111: Reactions from all sides! The subscription period has come to an end!

These Hot Money investors from the Stock Picking Bar.

Basically, every single one of them casually subscribed to Wang Lin's Public Fund.

It was only 100,000, just pocket change.

They just wanted to see how far Brother Lin could go.

These funds, one from you and one from me, totaled only a few hundred Hot Money investors.

However, there were only a few dozen who were well-known and had assets exceeding ten million.

Those Stock Investors who held hundreds of thousands or millions in funds generally couldn't be called Hot Money; perhaps the term well-off Retail Investors was more suitable for them.

These people were the main force behind the subscriptions on the Stock Picking Bar.

Even based on the subscriptions of over 300 people, that was only over 30 million.

So, they were absolutely right when they said Wang Lin wasn't doing this to make money.

On the first day, the news had not yet spread.

The Public Fund's subscription amount had barely reached over 90 million.

Not even 100 million.

Even so, this was only because subscriptions from the Stock Picking Bar accounted for half, and some Stock Investors who deeply trusted Wang Lin even used their family members' ID cards to subscribe for the maximum allowed amount.

Otherwise, the figures for the first day would likely have been even worse.

Inside the company.

Li Yuanyuan looked anxious. Although she didn't understand why Wang Lin was doing this, the company's first Public Fund issuance facing a cold reception was definitely a problem.

Li Yuanyuan asked doubtfully, "Brother Lin, is it really okay for us to do this? In seven days, I'm afraid we won't be able to secure much funding!"

Wang Lin smiled mysteriously, "For me, it's not about making money from the Public Fund, but about using it to build recognition and to let the vast number of Retail Investors make money!"

"Then, I'll let these Retail Investors spread the word for me!"

"Therefore, the size of this Public Fund actually has no impact on me!"

"If it's too small, it's not good—it lacks substance!"

"If it's too big, it's hard to manage, so a moderate amount is fine!!"

Upon hearing Wang Lin's words, Li Yuanyuan suddenly realized the truth.

It turned out that Brother Lin was operating on a completely different level this time!!

Subscriptions on the first day didn't even break 100 million.

This provided financial media outlets with an excellent topic.

[Junlin Finance Public Fund Subscription 'Meets Cold Reception' on First Day!]

[Brother Lin Crosses Over to Public Fund, Risky Move Leads to Backlash!!]

[The Public Fund with the Lowest Subscription Amount! Yet Little Capital Responds!]

[Junlin Finance Public Fund's First-Day Subscription Meets Cold Reception, Perhaps Due to Insufficient Product Design!]

[Weak Start, What Should Brother Lin, Who Crossed Over to the Public Fund Sector, Do Next?!]

Eight out of ten media outlets were disparaging.

As for the genuine Public Funds, especially the current top ten fund companies in the industry.

Such as Huaxia Fund, Tianhong Fund, Harvest Fund, E Fund Management, Nanfang Fund, BOC Fund, and others.

They all held different views on the matter.

Huaxia Fund, as the industry's dragon head big brother and the only fund company with a scale exceeding 200 billion.

Whether Junlin Finance's Public Fund was good or bad, they actually didn't care.

Because it posed no threat to their standing.

For them, it was mostly treated as a joke.

Huaxia Fund: "This new Public Fund from Junlin Finance seems to be meeting a cold reception today."

Tianhong Fund, which was about to break the 200 billion scale, was the fund that partnered with Balance Treasure.

When their executives learned that Junlin Finance was already their strategic partner, they actually hoped the other party could show some backbone.

Tianhong Fund: "Junlin little brother, keep up the good work!"

The rest, such as Harvest, E Fund Management, Nanfang Fund, and others.

All watched with cold eyes.

"The Public Fund sector isn't that easy to enter!"

"If you handle Hot Money, stick to playing your own stocks. Do you even understand Public Funds enough to jump in?"

"Seriously, if any Tom, Dick, or Harry can play with Public Funds, the industry's baseline is ruined. 1,000 minimum investment? Hmph."

"And a 100,000 limit? You're not letting wealthy people invest! What kind of Public Fund are you running? Messing around!"

"It's good that it met a cold reception. Later, let him retreat knowing the difficulty, he can just stick to playing small speculative stocks!"

"He even set a seven-day subscription period—who does he think he is? I doubt he'll even reach the 300 million quota this time! After all, the first day was due to his influence, but the following days are uncertain."

Just on the first day, they only felt a slight disdain for Wang Lin, the cross-sector newcomer.

That was all.

However, during the remaining six days.

Whether it was because more Stock Investors became aware, or the company's team promotion was effective, or perhaps Wang Lin's influence had been materialized.

In short, the subscription funds surprisingly maintained a level of around 100 million every day.

It didn't increase much, nor did it decrease much.

Just like that.

The seven-day subscription period passed in a flash.

At the moment the subscription channel finally closed, the total raised capital for jun lin all-around mixed stock fund phase 1 was 573 million!

This figure shocked many Stock Investors.

Simply looking at this nearly 600 million in capital might not seem impressive—it was just a fund ranking near the bottom in terms of scale.

But one must remember that the maximum subscription amount for this fund was only 100,000.

This nearly 600 million in capital meant that, calculated by the maximum subscription amount, there were a full 6,000 subscribers.

Moreover, the subscriptions would certainly not all be at the maximum.

It was estimated that there were roughly over ten thousand subscribers.

For a first-time Public Fund, this was definitely not a weak performance.

Old Ma, far away in Hangzhou City, understood the significance of Wang Lin's maneuver after consulting with industry insiders.

Don't assume everyone is stupid; when Wang Lin plays like this, those in the know naturally understand what kind of Utopia Wang Lin is pursuing.

But.

Perhaps only Wang Lin dared and was able to play this game.

This was because it was built on a foundation of profound heroism, armored by powerful personal ability, which was the only way to make this work.

Sadly, 99% of the people in this market simply couldn't achieve it.

"This kid, truly worthy of being a rising sun in his twenties, has ideas. I just hope you can actually pull it off!"

"It's a pity that time was too short. The final version of the contract hasn't been signed yet, and the various adjustments on Balance Treasure's side haven't been finalized, so we couldn't promote it for you!"

"Otherwise, breaking the 1 billion subscription quota might not have been a problem."

"But then again, this kid never intended to have too much capital." Old Ma thought of this and laughed involuntarily.