ATIC will continue to invest US$1 billion (including US$800 million in TG entrusted financial management) to purchase the above-mentioned stocks, with an investment ratio of three to seven in traditional blue chip stocks and emerging technology stocks.
The years from 1995 to 1999 were the five years when Internet technology stocks created bubbles, and the investment focus tilted toward the Nasdaq stock market.
Today is also the delivery day for the October Nikkei stock index futures contract.
The Nikkei Index opened at 19,800 points, opening 100 points higher. Under the pressure of profit taking, the market quickly filled the gap. It fluctuated up and down at the opening point most of the time. After the opening in the afternoon, the main force sounded an upward attack. The market soared to 19,900 points before pulling back in late trading to close at 19,800 points, up 100 points or 0.5%. The trading volume was 20% larger than yesterday.
The volume increased slightly!
Because he couldn't clearly see the Nikkei stock index futures in 1993, Sun Jian never took action after completing the delivery of the October 1992 contract. The Nikkei index rebounded from the lowest point of 14,700 points in August 1992 to 1994. The highest point in June was 21,400 points, and it rebounded by 6,700 points, an increase of nearly 50%!
The cautious Sun Jian missed the nearly 50% retaliatory rebound in Nikkei stock index futures!
Sun Jian is not a stock god!
On November 1 last year, Chen Huamin, head of the Nikkei Futures Investment Department, followed Sun Jian's instructions and invested US$20 million to short the October Nikkei stock index futures contract, increasing leverage by 10 times.
As of today's close, the Nikkei rose 270 points, or nearly 1.4%.
In November last year, the Nikkei index fluctuated around 19,500 points. Sun Jian thought the rebound was over and shorted the October Nikkei stock index futures contract, which he did in the opposite direction, resulting in a book loss of more than US$3.4 million (including handling fees)!
The myth of the stock god has been broken one after another!
Once the futures move in the opposite direction, there will be no time to close or cover the position, and the position will be forced to be liquidated. The risk is extremely high!
The lost twenty years will not change because of the emergence of rebirths. The trend of the Nikkei index falling below 8,000 points will not change. There is still more than 11,000 points of room for decline!
It rebounded, fell, rebounded again, fell again...
After the Nikkei stock index futures experienced this round of retaliatory rebound of nearly 50%, the opportunity to significantly short the Nikkei stock index futures came.
The reborn investor invested US$50 million and continued to short the October Nikkei stock index futures contract, increasing leverage by 10 times.
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On October 28, the Hang Seng Index closed at 9379 points, up 75 points throughout the day. Chen Huamin, Minister of the Futures Investment Department, was ordered to conduct an inspection on the Hang Seng Index futures June contract at the closing point of 8758 points on the delivery day of June 30. For delivery, wait until the Hang Seng Index falls below 8,000 points before entering.
Li Dong, the director of the stock investment department, cleared his position at a high of 12,000 points, and later followed TCG's listing, making a rebound in the market. The overall profit in his account was more than 240 million Hong Kong dollars, and he is now waiting for opportunities.
The stock proprietary business led by Guo Jingdong, deputy general manager of HTIC Securities Company, is the same as Li Dong's operation, with a profit of more than 270 million Hong Kong dollars.
HTIC Securities Company is a subsidiary of HTIC Holdings. The daily operations of the securities company are under the responsibility of General Manager Wang Linbo, Deputy General Managers Guo Jingdong and Huang Hongqing. Chairman Wang Dongming is not responsible for specific affairs.
Institutions and large investors in the three business departments believed in the VIP investment report and avoided nearly 40% of the losses. They spread the word to tens and hundreds of people, and their reputation in the industry became great. Institutions and large investors opened accounts at HTIC Securities Company, located in the fourth branch of Central. The business department of HTIC Securities Company is under renovation.
Sun Jian also does not know the trend of the Hang Seng Index in July, nor is he familiar with the trends of global oil, metal, grain, coal and other futures. He will not interfere with the futures and stock operations of professional teams such as Guo Jingdong, Chen Huamin and Li Dong (except for the Hang Seng Index). Index, Nikkei, Dow Jones and Nasdaq stock index futures).
All employees of the HTIC Stock Investment Department use a bi-monthly rotation method to conduct on-site trading in the large offices of the Jinghai Sales Department of Shanghai Wanguo Securities and the Hongli Road Sales Department of Pengcheng Southern Securities, conduct in-depth research on listed companies, and conduct on-site inspections of listed companies. production and operation status, familiar with the investment mentality of domestic large investors and retail investors, and writing company research and analysis reports to prepare for the establishment of HTIC investment consulting (Shanghai, Pengcheng) companies next year.
Policies now do not allow the establishment of private securities companies, and private equity funds are also illegal. Foreign capital can enter the domestic market by establishing Sino-foreign joint venture securities companies (state-owned holdings).
HTIC's account contained 3 billion Hong Kong dollars (US$386 million) entrusted by TCG for financial management. When the Hang Seng Index fell below 8,000 points, it entered the market in a big way.
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"Hello, Mr. Sun!"
"Hello, Mr. Sun!"
On the morning of November 21, Sun Jian came to Kunpeng Software Research Institute, knocked three times, and pushed open the door of the director's office of the Application Software Development Institute. Director Liu Xiaokun and deputy director Ye Jin stood up hurriedly.
Liu Xiaokun and Ye Jin are both married. Liu Xiaokun's son Liu Jiacheng is three years old, and Ye Jin's daughter Ye Mei is two years old. They are unwilling to deal with businessmen and local officials, and neither of them is willing to go out to lead a research institute. The development department of the research institute is It became a software development institute.
The director and deputy director of the Software Development Institute are both candidates to lead a local Kunpeng Software Research Institute.
Programming at work, reading and playing games after get off work, and when encountering unsolvable R&D problems, Dean Yan only needs to hand them over to Liu Xiaokun and Ye Jin, two generals who are leading the charge. In time, the bottleneck will be broken.
"Xiao Kun, how many shares did you sell?"
November 18 (Friday), U.S. time, is the trading day for the listing of allotment shares (5,752,000 shares) held by PENG employees on Nasdaq. Sun Jian learned from the fax sent back by Li Huabin on the 19th that ATIC 5.677 million shares were entrusted to be sold, accounting for 99% of the total employee allotment.
Stay safe!
On the 17th, affected by the listing of more than 5.7 million allotment shares on the 18th, PENG fell by US$1.35 and closed in US dollars.
On the 18th, PENG fell another US$0.61 and closed in US dollars.
The average transaction price of 5.677 million shares was US dollars!
Sun Jian did not think that the company's management and ordinary employees were short-sighted, so he sold 5.677 million shares (2.94% of the total share capital) and cashed out more than US$177.803 million.
Due to the reciprocal income tax exemption agreement between China and the United States, investors who open an account with a mainland ID card, called an international account, do not need to pay capital gains tax on the profit from trading the difference between U.S. stock prices. If they are stock dividends and dividends, they need to pay 10% of the dividend. U.S. citizens must pay dividend tax (5%, 10%) and profits tax (5% to 28%) on the profit from trading U.S. stock prices.
After trading U.S. stocks with an international account, you don’t need to pay taxes when transferring funds back, you only need to pay the transfer fee.
After this cash-out, 14 multi-millionaires and 147 millionaires were born among the management!
The shares held by foreign investors in PENG increased from 31.8% to 31.8%.
The 10,000 shares held by the Employee Stock Ownership Association of Taobao Holdings and the 70.875 million shares held by the Kunpeng Education and Poverty Alleviation Foundation are locked for two years and will be listed for trading on November 20, 1995; the 10,000 shares held by Taobao Holdings The shares are locked for three years and will be traded on November 18, 1996.
During the original share reform, 14 people including Yan Yuanchao, Liu Xiaokun, Qiu Zhongjun, Ye Jin, Zhu Jianjiang and Liu Zhenhua were allotted 100,000 shares each as if they had agreed. Before PENG went public, the shares were reduced at a ratio of 2:1 to 5 Thousands of shares.
"Hey...Mr. Sun, I sold 45,000 shares, leaving 5,000 shares."
"Ye Jin, how many shares did you sell?"
"Hehe...Mr. Sun, I also sold 45,000 shares, leaving 5,000 shares."
"Congratulations on becoming multi-millionaires!"
Cashing out 45,000 shares is more than 1.453 million U.S. dollars. According to the official price, 1 U.S. dollar is exchanged for 8.6187 yuan, which is equivalent to more than 12.52 million yuan!
"Hey...thank you, Mr. Sun!"
"Thank you, Mr. Sun!"
In the eyes of Liu Xiaokun and Ye Jin, Sun Jian is a reborn parent and idol, and has changed their lives.
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