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

"In December, the exchange student program usually starts in January, but I can go there in advance to register the company and submit the license application."

Xia Yaozong looked at Lu Chenzhou, who remained calm: "So, you had this planned from the very beginning?"

Lu Chenzhou did not answer the question. He opened a document on his computer, which contained a few lines he had written the previous night:

Zhizhou Capital (Hong Kong) Limited

Registered address: Central (tentative)

Business Scope: Asset Management (SFC License No. 9)

Licensed Person in Charge: Lu Chenzhou

Start-up capital: HK$1 million

First batch of products: Private equity funds (minimum investment of HKD 100 million)

Zhang Yixing leaned over and glanced at it: "1 million? You're going to transfer most of the funds over there?"

"It's not that it was turned around, it was always meant to be there."

The money is in a Hong Kong account, the company is registered in Hong Kong, and the person in charge operates the business in Hong Kong.

Everything was in one place, clean and tidy.

Xia Yaozong asked a practical question: "What will happen to the students here after you go? What about the money Wen Zhiyu and the others invested?"

Lu Chenzhou glanced at him: "They should go too."

"What?"

"I'm not the only one who can apply for the exchange student program in Hong Kong. Wen Zhiyu has the highest GPA in the department, so applying to the University of Hong Kong shouldn't be a problem."

Although your grades are average, spending some money to improve them shouldn't be a problem. Zhang Yixing should have no problem getting into a polytechnic university or Lingnan University.

Xia Yaozong and Zhang Yixing exchanged a glance, both showing a hint of excitement.

However, they immediately looked at Yang Cheng, who was quietly reading a book to the side.

Yang Cheng shook his head: "I can't help it, my family has made arrangements, I'm going to the United States in December."

At 7:40, the corridor began to fill up with people.

Wen Zhiyu arrived, wearing a very bulky coat and carrying an insulated bag.

She walked through the crowd, pushed open the door to room 608, went to Lu Chenzhou's side, and placed the insulated bag on the table.

"Eat millet and pumpkin porridge while it's hot."

Lu Chenzhou glanced at her: "Have you eaten?"

Wen Zhiyu paused for a moment, then smiled: "I ate it."

Lu Chenzhou opened the insulated bag, took out the porridge, and took a sip.

Wen Zhiyu noticed Zhang Yixing and Xia Yaozong's expressions and frowned slightly: "What's wrong?"

Xia Yaozong stated directly, "Someone reported us, and the regulators are paying attention."

Wen Zhiyu's expression tightened: "Is it serious?"

Lu Chenzhou put down the porridge: "It's not serious, it's just that we need to plan ahead and apply to set up a company."

He looked at Wen Zhiyu: "You mentioned the Hong Kong exchange student thing last time, report it!"

Why?

"Because we're both going, I'll go to HKU, and you'll go to HKU too. The company will be registered in Hong Kong, I'll hold the license, and you'll be the secretary."

The room fell silent.

Wen Zhiyu stared at Lu Chenzhou for several seconds before asking, "Are you serious?"

"When have I ever not been serious?"

Wen Zhiyu took a deep breath and then smiled: "Okay, I'll apply."

Zhang Yixing chuckled beside him, then asked, "Chen Zhou, when are you planning to leave?"

Lu Chenzhou thought for a moment: "Next month! By then, we should have enough money to buy a small mutual fund company in mainland China."

Those with insufficient funds or who find it inconvenient to transfer funds abroad can also purchase wealth management products from mainland China.

Everyone was stunned. They thought Brother Lu had given up on A-shares, but they didn't expect him to be trying to do both.

But will I be able to afford a mutual fund next month?

He picked up the porridge and took another sip.

"Let's check the market first; we can discuss these things after the market closes."

At 8:50, room 608 was already packed with people.

Everyone was staring at the projection screen on the wall.

Hang Seng Index futures fell 4 points in pre-market trading, then 5 points.

Huaxin Taifu's pre-market price fell from 16.20 to 15.90.

China National Building Materials fell from 5.60 to 5.40.

Lu Chenzhou sat in front of the computer, his gaze calm.

But he was calculating something else in his mind: he was going to Hong Kong next month, which was about a month away.

In this short period of time, he needs to close out his short positions in Huaxin Taifu and China National Building Materials, transfer funds from Xia Yaozong's account to the new company's account, submit the company's registration and license applications, and finalize the exchange student applications.

Time was tight, but enough.

At 8:50, room 608 was already packed with people.

Everyone was staring at the projection screen on the wall.

The overnight plunge in US stocks felt like a boulder pressing on everyone's chest.

The Dow Jones Industrial Average fell for the seventh consecutive day, while the S&P 500 dropped below 1000 points for the first time in five years.

These numbers flashed on the screen like some kind of ominous premonition.

"It's already down almost 5 points in pre-market trading." Zhang Yixing's voice trembled slightly.

Will the Hang Seng Index break 15000 today?

"So what if it breaks? Brother Lu is holding his short positions; the more it falls, the more he makes."

"I'm not worried about Brother Lu, I'm worried that if the market crashes too badly, the regulators will intervene."

Lu Chenzhou didn't speak. He sat in front of the computer, with three screens lit up simultaneously in front of him.

Hong Kong stock market delayed quotes, US stock futures, Bloomberg News.

His gaze swept over the pre-market data, then paused for a moment.

Huaxin Taifu's pre-market price fell from 15.90 to 15.50.

China National Building Materials fell from 5.30 to 5.10.

Someone is selling off their shares ahead of time.

Hong Kong stocks opened at 9:30 a.m.

The Hang Seng Index opened 1226 points lower at 14717.

This is the first time the Hang Seng Index has fallen below the 15000-point mark since November 2005.

The moment the sale began, room 608 fell into complete silence.

It wasn't cheering, it wasn't gasping for breath, it was a silence of being stunned by the enormous numbers.

The Hang Seng Index closed at 14717, down nearly 1300 points from yesterday's close.

Huaxin Pacific opened at HK$15.22, immediately breaking through the HK$16 mark.

China National Building Material opened at HK$5.20, down nearly 14% from yesterday's closing price.

"The Hang Seng Index has broken 15000," someone murmured, their voice sounding like they were in a dream.

"Huaxin Taifu is priced at 15.22, and Brother Lu's cost is 23.15, so he made nearly 8 yuan per share."

"China National Building Materials is priced at 5.20 yuan, with a cost of 8.48 yuan, resulting in a profit of 3.2 yuan per share."

"These two transactions alone have resulted in a profit exceeding..."

The person speaking hadn't finished calculating when the numbers on the screen started jumping again.

At 9:35, the Hang Seng Index hit a low of 14585 points, with the decline widening further.

The state-owned enterprise index also plummeted, with intraday losses exceeding 10% at one point.

China Mobile fell 5%, and HSBC Holdings opened down HK$10.

Huaxin Taifu followed the market downwards.

15.20, 15.00, 14.90, 14.80...

中国建材更惨，5.20开盘后几乎没有任何抵抗，5.00、4.90、4.80、4.70...

It's hitting new lows every minute.

The atmosphere in room 608 had changed from excitement to something else entirely—not fear, but shock.

No one has ever seen a fall like this.

The Hang Seng Index fell by more than 1,000 points in a single day, and the H-share Index fell by 10%. In the Hong Kong market, this is not a correction, but a stock market crash.

"Won't the Hang Seng Index drop 10 points today?" someone asked.

No one answered.

Lu Chenzhou sat motionless in front of the computer.

At the morning close, the Hang Seng Index stood at 14821 points, down 1121 points, or 7.03%, with a half-day turnover of HK$326 billion.

Huaxin Pacific closed at HK$14.90 this morning, while China National Building Material closed at HK$4.80 this morning.

Zhang Yixing glanced at his holdings screen, his fingers trembling: "The floating profit of Huaxin Taifu's short position is almost 800 million, and the floating profit of China National Building Materials' short position has exceeded 3000 million."

In just half a day, they earned nearly 4000 million.

But Lu Chenzhou didn't move. He sat there, his fingers on the mouse, completely still.

Zhang Yixing couldn't help but ask, "Shenzhou, Huaxin Pacific has already fallen below 15, isn't that a bad sign?"