Following.

On Wednesday, March 28, the A-share market opened low and went low, showing a unilateral downward trend throughout the day, without even a decent rebound.

There was too much news that was bearish for the market this week, starting with the strict control of the "three public funds" at the top level on Monday, March 26, prohibiting the use of public funds to buy cigarettes, high-end liquor and gifts.

After the news was announced, the next day, almost all the liquor plates were green, and Mao Wulu and other liquor star stocks fell sharply, and even Mao Yi fell by more than 6 percentage points.

Yesterday, two new stocks on the small and medium-sized board, Delian Group and Shouhang Energy Conservation, were officially listed.

However, the first voyage of energy-saving was broken on the market, which dealt a heavy blow to the new speculation, and the market's enthusiasm for doing long was obviously fading.

Today, the market once again out of a news and a hammer to the market, Zhongxin Heavy Industry Machinery Co., Ltd. IPO application, the company intends to land on the main board of the Shanghai Stock Exchange, issue no more than 685 million shares, according to its prospectus, the initial offering of about 6 billion yuan, this amount of funds will be raised this year in the company raised second only to Xingyu Technology.

On March 14th, at the juncture of the market's new high, the news of Xingyu Technology's IPO raising more than 70 billion yuan is not only a direct factor that interrupts the rise of the market, but also one of the main factors.

Today, another Zhongxin heavy industry management market reached out for 60 billion, and as soon as the news came out of the market, it was also dead in place to show you.

On the day of the announcement of Xingyu Technology's IPO, the broader market index fell below 2,400 points.

Today, the news of Zhongxin Heavy Industries' IPO was announced, and the broader market index fell below 2,300 points.

As of the close, the Shanghai and Shenzhen stock markets fell sharply, the Shanghai Composite Index fell -2.62% to close at 2284.88 points, and the Shenzhen Component Index fell -3.15% to close at 9531.15 points, with a turnover of about 150 billion yuan in alloys in the two cities.

On the next trading day, the Shanghai Composite Index fell -1.43% again on the day to close at 2252.16 points, and the intraday low fell to 2242.34 points, and the Shenzhen Component Index also fell -1.18% to close at 9418.22 points.

Investors in the secondary market are almost scolding the street, pointing the finger at the primary market that the appearance is too ugly, regardless of whether the market can withstand it, the IPO is billions of billions, or even hundreds of billions.

The blood of shareholders is about to be drained, and they are not even willing to let the market breathe.

However, in the past two days, the market has fallen sharply, and investors are pessimistic, Fang Hong's personal account is silently buying the bottom of the market on Wednesday, Thursday and Friday.

Big A is about to stage a car market, the market rose sharply in January and February, suddenly fell in March, rebounded again in April, and fell again in May, and directly came to the long road of seven consecutive months, A shares are either at a new low or on the way to a new low.

Although the rebound in April was not as strong as it was in January and February, and it did not hit a new high, the strength of the rebound was still barely enough, at least the broader market index also rose to a height of 2450 points again.

Fang Hong's personal account has no problem intervening in the market, and it is relatively easy to come out.

But Qunxing Capital will definitely not enter the market in a big way because of this rebound, and it can't get out, including in January and February, when the market thinks that the strong rebound market has not entered the market in a big way, but is scattered in the layout.

Because some big votes have indeed reached the bottom of history, but not all the big votes will be squeezed out of the bottom of history at a time node, so Qunxing Capital will intervene piecemeal.

It gives the impression that there is more enthusiasm for doing it, but not much.

Qunxing Capital's current layout of the A-share market, the income of these rebound bands is mosquito leg meat, which is really not good.

At present, Fang Hong's layout in the A-share market for Qunxing Capital is directly locked in the 2015 super epic leveraged bull market, which will not be opened for three years, and will be open for three years.

In comparison, the current seemingly strong rebound market is really mosquito leg meat.

……

On Thursday, April 5th, we will return after the holiday.

During the holiday, the good news was released: the PMI data in March rebounded for the fourth consecutive month; The central mother also released an "easing" signal of monetary policy; The village also announced a new QFII quota of US$50 billion, and a new RQFII quota of 50 billion yuan, which means that the A-share market has increased the available funds to reach 360 billion yuan, which is equivalent to a direct "blood transfusion treatment" to the market.

Stimulated by multiple good news, Big A also ushered in a good start in April, with the Shanghai Composite Index pulling a +1.74% mid-yang line on the same day, and the index also returned to the 2300-point mark to close at 2302.24 points.

At the same time, just today, Thursday, seven "galaxy theme" stock mixed funds were officially launched for subscription and redemption, and investors can subscribe and invest through the official websites of the fund companies affiliated to these public funds, or through third-party platforms, such as Dongcai's Tiantian Fund.

These seven "galaxy theme" public funds began to enter the market at the end of last month, holding four targets of Ruihe Pharmaceutical, Weibo, ATL Technology and Yixing Video, which are the top four heavy stocks, all of which are full of 10% of the positions, and the current stock holdings account for about 41% of the fund's total holdings, and the other 1% is to hold the other six weighted blue chip stocks.

Obviously, the other six are just for pure comparation, in order to make up the list of the top 10 holdings.

The initial net value of these seven public funds is 1 yuan / share, and the net value after today's update is 1.2879 yuan / share, seven public funds have risen more than 7 percentage points today, the highest one has reached a rise of +7.72%, and the net value growth since its inception has risen by +28.79%, and investors who participated in the initial fundraising have made a big profit of nearly 30 percentage points.

And today's sharp rise in seven "galaxy theme" public funds also surprised the people who hold the fund.

Because it shouldn't have risen so much.

At present, the proportion of positions is 41%, even if Weibo, Ruihe Medicine, ATL Technology and Yixing Video have all risen to the limit, and the net value growth should only be about 4 percentage points, but in today's market, this stock does not have a daily limit.

Weibo rose +2.86%, ATL Technology daily limit, Yixing Video recorded a two-board daily limit, and the stock price rushed to 287 yuan, approaching the historical high, and Ruihe Pharmaceutical rose +6.52%.

As for the other six individual stocks, even if they all have a limit, they can be ignored, and the total proportion of positions is only 1%, not to mention that they have not risen much.

On the second day, the people finally knew the reason why the net value of the seven "galaxy theme" public funds collectively rose by more than 7 percentage points, and some media reported that these seven public funds received a large amount of super-large-scale subscription, and the subscription amount of a single fund exceeded 500 million.

It is precisely because of the explosion of large funds that a multi-million subscription fee profit was generated, and the profit earned by the fund was reflected in the growth of net value, which led to the sharp rise in net value yesterday.

It is equivalent to the investors who raised funds in front of them to earn the subscription fees and management fees of these large funds.

……