Chapter 758 - 314: Off-the-Book Funds (2)
Just because of this reason, the employees of Extreme Shadow Cars feel quite secure. Even if they fail the assessment, they can switch jobs.
Even if they don’t want to switch jobs, they will be given 4N resignation compensation to lay a solid foundation for finding their next job.
Tang Jianwei never thought he could stay so comfortably in the workplace. Many of his classmates have become like cattle and horses, working themselves to exhaustion for ten thousand a month, with only a few lucky ones making thirty or forty thousand.
After spending twenty-five years in school, they each entered society only to find out that there’s a great conflict between ideals and reality.
Some people have become hypertensive by thirty, and balding is more than common.
"President Tang, I heard from the finance side that President Li transferred all of the company’s funds..."
Someone privately messaged Tang Jianwei in the departmental group.
"Which finance?"
"Well... it’s just hearsay..."
The person evidently didn’t dare reveal the source of the information. After all, someone told him in confidence, and if he went blabbing, he’d be betraying their trust.
"Don’t worry about other matters. Didn’t President Li tell you all at the employee meeting? You’re earning your hard-earned money, don’t worry about this or that. Even if the company goes bankrupt, you won’t be short a penny."
Tang Jianwei reprimanded the person.
"President Tang, isn’t it because we feel comfortable at Extreme Shadow Group? Everyone is thinking of seeing if there’s anything they could help with."
Tang Jianwei said: "Help with what? Save your salaries for getting married! And don’t forget President Li’s teachings: when you make money when you’re young, don’t think of it as nothing. Your chances of making big money might be only for a decade or so, and there you are, spending it on gifts for female streamers or online dating them. If President Li knew, he’d be livid!"
"What about you?"
"I’m different. I have a wife and kids, I even bought a large apartment in Jiangbei, I have everything. Plus, I have ten million in cash, it’s only right to support President Li."
...
The market opens at one in the afternoon.
Li Yang had already planned out the three hundred billion funds; just sustaining one day would do, not allow the market to collapse.
Foreign capital had dumped as much as it could.
Foreign investments in A-shares total around two thousand billion, twelve hundred billion of which are long-term holdings that generally don’t move.
Hot money flows back and forth, only amounting to a few hundred billion, and after yesterday and today, what’s needed to be dumped had mostly been dumped.
If the main force of dumping in the morning was foreign capital, now it’s domestic capital.
Some institutions are ruthless in dumping their own people’s shares.
When foreign capital is buried, they charge in recklessly, equally ruthless.
Many financial systems in the country are learned from abroad. Even though they’re no longer applicable now, people still uphold them as principles, willingly acting as minions.
Just like certain legal influencers, when something happens on the eastern side, they talk about humanity and loopholes.
When trouble occurs in the west, they discuss rationality, start whitewashing, and when they can’t justify it, they go silent, pretending not to see their idols frequenting Loli Island.
Actually, today’s situation was very clear, clear enough for someone who doesn’t really know stocks to anticipate what will happen next.
At the opening, a large number of chips were thrown out.
All of them were Wanliu Capital’s heavily invested stocks.
Those stocks that were labeled cannot increase positions within three days, so Li Yang had no choice.
The three hundred billion have to be used elsewhere; anyway, there are plenty of holdings. Any random stock is hit by six or seven points underwater; over two hundred stocks were hit to the point of a trading halt.
Today, funds saw a net value loss of about six percent, Li Yang bought too many chips at the limit down, making it hard to push those stocks to another limit down again.
Thus, a large portion of chips today is profitable.
Three hundred billion funds spilled out onto the sixty trillion market, managing to act as a noticeable entity.
Announcements of stake acquisitions were frequent; by just one thirty, Wanliu Capital had acquired stakes in six companies.
Li Yang remembered the last time he acquired stakes in dozens of stocks; then he put Jiang Baichuan in a bind, letting Jiang Baichuan take the blame.
That trick wouldn’t work now because this time, he actively stepped forward, and Jiang Banxia violated regulations first.
If Jiang Baichuan continues to help in that way, no one would approve.
Li Yang suddenly discovered Green Water Group had hit the limit up.
Even Wanliu Capital, which opened, managed to seal the deal again.
He sensed other funds entering the field.
Is foreign capital bottom fishing?
It’s not rock bottom yet.
Not until he’s knocked down will it be considered the bottom.
A few more minutes passed, and Ningde, staked by Li Yang, also hit the limit, characterized by violent rallies, with over a billion directly thrown in.
Next came Huachuang Technology, and SunPower...
Because of Wanliu Capital’s stake acquisitions, their sell-off pressure wasn’t very strong.
Firstly, Wanliu Capital gobbled up too many chips, reducing the sell-off pressure.
Secondly, Wanliu Capital had no operational room, those people weren’t in a hurry to sell off, letting retail investors dump their shares a while, only occasionally guiding.
So, when large funds entered to lift the price, there was virtually no resistance, with few chips above.
A few billion easily lifted companies valued at hundreds of billions to a thousand billion.
This sentiment quickly spread across the A-shares.
Any stock targeted by Wanliu Capital book an increase and gradually hit limit up in the next few minutes.