That afternoon.
"The seven public fund companies that have been identified have finalized the issuance of hybrid stock funds with the theme of 'Galaxies' and have completed fundraising." Jingxin lives in the villa, and Tian Jiayi is thinking about Fang Hong's report.
Fang Hong stretched out his hand and said, "Let me take a look at the specific public-funded institutions."
Tian Jiayi immediately handed him the document in his hand, and the latter took a quick look at it. These public fund companies were all famous. According to the scale of fund management, the weakest one was also ranked sixteenth.
There is no doubt that the participation of public funds is one of the important links in Fang Hong's strategic plan to create an "independent valuation system for subsidiaries of clusters", and public funds must not be absent.
It is worth mentioning that Qunxing Capital itself is not a public offering institution, nor does it have a public offering fund license.
Because doing business in this area requires disclosing too much information, which is inconsistent with the current strategic plan of Star Capital, many important information of the company cannot be disclosed to the outside world at the moment.
It is too sensational and should not be displayed to the outside world. This is also the most critical reason why Qunxing Capital does not go public.
However, we don’t do public fundraising business now, but that won’t happen in a few years. If we don’t do it ourselves now, we can cooperate with other public fundraising companies.
These seven public funds can issue hybrid stock funds with the theme of "Galaxy", which means that they have also established long-term and in-depth cooperation with Galaxy Capital. In fact, they can do it without cooperation. After all, no one stipulates that they cannot buy the listed subsidiaries of Galaxy Capital. stock.
The most critical point here is whether we can get a full commitment from Qunxing Capital. To put it bluntly, we are still doing market value management. To put it bluntly, it is actually about the distribution of the profit cake.
Without this complete commitment, others would not dare to play.
It's that simple.
At this time, Tian Jiayi on the side said thoughtfully: "Judging from the recent trend of Yixing Video, the problem of capital grouping cannot be ignored. We need to build an independent valuation system for the subsidiaries of the group. These stocks are going up." Once the long-term bull trend continues, once there is a money-making effect, funds from all walks of the market will be siphoned here, forming a grouping effect of funds that is inevitable, causing the valuation bubble to skyrocket wildly and even get out of control. How to solve this potential problem? "
The phenomenon of capital grouping is too common in the market, especially Fang Hong, who is a time traveler and reborn, is more aware of it, such as the heavy-weight blue-chip grouping in early 2018 and the heavy-weight blue-chip grouping in 2020.
When it goes up, there is a rush to push up asset prices, giving people a feeling that the sky will always be the end of the rise. When it goes down, they break up and the crowd breaks up and smashes each other to get out of the stock market disaster-level market, and core assets are cut in half at every turn.
History is always such a cycle, and the only thing that remains unchanged is eternal human nature.
When Fang Hong heard what she said, he smiled and said calmly: "It's not easy to work together to raise asset prices, but it's too easy to bring them down. There are ten thousand ways. But they are all about speculation in galaxies. Isn’t the company’s stock exactly what we are pursuing by creating an independent valuation system?”
After a pause, Fang Hong put the document aside and added: "After the listing of the subsidiary of Qunxingxing, how will other funds play and how will we interfere too much? We will internally determine the rising trend range of this stock. Just draw the line for me, and then let them play the game according to their own abilities."
To put it bluntly, Qunxing Capital plays the role of an "invisible referee". It draws a few lines to outline a trend range for the stock price trends of its listed subsidiaries. The first basic element is to follow the rising trend. Long bull, and then short-term price fluctuations, all kinds of funds will play within the scope framed by Qunxing Capital, the "invisible referee".
Within this framed trend range, various funds can do whatever they want. If it goes beyond the framed range, then the "invisible referee" of Qunxing Capital will intervene.
Of course it is not a direct intervention, but there are ways.
If there is serious capital clumping and the asset price is seriously deviating from the set range, then bring it back to the set range and make money in tears; if the asset price is seriously oversold, then bring it back to the set range and by the way I copied the bottom with tears in my eyes.
It can be said that the price trend of the listed subsidiaries of Qunxingxing, whether it rises too high or falls too hard, is a redistribution of wealth, because wealth cannot evaporate out of thin air, it is just harvested and taken away. The pocket has just been moved to another pocket.
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So here comes the question, with the independent valuation system of Qunxing, how can the stock trends of these listed companies support Changniu's steady rise without collapse?
Is it just that the underlying assets are of high quality?
This logic alone cannot support it. The key is liquidity. To put it bluntly, the most essential core logic is that Star Capital has harvested wealth from all over the world and supported their long bull trend.
The wealth harvested by Stars Capital from all over the world is reflected in these listed subsidiaries, reflected in the rise in asset prices and stock prices.
It is equivalent to using these core high-quality assets as anchors in a sense, just like houses. A large amount of newly issued currency is retained in the property market and becomes a reservoir, which is reflected in the high housing prices, and everyone agrees with it. This logic.
In the same way, the wealth harvested by Qunxing Capital from all over the world is reflected in the stock prices of these listed subsidiaries and becomes a reservoir of wealth. The stock prices of these listed companies will grow steadily.
And it has sufficient liquidity. Even if the stock has trading volume and turnover rate, it can be cashed out at any time and the stock price will not be too high.
As the listed subsidiaries of Qunxing continue to rise and follow the bullish trend, over time, their logic will be recognized like a house, that is, everyone is willing to hold the stocks of the listed subsidiaries of Qunxing to maintain and increase their value.
When faced with large-scale selling due to emergencies, Star Capital, the "invisible referee", will come out to support the market and provide super-abundant liquidity for these stocks.
You can smash the market at will, and I will take whatever you smash. If you can make the stock price collapse, I will lose.
Will Star Capital become the takeover?
Of course not, because after the panic disappears, those funds will eventually come back, especially the big funds, otherwise where can they go?
There are pits everywhere outside. Looking around, it is the safest and most reliable place in the galaxy. It cannot fall even if it is hit.
Then the funds will slowly flow in again, and at this time, Stars Capital will just change hands and give them the chips it took over, not just ship them to them, because if they take over, they will not raise the price for them to take over.
Otherwise, this independent valuation system cannot be built, and others will not come to play. Stars Capital only needs to stabilize the stock price, not seek profits, and recover the capital costs incurred when undertaking the project.
It can be seen that Qunxing Capital actually plays the role of a real "fixing star" and "ballast stone" in it, providing strong confidence support when the market falls into panic. At that time, confidence is said to be more valuable than gold. Expensive is no exaggeration at all.
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