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When Ding Xu returned home, the market had closed, Ding Xu looked at the trend of the market and Baotou Steel Rare Earth, a little helpless, the moment he parked and bubbled, it did become the highest point of the day, it seems that Totoro They Ming The ninth law of nature must take effect.

After driving for several hours today, Ding Xu was also tired, so he didn't go to practice anymore, and began to browse financial news on the Internet, focusing on news related to brokerage stocks.

As long as the bull market begins and the trading begins to be active, brokerages can earn several times more commissions and other fees than the bear market, which is the most direct and certain sector that benefits from the bull market. Therefore, as long as the market rises to a certain height, it proves that the bull market has arrived, and there will definitely be a big wave of brokerage stocks.

It's just that in this wave of market, the market has risen from 1664 points, turning back in three steps, diving in two steps, reaching a maximum of 21oo points, and then falling to 1814 points, which has always made it impossible for funds to determine whether the bull market has arrived.

Perhaps because of this, the trend of brokerage stocks is also very weak, such as CITIC Securities, as one of the leading stocks of brokerages, bottomed out in advance as early as September 18, 2oo7. Since then, it has been trading sideways, and there is no new low in the process when the market fell to 1664 points. But until January 13, 2oo9, it was only up 19 from last September's low. The Shanghai Composite Index rose from 1,664 points to 1,863 points, an increase of 12, and CITIC Securities only barely outperformed the market.

However, this qiē seems to have taken a turn for the better on Wednesday, on this day, the brokerage stocks that have been weak before suddenly started, and the collective explosion, many brokerage stocks blocked the daily limit, and even CITIC Securities, which has more than 6 billion circulating disks, also rose in volume, once hitting the daily limit,,。

On the same day, the National Securities and Futures Regulatory Conference was also held, which made retail investors speculate whether this meeting was going to launch any big benefits.

However, yesterday, brokerage stocks failed to continue to be strong and adjusted one after another, which made retail investors feel that it was just an ordinary short-term speculation that was good for the meeting.

It is only today that the media reported and analyzed the relevant content of this meeting in detail after the market closed.

This report announced 8 priorities for securities and futures supervision in 2oo9. Ding Xu studied it carefully, and found that 4 of them were more important and should be paid attention to, so he opened Tencent software, entered the miracle group, and prepared to explain.

As soon as he joined the group, Ding Xu smiled helplessly, as expected, everyone was making fun of themselves, and forcibly installed a new nickname for "business trip board" and "going out board".

"I'll go, you guys, you don't have the spirit of materialism at all." Ding Xu said helplessly, "Okay, don't make a fool of yourself, today's news interpretation has begun." ”

"Stop making a fuss, listen to the class!" Jade Shadow hurriedly shouted.

Listening to Ding Xu say the right thing, all the friends calmed down and began to listen intently.

"Today, the media analyzed some new measures of the National Securities and Futures Regulatory Conference, and there are four points worth paying attention to. The first is to improve policies and measures such as cash dividends and buybacks of listed companies, continue to consolidate the market foundation, and promote the smooth operation of the market. In 2oo9, we will launch the "Administrative Measures for the Repurchase of Listed Companies" to strengthen the support measures to encourage shareholders to increase their holdings and repurchase shares by listed companies, encourage and support cash dividends of listed companies, promote the optimization of dividend tax policies, enhance the value of market investment, and further protect the interests of investors. ”

Ding Xu analyzed, "The second is to fully implement the spirit of the Central Economic Work Conference and the '30 Financial Articles' to serve the overall situation of the national economy." Actively promote the mergers and acquisitions of listed companies. Launched the Growth Enterprise Market (GEM) to serve the construction of an innovative national strategy. Vigorously develop the corporate bond market and increase support for small and medium-sized enterprises. ”

"What about the other two?" Bao Erdan asked.

"The third is to further promote the reform of the banking system and improve the stock price formation and underwriting mechanism. Study the establishment of a 'qualified investor' system, and do a good job in the pilot of margin financing and securities lending business. Fourth, we will steadily expand the futures market, increase new futures varieties, make preparations for the launch of stock index futures, and list steel and rice futures as much as possible, while continuing to encourage product and organizational innovation of fund companies. In terms of opening up to the outside world, China will actively participate in the reform of the international financial system, continue to do a good job in exchanges and cooperation with Hong Kong, Macao and Taiwan, support mainland enterprises to list in Hong Kong, and improve the QDII and QFII pilot projects. Actively study the institutional arrangements for cross-border ETFs and CDRs. Ding Xu replied.

"It sounds like some clichés, but these four points are not good, right? Moreover, the introduction of ChiNext and stock index futures, margin trading, and securities lending make me a little uneasy. Tao Yaoyao frowned and said, "The market has just strengthened a little, the over-the-counter funds have not yet entered the market in a big way, and the bull market has not been established, so the senior management is in a hurry to push new businesses such as gem and stock index futures, which is bound to divert long funds, this is not the rhythm of killing chickens and eggs, right?" ”

"Xucheng, can you analyze it?" Ding Xu smiled and didn't answer directly, but invited a group friend named Lu Cheng.

Lu Cheng is a relative of a group friend, who is good at fundamental and technical analysis, and has recently participated in several discussions in the group, and the opinions are relatively pertinent, and the analysis is reasonable, Ding Xu felt that he should be given more opportunities to exercise, so he gave him the opportunity to answer questions.

"In fact, my level is relatively limited, and I haven't been in contact with stock trading for a long time, but in order to thank the group owner for his trust, I also dare to say a few words."

As his name suggests, he seems to be a very honest person, and he first said a few words of modesty, "I also read this news just now, and I also checked the relevant numbers, and I think the overall benefit is relatively obvious." For example, for the first point, I check the number of jù now, in 2oo8, a total of 125 companies controlling shareholders increased their holdings, and 2 companies implemented repurchases, which is a positive phenomenon. Obviously, the top management hopes to continue to encourage listed companies to increase their holdings, repurchase and dividends, return investors, change the phenomenon of listed companies in the secondary market blindly collecting money, and let the secondary market move towards a virtuous circle. ”

"Is the question useful?" Tao Yaoyao shook her head and said, "Our country never pays attention to dividends, only cares about speculation." ”

"Whether it has a practical effect or not, the key is that the attitude of the top management is more important, which can improve the expectations of investors." Ding Xu interjected, "What is lacking now is bull market confidence, and the top management is obviously cheering for everyone, including the financial thirty." ”

"Yes, the group leader is right. Including the second point to promote the merger and reorganization of listed companies, I think it is also good, because mergers and acquisitions have always been an important source of the phenomenon of black chickens turning into phoenixes. ”

"It is also important to vigorously develop the corporate bond market and increase support for small and medium-sized enterprises." At present, when new stock banks and refinancing are slowing down, and enterprises are experiencing financing difficulties due to the impact of the financial crisis, the bond market will expand the financing channels of enterprises. I checked the number jù, and in 2oo8, there were 3o listed companies with 99.8 billion yuan of corporate bonds, accounting for 43 percent of the total refinancing. If this bond market expands further, it should greatly improve the financing difficulties of enterprises, which will be of great benefit to the recovery of the real economy, which in turn will also boost the stock market. ”

"Well, that's a good point, go ahead." Ding Xu encouraged.

"Regarding the GEM mentioned in the second point, the GEM in the United States is very prosperous, for example, there is a wave of Internet technology stocks that have risen to the sky, most of which belong to the GEM. However, the Chinese market has not yet launched the GEM, and I don't know much about the relevant policies, so I would like to ask the group owner to analyze it. Lu Cheng said.

"In fact, the top management has said many times before, and every time a department head or consultant reveals a little intention in an interview, in order to test the market's reaction. However, a while ago, it was a big bear market, and the launch of the GEM meant that there were a number of new stocks to be launched, so the market simply ignored the high-level descriptions of the bright prospects for the launch of the GEM, and often responded with a sharp fall. When the market plummets, the top management will say that there is no timetable for the launch of the GEM to appease the market. ”

Qi Fei sighed and interjected, "But now that the market has begun to stabilize, it seems that the management can't hold back that pounding heart." This is once again the management has clarified the launch plan of the GEM, but I feel that for the stock market, it is like a story of a wolf, and the ears can hear the cocoon, and the related venture capital concept stocks have only rebounded for a day or two before falling silent. Now it's just a simple mention in the meeting, there is no new content, if you want to dig out something new, you can only wait and see the content after the relevant policies are launched. ”

"Okay, then I'll continue analyzing." Lu Cheng nodded and said, "Regarding margin trading and stock index futures, don't panic at all. Yes, securities lending and stock index futures can be shorted, which can increase market volatility at some times, but financing can also strengthen longs. In addition, stock index futures are also a double-edged sword, there are short and reverse long, which is nothing more than a fight between large funds. These things have been in mature foreign markets for a long time, but they have not caused the market to plummet as we feared, but on the contrary, they have smoothed out some market fluctuations. Generally speaking, the most important thing in the introduction of these new systems is to prevent systemic risks, complete the market stabilization mechanism, and avoid the market impact caused by plummeting and soaring, which is the most critical role. ”

"Well, I also agree with the point of view of sincerity, our brokerage knows more about these things, which belongs to financial innovation and securities innovation, which is a great benefit to brokerage stocks. Of course, there will definitely be pros and cons to the implementation of these things, but for our group, the pros will definitely outweigh the disadvantages. Qi Fei interjected, "Don't say anything else, in the past, the unilateral decline in the bear market used to be, and even if we retail investors could escape from the top with empty positions, we would not be able to make money." However, after the launch of margin trading and stock index futures, those with little capital can borrow and sell short, and those with large funds can short stock index futures, so as to achieve the purpose of making money in a bear market. And even in a bull market, when you foresee that the market is going to adjust, you can also short-hand and make money every day. The level of our group is generally higher than that of other retail investors, and it is not difficult to make money with this thing. ”

"Half immortal, how can it be as easy as you say, and make money every day. I think your brokers welcome these two things, or is it because they can increase commissions, right? Ding Xu laughed.

"It's not just the commission, but more importantly, the interest on margin trading." Qi Fei said with a smile, "For example, according to the annual interest rate of 1o, if you raise 1oo yuan, you have to pay 100,000 yuan of interest to our brokerage company in a year, and if you borrow 100,000 yuan of securities lending, the interest paid will be more, because the annual interest will increase accordingly." Do you think, our brokerage only needs to borrow some money from the bank, and lend it to you at high interest on the backhand, how easy is this money to come by? It's just lying down to make money! ”

"Don't be too happy, if you want to launch stock index futures, you must first launch margin financing and securities lending business, but it was mentioned in the meeting, who knows what year and month it will be really implemented?" Bao Erdan shook his head and said disapprerovingly.

"Don't think so, now that the meeting has a clear time, I estimate that it will be launched soon, possibly in the first half of the year, and no later than the end of this year." Qi Fei rubbed his hands excitedly and said, "The GEM is here, there are more new shares, and brokerages are making money." Margin trading and stock index futures are also coming, and brokerages are more profitable. Ding Xu, I think it's time to enter the brokerage stocks, and there should be a wave of good markets! ”

"Don't be in a hurry to be happy, are we really ready for these things to be launched?" Ding Xu shook his head and said with emotion, "You first ask the group friends, how many people know what margin trading is and what stock index futures are?" ”

"yes, we don't understand it at all, but we've heard the term." Bao Erdan replied.

"What a thunderclap on the ground! After playing the stock market for so many years, so many new things have come out at once, it seems that the cards are going to be reshuffled, my old brain can't stand such a toss, the big deal is not to toss in the sea of stocks, go ashore as soon as possible. Jiangchuan Yuhuo sighed.

"Why is Brother Yuhuo so pessimistic?" Ding Xu asked suspiciously.

"It's not that I'm pessimistic, everything new must be a process of reshuffling and redistributing wealth. We can't compare to you young people, we still have the energy to learn these new things, and we still have the time to fall on our heels, and we can't afford to fall with our old arms and legs. ”

Jiangchuan Yuhuo Zhengse replied, "For example, I have some understanding of financing, if you have 200,000 yuan, and if you finance 200,000 yuan, the funds that can be operated will be doubled, and the profits can also be doubled." But as long as the stock falls by 5o, your principal will be gone, and the risk will increase. ”

"Brother Yuhuo, you are too worried, you have entered the miracle group, will you still be covered like before?" Yuying was more optimistic, and said with a smile, "I think it's more likely to earn more than double." ”

…………………………… Dividing line ..............................

(Heartfelt thanks to 5 hardcore book friends such as "Ice Fire Chill", P313, Touching Chuchu, Brother Qiang Zhenqiang, and "Shaking Snow and Flying" for generously rewarding the alliance leader of this book, welcome to the alliance leader group (miracle group) family exchange.) I wish the Year of the Goat a healthy and smooth year.

Yesterday I was fascinated by reading technical books and discussions.,I didn't have time to code words.,Owe a chapter.,Sorry.,Strive to make it back later.。

Today, I finished reading Chen Hao's "Chip Distribution" for the second time, and there were a lot of new feelings, summarized 42 points of experience, and wrote a "Excerpt and Learning Experience of the Important Content of Banban's Chip Distribution on Chen Hao", which was uploaded to more than ten groups of group articles for your reference.

In the preface, I mentioned my harvest and feelings as follows: "On the sixth day of the first lunar month, I reread Chen Hao's "Chip Distribution" that I read at the beginning of 2o15, and I felt that this is a good book that is worth recommending repeatedly. The beauty of this book is that it is easy to understand, easy to understand, and easy to imitate. Although it was published earlier, the things in the book are not too outdated, and it is worth reading again and again and thinking about it in combination with actual combat. There is nothing new in the speculative market, what has changed is the outside, and the substance has not changed. Reading to the itchy place, I just want to float a big white. It's a pity that I don't drink, so I have to light a cigarette and write down a few words of reading experience. At the request of readers, to the group text jiàn, for your reference to my reading mode. I also hope that everyone will also read like this, extract the things that touch your heart, write down your own experience, and review it regularly, so that you can read the book thoroughly, turn it into use, and use it in actual combat. ”

There is a stockholder who is very talented, and uses the stock code to form a New Year's greeting, so let's adapt it here to give a code blessing: bless readers and friends 6O3O88, OO2336. In the new year, invest in oo2729, work oo2251, career 3oo381, look ooo789, and create your own 6oo628 with your own 6o1519. May our friendship oo2411. ）r1152

Tips: The new domain name "biquge.info" has been launched by Biquge, and the original domain name is about to be discontinued. Please tell each other, thank you!