On Monday, at market open, Wanliu Capital surged by eight points, marking the largest single-day increase since breaking the three trillion market cap.
Wanliu Capital itself doesn't have many shares available, with most holders keeping them tight for the dividends, never considering releasing them.
Theoretically, it should have hit the limit today; pulling it to the top doesn't require much, just a few billion funds would do.
However, Li Yang started reducing his holdings during this period. Although the daily reductions varied, sometimes over a billion and sometimes a few hundred million, it still released a considerable amount of shares in the market, increasing the pressure to raise the limit significantly.
The main logic behind today's rise is due to Wall Street not taking any clear actions over the weekend.
If Jiang Banxia really leads one of the few herds in US stocks this time, it means her fame is spreading overseas entirely.
