Fang Xinsheng was silent for a while before asking, "How many chips have you already bought?" ”

"More than 38 million in total." Mu Zhengxing replied.

"Give it up!" Fang Xinsheng said, "The active funds in the market have been seriously dispersed, and under the stock game, this situation, the sustainability of the hot concept market will be greatly discounted. ”

"Just give up?" Liu Xin, who was beside Fang Xinsheng, was surprised.

Fang Xinsheng nodded and continued: "Knowing that the market continuity is not strong, the money-making effect is weak, and then increasing the investment, there is no need at all, fortunately, our buying volume is not much, even if the market of this line rises and falls, tomorrow the position will be cut and the loss will not be too big." ”

"Okay!" Liu Xin responded, and then sighed, "These institutions that pull banks and securities are really ...... Lack of success, more than failure! ”

Fang Xinsheng stared at the continuously changing banking and securities sectors, pondered for a while, and said: "Looking at these two weighted plates, the performance of buying orders on the disk when they are changing, it doesn't feel like it's necessarily the handiwork of the institution!" ”

"Not an institution?" Liu Xin was puzzled, "Which side of the funds will be?" ”

"Look at ......" Fang Xinsheng pointed to the stocks with the largest net inflow of main funds in the banking and securities sectors, and said, "The ones who are the vanguard are all the core weights of the real super market such as CEFC Securities, Huatong Securities, Huaguo Bank, Huashang Bank, Huajian Bank, and Huanong Bank." ”

"These stocks, not only are they big, but they are also very limited."

"Even if institutions want to take advantage of the concepts of 'financial technology', 'digital finance', 'digital economy', etc., to hype a wave, or are really optimistic about the future of the financial sector, and increase their positions in this regard, they will not choose this kind of stocks with very limited future expectations, huge and heavy circulation, and it is not easy to pull up and speculate, right?"

"So, I think it's mostly the 'national team' in Toshi."

"Securities, remittances?" Liu Xin exclaimed.

Fang Xinsheng nodded slightly, and continued: "It doesn't have to be securities and Huijin, other 'big funds' are also possible, in essence, at this stage, the valuation of banks and securities has indeed reached the limit, if it is considered as a long-term investment, it is not bad to increase the chips in these two sectors." ”

"The valuation of banks and securities is in the end, but the expectation has not arrived!" Liu Xin said, "These two major plates, as a weight of finance, are macroeconomic recovery, the market bull pioneer sector, now the market's expectations for the bull market, is quite pessimistic, short-term must be no play, as for the long-term you said, I don't know how long this 'long-term' is, I feel that half a year, a year, there must be no play." ”

In Liu Xin's view, the recovery of the macro economy and the transformation of the central bank's monetary policy.

At least in terms of quarters and years.

Therefore, although Fang Xinsheng said that the position of securities and banks at this moment is a good choice as a long-term investment direction, as the pursuit of excess performance and the urgent need to expand the company's asset management scale, he will not consider this kind of limited flexibility and very much incremental capital weight sector to invest.

"With a large amount of capital investment, I don't care about the time cycle of half a year or a year." Fang Xinsheng said, "Anyway, this should be a relatively good signal." ”

He believes that if the market is super main funds, in this position, a large-scale increase in the market.

That means that the bottom of the policy is here.

It also shows that the regulator is still very concerned about the gains and losses of the stock market around 2000 points, as well as the care of the stock market.

"Hey, it's better not to trust it."

During the discussion between Fang Xinsheng and Liu Xin, Mu Zhengxing, who was dedicated to executing trading instructions, sighed: "Obviously, the popularity is on the GEM, the small and medium-sized board, and the blue chips of the main board. ”

"If the funds from this attack on securities and bank weighted stocks are used in many stocks in the two major concept sectors of 'Internet finance' and 'mobile payment', which have just accumulated a certain popularity base, and play a wave of profit-making offensive, maybe the market will already form a virtuous circle at this moment."

"Speaking of which, it's not a disservice, what is it?"

"Although the amount of funds for the 'national team' is huge, the scope of the purchase target is very limited." Fang Xinsheng said with a smile, "To let state-owned funds enter the concept stocks in the direction of the Growth Enterprise Market and the small and medium-sized board, and speculate like floating capital, it is a dream, and it is not realistic at all." ”

As the three of them talked, and as the traders gave up on continuing to buy.

On the market disk, the two leading concept sectors of 'Internet finance' and 'mobile payment' have become more and more obvious when there is a break in the undertaking and the following sentiment of various funds has subsided.

Finally, at 10:52, the originally sealed Jinzheng shares fried the board.

At the same time, Yinjie shares, Tianyu information, blue sky information and other blocked "Internet finance", "mobile payment" related probability leading stocks, the limit of the list on the board, also began to decline rapidly, the trend of the whole sector, has fallen from shock, to a rapid fall.

And at the same time......

A large number of funds are palletized, and the securities and banking sectors are rapidly rising.

The relevant weighted stocks, after absorbing a large number of funds from all walks of life, have also begun to stagnate in the mood of the gem and the small and medium-sized board, and the selling pressure on the disk is getting heavier and heavier.

Immediately after that, it was 11 a.m.

Banks and securities also began to fluctuate and fall, gradually declining.

Finally, at 11:30, at the close of noon, the Shanghai Composite Index, the Shenzhen Index, and the ChiNext Index all fell back to near the flat from their highs.

Thereinto......

"Internet finance", "mobile payment" two major concept plates, although still maintain the state of leading the two cities, but the internal money-making effect of the plate, has been greatly reduced, a large number of investors who followed the trend in the morning, has been nearly half of the quilt, and the two major sectors of the highest 6 daily limit trend, has also fallen back to only Tianyu information and Yinjie shares two daily limit stocks.

In the face of such a midday closing situation.

The majority of investors in the market sighed a little and felt that they were not as expected.

"Hey, I know that if the banks and securities move, there will be no good thing, I really can't figure it out, the market is still in a deep bear market, and the trading volume of the two cities is declining.

"Who knows, it's really ...... Falling and falling! ”

"Hey, although the index didn't fall much this morning, there were a lot of individual stocks that fell sharply!"

"I thought there would be an obvious rebound today, but I didn't expect it to be so weak."

"It is estimated that the Shanghai Composite Index will be seen at 2,000 points again, and the lower support of the GEM index is also around 1,000 points.

"Although compared with June last year, the index has almost fallen back to the original point, but the net value of my account has hit a new low, hey...... At the beginning of December, you really shouldn't blindly increase your position. ”

"It's off to a good start, it seems that there is no hope."

"The negative and falling mode is the most boiling, and at this time, it is better to have a short position!"

"Stay up and wait for the index to bottom, if the bottom is 2,000 points, there is not much room to fall."

"The index may not have much room to fall, but individual stocks may not be able to say, let's say that since the beginning of December, in a month, the index has fallen by only 10%, and many popular stocks on the ChiNext Board have retreated by 30% to 50%, which is tragic."

"I feel like we still have to avoid the high-level hot stocks that have been heavily hyped in the early stage."

"Many low-level tickets are also miserable, and they are all on the way to a new record low, running all the way."

"Even so, it's not appropriate to cut the position and stop loss at this time, hey, stay up...... Later, we can only wait for Mr. Su of 'Fortune Road' to appear on the Dragon and Tiger list, and then make up the position. ”

"Yes, Mr. Su doesn't show up, this plate ...... I think it's hard to stabilize. ”

In the discussion that many retail investors are still relatively pessimistic......

After the opening of the market at 1 o'clock in the afternoon, the market began to weaken further, and the on-site selling became heavier than in the morning.

Subsequently, there was an increase in selling orders and a decrease in buying orders.

The Shanghai Index, the Shenzhen Index, and the ChiNext Index have all slipped underwater again, and with the passage of time, they have gradually formed a unilateral downward trend.

Finally, the market closes at 3 p.m.

The Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index all closed down more than 1%.

Among them, due to the favorable holiday, the concept sectors related to 'digital finance' and 'digital economy', which were hotly speculated by active funds in the market in the morning, as well as their popular stocks, have all stepped out of the trend of rushing up and diving, of course...... In this trend of soaring and diving, only in terms of closing results, the two major concept sectors of 'Internet finance' and 'mobile payment' are still at the forefront of the growth list of the concept plates of the two cities.

In addition to the sluggish performance of the index......

Compared with the days at the end of December, the turnover of the two cities has increased, but it is still below 100 billion.

In the face of such a closing result, in the face of the market that fell sharply on the first trading day of the new year, the long sentiment and long expectations that had recovered during the New Year's Day holiday collapsed and disappeared in an instant, and the major investment forums and communities in the entire market, as well as various retail investor gathering places, were once again shrouded in pessimistic expectations and views.

Of course, at the moment when retail investors and investors are hit by market trends and are pessimistic about the market outlook again.

The major financial media, financial institutions, and well-known financial Vs still insist on singing long, repeatedly emphasizing the overall valuation of the market, which is already at the lowest position in history, with great investment value, and once again shouted out the slogan of the Shanghai Index 2000 points, which is the historical bottom and the starting point of the bull market.

Pity......

No matter how the media, institutions, and big Vs agitate, how to sing more.

The market that lacks new blockbuster positive stimulus and continuous money-making effect is still unable to attract more retail investors to participate and attract more incremental funds to enter.

So, in this case.

In the next week or so, the major indices continued to fall in a negative mode, out of the continuous shrinkage of small yin, step by step towards the 2000 point mark.

And for a week or so, the market hotspots were lackluster.

The concepts of 'digital economy' and 'digital finance' put forward by Su Yu at the year-end 'financial summit' have completely disappeared after only two or three days of speculation in the market.

In the meantime, of course.

Su Yu and his 'Yuhang Investment' trading team.

There is no market to do a new layout, after the re-closure of the 'Yuhang No. 1' fund, as well as the 'Yuhang No. 2' fund, still in accordance with Su Yu's investment strategy in the previous year, to maintain a low position of about 15% of the operation situation, on the one hand, to cope with the continuous correction of the market, on the other hand, also let traders during this period, borrow a low fund position, fully exercise the sense of disk and disk analysis ability.

And also during this period......

He, Xu Zhongji, Xu Shen, and Gao Tianhe are four people, in the case of determining to participate in the 'Lixun Precision' fixed increase plan.

Meeting in Yuezhou, we met with Wang Laichun and Wang Laisheng, the founders and actual controllers of 'Lixun Precision' Group, and finally finalized the 3 billion fixed increase plan of 'Lixun Precision'.

In accordance with the final negotiation between the two parties.

The two brothers, Wang Laichun and Wang Laisheng, promised to follow the market pricing, that is, after the release of the private placement plan, the average price of the market for 20 trading days will be the benchmark, and the final fixed increase price will be reduced by 10%.

After the discussion, on January 13, Lixun Precision Group held an extraordinary general meeting of shareholders.

The private placement plan was reviewed and approved, and the private placement plan was submitted to the China Securities Regulatory Commission for review on the second day.

After 'Lixun Precision' disclosed the fixed increase plan to the market, it was learned that the proposed increase price would be significantly lower than the market stock price, and investors in the market instantly voted with their feet and sold a large number of Lixun Precision's stock price.

However, on January 20, the China Securities Regulatory Commission (CSRC) approved the private placement plan declared by 'Lixun Precision'.

When the market learned that the institutions involved in the private placement actually had the "Yuhang Investment" wealth road and the "Zexi Investment" Jiefang South Road, they couldn't help but be in a collective uproar, and then began to frantically grab the stock price of "Lixun Precision", which caused "Lixun Precision" to go out of the limit in the last ten trading days before the Spring Festival, and the crazy trend of continuous violent rise, which became an extremely beautiful landscape in the market before the Spring Festival, and at the same time, it also drove the "Apple industry chain" and the entire "Apple industry chain" that has been continuously corrected for a long time Smartphone industry chain's related stocks.

and on the same day......

Tianqi Lithium's overseas acquisition of 'Talison' has also come to an end.

In the end, Tianqi Lithium spent 3.1 billion yuan to obtain 51% of the shares of 'Talison', and later in the continuous bidding between the two sides, considering the continuous soaring acquisition cost of 'Nokwood', after obtaining 24% of the shares, chose to withdraw, as for the hand of Tianqi Lithium, the side acquisition of 'Talison' shares of 'Yuhang Investment', it cost 1.26 billion to obtain 16% of the shares of 'Talison', helping Tianqi Lithium to complete the absolute control of 'Talison'.

After the completion of the 1.5 billion loan commitment to Tianqi Lithium and the acquisition of shares in 'Talison'.

Originally, the company had a balance of 3.532 billion funds in the net value of the 'Yuhang No. 1' fund, and only 772 million funds were left at the moment.

And the 772 million funds will also deduct the year-end bonuses of the 32 million employees reserved.

As a result, after this large investment at the end of the year, the company only had 740 million cash flow left from the net value of the 'Yuhang No. 1' fund.

Of course, counting the unused operating cash that Su Yu borrowed from the company before.

In terms of the available cash flow of the balance, the company is only 760 million left.

Faced with a balance of cash flow of only 760 million, Su Yu felt that the use of funds agreed with everyone before, as well as the company's follow-up operation plan, were naturally unavailable and had to be adjusted.

So, after counting the financial data......

He then reconvened the company's core management and the company's three shareholders, including him.

New adjustments have been made to the company's follow-up development strategy.

According to the new adjustment, he allocated 500 million funds to the company's 'equity investment department' special investment fund account as the company's follow-up primary market equity investment fund reserves, and the remaining 260 million yuan was precipitated in the company's financial account as the company's usual expenses and all operational needs.