While it's not fair to say that everyone in Hong Kong invests in stocks, almost everyone buys some financial products.
The place wasn't big, so news spread quickly. People would share stories about who had made a lot of money in the stock market, which piqued the curiosity of those around them.
Then he would throw some money into the stock market, and if he made a profit, he would continue to buy.
Like buying lottery tickets, I just keep buying. I keep getting small amounts of money tied up, making me feel like my luck is pretty good.
The TV series "The Greed of Man," produced by TVB in the 1990s, tells the story of Ting Hai's rise and fall from grace through stock speculation in the 1980s.
Of course, this also gave rise to a term called the "Ting Hai effect".
It feels magical and mythical, yet he truly lives in reality.
Xing Baohua is not the same as Ding Xie back then.
Ding Hai became famous overnight by going all in with 20,000 short positions. His son was so scared that he yelled for a stop-loss, but Ding Hai didn't let him stop the loss. He said, "Let the profits run!"
As a result, profits soared, and they even made a staggering two billion.
This is what it means to become famous overnight.
Who said "let profits run"?
A classic quote from Jesse Livermore of Wall Street in his book "Reminiscences of a Stock Operator".
Like Xing Baohua, Ding Xie couldn't understand technical charts, let alone things like the 5-day moving average, MACD, KDJ, or turnover rate.
Xing Baohua's problem is that he has no track record! He just has too much money and his reckless investments have created a bandwagon effect.
To make people think that you have so much money investing in this stock means you are optimistic about it?
That means a lot of people will follow suit. Many don't understand the overall market trend; they just throw money in and expect to make a profit!
It's definitely profitable! Watching the price rise every day! Who wouldn't be happy? The only problem is not having the money yet. The money's still in the stock market; when will it come out?
It depends on whether Xing Baohua comes out or not.
It's worth noting that Xing Baohua owns many stocks within the 5% threshold for mandatory disclosure, which has been publicly announced and is quite transparent.
If there's any movement, everyone will be able to see it.
This guy has sold off his holdings, making those who followed his lead tremble with fear. He only sold such a small amount; is he reducing his position or selling out entirely?
I was completely baffled and felt anxious.
But the listed companies in which Xing Baohua holds shares are different; they have such good stock performance, impressive growth rates, and the shareholders are all making money.
Xing Baohua's move is practically driving down the stock price, isn't it? That's a significant reduction in the money in their pockets!
The companies holding shares called Xing Baohua to arrange meetings, essentially conveying the same message as Zheng Da Gongzi: you can reduce your shareholdings, they will buy them back, but don't try to manipulate the market.
If this messes up the market, and the holdings are reduced to below 5%, then no one will be able to see Xing Baohua's shareholding information.
Unless someone is specifically looking for information, they won't be able to find out through the trading market.
Ordinary people can't do it, but those institutions can.
In addition, the betting agreement that Xing Baohua signed with a Japanese investment company has been reported. Doesn't this guy have a pessimistic view of the world economy?
Did he sell his shares during the stock's upward trend?
That's right, this guy bought in during a bear market.
The more the price falls, the more you should buy.
According to Buffett: Be fearful when others are greedy, and greedy when others are fearful.
Many people understand these principles, but they can't put them into practice.
In the stock market, money is only truly yours when it's in your pocket.
Xing Baohua initially invested six or seven hundred million US dollars, and now it has grown five or six times. Judging from the trend, it could double by the end of the year.
What kind of wealth is this?
There are over four billion US dollars and tens of billions of Hong Kong dollars in it.
It is even higher than the market capitalization of some small-cap listed companies.
Are you watching the flagpole of wealth?
Besides individual investors, some investment institutions are also watching Xing Baohua's moves.
Of course, they spent money to plant many informants in Xing Baohua's company.
I want to know what Xing Baohua's specific actions were.
After resting overnight, Xing Baohua arrived at the company the next day.
As soon as he entered, he saw many employees suddenly quieting down and looking at him, before all saying in unison, "Hello, boss."
Just as Xing Baohua sat down in the office, her secretary swayed in, handing her a bunch of appointment forms.
Looking at the densely packed forms, I estimate that the people I need to meet are booked up for a week from now.
Some I knew, but most I didn't.
Xing Baohua didn't want to see any of these people.
But there are some people you can't avoid.
Xing Baohua selected some institutions from the list and asked the investment department to investigate the corporate strength behind them.
If both have foreign backgrounds, Xing Baohua must meet with them.
Otherwise, how could he reasonably get rid of the stocks he held? Originally, he intended to sell them gradually in the market, but who knew it would attract nationwide attention? If he sold too many and caused widespread panic, that would be a serious offense.
They might even be invited for tea by some departments.
The only option is to package it up and find someone to take it over. There aren't many companies that can handle such a large volume, so we have to look around.
Xing Baohua summoned several managers from the finance department and told them to suspend shipments and await further instructions.
In short, that's all I said, without giving any reason.
Several managers wanted to ask more questions, but none of them dared to.
Remember when the entire finance department was summoned for questioning, and only a few returned? Sometimes, money really isn't easy to get.
This guy made the Ministry of Finance stop its actions, which put many people at ease.
At least avoid large-scale selling; continue to hold your shares and observe.
In the afternoon, Xing Baohua arrived at Huahong Group. The shareholders had already arrived and were chatting familiarly with each other.
Upon seeing Xing Baohua enter, Li Dashao from Chaoren's family asked, "Ahua, are you really not optimistic about this year's economy?"
“After October, I’m not optimistic. If you have funds, futures, or stocks, sell them quickly. Oh, and if you want to buy back stocks at a low price, you should prepare your funds around the beginning of October,” Xing Baohua replied as he sat down.
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