In the afternoon of the same day.

"At present, seven public fund companies have finalized the issuance of hybrid equity funds with the theme of 'Galaxies' and have completed fund raising." Quietly living in the villa, Tian Jiayi is thinking about Fang Hong's work.

Fang Hong stretched out his hand and said, "I'll take a look at the specific public offering institutions." ”

Tian Jiayi immediately handed him the documents in his hand, and the latter took a general glance, these public fund companies are very famous, and according to the scale of fund management, the weakest one is also ranked sixteenth.

There is no doubt that the participation of public funds is one of the important links in Fang Hong's strategic plan to build an "independent valuation system for subsidiaries of the galaxy", and public funds must not be absent.

It is worth mentioning that Qunxing Capital itself is not a public offering institution and does not have a public fund license.

Because doing this kind of business requires too much information to be disclosed, which is inconsistent with the current strategic planning of Qunxing Capital, and many important information of the company cannot be disclosed to the public at present.

It is too sensational to show it to the public, which is also the most critical reason why Qunxing Capital is not listed.

However, if you don't do public offering business now, you may not be able to do it in the next few years, and if you don't do it yourself now, you can cooperate with other public offerings.

These seven public funds can issue hybrid stock funds with the theme of "Qunxing", which means that they have also established long-term and in-depth cooperation with Qunxing Capital, in fact, they can do it without cooperation, after all, no one stipulates that they cannot buy the shares of listed subsidiaries of Qunxing.

The most critical point here is whether you can get a back-up commitment from Qunxing Capital, to put it bluntly, it is still doing market value management, and to put it bluntly, it is actually about the distribution of the benefit cake.

Without this commitment, others dare not play.

It's as simple as that.

At this time, Tian Jiayi on the side said thoughtfully: "Judging from the recent trend of Yixing video, the problem of capital holding cannot be ignored, we want to build an independent valuation system for the subsidiaries of the galaxy, these stocks go up and relay the long bull trend, once there is a money-making effect, all kinds of funds in the market are siphoned here, and the formation of a group effect of funds is inevitable, resulting in a crazy surge in valuation bubbles and even out of control, how to solve this potential problem?" ”

The phenomenon of capital huddles, which is too common in the market, especially Fang Hong, who is a reborn person, knows better, such as the weighted blue-chip huddle in early 2018 and the weighty blue-chip huddle in 2020.

When it rises, it pushes up asset prices, giving people a feeling that the sky is the end of the sky when it rises, and when it falls, it scatters and disintegrates, smashes each other, and walks out of the market at the level of the stock market crash, and the core assets are cut in half at every turn.

History is always such a cycle, and what remains unchanged is only eternal humanity.

When Fang Hong heard her say this, he smiled and said steadily: "It's not easy to speculate on the price of assets together, but it's too easy to knock it down, there are ten thousand ways." However, speculating on the stocks of the subsidiaries of the galaxy is not also the result of our pursuit of building an independent valuation system? ”

After a pause, Fang Hong put the document aside and added: "After the subsidiary of the galaxy is listed, how to play with other funds, how to toss us not to intervene too much, we will draw the line of the upward trend range of this stock internally, and then let them play their own games according to their own abilities." ”

To put it bluntly, Qunxing Capital plays the role of "invisible referee", drawing a few lines to frame a trend range for the stock price trend of its listed subsidiaries.

Within this framed trend range, all kinds of funds can toss as much as they want, and if it exceeds the framed range, then the "invisible referee" of Qunxing Capital will intervene.

Of course, it is not a direct intervention, but there are ways to do it.

If the capital huddle seriously pushes the asset price to a serious deviation from the framed range, then knock it down and return to the framed range to make money with tears by the way; If the asset price falls severely, then pull it back into the frame range and tearfully copy the bottom.

It can be said that the price trend of the listed subsidiaries of the galaxy, whether it is too high or falls too hard, is a kind of redistribution of wealth, because wealth cannot evaporate out of thin air, it is just harvested by others, and it is just transferred from one pocket to another.

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So the question is, with the independent valuation system of the galaxy, how can the stock trend of these listed companies support the steady rise of the long bull without collapsing?

Is it just that the underlying asset is good enough?

To put it bluntly, the most essential core logic is that Qunxing Capital has harvested wealth from all over the world to support their long-term bull trend.

The wealth harvested by Qunxing Capital from all over the world is reflected in these listed subsidiaries, which is reflected in the rise in asset prices and in the stock prices.

It is equivalent to using these core high-quality assets as anchors in a sense, just like houses, a large number of additional currencies have been left in the property market to become a reservoir, which is reflected in the high housing prices, and everyone agrees with this logic.

In the same way, the wealth harvested by Qunxing Capital from all over the world is reflected in the stock prices of these listed subsidiaries, which has become a reservoir of wealth, and the stock prices of these listed companies will grow steadily.

And it has sufficient liquidity, that is, the stock has a trading volume and a turnover rate, and it can be realized at any time and leave, so as not to kill the stock price too hard.

As the listed subsidiaries of the galaxy continue to rise and go long, over time, they will recognize its logic like a house, that is, everyone is willing to hold the shares of the listed subsidiaries of the galaxy to maintain and increase their value.

When faced with an unexpected event and facing a large-scale sell-off, Qunxing Capital, the "invisible referee", will come out to support the market and provide super abundant liquidity for these stocks.

You can smash the market casually, I will take as much as you smash, and if you can smash the stock price down, I will lose.

Will Qunxing Capital become a pick-up man?

Of course not, because after the panic is gone, those funds will eventually come back, especially the big ones, otherwise where can they go?

There are craters everywhere outside, and if you look around, you can still see that the galaxy is the safest and most reliable here, so you can't fall if you smash it.

As a result, the funds will flow in slowly, and at this time, Qunxing Capital will change hands and give them the chips it undertakes, not to ship them out, because it will not pull them up and let them take over.

Otherwise, this independent valuation system will not be able to be built, and people will not come to play, and Qunxing Capital only needs to stabilize the stock price, not to make a profit, and to recover the capital cost incurred when it undertakes.

It can be seen that Qunxing Capital actually plays the role of a real "fixing star" and "ballast stone", providing strong confidence support when the market is in a panic, and it is not an exaggeration to say that confidence is more expensive than gold at that time.

……