Chapter 294: Dreams Continued

Words : 1591 Updated : Oct 3rd, 2025

"Guys, why can’t we subscribe?" "It seems locked, is Liangzi that tough?" The onlookers were stunned; full redemption, no re-entry for half a year could somewhat be classified as malicious subscription that disrupted the market, and the fund company indeed had authority in this matter, but locking the position exceeded the rights of a public fund. Lu Liang acted with complete overreach, disregarding the Securities and Futures Commission as if a player had usurped the referee’s power. When the regulatory team of the Securities and Futures Commission was informed, they also made a call to the fund manager at the first opportunity and, after learning of the details, provided clarification, "Tianxing Fund Company did not engage in any illegal operations." "Since there’s no illegal operation, then what’s the situation?" "Eliminate all the impossibilities, then whatever remains, however improbable, must be the truth." "This means that after experiencing a large amount of redemptions, there were substantial funds that came in to fill the void you left." "You say that each user has a limit of two million, aren’t you guys pretending to be poor online?" "Individual users have a limit, but institutions do not, like Modu Social Security, State-owned Xiao Xin." This generation of netizens seemed like contemporary Sherlocks, piecing together the truth of the matter bit by bit. Just moments after Tianxing Mixed Fund’s public announcement, the Su City Social Security Bureau hurried over upon hearing the news. As the domestic population structure gradually aged, every social security bureau across various provinces was under significant pressure. Zhou Yi from the commerce office facilitated connections, hoping that Su City Social Security Bureau would join as well, and Lu Liang, considering the future factory settlements in Su City and inevitable interactions with them, naturally took the opportunity to grant a favor by reserving sixty billion of the sixty-two billion shares quota for them. The remaining just over two billion shares were swiftly swept up in the market, leading naturally to a suspension of subscriptions. "Liangzi, Mr. Lu, Lu God, I was wrong, please let me in." "For each user, a slot; unless the fund suffers massive losses, don’t even think of getting on board." The crowd of melon-eating onlookers was delighted; some didn’t have the money to subscribe and were purely revelling in others’ misfortune, while another segment was comfortably lying within the fund, scoffing at their overestimations. It was the first time they had seen someone smash their own foot with a rock—they smashed their own livelihood no less. Before redeeming, they didn’t use their brains to think it through. Lu Liang was not so-called star fund manager; he was one of the top ten global investors, dubbed by businessmen as an 82-point man. Even private fund investors, upon hearing of Lu Liang’s departure from private equity, would cautiously observe for a few months, watching subsequent profits and losses, before deciding whether to apply for redemption or not. These people, slightly urged by public opinion, redeemed without a second thought—purely brainless, thinking they were more professional than those investors? They didn’t stop to think—8.2% annualized return had already surpassed 90 percent of public funds in the market. Indeed, one cannot earn beyond their level of understanding; even if they miraculously make money, they’ll eventually lose it back due to sheer competence. Even though outside public opinion was making a ruckus, Tianxing Fund did not come forth to respond again. Because Zhao Jisheng had phoned Lu Liang, subtly indicating that the public fund was, after all, a product for the masses, and that Lu Liang would do well to slightly temper his temper. At the end of the call, he specifically clarified that it was just a small piece of friendly advice, merely representing himself and not the Securities Commission. Lu Liang relayed the exact words to Zhang Jing, suggesting reducing public announcements as long as they don’t involve legal issues on regular days. Zhang Jing responded with a wry smile, "Alright, Mr. Lu." He was very balanced; the biggest instability factor was Lu Liang—as long as he didn’t mess around, there would be no trouble. The next day, Friday, was also the last working day of the week. The positive news of seventeen stocks in the new energy sector being targeted finally depleted. The spectacle of dozens of stocks hitting their upper limit simultaneously also became a beautiful memory in people’s minds. With the entire new energy sector stabilizing and inclining steadily, Tianxing Mixed Fund also welcomed its first update. Net value: 1.3106, attributed to the statistics from yesterday’s surge with seventeen mentioned stocks once again hitting their upper limits simultaneously. Despite the tumultuous uproar in Su City’s Lou Shui New Energy Industrial Park, which even triggered a fund redemption frenzy, it was fundamentally positive news for these enterprises deciding to settle in the park. With 130 billion as the park’s development capital, they, the settling enterprises, were also the biggest beneficiaries. Another day saw a 3.22% increase, The fund redeemers from yesterday were literally crying, passed out in the bathroom. They were once part of the crowd who reaped the profits, but they squandered that opportunity themselves and now can only watch longingly. Fate is sometimes quite bizarre; when you make one mistake, you often keep making more. Like them, they can’t subscribe to the Tianxing Fund anymore, but they can still buy new energy stocks. So, following the asset allocation details of Tianxing Fund, they bought into stocks like BYD and Tianqi Lithium. They call it, "trash funds, not even a dog would buy them. They don’t rise as much as the stocks do, and they fall more than the stocks do, it’s purely the middlemen making a profit off the investors." However, in the Big A market, a slight drop on Friday is a norm, and after the new energy sector had risen so much, it was due for a correction and there were also looming major risks. LeEco exploded. Old Jia held a press conference in Los Angeles, announcing that FF had secured an investment of one billion US Dollars, and the dream would continue. During the interview, he also mentioned LeEco, stating he would definitely take responsibility until the end, and would return to the country to deal with related matters, as it’s a social responsibility of an entrepreneur. But right now, he simply doesn’t have the time; he should focus on more important matters. Like, Faraday Future, This is not just his future, but also LeEco’s future. "What the hell does he mean by that?" "Let me translate it for you: He’s not coming back for now, but he will definitely return eventually. As for LeEco, just deal with it yourselves." "Why the hell is he talking so much crap, I’ll summarize it for you: Sacrifice the present for the future." "How the hell is this any different from Dai Wei?" "Ofo is lining up for refunds, passing by at the 11,200,000th spot~" "Still a bit different, Dai Wei was stubborn for a while and then completely disappeared, but Old Jia is still hopping around." "Does it make any difference?" One netizen used expletives excessively, showing extreme irritability and anger. Because the news reached domestic shores, LeEco, which had barely seen some recovery after several days of hitting the limit-down, was once again pinned down to the floor. LeEco hitting the lower limit was one thing, after all, it had been declining for three days straight, but it coincided with a Friday, and also just when the new energy sector was facing a correction. This triggered a series of chain reactions, causing the new energy index to plummet like diarrhea, dragging the entire market down with it. The new energy index plunged by 5.52%, the Shanghai Stock Exchange Index by 2.12%, everything was in the red, like a lush field of leeks. "I was wrong! Someone save me!" The stockholders from yesterday’s fund redemption were dumbstruck; they missed out on the gains, but not the losses. Although the sector crashed, Tianxing Fund also fell, but the 3.22% rise yesterday was enough to offset the loss from today’s crash. But for those who redeemed their funds yesterday, not earning 3.22% yesterday and then losing 10 points today, In two days, half of the welcoming gift that Lu Liang had prepared through the public fund was lost. Meanwhile, at Tianxing Fund Company. "Buy a little, but don’t push the stock price up, minimize the impact on the market." Sёarch* The novel(F~)ire.net website on Google to access chapters of novels early and in the highest quality. Upon hearing the news, Lu Liang rushed to the trading room. He had anticipated that LeEco would explode, but didn’t expect it to happen so soon. Old Jia had somehow scammed one billion US Dollars, but didn’t invest it in LeEco, choosing FF instead. Clearly indicating that he was absolutely not coming back any time soon. The fund company still had 60 billion on its account, and the redemption storm had passed, keeping a reserve of 5-10% of positions was enough. Today’s market crash was a perfect opportunity for them to continue increasing their holdings. Public funds are easier to operate than private funds, especially when Lu Liang knows that certain industries have potential. Just get past the initial six-month lock-up period, then it’s just selling a bit when it rises, buying back a bit when it falls. Maintain this rhythm, and there’s basically no need to think hard.

Chapter 294: Dreams Continued

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