Chapter 644: Crazy Money Making

Chapter 644: Crazy Money Making

Chapter 644: Crazy Money Making
The next morning.

After the opening, the Shanghai Composite Index fell again by more than 3.2%, but after the risks were released, with the entry of bargain-hunting funds, a sideways trend has begun to emerge.

Fan Wumian did not give foreign investors a chance to pick up bargains. He took advantage of the lunch break to talk with the heads of Shanzeiwang Fund and Boshi Fund on the phone, and started buying on a large scale as soon as the market opened in the afternoon.

According to the previously drawn up list of potential stocks worthy of heavy holdings, it attracted buying orders from more than 1.5 listed companies in succession, most of which were constituent stocks of the Shanghai Composite Index. The effect of pulling up the index was very obvious, and the market decline soon reached around %.

During this period, many major shareholders took the opportunity to sell their stocks, but Fan Wumian didn't care at all. Relying on the more than 10 billion yuan in liquid funds on hand, he went on a buying spree to rebuild his positions.

Such huge unusual news, of course, quickly attracted widespread attention in the market, and financial reporters who were sensitive to news rushed to Julu Road as soon as possible and expressed their hope to interview Fan Wumian.

Personal assistant Pu Jiajing only replied to the reporter with one sentence, "I did it." As for a face-to-face interview, Fan Wumian refused.

Even though he only got a five-word reply, the reporter who came to interview him was so excited that his hands were shaking. He immediately returned to the interview car to contact his supervisor and sent a text message through Penguin Weibo as soon as possible.

It happened to be during the closing period, that is, between 2:30 pm and 3 pm. When some investors and colleagues in the financial industry paid attention to the news and learned that Fan Wumian was really buying at the bottom, many people were like being injected with chicken blood and began to follow suit and enter the market.

This caused the market, which was originally falling, to rise by a large margin, and by the closing it had even risen slightly by 0.49%, turning from green to red.

More than 90 billion yuan was spent in one afternoon, and more than 40 billion yuan of investors' funds were raised. It is estimated that the buying spree yesterday afternoon was widely reported by the media, which attracted the attention and recognition of some investors.

After talking on the phone with Wang Yu, the vice president of Boshi Fund, Fan Wumian learned that because he bet correctly on the US subprime mortgage crisis, many Hong Kong residents even took a bus to Shenzhen just to give their savings to him to help manage, hoping to buy the bottom of the plummeting A-shares.

On the other hand, Hong Kong stocks also saw a significant decline yesterday, but the Hang Seng Index only fell by 3.67%.

Perhaps it was because Fan Wumian publicly warned that there were huge risks in the US subprime mortgage market, which made people feel that he was quite capable and had already had a plan in mind.

Yesterday, other Hong Kong-listed companies generally fell, but Penguin Group rose against the trend. Although the share price only rose by a mere 0.2%, it also indirectly shows how powerful Fan Wumian's influence is now.

Since Shanzeiwang Fund and Boshi Fund are not listed, people cannot invest in these companies directly. The identification emotions towards them were transferred to Penguin Group, so the stock price held up and did not fall yesterday, and continued to rise by 1.01% today.

There are indeed many wealthy people in Hong Kong, and their investment concepts are more sound. From yesterday to today, the Hong Kong City Bandit King Fund has raised more than 72 billion Hong Kong dollars. Even the Hong Kong Monetary Authority, which is responsible for managing the Hong Kong City Foreign Exchange Fund, has sent people to contact the Hong Kong City Bandit King Fund Company and proposed to hand over about 100 billion Hong Kong dollars to Fan Wumian for management.

When Fan Wumian tried to raise funds a few years ago, he also took the initiative to contact the HKMA, which held hundreds of billions of Hong Kong dollars, but this "God of Wealth Department" did not agree to his request at that time.

Now that they have taken the initiative to contact each other, we can see how much positive impact Fan Wumian's prediction of the US subprime mortgage crisis has had on his personal reputation.

At that time, Fan Wumian posted several Weibo posts in succession, and many people did not agree with his views. Now Huifeng Bank has disclosed huge losses, and the largest and second largest subprime mortgage institutions in the United States have successively announced negative news, which has indeed scared the market and made people understand how powerful his vision is.

Under such circumstances, the asset management company under Fan Wumian's name certainly reaped all the benefits and stood out among its peers who were generally declining.

The situation is similar for Paulson Hedge Fund and WM-Rogers Hedge Fund. They had already planned how to short the U.S. housing and subprime mortgage markets early on, and began to be recognized by more and more investors.

Doing asset management business is much easier than doing physical business.

Companies that do physical business may need many years to build up a good enough reputation, but asset management companies sometimes only need to make one successful bet to stand out from the crowd and successfully seize the opportunity to grow bigger and stronger.

Thanks to Fan Wumian's influence, the exposure of China Merchants Bank Securities, BOC Securities and BOC Fund, in which he invested, has also greatly increased. In a short period of time, Fan Wumian's name has been frequently mentioned by financial media and netizens. The advertising effect is even better than the usual 1 million yuan invested. Due to risk aversion, a huge amount of funds are pouring into Fan Wumian's hands.

It's a pity that the US subprime mortgage crisis has just shown some signs, so it is not possible to push Fan Wumian to the altar for the time being. However, a lot of netizens have been talking about him in the past two days, and he has once again dominated the list on Penguin Weibo.

Even the rumor that "Little Swallow" in "My Fair Princess" was holding hands with a world table tennis champion in public was completely overshadowed by Fan Wumian and did not cause any waves at all.

The keyword at the top of the hot topic list is "Fan Wumian earns billions again". Taking into account various direct and indirect incomes, this number is not false. Companies like Boshi Fund and Shanzeiwang Fund will definitely see a sharp increase in valuation as the scale of funds under management increases significantly.
The outside world may think that due to the turmoil in the financial sector, Fan Wumian must be very busy.

The fact is that apart from a trip to the headquarters of the Bandit King Fund on the Bund, he was mainly busy accompanying Boss Li to transfer the ownership of the No. 9 Tangong Mansion. By the way, he also decided to take out a budget of 3000 million yuan to renovate the mansion as soon as possible.

The mansion at No. 89 Repulse Bay Road is decorated in a luxurious French style, while the new courtyard house on the northern edge of Yanjing Houhai is more antique and in line with the characteristics of the new Chinese style.

For a change of mood, he wanted to renovate the Tangong No. 9 mansion into a simple, fashionable and modern style this time. Unfortunately, after consulting several decoration companies, it seemed that none of them could meet Fan Wumian's requirements.

Ordinary small and medium-sized decoration companies usually find it difficult to receive orders worth millions, let alone take on such a large order with a total budget of 3000 million.

Just like the entertainment industry.

Many times, when there is a lot of commotion outside, the parties involved act as if nothing has happened.

All the arrangements that needed to be made were handled on weekdays. The companies employed a total of three to four hundred people, and there were more than ten experts with annual salaries of one million. Fan Wumian only needed to be in charge of steering the ship and telling his executives what to do. Of course, he himself would not be very busy.

In addition to the fund companies, due to the surge in stock market trading volume, the China Merchants Bank Securities and BOC Securities in which he invested also earned far higher returns than usual in the past two days.

Profit itself is secondary. As long as the profit is increased, the valuations of these two companies will increase significantly, and they will have the opportunity to go public as soon as possible to raise money.

These are good news, but there is also bad news.

It is not clear whether it is foreign capital that is behind this, but many people on the Internet have begun to say that he is making a fortune from the disaster and taking advantage of the stock price plunge to build up speculative positions.

While the news has not yet gotten out of control, Fan Wumian's public relations team has already started to make efforts, looking for big Vs to help stand up and release statements such as "We are just helping investors invest in the mainland, and you can earn countless times more abroad than in the mainland", "If it weren't for helping to support the market, the stock price would have fallen even harder", etc.

As a celebrity and the boss of the largest entertainment company in the mainland, Fan Wumian is good at guiding the direction of social topics.

If you want to make money, you have to offend people. Fan Wumian didn't take certain possible risks too seriously. After all, if a person is unlucky, he might be hit by a sudden car while walking on the sidewalk. If he is afraid of this, he will not be able to do anything.

Having been famous for such a long time, Fan Wumian has long been accustomed to ignoring the outside world's voices and living his life steadily behind closed doors.

After the Spring Festival, the box office data finally came out.

"Lost on Journey" became the biggest winner of this year's Spring Festival. The movie was released before the New Year, and its total box office performance in the mainland successfully exceeded 3 million yuan on the eighth day of the Lunar New Year.

Following closely, in another two months, "The Golden Eyes" will be released before the May Day holiday, while "The Invisible Guest" and "Wushuang" and other works are scheduled for the summer vacation.

Fan Wumian only briefly learned about it and planned to star in the film "The Youngest Son of a Chaebol Family" himself after finishing his recent work.
(End of this chapter)