Unknown to Qunxing Capital, including Fang Hong, they had just announced a 3 billion purchase plan, which confirmed their previous speculations. Film and television companies that hold the copyright felt that Qunxing Capital was eager to hoard copyrights.
Seeing that you are in such a hurry to purchase, you can further expand your benefits and take the opportunity to further raise the price.
Fang Hong had already considered this problem before, and naturally had a strategy to deal with it.
…
Today is Tuesday, March 31, which is also the last trading day in March. Affected by the negative impact of the sharp decline in US stocks in the external market last night, A-shares opened sharply lower today. The Shanghai Stock Exchange Index opened lower at 2313.88 points -1.87%, and fell half an hour after the opening. It expanded to -2.50%, and the index dropped to 2299.16 points, falling below the 2300 point mark.
The positions held by Fang Hong's personal securities account were cleared out at the opening of yesterday's Monday. At this moment, when the market index fell below the 2300-point mark, he once again filled the position and entered the market. He still held seven stocks in separate positions. It is also the heavyweight stock with the largest trading volume in the market.
The current amount of funds is not low anymore, but short-term operations can still be done by selecting large-cap heavyweight stocks with large trading volumes at the same time, but it is a bit troublesome.
Fang Hong plans to increase his personal account number to 1 billion within the year. If he wants to achieve his goal of 1 billion within the year without using leverage, he will have to do more arbitrage to avoid market declines and lock in profits. .
Just after the market index broke through the 2,300-point mark, it closed up in less than a minute, and started a trend of opening low and moving high.
After 10 o'clock, after falling sharply for half an hour in early trading and breaking out of the panic market, the two major indexes fluctuated and rose all the way.
When the market opened in the afternoon, the market continued to fluctuate higher, and the market index turned red one after another, which left investors who had cut their profits in early trading speechless.
As of the close, the Shanghai Composite Index closed up +0.64%, at 2373.21 points, with a turnover of 135.2 billion; the Shenzhen Component Index closed up +0.76%, at 8980.05 points, with a turnover of 61.4 billion, and the total turnover of the two cities was 196.6 billion yuan.
Big A opened so much lower today and ended up with a profit, which greatly surprised the investors.
Fang Hong's personal securities account significantly outperformed the index today, with a daily return rate of +3.10%, a net profit of 8.03 million yuan excluding transaction costs, and the account funds expanded to 267.18 million yuan.
We are still more than 700 million away from the goal of 1 billion, so it’s early.
However, Fang Hong is not too anxious. The A-share market this year will not be bad, and there is plenty of time. We have only completed one quarter now, and there are still three quarters to go. The market is also strong, and there is no problem of reaching 1 billion. big.
…
Shortly after the market closed, the village released a piece of blockbuster news about the GEM Index, namely the "Interim Measures for the Administration of Initial Public Offerings and Listings on the GEM". The "Interim Measures" clarified that the GEM listing and issuance thresholds remain unchanged. Two sets of listing financial standards are used.
Applications for issuance will be accepted after the relevant supporting work is completed, and the right to review the issuance belongs to the supervisory committee.
The first set of criteria for the issuer's financial status is: continuous profits in the past two years, cumulative net profits of not less than 10 million yuan in the past two years, and continuous growth. The second set of standards is: profit in the last year, with net profit of not less than 5 million yuan, operating income in the last year of not less than 50 million yuan, and operating income in the last two years with a growth rate of not less than 30%.
Investors are speculating on the specific launch time of the GEM. Some people speculate that it may be launched in the second half of this year. By then, there will be three major indexes in the two major A markets, namely the Shanghai Stock Exchange Index, the Shenzhen Component Index and the upcoming A-share market. GEM index.
At the same time, GEM belongs to the Shenzhen Stock Exchange.
However, Fang Hong knows that the GEM index will definitely not come out this year, and if nothing unexpected happens, it should land on the A-share market in June next year.
When this news came out today, many stock commentators began to talk about the GEM and benchmarked it against the Nasdaq Index. However, Fang Hong knew that there was a long way to go for the GEM index to benchmark against the Nasdaq Index.
…
In the afternoon, about an hour after the market closed, Fang Hong came to the headquarters of Star Capital.
"Brother Fang, you were right again." In the CEO's office, Hua Yu looked at Fang Hong and said, "As soon as the announcement came out yesterday, several leading film and television companies raised their prices today."
Fang Hong drank tea very calmly while listening to Hua Yu's report. The latter continued: "At noon, the people from the purchasing department reported to me that the six leading film and television companies, including Guangguang, had increased their prices. , saying that there are other buyers willing to pay a higher price, the implication is that the one with the highest price will get it.”
Putting down the tea cup, Fang Hong looked at Hua Yu with a smile and asked, "How much has it increased?"
Hua Yu replied: "Popular film and television dramas and classic film and television dramas have doubled from 50,000 per film to 100,000 per film. The smaller ones also have a huge increase. The overall average price increase has reached 72%. You see, they are treating Qunxing as a foolish son of a landlord and killing him as an easy scapegoat."
Fang Hong leaned back on the sofa, crossed his legs, and said with a smile: "Record it in the little black book. We will maintain the original quotation, neither increase nor reduce the price. If other content producers are willing to sell, we will buy it. As for those companies that are driving up the price. Just fight with them."
Hua Yu nodded.
Fang Hong immediately added: "Now that the test has been done, we can adjust our strategy. We are now actively preparing to purchase the online broadcast rights of foreign films in the Greater China market. We have released Hollywood blockbusters and classic films in the past two years." The price is RMB 150,000 per movie, and the price for classic old movies is RMB 100,000 per movie.”
Hua Yu suddenly had surprise written all over his face at these words. Fang Hong's decision was obviously a bit beyond his expectation, because Fang Hong had frankly said before why he couldn't buy foreign films.
So this changed his mind?
Seeing the surprised expression on Hua Yu's face, Fang Hong smiled indifferently and said slowly: "Don't be surprised, this time is also the other time, we only need to catch and release the major overseas entertainment companies and the major entertainment companies in the Mainland. , just think of the two as a seesaw.”
In short, in order to promote copyright protection in the future, it is okay for both internal and external parties to eat it, but not at the same time. Otherwise, it will be completely taken advantage of. At least one party's interests, internal and external, must suffer losses due to copyright issues before they can have the motivation to promote copyright protection. .
Fang Hong added: "Since the leading manufacturers in the Mainland want to sell my leeks at high prices, let's put them aside first and let's buy foreigners' things at a higher price than what they quoted. Let's do it. Their mentality, I just want to see if they are jealous or not, are they angry?"
Hua Yu couldn't help but laugh and said: "The seesaw effect, this move is indeed wonderful, but it is also quite damaging."
Qunxing Capital is really not short of money now, because the external market has made crazy profits. This time it made more money by going long than last time, because this time it used 856 million U.S. dollars to leverage 30 times leverage to go long. The current yield is +11.26%, which is still the number that the external market has plummeted in the past two days.
A rate of return of +11.26%, multiplied by 30 times leverage, is +337.8%. The absolute profit reached US$2.891 billion, which is equivalent to 19.7 billion in RMB. This is why Hua Yu never questioned Fang Hong's decision-making. .
The current asset size of the peripheral market plus the 10.2 billion previously repatriated is RMB 35.8 billion. In just over two months, Qunxing Capital has almost caught up with Huayang Group in terms of "begging" in overseas capital markets. The current total asset size is only more than 2 billion yuan away from catching up with Huayang Group's total asset size.
If you include Qunxing Capital's investment in the A-share market, it has surpassed Huayang Group 100%.
This terrifying rate of capital expansion made Hua Yongming repeatedly emphasize to Hua Yu that he must have a good relationship with Fang Hong. Whenever Qunxing Capital needs it, the resources that Huayang Group can provide will be provided without hesitation.
Hua Yongming now has no doubt that as long as the relationship between Huayang Group and Qunxing Capital and Fang Hong is consolidated, Huayang Group in the future will definitely aim for an asset scale of 100 billion.
But at this time, Hua Yu smiled and said: "I don't know how long those leading film and television companies that are driving up prices can last."
Fang Hong spread his hands and said nonchalantly: "I don't care how long he lasts, just follow the original quotation. It doesn't matter whether they sell or not, but as long as they sell, then we will buy enough in one go. We are not short of money, they dare to sell us Pay immediately."
Hua Yu nodded: "I understand."
Now that the copyright price has been raised, in other words, there is only one buyer, Qunxing Capital, in the market, and other online video websites, including Boss Jia, cannot afford it.
Because I can’t afford that price, I have no money!
Unless those film and television companies are willing to sell to Boss Jia or other video websites at a price of one to two thousand yuan/unit, but they obviously cannot sell it. Qunxing Capital quoted a price of 50,000 yuan/unit. Either they will not sell it, or they will definitely sell it. Star Capital.
Therefore, Stars Capital is sitting firmly on Diaoyutai and is not in a hurry at all.
…
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