After the Spring Festival, the opening time of the Chinese stock market is February 14, Valentine's Day.

On this day, the Kyoto index closed at 826.91 points, and the highest point of the session on February 16, 93, has fallen by nearly half, and is getting closer and closer to the end of the bear market, and at the end of the bear market, the lethality is huge, often a blunt knife to cut the meat, a long time of yin fall, unconsciously, the blood of the stockholders is dripping, some only bones are left, and some are not even bone residue.

Yu Ming estimates that if the bear market is to end, the Kyoto index will fall by nearly 50%.

The stock market fell, the treasury bond market and the stock market have a seesaw role of funds, the general environment is here, the rise of treasury bonds is limited, only on the non-falling, Yu Ming's treasury bonds because of the early intervention, is currently profitable, much higher than the interest deposited in the bank, Yu Ming is ready to start tomorrow, sell all the treasury bonds, because last year's brewing stock index futures were finally launched in the secondary market in China, stock index futures will be officially traded in March.

After the end of the first day of trading in the stock market after the year, Lucy Cai contacted Yu Ming, who was in class, and said that the establishment of the integrity investment fund management company and the quantum hedge fund has everything in place, only the funds are owed, and the funds for the shareholders of the integrity investment fund management company to subscribe for shares will arrive on Friday, and a shareholders' meeting will be held on Saturday to determine the relevant matters related to the establishment of the quantum hedge fund after fulfilling the relevant procedures for the establishment of the company.

Cai Yuling told Yu Ming that Kate Automobile and Tiantianfu Commercial Interlocking Company have withdrawn from the Qiongnan real estate market, and the final result is the cancellation of Qiongnan Hengsheng Real Estate Investment Co., Ltd., and the result of the settlement is that Kate Automobile made a profit of 80 million yuan, and Tiantianfu Commercial Interlocking lost 100 million yuan.

Under the persuasion of Cai Yuling, Gou Shi and Shi Dingjun both agreed to invest in the fund management company and subscribe for a large number of fund shares.

The registered capital of the integrity investment fund management company is only 30 million yuan, which is mainly used for the leasing of office space, the allocation of office equipment and facilities, the recruitment of personnel, the operation of the company, etc., after the establishment of the quantum hedge fund, it will be handed over to the integrity of the investment fund management company for management.

Yu Ming is only an independent director of the honest investment fund management company, with Cai Yuling as the chairman and general manager, and all other management personnel recruit elites in the society, and the specific business operation is operated by these elites.

After the shareholders' meeting was held, we quickly passed the relevant resolutions, adopted the articles of association, elected the company's board of directors and board of supervisors, and indeed established the company's general manager as Cai Yuling, and unanimously agreed that the company's other senior executives should be recruited by the society, and the company's shareholders would not participate in the company's business management.

There are 8 shareholders in the management of Integrity Investment Fund, namely:

Xijing International, a subsidiary of Hengsheng Tourism, invested 9 million yuan, accounting for 30%;

Yu Ming's personal investment is 6 million yuan, accounting for 20%;

Huaying Investment Company invested 6 million yuan, accounting for 20%;

Mingjun Ruohua Music Co., Ltd. invested 3 million yuan, accounting for 10%;

Gou Shi's personal investment is 3 million yuan, accounting for 10%;

Liao Chengde's personal investment was 1.2 million yuan, accounting for 4%;

Lucy Cai personally invested 1.2 million yuan, accounting for 4%:

Shi Dingjun personally invested 600,000 yuan, accounting for 2%.

The representative of the Gou Shi faction is his son Gou Yuesheng, and the representative of the Shi Dingjun faction is his niece Shi Kaihua, Shi Kaihua is also in the third year of college, he looks very thin, he is very cheerful, he has two dimples with a smile, and he is very likable.

The meeting approved the establishment of the research department, the investment department, the marketing department, the supervision and audit department, the operation guarantee department, the legal affairs department and the comprehensive management department and other departments, as well as the investment decision-making committee, risk control committee and other special committees; Among the various professional departments within the fund, the marketing department is mainly responsible for fund sales; The Investment Department manages fund assets under the leadership of the Investment Decision Committee and the Risk Control Committee, in accordance with the fund contract and other legal provisions. The research department mainly conducts market, industry and company research to provide decision-making support for investment; The Supervision and Audit Department is responsible for supervising whether the operations of the fund management company comply with laws and regulations; The Operation Assurance Department mainly provides back-office support for fund management; The General Management Department provides financial, personnel, logistical and other comprehensive support for the daily operation of the fund management company.

The meeting fully entrusted the general manager to recruit the company's personnel, and required the basic completion of the staffing of the company's various departments by the end of February, and it was difficult to carry out the work normally in March.

At the enlarged meeting, representatives of companies and individuals who subscribed to the quantum hedge fund were represented, and the business scope and investment direction of the quantum hedge fund, as well as the purchase, redemption and dividends of the quantum hedge fund were again determined at the meeting.

The annual subscription and redemption date of the Quantum Fund is stipulated to be the first three days of early March each year.

The establishment of the Quantum Fund was also planned in advance, and the shareholders attending the meeting only reconfirmed the subscribed fund shares, and the expanded meeting was officially established after confirming that the funds raised by the Quantum Fund would arrive next Friday, and the inaugural meeting of the fund would not be held at that time.

Under the vigorous publicity of Cai Yuling, Qian Jinguang, Gou Shi, Shi Dingjun, Liao Chengde, Xue Jun, Feng Huali, Xu Zhiruo and others, many units are full of confidence in Yu Ming's magical stock trading experience, and the quota of 500 million yuan has long been subscribed, and under the strong request of many people, the scale of quantum hedge fund raising is set at 1 billion.

There are a total of 50 units or individuals subscribed by the Quantum Hedge Fund, which indicate the common home that they know and are familiar with, namely:

Yu Ming: 200 million;

Hengsheng Tourism: 200 million;

Kate Motors: 150 million;

Tiantianfu commercial interlocking: 50 million;

Huaying Investment: 50 million;

Straight Flush Company: 5 million yuan;

Mingjun Ruohua Company: 5 million yuan;

Xiangyang topf1club wine bar: 5 million yuan;

Lucy Cai: 1 million yuan;

Xue Jun: 1 million yuan; Feng Huali,

Xu Zhiruo: 500,000 yuan;

Sevelia: 500,000 yuan;

Dai Lianwa: 500,000 yuan;

Li Ruozhu: 200,000 yuan;

Zhou Jilan: 200,000 yuan;

Zhang Qunfang: 200,000 yuan;

Wang Weilan: 100,000 yuan;

Sun Zhi: 50,000 yuan

Ai Qinghai: 50,000 yuan

Nakamura Baihui: 50,000 yuan.

The total subscription amount is 669.35 million yuan, 69.35% of the total quota of the point quantum fund.

……