Tian Jiayi looked at the information content on the tablet, thoughtful, and then asked Fang Hong: "Some people want to use the brilliant results of the stars to forcibly endorse them, so as to create large institutions to increase their positions and enter the market, so as to attract short-selling shareholders to follow suit, should we make some reactions to this?"

Hearing this, Fang Hong spread his hands with a smile and said, "How do you react? We're going to start clearing on Monday as well."

Tian Jiayi said, "What about after the clearance?"

Fang Hong shook his head and said: "No reaction is the best reaction, no matter what you say about this matter, you jump out and say that this money is not to increase your position, and the investors say that you jumped out to destroy the bullish sentiment of the market, and you are to blame for the big fall here to beep, if you continue to rise and laugh at you."

Tian Jiayi thought for a moment, and then looked at Fang Hong with doubts: "However, not reacting is not equivalent to acquiescing to the news of increasing positions and running into the market to go long? When the data for the third quarter comes out, and we find that the position of Qunxing Capital has disappeared, won't it be more likely that the outside world will think that the news was deliberately sent by us to flicker and short the retail investors to take over?"

What she wanted to express, Fang Hong naturally understood, and if she didn't react, she was afraid that she would be scolded even more fiercely after the third quarter.

Fang Hong looked at him and smiled and asked, "Who said that our positions disappeared in the third quarter? Before the third quarter shareholder data is updated, why don't we buy it back?"

As soon as these words came out, the beautiful assistant couldn't help but be stunned, and was speechless for a while.

Fang Hong said to himself: "This round of sharp fall can not be directly killed to the end, I estimate that after the rapid sharp fall, there will still be a technical rebound market during the third quarter, the technical side will go to a second high, the index rebound of about 25 percentage points, the bear market will officially begin."

Speaking of this, Fang Hong looked at the beautiful assistant again and added with a smile: "Not only can you solve the previous problems, but also eat a handful of fishtail market in the third quarter, why not?"

Tian Jiayi said leisurely: "I hope that the third quarter can go according to your perfect expectations."

Fang Hong smiled: "It's not a wish, it's inevitable."

These words made her feel as if she was absolutely confident, Tian Jiayi was a little skeptical, she had only joined Qunxing Capital for a long time, and she had not followed Fang Hong to copy homework like Cao Chenghui, so she was skeptical.

If it is replaced by Cao Chenghui, there will definitely be no doubts.

After a while, Fang Hong picked up his mobile phone and made a call, which was obviously to Cao Chenghui, and as soon as the phone was connected, a voice came: "Boss!"

Fang Hongyan immediately asked, "Do you still have the 50ETF in your hand?"

Cao Chenghui replied, "I still have it."

This year's market has come to this point, and the Shanghai Composite Index has doubled, and the Shanghai Stock Exchange 50 ETF has risen from the bottom of the market of more than 1,600 points last year to the latest net value of 2.745 yuan, with a cumulative increase of +112.46%.

The market is showing a unilateral upward trend, and the market is properly picking up money.

Fang Hongyan said succinctly: "Tomorrow, the end of the market will be cleared."

Hearing this, Cao Chenghui on the other end of the phone immediately responded, "Howler!"

The boss prompted that it was time to run away, so run decisively, and it would not be wrong to believe the boss.

….

The cost price of this ETF product held by Cao Chenghui is 1.355 yuan, and the current floating profit has reached +102.58%, and it is made with triple leverage, and the absolute profit has reached more than 7 million.

Fang Hong hung up the phone, looked at Tian Jiayi and asked, "By the way, you have tracked the target of Dongfang Yuhong, right?" What price is it now?"

Tian Jiayi nodded and replied: "Well, I am tracking the target, which closed down last Friday, down 2.37 percentage points, and closed at 25.15 yuan per share."

Hearing this, Fang Hong smiled and said: "Then wait a little longer, don't worry, with the help of the next market peak and sharp fall, there is no problem with this ticket falling to a price below 20 yuan, and when the time comes, you will buy all the 1 million in your hand, and the target price will not be around 75."

The beautiful assistant was immediately again

nodded, anyway, the profit is hers, how much she loses The boss will make up for the loss of the principal, and then subsidize the same amount according to the amount of the lost principal, which is equivalent to twice the loss of the subsidy principal.

It's all earned, what he says, what he does.

……

At about 5 p.m. on the weekend, there was another blockbuster news in the capital market, that is, 108 companies recommended by 30 sponsors submitted their first batch of GEM listing applications to the Regulatory Commission.

Among these 108 enterprises, some of them are transferred from the "queuing" enterprises of the small and medium-sized board, and some of them are from the listed enterprises of the agency system. Most of the 108 enterprises are innovative enterprises in the fields of new energy, new materials, biomedicine, electronic information, environmental protection and energy saving, modern services, and modern manufacturing.

On the news side, the opening of the GEM is also quite hot, and experts claim that the Oriental "Little NASDAQ" is about to land on the big A, and directly benchmark the GEM against the US stock Nasdaq.

In short, the blow flies.

At around 17:50 in the afternoon, Tian Jiayi went to the company and brought back a material, which was related to the GEM.

As an investment management company, Qunxing Capital naturally attaches importance to the opening of the GEM and lands on the A-share market, and also participates, although Qunxing Capital has been established for about a year, but now it is already a large-scale investment institution ranked among the top in China.

Tian Jiayi's cool summer clothes today are more routine, she didn't wear work clothes, after all, it was a weekend and weekend, and at this moment she was sitting with Fang Hong in the leisure area on the first floor of the villa.

「…… According to the arrangement of administrative licensing, if the time for revising data feedback is deducted, the upper limit for completing the review of an enterprise's work is about three months. According to preliminary estimates, if everything goes well, the first batch of companies to land on the GEM will be officially listed at the end of October or early November." Tian Jiayi handed Fang Hong the relevant materials of the 100 or so companies that applied for listing on the GEM that he brought back.

"There are only these three strategic investment targets, and you don't need to look at the others." Fang Hong took a look at the materials, circled the three targets in the materials with a pen and added: "After the subscription of these three targets, we will continue to increase our holdings, and the more they fall, the more they buy, and the more they buy, they will buy no less than 15% and no more than 20% range."

Tian Jiayi immediately glanced at the three listed companies he marked, and couldn't help but chant: "Yiwei Lithium Energy, Aier Ophthalmology, and CTI."

These three companies, Fang Hong is marked as a strategic investment project, that is, held for at least five years, and is a large-scale increase in holdings, the application for GEM listing of these 108 companies, the final can not be more than 30.

….

According to the original historical trajectory, there are 28 companies listed in the first batch of GEM companies, among which Yiwei Lithium Energy, Aier Ophthalmology, and CTI must be among them, especially the two targets of Yiwei Lithium Energy and Aier Ophthalmology, which can grow into listed companies with a market value of 100 billion yuan after ten years, and can bring more than 50 times or even more than 80 times the return on investment after ten years.

Tian Jiayi made a memo of his decision-making arrangements and took them to the company tomorrow.

Fang Hong's shareholding in the three targets is controlled below 20%, which is based on two factors, one is that it does not seek control over the enterprise, and the other is that it can reduce taxes if it does not have less than 20%.

When holding a listed company to reach 5% of the total share capital, the proportion of equity is a major warning line for equity changes and needs to be raised.

If the shareholding ratio reaches 10%, it has the right to apply for the dissolution of the company; Holding less than 20% of the shares can reduce taxes; Holding more than 30% of the shares is the criterion for determining the actual controller of a listed company; 34% of the shares have the right to veto the company's major matters; Holding 51% of the shares is called relative control in the legal sense and can be consolidated in financial statements; Reaching 67% shareholding can achieve absolute control over a company.

As an investment management company, Fang Hong wants to intervene in an investment and invest in a company, either to get more than 51% of the company's equity to gain control, or the investment will not exceed 20% of its total share capital, that is, below 20%, because the tax below 20% is reduced.

Invest in Yiwei Lithium Energy,

The three listed companies, Aier Ophthalmology and CTI, do not exceed 20%, which is a financial investment behavior based on this logic.

……

Zhao Ling Si Yu