Chapter 505: Chapter 228: Miss, Who Are You Looking For?

September 2nd, Monday.

After the A-share market opened, a significant incident occurred.

Wanliu Capital made a takeover bid for Pianzai Huang, whose market value was 34 billion at the time, meaning Wanliu Capital’s position had reached 1.7 billion.

Relative to a scale of over 100 billion, this position was not substantial.

Simultaneously, after the takeover bid, a large influx of funds poured into Pianzai Huang, directly pushing it to the limit up, with 600 million sealing the limit, showing an attitude of daring to take on anyone who dared to sell.

Numerous domestic institutions were dumbfounded.

This was just the beginning.

At 10:30, Wanliu Capital made another takeover bid, this time for an extremely formidable stock, Five Good Liquids.

Five Good Liquids had a market value of over 80 billion, and the takeover bid meant Wanliu Capital’s position value reached 4 billion.

Has Jiang Banxia gone mad?

Daring to make a takeover bid for such blue-chip stocks? Who gave her the courage?

In the current A-share environment, a market value over 80 billion qualifies as a large-cap stock; anyone daring to make a takeover bid for such a stock is waiting to be targeted.

Just like with Pianzai Huang, after Wanliu Capital’s bid, massive funds surged in to start driving up the price, paying no heed to the pressure above.

Wanliu Capital was not far from a takeover bid itself, so it didn’t absorb too many shares. Instead, the incoming funds were the main driving force today, trading billions in a short time, and still acquiring more shares even after reaching the limit up.

For institutions with tacit agreements, this scenario required them to make choices.

They must still hold a substantial amount of shares, especially since both Pianzai Huang and Five Good Liquids, the white horse consumption stocks targeted by Jiang Banxia, have deep commercial moats.

Such stocks, even if given a higher price-to-earnings ratio, do not intimidate anyone, as their performance is expected to remain relatively stable over the next decade.

Unlike other companies, which may perform well this year and unpredictably lose money next year.

Overall, the major trends in the A-share market are still controlled by institutions, and targeting Wanliu Capital is a matter of institutional political correctness.

Ordinarily, institutions don’t mind having experts around or adding a partner. However... you can’t be too excellent; being too excellent makes everyone else look foolish.

And Wanliu Capital happens to be one of those.

Not only did they suddenly announce no limits, but they also held positions in large blue-chip stocks, which are the home turf of these institutions, who have been preparing for nearly a year, intending to capture a market wave for profits.

Clearly, Wanliu Capital wants to hitch a ride.

With the already intense popularity of Wanliu Capital, what happens if they board the bus too?

After this wave, Wanliu Capital’s management scale might break through the trillion mark.

There are only a few trillion-scale entities nationwide!

In the financial circle, funds are limited; without a major bull market, the increase and decrease in funds tend to balance out, and Wanliu Capital taking away over a trillion means sucking blood from others.

They don’t fear a scale of several hundred billion for Wanliu Capital.

Even a scale of one trillion can be tolerated, seen as the premium a genius deserves.

But not a trillion! Absolutely not!

If Jiang Banxia had adhered to previous rules, capping limits at 100,000 CNY, Wanliu Capital’s scale would peak at a little over 100 billion, but now that’s uncertain.

In just two months, the Wanliu Navigator Selection fund absorbed nearly 80 billion domestically, an extremely frightening feat.

A single fund surpassing a scale of one trillion? Currently, not a single entity in the country has achieved that!

Once she sets the record, it will become unstoppable.

Jiang Banxia shouldn’t exist in this era!

Unknowingly, another giant was also being driven up.

That was Moutai, which had fallen to over 500 per share.

With a current market value close to 700 billion.

By the market’s close, Moutai surged by 6%, a level of increase not seen in over a year.

And that’s not the main point; the key is that someone found out Wanliu Capital is crazily increasing its holdings in Moutai.

"Wanliu Capital is mad! Jiang Banxia is mad too! Is she aiming to bid for Moutai?"

"Wanliu Capital now holds a total of 15 million shares in Moutai, occupying 1.25% of the total equity, valued at 8.5 billion!"

The amount of capital involved in this stock is much larger.

However, theoretically, Wanliu Capital is not qualified to make a takeover bid, because its total scale is just over 140 billion.

As per the requirements for public funds, individual stock holdings cannot exceed 10% of the total position, meaning in Wanliu Capital’s extreme case, it can only purchase Moutai stocks worth up to 140 billion, accounting for 2% of the total equity, far from a takeover bid.

But... who dares to dump it?

Sure, dumping wouldn’t profit, but at least it could be controlled.

Initially, these institutions leaned towards dumping, to trap Wanliu Capital inside.

The effects would be swift, and within a month or two, facing large redemptions, Wanliu Capital would default or clear other positions to cope, making it impossible to profit.

Now Jiang Banxia is insane! What if she manages to crash Moutai’s market value, enabling her to make a takeover bid?

All it would take is lowering the market value to 300 billion, and Jiang Banxia could potentially make a bid.

So, there remains only one method, which is... to drive prices up!

Complete the market movement as much as possible within six months, then hand the mess over to Jiang Banxia.

The difficulty is immense, but there are no other choices.

Starting from September 3rd, Wanliu Capital continued on its takeover bid path.

Every time Wanliu Capital made a takeover bid, the stock would quickly hit the limit up, as if some tacit agreement was reached, with everyone scrambling for shares.