"I'll show you an indicator!" Li Yan turned around and picked up a folded document that had just been printed from the side, combed it with his hand, and put it directly in front of Yang Muye, Dao Jianxin and others.

There is only one document, and several people want to read it, but no one is embarrassed to openly compete in front of Li Yan and be the first to pick up the document!

Li Yan was secretly satisfied in his heart, but he still continued without leaking: "Well, what I said above is clearer. This is the buyback amount data from Hang Seng. ”

"Repurchase?"

"Hengshang's buyback?"

Yang Muye and Dao Jianxin muttered at the same time, and brothers Wang Qiling and Wang Qihua pursed their lips, and neither of them spoke. Bi Peilin, who was on the side, frowned and asked Li Yan in a bit of confusion: "What's the situation?!We are not investing in Hang Seng's listed companies, what do you mean by showing us Hang Seng?"

Li Yan, who didn't respond to Bi Peilin at all, stretched out a finger and pointed to the documents on the desktop and said: "Stock buybacks are relatively common in Hong Kong stocks and U.S. stocks. Generally, it is interpreted as a bottom-buying behavior of listed companies when their stock prices are too low. It can also be regarded as a kind of feedback to shareholders. ”

Everyone looked at Li Yan and didn't speak, and they didn't seem to understand why he took out the repurchase data of the Hang Seng Index to show everyone.

Looking at everyone, the corners of Li Yan's mouth curled and said with a smile: "I'll give you some simple questions about the overall repurchase situation on Hang Seng's side, maybe you will understand." ”

"Where did this data come from?" Dao Jianxin leaned over and looked at the documents on the desktop, frowned and muttered softly: "Is this the data from the official website of the Xiangjiang Stock Exchange?"

Li Yan nodded and said: "Yes, this is to collect the stock repurchase data of each trading day since the market opened at the beginning of this year, from which I have eliminated the suspected errors or duplicate data, and conducted a statistical analysis." Not far away, in the near future, the total amount of repurchase from Hang Seng has reached more than 22 billion Hong Kong dollars. It's already approaching the buyback data for the first nine months of last year. ”

"So...... Are you at a high position in history?" asked Dao Jianxin.

Li Yan nodded and said: "Yes, judging from the repurchase amount over the years, from 2015 to the present, the repurchase amount on Hang Seng's side has actually been at a historical high. The total amount of buybacks each year is more than 22 billion. ”

Dao Jianxin sighed, and suddenly continued to Li Yan: "Now...... When has it been now, and has it already broken the historical average?"

It is not surprising that Dao Jianxin, who pays less attention to the Hang Seng Index, especially the repurchase of Dao Jianxin, who has not paid much attention to it at all, is so strange at this time.

Li Yan nodded and said, "Yes, the repurchase amount since the beginning of the year has exceeded 22 billion Hong Kong dollars. If nothing else, it is likely that the repurchase amount this year will exceed that of last year, setting another record high!"

"Judging from historical data, the strength and speed of buybacks of listed companies are closely related to the overall trend of the market. Actually, I would say that not only this year, not only now this month has set a new high in almost a decade. I noticed that in July, there was a monthly repurchase amount of 10.5 billion on the Hang Seng side. After saying this, everyone silently lowered their heads.

Hang Seng is frantically buying back, while the capital market in China's inland is opening the floodgates to promote the issuance of IPOs. And at every turn, a big unicorn came out, and tens of billions of market funds were swept away in an instant.

"Then did you observe the monthly repurchase data of Hang Seng and found any problems?" Yang Muye asked curiously at Li Yan.

Li Yan smiled, pointed to the data on the desktop and said: "You can take a look, I found that the first repurchase wave of Hang Seng appeared after the financial crisis of 2008. And the second wave of buybacks also started in 2015, before Hang Seng officially went bullish last year!"

"What does this mean?" Bi Peilin still didn't quite understand Li Yan at this time.

Li Yan blinked and said: "As Hang Seng continued to rise in the second half of 2017, the monthly repurchase amount immediately showed a downward trend. If we add the impact of an annual report season, the monthly repurchase amount from January to March this year is actually no more than 700 million. ”

When Dao Jianxin heard this, he couldn't help but pick up the data from the desktop. Flipping through the data, Dao Jianxin's face changed slightly. If there is anything that you can see at first glance, it must be the small climax of Hang Seng repurchase in this data from May.

The string of numbers is a bit thrilling, and Dao Jianxin noticed that the buyback amount from June, July and September all exceeded the figure of HK$2 billion. As far as his eyes could see, there was a specific company repurchase in this data, and Dao Jianxin subconsciously licked his fingers and opened the second page of the document.

"As of the end of August this year, a total of 140 listed companies on the Hang Seng side have repurchased their shares. In September, this figure showed a blowout growth, and the value even showed a linear increase. Especially in the first eight months, Red Star Macalline topped the repurchase list with a repurchase amount of 5 billion Hong Kong dollars. Li Yan paused while speaking, and as if he thought of something, he directly poked the monitor screen next to him and continued: "Last year...... At the top of the repurchase list is Cheung Kong Group's HK$7 billion. ”

"Pay attention to this, does it have anything to do with us?" Wang Qiling also couldn't help but ask Li Yan. In fact, in his opinion, some things are still simple and clear, which is the best.

"If there is any inevitable relationship, then I say that Huaxia's Evergrande has entered the top three list for five years and eight months in a row, and this year it ranked second. From four years ago to today, it is a figure of about 5 billion yuan every year! According to the classification of the Hang Seng industry, real estate construction is still a big buyback. In the first eight months of this year, the total number of repurchases exceeded the 100 million integer mark. Li Yan was about to continue, but Wang Qihua on the side suddenly choked up and asked, "What does these buybacks mean?

"Don't worry!" Li Yan directly comforted Wang Qihua and continued: "In addition, the industries with a repurchase amount of more than 2 billion Hong Kong dollars are the consumer service industry and the information technology industry. ”

Wang Qihua thought for a while and said, "You mean, the varieties we invest in should be regarded as consumer services, right?"

So I think one of the big boosters for the current round of U.S. stocks is actually the huge buybacks of big blue chips. Hang Seng's bull market last year was also kicked off by a large number of buybacks, mainly by real estate companies. Li Yan sighed secretly and said: "I don't know if the listed companies that repurchased Hong Kong stocks can succeed in buying the bottom this time, but I thought of a good way from their behavior!"

"Good way, Hengsheng, good way?" Bi Peilin came to Li Yan's side, and after muttering a word, Li Yan's eyes changed a little differently.

........................

"I'll show you an indicator!" Li Yan turned around and picked up a folded document that had just been printed from the side, combed it with his hand, and put it directly in front of Yang Muye, Dao Jianxin and others.

There is only one document, and several people want to read it, but no one is embarrassed to openly compete in front of Li Yan and be the first to pick up the document!

Li Yan was secretly satisfied in his heart, but he still continued without leaking: "Well, what I said above is clearer. This is the buyback amount data from Hang Seng. ”

"Repurchase?"

"Hengshang's buyback?"

Yang Muye and Dao Jianxin muttered at the same time, and brothers Wang Qiling and Wang Qihua pursed their lips, and neither of them spoke. Bi Peilin, who was on the side, frowned and asked Li Yan in a bit of confusion: "What's the situation?!We are not investing in Hang Seng's listed companies, what do you mean by showing us Hang Seng?"

Li Yan, who didn't respond to Bi Peilin at all, stretched out a finger and pointed to the documents on the desktop and said: "Stock buybacks are relatively common in Hong Kong stocks and U.S. stocks. Generally, it is interpreted as a bottom-buying behavior of listed companies when their stock prices are too low. It can also be regarded as a kind of feedback to shareholders. ”

Everyone looked at Li Yan and didn't speak, and they didn't seem to understand why he took out the repurchase data of the Hang Seng Index to show everyone.

Looking at everyone, the corners of Li Yan's mouth curled and said with a smile: "I'll give you some simple questions about the overall repurchase situation on Hang Seng's side, maybe you will understand." ”

"Where did this data come from?" Dao Jianxin leaned over and looked at the documents on the desktop, frowned and muttered softly: "Is this the data from the official website of the Xiangjiang Stock Exchange?"

Li Yan nodded and said: "Yes, this is to collect the stock repurchase data of each trading day since the market opened at the beginning of this year, from which I have eliminated the suspected errors or duplicate data, and conducted a statistical analysis." Not far away, in the near future, the total amount of repurchase from Hang Seng has reached more than 22 billion Hong Kong dollars. It's already approaching the buyback data for the first nine months of last year. ”

"So...... Are you at a high position in history?" asked Dao Jianxin.

Li Yan nodded and said: "Yes, judging from the repurchase amount over the years, from 2015 to the present, the repurchase amount on Hang Seng's side has actually been at a historical high. The total amount of buybacks each year is more than 22 billion. ”

Dao Jianxin sighed, and suddenly continued to Li Yan: "Now...... When has it been now, and has it already broken the historical average?"

It is not surprising that Dao Jianxin, who pays less attention to the Hang Seng Index, especially the repurchase of Dao Jianxin, who has not paid much attention to it at all, is so strange at this time.

Li Yan nodded and said, "Yes, the repurchase amount since the beginning of the year has exceeded 22 billion Hong Kong dollars. If nothing else, it is likely that the repurchase amount this year will exceed that of last year, setting another record high!"

"Judging from historical data, the strength and speed of buybacks of listed companies are closely related to the overall trend of the market. Actually, I would say that not only this year, not only now this month has set a new high in almost a decade. I noticed that in July, there was a monthly repurchase amount of 10.5 billion on the Hang Seng side. After saying this, everyone silently lowered their heads.

Hang Seng is frantically buying back, while the capital market in China's inland is opening the floodgates to promote the issuance of IPOs. And at every turn, a big unicorn came out, and tens of billions of market funds were swept away in an instant.

"Then did you observe the monthly repurchase data of Hang Seng and found any problems?" Yang Muye asked curiously at Li Yan.

Li Yan smiled, pointed to the data on the desktop and said: "You can take a look, I found that the first repurchase wave of Hang Seng appeared after the financial crisis of 2008. And the second wave of buybacks also started in 2015, before Hang Seng officially went bullish last year!"

"What does this mean?" Bi Peilin still didn't quite understand Li Yan at this time.

Li Yan blinked and said: "As Hang Seng continued to rise in the second half of 2017, the monthly repurchase amount immediately showed a downward trend. If we add the impact of an annual report season, the monthly repurchase amount from January to March this year is actually no more than 700 million. ”

When Dao Jianxin heard this, he couldn't help but pick up the data from the desktop. Flipping through the data, Dao Jianxin's face changed slightly. If there is anything that you can see at first glance, it must be the small climax of Hang Seng repurchase in this data from May.

The string of numbers is a bit thrilling, and Dao Jianxin noticed that the buyback amount from June, July and September all exceeded the figure of HK$2 billion. As far as his eyes could see, there was a specific company repurchase in this data, and Dao Jianxin subconsciously licked his fingers and opened the second page of the document.

"As of the end of August this year, a total of 140 listed companies on the Hang Seng side have repurchased their shares. In September, this figure showed a blowout growth, and the value even showed a linear increase. Especially in the first eight months, Red Star Macalline topped the repurchase list with a repurchase amount of 5 billion Hong Kong dollars. Li Yan paused while speaking, and as if he thought of something, he directly poked the monitor screen next to him and continued: "Last year...... At the top of the repurchase list is Cheung Kong Group's HK$7 billion. ”

"Pay attention to this, does it have anything to do with us?" Wang Qiling also couldn't help but ask Li Yan. In fact, in his opinion, some things are still simple and clear, which is the best.

"If there is any inevitable relationship, then I say that Huaxia's Evergrande has entered the top three list for five years and eight months in a row, and this year it ranked second. From four years ago to today, it is a figure of about 5 billion yuan every year! According to the classification of the Hang Seng industry, real estate construction is still a big buyback. In the first eight months of this year, the total number of repurchases exceeded the 100 million integer mark. Li Yan was about to continue, but Wang Qihua on the side suddenly choked up and asked, "What does these buybacks mean?