Chapter 598 The Bull Market Came Earlier than Expected (Ten)!

At this time, the main fund products of the ‘Anzhao Series’ closed the fund share subscription channels and closed all markets.

Other private equity institutions, public equity institutions and other groups in the domestic asset management industry are advertising fund products on a large scale, investing heavily, and have begun to further exaggerate the money-making effect of the market, thereby attracting off-market investor groups. As well as potential Christian groups, they can subscribe for funds or enter the market for transactions.

At the same time, when institutional groups publicize and further induce market conditions.

Analysts from securities firms, financial influencers, and well-known stock commentators in the market have also begun to be more bullish on the market and continue to stimulate the market's bullish sentiment.

On the other hand, regulators are more or less cooperating with the market in terms of news.

And under the combined effect of these changes in market factors...

After the Shanghai Stock Index broke through 2,500 points, it broke out of the six consecutive positive trends in one fell swoop and directly refreshed the rebound high point and the annual high point above 2,650 points. Then it began to take a slight rest, oscillating sideways to digest profits and this stage. Free up the holding plate chips.

And when the index goes out of six consecutive Yangs.

Generally speaking, the transaction volume of the two cities continues to remain at around 280 billion to 300 billion, maintaining an active trend.

Moreover, at this stage, the financing balances of the two cities also increased for the sixth consecutive time, approaching the 750 billion mark, and also reached the active line.

“The Shanghai Stock Exchange Index has been positive for six consecutive days!”

Seeing that the Shanghai Stock Index once again hit a new rebound high and a new yearly high during the session, at around 2 o'clock in the afternoon on August 15, Yu Hang, inside the main fund trading room of Minghui Capital, He Hong stared at the market with emotion. : "It's been a long time since I've seen the index break through with such momentum. Now... the index has reached this point. The big box that has restricted the market for two or three years from 2000 to 2500 is considered a complete breakthrough, right?"

"Well!" Xu Zhongji, who was standing next to He Hong, pondered for a moment and responded with a smile, "It should be considered a complete breakthrough. However, after the index has risen for six consecutive times, in a short period of time, it may be possible again. It’s time to rest.”

He Hong nodded and said: "I agree, but according to the current market volume and average performance, even if the index is resting here, I'm afraid the adjustment will not be deep, and it will not go back to the 2500-point position again, right? And... In the market, the two main industry lines of 'infrastructure' and 'military industry', as well as the main theme areas of 'reform and reorganization of central and state-owned enterprises', 'Eurasian Economic Belt', and 'road and sea road in the new era', are all related. The trend of the industry sector and concept sector is really strong, with continuous upward trends and no correction at all.”

"Market expectations and funds are basically concentrated in these main directions." Xu Zhongji said, "In addition, the position weights of several major funds in the 'Yuhang Series' are also in this direction. Expectations, emotions, news, Macroeconomic policies...with the support of various factors, can the trend not be strong?

but……

I feel that the two major industry main lines of 'infrastructure' and 'military industry', as well as the main themes and concepts of 'reform and reorganization of central and state-owned enterprises', 'Eurasian Economic Belt', and 'new era road and maritime road', although the current trend is still very strong , and under the influence of a steady stream of incremental funds, it continues to siphon market funds, hitting new highs one after another.

However, the room for "expected difference" is obviously getting smaller and smaller.

At the same time, the profit chips accumulated internally are getting heavier and heavier.

For aggressive investors who continue to chase positions at high levels at this stage, the price/performance ratio is no longer high.

Of course, thanks to the continuous exceeding of expected market incremental funds entering the market, as well as the continued optimism of the 'Yu Hang Series', as well as the funds in other main areas of the market, the continuous exceeding of expected profit-making effects in these major main areas have guided Next, the results of continued concentration on these major main lines.

For the time being, there are no risks in these core market investment lines.

However, it is impossible for a tree to reach the sky.

When the market for these major main lines goes up and more and more funds are needed, exceeding the market's ability to absorb incremental funds, then the turning point of the market will most likely come.

Now, I am worried that the Shanghai Stock Index is highly bound by these major main lines.

Once these main lines exhaust the hype and fall into an adjustment, then... the overall market trend will inevitably be greatly affected. "

He Hong heard Xu Zhongji's analysis, thought for a while, and said: "Mr. Xu, I think the market can perform well after continuing to introduce incremental funds from the sidelines and maintaining a volume of 280 billion and above. , with so many active funds on the market, the market will not be so fragile.

Moreover, I don’t know if Mr. Xu has noticed it.

Nowadays, the two main industry lines of 'infrastructure' and 'military industry', as well as the main themes and concepts of 'reform and reorganization of central and state-owned enterprises', 'Eurasian Economic Belt', and 'new era road and sea road' are still the strongest in the market. However, many active funds are already relying on the core logic of these main lines to explore other investment main lines that can carry market conditions and form a switchable investment main line with these main lines.

For example, ‘big finance’ and ‘big consumption’ have also been going very strong recently.

Especially in the field of ‘big finance’, whether it is banks, securities, insurance in the traditional financial field, or the ‘Internet finance’ sector where the ‘Yuhang system’ funds have some holdings, the current trend is obviously stronger than the market, and there is a trend of moving out of the bottom of the adjustment.

If the market can form a new consistent expectation in the field of ‘big finance’.

Then, the line of ‘big finance’ can form a main line rotation with the two major industry main lines of ‘infrastructure’ and ‘military industry’, and continue to support the market upward.

And…

In the current market, with the continued rebound of the index and the further deepening of the relevant main line market.

In fact, everyone’s expectations for the overall market trend are getting stronger and stronger. Mr. Xu has seen the whole market up and down, and the voices about the ‘bull market’ are getting stronger and stronger?

And as long as the voices and expectations of the ‘bull market’ are intensifying.

Then, the expectations of the ‘big finance’ line will continue to rise, and naturally it will attract more funds to converge on this big main line.

At the same time, due to the fact that the valuation of the entire "big finance" field, except for the "internet finance" sector, has been compressed to the limit in the market trend in the past two years, the valuation of this field is significantly lower than the market average. This shows that in this field, when the market's "bull market" expectations are getting stronger and stronger, there is a valuation bottom and unlimited expectation imagination space.

There is also the entire "big finance" main line.

It can also be combined with the "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", "Central Enterprises and State-owned Enterprises Reform and Restructuring" and other major concept themes. After all, 90% of the stocks in the "big finance" field are state-owned assets, and they also have restructuring expectations.

As long as these two can be combined, and the overall market's "bull market" expectations are increasing.

Then I think we don't need to be pessimistic about the development of the market's subsequent market conditions. "

After listening to He Hong's analysis of the market, Xu Zhongji pondered for a moment, but he quite agreed in his heart, and laughed: "Hearing what you said, it makes sense. "

"Even, I was thinking..." He Hong paused for a while and said, "Didn't I hear that 'Yuhang Investment' company plans to issue a new main fund product? Now they have already held a lot of positions in the two main industry lines of 'infrastructure' and 'military industry', as well as the main theme concept areas of 'reform and restructuring of central enterprises and state-owned enterprises', 'Eurasian Economic Belt', and 'new era road, sea road'.

If they find new fund products, they should not hold a lot of positions in the two main industry lines of 'infrastructure' and 'military industry', as well as the main theme concept areas of 'reform and restructuring of central enterprises and state-owned enterprises', 'Eurasian Economic Belt', and 'new era road, sea road', right?

Even we can see that these main lines are currently a feast for shareholders, not a good time to continue chasing positions and building positions. I believe that Mr. Su of the 'Yuhang system' can definitely see it.

In this way, the main line areas of investment for the new funds they issue must be other directions.

In the entire market, the main line that can carry tens of billions of huge funds and has certain future expectations should be the "big finance" main line, right? "

"Hey, you said that... it is possible!" Xu Zhongji was surprised, "It seems that the "big finance" line is indeed worthy of attention."

He Hong nodded and said, "Mr. Xu, since the Shanghai Composite Index broke through 2,500 points, the number of new fund lists reported to the regulatory authorities in the industry has skyrocketed in the past few trading days. I feel that the investment trend of the entire market has indeed changed completely.

Maybe this round of "bull market" that many people in the market are calling for will really come.

At this time, do we also need to invest in publicity for our main fund products to seize the high-net-worth customer groups who are interested in investing in the off-site market? And is it necessary to quickly apply for new funds to quickly expand the asset management scale of our institutions at this critical juncture?

As the saying goes, if you have food in your hands, you will not panic in your heart.

At present, our institution's main positions are also in the two main lines of the industry of "infrastructure" and "military industry", as well as the main lines of themes and concepts of "reform and restructuring of central enterprises and state-owned enterprises", "Eurasian Economic Belt", and "new era road and sea road", and these main lines have not yet completed.

We cannot withdraw funds and make layouts for the "big finance" with a very high profit and loss cost performance.

Moreover, if the bull market really comes...

We don't have enough funds to compete for chips, and we can only be anxious when we see the market continue to break through rapidly!

So, I think no matter whether this round of "bull market" can come true.

At this time, it is still necessary for us to prepare in advance, issue new fund products, and prepare a part of funds to prepare for the arrival of greater investment opportunities in the market. "

"If you have food in your hands, you won't panic in your heart. This makes sense! "Xu Zhongji nodded slightly and replied, "For asset managers like us who rely on market transactions for a living, funds are indeed the food we need. Only by keeping funds in hand at all times can we make accurate arrangements in time when opportunities come, so as not to sigh in despair.

Okay, your suggestion is very good.

After the market closes today, I will discuss with Mr. Liao to formulate a subsequent fund operation strategy and prepare the "food" in our hands. "

He had never thought about the main capital of the 'Yuhang system' before.

The specific motives and purposes of acquiring the full ownership of the 'Anzhao Fund' company and the proposed issuance of new funds at this time.

Now, after He Hong's reminder, he thought carefully and suddenly realized that the 'Yuhang Investment' institution, especially the 'Yuhang system' General Manager Su, although he did not say a word to the market publicly, a series of actions have been enough to show that the other party is firmly optimistic about the future market, and also believes that the market's 'bull market' expectations are getting stronger and stronger, and it is very likely to form a 'big bull market' trend.

At the same time, the other party is also very likely to be optimistic about the investment main line of 'big finance'.

In this case...

Then he has to speed up, prepare funds, get ahead of the other party, and make large-scale layouts.

In other words, once again, he will work with Mr. Su from the Yuhang Group to build the core theme of "big finance" after the two main lines of "infrastructure" and "military industry", as well as the main lines of "reform and restructuring of central enterprises and state-owned enterprises", "Eurasian Economic Belt", and "new era road and sea road", so as to drive the market towards a comprehensive bull market and further seize the market's excess profits.

"Okay!" He Hong nodded in response.

Seeing that Xu Zhongji completely accepted his suggestion, he was still very happy.

And as the two discussed the market and the development of the company...

The market trading time was fixed at 3 o'clock in the afternoon at this time.

The Shanghai Composite Index closed higher again, set at 2558.49 points, up 0.65%. The Shenzhen Composite Index and the ChiNext Index also closed in the red. With the overall increase in the index, the two major industry themes of "infrastructure" and "military industry", as well as the major theme concept themes of "reform and restructuring of central enterprises and state-owned enterprises", "Eurasian Economic Belt", and "new era road and sea road" are still the most solid core themes in the market, gathering a large number of active capital groups in the market.

After the market closed, facing the trend of six consecutive positive indexes.

Inside and outside the market, the vast investor group is all excited.

And after the market closed on this day, the approval documents submitted by "Yuhang Investment" to the regulatory authorities for the establishment of the "Yuhang No. 4" fund product have been quickly reviewed and approved by the regulatory authorities, and the approved "Yuhang No. 4" fund product has also become the industry's first super-large private equity fund product that intends to raise 30 billion yuan in non-public funds.

Hearing the news that the "Yuhang No. 4" fund has been approved.

The entire domestic financial community, as well as high-net-worth individuals from all walks of life, as long as they are interested in investing, are now starting to gather cash and, through their personal connections, are trying to contact the fund operations department of Yuhang Investment as soon as possible, hoping to reserve shares of the Yuhang No. 4 fund in advance.