Shanghai, in the office of a State-owned Assets Supervision and Administration Commission.

Across from Mr. Chen sat several SASAC leaders, who were discussing issues related to the recent volatility in financial markets.

In fact, this should have been a job that the CSRC and the CBRC were concerned about, but due to the particularity of the industry involved, the SASAC, which was already closely related to the Spark team, naturally became the leader of the disposal team.

After the clues in the early stage are summarized, they have basically been checked out by now."

Chen Feiyun personally distributed materials to other participants and said:

"According to the information provided by the Securities Regulatory Commission, most of the capital flows during this period mainly came from a few fixed business departments, which is basically the same as our previous judgment, behind which Honglin and Blackstone are operating."

"However, they used rat bins on a large scale this time, and objectively speaking, it is very difficult to track down and collect evidence."

"It's unrealistic to want to catch them, or to convict them directly, but we can't let them go, on the contrary, we should take countermeasures against them as soon as possible."

"This action must be fast, because their goal this time is very clear, that is, to start with a few small companies, through the secondary market to acquire enough equity, and then cooperate with the primary market, and finally reach a hostile takeover."

"At present, according to preliminary statistics, their 'hunting' targets basically include all key enterprises related to launch vehicles and aerospace, of which there are 7 directly related to the Long March-9 launch vehicle."

"Once they reach an acquisition, we can't say how much we will lose, but in the future project operation and management, there will definitely be problems."

"So, my suggestion is that the various departments should respond quickly, whether by economic means or directly by administrative means, they must interrupt each other's actions."

After Chen Feiyun's words were finished, everyone in the conference room nodded.

A man with glasses looked at the materials in his hand, and suddenly laughed and said:

"Don't tell me, it's really interesting."

Seeing that everyone's eyes were on him, he hurriedly explained:

"Honglin Capital's action this time is basically a replica of our M&A operations in North America, especially in the U.S. market."

"White glove trading, with the help of the secondary market to build momentum, after the acquisition of the primary market, the restructuring news is released to raise the stock price to cover the cost, and at the same time to complete the industrial integration, this is exactly the same."

"However, they seem to have overlooked the fact that the current administrative environment in China and the United States is completely different."

"What works in the United States, but can it really work in us?"

Hearing his words, Chen Feiyun nodded slowly and replied:

"It works."

"The scale of the targets they chose is not large, the plates are smaller, and in fact, if we hadn't prepared in advance and discovered their moves, it is likely that most of the acquisition work would have been completed."

"The most typical case is Jiangsu Hi-Tech."

"The price of this stock has fallen by more than 15%, which is a considerable decline compared to the trend of the past few years."

"Overall, their movements this time are extremely agile, of course, this is also Honglin's usual style."

"Indeed."

The man with glasses nodded thoughtfully, and the expression on his face became a little solemn.

"In 2003, Honglin Capital participated in the futures trading of soybeans, and we were also caught off guard at that time.

"In 2006, they started on domestic real estate, and in the same way, we also kept the basic market under the premise of technological breakthroughs and large projects."

"Honglin Capital's trader in Huaxia, the one named Ji Cheng, I am also impressed."

"His style is like that, once you decide it, the movements are fast and fierce, and you don't have time to react at all."

"He's a very strong opponent – the few times he's failed in the past, it's not because of ability, it's because of the general trend."

"To be honest, even now, we are not sure that we can defeat him by relying solely on market means"

"So fortunately, we don't really need to rely on market means to confront Honglin Capital."

Chen Feiyun answered:

"I have confirmed with the Aerospace Power and Xinghuo teams, and their feedback is that the Chang'e-5 project will be implemented according to the scheduled plan, and the probability of problems is very low."

"On the other hand, regarding the hottest LTV technology in recent speculation, Xinghuo's answer is clear."

"Just two words, yes."

"So, based on the current situation, our strategy is also very clear."

"That is, to slow down the progress of the other party as much as possible and buy time for the research institute."

"As long as the first result appears, all the other party's strategies will be self-defeating."

"It's not easy."

In the office, someone raised his hand to interrupt Chen Feiyun.

Subsequently, he continued:

"The original intention of the other party to carry out large-scale mergers and acquisitions is the same as our mergers and acquisitions in the United States, although on the surface it is to pursue economic interests, but in the final analysis, it is still for control."

"So, maintaining the balance of power may not be a good thing for us, and the period of volatility is the easiest time to absorb the chips, and we all know that."

"If you want to fight, you have to beat them to death at once, just hit them to the end, pull them to the top, and wash out all their chips."

"The only problem is that we don't have that many bullets."

Chen Feiyun nodded approvingly.

In fact, his judgment is basically the same as that of men.

The logic of Honglin Capital's trading sounds complicated, but in summary, the route is actually very simple.

The first is a large-scale smashing based on the negative news of LTV technology, and then it is to absorb chips at the bottom, and with the help of subsequent developments, the stock price will be raised to achieve control.

Now, they have just reached the first step, and if they want to interrupt their strategy, they can only forcibly pull up the stock price in the process of their large-scale shorting, blow up all their positions, and completely cut off the possibility of continuing to operate in the future.

But is this really that easy to do?

In the financial market, there are only two ways to achieve price manipulation.

Either play the money card or the information card.

And now, the other side has invested a huge amount of money, and at the same time occupies the advantage of information, if it wants to fight back, it must invest several times more additional funds.

And doing so is actually "uneconomical".

When an economic means becomes uneconomical, it is no longer included in the options.

Chen Feiyun frowned and thought for a moment, then said:

"It's not that there's no way."

"Let's move first, find a few key companies, do a good job of early communication, and avoid actual control of the situation."

"It's especially important to say hello to the people in charge of each company and tell them that it's not just a 'business event', but that our global strategy has a big impact."

"Consciousness must be established first, don't just see the small profits-—— big deal, they have lost during this time, and we will use policies to make up for it in the future!"

Speaking of this, Chen Feiyun paused for a moment, and then continued:

"Take care of these problems, and I'll take care of the rest."

Shanghai, in the headquarters office of Honglin Capital.

Ji Cheng looked at the report in front of him with satisfaction, and said to the management representative who was waiting to listen to the report:

"Our plan is going well, and we are currently 20% invested in our short positions, which is slightly lower than the predetermined level of risk."

"But comparatively speaking, we have achieved better results than the same amount of money in the budget."

"This illustrates two things."

"First, the Huaxia market itself is not as confident in the so-called LTV technology and the Chang'e-5 lunar exploration project as officially reported, and the number of retail investors following the trend will increase rapidly once there is a stir."

"Second, from the perspective of large funds, the main flow of Huaxia funds in the near future is in the US aerospace concept stocks, which is undoubtedly affected by Tesla's participation in the return to the moon program."

"On the whole, capital is still smart, and it will always choose the direction it should go to."

"All of this we do is just going with the flow"

The representative of the management on the opposite side nodded slightly, but he did not immediately agree with Ji Cheng, but asked:

"So your judgment of technology is completely based on the reaction of the capital market, right?"

"We are concerned about the accuracy of this judgment. What we hope to see is a complete and professional due diligence result. ”

"Well, here."

Ji Cheng pointed to the thick stack of documents on the table, and then continued:

"It's not that we didn't do it, but we feel that this argumentation process is too cumbersome and too professional, and it is impossible for people in non-related fields to understand it at all."

"But I can give a basic data, that is: the industry generally believes that if LTV technology is to be realized, it will face at least 15 key technical difficulties."

"Of course, these difficulties are not insurmountable, but each time it takes a relatively fixed amount of time to solve them."

"Even if we follow the minimum standards, from theoretical research, to testing, to implementation, on a two-month basis, it will take at least 30 months for 15 nodes."

"According to Chang'e-5's latest launch plan, it should fly to the moon in six months."

"Obviously, at this point, there is a mismatch between expectations and results."

"But that doesn't mean there are problems with Huaxia's space technology."

The representative continued to retort.

"Of course! for sure！ Otherwise, why would we invest so much? ”

"The problem is that we know this, but the average investor doesn't know it, and retail investors don't know it."

"They will only see that their expectations have been disappointed, and what Huaxia promised has not been fulfilled - and this is a huge disadvantage."

"I see, the cyclical effect of the information lag of the things you are fighting."

"That's right."

A satisfied smile appeared on Ji Cheng's face.

"It's like raising pigs, those retail investors will always flock to it after making money, but by that time, it's already too late."

"They think they're raising pigs, but they're the pigs."

"You're a big pig farmer."

The representative said jokingly.

"You can say the same, but I'm here to raise pigs, aren't you still the ones who eat meat?"

"I'm just a part-time worker-—— after this time, I'm afraid I won't be able to stay in Huaxia anymore, can you prepare me for immigration?"

"Don't worry, it's absolutely fine."

"But I'm curious, now that the flow of talents to China is the general trend, you still want to leave?"

Ji Cheng let out a long sigh and replied:

"A place without freedom can't be my home."

"No matter how strong it is, what? Even if you reach my level, you can't feel a little dignity."

"Or is it better for you to be there, at least, I can live, like a human being?"

"Maybe."

The representative smiled slightly, but did not answer.

Ji Cheng put away the report on the table, and his eyes gradually became sharper.

There's still one last week to go, and he's going to speed up.

Just play all the chips in your hand and you can do it yourself. Retired after success.

This land is not suitable for you after all, and the sun on the west coast is just around the corner.

On the other side, Wang Tielin was staring nervously at the time-sharing chart on his mobile phone, turning a deaf ear to his wife's call on the side.

His head was covered with beads of sweat, and the expression on his face was a little distorted.

He's going through a big gamble, and the chips have already been dropped.

There is no room for reversal.

Today was not his day off, but because of the important decision he was about to make, he took a day off from the leader, wanting to use all his energy and the best state to operate his stocks.

Before the market opened, he fantasized that he could buy the stock at the lowest point, and then watch it soar into the sky, directly locked on the price limit, to help him achieve the goal of financial freedom.

But things turned out to be completely different from what he expected.

Location: Buy, fall.

Margin call, fall.

Continue to cover the position and continue to fall.

He has made up the position 5 times, and the 200,000 yuan of funds have all been invested.

But the trend of rebound did not appear at all.

A large number of sell orders were piled up on the screen, and every time he saw the transaction price beat, his heart throbbed.

Wang Tielin regretted it very much, regretted his impulsiveness, and regretted his blind "trust".

He even wanted to clear his position immediately and take out all his money, but the T+1 system made it impossible for him to operate at all, and now he can only look at his account and move towards a slow death step by step.

He looked up blankly and looked at his wife, who was watching TV.

He didn't know how to face her, he didn't know how to face the family.

According to the current trend, there is no suspense about the next day's falling limit, and whether it can be cleared is still a question.

In this wave, I will lose at least 20%.

40,000 yuan -—— a year, and I can only save so much.

He sighed and sat down beside his wife, trying to open his mouth, but he didn't know what to say.

His wife turned her head to look at his face, looking a little puzzled.

"What's wrong? Still not happy about making money? ”

"Make money?"

Wang Tielin shook his head bitterly, and was about to answer, but his wife said to herself:

"Hey, I said that your vision is really good, so many years of technology has not been in vain."

"This LTV has just been in the news, saying that the technical verification has been successful, and the results will be produced next month."

"Didn't you tell me before that whether stocks make money or not depends on this technology? Hey, we're getting rich now, aren't we? ”

"What!?"

Wang Tielin suddenly came back to his senses and asked in disbelief.

"Isn't it a rocket? See for yourself! ”

The wife picked up the remote control and switched back to the news channel.

At this time, the content on the news is still LITV.

Wang Tielin's heart was so confused that he couldn't listen to the lengthy technical explanations that the host said.

All he could hear was a few key words.

And those few keywords made him rush directly to the top in a state of almost despair just now.

He hurriedly took out his mobile phone, and at this time, the time line had already pulled out an almost straight upward line.

Nearly 20% increase, only two minutes before and after.

Wang Tielin's lips trembled, and after a long time, he stammered a sentence:

"I knew that. Surely you can trust it! ”

(End of chapter)