The wait was always long, but Zhang Tianxing had developed a good habit: haste makes waste, and it was best to take things slow.
Fuzhou Machinery's stock was sealed, as solid as ever. It seemed there wasn't much selling pressure. Zhang Tianxing put his mind at ease, now all he had to do was wait for the market close to see what news would emerge.
In the conference room of Fuzhou Machinery, Li Yu was presiding over a meeting. As Li Yu was delivering his speech, his assistant, Xiao Fang, rushed in. "Director Li, something big has happened, a major event!"
Seeing Xiao Fang's demeanor, Li Yu was taken aback. "No way, something happened in just this short time? I've just taken office and haven't even made my mark yet."
Before the meeting, he had specifically asked Xiao Fang to monitor Fuzhou Machinery's stock trend. Had Fuzhou Machinery hit the daily limit down again? That couldn't be right!
To mask his unease, Li Yu picked up his cup, took a sip of water, and asked slowly, "Xiao Fang, what happened? Tell me slowly, don't rush."
Hearing Li Yu's steady tone, Xiao Fang's mood instantly calmed down. She took two deep breaths, composing herself.
"Director Li, it's good news! Our Fuzhou Machinery has hit the daily limit up! It powerfully surged to the limit at 9:45 AM, with massive buying volume. Yesterday it was a day-low to day-high reversal, and today it's hit the limit up. It looks like Fuzhou Machinery is going to be the brightest star in the market."
Upon hearing this, everyone cheered. The stock price of Fuzhou Machinery had been a major concern. If the stock price didn't rise, how could they reduce their holdings and cash out? Without cashing out, how could the company develop and make money? If they couldn't make money, what was the point of the company being listed?
Li Yu, hearing this, smiled and nodded. "Alright, I understand. Xiao Fang, you've worked hard. Go back and keep an eye on the market!" He casually encouraged Xiao Fang, who gratefully returned to monitor the stock.
"Everyone, good news from the stock market. This is just the first thing I, as chairman, will do: drive up the stock price. We will double our company's stock price!" Li Yu began with some bragging.
Whether it would break or not, as an official, you had to brag first. If you didn't brag, who would follow you? Everyone was busy, and without benefits, who would stick around?
Li Yu was also quite puzzled. Where did the funds sealing the stock price come from? Could it be the same funds that broke the price yesterday? Were they trying to turn this stock into a "demon stock"? If so, he would have to find a way to cash out.
After all, "demon stocks" soared to the heavens and fell just as quickly, leaving behind only a mess.
Therefore, the timing had to be grasped. Opportunities were rare and never to be repeated. "Demon stocks" could double, or even tenfold.
Li Yu dared not even imagine such figures; the scene was too beautiful to contemplate.
Near the market close, the Securities Regulatory Commission issued a notice. After reading it, Li Yu finally understood why Fuzhou Machinery had hit the daily limit.
Because new funds had entered the market.
The China Securities Regulatory Commission had issued a decision regarding domestic residents' ability to invest in the B-share market. Now, everyone could play in the B-share market.
"Waiting and waiting, I've finally seen this day. I can play in B-shares too."
"B-shares are no longer exclusive to foreign capital and a select few. Now everyone can participate. I'm coming to earn foreign exchange!"
"If you don't understand, just ask. I see everyone wants to play in B-shares, but why?"
"You must be a newbie. But this question is no problem for me. I'm a helpful handsome man, so let me answer. Because B-shares have a lag. If A-shares have risen sharply and B-shares haven't, selling your B-shares is definitely right. B-shares will converge with A-shares. Sell when it's close enough. Making money is this simple."
"A word from you is worth ten years of study. B-shares, here I come."
After seeing these comments online, Li Yu's heart finally felt at ease.
His luck was truly good. He was worried about the company's stock price, but now it seemed to be a non-issue.
With this news out, the company's stock price doubling would be no problem at all. It just depended on how high it would rise.
Indeed, the blessed don't need to rush, while the unfortunate run themselves ragged. It was all fate, and one had to accept it!
Li Yu hummed a happy tune as he walked away, feeling utterly blissful. Life was truly wonderful.
Chen Sancang, upon hearing the news, gasped. "That was close! If this announcement had come out two days earlier, I would have been in deep trouble."
"But that Zhang Tianxing must be crying himself to death right now, right? His shares, which were supposed to soar, were sold off. What's the difference between that and enlisting in the Nationalist army in '49?"
"One can only say that one's fate is determined by heaven. Heaven was not on Zhang Tianxing's side this time."
"But it benefited that guy Li Yu. With Li Ming gone, that fellow smoothly took over as chairman. Now, with the company's stock price rising, Li Yu's position seems secure."
"However, I'll have a good talk with Li Yu another day and let him know how he got this position. If he's not wise, don't blame us for being impolite."
But then Chen Sancang thought again, Zhang Tianxing still held shares in three other companies. This was a big mess. Wouldn't those three companies rush to resume trading seeing this situation? Chen Sancang was troubled, how should he handle this? He really couldn't figure it out.
...
As soon as this announcement was released, China Shipbuilding, China Software, and Shengjing Gold, these three listed companies, could not sit still any longer.
"In this situation, if we remain suspended, our company will gain nothing. I suggest we apply to resume trading."
"I agree with this view. As long as we are in the market, hot money can flow to us. If we are suspended and then resume trading, there will be no hot money left. Without money, how can we rise?"
"Exactly. Don't let us miss out on the gains while still suffering the losses. Let's resume trading first."
"But the reason for our suspension was..."
"Save it. We're all adults. Who doesn't know who? As long as we can account for it, the price will rise or fall as it should. Having that document is enough."
"The bold eat, the timid starve. Enough said, let's resume trading and go all out!"
The secretary of Shengjing Gold directly called Chen Sancang. "Brother Sancang, this is from Shengjing Gold. Yes, our stock price needs to be adjusted, a market-driven spontaneous adjustment. We plan to resume trading tomorrow. I'm sorry, Brother Sancang, I'm not asking for your opinion this time, I'm just informing you. Considering our past cooperation, I'm telling you, your opposition is invalid!"
Chen Sancang was so angry he almost spat blood. Good heavens, this was practically rubbing it in his face. No listed company had ever dared to speak to him like this before.