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In the morning, it should have been a time of fierce battle in the capital market. Li Yan unexpectedly set up a roundtable forum and invited several well-known fund managers in China to discuss the vast sea of stocks.

The people of the Demon Hunting Alliance don't have too many opinions on this, after all, Qianhe Flavor Page made money yesterday. Of course, making money is not the point, the most important thing is that the bigwigs of the Demon Hunting Alliance see hope.

At first, these bigwigs hoped that they could succeed him after the leader of the Xu League, so the Demon Hunting Alliance was in chaos!

At the beginning of the chaos, most people thought that it was a good thing that the Demon Hunting Alliance was in chaos. Everyone thinks that they can win in the chaos, how will the time come! Li Yan's fall from the sky made them gradually turn from anger to madness at the beginning to accept and wait to see jokes.

These people are all old foxes in the sea, and they know the truth of forbearance better than anyone else. What can't change the world is to adapt to the world, and if you can't change others, you have to change your own truth, which is more transparent than anyone else's doing. Even these people can fall into the dung pit and eat with peace of mind.

Of course, they are not depraved, but forbearing......

However, with the precipitous decline in the financial status of the Monster Hunt Alliance and the suspicion and competition between various bigwigs entering the white heat, Li Yan's actions suddenly gave everyone hope. As the number of people supporting Li Yan gradually increased, more people suddenly understood that with their own abilities, they could not bring the Demon Hunt Alliance back to the top again, but Li Yan ...... Maybe!

The Demon Hunting Alliance's side began to prepare for the same enemy, and Dao Jianxin dug a pit and prepared to let the "mysterious" person who was an opponent with him yesterday jump in.

This mysterious person sat in front of Li Xiaoteng with his head hung and smiled bitterly.

"Yesterday, Master Gao Hetian and I had tea together. Li Xiaoteng picked up the teacup and muttered to Li Dabao.

Li Dabao sighed, seemingly indifferent to the fact that Gao Hetian and Li Xiaoteng were together.

"Don't you want to ask why?" After Li Xiaoteng asked Li Dabao, he watched Li Dabao pick up the Pu'er tea in front of him and take a sip lightly, then smiled bitterly: "I don't want to." ”

"Why?" Li Xiaoteng was a little curious.

Li Dabao put down the teacup in his hand, looked up at Li Xiaoteng, who was sitting opposite him, and said, "Brother Teng, have you ever played with eagles all day long, but in the end you were pecked by eagles?"

"Okay! What doesn't play eagle. I know what you're thinking. Throw your chips away today...... Qianhe flavor page will be left to Li Yan and they will earn it themselves. After Li Xiaoteng said this lightly, he picked up the teacup and smiled at Li Dabao.

With a squint of his eyes, Li Dabao's eyes flowed with disbelief and the kind of unwillingness to admit defeat in his bones.

saw Li Dabao's refusal to admit defeat, but Brother Teng just smiled. After a long time, Li Dabao said in a deep voice: "Brother Teng, I remember you told me...... In this world, for men from poor backgrounds, there are nothing more than ambition and no ambition. There are many people who have ambitions and then get ahead, and of course, there are not a few people who have ambitions and have no place to bury. But people without ambition are destined to only look at the ocean and sigh, watching the waves of the sea just a spectator by the sea. ”

"Yo, I still said such philosophical things, when did you say it?" Li Xiaoteng deliberately asked Li Dabao in a mocking tone.

"What the stock fairy said in the book!" Li Dabao argued unconvinced.

"Okay, I'm letting you out for your own good. The Monster Hunter League has opened its pockets and is waiting for you to drill, and you will no longer have the effect of a surprise attack. Qianhe flavor page let them do a good job, no matter how well they tossed, Li Yan was just making wedding dresses for others. Here...... Here's what you'll see. AFTER LI XIAOTENG FINISHED SPEAKING, HE PICKED UP AN IPAD TABLET FROM THE TABLE NEXT TO HIM AND STUFFED IT INTO LI DABAO'S HAND.

Li Dabao frowned, looked at the iPad in his hand with a blindfolded face, and after looking at Li Xiaoteng suspiciously, he never raised his head when his eyes fell on the screen.

Li Xiaoteng, who seemed to have anticipated all this, smiled and didn't urge. just leisurely holding a teacup while tasting Pu'er, while holding a mobile phone to pay attention to Li Yan's forum activities......

Li Yan faced the host and said eloquently: "Regarding the logic of the over-falling rebound of strong stocks you just asked, I think the first wave of strong stocks rose, and the main force is completely in control. The first wave of adjustments is generally tentative shipments. ”

Yawei on the side, the original frowning brow was soothed.

When the main force is trading, the first wave is all shipments. This kind of thing certainly can't be said here. He was really afraid that Li Yan would say anything if he talked about it. After all, there are many things that are still "secrets" in the industry.

Li Yan continued: "The second pull up is actually the second shipment presented with the help of the pull. I suggest that you have an in-depth understanding of the three major theories of technical analysis, and I will briefly say: "First of all, the price extends the trend change, and strong stocks generally conform to this theory." Therefore, I recommend that everyone participate in investing in strong stocks, mainly paying attention to its direction. This makes it easier to grasp.

After listening to Li Yan's words, the host immediately threw out a prepared question and continued: "Then what are the characteristics of the trading volume of strong stocks?"

The fund manager, who had arranged a response early, hurriedly said at this time: "The trading volume characteristics of strong stocks are obvious...... In the process of rising, there is a large volume, which is what investors call a pile. This is a healthy rise, this kind of buying undertaking, the main capital inflow is more, compared to the word board infinite rise is much better, because the word board is not enough to pull up the stock price, the cost of input is not large, the middle pull up process does not fully change hands to undertake the disk, then the adjustment will be relatively large!"

This fund manager speaks quickly, a bit like memorizing texts. Savor it carefully, as if he was afraid that someone would rob him. The host made a look at him several times and wanted him to speak slowly, but this guy was like he couldn't see it, and he was enjoying his performance......

After a few arguments, someone said next to him: "I'll give you an example of the adjustment space of strong stocks, such as the listed company that recently sells candied plums, and their adjustment after the first wave is very large, and many people avoid it." However, we private equity funds collectively believe that it is safe only to make strong adjustments, so as to provide sufficient impetus for the next upward attack. So our recent ranking ......"

Li Yan looked at his watch, although he was on the stage, he began to worry about Qianhe Flavor Page in his heart. Has there been no news for so long? At that time, before the start, Li Yan and Wu Zhilin agreed to report on the situation. But until now, Bi Peilin in the audience has not given herself an up or down gesture!

At this moment, Li Yan listened to the fund manager next to him and said: "As long as the general trend stabilizes, first of all, strong stocks can be bought when they stabilize ...... the signal of stabilization is generally multiple lows that are not broken, long lower shadow or shrinkage."

After a long time, it was time for reporters to ask questions.

Li Yan didn't stare at the reporter at this time, but kept looking at Bi Peilin frequently.

Biperin shook her head, indicating that she had no news either.

"Hello, what do you think of the announcement on the termination of the contract of the public fund and the liquidation of the fund property issued by Tianhongji, GFJI, China Europe Fund and CCB?" But it wasn't a question for Li Yan.

Yawei said with a smile next to him: "I have also noticed that the number of liquidations of public funds has reached a record high. I also saw a statistical table yesterday, which shows that since the beginning of this year, 216 public funds have been liquidated, that is to say, a total of 165 public funds have been liquidated in the past nearly 20 years after the combined calculation of different share sizes. Affected by the downturn in the stock market in the first half of this year, the liquidation of public funds continued. In fact, liquidation has been regarded as the norm by people in the public offering industry. ”

"Can you analyze the reason?" asked the reporter in the audience.

Yawei thought for a while and said: "It should be said that multiple factors have led to intensive liquidation of funds, right? I recently found that the funds that have been liquidated since the beginning of this year are mainly from 50 fund companies, and the number of public funds has just reached 120. Nearly half of the public funds have been liquidated this year. The liquidated funds are concentrated in some large and medium-sized fund companies that I am not convenient to name here. In fact, the capital market has been weak for a long time, and it has become the norm for the scale of public funds to shrink and move towards "miniaturization", and the industry usually refers to funds with a scale of less than 50 million yuan as mini funds. ”

After saying this, Yawei glanced at a fund manager who led the mini fund next to him, and the other party took over the conversation with a wry smile and said: "According to the show, as of the end of the second quarter of this year, we have learned that there are nearly 700 mini funds in the market. Mini-funds are indeed the birthplace of passive liquidation...... However, we also note that the announcement of the liquidation of the fund assets of some profit-increasing pure bond funds shows that the reason for terminating the fund contract is that the number of fund unit holders and the asset size during the fund duration are lower than the lower limit in the fund contract filing. The net asset value of the fund plus the net subscription amount on the day is less than 50 million yuan, and the number of fund share holders is less than 200. ”

The fund manager in charge of the bond hurriedly picked up his microphone and said: "The bond fund touches the termination clause of the fund contract and the fund contract, and there is no need to convene a general meeting of fund unit holders. It is compliant for the fund to enter into the termination and liquidation process. And I would like to reiterate that the liquidation of a fund is mainly caused by regulatory compliance, market factors, investor factors and the size of the fund itself. It is not a unilateral act of the fund company. Previously, the regulator issued a document stipulating the trigger conditions and specific rules for smaller mini funds to enter the termination listing process. If the number of "mini funds" under the fund company exceeds 10, the fund declaration will be suspended. At the same time, if there are more than 3 mini funds in the same fund, the declaration will also be suspended. ”

Li Yan was thinking about Qianhe Flavor Page in his heart, but when he heard that the fund managers started to talk about it in front of reporters, his brows suddenly wrinkled.

Aren't all the routines and lines arranged? Why don't these guys follow the routines when they take the money?

The reporters in the audience were also a little confused, and said stubbornly: "We have done a statistic in the past, and found from 680 funds that more than half of the mini funds were established in the last two or three years. In the first two years, the shortage of assets made all kinds of funds invest in public offerings, seeking higher returns, and outsourcing funds came into being. However, the performance of the capital market has been poor this year, and the relevant policies of deleveraging have affected the tightening of industry funds, and the outsourced funds have begun to ebb and flow. Do you have any thoughts on this?"

forcibly turned the problem around, which restrained the behavior of several managers on the stage from throwing the pot at each other.

Yawei thought about it and said: "The liquidation of the company's fund is mainly due to the withdrawal of institutional investors, which led to a sharp decrease in scale, but it was actually forced to liquidate. According to my personal statistics, bond funds account for about 65 percent of the liquidation funds this year, and only 30 percent of mixed funds. Of the funds liquidated this year, the actual funds were established last year and the year before. In addition to the ebb of outsourced funds, since the second quarter of this year, graded funds have also joined the ranks of liquidation funds. ”

The reporter nodded, and just sat down. The reporter next to him stood up and asked, "The CSI Internet Finance Index Grading Initiator Fund began to be liquidated at the beginning of this month, what does Mr. Li Yan think?"

Li Yan was stunned for a moment, didn't he arrange his own speech in this session? Why did a reporter ask himself?

But looking at the live broadcast platform and reporters, they are focusing on themselves. Li Yan had no choice but to bite the bullet and say: "Since the beginning of this year, under the pressure of the new asset management regulations to strengthen the supervision of graded products and the substantial adjustment of the equity market, the scale of graded funds has continued to shrink rapidly. Speaking of which, Li Yan felt a little unable to make it up. Straight to the point: "The continued shrinking market size should be the main reason. ”

Yawei smiled bitterly next to him to help Li Yan relieve the siege and said: "Under the requirements of the new regulations on asset management issued in the first half of this year, the withdrawal of graded funds from the historical stage has become a general trend. The current stock of tiered funds will inevitably be liquidated and transformed in the future. ”

Li Yan really doesn't know much about funds, and inviting these fund managers to come is actually to invest for himself. But his performance made Li Yan very dissatisfied with himself. However, the impact should not be large.

After Yawei responded to the reporter, Li Yan glanced at the arranged reporter. The other party really stood up and asked Li Yan about the impact of the liquidation of the fund.

Many fund managers have helped Li Yan to memorize the words that he has memorized very well at this moment. Li Yan responded unhurriedly: "The overall performance of the liquidation fund this year is not bad, and the liquidation of the fund may not be a bad thing for investors! I think the management cost of the mini fund is high, and the amortization of the operating costs of the fund company into the fund that is too small will affect the net value of the fund." At the same time, the scale is too small, which also has a great impact on investment operations. At present, the regulator actually encourages the liquidation of mini-funds, allowing fund companies to put more investment and research efforts into key funds. ”

After saying this, Li Yan thought for a while and said with a serious face: "Don't buy some small-scale funds anymore!"

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