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

Chapter 135: 75 Billion Purchased in One Day

At 10:30, the market began to stabilize.

Someone is buying the dip; it's not retail investors, it's institutions.

The benefits of the 4 trillion yuan stimulus package won't be fully absorbed in a day; smart money is taking advantage of the pullback to enter the market.

Zhao Keke placed another order for 200 million shares at 13.40.

200 million shares, 13.38.

200 million shares, 13.35.

Her fingers moved faster and faster, not because she was in a hurry, but because the sell orders on the order book were decreasing.

Some people are canceling their orders, some are waiting and seeing, and some have already sold out.

Zhang Yixing stared at the order book of Suning Appliance; the sell orders were decreasing while the buy orders were increasing.

He began to increase the quantity of each transaction, to 150 million shares at 12.70.

250 million shares, 12.68.

350 million shares, 12.65.

Xia Yaozong stared at the ICBC trading board; the sell orders were almost all gone.

He took a deep breath and placed the biggest order of the day.

1000 million shares, 3.75, traded.

On the order book, all the sell orders for ICBC were swept away.

The stock price began to rebound, reaching 3.76, 3.77, 3.78...

Yang Cheng glanced at TBEA's order book; the sell orders were almost gone.

He placed his last order of the day, 200 million shares, at 12.40, and the deal was completed.

The market closed at 11:30 a.m.

The Shanghai Composite Index closed at 1835 points at midday, down 0.46%.

Su Qingyuan tallied up the morning's purchases.

"China Merchants Bank: Purchased 2000 million shares at an average price of 13.38 yuan, costing 2.68 million yuan."

Kweichow Moutai: Purchased 50 shares at an average price of 78.00 yuan, costing 3900 million yuan.

CITIC Securities bought 800 million shares at an average price of 18.30 yuan, costing 1.46 million yuan.

Shanghai Pudong Development Bank (SPDB) purchased 1200 million shares at an average price of 12.70 yuan, costing 1.52 million yuan.

She paused for a moment: "The total purchases this morning were about 18 billion, and there are still 57 billion to be made this afternoon."

The meeting room fell silent.

Xia Yaozong leaned back in his chair, staring at the ceiling.

"18 billion, in just one morning, I've never seen so much money in my life."

Zhang Yixing stared at the screen without saying a word.

He was thinking that Lu Chenzhou said he would fill the position in two days.

He believed it, but he didn't know what would happen after the 75 billion was spent.

It might go up, it might go down, but he knew Lu Chenzhou wouldn't be wrong.

After the market opened in the afternoon, the index continued its upward trend with fluctuations.

The Shanghai Composite Index started to climb slowly from 1835 points.

Some people are entering the market, while others are observing, but in the offices on the 18th floor, no one is observing; they are buying like crazy.

At 3:00 PM sharp, the closing bell rang.

The Shanghai Composite Index closed at 1843.61 points, down 1.66%.

Su Qingyuan tallied up today's buying activity.

"China Merchants Bank: Purchased 3100 million shares at an average price of 13.35 yuan, costing 4.14 million yuan."

Kweichow Moutai: 500 million shares were purchased at an average price of 77.50 yuan, costing 3.88 million yuan.

CITIC Securities bought 1200 million shares at an average price of 18.25 yuan, costing 2.19 million yuan.

Shanghai Pudong Development Bank (SPDB) purchased 1800 million shares at an average price of 12.65 yuan, costing 2.28 million yuan.

She raised her head and looked at everyone.

"Today's total purchases amounted to approximately 75 billion, with 75 billion remaining. We will continue tomorrow."

The meeting room fell silent.

Xia Yaozong leaned back in his chair, staring at the ceiling.

"75 billion, in one day, and tomorrow they'll buy another 75 billion. I've never seen so much money in my life."

Zhang Yixing stared at the transaction records on the screen, his fingers still trembling.

He bought 2.02 million yuan worth of Suning Appliances. It wasn't his money; it was the fund's money. But he placed the order and confirmed it.

He recalled that on September 18, Lu Chenzhou asked him to borrow money to buy CITIC Securities.

Now, he sits in his office on the 18th floor and presses the confirmation button for 2.02 million.

He took a deep breath.

Sun Hao sat in the corner, staring at his laptop.

The table above records the figures for every transaction made today.

China Merchants Bank: 4.14 million yuan; Kweichow Moutai: 3.88 million yuan; CITIC Securities: 2.19 million yuan.

He wrote all afternoon, and his hand was sore.

He remembered what his father had said: "Go and study hard."

He learned that the third lesson he learned was: buying 75 billion in a day will make your hands ache.

Zhao Keke put down her pen and rubbed her wrist.

She recalled that last month, she was still writing research reports at the securities company, writing 10,000 words a day, and her hands would ache.

But that's writing research reports; this is buying stocks.

Yang Cheng closed the book and stood up: "We'll continue tomorrow."

Meanwhile, as Lu Chenzhou led Wen Zhiyu out of the Renmin University Cultural Building, the sun was shining brightly in Beijing, but the wind was cold.

In November, the weather in Beijing was already quite cold.

"Where are we going?" Wen Zhiyu pulled her scarf up a little and followed behind him with her neck hunched.

Houhai.

"Houhai? To see the courtyard houses?"

"Um."

Wen Zhiyu was taken aback: "You want to buy a courtyard house?"

Lu Chenzhou didn't answer. He hailed a taxi, opened the door, and gestured for her to get in.

Wen Zhiyu sat down, and he followed her in, closing the door behind them.

"Master, Houhai, Ya'er Hutong."

As the taxi entered the Houhai area, Wen Zhiyu leaned against the window, looking at the scenery outside.

The surface of Houhai Lake was covered with a thin layer of ice, the willows on the shore were bare, and the gray-tiled and gray-walled courtyard houses lined up along the lake, as quiet as a traditional Chinese ink painting.

Lu Chenzhou pointed out the window: "Ya'er Hutong, there is a courtyard house in this hutong, built entirely of Phoebe zhennan wood."

Wen Zhiyu turned to look at him: "Golden Phoebe wood?"

"Yes. From the inside out, the beams, pillars, doors, windows, and furniture are all made of Phoebe zhennan wood."

The courtyard is not large, but the materials used are of the highest quality.

This courtyard was designed in 1980 by Zhang Kaiji, the designer of the Great Hall of the People, and won first prize in Beijing at the time.

It was originally the office of the *China Medical Tribune*, but the newspaper moved out in 2004, leaving the courtyard empty.

How did you know?

Lu Chenzhou glanced at her: "I investigated."

Wen Zhiyu stared at him for two seconds, then didn't ask any more questions.

The taxi stopped in front of a courtyard house with gray walls and gray tiles.

The gate to the courtyard is not large, but the carvings on the lintel are exquisite.

There is an old locust tree planted at the entrance, its trunk so thick that it takes two people to hug it.

Lu Chenzhou paid the fare and got out of the car.

Wen Zhiyu followed behind him, looking around the courtyard.

"Is this the place?"

"Um."

The gate was closed, and the paint on it was a bit faded, but the brass rings were polished to a shine.

Lu Chenzhou stepped forward and knocked on the door knocker. After a moment, the door opened.

A man in his fifties poked his head out. He was wearing a dark gray jacket, his hair was neatly combed, and he had a shrewd look in his eyes. He looked like a businessman.

"Who should I look for?"

"Looking at houses, I heard this courtyard is for sale."

The man sized him up twice, then glanced at Wen Zhiyu behind him.

"Were you introduced by an agent?"

"No, I came by myself."

The man was silent for a few seconds, then stepped aside.

"Come in."

The courtyard is not large, but it has a square layout.

The main house has three rooms, the east and west wing rooms each have two rooms, and the rear house has three rooms, which is the standard layout of a courtyard house.

The courtyard is paved with blue bricks, and a pomegranate tree grows in the middle. Its branches are strong and its leaves have all fallen, but you can tell that it is quite old.

The man led him through the hanging flower gate and into the main courtyard.

"This courtyard covers an area of ​​420 square meters, with a building area of ​​360 square meters."

The main house has three rooms, the east and west wing rooms each have two rooms, and the rear room has three rooms.

The entire house, including beams, pillars, doors, windows, and floors, is made of Phoebe zhennan wood, and the furniture is also made entirely of Phoebe zhennan wood, from old timber.

Lu Chenzhou walked into the main room and looked up at the roof beam.

The grain of Phoebe zhennan wood gleams faintly with gold under the dim light, as delicate as silk.

He reached out and touched the pillar; the wood was warm and smooth, not cold.

"This courtyard was originally the office of the China Medical Tribune. It has been empty since the newspaper moved out in 2004. After I bought it, I didn't do much with it. I just wanted to find someone who knows about it to take over."

"Are you the landlord?" Lu Chenzhou asked.

The man took out a business card from his pocket and handed it to him: "Yes, my surname is Zhou, I work in real estate."

Lu Chenzhou took the business card, glanced at it, and put it in his pocket.

Why sell it?

The man surnamed Zhou was silent for a few seconds: "During the financial crisis, business is not good, and we need working capital."

This courtyard is a treasure; it's made of old Phoebe zhennan wood, which you can't buy even if you have money these days.

I wouldn't have sold it if I didn't urgently need the money.

"How much?"

"Seventy million, in full."

Wen Zhiyu gasped. Seventy million. She glanced at Lu Chenzhou, whose expression remained unchanged.

"Can I see the property ownership certificate?"

"Yes." The man took out a brown paper envelope from the inside pocket of his jacket, pulled out a stack of documents, and handed them to Lu Chenzhou.

Lu Chenzhou took it and turned the pages one by one.

The land use certificate, house ownership certificate, and planning permit are all complete.

After he finished reading it, he returned the document to the man.

"Seventy million, full payment. When can we sign the contract?"

The man hesitated for a moment: "Are you sure you want to buy it?"

"Sure."

"No bargaining?"

"I won't pay it back."

The man stared at him for a few seconds, then smiled.

What do you do for a living?

"Those who do investment."

"Buying a courtyard house as an investment?"

"Buy a place to stay."

The man laughed again: "A foothold worth seventy million, that's quite a large investment for you."

Lu Chenzhou did not respond.

The man thought for a moment: "Did you bring any money?"

"After signing the contract, open an escrow account at the bank. After the transfer of ownership, the bank will transfer the funds to you."

The man glanced at him in surprise: "No problem. I happen to know someone at the housing bureau; the transfer can be done on the same day. Can your money arrive on the same day?"

Lu Chenzhou nodded: "Okay."

The three went to HSBC Bank, where Lu Chenzhou mortgaged a portion of his shares in the mutual fund company, and 7000 million yuan was deposited into a regulatory account.

Then, she followed the man to the housing management bureau and completed the property transfer.

In front of the courtyard house, Wen Zhiyu stared blankly at the newly issued property ownership certificate in her hand.

She stared at Lu Chenzhou for two seconds: "Aren't you afraid of overpaying?"

"A courtyard house made of Phoebe zhennan wood, in Houhai, 420 square meters, 70 million yuan, not expensive."

Moreover, this courtyard is not an ordinary siheyuan (traditional courtyard house).

The entire house is made of old Phoebe zhennan wood, a type of wood that money can't buy these days.

The homeowner urgently needs the money, which is why they're selling it at this price.

Under normal circumstances, a courtyard like this would be worth 100 million yuan after a year.

How do you know he urgently needs the money?

"Because he sold it at the original price, he must have invested money in maintenance and upkeep after buying it, but he didn't raise the price. He was eager to recoup his investment, which is why he was willing to sell it at the original price."

Wen Zhiyu fell silent, staring at the plaque above the entrance for a long while: "What do you plan to name this 7000 million yuan property you're using as a base?"

After staring at the golden nanmu wood for a while, Lu Chenzhou said, "Golden Nanmu Courtyard."

Wen Zhiyu was taken aback: "That's it?"

"That's it."

"Isn't that a bit too blunt?"

"Straightforward is good. The most distinctive feature of this courtyard is the golden nanmu tree. It is called the Golden Nanmu Courtyard. People will know what kind of place it is as soon as they hear it."

Furthermore, the name "Golden Silk Nanmu" sounds like "now facing difficulties," implying that those in positions of authority are not afraid of challenges, just as investors are not afraid of difficulties.

Wen Zhiyu stared at him for two seconds, then smiled.

"You, even when you choose a name, you have to come up with a meaning."

Lu Chenzhou didn't reply. He pushed open the door and walked into the courtyard.

Sunlight streamed down from above, falling on the blue brick floor, on the golden nanmu beams and pillars, and on the bare pomegranate branches.

He stood in the center of the courtyard, looking around.

The main house has three rooms, the east and west wing rooms each have two rooms, and the rear room has three rooms.

The courtyard wasn't large, but it was very quiet.

There were no car noises, no hustle and bustle, only the sound of the wind blowing through the old locust tree.

"This will be our base in Beijing from now on," he said.

Wen Zhiyu stared at him for two seconds: "Us?"

"You're my secretary. Is it proper for a secretary not to follow their boss?"

Wen Zhiyu laughed: "You even include me in the price when you buy a courtyard house."

Lu Chenzhou didn't reply. He turned and walked out, but after taking two steps, he stopped and looked back at the courtyard.

Sunlight, blue bricks, pomegranate trees, and beams and pillars made of Phoebe zhennan wood—seventy million is not expensive.

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