Chapter 697: Creating Miracles
"Jun Wei, how much do you know about Chen Jiebin?"
During the meal, Lu Liang asked Li Junwei, considering his years in Xiangjiang, he should have some interaction with the Financial Management Office.
In the future, financial business will gradually migrate to Xiangjiang, so it's important to establish a good relationship with the financial leader.
Li Junwei said, "I don't know much about Director Chen, but as far as I know, he values reputation and is fair in his conduct, leaving little room for criticism."
"Values reputation?"
After some thought, Lu Liang had made a decision and looked at Liang Wenhu: "Wenhui, how long until our Firefly No. 2 can be set up?"
"With previous experience, as long as the GPUs are in place, it can be debugged within a week at most, but the underground machine room may not be ready so quickly."
Liang Wenhu looked at Tang Caide, as the machine room that supplies ten thousand GPUs has high requirements for cooling, power management, and fire safety.
Tang Caide had always been in charge of this aspect, so he wasn't sure when the machine room could be successfully built.
"Fifteen days at the soonest."
Tang Caide sighed and rubbed her brow, feeling a bit out of place with the construction efficiency in Xiangjiang after being used to the mainland's pace.
It's not just about increased costs; it's mainly because the engineers here are expert dawdlers, frustrating her enough to consider bringing people over from the mainland.
"So, that'll take about a month then."
Li Junwei nodded, "Some procedures are still under review, and recruiting and training personnel will also take some time."
Lu Liang contemplated for a long time. Now it's the end of July, Tianxing Quantitative should start operating by mid-August.
Even though that's quite efficient, he was scheduled to meet with Chen Jiebin tomorrow, and he still needed to prepare a meeting gift for him.
After some thought, Lu Liang smiled slightly and called Sun Yutao to inquire about the available funds for the third-phase private equity.
After the last action, the free funds needed to re-enter the US Stock Market to continue reaping the benefits of the US Dollar hegemony.
However, there hadn't been a good entry opportunity recently, resulting in nearly a billion US Dollars still on the books.
"First, allocate one-fifth of the funds..."
Lu Liang smiled without reservation in front of the three of them, as he and Sun Yutao laid out plans for the next day.
"Director Chen should really appreciate this gift."
The few of them exchanged glances, smiling at each other.
The next morning, the news of Lu Liang arriving in Xiangjiang to meet Chen Jiebin of the Financial Management Office spread like wildfire across the streets and alleys of Xiangjiang.
"Lu is here; perhaps the Hang Seng Index can stabilize, right?"
"It's not that easy. The Hang Seng Index is in a historical correction phase, and one person's appearance can't change much."
"One person indeed can't change much, but you have to admit, Lu is a man skilled at creating miracles."
At eight thirty in the morning, before the Hong Kong Stock Exchange opened, the news of Lu Liang meeting with Chen Jiebin hadn't yet been confirmed, but the commentators of TVB's 'Finance Watch' were already arguing over it.
Last year marked the twentieth anniversary of the handover, and it was also the most glorious year for Xiangjiang's stock market in the past twenty years.
The global market volatility led to a rebalancing of foreign capital, along with Hong Kong stocks' undervaluation and high dividends, causing the Hang Seng Index to rise from twenty thousand at the beginning of last year to thirty-three thousand at the start of this year.
People were excited and high-spirited, believing that the much-discussed 'Eastern NASDAQ' might finally emerge in the 21st century.
However, reality was harsh; the Hong Kong Stock Market didn't follow NASDAQ's development route. Instead, it learned from Big A's plunge.
This plunge lasted over half a year, with thirty-three thousand becoming legendary, just like Big A's 5178 points in earlier years.
Over the past six months, persistent declines saw the Hang Seng Index drop below twenty-five thousand after breaking past thirty thousand.
The Index lost more than ten thousand points over half a year, making the previous year's glory seem like a dream.
At this time, there was news that Lu Liang met with Chen Jiebin, possibly signaling Tianxing Quantitative's decision to settle in Xiangjiang.
Although everyone knew that Tianxing Finance's focus has been on the international market for the past few years, and Tianxing Quantitative's settling in Xiangjiang was also to better align with international markets, some held onto hope that his arrival could halt the Hang Seng Index's downward trend.
After all, the Hang Seng Index was on the verge of becoming another Big A, facing daily losses, and even the long-awaited rises were just traps to lure people into replenishing stocks.
For the past twenty years, the number of accounts opened at the Hong Kong Stock Exchange had been steadily increasing. However, for the first time in three months, there was a negative growth, clearly showing many disheartened investors choosing to withdraw from the market, despite the continuous influx of mainland investors being unable to stop the decline. They badly needed a strong boost to invigorate the market.
At nine ten in the morning, twenty minutes before the Hong Kong market opened,
someone spotted Lu Liang at the entrance of Phase 2 of Plaza Building, with Chen Jiebin from the Financial Management Office personally receiving him. They shook hands, laughed, and took the elevator to the 88th-floor office.
A blurry photo from which their faces could be clearly seen circulated throughout Xiangjiang's financial circles.
At the same time, the Hong Kong market entered the pre-auction phase, where a motionless grey line made people suspect that the market was closed today.
"Positive news, absolutely positive. Every day there was a net outflow during pre-auction trading, but finally there's a day when the inflow and outflow are balanced."
"I hope the financial leader can negotiate some collaboration with Lu to stimulate the Hang Seng Index market a bit more; my heart can't take any more shocks."
In a flash, it came to nine-thirty, with the Hang Seng Index opening at yesterday's closing price of 23,422 points.
The capital inflow and outflow still maintained a delicate balance. There was a gap, but it was only a few billion Hong Kong Dollars.
Barring any surprises, this delicate balance should last until Lu Liang's meeting with Chen Jiebin ends, after which the news manager from the Financial Management Office would announce the results of the meeting, whether it's good news or bad news.
The market stability lasted only ten minutes when a mysterious southern capital surged in with a fierce momentum, breaking the market balance.
Penguin Holding, SMIC, HSBC Holdings, Cheung Kong Real Estate, China Power Holding and other red and blue-chip stocks stormed forward, transforming into sailors bravely riding the waves, leading a bunch of 'little' stocks to instantly break through 24,000 points, charging towards 25,000 points.
Seeing this, the funds on the sidelines didn't hesitate and humbly joined the long army at the first opportunity...
At that moment, on the 88th floor of Phase 2 of Plaza Building, in the Director's Office of the Financial Management Office,
Chen Jiebin glanced at the market, where the 24,000-point barrier was as fragile as tissue paper, easily breached.
The 25,000-point barrier was also shaky, ready to be broken at any moment. The entire market appeared vibrant and full of life.
In traditional culture, red often signifies auspiciousness and prosperity, while in Western culture, green represents health, peace, and stability.
Since the Hong Kong market was established when Xiangjiang was still a British colony, it adopted Western conventions, with green for rising and red for falling.
However, if using mainland software, like Tonghuashun or East Money, the Hong Kong market upswings would be consistently red.
But here in Xiangjiang, the locals are accustomed to green rising and red falling; after all, green falling has been overused by A-shares, representing the color of 'leeks.'
"Mr. Lu, is this your doing?" Chen Jiebin looked at the source of the market-moving funds, which used channels dedicated to southern capital inflow.
Without any hesitation, nearly a billion Hong Kong Dollars was deployed in an instant, forcibly driving the entire market's recovery.
This method, this scale, and the southern capital inflow pointed too obviously, almost just short of holding a flag and beating drums to announce his grand arrival.
"This tea is quite good." Lu Liang smiled subtly, holding his cup to his nose and taking a whiff; it was subtle at first, then fragrant, with a smooth flow down the throat and a lingering aftertaste.
He wasn't fond of tea before, but Old Meng would regularly invite him for tea, spending whole afternoons over it, so he grew accustomed to it and learned to distinguish the quality of tea leaves.
Surprised for a moment, Chen Jiebin laughed and said, "White Horse Maojian; if you like it, Mr. Lu, I still have a few tins here, and you can take some home later."
"I like drinking it, but I'm not very good at brewing tea." Lu Liang said with a smile, to which Chen Jiebin chuckled, "Since you're upstairs and downstairs, you're welcome to visit often, Mr. Lu."
Lu Liang nodded with a smile, sipped his tea, and returned to the previous topic, "The Hang Seng Index's current correction should end."
With this statement, he tacitly acknowledged that today's Hang Seng Index surge was indeed his doing.
To tackle it effectively, Chen Jiebin, who values reputation, likely faced a lot of pressure from the Hang Seng's ten thousand point drop over the past six months.
Lu Liang might not play in Hong Kong stocks, but that doesn't mean he's not paying attention; 22,891 points is the lowest point of this correction.
Although it's still more than eight hundred points from the bottom, he doesn't mind lending a hand to end this historical correction early.
The public's impression of him was still rooted in the past—good at creating miracles, but now, as long as the timing is right, he has the capability to make miracles.