Chapter 414: Profits in the Secondary Market!
Seeing that Su Yu was still confident, Li Meng smiled and said, "At this time, there are probably very few investors who are as optimistic as you in the market."
"What's the saying?" Su Yu said with a smile, "The truth is always in the hands of a few people."
Li Meng nodded and continued: "Sure enough, the 28/20 rule of the market is valid no matter what the circumstances. If we go back to 3 days ago, who would have thought that the market would be in the next two trading days? , will this be the trend? The market turnover has exceeded 170 billion for two consecutive days.”
"This location..."
Li Meng paused and continued: "Under this sharp decline and correction, there is a lot of money buried deep, and the index is once again suppressed below 2,500 points. I am afraid that it will cause pressure on the 2,500 points among the majority of investors in the market. The understanding is clearer, so... next time the market reverses, it will be even more difficult to break through 2,500 points. "
"The so-called 'pressure level' is meant to be broken." Su Yu responded, "As long as the market's fundamentals continue to improve and future investment expectations continue to increase, then there is no such thing as a 'pressure level' in the market. , On the contrary, this time... when the market’s short-term expectations and long-term expectations conflict, it is an excellent opportunity to participate in transactions.”
"Don't worry..."
Su Yu continued with a smile: "Looking at the attitude of the regulators in releasing the news, they are still extremely careful to protect the market and try their best to ensure the implementation of the policy and have the smallest impact on the market. This shows that from the perspective of the regulators , they are still extremely eager for the market to become active and generate a sustained market to solve the problem of IPO barrier lake. "
"As long as the regulatory authorities' attitude toward the market remains unchanged, they will still fully encourage and protect the market."
“Then, it can be foreseen that when the market experiences large fluctuations, bullish sentiment declines rapidly, and market confidence is severely lacking, they will most likely introduce some new policies and methods to boost market confidence and enhance everyone’s expectations for the future. Investment expectations will offset the blood-sucking effect of the IPO restart on the market.”
Hearing Su Yu's words, Li Meng's heart skipped a beat, and he was slightly shocked and said: "You mean... there is a high probability that in the near future, regulators will release some relatively major supporting good news to hedge against the resumption of IPOs in the market. The negative impact caused?”
"If you want to quickly restore market confidence and further enhance the market's long sentiment and expectations, this is undoubtedly the best way." Su Yu said, "More and more excellent domestic companies are blocked from financing and have to choose In the context of overseas listings, in order to revitalize the market's direct financing channels and solve the long-standing IPO barrier problem, the restart of the market IPO is inevitable. "
"Based on the current sluggish investment sentiment in the market and lack of market liquidity."
"If the market is not heated up and the existing market investment ecology is not changed, then...even if the IPO market is restarted, there will not be that much market capital to undertake the issuance of new shares."
"When the time comes, if we continue to publish regardless, we will only end up in the same situation as before."
"That is to say, new shares have been issued in large areas, and the market's money-making effect has further weakened, thus forming a vicious circle, further depleting market liquidity, and making subsequent new shares unable to be issued even if they want to be issued."
"However, we have experienced the early situations and learned the lessons of history."
"Obviously, the effects that the regulatory groups want at this time are definitely completely different from before..."
"What they want is to ensure that the new shares can be fully issued and to truly solve the IPO barrier lake problem that has accumulated for many years. This is reflected in their intention to reduce the initial fund-raising scale of new shares and their intention to adjust the valuation of new shares and the number of new shares. You can see it in the subscription rules.”
“So, how can we ensure that new shares are issued and we don’t repeat the mistakes of previous policies?”
"Based on this adjusted IPO restart rule, we can actually see some clues."
"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 to proceed step by step, try to attract less blood to the market, and at the same time lower the price-earnings ratio of new shares issuance, and give profits to investors who subscribe for new shares. Or give the profits to the secondary market and create some money-making effects from the issuance of new shares. As long as there is a money-making effect... are you afraid that there will be no market amid the crowd of followers? "
"Understood!" After Su Yu's reminder, Li Meng reacted instantly, "It seems that this current supervisory leadership is quite smart and has really grasped the crux of the market."
In the domestic financial trading market dominated by 90% of retail investors.
All the so-called ‘value investment’ propaganda and ‘long-term investment’ propaganda are actually in vain.
Under the intertwined influence of human nature and emotions, as long as the structure of the investor group participating in the market does not change, short-term speculation and excessive speculation will inevitably become the mainstream, because only this form of speculation can quickly gather the market's money-making effect and attract people both inside and outside the market. The retail investment group has attracted great attention.
in other words……
The simplest truth that makes the market hot.
That is to make the vast retail investors, who account for 90% of the market, believe that it is easy to make money by investing in stocks through the continuous money-making effect of gathering, and that they can reap huge profits by moving their fingers. Then everyone does not need to publicize it at all, and naturally Actively participated.
This is the saying that as long as there is a continuous profit-making effect, there will be a market.
At present, it is obvious that the regulatory authorities, while changing the IPO issuance system and rules, are fully transferring the dividends from the issuance of new shares to the secondary market, and are fully using existing policy means to stimulate this market as much as possible. Key nodes.
Therefore, Su Yu became relatively optimistic after seeing this IPO restart plan.
Su Yu nodded slightly and said, "It's really rare. Next... let's see the effect. I believe something unexpected will happen."
After saying that, Su Yu thought for a while and asked: "Oh, by the way, according to the new stock issuance system after the restart of IPO, which are the first batch of new stocks under the new regulations? You can pay some attention to this. After all, under the circumstances of reducing the issuance scale, lowering the issuance price-to-earnings ratio, and fully transferring the dividends from the new share issuance to the secondary market, the first batch of new shares under the new regulations still have some hype value and investment opportunities.”
"Let me take a look at the current queue for new stock issuance." Li Meng responded briefly, then tapped the keyboard with his fingers, switched pages, searched in the search bar, looked at the new interface that popped up, and responded, "No 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 perspective of the industry and fundamentals to which this check belongs, are reversed. It’s also ordinary. According to the current average market valuation, even if the price-to-earnings ratio is lowered, the level of speculation is probably not high, right?”
"It's hard to say." Su Yu smiled and said, "Let's observe first."
"Yes!" Li Meng nodded, thought for a while, and then said, "According to the new regulations, our fund can subscribe for all of these new shares at a fixed rate. Do we need to subscribe at a fixed rate?"
Su Yu responded with a smile: "Of course I do. Even if you subscribe at a fixed price, you won't get many new shares, but toothpick meat is still meat, so it's better than nothing."
According to the issuance scale of several stocks, all subscriptions are fixed.
Calculated based on the minimum double increase of the final stock listing, we should be able to earn a profit of more than 10 million.
Although this excess profit is almost negligible compared to the current capital scale of the two main funds, it is still necessary to pick up the money that is almost free. "
"That's okay." Li Meng responded, "I'll tell everyone to get ready after work next Monday."
Su Yu nodded and was thinking about changing the topic. Li Meng paused and then said: "I just took a look at the 'Yuhang No. 3' fund issuance plan we reported. It has been approved by the Fund Industry Association and the China Securities Regulatory Commission." After the review by the fund management regulatory department, the next step can be started.”
"Okay!" Su Yu said, "Then let's set an open subscription time. What time do you think is suitable?"
Li Meng smiled and said: "It can be done at any time. According to the interest of various investor groups in the market for our company's two main funds, no matter which time period the subscription is opened, I believe it will achieve popular results."
"Then let's start on May 20th." Su Yu said, "The one-week period from May 20th to May 27th will be the open subscription time, and then... other rules will not need to be changed. At the same time... this This time, simultaneous online and offline subscriptions will be opened.”
"Subscribe simultaneously online and offline?" Li Meng asked.
Su Yu nodded and said: "Yes, haven't we signed a cooperation agreement with Oriental Fortune Website? We can borrow their platform to expand the scope of investors wider, which will help our company to expand nationwide. The influence has increased, and the number of investors who have subscribed has also increased. Just let Yu Xiaobing contact the Oriental Fortune website about this matter, and you don’t have to worry too much. "
"Okay, no problem." Li Meng responded.
The two talked for a while, and when the time reached 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 its adjustment trend amid the frantic short sentiment in the domestic market. In the end, several major U.S. stock indexes once again closed down by more than 1%, continuing to worsen investment sentiment in the domestic market.
As a result, the short sentiment in the entire market became more and more intense during the two days over the weekend.
Some people predict that the Shanghai Stock Exchange Index will continue to fall back to 2,000 points in the context of the restart of IPOs; some people comprehensively criticize the bullish voices in the market and curse those institutional analysts and financial influencers who sing the bullish tone; some people reveal their position records this week , there are not a few investors who have lost more than 20%; some people once again upvoted Su Yu's "long-term bullish view of the market" post that he once publicly published on an online forum, and responded to the post to question...
It can be said that for a while, whether it is online or offline, it is a gathering place for stock investment discussions.
They are all voices of bearishness, pessimistic feelings of complaints and sighs.
However, in this market, countless investment groups, especially retail investors, are collectively bearish on the market and have extremely pessimistic expectations for the market outlook.
The news that the third fund product of Yuhang Investment Company will be privately raised has spread like wildfire, and quickly set off a stir in the domestic asset management industry, the internal groups of large investors, and a large number of high-net-worth wealthy people who pay attention to investment.
"Will Yuhang Investment Company privately issue its third private equity fund?"
As the news spread through various channels, many investor groups who have been jealous of the legendary returns created by the main funds of Yuhang Investment for investors for a long time have raised questions.
"It can't be fake. I checked the record of the Fund Industry Association. The 'Yuhang No. 3' fund has been successfully registered, and the planned issuance scale is 10 billion!"
"Fuck, when can I subscribe?"
"I don't know?"
"I heard that you can subscribe online this time. Is it true or false? The last time I bought it offline, I was a step too late and got nothing. This time... I have to grab a share of the fund no matter what!"
"No matter whether 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? During this period, the market has just passed its peak, and short-selling sentiment is rampant. Moreover, the issuance scale is 10 billion, so it shouldn't be that difficult to grab."
"Underestimate' Yuhang Fund? Based on the investment ability of Mr. Su and the performance of the first two main funds, this new fund will be snapped up as soon as it is issued. The issuance scale of 10 billion does look a lot, but when the last round of Yuhang 2 Fund was issued, the fund scale was 5 billion, and it was also a non-public offline subscription model. What was the result? Everyone saw it, right? Half a day, just half a day... the shares were snapped up. "
"If you think you don't need it, don't grab it when the time comes, leave me some meat, damn... If there is no subscription limit, I will buy as much as I can. "
"It seems to be the same as the previous fund, with a fixed subscription amount of 10 million. Restrictions."
"Then it seems that I have to prepare a few more ID cards, including those of my wife and parents. Damn... Business has been difficult recently, and it is easier to make money by lying down with the fund shares of the 'Yuhang System'."
"Haha, indeed... I have participated since President Su issued the first fund. Now it is roughly estimated that there are more than ten times the return on investment. It is indeed much better than doing business, and... now the shares of the 'Yuhang System' funds still have a high premium in the OTC market. Even if you are short of money, it is easy to get rid of them through private share ownership transfers in the OTC market during the fund closure period. There is simply no better investment than this."
"The performance of the two funds of the 'Yuhang System' is obvious to all. , who wouldn't be jealous? "
"Just watch, this new fund will definitely be snapped up after it is issued. Oh... I won't say anymore. I'm going to book a ticket. I have to block the door at Yuhang Investment Company."
"If online and offline subscriptions are made at the same time, then these 10 billion shares will be sold out in seconds, right?"
"I guess there will be a specific allocation for online and offline? In any case, it's better to wait offline in advance than to snap up online."
When the news that Yuhang Investment Company's new fund product was approved for filing and was about to be issued spread rapidly, and the discussion among various investor groups became more and more intense... the old investor groups of the previous two main funds, especially the internal customer group where Su Yu was, also exploded instantly.
Countless people were crazy in the group x-on:Su Yu, and his mobile phone was also directly blown up.