Chapter 195 Five Times the Odds
Before this fund announces its real-time net value, if you want to view the net value of the fund holdings, you can only wait until after nine o'clock in the evening.
Of course, even if a real-time net asset value estimation function appears in two years, it will only be of reference value, because the estimate is based on the profit and loss data calculated based on the fund's holdings in previous days, which is different from the fund's own holdings.
Unless the funds are stable and there are no adjustments to their portfolios, the data will be relatively close. For funds that face frequent adjustments to their portfolios, the data will be meaningless.
The rumors about Jiang Banxia's doomsday on the internet were simply based on the holdings of the Wanliu Mixed Select Fund half a month ago, when a large number of its heavily-weighted stocks hit the daily limit.
As for how many portfolio adjustments Jiang Banxia made in the past half month, few people know except herself.
Moreover, with thousands of stocks hitting the daily limit, there is no point in adjusting the portfolio. It is nothing more than switching from one stock that has hit the daily limit to another.
Today, in the entire A-share market, there were only sixty-three stocks that rose, and only six stocks that hit the daily limit.
Li Yang was not talking nonsense. If there really was a problem with Jiang Banxia, he was prepared to take out all of his reserve funds to help those fans.
As long as his funds can enter the market, there will be no stampede of funds and he just needs to survive this week.
In two days, another thousand stocks will hit the daily limit. This week, the entire market will fall from 3,500 points to 2,700 points. This was quite a shock during the stock market crash last year.
Li Yang could imagine that the group of maggots hiding in the darkness were probably having a party at this moment.
He and Jiang Banxia have already begun to infringe on other people's interests, and this kind of thing will become very common in the future.
A head-on confrontation is impossible, but they will not let go of any opportunity to incite.
When Jiang Banxia asked him today if he had any projects, he guessed what Jiang Banxia was thinking.
After all, Master Jiang is so petty, it would be abnormal for him to do nothing.
In fact, the shared electric vehicle project was not easy for him to do because he did not have enough resources in the early stage and started later than ofo, so it was quite difficult to defeat the other party.
But he was very grateful for the great assist from David and the Cen family.
David is indeed a shrewd man, but too shrewd.
Although so far, ofo has not mobilized any resources, as long as it has money, it will be fine.
But it does not mean that ofo will not need resources in the future.
By not giving those who can provide resources to eat in the early stages, do you want them to take greater risks later on?
Of course, there is another reason, that is, the Cen family gave too much money.
There is no reason for David to refuse 180 million. He can use various means to dilute the shares held by the Cen family later.
It can be seen from the fact that David split a Series A round into several times that this guy pursues money to the extreme, and it is understandable that he made such a choice.
He felt that those big guys would definitely have the patience to wait for the next round. After all, the valuation in this round was only a few hundred million, so there was still a lot of room for follow-up.
Well, there is.
The big boss is not a sucker. Since you, David, have verified that the sharing model has potential, why don’t you do it yourself?
Originally, Li Yang and Shunwei Capital only had a few brief chats. It was not until ofo's Series A financing came out that Shunwei Capital made up its mind.
The two sides talked a lot in the past few days, especially Li Yang's familiarity with the sharing model, which was refreshing to them.
The most difficult part of the sharing model is monetization. At present, the deposit and rent are not enough to support daily operations.
You can’t even support your daily operations, and you still want to make money?
At the very least, there must be a way to reap the benefits, right?
Ofo currently has no means to reap the profits except deducting the deposit.
The shared electric vehicles discussed by Li Yang are obviously more promising. At least electric vehicles have more application scenarios than bicycles.
As for the cost of electric cars? Do they care?
In their view, a few hundred million more cost is no big deal. Even if it is tens of billions more, they are still able to come up with the money. As long as they can make the business bigger and stronger, it will be fine.
Li Yang's entrepreneurship is different from others. Others start from scratch, and hundreds of thousands or millions of dollars may be a lot of money.
And he has the ability to directly contact high-level resources.
For example, capital that has always been wanted to invest in ofo’s small yellow bike business.
He was able to fill up the resources as soon as possible.
Whether it is Li Yang, Shunwei Capital, Alibaba or Baoxuan Investment, they are all well-known in the industry.
Of course, most of Li Yang’s fame in the investment circle comes from Jiang Banxia.
Although the name Baoxuan Investment is unfamiliar, it is the actual controlling shareholder behind AutoNavi.
…
The Cen family was following Li Yang's live broadcast.
When I saw Li Yang’s live broadcast, and he was willing to pledge his own entry funds, I knew that Li Yang was panicking this time.
In the financial circle, such leading remarks are against regulations, and Li Yang does not have a professional qualification certificate.
However, in terms of public funds, this violation is dispensable. If it is investigated seriously, Li Yang will definitely be criticized.
They understood too well how precarious Li Yang was now. He dared not miss any class for fear of failing again at the end of the semester.
Now he said that kind of thing in front of so many people, what could he be other than panicking?
The content of this live broadcast alone is enough to disgust Li Yang again.
After the live broadcast ended, Li Yang came to the bedroom.
It was already past eight o'clock, and more than an hour had passed since dinner. Li Yang saw Jiang Banxia playing with her phone over there, so he asked, "Why don't you take a shower? Don't you want me to help you do it?"
Jiang Banxia raised her head and asked, "Ang Ang, is this okay?"
Li Yang looked at Jiang Banxia's eyes which were both shy and a little expectant.
At that moment, I felt a little dazed.
He gestured to the bathroom door: "Miss Jiang, please!"
Soon, Jiang Banxia was soaking in the bathtub, enjoying Li Yang's massage with her eyes closed.
My life has been going so smoothly since I started being with Li Yang.
It went so smoothly that it seemed unreal to her.
She was going to face a lot of troubles. Even if Li Yang hadn't revealed her account last year, she would have had to face them sooner or later.
As a result, now... she didn't feel any pressure at all and became a big boss so easily.
The pressure didn't go away, it just got shifted.
Li Yang skipping classes can be used as an excuse for others to attack him, and when they go to a hotel to book a room, they would like to put a camera in his face.
Everyone around Li Yang was finding fault with him with a magnifying glass, but she easily became a leisurely and comfortable boss.
Which big shot in the world has an easy life? They all face various kinds of pressure, but she is an exception.
"I just watched Master Li's live broadcast."
Jiang Banxia said in a low voice.
Li Yang did not stop his movements, but asked: "This shows that you are in good condition and are in the mood to watch the live broadcast. Congratulations."
Jiang Banxia smiled and said, "Because Master Li is here, Master Li is like a mountain. No matter from which angle, I can lean on him and feel comfortable."
"Hey, hey, hey, you're leaning against the bathtub now."
"But I feel like the bathtub is like Master Li, and the water in the bathtub is like Master Li's hands, wrapping my whole body up..."
"So...did the water get in?"
“…”
Jiang Banxia really likes Li Yang blow-drying her hair.
Even more comfortable than the one in the barber shop.
After taking a shower, she wrapped herself in a bath towel and sat on the edge of the bed, while Li Yang stood beside her with a hair dryer to blow dry her hair.
"Master Li, have you ever been a barber?"
"Yes, I have."
"when?"
"Ah? Haha, I forgot, forgot, it might have been a dream..."
He must have come into contact with a barber in his past life, but in this life he is still very pure.
As for blow-drying your hair, there is indeed a skill to it. Wind speed is one aspect, but controlling the temperature is also very important.
He has experience in this area.
After all, I was a bootlicker in my previous life. How could a bootlicker not know these things?
…
After drying his hair, Li Yang went to the bathroom and took a quick shower, which took no more than ten minutes.
As soon as he came out, he saw Jiang Banxia waving at him from under the quilt: "Master Li, come in quickly."
Li Yang said with a smile: "Are you so impatient?"
"Yes, yes. I just want to hold Master Li to sleep."
Li Yang originally wanted to tidy up simply. After all, it was only nine o'clock, and Jiang Banxia couldn't sleep at this time.
But today Jiang Banxia is a little different.
He came to the bed and got under the quilt, and Jiang Banxia immediately came over.
Very fragrant and tender.
After all, the big boss in front of him is actually less than 20 years old.
Jiang Banxia leaned over to Li Yang's ear and whispered, "Is Master Li very panicked today?"
Li Yang asked in surprise: "Why are you panicking?"
"I saw you were talking nonsense in your live broadcast room, saying you wanted to enter the venue by yourself... Aren't you afraid that others will cause trouble for you?"
Li Yang shook his head and said, "I'm not afraid of any trouble. I was born to solve troubles."
Jiang Banxia hesitated for a moment, then whispered, "Master Li, have I disappointed you?"
"Hmm? Why should I be disappointed? Haven't I said this many times today? Everyone makes mistakes sometimes. Besides, this is force majeure. I won't take force majeure seriously."
Jiang Banxia hurriedly explained: "That's not what I'm talking about."
"What else? Could it be that you have found a boyfriend? Then I will go to Zisha now! I will make room for you!"
After saying that, Li Yang was about to get up, but was hugged tightly by Jiang Banxia.
At the same time, Jiang Banxia stuck close to Li Yang and said, "No, no, you are not allowed to vacate my seat. This seat beside me will always belong to Master Li."
Of course she knew very well that even if Li Yang left her, he was still Li Yang.
If she left Li Yang, not only would she not be able to bear the emotional aspect, but also the work pressure.
Besides, Li Yang is so popular. They have been dating for more than a year and are about to get married. How can she bear to give up?
I just feel that Li Yang is too good to her, and she feels a little bit unfair.
She was asked to marry a few concubines for Li Yang, but she was unwilling to do so.
"So what did you mean just now?" Li Yang asked.
"I...actually...I just want to ask...if Master Li wants, we can do it now..."
“Eh…”
Li Yang quickly took out his phone from the bedside, opened the app and asked, "You didn't really lose ten points and feel embarrassed, did you?"
In fact, he didn't quite believe that Jiang Banxia could lose ten points. He thought that Jiang Banxia was most likely using exaggerated expectations, and five or six points would be the maximum.
It’s just that Jiang Banxia’s behavior was a little strange today.
Coincidentally, the net value of Wanliu Mixed Selection was announced at this time.
When he opened the fund's homepage, the numbers on it shocked him.
Net value: 1.472 (+2.08%)
He looked at the number in disbelief, and then noticed Jiang Banxia coming over with a smile on her face.
"How did you do that?"
The market fell seven points today, and this is because of the circuit breaker. If there was no circuit breaker, the market might have fallen even more sharply.
Jiang Banxia said with a relaxed expression: "I don't know, anyway, it is like this..."
"That's more than 30 billion. How did you turn it around?"
"Well, this... it's simple... just withdraw your own funds first, which will reduce your capital by nearly 6 billion. Then, short position 35%, which will reduce your capital by another 10 billion."
"What about the remaining 20 billion?"
In Li Yang's opinion, these measures are all conceivable. Jiang Banxia has no reason to let investors redeem their shares, but she can get her own principal back at any time.
But the remaining 20 billion yuan is still a problem.
Publicly offered funds must keep the money in the market and must bear the pain of the decline today.
As long as Jiang Banxia really pulls it out to the fullest, it is normal to only lose four or five points today. The loss of two or three points means that Jiang Banxia has made certain risk hedging arrangements.
But today, not only did I not lose money, I even made two points. What happened?
This is more than just a successful risk hedging, it is simply making a fortune at the end of the world.
Without waiting for Jiang Banxia to speak, Li Yang asked, "Did you put it in bank stocks for risk hedging?"
Some bank stocks did not fall much. Although the entire banking sector fell by an average of five points, some actually only fell by three or four points.
"No, I didn't buy any bank stocks. I just invested in a few stocks in advance. I didn't expect that other funds would come to me, so those stocks have risen a lot today."
Li Yang: "Haha, is this scientific?"
Jiang Banxia said seriously: "Science, it's like the end of the world is coming, and suddenly you find that other places are not safe. I have some safe houses here, so they will naturally run to my side. It's just a matter of paying the entrance fee..."
Li Yang had nothing to say.
Jiang Banxia's words sounded light, but in fact, they represent absolute control.
She did foresee the risks in advance, after all, Li Yang talked to her about this matter half a month in advance.
But her way of dealing with risks was not to run away, but to build a defensive fortress.
But this kind of thing is not so easy to accomplish. It took many days of financial speculation before it finally got everyone's recognition.
Jiang Banxia added: "In fact, some of my positions have lost money. Several stocks have hit the limit down. Otherwise, I should have made more than six points today."
Li Yang said angrily: "You are still not satisfied!"
This Jiang Banxia is becoming more and more pretentious!
…
Many people are refreshing the homepage of Wanliu Capital, hoping to see the net value updated as soon as possible.
At the same time, related forums are full of heated discussions.
Those who were pessimistic about the outcome have already flooded the screen with messages, and now everyone has lost interest in the news. After all, everyone knows that the ending is already determined.
"It's open, come and place your bets and see how many points Wanliu Mixed Selection can win today!"
“Option 1: Pay more than nine points”
“Option 2: Pay 7 to 9 points”
“Option 3: Pay 5 to 7 points”
“Option 4: Pay 3 to 5 points”
“Option 5: Pay 1 to 3 points”
…
Someone asked: "This game is not rigorous, what if the payout is less than one point?"
The person who opened the market said, "Brother, are you kidding me? Can the market still lose less than one point? Look at the Harvest Funds. Their net value has already come out. They generally lost more than five points today. Several funds even hit the limit down. How can Wanliu Capital fight against today's decline?"
"Haha, the Wanliu Mixed Select Fund has been rising for two consecutive months. I haven't seen other funds rising for such a long time."
"You are just trying to argue. Are you the trolls hired by Wanliu Capital? At this point, nothing you say will work."
"I think you are the one who is here to disgust people on purpose. How many posts have you made today to slander Wanliu Capital? No one believes you when you say you didn't take dirty money. What hatred or grudge does Wanliu Capital have against you?"
"Haha, can't I just be a spectator?"
"Your butt is crooked, but you're still eating melons and watching the show. Who eats melons with a crooked butt?"
"Haha, this is Li Yang's crazy fan? Do your parents know that you are so protective of a host?"
"Do your parents know that you are making this kind of dirty money? You are not even careful in opening the market, you are kidding your mother!"
"Okay, you want to be rigorous, right? Then let's add the odds. The previous five options are all 1 to 1.1. Finally, we will add option 6: payout within 1 point, odds 1 to 3. Do you dare to take it?"
"Are you kidding me? The odds at option 6 should theoretically be 1 to 5.5, but since you are the dealer, you must take a cut. Even if you take a big cut, the odds should at least be above 5!"
"Even if I offer a 100,000 times odds, would you dare to come?"
"What are you afraid of? Do you have the money to pay for it?"
"Come on, let's add each other as friends. Whoever is a coward will be a grandson!"
"Haha, OK, but I need to verify my capital first! I don't want to play with poor people!"
"The most important thing in my life is money!"
…
Two minutes later, the two added each other as friends.
The person who opened the market immediately showed off his bank card account number.
Another person said, "Don't show this, it's meaningless! Let's start a video call and each of us use our ID cards to verify our identities. I don't want your 100,000 times odds, just 5 times odds. After verifying your identity, I will directly transfer 5 million to you!"
The person who opened the market said, "Haha, you want to harm me, right? No matter if I win or lose, you want to make me famous as an online gambler? Five million, are you going to give away to a beggar?"
"Can't afford to play? Who the hell are you? Do you think you deserve this from me?"
After saying that, he directly posted a photo and added: "How can I play dirty with you with my status?"
The other party immediately said: "Qiu Jindong!"
"Do you know me?"
The person who opened the market said, "We have a deal. Since you want to play, I will play with you. I will give you an account and you deposit five million into it!"
Soon, the other party sent an account information.
After seeing this, Qiu Jindong narrowed his eyes and said, "This is the Xiang family's account. Who are you in the Xiang family?"
"Don't worry about who I am. The odds are 1 to 5. If you dare to bet, I dare to accept it! I know you, Qiu Jindong, won't tear your face off for such a small amount of money. If it's given to me for free, there's no reason for me to refuse it!"
"good!"
Soon, Qiu Jindong sent a screenshot of the transfer.
The other party replied: "I'll take the five million! I know your sister is close to Li Yang, and I've made some money, but that's all..."
(End of this chapter)
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