Chapter 413: Concession Secondary Market!
Seeing that Su Yu was still full of confidence, Li Meng smiled and said: "At this time, there should be very few investors in the market who can be as optimistic as you." ”
"What's the saying?" Su Yu smiled and said, "The truth is always in the hands of a few. ”
Li Meng nodded and continued: "Sure enough, the 28th law of the market, no matter what the circumstances, is valid, if you go back to 3 days ago, who would have thought that the market would be like this in the next two trading days?" The market turnover has exceeded 170 billion for two consecutive days. ”
"The location ......"
Li Meng paused and continued: "Under this kind of sharp decline and pullback trend, there are a lot of buried funds, and the index is once again suppressed below 2500 points, I am afraid that it will cause the majority of investors in the market to have a clearer understanding of the pressure level of 2500 points, so ...... The next time the market reverses, if you want to break through 2500 points, I am afraid it will be more difficult. ”
"The so-called 'pressure level' is what is meant to be broken." Su Yu responded, "As long as the fundamentals of the market have been improving, and future investment expectations have been increasing, then there is no 'pressure level' in the market...... In the case of a conflict between short-term and long-term expectations in the market, it is a great opportunity to participate in trading. ”
"Don't worry about ......"
Su Yu continued with a smile: "Looking at the attitude of the regulators on the release of the news, they are still extremely careful to take care of the market, and try their best to ensure the implementation of the policy to cause the least impact on the market, which shows that from the perspective of the regulators, they are still extremely eager for the market to be active and produce a continuous market to solve the problem of the IPO dam lake." ”
"As long as the regulator's attitude towards the market has not changed, it is still fully encouraging and caring for the market."
"Then, it is foreseeable that when the market fluctuates greatly, the long-term sentiment declines rapidly, and the market confidence is seriously insufficient, they are likely to introduce some new policies and methods to boost market confidence, enhance everyone's investment expectations for the future, and hedge the blood-sucking effect of the IPO restart on the market."
Hearing Su Yu's words, Li Meng's heart moved, and he said with a little shock: "You mean...... It is likely that in the near future, the regulator will also introduce some more significant supporting good news to hedge the negative blow formed by the resumption of IPOs in the market? ”
"This is undoubtedly the best way to quickly restore market confidence and further enhance the market's bullish sentiment and expectations." Su Yu said, "In the context of more and more outstanding domestic enterprises whose financing is blocked and have to choose overseas listing, in order to revitalize the direct financing channels of the market and solve the long-accumulated IPO dam lake problem, the resumption of market IPOs is an inevitable thing." ”
"And according to the current sluggish market sentiment and the lack of market liquidity."
"If we don't heat up the market and don't change the existing market investment ecology, then ...... Even if the market IPO is restarted, there is not so much market capital to undertake the issuance of new shares. ”
"When the time comes, if you continue to issue regardless of it, you will only fall into the same situation as before."
"That is, the new shares are broken in a large area, and the money-making effect of the market is further sluggish, thus forming a vicious circle, resulting in the further depletion of market liquidity, resulting in the follow-up new shares can not be issued."
"However, we have experienced the situation in the early stage and learned the lessons of history."
"Obviously, the effect that the regulator group wants at this time is the same as before...... It's definitely not the same at all. ”
"What they want is to ensure that the new shares can be completely issued, and the problem of the IPO dam lake that has accumulated for many years can be truly solved, which can be seen from their intention to reduce the initial scale of new stock listing and fundraising, and the intention to adjust the valuation of new shares and the rules for new share subscription."
"So, how can we ensure that new shares can be issued and do not repeat the mistakes of previous policies?"
"According to the adjusted IPO restart rules, some clues can actually be seen."
"What's the clue?" Li Meng looked a little confused and asked curiously.
Su Yu pointed to the 'IPO restart' rules and regulations displayed on the laptop screen in front of Li Meng, and said: "That is, step by step, try to suck less blood in the market, and at the same time lower the price-earnings ratio of new stock issuance, and give profits to investors who subscribe for new shares, or give profits to the secondary market, and play some money-making effect on the issuance of new shares, as long as there is a money-making effect...... Are you afraid that there will be no market under the gathering of wind and clouds? ”
"Got it!" After Su Yu's reminder, Li Meng reacted instantly, "It seems that this regulator leader is very smart and has really grasped the crux of the market." ”
In China, a financial trading market dominated by 90% of retail investors.
All the so-called 'value investing' propaganda and 'long-term investment' propaganda are in vain.
Under the intertwined influence of human nature and emotions, as long as the structure of the investor group participating in the market has not changed, the short-term speculation and excessive speculation must be the mainstream, because only this form of speculation can quickly gather the market to make money and attract great attention from retail investment groups inside and outside the market.
In other words......
The simplest way to make the market hot.
That is, through the continuous money-making effect of gathering, the majority of retail investors who occupy 90% of the market volume believe that investing in stocks can easily make money, and they can reap huge profits with their fingers, and then everyone does not need to publicize at all, and naturally actively participates.
The so-called as long as there is a continuous money-making effect, there must be a market, this is the truth.
At present, it is obvious that the regulator is fully ceding the dividends of new shares to the secondary market under the condition of changing the IPO issuance system and rules, and is fully stimulating this key node of the market through existing policy means.
Therefore, Su Yu will be relatively optimistic after seeing this IPO restart plan.
Su Yu bowed slightly: "It's really rare, next...... Just look at the effect, I'm sure there will be something unexpected. ”
After speaking, Su Yu thought for a while and asked: "Oh, by the way, according to the new share issuance system after the resumption of the IPO, which are the first batch of new shares under the new regulations?" After all, in the case of reducing the scale of issuance, reducing the price-earnings ratio of issuance, and fully transferring the dividends of new shares to the secondary market, there are still some speculation values and investment opportunities in the first batch of new shares under the new regulations. ”
"I'll take a look at the current queue for new listings." Li Meng responded briefly, then tapped his fingers on the keyboard, converted the page, searched in the search bar, looked at the newly popped interface, and responded, "Not surprisingly, the first batch of new stocks under the new regulations should be 'Longda Meat, Xuelang Environment, Feitian Integrity, Lianming Shares...... several stocks, from the industry and fundamentals to which this check belongs, it is also ordinary, according to the current market average valuation, even if the price-earnings ratio is lowered, I'm afraid the hype height is not high, right?" ”
"It's hard to say." Su Yu smiled and said, "Let's observe first." ”
"Hmm!" Li Meng nodded, thought about it, and said, "According to the new regulations, our fund can subscribe for all of these new shares, do we need to subscribe for them?" ”
Su Yu responded with a smile: "Naturally, although even if you apply for a fixed frame, you won't be able to get much chips for new shares, but toothpick meat is also meat, which is better than nothing." ”
According to the issuance scale of several stocks, all of them will be subscribed.
Based on the minimum increase of the final stock listing, it should be able to make a profit of more than 10 million.
Although this excess profit is almost negligible for the current capital scale of the two main funds, the money that is almost picked up for nothing is still impossible not to pick up. ”
"That's fine." Li Mengying said, "After going to work next Monday, I told everyone to prepare." ”
Su Yu nodded, thinking about changing the topic, Li Meng paused, and said: "I just took a look at the 'Yuhang No. 3' fund issuance plan we reported, and it has been reviewed by the Asset Management Association and the fund management supervision department of the China Securities Regulatory Commission, and the next step of the process can be started." ”
Let's try it soon, everyone. 】
"Good!" Su Yu said, "Then set an open subscription time, what time do you think is appropriate?" ”
Li Meng said with a smile: "You can do it at any time, according to the attention of all investor groups in the market to our company's two main funds, no matter which time period is open for subscription, I believe it will achieve hot results." ”
"Let's start on May 20th." Su Yu said, "From May 20th to May 27th, a week will be the time to open the subscription, and then ...... The rest of the rules don't need to change, and at the same time, ...... This time, it will be opened in the form of online and offline simultaneous subscription. ”
"Online and offline simultaneous subscription?" Li Meng asked.
Su Yu nodded and said, "Yes, didn't we sign a cooperation agreement with the Oriental Fortune website?" You can borrow their platform to expand the scope of investors more widely, firstly, to help our company's influence on a national scale, and secondly, to subscribe to more investor groups, this matter, let Yu Xiaobing go to the Oriental Fortune website to dock, you don't have to worry too much. ”
"Okay, no problem." Li Meng responded.
The two talked for a while, and when the time came to 10 o'clock in the evening, they went back to their rooms to sleep.
Subsequently, the U.S. stock market opened, and the external market continued the trend of adjustment in the case of a crazy short sentiment in the domestic market, and finally several major U.S. stock indexes closed again in the form of falling more than 1%, which continued to worsen the investment sentiment in the domestic market.
As a result, the bearish sentiment in the entire market became more and more intense over the weekend.
Some people predict that the Shanghai Composite Index will continue to fall back to 2,000 points in the context of IPO restart; Some people comprehensively criticized the bullish voices of the market, scolding those institutional analysts and financial V-personnel who sang long; Someone posted this week's position record, and there are not a few investor groups that have lost more than 20%; Some people once again put up Su Yu's opinion post of 'long-term bullish market' that he once publicly published on the Internet forum, and questioned the post......
It can be said that for a while, whether it is online or offline, as long as it is a gathering place for stock investment discussions.
It was all a bearish voice, a pessimistic sigh of complaint and sigh.
However, at a time when countless investment groups, especially retail investors, are collectively bearish on the market and are extremely pessimistic about the outlook for the market.
The news about the upcoming non-public fundraising of the third fund product of 'Yuhang Investment Company' has spread far and wide, and has quickly caused an uproar in the domestic asset management industry, as well as among the internal groups of large investors, as well as a group of high-net-worth wealth people who pay attention to investment.
"'Yuhang Investment' will issue a third private equity fund non-publicly?"
In the spread of various news channels, many investor groups who have been red for a long time and whose main fund of 'Yuhang Investment' has created legendary returns for investors have raised questions.
"There will be no fake, I checked the records of the Asset Management Association, and the 'Yuhang No. 3' fund has been successfully prepared, and the proposed issuance scale is 10 billion!"
", when can I subscribe?"
"Don't know?"
"I heard that you can subscribe online this time, really, fake? The last time I snapped up offline, I went a step too late and didn't catch anything, this time I ...... Say anything, you have to grab a share of the fund! ”
"It doesn't matter if it's true or not, I'll buy a ticket to Yuhang first, and go to the company to block the door, it's always right."
"Don't be so nervous, right? During this time period, the market has just passed its peak, the bears are raging, and the issuance scale of 10 billion should not be so difficult to grab. ”
"Underestimate the 'Yuhang Department' fund, right? In terms of the investment ability of this Mr. Su, the performance of the first two main funds, this new fund, as long as it is issued, will be robbed madly, the issuance scale of 10 billion does seem to be a lot, but when the last round of 'Yuhang No. 2' fund was issued, it was a fund scale of 5 billion, and it was also a non-public offline subscription model, what was the result, everyone saw it, right? Half a day, half a day...... The share was snatched up. ”
"If you don't think you need it, don't grab it when the time comes, leave me more meat, what a ...... If there is no subscription limit, Lao Tzu will buy as much as he wants. ”
"It seems that it is still the same as the previous fund, with a limit of 10 million fixed subscription amounts."
"Then it seems that I need to prepare a few ID cards, including my wife and parents, what a special ...... Recently, it has been difficult to do business, and it is easy to make money lying down with the fund share of the 'Yuhang Department'. ”
"Haha, indeed...... I participated in the first fund issued by Mr. Su, and now it is roughly estimated that there is a return on investment more than ten times, which is indeed much stronger than doing business, and it is ...... Even if there is a shortage of money, during the closed period of the fund, it is easy to get rid of it through the private transfer of ownership of the shares off-site, and there is simply no better investment than this. ”
"The performance of the two funds of the 'Yuhang Department' is obvious to all, who is not red-eyed?"
"Look, this new fund will definitely be robbed like crazy when it is released, hey...... Not to mention, Lao Tzu booked a ticket, and he had to go to the door of Yuhang Investment Company to block the door. ”
"If you subscribe online and offline at the same time, then the 10 billion shares, it can't be empty in seconds?"
"It is estimated that there will be a specific allocation quota for online and offline, right? In any case, it is better to go offline and guard in advance than to buy online. ”
At a time when the news about the approval of the new fund product of Yuhang Investment Company and the imminent issuance of the fund was circulating, the discussion among the investor groups of all parties was becoming more and more intense...... The old investor groups of the first two main funds, especially the internal customer group where Su Yu is located, also exploded in an instant.
Countless people were crazy in the group @Su Yu, and at the same time, his mobile phone was directly blown up.