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

As she walked out of the Central Centre, Wen Zhiyu took out her phone and glanced at the Hong Kong stock market closing data.

The Hang Seng Index closed at 16312 points, a surge of 1515 points, or 10.24%, in a single day.

This is the Hang Seng Index's largest single-day gain since October 29, 1997.

中国建材收盘价5.10港元，较上午最低点4.53涨了0.57港元，较陆沉舟的平仓价4.60涨了0.50港元，涨幅10.87%。

华信泰富收盘价15.86港元，较上午最低点14.10涨了1.76港元，较陆沉舟的平仓价14.20涨了1.66港元，涨幅7.16%。

Wen Zhiyu stared at the set of numbers and did some calculations.

If Lu Chenzhou hadn't closed his position at 10:13 AM, but instead waited until the market closed...

The unrealized profit from China National Building Materials' short position will shrink from 3645 million to about 3000 million.

Huaxin Taifu's short position profit will shrink from 904 million to about 720 million.

The two short positions resulted in a loss of approximately HK$830 million.

But he didn't wait.

He closed all his positions near the lowest point of the morning's decline, just as the rebound began.

It's not because he saw the future, but because he understood the rhythm of today.

Wen Zhiyu put her phone in her pocket and quickly followed Lu Chenzhou.

"Brother Lu."

"Um."

How did you know the morning would be the lowest point?

Lu Chenzhou did not stop.

"Because those who missed out are waiting for the afternoon."

Wen Zhiyu was taken aback.

Lu Chenzhou continued, "The market opened high in the morning, and those who chased the high got trapped."

The price fell in the morning, and those who sold at a loss left the market.

In the afternoon, those who missed out will enter the venue.

Therefore, the lowest point will definitely be in the morning, not in the afternoon.

Wen Zhiyu stared at his back for a long time in silence.

Then she laughed.

"You're the kind of person who calculates everything perfectly."

"I don't know the details clearly enough to dare to place a bet."

He turned around and continued walking forward.

Wen Zhiyu followed behind him, watching his back.

The afternoon sun at four o'clock peeked through the gaps between the tall buildings and fell on his shoulders.

She thought that this person would probably never turn back.

Because he's always looking ahead.

And she was willing to follow him.

It wasn't because she couldn't catch up, but because she knew that the place he was going to was worth going to.

As they walked out of the Central Centre, Wen Zhiyu asked, "What's next? Go back to Beijing or stay in Hong Kong?"

Lu Chenzhou glanced at the time on his phone and remained silent for two seconds.

"You go back to Beijing tonight, I'll stay."

Wen Zhiyu paused for a moment, then asked, "Tonight?"

"The shell company issue isn't finished yet. The transfer of ownership, opening of an account, and change of license will take at least a few more days. The school gave us a week to go back and handle things with the investors."

Wen Zhiyu understood.

He handled the formalities in Hong Kong, while she returned to Beijing to secure investors.

"Then I'll go to the airport now," Wen Zhiyu said, trying to flag down a car.

Lu Chenzhou took a document out of his backpack and handed it to her.

That was the “Letter of Intent for Investors of Zhizhou Capital (Hong Kong) Limited” that he had prepared when he was in Beijing.

"After we get back, we'll get all the investors to sign this letter of intent."

The terms and conditions are clearly stated: the existing funds will be transferred to a licensed asset management company in Hong Kong, the original asset management contract will be terminated, and the funds will be converted into compliant fund products.

Two options: redeem, and receive your principal and interest in full, without any fees.

Alternatively, the funds could be transferred to a Hong Kong company and managed by me.

Wen Zhiyu took the document and flipped through it.

The letter of intent was pre-printed, with a standardized format and clear terms.

Every place that required the investor's signature was marked with a sticky note.

She looked up at Lu Chenzhou.

"When did you prepare this?"

"Before coming to Hong Kong."

Wen Zhiyu remained silent for a moment.

So he had planned from the beginning that no matter if anyone reported him or the school gave him a deadline, he would do this in accordance with the law.

He wasn't forced into it; he chose to take this step himself.

"After you get back, find Zhang Yixing and Xia Yaozong and ask them to help you get all the letters of intent signed by investors within three days."

Wen Zhiyu put the documents into her backpack: "And what about you? Where will you stay if you're all alone in Hong Kong?"

"Chen Yongren will make the arrangements."

Wen Zhiyu stared at him for two seconds.

She was still worried, but she also knew that this person never needed anyone to take care of him.

"Okay, then call me after you've got things sorted out here."

5 p.m., Hong Kong International Airport.

Wen Zhiyu and Lu Chenzhou waved goodbye, exchanged their boarding passes, went through security, and sat down on the chairs next to the boarding gate.

She took out her phone and sent a message to Xia Yaozong:

"I'm heading back to Beijing tonight, landing at 9 PM. Are you free to pick me up?"

Xia Yaozong replied instantly: "Brother Lu has already made arrangements. Just give me a call when you arrive."

Wen Zhiyu paused for a moment before replying, "Okay, I'll call you when I get there."

The boarding announcement came on.

She stood up and joined the queue to board the plane.

As the plane took off, Hong Kong outside the window transformed into a golden silhouette in the twilight.

Several ships were moving slowly on the surface of Victoria Harbour.

Wen Zhiyu leaned back in her chair and closed her eyes.

His mind was filled with images from this morning: him standing downstairs at the Central Centre, holding a laptop, closing out his positions on the roadside.

Surrounded by white-collar workers rushing by, no one recognized him, and no one knew that this young man in a thin black jacket had just completed two transactions worth tens of millions of Hong Kong dollars.

His expression didn't change at all when he closed out his position.

Just like buying a bottle of water at a convenience store.

Wen Zhiyu opened her eyes and looked at the clouds outside the window.

She thought that this person would probably always be like this.

No matter how much money he makes, no matter how the market fluctuates, he always has the same expression.

It wasn't an act; it was genuine calm.

9:10 PM, Beijing Capital International Airport, Terminal 3.

Wen Zhiyu dragged her suitcase out of the arrival gate and immediately saw Xia Yaozong's car.

It wasn't because his car was conspicuous, but because Xia Yaozong himself was too conspicuous.

He leaned against the car door, wearing a dark gray trench coat and holding a cup of coffee, looking like a model posing for a magazine cover.

Several girls passing by kept turning around to look at him.

"Here." Xia Yaozong waved to her.

Wen Zhiyu dragged her suitcase over and asked, "When did you buy this car?"

Xia Yaozong opened the trunk and helped her put her suitcase in: "It's my dad's, just make do with it."

Wen Zhiyu glanced at the car's logo but didn't say anything.

This is not just "make do"; even a Mercedes-Benz would only be "make do" in this case.

Xia Yaozong opened the driver's side door, glanced back at her, and asked, "Where's Chen Zhou?"

"He stayed in Hong Kong to handle the formalities."

What procedures are required?

Wen Zhiyu opened the back door and sat down: "Buy a shell company, transfer ownership, get the license. He said he wanted to transfer all the funds to Hong Kong to make it compliant."

Xia Yaozong started the car and drove out of the parking lot.

"He should have done this a long time ago. The regulations here in mainland China are too strict. It's easy to be accused of illegal fundraising or managing clients' money on their behalf. Who can stand being labeled like that?"

Once he's in Hong Kong, he operates with a license, legally and compliantly, and nobody can touch him.

Wen Zhiyu leaned against the car window, watching the lights flowing outside.

"Do you think he can make it?" she asked.

Xia Yaozong glanced at her in the rearview mirror: "Which aspect are you referring to?"

"company."

Xia Yaozong was silent for two seconds, then smiled.

"Have you ever seen him fail at anything?"

Wen Zhiyu thought for a while.

It's been less than a month since I went all in on CITIC Securities on September 18th.

Everything he did came to fruition.

It wasn't just good luck; he had calculated every single step meticulously.

"That's true," Wen Zhiyu said.