lu Chenzhou initially invested over 100 million yuan himself, and if those returns are included, it would amount to over 1 billion yuan.

Xia Yaozong swallowed hard and looked at Lu Chenzhou, who had a calm expression: "Chenzhou, you can get more than 1 billion yuan in stock profits, plus the mutual fund company you bought is now worth more than 1 billion yuan, so your net worth has soared to 2 to 3 billion yuan."

According to the Forbes China Rich List released last October, you would rank among the top 10 in China.

The meeting room fell silent.

Zhao Keke stopped writing. She stared at Xia Yaozong, then looked at Lu Chenzhou, her lips moved slightly, but she didn't say anything.

She was calculating that the public offering shell that Lu Chenzhou bought for 250 million last month is now worth 12 billion, making a net profit of 950 million, plus the more than 1 billion in stock dividends.

Two to three billion, among the top two hundred in the country, 20 years old.

Sun Hao sat next to her, his expression still blank.

He remembered what his father had said, "Go and study hard," and he did.

The second lesson I learned was that the students who were sitting in the classroom just a few days ago are now among the top 200 on the Forbes rich list.

Zhang Yixing stared at the numbers on the projection screen, his fingers trembling.

He wondered what he would be like now if he hadn't invested that money.

He didn't know, but he knew he had voted.

Su Qingyuan stood by the window, holding a notebook, and wrote down the numbers on the projection screen.

Her hand was steady as she wrote, but her heart was beating very fast.

She remembered when Lu Chenzhou said last Friday that he would talk about it tomorrow, and she thought he was really not in a hurry.

Now she knows, it's not that he wasn't worried, it's that he knew this would happen all along.

Wen Zhiyu sat in the corner without saying a word.

She looked at Lu Chenzhou's profile and remembered that day, September 22nd, when she handed him the envelope and said, "I want to take a gamble."

He asked, "Can you handle the consequences?" She replied, "I can."

Now she knows she made the right bet.

It wasn't because she had good judgment, but because she trusted the right person.

Xia Yaozong put down the calculator and stared at Lu Chenzhou.

"Shen Zhou, you're worth two or three billion now, how does it feel?"

Lu Chenzhou picked up his water glass and took a sip: "It's alright."

"Not bad?" Xia Yaozong's voice rose eight octaves. "You're worth two or three billion now, and you say that's not bad?"

Lu Chenzhou put down his water glass: "It's just a number."

Xia Yaozong rolled his eyes and almost fainted.

Zhang Yixing laughed out loud, Yang Cheng turned a page of his book and his lips twitched, and Wen Zhiyu lowered her head and her lips curled up.

Lu Chenzhou closed his laptop and stood up.

That's all for today! Time to go home!

Wen Zhiyu closed her notebook and followed.

In the corridor, the setting sun shone through the windows, turning the entire corridor orange-red.

Xia Yaozong watched Lu Chenzhou and Wen Zhiyu leave and said, "He really wasn't excited. If I had two billion, I'd fucking ride on my dad's head."

Everyone in the conference room stared at Xia Yaozong speechlessly.

Zhao Keke's lips twitched: "Riding on your dad's head?"

Xia Yaozong replied confidently, "Yes, ride on his head and let him see how successful his son is."

Zhang Yixing burst out laughing: "Your dad will beat you to death."

"Fine, let's fight. I have two billion, I'll hire ten bodyguards."

Yang Cheng turned a page of his book without looking up: "Your dad also has two billion."

Xia Yaozong paused for a moment, then fell silent.

His father does indeed have two billion; if he hires ten bodyguards, his father can hire a hundred.

He thought about it and decided against it, deciding not to ride it.

The others were stunned for a moment, looking at Xia Yaozong with surprise and uncertainty. They hadn't expected him to be a super-rich second-generation heir.

7 PM, Renmin University West Gate.

Lu Chenzhou and Wen Zhiyu were eating at a small restaurant near the school gate.

The two people sat facing each other, with two bowls of noodles on the table.

Wen Zhiyu put the beef from her bowl into Lu Chenzhou's bowl. Lu Chenzhou glanced at her, said nothing, and ate it.

"How do you plan to spend this money?" Wen Zhiyu asked.

Lu Chenzhou thought for a moment: "Buy buildings, buy houses, buy gold, diversify the risk."

"Buy a building? What building? Isn't our current office building good enough?"

"The school's office building is quite nice; I'm referring to the office building in Central, Hong Kong."

During the financial crisis, the price of Grade A office buildings in Central fell by 50% to 60%, with some units in Lippo Centre dropping below HK$8000 per square foot, even cheaper than in 2005.

Some are selling at rock-bottom prices, some are leaving the market; buying now is bottom fishing.

Wen Zhiyu was taken aback: "We want to buy an apartment in Central? A building there costs tens of billions, right?"

"It's not about buying a whole building, but about buying one floor or a few floors."

Hong Kong is Asia's financial center; once funds enter Hong Kong, they are essentially available worldwide.

We have an office in Central, which will make it convenient to trade Hong Kong stocks, US stocks, foreign exchange, and commodities.

"How much?"

"We haven't negotiated yet. The current price per square foot in Lippo Centre is around HK$8000. Buying one floor (2 square feet) would cost HK$1.6 million. Buying two floors would cost HK$3.2 million, which is half the price of last month."

Wen Zhiyu remained silent for a few seconds.

"You spent 2.5 million yuan to buy a public fund shell company last month. That shell company is now worth 12 billion yuan, and you're going to take out a loan to buy it again? Aren't you afraid that the price will continue to fall after you buy it?"

Lu Chenzhou glanced at her: "I'm scared, but even if I'm scared, I still have to buy it."

Grade A office buildings in Central are a scarce resource in the long run, and the financial crisis will not last forever.

Once the economy recovers, property prices in Central will also recover.

Buying now is bottom fishing, just like buying stocks.

It's not just office buildings in Central, but also houses.

BJ, I need a place to stay here, and I also need a place to stay in Hong Kong.

Wen Zhiyu didn't ask any more questions. She lowered her head and continued eating her noodles.

She recalled that on September 18, Lu Chenzhou borrowed money at high interest rates to buy CITIC Securities shares.

Everyone thought he was crazy; he bought it and made a profit.

Now he wants to buy office buildings in Central. At the height of the financial crisis, when others were selling, he was buying.

She looked up and glanced at him.

He was eating noodles, at a steady pace, just like usual.

At 9:15 AM on November 11th, the A-share market's opening auction began.

The entire 18th floor fell silent.

The projector was lit, and the screen displayed the opening auction page of the Shanghai Stock Exchange Composite Index.

The numbers are jumping, but not as dramatically as people might expect.

On the previous trading day, driven by the 4 trillion yuan economic stimulus package, A-shares surged 7.27%, with more than 200 stocks in the two markets hitting their daily limit.

After the positive news was priced in, the market failed to continue the previous day's gains on November 11, with both the Shanghai and Shenzhen stock exchanges opening slightly lower.

"How come it's only this much?" Sun Hao's voice boomed in the quiet office, startling even himself. He had thought the stock would hit its daily limit as soon as it opened.

Zhao Keke didn't speak. Her eyes were fixed on the screen, and her fingers were lightly hovering over the mouse. She was waiting.

Su Qingyuan stood in front of the projection screen, holding an Americano, her eyes never leaving the screen.

"The opening price was set by institutional investors, not retail investors. There are too many profit-taking positions, so the price may fall today."

The people in the conference room looked at each other in bewilderment.

Four trillion yuan, and this is the state of things the very next day? They thought the market would rise when it opened today.

Lu Chenzhou sat in the head seat, his expression unchanged.

He stood up, walked to the projection screen, and pointed to the list of eighteen stocks on the screen.

"150 billion. Take advantage of the market correction today and buy in aggressively. I'll give you two days to fill your positions."

Su Qingyuan's fingers paused on the keyboard. 150 billion yuan had been bought in two days, which meant that 75 billion yuan would need to be bought today. That's about 4.17 million yuan for each stock. This number wasn't huge, but it wasn't small either.

However, if the market corrects today, the task will still be easy to complete.

"Mr. Lu, are you sure?"

"It's confirmed. The four trillion yuan stimulus isn't a one-day event. Once you've filled your positions, you can do whatever you want."

However, one or two people still need to be stationed in the office, just in case the China Securities Regulatory Commission suddenly comes to inspect and none of you are there.

After Lu Chenzhou finished speaking, he pulled Wen Zhiyu away.

Everyone looked on with a sense of helplessness at the boss who had run away as soon as the market opened.

However, Su Qingyuan immediately made arrangements: "Zhao Keke, you are in charge of China Merchants Bank, Kweichow Moutai, CITIC Securities, and Shanghai Pudong Development Bank."

Zhang Yixing, you are in charge of Suning Appliance, Daqin Railway, Salt Lake Potash, and China Shenhua.

Sun Hao, you should learn from Zhang Yixing and see how he places an order.

Xia Yaozong, you are in charge of the Industrial and Commercial Bank of China, Luzhou Laojiao, China Railway Construction Corporation, and China Railway Group Limited.

Yang Cheng, you are in charge of TBEA, Baosteel, and Gree Electric Appliances.

"I'll handle the remaining Wuhan Iron and Steel, Ping An Insurance, and China Life Insurance."

She paused for a moment: "About 4.17 million were bought for each stock today."

Place orders in batches, don't dump them. Today the market is correcting, it's a good time to build positions, understand?

"clear."

"Let's begin."

While stock market investors trembled with fear, Li Daxiao, former chief economist of Yingda Securities Research Institute and a renowned financial economic analyst, posted a Weibo message: "According to Governor Zhou, the 'Four Trillion Yuan Investment Plan' has only just begun; this is the infant of our Chinese stock market."

end.

Even without new investment plans, don't panic. I can already smell the faint aroma of calf growth.

Xia Yaozong, who was scrolling through his phone, paused for a moment, then typed back: "Dian!"

At 9:30 a.m., the A-share market officially opened.

The Shanghai Composite Index opened 0.15% lower, fluctuated briefly, and then began to decline.

Profit-taking led to a sell-off, causing many stocks that had hit their daily limit the previous day to open up, with some even turning negative.

Zhao Keke stared at the trading screen of China Merchants Bank, which was currently priced at 13.50, down 1.2%.

She took a deep breath and began placing her order.

The first transaction, 200 million shares, at 13.50, was completed.

The second transaction, 200 million shares, was completed at 13.48.

The third transaction, 200 million shares, was completed at 13.45.

Stroke by stroke, slowly and deliberately.

Her fingers were steady, but her heart was beating very fast.

4.17 million, for a single stock, she had never bought so much money at once.

Zhang Yixing stared at the stock price of Suning Appliance, which was currently at 12.80, down 0.8%.

He started placing orders.

100 million shares, 12.80.

100 million shares, 12.78.

100 million shares, 12.75.

Xia Yaozong sat at his workstation, staring at the trading screen of the Industrial and Commercial Bank of China.

The current price is 3.80, down 1.3%, and he starts placing orders.

500 million shares, 3.80.

500 million shares, 3.79.

500 million shares, 3.78.

He was unusually serious, not joking around, and stared at the screen, typing away carefully.

Yang Cheng turned a page of the book, glanced at TBEA's betting odds, and then began placing an order.

100 million shares, 12.50.

100 million shares, 12.48.

100 million shares, 12.45.

Sun Hao sat next to Zhang Yixing, watching him place an order, his palms sweating profusely.

He didn't dare to speak, afraid of disturbing Zhang Yixing.

But in his heart he was thinking: Is this what buying stocks is like? Buying 75 billion in one day? His father runs a business and earns more than 100 million a year, which is already considered very impressive.

He swallowed hard. "They buy 75 billion here every day."

Su Qingyuan stood in front of her workstation, staring at the stock exchange chart of Wuhan Iron and Steel Co., Ltd.

Current price: 5.20, down 2.5%.

She placed an order for 200 million shares at 5.20.

200 million shares, 5.18.

200 million shares, 5.15.

At 10:00 AM, the market continued its downward trend.

The Shanghai Composite Index fell 1.2%, and retail investors who bought at the high the previous day began to panic.

Some people are cutting their losses, while others are cursing.

But no one spoke in the office on the eighteenth floor.

There were only the sounds of keyboard and mouse, and the occasional "sold" notification.

Sun Hao sat beside them, watching them place their orders, his palms no longer sweating.