At 3 p.m., the A-shares market closed.

From the morning’s limit-up to the afternoon’s close, the Ningde Era remained the market’s brightest star, cementing its status as King Ning with no reduction in the hundreds of billions on its board.

Though CITIC Securities in the securities sector and Vanke A in the real estate sector encountered difficulties securing their boards, they eventually succeeded, becoming the leaders of their respective sectors and rallying Big A for a counterattack.

One positive line pierces ten negative ones; after more than a month, the total transaction volume of the four exchanges once again broke through a trillion, as confidence is being rebuilt.

The Shanghai Stock Exchange Index rose 6.84% in a single day, closing at 2789 points, with over 800 stocks hitting limit-up and more than 3,000 stocks turning positive.

After 5 p.m., the Dragon and Tiger List was updated, revealing that Tianxing Public Fund topped the list as the main buyer of multiple stocks.

Not only did it increase its holdings in existing new energy component stocks, but it also, for the first time, held multiple securities-related and real estate-related stocks across sectors.

The news caused a market stir, sparking speculation, as some insiders speculated that Tianxing Public Fund’s actions this time were more about rescuing the market than bottom-fishing.

Even though new energy is considered a key sector, due to the presence of Tianxing Public Fund and the offline new energy market’s booming growth, it often defies the broader market trends with its independent movements.

To rescue the market, merely boosting the new energy sector is far from sufficient, hence the replication of Ningde Era’s miracle by CITIC and Vanke, with their instant limit-up performances.

To put it bluntly, Tianxing Public Fund does not particularly favor the development of the securities and real estate sectors in the future; it simply aims to rescue the market.

Under a collapsing nest, no egg remains uncracked; if these two sectors are not boosted, they could drag down the new energy sector.

However, as the Dragon and Tiger List data gets updated, Tianxing Public Fund emerges as the top buyer of several securities and real estate stocks.

According to incomplete statistics, it invested over 50 billion yuan in these two sectors, accounting for more than 5% of its total holdings.

This behavior seems less about rescuing the market and more like an indication of long-term holding intentions, nearly overturning that insider’s speculation.

"I’m confused."

"I understand diversified holdings, after all, don’t put all your eggs in one basket."

"Moreover, if the real estate economy collapses, funds need to find a new storage pool, and the financial market is a good choice, securities-related stocks are sure to rise in the future."

"But why heavily invest in real estate? Didn’t Liangzi say the housing market has peaked and a cold winter is coming?"

"Could it be that Liangzi is also pulling a trick like Yue Buqun, with one facade on the surface and another behind?"

"Or is it? Is the housing market going to rise? Are they patching things up?"

Just as debates raged online, Douyin quietly sparked discussions that housing prices are poised for a second wave of increases.

A plethora of well-known financial and economic experts and scholars, like mushrooms after rain, joined Douyin, set up accounts, and openly stated that now is not yet the time for the real estate economy to transition.

Taking the historic examples of the United States, Neon, Korea, and even the Xiangjiang real estate market, every nation enters a real estate economic era following an industrial revolution.

This cycle lasts at least fifty years, and the East Country’s real estate economy has only developed for twenty years with thirty years of growth potential remaining.

Developers seemed to align with this rhetoric, canceling or reducing the various benefits promised in previous promotions.

For a moment, potential homebuyers couldn’t hold back any longer, fearing they might miss the ’low valley period’ of housing prices and decisively chose to buy.

Housing prices rebounded across regions, the volume of real estate transactions surged, and long queues reappeared at housing management offices in multiple locations.

"Mr. Lu, benevolence! The backbone of the nation, a hero for the country and the people, truly a role model for all of us."

Greenland Group’s Liu Conglong wore a broad smile, speaking with generous praise, expressing his admiration for Lu Liang as endlessly as the flowing river, as unstoppable as the Yellow River’s flood.

He extended nationwide gratitude to Lu Liang on behalf of real estate practitioners.

After all, retail investors were unclear about Tianxing Public Fund’s intentions with real estate-related stocks, but the insiders knew well.

The 14th Five-Year Research Meeting repeatedly emphasized not speculating on housing; the central bank’s cut in mortgage rates indicates a firm stance on transformation.

Just after more than a month of promotions, the transaction volume of properties was repeatedly halved across regions.

The practice of chasing highs and dumping lows applies not only to stocks but also across various industries, after all, in the past month or so, housing prices in core areas of first- and second-tier cities fell by 5%, while third- to fifth-tier cities saw a decline of 10% to 20%.

At this time, homebuyers will think, if it fell 5% in just one month, will it fall 10% next month? .

For houses costing more than a million, even a one-point drop could mean a year’s savings for an ordinary person.

So they become particularly cautious.

However, if homebuyers continue to hold this thought, housing prices will fall into a vicious cycle of continuous decline.

The problem with Hengtai Group isn’t just a problem for them, but for the entire real estate industry, as they all need substantial funds to ensure property delivery and survive this winter.

The houses can’t be left in their hands; if they are, it’s called a hard landing.

If a large number of real estate groups experience a hard landing, the entire domestic economic market will face significant issues.

Lu Liang must have seen this point, which is why he’s acting contrary to his words by having Tianxing Public Fund hold stocks related to real estate.

What Liu Conglong didn’t expect was that Lu Liang’s influence was indeed so intimidating that just having Tianxing Public Fund hold stocks related to real estate could indirectly lead to a warming of the property market nationwide.

"Chairman Liu, you overestimate me. Now that the country is undergoing economic transformation, as business managers, we should all do our part," Lu Liang said calmly.

Although he disliked Liu Conglong who was acting obsequiously even after profiting, with his talk of soft landing, he couldn’t change this reality.

The real estate market must have someone to take over the burden, and debts must be transferred to the masses, otherwise, as Liu Conglong said, the economy will face significant problems.

Just like a Hong Kong movie he watched called "Big Guy", where Li Fengyi is not the Japanese soldier, nor is the Japanese soldier Li Fengyi, it’s not a past life issue, it’s that the Japanese soldier killed, so Li Fengyi must die.

Although the intent of the film was to advise goodness, suggesting no evil causes lead to no evil effects, it also illustrated a harsh reality: when someone makes a mistake, someone else has to pay, and the two are often not directly connected.

With an appreciative look, Liu Conglong said: "Hearing you speak is more enlightening than reading ten years of books; if our nation’s entrepreneurs all had the awareness of Mr. Lu, how could the nation not prosper?"

"If there’s nothing else, let’s leave it at that for now."

Lu Liang was exasperated dealing with seasoned players, always sidetracking instead of addressing matters directly.

If he had to engage in this awkward small talk, he’d rather go home to spend time with family and build a relationship with his son.

Grinning, Liu Conglong said: "Mr. Lu, please wait a moment, there’s actually something I wanted to inquire about."

"Go on."

Liu Conglong hesitated for a moment: "I heard from friends in Beijing that the central bank seems to be planning a nationwide card-breaking operation with the three major telecom operators to prevent capital outflows. Do you know about this?"

"I’m not too clear, but saying it’s to prevent capital outflows is probably serious; it’s likely related to cracking down on overseas fraud."

Raising his eyebrows, Lu Liang quipped: "Chairman Liu, why are you interested in these matters? A big brand like Greenland, in the top ten of national real estate, shouldn’t be affected by such policies, right?"

"Greenland certainly won’t be impacted by such policies."

With certainty, Liu Conglong asserted that the Greenland Group is completely clean, then abruptly shifted the topic: "But there are matters that Mr. Lu, as someone who used to be in real estate, might also have heard of."

"Oh? I’d love to hear more," said Lu Liang.

Liu Conglong said: "In the past, when expanding the real estate market, it was inevitable to deal with some local hooligans to ensure smooth progress of the real estate projects."

With a gentle laugh, Lu Liang frankly stated: "I’ve heard, it’s nothing more than fostering some violent demolition teams involved in black and evil activities, isn’t it?"

For a moment, Liu Conglong was speechless, caught between laughter and tears: "Mr. Lu, you certainly speak forthrightly, but those are all things of the past. Nowadays, under the leadership’s governance, the market environment has greatly improved, and forced demolitions no longer exist."

"However, inevitably, some residual issues might remain, and if thoroughly investigated, could slightly affect Greenland."

With a faint smile, Lu Liang remarked: "Chairman Liu, talking to you is quite exhausting. Just speak plainly; what can I do for you, and what can you offer? We’re all businesspeople, there’s no need for all these twists and turns."

"Mr. Lu, you speak so directly, so I won’t beat around the bush."

Smiling, Liu Conglong began talking about a company under the Greenland Group’s name that has an undisclosed fund of 250 million yuan. Once the nationwide card-breaking operation begins, it might be difficult to mobilize this fund.

Tianxing Investment, once one of the few dual-currency private equity funds in the country, has now established Tianxing Financial Group in Xiangjiang, controlling an important channel for offshore funds.

If Lu Liang is willing to help, he can take the initiative and offer 20% of this fund as compensation.

Speculatively, Liu Conglong inquired: "I wonder if Mr. Lu has a way to activate this fund."

Shifting his tone, Lu Liang coldly questioned: "Chairman Liu, do you think I, Lu, have nothing better to do?"

"Mr. Lu, I’ve been wronged; how could I dare have such thoughts?" Liu Conglong protested, hearing Lu Liang’s implication that the payment might not match the effort.

After pondering for a while, he added: "Mr. Lu, you might not know, this is definitely a lucrative deal; just think how many such funds exist nationwide."

Seeing Lu Liang not immediately refuse, a spark of hope ignited in Liu Conglong’s heart, yet after waiting for a long time, he still didn’t see Lu Liang respond.

Gritting his teeth, he said resolutely: "Mr. Lu, I won’t hide it anymore. Just from what I know, the funds wouldn’t be less than 12 billion, and 20% is 2.4 billion yuan."

"You just need to open a small gap, and these rewards will become management fees, turning into Tianxing Financial Group’s revenue."