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

"No rush."

"But it has already fallen so much."

"Not yet." Lu Chenzhou's tone was calm.

Zhang Yixing opened his mouth as if to say something, but seeing Lu Chenzhou's expression, he swallowed his words.

Wen Zhiyu stood by the window, looking at his profile.

Her fingers gripped the water glass tightly, but she didn't speak.

In the afternoon, Hong Kong stocks fell further.

The Hang Seng Index fell more than 1500 points in the afternoon, hitting a low of 14398 points, a drop of more than 9%.

The market has completely fallen into a panic sell-off.

Regardless of cost or price, as long as it can be sold, any price is acceptable.

Japanese stocks have closed, with the Nikkei 225 index plunging 9.62% to close at 8276 points, marking its biggest single-day drop since the 1987 stock market crash.

The Bank of Japan injected 4.5 trillion yen into the market that day, a record high, but this still could not stop the sell-off.

The South Korean stock market once plummeted by more than 9%, falling below the 1200-point mark.

Yesterday's closing price: HK$16.92

Closing price today: HK$14.80

Today's floating profit/loss: +HKD 214.22

Total floating profit/loss: +HKD 843.51

Profit/loss ratio: +37.11%

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China National Building Material (HK3323)

Short selling amount: HK$7976 million

Average transaction price: HK$8.48

Short selling volume: 939.38 shares

Yesterday's closing price: HK$6.02

Closing price today: HK$4.60

Today's floating profit/loss: +HKD 1333.92

Total floating profit/loss: +HKD 3644.78

Profit/loss ratio: +45.71%

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total

Today's floating profit/loss: +HKD 1548.14

Yesterday's net assets: HK$1.45 million

Net assets today: approximately HK$1.60 million

No one cheered in the room.

Zhang Yixing stared at the numbers on the screen, his voice a little hoarse: "More than 15 million a day, net assets of 160 million."

Xia Yaozong said absentmindedly, "Global stock markets are all falling, but we're the only ones making money."

Lu Chenzhou didn't say anything; he picked up his water glass and took a sip.

Zhang Yixing asked from behind, "Shenzhou, what's the plan for Monday?"

Lu Chenzhou hesitated and said, "It depends on the situation."

The crowd gradually dispersed in the corridor.

Some people are still doing accounts, some are on the phone, and some are squatting in the corner in a daze.

On Baidu Tieba, a post went viral across the entire internet:

Friday, July 10, 2008.

On this day, the Hang Seng Index fell below 15000 points, closing at 14796 points, a three-year low, and fell 16.3% for the week, the largest weekly drop since 1997.

On this day, the Japanese stock market plummeted 9.6%, marking the largest single-day drop since the 1987 stock market crash, while South Korea, Australia, and Singapore all experienced sharp declines.

On this day, the Dow Jones Industrial Average fell more than 1000 points during the day, marking the largest swing in history, before closing at 8451 points, down another 128 points.

On this day, global stock markets experienced "Black Friday," all market rescue measures failed, and investors were left with only one action: to sell.

On this day, Lu Chenzhou's two blank orders were not settled.

Huaxin Taifu closed at 14.80, and China National Building Material closed at 4.60.

His net worth increased from 1.45 million to 1.60 million.

At Beijing Capital International Airport, Terminal 3, Zhao Xianglong remained silent for a while as he watched the people in the group praising Lu Chenzhou.

He scrolled to his assistant's number: "I'm leaving. Time to get started."

The assistant replied instantly: "Okay, young master, have a safe trip."

Zhao Xianglong put his phone in his pocket and leaned back in his chair.

He glanced at the sky outside the window; it was gray and hazy, and he couldn't see anything clearly.

The boarding announcement came on.

Zhao Xianglong stood up, picked up his boarding pass, and walked toward the boarding gate.

He didn't look back, but he knew that the methods he left behind would cause Lu Chenzhou a lot of trouble.

Even if you can't kill him, you can still disgust him to death.

As the plane took off, Zhao Xianglong sat by the window, watching the Beijing cityscape outside grow smaller and smaller until it disappeared into the clouds.

He closed his eyes.

The phone is already switched off.

But he knew that his assistant had probably already taken action.

On Baidu Tieba, people are probably already discussing "the NPC leveraged brother's illegal fundraising".

A cold smile crept across his lips. "Lu Chenzhou, I hope you'll like my gift."

7 PM, Room 608, Renmin University Cultural and Technological Park.

The corridor was empty, but the light in room 608 was still on.

Zhang Yixing sat in the corner scrolling through his phone, while Xia Yaozong leaned against the window smoking.

Wen Zhiyu sat next to Lu Chenzhou, quietly reading a book.

Lu Chenzhou sat in front of the computer, looking at international and domestic news.

Zhang Yixing suddenly cursed.

"What's wrong?" Xia Yaozong asked.

Zhang Yixing pointed to a post on Baidu Tieba on his computer screen; the title was highlighted in red and had been pushed to the front page.

[Shocking] Lu Chenzhou, the "Leverage King" of the National People's Congress, has illegally raised over 100 million yuan and may face criminal charges.

The main post wasn't long, but every single point leaned towards accusations of illegal fundraising:

Lu Chenzhou, a third-year student at Renmin University of China, raised HK$1.6 million from unspecified individuals under the guise of managing clients' funds without approval from regulatory authorities.

Their actions constitute suspected illegal fundraising, and according to Article 176 of the Criminal Law, they could face imprisonment for not less than three years but not more than ten years.

The post went viral instantly, with over 30,000 replies immediately following.

"Illegal fundraising? What about his investors?"

"I told you long ago that managing money on behalf of others is illegal, but you wouldn't believe me."

"He signed a contract with his classmates; does that count as illegal fundraising?"

"A contract? Does he have a license? If he doesn't have a license, it's illegal."

"Stop talking nonsense. If he makes money, it's illegal fundraising? But you don't talk about the losses?"

"The law doesn't look at profits and losses, it looks at qualifications. If he doesn't have the qualifications, then he's breaking the law."

Zhang Yixing scrolled down and found a reply that had been pushed to the top.

The poster's ID is a string of numbers, and the registration time was two days ago.

"I have already filed a formal complaint with the China Securities Regulatory Commission. Lu Chenzhou's fundraising activities have no regulatory approval whatsoever. Investors can still redeem their money now, but if they wait any longer, they may not get a single penny back."

This reply has received over eight thousand likes.

Zhang Yixing's face turned pale: "Shen Zhou, someone is stirring up trouble. This isn't a discussion; they're trying to label it as illegal fundraising."

Xia Yaozong stubbed out his cigarette, his expression grim.

"It's not just on Baidu Tieba; Sina Finance, Sohu Finance, and Hexun.com are all sharing it, with headlines like 'illegal fundraising,' 'management on behalf of clients,' and 'regulatory intervention.'"

He clicked on a webpage, and saw a Sina Finance article: "Renmin University student raises over 100 million yuan to speculate in Hong Kong stocks; lawyer: suspected of illegal fundraising."

Sohu Finance: "Lu Chenzhou's Gray Business: Unlicensed Asset Management and Cross-Border Capital Outflow"

Hexun.com: "HK$1.6 Million! A Student's Illegal Fundraising Empire"