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

In dormitory 302, Zhang Yixing glanced at the lively online forum and then looked at Xia Yaozong, who was lounging around casually.

"You've earned so much money, how do you plan to spend it?"

Xia Yaozong blurted out: "Buy a supercar. If you can afford a Bugatti Veyron, buy the Veyron. If you can't afford the Veyron, buy a Ferrari or a Lamborghini."

Oh, and if you have extra money, buy one for Brother Lu too.

Zhang Yixing was stunned for a moment, but he quickly realized what was happening.

Xia Yaozong is from Jiangsu and Zhejiang. His family is in the foreign trade business and has a solid financial foundation, so he doesn't need to worry about savings at all. He can do whatever makes him happy.

"I'm afraid you won't be able to buy one! Besides, Brother Lu is 185cm tall; it would probably be very uncomfortable for him to sit in a supercar, wouldn't it?"

Xia Yaozong glanced at the tall and thin Lu Chenzhou: "Oh! It's possible to buy it. I asked a friend, but you need to place an order first, and the delivery time may be as far as 2010."

As for Brother Lu, the convertible can accommodate him, but it doesn't look very good to sit in it because he's too tall, and from the front, his big head sticks out.

For Brother Lu, a Mercedes-Benz S600 or Rolls-Royce Phantom would be more suitable, or an Audi A8 would also be an option.

It's prestigious to drive, and suitable for business negotiations.

Zhang Yixing glanced at Lu Chenzhou's cheap clothes and said, "It's probably unlikely that you'll get Brother Lu to spend money on a luxury car. You'll probably be the only one who can give it to him."

Xia Yaozong shrugged and said in a nonchalant tone, "No problem, if I have extra money, I'll definitely buy one for Brother Lu."

"Give me a larger allocation next time you raise funds; I'll ask my parents and relatives to raise tens of millions."

Zhang Yixing looked at Xia Yaozong, who could casually give away luxury cars and easily raise tens of millions of yuan from his parents and relatives, and a hint of envy flashed across his face.

The four people in the dormitory can be said to come from different social classes. Lu Chenzhou is an orphan, penniless, and a member of the proletariat.

His family lived in a small fifth-tier city. His father was a junior staff member and his mother was a primary school teacher. They could barely be considered middle class.

Xia Yaozong's family is from Jiangsu and Zhejiang, and their lineage can be traced back to the Tang Dynasty. His ancestors included a prefect and a vice minister.

The family wielded immense power, and after the reform and opening up, they took off directly through foreign trade, making a fortune.

As for Yang Cheng, he is even more mysterious. His ancestral home is in Hunan, he grew up in Beijing, and that's about all we know.

Thinking of this, he looked at Yang Cheng, who was quietly reading a book across from him.

In contrast, Lu Chenzhou appeared calm, a composure born from a clear understanding of the market.

Yang Cheng, on the other hand, displayed a deep shrewdness, a profoundness that saw everything but said nothing.

Zhang Yixing sometimes feels that these two people are somewhat similar, yet completely different.

He leaned against the headboard, staring at the ceiling, his mind racing with all sorts of random thoughts.

The comments on the forum, today's actions, Xia Yaozong's supercar, Yang Cheng's cunning, Lu Chenzhou's composure...

He thought that everyone in this dormitory was different.

Lu Chenzhou is a stone, submerged at the bottom of the water, as immovable as a mountain.

Xia Yaozong is like water, flowing wherever it wants, doing whatever he pleases.

Yang Cheng is like ice; his surface is calm, but beneath it lies something unfathomable.

And he himself...

Zhang Yixing thought about it and realized he probably felt like mud.

It's still in its formative stages, being shaped by the people and things around it.

The atmosphere inside the council chamber of the Hong Kong Monetary Authority headquarters was heavy and oppressive.

The day before, the Hang Seng Index plummeted 1372 points to close at 15431, a 27-month low, with the market capitalization of Hong Kong stocks evaporating by nearly HK$9700 billion in a single day.

Panic spread like wildfire through the market, and everyone stared at the Hong Kong Monetary Authority's doors, waiting for a figure who could act as a "stabilizing force."

Ren Zhigang walked slowly onto the podium, his expression calm and his gaze piercing.

Below the stage, reporters from dozens of media outlets, including Reuters, Bloomberg, Phoenix TV, and the South China Morning Post, were already in position, their cameras pointed at him.

"Now we welcome questions from the media," the HKMA assistant said, getting straight to the point.

"Swish swish swish!" A group of reporters quickly raised their hands to signal.

The meeting assistant glanced around and designated the person, saying, "The one in the black suit in the front row."

"President Ren, this is Reuters Media. Hong Kong interbank rates have surged to over 5% in the past week, and interbank liquidity is almost exhausted. How will the Hong Kong Monetary Authority (HKMA) respond? Are there any plans to cut interest rates?"

A Reuters reporter raised the question that the market was most concerned about.

Joseph Yam glanced at the manuscript on the table and replied unhurriedly, "The liquidity of Hong Kong's banking system is indeed facing challenges under the impact of the global financial crisis."

After careful evaluation, the Hong Kong Monetary Authority (HKMA) has decided to amend the calculation method for the base rate of the discount window, effective from tomorrow, October 9.

Previously, the base rate was the U.S. federal funds rate plus 150 basis points.

After the revision, this premium will be reduced to 50 basis points.

He paused, his gaze sweeping across the room: "This means an actual interest rate cut of 100 basis points."

We are determined and confident in maintaining the stability of Hong Kong's banking system.

Reporters throughout the venue took notes rapidly, the sound of keyboards clicking like a dense rain.

"Next," the assistant announced.

"This is Bloomberg News. Hong Kong stocks have plummeted for several consecutive days, and market confidence is on the verge of collapse. Mr. Ren, will this interest rate cut effectively support the market? What is the Hong Kong Monetary Authority's attitude towards the capital market?"

This question from the Bloomberg reporter has touched the hearts of countless stock market investors.

After a brief pause and careful consideration, Joseph Yam replied, "Although this interest rate cut is not directly aimed at the stock market, in the long run it will stabilize interbank market interest rates and will benefit mortgage holders, small and medium-sized enterprises, and all industries."

A stable financial system is the cornerstone of a healthy capital market. We are determined and confident to win this battle for financial stability.

"Next." The assistant looked at the other reporters.

"Phoenix TV reporter Chen Minyi, I would like to ask Governor Ren: Does this 100 basis point interest rate cut mean that the Hong Kong Monetary Authority will follow the lead of central banks around the world in jointly rescuing the market? Is there any room for further easing in the future?"

The Phoenix TV reporter first introduced himself before asking the question.

Joseph Yam was well-prepared and calmly responded: "We will adhere to the linked exchange rate system, while flexibly utilizing the discount window tool to optimize liquidity management and prevent financial risks."

Hong Kong's banking system remains robust, with capital adequacy ratios well above international standards.

We will actively seek economic support and accelerate market recovery.

"Next."

This is the South China Morning Post...

With Ren Zhigang's watertight answers, the capital market gradually reacted.

Although the press conference has not yet ended, the news has already spread rapidly around the world through Reuters and Bloomberg terminals.

The previously stagnant Hong Kong stock and futures market began to fluctuate wildly during the after-hours trading session.

Short sellers began to panic and cover their positions, while buying activity quietly emerged.

Meanwhile, commentators from major Hong Kong securities firms began publishing analysis reports.