The Death of the Market Manipulators cover

The Death of the Market Manipulators

Rating 3.7
Word count
148K words
Chapters
54
ISBN
9787508630687

Tags

Summary

The author selected the most typical and representative market manipulators in China's capital market, reconstructing as faithfully as possible the causes and consequences behind their successes and failures, and presenting their stories in a narrative style. Every one of these figures was once a powerful player in the Chinese stock market, wielding enormous influence. Their former glory and present decline offer a mirror for the hundreds of millions of ordinary investors still drifting in the turbulent sea of the stock market.

Editor's review

*The Death of the Market Makers* is a work of reportage that offers an in-depth analysis of three decades of speculation in China's A-share market. From his vantage point as a financial journalist, Chen Siwen systematically traces the stories of the "market makers" who dominated the capital markets from 1990 to the present before their eventual downfall. Rather than mere sensationalism or revelation, the book constructs a micro-history of Chinese-style capital operations through the rise and fall of emblematic figures such as Lü Liang, Tang Wanxin, and Wei Dong. It reveals how, in an era of imperfect institutions and lagging regulation, market makers used capital, information, and public opinion to manipulate share prices—and why this model was bound to collapse.

In the editor's view, the book's core value lies in its sober narrative and profound reflection. The author does not stop at moral criticism of market makers' tactics but probes the soil that bred them: the characteristics of a policy-driven market, the speculative psychology of retail investors, and the absence of early market rules. Reading this book is like watching a sweeping financial documentary; it not only illuminates the blood and thunder behind the candlestick charts but also deepens understanding of the origins of many rules and regulatory systems in today's Chinese capital market. For readers who wish to go beyond technical analysis and understand the stock market ecosystem from historical and social perspectives, this book offers an indispensable macro view and historical coordinates.

Who it's for

A good fit for

  • Investors and finance professionals interested in the history of A-share development and insider operations
  • Finance enthusiasts who enjoy reading business history and case studies of corporate rise and fall
  • Students of finance, economics, and journalism seeking to understand Chinese market practice
  • Seasoned investors seeking to avoid historical risks and cultivate market insight

Not a good fit for

  • Readers looking only for quick trading tips or short-term operation guides
  • Readers impatient with financial history and case details who seek light entertainment

Reading tips

  1. Read in conjunction with the policy context of different stages of China's capital market, and consult financial news from the relevant periods to enhance the sense of historical presence
  2. Compare the book's cases with current market phenomena and consider whether "market maker thinking" exists in new forms
  3. Pay attention to the interplay between individual fate and the tide of the times; beyond its business value, the book also has a humanistic, reflective dimension

About the publisher

CITIC Press China · Founded in 1988

Founded in 1988 and affiliated with China CITIC Group, CITIC Press focuses on business and economics, social sciences, literature and children's books, with common categories covering social sciences, finance, literature, Eastern philosophy and literary appreciation. Its library holds 91 titles, including Yuval Noah Harari's Sapiens trilogy, Thomas Piketty's Capital in the Twenty-First Century, Wu Xiaobo's Thirty Years of Strife: Chinese Enterprises 1978–2008, Nelly Sachs's The Weight of Butterflies: Selected Poems of Nelly Sachs, as well as New Interpretations of the Analects and Chiang Hsun's lectures on Dream of the Red Chamber. Its authors and translators include Lin Junhong, Ba Shusong, Chen Li and Chang Fen-ling. Overall, the press introduces influential works in finance and social sciences while balancing classic translation and local appreciation in literature and Eastern philosophy, combining academic depth with accessible reading.

Contents

  1. 版权信息
  2. 序言 告别“恶之花”
  3. 前言 关于庄家的思考
  4. 亿安系 100元的故事
  5. 聚首:庄家们的秘密约会
  6. 谋局:如何缔造亿安神话
  7. 炒作:真正的好戏还在后头
  8. 崩盘:繁华过后一地鸡毛
  9. 斯威特系 一场没有节制的游戏
  10. 发迹:小发明成就大企业
  11. 梦想:金陵城里的“帝国梦”
  12. 鼎盛:并购催生斯威特系
  13. 并购:天下英雄尽入毂中
  14. 危机:“十桶七盖”难自圆
  15. 崩溃:四面楚歌暗淡收场
  16. 庄技观察
  17. 档案存底 严晓群的财技解读
  18. 泰跃系 灰色富豪的资本魔方
  19. 春风来袭:泰跃从哪里诞生
  20. 移步股市:向资本市场要钱
  21. 南征北战:两年内并购四家
  22. 战略转型:泰跃的最后之舞
  23. 庄家心态:道德底线的考量
  24. 鸿仪系 湘军传奇
  25. 积蓄:潜伏在湖湘大地
  26. 收购:资本湘军的崛起
  27. 整合:一个莫测的骗局
  28. 应谶:太阳之下的彩虹
  29. 崩盘:鸿仪拼图支离破碎
  30. 鹏润系 大而不倒
  31. 一个广东人的北漂故事
  32. 资本市场里的新兵
  33. 黄光裕迷上资本运作
  34. 狂野国美
  35. 43个涨停板引发的灾难
  36. 农凯系 上海往事
  37. 第一桶金:金融圈的“公共饭堂”
  38. 保卫港股:以身涉险终成巨富
  39. 农凯结构:三种方式打造系族
  40. 坐庄股市:农凯抢滩资本市场
  41. 首富真相:都是给人看的幌子
  42. 农凯出局:财务危机全面爆发
  43. 庄家末路:有关农凯的思与辨
  44. 涌金系 最后一个大佬
  45. 世家子弟:中国第一代红马甲
  46. 鏖战期市:金融奇才一战成名
  47. 资本炒家:从盲点套利到平台运作
  48. 世纪转型:实业领域崭露头角
  49. 造系成功:中国最后的资本系族
  50. 诡异结局:纵身一跃魂断涌金梦
  51. 日薄西山:涌金势力日渐衰微
  52. 档案存底 《写给我最亲爱的人们》
  53. 后记
  54. 【庄技解密】

FAQ

Is the content of this book outdated?
Although the book focuses on historical cases, the core issues it reveals—the characteristics of a "policy-driven market," human greed and fear, and the interplay between regulation and innovation—have enduring reference value. History does not repeat itself simply, but it often rhymes.
What is the background of author Chen Siwen? Is the narrative objective?
Chen Siwen is a veteran financial journalist who has worked for several well-known financial media outlets. The book is based on a large volume of public materials, reports, and interviews; its style is documentary and analytical, aiming to present facts and logic rather than subjective conjecture.
Is this book suitable for investment beginners?
It is suitable as "post-beginner" deeper reading. It does not teach how to buy or sell stocks, but it helps beginners develop respect for the complexity of the market and understand the historical roots of risk—an important supplement of "soft knowledge" beyond technical analysis.

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About the author

陈斯文 Author

Chen Siwen is an author about whom limited public information is available. Five of his works are known, spanning personal finance, management, business and economics, documentary writing, and politics. Judging from titles such as The Death of the Market Maker, Speculations on the Chinese Economy, and Hopes for China in 2020, he follows the operating logic of China's economy and the risks and direction of its capital markets, and tends to approach macroeconomic issues through conjecture and inquiry. A Different 25 Years: Schneider Electric's China Story reflects his interest in using corporate history as a lens for observing multinational companies' development in China. Those Who Went into Business in Those Years clearly belongs to documentary writing, turning its attention to ordinary people who entered business after reform and opening up. Overall, his writing moves between financial analysis and documentary narrative, stays close to reality, and addresses readers concerned with economic and social change.

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