Revisiting Future Path

195th blowing a balloon

Wei Dongsheng’s four-dimensional space homepage has extremely low content updates.

Nevertheless, Wei Dongsheng also attracted the attention of more than two million fans because of the honors and achievements of China's richest man. Four-dimensional Space is an enterprise controlled by Quantum Rose. Although Wei Dongsheng does not participate in management, he maintains an influence. Wei Dongsheng propagates in Four-dimensional Space that the stock market is still the home battle and enjoys various privileges and conveniences. Wei Dongsheng regards 4D space as a platform for external propaganda, frequently interacting with netizens who leave messages, and the number of followers has soared.

From May 14th to May 17th, the enthusiasm of stockholders completely overwhelmed the warning of the Securities Regulatory Commission. The Shenhai Securities Index not only returned to 4000 points, but then climbed further.

Wei Dongsheng doesn't care about the success or failure of the China Securities Regulatory Commission. While interacting with netizens in the four-dimensional space, he cashes out stock market dividends while shipping. Netizens thought that Wei Dongsheng was dissatisfied with the impact of the stock market on the real economy, but they did not know that Wei Dongsheng was turning paper profits into cash in an ant move.

The Rose Fund entered the market at 1600 points. No matter whether 4000 points or 3000 points have been won, it is nothing more than winning. As a result, the Rose Fund’s intervention in the stock market is very much like “rescue the market”. Every time the Shenhai Securities Index rises sharply, the Rose Fund will suddenly cash out and suppress the enthusiasm of the Chinese stock market.

On May 21, the central bank issued a combination of controls, interest rates, exchange rates, reserve ratios and other three arrows, hoping to effectively curb the overheating of the stock market. However, the actual effect was horrible. After the market opened lower, it was pulled up tenaciously, and the market closed maintaining an upward trend.

On May 23, news of the government's increase in stamp duty came again, and the market went under. However, officials of the Ministry of Finance quickly dispelled the rumors and told the media that there was no such thing as an increase in stamp duty. The stockholders got this reassurance and the Shenhai Securities Index continued to rise wildly.

The Rose Fund continued to ship products under Wei Dongsheng's instruction. From May 14 to May 29, more than one billion yuan of wealth was harvested in just half a month.

However, there was a small accident during the period.

In the early morning of May 30, "Economic News Network" suddenly reported a heavy news: the stamp duty rate for securities transactions was increased from the current one-thousandth to three-thousandths. This news came so suddenly, because just the day before yesterday, officials of the Ministry of Finance were still vowing to refute the rumors that there was absolutely nothing to do. What do you think, all the media that helped the Ministry of Finance "refute the rumors" were slapped in the face by the Ministry of Finance, and "absolutely nothing" suddenly became "absolutely."

The one-thousandth increase to three-thousandths, the two-way transaction of buying and selling, the tax rate cost has doubled six times. But even so, it is only three-thousandths after all, and the impact on securities trading is not that big. The problem lies in the dishonesty of government departments. The Ministry of Finance keeps saying that there is no plan to increase stamp duty in the near future, but it slapped its face and made it absolutely true. As a result, anyone who believes the rumor from the government department becomes a fool. Moreover, this news was not broadcast during working hours, and it was not broadcast on the news network that night. It was chosen in the early hours of the night.

This seemingly shameful behavior was immediately ridiculed by investors as "chicken crowing in the middle of the night."

No matter how loyal the players of the national team are, they have no face to stand up for them.

On May 30, the stock market saw a large-scale stop-down wave, and stockholders ridiculed the stamp duty increase policy in the middle of the night when their interests were damaged. As a public figure, Wei Dongsheng could not speak as he wanted, but he also politely criticized him when he forwarded the news: "Without credit, money is just a pile of waste paper."

The **** call in the middle of the night was indeed effective, and the market fell 6.5% on May 30. After a slight rebound on May 31, June 1 and June 4 continued to fall sharply. Especially on June 4, it fell below four hundred points in a row, setting a historical record of single-day decline in points. From May 30th to June 4th, the fragile Chinese stock market perfectly staged a big turn from skyrocketing to plummeting.

No one says that the stock market is overheating...

The anger of the stockholders all pointed to the rebellious relevant departments. The websites of the relevant departments were even attacked by hackers and paralyzed for 7 hours.

The terrible plunge and cockroaches in the middle of the night also scared the relevant departments.

On June 5, the China Banking Regulatory Commission had planned to hold a press conference to deal with a group of commercial banks that illegally borrowed securities from securities firms for stock trading, and restrained the overheated stock market. On the eve of the press conference, the relevant departments urgently notified the cancellation of this event. Obviously, they did not want to stimulate the plummeting stock market. With June 5 as the demarcation line, the government never said that the stock market was overheated, and the China Securities Regulatory Commission organized the media to blow warm air to encourage investors to trust the Chinese economy.

In just half a month, the policy changed from curbing the overheating of the stock market to encouraging the stock market to rise.

Behind the sudden turnaround in policy is the bankruptcy of government credit.

Just like the lyrics of "I'm Not Selling When I Die", "I don't listen to other people's arrangements, I buy it based on my feelings."

A backlash caused the collapse, and the country's policy to curb the overheating of the stock market went bankrupt.

Wei Dongsheng has always insisted on how much power there is to do so much. Now that he has no ability to influence the country's financial policy, he simply does not worry about it. Wei Dongsheng simply ridiculed the trend with "without credit, money is just a pile of waste paper", and is not expressing specific macroeconomic opinions. However, Wei Dongsheng continued to interact with netizens on the 4D space platform for the sake of future reputation.

A certain shareholder netizen Qiangyan smiled and left a message under Wei Dongsheng’s comments: “Mr. Wei is indeed Mr. Wei. Half a month in advance, he anticipated the 530 tragedy that soared to plummeting.”

"So, President Wei is the richest man at a young age!"

"I used to dissatisfied with Mr. Wei, but this time. Sure enough, the richest man has a reason. Some are born to be the richest man."

"I can't accept it."

"Must serve!"

"Mr. Wei, I believe you. From now on, if you say sell, I will sell. If you say close, I will close the position."

"Mr. Wei, have your stocks been short-sold and closed in advance?"

Wei Dongsheng selectively replied: "No."

Netizens were shocked by Wei Dongsheng's revelation: "Mr. Wei is also locked up?"

Wei Dongsheng took a fair and honest way to make money, so he told the truth: "It's not sold out."

Netizens sighed: "Mr. Wei can't hold the **** screaming in the middle of the night."

Wei Dongsheng replied sarcastically: "No normal people can guess."

Perhaps the mulberry harvested by EAST was lost. When the Chinese stock market plummeted, the US stock market steadily strengthened. Thanks to the speculation of Huaguo concept stocks, the market value of Chunqiu Search officially broke through the US$10 billion barrier on June 1, 2007, setting a new record for Chinese Internet companies with US$10.25 billion.

Chunqiu Search is the first and only Internet company with a market value of tens of billions of dollars.

Wei Dongsheng's previous TAB gold key is the standard, and he is ambitious to make Chunqiu Search a giant with a market value of 300 billion US dollars. Naturally, he has no sense of the 10.25 billion US dollars market value at this moment. However, considering the national vision in 2007, Wei Dongsheng simply copied this news and commented: "The first step in the Long March."

The market value of Chunqiu Search has exceeded 10 billion yuan, which has attracted envy: "Zhiyu sells 5.2 billion yuan a week, and Chunqiu Search has a market value of more than 10 billion yuan. Mr. Wei makes money like drinking water."

According to publicly released data, Wei Dongsheng firmly controls Spring and Autumn Search with a 25.3% stake.

The market value of Chunqiu Search is US$10.25 billion, and Wei Dongsheng’s 25.3% stake can be valued at US$2.59 billion.

At the same time, after Chunqiu and MIH jointly controlled Tencent, Tencent's market value has continued to rise, and it is currently the strongest Chinese Internet company outside of Chunqiu Search. Spring and Autumn Search is the first to break the US$10 billion threshold. At the same time, Tencent has a market capitalization of 59.96 billion RMB far ahead of the three major portals of Netease, Sina and Sohu. Wei Dongsheng holds a 15% stake in Tencent in the name of Dongsheng Holdings. Together with the 6.27% stake in Chunqiu Network, Wei Dongsheng hopes to firmly secure the throne of the richest man in China with his apparent equity in three Internet companies.

If you consider companies such as Zhiyu, Zhixing, and Zhuwei with unclear equity ratios, Wei Dongsheng's net assets far exceed the second place in the Forbes China Rich List.

Public opinion is exclaiming Wei Dongsheng's ever-expanding net assets.

What the public sees is the brilliance of appearance.

After the country’s policy of curbing the overheating of the stock market went bankrupt, the Chinese stock market hesitated to fluctuate for more than a month and ushered in a new round of bull market in July. In August and September, the Chinese stock market continued to break historical records, moving from one victory hill to another victory hill. The US stock market, which is separated by a sea, was in a very good situation, and there was no sign of an economic crisis.

The market value of Spring and Autumn Search can be seen.

On June 1, the market value of Spring and Autumn Search was 10.25 billion US dollars;

On July 2, the market value of Spring and Autumn Search was USD 13.94 billion;

On August 1, the market value of Spring and Autumn Search was 15.36 billion US dollars;

On September 4, the market value of Spring and Autumn Search was 16.98 billion US dollars;

On October 2, the market value of Chunqiu Search was $25.65 billion.

On April 23, 2007, the market value of Chunqiu Search was only 6.5 billion U.S. dollars; in just six months, the market value of Chunqiu Search swelled four times and reached a peak of 25.6 billion U.S. dollars, which is crazy. It's not just Spring and Autumn Search that is crazy. The market value of Tencent, which is listed on Hong Kong, is also crazy. From June 1 to September 28, before the National Day, the market value of Tencent also expanded from 59.9 billion yuan to 91.4 billion yuan.

Are blowing balloons.

During the National Day celebration of the Spring and Autumn Period, when the search exceeded $25 billion, someone pulled out a video about the sword of West Lake two years ago. In the video, Wei Dongsheng first valued Alibaba at US$200 billion, and then said without shame: "The market value of Spring and Autumn is definitely higher than that of Netease, Sina, Sohu, Tencent, and Alibaba combined."

At that time, everyone didn't say it, but they also treated it as a joke.

Who thinks, in just two short years, everyone no longer dared to treat Wei Dongsheng's rhetoric as a simple joke. A Spring and Autumn search, the market value can be ballooned to 25 billion U.S. dollars, coupled with Chunqiu Internet, Xinbao, Chunqiu Software, Chunqiu Literature and other businesses, the total market value of Chunqiu Group is definitely hopeful to reach 40 billion U.S. dollars. In two years, Wei Dongsheng has made Chunqiu a cake with a market value of 40 billion US dollars. If he continues to work hard for another eight years, 200 billion US dollars may not be far away.

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