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

"I heard that several of his roommates are planning to apply to go to Hong Kong as exchange students, and he will most likely go to Hong Kong as well. Do you think he will come back to invest in A-shares?"

Moreover, relatively speaking, if you really want to buy at the bottom, buying Hong Kong stocks can indeed earn more.

"When funds reach Hong Kong, it's as if they've reached the whole world. As Asia's top financial center, Hong Kong attracts all the financial elites in the region, so Lu Chenzhou's move to Hong Kong is inevitable."

"Lu Chenzhou has already earned 9678 million. If he triples that amount, he can buy a small mutual fund company. Then he can invest in either Hong Kong stocks or A-shares."

"Give me a break! Public fund companies make too little money, only a few million in fees a year. But private equity makes hundreds of millions. The difference is too big. All the capable people are going into private equity. I guess Lu Chenzhou is no exception."

"Do you think he could buy a public fund management company in mainland China and a private equity fund management company in Hong Kong, doing both?"

"Uh! Sure, and this idea is very much in line with the current policy background and Lu Chenzhou's actual needs."

Simultaneously establishing a presence in both mainland China and Hong Kong, with many institutions now employing a standard strategy of obtaining public fund licenses in the mainland and private fund licenses in Hong Kong.

However, whether Lu Chenzhou will agree is another question. After all, starting in two places might be difficult to manage.

Moreover, the A-share market is relatively small and has too many restrictions, so he might not be willing to invest there.

"I heard some institutions followed suit today. Do you think I should short it next Monday?"

"Don't be impulsive, that's the Rong family! Don't do anything foolish."

"What are you afraid of? Lu Chenzhou has already sounded the charge, let's just follow along."

"Count me in, I also want to test the strength of CEFC China Energy."

"Holy crap! Are you guys crazy? You're really going to short CEFC China Energy?"

"You don't understand. What we are doing now is breaking down faith and going through a process of rebirth."

"Hey! You didn't short CEFC China Energy, did you? I'm shorting BYD Electronic to make some pocket money."

"Holy crap! You old rascal, you're so smart. I'll short China National Building Materials tomorrow."

October 6, 8:40 AM, Room 608, Renmin University Cultural and Technological Park.

The corridor was packed with people, even more than last Friday.

Some people were standing in the corner eating steamed buns while holding their breakfast, some were squatting on the ground flipping through their notebooks, and some were tiptoeing to peek inside.

Several reporters carrying cameras were blocked at the stairwell again. Zhang Yixing sent two people to block them, but it was unclear whether they could hold them off.

"Make way, make way." Xia Yaozong squeezed through the crowd, carrying two bags of soy milk. Someone tugged at his clothes, and he turned around to glare at them. The person who tugged at him had already retreated back into the crowd.

He pushed open the door to 608 and put the soy milk on the table.

Zhang Yixing was sitting in front of the computer checking the market data system, without even looking up: "How many people are outside?"

Xia Yaozong unscrewed the soy milk and took a sip: "At least 150. Those reporters at the door haven't left yet. They said if it breaks 100 million today, they have to get footage of it."

Wen Zhiyu's gaze fell on Lu Chenzhou's profile for a moment, then moved away.

8:50 AM. Forty minutes until the Hong Kong stock market opens.

Room 608 was already packed with people, and the corridor outside was even more congested.

A dozen or so girls from other schools stood on tiptoe and peered through the glass door. One of them, wearing a camel coat and with exquisite makeup, was taking pictures with her phone.

"Is that Lu Chenzhou?" she asked the person next to her in a low voice.

"Yes, the one sitting in front of the computer."

She was taken aback: "So handsome? I thought all stock market guys were bald, greasy old men."

Someone nearby scoffed, "He's only 20, a junior in college, 1.85 meters tall, started from scratch, and now he's worth almost 50 million. What, are you tempted?"

The man in the camel coat didn't reply, but he held his phone up even higher.

At the other end of the corridor, two girls were chatting against the wall.

A girl with a low ponytail, wearing a black hoodie, holding a cup of Americano.

The other girl had long, curly hair, wore a pale yellow knitted cardigan, and white sneakers.

"Have you noticed that there are significantly more girls here today than last Friday?" the curly-haired woman said in a low voice.

The woman with the low ponytail took a sip of her Americano: "Of course, I counted last Friday, and girls made up about a quarter of the class. If you count today, they're almost half."

"Holy crap, really?"

The woman with the low ponytail pointed to both sides of the corridor with her chin: "Look for yourself, the one in the camel coat, a first-year graduate student from Guanghua School of Management at Peking University, arrived last week."

The guy next to me with the red scarf, he works in international trade and economics; this is the first time I've met him.

And that short-haired woman over there, wearing MaxMara, I know her, she's from CICC's research department, I don't know who recruited her.

And the one next to her, very tall, with the best poise of the entire audience, is from the Beijing Dance Academy.

The curly-haired woman's eyes widened: "China International Capital Corporation (CICC) is here too?"

"Come on, why aren't you coming? Lu Chenzhou's account is almost worth 100 million now. He turned 10,000 into 100 million in 16 days. The entire financial industry is watching him. You think those girls are here to watch the show? They're here to hunt him down."

The curly-haired man paused for a moment, then laughed: "Young and rich, self-made, earning millions a day, tall and handsome, you have to admit, this is definitely a top-tier combination."

The woman with the low ponytail sighed, "So, Wen Zhiyu is in for a tough time."

Curly-haired girl turned her head and glanced into room 608. Wen Zhiyu was standing by the window, wearing a bulky sweater, her hair in a ponytail, holding a cup of hot water, and quietly looking in Lu Chenzhou's direction.

Her expression was indifferent, unlike the girls crowding at the door who seemed excited or deliberate.

She stood there, neither moving forward nor backward, like a satellite whose position had been determined.

"She's quite composed," the curly-haired woman said.

The woman with the low ponytail took another sip of her Americano: "Nonsense, she entrusted Lu Chenzhou with all of Mom's life-saving money. What can those flashy, cheap women at the door compare to that level of trust?"

At 9:00 AM sharp, there were still 30 minutes before the Hong Kong stock market opened.

The atmosphere in room 608 became tense.

Some people pulled out their laptops to check pre-market data, some were whispering about how much the market would drop today, and some were using calculators to figure out how much profit they could make today.

"The Hang Seng Index is down almost 3 points in pre-market trading, and the H-share Index is down more than 4 points." Zhang Yixing stared at the screen, his voice not loud, but everyone in the room could hear him clearly.

Xia Yaozong leaned back in his chair: "Everyone in Europe and America is talking about Black Monday. If the price drops to a certain level today, our account could easily exceed 100 million."

As soon as he finished speaking, a hushed commotion arose in the room.

"How much difference?" someone asked.

Zhang Yixing calculated quickly: "The net assets at the close of trading last Friday were 9678 million, which is 322 million short."

Hong Kong stocks will most likely continue to fall at the open today, and our short positions will likely generate profits of at least another one or two million, with breaking 100 million being a certainty.

"Holy crap..." someone gasped, "16 days, from 10,000 to 100 million."

A bespectacled boy corrected him, "Brother Lu's own money is not just 10,000. He initially raised 300,000 to invest, accounting for 20%. Based on his current net worth, his portion is worth 20 million."

With the trader's 30% commission, he can still get 3000 million.

After deducting the overlapping portion, he received approximately 4400 million.

The room fell silent for a moment.

Wang Hao's voice trembled slightly: "4400 million? How much is that in RMB?"

"At the current exchange rate, it's approximately 3870 million."

"3870 million...20 years old..." Wang Hao swallowed hard. "What was I doing when I was 20? Playing games in an internet cafe."

Some people laughed, but their laughter was bitter.

At 9:15, the opening auction began.