"No more waiting?" Li Meng asked with a smile.

Su Yu responded with a smile: "The release of the 'New National Nine', the entire ecological environment and underlying investment logic of the domestic capital market will change, and the expectations of the entire market, in the recovery of sentiment and confidence, are also rising, and the big market opportunity should be very close, the opportunity to issue new funds, expand the scale of our company's asset management, and better layout the future market has arrived, so there is no need to wait any longer." ”

"Well, good!" Li Meng nodded, "I started preparing the relevant materials on Monday. ”

"But ......"

Li Meng paused, and then said: "Let's go to the next fund, what is the upper limit of the scale you plan to raise funds?" There are also fund product management personnel, how to equip and choose? ”

"What do you think?" Su Yu looked at her with a smile and asked rhetorically.

Li Mengmeng thought for a while and said: "With the current performance of our company and the influence in the hearts of investors in the industry, even if you set the upper limit of the scale of the raised funds at about two or three hundred billion, I think it should be able to raise it, but in terms of the performance of the current market's active funds, as a private equity company, the scale of a single fund product is too large, and it is not easy to make performance." ”

"Therefore, I think the upper limit of the scale of funds raised by fund products is set at about 10 billion, which is relatively reasonable."

"As for the allocation and selection of fund product management personnel......"

Li Meng pondered for a while before continuing: "In our company's trading team, the current outstanding performance and can be fully trusted are Liu Yuan, Zhu Tianyang and Zhao Lijun, Wang Can...... He has a good relationship with you, but he still needs to continue to grow in terms of ability and investment strategy decisions. ”

"The scale of 10 billion funds." Su Yu heard Li Meng's words, pondered for a while, and replied, "Then prepare according to the upper limit of the fundraising scale of 10 billion, as you said...... At present, the amount of active funds in the market is limited, and the starting scale of our single fund products is too large, and under the condition that the market liquidity is still relatively limited, we are improving performance, selecting opportunities, and entering and exiting the market...... All of the above will be restricted. ”

"As for the new fund, the problem of managers ......"

Su Yu thought for a while and said: "The position of the first fund manager of the new fund product is still up to me and you, and at the same time, you can adjust the management personnel of the 'Yuhang No. 1 Fund' and 'Yuhang No. 2 Fund', which are relatively small in scale and have completely done their performance, so that the tasks on your shoulders and the workload will be relatively small." ”

"Adjust the management personnel of 'Yuhang No. 1 Fund' and 'Yuhang No. 2 Fund'?" Li Meng said with a slight doubt, "How to adjust?" ”

Su Yu replied: "Promote Zhao Lijun and Liu Yuan to manage the products of 'Yuhang No. 1 Fund' and 'Yuhang No. 2 Fund' respectively, Zhu Tianyang can take over the current position of Liu Yuan, as the leader of the two trading groups, Wang Can's position will remain unchanged." ”

"Of course, in the process of personnel adjustments."

"The three fund products, the overall investment strategy direction, and the size of the entire trading department are still handled by you, and I will assist you."

"That's still a shortage of manpower!" Li Meng said, "What about the newly established 'Yuhang No. 3 Fund' trading group? These missing people...... Drawn from groups 1 or 2 again? ”

Su Yu nodded and said: "Yes, from the 1st and 2nd groups, half of the newcomers who have passed the transaction test and completed several rounds of assessment, and half of the old people who have been employed for more than half a year, as for the trading team leader of the 3rd group, you can decide for yourself, among the current trading department personnel, in addition to Liu Yuan, Zhu Tianyang, and Zhao Lijun, one or two available talents can still be selected." ”

"How is Lao Zhang?" Li dreamed of the right person for the company and asked.

The old Zhang in Li Meng's mouth, named Zhang Guobing, entered the company 4 months ago, that is, at the end of last year, through three rounds of trader assessment, 31 years old this year, has been engaged in the market analyst of the asset management and investment department of a brokerage company, as well as an industry analyst and trader of private equity institutions, and is a relatively experienced employee who jumped to Yuhang Investment.

Su Yu thought for a while and said: "Lao Zhang's trading thinking is a little rigid, but he is more experienced, his heart is not high, and his trading style is also conservative...... If you choose him as the leader of the trading team of the 3 groups, there is a high probability that there is no problem. ”

"Well, since you agree, it's decided." Li Meng said with a smile.

"Oh, yes, there's one more thing." Li Mengmeng thought about it, and said, "During the May Day holiday, at the Oriental Wealth offline investment exchange meeting, when I talked with Mr. Qin of Anzhao Fund, she vaguely expressed her thoughts to me, hoping to jump to our company, do you think she is sincere or false?" Our company is still lacking in core management personnel, if ......"

Su Yu heard Li Meng talk about this, and chuckled: "This Mr. Qin is not a simple person, ordinary people can't help it, although the current asset management scale of our 'Yuhang Investment' is not small, but in terms of the comprehensive accumulation of all aspects of the company, it is still a small company in the start-up stage...... A large number of domestic asset management and investment institutions can go, and there is no need to drill into our small temple. ”

Qin Qiuyue of Anzhao Fund, Su Yu thinks he can't see through it, and he can't control it.

Therefore, he categorically would not poach such a person into the company.

"Well, when I didn't say it." Li Meng saw that Su Yu had his own ideas in his heart, so he stopped mentioning this matter, changed the topic, and said, "Before you said that we should avoid the use of 'Wealth Road' seats in the follow-up fund product transactions, and directly use the exclusive institutional seats with less distinctive characteristics to operate, I have communicated with the staff of the trading center, and they said that they would open an exclusive institutional seat for us." ”

"Good!" Su Yu responded, "However, the existing trading seats of 'Yuhang No. 1 Fund' and 'Yuhang No. 2 Fund' do not need to be changed, the entire Huashang Securities Yuhang Fortune Road Business Department is now basically counting on our company's trading volume and influence to eat, Mr. Qu is not such an unkind person, we still have to give this face, and pull Mr. Qu this person, in the future, we will deal with many brokerage institutions through him, it is also much more convenient." ”

The two of you talked about work and company until 10 o'clock in the evening, and then went back to the house to sleep.

The next day, Saturday, Su Yu was invited by Shi Yuling to attend an evening event at their school, and then accompanied her to dinner before returning; On Sunday, Su Yu chatted with the designer of the decoration company he was looking for about the decoration of the large flat-story house he bought, and then, under the organization of Liang Bin and He Qian, he met with the boss of a company to be invested to discuss the matter of investment and shares.

Busy and busy, before you know it, May 12th, Monday arrived.

At around 8:30 in the morning, Su Yu and Li Meng came to the company together.

Su Yu convened a short meeting of the management of various departments of the company, and announced the company's plan to issue a third private equity fund, and at the same time, after discussing with everyone, finalized the personnel adjustment of the trading department, and then, at about 9 o'clock in the morning, almost 10 minutes before the opening, came to the company's internal fund trading room.

"Mr. Su, there is a high probability that the market will continue to break through today, right?"

Seeing Su Yu's arrival, among the company's traders, a relatively young trader said with a little excitement: "The Shanghai Composite Index should be able to stand directly above 2400 points at the opening." ”

"What do you think?" Su Yu glanced at the trader with a smile, did not answer directly, but glanced around at everyone in the trading room, and asked with a smile.

"According to the market, everyone's expectations, everyone believes that last Friday's good news is the new stage of the 'new national nine', which has a far-reaching impact on the development of the entire domestic capital market, comparable to the central bank's interest rate cut and RRR cut." In Su Yu's inquiry, another trader responded, "I also think so, after all, this is the first time in ten years, from the high-level regulators, the first time to issue guidance in a red-headed document, and in the opinions, each of them is a proposal that is beneficial to the development of the domestic capital market, the current Shanghai Index has broken through to a position not far from 2400 points, and now with the help of this great benefit, it will break through 2400 points in one fell swoop, and there is no difficulty in probability." ”

"Hmm!" Su Yu bowed slightly, "Good will intensify the development of the trend, from the logical deduction, there is no problem with your analysis." ”

"Thank you, Mr. Su!" Encouraged traders sit down happily.

"Zhang Guobing, what do you think?" After Su Yu sat down with the trader, his eyes swept and he named the trader named Zhang Guobing, who was promoted by Li Meng.

Zhang Guobing originally lowered his head, lying in front of the computer screen, was concentrating on studying the pre-market information report and market sentiment, I didn't expect Su Yu to be named, at this moment I heard Su Yu call his name, I couldn't help but stand up in surprise, thought about it, and replied: "According to the performance of market sentiment, as well as the holiday information of the domestic and peripheral markets, the market trend, the market is open high today, there should be no doubt, but I think ...... Again, we should not be overly optimistic. ”

"Oh?" When Su Yu heard what he said, he couldn't help but be interested, and continued to ask, "Why shouldn't you be too optimistic?" ”

Zhang Guobing coughed lightly and responded: "This opinion issued by the high-level regulator, although in all respects, is a blockbuster that has a far-reaching impact on the development of the domestic capital market, but this is only a macro programmatic document guidance, and it will really take a long time to implement these benefits and change the development of the domestic capital market, as well as the basic investment logic." ”

"In other words, I think the impact of this positive on the short-term trend of the market is very limited."

"After all, the most important condition that affects the short-term trend of the market, in addition to market sentiment, must also be the king of funds."

"Before Xiao Liu said that this is good, it is basically equivalent to the central bank's interest rate cut and RRR cut, which can form a strong stimulus effect on the market trend, but in fact, the fundamental difference is still relatively huge."

"Because the central bank's interest rate cuts and RRR cuts will directly release a large amount of funds and greatly fill the liquidity of the market, that is to say, the central bank's interest rate cuts and RRR cuts are directly stimulating the supply of funds, which is a direct stimulus for the market trend, so for the short-term trend of the market, the stimulus effect will definitely be much greater, and this time's 'new national nine' is a long-term positive, and it has little effect on the short-term capital side of the market to support the market."

"Moreover, due to the continuous high price of the market before, the profit orders accumulated in the market, as well as some latent orders, are quite heavy near the current high point of market sentiment."

"This part of the funds, in this stall, has a huge desire to make profits."

"If the index opens sharply higher, the desire to take profit of this part of the funds will be stronger, which will also cause the upward pressure on the index to become more and more huge."

"A slight change in the capital side, for a while, it is impossible to withstand such a heavy sell-off."

"Therefore, I expect that if there is a certain deviation between market sentiment and actual funds, and the index is at a relatively high level, and there are many profit-taking and latent orders, even if the index can open sharply higher, then ...... Violent shocks after the opening should also be inevitable. ”

"2400 points are not so easy to stand, and even if they do, it will be quite difficult for the index to continue to hold high."

"Well, yes, some insight." Su Yu nodded, glanced at him with some appreciation, and said, "Your interpretation of the market capital side is quite good." ”

"Thank you, Mr. Su, for the compliment." Zhang Guobing answered and sat down obediently.

"But even after the high opening, it is extremely difficult for the index to continue to rise and play, and there will be violent shocks due to the accumulation of huge profit orders and latent disks in the intraday, and the overall upward trend of the market should still not change much, right?" Zhao Lijun took over and continued, "The good news of the 'New National Nine Articles' is indeed a long-term positive, but the market sentiment and money-making effect are still there, and the market trading situation has been out of the downturn at the beginning of the year, the turnover of the entire market is rising, whether the continuous entry of incremental funds, or the enthusiasm of investors in the field to participate frequently, have been activated, under this effect, it is beneficial to the actual support, and the selling profit disk, latent disk, will be quickly digested by the market, so the 2400 point mark, Although there are repetitions, you can definitely stand up. ”

"I agree with Senior Brother Zhao." Liu Yuan thought about it and responded, "Although the intraday market has been repeated, the trend that has come out will definitely not change easily, and no matter from the perspective of the continuous participation of the main funds, or the amount of energy and emotion, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' leading the market are far from the end of the market, or even the time to turn." ”

"But ......"

Liu Yuan paused, and said: "For intraday operations, cautious optimism, it must be right, after all, the heat of market sentiment is too high-pitched at present, but the amount of incremental funds in the market can take time to continue to progress, and it is simply impossible to increase hundreds or hundreds of billions of incremental funds out of thin air in one breath, so in the case that the emotional heat cannot match the speed of incremental capital inflow, the market will open high, and even the trend at the beginning of the day, the probability will be lower than many people's expectations." ”

"And it is lower than many people's expectations, which will naturally exacerbate the flight of profit and latent disks in the city."

"In general, Senior Brother Zhao's analysis is correct, and Senior Brother Zhang's analysis is actually correct, but everyone is inconsistent about the market structure."

"Good!" Su Yu is still very satisfied with this apprentice who he taught by hand, and said with a smile, "Cautious but still relatively optimistic in the overall trend, this is indeed the current trading operation idea, the good of the 'new national nine', for the entire market, is indeed a gradual deepening, far-reaching impact, the probability can change the ecological development of the domestic capital market, but in the short term, it is very limited." ”

"As I said before, the short-term trend of the market is affected by the capital side, which is affected by the common game of on-site and off-market funds, and the long-term trend is affected by the macro conditions such as the investment environment, ecology, industry, individual stock fundamentals, and overall market valuation of the entire market."

"Therefore, the most important thing is to look at the long and short, find the right entry point, and understand the relationship between the short-term trend and the long-term trend."

"Only by clarifying the relationship between the two will we not be affected by market sentiment and good news, so as to blind ourselves, mess up our mentality, and make wrong trading decisions."

"Mr. Su, according to the mismatch between sentiment and capital, today's opening should be the highest point of market sentiment and the best selling point of intraday operation, right?" After listening to Su Yu's analysis, Zhu Tianyang answered, "Can we operate a small position?" ”

Su Yu responded with a smile: "The intraday operation of the small position, I never interfere with you, if you think it is right, then operate according to your own ideas, of course, whether the intraday operation is a loss or a profit, before the close of the afternoon market, you must keep the number of stocks held in the account unchanged." ”

For the part of the company's intraday operation, he was carried out as part of everyone's work assessment.

At the same time, through some operations, you can also see the gap between you in the trading level.

"The actual trend of the market is the only way to verify whether the analysis is right or wrong." In the midst of everyone's discussion, Li Meng glanced at the time and said, "Let's see what the final opening result is!" ”

As she spoke, she opened the background data, and then set her eyes on the big market screen in the trading room.

At this time, the time has shifted to 9:15, and the disk where the two cities stopped began to beat in an instant.

"Nearly 2,000 stocks in the two cities, in addition to more than 170 suspended, nearly 94% of the stocks have achieved high opening in the red market, and all the conceptual sectors and industry sectors in the two cities have also achieved high opening in the red market." Li Meng looked at the market scene revealed by the initial call auction status of the two cities, his head was biased towards Su Yu, looked at him and said with a smile, "Look at the situation, the Shanghai Composite Index has really crossed the 2400 point mark directly at the opening." ”

At the close of trading on Friday, the Shanghai Composite Index closed at 2,385.93 points.

Therefore, it only needs to open more than 1% higher, and the Shanghai Composite Index will be able to stand above the 2400-point mark.

"Let's see!" Su Yu noticed Li Meng's gaze and responded, "When the Shanghai Index enters 2400 points, it has entered the intensive range of hedging chips, coupled with the continuous high and high rebound of the index, the accumulated profit disk, and a lot of large funds lurking in advance The news is lurking...... The entire call auction trend of the market is gradually declining, and it is really hard to say how much higher it can be opened in the end. ”

As he spoke, the clock had crossed 9:16.

I saw that the number of red stocks in the two cities fell slightly, and at the same time ...... A closer look shows that many of the core popular stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' have been matched with a sharp increase in call auction sell orders, suppressing the further upward movement of stock prices.

At 9:17 a.m., this phenomenon became more and more obvious.

And the core leading stocks of the two cities, Beixin Road and Bridge, which originally had a one-word daily limit, and a huge large single blocked price limit, also began to suddenly emerge 10,000 large sell orders.

At 9:18, the number of red stocks in the two cities fell back to about 89%, and the core large-cap stocks of 'infrastructure' and 'state-owned enterprise reform' such as Huaguo Zhongjian, Huaguo China Metallurgical, Huaguo North Locomotive, and Huaguo South Locomotive also rose from the position at 9:15 to about 1 point, and each stock on the disk has signs of rapid amplification.

At 9:19 a.m., the original one-word limit of Shanghai Construction Engineering, Pudong Construction, Waigaoqiao several stocks opened, the volume of the disk can be sharply enlarged, at the same time, the two cities are all red concept plates, industry plates, performance of the weaker 'medicine', 'electronic information' sector index trend, from red to green.

"This call auction trend feels a little less than expected!"

At this moment, in the magic capital, Zexi Investment Company, in the internal fund trading room, Zhou Kan saw the trend of the call auction situation in the two cities, and couldn't help frowning slightly, looked at Xu Shen, and said, "Boss, what do you say...... This trend performance will not be good and bad, right? ”

"Hard to say!" Xu Shenying said, "The market sentiment is overreacting, and it is easy to miss expectations. ”

"What then?" Zhou Kan scratched his head, "We want to smash it, I'm afraid we won't be able to smash much!" And...... It's such a big benefit, the market comes up from the bottom, and it doesn't actually go much higher, so it can't hold on? ”

"Take a step, look at a step!" Xu Shen said, "The absolute position of the index is not high, but it continues to rise high, and there are a lot of accumulated profits, but such a strong emotion and good, even if the trend will fluctuate, it should not be cut off." ”

"I don't feel like it." Zhou Kan thought for a while, and comforted himself, "The Su Zong of 'Yuhang Investment' has not yet come out with tens of billions of chips, and the willingness to sell these chips that want to come to the city to make a profit will not be so big, so ...... As long as the market can hold on, it is not a bad thing to shake and digest it. ”

After speaking, he nervously set his eyes on the big screen showing the market situation.

At this time, the time has crossed 9:20, and the two cities ushered in the real call auction stage that cannot be cancelled.

After a large number of capital cancellations, at this moment, the market is in a state that is much better than the previous minute, before a large number of funds were withdrawn, whether it is 'infrastructure', 'state-owned enterprise reform' two core market areas of stocks, or other concepts of the main line of stocks, the disk selling is a lot less, the rise has rebounded.

"Sure enough, it's not that bad." Seeing this situation, Zhou Kan breathed a sigh of relief and said with a smile.

"But in terms of overall market volume performance, compared with yesterday, it is still a lot larger than last year." Xu Shen answered, "After the high opening, shocks are inevitable. ”

Zhou Kan responded: "As long as it's a benign shock, it's fine." ”

As he spoke, he turned his attention to the market again, as well as the trend of the hottest stocks in the two cities.

I saw that with the passage of time of the call auction, these popular stocks with the highest degree of attention, the amount of chips sold on the disk, is still gradually increasing, among them, although Beixin Road and Bridge still maintains the trend of a word price limit, but the price limit on the board has increased sharply to 17,900 hands, and the city of North High-tech, Shanghai three cents and two checks, has been unable to maintain the limit trend, the stock price with the sharp increase in the amount of energy, fell back to about 6, 7 points.

As for Shanghai Construction Engineering, Pudong Construction, Waigaoqiao, Chongqing Development, Beijiang Communications Construction and other popular stocks.

At this moment, the increase has fallen from the highest price limit at the beginning of the call auction to less than 5 points, and the volume of the disk is still increasing rapidly.

Of course, in addition to the two popular core main areas of 'infrastructure' and 'state-owned enterprise reform'.

Other non-core main line areas, such as finance, nonferrous metals, mobile Internet, smart phone industry chain, military industry, consumption, medicine, coal and other sectors, although the vast majority of sector indices still maintain a red market, but the undertaking force of disk buying is also slightly inferior to the selling force, and the gains are slowly retreating.

Finally, when the time crossed 9:25, the call auction between the two cities ended, and the rapidly changing disk was the moment when it came to a standstill again.

Shanghai was designated at 2403.33 points, Kankan stood above the 2400 point mark, up 0.89%.

The Shenzhen Index and the ChiNext Index rose 0.72% and 0.63% respectively.

In the entire call auction stage of the two cities, the turnover has shown a significant increase compared with last Friday and even many trading days in the previous period, which shows that the trading situation of the two cities in the call auction stage is obviously much more intense than before the announcement of the market's 'New National Nine Articles'.

In addition to a significantly higher open, on the surface, it appears to be a strong index performance.

The industry sector, concept sector, and individual stocks of the two cities.

I saw that the concept plates, industry sectors, and core stocks related to the two core main areas of 'infrastructure' and 'state-owned enterprise reform' still led the two cities, and the amount of energy was sharply amplified, among which the core concept of 'state-owned enterprise reform' was constituent, with more than 30 stocks rising by more than 5%, and 8 stocks were closed with a one-word price limit.

In other areas of the mobile Internet and smart phone industry chain, related concept plates and popular stocks, in the case of significant volume, the opening increase has also significantly exceeded the performance of the Shenzhen Index and the ChiNext Index.

And today's opening, it is more surprising that it is the financial field of the two cities.

Banking, insurance, securities several major weight plates, although the opening price increase is not large, the related sector index as a whole opened less than 0.5% of the increase, but on the disk of important weight stocks, it is rare to emerge a lot of active funds to buy, among which CEFC Securities even opened high in the 1.75% increase position, the call auction turnover is as high as more than 24 million, there are obvious traces of the main capital to increase positions.

(End of chapter)