Fang Xinsheng was silent for a while and then asked: "How many chips have you bought?"
"Total more than 38 million." Mou Zhengxing replied.
"Give up!" Fang Xinsheng said, "The active funds in the market have been severely dispersed. Under the stock game, in this case, the sustainability of hot concept market will be greatly reduced. Look at the market trend, 'Internet Finance', 'Mobile Payment' These two major concept sectors may not be able to withstand the selling pressure and will fall back."
"Just give up like that?" Liu Xin beside Fang Xinsheng said in surprise.
Fang Xinsheng nodded and continued: "Since we know that the market continuity is not strong and the profit-making effect is weak, there is no need to invest in additional positions. Fortunately, our buying volume is not large. Even if the market in this line surges, If you fall back and trap people, you can close your position tomorrow and stop the loss immediately, and the loss will not be too big."
"Okay!" Liu Xin responded, and then sighed, "These institutions that engage banks and securities companies are really... failing at achieving success, and more than failing at failure!"
Fang Xinsheng stared at the continuously changing banking and securities sectors, pondered for a while, and said: "Looking at the buying performance of these two weighted sectors when they change, it feels like they are not necessarily the work of institutions!"
"It's not an institution?" Liu Xin looked puzzled, "Whose source of funds could it be?"
"Look..." Fang Xinsheng pointed to the stocks with the largest net inflows of main funds in the banking and securities sectors and said, "Those who are in charge of the vanguard are Huaxin Securities, Huatong Securities, Hua Guo Bank, Hua Commercial Bank, and Huajian Real super-cap core weights like banks and Huanong Bank."
"Not only are these stocks large in size, but their expectations are very limited."
“Even if institutions want to take advantage of concepts such as ‘fintech’, ‘digital finance’, and ‘digital economy’ to create a wave of speculation, or they are really optimistic about the future of the financial sector and increase their positions in this area, they will not Choose a stock that has very limited future expectations, a very large and heavy circulation market, and is not easy to raise or speculate on, right?"
"So, I think this is probably because the 'national team' is supporting the market."
"Zhengjin, Huijin?" Liu Xin asked in surprise.
Fang Xinsheng nodded slightly and continued: "It doesn't have to be China Securities Finance and Huijin, other 'big funds' are also possible. In fact, at this stage, the valuation of banks and securities has indeed reached the extreme position. If it is a long-term investment, It would also be a good idea to consider increasing your holdings in these two sectors.”
"The valuations of banks and securities have reached the bottom, but expectations have not been reached!" Liu Xin said, "These two major sectors, as weighted finance, are the vanguard sectors of macroeconomic recovery and market bullishness. Now the market The expectations for the bull market are quite pessimistic, and there is definitely no chance in the short term. As for the long term you mentioned, I don’t know how long this ‘long term’ is. I feel that there is definitely no chance in half a year or one year.”
In Liu Xin's view, the recovery of the macro economy and the change of the central bank's monetary policy.
At least they are calculated in terms of quarters and years.
Therefore, although Fang Xinsheng said that securities and banks are good choices as long-term investment directions at this moment, as someone who pursues excess performance and urgently needs to expand the company's asset management scale, he will not consider this limited flexibility. , and invest in sectors that are very heavy on incremental funds.
"Large capital investment does not care about the time period of half a year or one year." Fang Xinsheng said, "In any case, this should be a relatively good signal."
He believes that if the market's super main funds are at this position, they will increase their positions on a large scale to support the market.
That means the policy bottom line is here.
It also shows that the regulatory authorities are still very concerned and attentive to the gains and losses of the stock market near 2000 points, as well as the protection of the stock market.
"Hey, it's better not to ask for help."
While Fang Xinsheng and Liu Xin were talking, Mou Zhengxing, who was focused on executing trading orders, sighed: "Obviously, the popularity is on the GEM, small and medium-sized boards, and blue chips on the main board. Under the continuous decline and the continuous loss of money, there has been no one for a long time. If you pay attention, it will be difficult to create the sentiment and confidence of investors to go long.”
"If the funds used to attack securities and bank-heavy stocks are used on many stocks in the two major concept sectors of 'Internet Finance' and 'Mobile Payment' that have just accumulated a certain popularity base, and launch a sharp offensive, maybe at this moment The market has already formed a virtuous cycle."
"Speaking of which, isn't this a disservice? What is it?"
"Although the amount of funds of the 'National Team' is huge, the scope of buying targets is very limited." Fang Xinsheng said with a smile, "We need state-owned funds to enter the market to boost concept stocks in the GEM and small and medium-sized board directions, such as It’s like hot money speculation, it’s just a dream, it’s not realistic at all.”
As the three of them talked, the traders gave up and continued to buy.
On the market, the two leading conceptual sectors, 'Internet Finance' and 'Mobile Payment', have experienced interruptions in their commitments and the following mood of various funds has subsided, and the trend of shock and decline has become more and more obvious.
Finally, at 10:52, the originally blocked Jinzheng shares exploded.
At the same time, the closed orders on the daily limit boards of Yinjie Shares, Tianyu Information, Blue Sky Information and other leading stocks related to "Internet finance" and "mobile payment" have also begun to decrease rapidly, and the trend of the entire sector has fallen back from the shock. It turned into a rapid decline.
And at the same time...
There is a large amount of funds on the pallet, and the securities and banking sectors have risen rapidly.
Relevant weighted stocks, after attracting a large amount of funds from all walks of life that followed the trend, began to stagnate as sentiment on the GEM and small and medium-sized boards subsided, and the selling pressure on the market became heavier and heavier.
Then, wait until the time enters after 11 am.
Banks and securities also began to fluctuate and fall, gradually falling.
Finally, at 11:30, when the market closed at noon, the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index all fell back to close to flat from their highs.
in……
Although the two major conceptual sectors of 'Internet Finance' and 'Mobile Payment' still maintain the leading position in the two markets, the profit-making effect within the sector has been greatly reduced. Nearly half of the large number of investors who followed the trend in the morning have been trapped. , and the situation of the two major sectors with the highest 6 daily limit stocks has also fallen back to only two daily limit stocks, Tianyu Information and Yinjie Shares.
Faced with such a midday closing trend.
The majority of investors in the market were all sighing and felt that it was not as good as expected.
"Hey, I know that when banks and securities move, something bad will happen. I really don't understand. The market is still in a deep bear market, and the trading volume of the two cities is declining. At this time, what are the reasons for attracting securities and banks? what?"
"Who knows, it's just... it keeps falling!"
"Hey, although the index didn't fall much this morning, there were quite a few individual stocks that fell sharply!"
"I thought there would be a significant rebound today, but I didn't expect it to be so weak."
"It is estimated that the Shanghai Stock Exchange Index will reach 2,000 points again, and the lower support of the ChiNext Index is also near 1,000 points. It really goes back and forth year after year, but the index is still spinning in place."
"Although the index has almost fallen back to its original point compared to June last year, the net value of my account has reached a new low. Alas... I really shouldn't blindly add positions in early December."
"A good start, but it looks like there is no hope."
“The downtrend pattern is the most frustrating. At this time, it’s better to go short!”
"Just wait for the index to bottom out. If the bottom is 2,000 points, there won't be much room to fall."
"The index may not have much room to fall, but individual stocks may not. For example, since the beginning of December, the index has fallen by only 10% in one month, but many popular GEM stocks have retreated by 30% to 50%. It’s tragic.”
"It feels like we still need to avoid high-priced and popular stocks that were heavily hyped in the early stage."
"Many low-priced tickets are also miserable. They are running wildly on the road to record lows."
"Despite this, it is no longer appropriate to close the position and stop the loss at this time. Hey, let's hold on... We can only wait for Mr. Su from 'Wealth Road' to appear on the Dragon and Tiger List before covering the position. "
"Yes, if Mr. Su doesn't show up, this situation... I think it will be difficult to stabilize."
In the discussion that many retail investors are still relatively pessimistic...
After the market opened at 1 o'clock in the afternoon, the market's ability to take over began to further weaken, and the selling on the market became heavier than in the morning.
Subsequently, as selling increased, buying decreased in two ways.
The Shanghai Stock Exchange, Shenzhen Stock Exchange Index, and ChiNext Index all slipped underwater again, and as time went by, they gradually formed a unilateral downward trend.
Finally, the market closed at 3 p.m.
The Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index all closed down more than 1%.
Among them, due to the positive influence of the holiday, the concept sectors related to 'digital finance' and 'digital economy' that were hotly speculated by active funds in the market in the morning, as well as their popular stocks, have all gone out of the trend of rising and diving. Of course... in this kind of situation... In the trend of rising and falling, only in terms of closing results, the two major concept sectors of 'Internet Finance' and 'Mobile Payment' are still at the forefront of the growth lists of concept sectors in the two cities.
In addition to the poor performance of the index...
Compared with the past few days in late December, the transaction volume of the two cities has increased, but it is still below 100 billion.
Faced with such closing results and the market that suffered a sharp decline on the first trading day of the new year, the long sentiment and long expectations that had recovered during the New Year's Day holiday suddenly collapsed and disappeared, and the entire market Major investment forums, communities, and various places where retail investors gather are once again shrouded in pessimistic expectations and opinions.
Of course, when retail investors and hot money are hit by market trends, their views on the market outlook are once again pessimistic.
Major financial media, financial institutions, and well-known financial influencers still insist on singing the bullish tune, repeatedly emphasizing that the overall market valuation is at a historically low level, with great investment value, and once again the Shanghai Composite Index has reached 2,000 points. , is the slogan of the historical bottom and the starting point of the bull market.
pity……
No matter how the media, institutions, and big Vs encourage or sing too much.
A market that lacks new major positive incentives and continued money-making effects is still unable to attract more retail investors to participate, and it is unable to attract more incremental funds to enter.
So, in this case.
In the next week or so, all major indexes continued to decline, breaking out of a downward trend of continuous shrinkage and moving towards the 2,000-point mark step by step.
In the past week or so, market hot spots have been lackluster.
The concepts of 'digital economy' and 'digital finance' proposed by Su Yu at the 'Financial Summit' at the end of the year were speculated in the market for only two or three days before completely disappearing.
Of course, in the meantime.
Su Yu and his 'Yu Hang Investment' trading teams.
There is no new layout for the market. The re-closed 'Yuhang No. 1' fund and 'Yuhang No. 2' fund still maintain a low position of about 15% in accordance with Su Yu's investment strategy a year ago. The operating situation, on the one hand, copes with the continuous correction of the market, and on the other hand, it also allows traders to borrow low fund positions during this period to fully exercise their market sense and market analysis capabilities.
And during this period...
He, Xu Zhongji, Xu Xiang, and Gao Tianhe were determined to participate in the "Leixun Precision" private placement plan.
We made an appointment in Guangdong and met with the two brothers Wang Laichun and Wang Laisheng, the founders and actual controllers of the 'Lixun Precision' Group, and finally finalized the 3 billion fixed increase plan for 'Lixun Precision'.
According to the final negotiation between the two parties.
Brothers Wang Laichun and Wang Laisheng promised to price according to the market, that is, the average price of the market for 20 trading days after the release of the fixed increase plan will be the benchmark, and a 10% reduction will be the final fixed increase price.
After the discussion, on January 13, Lixun Precision Group held an extraordinary general meeting of shareholders.
The fixed increase plan was reviewed and approved and will be submitted to the China Securities Regulatory Commission for review on the second day.
After 'Lixun Precision' disclosed its private placement plan to the market and learned that the planned increase price would be significantly lower than the market share price, investors on the floor immediately voted with their feet and sold off the stock price of Lexun Precision in large quantities.
However, on January 20, the China Securities Regulatory Commission approved the private placement plan reported by 'Lixun Precision'.
When the market learned that the institutions participating in the private placement were actually 'Yuhang Investment' Fortune Road and 'Zexi Investment' Jiefang South Road, they couldn't help but collectively burst into an uproar, and then began to frantically rush to raise the stock price of 'Leixun Precision', causing In the last ten trading days before the Spring Festival, 'Lixun Precision' has gone through the extreme bottom and continued to violently rise. It has become an extremely beautiful landscape in the market before the Spring Festival. At the same time, it has also driven the sideways trend. The 'Apple industry chain' and the entire 'smartphone industry chain' related stocks have been correcting for a long time.
And on the same day...
Tianqi Lithium's overseas acquisition campaign of 'Talison' has also come to an end.
In the end, Apocalypse Lithium spent 3.1 billion to acquire 51% of the shares of Talison. Later, in the continuous bidding between the two parties, taking into account the continued surge in acquisition costs, 'Knockwood' chose to acquire 24% of the shares. In addition to exiting, as for "Yuhang Investment", which borrowed the help of Tianqi Lithium to acquire the shares of "Talison", it spent 1.26 billion to acquire 16% of the shares of "Talison" and helped Tianqi Lithium complete the acquisition of "Talison". Sen's absolute holding.
After completing the 1.5 billion loan commitment to Tianqi Lithium and the share acquisition of 'Talison'.
Originally, the company had 3.532 billion remaining funds during the ex-rights ex-diversion of the net value of the 'Yuhang No. 1' fund, but now only 772 million is left.
Moreover, this 772 million fund will also deduct the 32 million reserved year-end bonus for employees.
Therefore, after this large investment at the end of the year, the company's remaining cash flow from the net value of the 'Yuhang No. 1' fund was only 740 million.
Of course, this includes the unused operating cash that Su Yu had previously borrowed from the company.
The company's remaining available cash flow is only 760 million, even if it is fully calculated.
Facing the remaining cash flow of only 760 million, Su Yu felt that the use of funds previously agreed with everyone, as well as the company's follow-up operation plan, were naturally no longer available and had to be adjusted.
So, after taking stock of the financial data…
He reconvened the company's core management and the company's three shareholders, including himself.
New adjustments have been made to the company's subsequent development strategy.
According to the new adjustment, he transferred 500 million funds to the company's "Equity Investment Department" special investment fund account as the company's subsequent primary market equity investment fund reserve. The remaining 260 million was deposited in the company's financial account as the company's subsequent equity investment fund reserve. Ordinary expenses and all operational needs.
