Chapter 255
Chen Yang waited an afternoon, but still didn't get a reply from Vice Governor Liu Jianghua.
The news Yexin heard was also still under discussion.
Having already handed over the third‑party payment platform's application procedures to Starlight Financial Investment Company, Chen Yang didn't plan to worry about it anymore.
After the stock market opened on Tuesday, Chen Yang chose to stand pat, first observing how other capital viewed Liu Clan Group's stock. Seeing the stock pushed up three points in the bidding phase, he then quietly began placing sell orders one after another starting from the price of 22.66.
Before the morning close, he liquidated all Liu Clan Group shares in the three accounts at an average price of 21.
Since the cost price was 20.68, this sale yielded a profit of only over 3,797,000.
When Chen Yang reviewed the transaction data of the three accounts, he found some discrepancies compared to his past trading data. After careful checking, he discovered their trading commission was 0.00085.
Chen Yang then opened his personal account and saw that the commission was 0.0001.
This discovery made him feel a bit uneasy. Although he no longer cared about that small commission, it still involved a matter of personal pride. As big clients, why should others enjoy better treatment than him?
So Chen Yang immediately called Qi Yunxiang.
"Boss Qi, it seems our relationship isn't close enough!"
"Boss Chen, did I fall short somewhere?"
"Hmm, I'd like to know what the commission on my personal account is."
"Boss Chen, I actually wanted to lower your commission to 0.0005 earlier, but I've been too busy and forgot. I'm really sorry!"
Chen Yang naturally didn't believe his nonsense. The other party cutting the commission in half as soon as he spoke was likely fearing Chen Yang would move his funds elsewhere. However, Chen Yang remembered that some securities firms' big‑client commissions were lower than 0.0005, especially those quantitative traders in his past life, whose commissions were said to go as low as 0.0002.
"Boss Qi, I've heard some securities firms charge big clients as little as 0.0002 for trading fees. Does your firm offer that?"
"Well…" Qi Yunxiang hesitated for a while, then said, "Boss Chen, if you can guarantee a monthly trading volume of over 100 million yuan, we can also give you that treatment."
"Only 100 million? That's no problem at all. Please adjust it right away."
"All right. Will you continue trading stocks today?"
"We'll see how it goes!"
Chen Yang didn't give Qi Yunxiang a definite answer. After he finished selling, Liu Clan Group's stock had fallen to 20.5. He needed to first check the forum to gauge investors' mood.
If investors aren't optimistic about Liu Clan Group's stock, the price could hit the lower limit of 19.8, which would be a buying opportunity. Otherwise, he'd have to wait longer.
After all, a starting price of 20.5 is a bit high. Without other capital to push it up, raising it would be difficult. Purely doing T‑trades wouldn't be very worthwhile either.
Meanwhile, forum users were split on whether to cut losses. A large portion still believed Liu Clan Group's stock would rebound.
Seeing everyone's firm resolve, Chen Yang decided to wait a while longer. Anyway, he had already fulfilled Qi Yunxiang's requirement of a monthly trading volume over 100 million.
At lunch, Chen Yang deliberately asked Yexin, who was dining with Shen Anna, a question.
Yexin, sis, this time we go to Xingcheng Securities to open an account, how much commission did Qi Yunxiang give you?
10,000.5, This Qi Yunxiang is more of a person than Zhuo Wenyuan and Wu Lin. Yexin was very satisfied with Qi Yunxiang's service. She, Huang Bai ming, and Zhao Fei yang had been hanging out at Zhuo Wenyuan's place for several years, the commission had always been 10,000.85. Opening an account at China Securities was the same treatment. And at Qi Yunxiang's place, they didn't even need to speak up; he directly gave them 10,000.5.
Chen Yang heard that his treatment was better than Yexin and the others, and he felt very comfortable. So he also spoke well of Qi Yunxiang: "Although Xingcheng Securities is not as big as China Securities and East River Securities in scale, the service is still very satisfying. From now on, when we trade, we should as much as possible use their company's account. The commission saved in one month can buy several name-brand handbags."
Yexin carefully calculated and felt Chen Yang's words made sense. Previously, when following Zhuo Wenyuan in stock trading, she only looked at total returns and never considered the commission issue. Now thinking about it, each month just the commission alone would cost an extra over 10,000 yuan.
Moreover, the most hateful thing about Zhuo Wenyuan is that, even though some stocks clearly have little profit, he insists on trading them. This is purely using their money to profit himself!
If it weren't for that guy still lying in the hospital recovering, she would have directly called him to scold him.
"Chen Yang, from now on let our company's transactions go through Xingcheng Securities! We need to let the people at China Securities and East River Securities see what customer-first service means."
"Okay, then this afternoon we'll also liquidate the China Software stock. Then shift the battlefield."
Chen Yang, in return for the special treatment Qi Yunxiang gave, decided to give another big gift.
After the afternoon market opened, Chen Yang had Yexin, Huang Bai ming, and Zhao Fei yang sell the China Software stock as quickly as possible.
Because China Software today hit the fifth consecutive limit-up, the stock has risen to 5.76 yuan.
At this point, investors' chasing sentiment was very high. If they just slowly sold out, the chips they threw out would likely all be snapped up.
If they dumped a large volume of sell orders at once, it would make people unaware of the inside story suspicious. Some people with weak resolve would join the short-selling army, directly pushing the stock price down.
Yexin and the others, under Zhuo Wenyuan's leadership, often created stock market disasters. This time, Chen Yang gave an order, and they quickly got into state. In just ten minutes they drove the China Software stock price down to 5.1 yuan.
And the uninformed investors, following Yexin and the others, also dumped their shares. China Software, in just fifteen minutes, staged a limit-down then limit-up.
At this point, Chen Yang began directing everyone to accumulate shares.
In order to minimize cost, the accumulation process was very slow. Yexin, following Chen Yang's operation for a period, now could also keep her composure. Any sell order priced 0.1 yuan above the limit-down price she couldn't be bothered to consider.
This process continued until ten minutes before the market close.
At this point, they had already absorbed 12,000,000 shares of China Software stock.
After the accumulation task was completed, Chen Yang again ordered everyone to speed up the buying. In the closing auction phase, he lifted the stock price back to the limit-up.
End of Chapter
