Sitting in front of Li Xiaoteng, Li Yan sighed after listening to this and asked, "Now that you have begun to settle and liquidate, what is the overall return of the funds under the Lin Teng system?"

Li Xiaoteng said without thinking: "The rate of return after financial accounting is about 75 percent. ”

"The Lin Teng system is really powerful, so shouldn't you leave anything for this adjustment?, how do you bypass the industry regulations?" Li Yan asked Li Xiaoteng with a smile very directly.

However, the relevant provisions of ChinaAMC's current Measures for the Administration of the Operation of Securities Investment Funds clearly stipulate the requirements that must be met by securities investment funds in terms of investment ratio. For example, the fund experience clearly judges that the market is going to fall, and there are clear restrictions on wanting to reduce holdings.

For example, the minimum holding ratio of equity funds is 60%, and there is no restriction on the holding time of the fund under the fund law.

frowned, everyone knows that this kind of problem has already involved the core content. So Li Xiaoteng didn't answer Li Yan's question......

"If this question is not convenient to answer, then can I change the question?" Li Yanchong and Li Xiaoteng then asked a question.

Li Xiaoteng nodded slightly.

"Why are you willing to divide the Silver Seed Wine project for everyone to do? Some people say that you are gathering popularity, and some people say that you are accumulating achievements. I can't figure it out......" Before Li Yan finished speaking, Li Xiaoteng suddenly smiled.

"What are you laughing at?" Li Yan asked Li Xiaoteng in surprise.

Actually, these two points are the same thing, but they are indeed one of the main reasons. After Li Xiaoteng finished speaking, he glanced at Li Yan.

At this time, Li Yan seemed to have two big words "don't believe" written on his face!

"You're in a securities firm, but you also have securities qualifications, right?" Li Xiaoteng asked Li Yan rhetorically.

Although he didn't understand why Li Xiaoteng asked himself this, Li Yan still nodded and said, "Yes! ”

"There is one of the optional exams, securities investment funds, have you taken the exam?" asked Li Xiaoteng.

"Huh?" Li Yanleng paused for a moment and said with a wry smile: "The brokerage requires the basic knowledge of securities and securities trading that must be examined, and everything else is elective...... I just understood, but I didn't take the test. ”

Li Xiaoteng nodded clearly, and said with a smile to Li Yan: "A fund product holds shares of a listed company, and its market value shall not exceed ten percent of the fund's net asset value!"

As soon as he finished saying this, Li Yan was instantly stunned. Then I heard Li Xiaoteng continue: "The same fund manager, all the funds managed, the securities issued by a company shall not exceed 10% of the securities!"

Li Yan understood in an instant.

At this time, Li Xiaoteng still said: "We can only take 10% of the position for a single product under the Linteng system. All the funds of the Lin Teng system are counted together, and they can only get 10%. So, if I want to do this, the Lin Teng Department can only find someone to gnaw together!"

"Then everyone who wants to make a deal with you, the 100 million ticket money paid will be discounted into your profits, right? It is precisely because of this that you dare to leave the scene quickly?" Li Yan's voice was very calm, but there was a hidden sharpness in his words.

"I value credit more, but what Huaxia lacks at present is credit!" After Li Xiaoteng finished saying this, he gently picked up the teacup with his hand, took a sip of tea soup, and then said: "Since you have collected money, you must let everyone make money!"

"But you're running away, aren't you?" asked Li Yan.

"I'm just strategically reducing my holdings, if the Linteng system is all in it because of this adjustment. Who do you think will be able to make money with everyone in the future?" Li Xiaoteng's words instantly made Li Yan feel speechless and indistinguishable.

Looking at the embarrassed expression on Li Yan's face, Li Xiaoteng lowered his head with the teacup and blew lightly twice, then took a sip of tea soup elegantly and said, "This time the action is a little too fast, it naturally doesn't matter if the boat is good to turn around." But it's actually hard to get out of a body of Lin Teng's size, so I need to think of a way. ”

Li Yan's funds have left the market a lot, and the position is very light to be exact. At this time, when I heard Li Xiaoteng say this to myself, I couldn't help but feel secretly happy in my heart.

"I can't help you sell it, can I?" Talking ...... What can I do myself?" Li Yan asked Li Xiaoteng with a surprised expression.

"Of course, as long as you're willing to cooperate with me! After Li Xiaoteng finished saying this, he suddenly raised his hand and picked up the teapot and poured some water on the table.

Li Yan saw him use his index finger to check the water stains on the table and write four words: Sing short and go long.

For institutional investors, especially foreign institutions, it is a habitual operation method to go short and long.

Li Yan has learned some classic cases, such as Soros, a predator of financial capital, who once sang short of the Chinese economy. There is no reason for this, but simply based on the need for investment.

In the world, China's GDP growth rate is still among the highest. Although there are some problems, they are mainly in the stages of development. Soros, who once sang about the Chinese economy, gave the reason when he sang short. But at the same time, he also "slapped himself" and bought the Huaxia Postal Savings Bank.

Looking at it from another angle, Soros at least shows that he is not bearish on China's economy.

Li Yan grinned and said: "Did I say that you made a mistake? You are now going to reduce your holdings, and the current general trend is also falling." If you make a short song and go long, is this someone else a fool, or is you a fool yourself?"

"Hahaha......" After Li Xiaoteng's hearty laughter, he only heard him say: "Of course I can't be a fool! I think that after the Postal Savings Bank of China was successfully listed on the Xiangjiang Hong Kong stock market. Although the share price of the Postal Savings Bank only rose by HK$0.01 on the first day of listing, an increase of only 0.21%, the successful issuance and listing of the Postal Savings Bank in Hong Kong stocks still attracted the attention of many Chinese and foreign investors.

Li Yan is really clear about some details, such as the subscription of the Soros fund team.

Soros undoubtedly belonged to the kind of existence that bore the brunt of it at that time. Moreover, at that time, Soros said that "a hard landing of China's economy will inevitably exacerbate global deflation", and then in April, Soros also warned that the accumulation of bad debts in China's banking system would pose a risk to the global economy. However, Mr. Soros, who is keen to sing about the Chinese economy, quietly bought the Postal Savings Bank, and this self-slapping approach cannot but be eye-catching.