"With institutions aggressively following suit to buy in like this, it's really quite possible," another hot-money investor replied in the chat group. "The influence of 'Fuxing Road' is truly no joke—it's terrifying. Even though 'Fuxing Road' didn't continue making massive purchases to support the order book today, the market trend still fermented like this."
"That is the power of a top-tier market hot-money player!" another person exclaimed with emotion.
"This isn't just the influence of a top-tier hot-money player," Sun Chengyu, the core figure of the group, chimed in. "Rather, it's the influence of a top-tier market main-theme and sector-excavating investor. Looking at the sheer number of institutional buying seats on today's Long and Tiger lists, it's obvious... this core main theme of 'Mega-Infrastructure' has begun to win universal recognition from various dominant institutional groups in the market, and its main-theme logic is also starting to align noticeably."
"Indeed," someone in the group agreed. "This President Su from 'Huayi Capital' is truly awesome."
"Actually, back when housing prices in Shanghai first warmed up and started rising, there were also funds attempting to hype up this 'Mega-Infrastructure' main theme," the hot-money investor who spoke earlier said. "Pity that trend didn't get fanned into flames back then, nor did it win universal recognition and follow-up buying from various market-making capital groups."
"The eruption of a main-theme trend like this requires the right timing, favorable geography, and harmonious human factors all aligning together," Zhao Qiang said. "The expectations back then certainly weren't as certain or intense as they are now. Moreover, the influence of a trading seat like 'Fuxing Road' on various market funds and countless retail investor groups is completely different from ordinary market funds.
With funds like 'Fuxing Road' acting as a guide, even if the main-theme trend they unearth is slightly lacking in logic, it will still trigger a frenzy of speculation from various capital groups in the market.
Of course, whether it can ultimately form a sustained main-theme price trajectory and attract more external capital groups to take over the baton depends on the market's consensus expectations and the fundamental underlying logic of the main theme."
"Old Zhao, looking at it this way, were our previous expectations regarding the price trajectory of the 'real estate' sector—or rather, the entire 'Mega-Infrastructure' sector—a bit too conservative?" a hot-money investor close to Zhao Qiang asked. "Judging by this situation... the sustainability of this main theme's trend is basically secured."
"In terms of price action, the trend of the 'real estate' line has definitely exceeded expectations," Zhao Qiang said. "Originally, I just wanted to take a quick bite and run. Now... it seems we can play a sustained trend, forge a core conceptual leading stock, and make a solid profit off this wave. Brother Sun, what do you think?"
Sun Chengyu thought for a moment and said, "Regarding the 'Mega-Infrastructure' main theme, current market sentiment is still fermenting further. Playing a sustained trend and forging a core conceptual leading stock is indeed feasible. However, selecting which concept leader to back remains a question."
Zhao Qiang said, "Based on market price action, among today's strongest stocks with a market cap under 10 billion yuan are Shenhuo Shares, PHM Coal Energy, Tianshan Cement, Beijiang Communications, Capital Group, Yukaifa, Bayi Steel, and Lingyuan Iron & Steel. Brother Sun, which one do you think possesses true leading attributes?"
"I feel like Shenhuo Shares, Tianshan Cement, Beijiang Communications, and Capital Group are relatively more qualified as leaders," the hot-money investor who spoke earlier replied. "Furthermore, looking at the Long and Tiger lists, the 'Foshan Faction' has already stepped into Shenhuo Shares."
Sun Chengyu pondered and said, "Just looking at the current technical patterns, the uncertainty of which one will ultimately break out remains quite high; we can't definitively judge which one is the leader. However, the four stocks Old Yang just mentioned certainly don't lack popularity right now, and their floating shares are moderate, making them genuinely suitable for relay speculation."
"Actually, Gemdale Corporation is a pretty good ticker too," Old Yang said. "Its market recognition is high enough, its capital follow-through capacity is active, it's also a concept stock linked to 'Fuxing Road', and institutional participation is strong. The only problem is that its market cap is simply too massive; given our capital size, it's probably hard for us to dominate the order book."
"Forget about Gemdale Corporation," Zhao Qiang replied. "A core industry leader like that can't be budged without a few billion yuan. What's more, there's no shortage of institutional capital inside that ticker, and the chip structure is far too chaotic. If we rashly charge in, we'll easily end up doing wedding dress work for others."
"Let's keep a closer eye on Shenhuo Shares, PHM Coal Energy, and Capital Shares tomorrow," Sun Chengyu said after a moment of reflection. "Recently, the driving momentum of the 'Foshan Faction' has been decent, and their related seats also carry a price premium. As for Beijiang Communications, while its market recognition is sufficient, today's action on that ticker was dominated by the 'Qilu Faction', a group of funds that loves to hog profits entirely to themselves. Even if we want to play it, we'll have to wait until that capital clears out and the chip structure is washed clean before considering it."
"Brother Sun is right," Zhao Qiang agreed. "The 'Foshan Faction' has indeed performed well lately."
While the members of the "Yuhang-faction dominant hot-money" chat group were discussing follow-up market trends and preparing to pinpoint core concept stocks to rake in massive profits as the upcoming rally fermented further...
Inside the "Foshan Faction" dominant hot-money chat group at that very moment, Li Jinshi, Chen Guiyun, and Liao Guoxiang were also feeling quite pleased after reviewing the market's Long and Tiger list data.
"With institutions buying in so aggressively, it looks like tomorrow's market session holds great promise again," Li Jinshi said. "Good thing we acted decisively today. Like I said... dominant market capital in the market couldn't possibly fail to realize or follow suit in buying into a market main theme with logic this rock-solid."
"Old Li, your timing was spot on this time," Chen Guiyun chuckled.
Li Jinshi laughed and replied, "Not bad, but all credit goes to President Su of 'Huayi Capital' for being so brilliant. Through the linkage of the two markets, goodness knows how much incremental capital he's managed to suck in."
"President Su of 'Huayi Capital' is indeed incomparable in his order-book execution and trading mindset," Liao Guoxiang chimed in at that moment. "Especially this dual-market linkage technique—it truly managed to capture the attention of virtually every financial investor in both the mainland and Hong Kong. Coupled with the catalytic news of rising housing prices across major cities lately, it's very easy for him to pull this 'Mega-Infrastructure' line out into the open."
"Old Liao, do you think... the 'Mega-Infrastructure' line can be considered a done deal now?" Chen Guiyun asked. "I feel like the technical pattern and price action are pretty much there."
Liao Guoxiang thought for a moment and replied, "That depends on how you analyze it. Compared to the previous consumption and pharmaceutical main themes, this 'Mega-Infrastructure' line will probably still have to endure a test of sentiment divergence.
But analyzed from a short-term perspective, there is no doubt that the speculative rally of the 'Mega-Infrastructure' main theme has already kicked off, market sentiment is climbing rapidly, and stocks hitting the daily limit-up or surging sharply today will basically enjoy decent price premiums tomorrow."
"Naturally, I'm looking at it from a long-term mindset and logic," Chen Guiyun said. "I have a feeling that this 'Mega-Infrastructure' line will become the sustained main theme for the latter half of the year, and even for a much longer period—just like consumption and pharmaceuticals. It's highly likely to drive numerous dominant institutional capital groups in the market to converge and huddle within this main theme."
Liao Guoxiang said, "That's certainly possible, but it doesn't have much to do with short-term capital like us. As long as we capture this wave of the rally, that's enough."
"Haha... Old Liao is right," Li Jinshi laughed heartily. "Old Chen, don't overthink it. In a bear market, who cares how the market moves in the long run? Besides, we aren't like those public fund institutions stuck inside the market who can't go to cash. When there's a rally, we trade; when there isn't, we rest. Simple as that."
"Alright," Chen Guiyun acknowledged, then added, "Tomorrow's market trajectory will most likely continue to unfold around this 'Mega-Infrastructure' main theme. Are we going to keep playing Shenhuo Shares, Tianshan Cement... those tickers? Do we continue adding positions, or lock them up?"
Li Jinshi thought it over and replied, "I think we still need to evaluate how sentiment ferments across the entire market tonight, as well as the call auction action tomorrow morning. If tonight's sentiment feedback is positive, and tomorrow's call auction shows decent buying support, then we can continue locking our positions or keep adding to them."
"We also have to observe the feedback from external market trends," Liao Guoxiang added. "We mustn't forget this is a bear market; bullish sentiment comes and goes in a flash. At the same time, everyone's general investment risk appetite is low. The moment market bullish sentiment retreats even slightly, or if external markets perform too terribly, it very easily triggers profit-taking liquidations and concentrated panic selling from follow-up retail groups."
"True," Li Jinshi said. "We need to prepare for both scenarios."
"I feel that if external markets perform terribly, sentiment pulls back slightly tonight, and the market exhibits divergence early tomorrow morning, it might actually turn out to be a fantastic buying point," Chen Guiyun mused.
"As for this core main theme of 'Mega-Infrastructure', both the institution 'Huayi Capital' and other dominant capital institutions in the market have already plunged quite deeply into it. Furthermore, with so many institutional seats appearing on today's Long and Tiger lists, this main theme is absolutely impossible to be a one-day wonder or a flash-in-the-pan.
I believe this main theme still has room to open up its pattern and be played seriously.
At least under current sentiment and expectations, high-visibility limit-up stocks from today's session—like Shenhuo Shares, Beijiang Communications, PHM Coal Energy, and Capital Shares—if we prop up their call auction performance tomorrow and further ignite market bullish momentum, achieving consecutive limit-up boards will still be relatively easy.
Moreover, the current share prices of these tickers are all severely oversold, with massive mountains of trapped positions clustered roughly 50% above current share prices.
So we don't need to worry about trapped positions being overly heavy and suppressing the order book."
"Old Chen, your appetite is plenty greedy," Li Jinshi chuckled lightly. "Still, what you're saying makes a certain amount of sense. After a few days of brewing, the sentiment around this core main theme of 'Mega-Infrastructure' has erupted to this extent. If we don't play a serious wave under this kind of sentiment and forge a consecutive-limit-up leader, it would truly be too much of a pity."
"We shouldn't be overly optimistic," Liao Guoxiang maintained his calm demeanor. "Although institutional dominant capital added plenty of chips in the 'Mega-Infrastructure' direction today, overall market trading volume didn't expand by much. This indicates that sideline capital hasn't actively entered the market yet, and also shows that many retail investor groups remain hesitant and reluctant to chase highs on this main theme's rally.
Relying solely on spontaneous capital behavior within the market and the guidance of the institution 'Huayi Capital' isn't enough to trigger a climax in sentiment.
If we want to ride a wave of continuously soaring market sentiment to drive a conceptual leading stock through a sequence of consecutive limit-up boards, we need more than just the support of core industry leading stocks—we also need positive catalysts from policy directions or industry developments."
"Policy and industry catalysts?" Li Jinshi thought for a moment and said, "Aren't the previous positive policies like 'supply-side structural reform', the Ministry of Housing and Urban-Rural Development relaxing urban purchase restrictions, easing sales price caps for developers, and the central bank lowering housing loan interest rates and increasing loan quotas enough?"
Liao Guoxiang replied, "They are enough to promote the long-term healthy development of the industry and transform industry fundamentals, but... those positive policies were released earlier, so they don't have much stimulating effect on the recent market, especially on chasing-and-killing retail investor groups. We need recent positive news, or the latest announced positive catalysts, to provide a substantial stimulus to the market trend."
"Then let's hope for some new positive news to drop in the market tonight," Li Jinshi smiled and said. "When market sentiment is high and everyone is universally bullish, it correspondingly magnifies positive news and drives people to hunt for market positives. I feel... under this kind of market sentiment atmosphere, we can definitely look forward to it."
With that, he turned his gaze to the market's information interface.
As time ticked onward, amidst everyone's continued attention and anticipation, at 8:00 PM, a flurry of positive news regarding steel, coal, non-ferrous metals, construction, and real estate actually surfaced in the market.
The state also provided a more detailed deployment and explanation of the "supply-side structural reform" policy, while showcasing some of the achievements attained since the implementation of this reform framework.
In addition, the latest capacity data released by the steel and coal industries further demonstrated that the severe overcapacity problem across the entire industry was gradually being resolved.
Alongside these policy-side positive catalysts... public market information also featured trending web searches about real estate prices in various regions, news of numerous housing projects selling out the moment they opened, and reports of people queuing up and joining lottery draws to grab properties.
The release of these positive catalysts directly propelled the financial market forward, rapidly elevating countless investors' expectations for the subsequent rally of the core "Mega-Infrastructure" main theme, while also boosting investor attention and discussion fervor around this sector.
(End of Chapter)